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Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Information on Company's Business Segments
Certain financial information on the Company’s reportable segments was as follows:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Capital expenditures
Sealing Systems$4,172 $5,421 $13,644 $14,921 
Fluid Handling Systems4,293 5,170 11,157 11,663 
Total for reportable segments$8,465 $10,591 $24,801 $26,584 
Corporate, eliminations and other693 652 514 1,493 
Consolidated$9,158 $11,243 $25,315 $28,077 

June 30, 2025December 31, 2024
Segment assets
Sealing Systems$856,554 $817,581 
Fluid Handling Systems718,789 667,920 
Total for reportable segments$1,575,343 $1,485,501 
Corporate, eliminations and other244,368 247,564 
Consolidated$1,819,711 $1,733,065 

Three Months Ended June 30, 2025Three Months Ended June 30, 2024
Sealing SystemsFluid Handling SystemsTotalSealing SystemsFluid Handling SystemsTotal
Gross reportable segment sales$374,308 $323,162 $376,832 $328,108 
Intersegment sales9,940 732 11,886 5,366 
Total reportable segment sales$364,368 $322,430 $686,798 $364,946 $322,742 $687,688 
Reconciliation of segment sales
Corporate, eliminations and other (a)
19,175 20,674 
Total consolidated sales$705,973 $708,362 
Cost of products sold$312,687 $283,982 $316,854 $292,196 
Other segment items (b)
11,336 11,451 13,057 14,264 
Total reportable segment adjusted EBITDA$40,345 $26,997 $67,342 $35,035 $16,282 $51,317 
Corporate, eliminations and other(4,577)(404)
Restructuring charges2,735 79 2,852 10,526 2,500 17,781 
Depreciation and amortization12,570 10,045 24,521 13,280 10,154 25,873 
Pension settlement charge— 46,787 
Interest expense, net of interest income28,712 28,635 
Income tax expense8,081 8,080 
Total consolidated net loss$(1,401)$(76,243)
(a)    Includes revenue from the Industrial and Specialty Group business, which is an operating segment that does not meet the quantitative thresholds for determining reportable segments.
(b)    Other segment items represent income and expenses that are included in the segment Adjusted EBITDA measure, such as selling, administration and engineering expenses and foreign currency gains and losses.
Six Months Ended June 30, 2025Six Months Ended June 30, 2024
Sealing SystemsFluid Handling SystemsTotalSealing SystemsFluid Handling SystemsTotal
Gross reportable segment sales$730,229 $627,976 $740,020 $638,453 
Intersegment sales21,550 1,548 23,795 10,196 
Total reportable segment sales$708,679 $626,428 $1,335,107 $716,225 $628,257 $1,344,482 
Reconciliation of segment sales
Corporate, eliminations and other (a)
37,935 40,305 
Total consolidated sales$1,373,042 $1,384,787 
Cost of products sold$612,292 $556,135 $634,456 $573,407 
Other segment items (b)
23,730 22,314 25,363 27,586 
Total reportable segment adjusted EBITDA$72,657 $47,979 $120,636 $56,406 $27,264 $83,670 
Corporate, eliminations and other844 (3,409)
Restructuring charges4,256 533 4,963 11,174 2,825 18,914 
Depreciation and amortization24,421 18,991 48,349 26,528 19,478 52,336 
Gain on sale of businesses, net(98)— 
Pension settlement charge— 46,787 
Interest expense, net of interest income57,331 57,916 
Income tax expense10,784 12,211 
Total consolidated net income (loss)$151 $(107,903)
(a)    Includes revenue from the Industrial and Specialty Group business, which is an operating segment that does not meet the quantitative thresholds for determining reportable segments.
(b)    Other segment items represent income and expenses that are included in the segment Adjusted EBITDA measure, such as selling, administration and engineering expenses and foreign currency gains and losses.