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Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting, Measurement Disclosures [Abstract]

Segment Reporting Information - Operations and Assets

Segment information follows (in thousands):

			2021						2020						2019
Net Sales
Industrial			$	840,256					$	677,680					$	747,396
Process			397,626						326,105						344,930
Contractor			749,726						646,330						553,719
Total			$	1,987,608					$	1,650,115					$	1,646,045
Operating Earnings
Industrial			$	296,542					$	226,575					$	247,216
Process			91,037						64,498						76,367
Contractor			169,518						164,549						128,282
Unallocated corporate (expense)			(25,774)						(28,675)						(27,409)
Impairment			—						(35,229)						—
Total			$	531,323					$	391,718					$	424,456
Assets
Industrial			$	713,657					$	632,165
Process			436,198						404,370
Contractor			487,916						438,067
Unallocated corporate			805,427						513,526
Total			$	2,443,198					$	1,988,128

Segment Reporting Information - Geographic

Geographic information follows (in thousands):

			2021						2020						2019
Net Sales (based on customer location)
United States			$	1,004,318					$	883,451					$	840,659
Other countries			983,290						766,664						805,386
Total			$	1,987,608					$	1,650,115					$	1,646,045
Long-lived Assets
United States			$	388,835					$	301,643
Other countries			62,226						49,107
Total			$	451,061					$	350,750

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

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-Publisher FASB
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-Topic 280
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

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