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Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022, 2021 and 2020 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, 2022:
Sales to external customers			$2,518,000						$	1,097,120					$	3,615,120					$	—					$	3,615,120
Intersegment sales			4,508						3,489						7,997						(7,997)						—
Segment operating income (loss)			207,957						113,417						321,374						(124,155)						197,219
Depreciation and amortization			49,654						18,931						68,585						22,368						90,953
Identifiable assets			3,110,733						1,269,690						4,380,423						410,211						4,790,634
Capital expenditures			34,295						17,178						51,473						24,814						76,287

															Subtotal—Reportable Segments						Eliminations and All Other						Consolidated Total
			FPD						FCD
			(Amounts in thousands)
Year Ended December 31, 2021:
Sales to external customers			$2,468,098						$	1,072,962					$	3,541,060					$	—					$	3,541,060
Intersegment sales			2,750						2,924						5,674						(5,674)						—
Segment operating income (loss)			243,203						119,651						362,854						(92,095)						270,759
Depreciation and amortization			51,094						21,286						72,380						27,442						99,822
Identifiable assets			2,927,346						1,223,316						4,150,662						599,106						4,749,768
Capital expenditures			21,575						12,283						33,858						21,078						54,936

															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

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, 2022
			Sales						Percentage						Long-Lived Assets						Percentage
			(Amounts in thousands, except percentages)
United States			$	1,536,961					42.5		%				$	412,896					46.6		%
EMA(1)			1,210,436						33.5		%				274,511						30.9		%
Asia(2)			524,952						14.5		%				144,206						16.2		%
Other(3)			342,771						9.5		%				56,132						6.3		%
Consolidated total			$	3,615,120					100.0		%				$	887,745					100.0		%

			Year Ended December 31, 2021
			Sales						Percentage						Long-Lived Assets						Percentage
			(Amounts in thousands, except percentages)
United States			$	1,376,771					38.9		%				$	476,176					49.2		%
EMA(1)			1,270,326						35.9		%				298,426						30.8		%
Asia(2)			557,314						15.7		%				141,810						14.6		%
Other(3)			336,649						9.5		%				51,688						5.4		%
Consolidated total			$	3,541,060					100.0		%				$	968,100					100.0		%

			Year Ended December 31, 2020
			Sales						Percentage						Long-Lived Assets						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		%

___________________________________    

(1)"EMA" includes Europe, the Middle East and Africa. U. K. accounted for approximately 10% for 2022, 10% for 2021 and 9% for 2020, 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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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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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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