TriMas (TRS) 10-K 23 Feb 23 2022 FY Annual report Financial data

Document and Entity Information

Document and Entity Information Document - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2022	Feb. 20, 2023	Jun. 30, 2022
Entity Information [Line Items]
Title of 12(b) Security	Common stock, $0.01 par value
Entity Incorporation, State or Country Code	DE
Document Annual Report	true
Entity Registrant Name	TRIMAS CORPORATION
Entity Address, Address Line One	38505 Woodward Avenue
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Bloomfield Hills
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48304
City Area Code	248
Local Phone Number	631-5450
Entity Central Index Key	0000842633
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Entity File Number	001-10716
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		41,477,451
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Public Float			$ 1.1
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Document Transition Report	false
Entity Tax Identification Number	38-2687639
Trading Symbol	TRS
Security Exchange Name	NASDAQ

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Auditor [Line Items]
Auditor Location	Detroit, Michigan
Auditor Name	Deloitte & Touche LLP
Auditor Firm ID	34

Consolidated Balance Sheet Stat

Consolidated Balance Sheet Statement - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 112,090	$ 140,740
Receivables, net	132,370	125,630
Inventories	163,360	152,450
Prepaid expenses and other current assets	14,840	12,950
Total current assets	422,660	431,770
Property and equipment, net	277,750	265,630
Operating lease right-of-use assets	47,280	50,650
Goodwill	339,810	315,490
Other intangibles, net	188,110	196,730
Deferred income taxes	9,400	9,740
Other assets	19,990	33,630
Total assets	1,305,000	1,303,640
Current liabilities:
Accounts payable	85,210	87,800
Accrued liabilities	46,660	58,980
Operating lease liabilities, current portion	8,280	8,120
Total current liabilities	140,150	154,900
Long-term debt, net	394,730	393,820
Operating lease liabilities	41,010	43,780
Deferred income taxes	20,940	21,260
Other long-term liabilities	56,340	59,030
Total liabilities	653,170	672,790
Preferred stock $0.01 par: Authorized 100,000,000 shares; Issued and outstanding: None	0	0
Common stock, $0.01 par: Authorized 400,000,000 shares; Issued and outstanding: 41,724,762 shares at December 31, 2022 and 42,836,574 shares at December 31, 2021	420	430
Paid-in capital	696,160	732,490
Accumulated deficit	(36,130)	(102,300)
Accumulated other comprehensive income (loss)	(8,620)	230
Total shareholders' equity	651,830	630,850
Total liabilities and shareholders' equity	$ 1,305,000	$ 1,303,640

Consolidated Balance Sheet Pare

Consolidated Balance Sheet Parentheticals - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Stockholders' Equity:
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	100,000,000	100,000,000
Preferred Stock, Shares Issued	0	0
Common Stock, Shares, Issued	41,724,762	42,836,574
Common Stock, Shares, Outstanding	41,724,762	42,836,574
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	400,000,000	400,000,000

Consolidated Statement of Opera

Consolidated Statement of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net sales	$ 883,830	$ 857,110	$ 769,970
Cost of sales	(675,530)	(639,920)	(587,890)
Gross profit	208,300	217,190	182,080
Selling, general and administrative expenses	(131,190)	(121,970)	(134,480)
Net gain (loss) on dispositions of assets	21,950	(130)	(1,290)
Impairment of goodwill and indefinite-lived intangible assets	0	0	(134,600)
Operating profit (loss)	99,060	95,090	(88,290)
Other expense, net:
Interest expense	(14,110)	(14,510)	(14,660)
Debt financing and related expenses	0	(10,520)	0
Other income (expense), net	2,720	(950)	240
Other expense, net	(11,390)	(25,980)	(14,420)
Income (loss) before income taxes	87,670	69,110	(102,710)
Income tax benefit (expense)	(21,500)	(11,800)	22,950
Net income (loss)	$ 66,170	$ 57,310	$ (79,760)
Basic earnings (loss) per share:
Net income (loss) per share	$ 1.57	$ 1.33	$ (1.83)
Weighted average common shares—basic	42,249,244	43,006,922	43,581,232
Diluted earnings (loss) per share:
Net income (loss) per share	$ 1.56	$ 1.32	$ (1.83)
Weighted average common shares—diluted	42,478,015	43,281,076	43,581,232

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 66,170	$ 57,310	$ (79,760)
Other comprehensive income
Defined benefit plans	(550)	3,790	1,310
Foreign currency translation	(17,710)	(7,430)	6,880
Derivative instruments	9,410	9,490	(7,810)
Total other comprehensive income (loss)	(8,850)	5,850	380
Total comprehensive income (loss)	$ 57,320	$ 63,160	$ (79,380)

Consolidated Statement of Cash

Consolidated Statement of Cash Flows Statement - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash Flows from Operating Activities:
Net income (loss)	$ 66,170	$ 57,310	$ (79,760)
Adjustments to reconcile income to net cash provided by operating activities, net of acquisition impact:
Impairment of goodwill and indefinite-lived intangible assets	0	0	134,600
(Gain) loss on dispositions of assets	(21,950)	130	1,290
Depreciation	34,120	31,890	29,020
Amortization of intangible assets	19,100	21,560	20,750
Amortization of debt issue costs	910	960	1,150
Deferred income taxes	(1,400)	1,680	(33,710)
Non-cash compensation expense	9,840	9,500	8,170
Debt financing and related expenses	0	10,520	0
Change in legacy liability estimate	5,590	1,450	23,400
(Increase) decrease in receivables	(6,650)	(11,180)	9,580
(Increase) decrease in inventories	(6,970)	(960)	3,980
Decrease in prepaid expenses and other assets	6,120	5,030	4,400
Increase (decrease) in accounts payable and accrued liabilities	(29,130)	2,120	4,490
Other operating activities	(3,180)	4,210	50
Net cash provided by operating activities	72,570	134,220	127,410
Cash Flows from Investing Activities:
Capital expenditures	(45,960)	(45,060)	(40,480)
Acquisition of businesses, net of cash acquired	(64,100)	(34,340)	(193,540)
Cross-currency swap terminations	26,230	0	0
Net proceeds from dispositions businesses, property and equipment	28,790	220	1,950
Net cash used for investing activities	(55,040)	(79,180)	(232,070)
Cash Flows from Financing Activities:
Retirement of senior notes	0	(300,000)	0
Proceeds from issuance of senior notes	0	400,000	0
Proceeds from borrowings on revolving credit facilities	12,000	0	367,280
Repayments of borrowings on revolving credit facilities	(12,000)	(48,620)	(319,120)
Debt financing fees and senior notes redemption premium	0	(13,570)	0
Payments to purchase common stock	(36,920)	(19,090)	(39,420)
Shares surrendered upon exercise and vesting of equity awards to cover taxes	(2,380)	(5,230)	(2,600)
Dividends paid	(6,880)	(1,740)	0
Net cash provided by (used for) financing activities	(46,180)	11,750	6,140
Increase (decrease) for the year	(28,650)	66,790	(98,520)
At beginning of year	140,740	73,950	172,470
At end of year	112,090	140,740	73,950
Supplemental disclosure of cash flow information:
Cash paid for interest	12,960	13,280	13,210
Cash paid for income taxes	$ 20,060	$ 10,520	$ 9,060

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity Statement - USD ($) $ in Thousands	Total	Common Stock [Member]	Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Balances at Dec. 31, 2019	$ 697,480	$ 450	$ 782,880	$ (79,850)	$ (6,000)
Net income (loss)	(79,760)			(79,760)
Other comprehensive income (loss)	380				380
Purchase of common stock	(39,420)	(30)	(39,390)
Shares surrendered upon exercise and vesting of equity awards to cover taxes	(2,600)		(2,600)
Non-cash compensation expense	8,170	10	8,160
Balances at Dec. 31, 2020	584,250	430	749,050	(159,610)	(5,620)
Net income (loss)	57,310			57,310
Other comprehensive income (loss)	5,850				5,850
Purchase of common stock	(19,090)	0	(19,090)
Shares surrendered upon exercise and vesting of equity awards to cover taxes	(5,230)		(5,230)
Non-cash compensation expense	9,500	0	9,500
Dividends declared	(1,740)		(1,740)
Balances at Dec. 31, 2021	630,850	430	732,490	(102,300)	230
Net income (loss)	66,170			66,170
Other comprehensive income (loss)	(8,850)				(8,850)
Purchase of common stock	(36,920)	(10)	(36,910)
Shares surrendered upon exercise and vesting of equity awards to cover taxes	(2,380)		(2,380)
Non-cash compensation expense	9,840	0	9,840
Dividends declared	(6,880)		(6,880)
Balances at Dec. 31, 2022	$ 651,830	$ 420	$ 696,160	$ (36,130)	$ (8,620)

Basis of Presentation

Basis of Presentation	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of PresentationTriMas Corporation ("TriMas" or the "Company"), and its consolidated subsidiaries, designs, engineers and manufactures innovative products under leading brand names for customers primarily in the consumer products, aerospace & defense, and industrial markets.The preparation of financial statements requires management of the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities. Actual results may differ from such estimates and assumptions due to risks and uncertainties, including uncertainty and volatility in the current economic environment due to input cost inflation, supply chain disruptions, and shortages in global markets for commodities, logistics and labor, all of which have followed outbreak of the coronavirus and related variants (“COVID-19”) since early 2020. To the extent there are differences between these estimates and actual results, the Company's consolidated financial statements may be materially affected.

New Accounting Pronouncements

New Accounting Pronouncements	12 Months Ended
	Dec. 31, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Recently Adopted Accounting Pronouncements In November 2021, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2021-10, "Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance" ("ASU 2021-10"), which requires annual disclosures to increase transparency around government assistance received by companies. ASU 2021-10 is effective for fiscal years beginning after December 15, 2021. The Company adopted ASU 2021-10 in the fourth quarter of 2022. Certain country, state and local governments in which the Company operates offer or have offered various business incentives related to investment and/or job creation. The Company's participation in these government incentive programs is accounted for by applying a grant or contribution model by analogy; however, the Company determined that the adoption of ASU 2021-10 did not have a material impact on its consolidated financial statements. In October 2021, the FASB issued ASU 2021-08, "Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers" ("ASU 2021-08"), which requires that an acquirer recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606, "Revenue from Contracts with Customers." ASU 2021-08 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2022, with early adoption permitted. The Company adopted ASU 2021-08 in the fourth quarter of 2022, which did not have a significant impact on its consolidated financial statements.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation. The accompanying consolidated financial statements include the accounts and transactions of TriMas and its subsidiaries. Intercompany transactions have been eliminated. Use of Estimates. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management of the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements. Such estimates and assumptions also affect the reported amounts of revenues and expenses during the reporting periods. Significant items subject to such estimates and assumptions include the carrying amount of property and equipment, goodwill and other intangibles, valuation allowances for receivables, inventories and deferred income tax assets, valuation of derivatives, estimated fair value of contingent consideration resulting from business combinations, estimated future unrecoverable lease costs, reserves for asbestos and ordinary course litigation, assets and obligations related to employee benefits and estimated unrecognized tax benefits. Actual results may differ from such estimates and assumptions. Cash and Cash Equivalents. The Company considers cash on hand and on deposit and investments in all highly liquid debt instruments with initial maturities of three months or less to be cash and cash equivalents. Cash and cash equivalents also includes restricted cash, if any, held on deposit with a financial institution as cash collateral for the Company's outstanding letters of credit. See Note 7, " Cash and Cash Equivalents ," for further details regarding the Company's cash and cash equivalents. Receivables. Receivables are presented net of allowances for doubtful accounts of $1.7 million and $1.6 million at December 31, 2022 and 2021, respectively. The Company monitors its exposure for credit losses and maintains allowances for doubtful accounts based upon the Company's best estimate of probable losses inherent in the accounts receivable balances. The Company does not believe that significant credit risk exists due to its diverse customer base. Inventories. Inventories are stated at the lower of cost or net realizable value, with cost determined using the first-in, first-out method. Direct materials, direct labor and allocations of variable and fixed manufacturing-related overhead are included in inventory cost. Property and Equipment. Property and equipment additions, including significant improvements, are recorded at cost. Upon retirement or disposal of property and equipment, the cost and accumulated depreciation are removed from the accounts, and any gain or loss is included in the accompanying statement of operations. Repair and maintenance costs are charged to expense as incurred. Depreciation and Amortization. Depreciation is computed principally using the straight-line method over the estimated useful lives of the assets. Annual depreciation rates are as follows: building and land/building improvements three three five one Impairment of Long-Lived Assets and Definite-Lived Intangible Assets. The Company reviews, on at least a quarterly basis, the financial performance of its businesses for indicators of impairment. In reviewing for impairment indicators, the Company also considers events or changes in circumstances such as business prospects, customer retention, market trends, potential product obsolescence, competitive activities and other economic factors. An impairment loss is recognized when the carrying value of an asset group exceeds the future net undiscounted cash flows expected to be generated by that asset group. The impairment loss recognized is the amount by which the carrying value of the asset group exceeds its fair value. Goodwill. The Company assesses goodwill for impairment on an annual basis (October 1 test date) by reviewing relevant qualitative and quantitative factors. More frequent evaluations may be required if the Company experiences changes in its business climate or as a result of other triggering events that take place. An impairment loss is recognized when the carrying value of a reporting unit's goodwill exceeds its fair value. The Company determines its reporting units at the individual operating segment level, or one level below, when there is discrete financial information available that is regularly reviewed by segment management to evaluate operating results. For purposes of the Company's 2022 goodwill impairment test, the Company had six reporting units, four of which had goodwill, within its three reportable segments. The Company begins its goodwill reviews by conducting a qualitative assessment, considering relevant events and circumstances that affect the fair value or carrying amount of a reporting unit. Such events and circumstances can include macroeconomic conditions, industry and market considerations, overall financial performance, entity and reporting unit specific events, and capital markets pricing. The Company considers the extent to which any identified adverse events and circumstances affect the comparison of a reporting unit's fair value with its carrying amount. The Company places more weight on the events and circumstances that most affect a reporting unit's fair value or the carrying amount of its net assets. The Company considers positive and mitigating events and circumstances that may affect its determination of whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. The Company also considers its most recent valuations of its reporting units, including the difference between the most recent fair value estimate and the carrying amount. Each of these factors is considered by management in reaching its conclusion about whether a quantitative goodwill impairment test is necessary to estimate the fair value of its reporting units. If the Company concludes that conducting a quantitative assessment is required, the Company determines the fair value of the reporting unit being evaluated utilizing a combination of three valuation techniques: discounted cash flow (income approach), market comparable method (market approach) and market capitalization (direct market data method). The income approach is based on management's operating plan and internal five-year forecast and utilizes forward-looking assumptions and projections, on a discounted basis, but considers factors unique to each reporting unit and related long-range plans that may not be comparable to other companies and that are not yet public. The market approach considers potentially comparable companies and transactions within the industries where the Company's reporting units participate, and applies their trading multiples to the financial projections of the Company's reporting units. This approach utilizes data from actual marketplace transactions, but reliance on its results is limited by difficulty in identifying companies that are specifically comparable to the Company's reporting units, considering the diversity of the Company's businesses, the relative sizes and levels of complexity. The Company also uses the direct market data method by comparing its book value and the estimates of fair value of the reporting units to the Company's market capitalization. Management uses this comparison as additional evidence of the fair value of the Company, as its market capitalization may be suppressed by other factors such as the control premium associated with a controlling shareholder, the Company's degree of leverage and the float of the Company's common stock. Management evaluates and weights the results based on a combination of the income and market approaches, and, in situations where the income approach results differ significantly from the market and direct data approaches, management re-evaluates and adjusts, if necessary, its assumptions. Based on the quantitative test, if it is determined that the carrying value of the reporting unit is higher than its fair value, goodwill is impaired and is written down to the fair value amount; however, the loss recognized will not exceed the total amount of goodwill allocated to the reporting unit. See Note 8, " Goodwill and Other Intangible Assets ," for further details regarding the Company's goodwill impairment testing. Indefinite-Lived Intangibles. The Company assesses indefinite-lived intangible assets (primarily trademark/trade names) for impairment on an annual basis (October 1 test date) by reviewing relevant qualitative and quantitative factors. More frequent evaluations may be required if the Company experiences changes in its business climate or as a result of other triggering events that take place. An impairment loss is recognized when the carrying value of the asset exceeds its fair value. In conducting a qualitative assessment, the Company considers relevant events and circumstances to determine whether it is more likely than not that the fair values of the indefinite-lived intangible assets are less than the carrying values. In addition to the events and circumstances that the Company considers above in its qualitative analysis for potential goodwill impairment, the Company also considers legal, regulatory and contractual factors that could affect the fair value or carrying amount of the Company's indefinite-lived intangible assets. The Company also considers its most recent valuations of its indefinite-lived intangible assets, including the difference between the most recent fair value estimates and the carrying amounts. These factors are all considered by management in reaching its conclusion about whether it is more likely than not that the fair values of the indefinite-lived intangible assets are less than the carrying values. If management concludes that further testing is required, the Company performs a quantitative valuation to estimate the fair value of its indefinite-lived intangible assets. In conducting the quantitative impairment analysis, the Company determines the fair value of its indefinite-lived intangible assets using the relief-from-royalty method. The relief-from-royalty method involves the estimation of appropriate market royalty rates for the indefinite-lived intangible assets and the application of these royalty rates to forecasted net sales attributable to the intangible assets. The resulting cash flows are then discounted to present value, using a rate appropriately reflecting the risks inherent in the cash flows, which then is compared to the carrying value of the assets. If the carrying value exceeds fair value, an impairment is recorded. See Note 8, " Goodwill and Other Intangible Assets ," for further details regarding the Company's indefinite-lived intangible asset impairment testing. High Deductible Insurance. The Company generally has high deductible insurance programs for losses and liabilities related to workers' compensation, health and welfare claims and comprehensive general, product and vehicle liability. The Company is generally responsible for up to $0.8 million per occurrence under its retention program for workers' compensation, up to $1.5 million per occurrence under its retention programs for comprehensive general, product and vehicle liability, and has a $0.4 million per occurrence stop-loss limit with respect to its group medical plan. Total insurance limits under these retention programs vary by year for comprehensive general, product and vehicle liability and extend to the applicable statutory limits for workers' compensation. Reserves for claims losses, including an estimate of related litigation defense costs, are recorded based upon the Company's estimates of the aggregate liability for claims incurred using actuarial assumptions about future events. Changes in assumptions for factors such as medical costs and actual experience could cause these estimates to change. Pension Plans. The Company engages independent actuaries to compute the amounts of liabilities and expenses under defined benefit pension plans, subject to the assumptions that the Company determines are appropriate based on historical trends, current market rates and future projections. Assumptions used in the actuarial calculations could have a significant impact on plan obligations, and a lesser impact on current period expense. Annually, the Company reviews the actual experience compared to the significant assumptions used and makes adjustments to the assumptions, if warranted. Discount rates are based on an expected benefit payments duration analysis and the equivalent average yield rate for high-quality fixed-income investments. Pension benefits are funded through deposits with trustees and the expected long-term rate of return on fund assets is based on actual historical returns and a review of other public company pension asset return data, modified for known changes in the market and any expected change in investment policy. See Note 17, “ Employee Benefit Plans ,” for further information. Asbestos-related Matters. The Company accrues loss reserves for asbestos-related matters based upon an estimate of the ultimate liability for claims incurred, whether reported or not, including an estimate of future settlement costs and costs to defend. The Company utilizes known facts and historical trends for Company-specific and general market asbestos-related activity, as well as an actuarial valuation in determining estimated required reserves which it believes are probable and reasonably estimable. Asbestos-related accruals are assessed at each balance sheet date to determine if the liability remains reasonably stated. Accruals for asbestos-related matters are included in the consolidated balance sheet in “Accrued liabilities” and “Other long-term liabilities.” See Note 16, “ Commitments and Contingencies ,” for further information. Revenue Recognition. Revenue is recognized when control of promised goods is transferred to customers, which generally occurs when products are shipped from the Company’s facilities to its customers. The amount of revenue recorded reflects the consideration the Company expects to be entitled to receive in exchange for transferring those goods. Net sales are comprised of gross revenues, based on observed stand-alone selling prices, less estimates of expected returns, trade discounts and customer allowances, which include incentives such as volume and other discounts in connection with various supply programs. Such deductions are estimated and recorded during the period the related revenue is recognized. The Company may adjust these estimates when the expected amount of consideration changes based on sales volumes or other contractual terms. Sales and other consumption taxes the Company collects from customers and remits to government agencies are excluded from revenue. The Company accounts for freight and shipping costs that occur after control of the related goods transfer to the customer as a fulfillment cost within cost of sales. The nature and timing of the Company's revenue transactions are similar, as substantially all revenue is based on point-in-time transactions with customers under industry-standard payment terms. The Company may require shortened payment terms, including cash-in-advance, on an individual customer basis depending on its assessment of the customer's credit worthiness. Cost of Sales. Cost of sales includes material, labor and overhead costs incurred in the manufacture of products sold in the period. Material costs include raw material, purchased components, outside processing and freight costs. Overhead costs consist of variable and fixed manufacturing costs, wages and fringe benefits, and purchasing, receiving and inspection costs. Selling, General and Administrative Expenses. Selling, general and administrative expenses include the following: costs related to the advertising, sale, marketing and distribution of the Company's products, amortization of customer intangible assets, costs of finance, human resources, legal functions, executive management costs and other administrative expenses. Income Taxes. The Company computes income taxes using the asset and liability method, whereby deferred income taxes using current enacted tax rates are provided for the temporary differences between the financial reporting basis and the tax basis of assets and liabilities and for operating loss and tax credit carryforwards. The Company determines valuation allowances based on an assessment of positive and negative evidence on a jurisdiction-by-jurisdiction basis and records a valuation allowance to reduce deferred tax assets to the amount more likely than not to be realized. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest and penalties related to unrecognized tax benefits in income tax expense. See Note 22, " Income Taxes ," for further information. Foreign Currency Translation. The financial statements of subsidiaries located outside of the United States are measured using the currency of the primary economic environment in which they operate as the functional currency. When translating into U.S. dollars, income and expense items are translated at average monthly exchange rates and assets and liabilities are translated at exchange rates in effect at the balance sheet date. Adjustments resulting from translating the functional currency into U.S. dollars are deferred as a component of accumulated other comprehensive income (loss) ("AOCI") in the consolidated statement of shareholders' equity. The impact of net foreign currency transactions was a gain of $0.7 million for the year ended December 31, 2022, a loss of $0.9 million for the year ended December 31, 2021 and a gain of $0.6 million for the year ended 2020, and are included in other expense, net in the accompanying consolidated statement of operations. Derivative Financial Instruments. The Company records derivative financial instruments at fair value on the balance sheet as either assets or liabilities, and changes in their fair values are immediately recognized in earnings if the derivatives do not qualify as effective hedges. If a derivative is designated as a fair value hedge, then changes in the fair value of the derivative are offset against the changes in the fair value of the underlying hedged item. If a derivative is designated as a cash flow hedge, then the effective portion of the changes in the fair value of the derivative is recognized as a component of other comprehensive income until the underlying hedged item is recognized in earnings or the forecasted transaction is no longer probable of occurring. If a derivative is designated as a net investment hedge, then the effective portion of the changes in the fair value of the derivative is recognized in other comprehensive income and will be subsequently reclassified to earnings when the hedged net investment is either sold or substantially liquidated. The Company formally documents hedging relationships for its derivative transactions and the underlying hedged items, as well as its risk management objectives and strategies for undertaking the hedge transactions. See Note 13, " Derivative Instruments ," for further information. Fair Value of Financial Instruments. In accounting for and disclosing the fair value of financial instruments, the Company uses the following hierarchy: • Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date; • Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and • Level 3 inputs are unobservable inputs for the asset or liability. Valuation of the Company's cross-currency swaps are based on the income approach, which uses observable inputs such as interest rate yield curves and forward currency exchange rates, as applicable. The carrying value of financial instruments reported in the balance sheet for current assets and current liabilities approximates fair value due to the short maturity of these instruments. Business Combinations. The Company records assets acquired and liabilities assumed from acquisitions at fair value. The fair value of working capital accounts generally approximates book value. The valuation of inventory, property, plant and equipment, and intangible assets requires significant assumptions. Inventory is recorded at fair value based on the estimated selling price less costs to sell, including completion, disposal and holding period costs with a reasonable profit margin. Property and equipment is recorded at fair value using a combination of both the cost and market approaches for both the real and personal property acquired. Under the cost approach, consideration is given to the amount required to construct or purchase a new asset of equal value at current prices, with adjustments in value for physical deterioration, as well as functional and economic obsolescence. Under the market approach, recent transactions for similar types of assets are used as the basis for estimating fair value. For trademark/trade names and technology and other intangible assets, the estimated fair value is based on projected discounted future net cash flows using the relief-from-royalty method. For customer relationship intangible assets, the estimated fair value is based on projected discounted future cash flows using the excess earnings method. The relief-from-royalty and excess earnings method are both income approaches that utilize key assumptions such as forecasts of revenue and expenses over an extended period of time, royalty rate percentages, tax rates, and estimated costs of debt and equity capital to discount the projected cash flows. Stock-based Compensation. The Company recognizes compensation expense related to equity awards based on their fair values as of the grant date. For awards with only a service condition, expense is recognized ratably over the vesting period. Performance-based equity awards may have targets tied to performance and/or market-based conditions. Market-based conditions are taken into consideration in determining the grant date fair value, and the related compensation expense is recognized regardless of whether the market condition is satisfied, provided the requisite service has been provided. For performance condition components, the Company periodically updates the probability that the performance conditions will be achieved and adjusts expense accordingly, reflecting the change from prior estimate, if any, in current period non-cash stock compensation expense. The disclosed number of awards granted considers only the targeted number of units until such time that the performance condition has been satisfied. If the performance conditions are not achieved, no award is earned. See Note 18, “ Equity Awards ,” for further information. Other Comprehensive Income (Loss). The Company refers to other comprehensive income (loss) as revenues, expenses, gains and losses that under accounting principles generally accepted in the United States of America are included in comprehensive income (loss) but are excluded from net earnings as these amounts are recorded directly as an adjustment to stockholders' equity. Other comprehensive income (loss) is comprised of foreign currency translation adjustments, amortization of prior service costs and unrecognized gains and losses in actuarial assumptions for pension and postretirement plans and changes in unrealized gains and losses on derivative instruments.

Acquisitions Acquisitions (Note

Acquisitions Acquisitions (Notes)	12 Months Ended
	Dec. 31, 2022
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Acquisitions 2022 Acquisitions On February 28, 2022, the Company acquired Intertech Plastics LLC and related companies (collectively, "Intertech") for a purchase price of $64.1 million, net of cash acquired. Intertech is a manufacturer of custom injection molded products used in medical applications, as well as products and assemblies for consumer and industrial applications. The fair value of assets acquired and liabilities assumed included $32.4 million of goodwill, $13.5 million of intangible assets, $12.2 million of property and equipment and $6.0 million of net working capital. Intertech, which is reported in the Company's Packaging segment, has two manufacturing facilities located in the Denver, Colorado, area and historically generated $32 million in annual revenue. 2021 Acquisitions On December 17, 2021, the Company acquired Omega Plastics ("Omega"), which specializes in manufacturing custom components and devices for drug delivery, diagnostic and orthopedic medical applications, as well as components for industrial applications, for an aggregate amount of $22.5 million, net of cash acquired. Omega, which is reported in the Company's Packaging segment, is located in Clinton Township, Michigan, and historically generated $18 million in annual revenue. On December 5, 2021, the Company acquired TFI Aerospace ("TFI"), a manufacturer and supplier of specialty fasteners used in a variety of applications, predominately for the aerospace end market, for an aggregate amount of $11.8 million, with additional contingent consideration ranging from zero to $12.0 million to be paid based future earnings as defined in the purchase agreement. On the acquisition date, the Company recorded $3.7 million as its best estimate of fair value of the additional contingent consideration, with such estimate based on Level 3 inputs under the fair value hierarchy, as defined. TFI, which is reported in the Company's Aerospace segment, is located near Toronto, Canada and historically generated $6 million in annual revenue. Based on a detailed fourth quarter 2022 review of TFI's updated forecasted operating results, the Company determined the likelihood of the contingent consideration being paid was remote, and therefore reversed the liability, with such adjustment being included in other income (expense), net, in the accompanying consolidated statement of operations 2020 Acquisitions On December 15, 2020, the Company acquired Affaba & Ferrari Srl ("Affaba & Ferrari"), which specializes in the design, development and manufacture of precision caps and closures for food & beverage and industrial product applications, for an aggregate amount of $98.4 million, net of cash acquired. The fair value of assets acquired and liabilities assumed included $49.1 million of goodwill, $35.1 million of intangible assets, $9.4 million of net working capital, $17.4 million of property and equipment, and $12.6 million of net deferred tax liabilities. Affaba & Ferrari, which is reported in the Company's Packaging segment, operates out of a highly automated manufacturing facility and support office located in Borgo San Giovanni, Italy and historically generated $34 million in annual revenue. On April 17, 2020, the Company acquired the Rapak® brand, including certain bag-in-box product lines and assets ("Rapak") for an aggregate amount of $11.4 million. Rapak, which is reported in the Company's Packaging segment, has manufacturing locations in Indiana, California and Illinois, and historically generated $30 million in annual revenue. On February 27, 2020, the Company acquired RSA Engineered Products ("RSA"), a manufacturer of complex, highly-engineered and proprietary ducting, connectors and related products for air management systems used in aerospace and defense applications, for an aggregate amount of $83.7 million, net of cash acquired. The fair value of assets acquired and liabilities assumed included $43.3 million of goodwill, $36.9 million of intangible assets, $10.1 million of net working capital, $2.1 million of property and equipment, and $8.7 million of net deferred tax liabilities. RSA, which is reported in the Company's Aerospace segment, is located in Simi Valley, California and historically generated $30 million in annual revenue.

Restructuring and Related Activ

Restructuring and Related Activities	12 Months Ended
	Dec. 31, 2022
Realignment Actions [Abstract]
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	Realignment Actions 2022 Realignment Actions During 2022, the Company incurred realignment charges in its Packaging segment related to adjusting its labor force in facilities with lower demand, finalizing its Indianapolis, Indiana, facility consolidation, costs incurred to reorganize its benefit plans in the United Kingdom, and for costs incurred as part of the Company's start-up and relocation to a new, larger facility in New Albany, Ohio. The Company also completed the Aerospace segment footprint realignment which began in 2021. In connection with these actions, the Company recorded pre-tax realignment charges of $5.0 million, of which $2.7 million related to facility move and consolidation costs and $2.3 million was for employee-related costs. During 2022, $2.8 million of these charges were included in cost of sales, $2.0 million of these charges were included in selling, general and administrative expenses and $0.2 million of these charges were included in net gain (loss) on dispositions of assets in the accompanying consolidated statement of income. 2021 Realignment Actions During 2021, the Company executed certain realignment actions in response to reductions in current and expected future end market demand. First, the Company closed its Packaging segment's Union City, California, manufacturing facility, consolidating the operation into its Indianapolis, Indiana, and Woodridge, Illinois, facilities. The Company also realigned its Aerospace segment footprint, consolidating certain activities previously in its Stanton, California, facilities into its Tolleson, Arizona, facility. In addition, the Company also reorganized its corporate office legal and finance groups. The Company recorded pre-tax realignment charges of $9.7 million, of which $3.5 million related to facility consolidations and $6.2 million were for employee separation costs. As of December 31, 2021, $2.4 million of the employee separation costs had been paid. During 2021, $4.1 million of these charges were included in cost of sales and $5.6 million were included in selling, general and administrative expenses, respectively, in the accompanying consolidated statement of operations.

Revenue Revenue (Notes)

Revenue Revenue (Notes)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	Revenue The following table presents the Company’s disaggregated net sales by primary market served (dollars in thousands): Year ended December 31, Customer End Markets 2022 2021 2020 Consumer Products $ 419,410 $ 424,320 $ 402,080 Aerospace & Defense 188,090 183,340 167,740 Industrial 276,330 249,450 200,150 Total net sales $ 883,830 $ 857,110 $ 769,970

Cash and Cash Equivalents

Cash and Cash Equivalents	12 Months Ended
	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents Disclosure [Text Block]	Cash and Cash Equivalents Cash and cash equivalents consists of the following components (dollars in thousands): December 31, December 31, Cash and cash equivalents - unrestricted $ 112,090 $ 129,790 Cash - restricted (a) — 10,950 Total cash and cash equivalents $ 112,090 $ 140,740 __________________________ (a) Includes cash placed on deposit with a financial institution to be held as cash collateral for the Company's outstanding letters of credit.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill The Company performed a qualitative assessment as part of its 2022, 2021 and 2020 annual impairment tests (October 1 annual test date) for all reporting units, which included a review of the Company’s market capitalization. Based on results of the qualitative assessments for the 2022, 2021 and 2020 annual impairment tests, the Company determined there were no indications that the fair value of a reporting unit was less than its carrying amount; therefore, the Company determined that quantitative goodwill impairment tests were not required. During the third quarter of 2020, as a result of a decline in its aerospace-related business' financial results, a significant reduction in its financial projections for the remainder of 2020 compared with prior projections, and uncertainty around the duration and magnitude of the impact of the COVID-19 pandemic on future financial results given their dependence on future levels of air travel and new aircraft builds, the Company determined there was a triggering event requiring an interim quantitative goodwill impairment assessment of each of its two aerospace-related reporting units: Aerospace Fasteners and Aerospace Engineered Products. Upon completion of the quantitative goodwill impairment tests, the Company determined that the carrying values of the Aerospace Fasteners and Aerospace Engineered Products reporting units exceeded their fair values, resulting in goodwill impairment charges of $70.8 million in its Aerospace Fasteners reporting unit and $56.0 million in its Aerospace Engineered Products reporting unit. Changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2021 are as follows (dollars in thousands): Specialty Packaging Aerospace Products Total Balance, December 31, 2020 $ 234,560 $ 62,850 $ 6,560 $ 303,970 Goodwill from acquisitions 10,550 7,220 — 17,770 Foreign currency translation and other (6,370) 120 — (6,250) Balance, December 31, 2021 $ 238,740 $ 70,190 $ 6,560 $ 315,490 Goodwill from acquisitions 32,370 — — 32,370 Foreign currency translation and other (7,560) (490) — (8,050) Balance, December 31, 2022 $ 263,550 $ 69,700 $ 6,560 $ 339,810 Other Intangible Assets For the purposes of the Company's 2022, 2021 and 2020 annual indefinite-lived intangible asset impairment tests (as of October 1), the Company performed a qualitative assessment to determine whether it was more likely than not that the fair values of the indefinite-lived intangible assets were less than the carrying values. Based on the qualitative assessment performed, the Company did not believe that it is more likely than not that the fair values of each of its indefinite-lived intangible assets were less than the carrying values; therefore, a fair value calculation of the indefinite-lived intangible assets was not required for the 2022, 2021 and 2020 annual indefinite-lived intangible asset impairment tests. During the third quarter of 2020, as a result of the significant forecast reduction in the Company's aerospace-related businesses, the Company also performed an interim quantitative assessment for the indefinite-lived intangible assets The gross carrying amounts and accumulated amortization of the Company's other intangibles as of December 31, 2022 and 2021 are summarized below (dollars in thousands): As of December 31, 2022 As of December 31, 2021 Intangible Category by Useful Life Gross Carrying Accumulated Gross Carrying Accumulated Finite-lived intangible assets: Customer relationships, 5 - 12 years $ 131,660 $ (80,000) $ 124,310 $ (71,150) Customer relationships, 15 - 25 years 129,650 (74,380) 130,190 (68,190) Total customer relationships 261,310 (154,380) 254,500 (139,340) Technology and other, 1 - 15 years 56,860 (38,990) 57,060 (36,140) Technology and other, 17 - 30 years 43,300 (40,330) 43,300 (39,920) Total technology and other 100,160 (79,320) 100,360 (76,060) Indefinite-lived intangible assets: Trademark/Trade names 60,340 — 57,270 — Total other intangible assets $ 421,810 $ (233,700) $ 412,130 $ (215,400) Amortization expense related to intangible assets as included in the accompanying consolidated statement of operations is summarized as follows (dollars in thousands): Year ended December 31, 2022 2021 2020 Technology and other, included in cost of sales $ 3,300 $ 3,820 $ 4,930 Customer relationships, included in selling, general and administrative expenses 15,800 17,740 15,820 Total amortization expense $ 19,100 $ 21,560 $ 20,750 Estimated amortization expense for the next five fiscal years beginning after December 31, 2022 is as follows (dollars in thousands): Year ended December 31, Estimated Amortization Expense 2023 $ 17,990 2024 $ 16,490 2025 $ 16,140 2026 $ 14,420 2027 $ 14,360

Inventories

Inventories	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following components (dollars in thousands): December 31, December 31, Finished goods $ 74,280 $ 74,600 Work in process 38,090 28,790 Raw materials 50,990 49,060 Total inventories $ 163,360 $ 152,450

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net Property and equipment consists of the following components (dollars in thousands): December 31, December 31, Land and land improvements $ 15,220 $ 19,630 Building and building improvements 90,910 93,170 Machinery and equipment 461,480 422,500 567,610 535,300 Less: Accumulated depreciation 289,860 269,670 Property and equipment, net $ 277,750 $ 265,630 Depreciation expense as included in the accompanying consolidated statement of operations is as follows (dollars in thousands): Year ended December 31, 2022 2021 2020 Depreciation expense, included in cost of sales $ 33,130 $ 30,770 $ 27,920 Depreciation expense, included in selling, general and administrative expense 990 1,120 1,100 Total depreciation expense $ 34,120 $ 31,890 $ 29,020

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Dec. 31, 2022
Accrued Liabilities, Current [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities consist of the following components (dollars in thousands): December 31, December 31, Accrued payroll $ 18,050 $ 24,960 High deductible insurance 5,530 5,000 Other 23,080 29,020 Total accrued liabilities $ 46,660 $ 58,980

Long-term Debt

Long-term Debt	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Long-term debt	Long-term Debt The Company's long-term debt consists of the following (dollars in thousands): December 31, December 31, 4.125% Senior Notes due April 2029 $ 400,000 $ 400,000 Debt issuance costs (5,270) (6,180) Long-term debt, net $ 394,730 $ 393,820 Senior Notes due 2029 In March 2021, the Company issued $400.0 million aggregate principal amount of 4.125% senior notes outstanding due April 15, 2029 ("2029 Senior Notes") at par value in a private placement under Rule 144A of the Securities Act of 1933, as amended ("Securities Act"). The Company used the proceeds from the 2029 Senior Notes offering to pay fees and expenses of $5.1 million related to the offering and pay fees and expenses of $1.1 million related to amending its existing credit agreement. In connection with the issuance, the Company completed the redemption of its outstanding 4.875% senior notes due October 15, 2025 ("2025 Senior Notes"), paying $300.0 million to retire the outstanding principal amount plus $7.3 million as a redemption premium. The remaining cash proceeds from the 2029 Senior Notes were used for general corporate purposes, including repaying all outstanding revolving credit facility borrowings. The $5.1 million of fees and expenses related to the 2029 Senior Notes were capitalized as debt issuance costs, while the $7.3 million redemption premium, as well as $3.0 million of unamortized debt issuance costs associated with the 2025 Senior Notes, were included in debt financing and related expenses in the accompanying consolidated statement of operations. The 2029 Senior Notes accrue interest at a rate of 4.125% per annum, payable semi-annually in arrears on April 15 and October 15. The payment of principal and interest is jointly and severally guaranteed, on a senior unsecured basis, by certain subsidiaries of the Company. The 2029 Senior Notes are pari passu in right of payment with all existing and future senior indebtedness and effectively subordinated to all existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness. Prior to April 15, 2024, the Company may redeem up to 40% of the principal amount of the 2029 Senior Notes at a redemption price of 104.125% of the principal amount, plus accrued and unpaid interest, if any, to the redemption date, with the net cash proceeds of one or more equity offerings provided that each such redemption occurs within 90 days of the date of closing of each such equity offering. In addition, prior to April 15, 2024, the Company may redeem all or part of the 2029 Senior Notes at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to the redemption date, plus a "make whole" premium. On or after April 15, 2024, the Company may redeem all or part of the 2029 Senior Notes at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, to the redemption date, if redeemed during the twelve-month period beginning on April 15 of the years indicated below: Year Percentage 2024 102.063 % 2025 101.031 % 2026 and thereafter 100.000 % Senior Notes due 2025 In September 2017, the Company issued $300.0 million aggregate principal amount of its 2025 Senior Notes at par value in a private placement under Rule 144A of the Securities Act. During the second quarter of 2021, and in connection with the issuance of the 2029 Senior Notes, the Company redeemed all of the outstanding 2025 Senior Notes, as permitted under the indenture, at a price of 102.438% of the principal amount. Credit Agreement In March 2021, the Company amended its existing credit agreement ("Credit Agreement") in connection with the issuance of the 2029 Senior Notes to extend the maturity date. The Company incurred fees and expenses of $1.1 million related to the amendment, all of which was capitalized as debt issuance costs. The Company also recorded $0.2 million of non-cash expense related to the write-off of previously capitalized deferred financing fees. The Credit Agreement consists of a $300.0 million senior secured revolving credit facility, which permits borrowings denominated in specific foreign currencies, subject to a $125.0 million sub limit, maturing on March 29, 2026. In November 2021, the Company amended the Credit Agreement to replace LIBOR with a benchmark interest rate determined based on the currency denomination of borrowings. Effective January 1, 2022, the amendment replaced the reference rate terms for U.S. dollar LIBOR borrowings to the Secured Overnight Financing Rate ("SOFR"), British pound sterling LIBOR borrowings to the Sterling Overnight Index Average ("SONIA") and Euro LIBOR borrowings to the Euro Short Term Rate ("ESTR"), all plus a spread of 1.50%. The interest rate spread is based upon the leverage ratio, as defined, as of the most recent determination date. The Credit Agreement also provides incremental revolving credit facility commitments in an amount not to exceed the greater of $200.0 million and an amount such that, after giving effect to such incremental commitments and the incurrence of any other indebtedness substantially simultaneously with the making of such commitments, the senior secured net leverage ratio, as defined, is no greater than 3.00 to 1.00. The terms and conditions of any incremental revolving credit facility commitments must be no more favorable than the existing credit facility. The Company's revolving credit facility allows for the issuance of letters of credit, not to exceed $40.0 million in aggregate. As of December 31, 2021 the Company placed cash on deposit with a financial institution to be held as cash collateral for the Company's outstanding letters of credit; effectively, as of December 31, 2021, the Company had no letters of credit issued against its revolving credit facility. See Note 7, " Cash and Cash Equivalents ," for further information on its cash deposits. At December 31, 2022, the Company had no amounts outstanding under its revolving credit facility and had $293.9 million potentially available after giving effect to $6.1 million of letters of credit issued and outstanding. At December 31, 2021, the Company had no amounts outstanding under its revolving credit facility and had $300.0 million potentially available. The Company's borrowing capacity was not reduced by leverage restrictions contained in the Credit Agreement as of December 31, 2022 and December 31, 2021. The debt under the Credit Agreement is an obligation of the Company and certain of its domestic subsidiaries and is secured by substantially all of the assets of such parties. Borrowings under the $125.0 million (equivalent) foreign currency sub limit of the $300.0 million senior secured revolving credit facility are secured by a cross-guarantee amongst, and a pledge of the assets of, the foreign subsidiary borrowers that are a party to the agreement. The Credit Agreement also contains various negative and affirmative covenants and other requirements affecting the Company and its subsidiaries, including the ability to, subject to certain exceptions and limitations, incur debt, liens, mergers, investments, loans, advances, guarantee obligations, acquisitions, assets dispositions, sale-leaseback transactions, hedging agreements, dividends and other restricted payments, transactions with affiliates, restrictive agreements and amendments to charters, bylaws, and other material documents. The terms of the Credit Agreement also require the Company and its restricted subsidiaries to meet certain restrictive financial covenants and ratios computed quarterly, including a maximum total net leverage ratio (total consolidated indebtedness plus outstanding amounts under any accounts receivable securitization facility, less the aggregate amount of certain unrestricted cash and unrestricted permitted investments, as defined, over consolidated EBITDA, as defined), a maximum senior secured net leverage ratio (total consolidated senior secured indebtedness, less the aggregate amount of certain unrestricted cash and unrestricted permitted investments, as defined, over consolidated EBITDA, as defined) and a minimum interest expense coverage ratio (consolidated EBITDA, as defined, over the sum of consolidated cash interest expense, as defined, and preferred dividends, as defined). At December 31, 2022, the Company was in compliance with the financial covenants contained in the Credit Agreement. Other Revolving Loan Facility In May 2021, the Company, through one of its non-U.S. subsidiaries, entered into a revolving loan facility with a borrowing capacity of $4 million. The facility is guaranteed by TriMas Corporation. There were no borrowings outstanding on this loan facility as of December 31, 2022 or 2021. Long-term Debt Maturities Future maturities of the face value of long-term debt at December 31, 2022 are as follows (dollars in thousands): Year Ending December 31: Future Maturities 2023 $ — 2024 — 2025 — 2026 — 2027 — Thereafter 400,000 Total $ 400,000 Fair Value of Debt The valuations of the Senior Notes and revolving credit facility were determined based on Level 2 inputs under the fair value hierarchy, as defined. The carrying amounts and fair values were as follows (dollars in thousands): December 31, 2022 December 31, 2021 Carrying Amount Fair Value Carrying Amount Fair Value 4.125% Senior Notes due April 2029 $ 400,000 $ 344,000 $ 400,000 $ 399,000 Debt Issuance Costs The Company's unamortized debt issuance costs approximated $5.3 million and $6.2 million at December 31, 2022 and 2021, respectively, and are included as a direct reduction from the related debt liability in the accompanying consolidated balance sheet. These amounts consisted primarily of legal, accounting and other transaction advisory fees as well as facility fees paid to the lenders. Amortization expense for these items was $0.9 million, $1.0 million and $1.2 million in 2022, 2021 and 2020, respectively, and is included in interest expense in the accompanying consolidated statement of operations.

Derivative Instruments

Derivative Instruments	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments Derivatives Designated as Hedging Instruments In July 2022, the Company entered into cross-currency swap agreements to hedge its net investment in Euro-denominated assets against future volatility in the exchange rate between the U.S. dollar and the Euro. By doing so, the Company synthetically converts a portion of its U.S. dollar-based long-term debt into Euro-denominated long-term debt. The agreements have notional amounts totaling $150.0 million, which decline to $75.0 million over contract periods ending on October 15, 2023 and April 15, 2024. Under the terms of the agreements, the Company is to receive net interest payments at fixed rates of approximately 2.4% to 2.6% of the notional amounts. At inception, the cross-currency swaps were designated as net investment hedges. In July 2022, immediately prior to entering into the new cross-currency swap agreements, the Company terminated its existing cross-currency swap agreements, de-designating the swaps as net investment hedges and receiving $26.2 million of cash. The cross-currency swap agreements had notional amounts totaling $250.0 million, which declined to $25.0 million over various contract periods ending between October 15, 2023 and October 15, 2027. Under the terms of the agreements, the Company was to receive net interest payments at fixed rates ranging from approximately 0.8% to 2.9% of the notional amounts. As of December 31, 2022 and 2021, the fair value carrying amount of the Company's derivatives designated as hedging instruments are recorded as follows (dollars in thousands): Asset / (Liability) Derivatives Derivatives designated as hedging instruments Balance Sheet Caption December 31, 2022 December 31, 2021 Net Investment Hedges Cross-currency swaps Other assets $ — $ 7,590 Cross-currency swaps Other long-term liabilities (7,090) — The following table summarizes the income recognized in AOCI on derivative contracts designated as hedging instruments as of December 31, 2022 and 2021, and the amounts reclassified from AOCI into earnings for the years ended December 31, 2022, 2021 and 2020 (dollars in thousands): Amount of Income (Loss) Recognized Location of Loss Reclassified from AOCI into Earnings Amount of Loss Reclassified from As of December 31, Year ended December 31, 2022 2021 2022 2021 2020 Net Investment Hedges Cross-currency swaps $ 15,320 $ 5,910 Other expense, net $ — $ — $ — Over the next 12 months, the Company does not expect to reclassify any pre-tax deferred amounts from AOCI into earnings. Derivatives Not Designated as Hedging Instruments As of December 31, 2022, the Company was party to foreign currency exchange forward contracts to economically hedge changes in foreign currency rates with notional amounts of $127.2 million. The Company uses foreign exchange contracts to mitigate the risk associated with fluctuations in currency rates impacting cash flows related to certain of its receivables, payables and intercompany transactions denominated in foreign currencies. The foreign exchange contracts primarily mitigate currency exposures between the U.S. dollar and the Euro, Canadian dollar, Chinese yuan, and the Mexican peso, as well as between the Euro and British pound, and have various settlement dates through June 2023. These contracts are not designated as hedge instruments; therefore, gains and losses on these contracts are recognized each period directly into the consolidated statement of operations. The following table summarizes the effects of derivatives not designated as hedging instruments on the Company's consolidated statement of operations (dollars in thousands): Amount of Income (Loss) Recognized in Earnings on Derivatives Year ended December 31, Location of Income (Loss) 2022 2021 2020 Derivatives not designated as hedging instruments Foreign exchange contracts Other income (expense), net $ 1,540 $ 7,130 $ (470) Fair Value of Derivatives The fair value of the Company's derivative instruments are estimated using an income approach based on valuation techniques to convert future amounts to a single, discounted amount. Estimates of the fair value of the Company's cross-currency swaps and foreign exchange contracts use observable inputs such as interest rate yield curves and forward currency exchange rates. Fair value measurements and the fair value hierarchy level for the Company's assets and liabilities measured at fair value on a recurring basis as of December 31, 2022 and 2021 are as follows (dollars in thousands): Description Frequency Asset / (Liability) Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2022 Cross-currency swaps Recurring $ (7,090) $ — $ (7,090) $ — Foreign exchange contracts Recurring $ (1,790) $ — $ (1,790) $ — December 31, 2021 Cross-currency swaps Recurring $ 7,590 $ — $ 7,590 $ — Foreign exchange contracts Recurring $ (110) $ — $ (110) $ —

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Lessee, Operating Leases	Leases The Company leases certain equipment and facilities under non-cancelable operating leases. Leases with an initial term of 12 months or less are not recorded on the balance sheet; expense related to these leases is recognized on a straight-line basis over the lease term. The components of lease expense are as follows (dollars in thousands): Year ended December 31, 2022 2021 2020 Operating lease cost $ 10,560 8,510 7,870 Short-term, variable and other lease costs 3,350 2,460 1,540 Total lease cost $ 13,910 $ 10,970 $ 9,410 Maturities of lease liabilities are as follows (dollars in thousands): Year ended December 31, Operating Leases (a) 2023 $ 9,970 2024 9,130 2025 7,830 2026 7,730 2027 6,650 Thereafter 14,220 Total lease payments 55,530 Less: Imputed interest (6,240) Present value of lease liabilities $ 49,290 __________________________ (a) The maturity table excludes cash flows associated with exited lease facilities. Liabilities for exited lease facilities are included in accrued liabilities and other long-term liabilities in the accompanying consolidated balance sheet. The weighted-average remaining term of the Company's operating leases as of December 31, 2022 is 6.7 years. The weighted-average discount rate as of December 31, 2022 is 3.7%. Cash paid for amounts included in the measurement of operating lease liabilities was $9.9 million, $7.9 million and $7.9 million during 2022, 2021 and 2020 respectively, and is included in cash flows provided by operating activities in the consolidated statement of cash flows. Right-of-use assets obtained in exchange for lease liabilities were $5.8 million and $19.6 million during 2022 and 2021, respectively.

Other Long-term Liabilities

Other Long-term Liabilities	12 Months Ended
	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Other Liabilities Disclosure [Text Block]	Other Long-term Liabilities Other long-term liabilities consist of the following components (dollars in thousands): December 31, December 31, Non-current asbestos-related liabilities $ 26,370 $ 25,210 Other long-term liabilities 29,970 33,820 Total other long-term liabilities $ 56,340 $ 59,030

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Environmental The Company is subject to increasingly stringent environmental laws and regulations, including those relating to air emissions, wastewater discharges and chemical and hazardous waste management and disposal. Some of these environmental laws hold owners or operators of land or businesses liable for their own and for previous owners' or operators' releases of hazardous or toxic substances or wastes. Other environmental laws and regulations require the obtainment and compliance with environmental permits. To date, costs of complying with environmental, health and safety requirements have not been material. However, the nature of the Company's operations and the long history of industrial activities at certain of the Company's current or former facilities, as well as those acquired, could potentially result in material environmental liabilities. While the Company must comply with existing and pending climate change legislation, regulation and international treaties or accords, current laws and regulations have not had a material impact on the Company's business, capital expenditures or financial position. Future events, including those relating to climate change or greenhouse gas regulation, could require the Company to incur expenses related to the modification or curtailment of operations, installation of pollution control equipment or investigation and cleanup of contaminated sites. Asbestos As of December 31, 2022, the Company was a party to 426 pending cases involving an aggregate of 4,798 claimants primarily alleging personal injury from exposure to asbestos containing materials formerly used in gaskets (both encapsulated and otherwise) manufactured or distributed by its former Lamons division and certain other related subsidiaries for use primarily in the petrochemical refining and exploration industries. The following chart summarizes the number of claims, number of claims filed, number of claims dismissed, number of claims settled, the average settlement amount per claim and the total defense costs, at the applicable date and for the applicable periods: Claims Claims filed Claims Claims Claims Average Total defense Fiscal year ended December 31, 2022 4,754 236 168 24 4,798 $ 79,869 $ 2,180,000 Fiscal year ended December 31, 2021 4,655 265 134 32 4,754 $ 16,819 $ 1,950,000 Fiscal year ended December 31, 2020 4,759 219 287 36 4,655 $ 18,314 $ 2,130,000 In addition, the Company acquired various companies to distribute its products that had distributed gaskets of other manufacturers prior to acquisition. The Company believes that many of the pending cases relate to locations at which none of its gaskets were distributed or used. The Company may be subjected to significant additional asbestos-related claims in the future, and will aggressively defend or reasonably resolve, as appropriate. The cost of settling cases in which product identification can be made may increase, and the Company may be subjected to further claims in respect of the former activities of its acquired gasket distributors. The cost of claims varies as claims may be initially made in some jurisdictions without specifying the amount sought or by simply stating the requisite or maximum permissible monetary relief, and may be amended to alter the amount sought. The large majority of claims do not specify the amount sought. Of the 4,798 claims pending at December 31, 2022, 45 set forth specific amounts of damages (other than those stating the statutory minimum or maximum). At December 31, 2022, of the 45 claims that set forth specific amounts, there was no claim seeking more than $5 million for punitive damages. Below is a breakdown of the compensatory damages sought for those claims seeking specific amounts: Compensatory Range of damages sought (in millions) $0.0 to $0.6 $0.6 to $5.0 $5.0+ Number of claims — 3 42 Relatively few of the claims have reached the discovery stage and even fewer claims have gone past the discovery stage. Total settlement costs (exclusive of defense costs) for all such cases, some of which were filed over 25 years ago, have been $12.5 million. All relief sought in the asbestos cases is monetary in nature. Based on the settlements made to date and the number of claims dismissed or withdrawn for lack of product identification, the Company believes that the relief sought (when specified) does not bear a reasonable relationship to its potential liability. During the second quarter of 2020, the Company elected to change its method of accounting for asbestos-related defense costs from accruing for probable and reasonably estimable defense costs associated with known claims expected to settle to accrue for all future defense costs for both known and unknown claims, which the Company now believes are reasonably estimable. The Company believes this change is preferable, as asbestos-related defense costs represent expenditures related to legacy activities that do not contribute to current or future revenue generating activities, and recording an estimate of the full liability for asbestos-related costs, where estimable with reasonable precision, provides a more complete assessment of the liability associated with resolving asbestos-related claims. This accounting change was reflected as a change in accounting estimate effected by a change in accounting principle. Following the change in accounting estimate, the Company’s liability for asbestos-related claims will be based on a study from the Company’s third-party actuary, the Company's review of the study, as well as the Company’s own review of asbestos claims and claim resolution activity. After completing its study in the second quarter of 2020, the Company recorded a non-cash, pre-tax charge of $23.4 million. In 2021, the Company commissioned its actuary to update the asbestos study based on data as of September 30, 2021. The Company recorded a non-cash, pre-tax charge of $1.5 million to increase the liability estimate to $28.2 million, at the low-end of the range of the 2021 study. These pre-tax charges for 2020 and 2021 are included in selling, general and administrative expenses in the accompanying consolidated statement of operations. In 2022, the Company commissioned its actuary to update the asbestos study based on data as of September 30, 2022, which yielded a range of possible future liability of $29.6 million to $39.5 million. The Company did not believe any amount within the range of potential outcomes represented a better estimate than another given the many factors and assumptions inherent in the projections, and therefore recorded a non-cash, pre-tax charge of $5.6 million to increase the liability estimate to $29.6 million, at the low-end of the range. This charge is included in selling, general and administrative expenses in the accompanying consolidated statement of operations. As of December 31, 2022, the Company’s total asbestos-related liability is $29.1 million, and is included in accrued liabilities and other long-term liabilities, respectively, in the accompanying consolidated balance sheet. The Company’s primary insurance, which covered approximately 40% of historical costs related to settlement and defense of asbestos litigation, expired in November 2018, upon which the Company became solely responsible for defense costs and indemnity payments. The Company is party to a coverage-in-place agreement (entered into in 2006) with its first level excess carriers regarding the coverage to be provided to the Company for asbestos-related claims. The coverage-in-place agreement makes asbestos defense costs and indemnity insurance coverage available to the Company that might otherwise be disputed by the carriers and provides a methodology for the administration of such expenses. The Company will continue to be solely responsible for defense costs and indemnity payments prior to the commencement of coverage under this agreement, the duration of which would be subject to the scope of damage awards and settlements paid. Based upon the Company’s review of the actuarial study, the Company does not believe it is probable that it will reach the threshold of qualified future settlements required to commence excess carrier insurance coverage under the coverage-in-place agreement. Based upon the Company's experience to date, including the trend in annual defense and settlement costs incurred to date, and other available information (including the availability of excess insurance), the Company does not believe these cases will have a material adverse effect on its financial position, results of operations, or cash flows. Claims and Litigation The Company is subject to other claims and litigation in the ordinary course of business, but does not believe that any such claim or litigation will have a material adverse effect on its financial position and results of operations or cash flows.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans Pension and Profit-Sharing Benefits The Company provides a defined contribution profit sharing plan for the benefit of substantially all the Company's domestic salaried and non-union hourly employees. The plan contains both contributory and noncontributory profit sharing arrangements, as defined. Aggregate charges included in the accompanying consolidated statement of operations under this plan were $3.7 million in 2022 and $3.4 million in each of 2021 and 2020, respectively. Certain of the Company's non-U.S. and union hourly employees participate in defined benefit pension plans. Plan Assets, Expenses and Obligations Net periodic pension benefit expense recorded in the Company's consolidated statement of operations for defined benefit pension plans include the following components (dollars in thousands): Pension Benefit 2022 2021 2020 Service cost $ 690 $ 1,280 $ 1,230 Interest cost 890 800 930 Expected return on plan assets (1,590) (1,530) (1,450) Settlements and curtailments 150 — — Amortization of net loss 570 910 890 Net periodic benefit expense $ 710 $ 1,460 $ 1,600 The service cost component of net periodic benefit expense is recorded in cost of goods sold and selling, general and administrative expenses, while non-service cost components are recorded in other income (expense), net in the accompanying consolidated statement of operations. During the 2022, the Company recorded a non-cash curtailment expense of $0.2 million, as it transitioned certain active employees previously participating in a defined benefit plan in the United Kingdom to a defined contribution plan, thereby eliminating future service cost accruals for all employees under this defined benefit plan. Actuarial valuations of the Company's defined benefit pension plans were prepared as of December 31, 2022, 2021 and 2020. Weighted average assumptions used in accounting for the U.S. defined benefit pension plans are as follows: Pension Benefit 2022 2021 2020 Discount rate for obligations 5.24 % 3.06 % 2.79 % Discount rate for benefit costs 3.06 % 2.79 % 3.41 % Rate of increase in compensation levels N/A N/A N/A Expected long-term rate of return on plan assets 6.13 % 6.13 % 6.13 % The Company utilizes a high-quality (Aa or greater) corporate bond yield curve as the basis for its domestic discount rate for its pension benefit plans. Management believes this yield curve removes the impact of including additional required corporate bond yields (potentially considered in the above-median curve) resulting from the uncertain economic climate that does not necessarily reflect the general trend in high-quality interest rates. Weighted average assumptions used in accounting for the non-U.S. defined benefit pension plans are as follows: Pension Benefit 2022 2021 2020 Discount rate for obligations 4.90 % 2.10 % 1.50 % Discount rate for benefit costs 2.10 % 1.50 % 2.10 % Rate of increase in compensation levels 4.80 % 3.30 % 2.80 % Expected long-term rate of return on plan assets 4.20 % 3.90 % 4.10 % The following provides a reconciliation of the changes in the Company's defined benefit pension plans' projected benefit obligations and fair value of assets for each of the years ended December 31, 2022 and 2021 and the funded status as of December 31, 2022 and 2021 (dollars in thousands): Pension Benefit 2022 2021 Changes in Projected Benefit Obligations Benefit obligations at January 1 $ (37,560) $ (40,830) Service cost (690) (1,280) Interest cost (890) (800) Participant contributions (10) (50) Actuarial gain (a) 10,260 3,290 Benefit payments 1,310 1,840 Change in foreign currency 2,020 270 Projected benefit obligations at December 31 $ (25,560) $ (37,560) Changes in Plan Assets Fair value of plan assets at January 1 $ 38,130 $ 36,060 Actual return on plan assets (10,070) 2,060 Employer contributions 1,520 2,050 Participant contributions 10 50 Benefit payments (1,310) (1,840) Change in foreign currency (2,810) (250) Fair value of plan assets at December 31 $ 25,470 $ 38,130 Funded status at December 31 $ (90) $ 570 __________________________ (a) The actuarial gain for the year ended December 31, 2022 was primarily due to an increase in the discount rate utilized in measuring the projected benefit obligations, partially offset by experience losses. The actuarial gain for the year ended December 31, 2021 was primarily due to an increase in the discount rate utilized in measuring the projected benefit obligations as well as other assumptions and experience gains. Pension Benefit 2022 2021 Amounts Recognized in Balance Sheet Other assets $ 4,860 $ 7,740 Current liabilities (310) (300) Noncurrent liabilities (4,640) (6,870) Net asset (liability) recognized at December 31 $ (90) $ 570 Pension Benefit 2022 2021 Amounts Recognized in Accumulated Other Comprehensive Loss Unrecognized prior service cost $ 160 $ 310 Unrecognized net loss 7,370 6,550 Total accumulated other comprehensive loss recognized at December 31 $ 7,530 $ 6,860 Accumulated Benefit Obligations Projected Benefit Obligations 2022 2021 2022 2021 Benefit Obligations at December 31, Total benefit obligations $ (25,400) $ (35,970) $ (25,560) $ (37,560) Plans with benefit obligations exceeding plan assets Benefit obligations $ (13,000) $ (16,630) $ (13,170) $ (16,780) Plan assets $ 8,220 $ 9,610 $ 8,220 $ 9,610 The assumptions regarding discount rates and expected return on plan assets can have a significant impact on amounts reported for benefit plans. A 25 basis point change in benefit obligation discount rates or 50 basis point change in expected return on plan assets would have the following effect (dollars in thousands): Pension Benefit December 31, 2022 2022 Expense Discount rate 25 basis point increase $ (810) $ (60) 25 basis point decrease $ 860 $ 60 Expected return on assets 50 basis point increase N/A $ (160) 50 basis point decrease N/A $ 160 The Company expects to make contributions of $1.2 million to fund its pension plans during 2023. Plan Assets The Company's overall investment goal is to provide for capital growth with a moderate level of volatility by investing assets in targeted allocation ranges. Specific long term investment goals include total investment return, diversity to reduce volatility and risk, and to achieve an asset allocation profile that reflects the general nature and sensitivity of the plans' liabilities. Investment goals are established after a comprehensive review of current and projected financial statement requirements, plan assets and liability structure, market returns and risks as well as special requirements of the plans. The Company reviews investment goals and actual results annually to determine whether stated objectives are still relevant and the continued feasibility of achieving the objectives. The actual weighted average asset allocation of the Company's domestic and foreign pension plans' assets at December 31, 2022 and 2021 and target allocations by class, were as follows: Domestic Pension Foreign Pension Actual Actual Target 2022 2021 Target 2022 2021 Equity securities 60 % 60 % 62 % 12 % 14 % 34 % Fixed income 36 % 37 % 37 % 70 % 66 % 44 % Diversified growth (a) — % — % — % 18 % 19 % 22 % Cash and other 4 % 3 % 1 % — 1 % — % Total 100 % 100 % 100 % 100 % 100 % 100 % ________________________________________ (a) Diversified growth funds invest in a broad range of asset classes including equities, investment grade and high yield bonds, commodities, property, private equity, infrastructure and currencies. Actual allocations to each asset vary from target allocations due to periodic investment strategy changes, market value fluctuations and the timing of benefit payments and contributions. The expected long-term rate of return for both the domestic and foreign plans' total assets is based on the expected return of each of the above categories, weighted based on the target allocation for each class. Actual allocation is reviewed regularly and investments are rebalanced to their targeted allocation range when deemed appropriate. In managing the plan assets, the Company reviews and manages risk associated with the funded status risk, interest rate risk, market risk, liquidity risk and operational risk. Investment policies reflect the unique circumstances of the respective plans and include requirements designed to mitigate these risks by including quality and diversification standards. The following table summarizes the level under the fair value hierarchy (see Note 3, " Summary of Significant Accounting Policies ") that the Company's pension plan assets are measured, on a recurring basis as of December 31, 2022 (dollars in thousands): Total Level 1 Level 2 Level 3 Plan assets subject to leveling Investment funds Equity securities $ 4,870 $ 4,870 $ — $ — Fixed income 3,030 3,030 — — Cash and cash equivalents 160 160 — — Plan assets measured at net asset value (a) Investment funds Equity securities 2,350 Fixed income 11,410 Diversified growth 3,330 Cash and cash equivalents 320 Total $ 25,470 $ 8,060 $ — $ — ________________________________________ (a) Certain investments that are measured at fair value using the net asset value per share as a practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amount presented in the fair value of plan assets. The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid during the following years (dollars in thousands): Pension 2023 $ 1,220 2024 1,240 2025 1,310 2026 1,340 2027 1,420 Years 2028-2032 8,410

Equity Awards

Equity Awards	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Equity Awards	Equity Awards The Company maintains the following long-term equity incentive plans (collectively, the "Plans"): Plan Names Shares Approved for Issuance TriMas Corporation 2017 Equity and Incentive Compensation Plan 2,000,000 TriMas Corporation Director Retainer Share Election Program 100,000 The Company awarded the following restricted stock units ("RSUs") during 2022, 2021, and 2020: • granted 209,617, 131,198, and 190,650, RSUs, respectively, to certain employees, which are subject only to a service condition and vest ratably over three years so long as the employee remains with the Company; • granted 22,554, 21,112 and 30,590 RSUs, respectively, to its non-employee independent directors, which vest one year from date of grant so long as the director and/or Company does not terminate their service prior to the vesting date; and • issued 337, 1,792 and 3,673 RSUs, respectively, related to director fee deferrals as certain of the Company's directors elected to defer all or a portion of their directors fees and to receive the amount in Company common stock at a future date. The Company awarded the following RSUs during 2022 and 2021: • issued 260 and 49 RSUs, respectively, to certain employees related to dividend equivalent rights on existing equity awards. The Company awarded the following RSUs during 2020: • granted 31,816 RSUs to certain employees, which are subject only to a service condition and fully vest at the end of three years so long as the employee remains with the Company; and • granted 2,558 RSUs to certain employees, which are subject only to a service condition and vest one year from the date of grant so long as the employee remains with the Company. During 2022, the Company awarded 85,156 performance-based RSUs to certain key employees which vest three years from the grant date as long as the employee remains with the Company. These awards are earned 50% based upon the Company's achievement of an earnings per share compound annual growth rate ("EPS CAGR") metric over a period beginning January 1, 2022 and ending December 31, 2024. The remaining 50% of the awards are earned based on the Company's total shareholder return ("TSR") relative to the TSR of the common stock of a pre-defined industry peer-group, measured over the performance period. TSR is calculated as the Company's average closing stock price for the 20 trading days at the end of the performance period plus Company dividends, divided by the Company's average closing stock price for the 20 trading days prior to the start of the performance period. The Company estimates the grant-date fair value subject to a market condition using a Monte Carlo simulation model, using the following weighted average assumptions: risk-free rate of 1.88% and annualized volatility of 36.5%. Depending on the performance achieved for these two metrics, the amount of shares earned, if any, can vary for each metric from 0% of the target award to a maximum of 200% of the target award. The Company awarded 72,962 and 113,146 of similar performance-based RSUs in 2021 and 2020, respectively. For similar performance-based RSUs awarded in 2019, the Company attained 65.4% of the target on a weighted average basis, resulting in a decrease of 24,975 shares during 2022. During 2020, the Company awarded 87,034 performance-based RSUs to certain key divisional employees which vest three years from the grant date as long as the employee remains with the Company. These awards are earned based upon the Company's stock price performance over the period from January 1, 2020 and ending December 31, 2022. The stock price achievement is calculated based on the Company's average closing stock price for each quarter end for the 20 trading days up to and including March 31, June 30, September 30, and December 31, 2022, respectively. The Company estimates the grant-date fair value subject to a market condition using a Monte Carlo simulation model, using the following weighted average assumptions: risk free rate of 0.85% and annualized volatility of 25.2%. Depending on the performance achieved for this metric, the amount of shares earned, if any, can vary from 0% of the target award to a maximum of 160% of the target award, although it automatically is earned at the target award level if the Company's stock price is equal to or greater than a specified stock price for either five consecutive trading days or 20 total trading days during the performance period. Information related to restricted shares as of and for the year ended December 31, 2022 is as follows: Number of Weighted Average Aggregate Outstanding at January 1, 2022 673,732 $ 27.38 Granted 317,924 32.87 Vested (231,170) 30.34 Cancelled (41,037) 35.25 Outstanding at December 31, 2022 719,449 $ 28.40 0.9 $ 19,957,515 As of December 31, 2022, there was $6.2 million of unrecognized compensation cost related to unvested restricted shares that is expected to be recorded over a weighted average period of 1.6 years. The Company recognized stock-based compensation expense related to restricted shares of $9.8 million, $9.5 million and $8.2 million in 2022, 2021 and 2020, respectively. The stock-based compensation expense is included in selling, general and administrative expenses in the accompanying statement of operations.

Earnings per Share Earnings per

Earnings per Share Earnings per Share (Notes)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Earnings per Share Net income is divided by the weighted average number of common shares outstanding during the year to calculate basic earnings per share. For the year ended December 31, 2020, no restricted shares or stock options were included in the computation of net income (loss) per share because to do so would be anti-dilutive. The following table summarizes the dilutive effect of RSUs and options to purchase common stock: Year ended December 31, 2022 2021 2020 Weighted average common shares—basic 42,249,244 43,006,922 43,581,232 Dilutive effect of restricted stock units 228,771 261,858 — Dilutive effect of stock options — 12,296 — Weighted average common shares—diluted 42,478,015 43,281,076 43,581,232 In March 2020, the Company announced its Board of Directors had authorized the Company to increase the purchase of its common stock up to $250 million in the aggregate. The initial authorization, approved in November 2015, authorized up to $50 million of purchases in the aggregate of its common stock. During 2022, 2021 and 2020, the Company purchased 1,264,088, 596,084 and 1,582,049 shares of its outstanding common stock for $36.9 million, $19.1 million and $39.4 million, respectively. As of December 31, 2022, the Company has $105.7 million remaining under the repurchase authorization.

Other Comprehensive Income (Not

Other Comprehensive Income (Notes)	12 Months Ended
	Dec. 31, 2022
Other Comprehensive Income [Abstract]
Other Comprehensive Income	Other Comprehensive Income Changes in AOCI by component for the year ended December 31, 2022 are summarized as follows, net of tax (dollars in thousands): Defined Benefit Plans Derivative Instruments Foreign Currency Translation Total Balance, December 31, 2021 $ (4,830) $ 5,910 $ (850) $ 230 Net unrealized gains (losses) arising during the period (a) (1,070) 9,410 (17,710) (9,370) Less: Net realized losses reclassified to net income (b) (520) — — (520) Net current-period other comprehensive income (loss) (550) 9,410 (17,710) (8,850) Balance, December 31, 2022 $ (5,380) $ 15,320 $ (18,560) $ (8,620) __________________________ (a) Defined benefit plans, net of income tax of $0.3 million. See Note 17, " Employee Benefit Plans ," for additional details. Derivative instruments, net of income tax of $3.2 million. See Note 13, " Derivative Instruments ," for further details. (b) Defined benefit plans, net of income tax of $0.2 million. See Note 17, " Employee Benefit Plans ," for additional details. Changes in AOCI by component for the year ended December 31, 2021 are summarized as follows, net of tax (dollars in thousands): Defined Benefit Plans Derivative Instruments Foreign Currency Translation Total Balance, December 31, 2020 $ (8,620) $ (3,580) $ 6,580 $ (5,620) Net unrealized gains (losses) arising during the period (a) 3,150 9,490 (7,430) 5,210 Less: Net realized losses reclassified to net income (b) (640) — — (640) Net current-period other comprehensive income (loss) 3,790 9,490 (7,430) 5,850 Balance, December 31, 2021 $ (4,830) $ 5,910 $ (850) $ 230 __________________________ (a) Defined benefit plans, net of income tax of $0.8 million. See Note 17, " Employee Benefit Plans ," for additional details. Derivative instruments, net of income tax expense of $3.1 million. See Note 13, " Derivative Instruments ," for further details. (b) Defined benefit plans, net of income tax of $0.2 million. See Note 17, "Employee Benefit Plans,"

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information TriMas reports its operations in three segments: Packaging, Aerospace and Specialty Products. Each of these segments has discrete financial information that is regularly evaluated by TriMas’ president and chief executive officer (chief operating decision maker) in determining resource, personnel and capital allocation, as well as assessing strategy and performance. The Company utilizes its proprietary TriMas Business Model as its platform which is based upon a standardized set of processes to manage and drive results and strategy across its multi-industry businesses. Within each of the Company's reportable segments, there are no individual products or product families for which reported net sales accounted for more than 10% of the Company's consolidated net sales. See below for more information regarding the types of products and services provided within each reportable segment: Packaging – TriMas' Packaging segment consists primarily of the Rieke ® brand, as well as more recently acquired brands which include the Affaba & Ferrari ™ , Taplast ™ , Rapak ® , Plastic Srl, Intertech and Omega brands. TriMas Packaging develops and manufactures a broad array of dispensing products (such as foaming pumps, lotion and hand soaps and sanitizer pumps, beverage dispensers, perfume sprayers, nasal sprayers and trigger sprayers), polymeric and steel caps and closures (such as food lids, flip-top closures, child resistance caps, beverage closures, drum and pail closures, and flexible spouts), polymeric jar products, fully integrated dispensers for fill-ready bag-in-box applications, and consumable vascular delivery and diagnostic test components, all for a variety of consumer products submarkets including, but not limited to, beauty and personal care, food and beverage, home care, and life sciences, including, but not limited to, pharmaceutical, nutraceutical and medical, as well as industrial markets (including agricultural). Aerospace – TriMas' Aerospace segment, which includes the Monogram Aerospace Fasteners ™ , Allfast Fastening Systems ® , Mac Fasteners ™ , TFI Aerospace, RSA Engineered Products and Martinic Engineering brands, develops, qualifies and manufactures highly-engineered, precision fasteners, tubular products and assemblies for fluid conveyance, and machined products and assemblies to serve the aerospace and defense market. Specialty Products – TriMas' Specialty Products segment, which includes the Norris Cylinder ™ and Arrow ® Engine brands, designs, manufactures and distributes highly-engineered steel cylinders, wellhead engines and compression systems for use within industrial markets. Segment activity is as follows (dollars in thousands): Year ended December 31, 2022 2021 2020 Net Sales Packaging $ 522,180 $ 533,260 $ 488,340 Aerospace 188,090 183,340 167,740 Specialty Products 173,560 140,510 113,890 Total $ 883,830 $ 857,110 $ 769,970 Operating Profit (Loss) Packaging $ 81,000 $ 96,490 $ 93,990 Aerospace (a) 8,060 13,270 (133,440) Specialty Products 30,250 22,550 4,350 Corporate (b) (20,250) (37,220) (53,190) Total $ 99,060 $ 95,090 $ (88,290) Capital Expenditures Packaging $ 33,170 $ 34,080 $ 30,730 Aerospace 6,900 5,390 5,770 Specialty Products 5,860 5,500 3,890 Corporate 30 90 90 Total $ 45,960 $ 45,060 $ 40,480 Depreciation and Amortization Packaging $ 29,340 $ 30,500 $ 27,600 Aerospace 19,620 18,700 18,130 Specialty Products 4,130 4,120 3,910 Corporate 130 130 130 Total $ 53,220 $ 53,450 $ 49,770 Total Assets Packaging $ 776,550 $ 739,920 $ 721,440 Aerospace 347,720 353,800 348,190 Specialty Products 86,290 73,260 65,520 Corporate 94,440 136,660 58,730 Total $ 1,305,000 $ 1,303,640 $ 1,193,880 __________________________ (a) In 2022, the Company completed the sale of vacant land adjacent to the Company's Tolleson, Arizona, manufacturing facility for net proceeds of $5.0 million, and recognized a $4.8 million gain on the sale, which is included within the Aerospace segment. (b) In 2022, the Company sold a non-core facility in City of Industry, California, for net proceeds of $23.3 million, and recognized a $17.6 million gain on the sale, which is included in Corporate operating loss for 2022 and included within net gain (loss) on disposition of assets in the accompanying consolidated statement of operations. The following table presents the Company's net sales for each of the years ended December 31 and long-lived assets at each year ended December 31, attributed to each subsidiary's continent of domicile (dollars in thousands). As of December 31, 2022 2021 2020 Net Long-lived Assets Net Long-lived Assets Net Long-lived Assets Non-U.S. Europe $ 139,780 $ 192,600 $ 160,650 $ 209,380 $ 116,350 $ 225,120 Asia Pacific 35,260 29,720 41,310 37,080 46,350 41,140 Other Americas 18,040 41,840 15,290 42,000 11,740 19,510 Total non-U.S. 193,080 264,160 217,250 288,460 174,440 285,770 Total U.S. 690,750 541,510 639,860 489,390 595,530 477,460 Total $ 883,830 $ 805,670 $ 857,110 $ 777,850 $ 769,970 $ 763,230 The Company's export sales from the U.S. approximated $74.5 million, $80.6 million and $70.0 million in 2022, 2021 and 2020, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Tax Disclosure	The Company's income (loss) before income taxes and income tax expense (benefit), each by tax jurisdiction, consists of the following (dollars in thousands): Year ended December 31, 2022 2021 2020 Income (loss) before income taxes: Domestic $ 56,750 $ 28,380 $ (134,630) Foreign 30,920 40,730 31,920 Total income (loss) before income taxes $ 87,670 $ 69,110 $ (102,710) Current income tax expense: Federal $ 13,300 $ 940 $ 200 State and local 3,470 530 810 Foreign 6,170 8,840 7,750 Total current income tax expense 22,940 10,310 8,760 Deferred income tax expense (benefit): Federal (1,780) 5,450 (16,900) State and local 50 670 (4,430) Foreign 290 (4,630) (10,380) Total deferred income tax expense (benefit) (1,440) 1,490 (31,710) Income tax expense (benefit) $ 21,500 $ 11,800 $ (22,950) The components of deferred taxes are as follows (dollars in thousands): December 31, 2022 December 31, 2021 Deferred tax assets: Accounts receivable $ 1,290 $ 950 Inventories 5,640 5,330 Accrued liabilities and other long-term liabilities 14,580 15,320 Operating lease liability 12,670 13,440 Research and experimentation costs (a) 4,130 — Tax loss and credit carryforwards 27,310 30,690 Other 110 340 Gross deferred tax asset 65,730 66,070 Valuation allowances (17,180) (19,960) Net deferred tax asset 48,550 46,110 Deferred tax liabilities: Property and equipment (25,100) (23,920) Right of use asset (12,170) (13,130) Goodwill and other intangible assets (22,050) (20,160) Investment in foreign affiliates, including withholding tax (770) (420) Gross deferred tax liability (60,090) (57,630) Net deferred tax liability $ (11,540) $ (11,520) __________________________ (a) Effective for tax years beginning after December 31, 2021, research and experimentation expenditures are to be capitalized and amortized for tax-purposes as part of the Tax Cuts and Jobs Act of 2017. The following is a reconciliation of income tax expense (benefit) computed at the U.S. federal statutory rate to income tax expense (benefit) allocated to income (loss) before income taxes (dollars in thousands): Year ended December 31, 2022 2021 2020 U.S. federal statutory rate 21 % 21 % 21 % Tax at U.S. federal statutory rate $ 18,380 $ 14,550 $ (21,570) State and local taxes, net of federal tax benefit 2,790 960 (2,850) Differences in statutory foreign tax rates 1,150 (1,690) (1,500) Change in recognized tax benefits (600) (550) (920) Goodwill and other intangible assets impairment — — 13,430 Tax credits and incentives (1,260) (5,060) (2,130) Net change in valuation allowance 340 2,100 (6,390) Nondeductible compensation 990 2,280 260 Other, net $ (290) $ (790) $ (1,280) Income tax expense (benefit) $ 21,500 $ 11,800 $ (22,950) During 2020, the Company undertook certain tax-planning actions with respect to intercompany debt restructuring within the group. These actions resulted in the recognition of a $6.4 million deferred tax benefit related to an interest limitation carryforward. The Company has recorded deferred tax assets on $21.3 million of various state operating loss carryforwards and $54.3 million of various foreign operating loss carryforwards. The majority of the state tax loss carryforwards expire between 2026 and 2032 and the majority of the foreign losses have indefinite carryforward periods. The Company has not made a provision for U.S. or additional foreign withholding taxes related to investments in foreign subsidiaries that are indefinitely reinvested since any excess of the amount for financial reporting over the tax basis in these investments is not significant as of December 31, 2022. Unrecognized Tax Benefits The Company had $1.1 million and $1.3 million of unrecognized tax benefits ("UTBs") as of December 31, 2022 and 2021, respectively. If the UTBs were recognized, the impact to the Company's effective tax rate would be to reduce reported income tax expense for the years ended December 31, 2022 and 2021 by $1.1 million and $1.1 million, respectively. A reconciliation of the change in the UTBs for the years ended December 31, 2022 and 2021 is as follows (dollars in thousands): Unrecognized Balance at December 31, 2020 $ 1,640 Tax positions related to current year: Additions 130 Tax positions related to prior years: Additions 20 Reductions — Settlements — Lapses in the statutes of limitations (540) Balance at December 31, 2021 $ 1,250 Tax positions related to current year: Additions 140 Tax positions related to prior years: Additions — Reductions (50) Settlements — Lapses in the statutes of limitations (230) Balance at December 31, 2022 $ 1,110 In addition to the UTBs summarized above, the Company has recorded $0.8 million and $0.8 million in potential interest and penalties associated with uncertain tax positions as of December 31, 2022 and 2021, respectively. The Company is subject to U.S. federal, state and local, and certain non-U.S. income tax examinations for tax years 2015 through 2022. In addition, there are currently several state and foreign income tax examinations in process. The Company does not believe that the results of these examinations will have a significant impact on the Company's tax position or its effective tax rate.

Subsequent Events Subsequent Ev

Subsequent Events Subsequent Events (Notes)	12 Months Ended
	Dec. 31, 2022
Subsequent Event [Line Items]
Subsequent Events [Text Block]	Subsequent Events On February 1, 2023, the Company acquired Aarts Packaging B.V. ("Aarts") for a purchase price of approximately €35 million, subject to customary closing conditions. Aarts is a luxury packaging solutions provider for beauty and lifestyle brands, as well as for customers in the food and life sciences end markets, and has annual net sales of approximately €23 million. Aarts will become part of the Packaging reportable segment. On February 16, 2023, the Company announced that its Board of Directors had declared a cash dividend of $0.04 per share of TriMas Corporation common stock, which will be payable on March 9, 2023 to shareholders of record as of the close of business on March 2, 2023. On February 23, 2023, the Company announced it has signed an agreement to acquire the operating net assets of Weldmac Manufacturing Company (“Weldmac”), a leading designer and manufacturer of high-performance, complex metal fabricated components and assemblies for the aerospace, defense and space launch end markets with annual net sales of approximately $33 million. Weldmac will become part of the Aerospace reportable segment upon closing, which the Company expects to be during second quarter 2022.

SEC Schedule, Article 12-09, Va

SEC Schedule, Article 12-09, Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure	SCHEDULE II PURSUANT TO ITEM 15(a)(2) OF FORM 10-K VALUATION AND QUALIFYING ACCOUNTS FOR THE YEARS ENDED December 31, 2022, 2021 AND 2020 ADDITIONS DESCRIPTION BALANCE CHARGED CHARGED DEDUCTIONS (A) BALANCE Allowance for doubtful accounts deducted from accounts receivable in the balance sheet Year ended December 31, 2022 $ 1,570,000 $ 1,480,000 $ 80,000 $ 1,400,000 $ 1,730,000 Year ended December 31, 2021 $ 2,120,000 $ 830,000 $ 190,000 $ 1,570,000 $ 1,570,000 Year ended December 31, 2020 $ 2,060,000 $ 2,080,000 $ 100,000 $ 2,120,000 $ 2,120,000 ________________________________________ (A) Deductions, representing uncollectible accounts written-off, less recoveries of amounts reserved in prior years.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation.    The accompanying consolidated financial statements include the accounts and transactions of TriMas and its subsidiaries. Intercompany transactions have been eliminated.
Use of Estimates	Use of Estimates.    The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management of the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements. Such estimates and assumptions also affect the reported amounts of revenues and expenses during the reporting periods. Significant items subject to such estimates and assumptions include the carrying amount of property and equipment, goodwill and other intangibles, valuation allowances for receivables, inventories and deferred income tax assets, valuation of derivatives, estimated fair value of contingent consideration resulting from business combinations, estimated future unrecoverable lease costs, reserves for asbestos and ordinary course litigation, assets and obligations related to employee benefits and estimated unrecognized tax benefits. Actual results may differ from such estimates and assumptions.
Cash and Cash Equivalents	Cash and Cash Equivalents. The Company considers cash on hand and on deposit and investments in all highly liquid debt instruments with initial maturities of three months or less to be cash and cash equivalents. Cash and cash equivalents also includes restricted cash, if any, held on deposit with a financial institution as cash collateral for the Company's outstanding letters of credit. See Note 7, " Cash and Cash Equivalents
Receivables	Receivables.    Receivables are presented net of allowances for doubtful accounts of $1.7 million and $1.6 million at December 31, 2022 and 2021, respectively. The Company monitors its exposure for credit losses and maintains allowances for doubtful accounts based upon the Company's best estimate of probable losses inherent in the accounts receivable balances. The Company does not believe that significant credit risk exists due to its diverse customer base.
Inventories	Inventories.    Inventories are stated at the lower of cost or net realizable value, with cost determined using the first-in, first-out method. Direct materials, direct labor and allocations of variable and fixed manufacturing-related overhead are included in inventory cost.
Property and Equipment	Property and Equipment. Property and equipment additions, including significant improvements, are recorded at cost. Upon retirement or disposal of property and equipment, the cost and accumulated depreciation are removed from the accounts, and any gain or loss is included in the accompanying statement of operations. Repair and maintenance costs are charged to expense as incurred.
Depreciation and Amortization and Impairment of Long-Lived Assets and Definted-Lived Intangible Assets	Depreciation and Amortization. Depreciation is computed principally using the straight-line method over the estimated useful lives of the assets. Annual depreciation rates are as follows: building and land/building improvements three three five one Impairment of Long-Lived Assets and Definite-Lived Intangible Assets. The Company reviews, on at least a quarterly basis, the financial performance of its businesses for indicators of impairment. In reviewing for impairment indicators, the Company also considers events or changes in circumstances such as business prospects, customer retention, market trends, potential product obsolescence, competitive activities and other economic factors. An impairment loss is recognized when the carrying value of an asset group exceeds the future net undiscounted cash flows expected to be generated by that asset group. The impairment loss recognized is the amount by which the carrying value of the asset group exceeds its fair value.
Goodwill and Indefinite-Lived Intangibles	Goodwill. The Company assesses goodwill for impairment on an annual basis (October 1 test date) by reviewing relevant qualitative and quantitative factors. More frequent evaluations may be required if the Company experiences changes in its business climate or as a result of other triggering events that take place. An impairment loss is recognized when the carrying value of a reporting unit's goodwill exceeds its fair value. The Company determines its reporting units at the individual operating segment level, or one level below, when there is discrete financial information available that is regularly reviewed by segment management to evaluate operating results. For purposes of the Company's 2022 goodwill impairment test, the Company had six reporting units, four of which had goodwill, within its three reportable segments. The Company begins its goodwill reviews by conducting a qualitative assessment, considering relevant events and circumstances that affect the fair value or carrying amount of a reporting unit. Such events and circumstances can include macroeconomic conditions, industry and market considerations, overall financial performance, entity and reporting unit specific events, and capital markets pricing. The Company considers the extent to which any identified adverse events and circumstances affect the comparison of a reporting unit's fair value with its carrying amount. The Company places more weight on the events and circumstances that most affect a reporting unit's fair value or the carrying amount of its net assets. The Company considers positive and mitigating events and circumstances that may affect its determination of whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. The Company also considers its most recent valuations of its reporting units, including the difference between the most recent fair value estimate and the carrying amount. Each of these factors is considered by management in reaching its conclusion about whether a quantitative goodwill impairment test is necessary to estimate the fair value of its reporting units. If the Company concludes that conducting a quantitative assessment is required, the Company determines the fair value of the reporting unit being evaluated utilizing a combination of three valuation techniques: discounted cash flow (income approach), market comparable method (market approach) and market capitalization (direct market data method). The income approach is based on management's operating plan and internal five-year forecast and utilizes forward-looking assumptions and projections, on a discounted basis, but considers factors unique to each reporting unit and related long-range plans that may not be comparable to other companies and that are not yet public. The market approach considers potentially comparable companies and transactions within the industries where the Company's reporting units participate, and applies their trading multiples to the financial projections of the Company's reporting units. This approach utilizes data from actual marketplace transactions, but reliance on its results is limited by difficulty in identifying companies that are specifically comparable to the Company's reporting units, considering the diversity of the Company's businesses, the relative sizes and levels of complexity. The Company also uses the direct market data method by comparing its book value and the estimates of fair value of the reporting units to the Company's market capitalization. Management uses this comparison as additional evidence of the fair value of the Company, as its market capitalization may be suppressed by other factors such as the control premium associated with a controlling shareholder, the Company's degree of leverage and the float of the Company's common stock. Management evaluates and weights the results based on a combination of the income and market approaches, and, in situations where the income approach results differ significantly from the market and direct data approaches, management re-evaluates and adjusts, if necessary, its assumptions. Based on the quantitative test, if it is determined that the carrying value of the reporting unit is higher than its fair value, goodwill is impaired and is written down to the fair value amount; however, the loss recognized will not exceed the total amount of goodwill allocated to the reporting unit. See Note 8, " Goodwill and Other Intangible Assets ," for further details regarding the Company's goodwill impairment testing. Indefinite-Lived Intangibles. The Company assesses indefinite-lived intangible assets (primarily trademark/trade names) for impairment on an annual basis (October 1 test date) by reviewing relevant qualitative and quantitative factors. More frequent evaluations may be required if the Company experiences changes in its business climate or as a result of other triggering events that take place. An impairment loss is recognized when the carrying value of the asset exceeds its fair value. In conducting a qualitative assessment, the Company considers relevant events and circumstances to determine whether it is more likely than not that the fair values of the indefinite-lived intangible assets are less than the carrying values. In addition to the events and circumstances that the Company considers above in its qualitative analysis for potential goodwill impairment, the Company also considers legal, regulatory and contractual factors that could affect the fair value or carrying amount of the Company's indefinite-lived intangible assets. The Company also considers its most recent valuations of its indefinite-lived intangible assets, including the difference between the most recent fair value estimates and the carrying amounts. These factors are all considered by management in reaching its conclusion about whether it is more likely than not that the fair values of the indefinite-lived intangible assets are less than the carrying values. If management concludes that further testing is required, the Company performs a quantitative valuation to estimate the fair value of its indefinite-lived intangible assets. In conducting the quantitative impairment analysis, the Company determines the fair value of its indefinite-lived intangible assets using the relief-from-royalty method. The relief-from-royalty method involves the estimation of appropriate market royalty rates for the indefinite-lived intangible assets and the application of these royalty rates to forecasted net sales attributable to the intangible assets. The resulting cash flows are then discounted to present value, using a rate appropriately reflecting the risks inherent in the cash flows, which then is compared to the carrying value of the assets. If the carrying value exceeds fair value, an impairment is recorded. See Note 8, " Goodwill and Other Intangible Assets ," for further details regarding the Company's indefinite-lived intangible asset impairment testing.
High Deductible Insurance	High Deductible Insurance.    The Company generally has high deductible insurance programs for losses and liabilities related to workers' compensation, health and welfare claims and comprehensive general, product and vehicle liability. The Company is generally responsible for up to $0.8 million per occurrence under its retention program for workers' compensation, up to $1.5 million per occurrence under its retention programs for comprehensive general, product and vehicle liability, and has a $0.4 million per occurrence stop-loss limit with respect to its group medical plan. Total insurance limits under these retention programs vary by year for comprehensive general, product and vehicle liability and extend to the applicable statutory limits for workers' compensation. Reserves for claims losses, including an estimate of related litigation defense costs, are recorded based upon the Company's estimates of the aggregate liability for claims incurred using actuarial assumptions about future events. Changes in assumptions for factors such as medical costs and actual experience could cause these estimates to change.
Pension Plans and Postretirement Benefits Other Than Pensions	Pension Plans. The Company engages independent actuaries to compute the amounts of liabilities and expenses under defined benefit pension plans, subject to the assumptions that the Company determines are appropriate based on historical trends, current market rates and future projections. Assumptions used in the actuarial calculations could have a significant impact on plan obligations, and a lesser impact on current period expense. Annually, the Company reviews the actual experience compared to the significant assumptions used and makes adjustments to the assumptions, if warranted. Discount rates are based on an expected benefit payments duration analysis and the equivalent average yield rate for high-quality fixed-income investments. Pension benefits are funded through deposits with trustees and the expected long-term rate of return on fund assets is based on actual historical returns and a review of other public company pension asset return data, modified for known changes in the market and any expected change in investment policy. See Note 17, “ Employee Benefit Plans ,” for further information.
Asbestos-related Matters	Asbestos-related Matters. The Company accrues loss reserves for asbestos-related matters based upon an estimate of the ultimate liability for claims incurred, whether reported or not, including an estimate of future settlement costs and costs to defend. The Company utilizes known facts and historical trends for Company-specific and general market asbestos-related activity, as well as an actuarial valuation in determining estimated required reserves which it believes are probable and reasonably estimable. Asbestos-related accruals are assessed at each balance sheet date to determine if the liability remains reasonably stated. Accruals for asbestos-related matters are included in the consolidated balance sheet in “Accrued liabilities” and “Other long-term liabilities.” See Note 16, “ Commitments and Contingencies ,” for further information.
Revenue Recognition	Revenue Recognition.    Revenue is recognized when control of promised goods is transferred to customers, which generally occurs when products are shipped from the Company’s facilities to its customers. The amount of revenue recorded reflects the consideration the Company expects to be entitled to receive in exchange for transferring those goods. Net sales are comprised of gross revenues, based on observed stand-alone selling prices, less estimates of expected returns, trade discounts and customer allowances, which include incentives such as volume and other discounts in connection with various supply programs. Such deductions are estimated and recorded during the period the related revenue is recognized. The Company may adjust these estimates when the expected amount of consideration changes based on sales volumes or other contractual terms. Sales and other consumption taxes the Company collects from customers and remits to government agencies are excluded from revenue. The Company accounts for freight and shipping costs that occur after control of the related goods transfer to the customer as a fulfillment cost within cost of sales. The nature and timing of the Company's revenue transactions are similar, as substantially all revenue is based on point-in-time transactions with customers under industry-standard payment terms. The Company may require shortened payment terms, including cash-in-advance, on an individual customer basis depending on its assessment of the customer's credit worthiness.
Cost of Sales	Cost of Sales.    Cost of sales includes material, labor and overhead costs incurred in the manufacture of products sold in the period. Material costs include raw material, purchased components, outside processing and freight costs. Overhead costs consist of variable and fixed manufacturing costs, wages and fringe benefits, and purchasing, receiving and inspection costs.
Selling, General and Administrative Expenses	Selling, General and Administrative Expenses.    Selling, general and administrative expenses include the following: costs related to the advertising, sale, marketing and distribution of the Company's products, amortization of customer intangible assets, costs of finance, human resources, legal functions, executive management costs and other administrative expenses.
Income Taxes	Income Taxes. The Company computes income taxes using the asset and liability method, whereby deferred income taxes using current enacted tax rates are provided for the temporary differences between the financial reporting basis and the tax basis of assets and liabilities and for operating loss and tax credit carryforwards. The Company determines valuation allowances based on an assessment of positive and negative evidence on a jurisdiction-by-jurisdiction basis and records a valuation allowance to reduce deferred tax assets to the amount more likely than not to be realized. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest and penalties related to unrecognized tax benefits in income tax expense. See Note 22, " Income Taxes ," for further information.
Foreign Currency Translation	Foreign Currency Translation.    The financial statements of subsidiaries located outside of the United States are measured using the currency of the primary economic environment in which they operate as the functional currency. When translating into U.S. dollars, income and expense items are translated at average monthly exchange rates and assets and liabilities are translated at exchange rates in effect at the balance sheet date. Adjustments resulting from translating the functional currency into U.S. dollars are deferred as a component of accumulated other comprehensive income (loss) ("AOCI") in the consolidated statement of shareholders' equity. The impact of net foreign currency transactions was a gain of $0.7 million for the year ended December 31, 2022, a loss of $0.9 million for the year ended December 31, 2021 and a gain of $0.6 million for the year ended 2020, and are included in other expense, net in the accompanying consolidated statement of operations.
Derivative Financial Instruments	Derivative Financial Instruments. The Company records derivative financial instruments at fair value on the balance sheet as either assets or liabilities, and changes in their fair values are immediately recognized in earnings if the derivatives do not qualify as effective hedges. If a derivative is designated as a fair value hedge, then changes in the fair value of the derivative are offset against the changes in the fair value of the underlying hedged item. If a derivative is designated as a cash flow hedge, then the effective portion of the changes in the fair value of the derivative is recognized as a component of other comprehensive income until the underlying hedged item is recognized in earnings or the forecasted transaction is no longer probable of occurring. If a derivative is designated as a net investment hedge, then the effective portion of the changes in the fair value of the derivative is recognized in other comprehensive income and will be subsequently reclassified to earnings when the hedged net investment is either sold or substantially liquidated. The Company formally documents hedging relationships for its derivative transactions and the underlying hedged items, as well as its risk management objectives and strategies for undertaking the hedge transactions. See Note 13, " Derivative Instruments ," for further information.
Fair Value of Financial Instruments	Fair Value of Financial Instruments. In accounting for and disclosing the fair value of financial instruments, the Company uses the following hierarchy: • Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date; • Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and • Level 3 inputs are unobservable inputs for the asset or liability. Valuation of the Company's cross-currency swaps are based on the income approach, which uses observable inputs such as interest rate yield curves and forward currency exchange rates, as applicable.
Business Combinations	Business Combinations. The Company records assets acquired and liabilities assumed from acquisitions at fair value. The fair value of working capital accounts generally approximates book value. The valuation of inventory, property, plant and equipment, and intangible assets requires significant assumptions. Inventory is recorded at fair value based on the estimated selling price less costs to sell, including completion, disposal and holding period costs with a reasonable profit margin. Property and equipment is recorded at fair value using a combination of both the cost and market approaches for both the real and personal property acquired. Under the cost approach, consideration is given to the amount required to construct or purchase a new asset of equal value at current prices, with adjustments in value for physical deterioration, as well as functional and economic obsolescence. Under the market approach, recent transactions for similar types of assets are used as the basis for estimating fair value. For trademark/trade names and technology and other intangible assets, the estimated fair value is based on projected discounted future net cash flows using the relief-from-royalty method. For customer relationship intangible assets, the estimated fair value is based on projected discounted future cash flows using the excess earnings method. The relief-from-royalty and excess earnings method are both income approaches that utilize key assumptions such as forecasts of revenue and expenses over an extended period of time, royalty rate percentages, tax rates, and estimated costs of debt and equity capital to discount the projected cash flows.
Stock-based Compensation	Stock-based Compensation. The Company recognizes compensation expense related to equity awards based on their fair values as of the grant date. For awards with only a service condition, expense is recognized ratably over the vesting period. Performance-based equity awards may have targets tied to performance and/or market-based conditions. Market-based conditions are taken into consideration in determining the grant date fair value, and the related compensation expense is recognized regardless of whether the market condition is satisfied, provided the requisite service has been provided. For performance condition components, the Company periodically updates the probability that the performance conditions will be achieved and adjusts expense accordingly, reflecting the change from prior estimate, if any, in current period non-cash stock compensation expense. The disclosed number of awards granted considers only the targeted number of units until such time that the performance condition has been satisfied. If the performance conditions are not achieved, no award is earned. See Note 18, “ Equity Awards ,” for further information.
Other Comprehensive Income	Other Comprehensive Income (Loss). The Company refers to other comprehensive income (loss) as revenues, expenses, gains and losses that under accounting principles generally accepted in the United States of America are included in comprehensive income (loss) but are excluded from net earnings as these amounts are recorded directly as an adjustment to stockholders' equity. Other comprehensive income (loss) is comprised of foreign currency translation adjustments, amortization of prior service costs and unrecognized gains and losses in actuarial assumptions for pension and postretirement plans and changes in unrealized gains and losses on derivative instruments.

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	The following table presents the Company’s disaggregated net sales by primary market served (dollars in thousands): Year ended December 31, Customer End Markets 2022 2021 2020 Consumer Products $ 419,410 $ 424,320 $ 402,080 Aerospace & Defense 188,090 183,340 167,740 Industrial 276,330 249,450 200,150 Total net sales $ 883,830 $ 857,110 $ 769,970

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	12 Months Ended
	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents [Table Text Block]	Cash and cash equivalents consists of the following components (dollars in thousands): December 31, December 31, Cash and cash equivalents - unrestricted $ 112,090 $ 129,790 Cash - restricted (a) — 10,950 Total cash and cash equivalents $ 112,090 $ 140,740 __________________________ (a) Includes cash placed on deposit with a financial institution to be held as cash collateral for the Company's outstanding letters of credit.

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2021 are as follows (dollars in thousands): Specialty Packaging Aerospace Products Total Balance, December 31, 2020 $ 234,560 $ 62,850 $ 6,560 $ 303,970 Goodwill from acquisitions 10,550 7,220 — 17,770 Foreign currency translation and other (6,370) 120 — (6,250) Balance, December 31, 2021 $ 238,740 $ 70,190 $ 6,560 $ 315,490 Goodwill from acquisitions 32,370 — — 32,370 Foreign currency translation and other (7,560) (490) — (8,050) Balance, December 31, 2022 $ 263,550 $ 69,700 $ 6,560 $ 339,810
Schedule of Intangible Assets (excluding Goodwill) by Major Class	The gross carrying amounts and accumulated amortization of the Company's other intangibles as of December 31, 2022 and 2021 are summarized below (dollars in thousands): As of December 31, 2022 As of December 31, 2021 Intangible Category by Useful Life Gross Carrying Accumulated Gross Carrying Accumulated Finite-lived intangible assets: Customer relationships, 5 - 12 years $ 131,660 $ (80,000) $ 124,310 $ (71,150) Customer relationships, 15 - 25 years 129,650 (74,380) 130,190 (68,190) Total customer relationships 261,310 (154,380) 254,500 (139,340) Technology and other, 1 - 15 years 56,860 (38,990) 57,060 (36,140) Technology and other, 17 - 30 years 43,300 (40,330) 43,300 (39,920) Total technology and other 100,160 (79,320) 100,360 (76,060) Indefinite-lived intangible assets: Trademark/Trade names 60,340 — 57,270 — Total other intangible assets $ 421,810 $ (233,700) $ 412,130 $ (215,400)
Schedule of Finite-Lived Intangible Assets, Amortization Expense	Amortization expense related to intangible assets as included in the accompanying consolidated statement of operations is summarized as follows (dollars in thousands): Year ended December 31, 2022 2021 2020 Technology and other, included in cost of sales $ 3,300 $ 3,820 $ 4,930 Customer relationships, included in selling, general and administrative expenses 15,800 17,740 15,820 Total amortization expense $ 19,100 $ 21,560 $ 20,750
Schedule of Expected Amortization Expense [Table Text Block]	Estimated amortization expense for the next five fiscal years beginning after December 31, 2022 is as follows (dollars in thousands): Year ended December 31, Estimated Amortization Expense 2023 $ 17,990 2024 $ 16,490 2025 $ 16,140 2026 $ 14,420 2027 $ 14,360

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories consist of the following components (dollars in thousands): December 31, December 31, Finished goods $ 74,280 $ 74,600 Work in process 38,090 28,790 Raw materials 50,990 49,060 Total inventories $ 163,360 $ 152,450

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment consists of the following components (dollars in thousands): December 31, December 31, Land and land improvements $ 15,220 $ 19,630 Building and building improvements 90,910 93,170 Machinery and equipment 461,480 422,500 567,610 535,300 Less: Accumulated depreciation 289,860 269,670 Property and equipment, net $ 277,750 $ 265,630
Depreciation Expense	Depreciation expense as included in the accompanying consolidated statement of operations is as follows (dollars in thousands): Year ended December 31, 2022 2021 2020 Depreciation expense, included in cost of sales $ 33,130 $ 30,770 $ 27,920 Depreciation expense, included in selling, general and administrative expense 990 1,120 1,100 Total depreciation expense $ 34,120 $ 31,890 $ 29,020

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following components (dollars in thousands): December 31, December 31, Accrued payroll $ 18,050 $ 24,960 High deductible insurance 5,530 5,000 Other 23,080 29,020 Total accrued liabilities $ 46,660 $ 58,980

Long-term Debt (Tables)

Long-term Debt (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Debt	The Company's long-term debt consists of the following (dollars in thousands): December 31, December 31, 4.125% Senior Notes due April 2029 $ 400,000 $ 400,000 Debt issuance costs (5,270) (6,180) Long-term debt, net $ 394,730 $ 393,820 December 31, 2022 December 31, 2021 Carrying Amount Fair Value Carrying Amount Fair Value 4.125% Senior Notes due April 2029 $ 400,000 $ 344,000 $ 400,000 $ 399,000
Debt Instrument Redemption	On or after April 15, 2024, the Company may redeem all or part of the 2029 Senior Notes at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, to the redemption date, if redeemed during the twelve-month period beginning on April 15 of the years indicated below: Year Percentage 2024 102.063 % 2025 101.031 % 2026 and thereafter 100.000 %
Schedule of Maturities of Long-term Debt	Future maturities of the face value of long-term debt at December 31, 2022 are as follows (dollars in thousands): Year Ending December 31: Future Maturities 2023 $ — 2024 — 2025 — 2026 — 2027 — Thereafter 400,000 Total $ 400,000

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	As of December 31, 2022 and 2021, the fair value carrying amount of the Company's derivatives designated as hedging instruments are recorded as follows (dollars in thousands): Asset / (Liability) Derivatives Derivatives designated as hedging instruments Balance Sheet Caption December 31, 2022 December 31, 2021 Net Investment Hedges Cross-currency swaps Other assets $ — $ 7,590 Cross-currency swaps Other long-term liabilities (7,090) —
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The following table summarizes the income recognized in AOCI on derivative contracts designated as hedging instruments as of December 31, 2022 and 2021, and the amounts reclassified from AOCI into earnings for the years ended December 31, 2022, 2021 and 2020 (dollars in thousands): Amount of Income (Loss) Recognized Location of Loss Reclassified from AOCI into Earnings Amount of Loss Reclassified from As of December 31, Year ended December 31, 2022 2021 2022 2021 2020 Net Investment Hedges Cross-currency swaps $ 15,320 $ 5,910 Other expense, net $ — $ — $ —
Derivatives Not Designated as Hedging Instruments	The following table summarizes the effects of derivatives not designated as hedging instruments on the Company's consolidated statement of operations (dollars in thousands): Amount of Income (Loss) Recognized in Earnings on Derivatives Year ended December 31, Location of Income (Loss) 2022 2021 2020 Derivatives not designated as hedging instruments Foreign exchange contracts Other income (expense), net $ 1,540 $ 7,130 $ (470)
Fair Value Measurements, Recurring and Nonrecurring	Fair value measurements and the fair value hierarchy level for the Company's assets and liabilities measured at fair value on a recurring basis as of December 31, 2022 and 2021 are as follows (dollars in thousands): Description Frequency Asset / (Liability) Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2022 Cross-currency swaps Recurring $ (7,090) $ — $ (7,090) $ — Foreign exchange contracts Recurring $ (1,790) $ — $ (1,790) $ — December 31, 2021 Cross-currency swaps Recurring $ 7,590 $ — $ 7,590 $ — Foreign exchange contracts Recurring $ (110) $ — $ (110) $ —

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Lease, Cost [Table Text Block]	The components of lease expense are as follows (dollars in thousands): Year ended December 31, 2022 2021 2020 Operating lease cost $ 10,560 8,510 7,870 Short-term, variable and other lease costs 3,350 2,460 1,540 Total lease cost $ 13,910 $ 10,970 $ 9,410
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Maturities of lease liabilities are as follows (dollars in thousands): Year ended December 31, Operating Leases (a) 2023 $ 9,970 2024 9,130 2025 7,830 2026 7,730 2027 6,650 Thereafter 14,220 Total lease payments 55,530 Less: Imputed interest (6,240) Present value of lease liabilities $ 49,290 __________________________ (a) The maturity table excludes cash flows associated with exited lease facilities. Liabilities for exited lease facilities are included in accrued liabilities and other long-term liabilities in the accompanying consolidated balance sheet.

Other Long-term Liabilities (Ta

Other Long-term Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Other Noncurrent Liabilities [Table Text Block]	Other long-term liabilities consist of the following components (dollars in thousands): December 31, December 31, Non-current asbestos-related liabilities $ 26,370 $ 25,210 Other long-term liabilities 29,970 33,820 Total other long-term liabilities $ 56,340 $ 59,030

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Loss Contingencies by Contingency	The following chart summarizes the number of claims, number of claims filed, number of claims dismissed, number of claims settled, the average settlement amount per claim and the total defense costs, at the applicable date and for the applicable periods: Claims Claims filed Claims Claims Claims Average Total defense Fiscal year ended December 31, 2022 4,754 236 168 24 4,798 $ 79,869 $ 2,180,000 Fiscal year ended December 31, 2021 4,655 265 134 32 4,754 $ 16,819 $ 1,950,000 Fiscal year ended December 31, 2020 4,759 219 287 36 4,655 $ 18,314 $ 2,130,000
Schedule of Damages Sought for Specific Claims	Below is a breakdown of the compensatory damages sought for those claims seeking specific amounts: Compensatory Range of damages sought (in millions) $0.0 to $0.6 $0.6 to $5.0 $5.0+ Number of claims — 3 42

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Schedule of Costs of Retirement Plans	Net periodic pension benefit expense recorded in the Company's consolidated statement of operations for defined benefit pension plans include the following components (dollars in thousands): Pension Benefit 2022 2021 2020 Service cost $ 690 $ 1,280 $ 1,230 Interest cost 890 800 930 Expected return on plan assets (1,590) (1,530) (1,450) Settlements and curtailments 150 — — Amortization of net loss 570 910 890 Net periodic benefit expense $ 710 $ 1,460 $ 1,600
Schedule of Assumptions Used	Weighted average assumptions used in accounting for the U.S. defined benefit pension plans are as follows: Pension Benefit 2022 2021 2020 Discount rate for obligations 5.24 % 3.06 % 2.79 % Discount rate for benefit costs 3.06 % 2.79 % 3.41 % Rate of increase in compensation levels N/A N/A N/A Expected long-term rate of return on plan assets 6.13 % 6.13 % 6.13 % The Company utilizes a high-quality (Aa or greater) corporate bond yield curve as the basis for its domestic discount rate for its pension benefit plans. Management believes this yield curve removes the impact of including additional required corporate bond yields (potentially considered in the above-median curve) resulting from the uncertain economic climate that does not necessarily reflect the general trend in high-quality interest rates. Weighted average assumptions used in accounting for the non-U.S. defined benefit pension plans are as follows: Pension Benefit 2022 2021 2020 Discount rate for obligations 4.90 % 2.10 % 1.50 % Discount rate for benefit costs 2.10 % 1.50 % 2.10 % Rate of increase in compensation levels 4.80 % 3.30 % 2.80 % Expected long-term rate of return on plan assets 4.20 % 3.90 % 4.10 %
Schedule of Changes in Projected Benefit Obligations and Fair Value of Plan Assets	The following provides a reconciliation of the changes in the Company's defined benefit pension plans' projected benefit obligations and fair value of assets for each of the years ended December 31, 2022 and 2021 and the funded status as of December 31, 2022 and 2021 (dollars in thousands): Pension Benefit 2022 2021 Changes in Projected Benefit Obligations Benefit obligations at January 1 $ (37,560) $ (40,830) Service cost (690) (1,280) Interest cost (890) (800) Participant contributions (10) (50) Actuarial gain (a) 10,260 3,290 Benefit payments 1,310 1,840 Change in foreign currency 2,020 270 Projected benefit obligations at December 31 $ (25,560) $ (37,560) Changes in Plan Assets Fair value of plan assets at January 1 $ 38,130 $ 36,060 Actual return on plan assets (10,070) 2,060 Employer contributions 1,520 2,050 Participant contributions 10 50 Benefit payments (1,310) (1,840) Change in foreign currency (2,810) (250) Fair value of plan assets at December 31 $ 25,470 $ 38,130 Funded status at December 31 $ (90) $ 570 __________________________ (a) The actuarial gain for the year ended December 31, 2022 was primarily due to an increase in the discount rate utilized in measuring the projected benefit obligations, partially offset by experience losses. The actuarial gain for the year ended December 31, 2021 was primarily due to an increase in the discount rate utilized in measuring the projected benefit obligations as well as other assumptions and experience gains.
Schedule of Amounts Recognized in Balance Sheet	Pension Benefit 2022 2021 Amounts Recognized in Balance Sheet Other assets $ 4,860 $ 7,740 Current liabilities (310) (300) Noncurrent liabilities (4,640) (6,870) Net asset (liability) recognized at December 31 $ (90) $ 570
Schedule of Accumulated Other Comprehensive Income	Pension Benefit 2022 2021 Amounts Recognized in Accumulated Other Comprehensive Loss Unrecognized prior service cost $ 160 $ 310 Unrecognized net loss 7,370 6,550 Total accumulated other comprehensive loss recognized at December 31 $ 7,530 $ 6,860 Changes in AOCI by component for the year ended December 31, 2022 are summarized as follows, net of tax (dollars in thousands): Defined Benefit Plans Derivative Instruments Foreign Currency Translation Total Balance, December 31, 2021 $ (4,830) $ 5,910 $ (850) $ 230 Net unrealized gains (losses) arising during the period (a) (1,070) 9,410 (17,710) (9,370) Less: Net realized losses reclassified to net income (b) (520) — — (520) Net current-period other comprehensive income (loss) (550) 9,410 (17,710) (8,850) Balance, December 31, 2022 $ (5,380) $ 15,320 $ (18,560) $ (8,620) __________________________ (a) Defined benefit plans, net of income tax of $0.3 million. See Note 17, " Employee Benefit Plans ," for additional details. Derivative instruments, net of income tax of $3.2 million. See Note 13, " Derivative Instruments ," for further details. (b) Defined benefit plans, net of income tax of $0.2 million. See Note 17, " Employee Benefit Plans ," for additional details. Changes in AOCI by component for the year ended December 31, 2021 are summarized as follows, net of tax (dollars in thousands): Defined Benefit Plans Derivative Instruments Foreign Currency Translation Total Balance, December 31, 2020 $ (8,620) $ (3,580) $ 6,580 $ (5,620) Net unrealized gains (losses) arising during the period (a) 3,150 9,490 (7,430) 5,210 Less: Net realized losses reclassified to net income (b) (640) — — (640) Net current-period other comprehensive income (loss) 3,790 9,490 (7,430) 5,850 Balance, December 31, 2021 $ (4,830) $ 5,910 $ (850) $ 230 __________________________ (a) Defined benefit plans, net of income tax of $0.8 million. See Note 17, " Employee Benefit Plans ," for additional details. Derivative instruments, net of income tax expense of $3.1 million. See Note 13, " Derivative Instruments ," for further details. (b) Defined benefit plans, net of income tax of $0.2 million. See Note 17, "Employee Benefit Plans,"
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets	Accumulated Benefit Obligations Projected Benefit Obligations 2022 2021 2022 2021 Benefit Obligations at December 31, Total benefit obligations $ (25,400) $ (35,970) $ (25,560) $ (37,560) Plans with benefit obligations exceeding plan assets Benefit obligations $ (13,000) $ (16,630) $ (13,170) $ (16,780) Plan assets $ 8,220 $ 9,610 $ 8,220 $ 9,610
Schedule of Effect of Change in Discount Rate and Expected Return on Assets on Benefit Obligations and Expense	A 25 basis point change in benefit obligation discount rates or 50 basis point change in expected return on plan assets would have the following effect (dollars in thousands): Pension Benefit December 31, 2022 2022 Expense Discount rate 25 basis point increase $ (810) $ (60) 25 basis point decrease $ 860 $ 60 Expected return on assets 50 basis point increase N/A $ (160) 50 basis point decrease N/A $ 160
Schedule of Allocation of Plan Assets	The actual weighted average asset allocation of the Company's domestic and foreign pension plans' assets at December 31, 2022 and 2021 and target allocations by class, were as follows: Domestic Pension Foreign Pension Actual Actual Target 2022 2021 Target 2022 2021 Equity securities 60 % 60 % 62 % 12 % 14 % 34 % Fixed income 36 % 37 % 37 % 70 % 66 % 44 % Diversified growth (a) — % — % — % 18 % 19 % 22 % Cash and other 4 % 3 % 1 % — 1 % — % Total 100 % 100 % 100 % 100 % 100 % 100 % ________________________________________
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	The following table summarizes the level under the fair value hierarchy (see Note 3, " Summary of Significant Accounting Policies ") that the Company's pension plan assets are measured, on a recurring basis as of December 31, 2022 (dollars in thousands): Total Level 1 Level 2 Level 3 Plan assets subject to leveling Investment funds Equity securities $ 4,870 $ 4,870 $ — $ — Fixed income 3,030 3,030 — — Cash and cash equivalents 160 160 — — Plan assets measured at net asset value (a) Investment funds Equity securities 2,350 Fixed income 11,410 Diversified growth 3,330 Cash and cash equivalents 320 Total $ 25,470 $ 8,060 $ — $ — ________________________________________ (a) Certain investments that are measured at fair value using the net asset value per share as a practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amount presented in the fair value of plan assets.
Schedule of Expected Benefit Payments	The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid during the following years (dollars in thousands): Pension 2023 $ 1,220 2024 1,240 2025 1,310 2026 1,340 2027 1,420 Years 2028-2032 8,410

Equity Awards (Tables)

Equity Awards (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award	The Company maintains the following long-term equity incentive plans (collectively, the "Plans"): Plan Names Shares Approved for Issuance TriMas Corporation 2017 Equity and Incentive Compensation Plan 2,000,000 TriMas Corporation Director Retainer Share Election Program 100,000
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	Information related to restricted shares as of and for the year ended December 31, 2022 is as follows: Number of Weighted Average Aggregate Outstanding at January 1, 2022 673,732 $ 27.38 Granted 317,924 32.87 Vested (231,170) 30.34 Cancelled (41,037) 35.25 Outstanding at December 31, 2022 719,449 $ 28.40 0.9 $ 19,957,515

Earnings per Share Earnings p_2

Earnings per Share Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Schedule of Weighted Average Number of Shares [Table Text Block]	The following table summarizes the dilutive effect of RSUs and options to purchase common stock: Year ended December 31, 2022 2021 2020 Weighted average common shares—basic 42,249,244 43,006,922 43,581,232 Dilutive effect of restricted stock units 228,771 261,858 — Dilutive effect of stock options — 12,296 — Weighted average common shares—diluted 42,478,015 43,281,076 43,581,232

Other Comprehensive Income (Tab

Other Comprehensive Income (Tables)	12 Months Ended
	Dec. 31, 2022
Other Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income	Pension Benefit 2022 2021 Amounts Recognized in Accumulated Other Comprehensive Loss Unrecognized prior service cost $ 160 $ 310 Unrecognized net loss 7,370 6,550 Total accumulated other comprehensive loss recognized at December 31 $ 7,530 $ 6,860 Changes in AOCI by component for the year ended December 31, 2022 are summarized as follows, net of tax (dollars in thousands): Defined Benefit Plans Derivative Instruments Foreign Currency Translation Total Balance, December 31, 2021 $ (4,830) $ 5,910 $ (850) $ 230 Net unrealized gains (losses) arising during the period (a) (1,070) 9,410 (17,710) (9,370) Less: Net realized losses reclassified to net income (b) (520) — — (520) Net current-period other comprehensive income (loss) (550) 9,410 (17,710) (8,850) Balance, December 31, 2022 $ (5,380) $ 15,320 $ (18,560) $ (8,620) __________________________ (a) Defined benefit plans, net of income tax of $0.3 million. See Note 17, " Employee Benefit Plans ," for additional details. Derivative instruments, net of income tax of $3.2 million. See Note 13, " Derivative Instruments ," for further details. (b) Defined benefit plans, net of income tax of $0.2 million. See Note 17, " Employee Benefit Plans ," for additional details. Changes in AOCI by component for the year ended December 31, 2021 are summarized as follows, net of tax (dollars in thousands): Defined Benefit Plans Derivative Instruments Foreign Currency Translation Total Balance, December 31, 2020 $ (8,620) $ (3,580) $ 6,580 $ (5,620) Net unrealized gains (losses) arising during the period (a) 3,150 9,490 (7,430) 5,210 Less: Net realized losses reclassified to net income (b) (640) — — (640) Net current-period other comprehensive income (loss) 3,790 9,490 (7,430) 5,850 Balance, December 31, 2021 $ (4,830) $ 5,910 $ (850) $ 230 __________________________ (a) Defined benefit plans, net of income tax of $0.8 million. See Note 17, " Employee Benefit Plans ," for additional details. Derivative instruments, net of income tax expense of $3.1 million. See Note 13, " Derivative Instruments ," for further details. (b) Defined benefit plans, net of income tax of $0.2 million. See Note 17, "Employee Benefit Plans,"

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Segment activity is as follows (dollars in thousands): Year ended December 31, 2022 2021 2020 Net Sales Packaging $ 522,180 $ 533,260 $ 488,340 Aerospace 188,090 183,340 167,740 Specialty Products 173,560 140,510 113,890 Total $ 883,830 $ 857,110 $ 769,970 Operating Profit (Loss) Packaging $ 81,000 $ 96,490 $ 93,990 Aerospace (a) 8,060 13,270 (133,440) Specialty Products 30,250 22,550 4,350 Corporate (b) (20,250) (37,220) (53,190) Total $ 99,060 $ 95,090 $ (88,290) Capital Expenditures Packaging $ 33,170 $ 34,080 $ 30,730 Aerospace 6,900 5,390 5,770 Specialty Products 5,860 5,500 3,890 Corporate 30 90 90 Total $ 45,960 $ 45,060 $ 40,480 Depreciation and Amortization Packaging $ 29,340 $ 30,500 $ 27,600 Aerospace 19,620 18,700 18,130 Specialty Products 4,130 4,120 3,910 Corporate 130 130 130 Total $ 53,220 $ 53,450 $ 49,770 Total Assets Packaging $ 776,550 $ 739,920 $ 721,440 Aerospace 347,720 353,800 348,190 Specialty Products 86,290 73,260 65,520 Corporate 94,440 136,660 58,730 Total $ 1,305,000 $ 1,303,640 $ 1,193,880 __________________________ (a) In 2022, the Company completed the sale of vacant land adjacent to the Company's Tolleson, Arizona, manufacturing facility for net proceeds of $5.0 million, and recognized a $4.8 million gain on the sale, which is included within the Aerospace segment.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	The following table presents the Company's net sales for each of the years ended December 31 and long-lived assets at each year ended December 31, attributed to each subsidiary's continent of domicile (dollars in thousands). As of December 31, 2022 2021 2020 Net Long-lived Assets Net Long-lived Assets Net Long-lived Assets Non-U.S. Europe $ 139,780 $ 192,600 $ 160,650 $ 209,380 $ 116,350 $ 225,120 Asia Pacific 35,260 29,720 41,310 37,080 46,350 41,140 Other Americas 18,040 41,840 15,290 42,000 11,740 19,510 Total non-U.S. 193,080 264,160 217,250 288,460 174,440 285,770 Total U.S. 690,750 541,510 639,860 489,390 595,530 477,460 Total $ 883,830 $ 805,670 $ 857,110 $ 777,850 $ 769,970 $ 763,230

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The Company's income (loss) before income taxes and income tax expense (benefit), each by tax jurisdiction, consists of the following (dollars in thousands): Year ended December 31, 2022 2021 2020 Income (loss) before income taxes: Domestic $ 56,750 $ 28,380 $ (134,630) Foreign 30,920 40,730 31,920 Total income (loss) before income taxes $ 87,670 $ 69,110 $ (102,710) Current income tax expense: Federal $ 13,300 $ 940 $ 200 State and local 3,470 530 810 Foreign 6,170 8,840 7,750 Total current income tax expense 22,940 10,310 8,760 Deferred income tax expense (benefit): Federal (1,780) 5,450 (16,900) State and local 50 670 (4,430) Foreign 290 (4,630) (10,380) Total deferred income tax expense (benefit) (1,440) 1,490 (31,710) Income tax expense (benefit) $ 21,500 $ 11,800 $ (22,950)
Schedule of Deferred Tax Assets and Liabilities	The components of deferred taxes are as follows (dollars in thousands): December 31, 2022 December 31, 2021 Deferred tax assets: Accounts receivable $ 1,290 $ 950 Inventories 5,640 5,330 Accrued liabilities and other long-term liabilities 14,580 15,320 Operating lease liability 12,670 13,440 Research and experimentation costs (a) 4,130 — Tax loss and credit carryforwards 27,310 30,690 Other 110 340 Gross deferred tax asset 65,730 66,070 Valuation allowances (17,180) (19,960) Net deferred tax asset 48,550 46,110 Deferred tax liabilities: Property and equipment (25,100) (23,920) Right of use asset (12,170) (13,130) Goodwill and other intangible assets (22,050) (20,160) Investment in foreign affiliates, including withholding tax (770) (420) Gross deferred tax liability (60,090) (57,630) Net deferred tax liability $ (11,540) $ (11,520) __________________________ (a) Effective for tax years beginning after December 31, 2021, research and experimentation expenditures are to be capitalized and amortized for tax-purposes as part of the Tax Cuts and Jobs Act of 2017.
Schedule of Effective Income Tax Rate Reconciliation	The following is a reconciliation of income tax expense (benefit) computed at the U.S. federal statutory rate to income tax expense (benefit) allocated to income (loss) before income taxes (dollars in thousands): Year ended December 31, 2022 2021 2020 U.S. federal statutory rate 21 % 21 % 21 % Tax at U.S. federal statutory rate $ 18,380 $ 14,550 $ (21,570) State and local taxes, net of federal tax benefit 2,790 960 (2,850) Differences in statutory foreign tax rates 1,150 (1,690) (1,500) Change in recognized tax benefits (600) (550) (920) Goodwill and other intangible assets impairment — — 13,430 Tax credits and incentives (1,260) (5,060) (2,130) Net change in valuation allowance 340 2,100 (6,390) Nondeductible compensation 990 2,280 260 Other, net $ (290) $ (790) $ (1,280) Income tax expense (benefit) $ 21,500 $ 11,800 $ (22,950)
Schedule of Unrecognized Tax Benefits Roll Forward	A reconciliation of the change in the UTBs for the years ended December 31, 2022 and 2021 is as follows (dollars in thousands): Unrecognized Balance at December 31, 2020 $ 1,640 Tax positions related to current year: Additions 130 Tax positions related to prior years: Additions 20 Reductions — Settlements — Lapses in the statutes of limitations (540) Balance at December 31, 2021 $ 1,250 Tax positions related to current year: Additions 140 Tax positions related to prior years: Additions — Reductions (50) Settlements — Lapses in the statutes of limitations (230) Balance at December 31, 2022 $ 1,110

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Receivables (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Allowance for Doubtful Accounts	$ 1.7	$ 1.6

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Depreciation and Amortization (Details)	12 Months Ended
	Dec. 31, 2022
Minimum [Member] | Customer Relationships [Member]
Property, Plant and Equipment and Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Useful Life	5 years
Minimum [Member] | Technology and Other [Member]
Property, Plant and Equipment and Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Useful Life	1 year
Minimum [Member] | Land and Land Improvements/Buildings [Member]
Property, Plant and Equipment and Finite-Lived Intangible Assets [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Minimum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment and Finite-Lived Intangible Assets [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Maximum [Member] | Customer Relationships [Member]
Property, Plant and Equipment and Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Useful Life	25 years
Maximum [Member] | Technology and Other [Member]
Property, Plant and Equipment and Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Useful Life	30 years
Maximum [Member] | Land and Land Improvements/Buildings [Member]
Property, Plant and Equipment and Finite-Lived Intangible Assets [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Maximum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment and Finite-Lived Intangible Assets [Line Items]
Property, Plant and Equipment, Useful Life	15 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Goodwill and Indefinite-Lived Intangibles (Details)	12 Months Ended
	Dec. 31, 2022 number
Annual Goodwill Impairment Assessment [Abstract]
Number of Reporting Units	6
Number of reporting units that have goodwill	4
Number of Reportable Segments	3

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - High Deductible Insurance (Details) $ in Millions	Dec. 31, 2022 USD ($)
Workers' Compensation [Member]
Insurance coverage [Line Items]
Maximum Retention	$ 0.8
General Liability [Member]
Insurance coverage [Line Items]
Maximum Retention	1.5
Maximum [Member] | Group Medical Plan [Member]
Insurance coverage [Line Items]
Stop Loss Limit	$ 0.4

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Foreign Currency Translation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Other Expense, Net [Member]
Foreign Currency Translation [Line Items]
Net Foreign Currency Transaction Gains (Losses)	$ 0.7	$ (0.9)	$ 0.6

Acquisitions Acquisitions - Nar

Acquisitions Acquisitions - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Feb. 28, 2022	Dec. 05, 2021	Dec. 15, 2020	Feb. 27, 2020
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 64,100	$ 34,340	$ 193,540
Net sales	883,830	857,110	769,970
Goodwill	339,810	315,490	303,970
Intertech Plastics LLC
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 64,100
Net sales		32,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment					$ 12,200
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Net Working Capital					6,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill					13,500
Goodwill					$ 32,400
Omega Plastics
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		22,500
Net sales		18,000
TFI Aerospace
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		11,800
Net sales		$ 6,000
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, Low						$ 0
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High						12,000
Business Combination, Contingent Consideration, Liability						$ 3,700
Affaba & Ferrari Srl [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired			98,400
Net sales			34,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment							$ 17,400
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities							12,600
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Net Working Capital							9,400
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill							35,100
Goodwill							$ 49,100
Rapak [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired			11,400
Net sales				$ 30,000
RSA Engineered Products [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired			$ 83,700
Net sales				$ 30,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment								$ 2,100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities								8,700
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Net Working Capital								10,100
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill								36,900
Goodwill								$ 43,300

Discontinued Operations Sale of

Discontinued Operations Sale of Lamons Division Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	$ (520)	$ (640)
Foreign Currency Translation
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	$ 0	$ 0

Discontinued Operations Results

Discontinued Operations Results of Discontinued Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net gain (loss) on dispositions of assets	$ 21,950	$ (130)	$ (1,290)

Restructuring and Related Act_2

Restructuring and Related Activities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Realignment Actions [Line Items]
(Gain) loss on dispositions of assets	$ (21,950)	$ 130	$ 1,290
Realignment Actions [Member]
Realignment Actions [Line Items]
Inventory Write-down			13,800
(Gain) loss on dispositions of assets			2,300
Severance Costs		6,200	3,800
Cash paid for severance		2,400	3,700
Realignment costs	5,000	9,700
Facility consolidation realignment costs	2,700	3,500
Employee-related costs	2,300
Cost of Sales [Member] | Realignment Actions [Member]
Realignment Actions [Line Items]
Charges related to realignment actions			17,100
Realignment costs	2,800	4,100
Selling, General and Administrative Expenses [Member] | Realignment Actions [Member]
Realignment Actions [Line Items]
Charges related to realignment actions			$ 2,800
Realignment costs	2,000	$ 5,600
Net gain (loss) on disposition of asset | Realignment Actions [Member]
Realignment Actions [Line Items]
Realignment costs	$ 200

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 883,830	$ 857,110	$ 769,970
Consumer [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	419,410	424,320	402,080
Aerospace & Defense [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	188,090	183,340	167,740
Industrial [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 276,330	$ 249,450	$ 200,150

Cash and Cash Equivalents (Deta

Cash and Cash Equivalents (Details) - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents unrestricted		$ 112,090	$ 129,790
Restricted Cash	[1]	0	10,950
Cash and cash equivalents		$ 112,090	$ 140,740
[1]Includes cash placed on deposit with a financial institution to be held as cash collateral for the Company's outstanding letters of credit.

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill Narrative (Details) - USD ($)	3 Months Ended
	Sep. 30, 2020	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill [Line Items]
Goodwill		$ 339,810,000	$ 315,490,000	$ 303,970,000
Aerospace [Member]
Goodwill [Line Items]
Goodwill		$ 69,700,000	$ 70,190,000	$ 62,850,000
Goodwill [Member] | Aerospace Fasteners Reporting Unit [Member] | Aerospace [Member]
Goodwill [Line Items]
Goodwill, Impairment Loss	$ 70,800,000
Goodwill [Member] | Aerospace Engineered Products Reporting Unit [Member] | Aerospace [Member]
Goodwill [Line Items]
Goodwill, Impairment Loss	$ 56,000,000

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Goodwill Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Balance, beginning	$ 315,490	$ 303,970
Goodwill, Acquired During Period	32,370	17,770
Foreign currency translation	(8,050)	(6,250)
Balance, ending	339,810	315,490
Packaging [Member]
Goodwill [Roll Forward]
Balance, beginning	238,740	234,560
Goodwill, Acquired During Period	32,370	10,550
Foreign currency translation	(7,560)	(6,370)
Balance, ending	263,550	238,740
Aerospace [Member]
Goodwill [Roll Forward]
Balance, beginning	70,190	62,850
Goodwill, Acquired During Period	0	7,220
Foreign currency translation	(490)	120
Balance, ending	69,700	70,190
Specialty Products [Member]
Goodwill [Roll Forward]
Balance, beginning	6,560	6,560
Goodwill, Acquired During Period	0	0
Foreign currency translation	0	0
Balance, ending	$ 6,560	$ 6,560

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Intangibles Narrative (Details) $ in Millions	3 Months Ended
	Sep. 30, 2020 USD ($)
Indefinite-lived Intangible Assets [Line Items]
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]	Impairment of goodwill and indefinite-lived intangible assets
Trade Names [Member] | Aerospace [Member]
Indefinite-lived Intangible Assets [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 7.8

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, accumulated amortization	$ (233,700)	$ (215,400)
Total finite and indefinite-lived other intangible assets, gross carrying amount	421,810	412,130
Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	261,310	254,500
Finite-lived intangible assets, accumulated amortization	(154,380)	(139,340)
Technology and Other [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	100,160	100,360
Finite-lived intangible assets, accumulated amortization	(79,320)	(76,060)
Trademarks and Trade Names [Member]
Intangible Assets, excluding Goodwill [Line Items]
Indefinite-lived intangible assets, gross carrying amount	60,340	57,270
Useful Life Five to Twelve Years [Member] | Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	131,660	124,310
Finite-lived intangible assets, accumulated amortization	(80,000)	(71,150)
Useful Life Fifteen to Twentyfive Years [Member] | Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	129,650	130,190
Finite-lived intangible assets, accumulated amortization	(74,380)	(68,190)
Useful Life One to Fifteen Years [Member] | Technology and Other [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	56,860	57,060
Finite-lived intangible assets, accumulated amortization	(38,990)	(36,140)
Useful Life Seventeen to Thirty Years [Member] | Technology and Other [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	43,300	43,300
Finite-lived intangible assets, accumulated amortization	$ (40,330)	$ (39,920)
Minimum [Member] | Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	5 years
Minimum [Member] | Technology and Other [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	1 year
Minimum [Member] | Useful Life Five to Twelve Years [Member] | Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	5 years
Minimum [Member] | Useful Life Fifteen to Twentyfive Years [Member] | Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	15 years
Minimum [Member] | Useful Life One to Fifteen Years [Member] | Technology and Other [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	1 year
Minimum [Member] | Useful Life Seventeen to Thirty Years [Member] | Technology and Other [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	17 years
Maximum [Member] | Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	25 years
Maximum [Member] | Technology and Other [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	30 years
Maximum [Member] | Useful Life Five to Twelve Years [Member] | Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	12 years
Maximum [Member] | Useful Life Fifteen to Twentyfive Years [Member] | Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	25 years
Maximum [Member] | Useful Life One to Fifteen Years [Member] | Technology and Other [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	15 years
Maximum [Member] | Useful Life Seventeen to Thirty Years [Member] | Technology and Other [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-Lived Intangible Assets, Useful Life	30 years

Goodwill and Other Intangible_7

Goodwill and Other Intangible Assets - Other Intangible Assets Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	$ 19,100	$ 21,560	$ 20,750
Cost of Sales [Member] | Technology and Other [Member]
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	3,300	3,820	4,930
Selling, General and Administrative Expenses [Member] | Customer Relationships [Member]
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	$ 15,800	$ 17,740	$ 15,820

Goodwill and Other Intangible_8

Goodwill and Other Intangible Assets - Expected Amortization Expense (Details) (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	$ 17,990
Finite-Lived Intangible Assets, Amortization Expense, Year Two	16,490
Finite-Lived Intangible Assets, Amortization Expense, Year Three	16,140
Finite-Lived Intangible Assets, Amortization Expense, Year Four	14,420
Finite-Lived Intangible Assets, Amortization Expense, Year Five	$ 14,360

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Finished goods	$ 74,280	$ 74,600
Work in process	38,090	28,790
Raw materials	50,990	49,060
Total inventories	$ 163,360	$ 152,450

Property and Equipment, Net - P

Property and Equipment, Net - Property and Equipment Table (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 567,610	$ 535,300
Less: Accumulated depreciation	289,860	269,670
Property and equipment, net	277,750	265,630
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	15,220	19,630
Building [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	90,910	93,170
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 461,480	$ 422,500

Property and Equipment, Net - D

Property and Equipment, Net - Depreciation Expense Table (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Depreciation Expense [Line Items]
Depreciation expense	$ 34,120	$ 31,890	$ 29,020
Continuing Operations [Member]
Depreciation Expense [Line Items]
Depreciation expense	34,120	31,890	29,020
Cost of Sales [Member] | Continuing Operations [Member]
Depreciation Expense [Line Items]
Depreciation expense	33,130	30,770	27,920
Selling, General and Administrative Expenses [Member] | Continuing Operations [Member]
Depreciation Expense [Line Items]
Depreciation expense	$ 990	$ 1,120	$ 1,100

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accrued Liabilities, Current [Abstract]
High deductible insurance	$ 5,530	$ 5,000
Accrued payroll	18,050	24,960
Other	23,080	29,020
Total accrued liabilities	$ 46,660	$ 58,980

Long-term Debt - Debt Table (De

Long-term Debt - Debt Table (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Debt issuance costs	$ (5,270)	$ (6,180)
Long-term debt, net	394,730	393,820
4.125% Senior Unsecured Notes Due 2029
Debt Instrument [Line Items]
Debt	$ 400,000	$ 400,000

Long-term Debt - Senior Notes (

Long-term Debt - Senior Notes (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Apr. 15, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Mar. 31, 2021
Debt Instrument [Line Items]
Debt financing and related expenses		$ 0	$ 10,520	$ 0
Senior Notes [Member] | 4.875% Senior Unsecured Notes Due 2025 [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 300,000
Debt Instrument, Interest Rate, Stated Percentage	4.875%
Debt Instrument, Redemption Price, Percentage	102.438%
Payment for Debt Extinguishment or Debt Prepayment Cost		7,300	7,300
Write off of Deferred Debt Issuance Cost			3,000
Senior Notes [Member] | 4.125% Senior Unsecured Notes Due 2029
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 400,000
Debt Instrument, Interest Rate, Stated Percentage		4.125%
Debt Instrument, Maturity Date		Apr. 15, 2029
Payments of Financing Costs		$ 5,100
Debt Issuance Costs, Noncurrent, Net					$ 5,100
Percentage of principal that can be redeemed with cash proceeds from an equity offering		40%
Debt instrument redemption price with net proceeds from equity offering		104.125%
Debt Instrument, Redemption Price, Percentage		100%
Senior Notes [Member] | 4.125% Senior Unsecured Notes Due 2029 | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage		102.063%
Senior Notes [Member] | 4.125% Senior Unsecured Notes Due 2029 | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage		101.031%
Senior Notes [Member] | 4.125% Senior Unsecured Notes Due 2029 | Debt Instrument, Redemption, Period Four [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage		100%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Maturity Date		Mar. 29, 2026
Payments of Financing Costs		$ 1,100	1,100
Write off of Deferred Debt Issuance Cost			$ 200

Long-term Debt - Credit Agreeme

Long-term Debt - Credit Agreement (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Debt Instrument [Line Items]
Net leverage ratio	3
Debt financing and related expenses	$ 0	$ (10,520)	$ 0
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Incremental debt commitments capacity	200,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 300,000
Debt Instrument, Maturity Date	Mar. 29, 2026
Debt Instrument, Basis Spread on Variable Rate	1.50%
Payments of Financing Costs	$ 1,100	1,100
Write off of Deferred Debt Issuance Cost		200
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Capacity Available for Specific Purpose Other than for Trade Purchases	125,000
Revolving Credit Facility, Amount Outstanding	0	0
Revolving Credit Facility, Remaining Borrowing Capacity	293,900	300,000
Letters of credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	40,000
Letters of Credit Outstanding, Amount	$ 6,100	$ 0

Long-term Debt - Other Revolvin

Long-term Debt - Other Revolving Loan Facility (Details) - Revolving Credit Facility [Member] - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 300
Non-US [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	4
Revolving Credit Facility, Amount Outstanding	$ 0	$ 0

Long-term Debt - Long-term Debt

Long-term Debt - Long-term Debt Maturities (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Long-term Debt, Fiscal Year Maturity
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	$ 0
Long-term Debt, Maturities, Repayments of Principal in Year Two	0
Long-term Debt, Maturities, Repayments of Principal in Year Three	0
Long-term Debt, Maturities, Repayments of Principal in Year Four	0
Long-term Debt, Maturities, Repayments of Principal in Year Five	0
Long-term Debt, Maturities, Repayments of Principal after Year Five (Thereafter)	400,000
Long-term Debt	$ 400,000

Long-term Debt - Fair Value (De

Long-term Debt - Fair Value (Details) - 4.125% Senior Unsecured Notes Due 2029 - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Debt	$ 400,000	$ 400,000
Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Long-term Debt, Fair Value	$ 344,000	$ 399,000

Long-term Debt - Debt Issuance

Long-term Debt - Debt Issuance Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Debt issuance costs	$ (5,270)	$ (6,180)
Amortization of Debt Issuance Costs	$ 910	$ 960	$ 1,150

Derivative Instruments - Deriva

Derivative Instruments - Derivative Narrative (Details) - Designated as Hedging Instrument [Member] - Cross Currency Interest Rate Contract [Member] - Net Investment Hedging [Member] - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Dec. 31, 2022	Jul. 27, 2022
Derivative [Line Items]
Derivative, Cash Received on Hedge	$ 26.2
Maximum [Member]
Derivative [Line Items]
Derivative, Notional Amount		$ 150	$ 250
Derivative, Fixed Interest Rate		2.60%	2.90%
Minimum [Member]
Derivative [Line Items]
Derivative, Notional Amount		$ 75	$ 25
Derivative, Fixed Interest Rate		2.40%	0.80%

Derivative Instruments - Design

Derivative Instruments - Designated as hedging, Financial Position (Details) - Cross Currency Interest Rate Contract [Member] - Net Investment Hedging [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Other Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	$ 0	$ 7,590
Other long-term liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	$ (7,090)	$ 0

Derivative Instruments - Desi_2

Derivative Instruments - Designated as hedging, Financial Performance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated other comprehensive income (loss)	$ (8,620)	$ 230	$ (5,620)
Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer	12 months
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred	$ 0
Designated as Hedging Instrument [Member] | Cross Currency Interest Rate Contract [Member] | Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated other comprehensive income (loss)	15,320	5,910
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ 0	$ 0	$ 0

Derivative Instruments - Deri_2

Derivative Instruments - Derivatives not designated as hedging instruments (Details) - Not Designated as Hedging Instrument [Member] - Foreign Exchange Contract [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Derivative, Notional Amount	$ 127,200
Other income (expense), net
Derivative [Line Items]
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	$ 1,540	$ 7,130	$ (470)

Derivative Instruments - Fair V

Derivative Instruments - Fair Value Measurements (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Cross Currency Interest Rate Contract [Member] | Net Investment Hedging [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Instruments in Hedges, at Fair Value, Net		$ 7,590
Cross Currency Interest Rate Contract [Member] | Net Investment Hedging [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Instruments in Hedges, at Fair Value, Net	$ 0	0
Cross Currency Interest Rate Contract [Member] | Net Investment Hedging [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Instruments in Hedges, at Fair Value, Net	(7,090)	7,590
Cross Currency Interest Rate Contract [Member] | Net Investment Hedging [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Instruments in Hedges, at Fair Value, Net	0	0
Cross Currency Interest Rate Contract [Member] | Net Investment Hedging [Member] | Cross Currency Interest Rate Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Instruments in Hedges, at Fair Value, Net	(7,090)
Foreign Exchange Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Derivatives Not Designated as Hedging Instruments at Fair Value, Net	(1,790)	(110)
Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Derivatives Not Designated as Hedging Instruments at Fair Value, Net	0	0
Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Derivatives Not Designated as Hedging Instruments at Fair Value, Net	(1,790)	(110)
Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Derivatives Not Designated as Hedging Instruments at Fair Value, Net	$ 0	$ 0

Leases Lease Costs (Details)

Leases Lease Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating Lease, Cost	$ 10,560	$ 8,510	$ 7,870
Short-term, variable and other lease costs	3,350	2,460	1,540
Lease, Cost	$ 13,910	$ 10,970	$ 9,410

Leases Operating Lease Liabilit

Leases Operating Lease Liability Maturity Table (Details) $ in Thousands	Dec. 31, 2022 USD ($)	[1]
Leases [Abstract]
Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months	$ 9,970
Lessee, Operating Lease, Liability, Payments, Due Year Two	9,130
Lessee, Operating Lease, Liability, Payments, Due Year Three	7,830
Lessee, Operating Lease, Liability, Payments, Due Year Four	7,730
Lessee, Operating Lease, Liability, Payments, Due Year Five	6,650
Lessee, Operating Lease, Liability, Payments, Due after Year Five	14,220
Lessee, Operating Lease, Liability, Payments, Due	55,530
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(6,240)
Operating Lease, Liability	$ 49,290
[1] (a) The maturity table excludes cash flows associated with exited lease facilities. Liabilities for exited lease facilities are included in accrued liabilities and other long-term liabilities in the accompanying consolidated balance sheet.

Leases Supplemental Balance She

Leases Supplemental Balance Sheet Information Related to Leases (Details)	Dec. 31, 2022 Rate
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	6 years 8 months 12 days
Operating Lease, Weighted Average Discount Rate, Percent	3.70%

Leases Supplemental Cash Flow I

Leases Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating Lease, Payments	$ 9.9	$ 7.9	$ 7.9
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 5.8	$ 19.6

Other Long-term Liabilities (De

Other Long-term Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Asbestos-related liability, noncurrent	$ 26,370	$ 25,210
Other long-term liabilities other than asbestos liability	29,970	33,820
Other long-term liabilities	$ 56,340	$ 59,030

Commitments and Contingencies -

Commitments and Contingencies - Asbestos Narrative (Details) - Asbestos [Member] $ in Millions	12 Months Ended				384 Months Ended
	Dec. 31, 2022 USD ($) claimants cases	Dec. 31, 2021 USD ($) claimants	Dec. 31, 2020 USD ($) claimants	Dec. 31, 2018	Dec. 31, 2022 USD ($) claimants cases	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2019 claimants
Loss Contingencies [Line Items]
Number of pending cases | cases	426				426
Number of pending claims | claimants	4,798	4,754	4,655		4,798			4,759
Number of pending claims seeking specific amounts of damages | claimants	45				45
Total settlement costs					$ 12.5
Percentage of settlement and defense costs covered by insurance				40%
Liabilities Subject to Compromise, Asbestos Obligations	$ 29.1				$ 29.1
Liability for Asbestos and Environmental Claims, Gross, Period Increase (Decrease)	$ 5.6	$ 1.5
Selling, General and Administrative Expenses [Member]
Loss Contingencies [Line Items]
Impact of change in accounting principle			$ 23.4
Minimum [Member]
Loss Contingencies [Line Items]
Liabilities Subject to Compromise, Asbestos Obligations						$ 29.6	$ 28.2
Maximum [Member]
Loss Contingencies [Line Items]
Liabilities Subject to Compromise, Asbestos Obligations						$ 39.5
Punitive Only Damages [Member] | Pending Litigation [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages | claimants	0				0

Commitments and Contingencies_2

Commitments and Contingencies - Asbestos Claimant and Settlement (Details) - Asbestos [Member]	12 Months Ended
	Dec. 31, 2022 USD ($) claimants	Dec. 31, 2021 USD ($) claimants	Dec. 31, 2020 USD ($) claimants	Dec. 31, 2019 claimants
Loss Contingencies [Line Items]
Number of pending claims filed during period	236	265	219
Number of pending claims dismissed during period	168	134	287
Number of pending claims settled during period	24	32	36
Number of pending claims	4,798	4,754	4,655	4,759
Average settlement amount per claim during period | $	$ 79,869	$ 16,819	$ 18,314
Total defense costs during period | $	$ 2,180,000	$ 1,950,000	$ 2,130,000

Commitments and Contingencies_3

Commitments and Contingencies - Asbestos Damages Sought (Details) - Asbestos [Member] $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) claimants
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages | claimants	45
Compensatory and Punitive Damages [Member] | Range 1 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 0
Compensatory and Punitive Damages [Member] | Range 1 [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	0.6
Compensatory and Punitive Damages [Member] | Range 2 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	0.6
Compensatory and Punitive Damages [Member] | Range 2 [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	5
Compensatory and Punitive Damages [Member] | Range 3 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	5
Compensatory Only Damages [Member] | Range 1 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	0
Compensatory Only Damages [Member] | Range 1 [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	0.6
Compensatory Only Damages [Member] | Range 2 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	0.6
Compensatory Only Damages [Member] | Range 2 [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	5
Compensatory Only Damages [Member] | Range 3 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	5
Punitive Only Damages [Member] | Range 1 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	0
Punitive Only Damages [Member] | Range 1 [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	2.5
Punitive Only Damages [Member] | Range 2 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	2.5
Punitive Only Damages [Member] | Range 2 [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	5
Punitive Only Damages [Member] | Range 3 [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 5
Pending Litigation [Member] | Compensatory Only Damages [Member] | Range 1 [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages | claimants	0
Pending Litigation [Member] | Compensatory Only Damages [Member] | Range 2 [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages | claimants	3
Pending Litigation [Member] | Compensatory Only Damages [Member] | Range 3 [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages | claimants	42
Pending Litigation [Member] | Punitive Only Damages [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages | claimants	0

Employee Benefit Plans Defined

Employee Benefit Plans Defined Contribution Plan (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Defined Contribution Plan, Cost	$ 3.7	$ 3.4	$ 3.4

Employee Benefit Plans Define_2

Employee Benefit Plans Defined Benefit Plan Narrative (Details) $ in Millions	Dec. 31, 2022 USD ($)
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan, Estimated Future Employer Contributions
Defined Benefit Plan, Estimated Future Employer Contributions in Next Fiscal Year	$ 1.2

Employee Benefit Plans - Net Pe

Employee Benefit Plans - Net Periodic Pension and Postretirement Benefit Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other income (expense), net	Other income (expense), net	Other income (expense), net
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other income (expense), net	Other income (expense), net	Other income (expense), net
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other income (expense), net	Other income (expense), net	Other income (expense), net
Pension Plans, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service costs	$ 690	$ 1,280	$ 1,230
Interest costs	890	800	930
Expected return on plan assets	(1,590)	(1,530)	(1,450)
Settlements and curtailments loss	150	0	0
Amortization of net (gain)/loss	570	910	890
Net periodic benefit cost (income)	710	$ 1,460	$ 1,600
Pension Plans, Defined Benefit [Member] | Foreign Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Settlements and curtailments loss	$ 200

Employee Benefit Plans Assumpti

Employee Benefit Plans Assumptions Used for U.S Defined Benefit Plans Table (Details) - United States	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate for obligations	5.24%	3.06%	2.79%
Discount rate for benefit costs	3.06%	2.79%	3.41%
Expected long-term rate of return on plan assets	6.13%	6.13%	6.13%

Employee Benefit Plans Assump_2

Employee Benefit Plans Assumptions Used for Non-U.S. Defined Pension Plans Table (Details) - Foreign Plan [Member]	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount rate for obligations	4.90%	2.10%	1.50%
Discount rate for benefit costs	2.10%	1.50%	2.10%
Rate of increase in compensation levels	4.80%	3.30%	2.80%
Expected long-term rate of return on plan assets	4.20%	3.90%	4.10%

Employee Benefit Plans Define_3

Employee Benefit Plans Defined Benefit Plan Change in Benefit Obligations and Plan Assets Table (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]		Other income (expense), net	Other income (expense), net	Other income (expense), net
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Defined Benefit Plan, Benefit Obligation		$ (37,560)	$ (40,830)
Service costs		(690)	(1,280)	$ (1,230)
Interest costs		(890)	(800)	(930)
Participant contributions		(10)	(50)
Actuarial gain (loss)	[1]	10,260	3,290
Benefit payments		1,310	1,840
Change in foreign currency		2,020	270
Defined Benefit Plan, Benefit Obligation		(25,560)	(37,560)	(40,830)
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets		38,130	36,060
Actual return on plan assets		(10,070)	2,060
Employer contributions		1,520	2,050
Participant contributions		10	50
Benefit payments		(1,310)	(1,840)
Change in foreign currency		(2,810)	(250)
Fair value of plan assets		25,470	38,130	$ 36,060
Defined Benefit Plan, Funded (Unfunded) Status of Plan [Abstract]
Funded Status at December 31		$ (90)	$ 570
[1]The actuarial gain for the year ended December 31, 2022 was primarily due to an increase in the discount rate utilized in measuring the projected benefit obligations, partially offset by experience losses. The actuarial gain for the year ended December 31, 2021 was primarily due to an increase in the discount rate utilized in measuring the projected benefit obligations as well as other assumptions and experience gains.

Employee Benefit Plans Amounts

Employee Benefit Plans Amounts Recognized on Balance Sheet Table (Details) - Pension Plans, Defined Benefit [Member] - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Assets for Plan Benefits, Defined Benefit Plan	$ 4,860	$ 7,740
Defined Benefit Plan, Amounts Recognized in Balance Sheet
Current liabilities	(310)	(300)
Noncurrent liabilities	(4,640)	(6,870)
Net asset (liability) recognized at December 31	$ (90)	$ 570

Employee Benefit Plans Amount_2

Employee Benefit Plans Amounts Recognized in Accumulated Other Comprehensive Income (Loss) (Details) - Pension Plans, Defined Benefit [Member] - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), after Tax
Unrecognized prior service cost	$ 160	$ 310
Unrecognized net loss/(gain)	7,370	6,550
Total accumulated other comprehensive income (loss) recognized at December 31	$ 7,530	$ 6,860

Employee Benefit Plans Plans wi

Employee Benefit Plans Plans with Benefit Obligations in Excess of Assets Table (Details) - Pension Plans, Defined Benefit [Member] - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Accumulated Benefit Obligation	$ (25,400)	$ (35,970)
Defined Benefit Plan, Benefit Obligation	(25,560)	(37,560)	$ (40,830)
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Accumulated Benefit Obligation	(13,000)	(16,630)
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, PBO	(13,170)	(16,780)
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Plan Assets	8,220	9,610
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Plan Assets	$ 8,220	$ 9,610

Employee Benefit Plans Effect o

Employee Benefit Plans Effect of Change in Discount Rate and Expected Return on Plan Assets Table (Details) - Pension Plans, Defined Benefit [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Effect of Twenty-Five Basis Point Change in Discount Rate
Effect of Twenty-Five Basis Point Increase in Discount Rate on Benefit Obligation	$ (810)
Effect of Twenty-Five Basis Point Decrease in Discount Rate on Benefit Obligation	860
Effect of Twenty-Five Basis Point Increase in Discount Rate on Expense	(60)
Effect of Twenty-Five Basis Point Decrease in Discount Rate on Expense	60
Effect of Fifty Basis Point Change in Expected Return on Plan Assets
Effect of Fifty Basis Point Increase in Expected Return on Plan Assets on Expense	(160)
Effect of Fifty Basis Point Decrease in Expected Return on Plan Assets on Expense	$ 160

Employee Benefit Plans Weighted

Employee Benefit Plans Weighted Average Asset Allocation by Pension Plan (Details)		Dec. 31, 2022	Dec. 31, 2021
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage		100%	100%
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage		100%
Foreign Plan [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage		14%	34%
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage		12%
Foreign Plan [Member] | Fixed Income Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage		66%	44%
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage		70%
Foreign Plan [Member] | Balanced Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	[1]	19%	22%
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	[1]	18%
Foreign Plan [Member] | Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage		1%	0%
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage		0%
United States
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage		100%	100%
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage		100%
United States | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage		60%	62%
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage		60%
United States | Fixed Income Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage		37%	37%
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage		36%
United States | Balanced Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	[1]	0%	0%
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	[1]	0%
United States | Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage		3%	1%
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage		4%
[1]Diversified growth funds invest in a broad range of asset classes including equities, investment grade and high yield bonds, commodities, property, private equity, infrastructure and currencies.

Employee Benefit Plans Pension

Employee Benefit Plans Pension Plan Assets Fair Value Hierarchy Table (Details) - Pension Plans, Defined Benefit [Member] - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets		$ 25,470	$ 38,130	$ 36,060
Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets		8,060
Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets		0
Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets		0
Fixed Income Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets Not Subject to Leveling	[1]	11,410
Defined Benefit Plan, Fair Value of Plan Assets Subject to Leveling		3,030
Fixed Income Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets Subject to Leveling		3,030
Fixed Income Funds [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets Subject to Leveling		0
Fixed Income Funds [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets Subject to Leveling		0
Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets Not Subject to Leveling	[1]	320
Defined Benefit Plan, Fair Value of Plan Assets Subject to Leveling		160
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets Subject to Leveling		160
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets Subject to Leveling		0
Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets Subject to Leveling		0
Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets Not Subject to Leveling	[1]	2,350
Defined Benefit Plan, Fair Value of Plan Assets Subject to Leveling		4,870
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets Subject to Leveling		4,870
Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets Subject to Leveling		0
Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets Subject to Leveling		0
Balanced Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Fair Value of Plan Assets Not Subject to Leveling	[1]	$ 3,330
[1]Certain investments that are measured at fair value using the net asset value per share as a practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amount presented in the fair value of plan assets.

Employee Benefit Plans Future B

Employee Benefit Plans Future Benefit Payments Table (Details) - Pension Plans, Defined Benefit [Member] $ in Thousands	Dec. 31, 2022 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Expected Future Benefit Payments, Next Twelve Months	$ 1,220
Expected Future Benefit Payments, Year Two	1,240
Expected Future Benefit Payments, Year Three	1,310
Expected Future Benefit Payments, Year Four	1,340
Expected Future Benefit Payments, Year Five	1,420
Expected Future Benefit Payments, Five Fiscal Years Thereafter	$ 8,410

Equity Awards - Equity Awards N

Equity Awards - Equity Awards Narrative (Details)	Dec. 31, 2022 shares
2017 Equity and Incentive Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Approved for Issuance	2,000,000
Director Retainer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Approved for Issuance	100,000

Equity Awards - Restricted Shar

Equity Awards - Restricted Shares Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Shares Granted	317,924
Unrecognized Compensation Cost	$ 6.2
Period for Recognition of Share-based Compensation Cost Not yet Recognized	1 year 7 months 6 days
Restricted shares-based compensation expense	$ 9.8	$ 9.5	$ 8.2
Restricted Shares [Member] | Non-employee independent director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares issued related to director fee deferrals	337	1,792	3,673
Service-based restriced shares [Member] | Dividend Declared
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Shares Granted	260	49
Plan 1 [Member] | Service-based restriced shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Shares Granted	209,617	131,198	190,650
Award requisite service period	3 years
Plan 2 [Member] | Service-based restriced shares [Member] | Non-employee independent director [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Shares Granted	22,554	21,112	30,590
Award requisite service period	1 year
Plan 3 [Member] | Performance-based restriced shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Shares Granted	85,156
Award requisite service period	3 years
Risk-Free Interest Rate	1.88%
Expected Volatility	36.50%
Plan 5 [Member] | Performance-based restriced shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Shares Granted		72,962
Plan 6 [Member] | Performance-based restriced shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Shares Granted			113,146
Plan 7 [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Shares Granted			31,816
Award requisite service period			3 years
Plan 8 [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Shares Granted			2,558
Award requisite service period			1 year
Plan 9 [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Shares Granted			87,034
Award requisite service period			3 years
Risk-Free Interest Rate			0.85%
Expected Volatility			25.20%
3 year EPS CAGR metric [Member] | Minimum [Member] | Plan 3 [Member] | Performance-based restriced shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Amount of shares earned % of target award	0%
3 year EPS CAGR metric [Member] | Maximum [Member] | Plan 3 [Member] | Performance-based restriced shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award percentage earned based on metric over the performance period	50%
Amount of shares earned % of target award	200%
Total shareholder return metric [Member] | Plan 4 [Member] | Performance-based restriced shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Shares Granted	24,975
Share-based Compensation Arrangement by Share-based Payment Award, Award percentage attained		65.40%
Total shareholder return metric [Member] | Maximum [Member] | Plan 3 [Member] | Performance-based restriced shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award percentage earned based on metric over the performance period	50%
Average stock price [Member] | Minimum [Member] | Plan 9 [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Amount of shares earned % of target award			0%
Average stock price [Member] | Maximum [Member] | Plan 9 [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Amount of shares earned % of target award			160%

Equity Awards - Restricted Sh_2

Equity Awards - Restricted Shares Activity Table (Details) - Restricted Shares [Member]	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of Unvested Restricted Shares Outstanding, beginning balance | shares	673,732
Number of Unvested Restricted Shares Granted | shares	317,924
Number of Unvested Restricted Shares Vested | shares	(231,170)
Number of Unvested Restricted Shares Cancelled | shares	(41,037)
Number of Unvested Restricted Shares Outstanding, ending balance | shares	719,449
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Unvested Restricted Shares Outstanding, Weighted Average Grant Date Fair Value, beginning	$ 27.38
Unvested Restricted Shares Granted, Weighted Average Grant Date Fair Value	32.87
Unvested Restricted Shares Vested, Weighted Average Grant Date Fair Value	30.34
Unvested Restricted Shares Cancelled, Weighted Average Grant Date Fair Value	35.25
Unvested Restricted Shares Outstanding, Weighted Average Grant Date Fair Value, ending	$ 28.40
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures
Restricted Shares Average Remaining Contractual Life (Years)	10 months 24 days
Restricted Shares Aggregate Intrinsic Value	$ 19,957,515

Earnings per Share Earnings p_3

Earnings per Share Earnings per Share (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Weighted average common shares—basic	42,249,244	43,006,922	43,581,232
Weighted average common shares—diluted	42,478,015	43,281,076	43,581,232
Restricted Shares [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Incremental common shares attributable to dilutive effect of share-based payment arrangements	228,771	261,858	0
Stock Options [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Incremental common shares attributable to dilutive effect of share-based payment arrangements	0	12,296	0

Earnings per Share Purchase of

Earnings per Share Purchase of Common Stock (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Nov. 30, 2015
Stock Repurchased and Retired During Period, Value	$ 36,920,000	$ 19,090,000	$ 39,420,000
10b5-1 share repurchase program [Member]
Stock Repurchase Program, Authorized Amount	$ 250,000,000			$ 50,000,000
Stock Repurchased and Retired During Period, Shares	1,264,088	596,084	1,582,049
Stock Repurchased and Retired During Period, Value	$ 36,900,000	$ 19,100,000	$ 39,400,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 105,700,000

Earnings per Share Dividends (D

Earnings per Share Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Common Stock, Dividends, Per Share, Cash Paid	$ 0.04
Dividends, Common Stock, Cash	$ 6,880	$ 1,740

Other Comprehensive Income (Det

Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, at beginning of year	$ 230		$ (5,620)
Net unrealized gains (losses) arising during the period	(9,370)		5,210
Less: Net realized gains reclassified to net income	(520)		(640)
Total other comprehensive income (loss)	(8,850)		5,850		$ 380
Balance, at end of year	(8,620)		230		(5,620)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, Tax	(300)		800
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, Tax	200		200
Cross Currency Interest Rate Contract [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Other Comprehensive Income (Loss), Tax	3,200		3,100
Defined Benefit Plans
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, at beginning of year	(4,830)		(8,620)
Net unrealized gains (losses) arising during the period	(1,070)	[1]	3,150	[2]
Less: Net realized gains reclassified to net income	(520)	[3]	(640)	[4]
Total other comprehensive income (loss)	(550)		3,790
Balance, at end of year	(5,380)		(4,830)		(8,620)
Derivative Instruments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, at beginning of year	5,910		(3,580)
Net unrealized gains (losses) arising during the period	9,410	[1]	9,490	[2]
Less: Net realized gains reclassified to net income	0		0
Total other comprehensive income (loss)	9,410		9,490
Balance, at end of year	15,320		5,910		(3,580)
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance, at beginning of year	(850)		6,580
Net unrealized gains (losses) arising during the period	(17,710)		(7,430)
Less: Net realized gains reclassified to net income	0		0
Total other comprehensive income (loss)	(17,710)		(7,430)
Balance, at end of year	(18,560)		(850)		6,580
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Total other comprehensive income (loss)	$ (8,850)		$ 5,850		$ 380
[1] Defined benefit plans, net of income tax of $0.3 million. See Note 17, " Employee Benefit Plans ," for additional details. Derivative instruments, net of income tax of $3.2 million. See Note 13, " Derivative Instruments ," for further details. Employee Benefit Plans ," for additional details. Derivative instruments, net of income tax expense of $3.1 million. See Note 13, " Derivative Instruments ," for further details. Defined benefit plans, net of income tax of $0.2 million. See Note 17, " Employee Benefit Plans Defined benefit plans, net of income tax of $0.2 million. See Note 17, "Employee Benefit Plans,"

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022		Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net sales	$ 883,830		$ 857,110	$ 769,970
Operating Profit (loss)	99,060		95,090	(88,290)
Capital Expenditures	45,960		45,060	40,480
Depreciation and Amortization	53,220		53,450	49,770
Assets	1,305,000		1,303,640	1,193,880
Net gain (loss) on dispositions of assets	21,950		(130)	(1,290)
Proceeds from Sale of Property, Plant, and Equipment	23,300
Packaging [Member]
Segment Reporting Information [Line Items]
Net sales	522,180		533,260	488,340
Operating Profit (loss)	81,000		96,490	93,990
Capital Expenditures	33,170		34,080	30,730
Depreciation and Amortization	29,340		30,500	27,600
Assets	776,550		739,920	721,440
Aerospace [Member]
Segment Reporting Information [Line Items]
Net sales	188,090		183,340	167,740
Operating Profit (loss)	8,060	[1]	13,270	(133,440)
Capital Expenditures	6,900		5,390	5,770
Depreciation and Amortization	19,620		18,700	18,130
Assets	347,720		353,800	348,190
Net gain (loss) on dispositions of assets	4,800
Specialty Products [Member]
Segment Reporting Information [Line Items]
Net sales	173,560		140,510	113,890
Operating Profit (loss)	30,250		22,550	4,350
Capital Expenditures	5,860		5,500	3,890
Depreciation and Amortization	4,130		4,120	3,910
Assets	86,290		73,260	65,520
Corporate [Member]
Segment Reporting Information [Line Items]
Operating Profit (loss)	(20,250)	[2]	(37,220)	(53,190)
Capital Expenditures	30		90	90
Depreciation and Amortization	130		130	130
Assets	94,440		$ 136,660	$ 58,730
Net gain (loss) on dispositions of assets	$ 17,600
[1]In 2022, the Company completed the sale of vacant land adjacent to the Company's Tolleson, Arizona, manufacturing facility for net proceeds of $5.0 million, and recognized a $4.8 million gain on the sale, which is included within the Aerospace segment.[2]In 2022, the Company sold a non-core facility in City of Industry, California, for net proceeds of $23.3 million, and recognized a $17.6 million gain on the sale, which is included in Corporate operating loss for 2022 and included within net gain (loss) on disposition of assets in the accompanying consolidated statement of operations.

Segment Information Revenues an

Segment Information Revenues and Operating Net Assets by Geographical Areas (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 883,830	$ 857,110	$ 769,970
Long-lived Assets	805,670	777,850	763,230
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	139,780	160,650	116,350
Long-lived Assets	192,600	209,380	225,120
Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	35,260	41,310	46,350
Long-lived Assets	29,720	37,080	41,140
Other Americas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	18,040	15,290	11,740
Long-lived Assets	41,840	42,000	19,510
Non-US [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	193,080	217,250	174,440
Long-lived Assets	264,160	288,460	285,770
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	690,750	639,860	595,530
Long-lived Assets	$ 541,510	$ 489,390	$ 477,460

Segment Information Narrative (

Segment Information Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting [Abstract]
Export Sales from the United States of America	$ 74.5	$ 80.6	$ 70

Income Taxes Income Tax by Juri

Income Taxes Income Tax by Jurisdiction (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
Income (Loss) from Continuing Operations before Income Taxes, Domestic	$ 56,750	$ 28,380	$ (134,630)
Income (Loss) from Continuing Operations before Income Taxes, Foreign	30,920	40,730	31,920
Income (loss) before income taxes	87,670	69,110	(102,710)
Current Federal Tax Expense (Benefit)	13,300	940	200
Current State and Local Tax Expense (Benefit)	3,470	530	810
Current Foreign Tax Expense (Benefit)	6,170	8,840	7,750
Current Income Tax Expense (Benefit)	22,940	10,310	8,760
Deferred Federal Income Tax Expense (Benefit)	(1,780)	5,450	(16,900)
Deferred State and Local Income Tax Expense (Benefit)	50	670	(4,430)
Deferred Foreign Income Tax Expense (Benefit)	290	(4,630)	(10,380)
Deferred Income Tax Expense (Benefit)	(1,440)	1,490	(31,710)
Income Tax Expense (Benefit), Continuing Operations	$ 21,500	$ 11,800	$ (22,950)

Income Taxes Components of Defe

Income Taxes Components of Deferred Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2022		Dec. 31, 2021
Components of Deferred Tax Assets
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Allowance for Doubtful Accounts	$ 1,290		$ 950
Deferred Tax Assets, Inventory	5,640		5,330
Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Other	14,580		15,320
Deferred Tax Assets, Operating lease liability	12,670		13,440
Deferred Tax Assets, Research And Experimentation	4,130	[1]	0
Deferred Tax Assets, Operating Loss and Credit Carryforwards	27,310		30,690
Deferred Tax Assets, Other	110		340
Deferred Tax Assets, Gross	65,730		66,070
Deferred Tax Assets, Valuation Allowance	(17,180)		(19,960)
Deferred Tax Assets, Net of Valuation Allowance	48,550		46,110
Components of Deferred Tax Liabilities
Deferred Tax Liabilities, Property, Plant and Equipment	(25,100)		(23,920)
Deferred Tax Liabilities, Right of Use Asset	(12,170)		(13,130)
Deferred Tax Liabilities, Goodwill and Intangible Assets	(22,050)		(20,160)
Deferred Tax Liabilities, Investment in Foreign Affiliates, Including Withholding Tax	(770)		(420)
Deferred Tax Liabilities, Gross	(60,090)		(57,630)
Deferred Tax Liabilities, Net	(11,540)		(11,520)
Valuation Allowance [Line Items]
Deferred Tax Assets, Research And Experimentation	$ 4,130	[1]	$ 0
[1]Effective for tax years beginning after December 31, 2021, research and experimentation expenditures are to be capitalized and amortized for tax-purposes as part of the Tax Cuts and Jobs Act of 2017.

Income Taxes Income Tax Expense

Income Taxes Income Tax Expense Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Expense (Benefit), Continuing Operations, Income Tax Reconciliation
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%	21%	21%
Income Tax Reconciliation, Income Tax Expense (Benefit), at Federal Statutory Income Tax Rate	$ 18,380	$ 14,550	$ (21,570)
Income Tax Reconciliation, State and Local Income Taxes	2,790	960	(2,850)
Income Tax Reconciliation, Foreign Income Tax Rate Differential	1,150	(1,690)	(1,500)
Income Tax Reconciliation, Tax Contingencies	(600)	(550)	(920)
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Impairment Losses, Amount	0	0	13,430
Effective Income Tax Rate Reconciliation, Tax Credit, Research, Amount	(1,260)	(5,060)	(2,130)
Income Tax Reconciliation, Change in Deferred Tax Assets Valuation Allowance	340	2,100	(6,390)
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Payment Arrangement, Amount	990	2,280	260
Income Tax Reconciliation, Other Adjustments	(290)	(790)	(1,280)
Income Tax Expense (Benefit), Continuing Operations	$ 21,500	$ 11,800	(22,950)
Foreign Tax Authority [Member]
Valuation Allowance [Line Items]
Other Tax Expense (Benefit)			$ (6,400)

Income Taxes Operating Loss Car

Income Taxes Operating Loss Carryforwards Narrative (Details) $ in Millions	Dec. 31, 2022 USD ($)
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	$ 21.3
Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	$ 54.3

Income Taxes Unrecognized Tax B

Income Taxes Unrecognized Tax Benefits Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Contingency [Line Items]
Unrecognized Tax Benefits	$ 1,110	$ 1,250	$ 1,640
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	1,100	1,100
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 800	$ 800

Income Taxes Unrecognized Tax_2

Income Taxes Unrecognized Tax Benefits Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized Tax Benefits, Beginning	$ 1,250	$ 1,640
Unrecognized Tax Benefits, Increases Resulting from Current Period Tax Positions	140	130
Unrecognized Tax Benefits, Increases Resulting from Prior Period Tax Positions	0	20
Unrecognized Tax Benefits, Decreases Resulting from Prior Period Tax Positions	(50)	0
Unrecognized Tax Benefits, Decreases Resulting from Settlements with Taxing Authorities	0	0
Unrecognized Tax Benefits, Reductions Resulting from Lapse of Applicable Statute of Limitations	(230)	(540)
Unrecognized Tax Benefits, Ending	$ 1,110	$ 1,250

Summary Quarterly Financial Dat

Summary Quarterly Financial Data (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net sales	$ 883,830	$ 857,110	$ 769,970
Gross Profit	208,300	217,190	182,080
Net income (loss)	$ 66,170	$ 57,310	$ (79,760)
Basic earnings (loss) per share:
Net income (loss) per share	$ 1.57	$ 1.33	$ (1.83)
Weighted average shares—basic	42,249,244	43,006,922	43,581,232
Diluted earnings (loss) per share:
Net income (loss) per share	$ 1.56	$ 1.32	$ (1.83)
Weighted average shares—diluted	42,478,015	43,281,076	43,581,232

Subsequent Events Subsequent _2

Subsequent Events Subsequent Events - Acqusition (Details) - Subsequent Event [Member] € in Millions, $ in Millions	Feb. 23, 2023 USD ($)	Feb. 01, 2023 EUR (€)
Aarts Packaging B.V. [Member]
Subsequent Event [Line Items]
Purchase price based on definitive sales agreement		€ 35
Subsequent Event, Date		Feb. 01, 2023
Business Acquisition, Revenue Reported by Acquired Entity for Last Annual Period		€ 23
Weldmac Manufacturing [Member]
Subsequent Event [Line Items]
Purchase price based on definitive sales agreement | $	$ 33
Subsequent Event, Date	Feb. 23, 2023

Dividends Declared (Details)

Dividends Declared (Details) - Subsequent Event [Member]	Feb. 16, 2023 $ / shares
Subsequent Event [Line Items]
Dividends Payable, Date Declared	Feb. 16, 2023
Dividends Payable, Amount Per Share	$ 0.04
Dividends Payable, Date to be Paid	Mar. 09, 2023
Dividends Payable, Date of Record	Mar. 02, 2023

SEC Schedule, Article 12-09, _2

SEC Schedule, Article 12-09, Valuation and Qualifying Accounts (Details) - SEC Schedule, 12-09, Allowance, Credit Loss - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount	$ 1,730	$ 1,570	$ 2,120	$ 2,060
SEC Schedule, 12-09, Valuation Allowances and Reserves, Additions, Charge to Cost and Expense	1,480	830	2,080
SEC Schedule, 12-09, Valuation Allowances and Reserves, Additions, Charge to Other Account	80	190	100
SEC Schedule, 12-09, Valuation Allowances and Reserves, Deduction	$ 1,400	$ 1,570	$ 2,120