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Revenue (Tables) | 12 Months Ended
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Dec. 31, 2020
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | Revenue by reporting unit for the years ended December 31, 2020, 2019 and 2018 was as follows:
| For the Year Ended December 31,
| 2020 |  | 2019 |  | 2018
| (In thousands)
Energy | $ | 199,980 |  |  | $ | 164,825 |  |  | $ | 163,996 |
Valves | 107,833 |  |  | 118,333 |  |  | 113,136 |
Water | 236,080 |  |  | 250,589 |  |  | 251,020 |
Pumps | 265,281 |  |  | 331,098 |  |  | 324,222 |
Agriculture | 87,130 |  |  | 92,183 |  |  | 99,178 |
Intersegment elimination | (830) |  |  | (505) |  |  | (277) |
Fluid & Metering Technologies | 895,474 |  |  | 956,523 |  |  | 951,275 |
Scientific Fluidics & Optics | 415,827 |  |  | 434,623 |  |  | 417,859 |
Sealing Solutions | 207,623 |  |  | 200,495 |  |  | 200,316 |
Gast | 122,875 |  |  | 133,471 |  |  | 126,787 |
Micropump | 29,637 |  |  | 32,216 |  |  | 36,827 |
Material Processing Technologies | 120,000 |  |  | 113,641 |  |  | 114,630 |
Intersegment elimination | (2,609) |  |  | (1,823) |  |  | (449) |
Health & Science Technologies | 893,353 |  |  | 912,623 |  |  | 895,970 |
Fire & Safety | 376,320 |  |  | 403,949 |  |  | 396,926 |
BAND-IT | 88,065 |  |  | 106,624 |  |  | 105,785 |
Dispensing | 98,466 |  |  | 116,197 |  |  | 134,317 |
Intersegment elimination | (32) |  |  | (1,343) |  |  | (607) |
Fire & Safety/Diversified Products | 562,819 |  |  | 625,427 |  |  | 636,421 |
Total net sales | $ | 2,351,646 |  |  | $ | 2,494,573 |  |  | $ | 2,483,666 |
Schedule of External Net Sales Disaggregated by Geography | Revenue by geographical region for the years ended December 31, 2020, 2019 and 2018 was as follows:
| For the Year Ended December 31, 2020
| FMT |  | HST |  | FSDP |  | IDEX
| (In thousands)
U.S. | $ | 505,757 |  |  | $ | 387,652 |  |  | $ | 269,899 |  |  | $ | 1,163,308 |
North America, excluding U.S. | 52,822 |  |  | 21,319 |  |  | 23,202 |  |  | 97,343 |
Europe | 174,945 |  |  | 249,793 |  |  | 149,180 |  |  | 573,918 |
Asia | 109,089 |  |  | 221,139 |  |  | 94,223 |  |  | 424,451 |
Other (1) | 53,691 |  |  | 16,059 |  |  | 26,347 |  |  | 96,097 |
Intersegment elimination | (830) |  |  | (2,609) |  |  | (32) |  |  | (3,471) |
Total net sales | $ | 895,474 |  |  | $ | 893,353 |  |  | $ | 562,819 |  |  | $ | 2,351,646 |
| For the Year Ended December 31, 2019
| FMT |  | HST |  | FSDP |  | IDEX
| (In thousands)
U.S. | $ | 541,994 |  |  | $ | 411,680 |  |  | $ | 303,579 |  |  | $ | 1,257,253 |
North America, excluding U.S. | 58,256 |  |  | 21,735 |  |  | 26,328 |  |  | 106,319 |
Europe | 170,698 |  |  | 263,523 |  |  | 159,184 |  |  | 593,405 |
Asia | 125,031 |  |  | 201,765 |  |  | 103,379 |  |  | 430,175 |
Other (1) | 61,049 |  |  | 15,743 |  |  | 34,300 |  |  | 111,092 |
Intersegment elimination | (505) |  |  | (1,823) |  |  | (1,343) |  |  | (3,671) |
Total net sales | $ | 956,523 |  |  | $ | 912,623 |  |  | $ | 625,427 |  |  | $ | 2,494,573 |
| For the Year Ended December 31, 2018
| FMT |  | HST |  | FSDP |  | IDEX
| (In thousands)
U.S. | $ | 540,697 |  |  | $ | 392,140 |  |  | $ | 297,717 |  |  | $ | 1,230,554 |
North America, excluding U.S. | 57,917 |  |  | 18,770 |  |  | 28,779 |  |  | 105,466 |
Europe | 172,630 |  |  | 278,634 |  |  | 164,307 |  |  | 615,571 |
Asia | 119,822 |  |  | 189,342 |  |  | 111,169 |  |  | 420,333 |
Other (1) | 60,486 |  |  | 17,533 |  |  | 35,056 |  |  | 113,075 |
Intersegment elimination | (277) |  |  | (449) |  |  | (607) |  |  | (1,333) |
Total net sales | $ | 951,275 |  |  | $ | 895,970 |  |  | $ | 636,421 |  |  | $ | 2,483,666 |
(1) Other includes: South America, Middle East, Australia and Africa.
Schedule of Contract with Customer, Asset and Liability | The composition of Customer receivables was as follows:
| December 31, 2020 |  | December 31, 2019
| (In thousands)
Billed receivables | $ | 273,536 |  |  | $ | 286,196 |
Unbilled receivables | 14,752 |  |  | 11,922 |
Total customer receivables | $ | 288,288 |  |  | $ | 298,118 |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The composition of Deferred revenue was as follows:
| December 31, 2020 |  | December 31, 2019
| (In thousands)
Deferred revenue - current | $ | 28,374 |  |  | $ | 17,633 |
Deferred revenue - noncurrent | 30,354 |  |  | 2,129 |
Total deferred revenue | $ | 58,728 |  |  | $ | 19,762 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045 + Details
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