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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of Reportable Segment Information | Reportable segment information is presented in the following table:
(In thousands) |  | Americas |  | International |  | Corporate |  |  |  | Consolidated Totals
Three Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 299,497 |  |  | $ | 133,182 |  |  | $ | — |  |  |  |  | $ | 432,679 |
Adjusted operating income (loss) |  | 91,822 |  |  | 18,174 |  |  | (12,081) |  |  |  |  | 97,915 |
Three Months Ended September 30, 2023 |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 314,273 |  |  | $ | 132,455 |  |  | $ | — |  |  |  |  | $ | 446,728 |
Adjusted operating income (loss) |  | 93,918 |  |  | 22,577 |  |  | (15,198) |  |  |  |  | 101,297 |
(In thousands) |  | Americas |  | International |  | Corporate |  |  |  | Consolidated Totals
Nine Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 909,745 |  |  | $ | 398,698 |  |  | $ | — |  |  |  |  | $ | 1,308,443 |
Adjusted operating income (loss) |  | 276,523 |  |  | 55,944 |  |  | (38,353) |  |  |  |  | 294,114 |
Nine Months Ended September 30, 2023 |  |  |  |  |  |  |  |  |  |
Net sales to external customers |  | $ | 902,918 |  |  | $ | 389,372 |  |  | $ | — |  |  |  |  | $ | 1,292,290 |
Adjusted operating income (loss) |  | 260,428 |  |  | 60,099 |  |  | (38,066) |  |  |  |  | 282,461 |
A reconciliation of total Adjusted operating income from reportable segments to Income before income taxes is presented in the following table:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Adjusted operating income |  | $ | 97,915 |  | $ | 101,297 |  | $ | 294,114 |  | $ | 282,461
Less: |  |  |  |  |  |  |  |
Restructuring charges (Note 3) |  | 1,184 |  | 3,285 |  | 5,744 |  | 8,382
Currency exchange losses, net |  | 2,985 |  | 1,496 |  | 4,715 |  | 8,781
Interest expense |  | 9,153 |  | 12,498 |  | 29,556 |  | 37,149
Other income, net |  | (5,833) |  | (6,037) |  | (16,215) |  | (15,487)
Amortization of acquisition-related intangible assets |  | 2,269 |  | 2,315 |  | 6,888 |  | 6,936
Transaction costs(a) |  | — |  | 78 |  | 234 |  | 78
Net cost for product related legal matter |  | — |  | — |  | 5,000 |  | —
Loss on divestiture of MSA LLC (Note 17) |  | — |  | — |  | — |  | 129,211
Product liability expense (Note 17) |  | — |  | — |  | — |  | 3
Income before income taxes |  | 88,157 |  | 87,662 |  | 258,192 |  | 107,408
(a) Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during our evaluation of acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the unaudited Condensed Consolidated Statements of Operations.
Percentage of Total Sales by Product Group | Total sales by product group was as follows:
Three Months Ended September 30, 2024 | Consolidated |  | Americas |  | International
(In thousands, except percentages) | Dollars |  | Percent |  | Dollars |  | Percent |  | Dollars |  | Percent
Fire Service (a) | $ | 160,515 |  |  | 37% |  | $ | 111,992 |  |  | 37% |  | $ | 48,523 |  |  | 36%
Detection (b) | 163,150 |  |  | 38% |  | 110,459 |  |  | 37% |  | 52,691 |  |  | 40%
Industrial PPE and Other (c) | 109,014 |  |  | 25% |  | 77,046 |  |  | 26% |  | 31,968 |  |  | 24%
Total | $ | 432,679 |  |  | 100% |  | $ | 299,497 |  |  | 100% |  | $ | 133,182 |  |  | 100%
Three Months Ended September 30, 2023 | Consolidated |  | Americas |  | International
(In thousands, except percentages) | Dollars |  | Percent |  | Dollars |  | Percent |  | Dollars |  | Percent
Fire Service (a) | $ | 175,732 |  |  | 39% |  | $ | 131,516 |  |  | 42% |  | $ | 44,216 |  |  | 33%
Detection (b) | 155,694 |  |  | 35% |  | 105,007 |  |  | 33% |  | 50,687 |  |  | 38%
Industrial PPE and Other (c) | 115,302 |  |  | 26% |  | 77,750 |  |  | 25% |  | 37,552 |  |  | 29%
Total | $ | 446,728 |  |  | 100% |  | $ | 314,273 |  |  | 100% |  | $ | 132,455 |  |  | 100%
Nine Months Ended September 30, 2024 | Consolidated |  | Americas |  | International
(In thousands, except percentages) | Dollars |  | Percent |  | Dollars |  | Percent |  | Dollars |  | Percent
Fire Service (a) | $ | 496,478 |  |  | 38% |  | $ | 352,730 |  |  | 39% |  | $ | 143,748 |  |  | 36%
Detection (b) | 473,214 |  |  | 36% |  | 318,159 |  |  | 35% |  | 155,055 |  |  | 39%
Industrial PPE and Other (c) | 338,751 |  |  | 26% |  | 238,856 |  |  | 26% |  | 99,895 |  |  | 25%
Total | $ | 1,308,443 |  |  | 100% |  | $ | 909,745 |  |  | 100% |  | $ | 398,698 |  |  | 100%
Nine Months Ended September 30, 2023 | Consolidated |  | Americas |  | International
(In thousands, except percentages) | Dollars |  | Percent |  | Dollars |  | Percent |  | Dollars |  | Percent
Fire Service (a) | $ | 481,610 |  |  | 37% |  | $ | 354,729 |  |  | 39% |  | $ | 126,881 |  |  | 33%
Detection (b) | 460,537 |  |  | 36% |  | 308,692 |  |  | 34% |  | 151,845 |  |  | 39%
Industrial PPE and Other (c) | 350,143 |  |  | 27% |  | 239,497 |  |  | 27% |  | 110,646 |  |  | 28%
Total | $ | 1,292,290 |  |  | 100% |  | $ | 902,918 |  |  | 100% |  | $ | 389,372 |  |  | 100%
(a) Fire Service includes Breathing Apparatus and Firefighter Helmets and Protective Apparel. (b) Detection includes Fixed Gas and Flame Detection and Portable Gas detection. (c) Industrial PPE and Other includes Industrial Head Protection, Fall Protection and Non-Core.

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