v3.26.1
Condensed Consolidated Statements of Cash Flows (Statement) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Statement of Cash Flows [Abstract]    
Net income (loss) $ 45,000 $ (173,000)
Adjustments to reconcile income (loss) to cash provided by operating activities:    
Depreciation and amortization 68,000 61,000
Stock-based compensation 7,000 5,000
Pension and other post-retirement benefits expense 1,000 147,000
Other, net 3,000 27,000
Trade receivables, net and contract assets (21,000) 18,000
Inventories (27,000) (13,000)
Accounts payable, trade and other 38,000 21,000
Advance and progress payments 50,000 32,000
Other assets and liabilities, net (45,000) (91,000)
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation 119,000 34,000
Acquisitions, net of cash acquired 0 (1,746,000)
Capital expenditures (26,000) (20,000)
Proceeds from disposal of assets 7,000 1,000
Cash required by investing activities (19,000) (1,766,000)
Net proceeds from short-term debt 0 12,000
Repayment of domestic credit facility (177,000) (1,101,000)
Proceeds from domestic credit facility, net of debt issuance costs 139,000 906,000
Proceeds from Term Loan B, net of debt issuance costs 0 898,000
Repayment of Term Loan B (2,000) 0
Acquisition of noncontrolling interest of Marel 0 (24,000)
Settlement of taxes withheld on stock-based compensation awards (9,000) (8,000)
Settlement of deal contingent hedge 0 (43,000)
Dividends (5,000) (5,000)
Cash (required) provided by financing activities (54,000) 621,000
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (3,000) 2,000
Net increase (decrease) in cash, cash equivalents and restricted cash 43,000 (1,109,000)
Add: Cash and cash equivalents from discontinued operations, beginning of period 187,000 1,228,000
Add: Cash and cash equivalents from discontinued operations, end of period 230,000 119,000
Secured Debt    
Adjustments to reconcile income (loss) to cash provided by operating activities:    
Payment of debt issuance costs related to the Marel Transaction $ 0 $ (14,000)