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Business Segment, Geographic Area, Product Information and Significant Customer Information (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Net Revenues, Assets and Goodwill by Reportable Segment | The following table sets forth net revenues by reportable segment:
|  | Years Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Vacuum & Analysis |  | $ | 1,861.5 |  |  | $ | 1,405.9 |  |  | $ | 990.5 |
Light & Motion |  |  | 813.4 |  |  |  | 689.6 |  |  |  | 725.6 |
Equipment & Solutions |  |  | 274.7 |  |  |  | 234.5 |  |  |  | 183.7 |
|  | $ | 2,949.6 |  |  | $ | 2,330.0 |  |  | $ | 1,899.8 |
The following table sets forth segment assets by reportable segment:
|  | Accounts Receivable |  |  | Inventory |  |  | Total |
December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |
Vacuum & Analysis |  | $ | 285.4 |  |  | $ | 338.9 |  |  | $ | 624.3 |
Light & Motion |  |  | 146.2 |  |  |  | 177.3 |  |  |  | 323.5 |
Equipment & Solutions |  |  | 36.3 |  |  |  | 61.5 |  |  |  | 97.8 |
Corporate, Eliminations & Other |  |  | (25.3 | ) |  |  | (1.0 | ) |  |  | (26.3 | )
Total segment assets |  | $ | 442.6 |  |  | $ | 576.7 |  |  | $ | 1,019.3 |
|  | Accounts Receivable |  |  | Inventory |  |  | Total |
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Vacuum & Analysis |  | $ | 229.1 |  |  | $ | 273.3 |  |  | $ | 502.4 |
Light & Motion |  |  | 122.6 |  |  |  | 166.1 |  |  |  | 288.7 |
Equipment & Solutions |  |  | 51.7 |  |  |  | 63.7 |  |  |  | 115.4 |
Corporate, Eliminations & Other |  |  | (10.7 | ) |  |  | (1.7 | ) |  |  | (12.4 | )
Total segment assets |  | $ | 392.7 |  |  | $ | 501.4 |  |  | $ | 894.1 |
Goodwill associated with each of the Company’s reportable segments is as follows:
|  | December 31, |
|  | 2021 |  |  | 2020 |
Vacuum & Analysis |  | $ | 195.2 |  |  | $ | 196.2 |
Light & Motion |  |  | 558.1 |  |  |  | 395.3 |
Equipment & Solutions |  |  | 474.9 |  |  |  | 474.9 |
Total goodwill |  | $ | 1,228.2 |  |  | $ | 1,066.4 |
Reconciliation of Segment Gross Profit to Consolidated Net Income | The following table sets forth a reconciliation of segment gross profit to consolidated net income:
|  | Years Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Gross profit by reportable segment: |  |  |  |  |  |  |  |  |  |  |  |
Vacuum & Analysis |  | $ | 867.8 |  |  | $ | 633.7 |  |  | $ | 426.4 |
Light & Motion |  |  | 384.8 |  |  |  | 309.8 |  |  |  | 336.8 |
Equipment & Solutions |  |  | 127.6 |  |  |  | 106.0 |  |  |  | 67.2 |
Total gross profit by reportable segment |  |  | 1,380.2 |  |  |  | 1,049.5 |  |  |  | 830.4 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |
Research and development |  |  | 200.0 |  |  |  | 173.1 |  |  |  | 164.1 |
Selling, general and administrative |  |  | 385.1 |  |  |  | 353.1 |  |  |  | 330.3 |
Acquisition and integration costs |  |  | 29.8 |  |  |  | 3.8 |  |  |  | 37.3 |
Restructuring and other |  |  | 11.1 |  |  |  | 9.4 |  |  |  | 7.0 |
Amortization of intangible assets |  |  | 55.3 |  |  |  | 55.2 |  |  |  | 67.4 |
Asset impairment |  |  | — |  |  |  | 2.3 |  |  |  | 4.7 |
COVID-19 related net credits |  |  | — |  |  |  | (1.2 | ) |  |  | — |
Fees and expenses related to repricing of Term Loan Facility |  |  | — |  |  |  | — |  |  |  | 6.6 |
Gain on sale of long-lived assets |  |  | — |  |  |  | — |  |  |  | (6.8 | )
Income from operations |  |  | 698.9 |  |  |  | 453.8 |  |  |  | 219.8 |
Interest income |  |  | 0.6 |  |  |  | 1.4 |  |  |  | 5.4 |
Interest expense |  |  | 25.4 |  |  |  | 29.1 |  |  |  | 44.1 |
Other expense, net |  |  | 8.6 |  |  |  | 3.1 |  |  |  | 3.3 |
Income before income taxes |  |  | 665.5 |  |  |  | 423.0 |  |  |  | 177.8 |
Provision for income taxes |  |  | 114.1 |  |  |  | 72.9 |  |  |  | 37.4 |
Net income |  | $ | 551.4 |  |  | $ | 350.1 |  |  | $ | 140.4 |
Schedule of Capital Expenditures, Depreciation and Amortization Expense of Intangible Assets by Reportable Segment | The following table set forth capital expenditures by reportable segment:
|  | Years Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Vacuum & Analysis |  | $ | 36.6 |  |  | $ | 36.0 |  |  | $ | 34.1 |
Light & Motion |  |  | 37.1 |  |  |  | 32.1 |  |  |  | 23.0 |
Equipment & Solutions |  |  | 13.0 |  |  |  | 16.8 |  |  |  | 6.8 |
Total capital expenditures |  | $ | 86.7 |  |  | $ | 84.9 |  |  | $ | 63.9 |
The following table sets forth depreciation and amortization by reportable segment:
|  | Years Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Vacuum & Analysis |  | $ | 22.9 |  |  | $ | 20.3 |  |  | $ | 16.8 |
Light & Motion |  |  | 46.0 |  |  |  | 43.2 |  |  |  | 53.9 |
Equipment & Solutions |  |  | 35.2 |  |  |  | 35.7 |  |  |  | 39.3 |
Total depreciation and amortization |  | $ | 104.1 |  |  | $ | 99.2 |  |  | $ | 110.0 |
Reconciliation of Segment Assets to Consolidated Total Assets | The following is a reconciliation of segment assets to consolidated total assets:
|  | December 31, |
|  | 2021 |  |  | 2020 |
Total segment assets |  | $ | 1,019.3 |  |  | $ | 894.1 |
Cash and cash equivalents and short-term investments |  |  | 1,042.7 |  |  |  | 836.0 |
Other current assets |  |  | 85.3 |  |  |  | 74.3 |
Property, plant and equipment, net |  |  | 325.3 |  |  |  | 284.3 |
Right-of-use assets |  |  | 184.3 |  |  |  | 184.4 |
Goodwill and intangible assets, net |  |  | 1,804.2 |  |  |  | 1,578.6 |
Other assets and long-term assets |  |  | 79.2 |  |  |  | 52.1 |
Consolidated total assets |  | $ | 4,540.3 |  |  | $ | 3,903.8 |
Schedule of Net Revenues and Long-Lived Assets by Geographic Regions | Intercompany sales between geographic areas are at tax transfer prices and have been eliminated from consolidated net revenues.
|  | Years Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |
North America (1) |  | $ | 1,271.8 |  |  | $ | 1,058.9 |  |  | $ | 888.4 |
South Korea |  |  | 385.8 |  |  |  | 278.8 |  |  |  | 167.7 |
China |  |  | 355.1 |  |  |  | 273.5 |  |  |  | 178.6 |
Taiwan |  |  | 197.7 |  |  |  | 113.8 |  |  |  | 95.4 |
Japan |  |  | 196.8 |  |  |  | 163.2 |  |  |  | 143.1 |
Other Asia |  |  | 310.4 |  |  |  | 242.6 |  |  |  | 197.3 |
Europe |  |  | 232.0 |  |  |  | 199.2 |  |  |  | 229.3 |
|  | $ | 2,949.6 |  |  | $ | 2,330.0 |  |  | $ | 1,899.8 |
(1) | North America includes the United States and an immaterial amount from Canada.
|  | December 31, |
|  | 2021 |  |  | 2020 |
Long-lived assets: (1) |  |  |  |  |  |  |  |
North America (2) |  | $ | 425.2 |  |  | $ | 364.0 |
Asia |  |  | 105.7 |  |  |  | 94.8 |
Europe |  |  | 35.6 |  |  |  | 45.1 |
|  | $ | 566.5 |  |  | $ | 503.9 |
(1) | Long-lived assets include property, plant and equipment, net, right-of-use assets, and certain other assets, and exclude goodwill, intangible assets and long-term tax-related accounts. The increase in long-lived assets in North America for 2021 primarily relates to the Photon Control Acquisition.
(2) | North America includes the United States and an immaterial amount from Canada.

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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