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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Schedule of Reportable Segment Information
Reportable segment information is presented in the following table:
(In thousands, except percentage amounts)AmericasInternationalCorporateConsolidated
Totals
Three Months Ended September 30, 2022
Net sales to external customers$276,082 $105,612 $— $381,694 
Operating income64,313 
Restructuring charges (Note 3)899 
Currency exchange losses, net2,979 
Product liability expense (Note 18)4,035 
Acquisition related costs(a)
2,899 
Adjusted operating income (loss)75,088 8,448 (8,411)75,125 
Adjusted operating margin %27.2 %8.0 %
Depreciation and amortization(a)
11,518 
Adjusted EBITDA83,945 10,980 (8,282)86,643 
Adjusted EBITDA margin %30.4 %10.4 %
Nine Months Ended September 30, 2022
Net sales to external customers$754,116 $330,583 $— $1,084,699 
Operating income168,517 
Restructuring charges (Note 3)3,146 
Currency exchange losses, net4,788 
Product liability expense (Note 18)9,733 
Acquisition related costs(a)
8,398 
Adjusted operating income (loss)184,664 34,674 (24,756)194,582 
Adjusted operating margin %24.5 %10.5 %
Depreciation and amortization(a)
34,961 
Adjusted EBITDA210,201 43,708 (24,366)229,543 
Adjusted EBITDA margin %27.9 %13.2 %
(a)Acquisition related costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during due diligence and integration. These costs are included in Selling, general and administrative expense in the unaudited Condensed Consolidated Statements of Income. Acquisition related costs also include the acquisition related amortization, which is included in Cost of products sold in the unaudited Condensed Consolidated Statements of Income.
(In thousands, except percentage amounts)AmericasInternationalCorporateConsolidated
Totals
Three Months Ended September 30, 2021
Net sales to external customers$229,076 $111,121 $— $340,197 
Operating income32,402 
Restructuring charges (Note 3)3,853 
Currency exchange losses, net 100 
Product liability expense (Note 18)10,688 
Acquisition related costs(a)
7,351 
Adjusted operating income (loss)47,624 12,780 (6,010)54,394 
Adjusted operating margin %20.8 %11.5 %
Depreciation and amortization(a)
11,823 
Adjusted EBITDA55,774 16,323 (5,880)66,217 
Adjusted EBITDA margin %24.3 %14.7 %
Nine Months Ended September 30, 2021
Net sales to external customers$655,123 $334,792 $— $989,915 
Operating income111,619 
Restructuring charges (Note 3)12,239 
Currency exchange gains, net(359)
Product liability expense (Note 18)25,235 
Acquisition related costs(a)
11,891 
Adjusted operating income (loss)142,160 41,982 (23,517)160,625 
Adjusted operating margin %21.7 %12.5 %
Depreciation and amortization(a)
33,716 
Adjusted EBITDA165,243 52,283 (23,185)194,341 
Adjusted EBITDA margin %25.2 %15.6 %
*Prior periods have been adjusted to reflect the change in inventory accounting method, as described in the Company's fiscal 2021 Annual Report on Form 10-K. Adjustments were made to Americas and International.
(a)Acquisition related costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during due diligence and integration. These costs are included in Selling, general and administrative expense in the unaudited Condensed Consolidated Statements of Income. Acquisition-related costs also include the acquisition related amortization, which is included in Cost of products sold in the unaudited Condensed Consolidated Statements of Income.
Percentage of Total Sales by Product Group
Total sales by product group was as follows:
Three Months Ended September 30, 2022ConsolidatedAmericasInternational
(In thousands, except percentages)DollarsPercentDollarsPercentDollarsPercent
Breathing Apparatus$91,977 24%$70,482 26%$21,495 20%
Fixed Gas & Flame Detection (a)
87,746 23%62,134 23%25,612 24%
Firefighter Helmets & Protective Apparel54,738 14%41,958 15%12,780 12%
Portable Gas Detection39,481 10%28,358 10%11,123 11%
Industrial Head Protection43,608 11%34,620 13%8,988 9%
Fall Protection27,839 7%17,658 6%10,181 10%
Other (b)
36,305 11%20,872 7%15,433 14%
Total$381,694 100%$276,082 100%$105,612 100%
Nine Months Ended September 30, 2022ConsolidatedAmericasInternational
(In thousands, except percentages)DollarsPercentDollarsPercentDollarsPercent
Breathing Apparatus$254,878 23%$185,490 25%$69,388 21%
Fixed Gas & Flame Detection (a)
251,321 23%167,269 22%84,052 25%
Firefighter Helmets & Protective Apparel151,097 14%110,471 15%40,626 12%
Portable Gas Detection121,116 11%85,815 11%35,301 11%
Industrial Head Protection123,489 11%96,808 13%26,681 8%
Fall Protection79,114 7%50,940 7%28,174 9%
Other (b)
103,684 11%57,323 7%46,361 14%
Total$1,084,699 100%$754,116 100%$330,583 100%
Three Months Ended September 30, 2021ConsolidatedAmericasInternational
(In thousands, except percentages)DollarsPercentDollarsPercentDollarsPercent
Breathing Apparatus$70,790 21%$46,095 20%$24,695 22%
Fixed Gas & Flame Detection (a)
79,786 23%53,787 23%25,999 23%
Firefighter Helmets & Protective Apparel49,366 15%34,101 15%15,265 14%
Portable Gas Detection41,853 12%29,186 13%12,667 11%
Industrial Head Protection36,764 11%28,982 13%7,782 7%
Fall Protection28,223 8%17,743 8%10,480 9%
Other (b)
33,415 10%19,182 8%14,233 14%
Total$340,197 100%$229,076 100%$111,121 100%
Nine Months Ended September 30, 2021ConsolidatedAmericasInternational
(In thousands, except percentages)DollarsPercentDollarsPercentDollarsPercent
Breathing Apparatus$217,094 22%$146,329 22%$70,765 21%
Fixed Gas & Flame Detection (a)
204,825 21%127,014 19%77,811 23%
Firefighter Helmets & Protective Apparel 148,497 15%105,513 16%42,984 13%
Portable Gas Detection118,102 12%80,281 12%37,821 11%
Industrial Head Protection107,615 11%82,913 13%24,702 7%
Fall Protection85,098 9%51,093 8%34,005 10%
Other (b)
108,684 10%61,980 10%46,704 15%
Total$989,915 100%$655,123 100%$334,792 100%
(a)Fixed Gas & Flame Detection includes sales from the Bacharach, Inc. and its affiliated companies ("Bacharach") acquisition for periods following July 1, 2021 (Americas and International).
(b)Other products include sales of Air Purifying Respirators.