Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment revenue and operating profit

Segment revenue and segment operating profit

	Years Ended December 31,
(in thousands)	2019		2018		2017
Segment revenue:
Production & Automation Technologies	$	884,364	$	932,591	$	782,813
Drilling Technologies	246,887		285,565		227,653
Total revenue	$	1,131,251	$	1,218,156	$	1,010,466
Income before income taxes:
Segment operating profit:
Production & Automation Technologies	$	54,024	$	74,187	$	24,567
Drilling Technologies	73,497		98,620		74,317
Total segment operating profit	127,521		172,807		98,884
Corporate expense and other (1)	29,034		23,806		9,666
Interest expense, net	39,301		27,648		863
Income before income taxes	$	59,186	$	121,353	$	88,355

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Corporate expense and other includes costs not directly attributable or allocated to our reporting segments such as corporate executive management and other administrative functions, costs related to our Separation from Dover and the results attributable to our noncontrolling interest.

Reconciliation of Assets from Segment to Consolidated

	December 31,
(in thousands)	2019		2018
Production & Automation Technologies	$	1,668,319	$	1,702,396
Drilling Technologies	209,880		231,438
Corporate	44,626		39,282
Total assets	$	1,922,825	$	1,973,116

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

	December 31,
(in thousands)	2019		2018
Property, plant, and equipment, net:
United States	$	238,464	$	233,809
Middle East	2,760		3,616
Canada	5,749		6,299
Australia	789		254
Latin & South America	419		350
Total property, plant, and equipment, net	$	248,181	$	244,328

Schedule of Segment Reporting Information, by Segment

	Capital Expenditures Years Ended December 31,						Depreciation & Amortization Years Ended December 31,
(in thousands)	2019		2018		2017		2019		2018		2017
Production & Automation Technologies	$	30,291	$	45,190	$	28,483	$	110,131	$	112,955	$	100,912
Drilling Technologies	9,061		11,123		8,171		9,263		11,037		11,950
Corporate	428		1,605		—		544		469		—
Total	$	39,780	$	57,918	$	36,654	$	119,938	$	124,461	$	112,862