TriMas (TRS) 10-Q 30 Jul 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2024	Jul. 23, 2024
Entity Information [Line Items]
Entity Incorporation, State or Country Code	DE
Title of 12(b) Security	Common stock, $0.01 par value
Document Transition Report	false
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Local Phone Number	631-5450
City Area Code	248
Entity Address, Postal Zip Code	48304
Entity Address, State or Province	MI
Entity Address, City or Town	Bloomfield Hills
Entity Address, Address Line Two	Suite 200
Entity Address, Address Line One	38505 Woodward Avenue
Entity File Number	001-10716
Entity Shell Company	false
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity Registrant Name	TRIMAS CORPORATION
Entity Central Index Key	0000842633
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		40,647,264
Entity Small Business	false
Entity Emerging Growth Company	false
Trading Symbol	TRS
Security Exchange Name	NASDAQ
Entity Tax Identification Number	38-2687639

Consolidated Balance Sheet Stat

Consolidated Balance Sheet Statement - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 35,010	$ 34,890
Receivables, net of reserves of $5.0 million and $4.2 million as of June 30, 2024 and December 31, 2023, respectively	169,660	148,030
Inventories	208,620	192,450
Prepaid expenses and other current assets	25,610	22,010
Total current assets	438,900	397,380
Property and equipment, net	328,830	329,990
Operating lease right-of-use assets	39,700	43,220
Goodwill	360,370	363,770
Other intangibles, net	171,220	181,020
Deferred income taxes	10,870	10,230
Other assets	15,950	16,050
Total assets	1,365,840	1,341,660
Current liabilities:
Accounts payable	90,650	91,910
Accrued liabilities	57,150	59,640
Lease liabilities, current portion	7,890	7,900
Total current liabilities	155,690	159,450
Long-term debt, net	427,360	395,660
Lease liabilities	36,070	39,690
Deferred income taxes	26,950	23,290
Other long-term liabilities	43,840	40,620
Total liabilities	689,910	658,710
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: 40,656,370 shares at June 30, 2024 and 41,202,110 shares at December 31, 2023	410	410
Paid-in capital	665,790	677,660
Accumulated deficit	16,870	4,230
Accumulated other comprehensive income (loss)	(7,140)	650
Total shareholders' equity	675,930	682,950
Total liabilities and shareholders' equity	$ 1,365,840	$ 1,341,660

Consolidated Balance Sheet Pare

Consolidated Balance Sheet Parentheticals - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Receivables, reserves (in dollars)	$ 5	$ 4.2
Stockholders' Equity:
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, Authorized shares	100,000,000	100,000,000
Preferred stock, Issued Shares	0	0
Preferred stock, outstanding Shares	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, Authorized shares	400,000,000	400,000,000
Common Stock, Issued Shares	40,656,370	41,202,110
Common Stock, outstanding Shares	40,656,370	41,202,110

Consolidated Statement of Incom

Consolidated Statement of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net sales	$ 240,500	$ 233,190	$ 467,600	$ 448,650
Cost of sales	(186,490)	(178,660)	(360,880)	(346,430)
Gross profit	54,010	54,530	106,720	102,220
Selling, general and administrative expenses	(36,160)	(34,470)	(76,430)	(72,170)
Operating profit	17,850	20,060	30,290	30,050
Other expense, net:
Interest expense	(5,220)	(3,970)	(10,150)	(7,670)
Other income (expense), net	40	160	(280)	90
Other expense, net	(5,180)	(3,810)	(10,430)	(7,580)
Income before income tax expense	12,670	16,250	19,860	22,470
Income tax expense	(1,730)	(5,230)	(3,780)	(6,540)
Net income	$ 10,940	$ 11,020	$ 16,080	$ 15,930
Basic earnings per share
Net income per share	$ 0.27	$ 0.27	$ 0.39	$ 0.38
Weighted average common shares—basic	40,699,287	41,462,452	40,858,668	41,503,039
Diluted earnings per share
Net income per share	$ 0.27	$ 0.26	$ 0.39	$ 0.38
Weighted average common shares—diluted	40,999,038	41,645,184	41,160,526	41,723,611

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 10,940	$ 11,020	$ 16,080	$ 15,930
Other comprehensive income (loss)
Defined benefit plans	30	750	50	770
Foreign currency translation	(5,440)	4,130	(8,950)	9,420
Derivative instruments	520	(890)	1,110	(2,750)
Total other comprehensive income (loss)	(4,890)	3,990	(7,790)	7,440
Total comprehensive income	$ 6,050	$ 15,010	$ 8,290	$ 23,370

Consolidated Statement of Cash

Consolidated Statement of Cash Flows Statement - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities:
Net income	$ 16,080	$ 15,930
Adjustments to reconcile income to net cash provided by operating activities, net of acquisition impact:
Loss on dispositions of assets	0	50
Depreciation	20,000	20,540
Amortization of intangible assets	8,430	9,200
Amortization of debt issue costs	480	460
Deferred income taxes	2,840	3,420
Non-cash compensation expense	6,420	6,180
Provision for losses on accounts receivable	860	0
Increase in receivables	(24,650)	(20,050)
(Increase) decrease in inventories	(18,310)	2,500
(Increase) decrease in prepaid expenses and other assets	(400)	1,210
Decrease in accounts payable and accrued liabilities	(1,210)	(14,060)
Other operating activities	4,130	810
Net cash provided by operating activities, net of acquisition impact	14,670	26,190
Cash Flows from Investing Activities:
Capital expenditures	(24,110)	(24,930)
Acquisition of businesses, net of cash acquired	0	(71,840)
Cross-currency swap terminations	(3,760)	0
Settlement of foreign currency exchange forward contract	3,760	0
Net proceeds from disposition of property and equipment	230	250
Net cash used for investing activities	(23,880)	(96,520)
Cash Flows from Financing Activities:
Proceeds from borrowings on revolving credit facilities	153,530	59,410
Repayments of borrowings on revolving credit facilities	(122,230)	(37,180)
Payments to purchase common stock	(16,850)	(13,090)
Shares surrendered upon exercise and vesting of equity awards to cover taxes	(1,560)	(2,590)
Dividends paid	(3,320)	(3,340)
Other financing activities	(240)	(3,070)
Net cash provided by financing activities	9,330	140
Decrease for the period	120	(70,190)
At beginning of period	34,890	112,090
At end of period	35,010	41,900
Supplemental disclosure of cash flow information:
Cash paid for interest	8,940	7,050
Cash paid for taxes	$ 5,470	$ 8,120

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, 2022	$ 651,830	$ 420	$ 696,160	$ (36,130)	$ (8,620)
Net income	4,910			4,910
Other comprehensive income (loss)	3,450				3,450
Purchase of common stock	(10,400)	0	(10,400)
Shares surrendered upon exercise and vesting of equity awards to cover taxes	(2,310)		(2,310)
Non-cash compensation expense	2,940		2,940
Dividends declared	(1,660)		(1,660)
Balances at Mar. 31, 2023	648,760	420	684,730	(31,220)	(5,170)
Balances at Dec. 31, 2022	651,830	420	696,160	(36,130)	(8,620)
Net income	15,930
Other comprehensive income (loss)	7,440				7,440
Shares surrendered upon exercise and vesting of equity awards to cover taxes	(2,590)
Dividends declared	(3,300)
Balances at Jun. 30, 2023	662,360	410	683,330	(20,200)	(1,180)
Balances at Mar. 31, 2023	648,760	420	684,730	(31,220)	(5,170)
Net income	11,020			11,020
Other comprehensive income (loss)	3,990				3,990
Purchase of common stock	(2,690)	(10)	(2,680)
Shares surrendered upon exercise and vesting of equity awards to cover taxes	(280)		(280)
Non-cash compensation expense	3,240		3,240
Dividends declared	(1,680)		(1,680)
Balances at Jun. 30, 2023	662,360	410	683,330	(20,200)	(1,180)
Balances at Dec. 31, 2023	682,950	410	677,660	4,230	650
Net income	5,140			5,140
Other comprehensive income (loss)	(2,900)				(2,900)
Purchase of common stock	(13,320)	0	(13,240)	(80)
Shares surrendered upon exercise and vesting of equity awards to cover taxes	(1,560)		(1,560)
Non-cash compensation expense	4,570		4,570
Dividends declared	(1,660)		0	(1,660)
Balances at Mar. 31, 2024	673,220	410	667,430	7,630	(2,250)
Balances at Dec. 31, 2023	682,950	410	677,660	4,230	650
Net income	16,080
Other comprehensive income (loss)	(7,790)				(7,790)
Shares surrendered upon exercise and vesting of equity awards to cover taxes	(1,560)
Dividends declared	(3,300)
Balances at Jun. 30, 2024	675,930	410	665,790	16,870	(7,140)
Balances at Mar. 31, 2024	673,220	410	667,430	7,630	(2,250)
Net income	10,940			10,940
Other comprehensive income (loss)	(4,890)				(4,890)
Purchase of common stock	(3,530)	0	(3,490)	(40)
Non-cash compensation expense	1,850		1,850
Dividends declared	(1,660)		0	(1,660)
Balances at Jun. 30, 2024	$ 675,930	$ 410	$ 665,790	$ 16,870	$ (7,140)

Basis of Presentation (Notes)

Basis of Presentation (Notes)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation TriMas 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 accompanying consolidated financial statements include the accounts of the Company and its subsidiaries and, in the opinion of management, contain all adjustments, including adjustments of a normal and recurring nature, necessary for a fair presentation of financial position and results of operations. 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. To the extent there are differences between these estimates and actual results, the Company's consolidated financial statements may be materially affected. Results of operations for interim periods are not necessarily indicative of results for the full year. The accompanying consolidated financial statements and notes thereto should be read in conjunction with the Company's 2023 Annual Report on Form 10-K.

New Accounting Pronouncements (

New Accounting Pronouncements (Notes)	6 Months Ended
	Jun. 30, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Recently Issued Accounting Pronouncements In December 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures" ("ASU 2023-09"), which requires enhanced jurisdictional disclosures for income taxes paid and requires the use of specific categories in the effective tax rate reconciliation as well as additional information for reconciling items that meet a quantitative threshold. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is in the process of assessing the impact of adoption on its consolidated financial statements.

Revenue (Notes)

Revenue (Notes)	6 Months Ended
	Jun. 30, 2024
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): Three months ended June 30, Six months ended June 30, Customer Markets 2024 2023 2024 2023 Consumer Products $ 106,980 $ 96,220 $ 210,560 $ 191,510 Aerospace & Defense 77,720 59,800 145,060 109,790 Industrial 55,800 77,170 111,980 147,350 Total net sales $ 240,500 $ 233,190 $ 467,600 $ 448,650

Realignment Actions Realignment

Realignment Actions Realignment Actions (Notes)	6 Months Ended
	Jun. 30, 2024
Realignment Actions [Abstract]
Restructuring, Impairment, and Other Activities Disclosure [Text Block]	Realignment Actions 2023 Realignment Actions During the six months ended June 30, 2023, the Company incurred realignment charges in its Packaging segment, primarily related to the closure and consolidation of two manufacturing facilities located in China into one new, larger facility in the Haining region. In connection with these actions, the Company recorded pre-tax realignment charges of $3.7 million during the three and six months ended June 30, 2023, of which $2.2 million related to charges to accelerate the depreciation of certain fixed assets, $1.3 million related to employee separation costs and $0.2 million related to other facility move and consolidation costs. For the three and six months ended June 30, 2023, $3.3 million and $0.4 million of these charges were included in cost of sales and selling, general and administrative expenses, respectively, in the accompanying consolidated statement of income.

Acquisitions (Notes)

Acquisitions (Notes)	6 Months Ended
	Jun. 30, 2024
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Acquisitions 2023 Acquisitions On April 21, 2023, the Company acquired Weldmac Manufacturing Company ("Weldmac") for a purchase price of $34.0 million, with additional contingent consideration ranging from zero to $10 million based on achievement of earnings targets, as defined in the purchase agreement. The fair value of assets acquired and liabilities assumed included $23.7 million of property and equipment, $20.3 million of net working capital and $10 million of contingent consideration liability, with such estimate representing the Company's best estimate of fair value of contingent consideration based on Level 3 inputs under the fair value hierarchy, as defined. Located in El Cajon, California, and reported in the Company's Aerospace segment, Weldmac is a designer and manufacturer of complex metal fabricated components and assemblies predominantly for the aerospace, defense and space launch end markets and historically generated $33 million in annual revenue. On July 10, 2023, the Company made a cash payment of $5.5 million as additional consideration for the purchase of Weldmac based on achievement of earnings targets, as defined in the purchase agreement. The remaining possible contingent consideration ranges from zero to $4.5 million, based on achievement of 2023 earnings targets, as defined in the purchase agreement. The Company expects to resolve the remaining contingent consideration matter in third quarter 2024. On February 1, 2023, the Company acquired Aarts Packaging B.V. ("Aarts"), a luxury packaging solutions provider for beauty and lifestyle brands, as well as for customers in the food and life sciences end markets, for a purchase price of $37.8 million, net of cash acquired. The fair value of assets acquired and liabilities assumed included $20.4 million of goodwill, $10.9 million of intangible assets, $8.5 million of property and equipment, $7.4 million of net working capital, $3.9 million of net deferred tax liabilities and $5.5 million of other liabilities. Aarts, which is reported in the Company's Packaging segment, is located in Waalwijk, The Netherlands, and historically generated €23 million in annual revenue.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets (Notes)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill Changes in the carrying amount of goodwill for the six months ended June 30, 2024 are summarized as follows (dollars in thousands): Packaging Aerospace Specialty Products Total Balance, December 31, 2023 $ 287,350 $ 69,860 $ 6,560 $ 363,770 Foreign currency translation and other (3,170) (230) — (3,400) Balance, June 30, 2024 $ 284,180 $ 69,630 $ 6,560 $ 360,370 Other Intangible Assets The Company amortizes its other intangible assets over periods ranging from one to 30 years. The gross carrying amounts and accumulated amortization of the Company's other intangibles are summarized below (dollars in thousands): As of June 30, 2024 As of December 31, 2023 Intangible Category by Useful Life Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Finite-lived intangible assets: Customer relationships, 5 – 12 years $ 140,120 $ (92,270) $ 141,260 $ (89,020) Customer relationships, 15 – 25 years 129,590 (83,660) 129,830 (80,600) Total customer relationships 269,710 (175,930) 271,090 (169,620) Technology and other, 1 – 15 years 56,880 (43,230) 56,970 (41,850) Technology and other, 17 – 30 years 43,300 (40,900) 43,300 (40,730) Total technology and other 100,180 (84,130) 100,270 (82,580) Indefinite-lived intangible assets: Trademark/Trade names 61,390 — 61,860 — Total other intangible assets $ 431,280 $ (260,060) $ 433,220 $ (252,200) Amortization expense related to intangible assets as included in the accompanying consolidated statement of income is summarized as follows (dollars in thousands): Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Technology and other, included in cost of sales $ 870 $ 800 $ 1,660 $ 1,610 Customer relationships, included in selling, general and administrative expenses 3,350 3,810 6,770 7,590 Total amortization expense $ 4,220 $ 4,610 $ 8,430 $ 9,200

Inventories (Notes)

Inventories (Notes)	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following components (dollars in thousands): June 30, 2024 December 31, 2023 Finished goods $ 88,810 $ 82,300 Work in process 59,920 51,990 Raw materials 59,890 58,160 Total inventories $ 208,620 $ 192,450

Property and Equipment, Net (No

Property and Equipment, Net (Notes)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net Property and equipment consists of the following components (dollars in thousands): June 30, 2024 December 31, 2023 Land and land improvements $ 32,690 $ 32,840 Buildings 98,730 99,230 Machinery and equipment 511,640 502,090 643,060 634,160 Less: Accumulated depreciation 314,230 304,170 Property and equipment, net $ 328,830 $ 329,990 Depreciation expense as included in the accompanying consolidated statement of income is as follows (dollars in thousands): Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Depreciation expense, included in cost of sales $ 9,740 $ 11,510 $ 19,490 $ 20,070 Depreciation expense, included in selling, general and administrative expenses 280 270 510 470 Total depreciation expense $ 10,020 $ 11,780 $ 20,000 $ 20,540

Long-term Debt (Notes)

Long-term Debt (Notes)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Long-term debt	Long-term Debt The Company's long-term debt consists of the following (dollars in thousands): June 30, 2024 December 31, 2023 4.125% Senior Notes due April 2029 $ 400,000 $ 400,000 Credit Agreement 31,230 — Debt issuance costs (3,870) (4,340) Long-term debt, net $ 427,360 $ 395,660 Senior Notes In March 2021, the Company issued $400.0 million aggregate principal amount of 4.125% senior notes due April 15, 2029 ("Senior Notes") at par value in a private placement under Rule 144A of the Securities Act of 1933, as amended ("Securities Act"). The 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 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. The Company may redeem all or part of the 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 % Credit Agreement The Company is a party to a credit agreement ("Credit Agreement") consisting 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. The Credit Agreement is subject to benchmark interest rates determined based on the currency denomination of borrowings, with British pound sterling borrowings subject to the Sterling Overnight Index Average and Euro borrowings to the Euro InterBank Offered Rate, both plus a spread of 1.625%, and U.S. dollar borrowings subject to the Secured Overnight Financing Rate plus a spread of 1.725%. The interest rate spread is based upon the leverage ratio, as defined, as of the most recent determination date. The Company's revolving credit facility allows for the issuance of letters of credit, not to exceed $40.0 million in aggregate. 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. At June 30, 2024, the Company had $31.2 million outstanding under its revolving credit facility and had $262.8 million potentially available after giving effect to $6.0 million of letters of credit issued and outstanding. At December 31, 2023, the Company had no amounts outstanding under its revolving credit facility and had $294.0 million potentially available after giving effect to $6.0 million of letters of credit issued and outstanding. After consideration of leverage restrictions contained in the Credit Agreement, as of June 30, 2024 and December 31, 2023, the Company had $197.5 million and $256.9 million, respectively, of borrowing capacity available for general corporate purposes. 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, subject to certain exceptions and limitations, to 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 June 30, 2024, the Company was in compliance with its 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 June 30, 2024 and December 31, 2023. 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): June 30, 2024 December 31, 2023 Carrying Amount Fair Value Carrying Amount Fair Value 4.125% Senior Notes due April 2029 $ 400,000 $ 365,000 $ 400,000 $ 364,000 Revolving credit facility 31,230 31,230 — —

Derivative Instruments (Notes)

Derivative Instruments (Notes)	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments Derivatives Designated as Hedging Instruments The Company uses cross-currency swap contracts 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. In June 2024, the Company entered into a cross-currency swap agreement effective as of June 27, 2024, with a notional amount of $75.0 million and a contract period end date of October 15, 2027. Under the terms of the agreement, the Company is to receive net interest payments at a fixed rate of approximately 1.43% of the notional amount. At inception, the cross-currency swap was designated as a net investment hedge. In February 2024, the Company entered into a cross-currency swap agreement effective as of April 15, 2024, with a notional amount of $75.0 million and a contract period end date of April 15, 2029. Under the terms of the agreement, the Company is to receive net interest payments at a fixed rate of approximately 1.06% of the notional amount. At inception, the cross-currency swap was designated as a net investment hedge. At designation, the cross currency swap had an inception date non-zero fair value equal to a $4.9 million liability, which offset the inception date non-zero fair value of a $75.0 million foreign currency exchange forward contract entered into on the same date. The non-zero fair value of the cross currency swap was recognized in other income (expense), net in the consolidated statement of income during the six months ended June 30, 2024. In February 2024, immediately prior to entering into the new cross-currency swap agreement, the Company voluntarily discontinued hedge accounting for its existing cross-currency swap agreement, de-designating the swap as a net investment hedge. The de-designated agreement had a notional amount of $75.0 million and a contract period end date of April 15, 2024. Under the terms of the agreement, the Company received net interest payments at a fixed rate of approximately 2.4% of the notional amount. At contract settlement, the cross currency swap agreement had a fair value equal to a $3.8 million liability, which was offset by the settlement of the $75.0 million foreign currency exchange forward contract that ended on the same date, both of which were classified as an investing activity in the accompanying consolidated statement of cash flows. As of June 30, 2024 and December 31, 2023, 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 June 30, 2024 December 31, 2023 Net Investment Hedges Cross-currency swaps Accrued liabilities $ — $ (6,510) Cross-currency swaps Other long-term liabilities (5,320) — The following table summarizes the income recognized in accumulated other comprehensive income (loss) ("AOCI") on derivative contracts designated as hedging instruments as of June 30, 2024 and December 31, 2023, and the amounts reclassified from AOCI into earnings for the six months ended June 30, 2024 and 2023 (dollars in thousands): Amount of Income Recognized Amount of Income (Loss) Reclassified As of June 30, 2024 As of December 31, 2023 Location of Income (Loss) Reclassified from AOCI into Earnings (Effective Portion) Three months ended Six months ended 2024 2023 2024 2023 Net Investment Hedges Cross-currency swaps $ 14,370 $ 13,260 Other income (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 June 30, 2024, the Company was party to foreign currency exchange forward contracts to economically hedge changes in foreign currency rates with notional amounts of $139.5 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 September 2024. 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 income. The following table summarizes the effects of derivatives not designated as hedging instruments on the Company's consolidated statement of income (dollars in thousands): Amount of Income (Loss) Recognized in Three months ended Six months ended Location of Income (Loss) Recognized in Earnings on Derivatives 2024 2023 2024 2023 Derivatives not designated as hedging instruments Foreign exchange contracts Other income (expense), net $ 1,800 $ (50) $ 3,510 $ (810) Cross-currency swaps Other income (expense), net 1,110 — 810 — Fair Value of Derivatives The fair value of the Company's derivatives 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 June 30, 2024 and December 31, 2023 are shown below (dollars in thousands): Description Frequency Asset / (Liability) Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs June 30, 2024 Cross-currency swaps Recurring $ (5,320) $ — $ (5,320) $ — Foreign exchange contracts Recurring $ 110 $ — $ 110 $ — December 31, 2023 Cross-currency swaps Recurring $ (6,510) $ — $ (6,510) $ — Foreign exchange contracts Recurring $ (140) $ — $ (140) $ —

Leases (Notes)

Leases (Notes)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Lessee, Finance and Operating Leases	Leases The majority of the Company's lease obligations are non-cancelable operating leases for certain equipment and facilities. The Company's finance leases are for certain equipment as part of the Company's acquisition of Aarts. 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. Supplemental balance sheet information related to the Company's leases are shown below (dollars in thousands): Balance Sheet Location June 30, 2024 December 31, 2023 Assets Operating leases Operating lease right-of-use assets $ 39,700 $ 43,220 Finance leases Property and equipment, net (a) 2,300 2,470 Total lease assets $ 42,000 $ 45,690 Liabilities Current: Operating leases Lease liabilities, current portion $ 7,420 $ 7,410 Finance leases Lease liabilities, current portion 470 490 Long-term: Operating leases Lease liabilities 34,630 37,980 Finance leases Lease liabilities 1,440 1,710 Total lease liabilities $ 43,960 $ 47,590 __________________________ (a) Finance leases were recorded net of accumulated depreciation of $0.3 million and $0.2 million as of June 30, 2024 and December 31, 2023, respectively. The components of lease expense are as follows (dollars in thousands): Three months ended June 30, Six months ended June 30, Statement of Income Location 2024 2023 2024 2023 Operating lease cost Cost of sales and Selling, general and administrative expenses $ 2,560 $ 3,140 $ 4,840 $ 5,720 Finance lease cost: Depreciation of lease assets Cost of sales 50 60 110 100 Interest on lease liabilities Interest expense 20 20 30 30 Short-term, variable and other lease costs Cost of sales and Selling, general and administrative expenses 1,060 840 2,150 1,480 Total lease cost $ 3,690 $ 4,060 $ 7,130 $ 7,330 Maturities of lease liabilities are as follows (dollars in thousands): Year ended December 31, Operating Leases (a) Finance Leases (a) 2024 (excluding the six months ended June 30, 2024) $ 4,520 $ 260 2025 8,470 520 2026 8,740 590 2027 7,520 690 2028 5,580 — Thereafter 12,830 — Total lease payments 47,660 2,060 Less: Imputed interest (5,610) (150) Present value of lease liabilities $ 42,050 $ 1,910 __________________________ (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 information related to the Company's leases are as follows (dollars in thousands): Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 2,320 $ 2,630 $ 4,680 $ 5,220 Operating cash flows from finance leases 20 20 30 30 Financing cash flows from finance leases 120 120 240 200 Lease assets obtained in exchange for new lease liabilities: Operating leases 80 — 950 4,780 Finance leases — — — 2,620 The weighted-average remaining lease term of the Company's operating leases and finance leases as of June 30, 2024 is 6.1 years and 3.1 years, respectively. The weighted-average discount rate for the operating leases and finance leases as of June 30, 2024 is 4.1% and 2.6%, respectively.

Other Long-term Liabilities (No

Other Long-term Liabilities (Notes)	6 Months Ended
	Jun. 30, 2024
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): June 30, 2024 December 31, 2023 Non-current asbestos-related liabilities $ 22,540 $ 23,880 Other long-term liabilities 21,300 16,740 Total other long-term liabilities $ 43,840 $ 40,620

Commitments and Contingencies (

Commitments and Contingencies (Notes)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Asbestos As of June 30, 2024, the Company was a party to 474 pending cases involving an aggregate of 4,892 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 Six Months Ended June 30, 2024 4,863 129 80 20 4,892 $ 21,600 $ 886,000 Fiscal Year Ended December 31, 2023 4,798 261 160 36 4,863 $ 15,465 $ 1,920,000 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 its 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 4,892 claims pending at June 30, 2024, 36 set forth specific amounts of damages (other than those stating the statutory minimum or maximum). At June 30, 2024, of the 36 claims that set forth specific amounts, there were no claims 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 (dollars in millions) $0.0 to $0.6 $0.6 to $5.0 $5.0+ Number of claims — 4 32 Relatively few 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 30 years ago, have been $13.5 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. The Company records a liability for asbestos-related claims, which includes both known and unknown claims, 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. In the fourth quarter of 2022, the Company commissioned its actuary to update the 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 increased the liability estimate to $29.6 million, at the low-end of the range. As of June 30, 2024 and December 31, 2023, the Company’s total asbestos-related liability was $25.2 million and $26.6 million, respectively, 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.

Segment Information (Notes)

Segment Information (Notes)	6 Months Ended
	Jun. 30, 2024
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, Affaba & Ferrari, Taplast, Rapak, Plastic Srl, Aarts Packaging, Intertech and Omega brands. TriMas Packaging develops and manufactures a broad array of dispensing products (such as foaming pumps, lotion, hand soap 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 resistant caps, beverage closures, fragrance and cosmetic caps, 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, Martinic Engineering and Weldmac Manufacturing Company 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 for use within industrial and aerospace markets, natural gas-fired engines for remote power generation applications and compression systems for use within the North American industrial oil and gas and power generation end-markets. Segment activity is as follows (dollars in thousands): Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Net Sales Packaging $ 131,930 $ 117,320 $ 258,950 $ 233,540 Aerospace 77,720 59,800 145,060 109,790 Specialty Products 30,850 56,070 63,590 105,320 Total $ 240,500 $ 233,190 $ 467,600 $ 448,650 Operating Profit (Loss) and Income Before Income Tax Expense Segment operating profit Packaging $ 18,020 $ 17,280 $ 35,130 $ 31,670 Aerospace 10,430 2,630 17,560 4,060 Specialty Products 580 12,100 3,190 21,850 Segment operating profit 29,030 32,010 55,880 57,580 Corporate (a) (11,180) (11,950) (25,590) (27,530) Total operating profit 17,850 20,060 30,290 30,050 Interest expense (5,220) (3,970) (10,150) (7,670) Other income (expense), net 40 160 (280) 90 Income before income tax expense $ 12,670 $ 16,250 $ 19,860 $ 22,470 __________________________ (a) Corporate consists of the corporate office and related corporate activities. Corporate expenses primarily include compensation, benefits, professional services, information technology and other administrative costs. Corporate expenses reconcile reportable segment information to the consolidated totals.

Equity Awards (Notes)

Equity Awards (Notes)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Equity Awards	Equity Awards Restricted Stock Units The Company awarded the following restricted stock units ("RSUs") during the six months ended June 30, 2024: • Granted 281,405 RSUs 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 32,544 RSUs to its non-employee independent directors, which fully vest one year from date of grant so long as the director and/or Company does not terminate the director's service prior to the vesting date; • Issued 55 RSUs to certain employees related to dividend equivalent rights on existing equity awards; and • Issued 2,267 RSUs related to director fee deferrals as certain of the Company's directors elected to defer all or a portion of their director fees and to receive the amount in Company common stock at a future date. During 2024, the Company also awarded 109,640 performance-based RSUs to certain Company key employees which vest three years from the grant date as long as the employee remains with the Company. These awards are initially earned 50% based upon the Company's achievement of an earnings per share compound annual growth rate ("EPS CAGR") metric and 50% based upon the Company's cash return on net assets ("Cash RONA") metric over a period beginning January 1, 2024 and ending December 31, 2026. The total EPS CAGR and Cash RONA performance-based RSUs initially earned shall be subject to modification 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 4.50% and annualized volatility of 31.4%. 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 250% of the target. Information related to RSUs at June 30, 2024 is as follows: Number of Unvested RSUs Weighted Average Grant Date Fair Value Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at January 1, 2024 691,836 $ 30.97 Granted 425,911 24.86 Vested (187,650) 30.52 Cancelled (79,215) 33.62 Outstanding at June 30, 2024 850,882 $ 27.76 1.5 $ 21,748,544 As of June 30, 2024, there was $8.0 million of unrecognized compensation cost related to unvested RSUs that is expected to be recorded over a weighted average period of 2.2 years.

Earnings per Share (Notes)

Earnings per Share (Notes)	6 Months Ended
	Jun. 30, 2024
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 period to calculate basic earnings per share. Diluted earnings per share is calculated to give effect to RSUs. The following table summarizes the dilutive effect of RSUs on common stock for the three and six months ended June 30, 2024 and 2023: Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Weighted average common shares—basic 40,699,287 41,462,452 40,858,668 41,503,039 Dilutive effect of restricted stock units 299,751 182,732 301,858 220,572 Weighted average common shares—diluted 40,999,038 41,645,184 41,160,526 41,723,611 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. In the three and six months ended June 30, 2024, the Company purchased 131,900 and 671,937 shares of its outstanding common stock for $3.5 million and $16.9 million, respectively. During the three and six months ended June 30, 2023, the Company purchased 101,020 and 451,882 shares of its outstanding common stock for $2.7 million and $13.1 million, respectively. As of June 30, 2024 , the Company had $70.1 million remaining under the repurchase authorization. Holders of common stock are entitled to dividends at the discretion of the Company's Board of Directors. In 2021, the Company's Board of Directors declared the first dividend since the Company's initial public offering in 2007. During the three and six months ended June 30, 2024, the Company's cash dividends declared were $0.04 per share of common stock and total dividends declared and paid on common shares were $1.7 million and $3.3 million, respectively. In the three and six months ended June 30, 2023, the Company's cash dividends declared were $0.04 per share of common stock and total dividends declared and paid on common shares were $1.7 million and $3.3 million, respectively.

Defined Benefit Plans (Notes)

Defined Benefit Plans (Notes)	6 Months Ended
	Jun. 30, 2024
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Defined Benefit Plans	Defined Benefit Plans Net periodic pension benefit costs for the Company's defined benefit pension plans cover certain foreign employees, union hourly employees and salaried employees. The components of net periodic pension cost (income) are as follows (dollars in thousands): Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Service costs $ 130 $ 120 $ 260 $ 240 Interest costs 330 310 660 630 Expected return on plan assets (510) (520) (1,020) (1,050) Settlement and curtailment losses — 1,020 — 1,020 Amortization of net loss 40 40 90 70 Net periodic benefit cost (income) $ (10) $ 970 $ (10) $ 910 The service cost component of net periodic benefit cost 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 income. During the three and six months ended June 30, 2023, the Company recognized a one-time, pre-tax settlement charge of $1.0 million related to the purchase of an annuity contract to transfer the Company's Canadian defined benefit obligations to an insurance company. The Company contributed $0.3 million and $0.5 million to its defined benefit pension plans during the three and six months ended June 30, 2024, respectively. The Company expects to contribute $1.2 million to its defined benefit pension plans for the full year 2024.

Other Comprehensive Income (Los

Other Comprehensive Income (Loss) (Notes)	6 Months Ended
	Jun. 30, 2024
Other Comprehensive Income [Abstract]
Comprehensive Income (Loss) Note [Text Block]	Other Comprehensive Income (Loss) Changes in AOCI by component for the six months ended June 30, 2024 are summarized as follows, net of tax (dollars in thousands): Defined Benefit Plans Derivative Instruments Foreign Currency Translation Total Balance, December 31, 2023 $ (5,730) $ 13,260 $ (6,880) $ 650 Net unrealized gains (losses) arising during the period (a) — 1,110 (8,950) (7,840) Less: Net realized losses reclassified to net income (50) — — (50) Net current-period other comprehensive income (loss) 50 1,110 (8,950) (7,790) Balance, June 30, 2024 $ (5,680) $ 14,370 $ (15,830) $ (7,140) __________________________ (a) Derivative instruments, net of income tax of $0.4 million. See Note 10, " Derivative Instruments ," for further details. Changes in AOCI by component for the six months ended June 30, 2023 are summarized as follows, net of tax (dollars in thousands): Defined Benefit Plans Derivative Instruments Foreign Currency Translation Total Balance, December 31, 2022 $ (5,380) $ 15,320 $ (18,560) $ (8,620) Net unrealized gains (losses) arising during the period (a) — (2,750) 9,420 6,670 Less: Net realized losses reclassified to net income (b) (770) — — (770) Net current-period other comprehensive income (loss) 770 (2,750) 9,420 7,440 Balance, June 30, 2023 $ (4,610) $ 12,570 $ (9,140) $ (1,180) __________________________ (a) Derivative instruments, net of income tax of $0.9 million. See Note 10, " Derivative Instruments ," for further details. (b) Defined benefit plans, net of income tax of $0.3 million. See Note 17, " Defined Benefit Plans ," for further details.

Income Taxes (Notes)

Income Taxes (Notes)	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Tax Disclosure	Income Taxes The effective income tax rate for the three months ended June 30, 2024 and 2023 was 13.7% and 32.2%, respectively. The Company recorded income tax expense of $1.7 million and $5.2 million for the three months ended June 30, 2024 and 2023, respectively. The effective tax rate for the three months ended June 30, 2024 was lower than in the prior year period primarily due to the recognition of approximately $1.4 million of tax benefit related to foreign tax loss carryforwards and a decrease in losses in jurisdictions where no tax benefit could be recorded. The effective income tax rate for the six months ended June 30, 2024 and 2023 was 19.0% and 29.1%, respectively. The Company recorded income tax expense of $3.8 million and $6.5 million for the six months ended June 30, 2024 and 2023, respectively. The effective tax rate for the six months ended June 30, 2024 was lower than in the prior year period primarily due to the recognition of approximately $1.4 million of tax benefit related to foreign tax loss carryforwards and a decrease in losses in jurisdictions where no tax benefit could be recorded.

Subsequent Events (Notes)

Subsequent Events (Notes)	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Subsequent Events On July 23, 2024, 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 August 13, 2024 to shareholders of record as of the close of business on August 6, 2024.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2024
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): Three months ended June 30, Six months ended June 30, Customer Markets 2024 2023 2024 2023 Consumer Products $ 106,980 $ 96,220 $ 210,560 $ 191,510 Aerospace & Defense 77,720 59,800 145,060 109,790 Industrial 55,800 77,170 111,980 147,350 Total net sales $ 240,500 $ 233,190 $ 467,600 $ 448,650

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill for the six months ended June 30, 2024 are summarized as follows (dollars in thousands): Packaging Aerospace Specialty Products Total Balance, December 31, 2023 $ 287,350 $ 69,860 $ 6,560 $ 363,770 Foreign currency translation and other (3,170) (230) — (3,400) Balance, June 30, 2024 $ 284,180 $ 69,630 $ 6,560 $ 360,370
Schedule of Intangible Assets (excluding Goodwill) by Major Class	The Company amortizes its other intangible assets over periods ranging from one to 30 years. The gross carrying amounts and accumulated amortization of the Company's other intangibles are summarized below (dollars in thousands): As of June 30, 2024 As of December 31, 2023 Intangible Category by Useful Life Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Finite-lived intangible assets: Customer relationships, 5 – 12 years $ 140,120 $ (92,270) $ 141,260 $ (89,020) Customer relationships, 15 – 25 years 129,590 (83,660) 129,830 (80,600) Total customer relationships 269,710 (175,930) 271,090 (169,620) Technology and other, 1 – 15 years 56,880 (43,230) 56,970 (41,850) Technology and other, 17 – 30 years 43,300 (40,900) 43,300 (40,730) Total technology and other 100,180 (84,130) 100,270 (82,580) Indefinite-lived intangible assets: Trademark/Trade names 61,390 — 61,860 — Total other intangible assets $ 431,280 $ (260,060) $ 433,220 $ (252,200)
Schedule of Finite-Lived Intangible Assets, Amortization Expense	Amortization expense related to intangible assets as included in the accompanying consolidated statement of income is summarized as follows (dollars in thousands): Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Technology and other, included in cost of sales $ 870 $ 800 $ 1,660 $ 1,610 Customer relationships, included in selling, general and administrative expenses 3,350 3,810 6,770 7,590 Total amortization expense $ 4,220 $ 4,610 $ 8,430 $ 9,200

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories consist of the following components (dollars in thousands): June 30, 2024 December 31, 2023 Finished goods $ 88,810 $ 82,300 Work in process 59,920 51,990 Raw materials 59,890 58,160 Total inventories $ 208,620 $ 192,450

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment consists of the following components (dollars in thousands): June 30, 2024 December 31, 2023 Land and land improvements $ 32,690 $ 32,840 Buildings 98,730 99,230 Machinery and equipment 511,640 502,090 643,060 634,160 Less: Accumulated depreciation 314,230 304,170 Property and equipment, net $ 328,830 $ 329,990
Depreciation Expense	Depreciation expense as included in the accompanying consolidated statement of income is as follows (dollars in thousands): Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Depreciation expense, included in cost of sales $ 9,740 $ 11,510 $ 19,490 $ 20,070 Depreciation expense, included in selling, general and administrative expenses 280 270 510 470 Total depreciation expense $ 10,020 $ 11,780 $ 20,000 $ 20,540

Long-term Debt Long-term Debt (

Long-term Debt Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Debt	The Company's long-term debt consists of the following (dollars in thousands): June 30, 2024 December 31, 2023 4.125% Senior Notes due April 2029 $ 400,000 $ 400,000 Credit Agreement 31,230 — Debt issuance costs (3,870) (4,340) Long-term debt, net $ 427,360 $ 395,660 June 30, 2024 December 31, 2023 Carrying Amount Fair Value Carrying Amount Fair Value 4.125% Senior Notes due April 2029 $ 400,000 $ 365,000 $ 400,000 $ 364,000 Revolving credit facility 31,230 31,230 — —
Debt Instrument Redemption [Table Text Block]	The Company may redeem all or part of the 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 %

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	As of June 30, 2024 and December 31, 2023, 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 June 30, 2024 December 31, 2023 Net Investment Hedges Cross-currency swaps Accrued liabilities $ — $ (6,510) Cross-currency swaps Other long-term liabilities (5,320) —
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The following table summarizes the income recognized in accumulated other comprehensive income (loss) ("AOCI") on derivative contracts designated as hedging instruments as of June 30, 2024 and December 31, 2023, and the amounts reclassified from AOCI into earnings for the six months ended June 30, 2024 and 2023 (dollars in thousands): Amount of Income Recognized Amount of Income (Loss) Reclassified As of June 30, 2024 As of December 31, 2023 Location of Income (Loss) Reclassified from AOCI into Earnings (Effective Portion) Three months ended Six months ended 2024 2023 2024 2023 Net Investment Hedges Cross-currency swaps $ 14,370 $ 13,260 Other income (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 income (dollars in thousands): Amount of Income (Loss) Recognized in Three months ended Six months ended Location of Income (Loss) Recognized in Earnings on Derivatives 2024 2023 2024 2023 Derivatives not designated as hedging instruments Foreign exchange contracts Other income (expense), net $ 1,800 $ (50) $ 3,510 $ (810) Cross-currency swaps Other income (expense), net 1,110 — 810 —
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 June 30, 2024 and December 31, 2023 are shown below (dollars in thousands): Description Frequency Asset / (Liability) Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs June 30, 2024 Cross-currency swaps Recurring $ (5,320) $ — $ (5,320) $ — Foreign exchange contracts Recurring $ 110 $ — $ 110 $ — December 31, 2023 Cross-currency swaps Recurring $ (6,510) $ — $ (6,510) $ — Foreign exchange contracts Recurring $ (140) $ — $ (140) $ —

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Supplemental Balance Sheet Information about Leases of Lessee	Supplemental balance sheet information related to the Company's leases are shown below (dollars in thousands): Balance Sheet Location June 30, 2024 December 31, 2023 Assets Operating leases Operating lease right-of-use assets $ 39,700 $ 43,220 Finance leases Property and equipment, net (a) 2,300 2,470 Total lease assets $ 42,000 $ 45,690 Liabilities Current: Operating leases Lease liabilities, current portion $ 7,420 $ 7,410 Finance leases Lease liabilities, current portion 470 490 Long-term: Operating leases Lease liabilities 34,630 37,980 Finance leases Lease liabilities 1,440 1,710 Total lease liabilities $ 43,960 $ 47,590 __________________________ (a)
Lease, Cost [Table Text Block]	The components of lease expense are as follows (dollars in thousands): Three months ended June 30, Six months ended June 30, Statement of Income Location 2024 2023 2024 2023 Operating lease cost Cost of sales and Selling, general and administrative expenses $ 2,560 $ 3,140 $ 4,840 $ 5,720 Finance lease cost: Depreciation of lease assets Cost of sales 50 60 110 100 Interest on lease liabilities Interest expense 20 20 30 30 Short-term, variable and other lease costs Cost of sales and Selling, general and administrative expenses 1,060 840 2,150 1,480 Total lease cost $ 3,690 $ 4,060 $ 7,130 $ 7,330
Lessee, Lease Liability, Maturity	Maturities of lease liabilities are as follows (dollars in thousands): Year ended December 31, Operating Leases (a) Finance Leases (a) 2024 (excluding the six months ended June 30, 2024) $ 4,520 $ 260 2025 8,470 520 2026 8,740 590 2027 7,520 690 2028 5,580 — Thereafter 12,830 — Total lease payments 47,660 2,060 Less: Imputed interest (5,610) (150) Present value of lease liabilities $ 42,050 $ 1,910 __________________________ (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.
Supplemental Cash Flow Information Related to Leases	Other information related to the Company's leases are as follows (dollars in thousands): Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 2,320 $ 2,630 $ 4,680 $ 5,220 Operating cash flows from finance leases 20 20 30 30 Financing cash flows from finance leases 120 120 240 200 Lease assets obtained in exchange for new lease liabilities: Operating leases 80 — 950 4,780 Finance leases — — — 2,620

Other Long-term Liabilities (Ta

Other Long-term Liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Other Liabilities Disclosure [Abstract]
Other Noncurrent Liabilities [Table Text Block]	Other long-term liabilities consist of the following components (dollars in thousands): June 30, 2024 December 31, 2023 Non-current asbestos-related liabilities $ 22,540 $ 23,880 Other long-term liabilities 21,300 16,740 Total other long-term liabilities $ 43,840 $ 40,620

Commitments and Contingencies C

Commitments and Contingencies Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2024
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 Six Months Ended June 30, 2024 4,863 129 80 20 4,892 $ 21,600 $ 886,000 Fiscal Year Ended December 31, 2023 4,798 261 160 36 4,863 $ 15,465 $ 1,920,000
Schedule of Damages Sought for Specific Claims [Table Text Block]	Below is a breakdown of the compensatory damages sought for those claims seeking specific amounts: Compensatory Range of damages sought (dollars in millions) $0.0 to $0.6 $0.6 to $5.0 $5.0+ Number of claims — 4 32

Segment Information Segment Inf

Segment Information Segment Information (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Segment activity is as follows (dollars in thousands): Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Net Sales Packaging $ 131,930 $ 117,320 $ 258,950 $ 233,540 Aerospace 77,720 59,800 145,060 109,790 Specialty Products 30,850 56,070 63,590 105,320 Total $ 240,500 $ 233,190 $ 467,600 $ 448,650 Operating Profit (Loss) and Income Before Income Tax Expense Segment operating profit Packaging $ 18,020 $ 17,280 $ 35,130 $ 31,670 Aerospace 10,430 2,630 17,560 4,060 Specialty Products 580 12,100 3,190 21,850 Segment operating profit 29,030 32,010 55,880 57,580 Corporate (a) (11,180) (11,950) (25,590) (27,530) Total operating profit 17,850 20,060 30,290 30,050 Interest expense (5,220) (3,970) (10,150) (7,670) Other income (expense), net 40 160 (280) 90 Income before income tax expense $ 12,670 $ 16,250 $ 19,860 $ 22,470 __________________________ (a) Corporate consists of the corporate office and related corporate activities. Corporate expenses primarily include compensation, benefits, professional services, information technology and other administrative costs. Corporate expenses reconcile reportable segment information to the consolidated totals.

Equity Awards (Tables)

Equity Awards (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	Information related to RSUs at June 30, 2024 is as follows: Number of Unvested RSUs Weighted Average Grant Date Fair Value Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at January 1, 2024 691,836 $ 30.97 Granted 425,911 24.86 Vested (187,650) 30.52 Cancelled (79,215) 33.62 Outstanding at June 30, 2024 850,882 $ 27.76 1.5 $ 21,748,544

Earnings per Share Earnings per

Earnings per Share Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares [Table Text Block]	The following table summarizes the dilutive effect of RSUs on common stock for the three and six months ended June 30, 2024 and 2023: Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Weighted average common shares—basic 40,699,287 41,462,452 40,858,668 41,503,039 Dilutive effect of restricted stock units 299,751 182,732 301,858 220,572 Weighted average common shares—diluted 40,999,038 41,645,184 41,160,526 41,723,611

Defined Benefit Plans (Tables)

Defined Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2024
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Schedule of Costs of Retirement Plans	The components of net periodic pension cost (income) are as follows (dollars in thousands): Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Service costs $ 130 $ 120 $ 260 $ 240 Interest costs 330 310 660 630 Expected return on plan assets (510) (520) (1,020) (1,050) Settlement and curtailment losses — 1,020 — 1,020 Amortization of net loss 40 40 90 70 Net periodic benefit cost (income) $ (10) $ 970 $ (10) $ 910

Other Comprehensive Income (L_2

Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Other Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Changes in AOCI by component for the six months ended June 30, 2024 are summarized as follows, net of tax (dollars in thousands): Defined Benefit Plans Derivative Instruments Foreign Currency Translation Total Balance, December 31, 2023 $ (5,730) $ 13,260 $ (6,880) $ 650 Net unrealized gains (losses) arising during the period (a) — 1,110 (8,950) (7,840) Less: Net realized losses reclassified to net income (50) — — (50) Net current-period other comprehensive income (loss) 50 1,110 (8,950) (7,790) Balance, June 30, 2024 $ (5,680) $ 14,370 $ (15,830) $ (7,140) __________________________ (a) Derivative instruments, net of income tax of $0.4 million. See Note 10, " Derivative Instruments ," for further details.	Changes in AOCI by component for the six months ended June 30, 2023 are summarized as follows, net of tax (dollars in thousands): Defined Benefit Plans Derivative Instruments Foreign Currency Translation Total Balance, December 31, 2022 $ (5,380) $ 15,320 $ (18,560) $ (8,620) Net unrealized gains (losses) arising during the period (a) — (2,750) 9,420 6,670 Less: Net realized losses reclassified to net income (b) (770) — — (770) Net current-period other comprehensive income (loss) 770 (2,750) 9,420 7,440 Balance, June 30, 2023 $ (4,610) $ 12,570 $ (9,140) $ (1,180) __________________________ (a) Derivative instruments, net of income tax of $0.9 million. See Note 10, " Derivative Instruments ," for further details. (b) Defined benefit plans, net of income tax of $0.3 million. See Note 17, " Defined Benefit Plans ," for further details.

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 240,500	$ 233,190	$ 467,600	$ 448,650
Consumer Products [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	106,980	96,220	210,560	191,510
Aerospace & Defense [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	77,720	59,800	145,060	109,790
Industrial [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 55,800	$ 77,170	$ 111,980	$ 147,350

Realignment Actions Realignme_2

Realignment Actions Realignment Actions (Details) - Realignment actions [Member] - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Realignment Costs [Line Items]
Realignment costs	$ 3,700	$ 3,700
Facility consolidation realignment costs	200	200
Severance Costs	1,300	1,300
Restructuring and Related Cost, Accelerated Depreciation	2,200	2,200
Cost of Sales [Member]
Realignment Costs [Line Items]
Realignment costs	3,300	3,300
Selling, General and Administrative Expenses [Member]
Realignment Costs [Line Items]
Realignment costs	$ 400	$ 400

Acquisitions - Other Acquisitio

Acquisitions - Other Acquisitions (Details) $ in Thousands, € in Millions			3 Months Ended			6 Months Ended		12 Months Ended
	Jul. 10, 2023 USD ($)	Apr. 21, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2023 USD ($)	Feb. 01, 2023 USD ($)
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired						$ 0	$ 71,840
Goodwill			$ 360,370			360,370				$ 363,770
Net sales			240,500	$ 233,190		467,600	$ 448,650
Aarts Packaging B.V.
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired					$ 37,800
Goodwill											$ 20,400
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill											10,900
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Net Working Capital											7,400
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment											8,500
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities											3,900
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other											$ 5,500
Net sales | €									€ 23
Weldmac Manufacturing Company
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 34,000
Business Combination, Recognized Identifiable Assets and Liabilities Assumed, Net Working Capital		20,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment		23,700
Net sales								$ 33,000
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, Low		0	0			0
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High		$ 10,000	$ 4,500			$ 4,500
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	$ 5,500

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets Goodwill Rollforward (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Goodwill [Roll Forward]
Balance, beginning	$ 363,770
Translation and purchase accounting adjustments	(3,400)
Balance, ending	360,370
Packaging [Member]
Goodwill [Roll Forward]
Balance, beginning	287,350
Translation and purchase accounting adjustments	(3,170)
Balance, ending	284,180
Aerospace [Member]
Goodwill [Roll Forward]
Balance, beginning	69,860
Translation and purchase accounting adjustments	(230)
Balance, ending	69,630
Specialty Products [Member]
Goodwill [Roll Forward]
Balance, beginning	6,560
Translation and purchase accounting adjustments	0
Balance, ending	$ 6,560

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets Schedule of Intangible Assets (excluding Goodwill) by Major Class (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, accumulated amortization	$ (260,060)	$ (252,200)
Intangible Assets, Gross (Excluding Goodwill)	431,280	433,220
Trademarks and Trade Names [Member]
Intangible Assets, excluding Goodwill [Line Items]
Indefinite-lived intangible assets, gross carrying amount	61,390	61,860
Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	269,710	271,090
Finite-lived intangible assets, accumulated amortization	(175,930)	(169,620)
Technology and Other [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	100,180	100,270
Finite-lived intangible assets, accumulated amortization	(84,130)	(82,580)
Useful Life Five to Twelve Years [Member] | Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	140,120	141,260
Finite-lived intangible assets, accumulated amortization	(92,270)	(89,020)
Useful Life Fifteen to Twentyfive Years [Member] | Customer Relationships [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	129,590	129,830
Finite-lived intangible assets, accumulated amortization	(83,660)	(80,600)
Useful Life One to Fifteen Years [Member] | Technology and Other [Member]
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	56,880	56,970
Finite-lived intangible assets, accumulated amortization	(43,230)	(41,850)
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	$ (40,900)	$ (40,730)
Minimum [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]
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_5

Goodwill and Other Intangible Assets Schedule of Finite-Lived Intangible Assets, Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	$ 4,220	$ 4,610	$ 8,430	$ 9,200
Cost of Sales [Member] | Technology and Other [Member]
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	870	800	1,660	1,610
Selling, General and Administrative Expenses [Member] | Customer Relationships [Member]
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	$ 3,350	$ 3,810	$ 6,770	$ 7,590

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Finished goods	$ 88,810	$ 82,300
Work in process	59,920	51,990
Raw materials	59,890	58,160
Total inventories	$ 208,620	$ 192,450

Property and Equipment, Net - P

Property and Equipment, Net - Property and Equipment Table (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 643,060	$ 634,160
Less: Accumulated depreciation	314,230	304,170
Property and equipment, net	328,830	329,990
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	32,690	32,840
Building [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	98,730	99,230
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 511,640	$ 502,090

Property and Equipment, Net - D

Property and Equipment, Net - Depreciation Expense Table (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Depreciation Expense [Line Items]
Depreciation expense			$ 20,000	$ 20,540
Continuing Operations [Member]
Depreciation Expense [Line Items]
Depreciation expense	$ 10,020	$ 11,780	20,000	20,540
Cost of Sales [Member] | Continuing Operations [Member]
Depreciation Expense [Line Items]
Depreciation expense	9,740	11,510	19,490	20,070
Selling, General and Administrative Expenses [Member] | Continuing Operations [Member]
Depreciation Expense [Line Items]
Depreciation expense	$ 280	$ 270	$ 510	$ 470

Long-term Debt - Debt Table (De

Long-term Debt - Debt Table (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Deferred Finance Costs, Net	$ (3,870)	$ (4,340)
Long-term debt, net	427,360	395,660
Credit Agreement [Member]
Debt Instrument [Line Items]
Debt	31,230	0
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) - Senior Notes [Member] - 4.125% Senior Unsecured Notes Due 2029 $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 400	$ 400
Debt Instrument, Interest Rate, Stated Percentage	4.125%	4.125%
Debt Instrument, Maturity Date	Apr. 15, 2029
Redemption, Period Two [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage		102.063%
Redemption, Period Three [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage		101.031%
Redemption, Period Four [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage		100%

Long-term Debt - Credit Agreeme

Long-term Debt - Credit Agreement (Details) $ in Millions	3 Months Ended
	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Net leverage ratio	3
Line of credit, borrowing capacity considering covenant restrictions	$ 197.5	$ 256.9
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 300
Debt Instrument, Maturity Date	Mar. 29, 2026
Revolving Credit Facility [Member] | Geographic Distribution, Foreign
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.625%
Revolving Credit Facility [Member] | Geographic Distribution, Domestic
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.725%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving Credit Facility, Capacity Available for Foreign Revolver Loans	$ 125
Line of Credit Facility, Maximum Borrowing Capacity	300
Revolving Credit Facility, Amount Outstanding	31.2	0
Revolving Credit Facility, Remaining Borrowing Capacity	262.8	294
Letters of credit [Member]
Debt Instrument [Line Items]
Letters of Credit, Maximum Borrowing Capacity	40
Letters of Credit Outstanding, Amount	6	$ 6
Revolving credit and term loan facilities [Member]
Debt Instrument [Line Items]
Incremental debt commitments capacity	$ 200

Other Revolving Loan Facility (

Other Revolving Loan Facility (Details) - Revolving Credit Facility [Member] - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
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 - Fair Value (De

Long-term Debt - Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Credit Agreement [Member]
Debt Instrument [Line Items]
Debt	$ 31,230	$ 0
4.125% Senior Unsecured Notes Due 2029
Debt Instrument [Line Items]
Debt	400,000	400,000
Revolving Credit Facility [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Debt	31,230	0
Fair Value, Inputs, Level 2 [Member] | 4.125% Senior Unsecured Notes Due 2029
Debt Instrument [Line Items]
Long-term Debt, Fair Value	365,000	364,000
Fair Value, Inputs, Level 2 [Member] | Revolving Credit Facility [Member] | Credit Agreement [Member]
Debt Instrument [Line Items]
Long-term Debt, Fair Value	$ 31,230	$ 0

Derivative Instruments - Deriva

Derivative Instruments - Derivative Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Apr. 15, 2024	Feb. 15, 2024
Cross Currency Interest Rate Contract [Member] | February 2024 [Domain]
Derivative [Line Items]
Derivative, Fair Value, Net			$ 4,900
Designated as Hedging Instrument [Member] | Cross Currency Interest Rate Contract [Member] | Net Investment Hedging [Member] | Derivative, October 2027 Maturity [Domain]
Derivative [Line Items]
Derivative, Fixed Interest Rate	1.43%
Derivative, Notional Amount	$ 75,000
Designated as Hedging Instrument [Member] | Cross Currency Interest Rate Contract [Member] | Net Investment Hedging [Member] | February 2024 [Domain]
Derivative [Line Items]
Derivative, Fixed Interest Rate	1.06%
Derivative, Notional Amount	$ 75,000
Not Designated as Hedging Instrument [Member] | Cross Currency Interest Rate Contract [Member] | Net Investment Hedging [Member]
Derivative [Line Items]
Derivative, Fixed Interest Rate	2.40%
Derivative, Notional Amount	$ 75,000
Derivative, Fair Value, Net		$ 3,800
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 139,500
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | February 2024 [Domain]
Derivative [Line Items]
Derivative, Notional Amount			$ 75,000

Derivative Instruments - Design

Derivative Instruments - Designated as hedging, Financial Position (Details) - Net Investment Hedging [Member] - Cross Currency Interest Rate Contract [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	$ 0	$ 6,510
Other long-term liabilities [Member]
Derivatives, Fair Value [Line Items]
Liability Derivatives	$ 5,320	$ 0

Derivative Instruments - Desi_2

Derivative Instruments - Designated as hedging, Financial Performance (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated other comprehensive income (loss)	$ (7,140)		$ (7,140)		$ 650
Net Investment Hedging [Member] | Designated as Hedging Instrument [Member] | Cross Currency Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated other comprehensive income (loss)	14,370		14,370		$ 13,260
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ 0	$ 0	$ 0	$ 0

Derivative Instruments - Desi_3

Derivative Instruments - Designated as hedging, Financial Performance Narrative (Details) - Designated as Hedging Instrument [Member] - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) Reclassification from AOCI into Earnings, Estimate of Time to Transfer		12 months
Amount of gain (loss) expected to be reclassified from AOCI into Earnings	$ 0

Derivative Instruments - Deri_2

Derivative Instruments - Derivatives not designated as hedging instruments (Details) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 139,500		$ 139,500
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	1,800	$ (50)	3,510	$ (810)
Currency Swap
Derivative [Line Items]
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	$ 1,110	$ 0	$ 810	$ 0

Derivative Instruments - Fair V

Derivative Instruments - Fair Value Measurements (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
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	$ (5,320)	$ (6,510)
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	(5,320)	(6,510)
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
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	110	(140)
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	110	(140)
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 Supplemental Balance She

Leases Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease right-of-use assets		$ 39,700	$ 43,220
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	[1]	2,300	2,470
Lease right of use assets		42,000	45,690
Operating lease liabilities, current portion		7,420	7,410
Finance Lease, Liability, Current		470	490
Operating Lease, Liability, Noncurrent		34,630	37,980
Finance Lease, Liability, Noncurrent		1,440	1,710
Lease liabilities		43,960	47,590
Finance Lease, Right-of-Use Asset, Accumulated Amortization		$ 300	$ 200
[1]Finance leases were recorded net of accumulated depreciation of $0.3 million and $0.2 million as of June 30, 2024 and December 31, 2023, respectively.

Leases Lease Cost Table (Detail

Leases Lease Cost Table (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Operating Lease, Cost	$ 2,560	$ 3,140	$ 4,840	$ 5,720
Finance Lease, Right-of-Use Asset, Amortization	50	60	110	100
Finance Lease, Interest Expense	20	20	30	30
Short-term, variable and other lease costs	1,060	840	2,150	1,480
Lease, Cost	$ 3,690	$ 4,060	$ 7,130	$ 7,330

Leases Maturities of Lease Liab

Leases Maturities of Lease Liabilities (Details) $ in Thousands	Jun. 30, 2024 USD ($)	[1]
Leases [Abstract]
Lessee, Operating Lease, Liability, to be Paid, Remainder of Fiscal Year	$ 4,520
Lessee, Operating Lease, Liability, to be Paid, Year One	8,470
Lessee, Operating Lease, Liability, to be Paid, Year Two	8,740
Lessee, Operating Lease, Liability, to be Paid, Year Three	7,520
Lessee, Operating Lease, Liability, to be Paid, Year Four	5,580
Lessee, Operating Lease, Liability, to be Paid, after Year Four	12,830
Lessee, Operating Lease, Liability, to be Paid	47,660
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(5,610)
Operating Lease, Liability	42,050
Finance Lease, Liability, to be Paid, Remainder of Fiscal Year	260
Finance Lease, Liability, to be Paid, Year One	520
Finance Lease, Liability, to be Paid, Year Two	590
Finance Lease, Liability, to be Paid, Year Three	690
Finance Lease, Liability, to be Paid, Year Four	0
Finance Lease, Liability, to be Paid, After Year Four	0
Finance Lease, Liability, to be Paid	2,060
Finance Lease, Liability, Undiscounted Excess Amount	(150)
Finance Lease, Liability	$ 1,910
[1] 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 Information Related to Le

Other Information Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Operating Lease, Payments	$ 2,320	$ 2,630	$ 4,680	$ 5,220
Finance Lease, Interest Payment on Liability	20	20	30	30
Finance Lease, Principal Payments	120	120	240	200
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	80	0	950	4,780
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	$ 0	$ 0	$ 0	$ 2,620
Operating Lease, Weighted Average Remaining Lease Term	6 years 1 month 6 days		6 years 1 month 6 days
Finance Lease, Weighted Average Remaining Lease Term	3 years 1 month 6 days		3 years 1 month 6 days
Operating Lease, Weighted Average Discount Rate, Percent	4.10%		4.10%
Finance Lease, Weighted Average Discount Rate, Percent	2.60%		2.60%

Other Long-term Liabilities (De

Other Long-term Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Asbestos-related liability noncurrent	$ 22,540	$ 23,880
Other long-term liabilities other than asbestos liability	21,300	16,740
Other Liabilities, Noncurrent	$ 43,840	$ 40,620

Commitments and Contingencies A

Commitments and Contingencies Asbestos Narrative (Details) - Asbestos [Member]	3 Months Ended	6 Months Ended	12 Months Ended	402 Months Ended
	Jun. 30, 2024 USD ($) claimants cases	Jun. 30, 2024 USD ($) claimants cases	Dec. 31, 2023 USD ($) claimants	Jun. 30, 2024 USD ($) claimants cases	Dec. 31, 2022 USD ($) claimants
Loss Contingencies [Line Items]
Liabilities Subject to Compromise, Asbestos Obligations	$ 25,200,000	$ 25,200,000	$ 26,600,000	$ 25,200,000
Loss Contingency, Pending Cases, Number | cases	474	474		474
Loss Contingency, Pending Claims, Number | claimants	4,892	4,892	4,863	4,892	4,798
Total settlement costs				$ 13,500,000
Loss Contingency, New Claims Filed, Number | claimants		129	261
Percentage of settlement and defense costs covered by insurance				40%
Legal Fees		$ 886,000	$ 1,920,000
Minimum [Member]
Loss Contingencies [Line Items]
Liabilities Subject to Compromise, Asbestos Obligations					$ 29,600,000
Maximum [Member]
Loss Contingencies [Line Items]
Liabilities Subject to Compromise, Asbestos Obligations					$ 39,500,000
Punitive Only Damages [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 5,000,000
Compensatory Only Damages [Member] | Pending Litigation [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages | claimants	36	36		36

Commitments and Contingencies_2

Commitments and Contingencies Asbestos Claimant and Settlement (Details) - Asbestos [Member]	6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($) claimants	Dec. 31, 2023 USD ($) claimants	Dec. 31, 2022 claimants
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number	4,892	4,863	4,798
Loss Contingency, New Claims Filed, Number	129	261
Loss Contingency, Claims Dismissed, Number	80	160
Loss Contingency, Claims Settled, Number	20	36
Average settlement amount per claim during period | $	$ 21,600	$ 15,465
Legal Fees | $	$ 886,000	$ 1,920,000

Commitments and Contingencies_3

Commitments and Contingencies Asbestos Damages Sought (Details) - Asbestos [Member] $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2024 USD ($) claimants	Jun. 30, 2024 USD ($) claimants
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] | Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	$ 5
Pending Litigation [Member] | Compensatory Only Damages [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages | claimants	36	36
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	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	4	4
Pending Litigation [Member] | Compensatory Only Damages [Member] | Range 3 [Member]
Loss Contingencies [Line Items]
Number of pending claims seeking specific amounts of damages | claimants	32	32

Segment Information Segment I_2

Segment Information Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Net sales		$ 240,500	$ 233,190	$ 467,600	$ 448,650
Operating profit (loss)		17,850	20,060	30,290	30,050
Segment Reporting Information, Additional Information [Abstract]
Gain (Loss) on Disposition of Assets				0	(50)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest		12,670	16,250	19,860	22,470
Interest Expense		5,220	3,970	10,150	7,670
Other income (expense), net		40	160	(280)	90
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating profit (loss)		29,030	32,010	55,880	57,580
Operating Segments [Member] | Packaging [Member]
Segment Reporting Information [Line Items]
Net sales		131,930	117,320	258,950	233,540
Operating profit (loss)		18,020	17,280	35,130	31,670
Operating Segments [Member] | Aerospace [Member]
Segment Reporting Information [Line Items]
Net sales		77,720	59,800	145,060	109,790
Operating profit (loss)		10,430	2,630	17,560	4,060
Operating Segments [Member] | Specialty Products [Member]
Segment Reporting Information [Line Items]
Net sales		30,850	56,070	63,590	105,320
Operating profit (loss)		580	12,100	3,190	21,850
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating profit (loss)	[1]	$ (11,180)	$ (11,950)	$ (25,590)	$ (27,530)
[1]Corporate consists of the corporate office and related corporate activities. Corporate expenses primarily include compensation, benefits, professional services, information technology and other administrative costs. Corporate expenses reconcile reportable segment information to the consolidated totals

Equity Awards - Restricted Stoc

Equity Awards - Restricted Stock Units Activity Table (Details) - Restricted Stock Units [Member]	6 Months Ended
	Jun. 30, 2024 $ / 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 Stock Units Outstanding, beginning balance | shares	691,836
Number of Unvested Restricted Stock Units Granted | shares	425,911
Number of Unvested Restricted Stock Units Vested | shares	(187,650)
Number of Unvested Restricted Stock Units Cancelled | shares	(79,215)
Number of Unvested Restricted Stock Units Outstanding, ending balance | shares	850,882
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 Stock Units Outstanding, Weighted Average Grant Date Fair Value, beginning	$ 30.97
Unvested Restricted Stock Units Granted, Weighted Average Grant Date Fair Value	24.86
Unvested Restricted Stock Units Vested, Weighted Average Grant Date Fair Value	30.52
Unvested Restricted Stock Units Cancelled, Weighted Average Grant Date Fair Value	33.62
Unvested Restricted Stock Units Outstanding, Weighted Average Grant Date Fair Value, ending	$ 27.76
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures
Restricted Stock Units Average Remaining Contractual Life (Years)	1 year 6 months
Restricted Stock Units Aggregate Intrinsic Value	$ 21,748,544

Equity Awards - Restricted St_2

Equity Awards - Restricted Stock Units Narrative (Details) - Restricted Stock Units [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares issued related to director fee deferrals			2,267
Number of Unvested Restricted Stock Units Granted			425,911
Unrecognized unvested restricted shares-based compensation expense	$ 8		$ 8
Weighted-average period for recognition of the unrecognized unvested restricted shares-based compensation expense			2 years 2 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period			79,215
Dividend Declared
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Stock Units Granted			55
Plan 1 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Stock Units Granted			281,405
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period			3 years
Plan 7 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Stock Units Granted			32,544
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period			1 year
Plan 8 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Unvested Restricted Stock Units Granted			109,640
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period			3 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate			4.50%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate			31.40%
3 year EPS CAGR metric [Member] | Maximum [Member] | Plan 8 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award percentage earned based on metric over the performance period			50%
Total shareholder return metric [Member] | Minimum [Member] | Plan 8 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Amount of shares earned % of target award			0%
Total shareholder return metric [Member] | Maximum [Member] | Plan 8 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Amount of shares earned % of target award			250%
Cash return on net assets metric | Maximum [Member] | Plan 8 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award percentage earned based on metric over the performance period			50%
Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares-based compensation expense	$ 1.9	$ 3.2	$ 6.4	$ 6.2

Earnings per Share Earnings p_2

Earnings per Share Earnings per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted average common shares—basic	40,699,287	41,462,452	40,858,668	41,503,039
Weighted average common shares—diluted	40,999,038	41,645,184	41,160,526	41,723,611
Restricted Stock Units (RSUs) [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Incremental common shares attributable to share-based payment arrangements	299,751	182,732	301,858	220,572

Earnings per Share Repurchase o

Earnings per Share Repurchase of Common Stock (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Stock Repurchased and Retired During Period, Value	$ 3,530,000	$ 13,320,000	$ 2,690,000	$ 10,400,000
10b5-1 share repurchase program [Member]
Stock Repurchase Program, Authorized Amount	$ 250,000,000				$ 250,000,000
Stock Repurchased and Retired During Period, Shares	131,900		101,020		671,937	451,882
Stock Repurchased and Retired During Period, Value	$ 3,500,000		$ 2,700,000		$ 16,900,000	$ 13,100,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 70,100,000				$ 70,100,000

Earnings per Share Dividends (D

Earnings per Share Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Common Stock, Dividends, Per Share, Cash Paid	$ 0.04		$ 0.04		$ 0.04	$ 0.04
Dividends, Common Stock, Cash	$ 1,660	$ 1,660	$ 1,680	$ 1,660	$ 3,300	$ 3,300

Defined Benefit Plans - Net Per

Defined Benefit Plans - Net Periodic Pension Costs (Details) - Pension Plans, Defined Benefit [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service costs	$ 130	$ 120	$ 260	$ 240
Interest costs	330	310	660	630
Expected return on plan assets	(510)	(520)	(1,020)	(1,050)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment	0	1,020	0	1,020
Amortization of net (gain)/loss	40	40	90	70
Net periodic benefit cost (income)	$ (10)	$ 970	$ (10)	$ 910

Defined Benefit Plans - Defined

Defined Benefit Plans - Defined Benefit Plans Narrative (Details) - Pension Plans, Defined Benefit [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment	$ 0	$ 1,020	$ 0	$ 1,020
Defined Benefit Plan, Plan Assets, Contributions by Employer	300		500
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year	$ 1,200		$ 1,200

Other Comprehensive Income (L_3

Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024		Jun. 30, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balances	$ 673,220	$ 682,950	$ 648,760	$ 651,830	$ 682,950		$ 651,830
Total other comprehensive income (loss)	(4,890)	(2,900)	3,990	3,450	(7,790)		7,440
Balances	675,930	673,220	662,360	648,760	675,930		662,360
Other Comprehensive Income (Loss), Tax [Abstract]
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, Tax							300
Cross Currency Interest Rate Contract [Member]
Other Comprehensive Income (Loss), Tax [Abstract]
Other Comprehensive Income (Loss), Tax					(400)		900
Defined Benefit Plans [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balances		(5,730)		(5,380)	(5,730)		(5,380)
Net unrealized gains (losses) arising during the period					0		0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax					(50)		(770)	[1]
Total other comprehensive income (loss)					50		770
Balances	(5,680)		(4,610)		(5,680)		(4,610)
Accumulated Net Gain (Loss) from Hedges Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balances		13,260		15,320	13,260		15,320
Net unrealized gains (losses) arising during the period					1,110	[2]	(2,750)	[3]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax					0		0
Total other comprehensive income (loss)					1,110		(2,750)
Balances	14,370		12,570		14,370		12,570
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balances		(6,880)		(18,560)	(6,880)		(18,560)
Net unrealized gains (losses) arising during the period					(8,950)		9,420
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax					0		0
Total other comprehensive income (loss)					(8,950)		9,420
Balances	(15,830)		(9,140)		(15,830)		(9,140)
Accumulated Other Comprehensive Income (Loss) [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balances	(2,250)	650	(5,170)	(8,620)	650		(8,620)
Net unrealized gains (losses) arising during the period					(7,840)		6,670
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax					(50)		(770)
Total other comprehensive income (loss)	(4,890)	(2,900)	3,990	3,450	(7,790)		7,440
Balances	$ (7,140)	$ (2,250)	$ (1,180)	$ (5,170)	$ (7,140)		$ (1,180)
[1] Defined benefit plans, net of income tax of $0.3 million. See Note 17, " Defined Benefit Plans ," for further details. Derivative instruments, net of income tax of $0.4 million. See Note 10, " Derivative Instruments Derivative instruments, net of income tax of $0.9 million. See Note 10, " Derivative Instruments ," for further details.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	13.70%	32.20%	19%	29.10%
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 1,400		$ 1,400
Income Tax Expense (Benefit)	$ 1,730	$ 5,230	$ 3,780	$ 6,540

Subsequent Event Dividend (Deta

Subsequent Event Dividend (Details) - Subsequent Event [Member]	Jul. 23, 2024 $ / shares
Subsequent Event [Line Items]
Dividends Payable, Amount Per Share	$ 0.04
Dividends Payable, Date Declared	Jul. 23, 2024
Dividends Payable, Date to be Paid	Aug. 13, 2024
Dividends Payable, Date of Record	Aug. 06, 2024