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Business Segments and Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Schedule of Information on Company's Business Segments | Information on the Company’s business segments is presented below based on the nature of products and services offered. The Company evaluates performance based on several factors, of which sales, operating income and operating margin are the primary financial measures. Intersegment sales are accounted for at fair value as if the sales were to third parties.
| 2020 |  | 2019 |  | 2018
| (In thousands)
NET SALES |  |  |  |  |
Fluid & Metering Technologies |  |  |  |  |
External customers | $ | 895,474 |  |  | $ | 956,523 |  |  | $ | 951,275 |
Intersegment sales | 830 |  |  | 505 |  |  | 277 |
Total segment sales | 896,304 |  |  | 957,028 |  |  | 951,552 |
Health & Science Technologies |  |  |  |  |
External customers | 893,353 |  |  | 912,623 |  |  | 895,970 |
Intersegment sales | 2,609 |  |  | 1,823 |  |  | 449 |
Total segment sales | 895,962 |  |  | 914,446 |  |  | 896,419 |
Fire & Safety/Diversified Products |  |  |  |  |
External customers | 562,819 |  |  | 625,427 |  |  | 636,421 |
Intersegment sales | 32 |  |  | 1,343 |  |  | 607 |
Total segment sales | 562,851 |  |  | 626,770 |  |  | 637,028 |
Intersegment eliminations | (3,471) |  |  | (3,671) |  |  | (1,333) |
Total net sales | $ | 2,351,646 |  |  | $ | 2,494,573 |  |  | $ | 2,483,666 |
OPERATING INCOME (LOSS) (1) |  |  |  |  |
Fluid & Metering Technologies | $ | 235,011 |  |  | $ | 285,256 |  |  | $ | 275,060 |
Health & Science Technologies | 206,356 |  |  | 200,200 |  |  | 205,679 |
Fire & Safety/Diversified Products | 144,191 |  |  | 165,258 |  |  | 168,601 |
Corporate office and other | (64,845) |  |  | (71,711) |  |  | (80,252) |
Total operating income | 520,713 |  |  | 579,003 |  |  | 569,088 |
Interest expense | 44,746 |  |  | 44,341 |  |  | 44,134 |
Other (income) expense - net | 5,627 |  |  | 1,759 |  |  | (3,985) |
Income before taxes | $ | 470,340 |  |  | $ | 532,903 |  |  | $ | 528,939 |
| 2020 |  | 2019 |  | 2018
| (In thousands)
ASSETS |  |  |  |  |
Fluid & Metering Technologies | $ | 1,387,067 |  |  | $ | 1,150,712 |  |  | $ | 1,107,777 |
Health & Science Technologies | 1,576,093 |  |  | 1,507,108 |  |  | 1,329,368 |
Fire & Safety/Diversified Products | 891,864 |  |  | 825,398 |  |  | 806,075 |
Corporate office and other | 559,374 |  |  | 330,694 |  |  | 230,637 |
Total assets | $ | 4,414,398 |  |  | $ | 3,813,912 |  |  | $ | 3,473,857 |
DEPRECIATION AND AMORTIZATION (2) |  |  |  |  |
Fluid & Metering Technologies | $ | 25,939 |  |  | $ | 22,152 |  |  | $ | 22,370 |
Health & Science Technologies | 41,778 |  |  | 39,721 |  |  | 39,939 |
Fire & Safety/Diversified Products | 15,216 |  |  | 14,333 |  |  | 14,493 |
Corporate office and other | 562 |  |  | 670 |  |  | 742 |
Total depreciation and amortization | $ | 83,495 |  |  | $ | 76,876 |  |  | $ | 77,544 |
CAPITAL EXPENDITURES |  |  |  |  |
Fluid & Metering Technologies | $ | 11,924 |  |  | $ | 17,285 |  |  | $ | 19,541 |
Health & Science Technologies | 27,626 |  |  | 22,001 |  |  | 26,039 |
Fire & Safety/Diversified Products | 8,913 |  |  | 9,811 |  |  | 10,318 |
Corporate office and other | 3,082 |  |  | 1,815 |  |  | 191 |
Total capital expenditures | $ | 51,545 |  |  | $ | 50,912 |  |  | $ | 56,089 |
(1)Segment operating income (loss) excludes net unallocated corporate operating expenses. (2)Excludes amortization of debt issuance expenses.
Schedule of Sales From External Customers and Long-Lived Assets | Information about the Company’s long-lived assets in different geographical regions for the years ended December 31, 2020, 2019 and 2018 is shown below.
| 2020 |  | 2019 |  | 2018
| (In thousands)
LONG-LIVED ASSETS — PROPERTY, PLANT AND EQUIPMENT |  |  |  |  |
U.S. | $ | 169,159 |  |  | $ | 165,721 |  |  | $ | 171,111 |
North America, excluding U.S. | 5,028 |  |  | 3,829 |  |  | 3,398 |
Europe | 99,989 |  |  | 88,104 |  |  | 85,100 |
Asia | 23,950 |  |  | 22,505 |  |  | 21,355 |
Other | 147 |  |  | 157 |  |  | 256 |
Total long-lived assets - net | $ | 298,273 |  |  | $ | 280,316 |  |  | $ | 281,220 |

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- 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=120311839&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=120395209&loc=SL114868664-224227 + Details
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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 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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