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Business Segments (Tables)
6 Months Ended
Jun. 30, 2023
Segment Reporting, Measurement Disclosures [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table presents information about the performance of the Company’s reportable segments:
Three Months Ended
June 30,
Six Months Ended
June 30,
2023202220232022
Net sales
Americas$253,219 $235,809 $504,632 $447,900 
EMEA143,533 145,535 295,982 292,354 
Asia/Pacific98,692 111,044 194,978 226,305 
Total net sales$495,444 $492,388 $995,592 $966,559 
Segment operating earnings
Americas$69,007 $52,137 $135,132 $97,316 
EMEA25,583 20,076 53,154 43,324 
Asia/Pacific27,989 24,922 55,641 49,423 
Total segment operating earnings122,579 97,135 243,927 190,063 
Combination, integration and other acquisition-related expenses— (1,832)— (5,885)
Restructuring and related (charges) credits, net(1,043)(5,015)(819)
Non-operating and administrative expenses(49,950)(48,579)(101,721)(92,042)
Depreciation of corporate assets and amortization(14,791)(14,822)(30,467)(30,011)
Operating income56,795 31,903 106,724 61,306 
Other expense, net(3,606)(8,399)(5,845)(10,605)
Interest expense, net(12,721)(6,494)(25,963)(11,839)
Income before taxes and equity in net income of associated companies$40,468 $17,010 $74,916 $38,862 
The following table summarizes inter-segment revenues. All inter-segment transactions have been eliminated from each reportable segment’s net sales and earnings for all periods presented in the above tables.
Three Months Ended
June 30,
Six Months Ended
June 30,
2023202220232022
Americas2,179 3,441 5,006 6,497 
EMEA7,463 15,634 13,556 27,810 
Asia/Pacific476 115 536 412