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Revenue (Tables)
9 Months Ended
Sep. 30, 2021
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
Revenue by reporting unit for the three and nine months ended September 30, 2021 and 2020 was as follows:


Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
Energy$40,430 $56,155 $125,860 $150,483 
Valves(1)
29,020 29,533 91,565 86,596 
Water(1)
64,865 57,190 189,013 165,114 
Pumps90,026 59,585 261,457 201,970 
Agriculture26,956 18,284 78,044 62,557 
Intersegment elimination— (194)(737)(533)
Fluid & Metering Technologies251,297 220,553 745,202 666,187 
Scientific Fluidics & Optics131,198 100,569 375,990 313,275 
Sealing Solutions67,696 50,726 202,432 151,257 
Performance Pneumatic Technologies(2)
62,181 32,173 125,355 87,558 
Micropump8,519 7,273 24,794 22,260 
Material Processing Technologies32,693 29,637 99,097 85,755 
Intersegment elimination(650)(707)(2,228)(1,744)
Health & Science Technologies301,637 219,671 825,440 658,361 
Fire & Safety92,305 94,065 287,107 280,428 
BAND-IT25,166 22,692 74,843 64,228 
Dispensing41,635 24,139 117,452 67,640 
Intersegment elimination(21)(7)(42)(20)
Fire & Safety/Diversified Products159,085 140,889 479,360 412,276 
Total net sales$712,019 $581,113 $2,050,002 $1,736,824 

(1) During the third quarter of 2021, the Company merged a business in the Water reporting unit with a business in the Valves reporting unit. Revenue for each reporting unit has been restated to reflect this change for each of the three and nine months ended September 30, 2021 and 2020.

(2) This reporting unit was previously named Gast and was renamed Performance Pneumatic Technologies upon the acquisition of Airtech. Prior to that acquisition date, all amounts reflect only the Gast business.
Schedule of External Net Sales Disaggregated by Geography
Revenue by geographical region for the three and nine months ended September 30, 2021 and 2020 was as follows:
Three Months Ended September 30, 2021
FMTHSTFSDPIDEX
U.S.$137,046 $148,195 $79,911 $365,152 
North America, excluding U.S.13,685 5,193 7,178 26,056 
Europe 48,802 86,509 39,967 175,278 
Asia36,861 59,990 24,463 121,314 
Other (1)
14,903 2,400 7,587 24,890 
Intersegment elimination— (650)(21)(671)
Total net sales$251,297 $301,637 $159,085 $712,019 
Three Months Ended September 30, 2020
FMTHSTFSDPIDEX
U.S.$122,352 $98,943 $65,369 $286,664 
North America, excluding U.S. 13,706 5,417 5,680 24,803 
Europe 43,855 59,509 37,437 140,801 
Asia26,010 52,197 25,378 103,585 
Other (1)
14,824 4,312 7,032 26,168 
Intersegment elimination(194)(707)(7)(908)
Total net sales$220,553 $219,671 $140,889 $581,113 

Nine Months Ended September 30, 2021
FMTHSTFSDPIDEX
U.S.$399,123 $355,759 $227,259 $982,141 
North America, excluding U.S.42,645 16,687 22,551 81,883 
Europe 150,098 258,838 127,948 536,884 
Asia108,505 178,971 78,153 365,629 
Other (1)
45,568 17,413 23,491 86,472 
Intersegment elimination(737)(2,228)(42)(3,007)
Total net sales$745,202 $825,440 $479,360 $2,050,002 

Nine Months Ended September 30, 2020
FMTHSTFSDPIDEX
U.S.$384,429 $288,042 $203,940 $876,411 
North America, excluding U.S.38,741 15,911 16,980 71,632 
Europe 127,906 182,596 108,683 419,185 
Asia77,144 161,342 63,500 301,986 
Other (1)
38,500 12,214 19,193 69,907 
Intersegment elimination(533)(1,744)(20)(2,297)
Total net sales$666,187 $658,361 $412,276 $1,736,824 
(1) Other includes: South America, Middle East, Australia and Africa.
Schedule of Contract with Customer, Asset and Liability
The composition of Customer receivables was as follows:
September 30, 2021December 31, 2020
Billed receivables$352,238 $273,536 
Unbilled receivables14,956 14,752 
Total customer receivables$367,194 $288,288 
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The composition of Deferred revenue was as follows:
September 30, 2021December 31, 2020
Deferred revenue - current$45,055 $28,374 
Deferred revenue - noncurrent31,025 30,354 
Total deferred revenue$76,080 $58,728