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Net Sales and Revenue Recognition (Tables) | 9 Months Ended
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Sep. 30, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following tables disaggregate the Company’s net sales by geographic region, customer industries, and timing of revenue recognized. Prior period information has been recast to reflect the Company’s current period customer industry disaggregation. See Note 1 of Notes to Condensed Consolidated Financial Statements.
| Three Months Ended September 30, 2023
| Americas |  | EMEA |  | Asia/Pacific |  | Consolidated Total
Customer Industries |  |  |  |  |  |  |
Metals | $ | 67,957 |  |  | $ | 32,630 |  |  | $ | 49,320 |  |  | $ | 149,907 |
Metalworking and other | 177,942 |  |  | 106,990 |  |  | 55,773 |  |  | 340,705 |
| $ | 245,899 |  |  | $ | 139,620 |  |  | $ | 105,093 |  |  | $ | 490,612 |
Timing of Revenue Recognized |  |  |  |  |  |  |
Product sales at a point in time | $ | 235,209 |  |  | $ | 128,586 |  |  | $ | 102,305 |  |  | $ | 466,100 |
Services transferred over time | 10,690 |  |  | 11,034 |  |  | 2,788 |  |  | 24,512 |
| $ | 245,899 |  |  | $ | 139,620 |  |  | $ | 105,093 |  |  | $ | 490,612 |
| Nine Months Ended September 30, 2023
| Americas |  | EMEA |  | Asia/Pacific |  | Consolidated Total
Customer Industries |  |  |  |  |  |  |
Metals | $ | 204,834 |  |  | $ | 104,376 |  |  | $ | 144,109 |  |  | $ | 453,319 |
Metalworking and other | 545,697 |  |  | 331,226 |  |  | 155,962 |  |  | 1,032,885 |
| $ | 750,531 |  |  | $ | 435,602 |  |  | $ | 300,071 |  |  | $ | 1,486,204 |
Timing of Revenue Recognized |  |  |  |  |  |  |
Product sales at a point in time | $ | 718,187 |  |  | $ | 402,508 |  |  | $ | 291,740 |  |  | $ | 1,412,435 |
Services transferred over time | 32,344 |  |  | 33,094 |  |  | 8,331 |  |  | 73,769 |
| $ | 750,531 |  |  | $ | 435,602 |  |  | $ | 300,071 |  |  | $ | 1,486,204 |
| Three Months Ended September 30, 2022
| Americas |  | EMEA |  | Asia/Pacific |  | Consolidated Total
Customer Industries |  |  |  |  |  |  |
Metals | $ | 67,943 |  |  | $ | 32,748 |  |  | $ | 51,341 |  |  | $ | 152,032 |
Metalworking and other | 186,735 |  |  | 101,638 |  |  | 51,813 |  |  | 340,186 |
| $ | 254,678 |  |  | $ | 134,386 |  |  | $ | 103,154 |  |  | $ | 492,218 |
Timing of Revenue Recognized |  |  |  |  |  |  |
Product sales at a point in time | $ | 243,699 |  |  | $ | 124,566 |  |  | $ | 99,929 |  |  | $ | 468,194 |
Services transferred over time | 10,979 |  |  | 9,820 |  |  | 3,225 |  |  | 24,024 |
| $ | 254,678 |  |  | $ | 134,386 |  |  | $ | 103,154 |  |  | $ | 492,218 |
| Nine Months Ended September 30, 2022
| Americas |  | EMEA |  | Asia/Pacific |  | Consolidated Total
Customer Industries |  |  |  |  |  |  |
Metals | $ | 185,784 |  |  | $ | 107,163 |  |  | $ | 163,239 |  |  | $ | 456,186 |
Metalworking and other | 516,796 |  |  | 319,576 |  |  | 166,219 |  |  | 1,002,591 |
| $ | 702,580 |  |  | $ | 426,739 |  |  | $ | 329,458 |  |  | $ | 1,458,777 |
Timing of Revenue Recognized |  |  |  |  |  |  |
Product sales at a point in time | $ | 669,945 |  |  | $ | 396,944 |  |  | $ | 321,031 |  |  | $ | 1,387,920 |
Services transferred over time | 32,635 |  |  | 29,795 |  |  | 8,427 |  |  | 70,857 |
| $ | 702,580 |  |  | $ | 426,739 |  |  | $ | 329,458 |  |  | $ | 1,458,777 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + Details
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