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Segment Reporting (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information by Segment | The following table presents net revenue and segment operating income for our reportable segments and other operating results not allocated to our reportable segments for the three months ended March 31, 2024 and 2023 (prior periods have been recast).
| For the three months ended |  |
| March 31, 2024 |  | March 31, 2023 |  |  |  |
Net revenue: |  |  |  |  |  |  |
Performance Sensing (1)(2) | $ | 713,318 |  |  | $ | 667,762 |  |  |  |  |
Sensing Solutions (1)(2) | 257,839 |  |  | 283,450 |  |  |  |  |
Other (2) | 35,552 |  |  | 46,963 |  |  |  |  |
Total net revenue | $ | 1,006,709 |  |  | $ | 998,175 |  |  |  |  |
Segment operating income (as defined above): |  |  |  |  |  |  |
Performance Sensing (1)(2) | $ | 185,132 |  |  | $ | 169,066 |  |  |  |  |
Sensing Solutions (1)(2) | 72,479 |  |  | 84,020 |  |  |  |  |
Other (2) | 6,781 |  |  | 4,970 |  |  |  |  |
Total segment operating income | 264,392 |  |  | 258,056 |  |  |  |  |
Corporate and other | (80,303) |  |  | (62,441) |  |  |  |  |
Amortization of intangible assets | (38,515) |  |  | (40,774) |  |  |  |  |
Restructuring and other charges, net | (782) |  |  | (5,999) |  |  |  |  |
Operating income | 144,792 |  |  | 148,842 |  |  |  |  |
Interest expense | (38,395) |  |  | (48,791) |  |  |  |  |
Interest income | 3,738 |  |  | 8,700 |  |  |  |  |
Other, net | (11,544) |  |  | 1,392 |  |  |  |  |
Income before taxes | $ | 98,591 |  |  | $ | 110,143 |  |  |  |  |
___________________________________ (1) The amounts previously reported for the three months ended March 31, 2023 have been retrospectively recast to reflect the move of the material handling products between operating segments in the second quarter of 2023 and to reflect the recasting of the Aftermarkets business and the radar products from Performance Sensing to Sensing Solutions. (2) The amounts previously reported for the three months ended March 31, 2023 have been retrospectively recast to reflect the segment realignment as discussed in Note 1: Basis of Presentation.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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