XML 41 R30.htm IDEA: XBRL DOCUMENT v3.24.3
Business Segments (Tables)
 9 Months Ended
Sep. 30, 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:
Three Months Ended
September 30,		Nine Months Ended
September 30,
Net sales2024202320242023
Americas$220,275 $245,899 $673,546 $750,531 
EMEA134,135 139,620 410,558 435,602 
Asia/Pacific107,864 105,093 311,496 300,071 
Total net sales$462,274 $490,612 $1,395,600 $1,486,204 
Segment operating earnings
Americas$62,121 $69,148 $193,027 $204,280 
EMEA24,644 27,922 80,867 81,076 
Asia/Pacific30,656 30,963 92,033 86,604 
Total segment operating earnings117,421 128,033 365,927 371,960 
Restructuring and related charges, net(2,610)(1,019)(4,787)(6,034)
Non-operating and administrative expenses(47,778)(52,280)(149,538)(154,001)
Depreciation of corporate assets and amortization(15,315)(15,216)(45,909)(45,683)
Operating income51,718 59,518 165,693 166,242 
Other income (expense), net783 (2,713)2,285 (8,558)
Interest expense, net(10,347)(12,781)(31,925)(38,744)
Income before taxes and equity in net income of associated companies$42,154 $44,024 $136,053 $118,940 
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
September 30,		Nine Months Ended
September 30,
Inter-segment revenues2024202320242023
Americas$2,316 $1,772 $7,214 $6,778 
EMEA4,881 5,161 17,420 18,718 
Asia/Pacific1,504 793 4,580 1,329