Basis of Presentation and Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of Changes in Allowance for Doubtful Accounts

Changes in the Company's allowance for doubtful accounts are as follows:

	Balance at beginning of year		Provision and reserve adjustments		Write-offs less recoveries			Balance at end of year
	(In thousands)
2023	$	1,179	$	1,862	$	(137	)	$	2,904
2022		697		515		(33	)		1,179
2021		552		191		(46	)		697

Schedule of Changes to Obsolete and Excess Inventories Reserve

Changes to the Company's obsolete and excess inventories reserve are as follows:

	Balance at beginning of year		Net additions charged to earnings		Disposals			Balance at end of year
	(In thousands)
2023	$	6,681	$	2,135	$	(1,942	)	$	6,874
2022		6,078		1,498		(895	)		6,681
2021		6,400		1,329		(1,651	)		6,078

Schedule of Carrying Value and Accumulated Amortization of Intangible Assets

The carrying value and accumulated amortization by major class of intangible assets are as follows:

	December 31, 2023				December 31, 2022
	Gross carrying amount		Accumulated amortization		Gross carrying amount		Accumulated amortization
	(In thousands)
Technologies	$	66,157	$	41,845	$	58,504	$	37,857
Intellectual property		7,086		1,301		6,857		840
Non-compete agreements		627		610		691		661
Licenses		650		578		650		560
Customer lists		8,235		5,863		8,058		5,097
Customer relationships		27,884		12,936		38,602		22,023
Trade names		15,424		9,193		15,880		8,597
Total intangibles	$	126,063	$	72,326	$	129,242	$	75,635

Changes in Warranty and After-Sale Costs Reserve

Changes in the Company's warranty and after-sale costs reserve are as follows:

	Balance at beginning of year		Provision of acquired business		Net additions charged to earnings		Costs incurred			Balance at end of year
	(In thousands)
2023	$	9,606	$	93	$	9,759	$	(8,356	)	$	11,102
2022		12,868		-		5,624		(8,886	)		9,606
2021		11,617		-		5,856		(4,605	)		12,868

Schedule of Accumulated Other Comprehensive Loss

Components of accumulated other comprehensive loss at December 31, 2023 are as follows:

(In thousands)	Unrecognized pension and postretirement  benefits			Foreign currency			Total
Balance at beginning of period	$	994		$	(6,977	)	$	(5,983	)
Other comprehensive income before reclassifications		-			4,411			4,411
Amounts reclassified from accumulated other comprehensive income, net of tax of ($26)		(74	)		-			(74	)
Net current period other comprehensive loss, net of tax		(74	)		4,411			4,337
Accumulated other comprehensive loss	$	920		$	(2,566	)	$	(1,646	)

Reclassifications out of accumulated other comprehensive income during 2023 were immaterial.

Components of accumulated other comprehensive income at December 31, 2022 are as follows:

(In thousands)	Unrecognized pension and postretirement  benefits		Foreign currency			Total
Balance at beginning of period	$	394	$	(258	)	$	136
Other comprehensive loss before reclassifications		-		(6,719	)		(6,719	)
Amounts reclassified from accumulated other comprehensive income, net of tax of ($197)		600		-			600
Net current period other comprehensive loss, net of tax		600		(6,719	)		(6,119	)
Accumulated other comprehensive loss	$	994	$	(6,977	)	$	(5,983	)

Reclassifications out of accumulated other comprehensive income during 2022 were immaterial.