Operating Segments and Related Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Operating Business Unit Information

Operating segment information is as follows (in thousands):

	Three Months Ended March 31,
	2020			2019
Revenue—External Customers:
Industrial Technologies	$	276,415		$	271,386
Defense Technologies	174,508			173,350
	$	450,923		$	444,736
Revenue—Intersegments:
Industrial Technologies	$	2,702		$	4,586
Defense Technologies	1,834			1,512
Eliminations	(4,536		)	(6,098		)
	$	—		$	—
Segment operating income:
Industrial Technologies	$	64,265		$	69,019
Defense Technologies	33,154			46,890
	$	97,419		$	115,909

A reconciliation of the Company's consolidated segment operating income to consolidated earnings before income taxes is as follows (in thousands):

	Three Months Ended March 31,
	2020			2019
Consolidated segment operating income	$	97,419		$	115,909
Unallocated corporate expenses	(36,244		)	(28,290		)
Amortization of purchased intangible assets	(11,896		)	(5,928		)
Restructuring expenses	(20,784		)	(609		)
Consolidated earnings from operations	28,495			81,082
Interest and non-operating expenses, net	(5,297		)	(6,325		)
Consolidated earnings before income taxes	$	23,198		$	74,757

Business unit assets

	March 31,		December 31,
	2020		2019
Operating segment assets:
Net accounts receivable, inventories and demonstration assets:
Industrial Technologies	$	368,199	$	405,166
Defense Technologies	360,791		332,639
	$	728,990	$	737,805
Goodwill:
Industrial Technologies	628,655		635,899
Defense Technologies	700,173		728,697
	$	1,328,828	$	1,364,596
Total operating segment assets	$	2,057,818	$	2,102,401
Assets not allocated:
Cash and cash equivalents	$	308,615	$	284,592
Prepaid expenses and other current assets	92,929		86,337
Property and equipment, net	251,421		255,905
Deferred income taxes	39,458		39,983
Intangible assets, net	231,953		247,514
Other assets	140,043		120,809
Total assets	$	3,122,237	$	3,137,541

By Significant Geographical Location

Revenue and Long-Lived Assets by Geographic Area

Information related to revenue by significant geographical location, determined by the end customer, is as follows (in thousands):

	Three Months Ended March 31, 2020
	Industrial Technologies		Defense Technologies		Total
United States	$	103,337	$	115,947	$	219,284
Europe	65,335		19,476		$	84,811
Asia	73,387		11,864		$	85,251
Middle East/Africa	18,027		25,128		$	43,155
Canada/Latin America	16,329		2,093		$	18,422
	$	276,415	$	174,508	$	450,923

Note 18.        Operating Segments and Related Information - (Continued)

Revenue and Long-Lived Assets by Geographic Area - (Continued)

	Three Months Ended March 31, 2019
	Industrial Technologies		Defense Technologies		Total
United States	$	133,422	$	109,304	$	242,726
Europe	73,864		26,596		100,460
Asia	41,393		17,386		58,779
Middle East/Africa	9,865		17,407		27,272
Canada/Latin America	12,842		2,657		15,499
	$	271,386	$	173,350	$	444,736

Long-lived assets consist of net property and equipment, net identifiable intangible assets, goodwill and other long-term assets. Long-lived assets by significant geographic locations are as follows (in thousands):

	March 31,		December 31,
	2020		2019
United States	$	1,122,056	$	1,137,375
Europe	418,747		435,024
Other foreign	411,442		416,425
	$	1,952,245	$	1,988,824

Revenue Derived from Major Customers

Major Customers

Revenue derived from major customers is as follows (in thousands):

	Three Months Ended March 31,
	2020		2019
United States government	$	132,149	$	137,493