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Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Summarized Financial Information of Reportable Segments

The following is a summary of the financial information of our reportable segments as of and for the years ended December 31, 2020, 2019 and 2018 reconciled to the amounts reported in the consolidated financial statements.

															Subtotal—Reportable Segments						Eliminations and All Other						Consolidated Total
			FPD						FCD
			(Amounts in thousands)
Year Ended December 31, 2020:
Sales to external customers			$2,673,705						$	1,054,429					$	3,728,134					$	—					$	3,728,134
Intersegment sales			1,965						3,120						5,085						(5,085)						—
Segment operating income (loss)			270,960						125,573						396,533						(146,256)						250,277
Depreciation and amortization			52,390						21,949						74,339						26,414						100,753
Identifiable assets			3,039,069						1,308,136						4,347,205						967,472						5,314,677
Capital expenditures			21,714						14,043						35,757						21,648						57,405

															Subtotal—Reportable Segments						Eliminations and All Other						Consolidated Total
			FPD						FCD
			(Amounts in thousands)
Year Ended December 31, 2019:
Sales to external customers			$2,704,445						$	1,235,252					$	3,939,697					$	—					$	3,939,697
Intersegment sales			1,833						3,631						5,464						(5,464)						—
Segment operating income (loss)			343,514						191,945						535,459						(148,836)						386,623
Depreciation and amortization			50,845						23,577						74,422						31,482						105,904
Identifiable assets			2,974,161						1,333,926						4,308,087						630,190						4,938,277
Capital expenditures			26,450						14,449						40,899						34,817						75,716

															Subtotal—Reportable Segments						Eliminations and All Other						Consolidated Total
			FPD						FCD
			(Amounts in thousands)
Year Ended December 31, 2018:
Sales to external customers			$	2,620,488					$	1,215,211					$	3,835,699					$	—					$	3,835,699
Intersegment sales			2,816						3,637						6,453						(6,453)						—
Segment operating income (loss)			200,981						204,250						405,231						(177,530)						227,701
Depreciation and amortization			68,148						26,585						94,733						17,740						112,473
Identifiable assets			2,768,879						1,269,435						4,038,314						611,055						4,649,369
Capital expenditures			40,648						14,458						55,106						28,887						83,993

Schedule of Sales and Long-lived Assets by Geographic Area

Sales and long-lived assets by geographic area are as follows:

			Year Ended December 31, 2020
			Sales						Percentage						Long-Lived Assets(a)						Percentage
			(Amounts in thousands, except percentages)
United States			$	1,463,680					39.3		%				$	455,622					46.2		%
EMA(1)			1,385,245						37.2		%				336,577						34.1		%
Asia(2)			535,440						14.4		%				138,947						14.1		%
Other(3)			343,769						9.1		%				55,278						5.6		%
Consolidated total			$	3,728,134					100.0		%				$	986,424					100.0		%

			Year Ended December 31, 2019
			Sales						Percentage						Long-Lived Assets						Percentage
			(Amounts in thousands, except percentages)
United States			$	1,632,582					41.4		%				$	481,474					48.0		%
EMA(1)			1,397,308						35.5		%				312,668						31.2		%
Asia(2)			551,759						14.0		%				143,848						14.3		%
Other(3)			358,048						9.1		%				64,846						6.5		%
Consolidated total			$	3,939,697					100.0		%				$	1,002,836					100.0		%

			Year Ended December 31, 2018
			Sales						Percentage						Long-Lived Assets						Percentage
			(Amounts in thousands, except percentages)
United States			$	1,528,963					39.9		%				$	353,767					42.6		%
EMA(1)			1,424,498						37.1		%				280,549						33.8		%
Asia(2)			539,898						14.1		%				132,667						16.0		%
Other(3)			342,340						8.9		%				63,161						7.6		%
Consolidated total			$	3,835,699					100.0		%				$	830,144					100.0		%

___________________________________    

(1)"EMA" includes Europe, the Middle East and Africa. Germany accounted for approximately 7% for 2020, 6% for 2019 and 7% in 2018, of consolidated long-lived assets. No other individual country within this group represents 10% or more of consolidated totals for any period presented.

(2)"Asia" includes Asia and Australia. No individual country within this group represents 10% or more of consolidated totals for any period presented.

(3)"Other" includes Canada and Latin America. No individual country within this group represents 10% or more of consolidated totals for any period presented.

X

- 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

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-Name Accounting Standards Codification
-Topic 280
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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.

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