Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Revenue and earnings from continuing operations by market segment

Segment financial information and a reconciliation of segment results to consolidated results was as follows:

	Three Months Ended March 31,
	2020		2019
Revenue:
Engineered Products	$	408,160	$	418,851
Fueling Solutions	359,982		373,050
Imaging & Identification	256,765		268,354
Pumps & Process Solutions	319,536		330,219
Refrigeration & Food Equipment	311,913		334,643
Intra-segment eliminations	(417)		(360)
Total consolidated revenue	$	1,655,939	$	1,724,757
Net earnings:
Segment earnings (EBIT): (1)
Engineered Products	$	69,094	$	67,119
Fueling Solutions	53,498		37,230
Imaging & Identification	51,482		55,955
Pumps & Process Solutions (2)	66,079		14,991
Refrigeration & Food Equipment(3)	23,529		24,807
Total segment earnings (EBIT)	263,682		200,102
Corporate expense / other (4)	24,097		30,866
Interest expense	27,268		31,808
Interest income	(1,183)		(890)
Earnings before provision for income taxes	213,500		138,318
Provision for income taxes	37,221		32,613
Net earnings	$	176,279	$	105,705

⁽¹⁾ Segment earnings (EBIT) includes non-operating income and expense directly attributable to the segments. Non-operating income and expense includes gain on sale of a business and other income, net.

⁽²⁾ The three months ended March 31, 2019 includes a $46,946 loss on assets held for sale for Finder.

⁽³⁾ The three months ended March 31, 2020 includes a $6,551 gain on the sale of AMS Chino.

⁽⁴⁾ Certain expenses are maintained at the corporate level and not allocated to the segments. These expenses include executive and functional compensation costs, non-service pension costs, non-operating insurance expenses, shared business services overhead costs, deal related expenses and various administrative expenses relating to the corporate headquarters.

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

The following table presents revenue disaggregated by geography based on the location of the Company's customer:

	Three Months Ended March 31,
Revenue by geography	2020		2019
United States	$	956,640	$	919,892
Europe	361,166		402,645
Asia	154,275		196,350
Other Americas	129,049		138,118
Other	54,809		67,752
Total	$	1,655,939	$	1,724,757