Revenue (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2023						Three Months Ended September 30, 2022
	Aerospace		Industrial		Total Company		Aerospace		Industrial		Total Company
Products and Services(A)
Aerospace Original Equipment Manufacturing Products	$	97,994	$	—	$	97,994	$	65,229	$	—	65,229
Aerospace Aftermarket Products and Services	58,096		—		58,096		45,558		—		45,558
Motion Control Solutions Products (B)	—		91,442		91,442		—		93,527		93,527
Molding Solutions Products	—		99,428		99,428		—		97,243		97,243
Automation Products	—		14,028		14,028		—		13,187		13,187
	$	156,090	$	204,898	$	360,988	$	110,787	$	203,957	$	314,744
Geographic Regions (C)
Americas	$	106,608	$	89,574	$	196,182	$	78,535	$	96,201	$	174,736
Europe	29,708		74,777		104,485		19,859		65,637		85,496
Asia	17,213		38,738		55,951		10,888		40,995		51,883
Rest of World	2,561		1,809		4,370		1,505		1,124		2,629
	$	156,090	$	204,898	$	360,988	$	110,787	$	203,957	$	314,744

	Nine Months Ended September 30, 2023						Nine Months Ended September 30, 2022
	Aerospace		Industrial		Total Company		Aerospace		Industrial		Total Company
Products and Services(A)
Aerospace Original Equipment Manufacturing Products	$	246,094	$	—	$	246,094	$	200,360	$	—	200,360
Aerospace Aftermarket Products and Services	149,268		—		149,268		120,290		—		120,290
Motion Control Solutions Products (B)	—		290,356		290,356		—		282,120		144,537
Molding Solutions Products	—		303,082		303,082		—		301,488		301,488
Automation Products	—		46,529		46,529		—		44,136		44,136
	$	395,362	$	639,967	$	1,035,329	$	320,650	$	627,745	$	948,395
Geographic Regions (C)
Americas	$	279,029	$	278,768	$	557,797	$	231,798	$	271,176	$	502,974
Europe	70,776		235,406		306,182		58,343		222,776		281,119
Asia	38,876		119,670		158,546		26,553		129,484		156,037
Rest of World	6,681		6,123		12,804		3,956		4,309		8,265
	$	395,362	$	639,967	$	1,035,329	$	320,650	$	627,745	$	948,395

(A) The results of MB Aerospace, from the acquisition on August 31, 2023, have been included within the Company's revenue disaggregated by products and services, and geographic regions within the Aerospace Segment for the three and nine month periods ended September 30, 2023.

(B) 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.

(C) 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:

	September 30, 2023		December 31, 2022		$ Change		% Change
Unbilled receivables (contract assets)	$	54,565	$	42,423	$	12,142	29	%
Contract liabilities	(43,259)		(27,857)		(15,402)		55	%
Net contract assets	$	11,306	$	14,566	$	(3,260)	(22)	%