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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2024
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
2024 |  |  |  |  |  |  |  |  |
Net sales to external customers | $ | 1,246,641 |  |  | $ | 561,499 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,808,140 |
Less: |  |  |  |  |  |  |  |  |
Cost of products sold | 618,019 |  |  | 320,502 |  |  | — |  |  | — |  |  |
Selling, general and administrative | 208,753 |  |  | 129,683 |  |  | 50,385 |  |  | — |  |  |
Research and development | 39,783 |  |  | 26,743 |  |  | — |  |  | — |  |  |
Adjusted operating income (loss) | 380,086 |  |  | 84,571 |  |  | (50,385) |  |  | — |  |  | 414,272 |
Noncash items: |  |  |  |  |  |  |  |  |
Depreciation and amortization | $ | 46,289 |  |  | $ | 17,164 |  |  | $ | 880 |  |  | $ | — |  |  | $ | 64,333 |
Pension (income) expense | (11,854) |  |  | 3,707 |  |  | — |  |  | — |  |  | (8,147) |
Total Assets | 1,480,124 |  |  | 682,816 |  |  | 44,261 |  |  | (1,417) |  |  | 2,205,784 |
Capital expenditures | 31,546 |  |  | 19,091 |  |  | 3,586 |  |  | — |  |  | 54,223 |
2023 |  |  |  |  |  |  |  |  |
Net sales to external customers | $ | 1,235,594 |  |  | $ | 552,053 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,787,647 |
Less: |  |  |  |  |  |  |  |  |
Cost of products sold | 619,948 |  |  | 306,443 |  |  | (128) |  |  | — |  |  |
Selling, general and administrative | 215,236 |  |  | 128,720 |  |  | 51,724 |  |  | — |  |  |
Research and development | 40,793 |  |  | 27,191 |  |  | 4 |  |  | — |  |  |
Adjusted operating income (loss) | 359,617 |  |  | 89,699 |  |  | (51,600) |  |  | — |  |  | 397,716 |
Noncash items: |  |  |  |  |  |  |  |  |
Depreciation and amortization | $ | 44,170 |  |  | $ | 15,760 |  |  | $ | 843 |  |  | $ | — |  |  | $ | 60,773 |
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 |
Less: |  |  |  |  |  |  |  |  |
Cost of products sold | 559,773 |  |  | 285,098 |  |  | 44 |  |  | — |  |  |
Selling, general and administrative | 181,861 |  |  | 115,894 |  |  | 37,884 |  |  | — |  |  |
Research and development | 34,212 |  |  | 22,800 |  |  | — |  |  | — |  |  |
Adjusted operating income (loss) | 267,392 |  |  | 60,923 |  |  | (37,928) |  |  | — |  |  | 290,387 |
Noncash items: |  |  |  |  |  |  |  |  |
Depreciation and amortization | $ | 41,525 |  |  | $ | 14,272 |  |  | $ | 520 |  |  | $ | — |  |  | $ | 56,317 |
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 |
(a)Reconciling items consist primarily of intercompany eliminations and items not directly attributable to operating segments.
Reconciliation of Total Adjusted Operating Income to Income Before Income Taxes | A reconciliation of total Adjusted operating income from reportable segments to Income before income taxes is presented in the following table:
(In thousands) |  | 2024 |  | 2023 |  | 2022
Adjusted operating income |  | $ | 414,272 |  |  | $ | 397,716 |  |  | $ | 290,387 |
Less: |  |  |  |  |  |
Restructuring charges (Note 4) |  | 6,397 |  |  | 9,892 |  |  | 7,965 |
Currency exchange losses, net |  | 3,638 |  |  | 17,079 |  |  | 10,255 |
Interest expense |  | 36,889 |  |  | 46,733 |  |  | 21,660 |
Other income, net (Note 16) |  | (22,718) |  |  | (22,101) |  |  | (21,056) |
Amortization of acquisition-related intangible assets |  | 9,174 |  |  | 9,246 |  |  | 9,207 |
Transaction costs(a) |  | 886 |  |  | 965 |  |  | 3,233 |
Net cost for product-related legal matter |  | 5,000 |  |  | — |  |  | — |
Loss on divestiture of MSA LLC (Note 20) |  | — |  |  | 129,211 |  |  | — |
Product liability expense (Note 20) |  | — |  |  | 3 |  |  | 20,590 |
Income before income taxes |  | $ | 375,006 |  |  | $ | 206,688 |  |  | $ | 238,533 |
(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 Consolidated Statements of Operations.
Schedule of Geographic Information on Net Sales | Geographic information on Net sales to external customers, based on country of origin:
(In thousands) | 2024 |  | 2023 |  | 2022
United States | $ | 1,047,451 |  |  | $ | 1,036,521 |  |  | $ | 876,945 |
Other | 760,689 |  |  | 751,126 |  |  | 651,008 |
Total | $ | 1,808,140 |  |  | $ | 1,787,647 |  |  | $ | 1,527,953 |
Schedule of Geographic Information on Tangible Long-Lived Assets | Geographic information on tangible long-lived assets, net, based on country of origin:
(In thousands) | 2024 |  | 2023 |  | 2022
United States | $ | 160,760 |  |  | $ | 156,937 |  |  | $ | 159,345 |
United Kingdom | 30,274 |  |  | 24,740 |  |  | 25,302 |
Other | 76,914 |  |  | 83,498 |  |  | 67,047 |
Total | $ | 267,948 |  |  | $ | 265,175 |  |  | $ | 251,694 |
Schedule of Net Sales by Product Group | Total Net sales by product category was as follows:
2024 | Consolidated |  | Americas |  | International
(In thousands) | Dollars | Percent |  | Dollars | Percent |  | Dollars | Percent
Fire Service (a) | $ | 712,684 |  | 39% |  | $ | 507,738 |  | 41% |  | $ | 204,946 |  | 36%
Detection (b) | 642,792 |  | 36% |  | 426,839 |  | 34% |  | 215,953 |  | 38%
Industrial PPE and Other (c) | 452,664 |  | 25% |  | 312,064 |  | 25% |  | 140,600 |  | 26%
Total | $ | 1,808,140 |  | 100% |  | $ | 1,246,641 |  | 100% |  | $ | 561,499 |  | 100%
2023 | Consolidated |  | Americas |  | International
(In thousands) | Dollars | Percent |  | Dollars | Percent |  | Dollars | Percent
Fire Service (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
Fire Service (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%
(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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