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v3.22.4

Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Schedule of Reportable Segment Information | Reportable segment information is presented in the following table:
(In thousands) | Americas |  | International |  | Corporate |  | Reconciling Items(1) |  | Consolidated Totals
2022 |  |  |  |  |  |  |  |  |
Net sales to external customers | $ | 1,043,238 |  |  | $ | 484,715 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,527,953 |
Operating income |  |  |  |  |  |  |  |  | 239,137 |
Restructuring charges (Note 3) |  |  |  |  |  |  |  |  | 7,965 |
Currency exchange losses, net (Note 6) |  |  |  |  |  |  |  |  | 10,255 |
Product liability expense (Note 20) |  |  |  |  |  |  |  |  | 20,590 |
Acquisition related costs(a) (Note 14) |  |  |  |  |  |  |  |  | 12,440 |
Adjusted operating income (loss) | 267,392 |  |  | 60,923 |  |  | (37,928) |  |  |  |  | 290,387 |
Adjusted operating margin % | 25.6 | % |  | 12.6 | % |  |  |  |  |  |
Depreciation and amortization | 34,334 |  |  | 12,256 |  |  | 520 |  |  |  |  | 47,110 |
Adjusted EBITDA | 301,726 |  |  | 73,179 |  |  | (37,408) |  |  |  |  | 337,497 |
Adjusted EBITDA margin % | 28.9 | % |  | 15.1 | % |  |  |  |  |  |
Noncash items: |  |  |  |  |  |  |  |  |
Pension (income) expense | $ | (18,368) |  |  | $ | 6,869 |  |  | $ | — |  |  | $ | — |  |  | $ | (11,499) |
Total Assets | 1,660,776 |  |  | 703,444 |  |  | 11,673 |  |  | 1,083 |  |  | 2,376,976 |
Capital expenditures | 33,324 |  |  | 9,229 |  |  | — |  |  | — |  |  | 42,553 |
2021 |  |  |  |  |  |  |  |  |
Net sales to external customers | $ | 908,068 |  |  | $ | 492,114 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,400,182 |
Operating income |  |  |  |  |  |  |  |  | 22,780 |
Restructuring charges (Note 3) |  |  |  |  |  |  |  |  | 16,433 |
Currency exchange losses, net (Note 6) |  |  |  |  |  |  |  |  | 216 |
Product liability expense (Note 20) |  |  |  |  |  |  |  |  | 185,264 |
Acquisition related costs(a) (Note 14) |  |  |  |  |  |  |  |  | 15,884 |
Adjusted operating income (loss) | 202,496 |  |  | 73,279 |  |  | (35,198) |  |  | — |  |  | 240,577 |
Adjusted operating margin % | 22.3 | % |  | 14.9 | % |  |  |  |  |  |
Depreciation and amortization | 31,236 |  |  | 13,718 |  |  | 463 |  |  | — |  |  | 45,417 |
Adjusted EBITDA | 233,732 |  |  | 86,997 |  |  | (34,735) |  |  | — |  |  | 285,994 |
Adjusted EBITDA margin % | 25.7 | % |  | 17.7 | % |  |  |  |  |  |
Noncash items: |  |  |  |  |  |  |  |  |
Pension (income) expense | $ | (2,916) |  |  | $ | 5,790 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,874 |
Total Assets | 1,661,619 |  |  | 720,257 |  |  | 13,034 |  |  | 1,486 |  |  | 2,396,396 |
Capital expenditures | 25,148 |  |  | 11,408 |  |  | 7,281 |  |  | — |  |  | 43,837 |
2020 |  |  |  |  |  |  |  |  |
Net sales to external customers | $ | 874,305 |  |  | $ | 473,918 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,348,223 |
Operating income |  |  |  |  |  |  |  |  | 171,895 |
Restructuring charges (Note 3) |  |  |  |  |  |  |  |  | 27,381 |
Currency exchange losses, net (Note 6) |  |  |  |  |  |  |  |  | 8,578 |
Product liability expense (Note 20) |  |  |  |  |  |  |  |  | 39,036 |
Acquisition related costs(a) (Note 14) |  |  |  |  |  |  |  |  | 717 |
COVID-19 related costs |  |  |  |  |  |  |  |  | 757 |
Adjusted operating income (loss) | 205,304 |  |  | 71,140 |  |  | (28,080) |  |  | — |  |  | 248,364 |
Adjusted operating margin % | 23.5 | % |  | 15.0 | % |  |  |  |  |  |
Depreciation and amortization | 26,762 |  |  | 12,521 |  |  | 391 |  |  | — |  |  | 39,674 |
Adjusted EBITDA | 232,066 |  |  | 83,661 |  |  | (27,689) |  |  | — |  |  | 288,038 |
Adjusted EBITDA margin % | 26.5 | % |  | 17.7 | % |  |  |  |  |  |
Noncash items: |  |  |  |  |  |  |  |  |
Pension expense | $ | 910 |  |  | $ | 8,113 |  |  | $ | — |  |  | $ | — |  |  | $ | 9,023 |
Total Assets | 1,273,302 |  |  | 617,698 |  |  | 29,761 |  |  | (1,130) |  |  | 1,919,631 |
Capital expenditures | 43,181 |  |  | 5,724 |  |  | — |  |  | — |  |  | 48,905 |
(a)Acquisition related costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during due diligence and integration. These costs are included in Selling, general and administrative expense in the Consolidated Statements of Income. Acquisition-related costs also include the acquisition related amortization, which is included in Cost of products sold in the Consolidated Statements of Income. (1)Reconciling items consist primarily of intercompany eliminations and items not directly attributable to operating segments.
Schedule of Geographic Information on Net Sales | Geographic information on Net sales to external customers, based on country of origin:
(In thousands) | 2022 |  | 2021 |  | 2020
United States | $ | 876,945 |  |  | $ | 746,825 |  |  | $ | 750,315 |
Other | 651,008 |  |  | 653,357 |  |  | 597,908 |
Total | $ | 1,527,953 |  |  | $ | 1,400,182 |  |  | $ | 1,348,223 |
Schedule of Geographic Information on Tangible Long-Lived Assets | Geographic information on tangible long-lived assets, net, based on country of origin:
(In thousands) | 2022 |  | 2021 |  | 2020
United States | $ | 159,345 |  |  | $ | 155,667 |  |  | $ | 134,234 |
Other | 92,349 |  |  | 102,304 |  |  | 108,837 |
Total | $ | 251,694 |  |  | $ | 257,971 |  |  | $ | 243,071 |
Schedule of Net Sales by Product Group | Total Net sales by product group was as follows:
2022 | Consolidated |  | Americas |  | International
(In thousands) | Dollars | Percent |  | Dollars | Percent |  | Dollars | Percent
Breathing Apparatus | $ | 371,176 |  | 24% |  | $ | 265,558 |  | 25% |  | $ | 105,618 |  | 22%
Fixed Gas & Flame Detection (a) | 356,075 |  | 23% |  | 227,609 |  | 22% |  | 128,466 |  | 27%
Firefighter Helmets & Protective Apparel (b) | 207,759 |  | 14% |  | 150,869 |  | 14% |  | 56,890 |  | 12%
Portable Gas Detection | 173,660 |  | 11% |  | 121,934 |  | 12% |  | 51,726 |  | 11%
Industrial Head Protection | 163,253 |  | 11% |  | 127,485 |  | 12% |  | 35,768 |  | 7%
Fall Protection | 110,094 |  | 7% |  | 69,225 |  | 7% |  | 40,869 |  | 8%
Other (c) | 145,936 |  | 10% |  | 80,558 |  | 8% |  | 65,378 |  | 13%
Total | $ | 1,527,953 |  | 100% |  | $ | 1,043,238 |  | 100% |  | $ | 484,715 |  | 100%
2021 | Consolidated |  | Americas |  | International
(In thousands) | Dollars | Percent |  | Dollars | Percent |  | Dollars | Percent
Breathing Apparatus | $ | 322,412 |  | 23% |  | $ | 217,340 |  | 24% |  | $ | 105,072 |  | 21%
Fixed Gas & Flame Detection (a) | 299,018 |  | 21% |  | 182,515 |  | 20% |  | 116,503 |  | 24%
Firefighter Helmets & Protective Apparel (b) | 203,914 |  | 15% |  | 137,086 |  | 15% |  | 66,828 |  | 14%
Portable Gas Detection | 162,761 |  | 12% |  | 109,543 |  | 12% |  | 53,218 |  | 11%
Industrial Head Protection | 143,601 |  | 10% |  | 108,869 |  | 12% |  | 34,732 |  | 7%
Fall Protection | 117,731 |  | 8% |  | 69,108 |  | 8% |  | 48,623 |  | 10%
Other (c) | 150,745 |  | 11% |  | 83,607 |  | 9% |  | 67,138 |  | 13%
Total | $ | 1,400,182 |  | 100% |  | $ | 908,068 |  | 100% |  | $ | 492,114 |  | 100%
2020 | Consolidated |  | Americas |  | International
(In thousands) | Dollars | Percent |  | Dollars | Percent |  | Dollars | Percent
Breathing Apparatus | $ | 329,179 |  | 24% |  | $ | 220,650 |  | 25% |  | $ | 108,529 |  | 23%
Fixed Gas & Flame Detection | 287,414 |  | 21% |  | 158,924 |  | 18% |  | 128,490 |  | 27%
Firefighter Helmets & Protective Apparel | 162,207 |  | 12% |  | 133,653 |  | 15% |  | 28,554 |  | 6%
Portable Gas Detection | 142,581 |  | 11% |  | 90,545 |  | 10% |  | 52,036 |  | 11%
Industrial Head Protection | 125,921 |  | 9% |  | 92,075 |  | 11% |  | 33,846 |  | 7%
Fall Protection | 103,075 |  | 8% |  | 58,060 |  | 7% |  | 45,015 |  | 10%
Other (c) | 197,846 |  | 15% |  | 120,398 |  | 14% |  | 77,448 |  | 16%
Total | $ | 1,348,223 |  | 100% |  | $ | 874,305 |  | 100% |  | $ | 473,918 |  | 100%
(a) Fixed Gas & Flame Detection include sales from the Bacharach acquisition from July 1, 2021 onward (Americas and International). (b) Firefighter Helmets & Protective Apparel include sales from the Bristol acquisition from January 25, 2021 onward (International). (c) Other products include sales of Air Purifying Respirators.

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