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v3.25.1

Details of Selected Balance Sheet Accounts (Tables) | 3 Months Ended
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Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Accounts Receivable, Net | Additional information regarding selected balance sheet accounts as of March 31, 2025 and December 31, 2024 is presented below (in thousands):
| March 31, 2025 |  | December 31, 2024
Accounts receivable, net: |  |  |
Trade | $ | 109,505 |  |  | $ | 128,167 |
Unbilled revenue | 23,466 |  |  | 22,242 |
Contract assets | 47,870 |  |  | 40,101 |
Other | 5,469 |  |  | 6,440 |
Total accounts receivable | 186,310 |  |  | 196,950 |
Allowance for doubtful accounts | (2,771) |  |  | (2,614) |
| $ | 183,539 |  |  | $ | 194,336 |
Allowance for doubtful accounts as a percentage of total accounts receivable | 1 | % |  | 1 | %
Schedule of Contract with Customer, Asset and Liability |
| March 31, 2025 |  | December 31, 2024
Deferred revenue (contract liabilities) | $ | 50,908 |  |  | $ | 52,399 |
Schedule of Accounts Receivable, Allowance for Credit Loss | The following provides a summary of activity in the allowance for doubtful accounts for the three months ended March 31, 2025 and 2024 (in thousands):
| Three Months Ended March 31,
| 2025 |  | 2024
Allowance for doubtful accounts – January 1 | $ | 2,614 |  |  | $ | 4,497 |
Provisions | 167 |  |  | 12 |
Write-offs | (12) |  |  | (135) |
Other | 2 |  |  | (5) |
Allowance for doubtful accounts – March 31 | $ | 2,771 |  |  | $ | 4,369 |
Schedule of Inventory, Net |
| March 31, 2025 |  | December 31, 2024
Inventories, net: |  |  |
Finished goods and purchased products | $ | 111,855 |  |  | $ | 110,850 |
Work in process | 34,647 |  |  | 34,539 |
Raw materials | 108,565 |  |  | 108,421 |
Total inventories | 255,067 |  |  | 253,810 |
Allowance for excess or obsolete inventory | (39,365) |  |  | (38,974) |
| $ | 215,702 |  |  | $ | 214,836 |
Schedule of Property, Plant and Equipment, Net |
|  |  | March 31, 2025 |  | December 31, 2024
Property, plant and equipment, net: |  |  |  |  |  |  |  |  |
Property, plant and equipment |  | $ | 738,354 |  |  | $ | 734,548 |
Accumulated depreciation |  | (470,333) |  |  | (467,677) |
|  |  |  |  |  |  | $ | 268,021 |  |  | $ | 266,871 |
Schedule of Finite-Lived Intangible Assets |
| March 31, 2025 |  | December 31, 2024
Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Other intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 122,950 |  |  | $ | 57,406 |  |  | $ | 65,544 |  |  | $ | 122,859 |  |  | $ | 55,534 |  |  | $ | 67,325 |
Patents/Technology/Know-how | 70,297 |  |  | 40,996 |  |  | 29,301 |  |  | 70,206 |  |  | 39,699 |  |  | 30,507 |
Tradenames and other | 47,739 |  |  | 20,346 |  |  | 27,393 |  |  | 47,729 |  |  | 19,699 |  |  | 28,030 |
| $ | 240,986 |  |  | $ | 118,748 |  |  | $ | 122,238 |  |  | $ | 240,794 |  |  | $ | 114,932 |  |  | $ | 125,862 |
Schedule of Other Noncurrent Assets |
| March 31, 2025 |  | December 31, 2024
Other noncurrent assets: |  |  |
Deferred compensation plan | $ | 17,640 |  |  | $ | 18,245 |
Deferred financing costs | 1,490 |  |  | 1,619 |
Deferred income taxes | 1,992 |  |  | 1,964 |
Other | 3,237 |  |  | 3,075 |
| $ | 24,359 |  |  | $ | 24,903 |
Schedule of Accrued Liabilities |
| March 31, 2025 |  | December 31, 2024
Accrued liabilities: |  |  |
Accrued compensation | $ | 13,398 |  |  | $ | 22,350 |
Accrued taxes, other than income taxes | 2,354 |  |  | 1,234 |
Insurance liabilities | 3,647 |  |  | 3,383 |
Accrued interest | 3,022 |  |  | 1,555 |
Accrued commissions | 3,540 |  |  | 3,237 |
Other | 5,897 |  |  | 5,102 |
| $ | 31,858 |  |  | $ | 36,861 |

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- Definition Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses. + References No definition available. + Details
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