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Business Segments and Geographic Information
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Business Segments and Geographic Information Business Segments and Geographic InformationIDEX has three reportable business segments: Fluid & Metering Technologies, Health & Science Technologies and Fire & Safety/Diversified Products.
The Fluid & Metering Technologies segment designs, produces and distributes positive displacement pumps, small volume provers, flow meters, injectors and other fluid-handling pump modules and systems and provides flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agriculture and energy industries.

The Health & Science Technologies segment designs, produces and distributes a wide range of precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction and drying systems used in beverage, food processing, pharmaceutical and cosmetics, pneumatic components and sealing solutions, including very high precision, low-flow rate pumping solutions required in analytical instrumentation, clinical diagnostics and drug discovery, high performance molded and extruded sealing components, custom mechanical and shaft seals for a variety of end markets including food and beverage, marine, chemical, wastewater and water treatment, engineered hygienic mixers and valves for the global biopharmaceutical industry, biocompatible medical devices and implantables, air compressors used in medical, dental and industrial applications, optical components and coatings for applications in the fields of scientific research, defense, biotechnology, aerospace, telecommunications and electronics manufacturing, laboratory and commercial equipment used in the production of micro and nano scale materials, precision photonic solutions used in life sciences, research and defense markets and precision gear and peristaltic pump technologies that meet exacting original equipment manufacturer specifications.

The Fire & Safety/Diversified Products segment designs, produces and distributes firefighting pumps, valves and controls, rescue tools, lifting bags and other components and systems for the fire and rescue industry, engineered stainless steel banding and clamping devices used in a variety of industrial and commercial applications and precision equipment for dispensing, metering and mixing colorants and paints used in a variety of retail and commercial businesses around the world.

Information on the Company’s business segments is presented below based on the nature of products and services offered. The Company evaluates performance based on several factors, of which sales, operating income and operating margin are the primary financial measures. Intersegment sales are accounted for at fair value as if the sales were to third parties.
202020192018
 (In thousands)
NET SALES
Fluid & Metering Technologies
External customers$895,474 $956,523 $951,275 
Intersegment sales830 505 277 
 Total segment sales896,304 957,028 951,552 
Health & Science Technologies
External customers893,353 912,623 895,970 
Intersegment sales2,609 1,823 449 
Total segment sales895,962 914,446 896,419 
Fire & Safety/Diversified Products
External customers562,819 625,427 636,421 
Intersegment sales32 1,343 607 
Total segment sales562,851 626,770 637,028 
Intersegment eliminations(3,471)(3,671)(1,333)
Total net sales$2,351,646 $2,494,573 $2,483,666 
OPERATING INCOME (LOSS) (1)
Fluid & Metering Technologies $235,011 $285,256 $275,060 
Health & Science Technologies 206,356 200,200 205,679 
Fire & Safety/Diversified Products144,191 165,258 168,601 
Corporate office and other(64,845)(71,711)(80,252)
Total operating income520,713 579,003 569,088 
Interest expense44,746 44,341 44,134 
Other (income) expense - net5,627 1,759 (3,985)
Income before taxes$470,340 $532,903 $528,939 
 
202020192018
 (In thousands)
ASSETS
Fluid & Metering Technologies$1,387,067 $1,150,712 $1,107,777 
Health & Science Technologies1,576,093 1,507,108 1,329,368 
Fire & Safety/Diversified Products891,864 825,398 806,075 
Corporate office and other559,374 330,694 230,637 
Total assets$4,414,398 $3,813,912 $3,473,857 
DEPRECIATION AND AMORTIZATION (2)
Fluid & Metering Technologies$25,939 $22,152 $22,370 
Health & Science Technologies41,778 39,721 39,939 
Fire & Safety/Diversified Products15,216 14,333 14,493 
Corporate office and other562 670 742 
Total depreciation and amortization$83,495 $76,876 $77,544 
CAPITAL EXPENDITURES
Fluid & Metering Technologies$11,924 $17,285 $19,541 
Health & Science Technologies27,626 22,001 26,039 
Fire & Safety/Diversified Products8,913 9,811 10,318 
Corporate office and other3,082 1,815 191 
Total capital expenditures$51,545 $50,912 $56,089 
 
(1)Segment operating income (loss) excludes net unallocated corporate operating expenses.
(2)Excludes amortization of debt issuance expenses.

Information about the Company’s long-lived assets in different geographical regions for the years ended December 31, 2020, 2019 and 2018 is shown below.

202020192018
 (In thousands)
LONG-LIVED ASSETS — PROPERTY, PLANT AND EQUIPMENT
U.S.$169,159 $165,721 $171,111 
North America, excluding U.S.5,028 3,829 3,398 
Europe99,989 88,104 85,100 
Asia23,950 22,505 21,355 
Other 147 157 256 
Total long-lived assets - net$298,273 $280,316 $281,220