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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Dec. 31, 2020
USD ($)
$ / shares
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Average
summary
compensation
table total
to non-PEO
named
executive
officers
($)
(d)
Average
compensation
actually paid
to non-PEO
named
executive
officers
($)
(e)
Value of Initial fixed $100
investment based on:
Year
(a)
Summary
Compensation
Table total
For
PEO (Chand)
Summary
Compensation
table total
for
PEO (Vestjens)
($)
(b)
Summary
Compensation
table total
for
PEO (Stroup)
($)
(b)
Compensation
actually paid
To NEO(Chand)
Compensation
actually paid
to NEO (Vestjens)
($)
(c)
Compensation
actually paid
to NEO (Stroup)
($)
(c)
Total
shareholder
return
($)
(f)
Peer
group
total
shareholder
return
($)
(g)
Net
Income
($)
(h)
Adjusted
Earnings
Per Share
($)
(i)
202312,758,233168,8979,672,571(13,167,871)2,627,6272,492,083143154242,556,0006.83
20226,936,52715,372,7982,101,9353,772,922132128254,822,0006.41
20216,831,32311,850,0222,870,2173,781,89912113664,317,0004.75
20202,648,1918,385,6341,531,5473,901,9461,985,9101,188,94877112(55,058,000)2.75
     
Company Selected Measure Name Adjusted Earnings Per Share      
Named Executive Officers, Footnote   Dr. Chand and Mr. Roel Vestjens each shared as our PEO for a portion of 2023. Mr. Vestjens was our principal executive officer (PEO) for the full year in each of 2022 and 2021. For 2020, Mr. Vestjens and Mr. John Stroup each served as PEO for a portion of the year. In 2023, our Non-PEO named executive officers were Messrs. Parks, Anderson and Lieser, and Ms. Tate. In 2022, our non-PEO named executive officers were Messrs. Parks and Anderson, Dr. Chand, and Mr., Anshu Mehrotra. In 2021, our non-PEO named executive officers were Messrs. Parks, Anderson, and Mehrotra, Dr. Chand, and Mr. Henk Derksen. In 2020, our non-PEO named executive officers were Messrs. Derksen and Anderson, Dr. Chand, and Mr. Dean McKenna.    
Peer Group Issuers, Footnote For the purposes of this Pay Versus Performance disclosure, our peer group is the S&P Composite 1500 Industrials Index (the “Peer Group”). For each covered year, our Peer Group cumulative shareholder return was calculated based on a deemed fixed investment of $100 through the measurement period.      
Adjustment To PEO Compensation, Footnote For each of 2023, 2022, 2021, and 2020 (each, a “Covered Year”), in determining both the compensation “actually paid” to our PEO(s) and the average compensation actually paid to our non-PEO named executive officers for purposes of this Pay Versus Performance table (“PVP Table”), we deducted from or added back to the total amounts of compensation reported in column (b) or (d), as applicable, for such Covered Year, the following amounts:
Item and Value Added (Deducted)2023202220212020
For Dr. Chand
- change in actuarial present value of pension benefits$0---
---
+ service cost of pension benefits$0---
+ prior service cost of pension benefits$0---
- SCT “Stock Awards” column value$9,767,895---
---
- SCT “Option Awards” column value$950,346---
+ Covered year-end fair value of outstanding equity awards granted in Covered Year$6,883,385---
+/- change in fair value (from prior year-end to Covered Year-end) of equity awards outstanding at Covered Year-end that were granted in prior years$40,982---
---
+ vesting date fair value of equity awards granted and vested in Covered Year$0---
+/- change in fair value (from prior year-end to vest date in Covered Year) of prior-year equity awards vested in Covered Year$691,788---
- prior year-end fair value of prior-year equity awards forfeited in Covered Year$0---
+ includable dividends/earnings paid or accrued on equity awards during Covered Year$16,424---
For Mr. Vestjens
- change in actuarial present value of pension benefits$0$0$0$0
+ service cost of pension benefits$0$0$0$0
+ prior service cost of pension benefits$0$0$0$0
- SCT “Stock Awards” column value$0$3,026,712$3,077,646$1,133,356
- SCT “Option Awards” column value$0$874,650$895,635$197,989
+ Covered year-end fair value of outstanding equity awards granted in Covered Year$0$11,481,543$7,506,516$968,550
+/- change in fair value (from prior year-end to Covered Year-end) of equity awards outstanding at Covered Year-end that were granted in prior years$0$943,557$930,622$(663,721)
+ vesting date fair value of equity awards granted and vested in Covered Year$0$0$0$0
+/- change in fair value (from prior year-end to vest date in Covered Year) of prior-year equity awards vested in Covered Year$586,309$(35,512)$546,513($95,009)
- prior year-end fair value of prior-year equity awards forfeited in Covered Year$(13,923,078)$0$0$0
+ includable dividends/earnings paid or accrued on equity awards during Covered Year$0$7,770$8,329$4,881
For Mr. Stroup
- change in actuarial present value of pension benefits---$448,473
---
+ service cost of pension benefits---$178,758
+ prior service cost of pension benefits---$0
- SCT “Stock Awards” column value---$6,835,918
---
- SCT “Option Awards” column value---$0
+ Covered year-end fair value of outstanding equity awards granted in Covered Year---$4,312,695
+/- change in fair value (from prior year-end to Covered Year-end) of equity awards outstanding at Covered Year-end that were granted in prior years---$(1,384,045)
---
+ vesting date fair value of equity awards granted and vested in Covered Year---$0
+/- change in fair value (from prior year-end to vest date in Covered Year) of prior-year equity awards vested in Covered Year---$(322,304)
- prior year-end fair value of prior-year equity awards forfeited in Covered Year---$0
+ includable dividends/earnings paid or accrued on equity awards during Covered Year---$15,599
For Non-PEO Named Executive Officers (Average):
- change in actuarial present value of pension benefits$47,279$0$6,839$78,767
+ service cost of pension benefits$8,116$10,348$18,682$22,350
+ prior service cost of pension benefits$0$0$0$0
- SCT “Stock Awards” column value$1,298,887$624,214$1,314,184$826,883
- SCT “Option Awards” column value$229,846$167,466$138,351$153,156
+ year-end fair value (from prior year-end to Covered year-end) of equity awards granted in Covered Year$1,080,900$2,243,314$2,135,122$693,974
+/- change in fair value of outstanding equity awards granted in prior years$85,230$311,697$396,261$(441,802)
+ vesting date fair value of equity awards granted and vested in Covered Year$0$0$0$0
+/- change in fair value (from prior year-end to vest date in Covered Year) of prior-year equity awards vested in Covered Year$262,632$(57,911)$38,593$(17,327)
- prior year-end fair value of prior-year equity awards forfeited in Covered Year$0$0$221,889$0
+ includable dividends/earnings paid or accrued on equity awards during Covered Year$3,741$4,479$4,286$4,649
     
Non-PEO NEO Average Total Compensation Amount $ 2,627,627 $ 2,101,935 $ 2,870,217 $ 1,985,910
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,492,083 3,772,922 3,781,899 1,188,948
Adjustment to Non-PEO NEO Compensation Footnote For each of 2023, 2022, 2021, and 2020 (each, a “Covered Year”), in determining both the compensation “actually paid” to our PEO(s) and the average compensation actually paid to our non-PEO named executive officers for purposes of this Pay Versus Performance table (“PVP Table”), we deducted from or added back to the total amounts of compensation reported in column (b) or (d), as applicable, for such Covered Year, the following amounts:
Item and Value Added (Deducted)2023202220212020
For Dr. Chand
- change in actuarial present value of pension benefits$0---
---
+ service cost of pension benefits$0---
+ prior service cost of pension benefits$0---
- SCT “Stock Awards” column value$9,767,895---
---
- SCT “Option Awards” column value$950,346---
+ Covered year-end fair value of outstanding equity awards granted in Covered Year$6,883,385---
+/- change in fair value (from prior year-end to Covered Year-end) of equity awards outstanding at Covered Year-end that were granted in prior years$40,982---
---
+ vesting date fair value of equity awards granted and vested in Covered Year$0---
+/- change in fair value (from prior year-end to vest date in Covered Year) of prior-year equity awards vested in Covered Year$691,788---
- prior year-end fair value of prior-year equity awards forfeited in Covered Year$0---
+ includable dividends/earnings paid or accrued on equity awards during Covered Year$16,424---
For Mr. Vestjens
- change in actuarial present value of pension benefits$0$0$0$0
+ service cost of pension benefits$0$0$0$0
+ prior service cost of pension benefits$0$0$0$0
- SCT “Stock Awards” column value$0$3,026,712$3,077,646$1,133,356
- SCT “Option Awards” column value$0$874,650$895,635$197,989
+ Covered year-end fair value of outstanding equity awards granted in Covered Year$0$11,481,543$7,506,516$968,550
+/- change in fair value (from prior year-end to Covered Year-end) of equity awards outstanding at Covered Year-end that were granted in prior years$0$943,557$930,622$(663,721)
+ vesting date fair value of equity awards granted and vested in Covered Year$0$0$0$0
+/- change in fair value (from prior year-end to vest date in Covered Year) of prior-year equity awards vested in Covered Year$586,309$(35,512)$546,513($95,009)
- prior year-end fair value of prior-year equity awards forfeited in Covered Year$(13,923,078)$0$0$0
+ includable dividends/earnings paid or accrued on equity awards during Covered Year$0$7,770$8,329$4,881
For Mr. Stroup
- change in actuarial present value of pension benefits---$448,473
---
+ service cost of pension benefits---$178,758
+ prior service cost of pension benefits---$0
- SCT “Stock Awards” column value---$6,835,918
---
- SCT “Option Awards” column value---$0
+ Covered year-end fair value of outstanding equity awards granted in Covered Year---$4,312,695
+/- change in fair value (from prior year-end to Covered Year-end) of equity awards outstanding at Covered Year-end that were granted in prior years---$(1,384,045)
---
+ vesting date fair value of equity awards granted and vested in Covered Year---$0
+/- change in fair value (from prior year-end to vest date in Covered Year) of prior-year equity awards vested in Covered Year---$(322,304)
- prior year-end fair value of prior-year equity awards forfeited in Covered Year---$0
+ includable dividends/earnings paid or accrued on equity awards during Covered Year---$15,599
For Non-PEO Named Executive Officers (Average):
- change in actuarial present value of pension benefits$47,279$0$6,839$78,767
+ service cost of pension benefits$8,116$10,348$18,682$22,350
+ prior service cost of pension benefits$0$0$0$0
- SCT “Stock Awards” column value$1,298,887$624,214$1,314,184$826,883
- SCT “Option Awards” column value$229,846$167,466$138,351$153,156
+ year-end fair value (from prior year-end to Covered year-end) of equity awards granted in Covered Year$1,080,900$2,243,314$2,135,122$693,974
+/- change in fair value of outstanding equity awards granted in prior years$85,230$311,697$396,261$(441,802)
+ vesting date fair value of equity awards granted and vested in Covered Year$0$0$0$0
+/- change in fair value (from prior year-end to vest date in Covered Year) of prior-year equity awards vested in Covered Year$262,632$(57,911)$38,593$(17,327)
- prior year-end fair value of prior-year equity awards forfeited in Covered Year$0$0$221,889$0
+ includable dividends/earnings paid or accrued on equity awards during Covered Year$3,741$4,479$4,286$4,649
     
Compensation Actually Paid vs. Total Shareholder Return
3881
     
Compensation Actually Paid vs. Net Income
3883
     
Compensation Actually Paid vs. Company Selected Measure
3885
     
Total Shareholder Return Vs Peer Group
3881
     
Tabular List, Table
Performance Measure
2023 Consolidated Net Income$242,556,000
2023 Consolidated EBITDA$438,100,000
2023 Consolidated Revenue$2,512,084
Relative Total Shareholder Return (S&P Industrial 1500 Index) (2021-2023)79%
Consolidated Free Cash Flow (2021-2023)$216,692
2023 Adjusted Earnings Per Share$6.83
     
Total Shareholder Return Amount $ 143 132 121 77
Peer Group Total Shareholder Return Amount 154 128 136 112
Net Income (Loss) $ 242,556,000 $ 254,822,000 $ 64,317,000 $ (55,058,000)
Company Selected Measure Amount | $ / shares 6.83 6.41 4.75 2.75
PEO Name   Mr. Vestjens Mr. Vestjens  
Additional 402(v) Disclosure For each Covered Year, our total shareholder return was calculated as the yearly percentage change in our cumulative total shareholder return on our common stock, measured as the quotient of (a) the sum of (i) the cumulative amount of dividends for a period beginning with our closing price on NYSE on December 31, 2019 through and including the last day of the fiscal year covered (the “Measurement Period”), assuming dividend reinvestment, plus (ii) the difference between our closing stock price at the end versus the beginning of the Measurement Period ($77.25 per share and $55.79 per share, respectively), divided by (b) our closing share price at the beginning of the Measurement Period ($55.79 per share). Each of these yearly percentage changes was then applied to a deemed fixed investment of $100 at the beginning of the Measurement Period to produce the Covered Year-end values of such investment as of the end of 2023, 2022, 2021 and 2020, as applicable. Because Covered Years are presented in the table in reverse chronical order (from top to bottom), the table should be read from bottom to top for purposes of understanding cumulative returns over time.As a result of SEC Guidance released in November of 2023, the Compensation Actually Received figures related to 2022 have been revised to account for the change in value of PSUs between the end of their measurement period, in this instance December 31, 2022, and their February 2023 distribution date.      
Measure:: 1        
Pay vs Performance Disclosure        
Name 2023 Consolidated Net Income      
Measure:: 2        
Pay vs Performance Disclosure        
Name 2023 Consolidated EBITDA      
Measure:: 3        
Pay vs Performance Disclosure        
Name 2023 Consolidated Revenue      
Measure:: 4        
Pay vs Performance Disclosure        
Name Relative Total Shareholder Return (S&P Industrial 1500 Index) (2021-2023)      
Measure:: 5        
Pay vs Performance Disclosure        
Name Consolidated Free Cash Flow (2021-2023)      
Measure:: 6        
Pay vs Performance Disclosure        
Name 2023 Adjusted Earnings Per Share      
Non-GAAP Measure Description The Company selected measure is Adjusted Earnings Per Share, as presented in the Company’s 2023 Annual Report on Form 10-K, filed on February 8, 2024      
Chand [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 12,758,233      
PEO Actually Paid Compensation Amount $ 9,672,571      
PEO Name Dr. Chand      
Vestjens [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 168,897 $ 6,936,527 $ 6,831,323 $ 2,648,191
PEO Actually Paid Compensation Amount $ (13,167,871) 15,372,798 11,850,022 $ 1,531,547
PEO Name Mr. Roel Vestjens     Mr. Vestjens
Stroup [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount       $ 8,385,634
PEO Actually Paid Compensation Amount       $ 3,901,946
PEO Name       Mr. John Stroup
PEO | Chand [Member] | Change In Pension Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0      
PEO | Chand [Member] | Pension Adjustments, Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Chand [Member] | Pension Adjustments, Prior Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Chand [Member] | Stock Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 9,767,895      
PEO | Chand [Member] | Option Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 950,346      
PEO | Chand [Member] | Equity Awards Reported Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 6,883,385      
PEO | Chand [Member] | Equity Awards Granted In Prior Years, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 40,982      
PEO | Chand [Member] | Equity Awards Granted During The Year, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Chand [Member] | Equity Awards Granted In Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 691,788      
PEO | Chand [Member] | Equity Awards That Failed To Meet Vesting Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | Chand [Member] | Equity Awards, Value Of Dividends And Other Earnings Paid Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 16,424      
PEO | Vestjens [Member] | Change In Pension Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 $ 0
PEO | Vestjens [Member] | Pension Adjustments, Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Vestjens [Member] | Pension Adjustments, Prior Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Vestjens [Member] | Stock Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 3,026,712 3,077,646 1,133,356
PEO | Vestjens [Member] | Option Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 874,650 895,635 197,989
PEO | Vestjens [Member] | Equity Awards Reported Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 11,481,543 7,506,516 968,550
PEO | Vestjens [Member] | Equity Awards Granted In Prior Years, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 943,557 930,622 (663,721)
PEO | Vestjens [Member] | Equity Awards Granted During The Year, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
PEO | Vestjens [Member] | Equity Awards Granted In Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 586,309 (35,512) 546,513 (95,009)
PEO | Vestjens [Member] | Equity Awards That Failed To Meet Vesting Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (13,923,078) 0 0 0
PEO | Vestjens [Member] | Equity Awards, Value Of Dividends And Other Earnings Paid Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 7,770 8,329 4,881
PEO | Stroup [Member] | Change In Pension Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       448,473
PEO | Stroup [Member] | Pension Adjustments, Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       178,758
PEO | Stroup [Member] | Pension Adjustments, Prior Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       0
PEO | Stroup [Member] | Stock Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       6,835,918
PEO | Stroup [Member] | Option Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       0
PEO | Stroup [Member] | Equity Awards Reported Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       4,312,695
PEO | Stroup [Member] | Equity Awards Granted In Prior Years, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       (1,384,045)
PEO | Stroup [Member] | Equity Awards Granted During The Year, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       0
PEO | Stroup [Member] | Equity Awards Granted In Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       (322,304)
PEO | Stroup [Member] | Equity Awards That Failed To Meet Vesting Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       0
PEO | Stroup [Member] | Equity Awards, Value Of Dividends And Other Earnings Paid Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount       15,599
Non-PEO NEO | Change In Pension Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 47,279 0 6,839 78,767
Non-PEO NEO | Pension Adjustments, Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 8,116 10,348 18,682 22,350
Non-PEO NEO | Pension Adjustments, Prior Service Cost [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Stock Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,298,887 624,214 1,314,184 826,883
Non-PEO NEO | Option Awards Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 229,846 167,466 138,351 153,156
Non-PEO NEO | Equity Awards Reported Value [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,080,900 2,243,314 2,135,122 693,974
Non-PEO NEO | Equity Awards Granted In Prior Years, Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 85,230 311,697 396,261 (441,802)
Non-PEO NEO | Equity Awards Granted During The Year, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 0 0
Non-PEO NEO | Equity Awards Granted In Prior Years, Vested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 262,632 (57,911) 38,593 (17,327)
Non-PEO NEO | Equity Awards That Failed To Meet Vesting Conditions [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0 0 221,889 0
Non-PEO NEO | Equity Awards, Value Of Dividends And Other Earnings Paid Adjustment [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 3,741 $ 4,479 $ 4,286 $ 4,649