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Segment Disclosure
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment Disclosure Segment Disclosure
 
The Company’s three operating segments are:
 
•North America. This segment provides asset protection solutions with the largest concentration in the United States, followed by Canada, consisting primarily of NDT, inspection, mechanical and engineering services that are used to evaluate the safety, structural integrity and reliability of critical energy, industrial and public infrastructure and commercial aerospace components. Software, digital and data services are included in this segment.

•International. This segment offers services, products and systems similar to those of the other segments to select markets within Europe, the Middle East, Africa, Asia and South America, but not to customers in China and South Korea, which are served by the Products and Systems segment.

•Products and Systems. This segment designs, manufactures, sells, installs and services the Company’s asset protection products and systems, including equipment and instrumentation, predominantly in the United States.

Costs incurred for general corporate services, including finance, legal, and certain other costs that are provided to the segments are reported within Corporate and eliminations. Sales to the International segment from the Products and Systems segment and subsequent sales by the International segment of the same items are recorded and reflected in the operating performance of both segments. Additionally, engineering charges and royalty fees charged to the North America and International segments by the Products and Systems segment are reflected in the operating performance of each segment.
 
The accounting policies of the reportable segments are the same as those described in Note 1-Summary of Significant Accounting Policies and Practices. Segment income from operations is one of the primary performance measures used by the chief operating decision maker, to assess the performance of each segment and make resource allocation decisions. Certain general and administrative costs such as human resources, information technology and training are allocated to the segments. Segment income from operations excludes interest and other financial charges and income taxes. Corporate and other assets are comprised principally of cash, deposits, property, plant and equipment, domestic deferred taxes, deferred charges and other assets. Corporate loss from operations consists of administrative charges related to corporate personnel and other charges that cannot be readily identified for allocation to a particular segment.
 
Selected consolidated financial information by segment for the periods shown was as follows (with intercompany transactions eliminated in Corporate and eliminations):
 For the year ended December 31,
 202320222021
Revenue
North America$579,330 $573,336 $555,387 
International124,414 112,425 117,245 
Products and Systems12,986 12,727 13,831 
Corporate and eliminations(11,257)(11,115)(9,332)
 $705,473 $687,373 $677,131 
 
 For the year ended December 31,
 202320222021
Gross profit
North America$163,960 $159,049 $155,384 
International33,610 33,591 34,282 
Products and Systems6,457 5,490 7,001 
Corporate and eliminations(220)43 480 
 $203,807 $198,173 $197,147 
Income (loss) from operations by operating segment includes intercompany transactions, which are eliminated in Corporate and eliminations. 
 For the year ended December 31,
 202320222021
Income (loss) from operations
North America$55,170 $49,616 $48,458 
International(12,229)3,566 1,839 
Products and Systems267 (992)(117)
Corporate and eliminations(45,112)(32,391)(32,010)
 $(1,904)$19,799 $18,170 
 
 For the year ended December 31,
 202320222021
Depreciation and amortization
North America$25,774 $25,103 $25,259 
International7,580 7,648 8,791 
Products and Systems712 810 928 
Corporate and eliminations33 (267)(57)
 $34,099 $33,294 $34,921 
 
 December 31,
 20232022
Intangible assets, net
North America$37,622 $43,260 
International2,998 4,422 
Products and Systems1,168 1,208 
Corporate and eliminations2,206 125 
 $43,994 $49,015 
 December 31,
 20232022
Total assets
North America$402,782 $407,779 
International99,398 104,531 
Products and Systems13,259 12,408 
Corporate and eliminations19,337 10,186 
 $534,776 $534,904 
 
 December 31,
 20232022
Long-lived assets
United States$177,412 $176,237 
Other Americas107,356 108,582 
Europe27,552 41,392 
 $312,320 $326,211 

Refer to Note 2-Revenue, for revenue by segment and by geographic area for the years ended December 31, 2023, 2022, and 2021.