Teledyne FLIR (FLIR) 10-Q 30 Oct 20 2020 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2020	Oct. 23, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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		131,144,505
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0000354908
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Revenue	$ 466,414	$ 471,248	$ 1,399,352	$ 1,397,982
Cost of Goods and Services Sold	237,500	241,501	698,870	700,966
Gross profit	228,914	229,747	700,482	697,016
Operating expenses:
Research and development	47,848	49,800	157,707	150,437
Selling, general and administrative	94,196	103,393	299,114	321,596
Restructuring expenses	293	2,166	28,779	5,776
Total operating expenses	142,337	155,359	485,600	477,809
Earnings from operations	86,577	74,388	214,882	219,207
Interest expense	7,273	7,582	21,196	20,370
Interest income	(55)	(612)	(531)	(2,107)
Loss on debt extinguishment	9,126	0	9,126	0
Other (income) expense, net	(9,688)	292	78	938
Earnings before income taxes	79,921	67,126	185,013	200,006
Income tax provision	19,258	5,079	47,669	30,093
Net earnings	$ 60,663	$ 62,047	$ 137,344	$ 169,913
Net earnings per share:
Basic earnings per share (in dollars per share)	$ 0.46	$ 0.46	$ 1.04	$ 1.26
Diluted earnings per share (in dollars per share)	$ 0.46	$ 0.46	$ 1.03	$ 1.24
Weighted Average Number of Shares Outstanding, Basic	131,125	134,741	131,848	135,264
Weighted Average Number of Shares Outstanding, Diluted	131,683	136,050	132,841	136,826

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net earnings	$ 60,663	$ 62,047	$ 137,344	$ 169,913
Other comprehensive income (loss), net of tax:
Fair value adjustment on derivatives instruments designated as hedges (1)	(604)	(132)	2,557	(1,718)
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax, Portion Attributable to Parent	0	0	0	4
Other Comprehensive Income (Loss), Net of Tax	9,577	(20,085)
Foreign currency translation adjustments	10,181	(19,953)	(12,844)	(22,729)
Total other comprehensive income (loss)	9,577	(20,085)	(10,287)	(24,443)
Comprehensive income	$ 70,240	$ 41,962	$ 127,057	$ 145,470

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (parenthetical) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), Adjustments, Tax	$ (0.5)	$ (0.6)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 319,995	$ 284,592
Accounts receivable, net	310,989	318,652
Inventories	474,845	388,762
Prepaid expenses and other current assets	122,857	116,728
Total current assets	1,228,686	1,108,734
Property and equipment, net	255,457	255,905
Deferred income taxes, net	37,902	39,983
Goodwill	1,350,647	1,364,596
Intangible assets, net	211,206	247,514
Other assets	129,014	120,809
Total assets	3,212,912	3,137,541
Current liabilities:
Accounts payable	148,026	158,033
Deferred revenue	25,802	28,587
Accrued payroll and related liabilities	88,097	72,476
Accrued product warranties	16,786	14,611
Advance payments from customers	13,631	28,005
Accrued expenses	35,421	40,815
Accrued income taxes	36,702	14,735
Other current liabilities	45,031	27,349
Credit facility	65,000	16,000
Long-term debt, current portion	12,743	12,444
Total current liabilities	487,239	413,055
Long-term debt, net of current portion	715,220	648,419
Deferred income taxes	38,148	53,544
Accrued income taxes	72,678	55,514
Other long-term liabilities	90,761	95,576
Shareholders’ equity:
Preferred stock, $0.01 par value, 10,000 shares authorized; no shares issued at September 30, 2020, and December 31, 2019	0	0
Common stock, $0.01 par value, 500,000 shares authorized, 131,144 and 134,394 shares issued at September 30, 2020, and December 31, 2019, respectively, and additional paid-in capital	20,994	16,692
Retained earnings	1,964,104	2,020,686
Accumulated other comprehensive loss	(176,232)	(165,945)
Total shareholders’ equity	1,808,866	1,871,433
Total liabilities and shareholders' equity	$ 3,212,912	$ 3,137,541

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Sep. 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	131,144	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	$ 169,913
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)
Repurchase of common stock	(75,000)	(13,600)	(61,400)	0
Common stock issued pursuant to stock-based compensation plans, net	3,314	3,314	0	0
Stock-based compensation	10,271	10,271	0	0
Dividends paid	(22,788)	0	(22,788)	0
Other Comprehensive Income (Loss), Net of Tax	(20,085)	0	0	(20,085)
Net earnings	62,047	0	62,047	0
Balance at beginning of period	1,869,650	1,341	2,041,844	(173,535)
Balance at end of period	1,869,650	1,341	2,041,844	(173,535)
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	$ 137,344
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)
Common stock issued pursuant to stock-based compensation plans, net	163	163	0	0
Stock-based compensation	10,379	10,379	0	0
Dividends paid	(22,291)	0	(22,291)	0
Other Comprehensive Income (Loss), Net of Tax	9,577	0	0	9,577
Net earnings	60,663	0	60,663	0
Balance at beginning of period	1,808,866	20,994	1,964,104	(176,232)
Balance at end of period	$ 1,808,866	$ 20,994	$ 1,964,104	$ (176,232)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Adjustments to reconcile net earnings to net cash provided by operating activities:
Net earnings	$ 137,344	$ 169,913
Depreciation and amortization	71,217	76,037
Stock-based compensation	30,547	27,371
Loss on debt extinguishment	9,126	0
Gain (Loss) on Disposition of Assets	3,352	0
Minority interest Impairment Charges	4,803	0
Deferred income taxes	(458)	(1,197)
Other, net	3,693	39
Increase (decrease) in cash, net of acquisitions, resulting from changes in:
Accounts receivable	7,970	5,460
Inventories	(83,215)	(30,215)
Prepaid expenses and other current assets	1,317	43
Other assets	(3,503)	11,474
Accounts payable	(11,182)	38,873
Deferred revenue	(2,862)	7,087
Accrued payroll and other liabilities	7,700	(4,120)
Accrued income taxes	35,153	(19,555)
Other long-term liabilities	(14,813)	(4,385)
Net cash provided by operating activities	196,189	276,825
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property and equipment, net	(37,136)	(32,034)
Proceeds from sale of assets	0	6,365
Business acquisitions, net of cash acquired	0	(601,927)
Minority interest and other investments	304	(5,000)
Net cash used in investing activities	(36,832)	(632,596)
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	(135,352)	(393,634)
Repayments of Unsecured Debt	425,000	0
Repurchase of common stock	(150,000)	(124,996)
Payment for Debt Extinguishment or Debt Prepayment Cost	(8,509)	0
Proceeds from Issuance of Unsecured Debt	494,234	0
Dividends paid	(67,297)	(68,852)
Proceeds from shares issued pursuant to stock-based compensation plans	7,309	20,776
Payment, Tax Withholding, Share-based Payment Arrangement	(10,234)	(10,458)
Other financing activities	0	(525)
Net cash (used in) provided by financing activities	(119,849)	145,365
Effect of exchange rate changes on cash and cash equivalents	(4,105)	(6,347)
Net increase (decrease) in cash and cash equivalents	35,403	(216,753)
Cash, cash equivalents and restricted cash, beginning of year	284,592	512,144
Cash, cash equivalents and restricted cash, end of period	$ 319,995	$ 295,391

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	9 Months Ended
	Sep. 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. 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. Note 1. Basis of Presentation and Accounting Standards Updates - (Continued) 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 nine months ended September 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	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Revenue Recognition The Company designs, markets and sells products primarily as 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 September 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 September 30, 2020 and December 31, 2019 were $37.5 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 September 30, 2020 and December 31, 2019 , contract liability balances totaled $51.4 million and $69.1 million , respectively. These balances included amounts classified as long-term as of September 30, 2020 and December 31, 2019 which were $12.0 million and $12.5 million , respectively, and are included within other long-term liabilities in the accompanying Consolidated Balance Sheets. Approximately $41.8 million of revenue recognized during the nine months ended September 30, 2020 was included in the combined contract liability balances as of December 31, 2019 . Note 2. Revenue - (Continued) 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. As of September 30, 2020 , the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $329.8 million . The Company expects to recognize revenue on approximately 74 percent of the remaining performance obligations over the next twelve months, and the remainder recognized thereafter.

Stock-based compensation

Stock-based compensation	9 Months Ended
	Sep. 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 the FLIR Systems, Inc. 2011 Stock Incentive Plan, as amended (the “2011 Plan”). The Company has granted time-based options, time-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, 2019 and 2020 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 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”) that 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Cost of goods sold $ 491 $ 769 $ 3,226 $ 2,326 Research and development 1,863 2,296 5,817 5,981 Selling, general and administrative 7,306 7,028 21,504 19,064 Stock-based compensation expense before income taxes $ 9,660 $ 10,093 $ 30,547 $ 27,371 Stock-based compensation expense capitalized in the Consolidated Balance Sheets is as follows (in thousands): September 30, 2020 2019 Capitalized in inventory $ 1,171 $ 1,194 Note 3. Stock-based Compensation - (Continued) As of September 30, 2020 , the Company had approximately $61.7 million of total unrecognized stock-based compensation costs, net of estimated forfeitures, to be recognized over a weighted average period of approximately 2 years.

Net Earnings Per Share Net Earn

Net Earnings Per Share Net Earnings Per Share (Notes)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Numerator for earnings per share: Net earnings for basic and diluted earnings per share $ 60,663 $ 62,047 $ 137,344 $ 169,913 Denominator for earnings per share: Weighted average number of common shares outstanding 131,125 134,741 131,848 135,264 Assumed exercise of stock options and vesting of restricted stock awards, net of shares assumed reacquired under the treasury stock method 558 1,309 993 1,562 Diluted shares outstanding 131,683 136,050 132,841 136,826 The effect of stock-based compensation awards for the three and nine months ended September 30, 2020 that aggregated approximately 632,000 and 522,000 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 nine months ended September 30, 2019 that aggregated approximately 80,000 and 76,000

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 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 September 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 Level 1 financial assets, measured at fair value based on quoted prices in active markets of identical assets. All cash equivalents are instruments that are convertible to cash daily. The fair values of the Company’s derivative contracts as of September 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 September 30, 2020 approximates the carrying value. The fair value of the Company’s senior unsecured 2030 notes as described in Note 13 , " Debt ," was $513.0 million based upon Level 2 inputs at September 30, 2020 . The Company’s senior unsecured 2021 notes were redeemed in full in connection with the Company’s August 2020 issuance of the Company’s senior unsecured 2030 notes in a public offering. The fair value of the Company’s senior unsecured 2021 notes as described in Note 13 , " Debt ," was $430.1 million based upon Level 2 inputs at December 31, 2019 . The fair value of observable price changes related to the Company's minority interest equity investments are based on Level 3 inputs. During the nine months ended September 30, 2020 , the Company recognized impairments of $4.8 million associated with its equity minority investments which are included in other (income) expense, 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	9 Months Ended
	Sep. 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. 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 September 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 (income) expense, 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 (income) expense, 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 (income) expense, net. At September 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 September 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): September 30, 2020 December 31, 2019 Derivative instruments designated as cash flow hedges: Interest Rate Swap $ 143,249 $ 143,302 Derivative instruments designated as fair value hedges: Currency Forward Contracts 255,000 340,000 Derivative instruments not formally designated as hedges: Currency Forward Contracts 149,591 104,835 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): September 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 $ 726 $ 404 Derivative instruments in liability positions: Interest Rate Swap Other current liabilities 911 453 Interest Rate Swap Other long-term liabilities 1,814 1,012 Derivative instruments designated as fair value hedges: Derivative instruments in liability positions: Currency forward contracts Other current liabilities 2,831 454 Currency forward contracts Other long-term liabilities 2,099 1,189 Derivative instruments not formally designated as hedges: Derivative instruments in asset positions: Currency forward contracts Prepaid expenses and other current assets 142 3,010 Derivative instruments in liability positions: Currency forward contracts Other current liabilities 6,629 391 The following table presents the statement of income classification of derivative instruments (in thousands): Three Months Ended September 30, Nine Months Ended September 30, Classification 2020 2019 2020 2019 Derivative instruments designated as cash flow hedges: Loss recognized in other comprehensive income (loss), net of tax Other comprehensive income (loss) $ 54 $ 132 $ 704 $ 1,718 Loss reclassified from other comprehensive income (loss) to earnings for the effective portion Interest expense 199 218 474 438 Derivative instruments designated as fair value hedges: Loss recognized in earnings for effective portion Other (income) expense, net 9,109 — 9,670 — Gain recognized in income for amount excluded from effectiveness testing Other (income) expense, net (1,051 ) — (3,239 ) — Loss (gain) recognized in other comprehensive income (loss), net of tax Other comprehensive income (loss) 550 — (3,261 ) — Derivative instruments not formally designated as hedges: (Gain) loss recognized in earnings Other (income) expense, net (9,747 ) 2,319 (2,970 ) 2,611

Accounts Receivable

Accounts Receivable	9 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
Accounts Receivable	Accounts Receivable Accounts receivable are net of an allowance for credit losses of $8.1 million and $6.1 million at September 30, 2020 and December 31, 2019 , respectively.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2020
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following (in thousands): September 30, December 31, 2020 2019 Raw material and subassemblies $ 269,062 $ 224,239 Work-in-progress 61,624 44,344 Finished goods 144,159 120,179 $ 474,845 $ 388,762

Leases

Leases	9 Months Ended
	Sep. 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 September 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Operating lease expense $ 2,999 $ 3,239 $ 9,066 $ 8,711 Short-term lease expense 28 277 81 850 Variable lease expense 516 555 1,632 1,671 Total lease expense $ 3,543 $ 4,071 $ 10,779 $ 11,232 Supplemental balance sheet information related to operating leases is as follows (in thousands): September 30, 2020 December 31, 2019 Operating lease right-of-use assets $ 34,562 $ 35,479 Operating lease liabilities $ 38,249 $ 39,291

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment are net of accumulated depreciation of $402.0 million and $370.1 million at September 30, 2020 and December 31, 2019 , respectively. Depreciation expense for the three months ended September 30, 2020 and 2019 was $11.0 million and $11.2 million , respectively. Depreciation expense for the nine months ended September 30, 2020 and 2019 was $34.0 million and $32.4 million

Goodwill

Goodwill	9 Months Ended
	Sep. 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 nine months ended September 30, 2020 (in thousands): Industrial Technologies Defense Technologies Consolidated Balance, December 31, 2019 $ 635,899 $ 728,697 $ 1,364,596 Adjustments to goodwill — (12,617 ) (12,617 ) Currency translation adjustments 4,266 (5,598 ) (1,332 ) Balance, September 30, 2020 $ 640,165 $ 710,482 $ 1,350,647 During the third quarter of 2020, the Company performed its annual goodwill impairment analysis. The Company performed a qualitative analysis for all reporting units and determined that it was more likely than not that the fair values of the reporting units were in excess of the individual reporting units carrying values, and as a result, a quantitative step one analysis was not necessary. There were no goodwill impairments during the nine months ended September 30, 2020 and 2019, respectively. See Note 18 , " Business Acquisitions " for additional information on goodwill from acquisitions.

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets Intangible assets are net of accumulated amortization of $164.1 million and $129.9 million at September 30, 2020 and December 31, 2019 , respectively. The aggregate amortization expense for the three months ended September 30, 2020 and 2019 was $11.9 million and $15.5 million , respectively. The aggregate amortization expense for the nine months ended September 30, 2020 and 2019 was $35.6 million and $42.5 million

Debt

Debt	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Debt	Debt The Company's debt consists of the following (in thousands): September 30, 2020 December 31, 2019 Maturity Date Amount Stated Rate Effective Rate Amount Stated Rate Effective Rate Senior Unsecured Notes: Senior 2030 Notes August 1, 2030 $ 500,000 2.500 % 2.630 % $ — — % — % Senior 2021 Notes (1) June 15, 2021 — — % — % 425,000 3.125 % 3.343 % Credit Agreement: U.S. dollar term loan March 29, 2024 92,500 1.470 % 1.732 % 96,250 1.945 % 2.196 % Swedish kronor term loan March 29, 2024 143,248 1.250 % 1.503 % 143,302 0.098 % 0.351 % Revolving credit facility March 29, 2024 65,000 1.397 % 1.397 % 16,000 1.799 % 1.799 % Total 800,748 680,552 Unamortized discounts and issuance costs (7,785 ) (3,689 ) Total debt $ 792,963 $ 676,863 Reported as: Credit facility $ 65,000 $ 16,000 Long-term debt, current portion 12,743 12,444 Long-term debt, net of current portion 715,220 648,419 Total $ 792,963 $ 676,863 (1) The Senior 2021 Notes were redeemed in full in connection with the Company’s August 2020 issuance of the Senior 2030 Notes in a public offering described below under “Senior Unsecured Notes”. Note 13. Debt - (Continued) Senior Unsecured Notes On August 3, 2020, the Company issued and sold its $500.0 million senior unsecured notes maturing on August 1, 2030 (the “2030 Notes”) in an underwritten public offering. The aggregate net proceeds from the offering were approximately $494.2 million after deducting underwriting fees, debt discount and transaction issuance costs, which are being amortized over a period of ten years. 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 net proceeds from the sale of the 2030 Notes were used to redeem the Company’s outstanding $425.0 million senior unsecured notes due June 15, 2021 (the “2021 Notes”), and for general corporate purposes, which may include funding for working capital, investments in Company's subsidiaries, capital expenditures, acquisitions, and stock repurchases. In connection with the redemption of the 2021 Notes, during the three months ended September 30, 2020, the Company recorded a $9.1 million loss on debt extinguishment on the Consolidated Statements of Income, which consisted of a $8.5 million redemption premium payment and $0.6 million for the unamortized portion of the original issue discount and previously incurred issuance costs. Credit Agreement 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 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. The Company borrowed an additional $175.0 million and made payments of $126.0 million under the revolving credit facility during the nine months ended September 30, 2020 . 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. 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 September 30, 2020 , the commitment fee on the amount of unused revolving credit was 0.175 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 September 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 that might be impacted by 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. As disclosed in Note 5 , " Fair Value of Financial Instruments ", the Company entered into a floored interest rate swap with a Swedish kronor notional amount initially equivalent to $150.0 million to hedge the cash flows associated with the interest rate risk arising from the variability in interest expense attributable to amounts drawn under the Swedish kronor term loan. Letters of Credit At September 30, 2020 , the Company had $10.8 million of letters of credit outstanding under the Credit Agreement, which reduced the total availability under the revolving commitments 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 Authority 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 $248.0 million at September 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	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Accrued product warranties, beginning of period $ 20,348 $ 18,541 $ 19,143 $ 18,583 Amounts paid for warranty services (1,908 ) (3,853 ) (5,714 ) (10,983 ) Warranty provisions for products sold 2,375 4,329 7,464 10,536 Business acquisition — — — 899 Currency translation adjustments and other 117 (100 ) 39 (118 ) Accrued product warranties, end of period $ 20,932 $ 18,917 $ 20,932 $ 18,917 Current accrued product warranties, end of period $ 16,786 $ 14,371 Long-term accrued product warranties, end of period $ 4,146 $ 4,546 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	9 Months Ended
	Sep. 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 September 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's investments in remedial compliance measures to date have been 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 tolling agreement has lapsed, and the BIS and DOJ tolling agreements have been extended to December 1, 2020 and December 15, 2020, respectively; FLIR is in discussion with DOJ on resolving the matter. Note 15. Contingencies - (Continued) Matters Involving the United States Department of State and Department of Commerce - (Continued) 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. 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 $2.7 million and $9.1 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 $2.7 million in other current liabilities as of September 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 filed a motion to dismiss in the third quarter of 2020, and oral arguments are scheduled for the first quarter of 2021. 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. Note 15. Contingencies - (Continued) Other Matters - (Continued) 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	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Income tax provision $ 19,258 $ 5,079 $ 47,669 $ 30,093 Effective tax rate 24.1 % 7.6 % 25.8 % 15.0 % The effective tax rate for the three and nine months ended September 30, 2020 is higher than the United States Federal tax rate of 21.0 percent mainly due to the tax effects of intercompany transfers, 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 or expected to be taken on prior and current year tax returns, and state taxes. These amounts were offset partially by benefits related to United States export sales, research credits and lower global intangible income subject to United States tax. As of September 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, $2.7 million 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 September 30, 2020 , the Company had approximately $35.7 million of unrecognized tax benefits, of which $34.4 million would affect the Company’s effective tax rate if recognized. The Company anticipates approximately $10.1 million of the net unrecognized tax benefits will be recognized within 12 months as a 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 September 30, 2020 , the Company had $5.3 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 fourth quarter of 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 $334.2 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. Note 16. Income Taxes - (Continued) During the third quarter of 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. Through September 30, 2020 the CARES Act has not materially affected the Company's income tax provision or deferred tax assets or liabilities. The Company will continue to monitor 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	9 Months Ended
	Sep. 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. Note 17. Operating Segments and Related Information - (Continued) Operating Segments - (Continued) 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Revenue—External Customers: Industrial Technologies $ 281,119 $ 257,900 $ 857,732 $ 813,775 Defense Technologies 185,295 213,348 541,620 584,207 $ 466,414 $ 471,248 $ 1,399,352 $ 1,397,982 Revenue—Intersegments: Industrial Technologies $ 3,639 $ 3,759 $ 10,269 $ 12,221 Defense Technologies 2,289 959 5,562 3,906 Eliminations (5,928 ) (4,718 ) (15,831 ) (16,127 ) $ — $ — $ — $ — Segment operating income: Industrial Technologies $ 87,743 $ 63,713 $ 259,145 $ 204,365 Defense Technologies 38,811 53,809 113,120 146,485 $ 126,554 $ 117,522 $ 372,265 $ 350,850 A reconciliation of the Company's consolidated segment operating income to consolidated earnings before income taxes is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Consolidated segment operating income $ 126,554 $ 117,522 $ 372,265 $ 350,850 Unallocated corporate expenses (27,812 ) (25,491 ) (93,082 ) (83,416 ) Amortization of purchased intangible assets (11,872 ) (15,477 ) (35,522 ) (42,451 ) Restructuring expenses (293 ) (2,166 ) (28,779 ) (5,776 ) Consolidated earnings from operations 86,577 74,388 214,882 219,207 Loss on debt extinguishment (9,126 ) — (9,126 ) — Interest and non-operating income (expense) 2,470 (7,262 ) (20,743 ) (19,201 ) Consolidated earnings before income taxes $ 79,921 $ 67,126 $ 185,013 $ 200,006 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): Note 17. Operating Segments and Related Information - (Continued) Operating Segments - (Continued) September 30, December 31, 2020 2019 Operating segment assets: Net accounts receivable, inventories and demonstration assets: Industrial Technologies $ 420,319 $ 405,166 Defense Technologies 395,752 332,639 $ 816,071 $ 737,805 Goodwill: Industrial Technologies 640,165 635,899 Defense Technologies 710,482 728,697 $ 1,350,647 $ 1,364,596 Total operating segment assets $ 2,166,718 $ 2,102,401 Assets not allocated: Cash and cash equivalents $ 319,995 $ 284,592 Prepaid expenses and other current assets 92,620 86,337 Property and equipment, net 255,457 255,905 Deferred income taxes 37,902 39,983 Intangible assets, net 211,206 247,514 Other assets 129,014 120,809 Total assets $ 3,212,912 $ 3,137,541 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 September 30, 2020 Nine Months Ended September 30, 2020 Industrial Technologies Defense Technologies Total Industrial Technologies Defense Technologies Total United States $ 127,594 $ 134,518 $ 262,112 $ 362,232 $ 362,165 $ 724,397 Europe 73,031 24,312 $ 97,343 216,197 69,733 $ 285,930 Asia 53,991 11,214 $ 65,205 188,329 39,292 $ 227,621 Middle East/Africa 9,072 10,135 $ 19,207 41,887 60,357 $ 102,244 Canada/Latin America 17,431 5,116 $ 22,547 49,087 10,073 $ 59,160 $ 281,119 $ 185,295 $ 466,414 $ 857,732 $ 541,620 $ 1,399,352 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Industrial Technologies Defense Technologies Total Industrial Technologies Defense Technologies Total United States $ 123,495 $ 146,421 $ 269,916 $ 391,574 $ 389,940 $ 781,514 Europe 61,695 24,537 86,232 209,998 76,133 286,131 Asia 50,736 16,080 66,816 145,750 51,014 196,764 Middle East/Africa 7,395 24,571 31,966 23,046 60,793 83,839 Canada/Latin America 14,579 1,739 16,318 43,407 6,327 49,734 $ 257,900 $ 213,348 $ 471,248 $ 813,775 $ 584,207 $ 1,397,982 Note 17. Operating Segments and Related Information - (Continued) Revenue and Long-Lived Assets by Geographic Area - (Continued) 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): September 30, December 31, 2020 2019 United States $ 1,125,851 $ 1,137,375 Europe 415,105 435,024 Other foreign 405,368 416,425 $ 1,946,324 $ 1,988,824 Major Customers Revenue derived from major customers is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 United States government $ 155,437 $ 165,682 $ 417,632 $ 459,336

Business Acquisitions

Business Acquisitions	9 Months Ended
	Sep. 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 Useful Life 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 Note 18. Business Acquisitions - (Continued) 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	9 Months Ended
	Sep. 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 were 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, which are recorded in “Restructuring Expenses” on the Consolidated Statements of Income, were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Employee separation costs $ (200 ) $ — $ 17,153 $ — Lease consolidation expenses — — 204 — Third party and other costs 493 — 11,422 — Total Restructuring Program Expenses $ 293 $ — $ 28,779 $ — 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 17,151 11,628 28,779 Cash payments (11,253 ) (14,121 ) (25,374 ) Balance at September 30, 2020 $ 7,241 $ 287 $ 7,528 Note 19. Restructuring - (Continued) During the three and nine months ended September 30, 2019 , the Company recognized a total of $2.2 million and $5.8 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	9 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On October 29, 2020 , the Company’s Board of Directors declared a quarterly dividend of $0.17 per share on its common stock, payable on December 4, 2020 , to shareholders of record as of the close of business on November 20, 2020 . The total cash payment of this dividend will be approximately $22.3 million .

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2020
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. 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 [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 nine months ended September 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)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Cost of goods sold $ 491 $ 769 $ 3,226 $ 2,326 Research and development 1,863 2,296 5,817 5,981 Selling, general and administrative 7,306 7,028 21,504 19,064 Stock-based compensation expense before income taxes $ 9,660 $ 10,093 $ 30,547 $ 27,371 Stock-based compensation expense capitalized in the Consolidated Balance Sheets is as follows (in thousands): September 30, 2020 2019 Capitalized in inventory $ 1,171 $ 1,194

Net Earnings Per Share Net Ea_2

Net Earnings Per Share Net Earnings Per Share (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Numerator for earnings per share: Net earnings for basic and diluted earnings per share $ 60,663 $ 62,047 $ 137,344 $ 169,913 Denominator for earnings per share: Weighted average number of common shares outstanding 131,125 134,741 131,848 135,264 Assumed exercise of stock options and vesting of restricted stock awards, net of shares assumed reacquired under the treasury stock method 558 1,309 993 1,562 Diluted shares outstanding 131,683 136,050 132,841 136,826

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 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): September 30, 2020 December 31, 2019 Derivative instruments designated as cash flow hedges: Interest Rate Swap $ 143,249 $ 143,302 Derivative instruments designated as fair value hedges: Currency Forward Contracts 255,000 340,000 Derivative instruments not formally designated as hedges: Currency Forward Contracts 149,591 104,835 The following table presents the balance sheet classification and fair value of derivative instruments (in thousands): September 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 $ 726 $ 404 Derivative instruments in liability positions: Interest Rate Swap Other current liabilities 911 453 Interest Rate Swap Other long-term liabilities 1,814 1,012 Derivative instruments designated as fair value hedges: Derivative instruments in liability positions: Currency forward contracts Other current liabilities 2,831 454 Currency forward contracts Other long-term liabilities 2,099 1,189 Derivative instruments not formally designated as hedges: Derivative instruments in asset positions: Currency forward contracts Prepaid expenses and other current assets 142 3,010 Derivative instruments in liability positions: Currency forward contracts Other current liabilities 6,629 391 The following table presents the statement of income classification of derivative instruments (in thousands): Three Months Ended September 30, Nine Months Ended September 30, Classification 2020 2019 2020 2019 Derivative instruments designated as cash flow hedges: Loss recognized in other comprehensive income (loss), net of tax Other comprehensive income (loss) $ 54 $ 132 $ 704 $ 1,718 Loss reclassified from other comprehensive income (loss) to earnings for the effective portion Interest expense 199 218 474 438 Derivative instruments designated as fair value hedges: Loss recognized in earnings for effective portion Other (income) expense, net 9,109 — 9,670 — Gain recognized in income for amount excluded from effectiveness testing Other (income) expense, net (1,051 ) — (3,239 ) — Loss (gain) recognized in other comprehensive income (loss), net of tax Other comprehensive income (loss) 550 — (3,261 ) — Derivative instruments not formally designated as hedges: (Gain) loss recognized in earnings Other (income) expense, net (9,747 ) 2,319 (2,970 ) 2,611

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2020
Inventory Disclosure [Abstract]
Inventories	Inventories consist of the following (in thousands): September 30, December 31, 2020 2019 Raw material and subassemblies $ 269,062 $ 224,239 Work-in-progress 61,624 44,344 Finished goods 144,159 120,179 $ 474,845 $ 388,762

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Lease Costs	The components of lease expense were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Operating lease expense $ 2,999 $ 3,239 $ 9,066 $ 8,711 Short-term lease expense 28 277 81 850 Variable lease expense 516 555 1,632 1,671 Total lease expense $ 3,543 $ 4,071 $ 10,779 $ 11,232 Supplemental balance sheet information related to operating leases is as follows (in thousands): September 30, 2020 December 31, 2019 Operating lease right-of-use assets $ 34,562 $ 35,479 Operating lease liabilities $ 38,249 $ 39,291

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 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 nine months ended September 30, 2020 (in thousands): Industrial Technologies Defense Technologies Consolidated Balance, December 31, 2019 $ 635,899 $ 728,697 $ 1,364,596 Adjustments to goodwill — (12,617 ) (12,617 ) Currency translation adjustments 4,266 (5,598 ) (1,332 ) Balance, September 30, 2020 $ 640,165 $ 710,482 $ 1,350,647

Debt Debt (Tables)

Debt Debt (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Long-term debt	The Company's debt consists of the following (in thousands): September 30, 2020 December 31, 2019 Maturity Date Amount Stated Rate Effective Rate Amount Stated Rate Effective Rate Senior Unsecured Notes: Senior 2030 Notes August 1, 2030 $ 500,000 2.500 % 2.630 % $ — — % — % Senior 2021 Notes (1) June 15, 2021 — — % — % 425,000 3.125 % 3.343 % Credit Agreement: U.S. dollar term loan March 29, 2024 92,500 1.470 % 1.732 % 96,250 1.945 % 2.196 % Swedish kronor term loan March 29, 2024 143,248 1.250 % 1.503 % 143,302 0.098 % 0.351 % Revolving credit facility March 29, 2024 65,000 1.397 % 1.397 % 16,000 1.799 % 1.799 % Total 800,748 680,552 Unamortized discounts and issuance costs (7,785 ) (3,689 ) Total debt $ 792,963 $ 676,863 Reported as: Credit facility $ 65,000 $ 16,000 Long-term debt, current portion 12,743 12,444 Long-term debt, net of current portion 715,220 648,419 Total $ 792,963 $ 676,863

Accrued Product Warranties (Tab

Accrued Product Warranties (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Accrued product warranties, beginning of period $ 20,348 $ 18,541 $ 19,143 $ 18,583 Amounts paid for warranty services (1,908 ) (3,853 ) (5,714 ) (10,983 ) Warranty provisions for products sold 2,375 4,329 7,464 10,536 Business acquisition — — — 899 Currency translation adjustments and other 117 (100 ) 39 (118 ) Accrued product warranties, end of period $ 20,932 $ 18,917 $ 20,932 $ 18,917 Current accrued product warranties, end of period $ 16,786 $ 14,371 Long-term accrued product warranties, end of period $ 4,146 $ 4,546

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Income tax provision $ 19,258 $ 5,079 $ 47,669 $ 30,093 Effective tax rate 24.1 % 7.6 % 25.8 % 15.0 %
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)	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Operating Business Unit Information	Segment operating income information is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Revenue—External Customers: Industrial Technologies $ 281,119 $ 257,900 $ 857,732 $ 813,775 Defense Technologies 185,295 213,348 541,620 584,207 $ 466,414 $ 471,248 $ 1,399,352 $ 1,397,982 Revenue—Intersegments: Industrial Technologies $ 3,639 $ 3,759 $ 10,269 $ 12,221 Defense Technologies 2,289 959 5,562 3,906 Eliminations (5,928 ) (4,718 ) (15,831 ) (16,127 ) $ — $ — $ — $ — Segment operating income: Industrial Technologies $ 87,743 $ 63,713 $ 259,145 $ 204,365 Defense Technologies 38,811 53,809 113,120 146,485 $ 126,554 $ 117,522 $ 372,265 $ 350,850 A reconciliation of the Company's consolidated segment operating income to consolidated earnings before income taxes is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Consolidated segment operating income $ 126,554 $ 117,522 $ 372,265 $ 350,850 Unallocated corporate expenses (27,812 ) (25,491 ) (93,082 ) (83,416 ) Amortization of purchased intangible assets (11,872 ) (15,477 ) (35,522 ) (42,451 ) Restructuring expenses (293 ) (2,166 ) (28,779 ) (5,776 ) Consolidated earnings from operations 86,577 74,388 214,882 219,207 Loss on debt extinguishment (9,126 ) — (9,126 ) — Interest and non-operating income (expense) 2,470 (7,262 ) (20,743 ) (19,201 ) Consolidated earnings before income taxes $ 79,921 $ 67,126 $ 185,013 $ 200,006
Business unit assets	September 30, December 31, 2020 2019 Operating segment assets: Net accounts receivable, inventories and demonstration assets: Industrial Technologies $ 420,319 $ 405,166 Defense Technologies 395,752 332,639 $ 816,071 $ 737,805 Goodwill: Industrial Technologies 640,165 635,899 Defense Technologies 710,482 728,697 $ 1,350,647 $ 1,364,596 Total operating segment assets $ 2,166,718 $ 2,102,401 Assets not allocated: Cash and cash equivalents $ 319,995 $ 284,592 Prepaid expenses and other current assets 92,620 86,337 Property and equipment, net 255,457 255,905 Deferred income taxes 37,902 39,983 Intangible assets, net 211,206 247,514 Other assets 129,014 120,809 Total assets $ 3,212,912 $ 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 September 30, 2020 Nine Months Ended September 30, 2020 Industrial Technologies Defense Technologies Total Industrial Technologies Defense Technologies Total United States $ 127,594 $ 134,518 $ 262,112 $ 362,232 $ 362,165 $ 724,397 Europe 73,031 24,312 $ 97,343 216,197 69,733 $ 285,930 Asia 53,991 11,214 $ 65,205 188,329 39,292 $ 227,621 Middle East/Africa 9,072 10,135 $ 19,207 41,887 60,357 $ 102,244 Canada/Latin America 17,431 5,116 $ 22,547 49,087 10,073 $ 59,160 $ 281,119 $ 185,295 $ 466,414 $ 857,732 $ 541,620 $ 1,399,352 Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Industrial Technologies Defense Technologies Total Industrial Technologies Defense Technologies Total United States $ 123,495 $ 146,421 $ 269,916 $ 391,574 $ 389,940 $ 781,514 Europe 61,695 24,537 86,232 209,998 76,133 286,131 Asia 50,736 16,080 66,816 145,750 51,014 196,764 Middle East/Africa 7,395 24,571 31,966 23,046 60,793 83,839 Canada/Latin America 14,579 1,739 16,318 43,407 6,327 49,734 $ 257,900 $ 213,348 $ 471,248 $ 813,775 $ 584,207 $ 1,397,982 Note 17. Operating Segments and Related Information - (Continued) Revenue and Long-Lived Assets by Geographic Area - (Continued) 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): September 30, December 31, 2020 2019 United States $ 1,125,851 $ 1,137,375 Europe 415,105 435,024 Other foreign 405,368 416,425 $ 1,946,324 $ 1,988,824
Revenue Derived from Major Customers	Major Customers Revenue derived from major customers is as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 United States government $ 155,437 $ 165,682 $ 417,632 $ 459,336

Business Acquisitions (Tables)

Business Acquisitions (Tables) - Endeavor [Member]	9 Months Ended
	Sep. 30, 2020	Sep. 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 Useful Life 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)	9 Months Ended
	Sep. 30, 2020
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs [Table Text Block]	Restructuring expenses related to Project Be Ready, which are recorded in “Restructuring Expenses” on the Consolidated Statements of Income, were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Employee separation costs $ (200 ) $ — $ 17,153 $ — Lease consolidation expenses — — 204 — Third party and other costs 493 — 11,422 — Total Restructuring Program Expenses $ 293 $ — $ 28,779 $ — 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 17,151 11,628 28,779 Cash payments (11,253 ) (14,121 ) (25,374 ) Balance at September 30, 2020 $ 7,241 $ 287 $ 7,528

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policies (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Right-of-use assets	$ 34,562	$ 35,479
Lease liabilities	$ 38,249	$ 39,291

Revenue Revenue (Details textua

Revenue Revenue (Details textual) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Contract assets	$ 37.5	$ 9.4
Contract liabilities	51.4	69.1
Contract with Customer, Liability, Noncurrent	12	$ 12.5
Contract liability, revenue recognized	41.8
Remaining performance obligation	$ 329.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Remaining performance obligation, expected timing of satisfaction, percent	74.00%
Remaining performance obligation, expected timing of satisfaction, period	1 year

Stock-based Compensation (Detai

Stock-based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expense	$ 9,660	$ 10,093	$ 30,547	$ 27,371
Cost of Goods Sold [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expese	491	769	3,226	2,326
Research and Development Expense [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expese	1,863	2,296	5,817	5,981
Selling, General and Administrative Expenses [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation expese	$ 7,306	$ 7,028	$ 21,504	$ 19,064

Stock-based compensation Stock-

Stock-based compensation Stock-based Compensation (Details 1) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Share-based Payment Arrangement, Noncash Expense [Abstract]
Capitalized in inventory	$ 1,171	$ 1,194

Stock-based Compensation (Det_2

Stock-based Compensation (Detail textual) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2020USD ($)
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	$ 61.7	$ 61.7
Weighted average period of unrecognized stock-based compensation costs, net of estimated forfeiture	2 years

Net Earnings Per Share Net Ea_3

Net Earnings Per Share Net Earnings Per Share (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Net Income (loss) Available to Common Stockholders, Basic	$ 60,663	$ 62,047	$ 137,344	$ 169,913
Weighted Average Number of Shares Outstanding, Basic	131,125	134,741	131,848	135,264
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	558	1,309	993	1,562
Weighted Average Number of Shares Outstanding, Diluted	131,683	136,050	132,841	136,826

Net Earnings Per Share Net Ea_4

Net Earnings Per Share Net Earnings Per Share (Detail textual) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	632,000	80,000	522,000	76,000

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents at fair value	$ 700
Minority interest Impairment Charges	4,803	$ 0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of senior unsecured notes	$ 513,000		$ 430,100

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 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	$ 143,249	$ 143,302
Designated as Hedging Instrument | Currency Forward Contracts
Derivative [Line Items]
Derivative, Notional Amount	255,000	340,000
Not Designated as Hedging Instrument | Currency Forward Contracts
Derivative [Line Items]
Derivative, Notional Amount	$ 149,591	$ 104,835

Balance Sheet Information (Deta

Balance Sheet Information (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Designated as Hedging Instrument | Prepaid Expenses and Other Current Assets | Interest Rate Swap
Derivative [Line Items]
Derivative Asset	$ 726	$ 404
Designated as Hedging Instrument | Other Current Liabilities | Interest Rate Swap
Derivative [Line Items]
Derivative Liability	911	453
Designated as Hedging Instrument | Other Current Liabilities | Currency Forward Contracts
Derivative [Line Items]
Derivative Liability	2,831	454
Designated as Hedging Instrument | Other Noncurrent Liabilities | Interest Rate Swap
Derivative [Line Items]
Derivative Liability	1,814	1,012
Designated as Hedging Instrument | Other Noncurrent Liabilities | Currency Forward Contracts
Derivative [Line Items]
Derivative Liability	2,099	1,189
Not Designated as Hedging Instrument | Prepaid Expenses and Other Current Assets | Currency Forward Contracts
Derivative [Line Items]
Derivative Asset	142	3,010
Not Designated as Hedging Instrument | Other Current Liabilities | Currency Forward Contracts
Derivative [Line Items]
Derivative Liability	$ 6,629	$ 391

Income Statement (Details)

Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Derivative [Line Items]
(Gain) loss recognized in other comprehensive income, net of tax	$ 550	$ 0	$ (3,261)	$ 0
Not Designated as Hedging Instrument | Other Expense (Income), Net
Derivative [Line Items]
(Gain) loss recognized in earnings	(9,747)	2,319	(2,970)	2,611
Cash Flow Hedging | Designated as Hedging Instrument
Derivative [Line Items]
Loss recognized in other comprehensive income, net of tax	54	132	704	1,718
Cash Flow Hedging | Designated as Hedging Instrument | Interest Expense
Derivative [Line Items]
Loss reclassified from other comprehensive income to earnings for the effective portion	199	218	474	438
Fair Value Hedging | Designated as Hedging Instrument | Other Expense (Income), Net
Derivative [Line Items]
(Gain) loss recognized in earnings for effective portion	9,109	0	9,670	0
(Gain) loss recognized in income for amount excluded from effectiveness testing	$ (1,051)	$ 0	$ (3,239)	$ 0

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($) $ in Millions	Sep. 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	$ 8.1	$ 6.1

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Raw material and subassemblies	$ 269,062	$ 224,239
Work-in-progress	61,624	44,344
Finished goods	144,159	120,179
Total inventories	$ 474,845	$ 388,762

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Lessee, Lease, Description [Line Items]
Operating lease expense	$ 2,999	$ 3,239	$ 9,066	$ 8,711
Short-term lease expense	28	277	81	850
Variable lease expense	516	555	1,632	1,671
Total lease expense	$ 3,543	$ 4,071	$ 10,779	$ 11,232
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	Sep. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease right-of-use assets	$ 34,562	$ 35,479
Operating lease liabilities	$ 38,249	$ 39,291

Property and Equipment (Details

Property and Equipment (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Depreciation	$ 11	$ 11.2	$ 34	$ 32.4
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 402		$ 402		$ 370.1

Goodwill (Details)

Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)
Goodwill [Roll Forward]
Beginning Balance	$ 1,364,596
Goodwill, Acquired During Period	(12,617)
Goodwill, Translation Adjustments	(1,332)
Ending Balance	1,350,647
Industrial Technologies
Goodwill [Roll Forward]
Beginning Balance	635,899
Goodwill, Acquired During Period	0
Goodwill, Translation Adjustments	4,266
Ending Balance	640,165
Defense Technologies
Goodwill [Roll Forward]
Beginning Balance	728,697
Goodwill, Acquired During Period	(12,617)
Goodwill, Translation Adjustments	(5,598)
Ending Balance	$ 710,482

Intangible Assets Intangible As

Intangible Assets Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Intangible Assets [Abstract]
Finite-Lived Intangible Assets, Accumulated Amortization	$ 164.1		$ 164.1		$ 129.9
Amortization of Intangible Assets	$ 11.9	$ 15.5	$ 35.6	$ 42.5

Debt Debt (Details)

Debt Debt (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Aug. 03, 2020	Dec. 31, 2019	Mar. 29, 2019
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 800,748		$ 680,552
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	7,785		3,689
Long-term Debt	792,963		676,863
Long-term debt, current portion	12,743		12,444
Long-term debt, net of current portion	715,220		648,419
Credit Agreement | United States of America, Dollars
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 92,500		$ 96,250
Senior unsecured notes, interest rate	1.47%		1.945%
Debt Instrument, Interest Rate, Effective Percentage	1.732%		2.196%
Debt Instrument, Maturity Date	Mar. 29, 2024
Credit Agreement | Swedish Kronor
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 143,248		$ 143,302	$ 150,000
Senior unsecured notes, interest rate	1.25%		0.098%
Debt Instrument, Interest Rate, Effective Percentage	1.503%		0.351%
Debt Instrument, Maturity Date	Mar. 29, 2024
Revolving Credit Facility
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 65,000		$ 16,000
Senior unsecured notes, interest rate	1.397%		1.799%
Debt Instrument, Interest Rate, Effective Percentage	1.397%		1.799%
Debt Instrument, Maturity Date	Mar. 29, 2024
Unsecured notes | Senior 2030 Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 500,000	$ 500,000	$ 0
Senior unsecured notes, interest rate	2.50%		0.00%
Debt Instrument, Interest Rate, Effective Percentage	2.63%		0.00%
Debt Instrument, Maturity Date	Aug. 1, 2030
Unsecured notes | Senior 2021 Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 0		$ 425,000
Senior unsecured notes, interest rate	0.00%		3.125%
Debt Instrument, Interest Rate, Effective Percentage	0.00%		3.343%
Debt Instrument, Maturity Date	Jun. 15, 2021

Debt (Details texture)

Debt (Details texture) - USD ($) $ in Thousands	Aug. 03, 2020	Mar. 29, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Line of Credit Facility [Line Items]
Net proceeds from credit facility and long-term debt, including current portion					$ 175,000	$ 723,054
Repayments of credit facility					135,352	393,634
Letters of Credit Outstanding, Amount			$ 10,800		10,800
Long-term Debt, Gross			800,748		800,748		$ 680,552
Loss on debt extinguishment			$ (9,126)	$ 0	(9,126)	0
Payment for Debt Extinguishment or Debt Prepayment Cost					8,509	$ 0
Write off of Deferred Debt Issuance Cost					$ (600)
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%
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 | Swedish Kronor
Line of Credit Facility [Line Items]
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
Credit Agreement | United States of America, Dollars
Line of Credit Facility [Line Items]
Senior unsecured notes, interest rate			1.47%		1.47%		1.945%
Long-term Debt, Gross			$ 92,500		$ 92,500		$ 96,250
Credit Agreement | Swedish Kronor
Line of Credit Facility [Line Items]
Senior unsecured notes, interest rate			1.25%		1.25%		0.098%
Long-term Debt, Gross		$ 150,000	$ 143,248		$ 143,248		$ 143,302
Revolving Credit Facility
Line of Credit Facility [Line Items]
Net proceeds from credit facility and long-term debt, including current portion					100,000
Proceeds from credit facility					175,000
Repayments of credit facility					$ 126,000
Senior unsecured notes, interest rate			1.397%		1.397%		1.799%
Long-term Debt, Gross			$ 65,000		$ 65,000		$ 16,000
Standby Letters of Credit
Line of Credit Facility [Line Items]
Letters of Credit Outstanding, Amount			$ 248,000		$ 248,000
BANK OF AMERICA, NATIONAL ASSOCIATION [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Commitment Fee Percentage					0.175%
Unsecured notes | Senior 2030 Notes [Member]
Line of Credit Facility [Line Items]
Net proceeds from credit facility and long-term debt, including current portion	$ 494,200
Senior unsecured notes, interest rate			2.50%		2.50%		0.00%
Long-term Debt, Gross	$ 500,000		$ 500,000		$ 500,000		$ 0
Unsecured notes | Senior 2021 Notes [Member]
Line of Credit Facility [Line Items]
Senior unsecured notes, interest rate			0.00%		0.00%		3.125%
Long-term Debt, Gross			$ 0		$ 0		$ 425,000

Accrued Product Warranties (Det

Accrued Product Warranties (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Movement in Standard Product Warranty Accrual [Roll Forward]
Accrued product warranties, beginning of year	$ 20,348	$ 18,541	$ 19,143	$ 18,583
Amounts paid for warranty services	(1,908)	(3,853)	(5,714)	(10,983)
Warranty provisions for products sold	2,375	4,329	7,464	10,536
Business acquisitions and disposals	0	0	0	899
Currency translation adjustments and other	117	(100)	39	(118)
Accrued product warranties, end of year	20,932	18,917	20,932	18,917
Current accrued product warranties, end of year	16,786	14,371	16,786	14,371	$ 14,611
Long-term accrued product warranties, end of ear	$ 4,146	$ 4,546	$ 4,146	$ 4,546

Contingencies (Details)

Contingencies (Details) - USD ($) $ in Millions	Apr. 30, 2020	Apr. 30, 2019	Apr. 30, 2018	Apr. 24, 2018	Sep. 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					2.7
Product Quality Matters | Minimum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss					2.7
Product Quality Matters | Maximum
Loss Contingencies [Line Items]
Loss contingency, estimate of possible loss					$ 9.1
Subsequent Event
Loss Contingencies [Line Items]
Litigation settlement payment						$ 3.5

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Current tax expense (benefit):
Income tax provision	$ 19,258	$ 5,079	$ 47,669	$ 30,093
Effective tax rate	24.10%	7.60%	25.80%	15.00%
Current income tax expense (benefit)			$ 10,100
Deferred tax expense (benefit):
Unrecognized Tax Benefits	$ 35,700		35,700
Deferred Income Tax Expense (Benefit), Excluding Discontinued Operations			$ 34,400

Income Taxes (Details 2)

Income Taxes (Details 2) $ in Millions	9 Months Ended
	Sep. 30, 2020USD ($)
Income Taxes [Line Items]
Taxes Payable, Current	$ 2.7
Foreign
Income Taxes [Line Items]
Income Tax Examination, Estimate of Possible Loss	334.2
Transition [Member]
Income Taxes [Line Items]
Tax Adjustments, Settlements, and Unusual Provisions	$ 37.1

Income Taxes (Details 3)

Income Taxes (Details 3) $ in Millions	9 Months Ended
	Sep. 30, 2020USD ($)
Income Tax Disclosure [Abstract]
Statutory federal tax rate	21.00%
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 5.3

Income Taxes (Details 4)

Income Taxes (Details 4) $ in Millions	9 Months Ended
	Sep. 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	$ 334.2

Operating Segments and Relate_3

Operating Segments and Related Information (Details)	9 Months Ended
	Sep. 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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	$ 466,414	$ 471,248	$ 1,399,352	$ 1,397,982
Earnings from operations	86,577	74,388	214,882	219,207
Defense Technologies
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	185,295	213,348	541,620	584,207
Intersegment revenue	(2,289)	(959)	(5,562)	(3,906)
Earnings from operations	38,811	53,809	113,120	146,485
Industrial Technologies
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	281,119	257,900	857,732	813,775
Intersegment revenue	(3,639)	(3,759)	(10,269)	(12,221)
Earnings from operations	87,743	63,713	259,145	204,365
Eliminations
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Intersegment revenue	(5,928)	(4,718)	(15,831)	(16,127)
Total Segments [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	466,414	471,248	1,399,352	1,397,982
Intersegment revenue	0	0	0	0
Earnings from operations	$ 126,554	$ 117,522	$ 372,265	$ 350,850

Operating Segments and Relate_5

Operating Segments and Related Information Operating Segments and related information (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Unallocated corporate expense	$ (27,812)	$ (25,491)	$ (93,082)	$ (83,416)
Amortization of purchased Intangible Assets	(11,900)	(15,500)	(35,600)	(42,500)
Restructuring Costs			28,779	5,776
Other	(293)	(2,166)
Consolidated earnings from operations	86,577	74,388	214,882	219,207
Loss on debt extinguishment	(9,126)	0	(9,126)	0
Other Nonoperating Expense	2,470	7,262	20,743	19,201
Consolidated earnings before income taxes	79,921	67,126	185,013	200,006
Acquisition-related Costs [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Amortization of purchased Intangible Assets	(11,872)	(15,477)	(35,522)	(42,451)
Total Segments [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Consolidated segment operating income	126,554	117,522	372,265	350,850
Consolidated earnings from operations	$ 126,554	$ 117,522	$ 372,265	$ 350,850

Operating Segments and Relate_6

Operating Segments and Related Information (Details 4) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Segment Reporting, Asset Reconciling Item [Line Items]
BU assets (accounts receivable, inventory and demo assets, Net)	$ 816,071	$ 737,805
BU assets (accounts receivable, inventory, demo assets and goodwill, Net)	2,166,718	2,102,401
Cash and cash equivalents	319,995	284,592	$ 295,391	$ 512,144
Prepaid expenses and other current assets	92,620	86,337
Property and equipment, net	255,457	255,905
Deferred Income Tax Assets, Net	37,902	39,983
Goodwill	1,350,647	1,364,596
Intangible assets, net	211,206	247,514
Other assets	129,014	120,809
Assets	3,212,912	3,137,541
Defense Technologies
Segment Reporting, Asset Reconciling Item [Line Items]
BU assets (accounts receivable, inventory and demo assets, Net)	395,752	332,639
Goodwill	710,482	728,697
Industrial Technologies
Segment Reporting, Asset Reconciling Item [Line Items]
BU assets (accounts receivable, inventory and demo assets, Net)	420,319	405,166
Goodwill	$ 640,165	$ 635,899

Operating Segments and Relate_7

Operating Segments and Related Information (Details 5) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	$ 466,414	$ 471,248	$ 1,399,352	$ 1,397,982
Industrial Technologies
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	281,119	257,900	857,732	813,775
Industrial Technologies | United States
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	127,594	123,495	362,232	391,574
Industrial Technologies | Europe [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	73,031	61,695	216,197	209,998
Industrial Technologies | Asia [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	53,991	50,736	188,329	145,750
Industrial Technologies | Mid_East/Africa [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	9,072	7,395	41,887	23,046
Industrial Technologies | Canada/Latin America
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	17,431	14,579	49,087	43,407
Defense Technologies
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	185,295	213,348	541,620	584,207
Defense Technologies | United States
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	134,518	146,421	362,165	389,940
Defense Technologies | Europe [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	24,312	24,537	69,733	76,133
Defense Technologies | Asia [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	11,214	16,080	39,292	51,014
Defense Technologies | Mid_East/Africa [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	10,135	24,571	60,357	60,793
Defense Technologies | Canada/Latin America
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	5,116	1,739	10,073	6,327
Total Segments [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	466,414	471,248	1,399,352	1,397,982
Total Segments [Member] | United States
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	262,112	269,916	724,397	781,514
Total Segments [Member] | Europe [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	97,343	86,232	285,930	286,131
Total Segments [Member] | Asia [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	65,205	66,816	227,621	196,764
Total Segments [Member] | Mid_East/Africa [Member]
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	19,207	31,966	102,244	83,839
Total Segments [Member] | Canada/Latin America
Business Unit Reporting, Revenue Reconciling Item [Line Items]
Revenue	$ 22,547	$ 16,318	$ 59,160	$ 49,734

Operating Segments and Relate_8

Operating Segments and Related Information (Details 6) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Business Unit Reporting, Asset Reconciling Item [Line Items]
Long-lived assets	$ 1,946,324	$ 1,988,824
United States
Business Unit Reporting, Asset Reconciling Item [Line Items]
Long-lived assets	1,125,851	1,137,375
Europe [Member]
Business Unit Reporting, Asset Reconciling Item [Line Items]
Long-lived assets	415,105	435,024
Other Geographic Region [Member]
Business Unit Reporting, Asset Reconciling Item [Line Items]
Long-lived assets	$ 405,368	$ 416,425

Operating Segments and Relate_9

Operating Segments and Related Information (Details 7) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue, Major Customer [Line Items]
Revenue	$ 466,414	$ 471,248	$ 1,399,352	$ 1,397,982
United States government
Revenue, Major Customer [Line Items]
Revenue	$ 155,437	$ 165,682	$ 417,632	$ 459,336

Business Acquisitions (Detail)

Business Acquisitions (Detail) - USD ($) $ in Thousands	May 01, 2019	Mar. 04, 2019	Apr. 30, 2021	Sep. 30, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill				$ 1,350,647	$ 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	Sep. 30, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill			$ 1,350,647	$ 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		9 Months Ended		24 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ (293)	$ (2,166)	$ (28,779)	$ (5,776)
Project Be Ready [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	(293)	0	(28,779)	0
Employee Separation costs
Restructuring Cost and Reserve [Line Items]
Restructuring expenses			(17,151)
Employee Separation costs | Project Be Ready [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	(200)	0	(17,153)	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			(11,628)
Third party and other costs | Project Be Ready [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ (493)	$ 0	$ (11,422)	$ 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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 293	$ 2,166	$ 28,779	$ 5,776
Project Be Ready [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 293	$ 0	$ 28,779	$ 0

Restructuring Costs (Details 3)

Restructuring Costs (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning			$ 4,123
Restructuring expenses	$ 293	$ 2,166	28,779	$ 5,776
Utilization			(25,374)
Restructuring Reserve, Ending	7,528		7,528
Employee Separation costs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning			1,343
Restructuring expenses			17,151
Utilization			(11,253)
Restructuring Reserve, Ending	7,241		7,241
Third party and other costs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning			2,780
Restructuring expenses			11,628
Utilization			(14,121)
Restructuring Reserve, Ending	$ 287		$ 287

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 04, 2020	Nov. 20, 2020	Oct. 29, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Subsequent Event [Line Items]
Long-term Debt, Gross				$ 800,748		$ 800,748		$ 680,552
Loss on debt extinguishment				$ (9,126)	$ 0	$ (9,126)	$ 0
Subsequent Event
Subsequent Event [Line Items]
Dividends Payable, Date Declared			Oct. 29, 2020
Quarterly dividend, value per share			$ 0.17
Quarterly dividend, date to be paid	Dec. 4, 2020
Quarterly dividend, date of record		Nov. 20, 2020
Quarterly dividend, amount declared	$ 22,300