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Accrued and Other Liabilities (Tables)
12 Months Ended
Dec. 31, 2024
Accrued Liabilities [Abstract]  
Schedule of Accrued and Other Liabilities Accrued and Other liabilities in the Consolidated Balance Sheets.
December 31, 2024December 31, 2023
CurrentNoncurrentCurrentNoncurrent
(In thousands)
Accrued taxes and deferred tax liabilities$46,395 $151,642 $45,681 $144,662 
Compensation and related benefits80,45148,35097,05252,589
Asbestos liability 40,779253,28732,908234,796
Contract liability26,39031,248
Lease liability21,45966,04222,79476,609
Warranty liability 12,79412,606
Third-party commissions17,34618,711
Restructuring liability4,7323745,345354
Accrued interest8,077711
Other40,13513,24146,43333,823
$298,558 $532,936 $313,489 $542,833 
Schedule of Product Warranty Liability
The table below summarizes the activity in the Company’s warranty liability included in Accrued liabilities in the Company’s Consolidated Balance Sheets.
Year Ended December 31,
20242023
(In thousands)
Warranty liability, beginning of period$12,606 $12,946 
Accrued warranty expense10,570 5,794 
Changes in estimates related to pre-existing warranties1,624 3,097 
Cost of warranty service work performed(11,426)(10,710)
Foreign exchange translation effect and other(580)1,479 
Warranty liability, end of period$12,794 $12,606 
Schedule of Restructuring Reserve by Type of Cost The table below summarizes the activity in the Company’s restructuring liability included in Accrued liabilities and Other liabilities in the Consolidated Balance Sheets.
Year Ended December 31, 2024
Balance at Beginning of PeriodChargesPaymentsForeign Currency TranslationBalance at End of Period
(In thousands)
Restructuring and other related charges:
Termination benefits(1)
$4,595 $4,538 $(5,288)$— $3,845 
Facility closure costs and other(2)
1,104 5,689 (5,112)(420)1,261 
$5,699 $10,227 $(10,400)$(420)$5,106 
(1) Includes severance and other termination benefits, including outplacement services.
(2) Includes the cost of relocating associates, relocating equipment and other costs in connection with the closure and optimization of facilities and product lines.
Year Ended December 31, 2023
Balance at Beginning of PeriodChargesPaymentsForeign Currency TranslationBalance at End of Period
(In thousands)
Restructuring and other related charges:
Termination benefits(1)
$4,910 $10,017 $(10,223)$(109)$4,595 
Facility closure costs(2)
2,908 8,637 (10,483)42 1,104 
Subtotal$7,818 18,654 $(20,706)$(67)$5,699 
Non-cash charges(3)
5,456 
$24,110 
(1) Includes severance and other termination benefits, including outplacement services.
(2) Includes the cost of relocating associates, relocating equipment, lease termination expenses and other costs in connection with the closure and optimization of facilities and product lines.
(3) Includes impairment of long-lived assets in connection with the closure and optimization of facilities and product lines.