Operating Segments and Related Information (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Operating Business Unit Information

Segment operating income information is as follows (in thousands):

	Three Months Ended
	March 31,
	2021		2020
Revenue—External Customers:
Industrial Technologies	$	274,864	$	276,415
Defense Technologies	192,449		174,508
	$	467,313	$	450,923
Revenue—Intersegments:
Industrial Technologies	$	3,378	$	2,702
Defense Technologies	1,230		1,834
Eliminations	(4,608)		(4,536)
	$	—	$	—
Segment operating income:
Industrial Technologies	$	76,906	$	64,265
Defense Technologies	25,376		33,154
	$	102,282	$	97,419

A reconciliation of the Company's consolidated segment operating income to consolidated earnings before income taxes is as follows (in thousands):

Note 17.        Operating Segments and Related Information - (Continued)

	Three Months Ended
	March 31,
	2021		2020
Consolidated segment operating income	$	102,282	$	97,419
Unallocated corporate expenses	(37,274)		(36,244)
Amortization of purchased intangible assets	(11,924)		(11,896)
Restructuring expenses	(622)		(20,784)
Consolidated earnings from operations	52,462		28,495
Interest and non-operating expense	(2,452)		(5,297)
Consolidated earnings before income taxes	$	50,010	$	23,198

Business unit assets

	March 31,		December 31,
	2021		2020
Operating segment assets:
Net accounts receivable, inventories and demonstration assets:
Industrial Technologies	$	425,274	$	419,323
Defense Technologies	454,023		436,595
	$	879,297	$	855,918
Goodwill:
Industrial Technologies	644,666		651,439
Defense Technologies	742,181		742,925
	$	1,386,847	$	1,394,364
Total operating segment assets	$	2,266,144	$	2,250,282
Assets not allocated:
Cash and cash equivalents	$	277,303	$	297,795
Prepaid expenses and other current assets	66,609		74,526
Property and equipment, net	269,269		267,682
Deferred income taxes	35,610		36,210
Intangible assets, net	197,632		209,636
Other assets	116,235		116,217
Total assets	$	3,228,802	$	3,252,348

By Significant Geographical Location

Revenue and Long-Lived Assets by Geographic Area

Information related to revenue by significant geographical location, determined by the end customer, is as follows (in thousands):

	Three Months Ended March 31, 2021
	Industrial Technologies		Defense Technologies		Total
United States	$	120,678	$	135,105	$	255,783
Europe	82,194		22,549		$	104,743
Asia	41,422		12,571		$	53,993
Middle East/Africa	14,747		18,565		$	33,312
Canada/Latin America	15,823		3,659		$	19,482
	$	274,864	$	192,449	$	467,313

Note 17.        Operating Segments and Related Information - (Continued)

Revenue and Long-Lived Assets by Geographic Area - (Continued)

	Three Months Ended March 31, 2020
	Industrial Technologies		Defense Technologies		Total
United States	$	103,337	$	115,947	$	219,284
Europe	65,335		19,476		84,811
Asia	73,387		11,864		85,251
Middle East/Africa	18,027		25,128		43,155
Canada/Latin America	16,329		2,093		18,422
	$	276,415	$	174,508	$	450,923

Long-lived assets consist of net property and equipment, net identifiable intangible assets, goodwill and other long-term assets. Long-lived assets by significant geographic locations are as follows (in thousands):

	March 31,		December 31,
	2021		2020
United States	$	1,139,267	$	1,144,758
Europe	426,619		440,549
Other foreign	404,097		402,592
	$	1,969,983	$	1,987,899

Revenue Derived from Major Customers

Major Customers

Revenue derived from major customers is as follows (in thousands):

	Three Months Ended
	March 31,
	2021		2020
United States government	$	156,719	$	132,149