SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Performance

The following tables are a summary of reportable segment performance with Other to reconcile to the total consolidated for the three months ended June 30, 2025, and 2024:

(in thousands)	For the Three Months Ended June 30, 2025
	CAG		Water		LPD		Total
Total revenues from reportable segments	$	1,022,443	$	51,001	$	31,762	$	1,105,206
Reconciliation of revenue
Other revenues							4,251
Total consolidated revenue							1,109,457
Cost of revenue	380,341		15,490		16,833
Segment gross profit	$	642,102	$	35,511	$	14,929	$	692,542
Reconciliation of operating profit (segment profit)
Segment gross profit							$	692,542
Segment operating expenses							(319,928)
Other operating profit (excluding unallocated amounts)							1,000
Unallocated amounts
Foreign currency transaction losses							(568)
Interest expense							(11,321)
Interest income							627
Income before provision for income taxes							$	362,352

(in thousands)	For the Three Months Ended June 30, 2024
	CAG		Water		LPD		Total
Total revenues from reportable segments	$	922,298	$	46,726	$	30,306	$	999,330
Reconciliation of revenue
Other revenues							4,248
Total consolidated revenue							1,003,578
Cost of revenue	353,227		14,652		14,748
Segment gross profit	$	569,071	$	32,074	$	15,558	$	616,703
Reconciliation of operating profit (segment profit)
Segment gross profit							$	616,703
Segment operating expenses							(353,150)
Other operating profit (excluding unallocated amounts)							1,249
Unallocated amounts
Foreign currency transaction losses							(1,001)
Interest expense							(8,099)
Interest income							3,354
Income before provision for income taxes							$	259,056

The following tables are a summary of reportable segment performance with Other to reconcile to the total consolidated for the six months ended June 30, 2025, and 2024:

(in thousands)	For the Six Months Ended June 30, 2025
	CAG		Water		LPD		Total
Total revenues from reportable segments	$	1,942,279	$	96,322	$	60,358	$	2,098,959
Reconciliation of revenue
Other revenues							$	8,925
Total consolidated revenue							2,107,884
Cost of revenue	725,354		28,738		31,064
Segment gross profit	$	1,216,925	$	67,584	$	29,294	$	1,313,803
Reconciliation of operating profit (segment profit)
Segment gross profit							$	1,313,803
Segment operating expenses							(625,092)
Other operating profit (excluding unallocated amounts)							2,108
Unallocated amounts
Foreign currency transaction losses							(1,239)
Interest expense							(18,987)
Interest income							1,843
Income before provision for income taxes							$	672,436

(in thousands)	For the Six Months Ended June 30, 2024
	CAG		Water		LPD		Total
Total revenues from reportable segments	$	1,811,583	$	89,797	$	58,511	$	1,959,891
Reconciliation of revenue
Other revenues							7,782
Total consolidated revenue							1,967,673
Cost of revenue	696,276		27,226		27,719
Segment gross profit	$	1,115,307	$	62,571	$	30,792	$	1,208,670
Reconciliation of operating profit (segment profit)
Segment gross profit							$	1,208,670
Segment operating expenses							(645,125)
Other operating profit (excluding unallocated amounts)							1,148
Unallocated amounts
Foreign currency transaction losses							(1,934)
Interest expense							(16,010)
Interest income							7,786
Income before provision for income taxes							$	554,535