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Revenue (Tables) | 9 Months Ended
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Sep. 30, 2021
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | Revenue by reporting unit for the three and nine months ended September 30, 2021 and 2020 was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Energy | $ | 40,430 |  |  | $ | 56,155 |  |  | $ | 125,860 |  |  | $ | 150,483 |
Valves(1) | 29,020 |  |  | 29,533 |  |  | 91,565 |  |  | 86,596 |
Water(1) | 64,865 |  |  | 57,190 |  |  | 189,013 |  |  | 165,114 |
Pumps | 90,026 |  |  | 59,585 |  |  | 261,457 |  |  | 201,970 |
Agriculture | 26,956 |  |  | 18,284 |  |  | 78,044 |  |  | 62,557 |
Intersegment elimination | — |  |  | (194) |  |  | (737) |  |  | (533) |
Fluid & Metering Technologies | 251,297 |  |  | 220,553 |  |  | 745,202 |  |  | 666,187 |
Scientific Fluidics & Optics | 131,198 |  |  | 100,569 |  |  | 375,990 |  |  | 313,275 |
Sealing Solutions | 67,696 |  |  | 50,726 |  |  | 202,432 |  |  | 151,257 |
Performance Pneumatic Technologies(2) | 62,181 |  |  | 32,173 |  |  | 125,355 |  |  | 87,558 |
Micropump | 8,519 |  |  | 7,273 |  |  | 24,794 |  |  | 22,260 |
Material Processing Technologies | 32,693 |  |  | 29,637 |  |  | 99,097 |  |  | 85,755 |
Intersegment elimination | (650) |  |  | (707) |  |  | (2,228) |  |  | (1,744) |
Health & Science Technologies | 301,637 |  |  | 219,671 |  |  | 825,440 |  |  | 658,361 |
Fire & Safety | 92,305 |  |  | 94,065 |  |  | 287,107 |  |  | 280,428 |
BAND-IT | 25,166 |  |  | 22,692 |  |  | 74,843 |  |  | 64,228 |
Dispensing | 41,635 |  |  | 24,139 |  |  | 117,452 |  |  | 67,640 |
Intersegment elimination | (21) |  |  | (7) |  |  | (42) |  |  | (20) |
Fire & Safety/Diversified Products | 159,085 |  |  | 140,889 |  |  | 479,360 |  |  | 412,276 |
Total net sales | $ | 712,019 |  |  | $ | 581,113 |  |  | $ | 2,050,002 |  |  | $ | 1,736,824 |
(1) During the third quarter of 2021, the Company merged a business in the Water reporting unit with a business in the Valves reporting unit. Revenue for each reporting unit has been restated to reflect this change for each of the three and nine months ended September 30, 2021 and 2020. (2) This reporting unit was previously named Gast and was renamed Performance Pneumatic Technologies upon the acquisition of Airtech. Prior to that acquisition date, all amounts reflect only the Gast business.
Schedule of External Net Sales Disaggregated by Geography | Revenue by geographical region for the three and nine months ended September 30, 2021 and 2020 was as follows:
| Three Months Ended September 30, 2021
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 137,046 |  |  | $ | 148,195 |  |  | $ | 79,911 |  |  | $ | 365,152 |
North America, excluding U.S. | 13,685 |  |  | 5,193 |  |  | 7,178 |  |  | 26,056 |
Europe | 48,802 |  |  | 86,509 |  |  | 39,967 |  |  | 175,278 |
Asia | 36,861 |  |  | 59,990 |  |  | 24,463 |  |  | 121,314 |
Other (1) | 14,903 |  |  | 2,400 |  |  | 7,587 |  |  | 24,890 |
Intersegment elimination | — |  |  | (650) |  |  | (21) |  |  | (671) |
Total net sales | $ | 251,297 |  |  | $ | 301,637 |  |  | $ | 159,085 |  |  | $ | 712,019 |
| Three Months Ended September 30, 2020
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 122,352 |  |  | $ | 98,943 |  |  | $ | 65,369 |  |  | $ | 286,664 |
North America, excluding U.S. | 13,706 |  |  | 5,417 |  |  | 5,680 |  |  | 24,803 |
Europe | 43,855 |  |  | 59,509 |  |  | 37,437 |  |  | 140,801 |
Asia | 26,010 |  |  | 52,197 |  |  | 25,378 |  |  | 103,585 |
Other (1) | 14,824 |  |  | 4,312 |  |  | 7,032 |  |  | 26,168 |
Intersegment elimination | (194) |  |  | (707) |  |  | (7) |  |  | (908) |
Total net sales | $ | 220,553 |  |  | $ | 219,671 |  |  | $ | 140,889 |  |  | $ | 581,113 |
| Nine Months Ended September 30, 2021
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 399,123 |  |  | $ | 355,759 |  |  | $ | 227,259 |  |  | $ | 982,141 |
North America, excluding U.S. | 42,645 |  |  | 16,687 |  |  | 22,551 |  |  | 81,883 |
Europe | 150,098 |  |  | 258,838 |  |  | 127,948 |  |  | 536,884 |
Asia | 108,505 |  |  | 178,971 |  |  | 78,153 |  |  | 365,629 |
Other (1) | 45,568 |  |  | 17,413 |  |  | 23,491 |  |  | 86,472 |
Intersegment elimination | (737) |  |  | (2,228) |  |  | (42) |  |  | (3,007) |
Total net sales | $ | 745,202 |  |  | $ | 825,440 |  |  | $ | 479,360 |  |  | $ | 2,050,002 |
| Nine Months Ended September 30, 2020
| FMT |  | HST |  | FSDP |  | IDEX
U.S. | $ | 384,429 |  |  | $ | 288,042 |  |  | $ | 203,940 |  |  | $ | 876,411 |
North America, excluding U.S. | 38,741 |  |  | 15,911 |  |  | 16,980 |  |  | 71,632 |
Europe | 127,906 |  |  | 182,596 |  |  | 108,683 |  |  | 419,185 |
Asia | 77,144 |  |  | 161,342 |  |  | 63,500 |  |  | 301,986 |
Other (1) | 38,500 |  |  | 12,214 |  |  | 19,193 |  |  | 69,907 |
Intersegment elimination | (533) |  |  | (1,744) |  |  | (20) |  |  | (2,297) |
Total net sales | $ | 666,187 |  |  | $ | 658,361 |  |  | $ | 412,276 |  |  | $ | 1,736,824 |
(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:
| September 30, 2021 |  | December 31, 2020
Billed receivables | $ | 352,238 |  |  | $ | 273,536 |
Unbilled receivables | 14,956 |  |  | 14,752 |
Total customer receivables | $ | 367,194 |  |  | $ | 288,288 |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The composition of Deferred revenue was as follows:
| September 30, 2021 |  | December 31, 2020
Deferred revenue - current | $ | 45,055 |  |  | $ | 28,374 |
Deferred revenue - noncurrent | 31,025 |  |  | 30,354 |
Total deferred revenue | $ | 76,080 |  |  | $ | 58,728 |

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