XML 43 R32.htm IDEA: XBRL DOCUMENT v3.19.2
Revenue (Tables)
 6 Months Ended
Jun. 30, 2019
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
Revenue by reporting unit for the three and six months ended June 30, 2019 and 2018 was as follows:
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2019
 
2018
 
2019
 
2018
Energy
$
40,608

 
$
40,779

 
$
80,006

 
$
79,538

Valves
29,809

 
28,830

 
59,191

 
54,859

Water
65,148

 
65,171

 
126,280

 
124,011

Pumps
87,125

 
82,735

 
175,385

 
163,401

Agriculture
23,499

 
25,285

 
47,849

 
53,324

Intersegment elimination
(78
)
 
(45
)
 
(264
)
 
(117
)
Fluid & Metering Technologies
246,111

 
242,755

 
488,447

 
475,016

Scientific Fluidics & Optics
109,554

 
104,106

 
216,862

 
203,613

Sealing Solutions
46,431

 
51,634

 
96,937

 
105,336

Gast
37,399

 
30,903

 
71,308

 
59,415

Micropump
8,271

 
9,800

 
17,026

 
19,098

Material Processing Technologies
30,598

 
30,960

 
55,410

 
61,016

Intersegment elimination
(81
)
 
(36
)
 
(683
)
 
(144
)
Health & Science Technologies
232,172

 
227,367

 
456,860

 
448,334

Fire & Safety
103,257

 
99,940

 
202,705

 
196,152

BAND-IT
27,758

 
26,981

 
55,670

 
54,455

Dispensing
33,028

 
37,379

 
61,827

 
72,866

Intersegment elimination
(227
)
 
(62
)
 
(1,179
)
 
(139
)
Fire & Safety/Diversified Products
163,816

 
164,238

 
319,023

 
323,334

Total net sales
$
642,099

 
$
634,360

 
$
1,264,330

 
$
1,246,684
Schedule of External Net Sales Disaggregated by Geography
Revenue by geographical region for the three and six months ended June 30, 2019 and 2018 was as follows:
 
Three Months Ended June 30, 2019
 
FMT
 
HST
 
FSDP
 
IDEX
U.S.
$
139,786

 
$
106,193

 
$
78,898

 
$
324,877

North America, excluding U.S.
14,628

 
5,497

 
6,418

 
26,543

Europe
43,949

 
65,798

 
43,813

 
153,560

Asia
32,353

 
50,502

 
26,744

 
109,599

Other (1)
15,473

 
4,263

 
8,170

 
27,906

Intersegment elimination
(78
)
 
(81
)
 
(227
)
 
(386
)
Total net sales
$
246,111

 
$
232,172

 
$
163,816

 
$
642,099

 
Three Months Ended June 30, 2018
 
FMT
 
HST
 
FSDP
 
IDEX
U.S.
$
139,347

 
$
97,544

 
$
75,747

 
$
312,638

North America, excluding U.S. (2)
—

 
—

 
—

 
—

Europe
40,097

 
74,023

 
43,702

 
157,822

Asia
34,899

 
48,240

 
30,065

 
113,204

Other (3)
28,457

 
7,596

 
14,786

 
50,839

Intersegment elimination
(45
)
 
(36
)
 
(62
)
 
(143
)
Total net sales
$
242,755

 
$
227,367

 
$
164,238

 
$
634,360

 
Six Months Ended June 30, 2019
 
FMT
 
HST
 
FSDP
 
IDEX
U.S.
$
277,935

 
$
205,244

 
$
153,575

 
$
636,754

North America, excluding U.S.
27,685

 
10,389

 
12,398

 
50,472

Europe
87,573

 
135,170

 
86,875

 
309,618

Asia
64,270

 
98,561

 
50,304

 
213,135

Other (1)
31,248

 
8,179

 
17,050

 
56,477

Intersegment elimination
(264
)
 
(683
)
 
(1,179
)
 
(2,126
)
Total net sales
$
488,447

 
$
456,860

 
$
319,023

 
$
1,264,330

 
Six Months Ended June 30, 2018
 
FMT
 
HST
 
FSDP
 
IDEX
U.S.
$
272,500

 
$
191,352

 
$
148,244

 
$
612,096

North America, excluding U.S. (2)
—

 
—

 
—

 
—

Europe
83,696

 
147,802

 
90,821

 
322,319

Asia
61,297

 
92,788

 
54,298

 
208,383

Other (3)
57,640

 
16,536

 
30,110

 
104,286

Intersegment elimination
(117
)
 
(144
)
 
(139
)
 
(400
)
Total net sales
$
475,016

 
$
448,334

 
$
323,334

 
$
1,246,684


(1) Other in 2019 includes: South America, Middle East, Australia and Africa.
(2) Revenue from North America, excluding U.S. of $15,631 from FMT, $4,038 from HST and $6,297 from FSDP were included in Other for the three months ended June 30, 2018. Revenue from North America, excluding U.S. of $29,219 from FMT, $7,358 from HST and $13,906 from FSDP were included in Other for the six months ended June 30, 2018.
(3) Other in 2018 includes: North America, excluding U.S., South America, Middle East, Australia and Africa.
Schedule of Contract with Customer, Asset and Liability
The composition of Customer receivables was as follows:
 
June 30, 
 2019
 
December 31, 
 2018
Billed receivables
$
314,714

 
$
299,227

Unbilled receivables
12,034

 
14,492

Total customer receivables
$
326,748

 
$
313,719
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The composition of Deferred revenue was as follows:
 
June 30, 
 2019
 
December 31, 
 2018
Deferred revenue - current
$
11,861

 
$
8,055

Deferred revenue - noncurrent
2,512

 
3,027

Total deferred revenue
$
14,373

 
$
11,082