Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Summarized Financial Information of Reportable Segments

The following is a summary of the financial information of the reportable segments reconciled to the amounts reported in the condensed consolidated financial statements:

	Three Months Ended March 31, 2025
(Amounts in thousands)	FPD		FCD		Subtotal–Reportable Segments		Eliminations and All Other		Consolidated Total
Sales to external customers	$	781,489	$	363,054	$	1,144,543	$	—	$	1,144,543
Intersegment sales	1,651		1,052		2,703		(2,703)		—
Cost of Sales	(514,678)		(263,919)		(778,597)
Selling, general and administrative expense	(137,680)		(68,705)		(206,385)
Other Segment items (1)	5,732		—		5,732
Segment operating income	136,515		31,482		167,997
Depreciation and amortization	9,795		9,743		19,538		4,864		24,402
Identifiable assets	3,159,095		1,770,584		4,929,679		553,619		5,483,298
Capital expenditures	6,944		2,296		9,240		2,498		11,738
	Three Months Ended March 31, 2024
	FPD		FCD		Subtotal–Reportable Segments		Eliminations and All Other		Consolidated Total
Sales to external customers	$	768,763	$	318,716	$	1,087,479	$	—	$	1,087,479
Intersegment sales	637		1,802		2,439		(2,439)		—
Cost of Sales	(521,462)		(227,823)		$	(749,285)
Selling, general and administrative expense	(139,710)		(57,987)		(197,697)
Other Segment items (1)	2,666		—		$	2,666
Segment operating income	110,894		34,708		145,602
Depreciation and amortization	11,425		4,953		16,378		5,202		21,580
Identifiable assets	3,231,614		1,333,677		4,565,291		584,634		5,149,925
Capital expenditures	9,823		2,327		12,150		1,460		13,610

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(1) Other Segment items comprises Net Earnings from Affiliates.

The following are reconciliations from total segment operating income to earnings before income tax reported in the condensed consolidated income statements.

	Three Months Ended March 31,
	2025		2024
	(Amounts in thousands)
Total segment operating income (loss)	$	167,997	$	145,602
Intersegment sales	(2,703)		(2,439)
Eliminations and all other cost of sales	3,387		774
Eliminations and all other SG&A	(36,792)		(30,721)
Interest expense	(19,175)		(15,317)
Interest income	1,745		1,169
Net earnings (loss) from affiliates	—		(137)
Other income (expense), net	(17,259)		(874)
Earnings before income taxes	97,200		98,057