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v3.25.1

Segment Information | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Segment Information | BUSINESS SEGMENT INFORMATION The following is a summary of the financial information of the reportable segments reconciled to the amounts reported in the condensed consolidated financial statements:
| Three Months Ended March 31, 2025
(Amounts in thousands) | FPD |  | FCD |  | Subtotal–Reportable Segments |  | Eliminations and All Other |  | Consolidated Total
Sales to external customers | $ | 781,489 |  |  | $ | 363,054 |  |  | $ | 1,144,543 |  |  | $ | — |  |  | $ | 1,144,543 |
Intersegment sales | 1,651 |  |  | 1,052 |  |  | 2,703 |  |  | (2,703) |  |  | — |
Cost of Sales | (514,678) |  |  | (263,919) |  |  | (778,597) |  |  |  |  |
Selling, general and administrative expense | (137,680) |  |  | (68,705) |  |  | (206,385) |  |  |  |  |
Other Segment items (1) | 5,732 |  |  | — |  |  | 5,732 |  |  |  |  |
Segment operating income | 136,515 |  |  | 31,482 |  |  | 167,997 |  |  |  |  |
Depreciation and amortization | 9,795 |  |  | 9,743 |  |  | 19,538 |  |  | 4,864 |  |  | 24,402 |
Identifiable assets | 3,159,095 |  |  | 1,770,584 |  |  | 4,929,679 |  |  | 553,619 |  |  | 5,483,298 |
Capital expenditures | 6,944 |  |  | 2,296 |  |  | 9,240 |  |  | 2,498 |  |  | 11,738 |
| Three Months Ended March 31, 2024
| FPD |  | FCD |  | Subtotal–Reportable Segments |  | Eliminations and All Other |  | Consolidated Total
Sales to external customers | $ | 768,763 |  |  | $ | 318,716 |  |  | $ | 1,087,479 |  |  | $ | — |  |  | $ | 1,087,479 |
Intersegment sales | 637 |  |  | 1,802 |  |  | 2,439 |  |  | (2,439) |  |  | — |
Cost of Sales | (521,462) |  |  | (227,823) |  |  | $ | (749,285) |  |  |  |  |
Selling, general and administrative expense | (139,710) |  |  | (57,987) |  |  | (197,697) |  |  |  |  |
Other Segment items (1) | 2,666 |  |  | — |  |  | $ | 2,666 |  |  |  |  |
Segment operating income | 110,894 |  |  | 34,708 |  |  | 145,602 |  |  |  |  |
Depreciation and amortization | 11,425 |  |  | 4,953 |  |  | 16,378 |  |  | 5,202 |  |  | 21,580 |
Identifiable assets | 3,231,614 |  |  | 1,333,677 |  |  | 4,565,291 |  |  | 584,634 |  |  | 5,149,925 |
Capital expenditures | 9,823 |  |  | 2,327 |  |  | 12,150 |  |  | 1,460 |  |  | 13,610 |
__________________ (1) Other Segment items comprises Net Earnings from Affiliates. The following are reconciliations from total segment operating income to earnings before income tax reported in the condensed consolidated income statements.
| Three Months Ended March 31,
| 2025 |  | 2024
| (Amounts in thousands)
Total segment operating income (loss) | $ | 167,997 |  |  | $ | 145,602 |
Intersegment sales | (2,703) |  |  | (2,439) |
Eliminations and all other cost of sales | 3,387 |  |  | 774 |
Eliminations and all other SG&A | (36,792) |  |  | (30,721) |
Interest expense | (19,175) |  |  | (15,317) |
Interest income | 1,745 |  |  | 1,169 |
Net earnings (loss) from affiliates | — |  |  | (137) |
Other income (expense), net | (17,259) |  |  | (874) |
Earnings before income taxes | 97,200 |  |  | 98,057 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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