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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Reportable Segment Information | Reportable segment information is presented in the following table:
(In thousands) | Americas |  | International |  | Corporate |  | Reconciling Items(a) |  | Consolidated Totals
2023 |  |  |  |  |  |  |  |  |
Net sales to external customers | $ | 1,235,594 |  |  | $ | 552,053 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,787,647 |
Operating income |  |  |  |  |  |  |  |  | 231,320 |
Restructuring charges (Note 3) |  |  |  |  |  |  |  |  | 9,892 |
Currency exchange losses, net |  |  |  |  |  |  |  |  | 17,079 |
Loss on divestiture of MSA LLC (Note 20) |  |  |  |  |  |  |  |  | 129,211 |
Product liability expense (Note 20) |  |  |  |  |  |  |  |  | 3 |
Amortization of acquisition-related intangible assets |  | 9,246 |
Transaction costs(b) |  |  |  |  |  |  |  |  | 965 |
Adjusted operating income (loss) | 359,617 |  |  | 89,699 |  |  | (51,600) |  |  |  |  | 397,716 |
Adjusted operating margin % | 29.1 | % |  | 16.2 | % |  |  |  |  |  |
Depreciation and amortization | 36,979 |  |  | 13,705 |  |  | 843 |  |  |  |  | 51,527 |
Adjusted EBITDA | 396,596 |  |  | 103,404 |  |  | (50,757) |  |  |  |  | 449,243 |
Adjusted EBITDA margin % | 32.1 | % |  | 18.7 | % |  |  |  |  |  |
Noncash items: |  |  |  |  |  |  |  |  |
Pension (income) expense | $ | (11,873) |  |  | $ | 3,958 |  |  |  |  |  |  | $ | (7,915) |
Total Assets | 1,433,244 |  |  | 734,856 |  |  | 320 |  |  | 1,730 |  |  | 2,170,150 |
Capital expenditures | 28,011 |  |  | 13,341 |  |  | 1,412 |  |  | — |  |  | 42,764 |
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 |  |  |  |  |  |  |  |  | 10,255 |
Product liability expense (Note 20) |  |  |  |  |  |  |  |  | 20,590 |
Amortization of acquisition-related intangible assets |  | 9,207 |
Transaction costs(b) |  |  |  |  |  |  |  |  | 3,233 |
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 |  |  |  |  |  |  |  |  | 216 |
Product liability expense (Note 20) |  |  |  |  |  |  |  |  | 185,264 |
Amortization of acquisition-related intangible assets |  | 8,764 |
Transaction costs(b) |  |  |  |  |  |  |  |  | 7,120 |
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 |
(a)Reconciling items consist primarily of intercompany eliminations and items not directly attributable to operating segments. (b)Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the Consolidated Statements of Income
Schedule of Geographic Information on Net Sales | Geographic information on Net sales to external customers, based on country of origin:
(In thousands) | 2023 |  | 2022 |  | 2021
United States | $ | 1,036,521 |  |  | $ | 876,945 |  |  | $ | 746,825 |
Other | 751,126 |  |  | 651,008 |  |  | 653,357 |
Total | $ | 1,787,647 |  |  | $ | 1,527,953 |  |  | $ | 1,400,182 |
Schedule of Geographic Information on Tangible Long-Lived Assets | Geographic information on tangible long-lived assets, net, based on country of origin:
(In thousands) | 2023 |  | 2022 |  | 2021
United States | $ | 156,937 |  |  | $ | 159,345 |  |  | $ | 155,667 |
Other | 108,238 |  |  | 92,349 |  |  | 102,304 |
Total | $ | 265,175 |  |  | $ | 251,694 |  |  | $ | 257,971 |
Schedule of Net Sales by Product Group | Total Net sales by product portfolio was as follows:
2023 | Consolidated |  | Americas |  | International
(In thousands) | Dollars | Percent |  | Dollars | Percent |  | Dollars | Percent
Firefighter Safety (a) | $ | 684,224 |  | 38% |  | $ | 501,676 |  | 41% |  | $ | 182,548 |  | 33%
Detection (b) | 634,915 |  | 36% |  | 419,312 |  | 34% |  | 215,603 |  | 39%
Industrial PPE and Other (c) | 468,508 |  | 26% |  | 314,606 |  | 25% |  | 153,902 |  | 28%
Total | $ | 1,787,647 |  | 100% |  | $ | 1,235,594 |  | 100% |  | $ | 552,053 |  | 100%
2022 | Consolidated |  | Americas |  | International
(In thousands) | Dollars | Percent |  | Dollars | Percent |  | Dollars | Percent
Firefighter Safety (a) | $ | 578,935 |  | 38% |  | $ | 416,427 |  | 40% |  | $ | 162,508 |  | 34%
Detection (b) | 529,735 |  | 35% |  | 349,543 |  | 34% |  | 180,192 |  | 37%
Industrial PPE and Other (c) | 419,283 |  | 27% |  | 277,268 |  | 26% |  | 142,015 |  | 29%
Total | $ | 1,527,953 |  | 100% |  | $ | 1,043,238 |  | 100% |  | $ | 484,715 |  | 100%
2021 | Consolidated |  | Americas |  | International
(In thousands) | Dollars | Percent |  | Dollars | Percent |  | Dollars | Percent
Firefighter Safety (a) | $ | 526,326 |  | 38% |  | $ | 354,426 |  | 39% |  | $ | 171,900 |  | 35%
Detection (b) | 461,779 |  | 33% |  | 292,058 |  | 32% |  | 169,721 |  | 34%
Industrial PPE and Other (c) | 412,077 |  | 29% |  | 261,584 |  | 29% |  | 150,493 |  | 31%
Total | $ | 1,400,182 |  | 100% |  | $ | 908,068 |  | 100% |  | $ | 492,114 |  | 100%
(a) Firefighter Safety includes Breathing Apparatus and Firefighter Helmets and Protective Apparel, and includes sales from the Bristol acquisition from January 25, 2021 onward (International). (b) Detection includes Fixed Gas and Flame Detection and Portable Gas detection, and includes sales from the Bacharach acquisition from July 1, 2021 onward (Americas and International). (c) Industrial PPE and Other includes Industrial Head Protection, Fall Protection and Non-Core.

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