Industry Segment and Geographic Data (Tables)

12 Months Ended

Dec. 31, 2022

Industry Segment and Geographic Data [Abstract]

Sales and Operating Income by Operating Segments

The accounting policies of each segment are the same as those described in the summary of significant accounting policies (see Note 1). The following tables contain financial information for each reportable segment (in thousands):

	Year Ended December 31,
	2022			2021			2020
Net sales (a):
Engine Management	$	975,243		$	937,936		$	835,685
Temperature Control		382,285			348,423			281,954
Other		14,287			12,457			10,949
Total net sales	$	1,371,815		$	1,298,816		$	1,128,588
Intersegment sales (a):
Engine Management	$	22,845		$	23,599		$	15,952
Temperature Control		9,728			9,024			6,162
Other		(32,573	)		(32,623	)		(22,114	)
Total intersegment sales	$	—		$	—		$	—
Depreciation and Amortization:
Engine Management	$	23,289		$	21,881		$	20,417
Temperature Control		3,266			3,626			4,035
Other		1,743			1,736			1,871
Total depreciation and amortization	$	28,298		$	27,243		$	26,323
Operating income (loss):
Engine Management	$	91,047		$	117,367		$	111,217
Temperature Control		31,712			36,997			21,296
Other		(18,624	)		(25,365	)		(23,618	)
Total operating income	$	104,135		$	128,999		$	108,895
Investment in unconsolidated affiliates:
Engine Management	$	2,490		$	2,729		$	2,428
Temperature Control		39,255			41,358			38,079
Other		—			—			—
Total investment in unconsolidated affiliates	$	41,745		$	44,087		$	40,507
Capital expenditures:
Engine Management	$	19,306		$	21,922		$	13,496
Temperature Control		4,502			2,586			1,988
Other		2,148			1,367			2,336
Total capital expenditures	$	25,956		$	25,875		$	17,820
Total assets:
Engine Management	$	867,433		$	845,767		$	618,210
Temperature Control		283,086			257,114			230,111
Other		104,410			95,080			108,219
Total assets	$	1,254,929		$	1,197,961		$	956,540

(a) Segment net sales include intersegment sales in our Engine Management and Temperature Control segments.

Reconciliation of Segment Operating Income to Net Earnings

Reconciliation of segment operating income to net earnings:

	Year Ended December 31,
	2022			2021			2020
	(In thousands)
Operating income	$	104,135		$	128,999		$	108,895
Other non-operating income, net		4,814			3,494			812
Interest expense		10,617			2,028			2,328
Earnings from continuing operations before income taxes		98,332			130,465			107,379
Provision for income taxes		25,206			31,044			26,962
Earnings from continuing operations		73,126			99,421			80,417
Discontinued operations, net of tax		(17,691	)		(8,467	)		(23,024	)
Net earnings	$	55,435		$	90,954		$	57,393

Long-lived Assets by Geographical Areas

	December 31,
	2022		2021		2020
Long-lived assets (a):	(In thousands)
United States	$	326,199	$	315,983	$	241,053
Asia		76,766		80,175		40,621
Europe		38,351		37,892		16,504
Mexico		10,355		12,119		10,586
Canada		7,161		4,461		4,470
Total long-lived assets	$	458,832	$	450,630	$	313,234

(a) Long-lived assets are attributed to countries based upon the location of the assets.