Business Segments (Tables)

3 Months Ended

Mar. 31, 2024

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 for the three months ended March 31, 2024 and 2023:

Net sales	2024		2023
Americas	$	229,754	$	251,413
EMEA	138,422		152,449
Asia/Pacific	101,583		96,286
Total net sales	$	469,759	$	500,148
Segment operating earnings
Americas	$	66,770	$	66,125
EMEA	29,571		27,571
Asia/Pacific	30,377		27,652
Total segment operating earnings	126,718		121,348
Restructuring and related charges, net	(1,857)		(3,972)
Non-operating and administrative expenses	(54,177)		(51,771)
Depreciation of corporate assets and amortization	(15,158)		(15,676)
Operating income	55,526		49,929
Other income (expense), net	1,080		(2,239)
Interest expense, net	(10,824)		(13,242)
Income before taxes and equity in net income of associated companies	$	45,782	$	34,448

All inter-segment transactions have been eliminated from each reportable segment’s net sales and earnings for all periods presented in the above tables. The following table summarizes inter-segment revenues for the three months ended March 31, 2024 and 2023:

Inter-segment revenues	2024		2023
Americas	$	2,513	$	2,827
EMEA	7,060		6,093
Asia/Pacific	1,131		59