v3.26.1
Reportable Segments
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
The Company has two reportable segments, Electronic Instruments Group and Electromechanical Group. The Company identifies its operating segments for segment reporting purposes primarily on the basis of product type, production processes, distribution methods and management organizations.
Reportable Segment Financial Information (in thousands):
Three Months Ended June 30, 2026
EMGEIGCorporateTotal Consolidated
Net Sales$723,244 $1,321,153 $— $2,044,397 
Cost of sales (1)
509,125 800,231 — 1,309,356 
Selling expense24,802 151,200 — 176,002 
Segment Operating Income189,317 369,722 — 559,039 
Corporate G&A— — 30,846 30,846 
Operating Income189,317 369,722 (30,846)528,193 
Interest expense (2)
— — (30,101)(30,101)
Other (expense) income, net— — (5,720)(5,720)
Income before Income Taxes$189,317 $369,722 $(66,667)$492,372 
Depreciation15,732 19,417 1,655 36,804 
Amortization18,811 50,316 — 69,127 
Total depreciation and amortization$34,543 $69,733 $1,655 $105,931 
Research, Development & Engineering costs (3)
$22,099 $88,822 $— $110,921 
Assets$5,119,728 $10,684,591 $790,394 $16,594,713 
Capital Expenditures$10,908 $15,675 $5,428 $32,011 
(1)Includes $16.2 million of acquisition-related costs.
(2)Includes $10.0 million of acquisition-related financing fees.
(3)Included in cost of sales.
Three Months Ended June 30, 2025
EMGEIGCorporateTotal Consolidated
Net Sales$618,485 $1,159,571 $— $1,778,056 
Cost of sales452,132 690,035 — 1,142,167 
Selling expense22,465 125,108 — 147,573 
Segment Operating Income143,888 344,428 — 488,316 
Corporate G&A— — 26,690 26,690 
Operating Income143,888 344,428 (26,690)461,626 
Interest expense— — (16,857)(16,857)
Other (expense) income, net— — (2,600)(2,600)
Income before Income Taxes$143,888 $344,428 $(46,147)$442,169 
Depreciation$15,665 $19,130 $1,481 $36,276 
Amortization26,812 44,613 — 71,425 
Total depreciation and amortization$42,477 $63,743 $1,481 $107,701 
Research, Development & Engineering costs (1)
$21,032 $73,195 $— $94,227 
Assets$4,847,262 $9,541,110 $878,174 $15,266,546 
Capital Expenditures$10,193 $11,266 $7,810 $29,269 
(1)Included in cost of sales.
Six Months Ended June 30, 2026
EMGEIGCorporateTotal Consolidated
Net Sales$1,387,145 $2,585,689 $— $3,972,834 
Cost of sales (1)
979,217 1,541,017 — 2,520,234 
Selling expense47,845 301,012 — 348,857 
Segment Operating Income360,083 743,660 — 1,103,743 
Corporate G&A— — 60,614 60,614 
Operating Income360,083 743,660 (60,614)1,043,129 
Interest expense (2)
— — (51,010)(51,010)
Other (expense) income, net— — (6,767)(6,767)
Income before Income Taxes$360,083 $743,660 $(118,391)$985,352 
Depreciation$31,178 $38,595 $3,292 $73,065 
Amortization37,214 101,142 — 138,356 
Total depreciation and amortization$68,392 $139,737 $3,292 $211,421 
Research, Development & Engineering costs (3)
$44,630 $177,867 $— $222,497 
Capital Expenditures$20,252 $28,516 $8,711 $57,479 
(1)Includes $17.8 million of acquisition-related costs.
(2)Includes $10.0 million of acquisition-related financing fees.
(3)Included in cost of sales.
Six Months Ended June 30, 2025
EMGEIGCorporateTotal Consolidated
Net Sales$1,206,783 $2,303,244 $— $3,510,027 
Cost of sales889,920 1,359,218 — 2,249,138 
Selling expense44,257 245,548 — 289,805 
Segment Operating Income272,606 698,478 — 971,084 
Corporate G&A— — 54,629 54,629 
Operating Income272,606 698,478 (54,629)916,455 
Interest expense— — (35,850)(35,850)
Other (expense) income, net— — (4,214)(4,214)
Income before Income Taxes$272,606 $698,478 $(94,693)$876,391 
Depreciation$31,058 $37,887 $2,917 $71,862 
Amortization53,455 88,751 — 142,206 
Total depreciation and amortization$84,513 $126,638 $2,917 $214,068 
Research, Development & Engineering costs (1)
$42,275 $146,817 $— $189,092 
Capital Expenditures$17,357 $21,669 $13,312 $52,338 
(1)Included in cost of sales.