Teledyne FLIR (FLIR) 10-Q 6 Aug 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2020	Jul. 31, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	000-21918
Entity Registrant Name	FLIR SYSTEMS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	93-0708501
Entity Address, Address Line One	27700 SW Parkway Avenue,
Entity Address, City or Town	Wilsonville,
Entity Address, State or Province	OR
Entity Address, Postal Zip Code	97070
City Area Code	503
Local Phone Number	498-3547
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	FLIR
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		131,121,965
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0000354908
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Revenue	$ 482,015	$ 481,998	$ 932,938	$ 926,734
Cost of Goods and Services Sold	229,815	248,590	461,370	459,465
Gross profit	252,200	233,408	471,568	467,269
Operating expenses:
Research and development	56,012	52,957	109,859	100,637
Selling, general and administrative	88,676	113,713	204,918	218,203
Restructuring expenses	7,702	3,001	28,486	3,610
Total operating expenses	152,390	169,671	343,263	322,450
Earnings from operations	99,810	63,737	128,305	144,819
Interest expense	6,962	7,272	13,923	12,788
Interest income	(127)	(438)	(476)	(1,495)
Other expense (income), net	11,081	(1,220)	9,766	646
Earnings before income taxes	81,894	58,123	105,092	132,880
Income tax provision	20,637	12,005	28,411	25,014
Net earnings	$ 61,257	$ 46,118	$ 76,681	$ 107,866
Net earnings per share:
Basic earnings per share (in dollars per share)	$ 0.47	$ 0.34	$ 0.58	$ 0.80
Diluted earnings per share (in dollars per share)	$ 0.47	$ 0.34	$ 0.57	$ 0.79
Weighted Average Number of Shares Outstanding, Basic	130,831	135,519	132,213	135,530
Weighted Average Number of Shares Outstanding, Diluted	131,687	137,084	133,389	137,105

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net earnings	$ 61,257	$ 46,118	$ 76,681	$ 107,866
Other comprehensive income (loss), net of tax:
Fair value adjustment on derivatives instruments designated as hedges (1)	408	(779)	3,161	(1,586)
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Parent	0	4	0	4
Other Comprehensive Income (Loss), Net of Tax	(2,332)	3,889
Foreign currency translation adjustments	(2,740)	4,664	(23,025)	(2,776)
Total other comprehensive income (loss)	(2,332)	3,889	(19,864)	(4,358)
Comprehensive income	$ 58,925	$ 50,007	$ 56,817	$ 103,508

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), Adjustments, Tax	$ (0.1)	$ (0.3)	$ (0.5)	$ (0.5)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 332,958	$ 284,592
Accounts receivable, net	304,981	318,652
Inventories	433,908	388,762
Prepaid expenses and other current assets	114,429	116,728
Total current assets	1,186,276	1,108,734
Property and equipment, net	255,770	255,905
Deferred income taxes, net	41,393	39,983
Goodwill	1,340,989	1,364,596
Intangible assets, net	222,123	247,514
Other assets	110,746	120,809
Total assets	3,157,297	3,137,541
Current liabilities:
Accounts payable	147,487	158,033
Deferred revenue	30,319	28,587
Accrued payroll and related liabilities	79,981	72,476
Accrued product warranties	15,887	14,611
Advance payments from customers	14,142	28,005
Accrued expenses	32,892	40,815
Accrued income taxes	24,273	14,735
Other current liabilities	34,721	27,349
Credit facility	191,000	16,000
Long-term debt, current portion	12,465	12,444
Total current liabilities	583,167	413,055
Long-term debt, net of current portion	643,265	648,419
Deferred income taxes	40,405	53,544
Accrued income taxes	57,243	55,514
Other long-term liabilities	82,516	95,576
Shareholders’ equity:
Preferred stock, $0.01 par value, 10,000 shares authorized; no shares issued at June 30, 2020, and December 31, 2019	0	0
Common stock, $0.01 par value, 500,000 shares authorized, 131,106 and 134,394 shares issued at June 30, 2020, and December 31, 2019, respectively, and additional paid-in capital	10,778	16,692
Retained earnings	1,925,732	2,020,686
Accumulated other comprehensive loss	(185,809)	(165,945)
Total shareholders’ equity	1,750,701	1,871,433
Total liabilities and shareholders' equity	$ 3,157,297	$ 3,137,541

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000	10,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	500,000	500,000
Common stock, shares issued	131,106	134,394

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY Statement - USD ($) $ in Thousands	Total	Common Stock and Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Earnings (loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at beginning of period	$ 1,876,786	$ 1,355	$ 2,024,523	$ (149,092)
Balance at end of period	1,876,786	1,355	2,024,523	(149,092)
Repurchase of common stock	(24,998)	(16,999)	(7,999)	0
Common stock issued pursuant to stock-based compensation plans, net	8,709	8,709	0	0
Stock-based compensation	8,289	8,289	0	0
Dividends paid	(23,031)	0	(23,031)	0
Other Comprehensive Income (Loss), Net of Tax	(8,247)	0	0	(8,247)
Net earnings	$ 61,748	0	61,748	0
Common Stock, Dividends, Per Share, Cash Paid	$ 0
Net earnings	$ 107,866
Balance at beginning of period	1,902,695	1,354	2,058,680	(157,339)
Adjustment of DTA under ASU 2016-16	3,439	0	3,439	0
Balance at end of period	1,902,695	1,354	2,058,680	(157,339)
Repurchase of common stock	(24,998)	(7,218)	(17,780)	0
Common stock issued pursuant to stock-based compensation plans, net	1,704	1,704	0	0
Stock-based compensation	8,924	8,924	0	0
Dividends paid	(23,033)	0	(23,033)	0
Other Comprehensive Income (Loss), Net of Tax	3,889	0	0	3,889
Net earnings	46,118	0	46,118	0
Balance at beginning of period	1,911,891	1,356	2,063,985	(153,450)
Balance at end of period	1,911,891	1,356	2,063,985	(153,450)
Balance at beginning of period	1,871,433	16,692	2,020,686	(165,945)
Balance at end of period	1,871,433	16,692	2,020,686	(165,945)
Repurchase of common stock	(150,000)	(23,371)	(126,629)	0
Common stock issued pursuant to stock-based compensation plans, net	580	580	0	0
Stock-based compensation	7,403	7,403	0	0
Dividends paid	(22,728)	0	(22,728)	0
Other Comprehensive Income (Loss), Net of Tax	(17,532)	0	0	(17,532)
Net earnings	$ 15,424	0	15,424	0
Common Stock, Dividends, Per Share, Cash Paid	$ 0
Net earnings	$ 76,681
Balance at beginning of period	1,704,580	1,304	1,886,753	(183,477)
Balance at end of period	1,704,580	1,304	1,886,753	(183,477)
Common stock issued pursuant to stock-based compensation plans, net	3,341	3,341	0	0
Stock-based compensation	12,815	12,815	0	0
Dividends paid	(22,278)	0	(22,278)	0
Other Comprehensive Income (Loss), Net of Tax	(2,332)	0	0	(2,332)
Net earnings	61,257	0	61,257	0
Balance at beginning of period	1,750,701	10,778	1,925,732	(185,809)
Balance at end of period	$ 1,750,701	$ 10,778	$ 1,925,732	$ (185,809)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Adjustments to reconcile net earnings to net cash provided by operating activities:
Net earnings	$ 76,681	$ 107,866
Depreciation and amortization	47,750	48,915
Stock-based compensation	20,887	17,278
Gain (Loss) on Disposition of Assets	3,585	0
Minority interest Impairment Charges	4,803	0
Deferred income taxes	(513)	2,187
Other, net	3,218	(3,620)
Increase (decrease) in cash, net of acquisitions, resulting from changes in:
Accounts receivable	11,263	(19,128)
Inventories	(46,764)	(23,604)
Prepaid expenses and other current assets	1,596	(11,487)
Other assets	5,679	3,612
Accounts payable	(10,480)	26,446
Deferred revenue	1,898	1,863
Accrued payroll and other liabilities	(8,207)	(13,273)
Accrued income taxes	12,116	(7,885)
Other long-term liabilities	(9,497)	(5,869)
Net cash provided by operating activities	114,015	123,301
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property and equipment, net	(27,242)	(17,781)
Proceeds from sale of assets	0	2,973
Business acquisitions, net of cash acquired	0	(602,456)
Minority interest and other investments	304	(5,000)
Net cash used in investing activities	(26,938)	(622,264)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net proceeds from credit facility and long-term debt, including current portion	175,000	723,054
Repayments of credit facility	6,135	378,095
Repurchase of common stock	(150,000)	(49,996)
Dividends paid	(45,006)	(46,064)
Proceeds from shares issued pursuant to stock-based compensation plans	7,309	17,350
Payment, Tax Withholding, Share-based Payment Arrangement	(10,071)	(10,346)
Other financing activities	0	(522)
Net cash (used in) provided by financing activities	(28,903)	255,381
Effect of exchange rate changes on cash and cash equivalents	(9,808)	323
Net increase (decrease) in cash and cash equivalents	48,366	(243,259)
Cash, cash equivalents and restricted cash, beginning of year	284,592	512,144
Cash, cash equivalents and restricted cash, end of period	$ 332,958	$ 268,885

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Nature of Business and Significant Accounting Policies	Basis of Presentation and Accounting Standards Updates The accompanying consolidated financial statements of FLIR Systems, Inc. and its consolidated subsidiaries (the “Company”) are unaudited and have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. In the opinion of management, these statements have been prepared on the same basis as the audited consolidated financial statements and include all adjustments, consisting of only normal recurring adjustments, necessary for a fair presentation of the Company’s consolidated financial position and results of operations for the interim periods. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to such rules and regulations. These consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 . The accompanying consolidated financial statements include the accounts of FLIR Systems, Inc. and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. The results of operations for the interim periods presented are not necessarily indicative of the operating results to be expected for any subsequent interim period or for the year ending December 31, 2020 . Recently Adopted Accounting Pronouncements Financial Accounting Standards Board ("FASB") Accounting Standards Update ("ASU") No. 2016-13, "Measurement of Credit Losses on Financial Instruments" ("ASU 2016-13" or "Topic 326") : Effective January 1, 2020, the Company adopted ASU 2016-13 using a modified-retrospective approach. The standard changes the way entities recognize impairment of many financial assets by requiring immediate recognition of estimated credit losses expected to occur over their remaining life. Adoption of the standard did not have a material impact on the Company's consolidated financial statements. FASB ASU No. 2018-18, "Collaborative Arrangements (Topic 808): Clarifying the Interaction between Topic 808 and Topic 606" ("ASU 2018-18") : Effective January 1, 2020, the Company adopted ASU 2018-18. The standard clarifies that certain transactions between collaborative arrangement participants should be accounted for under ASC 606, when one participant is a customer, and specifies that a distinct good or service is the unit of account for evaluating whether the transaction is with a customer. The standard also provides guidance on presentation of transactions not in the scope of ASC 606. Adoption of the standard did not have a material impact on the Company's consolidated financial statements. Recently Issued Accounting Pronouncements In December 2019, the FASB issued ASU No. 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes" . The standard simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740 including recognizing deferred taxes for investments, performing intra-period allocations and calculating taxes in interim periods. The ASU 2019-12 also improves consistent application of and simplifies GAAP for other areas of Topic 740 by clarifying and amending existing guidance to reduce complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group. The standard is effective for fiscal years beginning after December 15, 2020. Early adoption is permitted. The Company plans to adopt the standard as of January 1, 2021 and is currently evaluating this guidance to determine the impact it may have on its consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, “ Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” , which temporarily simplifies the accounting for contract modifications, including hedging relationships, due to the transition from LIBOR and other interbank offered rates to alternative reference interest rates. For example, entities can elect not to remeasure the contracts at the modification date or reassess a previous accounting determination if certain conditions are met. Additionally, entities can elect to continue applying hedge accounting for hedging relationships affected by reference rate reform if certain conditions are met. The new standard was effective upon issuance and generally can be applied to applicable contract modifications through December 31, 2022. The Company is currently evaluating the impact of the transition from LIBOR to alternative reference interest rates as well as the impact it may have on its consolidated financial statements. Reclassifications The Company made certain reclassifications to the prior years' financial statements and notes to the consolidated financial statements to conform them to the presentation as of and for the three and six months ended June 30, 2020 . These reclassifications had no effect on consolidated financial position, net earnings, shareholders' equity, or net cash flows for any of the periods presented.

Revenue Revenue

Revenue Revenue	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Revenue Recognition The Company designs, markets and sells products primarily as commercial, off-the-shelf products. Certain customers request different system configurations, based on standard options or accessories that the Company offers. Revenue is recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products or services. The Company regularly enters into contracts that can include various combinations of products and services, which are generally capable of being distinct and accounted for as separate performance obligations. In such situations, contract values are allocated to each performance obligation based on its relative estimated standalone selling price. The vast majority of the Company's revenues are recognized at a point in time when goods are transferred to a customer. However, for certain contracts that include highly customized components, if performance does not create an asset with an alternative use and termination for convenience clauses provide an enforceable right to payment for performance completed to date, revenue is recognized over time as the performance obligation is satisfied. Revenue includes certain shipping and handling costs and is stated net of third-party agency fees. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as fulfillment costs and are included in cost of goods sold. Revenue is recognized net of allowances for returns and net of taxes collected from customers which are subsequently remitted to governmental authorities. The Company's products are sold with warranty provisions that require it to remedy deficiencies in quality or performance of the Company's products over a specified period of time, generally twelve to twenty-four months, at no cost to its customers. Warranty liabilities are established at the time that revenue is recognized at levels that represent the Company's estimate of the costs that will be incurred to fulfill those warranty requirements. Provisions for estimated losses on sales or related receivables are recorded when identified. Service revenue is deferred and recognized over the contract period, as is the case for extended warranty contracts, or recognized as services are provided. See Note 17 , " Operating Segments and Related Information - Revenue and Long-Lived Assets by Geographic Area " for information related to the Company’s revenues disaggregated by significant geographical region and operating segment. Contract Balances The timing of revenue recognition, billings and cash collections results in billed accounts receivable, unbilled receivables and deferred revenue and advance payments from customers on the Consolidated Balance Sheets. Contract assets and liabilities are reported on a contract-by-contract basis. The Company had no material deferred contract costs recorded on the Consolidated Balance Sheets as of June 30, 2020 and December 31, 2019 . Contract assets : The Company recognizes unbilled receivables as contract assets when the Company has rights to consideration for work completed but has not yet billed at the reporting date. Unbilled receivables are included within accounts receivable, net on the Consolidated Balance Sheets. The balance of unbilled receivables as of June 30, 2020 and December 31, 2019 were $23.3 million and $9.4 million , respectively. Contract liabilities : The Company records contract liabilities when cash payments are received or due in advance of the Company's performance. Contract liabilities include deferred revenue and advance payments from customers. Contract liabilities are classified as either current or long-term in the Consolidated Balance Sheets based on the timing of when the Company expects to recognize revenue. As of June 30, 2020 and December 31, 2019 , contract liability balances totaled $56.6 million and $69.1 million , respectively. These balances included amounts classified as long-term as of June 30, 2020 and December 31, 2019 which were $12.1 million and $12.5 million , respectively, and are included within other long-term liabilities in the accompanying Consolidated Balance Sheets. Approximately $37.8 million of revenue recognized during the six months ended June 30, 2020 was included in the combined contract liability balances as of December 31, 2019 . Remaining Performance Obligations Remaining performance obligations represent the aggregate transaction price allocated to performance obligations with an original contract term greater than one year which are fully or partially unsatisfied at the end of the period. While the remaining performance obligation disclosure is similar in concept to backlog, the definition of remaining performance obligations excludes contracts that provide the customer with the right to cancel or terminate for convenience with no substantial penalty, even if historical experience indicates the likelihood of cancellation or termination is remote. The Company has elected to exclude contracts with customers with an original term of one year or less from remaining performance obligations while these contracts are included within backlog. Note 2. Revenue - (Continued) Remaining Performance Obligations - (Continued) As of June 30, 2020 , the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $245.6 million . The Company expects to recognize revenue on approximately 84 percent of the remaining performance obligations over the next twelve months, and the remainder recognized thereafter.

Stock-based compensation

Stock-based compensation	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock-based Compensation	Stock-based Compensation Stock Incentive Plans The Company has a stock-based compensation program that provides equity incentives for employees, consultants and directors. This program includes incentive and non-statutory stock options and non-vested stock awards (referred to as restricted stock unit awards) granted under two plans: the FLIR Systems, Inc. 2002 Stock Incentive Plan (the “2002 Plan”) and the FLIR Systems, Inc. 2011 Stock Incentive Plan, as amended (the “2011 Plan”). The Company has discontinued issuing awards out of the 2002 Plan, but previously granted awards under the 2002 Plan remain outstanding. The Company has granted time-based options, time-based restricted stock unit awards, market-based restricted stock unit awards and performance-based restricted stock unit awards. Performance-based restricted stock unit awards granted during the year ended December 31, 2017 were earned based upon the Company's operating margin performance over a three-year period. Performance-based restricted stock unit awards granted during the years ended December 31, 2018 and 2019 may be earned based upon a combination of the Company's revenue and operating performance over a three-year period. Certain shares vested under the performance-based restricted stock unit awards and the market-based restricted stock unit awards must be held by the participant for a period of one year from the vest date. Employee Stock Purchase Plan The Company has an Employee Stock Purchase Plan (the “ESPP”) which allows employees to purchase shares of the Company’s common stock at 85 percent of the fair market value at the lower of either the date of enrollment or the purchase date. The ESPP provides for six-month offerings commencing on May 1 and November 1 of each year with purchases on April 30 and October 31 of each year. The following table sets forth the stock-based compensation expense recognized in the Consolidated Statements of Income (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Cost of goods sold $ 1,668 $ 709 $ 2,735 $ 1,556 Research and development 2,277 1,951 3,954 3,631 Selling, general and administrative 9,296 6,528 14,198 12,091 Stock-based compensation expense before income taxes $ 13,241 $ 9,188 $ 20,887 $ 17,278 Stock-based compensation expense capitalized in the Consolidated Balance Sheets is as follows (in thousands): June 30, 2020 2019 Capitalized in inventory $ 453 $ 1,016 As of June 30, 2020 , the Company had approximately $70.9 million of total unrecognized stock-based compensation costs, net of estimated forfeitures, to be recognized over a weighted average period of approximately 2.1 years.

Net Earnings Per Share Net Earn

Net Earnings Per Share Net Earnings Per Share (Notes)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Net Earnings Per Share The following table sets forth the reconciliation of the numerator and denominator utilized in the computation of basic and diluted earnings per share (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Numerator for earnings per share: Net earnings for basic and diluted earnings per share $ 61,257 $ 46,118 $ 76,681 $ 107,866 Denominator for earnings per share: Weighted average number of common shares outstanding 130,831 135,519 132,213 135,530 Assumed exercise of stock options and vesting of restricted stock awards, net of shares assumed reacquired under the treasury stock method 856 1,565 1,176 1,575 Diluted shares outstanding 131,687 137,084 133,389 137,105 The effect of stock-based compensation awards for the three and six months ended June 30, 2020 that aggregated approximately 1,082,000 and 570,000 shares, respectively, has been excluded for purposes of diluted earnings per share since the effect of their inclusion would have been anti-dilutive. The effect of stock-based compensation awards for the three and six months ended June 30, 2019 that aggregated approximately 52,000 and 192,000

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company had approximately $0.7 million of cash equivalents at June 30, 2020 and December 31, 2019 , which were primarily investments in money market funds and overnight deposits. The Company has categorized its cash equivalents as a Level 1 financial asset, measured at fair value based on quoted prices in active markets of identical assets. All cash equivalents are in instruments that are convertible to cash daily. The fair value of the Company’s derivative contracts as of June 30, 2020 and December 31, 2019 are disclosed in Note 6 , " Derivative Financial Instruments ," and are based on Level 2 inputs. The fair value of the Company's borrowings under the Credit Agreement as described in Note 13 , " Debt ," as of June 30, 2020 approximates the carrying value. The fair value of the Company’s senior unsecured notes as described in Note 13 , " Debt ," was $432.3 million and $430.1 million based upon Level 2 inputs at June 30, 2020 and December 31, 2019 , respectively. The fair value of observable price changes related to the Company's minority interest equity investments are based on Level 3 inputs. During the three months ended June 30, 2020 , the Company recognized impairments of $4.8 million associated with its equity minority investments which are included in other expense (income), net in the Consolidated Statements of Income. The Company does not have any other significant financial assets or liabilities that are measured at fair value. See the discussion of accounting guidance for fair value measurements and the factors used in determining the fair value of financial assets and liabilities as reported in Note 1, "Nature of Business and Significant Accounting Policies" of the Notes to the Consolidated Financial Statements included in the Annual Report on Form 10-K for the fiscal year ended December 31, 2019

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Company's financial position and results of operations are subject to certain financial market risks. The Company regularly assesses these risks and has established risk management practices designed to mitigate the impact of certain foreign currency exchange rate and interest rate risk exposures. The Company does not engage in speculative trading in any financial market. Foreign Currency Contracts The Company uses currency forward contracts, not formally designated as hedges, to manage the consolidated exchange rate risk associated with the remeasurement of certain non-functional currency denominated monetary assets and liabilities primarily by subsidiaries that use U.S. dollars, European euros, Canadian dollars, Swedish kronor, Norwegian kroner, Brazilian real and British pound sterling as their functional currency. Changes in fair value of foreign currency forward contracts are recognized in other (income) expense, net at the end of each reporting period. In general, these gains and losses are offset in the Consolidated Statements of Income by the reciprocal gains and losses from the underlying assets or liabilities which originally gave rise to the exposure. At June 30, 2020 , the Company’s foreign currency forward contracts, not formally designated as hedges, had maturities of three months or less. In addition, the Company manages the risk of changes in the fair value of certain monetary liabilities attributable to changes in exchange rates. The Company manages these risks by using currency forward contracts formally designated and effective as fair value hedges. Hedge effectiveness is generally determined by evaluating the alignment of the hedging instrument's critical terms with the critical terms of the hedged item. The forward points attributable to the hedging instruments are excluded from the assessment of effectiveness and amortized to other expense (income), net using a systematic and rational methodology. Differences between the change in fair value of the excluded component and amounts recognized under the systematic and rational method are recognized in other comprehensive income. The change in fair value of the hedging instruments attributable to the hedged risk is reported in other expense (income), net. The change in fair value of the hedged item attributable to the hedged risk is reported as an adjustment to its carrying value and also included in other expense (income), net. At June 30, 2020 , the Company’s foreign currency forward contracts formally designated as fair value hedges had maturities of three years or less. Interest Rate Swap The Company's outstanding debt at June 30, 2020 consists of fixed rate notes and an unsecured credit facility consisting of an unsecured revolving loan facility, an unsecured U.S. dollar term loan and an unsecured Swedish kronor term loan, all of which accrue interest at a floating rate. As discussed in Note 13 , " Debt ," interest expense on the Company's floating rate debt is calculated based on a fixed spread over the applicable Eurocurrency rate (e.g. LIBOR) subject to a floor of zero percent. Therefore, fluctuations in market interest rates will cause interest expense increases or decreases on a given amount of floating rate debt. The Company is managing its interest rate risk related to certain floating rate debt through an interest rate swap (“swap”) in which the Company receives floating rate payments subject to a floor of zero percent and makes fixed rate payments. The impact of the swap is to fix the floating rate basis for the calculation of interest on the unsecured Swedish kronor term loan at 0.590 percent . The swap is designated and effective as a cash flow hedge with individual swap cash flows recorded as an asset or liability in the Company's Consolidated Balance Sheets at fair value. Hedge effectiveness is generally determined by evaluating the alignment of the hedging instrument's critical terms with the critical terms of the hedged item. Fair value adjustments are recorded as an adjustment to accumulated other comprehensive income. All of the Company's derivative counterparties have investment grade credit ratings. The Company is a party to master netting arrangements that contain features that allow counterparties to net settle amounts arising from multiple separate derivative transactions or net settle in the case of certain triggering events such as a bankruptcy or major default of one of the counterparties to the transaction. The Company has not pledged assets or posted collateral as a requirement for entering into or maintaining derivative positions. The following table presents the gross notional amounts of outstanding derivative instruments (in thousands): June 30, 2020 December 31, 2019 Derivative instruments designated as cash flow hedges: Interest Rate Swap $ 139,971 $ 143,302 Derivative instruments designated as fair value hedges: Currency Forward Contracts 283,333 340,000 Derivative instruments not formally designated as hedges: Currency Forward Contracts 188,968 104,835 Note 6. Derivative Financial Instruments - (Continued) Interest Rate Swap - (Continued) The following table presents the balance sheet classification and fair value of derivative instruments (in thousands): June 30, December 31, Classification 2020 2019 Derivative instruments designated as cash flow hedges: Derivative instruments in asset positions: Interest Rate Swap Prepaid expense and other current assets $ 740 $ 404 Derivative instruments in liability positions: Interest Rate Swap Other current liabilities 818 453 Interest Rate Swap Other long-term liabilities 1,851 1,012 Derivative instruments designated as fair value hedges: Derivative instruments in asset positions: Currency forward contracts Prepaid expenses and other current assets 926 — Currency forward contracts Other assets 3,298 — Derivative instruments in liability positions: Currency forward contracts Other current liabilities — 454 Currency forward contracts Other long-term liabilities — 1,189 Derivative instruments not formally designated as hedges: Derivative instruments in asset positions: Currency forward contracts Prepaid expenses and other current assets 1,734 3,010 Derivative instruments in liability positions: Currency forward contracts Other current liabilities 430 391 The following table presents the statement of income classification of derivative instruments (in thousands): Three Months Ended June 30, Six Months Ended June 30, Classification 2020 2019 2020 2019 Derivative instruments designated as cash flow hedges: Loss recognized in other comprehensive (income) loss, net of tax Accumulated other comprehensive loss $ 329 $ 779 $ 650 $ 1,586 Loss reclassified from other comprehensive (income) loss to earnings for the effective portion Interest expense 104 220 275 220 Derivative instruments designated as fair value hedges: Loss recognized in earnings for effective portion Other expense (income), net 23,325 — 559 — Gain recognized in income for amount excluded from effectiveness testing Other expense (income), net (1,049 ) — (2,188 ) — Loss (gain) recognized in other comprehensive (income) loss, net of tax Accumulated other comprehensive loss (income) 59 — (3,811 ) — Derivative instruments not formally designated as hedges: Loss (gain) recognized in earnings Other expense (income), net 6,113 (583 ) (6,777 ) (292 )

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Accounts Receivable	Accounts Receivable Accounts receivable are net of an allowance for credit losses of $7.4 million and $6.1 million at June 30, 2020 and December 31, 2019 , respectively.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following (in thousands): June 30, December 31, 2020 2019 Raw material and subassemblies $ 239,092 $ 224,239 Work-in-progress 62,108 44,344 Finished goods 132,708 120,179 $ 433,908 $ 388,762

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	Leases Operating leases are included in other assets, other current liabilities, and other long-term liabilities on the Consolidated Balance Sheets. The Company does not have any finance leases at June 30, 2020 . Most of the Company’s operating leases are for buildings, warehouses and office space. These leases have remaining lease terms of approximately one year to ten years . The components of lease expense were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Operating lease expense $ 3,045 $ 2,837 $ 6,067 $ 5,472 Short-term lease expense 26 327 53 573 Variable lease expense 546 602 1,116 1,116 Total lease expense $ 3,617 $ 3,766 $ 7,236 $ 7,161 Supplemental balance sheet information related to operating leases is as follows (in thousands): June 30, 2020 December 31, 2019 Operating lease right-of-use assets $ 30,341 $ 35,479 Operating lease liabilities $ 34,016 $ 39,291

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment are net of accumulated depreciation of $389.1 million and $370.1 million at June 30, 2020 and December 31, 2019 , respectively. Depreciation expense for the three months ended June 30, 2020 and 2019 was $11.2 million and $10.8 million , respectively. Depreciation expense for the six months ended June 30, 2020 and 2019 was $23.0 million and $21.2 million

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill In the first quarter of 2020, the Company completed a business reorganization as part of its “Project Be Ready” restructuring plan which resulted in identification of two reportable segments (Industrial Technologies and Defense Technologies). The Company commenced operating and reporting under the new organization structure effective January 1, 2020. See Note 19 , “ Restructuring ” for further information on Project Be Ready and Note 17 , " Operating Segments and Related Information " for additional information on the two new reportable operating segments. Goodwill was allocated to identified reporting units using a relative fair value approach. In conjunction with the change in reportable segments, the Company evaluated goodwill for impairment, both before and after the segment change and determined that goodwill was not impaired. Note 11. Goodwill - (Continued) The following table presents changes in the carrying value of goodwill and the activity by reportable segment for the six months ended June 30, 2020 (in thousands): Industrial Technologies Defense Technologies Consolidated Balance, December 31, 2019 $ 635,899 $ 728,697 $ 1,364,596 Goodwill from acquisitions — (12,617 ) (12,617 ) Currency translation adjustments (2,478 ) (8,512 ) (10,990 ) Balance, June 30, 2020 $ 633,421 $ 707,568 $ 1,340,989 The Company reviews its goodwill for impairment annually during the third quarter, or more frequently if events or circumstances indicate that the carrying value of a reporting unit exceeds its fair value. See Note 18 , " Business Acquisitions " for additional information on goodwill from acquisitions.

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets Intangible assets are net of accumulated amortization of $151.0 million and $129.9 million at June 30, 2020 and December 31, 2019 , respectively. The aggregate amortization expense for the three months ended June 30, 2020 and 2019 was $11.8 million and $21.1 million , respectively. The aggregate amortization expense for the six months ended June 30, 2020 and 2019 was $23.7 million and $27.0 million

Debt

Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Debt	Debt The Company's debt consists of the following (in thousands): June 30, December 31, 2020 2019 Unsecured notes $ 425,000 $ 425,000 Credit Agreement (term loans) 233,721 239,552 Credit Agreement (revolving credit facility) 191,000 16,000 Unamortized discounts and issuance costs (2,991 ) (3,689 ) Total debt $ 846,730 $ 676,863 Less: Credit facility 191,000 16,000 Less: Long-term debt, current portion 12,465 12,444 Long-term debt, net of current portion $ 643,265 $ 648,419 In June 2016, the Company issued $425.0 million aggregate principal amount of its 3.125 percent senior unsecured notes due June 15, 2021 (the “2021 Notes”). The net proceeds from the issuance of the 2021 Notes were approximately $421.0 million , after deducting underwriting discounts and offering expenses, which are being amortized over a period of five years. Interest on the 2021 Notes is payable semiannually in arrears on December 15 and June 15. The proceeds from the 2021 Notes were used for general corporate purposes, including working capital and capital expenditure needs, business acquisitions and repurchases of the Company’s common stock. On March 29, 2019, the Company entered into a Second Amended and Restated Credit Agreement (“Credit Agreement”) with Bank of America, N.A., JPMorgan Chase Bank, N.A., U.S. Bank National Association, Citibank, N.A., MUFG Union Bank, N.A., and the other lenders party thereto. The Credit Agreement provides for a $650.0 million unsecured revolving credit facility, a $100.0 million unsecured term loan facility available in U.S. dollars amortizing at 5.000 percent per annum, and a $150.0 million unsecured term loan facility available in Swedish kronor amortizing at 5.0 percent per annum. The Credit Agreement has a term of five years and matures on March 29, 2024. In connection with the closing of the Credit Agreement, the Company made an initial borrowing of $100.0 million in revolving loans, $100.0 million in term loans in U.S. dollars, and the equivalent of $150.0 million in term loans in Swedish kronor and repaid all outstanding amounts under its prior credit agreement. Note 13. Debt - (Continued) The Company has the right, subject to certain conditions, including approval of additional commitments by qualified lenders, to increase the availability under the revolving credit facility by an additional $200.0 million until March 29, 2024. The Credit Agreement allows the Company and certain designated subsidiaries to borrow in United States dollars, European euros, Swedish kronor, British pound sterling, Japanese yen, Canadian dollars, Australian dollars, and other agreed upon currencies. Interest rates under the Credit Agreement are determined from the type and tenor of the borrowing and includes loans based on the published term Eurocurrency rate (e.g. LIBOR) in which the loan is denominated. The Eurocurrency rate loans have a floor of zero percent and an applicable margin that ranges from 1.000 percent to 1.375 percent depending on the Company’s consolidated total leverage ratio. At June 30, 2020 , the borrowing rate on the revolving loan was 1.553 percent per annum, the borrowing rate on the U.S. dollar term loan was 1.683 percent per annum and the borrowing rate on the Swedish kronor term loan was 1.444 percent per annum. The Credit Agreement requires the Company to pay a commitment fee on the amount of unused revolving commitments at a rate, based on our consolidated total leverage ratio, which ranges from 0.125 percent to 0.200 percent of unused revolving commitments. At June 30, 2020 , the commitment fee on the amount of unused revolving credit was 0.200 percent per annum. The Credit Agreement contains one financial covenant that requires maintenance of a consolidated total leverage ratio with which the Company was in compliance at June 30, 2020 . The facilities available under the Credit Agreement are unsecured. The Credit Agreement also contains language providing for the adoption of a LIBOR successor rate in anticipation of the possibility of LIBOR benchmark reform, consistent with market practice. The Company is engaged in regular dialogue with its lenders and derivatives counterparties to keep apprised of the proposed successor rates in each of the jurisdictions in which there may have a need to execute a financial transaction. Although progress has been made by the various working groups, the Company believes it is too early to accurately assess any financial impact of the LIBOR benchmark reform. To manage the interest rate risk arising from the variability in interest expense attributable to amounts drawn under the Swedish kronor term loan facility, the Company entered into a floored interest rate swap with a Swedish kronor notional amount initially equivalent to $150.0 million . The interest rate swap was designated, and effective, as a cash flow hedge. At June 30, 2020 , the Company had $10.8 million of letters of credit outstanding, which reduces the total available revolving credit under the Credit Agreement. On January 11, 2019, a standby letter of credit, not to exceed Swedish kronor 2.2 billion, was issued under a new bilateral letter of credit reimbursement agreement ("L/C Agreement") to secure a payment guarantee required by the Swedish Tax Authorities in order to grant the original respite from paying the tax reassessment described in Note 16 , " Income Taxes ." The outstanding amount of the L/C Agreement was equivalent to approximately $238.2 million at June 30, 2020 . While outstanding amounts under the L/C Agreement do not reduce the available revolving credit from the Credit Agreement, they are considered indebtedness and influence the incremental debt capacity governed by our Credit Agreement covenants. The standby letter of credit was further amended on April 24, 2020 to reflect the new respite.

Accrued Product Warranties

Accrued Product Warranties	6 Months Ended
	Jun. 30, 2020
Product Warranties Disclosures [Abstract]
Accrued Product Warranties	Accrued Product Warranties The following table summarizes the Company’s warranty liability and activity (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Accrued product warranties, beginning of period $ 19,809 $ 19,058 $ 19,143 $ 18,583 Amounts paid for warranty services (1,803 ) (4,354 ) (3,806 ) (7,130 ) Warranty provisions for products sold 2,229 3,793 5,089 6,207 Business acquisition — 25 — 899 Currency translation adjustments and other 113 19 (78 ) (18 ) Accrued product warranties, end of period $ 20,348 $ 18,541 $ 20,348 $ 18,541 Current accrued product warranties, end of period $ 15,887 $ 14,478 Long-term accrued product warranties, end of period $ 4,461 $ 4,063 Note 14. Accrued Product Warranties - (Continued) The Company generally provides a twelve to twenty-four-month warranty on its products. A provision for the estimated future costs of warranty, based upon historical cost and product performance experience, is recorded when revenue is recognized. Long-term accrued product warranties are included in other long-term liabilities on the Consolidated Balance Sheets.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Matters Involving the United States Department of State and Department of Commerce On April 24, 2018, the Company entered into a Consent Agreement with the United States Department of State's Directorate of Defense Trade Controls (“DDTC”) to resolve allegations regarding the unauthorized export of technical data and defense services to dual and third country nationals from certain Company facilities, the failure to properly use and manage export licenses and export authorizations, and failures to report certain payments under 22 CFR Part 130 in potential violation of the International Traffic in Arms Regulation (“ITAR”). The Consent Agreement has a four-year term and provides for: (i) a civil penalty of $30.0 million with $15.0 million of this amount suspended on the condition that the funds have or will be used for Department-approved Consent Agreement remedial compliance measures, (ii) the appointment of an external Special Compliance Official to oversee compliance with the Consent Agreement and the ITAR; (iii) two external audits of the Company’s ITAR compliance program; and (iv) continued implementation of ongoing remedial compliance measures and additional remedial compliance measures related to automated systems and ITAR compliance policies, procedures, and training. During the three-month period ended March 31, 2018, the Company recorded a $15.0 million charge for the portion of the penalty that is not subject to suspension. In April 2018, 2019, and 2020, the Company paid $1.0 million , $3.5 million and $3.5 million , respectively, of the $15.0 million charge and as of June 30, 2020 , the remaining amounts payable of $3.5 million and $3.5 million have been recorded in other current liabilities and other long-term liabilities, respectively. The remaining $7.0 million is payable in annual installments of $3.5 million through April 2022. The Company expects recent and future investments in remedial compliance measures will be sufficient to cover the $15.0 million suspension amount. As part of the Consent Agreement, DDTC acknowledged that the Company voluntarily disclosed certain of the alleged Arms Export Control Act and ITAR violations, which were resolved pursuant to the Consent Agreement, cooperated in the DDTC's review, and instituted a number of compliance program improvements. In May 2017, the Company submitted an initial notification to DDTC regarding potential violations related to certain export classifications obtained through the commodity jurisdiction process and a final voluntary disclosure in August 2017. The Company also submitted a voluntary self-disclosure regarding the same matter with the United States Department of Commerce Bureau of Industry and Security ("BIS"). This matter remains under review by DDTC, BIS and the Department of Justice ("DOJ"). DDTC and BIS both acknowledged the submissions, and the Company executed tolling agreements for this matter with each of DDTC, BIS and DOJ. The DDTC and DOJ tolling agreements have lapsed; FLIR is in discussion with DOJ on resolving the matter. The Company executed a tolling agreement with BIS, and has extended the agreement, suspending the statute of limitations through September 1, 2020. In June 2017, BIS informed the Company of additional export licensing requirements that restrict the Company’s ability to sell certain thermal products without a license to customers in China not identified on a list maintained by the United States Department of Commerce. This action was precipitated by concerns of sale without a license or potential diversion of some of the Company's products to prohibited end users and to countries subject to economic and other sanctions implemented by the United States. BIS subsequently favorably modified these restrictions to reduce the applicability of the restrictions to sales of FLIR's Tau camera cores (as opposed to finished products containing Tau camera cores) to customers in China not identified on a list maintained by the United States Department of Commerce and persons in a country other than those in the Export Administration Regulations ("EAR") Country Group A:5 (Supplement No. 1 to Part 740 of the EAR). If the Company is found to have violated applicable rules and regulations with respect to customers and limitations on the export and end use of the Company’s products, the Company could be subject to substantial fines and penalties, suspension of existing licenses or other authorizations and/or loss or suspension of export privileges. At this time, based on available information regarding these proceedings, the Company is unable to reasonably estimate the time it may take to resolve these matters or the amount or range of potential loss, penalty or other government action, if any, that may be incurred in connection with these matters. However, an unfavorable outcome could result in substantial fines and penalties or loss or suspension of export privileges or of particular authorizations that could be material to the Company’s financial position, results of operations or cash flows in and following the period in which such an outcome becomes estimable or known. Note 15. Contingencies - (Continued) SkyWatch Product Quality Matters In March 2016, the Company learned of potential quality concerns with respect to as many as 315 Level III and Level IV SkyWatch Surveillance Towers sold by FLIR and companies acquired by FLIR from 2002 through 2014. The Company notified customers who purchased the affected SkyWatch Towers of the potential concerns and, as a precautionary measure, also temporarily suspended production of all Level III and Level IV SkyWatch Towers pending the completion of its review and the implementation of any necessary remedial measures. The Company identified the cause of these quality issues, notified customers of their option to request repair and modification of their in-field units, and has begun in-field repairs of identified affected units. While there still remains uncertainty related to estimating the costs associated with a potential remedy and number of units which may require such remedy, the Company currently estimates the range of potential loss on remaining units to be between $3.0 million and $9.6 million . As no single amount within the range is a better estimate than any other amount within the range, the Company has recorded an accrual of $3.0 million in other current liabilities as of June 30, 2020 . Factors underlying this estimated range of loss may change from time to time, and actual results may vary significantly from this estimate. Shareholder Derivative Lawsuit In June 2020, a shareholder filed a derivative lawsuit in the Court of Chancery for the State of Delaware, Case No. 2020-0464, against the Company, as a nominal defendant, and certain current and former directors of the Company. Pointing to the Company’s 2015 settlement with the United States Securities and Exchange Commission of alleged United States Foreign Corrupt Practices Act violations and 2018 settlement with United States Department of State of alleged export control violations, the complaint alleges that the Company’s directors breached their fiduciary duties by failing to ensure that the Company had internal controls in place that would have prevented the alleged underlying misconduct and these settlements. The complaint also asserts claims for, among other matters, corporate waste and unjust enrichment, and seeks unspecified monetary damages from the individual defendants, injunctive relief, disgorgement of director compensation, and attorneys’ fees and costs. Because the complaint is derivative in nature, it does not seek monetary damages from the Company. However, the Company may be required to advance, and ultimately be responsible for, the legal fees and costs incurred by the individual defendants. The Company expects to file a motion to dismiss in the third quarter of 2020. Other Matters The Company is also subject to other legal and administrative proceedings, investigations, claims and litigation arising in the ordinary course of business not specifically identified above. In these identified matters and others not specifically identified, the Company records a liability with respect to a matter when management believes it is both probable that a liability has been incurred and the Company can reasonably estimate the amount of the loss. The Company believes it has recorded adequate provisions for any probable and estimable losses for matters in existence on the date hereof. The Company reviews these provisions to reflect the impact of negotiations, settlements, rulings, advice of legal counsel and other information and events pertaining to a particular matter. While the outcome of each of these matters cannot be predicted with certainty, the Company believes the probability is remote that the outcome of each of these matters will individually have a material adverse effect on the Company’s financial position, results of operations or cash flows. The costs to resolve all such matters may in the aggregate have a material adverse effect on the Company’s financial position, results of operations or cash flows.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes The provision for income taxes was as follows (in thousands, except percentages): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Income tax provision $ 20,637 $ 12,005 $ 28,411 $ 25,014 Effective tax rate 25.2 % 20.7 % 27.0 % 18.8 % The effective tax rate for the three and six months ended June 30, 2020 is higher than the United States Federal tax rate of 21.0 percent mainly due to non-recognition of the tax benefit of current year operating losses of a foreign subsidiary, an increase in unrecognized tax benefits related to positions taken on prior year tax returns, the addition of valuation allowance against deferred tax assets related to minority investments, and state taxes. These amounts were offset partially by benefits related to US export sales and research credits. Note 16. Income Taxes - (Continued) As of June 30, 2020 and December 31, 2019, the Company has accrued income tax liabilities of $37.1 million related to the transition tax enacted on December 22, 2017 as part of the Tax Cuts and Jobs Act. Of the amounts accrued, none is expected to be due within one year. The remaining transition tax will not accrue interest and will be paid in annual installments beginning in 2021 through 2024. The Company has not provided United States, state or foreign income taxes for earnings generated after January 1, 2018 by certain subsidiaries outside the United States as management currently intends to reinvest the earnings in operations and other activities outside of the United States indefinitely. Should the Company subsequently elect to repatriate such foreign earnings, the Company would need to accrue and pay state and foreign income taxes, thereby reducing the amount of our cash. United States taxes would generally not be payable due to changes made by the Tax Cuts and Jobs Act. As of June 30, 2020 , the Company had approximately $23.0 million of unrecognized tax benefits, of which $21.7 million would affect the Company’s effective tax rate if recognized. The Company anticipates approximately $10.9 million of its net unrecognized tax benefits will be recognized within 12 months as the result of settlements or effective settlements with various tax authorities, the closure of certain audits and the lapse of the applicable statute of limitations. The Company classifies interest and penalties related to unrecognized tax benefits in the income tax provision. As of June 30, 2020 , the Company had $4.6 million of accrued interest and penalties related to unrecognized tax benefits that are recorded as current and non-current accrued income taxes on the Consolidated Balance Sheets. During the three-month period ended December 31, 2018, the Swedish Tax Authority (“STA”) issued a reassessment of tax for the year ending December 31, 2012 to one of the Company's non-operating subsidiaries in Sweden. The reassessment concerns the use of tax credits applied against capital gains pursuant to European Union Council Directive 2009/133/EC, commonly referred to as the EU Merger Directive, and assesses taxes and penalties totaling approximately $322.2 million (Swedish kronor 3.0 billion). On March 26, 2020, the Company received an adverse judgment from the First Instance Court of Sweden (the “Court”) regarding the STA's reassessment. The Company does not agree with the Court’s ruling, continues to believe the STA's arguments in the reassessment are not in accordance with Swedish tax regulations or the treaty for the avoidance of double taxation between Sweden and Belgium, and has appealed the decision to the Administrative Court of Appeal in Stockholm. Consequently, no adjustment to the Company's unrecognized tax benefits has been recorded in relation to this matter. The Company has received a respite from paying the reassessment until after a decision by the Administrative Court of Appeal by putting in place a bank guarantee to secure possible future payment of the tax and interest. There can be no assurance that the Company’s appeal will be successful. During the three-month period ended September 30, 2019, the European Commission announced the opening of a separate review to assess whether an excess profit tax ruling granted by Belgium to one of the Company's international subsidiaries is in breach of European Union state aid rules. The Company believes all taxes assessed by Belgium have been paid and has not adjusted unrecognized tax benefits in relation to this matter. Management believes that the Company's recorded tax liabilities are adequate in the aggregate for its income tax exposures. On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), the bipartisan $2.0 trillion economic relief package aimed at helping American workers and businesses impacted by the coronavirus pandemic. The CARES Act, along with earlier issued IRS guidance, has allowed the Company to defer certain tax payments. The CARES Act, among other things, also contains numerous other provisions which may benefit the Company. The Company will continue to assess the effect of the CARES Act and ongoing government guidance related to COVID-19 that may be issued. The Company currently has the following tax years open to examination by major taxing jurisdictions: Tax Years: United States Federal 2016-2018 State of California 2015-2018 State of Massachusetts 2015-2018 State of Oregon 2016-2018 Sweden 2012-2018 United Kingdom 2015-2018 Belgium 2012-2018

Operating Segments and Related

Operating Segments and Related Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Operating Business Units and Related Information	Operating Segments and Related Information Operating Segments The Company’s chief operating decision maker ("CODM"), its Chief Executive Officer, evaluates each of its segments’ performance and allocates resources based on revenue and segment operating income. Intersegment revenues are recorded at cost and are eliminated in consolidation. The Company and each of its segments employ consistent accounting policies. In the first quarter of 2020, the Company completed a business reorganization as part of its "Project Be Ready" restructuring plan which resulted in identification of two reportable segments (Industrial Technologies and Defense Technologies). The Company commenced operating and reporting under the new organization structure effective January 1, 2020. See Note 19 , “ Restructuring ” for further information on Project Be Ready. Industrial Technologies Segment. The Industrial Technologies segment develops and manufactures thermal and visible-spectrum imaging camera cores and components that are utilized by third parties to create thermal, industrial, and other types of imaging systems. The segment also develops, manufactures, and services offerings that image, measure, and analyze thermal energy, gases, and other environmental elements for industrial, commercial, and scientific applications, imaging payloads for Unmanned Aerial Systems ("UAS"), and machine vision cameras. Additionally, the segment develops, manufactures, and services fixed-mounted visible and thermal imaging cameras and related analytics software for perimeter security, critical infrastructure, recreational and commercial maritime, and traffic monitoring and control. Offerings include thermal imaging cameras, analytics software, gas detection cameras, firefighting cameras, process automation cameras, environmental test and measurement devices, security cameras, marine electronics, and traffic cameras. Defense Technologies Segment. The Defense Technologies segment develops and manufactures enhanced imaging and recognition solutions for a wide variety of military, law enforcement, public safety, and other government customers around the world for the protection of borders, troops, and public welfare. The segment also develops and manufactures sensor instruments and integrated platform solutions for the detection, identification, and suppression of chemical, biological, radiological, nuclear, and explosives ("CBRNE") threats for military force protection, homeland security, and commercial applications. Offerings include airborne, land, maritime, and man-portable multi-spectrum imaging systems, radars, lasers, imaging components, integrated multi-sensor system platforms, CBRNE detectors, nano-class UAS solutions, and services related to these systems. The segment also produces advanced multi-mission unmanned air and ground based systems serving US Department of Defense and Federal government agencies, public safety, and governmental customers in international markets. The following tables present revenue, segment operating income, and segment assets for the two segments. Segment operating income as reviewed by the CODM is revenue less cost of goods sold and operating expenses, excluding general corporate expenses, separation, transaction, and integration costs, amortization of acquired intangible assets, restructuring expenses and asset impairment charges, and discrete legal and compliance matters. Net accounts receivable, inventories and demonstration assets for the operating segments are regularly reviewed by management and are reported below as segment assets. All remaining assets, liabilities, capital expenditures, and depreciation are managed on a Company-wide basis. Segment operating income information is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Revenue—External Customers: Industrial Technologies $ 300,198 $ 284,489 $ 576,613 $ 555,875 Defense Technologies 181,817 197,509 356,325 370,859 $ 482,015 $ 481,998 $ 932,938 $ 926,734 Revenue—Intersegments: Industrial Technologies $ 3,927 $ 3,876 $ 6,629 $ 8,462 Defense Technologies 1,438 1,436 3,273 2,947 Eliminations (5,365 ) (5,312 ) (9,902 ) (11,409 ) $ — $ — $ — $ — Segment operating income: Industrial Technologies $ 107,137 $ 71,633 $ 171,402 $ 140,652 Defense Technologies 41,155 45,786 74,309 92,676 $ 148,292 $ 117,419 $ 245,711 $ 233,328 Note 17. Operating Segments and Related Information - (Continued) Operating Segments - (Continued) A reconciliation of the Company's consolidated segment operating income to consolidated earnings before income taxes is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Consolidated segment operating income $ 148,292 $ 117,419 $ 245,711 $ 233,328 Unallocated corporate expenses (29,026 ) (29,635 ) (65,270 ) (57,925 ) Amortization of purchased intangible assets (11,754 ) (21,046 ) (23,650 ) (26,974 ) Restructuring expenses (7,702 ) (3,001 ) (28,486 ) (3,610 ) Consolidated earnings from operations 99,810 63,737 128,305 144,819 Interest and non-operating expenses, net (17,916 ) (5,614 ) (23,213 ) (11,939 ) Consolidated earnings before income taxes $ 81,894 $ 58,123 $ 105,092 $ 132,880 Unallocated corporate expenses include general corporate expenses, separation, transaction, and integration costs, amortization of acquired intangible assets, restructuring expenses and asset impairment charges, and discrete legal and compliance matters. A reconciliation of the Company's consolidated segment operating assets to consolidated total assets is as follows (in thousands): June 30, December 31, 2020 2019 Operating segment assets: Net accounts receivable, inventories and demonstration assets: Industrial Technologies $ 402,454 $ 405,166 Defense Technologies 366,786 332,639 $ 769,240 $ 737,805 Goodwill: Industrial Technologies 633,421 635,899 Defense Technologies 707,568 728,697 $ 1,340,989 $ 1,364,596 Total operating segment assets $ 2,110,229 $ 2,102,401 Assets not allocated: Cash and cash equivalents $ 332,958 $ 284,592 Prepaid expenses and other current assets 84,078 86,337 Property and equipment, net 255,770 255,905 Deferred income taxes 41,393 39,983 Intangible assets, net 222,123 247,514 Other assets 110,746 120,809 Total assets $ 3,157,297 $ 3,137,541 Note 17. Operating Segments and Related Information - (Continued) Revenue and Long-Lived Assets by Geographic Area Information related to revenue by significant geographical location, determined by the end customer, is as follows (in thousands): Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Industrial Technologies Defense Technologies Total Industrial Technologies Defense Technologies Total United States $ 131,301 $ 111,700 $ 243,001 $ 234,638 $ 227,647 $ 462,285 Europe 77,831 25,945 $ 103,776 143,166 45,421 $ 188,587 Asia 60,951 16,214 $ 77,165 134,338 28,078 $ 162,416 Middle East/Africa 14,788 25,094 $ 39,882 32,815 50,222 $ 83,037 Canada/Latin America 15,327 2,864 $ 18,191 31,656 4,957 $ 36,613 $ 300,198 $ 181,817 $ 482,015 $ 576,613 $ 356,325 $ 932,938 Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Industrial Technologies Defense Technologies Total Industrial Technologies Defense Technologies Total United States $ 134,656 $ 134,216 $ 268,872 $ 268,079 $ 243,519 $ 511,598 Europe 74,439 25,000 99,439 148,303 51,596 199,899 Asia 53,622 17,548 71,170 95,014 34,934 129,948 Middle East/Africa 5,786 18,815 24,601 15,651 36,222 51,873 Canada/Latin America 15,986 1,930 17,916 28,828 4,588 33,416 $ 284,489 $ 197,509 $ 481,998 $ 555,875 $ 370,859 $ 926,734 Long-lived assets consist of net property and equipment, net identifiable intangible assets, goodwill and other long-term assets. Long-lived assets by significant geographic locations are as follows (in thousands): June 30, December 31, 2020 2019 United States $ 1,104,883 $ 1,137,375 Europe 416,394 435,024 Other foreign 408,351 416,425 $ 1,929,628 $ 1,988,824 Major Customers Revenue derived from major customers is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 United States government $ 130,047 $ 156,161 $ 262,196 $ 293,654

Business Acquisitions

Business Acquisitions	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Business Acquisition	Business Acquisitions Endeavor Robotics Holdings, Inc. On March 4, 2019, the Company acquired 100% of the outstanding stock of Endeavor Robotics Holdings, Inc. ("Endeavor"), a privately held developer of tactical unmanned ground vehicles for the global military, public safety, and critical infrastructure markets for approximately $385.9 million in cash. The acquisition enhances the Company’s offerings in unmanned ground systems and expands distribution channels in adjacent markets. During the first quarter of 2020, the Company completed the tax assessment for the short–period return that resulted in a goodwill adjustment of $12.6 million . Accordingly, the Company finalized the purchase price allocation and recorded $102.7 million of identified intangible assets and $271.4 million of goodwill in the Defense Technologies segment. The final allocation of the purchase price for Endeavor is as follows (in thousands): Cash acquired $ 6,687 Other tangible assets and liabilities 14,915 Net deferred taxes (9,776 ) Identified intangible assets 102,740 Goodwill 271,365 Total purchase price $ 385,931 The goodwill of $271.4 million represents intellectual capital and the acquired assembled workforce, none of which qualify for recognition as a separate intangible asset. All of the goodwill presented above is not expected to be deductible for tax purposes. The Company identified $102.7 million of intangible assets. The following table summarizes the acquired intangible assets and their estimated fair values and estimated useful lives (in thousands, except years): Estimated Amount Developed technology 5.0 years $ 60,400 In-process research and development 9.0 years 28,000 Trademarks and trade name 4.5 years 9,990 Backlog 1.0 year 3,850 Customer contracts 1.0 year 500 $ 102,740 Acquisition-date identifiable intangible assets primarily consist of intangibles derived from developed technology, in-process research and development, trademarks and backlog. Developed technology represents the economic advantage of having certain technologies in place that lower manufacturing and operating costs and drive higher margins. In-process research and development consist of proprietary robot technology. Trademarks provide value to the marketing or promotion of an entity and its products or services. Backlog represents “pre-sold” business at the date of acquisition, which provides positive earning streams post acquisition that exceed what is required to provide a return on the other assets employed. The developed technology and in-process research and development were valued using the income approach and relief from royalty method. The trade names and backlog were valued using an income approach method. New England Optical Systems, Inc. On May 1, 2019, the Company acquired 100% of the outstanding stock of New England Optical Systems, Inc., a privately-held engineering and manufacturing company engaged in the design and production of infrared optical assemblies. The transaction consideration included a $21.9 million cash payment with up to an additional $12.0 million in deferred compensation payable over a two-year period. During the first quarter of 2020, the Company finalized the purchase price allocation and concluded that there were no changes to the previously recorded $6.4 million of identified intangible assets and $14.0 million of goodwill in the Industrial Technologies segment as presented in Note 20, "Business Acquisitions and Divestitures" of the Notes to the Consolidated Financial Statements included in the Annual Report on Form 10-K for the fiscal year ended December 31, 2019 . All of the goodwill is expected to be deductible for tax purposes. The business acquisitions listed above are not significant as defined in Regulation S–X under the Securities Exchange Act of 1934, nor are they significant compared to the Company's overall results of operations. Consequently, no pro forma financial information is provided.

Restructuring Costs

Restructuring Costs	6 Months Ended
	Jun. 30, 2020
Restructuring and Related Activities [Abstract]
Restructuring Costs	Restructuring In the first quarter of 2020, the Company initiated a strategy-driven restructuring plan, Project Be Ready, to simplify the Company’s product portfolio and better align resources with higher growth opportunities while reducing costs. Project Be Ready includes an organizational realignment, targeted workforce reductions, and facility optimization initiatives. All previously approved ongoing restructuring activities that were in process as of January 1, 2020 have been consolidated into Project Be Ready. The Company expects to incur total costs of approximately $40.0 million to $55.0 million related to Project Be Ready, including approximately $20.0 million to $25.0 million of employee separation costs, approximately $5.0 million to $10.0 million of facility consolidation expenses, and approximately $15.0 million to $20.0 million of third party and other costs. The Company estimates that a majority of the cumulative pretax costs will be cash outlays related to employee separation, facility consolidation, and third-party expenses and that the costs will continue through 2021. Restructuring expenses related to Project Be Ready were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Employee separation costs $ 6,888 $ — $ 17,353 $ — Lease consolidation expenses — — 204 — Third party and other costs 814 — 10,929 — Total Restructuring Program Expenses $ 7,702 $ — $ 28,486 $ — During the three and six months ended June 30, 2020 , the Company recognized a total of $7.7 million and $28.5 million , respectively, of expense in connection with Project Be Ready which have been recorded in “Restructuring Expenses” on the Consolidated Statements of Income. The restructuring liability related to Project Be Ready was as follows (in thousands): Employee separation costs Third party and other costs Total Balance at December 31, 2019 $ 1,343 $ 2,780 $ 4,123 Accrual and accrual adjustments 17,353 11,133 28,486 Cash payments (7,603 ) (13,079 ) (20,682 ) Balance at June 30, 2020 $ 11,093 $ 834 $ 11,927 During the three and six months ended June 30, 2019 , the Company recognized a total of $3.0 million and $3.6 million , respectively, of expense in connection with other restructuring activities which have been recorded in “Restructuring Expenses” on the Consolidated Statements of Income.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On August 4, 2020 , the Company’s Board of Directors declared a quarterly dividend of $0.17 per share on its common stock, payable on September 4, 2020 , to shareholders of record as of the close of business on August 21, 2020 . The total cash payment of this dividend will be approximately $22.3 million . On August 3, 2020, the Company issued and sold $500.0 million in aggregate principal amount of its 2.500 percent unsecured senior notes due 2030 (the “2030 Notes”). The public offering was made pursuant to the Company’s effective shelf registration statement on Form S-3 (Registration No. 333-234452) on file with the Securities and Exchange Commission, including a final prospectus and prospectus supplement filed by the Company on July 22, 2020. The 2030 Notes were issued under a Supplemental Indenture, dated as of August 3, 2020, between FLIR Systems, Inc. and U.S. Bank National Association, as trustee, to an Indenture, dated as of August 3, 2020, between FLIR Systems, Inc. and the trustee. Note 20. Subsequent Events - (Continued) The underwritten public offering price of the 2030 Notes equaled 99.807 percent of their aggregate principal amount, yielding an effective rate (including financing fees and other regulatory, legal and processing fees) of approximately 2.650 percent per annum to maturity. Interest on the 2030 Notes is payable semiannually in arrears on February 1 and August 1 of each year beginning on February 1, 2021. The 2030 Notes will mature on August 1, 2030, unless earlier redeemed. The aggregate net proceeds from the offering were approximately $494.0 million after deducting underwriting discounts and commissions and estimated transaction expenses. The proceeds from the sale of the Notes will be used to redeem FLIR’s $425.0 million in aggregate principal amount of 3.125 percent notes due June 15, 2021 (the “2021 Notes”), and for general corporate purposes, which may include funding for working capital, investments in our subsidiaries, capital expenditures, acquisitions, and stock repurchases. On July 20, 2020, FLIR issued a notice to holders of the 2021 Notes that it intends to redeem the 2021 Notes in full on August 19, 2020. The Company expects to record a loss on extinguishment of the debt of approximately $9.0 million in the third quarter of 2020.

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Accounting Policies [Abstract]
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements Financial Accounting Standards Board ("FASB") Accounting Standards Update ("ASU") No. 2016-13, "Measurement of Credit Losses on Financial Instruments" ("ASU 2016-13" or "Topic 326") : Effective January 1, 2020, the Company adopted ASU 2016-13 using a modified-retrospective approach. The standard changes the way entities recognize impairment of many financial assets by requiring immediate recognition of estimated credit losses expected to occur over their remaining life. Adoption of the standard did not have a material impact on the Company's consolidated financial statements. FASB ASU No. 2018-18, "Collaborative Arrangements (Topic 808): Clarifying the Interaction between Topic 808 and Topic 606" ("ASU 2018-18") : Effective January 1, 2020, the Company adopted ASU 2018-18. The standard clarifies that certain transactions between collaborative arrangement participants should be accounted for under ASC 606, when one participant is a customer, and specifies that a distinct good or service is the unit of account for evaluating whether the transaction is with a customer. The standard also provides guidance on presentation of transactions not in the scope of ASC 606. Adoption of the standard did not have a material impact on the Company's consolidated financial statements. Recently Issued Accounting Pronouncements In December 2019, the FASB issued ASU No. 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes" . The standard simplifies the accounting for income taxes by removing certain exceptions to the general principles in Topic 740 including recognizing deferred taxes for investments, performing intra-period allocations and calculating taxes in interim periods. The ASU 2019-12 also improves consistent application of and simplifies GAAP for other areas of Topic 740 by clarifying and amending existing guidance to reduce complexity in certain areas, including recognizing deferred taxes for tax goodwill and allocating taxes to members of a consolidated group. The standard is effective for fiscal years beginning after December 15, 2020. Early adoption is permitted. The Company plans to adopt the standard as of January 1, 2021 and is currently evaluating this guidance to determine the impact it may have on its consolidated financial statements.
Reclassifications [Text Block]		Reclassifications The Company made certain reclassifications to the prior years' financial statements and notes to the consolidated financial statements to conform them to the presentation as of and for the three and six months ended June 30, 2020 . These reclassifications had no effect on consolidated financial position, net earnings, shareholders' equity, or net cash flows for any of the periods presented.

Stock-based compensation (Table

Stock-based compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	The following table sets forth the stock-based compensation expense recognized in the Consolidated Statements of Income (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Cost of goods sold $ 1,668 $ 709 $ 2,735 $ 1,556 Research and development 2,277 1,951 3,954 3,631 Selling, general and administrative 9,296 6,528 14,198 12,091 Stock-based compensation expense before income taxes $ 13,241 $ 9,188 $ 20,887 $ 17,278 Stock-based compensation expense capitalized in the Consolidated Balance Sheets is as follows (in thousands): June 30, 2020 2019 Capitalized in inventory $ 453 $ 1,016

Net Earnings Per Share Net Ea_2

Net Earnings Per Share Net Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table sets forth the reconciliation of the numerator and denominator utilized in the computation of basic and diluted earnings per share (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Numerator for earnings per share: Net earnings for basic and diluted earnings per share $ 61,257 $ 46,118 $ 76,681 $ 107,866 Denominator for earnings per share: Weighted average number of common shares outstanding 130,831 135,519 132,213 135,530 Assumed exercise of stock options and vesting of restricted stock awards, net of shares assumed reacquired under the treasury stock method 856 1,565 1,176 1,575 Diluted shares outstanding 131,687 137,084 133,389 137,105

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table presents the gross notional amounts of outstanding derivative instruments (in thousands): June 30, 2020 December 31, 2019 Derivative instruments designated as cash flow hedges: Interest Rate Swap $ 139,971 $ 143,302 Derivative instruments designated as fair value hedges: Currency Forward Contracts 283,333 340,000 Derivative instruments not formally designated as hedges: Currency Forward Contracts 188,968 104,835 The following table presents the balance sheet classification and fair value of derivative instruments (in thousands): June 30, December 31, Classification 2020 2019 Derivative instruments designated as cash flow hedges: Derivative instruments in asset positions: Interest Rate Swap Prepaid expense and other current assets $ 740 $ 404 Derivative instruments in liability positions: Interest Rate Swap Other current liabilities 818 453 Interest Rate Swap Other long-term liabilities 1,851 1,012 Derivative instruments designated as fair value hedges: Derivative instruments in asset positions: Currency forward contracts Prepaid expenses and other current assets 926 — Currency forward contracts Other assets 3,298 — Derivative instruments in liability positions: Currency forward contracts Other current liabilities — 454 Currency forward contracts Other long-term liabilities — 1,189 Derivative instruments not formally designated as hedges: Derivative instruments in asset positions: Currency forward contracts Prepaid expenses and other current assets 1,734 3,010 Derivative instruments in liability positions: Currency forward contracts Other current liabilities 430 391 The following table presents the statement of income classification of derivative instruments (in thousands): Three Months Ended June 30, Six Months Ended June 30, Classification 2020 2019 2020 2019 Derivative instruments designated as cash flow hedges: Loss recognized in other comprehensive (income) loss, net of tax Accumulated other comprehensive loss $ 329 $ 779 $ 650 $ 1,586 Loss reclassified from other comprehensive (income) loss to earnings for the effective portion Interest expense 104 220 275 220 Derivative instruments designated as fair value hedges: Loss recognized in earnings for effective portion Other expense (income), net 23,325 — 559 — Gain recognized in income for amount excluded from effectiveness testing Other expense (income), net (1,049 ) — (2,188 ) — Loss (gain) recognized in other comprehensive (income) loss, net of tax Accumulated other comprehensive loss (income) 59 — (3,811 ) — Derivative instruments not formally designated as hedges: Loss (gain) recognized in earnings Other expense (income), net 6,113 (583 ) (6,777 ) (292 )

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Inventories	Inventories consist of the following (in thousands): June 30, December 31, 2020 2019 Raw material and subassemblies $ 239,092 $ 224,239 Work-in-progress 62,108 44,344 Finished goods 132,708 120,179 $ 433,908 $ 388,762

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Lease Costs	The components of lease expense were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Operating lease expense $ 3,045 $ 2,837 $ 6,067 $ 5,472 Short-term lease expense 26 327 53 573 Variable lease expense 546 602 1,116 1,116 Total lease expense $ 3,617 $ 3,766 $ 7,236 $ 7,161 Supplemental balance sheet information related to operating leases is as follows (in thousands): June 30, 2020 December 31, 2019 Operating lease right-of-use assets $ 30,341 $ 35,479 Operating lease liabilities $ 34,016 $ 39,291

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Carrying value and the activity	The following table presents changes in the carrying value of goodwill and the activity by reportable segment for the six months ended June 30, 2020 (in thousands): Industrial Technologies Defense Technologies Consolidated Balance, December 31, 2019 $ 635,899 $ 728,697 $ 1,364,596 Goodwill from acquisitions — (12,617 ) (12,617 ) Currency translation adjustments (2,478 ) (8,512 ) (10,990 ) Balance, June 30, 2020 $ 633,421 $ 707,568 $ 1,340,989

Debt Long-Term Debt (Tables)

Debt Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Long-term debt	The Company's debt consists of the following (in thousands): June 30, December 31, 2020 2019 Unsecured notes $ 425,000 $ 425,000 Credit Agreement (term loans) 233,721 239,552 Credit Agreement (revolving credit facility) 191,000 16,000 Unamortized discounts and issuance costs (2,991 ) (3,689 ) Total debt $ 846,730 $ 676,863 Less: Credit facility 191,000 16,000 Less: Long-term debt, current portion 12,465 12,444 Long-term debt, net of current portion $ 643,265 $ 648,419

Accrued Product Warranties (Tab

Accrued Product Warranties (Tables)	6 Months Ended
	Jun. 30, 2020
Product Warranties Disclosures [Abstract]
Summary of Warranty Liability and Activity	The following table summarizes the Company’s warranty liability and activity (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Accrued product warranties, beginning of period $ 19,809 $ 19,058 $ 19,143 $ 18,583 Amounts paid for warranty services (1,803 ) (4,354 ) (3,806 ) (7,130 ) Warranty provisions for products sold 2,229 3,793 5,089 6,207 Business acquisition — 25 — 899 Currency translation adjustments and other 113 19 (78 ) (18 ) Accrued product warranties, end of period $ 20,348 $ 18,541 $ 20,348 $ 18,541 Current accrued product warranties, end of period $ 15,887 $ 14,478 Long-term accrued product warranties, end of period $ 4,461 $ 4,063

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The provision for income taxes was as follows (in thousands, except percentages): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Income tax provision $ 20,637 $ 12,005 $ 28,411 $ 25,014 Effective tax rate 25.2 % 20.7 % 27.0 % 18.8 %
Tax years open to examination by major taxing jurisdictions	The Company currently has the following tax years open to examination by major taxing jurisdictions: Tax Years: United States Federal 2016-2018 State of California 2015-2018 State of Massachusetts 2015-2018 State of Oregon 2016-2018 Sweden 2012-2018 United Kingdom 2015-2018 Belgium 2012-2018

Operating Segments and Relate_2

Operating Segments and Related Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Operating Business Unit Information	egment operating income information is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Revenue—External Customers: Industrial Technologies $ 300,198 $ 284,489 $ 576,613 $ 555,875 Defense Technologies 181,817 197,509 356,325 370,859 $ 482,015 $ 481,998 $ 932,938 $ 926,734 Revenue—Intersegments: Industrial Technologies $ 3,927 $ 3,876 $ 6,629 $ 8,462 Defense Technologies 1,438 1,436 3,273 2,947 Eliminations (5,365 ) (5,312 ) (9,902 ) (11,409 ) $ — $ — $ — $ — Segment operating income: Industrial Technologies $ 107,137 $ 71,633 $ 171,402 $ 140,652 Defense Technologies 41,155 45,786 74,309 92,676 $ 148,292 $ 117,419 $ 245,711 $ 233,328 Note 17. Operating Segments and Related Information - (Continued) Operating Segments - (Continued) A reconciliation of the Company's consolidated segment operating income to consolidated earnings before income taxes is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Consolidated segment operating income $ 148,292 $ 117,419 $ 245,711 $ 233,328 Unallocated corporate expenses (29,026 ) (29,635 ) (65,270 ) (57,925 ) Amortization of purchased intangible assets (11,754 ) (21,046 ) (23,650 ) (26,974 ) Restructuring expenses (7,702 ) (3,001 ) (28,486 ) (3,610 ) Consolidated earnings from operations 99,810 63,737 128,305 144,819 Interest and non-operating expenses, net (17,916 ) (5,614 ) (23,213 ) (11,939 ) Consolidated earnings before income taxes $ 81,894 $ 58,123 $ 105,092 $ 132,880
Business unit assets	June 30, December 31, 2020 2019 Operating segment assets: Net accounts receivable, inventories and demonstration assets: Industrial Technologies $ 402,454 $ 405,166 Defense Technologies 366,786 332,639 $ 769,240 $ 737,805 Goodwill: Industrial Technologies 633,421 635,899 Defense Technologies 707,568 728,697 $ 1,340,989 $ 1,364,596 Total operating segment assets $ 2,110,229 $ 2,102,401 Assets not allocated: Cash and cash equivalents $ 332,958 $ 284,592 Prepaid expenses and other current assets 84,078 86,337 Property and equipment, net 255,770 255,905 Deferred income taxes 41,393 39,983 Intangible assets, net 222,123 247,514 Other assets 110,746 120,809 Total assets $ 3,157,297 $ 3,137,541
By Significant Geographical Location	Revenue and Long-Lived Assets by Geographic Area Information related to revenue by significant geographical location, determined by the end customer, is as follows (in thousands): Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Industrial Technologies Defense Technologies Total Industrial Technologies Defense Technologies Total United States $ 131,301 $ 111,700 $ 243,001 $ 234,638 $ 227,647 $ 462,285 Europe 77,831 25,945 $ 103,776 143,166 45,421 $ 188,587 Asia 60,951 16,214 $ 77,165 134,338 28,078 $ 162,416 Middle East/Africa 14,788 25,094 $ 39,882 32,815 50,222 $ 83,037 Canada/Latin America 15,327 2,864 $ 18,191 31,656 4,957 $ 36,613 $ 300,198 $ 181,817 $ 482,015 $ 576,613 $ 356,325 $ 932,938 Three Months Ended June 30, 2019 Six Months Ended June 30, 2019 Industrial Technologies Defense Technologies Total Industrial Technologies Defense Technologies Total United States $ 134,656 $ 134,216 $ 268,872 $ 268,079 $ 243,519 $ 511,598 Europe 74,439 25,000 99,439 148,303 51,596 199,899 Asia 53,622 17,548 71,170 95,014 34,934 129,948 Middle East/Africa 5,786 18,815 24,601 15,651 36,222 51,873 Canada/Latin America 15,986 1,930 17,916 28,828 4,588 33,416 $ 284,489 $ 197,509 $ 481,998 $ 555,875 $ 370,859 $ 926,734 Long-lived assets consist of net property and equipment, net identifiable intangible assets, goodwill and other long-term assets. Long-lived assets by significant geographic locations are as follows (in thousands): June 30, December 31, 2020 2019 United States $ 1,104,883 $ 1,137,375 Europe 416,394 435,024 Other foreign 408,351 416,425 $ 1,929,628 $ 1,988,824
Revenue Derived from Major Customers	Major Customers Revenue derived from major customers is as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 United States government $ 130,047 $ 156,161 $ 262,196 $ 293,654

Business Acquisitions (Tables)

Business Acquisitions (Tables) - Endeavor [Member]	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Business Acquisition [Line Items]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The final allocation of the purchase price for Endeavor is as follows (in thousands): Cash acquired $ 6,687 Other tangible assets and liabilities 14,915 Net deferred taxes (9,776 ) Identified intangible assets 102,740 Goodwill 271,365 Total purchase price $ 385,931
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]		The following table summarizes the acquired intangible assets and their estimated fair values and estimated useful lives (in thousands, except years): Estimated Amount Developed technology 5.0 years $ 60,400 In-process research and development 9.0 years 28,000 Trademarks and trade name 4.5 years 9,990 Backlog 1.0 year 3,850 Customer contracts 1.0 year 500 $ 102,740

Restructuring Costs (Tables)

Restructuring Costs (Tables)	6 Months Ended
	Jun. 30, 2020
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs [Table Text Block]	The restructuring liability related to Project Be Ready was as follows (in thousands): Employee separation costs Third party and other costs Total Balance at December 31, 2019 $ 1,343 $ 2,780 $ 4,123 Accrual and accrual adjustments 17,353 11,133 28,486 Cash payments (7,603 ) (13,079 ) (20,682 ) Balance at June 30, 2020 $ 11,093 $ 834 $ 11,927 Restructuring expenses related to Project Be Ready were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Employee separation costs $ 6,888 $ — $ 17,353 $ — Lease consolidation expenses — — 204 — Third party and other costs 814 — 10,929 — Total Restructuring Program Expenses $ 7,702 $ — $ 28,486 $ —

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Right-of-use assets	$ 30,341	$ 35,479
Lease liabilities	$ 34,016	$ 39,291

Revenue Revenue (Details textua

Revenue Revenue (Details textual) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Contract assets	$ 23.3	$ 9.4
Contract liabilities	56.6	69.1
Contract with Customer, Liability, Noncurrent	12.1	$ 12.5
Contract liability, revenue recognized	37.8
Remaining performance obligation	$ 245.6
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-07-01
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Remaining performance obligation, expected timing of satisfaction, percent	84.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Remaining performance obligation, expected timing of satisfaction, period	1 year

Stock-based Compensation (Detai

Stock-based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 13,241	$ 9,188	$ 20,887	$ 17,278
Cost of Goods Sold [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expese	1,668	709	2,735	1,556
Research and Development Expense [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expese	2,277	1,951	3,954	3,631
Selling, General and Administrative Expenses [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expese	$ 9,296	$ 6,528	$ 14,198	$ 12,091

Stock-based compensation Stock-

Stock-based compensation Stock-based Compensation (Details 1) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Share-based Payment Arrangement, Noncash Expense [Abstract]
Capitalized in inventory	$ 453	$ 1,016

Stock-based Compensation (Det_2

Stock-based Compensation (Detail textual) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020USD ($)
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent		85.00%
Unrecognized stock-based compensation costs, net of estimated forfeiture	$ 70.9	$ 70.9
Weighted average period of unrecognized stock-based compensation costs, net of estimated forfeiture	2 years 1 month 6 days

Net Earnings Per Share Net Ea_3

Net Earnings Per Share Net Earnings Per Share (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net Income (loss) Available to Common Stockholders, Basic	$ 61,257	$ 46,118	$ 76,681	$ 107,866
Weighted Average Number of Shares Outstanding, Basic	130,831	135,519	132,213	135,530
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	856	1,565	1,176	1,575
Weighted Average Number of Shares Outstanding, Diluted	131,687	137,084	133,389	137,105

Net Earnings Per Share Net Ea_4

Net Earnings Per Share Net Earnings Per Share (Detail textual) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,082,000	52,000	570,000	192,000

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Minority interest Impairment Charges	$ 4,803	$ 0
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents at fair value	700
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of senior unsecured notes	$ 432,300		$ 430,100

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Interest Rate Swap
Derivative [Line Items]
Derivative fixed rate	0.59%
Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Derivative, Notional Amount	$ 139,971	$ 143,302
Designated as Hedging Instrument | Currency Forward Contracts
Derivative [Line Items]
Derivative, Notional Amount	283,333	340,000
Not Designated as Hedging Instrument | Currency Forward Contracts
Derivative [Line Items]
Derivative, Notional Amount	$ 188,968	$ 104,835

Balance Sheet Information (Deta

Balance Sheet Information (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Designated as Hedging Instrument | Prepaid Expenses and Other Current Assets | Interest Rate Swap
Derivative [Line Items]
Derivative Asset	$ 740	$ 404
Designated as Hedging Instrument | Prepaid Expenses and Other Current Assets | Currency Forward Contracts
Derivative [Line Items]
Derivative Asset	926	0
Designated as Hedging Instrument | Other Current Liabilities | Interest Rate Swap
Derivative [Line Items]
Derivative Liability	818	453
Designated as Hedging Instrument | Other Current Liabilities | Currency Forward Contracts
Derivative [Line Items]
Derivative Liability	0	454
Designated as Hedging Instrument | Other Noncurrent Liabilities | Interest Rate Swap
Derivative [Line Items]
Derivative Liability	1,851	1,012
Designated as Hedging Instrument | Other Noncurrent Liabilities | Currency Forward Contracts
Derivative [Line Items]
Derivative Asset	3,298	0
Derivative Liability	0	1,189
Not Designated as Hedging Instrument | Prepaid Expenses and Other Current Assets | Currency Forward Contracts
Derivative [Line Items]
Derivative Asset	1,734	3,010
Not Designated as Hedging Instrument | Other Current Liabilities | Currency Forward Contracts
Derivative [Line Items]
Derivative Liability	$ 430	$ 391

Income Statement (Details)

Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivative [Line Items]
(Gain) loss recognized in other comprehensive income, net of tax	$ 59	$ 0	$ (3,811)	$ 0
Not Designated as Hedging Instrument | Other Expense (Income), Net
Derivative [Line Items]
(Gain) loss recognized in earnings	6,113	(583)	(6,777)	(292)
Cash Flow Hedging | Designated as Hedging Instrument
Derivative [Line Items]
Loss recognized in other comprehensive income, net of tax	329	779	650	1,586
Cash Flow Hedging | Designated as Hedging Instrument | Interest Expense
Derivative [Line Items]
Loss reclassified from other comprehensive income to earnings for the effective portion	104	220	275	220
Fair Value Hedging | Designated as Hedging Instrument | Other Expense (Income), Net
Derivative [Line Items]
(Gain) loss recognized in earnings for effective portion	23,325	0	559	0
(Gain) loss recognized in income for amount excluded from effectiveness testing	$ (1,049)	$ 0	$ (2,188)	$ 0

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Allowance for Credit Loss	$ 7.4	$ 6.1

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Raw material and subassemblies	$ 239,092	$ 224,239
Work-in-progress	62,108	44,344
Finished goods	132,708	120,179
Total inventories	$ 433,908	$ 388,762

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Lessee, Lease, Description [Line Items]
Operating lease expense	$ 3,045	$ 2,837	$ 6,067	$ 5,472
Short-term lease expense	26	327	53	573
Variable lease expense	546	602	1,116	1,116
Total lease expense	$ 3,617	$ 3,766	$ 7,236	$ 7,161
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year		1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	10 years		10 years

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease right-of-use assets	$ 30,341	$ 35,479
Operating lease liabilities	$ 34,016	$ 39,291

Property and Equipment (Details

Property and Equipment (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Depreciation	$ 11.2	$ 10.8	$ 23	$ 21.2
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 389.1		$ 389.1		$ 370.1

Goodwill (Details)

Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Goodwill [Roll Forward]
Beginning Balance	$ 1,364,596
Goodwill, Acquired During Period	(12,617)
Goodwill, Translation Adjustments	(10,990)
Ending Balance	1,340,989
Industrial Technologies
Goodwill [Roll Forward]
Beginning Balance	635,899
Goodwill, Acquired During Period	0
Goodwill, Translation Adjustments	(2,478)
Ending Balance	633,421
Defense Technologies
Goodwill [Roll Forward]
Beginning Balance	728,697
Goodwill, Acquired During Period	(12,617)
Goodwill, Translation Adjustments	(8,512)
Ending Balance	$ 707,568

Intangible Assets Intangible As

Intangible Assets Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Intangible Assets [Abstract]
Finite-Lived Intangible Assets, Accumulated Amortization	$ 151		$ 151		$ 129.9
Amortization of Intangible Assets	$ 11.8	$ 21.1	$ 23.7	$ 27

Debt Long-Term Debt (Details)

Debt Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 425,000
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	2,991	$ 3,689
Long-term Debt	846,730	676,863
Long-term debt, current portion	12,465	12,444
Long-term debt, net of current portion	643,265	648,419
Unsecured notes
Debt Instrument [Line Items]
Long-term Debt, Gross	425,000
Credit Agreement
Debt Instrument [Line Items]
Long-term Debt, Gross	233,721	239,552
Revolving Credit Facility
Debt Instrument [Line Items]
Long-term Debt, Gross	191,000	16,000
Unsecured notes
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 425,000	$ 425,000

Debt (Details texture)

Debt (Details texture) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 650,000
Net proceeds from credit facility and long-term debt, including current portion		175,000	$ 723,054
Repayments of credit facility		6,135	$ 378,095
Letters of Credit Outstanding, Amount		$ 10,800
Senior unsecured notes, interest rate		3.125%
Line of Credit Facility, Option To Increase Maximum Borrowing Capacity		$ 200,000
Long-term Debt, Gross		$ 425,000
Minimum
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.00%
Line of Credit Facility, Commitment Fee Percentage		0.125%
Maximum
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.375%
Line of Credit Facility, Commitment Fee Percentage		0.20%
United States of America, Dollars
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate During Period		1.683%
Swedish Kronor
Line of Credit Facility [Line Items]
Debt Instrument, Interest Rate During Period		1.444%
Term Loan Facility
Line of Credit Facility [Line Items]
Net proceeds from credit facility and long-term debt, including current portion		$ 100,000
Term Loan Facility | United States of America, Dollars
Line of Credit Facility [Line Items]
Senior unsecured notes, issued amount		$ 100,000
Debt instrument, annual amortization (percent)		5.00%
Term Loan Facility | Swedish Kronor
Line of Credit Facility [Line Items]
Senior unsecured notes, issued amount		$ 150,000
Debt instrument, annual amortization (percent)		5.00%
Net proceeds from credit facility and long-term debt, including current portion		$ 150,000
Credit Agreement
Line of Credit Facility [Line Items]
Term of agreement		5 years
Long-term Debt, Gross		$ 233,721		$ 239,552
Credit Agreement | Swedish Kronor
Line of Credit Facility [Line Items]
Long-term Debt, Gross		150,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Net proceeds from credit facility and long-term debt, including current portion		100,000
Long-term Debt, Gross		191,000		$ 16,000
Standby Letters of Credit
Line of Credit Facility [Line Items]
Letters of Credit Outstanding, Amount		$ 238,200
Three Point One Two Five Percent Senior Unsecured Notes Due June Fifteenth Twenty Twenty Five [Domain]
Line of Credit Facility [Line Items]
Net proceeds from credit facility and long-term debt, including current portion	$ 421,000
Senior unsecured notes, interest rate		3.125%
BANK OF AMERICA, NATIONAL ASSOCIATION [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate at Period End		1.553%
Line of Credit Facility, Commitment Fee Percentage		0.20%

Accrued Product Warranties (Det

Accrued Product Warranties (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Movement in Standard Product Warranty Accrual [Roll Forward]
Accrued product warranties, beginning of year	$ 19,809	$ 19,058	$ 19,143	$ 18,583
Amounts paid for warranty services	(1,803)	(4,354)	(3,806)	(7,130)
Warranty provisions for products sold	2,229	3,793	5,089	6,207
Business acquisitions and disposals	0	25	0	899
Currency translation adjustments and other	113	19	(78)	(18)
Accrued product warranties, end of year	20,348	18,541	20,348	18,541
Current accrued product warranties, end of year	15,887	14,478	15,887	14,478	$ 14,611
Long-term accrued product warranties, end of ear	$ 4,461	$ 4,063	$ 4,461	$ 4,063

Contingencies (Details)

Contingencies (Details) - USD ($) $ in Millions	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2018	Apr. 24, 2018	Jun. 30, 2020	Apr. 30, 2022	Jun. 30, 2018
Loss Contingencies [Line Items]
Loss contingency, possible loss suspension					$ 15
Other Current Liabilities
Loss Contingencies [Line Items]
Loss contingency accrual					3.5
Other Noncurrent Liabilities
Loss Contingencies [Line Items]
Loss contingency accrual					3.5
Civil Penalty
Loss Contingencies [Line Items]
Litigation settlement payment	$ 3.5	$ 3.5	$ 1
Loss contingency accrual					7		$ 15
Civil Penalty | Maximum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss				$ 30
Loss contingency, possible loss suspension				$ 15
Product Quality Matters | Other Current Liabilities
Loss Contingencies [Line Items]
Loss contingency accrual					3
Product Quality Matters | Minimum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss					3
Product Quality Matters | Maximum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss					$ 9.6
Subsequent Event
Loss Contingencies [Line Items]
Litigation settlement payment						$ 3.5

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Current tax expense (benefit):
Income tax provision	$ 20,637	$ 12,005	$ 28,411	$ 25,014
Effective tax rate	25.20%	20.70%	27.00%	18.80%
Current income tax expense (benefit)			$ 10,900
Deferred tax expense (benefit):
Unrecognized Tax Benefits	$ 23,000		23,000
Deferred Income Tax Expense (Benefit), Excluding Discontinued Operations			$ 21,700

Income Taxes (Details 2)

Income Taxes (Details 2) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Foreign
Income Taxes [Line Items]
Income Tax Examination, Estimate of Possible Loss	$ 322.2
Transition [Member]
Income Taxes [Line Items]
Tax Adjustments, Settlements, and Unusual Provisions	$ 37.1

Income Taxes (Details 3)

Income Taxes (Details 3) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Income Tax Disclosure [Abstract]
Statutory federal tax rate	21.00%
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 4.6

Income Taxes (Details 4)

Income Taxes (Details 4) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
United States Federal | Minimum
Income Tax Examination [Line Items]
Open Tax Year	2016
United States Federal | Maximum
Income Tax Examination [Line Items]
Open Tax Year	2018
State of California | Minimum
Income Tax Examination [Line Items]
Open Tax Year	2015
State of California | Maximum
Income Tax Examination [Line Items]
Open Tax Year	2018
MASSACHUSETTS | Minimum
Income Tax Examination [Line Items]
Open Tax Year	2015
MASSACHUSETTS | Maximum
Income Tax Examination [Line Items]
Open Tax Year	2018
OREGON | Minimum
Income Tax Examination [Line Items]
Open Tax Year	2016
OREGON | Maximum
Income Tax Examination [Line Items]
Open Tax Year	2018
SWEDEN | Minimum
Income Tax Examination [Line Items]
Open Tax Year	2012
SWEDEN | Maximum
Income Tax Examination [Line Items]
Open Tax Year	2018
UNITED KINGDOM | Minimum
Income Tax Examination [Line Items]
Open Tax Year	2015
UNITED KINGDOM | Maximum
Income Tax Examination [Line Items]
Open Tax Year	2018
BELGIUM | Minimum
Income Tax Examination [Line Items]
Open Tax Year	2012
BELGIUM | Maximum
Income Tax Examination [Line Items]
Open Tax Year	2018
Foreign
Income Tax Examination [Line Items]
Income Tax Examination, Estimate of Possible Loss	$ 322.2

Operating Segments and Relate_3

Operating Segments and Related Information (Details)	6 Months Ended
	Jun. 30, 2020segment
Segment Reporting [Abstract]
Number of operating business units	2

Operating Segments and Relate_4

Operating Segments and Related Information (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	$ 482,015	$ 481,998	$ 932,938	$ 926,734
Earnings from operations	99,810	63,737	128,305	144,819
Defense Technologies
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	181,817	197,509	356,325	370,859
Intersegment revenue	(1,438)	(1,436)	(3,273)	(2,947)
Earnings from operations	41,155	45,786	74,309	92,676
Industrial Technologies
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	300,198	284,489	576,613	555,875
Intersegment revenue	(3,927)	(3,876)	(6,629)	(8,462)
Earnings from operations	107,137	71,633	171,402	140,652
Eliminations
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Intersegment revenue	(5,365)	(5,312)	(9,902)	(11,409)
Total Segments [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	482,015	481,998	932,938	926,734
Intersegment revenue	0	0	0	0
Earnings from operations	$ 148,292	$ 117,419	$ 245,711	$ 233,328

Operating Segments and Relate_5

Operating Segments and Related Information Operating Segments and related information (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Unallocated corporate expense	$ (29,026)	$ (29,635)	$ (65,270)	$ (57,925)
Amortization of purchased Intangible Assets	(11,800)	(21,100)	(23,700)	(27,000)
Restructuring Costs			28,486	3,610
Other	(7,702)	(3,001)
Consolidated earnings from operations	99,810	63,737	128,305	144,819
Other Nonoperating Expense	(17,916)	(5,614)	(23,213)	(11,939)
Consolidated earnings before income taxes	81,894	58,123	105,092	132,880
Acquisition-related Costs [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Amortization of purchased Intangible Assets	(11,754)	(21,046)	(23,650)	(26,974)
Total Segments [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Consolidated segment operating income	148,292	117,419	245,711	233,328
Consolidated earnings from operations	$ 148,292	$ 117,419	$ 245,711	$ 233,328

Operating Segments and Relate_6

Operating Segments and Related Information (Details 4) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Segment Reporting, Asset Reconciling Item [Line Items]
BU assets (accounts receivable, inventory and demo assets, Net)	$ 769,240	$ 737,805
BU assets (accounts receivable, inventory, demo assets and goodwill, Net)	2,110,229	2,102,401
Cash and cash equivalents	332,958	284,592	$ 268,885	$ 512,144
Prepaid expenses and other current assets	84,078	86,337
Property and equipment, net	255,770	255,905
Deferred Income Tax Assets, Net	41,393	39,983
Goodwill	1,340,989	1,364,596
Intangible assets, net	222,123	247,514
Other assets	110,746	120,809
Assets	3,157,297	3,137,541
Defense Technologies
Segment Reporting, Asset Reconciling Item [Line Items]
BU assets (accounts receivable, inventory and demo assets, Net)	366,786	332,639
Goodwill	707,568	728,697
Industrial Technologies
Segment Reporting, Asset Reconciling Item [Line Items]
BU assets (accounts receivable, inventory and demo assets, Net)	402,454	405,166
Goodwill	$ 633,421	$ 635,899

Operating Segments and Relate_7

Operating Segments and Related Information (Details 5) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	$ 482,015	$ 481,998	$ 932,938	$ 926,734
Industrial Technologies
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	300,198	284,489	576,613	555,875
Industrial Technologies | United States
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	131,301	134,656	234,638	268,079
Industrial Technologies | Europe [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	77,831	74,439	143,166	148,303
Industrial Technologies | Asia [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	60,951	53,622	134,338	95,014
Industrial Technologies | Mid_East/Africa [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	14,788	5,786	32,815	15,651
Industrial Technologies | Canada/Latin America
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	15,327	15,986	31,656	28,828
Defense Technologies
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	181,817	197,509	356,325	370,859
Defense Technologies | United States
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	111,700	134,216	227,647	243,519
Defense Technologies | Europe [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	25,945	25,000	45,421	51,596
Defense Technologies | Asia [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	16,214	17,548	28,078	34,934
Defense Technologies | Mid_East/Africa [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	25,094	18,815	50,222	36,222
Defense Technologies | Canada/Latin America
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	2,864	1,930	4,957	4,588
Total Segments [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	482,015	481,998	932,938	926,734
Total Segments [Member] | United States
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	243,001	268,872	462,285	511,598
Total Segments [Member] | Europe [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	103,776	99,439	188,587	199,899
Total Segments [Member] | Asia [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	77,165	71,170	162,416	129,948
Total Segments [Member] | Mid_East/Africa [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	39,882	24,601	83,037	51,873
Total Segments [Member] | Canada/Latin America
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	$ 18,191	$ 17,916	$ 36,613	$ 33,416

Operating Segments and Relate_8

Operating Segments and Related Information (Details 6) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Business Unit Reporting, Asset Reconciling Item [Line Items]
Long-lived assets	$ 1,929,628	$ 1,988,824
United States
Business Unit Reporting, Asset Reconciling Item [Line Items]
Long-lived assets	1,104,883	1,137,375
Europe [Member]
Business Unit Reporting, Asset Reconciling Item [Line Items]
Long-lived assets	416,394	435,024
Other Geographic Region [Member]
Business Unit Reporting, Asset Reconciling Item [Line Items]
Long-lived assets	$ 408,351	$ 416,425

Operating Segments and Relate_9

Operating Segments and Related Information (Details 7) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue, Major Customer [Line Items]
Revenue	$ 482,015	$ 481,998	$ 932,938	$ 926,734
United States government
Revenue, Major Customer [Line Items]
Revenue	$ 130,047	$ 156,161	$ 262,196	$ 293,654

Business Acquisitions (Detail)

Business Acquisitions (Detail) - USD ($) $ in Thousands	May 01, 2019	Mar. 04, 2019	Apr. 30, 2021	Jun. 30, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill				$ 1,340,989	$ 1,364,596
Endeavor [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred		$ 385,931
Intangible assets acquired		102,700
Identifiable Intangible assets		102,740
Goodwill		$ 271,365
NEOS [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred	$ 21,900
Identifiable Intangible assets	6,400
Goodwill	$ 14,000
Subsequent Event | NEOS [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred			$ 12,000

Business Acquisitions (Details

Business Acquisitions (Details 1) - USD ($) $ in Thousands	May 01, 2019	Mar. 04, 2019	Jun. 30, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill			$ 1,340,989	$ 1,364,596
Developed Technology Rights [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		5 years
In Process Research and Development [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		9 years
Trademarks and Trade Names [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		4 years 6 months
Order or Production Backlog [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		1 year
Customer Contracts [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		1 year
Endeavor [Member]
Business Acquisition [Line Items]
Cash acquired		$ 6,687
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Other Assets (Liabilities), Net		14,915
Net deferred taxes		(9,776)
Identifiable Intangible assets		102,740
Goodwill		271,365
Goodwill, Purchase Accounting Adjustments			$ 12,600
Business Combination, Consideration Transferred		385,931
Endeavor [Member] | Developed Technology Rights [Member]
Business Acquisition [Line Items]
Identifiable Intangible assets		60,400
Endeavor [Member] | In Process Research and Development [Member]
Business Acquisition [Line Items]
Identifiable Intangible assets		28,000
Endeavor [Member] | Trademarks and Trade Names [Member]
Business Acquisition [Line Items]
Identifiable Intangible assets		9,990
Endeavor [Member] | Order or Production Backlog [Member]
Business Acquisition [Line Items]
Identifiable Intangible assets		3,850
Endeavor [Member] | Customer Contracts [Member]
Business Acquisition [Line Items]
Identifiable Intangible assets		$ 500
NEOS [Member]
Business Acquisition [Line Items]
Identifiable Intangible assets	$ 6,400
Goodwill	14,000
Business Combination, Consideration Transferred	$ 21,900

Restructuring Costs (Details)

Restructuring Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		24 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 7,702	$ 3,001	$ 28,486	$ 3,610
Project Be Ready [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	7,702	0	28,486	0
Employee Separation costs
Restructuring Cost and Reserve [Line Items]
Restructuring expenses			17,353
Employee Separation costs | Project Be Ready [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	6,888	0	17,353	0
Lease consolidation expense | Project Be Ready [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	0	0	204	0
Third party and other costs
Restructuring Cost and Reserve [Line Items]
Restructuring expenses			11,133
Third party and other costs | Project Be Ready [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 814	$ 0	$ 10,929	$ 0
Minimum | Subsequent Event
Restructuring Cost and Reserve [Line Items]
Restructuring expenses					$ 40,000
Minimum | Subsequent Event | Employee Separation costs
Restructuring Cost and Reserve [Line Items]
Restructuring expenses					20,000
Minimum | Subsequent Event | Lease consolidation expense
Restructuring Cost and Reserve [Line Items]
Restructuring expenses					5,000
Minimum | Subsequent Event | Third party cost [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses					15,000
Maximum | Subsequent Event
Restructuring Cost and Reserve [Line Items]
Restructuring expenses					55,000
Maximum | Subsequent Event | Employee Separation costs
Restructuring Cost and Reserve [Line Items]
Restructuring expenses					25,000
Maximum | Subsequent Event | Lease consolidation expense
Restructuring Cost and Reserve [Line Items]
Restructuring expenses					10,000
Maximum | Subsequent Event | Third party cost [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses					$ 20,000

Restructuring Costs (Details 2)

Restructuring Costs (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 7,702	$ 3,001	$ 28,486	$ 3,610
Project Be Ready [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 7,702	$ 0	$ 28,486	$ 0

Restructuring Costs (Details 3)

Restructuring Costs (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning			$ 4,123
Restructuring expenses	$ 7,702	$ 3,001	28,486	$ 3,610
Utilization			(20,682)
Restructuring Reserve, Ending	11,927		11,927
Employee Separation costs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning			1,343
Restructuring expenses			17,353
Utilization			(7,603)
Restructuring Reserve, Ending	11,093		11,093
Third party and other costs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning			2,780
Restructuring expenses			11,133
Utilization			(13,079)
Restructuring Reserve, Ending	$ 834		$ 834

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Millions	Sep. 04, 2020	Aug. 21, 2020	Aug. 04, 2020	Aug. 03, 2020	Sep. 30, 2020	Jun. 30, 2020
Subsequent Event [Line Items]
Long-term Debt, Gross						$ 425
Senior unsecured notes, interest rate						3.125%
Subsequent Event
Subsequent Event [Line Items]
Dividends Payable, Date Declared			Aug. 4, 2020
Quarterly dividend, value per share			$ 0.17
Quarterly dividend, date to be paid	Sep. 4, 2020
Quarterly dividend, date of record		Aug. 21, 2020
Quarterly dividend, amount declared	$ 22.3
Long-term Debt, Gross				$ 500
Senior unsecured notes, interest rate				2.50%
Underwritten public offering price, percentage of aggregate principal amount				99.807%
Debt Instrument, Interest Rate, Effective Percentage				2.65%
Proceeds from Issuance of Long-term Debt				$ 494
Gain (Loss) on Extinguishment of Debt					$ 9