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Business Segments (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Schedule of information about the performance of the Company's reportable segments, sales and total assets
The following tables present information about the performance of the Company’s reportable segments for the years ended December 31, 2022, 2021 and 2020.
202220212020
Net sales
Americas$946,516 $762,211 $607,043 
EMEA562,508 564,128 455,939 
Asia/Pacific434,561 434,819 354,695 
Total net sales$1,943,585 $1,761,158 $1,417,677 
The following tables present information regarding the Company’s reportable segments’ assets and long-lived assets, excluding goodwill, as of December 31, 2022, 2021 and 2020. Management does not use goodwill by segment to evaluate performance or allocate resources.
202220212020
Segment assets, excluding goodwill
Americas$1,196,906 $1,160,921 $1,147,783 
EMEA583,861 685,812 539,598 
Asia/Pacific525,847 477,833 573,241 
Total segment assets$2,306,614 $2,324,566 $2,260,622 
Schedule of information about the performance of the Company's reportable segments, operating earnings
202220212020
Segment operating earnings
Americas$223,629 $176,253 $141,870 
EMEA76,364 110,981 92,493 
Asia/Pacific105,842 109,233 100,196 
Total segment operating earnings405,835 396,467 334,559 
Combination, integration and other acquisition-related expenses(8,779)(23,885)(29,790)
Restructuring and related charges(3,163)(1,433)(5,541)
Fair value step up of acquired inventory sold— (801)(226)
Impairment charges(93,000)— (38,000)
Non-operating and administrative expenses(187,841)(157,309)(144,173)
Depreciation of corporate assets and amortization(60,748)(62,573)(57,469)
Operating income52,304 150,466 59,360 
Other (expense) income, net(12,607)18,851 (5,618)
Interest expense, net(32,579)(22,326)(26,603)
Income before taxes and equity in net income of associated companies$7,118 $146,991 $27,139 
Schedule of reportable segments' long-lived assets, including certain identifiable assets
202220212020
Segment long-lived assets
Americas$150,294 $145,390 $146,074 
EMEA87,279 89,637 94,969 
Asia/Pacific120,761 125,365 128,927 
Total segment long-lived assets$358,334 $360,392 $369,970 
Reconciliation of capital expenditures and depreciation for identifiable assets
The following tables present information regarding the Company’s reportable segments’ capital expenditures and depreciation for identifiable assets for the years ended December 31, 2022, 2021 and 2020:
202220212020
Capital expenditures
Americas$19,121 $11,716 $7,834 
EMEA6,065 7,428 4,377 
Asia/Pacific3,353 2,313 5,690 
Total segment capital expenditures$28,539 $21,457 $17,901 
202220212020
Depreciation
Americas$11,723 $13,599 $14,512 
EMEA6,608 8,294 8,035 
Asia/Pacific4,593 4,756 4,805 
Total segment depreciation$22,924 $26,649 $27,352