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Accrued and Other Liabilities (Tables)

9 Months Ended

Sep. 27, 2024

Accrued Liabilities [Abstract]

Schedule of Accrued and Other Liabilities

Accrued and Other liabilities in the Consolidated and Condensed Balance Sheets consisted of the following:

			September 27, 2024												December 31, 2023
			Current						Noncurrent						Current						Noncurrent
			(In thousands)
Accrued taxes and deferred tax liabilities			$	46,243					$	133,424					$	45,681					$	144,662
Compensation and related benefits			84,004						52,299						97,052						52,589
Asbestos liability			34,757						196,772						32,908						234,796
Contract liabilities			27,844						—						31,248						—
Lease liabilities			21,375						70,064						22,794						76,609
Warranty liability			13,914						—						12,606						—
Third-party commissions			16,144						—						18,711						—
Restructuring liability			5,581						—						5,345						354
Accrued interest			21,539						—						711						—
Other			45,418						36,997						46,433						33,823
			$	316,819					$	489,556					$	313,489					$	542,833

Schedule of Product Warranty Liability

A summary of the activity in the Company’s warranty liability included in Accrued liabilities in the Company’s Consolidated and Condensed Balance Sheets is as follows:

			Nine Months Ended
			September 27, 2024						September 29, 2023
			(In thousands)
Warranty liability, beginning of period			$	12,606					$	12,946
Accrued warranty expense			8,026						4,448
Changes in estimates related to pre-existing warranties			1,829						2,710
Cost of warranty service work performed			(8,507)						(7,891)
Foreign exchange translation effect and other			(40)						1,156
Warranty liability, end of period			$	13,914					$	13,369

Schedule of Restructuring Reserve by Type of Cost

A summary of the activity in the Company’s restructuring liability included in Accrued liabilities and Other liabilities in the Consolidated and Condensed Balance Sheets is as follows:

			Nine Months Ended September 27, 2024
			Balance at Beginning of Period												Charges						Payments						Foreign Currency Translation						Balance at End of Period
			(In thousands)
Restructuring and other related charges:
Termination benefits(1)			$	4,595											$	5,318					$	(5,702)					$	65					$	4,276
Facility closure costs and other(2)			1,104												3,254						(2,633)						(420)						1,305
Total			$	5,699											$	8,572					$	(8,335)					$	(355)					$	5,581

(1) Includes severance and other termination benefits, including outplacement services.

(2) Includes the cost of relocating associates, relocating equipment and other costs in connection with the closure and optimization of facilities and product lines.

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- References

No definition available.

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- Definition

Tabular disclosure of the components of accrued liabilities.

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No definition available.

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- Definition

Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 460
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482425/460-10-50-8

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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.b.2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

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-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
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