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Industry Segment and Geographic Data (Tables)

12 Months Ended

Dec. 31, 2021

Industry Segment and Geographic Data [Abstract]

Sales and Operating Income by Operating Segments

The accounting policies of each segment are the same as those described in the summary of significant accounting policies (see Note 1). The following tables contain financial information for each reportable segment (in thousands):

		Year Ended December 31,
		2021				2020				2019
Net sales (a):
Engine Management		$	937,936			$	835,685			$	849,161
Temperature Control			348,423				281,954				278,355
Other			12,457				10,949				10,397
Total net sales		$	1,298,816			$	1,128,588			$	1,137,913
Intersegment sales (a):
Engine Management		$	23,599			$	15,952			$	19,569
Temperature Control			9,024				6,162				6,545
Other			(32,623	)			(22,114	)			(26,114	)
Total intersegment sales		$	—			$	—			$	—
Depreciation and Amortization:
Engine Management		$	21,881			$	20,417			$	19,463
Temperature Control			3,626				4,035				4,568
Other			1,736				1,871				1,778
Total depreciation and amortization		$	27,243			$	26,323			$	25,809
Operating income (loss):
Engine Management		$	117,367			$	111,217			$	103,808
Temperature Control			36,997				21,296				13,667
Other			(25,365	)			(23,618	)			(22,980	)
Total operating income		$	128,999			$	108,895			$	94,495
Investment in unconsolidated affiliates:
Engine Management		$	2,729			$	2,428			$	2,243
Temperature Control			41,358				38,079				36,615
Other			—				—				—
Total investment in unconsolidated affiliates		$	44,087			$	40,507			$	38,858
Capital expenditures:
Engine Management		$	21,922			$	13,496			$	12,593
Temperature Control			2,586				1,988				2,273
Other			1,367				2,336				1,319
Total capital expenditures		$	25,875			$	17,820			$	16,185
Total assets:
Engine Management		$	845,767			$	618,210			$	594,953
Temperature Control			257,114				230,111				216,591
Other			95,080				108,219				92,310
Total assets		$	1,197,961			$	956,540			$	903,854

(a) Segment net sales include intersegment sales in our Engine Management and Temperature Control segments.

Reconciliation of Segment Operating Income to Net Earnings

Reconciliation of segment operating income to net earnings:

		Year Ended December 31,
		2021				2020				2019
		(In thousands)
Operating income		$	128,999			$	108,895			$	94,495
Other non-operating income, net			3,494				812				2,587
Interest expense			2,028				2,328				5,286
Earnings from continuing operations before income taxes			130,465				107,379				91,796
Provision for income taxes			31,044				26,962				22,745
Earnings from continuing operations			99,421				80,417				69,051
Discontinued operations, net of tax			(8,467	)			(23,024	)			(11,134	)
Net earnings		$	90,954			$	57,393			$	57,917

Long-lived Assets by Geographical Areas

		December 31,
		2021				2020				2019
Long-lived assets (a):		(In thousands)
United States		$	315,983			$	241,053			$	253,384
Asia			80,175				40,621				38,942
Europe			37,892				16,504				17,004
Mexico			12,119				10,586				12,036
Canada			4,461				4,470				4,659
Total long-lived assets		$	450,630			$	313,234			$	326,025

(a) Long-lived assets are attributed to countries based upon the location of the assets.

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- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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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.

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