XML 50 R39.htm IDEA: XBRL DOCUMENT v3.25.1

Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Weighted Average Option Fair Values and Assumptions

The assumptions used in determining the fair value of the stock options granted in the respective periods were as follows:

									Three Months Ended March 31,
															2025						2024
Weighted average fair value of grants															$46.74						$63.74
Dividend yield															1.41%						1.09%
Volatility															23.06%						26.67%
Risk-free interest rate															4.28%						4.31%
Expected life (in years)															4.70						4.60

Schedule of Stock Option Activity

A summary of the Company’s stock option activity as of March 31, 2025 and changes during the three months ended March 31, 2025 are presented in the following table:

Stock Options			Shares						Weighted Average Exercise Price						Weighted-Average Remaining Contractual Term (years)						Aggregate Intrinsic Value
Outstanding at January 1, 2025			998,856						$	191.96					6.63						$	24.9
Granted			82,470						196.07
Exercised			(16,303)						135.19
Forfeited			(17,703)						223.17
Outstanding at March 31, 2025			1,047,320						$	192.64					6.68						$	10.4
Vested and expected to vest as of March 31, 2025			1,018,699						$	191.97					6.62						$	10.4
Exercisable at March 31, 2025			695,206						$	180.74					5.68						$	10.4

Schedule of Restricted Stock Activity

A summary of the Company’s restricted stock activity as of March 31, 2025 and changes during the three months ended March 31, 2025 are presented in the following table:

Restricted Stock			Shares						Weighted-Average Grant Date Fair Value
Unvested at January 1, 2025			175,991						$	201.27
Granted			71,315						195.95
Vested			(17,389)						192.78
Forfeited			(5,485)						216.96
Unvested at March 31, 2025			224,432						$	199.85

Schedule of Unvested Cash-settled Restricted Stock Activity

A summary of the Company’s unvested cash-settled restricted stock activity as of March 31, 2025 and changes during the three months ended March 31, 2025 are presented in the following table:

Cash-Settled Restricted Stock			Shares						Weighted-Average Fair Value
Unvested at January 1, 2025			55,395						$	209.29
Granted			30,245						196.07
Vested			(14,785)						193.36
Forfeited			(2,370)						180.97
Unvested at March 31, 2025			68,485						$	180.97

Schedule of Weighted Average Performance Share Units Fair Values and Assumptions

The assumptions used in the Monte Carlo simulation model to determine the fair value of the market condition portion of the performance share units granted in the respective periods were as follows:

			Three Months Ended March 31,
			2025						2024
Weighted average fair value of grants			$232.44						$349.59
Dividend yield			—%						—%
Volatility			22.93%						22.23%
Risk-free interest rate			4.23%						4.45%
Expected life (in years)			2.94						2.94

Schedule of Performance Shares Units Activity

A summary of the Company’s performance share unit activity as of March 31, 2025 and changes during the three months ended March 31, 2025 are presented in the following table:

Performance Share Units			Shares						Weighted-Average Grant Date Fair Value
Unvested at January 1, 2025			72,825						$	299.87
Granted			43,360						216.98
Vested			(15,530)						234.23
Forfeited			(9,110)						241.78
Unvested at March 31, 2025			91,545						$	275.71

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

Total compensation cost related to all share-based awards was as follows:

									Three Months Ended March 31,
															2025						2024
Stock options expense															$	3.2					$	5.4
Restricted stock expense															5.5						2.0
Cash-settled restricted stock expense															0.6						1.9
Performance share units expense															4.9						5.1
Total pre-tax share-based compensation expense(1)															14.2						14.4
Income tax benefit															(1.2)						(0.9)
Total share-based compensation expense, net of income taxes															$	13.0					$	13.5

(1) Pre-tax compensation cost is recognized in the Condensed Consolidated Statements of Income depending on the functional area of the underlying employees. Pre-tax compensation expense of $0.8 million and $0.8 million was recognized in Cost of sales in the Condensed Consolidated Statements of Income during the three months ended March 31, 2025 and 2024, respectively. Pre-tax compensation expense of $14.0 million and $13.6 million was recognized in Selling, general and administrative expenses in the Condensed Consolidated Statements of Income during the three months ended March 31, 2025 and 2024, respectively. Additionally, during the three months ended March 31, 2025, a benefit of $0.6 million was recognized in Restructuring expenses and asset impairments in the Condensed Consolidated Statements of Income related to forfeitures of share-based compensation awards resulting from previously announced restructuring actions initiated during the first quarter.

X

- Definition

Schedule of Share-based Compensation, Unvested Cash-settled Restricted Stock Activity [Table Text Block]

+ References

No definition available.

+ Details

Name:	iex_ScheduleofSharebasedCompensationUnvestedCashsettledRestrictedStockActivityTableTextBlock
Namespace Prefix:	iex_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of Share-based Payment Award, Equity Instruments Other than Options, Valuation Assumptions [Table Text Block]

+ References

No definition available.

+ Details

Name:	iex_ScheduleofSharebasedPaymentAwardEquityInstrumentsOtherthanOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	iex_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for outstanding performance shares.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Subparagraph (c)
-Paragraph 2
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ShareBasedCompensationPerformanceSharesAwardOutstandingActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration