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Business Segments | 9 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Business Segments | Business Segments IDEX has three reportable business segments: Fluid & Metering Technologies (“FMT”), Health & Science Technologies (“HST”) and Fire & Safety/Diversified Products (“FSDP”). The FMT segment designs, produces and distributes positive displacement pumps, small volume provers, flow meters, injectors and other fluid-handling pump modules and systems and provides flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agriculture and energy industries. The HST segment designs, produces and distributes a wide range of precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction and drying systems used in beverage, food processing, pharmaceutical and cosmetics, pneumatic components and sealing solutions, including very high precision, low-flow rate pumping solutions required in analytical instrumentation, clinical diagnostics and drug discovery, high performance molded and extruded sealing components, custom mechanical and shaft seals for a variety of end markets including food and beverage, marine, chemical, wastewater and water treatment, engineered hygienic mixers and valves for the global biopharmaceutical industry, biocompatible medical devices and implantables, air compressors and regenerative blowers used in medical, dental, alternative energy and industrial applications, optical components and coatings for applications in the fields of scientific research, defense, biotechnology, aerospace, telecommunications and electronics manufacturing, laboratory and commercial equipment used in the production of micro and nano scale materials, precision photonic solutions used in life sciences, research and defense markets and precision gear and peristaltic pump technologies that meet exacting original equipment manufacturer specifications. The FSDP segment designs, produces and develops firefighting pumps, valves and controls, rescue tools, lifting bags and other components and systems for the fire and rescue industry, engineered stainless steel banding and clamping devices used in a variety of industrial and commercial applications and precision equipment for dispensing, metering and mixing colorants and paints used in a variety of retail and commercial businesses around the world. Information on the Company’s business segments is presented below based on the nature of the products and services offered. The Company evaluates its 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.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Net sales |  |  |  |  |  |  |
Fluid & Metering Technologies |  |  |  |  |  |  |
External customers | $ | 251,297 |  |  | $ | 220,553 |  |  | $ | 745,202 |  |  | $ | 666,187 |
Intersegment sales | — |  |  | 194 |  |  | 737 |  |  | 533 |
Total segment sales | 251,297 |  |  | 220,747 |  |  | 745,939 |  |  | 666,720 |
Health & Science Technologies |  |  |  |  |  |  |
External customers | 301,637 |  |  | 219,671 |  |  | 825,440 |  |  | 658,361 |
Intersegment sales | 650 |  |  | 707 |  |  | 2,228 |  |  | 1,744 |
Total segment sales | 302,287 |  |  | 220,378 |  |  | 827,668 |  |  | 660,105 |
Fire & Safety/Diversified Products |  |  |  |  |  |  |
External customers | 159,085 |  |  | 140,889 |  |  | 479,360 |  |  | 412,276 |
Intersegment sales | 21 |  |  | 7 |  |  | 42 |  |  | 20 |
Total segment sales | 159,106 |  |  | 140,896 |  |  | 479,402 |  |  | 412,296 |
Intersegment elimination | (671) |  |  | (908) |  |  | (3,007) |  |  | (2,297) |
Total net sales | $ | 712,019 |  |  | $ | 581,113 |  |  | $ | 2,050,002 |  |  | $ | 1,736,824 |
Operating income (loss) (1) |  |  |  |  |  |  |
Fluid & Metering Technologies | $ | 69,020 |  |  | $ | 58,402 |  |  | $ | 195,384 |  |  | $ | 176,111 |
Health & Science Technologies | 70,374 |  |  | 49,912 |  |  | 212,987 |  |  | 150,562 |
Fire & Safety/Diversified Products | 39,126 |  |  | 37,103 |  |  | 126,483 |  |  | 103,977 |
Corporate office and other | (17,335) |  |  | (14,204) |  |  | (59,866) |  |  | (48,902) |
Total operating income | 161,185 |  |  | 131,213 |  |  | 474,988 |  |  | 381,748 |
Interest expense | 9,498 |  |  | 10,642 |  |  | 31,479 |  |  | 33,958 |
Other expense (income) - net | 630 |  |  | (704) |  |  | 16,957 |  |  | 7,321 |
Income before income taxes | $ | 151,057 |  |  | $ | 121,275 |  |  | $ | 426,552 |  |  | $ | 340,469 |
| September 30, 2021 |  | December 31, 2020
Assets |  |  |
Fluid & Metering Technologies | $ | 1,563,000 |  |  | $ | 1,387,067 |
Health & Science Technologies | 2,128,510 |  |  | 1,576,093 |
Fire & Safety/Diversified Products | 826,384 |  |  | 891,864 |
Corporate office and other | 336,685 |  |  | 559,374 |
Total assets | $ | 4,854,579 |  |  | $ | 4,414,398 |
(1) Segment operating income (loss) excludes net unallocated corporate operating expenses.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -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 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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