Business Segments and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Information on Company's Business Segments

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.


	2020		2019		2018
	(In thousands)
NET SALES
Fluid & Metering Technologies
External customers	$	895,474	$	956,523	$	951,275
Intersegment sales	830		505		277
Total segment sales	896,304		957,028		951,552
Health & Science Technologies
External customers	893,353		912,623		895,970
Intersegment sales	2,609		1,823		449
Total segment sales	895,962		914,446		896,419
Fire & Safety/Diversified Products
External customers	562,819		625,427		636,421
Intersegment sales	32		1,343		607
Total segment sales	562,851		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 Products	144,191		165,258		168,601
Corporate office and other	(64,845)		(71,711)		(80,252)
Total operating income	520,713		579,003		569,088
Interest expense	44,746		44,341		44,134
Other (income) expense - net	5,627		1,759		(3,985)
Income before taxes	$	470,340	$	532,903	$	528,939


	2020		2019		2018
	(In thousands)
ASSETS
Fluid & Metering Technologies	$	1,387,067	$	1,150,712	$	1,107,777
Health & Science Technologies	1,576,093		1,507,108		1,329,368
Fire & Safety/Diversified Products	891,864		825,398		806,075
Corporate office and other	559,374		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 Technologies	41,778		39,721		39,939
Fire & Safety/Diversified Products	15,216		14,333		14,493
Corporate office and other	562		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 Technologies	27,626		22,001		26,039
Fire & Safety/Diversified Products	8,913		9,811		10,318
Corporate office and other	3,082		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.

Schedule of Sales From External Customers and Long-Lived Assets

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.


	2020		2019		2018
	(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
Europe	99,989		88,104		85,100
Asia	23,950		22,505		21,355
Other	147		157		256
Total long-lived assets - net	$	298,273	$	280,316	$	281,220