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Revenue (Tables)
 3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table presents the Company's revenue disaggregated by products and services, and geographic regions, by segment:
Three Months Ended
March 31, 2023		Three Months Ended
March 31, 2022
IndustrialAerospaceTotal CompanyIndustrialAerospaceTotal Company
Products and Services
Motion Control Solutions Products (A)
$98,474 $— $98,474 $93,047 $— $93,047 
Molding Solutions Products103,527 — 103,527 103,036 — 103,036 
Automation Products16,100 — 16,100 15,589 — 15,589 
Aerospace Original Equipment Manufacturing Products— 72,738 72,738 — 65,629 65,629 
Aerospace Aftermarket Products and Services— 44,518 44,518 — 35,082 35,082 
$218,101 $117,256 $335,357 $211,672 $100,711 $312,383 
Geographic Regions (B)
Americas$95,940 $84,572 $180,512 $86,005 $72,497 $158,502 
Europe79,608 20,667 100,275 82,369 19,821 102,190 
Asia40,111 10,022 50,133 41,819 7,318 49,137 
Rest of World2,442 1,995 4,437 1,479 1,075 2,554 
$218,101 $117,256 $335,357 $211,672 $100,711 $312,383 
(A) Effective January 1, 2023, the Company combined Industrial's Force & Motion Control and Engineered Components businesses to form a single strategic business unit named Motion Control Solutions. As a result of the combination, Motion Control Solutions Products reflects product revenues that were previously disclosed as Force & Motion Control Products and Engineered Components Products. Prior period amounts have been reclassified to conform to the current year presentation.
(B) Sales by geographic region are based on the location to which the product is shipped and services are delivered.
Contract with Customer, Asset and Liability
Net contract assets (liabilities) consisted of the following:
March 31, 2023December 31, 2022$ Change% Change
Unbilled receivables (contract assets)$46,900 $42,423 $4,477 11 %
Contract liabilities(31,127)(27,857)(3,270)12 %
Net contract assets$15,773 $14,566 $1,207 8 %