Named Executive Officers, Footnote [Text Block]


									Value of Initial Fixed $100 Investment Based On
Year	Summary Compensation Table Total for PEO		Compensation Actually Paid to PEO (1)		Average Summary Compensation Table Total for non-PEO NEOs (2)		Average Compensation Actually Paid to non-PEO NEOs (2) (3)		Total Shareholder Return		Peer Group Total Shareholder Return (4)		Net Income (5) (in millions)		Adjusted income before income taxes (in millions)
2023	$	6,869,679	$	15,037,969	$	1,694,608	$	3,120,837	$	247	$	192	$	157.4	$	204.9
2022	$	5,651,831	$	7,494,328	$	1,380,407	$	1,714,048	$	148	$	139	$	120.4	$	150.5
2021	$	4,672,213	$	7,323,731	$	1,158,235	$	1,611,497	$	137	$	145	$	100.6	$	128.0
2020	$	4,691,321	$	4,524,136	$	1,213,433	$	1,238,947	$	104	$	116	$	96.2	$	133.3

The Company’s non-PEO NEOs for 2023 and 2022 were Mr. Weber, Mr. Hudson, Ms. Bonina and Ms. Elting. For 2021, the Company’s non-PEO NEOs were Mr. Weber, Mr. Hudson, Daniel A. DuPré (Ms. Bonina’s predecessor as Vice President and General Counsel) and Ms. Elting. For 2020, the Company’s non-PEO NEOs were Mr. Weber, Mr. Hudson, Mr. DuPré and Svetlana Vinokur (who served as Vice President, Treasurer and Corporate Development during 2020).

Peer Group Issuers, Footnote [Text Block]

This peer group represents the S&P 600 Capital Goods Index.

PEO Total Compensation Amount

$ 6,869,679

$ 5,651,831

$ 4,672,213

$ 4,691,321

PEO Actually Paid Compensation Amount

$ 15,037,969

7,494,328

7,323,731

4,524,136

Adjustment To PEO Compensation, Footnote [Text Block]

The following summarizes the amounts deducted from and added to the Summary Compensation Table total for Ms. Sherman, the Company’s PEO, to arrive at Compensation Actually Paid to PEO:


	2023		2022		2021		2020
Summary Compensation Table Total	$	6,869,679	$	5,651,831	$	4,672,213	$	4,691,321
Amounts reported in the Summary Compensation Table as Stock Awards and Option Awards granted during the applicable year which are based on grant date fair values	$	(3,599,988)	$	(3,199,999)	$	(2,899,994)	$	(2,550,000)
Fair value as of the end of the applicable year of equity awards granted during the applicable year which remain outstanding and unvested as of the end of the applicable year (6)	$	5,996,940	$	4,575,494	$	2,917,931	$	3,187,422
Change in fair value during the applicable year of awards granted in prior years that remain outstanding and unvested as of the end of the applicable year (6)	$	4,353,841	$	438,214	$	1,522,577	$	43,953

Change in fair value from the end of the prior applicable year to the vesting date for awards granted in prior years that vested during the applicable year (6)	$	1,454,417	$	28,788	$	1,111,004	$	(761,218)
Aggregate change in actuarial present value of accumulated defined pension benefit	$	(36,920)	$	—	$	—	$	(87,342)
Compensation Actually Paid Total	$	15,037,969	$	7,494,328	$	7,323,731	$	4,524,136

Non-PEO NEO Average Total Compensation Amount

$ 1,694,608

1,380,407

1,158,235

1,213,433

Non-PEO NEO Average Compensation Actually Paid Amount

$ 3,120,837

1,714,048

1,611,497

1,238,947

Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

The following summarizes the amounts deducted from and added to the Average Summary Compensation Table total for our non-PEO NEOs to arrive at Average Compensation Actually Paid to non-PEO NEOs:


	2023		2022		2021		2020
Summary Compensation Table Total	$	1,694,608	$	1,380,407	$	1,158,235	$	1,213,433
Amounts reported in the Summary Compensation Table as Stock Awards and Option Awards granted during the applicable year which are based on grant date fair values	$	(651,244)	$	(606,243)	$	(520,989)	$	(494,996)
Fair value as of the end of the applicable year of equity awards granted during the applicable year which remain outstanding and unvested as of the end of the applicable year (6)	$	1,084,865	$	863,724	$	524,212	$	618,729
Change in fair value during the applicable year of awards granted in prior years that remain outstanding and unvested as of the end of the applicable year (6)	$	761,118	$	64,775	$	269,604	$	7,410

Change in fair value from the end of the prior applicable year to the vesting date for awards granted in prior years that vested during the applicable year (6)	$	231,490	$	11,385	$	180,435	$	(105,629)

Compensation Actually Paid Total	$	3,120,837	$	1,714,048	$	1,611,497	$	1,238,947

Equity Valuation Assumption Difference, Footnote [Text Block]

In recomputing the fair value of equity awards, the Company used the same methodology as that which was used to initially determine fair value for financial reporting purposes. The fair value of stock options was determined using a Black-Scholes option pricing model. The fair value of PSUs was determined using either the Company’s closing stock price as of the applicable date, or a Monte Carlo simulation model, as applicable. The fair value of restricted stock was determined using the Company’s closing stock price as of the applicable date. The primary driver of the increase in fair value of outstanding equity awards from the amounts initially reported in the Summary Compensation Table was the increase in the Company’s stock price.

Compensation Actually Paid vs. Total Shareholder Return [Text Block]

On an enterprise level, we set aggressive performance metrics for performance awards. Over the three-year period from 2021 to 2023, our total stockholder return was 137%, which represents a 108% higher return than that of the S&P 600 Capital Goods Index over the same period. As a result, consistent with our pay-for-performance philosophy, the PSUs initially granted to NEOs in 2021, which were tied to the same three-year period, were earned at 132% of target in 2023.

•The following graph compares the cumulative total return to stockholders of the Company’s common stock relative to the cumulative total return of the S&P 600 Capital Goods Index over the four-year period from 2020 to 2023. The graph assumes that the value of the investment in the Company’s common stock, and in each index, was $100 on December 31, 2019 and assumes reinvestment of all dividends through December 31, 2023:

Compensation Actually Paid vs. Net Income [Text Block]

Although Net income and the relationship between Net income and compensation actually paid are disclosed herein, we do not use Net income as a financial-based metric in determining compensation levels or incentive plan payouts. Over the four-year period from 2020 to 2023, compensation actually paid to our PEO and the average compensation paid to non-PEO NEOs have generally aligned with the changes in our key financial performance metrics, as indicated in the graph below:

Tabular List [Table Text Block]


Adjusted income before income taxes*			Used as a key financial metric in the Company’s STIP program for 2023 (representing 60% of each NEOs’ total bonus opportunity); calculated by taking GAAP income before income taxes and adjusting for any unusual or nonrecurring items that were not contemplated in the annual target setting process (i.e., acquisition and integration-related expenses, environmental charges of a discontinued operation and purchase accounting effects in 2023).
Adjusted EBITDA margin*			Used as a key financial metric in the Company’s STIP program for 2023 (representing 20% of each NEOs’ total bonus opportunity); calculated by taking the sum of GAAP net income, interest expense, depreciation and amortization expense, other income/expense, income tax expense/benefit and any unusual or nonrecurring items that were not contemplated in the annual target setting process (i.e., acquisition and integration-related expenses and purchase accounting effects in 2023), and dividing the total by net sales for the applicable period. Important metric when communicating with investors and other key stakeholders.
Adjusted earnings per share (“EPS”)*			Calculated by taking GAAP net income, adjusted for any unusual or nonrecurring items that were not contemplated in the annual target setting process (i.e., acquisition and integration-related expenses, environmental charges of a discontinued operation and purchase accounting effects in 2023), and dividing the total by the weighted average diluted shares outstanding for the applicable period. Used as a key financial metric in NEOs’ LTIP awards, where 75% of the financial target is based on cumulative EPS over the applicable three-year performance period.
Return on invested capital (“ROIC”)*			Calculated as net operating profit after taxes, divided by total invested capital for the applicable period. Used as a key financial metric in NEOs’ LTIP awards, where 25% of the financial target is based on average ROIC over the applicable three-year performance period.

Total Shareholder Return Amount

$ 247,000,000

148,000,000

137,000,000

104,000,000

Peer Group Total Shareholder Return Amount

192,000,000

139,000,000

145,000,000

116,000,000

Net Income (Loss)

$ 157,400,000

$ 120,400,000

$ 100,600,000

$ 96,200,000

Company Selected Measure Amount

204,900,000

150,500,000

128,000,000.0

133,300,000

Additional 402(v) Disclosure [Text Block]

For the year ended December 31, 2023, the Company generated adjusted income before income taxes of $204.9 million, which was $37.3 million, or 22%, ahead of the target for the year set for annual cash-based incentive purposes, and $19.7 million, or 11%, above the maximum payout level. On a year-over-year basis, the adjusted income before income taxes generated by the Company was up $54.4 million, or 36%. As a result, each of our NEOs earned 200% of target under the Earnings component of the 2023 STIP. For the year ended December 31, 2023, the Company generated an adjusted EBITDA margin of 16.6%, which was 180 basis points ahead of the target for the year set for annual cash-based incentive purposes, and 60 basis points above the 16.0% required to achieve the maximum payout level. On a year-over-year basis, the adjusted EBITDA margin generated by the Company was up 160 basis points. As a result, each of our NEOs earned 200% of target under the EBITDA margin component of the 2023 STIP. In recognition for their contributions to the Company during 2023, and performance against their individual objectives for the year, each of our NEOs earned the maximum level of achievement under the individual objective component of the 2023 STIP.

Measure [Axis]: 1

Adjusted income before income taxes*

Used as a key financial metric in the Company’s STIP program for 2023 (representing 60% of each NEOs’ total bonus opportunity); calculated by taking GAAP income before income taxes and adjusting for any unusual or nonrecurring items that were not contemplated in the annual target setting process (i.e., acquisition and integration-related expenses, environmental charges of a discontinued operation and purchase accounting effects in 2023).

Measure [Axis]: 2

Adjusted EBITDA margin*

Used as a key financial metric in the Company’s STIP program for 2023 (representing 20% of each NEOs’ total bonus opportunity); calculated by taking the sum of GAAP net income, interest expense, depreciation and amortization expense, other income/expense, income tax expense/benefit and any unusual or nonrecurring items that were not contemplated in the annual target setting process (i.e., acquisition and integration-related expenses and purchase accounting effects in 2023), and dividing the total by net sales for the applicable period. Important metric when communicating with investors and other key stakeholders.

Measure [Axis]: 3

Adjusted earnings per share (“EPS”)*

Calculated by taking GAAP net income, adjusted for any unusual or nonrecurring items that were not contemplated in the annual target setting process (i.e., acquisition and integration-related expenses, environmental charges of a discontinued operation and purchase accounting effects in 2023), and dividing the total by the weighted average diluted shares outstanding for the applicable period. Used as a key financial metric in NEOs’ LTIP awards, where 75% of the financial target is based on cumulative EPS over the applicable three-year performance period.

Measure [Axis]: 4

Return on invested capital (“ROIC”)*

PEO [Member] | Adjustment To The Amounts Reported In The Summary Compensation Table As Stock Awards And Option Awards Granted During The Year Which Are Based On Grant Date Fair Values [Member]

Calculated as net operating profit after taxes, divided by total invested capital for the applicable period. Used as a key financial metric in NEOs’ LTIP awards, where 25% of the financial target is based on average ROIC over the applicable three-year performance period.

Adjustment to Compensation Amount

$ (3,599,988)

$ (3,199,999)

$ (2,899,994)

$ (2,550,000)

PEO [Member] | Adjustment To Fair Value Of Equity Awards Granted During The Year Which Remain Outstanding And Unvested At The End Of The year [Member]