XML 105 R39.htm IDEA: XBRL DOCUMENT
v3.25.2

Share-Based Compensation (Tables) | 6 Months Ended
--- | ---
Jun. 30, 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 June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Weighted average fair value of grants | n/a |  | $62.41 |  | $46.74 |  | $63.72
Dividend yield | n/a |  | 1.13% |  | 1.41% |  | 1.09%
Volatility | n/a |  | 26.43% |  | 23.06% |  | 26.67%
Risk-free interest rate | n/a |  | 4.42% |  | 4.28% |  | 4.31%
Expected life (in years) | n/a |  | 4.60 |  | 4.70 |  | 4.60
Schedule of Stock Option Activity | A summary of the Company’s stock option activity as of June 30, 2025 and changes during the six months ended June 30, 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 | (18,376) |  |  | 139.06 |  |  |  |  |
Forfeited | (55,675) |  |  | 213.62 |  |  |  |  |
Outstanding at June 30, 2025 | 1,007,275 |  |  | $ | 192.07 |  |  | 6.35 |  | $ | 8.9 |
Vested and expected to vest as of June 30, 2025 | 992,870 |  |  | $ | 191.56 |  |  | 6.32 |  | $ | 8.9 |
Exercisable at June 30, 2025 | 696,076 |  |  | $ | 180.96 |  |  | 5.44 |  | $ | 8.9 |
Schedule of Restricted Stock Activity | A summary of the Company’s restricted stock activity as of June 30, 2025 and changes during the six months ended June 30, 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 | 84,570 |  |  | 194.02 |
Vested | (27,327) |  |  | 197.18 |
Forfeited | (18,177) |  |  | 206.11 |
Unvested at June 30, 2025 | 215,057 |  |  | $ | 198.53 |
Schedule of Unvested Cash-settled Restricted Stock Activity | A summary of the Company’s unvested cash-settled restricted stock activity as of June 30, 2025 and changes during the six months ended June 30, 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 | 30,490 |  |  | 195.99 |
Vested | (15,020) |  |  | 192.90 |
Forfeited | (3,832) |  |  | 175.57 |
Unvested at June 30, 2025 | 67,033 |  |  | $ | 175.57 |
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:
| Six Months Ended June 30,
| 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 June 30, 2025 and changes during the six months ended June 30, 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 | (15,320) |  |  | 256.31 |
Unvested at June 30, 2025 | 85,335 |  |  | $ | 275.57 |
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 June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Stock options expense | $ | 1.1 |  |  | $ | 1.5 |  |  | $ | 4.3 |  |  | $ | 6.9 |
Restricted stock expense | 3.3 |  |  | 2.1 |  |  | 8.8 |  |  | 4.1
Cash-settled restricted stock expense | 0.6 |  |  | (0.3) |  |  | 1.2 |  |  | 1.6
Performance share units expense | 0.8 |  |  | 0.8 |  |  | 5.7 |  |  | 5.9
Total pre-tax share-based compensation expense(1) | 5.8 |  |  | 4.1 |  |  | 20.0 |  |  | 18.5
Income tax benefit | (1.2) |  |  | (0.7) |  |  | (2.4) |  |  | (1.6) |
Total share-based compensation expense, net of income taxes | $ | 4.6 |  |  | $ | 3.4 |  |  | $ | 17.6 |  |  | $ | 16.9 |
(1) Pre-tax compensation cost is recognized in the Condensed Consolidated Statements of Income depending on the functional area of the underlying employees, as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Cost of sales | $ | 0.3 |  |  | $ | 0.2 |  |  | $ | 1.1 |  |  | $ | 1.0 |
Selling, general and administrative expenses | 5.5 |  |  | 3.9 |  |  | 19.5 |  |  | 17.5
Restructuring expenses and asset impairments(2) | — |  |  | — |  |  | (0.6) |  |  | — |
Total pre-tax share-based compensation expense | $ | 5.8 |  |  | $ | 4.1 |  |  | $ | 20.0 |  |  | $ | 18.5 |
(2) During the six months ended June 30, 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-types: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-types: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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + 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