Barnes (B) 10-K 21 Feb 23 2022 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2022	Feb. 15, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	1-4801
Entity Registrant Name	BARNES GROUP INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	06-0247840
Entity Address, Address Line One	123 Main Street
Entity Address, City or Town	Bristol
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06010
City Area Code	860
Local Phone Number	583-7070
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	B
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 1,512,703,137
Entity Common Stock, Shares Outstanding		50,602,273
Documents Incorporated by Reference	Portions of the registrant’s definitive proxy statement to be delivered to stockholders in connection with the Annual Meeting of Stockholders to be held on May 5, 2023 are incorporated by reference into Part III.
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Central Index Key	0000009984

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Hartford, Connecticut
Auditor Firm ID	238

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net sales	$ 1,261,868	$ 1,258,846	$ 1,124,391
Cost of sales	839,996	803,850	721,238
Selling and administrative expenses	296,559	304,978	279,783
Total operating costs and expenses	1,204,749	1,108,828	1,001,021
Operating income	57,119	150,018	123,370
Interest expense	14,624	16,209	15,944
Other expense (income), net	4,310	5,992	5,931
Income before income taxes	38,185	127,817	101,495
Income taxes	24,706	27,944	38,120
Net income	$ 13,479	$ 99,873	$ 63,375
Per common share:
Basic (in dollars per share)	$ 0.26	$ 1.96	$ 1.25
Diluted (in dollars per share)	$ 0.26	$ 1.96	$ 1.24
Weighted average common shares outstanding:
Basic (in shares)	50,962,447	50,926,374	50,880,846
Diluted (in shares)	51,084,167	51,079,063	51,097,586
Impairment of goodwill	$ 68,194	$ 0	$ 0

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income		$ 13,479	$ 99,873	$ 63,375
Other comprehensive (loss) income, net of tax
Unrealized (loss) gain hedging activities, net of tax	[1]	5,781	917	(642)
Foreign currency translation adjustments, net of tax	[2]	(78,110)	(60,252)	86,894
Defined benefit pension and other postretirement benefits, net of tax	[3]	3,667	29,812	1,928
Total other comprehensive (loss) income, net of tax		(68,662)	(29,523)	88,180
Total comprehensive (loss) income		$ (55,183)	$ 70,350	$ 151,555
[1]Net of tax of $1,825, $334 and $(230) for the years ended December 31, 2022, 2021 and 2020, respectively.[2]Net of tax of $0, $0 and $(66) for the years ended December 31, 2022, 2021 and 2020, respectively.[3]Net of tax of $(489), $8,916 and $401 for the years ended December 31, 2022, 2021 and 2020, respectively.

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Unrealized (loss) gain on hedging activities, tax	$ 1,825	$ 334	$ (230)
Foreign currency translation adjustment, tax	0	0	(66)
Defined benefit pension and other postretirement benefits, tax	$ (489)	$ 8,916	$ 401

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 76,858	$ 102,860
Accounts receivable, less allowances (2022 – $5,222; 2021 – $5,625)	291,883	262,257
Inventories	283,402	239,655
Prepaid expenses and other current assets	80,161	75,437
Total current assets	732,304	680,209
Deferred income taxes	18,028	21,976
Property, plant and equipment, net	320,139	341,462
Goodwill	835,472	955,370
Other intangible assets, net	442,492	500,246
Other assets	65,295	77,557
Total assets	2,413,730	2,576,820
Current liabilities
Notes and overdrafts payable	8	1,900
Accounts payable	145,060	131,076
Accrued liabilities	158,568	175,583
Long-term debt – current	1,437	1,835
Total current liabilities	305,073	310,394
Long-term debt	569,639	599,932
Accrued retirement benefits	54,352	76,784
Deferred income taxes	62,562	66,704
Long-term tax liability	39,086	52,114
Other liabilities	36,691	42,126
Commitments and contingencies (Note 22)
Stockholders’ equity
Common stock – par value $0.01 per share Authorized: 150,000,000 shares, Issued: at par value (2021 – 64,343,582 shares; 2020 – 64,171,321 shares)	645	643
Additional paid-in capital	529,791	516,562
Treasury stock, at cost (2022 – 13,890,802 shares; 2021 – 13,658,483 shares)	(531,507)	(523,642)
Retained earnings	1,567,898	1,587,041
Accumulated other non-owner changes to equity	(220,500)	(151,838)
Total stockholders’ equity	1,346,327	1,428,766
Total liabilities and stockholders’ equity	$ 2,413,730	$ 2,576,820

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 5,222	$ 5,625
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	64,481,493	64,343,582
Treasury stock, at cost (in shares)	13,890,802	13,658,483

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating activities:
Net income	$ 13,479	$ 99,873	$ 63,375
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	92,150	91,085	87,656
Gain on disposition of property, plant and equipment	(821)	(1,027)	(94)
Stock compensation expense	12,804	11,470	10,300
Seeger divestiture charges	0	0	6,677
Non-cash goodwill impairment charge	68,194	0	0
Changes in assets and liabilities, net of the effects of divestitures:
Accounts receivable	(39,484)	(18,793)	107,381
Inventories	(48,591)	(7,350)	2,147
Prepaid expenses and other current assets	(9,257)	(5,208)	(5,721)
Accounts payable	15,998	22,909	(9,968)
Accrued liabilities	(25,659)	(1,630)	(37,430)
Deferred income taxes	2,645	(19,354)	(5,867)
Long-term retirement benefits	(1,474)	3,423	(1,418)
Long-term tax liability	(6,948)	(6,949)	(6,949)
Other	2,523	(643)	5,373
Net cash provided by operating activities	75,559	167,806	215,462
Investing activities:
Proceeds from disposition of property, plant and equipment	1,825	3,007	449
Proceeds from the sale of businesses, net of cash sold	0	0	36,062
Capital expenditures	(35,082)	(34,117)	(40,698)
Other	(2,729)	1,304	0
Net cash used in investing activities	(35,986)	(29,806)	(4,187)
Financing activities:
Net change in other borrowings	(1,333)	(173)	(5,855)
Payments on long-term debt	(108,415)	(115,507)	(266,424)
Proceeds from the issuance of long-term debt	98,285	48,300	98,107
Proceeds from the issuance of common stock	513	1,427	1,989
Common stock repurchases	(6,721)	(5,229)	(15,550)
Dividends paid	(32,376)	(32,402)	(32,402)
Withholding taxes paid on stock issuances	(1,144)	(1,421)	(3,368)
Other	(13,638)	(9,661)	3,837
Net cash used provided by financing activities	(64,829)	(114,666)	(219,666)
Effect of exchange rate changes on cash flows	(5,525)	(2,893)	6,054
(Decrease) increase in cash, cash equivalents and restricted cash	(30,781)	20,441	(2,337)
Cash, cash equivalents and restricted cash at beginning of year	111,909	91,468	93,805
Cash, cash equivalents and restricted cash at end of year	81,128	111,909	91,468
Cash and cash equivalents	76,858	102,860	79,145
Prepaid expenses and other current assets
Financing activities:
Restricted cash	(2,135)	(4,524)	(4,944)
Other assets
Financing activities:
Restricted cash	$ (2,135)	$ (4,525)	$ (7,379)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Treasury Stock	Retained Earnings	Accumulated Other Non-Owner Changes to Equity
Balance (in shares) at Dec. 31, 2019		63,873,000		13,051,000
Balance at Dec. 31, 2019	$ 1,270,528	$ 639	$ 489,282	$ (498,074)	$ 1,489,176	$ (210,495)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	151,555				63,375	88,180
Dividends declared	(32,402)				(32,402)
Common stock repurchases (in shares)				396,000
Common stock repurchases	(15,550)			$ (15,550)
Employee stock plans (in shares)				83,000
Employee stock plans	8,546	$ 3	12,249	$ (3,368)	(338)
Balance (in shares) at Dec. 31, 2020		64,171,000		13,530,000
Balance at Dec. 31, 2020	1,382,677	$ 642	501,531	$ (516,992)	1,519,811	(122,315)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	70,350				99,873	(29,523)
Dividends declared	(32,402)				(32,402)
Residual interest in subsidiary	2,177		2,177
Common stock repurchases (in shares)				100,000
Common stock repurchases	(5,229)			$ (5,229)
Employee stock plans (in shares)		173,000		28,000
Employee stock plans	11,193	$ 1	12,854	$ (1,421)	(241)
Balance (in shares) at Dec. 31, 2021		64,344,000		13,658,000
Balance at Dec. 31, 2021	1,428,766	$ 643	516,562	$ (523,642)	1,587,041	(151,838)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	(55,183)				13,479	(68,662)
Dividends declared	(32,376)				(32,376)
Common stock repurchases (in shares)				200,000
Common stock repurchases	(6,721)			$ (6,721)
Employee stock plans (in shares)		137,000		33,000
Employee stock plans	11,841	$ 2	13,229	$ (1,144)	(246)
Balance (in shares) at Dec. 31, 2022		64,481,000		13,891,000
Balance at Dec. 31, 2022	$ 1,346,327	$ 645	$ 529,791	$ (531,507)	$ 1,567,898	$ (220,500)

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]
Dividends declared (in dollars per share)	$ 0.64	$ 0.64	$ 0.64

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies General: The preparation of consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The COVID-19 pandemic ("COVID-19") has resulted in a disruption in business activities worldwide and has caused weakened economic conditions, both in the United States and abroad. COVID-19 has had, and may continue to have, a significant negative impact on the Company's ongoing operations and the end markets in which it serves. The Company has assessed the impacts on its accounting estimates, assumptions and disclosures. Consolidation: The accompanying consolidated financial statements include the accounts of the Company and all of its subsidiaries. Intercompany transactions and account balances have been eliminated. Revenue recognition: The Company accounts for revenue in accordance with Accounting Standard Codification 606, Revenue from Contracts with Customers. Revenue is recognized by the Company when control of the product or solution is transferred to the customer. Control is generally transferred when products are shipped or delivered to customers, title is transferred, the significant risks and rewards of ownership have transferred, the Company has rights to payment and rewards of ownership pass to the customer. Customer acceptance may also be a factor in determining whether control of the product or solution has transferred. Although revenue is generally transferred at a point in time, a certain portion of businesses with customized products or contracts in which the Company performs work on customer-owned assets requires the use of an over time recognition model as certain contracts meet one or more of the established criteria pursuant to the accounting standards governing revenue recognition. Also, service revenue is recognized as control transfers, which is concurrent with the services being performed. See Note 3. Management fees related to the Aerospace Aftermarket Revenue Sharing Programs ("RSPs") are satisfied through an agreed upon reduction from the sales price of each of the related spare parts. These fees recognize our customer's necessary performance of engine program support activities, such as spare parts administration, warehousing and inventory management, and customer support, and are not separable from our sale of products, and accordingly, they are reflected as a reduction to sales, rather than as costs incurred, when revenues are recognized. Cash and cash equivalents: Cash in excess of operating requirements is generally invested in short-term, highly liquid, income-producing investments. All highly liquid investments purchased with an original maturity of three months or less are considered cash equivalents. Cash equivalents are carried at cost which approximates fair value. Accounts receivable: The Company records accounts receivable at net realizable value. Balances are reviewed regularly and reserves are adjusted when events or circumstances indicate carrying values may not be recoverable. Effective January 1, 2020, the Company adopted the amended guidance related to credit losses on financial instruments. See "Recently Adopted Accounting Standards" below for additional discussion regarding the application of this amended guidance. Inventories: Inventories are valued at the lower of cost, determined on a first-in, first-out basis, or net realizable value. The primary components of cost included in inventories are raw material, labor and overhead. Provisions are made to reduce excess or obsolete inventories to their estimated net realizable value. The process for evaluating the value of excess and obsolete inventory often requires the Company to make judgments and estimates concerning future sales levels, quantities and prices at which such inventory will be sold in the normal course of business and estimated costs. Accelerating the disposal process or changes in estimates based on future sales potential or estimated costs may necessitate future adjustments to these provisions. Property, plant and equipment: Property, plant and equipment is recorded at cost. Depreciation is recorded using a straight-line method of depreciation over estimated useful lives, generally ranging from 20 to 50 years for buildings and four Goodwill: Goodwill represents the excess purchase price over the fair value of net assets of companies acquired in business combinations. Goodwill is considered an indefinite-lived asset. Goodwill is subject to impairment testing in accordance with accounting standards governing such on an annual basis, in the second quarter, or more frequently if an event or change in circumstances indicates that the fair value of a reporting unit has been reduced below its carrying value. Based on our assessment as of April 1, the estimated fair value of the Automation reporting unit, which represents the 2018 acquisition of Gimatic, exceeded its carrying value, while the estimated fair value of each of the remaining reporting units significantly exceeded their carrying values. The Company evaluated deteriorating macro-economic conditions subsequent to the date of the assessment, including inflationary pressures, rising interest rates, worsening global supply chain constraints and demand outlook, which materialized during the second quarter of 2022, impacting performance and outlook at Automation and resulted in a triggering event. Management revised its cash flow projections and weighted average cost of capital, resulting in a non-cash goodwill impairment charge of $68,194 related to the Automation reporting unit as the estimated fair value of the reporting unit declined below its carrying value. Management evaluated the significant increase in interest rates and further deteriorating macro-economic conditions that materialized during the fourth quarter of 2022, again resulting in a triggering event at Automation. Management performed a Step 1 quantitative assessment as of December 31, 2022 and concluded that there was no additional goodwill impairment at the business. The goodwill impairment charge was recorded in the three month period ended June 30, 2022. See Note 6. Leases: Contracts are evaluated at inception to determine whether they contain a lease. Operating lease right-of use assets and liabilities are recognized based on the present value of the future minimum lease payments over the lease term at the lease commencement date for operating leases with an initial term greater than 12 months. The Company recognizes lease expense for minimum lease payments on a straight line basis over the term of the lease. Certain leases provide the option to purchase the leased property and are therefore evaluated for finance lease consideration. The depreciable life of leased assets are limited by the expected term of the lease, unless there is a transfer of title or purchase option and the Company believes it is reasonably certain of exercise. The Company utilizes its incremental borrowing rate by lease term to calculate the present value of our future lease payments if an implicit rate is not specified. See Note 19. Aerospace Aftermarket Programs: The Company participates in aftermarket RSPs under which the Company receives an exclusive right to manufacture and supply designated aftermarket parts over the life of the related aircraft engine program. As consideration, the Company has paid participation fees, which are recorded as long-lived intangible assets. The Company records amortization of the related intangible asset as sales dollars are being earned based on a proportional sales dollar method. Specifically, this method amortizes each asset as a reduction to revenue based on the proportion of sales under a program in a given period to the estimated aggregate sales dollars over the life of that program. This method reflects the pattern in which the economic benefits of the RSPs are realized. The Company also entered into Component Repair Programs ("CRPs") that provide for, among other items, the right to sell certain aftermarket component repair services for CFM56, CF6, CF34 and LM engines directly to other customers as one of a few GE licensed suppliers. In addition, the CRPs extended certain existing contracts under which the Company currently provides these services directly to GE. The Company recorded the consideration paid for these rights as an intangible asset that is amortized as a reduction to sales over the remaining life of these engine programs based on the estimated sales over the life of such programs. This method reflects the pattern in which the economic benefits of the CRPs are realized. The recoverability of each asset is subject to significant estimates about future revenues related to the program’s aftermarket parts and services. The Company evaluates these intangible assets for recoverability and updates amortization rates on an agreement by agreement basis for the RSPs and on an individual asset program basis for the CRPs. The assets are reviewed for recoverability periodically including whenever events or changes in circumstances indicate that their carrying amount may not be recoverable. At least annually, the Company evaluates the remaining useful life of these assets to determine whether events and circumstances warrant a revision to the remaining periods of amortization. Management updates revenue projections, which includes comparing actual experience against projected revenue and industry projections. The potential exists that actual revenues will not meet expectations due to a change in market conditions including, for example, the replacement of older engines with new, more fuel-efficient engines or the Company's ability to maintain market share within the Aftermarket business. A shortfall in future revenues may indicate a triggering event requiring a write down or further evaluation of the recoverability of the assets or require the Company to accelerate amortization expense prospectively dependent on the level of the shortfall. The Company has not identified any impairment of these assets, although changes in projected RSP and CRP revenue has impacted amortization rates that will be applied in remaining periods. Other Intangible Assets: Other intangible assets consist primarily of the Aerospace Aftermarket programs, as discussed above, customer relationships, tradenames, patents and proprietary technology. These intangible assets, with the exception of certain tradenames, have finite lives and are amortized over the periods in which they provide benefit. The Company assesses the impairment of long-lived assets, including identifiable intangible assets subject to amortization, whenever significant events or significant changes in circumstances indicate the carrying value may not be recoverable. Tradenames with indefinite lives are subject to impairment testing in accordance with accounting standards governing such on an annual basis, in the second quarter, or more frequently if an event or change in circumstances indicates that the fair value of the asset has been reduced below its carrying value. Based on the assessments performed during 2022, there were no impairments of other intangible assets. See Note 6. Derivatives: Accounting standards related to the accounting for derivative instruments and hedging activities require that all derivative instruments be recorded on the balance sheet at fair value. Foreign currency contracts may qualify as fair value hedges of unrecognized firm commitments, cash flow hedges of recognized assets and liabilities or anticipated transactions, or a hedge of a net investment. Changes in the fair market value of derivatives that qualify as fair value hedges or cash flow hedges are recorded directly to earnings or accumulated other non-owner changes to equity, depending on the designation. Amounts recorded to accumulated other non-owner changes to equity are reclassified to earnings in a manner that matches the earnings impact of the hedged transaction. Any ineffective portion, or amounts related to contracts that are not designated as hedges, are recorded directly to earnings. The Company’s policy for classifying cash flows from derivatives is to report the cash flows consistent with the underlying hedged item. See Note 10. Foreign currency: Assets and liabilities are translated at year-end rates of exchange; revenues and expenses are translated at average rates of exchange. The resulting translation gains or losses are reflected in accumulated other non-owner changes to equity within stockholders’ equity. Net foreign currency transaction losses of $540, $572 and $1,518 in 2022, 2021 and 2020, respectively, were recorded within other expense (income), net in the Consolidated Statements of Income. Research and Development: Costs are incurred in connection with efforts aimed at discovering and implementing new knowledge that is critical to developing new products, processes or services, significantly improving existing products or services, and developing new applications for existing products and services. Research and development expenses for the creation of new and improved products, processes and services were $15,774, $22,928 and $16,949, for the years 2022, 2021 and 2020, respectively, and are included in selling and administrative expens e. Pension and Other Postretirement Benefits: The Company accounts for its defined benefit pension plans and other postretirement plans by recognizing the overfunded or underfunded status of the plans, calculated as the difference between plan assets and the projected benefit obligation related to each plan, as an asset or liability on the Consolidated Balance Sheets. Benefit costs associated with the plans primarily include current service costs, interest costs and the amortization of actuarial losses, partially offset by expected returns on plan assets, which are determined based upon actuarial valuations. Settlement and curtailment losses (gains) may also impact benefit costs. The Company regularly reviews actuarial assumptions, including discount rates and the expected return on plan assets, which are updated at the measurement date, December 31st. The impact of differences between actual results and the assumptions are generally accumulated within Other Comprehensive Income and amortized over future periods, which will affect benefit costs recognized in such periods. The Company bifurcates the components of net periodic benefit cost for pension and other postretirement plans. The service cost component of expense requires presentation with other employee compensation costs in operating income, whereas the other components of expense are reported separately outside of operating income. See Note 12. Stock-Based Compensation: Stock-based employee compensation awards are accounted for based on their fair value on the grant date and the related cost is recognized in the Consolidated Statements of Income in accordance with accounting standards related to share-based payments. The fair values of stock options are estimated using the Black-Scholes option-pricing model based on certain assumptions. The fair values of service and performance based share awards are estimated based on the fair market value of the Company’s stock price on the grant date. The fair values of market based performance share awards and performance-vested stock options are estimated using the Monte Carlo valuation method. See Note 13. Income Taxes: Deferred tax assets and liabilities are recognized for future tax effects attributable to temporary differences, operating loss carryforwards and tax credits. The measurement of deferred tax assets and liabilities is determined using tax rates from enacted tax law of the period in which the temporary differences, operating loss carryforwards and tax credits are expected to be realized. The effect of a change in income tax rates is recognized in the period of the enactment date. The guidance related to accounting for income taxes requires that deferred tax assets be reduced by a valuation allowance if, based on all available evidence, it is more likely than not that the deferred tax asset will not be realized. The Company is exposed to certain tax contingencies in the ordinary course of business and records those tax liabilities in accordance with the guidance for accounting for uncertain tax positions. The Company has elected to account for tax on Global Intangible Low- Taxed Income (“GILTI”) as a period cost, when incurred. See Note 14. Recent Accounting Standards The Financial Accounting Standards Board ("FASB") establishes changes to accounting principles under U.S. GAAP through the use of Accounting Standards Updates ("ASUs") to the FASB's Accounting Standards Codification. The Company evaluates the applicability and potential impacts of recent ASUs on its Consolidated Financial Statements and related disclosures. Recently Adopted Accounting Standards In December 2019, the FASB amended its guidance related to income taxes. The amended guidance simplifies the accounting for income taxes, eliminating certain exceptions to the general income tax principles, in an effort to reduce the cost and complexity of application. The amended guidance is effective for annual periods beginning after December 15, 2020, and interim periods within those reporting periods. Early adoption is permitted in any interim or annual period. The guidance requires application on either a prospective, retrospective or modified retrospective basis, contingent on the income tax exception being applied. The Company has adopted this guidance, on a prospective basis, on January 1, 2021 and it did not have a material impact on the Company's Consolidated Financial Statements. Recently Issued Accounting Standards The United Kingdom's Financial Conduct Authority, which regulates the London Interbank Offered Rate (“LIBOR”), announced its intent to phase out the use of LIBOR by December 31, 2021. The U.S. Federal Reserve, in conjunction with the Alternative Reference Rates Committee, a steering committee comprised of large U.S. financial institutions, identified the Secured Overnight Financing Rate (“SOFR”) as its preferred benchmark alternative to U.S. dollar LIBOR. Published by the Federal Reserve Bank of New York, SOFR represents a measure of the cost of borrowing cash overnight, collateralized by U.S. Treasury securities, and is calculated based on directly observable U.S. Treasury-backed repurchase transactions. In March 2020, in response to this transition, the FASB issued guidance related to this rate reform, which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued by reference rate reform, and addresses operational issues likely to arise in modifying contracts to replace discontinued reference rates with new rates. In January 2021, the FASB issued further clarifying guidance regarding derivatives, as it relates to this transition. In December 2022, the FASB extended the expiration of the guidance through December 31, 2024. The Company’s Amended Credit Agreement (Note 8) and corresponding interest rate Swaps (Note 9) each mature in February 2026. In March 2021, the Intercontinental Exchange Benchmark Association announced that it will extend the publication of overnight, 1, 3, 6 and 12 month LIBOR rates until June 30, 2023, while ceasing publication of all other LIBOR rates including 1 week and 2 month rates. The Company's Amended Credit Agreement was further amended in October 2021 and in April 2022 to address the replacement of LIBOR via the LIBOR Transition Agreement and Amendment No. 1, respectively (see Note 8), with SOFR. The Company's corresponding interest rate Swaps were amended in May 2022 to address the replacement of LIBOR. As a result of the Company's contract amendments to address the replacement of LIBOR, the Company does not anticipate a material impact on our business, financial condition, results of operations or cash flow as a result of this change. In October 2021, the FASB amended its guidance related to business combinations. The amended guidance requires entities to recognize and measure contract assets and contract liabilities acquired in business combinations on the acquisition date in accordance with Accounting Standards Codification 606, Revenue from Contracts with Customers . The new guidance is effective on a prospective basis for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, with early adoption permitted. The Company is currently evaluating the amended guidance as the guidance will be applicable to future acquisitions. In September 2022, the FASB amended its guidance related to supplier finance programs. The amended guidance requires additional disclosures surrounding the use of supplier finance programs to purchase goods or services including disclosing the key terms of the programs, the amount of obligations outstanding at the end of the reporting period, and a roll-forward of those obligations. The new guidance, except the amendment on roll-forward information, is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The amendment on roll-forward information is

Divestiture

Divestiture	12 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Divestiture	DivestitureOn February 1, 2020, the Company completed the sale of the Seeger business, consisting of partnership interests and shares, respectively, of Seeger-Orbis GmbH & Co. OHG and Seeger-Orbis Mechanical Components (Tianjin) Co., Ltd. (“Seeger”) to Kajo Neukirchen Group ("KNG"). Gross proceeds received were 38,964 Euros ($42,915) after consideration of post-closing adjustments, which were made during the fourth quarter of 2020, pursuant to the terms of the Share Purchase and Transfer Agreement ("SPA"). The Company yielded net cash proceeds of $36,062 after consideration of cash sold and transaction costs. Resulting tax charges of $4,211 were recognized in the first quarter of 2020 following the completion of the sale. Divestiture charges of $2,466 resulted from the completion of the sale and were recorded within Selling and Administrative expenses on the Consolidated Statement of Income for the year ended December 31, 2020.The Company utilized the proceeds from the sale to reduce debt under the Amended Credit Agreement. Pursuant to the SPA, 6,000 Euros of the proceeds were placed in escrow to be released through 2024, pending any potential settlement of claims. Cash related to a pending claim would remain in escrow until a final determination of the claim has been made. Of the 6,000 Euros, 4,000 Euros remained in escrow as of December 31, 2022 with 2,000 Euros and 2,000 Euros recorded as restricted cash within Prepaid expenses and other current assets and Other assets (non-current), respectively. As of December 31, 2021, 6,000 Euros remained in escrow with 2,000 Euros and 4,000 Euros recorded as restricted cash within Prepaid expenses and other current assets and Other assets (non-current), respectively.

Revenue

Revenue	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Revenue The Company is a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, serving a wide range of end markets and customers. Its specialized products and services are used in far-reaching applications in healthcare, automation, packaging, aerospace, mobility, and manufacturing . Revenue is recognized by the Company when control of the product or solution is transferred to the customer. Control is generally transferred when products are shipped or delivered to customers, title is transferred, the significant risks and rewards of ownership have transferred, the Company has rights to payment and the rewards of ownership pass to the customer. Customer acceptance may also be a factor in determining whether control of the product has transferred. Although revenue is generally recognized at a point in time, a certain portion of the Company's businesses with customized products or contracts in which the Company performs work on customer-owned assets requires the use of an over-time recognition model as certain contracts meet one or more of the established criteria pursuant to the accounting guidance. Also, service revenue is recognized as control transfers, which is concurrent with the services being performed. The following tables present the Company's revenue disaggregated by products and services, geographic regions and end markets, by segment: 2022 Industrial Aerospace Total Company Product and Services Engineered Components Products $ 189,458 $ — $ 189,458 Molding Solutions Products 402,598 — 402,598 Force & Motion Control Products 181,197 — 181,197 Automation Products 59,462 — 59,462 Aerospace Original Equipment Manufacturing ("OEM") Products — 265,179 265,179 Aerospace Products and Services ("Aftermarket") — 163,974 163,974 $ 832,715 $ 429,153 $ 1,261,868 Geographic Regions (A) Americas $ 357,032 $ 307,712 $ 664,744 Europe 296,856 79,283 376,139 Asia 172,922 37,348 210,270 Rest of World 5,905 4,810 10,715 $ 832,715 $ 429,153 $ 1,261,868 End Markets Aerospace Original Equipment Manufacturing $ 12,541 $ 265,179 $ 277,720 Aerospace Aftermarket — 163,974 163,974 Medical, Personal Care & Packaging 186,729 — 186,729 Tool and Die 85,947 — 85,947 General Industrial 254,681 — 254,681 Auto Molding Solutions 138,978 — 138,978 Auto Production 94,377 — 94,377 Automation 59,462 — 59,462 $ 832,715 $ 429,153 $ 1,261,868 (A) Sales by geographic regions are based on the location to which the product is shipped and services are delivered. 2021 Industrial Aerospace Total Company Product and Services Engineered Components Products $ 184,241 $ — $ 184,241 Molding Solutions Products 458,681 — 458,681 Force & Motion Control Products 185,597 — 185,597 Automation Products 67,964 — 67,964 Aerospace OEM Products — 246,850 246,850 Aerospace Aftermarket — 115,513 115,513 $ 896,483 $ 362,363 $ 1,258,846 Geographic Regions (A) Americas $ 356,518 $ 271,241 $ 627,759 Europe 335,679 58,237 393,916 Asia 199,578 29,701 229,279 Rest of World 4,708 3,184 7,892 $ 896,483 $ 362,363 $ 1,258,846 End Markets Aerospace OEM $ 9,278 $ 246,850 $ 256,128 Aerospace Aftermarket — 115,513 115,513 Medical, Personal Care & Packaging 219,672 — 219,672 Tool and Die 95,466 — 95,466 General Industrial 255,942 — 255,942 Auto Molding Solutions 150,125 — 150,125 Auto Production 98,036 — 98,036 Automation 67,964 — 67,964 $ 896,483 $ 362,363 $ 1,258,846 (A) Sales by geographic regions are based on the location to which the product is shipped and services are delivered. 2020 Industrial Aerospace Total Company Product and Services Engineered Components Products $ 161,024 $ — $ 161,024 Molding Solutions Products 400,806 — 400,806 Force & Motion Control Products 153,397 — 153,397 Automation Products 54,892 — 54,892 Aerospace OEM Products — 234,578 234,578 Aerospace Aftermarket — 119,694 119,694 $ 770,119 $ 354,272 $ 1,124,391 Geographic Regions (A) Americas $ 293,339 $ 257,370 $ 550,709 Europe 308,288 62,250 370,538 Asia 164,002 30,316 194,318 Rest of World 4,490 4,336 8,826 $ 770,119 $ 354,272 $ 1,124,391 End Markets Aerospace OEM $ 11,182 $ 234,577 $ 245,759 Aerospace Aftermarket — 119,695 119,695 Medical, Personal Care & Packaging 213,725 — 213,725 Tool and Die 81,187 — 81,187 General Industrial 192,547 — 192,547 Auto Molding Solutions 125,337 — 125,337 Auto Production 91,249 — 91,249 Automation 54,892 — 54,892 $ 770,119 $ 354,272 $ 1,124,391 (A) Sales by geographic market are based on the location to which the product is shipped and services are delivered. Revenue from products and services transferred to customers at a point in time accounted for approximately 80 percent of revenue for the year ended December 31, 2022, approximately 80 percent of revenue for the year ended December 31, 2021 and approximately 85 percent of revenue for the year ended December 31, 2020. A majority of revenue within the Industrial segment and Aerospace OEM business, along with a portion of revenue within the Aerospace Products and Services business ("Aftermarket") business, is recognized at a point in time, primarily when the product or solution is shipped to the customer. Revenue from products and services transferred to customers over-time accounted for approximately 20 percent of revenue for the year ended December 31, 2022, approximately 20 percent of revenue for the year ended December 31, 2021 and approximately 15 percent of revenue for the year ended December 31, 2020. The Company recognizes revenue over-time in instances where a contract supports a continual transfer of control to the customer. Substantially all of our revenue in the Aerospace Aftermarket maintenance repair and overhaul business (within Aftermarket Products and Services) and a portion of the revenue for Engineered Components products, Molding Solutions products and Aerospace OEM products is recognized over-time. Within the Molding Solutions and Aerospace Aftermarket businesses, this continual transfer of control to the customer partially results from repair and refurbishment work performed on customer-controlled assets. With other contracts, this continual transfer of control to the customer is supported by clauses in the contract, or governing commercial law of the relevant jurisdiction, where we deliver products that do not have an alternative use and require an enforceable right to payment of costs incurred (plus a reasonable profit) or the Company has a contractual right to complete any work in process and receive full contract price. Performance Obligations. A performance obligation represents a promise within a contract to provide a distinct good or service to the customer. The Company accounts for a contract when it has approval and commitment from both parties, the rights of the parties are identified, payment terms are identified, the contract has commercial substance and collectability of consideration is probable. Transaction price reflects the amount of consideration to which the Company expects to be entitled in exchange for transferred goods or services. A contract’s transaction price is allocated to each distinct performance obligation and revenue is recognized as the performance obligation is satisfied. The majority of our revenues is from contracts that are less than one year, however certain Aerospace OEM and Molding Solutions business contracts extend beyond one year. In the Industrial segment, customers are typically OEMs or suppliers to OEMs and, in some businesses, distributors. In the Aerospace segment, customers include commercial airlines, OEMs and other aircraft and defense-related parts and service providers. To determine the proper revenue recognition method for contracts, the Company uses judgment to evaluate whether two or more contracts should be combined and accounted for as one single contract and whether the combined or single contract should be accounted for as more than one performance obligation. Contracts within the Aerospace OEM and Industrial Engineered Components businesses typically have contracts that are combined as the customer may issue multiple purchase orders at or near the same point in time under the terms of a long term agreement. Revenue is recognized in an over-time model based on the extent of progress towards completion of the performance obligation. The selection of the method to measure progress towards completion requires judgment and is based on the nature of the products or services to be provided. The Company utilizes the cost-to-cost measure of progress for over time contracts as we believe this measure best depicts the transfer of control to the customer, which occurs as we incur costs on contracts. Contract Estimates. Due to the nature of the work performed in completing certain performance obligations, the estimation of both total revenue and cost at completion includes a number of variables and requires significant judgment, as described further below. Estimating total contract revenue requires judgment as certain contracts contain pricing discount structures, rebates, early payment discounts, or other provisions that can impact transaction price. The Company generally estimates variable consideration utilizing the expected value methodology as multiple inputs are considered and weighed, such as customer history, customer forecast communications, economic outlooks, and industry data. In certain circumstances where a particular outcome is probable, we utilize the most likely amount to which we expect to be entitled. The Company includes estimated amounts in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Estimating the total expected costs related to contracts also requires significant judgment. The Aerospace OEM business as well as a portion of our Molding Solutions Products business has an Estimate at Completion process in which management reviews the progress and execution of our performance obligations for significant contracts with revenue recognized under an over-time model. As part of this process, management reviews information including, but not limited to, performance under the contract, progress towards completion, identified risks and opportunities, sourcing determinations and related changes in estimates of costs to be incurred. These considerations include management's judgment about the ability and cost to achieve technical requirements and other contract requirements. Management makes assumptions and estimates regarding labor efficiency, the complexity of the work to be performed, the availability of materials, the length of time to complete the performance obligation (e.g., to estimate increases in wages and prices for materials and related support cost allocations), execution by our subcontractors and overhead cost rates, among other variables. The Company generally utilizes the portfolio approach to estimate the amount of revenue to recognize for certain other contracts which require over-time revenue recognition. Such contracts are grouped together either by revenue stream, customer or product. Each portfolio of contracts is grouped together based on having similar characteristics. The portfolio approach is utilized only when the result of the accounting is not expected to be materially different than if applied to individual contracts. Adjustments to net sales, cost of sales and the related impact to operating income are recognized as necessary in the period they become known. Revenue recognized from performance obligations satisfied in previous periods was not material in 2022, 2021 or 2020. Contract Balances . The timing of revenue recognition, invoicing and cash collections affects accounts receivable, unbilled receivables (contract assets) and customer advances and deposits (contract liabilities) on the Consolidated Balance Sheets. Unbilled Receivables (Contract Assets) - Pursuant to the over-time revenue recognition model, revenue may be recognized prior to the customer being invoiced. An unbilled receivable is recorded to reflect revenue that is recognized when 1) the cost-to-cost method is applied and 2) such revenue exceeds the amount invoiced to the customer. Unbilled receivables are included within Prepaid Expenses and Other Current Assets on the Consolidated Balance Sheets as of December 31, 2022 and 2021. Customer Advances and Deposits (Contract Liabilities) - The Company may receive a customer advance or deposit, or have an unconditional right to receive a customer advance, prior to revenue being recognized. Certain contracts within the Molding Solutions business, for example, may require such advances. Since the performance obligations related to such advances have not been satisfied, a contract liability is established. An offsetting asset of equal amount is recorded as an account receivable until the advance is collected. Advances and deposits are included within Accrued Liabilities on the Consolidated Balance Sheets until the respective revenue is recognized. Advance payments are not considered a significant financing component as they are generally received less than one year before the customer solution is completed. These assets and liabilities are reported on the Consolidated Balance Sheets on an individual contract basis at the end of each reporting period. Net contract assets (liabilities) consisted of the following: December 31, 2022 December 31, 2021 $ Change % Change Unbilled receivables (contract assets) $ 42,423 $ 33,522 $ 8,901 27 % Contract liabilities (27,857) (25,374) (2,483) 10 % Net contract assets $ 14,566 $ 8,148 $ 6,418 79 % Contract liabilities balances at December 31, 2022 and December 31, 2021 include $9,593 and $9,364, respectively, of customer advances for which the Company has an unconditional right to collect payment. Accounts receivable, as presented on the Consolidated Balance Sheet, includes corresponding balances at December 31, 2022 and December 31, 2021, respectively. Changes in the net contract assets balance during the year ended December 31, 2022 were impacted by a $2,483 increase in contract liabilities, driven primarily by new customer advances and deposits, partially offset by revenue recognized in the current period. Adding to this net contract asset increase was a $8,901 increase in contract assets, driven primarily by contract progress (i.e. unbilled receivable), offset by earlier contract progress being invoiced to the customer. The Company recognized approximately 90% of the revenue related to the contract liability balance as of December 31, 2021 during the year ended December 31, 2022 and approximately 100% of the revenue related to the contract liability balance as of December 31, 2020 during the year ended December 31, 2021, primarily representing revenue from the sale of molds and hot runner systems within the Molding Solutions business. Contract Costs. The Company may incur costs to fulfill a contract. Costs are incurred to develop, design and manufacture tooling to produce a customer’s customized product in conjunction with certain of its contracts, primarily in the Aerospace OEM business. For certain contracts, control related to this tooling remains with the Company. The tooling may be deemed recoverable over the life of the related customer contract (oftentimes a long-term agreement). The Company therefore capitalizes these tooling costs and amortizes them over the shorter of the tooling life or the duration of the long-term agreement. The Company may also incur costs related to the development of product designs (molds or hot runner systems) within its Molding Solutions business. Control of the design may be retained by the Company and deemed recoverable over the contract to build the systems or mold, therefore this design work cost is capitalized and amortized to cost of sales when the related revenue is recognized. Amortization related to these capitalized costs to fulfill a contract were $12,518, $13,446, and $12,847 in the years ended December 31, 2022, 2021 and 2020, respectively. Capitalized costs, net of amortization, to fulfill a contract balances were as follows: December 31, 2022 December 31, 2021 Tooling $ 2,728 $ 3,800 Design costs 2,887 3,252 $ 5,615 $ 7,052

Inventories

Inventories	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories at December 31 consisted of: 2022 2021 Finished goods $ 105,965 $ 88,954 Work-in-process 68,664 65,468 Raw materials and supplies 108,773 85,233 $ 283,402 $ 239,655

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment, net, at December 31 consisted of: 2022 2021 Land $ 18,018 $ 18,476 Buildings 184,909 187,012 Machinery and equipment 704,053 699,407 906,980 904,895 Less accumulated depreciation (586,841) (563,433) $ 320,139 $ 341,462

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill: The following table sets forth the change in the carrying amount of goodwill for each reportable segment and the Company: Industrial Aerospace Total January 1, 2021 $ 980,794 $ 30,786 $ 1,011,580 Foreign currency translation (56,210) — (56,210) December 31, 2021 924,584 30,786 955,370 Impairment charge (see below) (68,194) (68,194) Foreign currency translation (51,704) — (51,704) December 31, 2022 $ 804,686 $ 30,786 $ 835,472 As of April 1, 2022, management performed its annual impairment testing of goodwill. The Company utilizes the option to first assess qualitative factors to determine whether it is necessary to perform the Step 1 quantitative goodwill impairment test in accordance with applicable accounting standards. Under the qualitative assessment, management considers relevant events and circumstances including but not limited to macroeconomic conditions, industry and market considerations, overall reporting unit performance and events directly affecting a reporting unit. If the Company determines that the Step 1 quantitative impairment test is required, management estimates the fair value of the reporting unit primarily using an income approach, which reflects management’s cash flow projections, and also evaluates the fair value using a market approach. Inherent in management’s development of cash flow projections are assumptions and estimates, including those related to future earnings, growth rates and the weighted average cost of capital. The Company compares the fair value of the reporting unit with the carrying value of the reporting unit. If the fair values were to fall below the carrying values, the Company would recognize a non-cash impairment charge to income from operations for the amount by which the carrying amount of any reporting unit exceeds the reporting unit’s fair value, assuming the loss recognized does not exceed the total amount of goodwill for the reporting unit. Based on our assessment as of April 1, the estimated fair value of the Automation reporting unit, which represents the 2018 acquisition of Gimatic, exceeded its carrying value, while the estimated fair value of each of the remaining reporting units significantly exceeded their carrying values. The Company evaluated deteriorating macro-economic conditions subsequent to the date of the assessment, including inflationary pressures, rising interest rates, worsening global supply chain constraints and demand outlook, which materialized during the second quarter of 2022, impacting performance and outlook at Automation and resulted in a triggering event. Management revised its cash flow projections and weighted average cost of capital, resulting in a non-cash goodwill impairment charge of $68,194 related to the Automation reporting unit as the estimated fair value of the reporting unit declined below its carrying value. The goodwill impairment charge of $68,194 was recorded during the three-month period ended June 30, 2022. Based on our second quarter assessments and as noted above, the estimated fair value for each of the remaining reporting units significantly exceeded their carrying values and there was no impairment at any other reporting units in 2022. The Company has continued to evaluate the macro-economic conditions, as described above, during the second half of 2022. Based on our third and fourth quarter assessments, there was no additional impairment of goodwill as of December 31, 2022. Other Intangible Assets: Other intangible assets at December 31 consisted of: 2022 2021 Range of Gross Accumulated Gross Accumulated Amortized intangible assets: Revenue Sharing Programs Up to 30 $ 299,500 $ (164,162) $ 299,500 $ (151,961) Component Repair Programs Up to 30 111,839 (41,880) 111,839 (35,632) Customer relationships 10-16 337,189 (156,442) 337,189 (137,856) Patents and technology 4-11 123,433 (92,875) 123,433 (86,002) Trademarks/trade names 10-30 10,949 (10,772) 10,949 (10,587) Other Up to 10 9,413 (2,966) 7,450 (2,072) 892,323 (469,097) 890,360 (424,110) Unamortized intangible assets: Trade names 55,670 — 55,670 — Foreign currency translation (36,404) — (21,674) — Other intangible assets $ 911,589 $ (469,097) $ 924,356 $ (424,110) The Company has entered into a number of Aftermarket RSP and CRP agreements each of which is with our customer, General Electric ("GE"). See Note 1 for a further discussion of these programs. As of December 31, 2022, the Company has made all required payments under the RSP and CRP agreements.

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Dec. 31, 2022
Accrued Liabilities [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities at December 31 consisted of: 2022 2021 Payroll and other compensation $ 32,276 $ 49,872 Contract liabilities (Note 3) 27,857 25,374 Pension and other postretirement benefits (Note 12) 10,999 6,043 Accrued income taxes 29,201 37,908 Lease liability (Note 19) 10,209 11,125 Business reorganizations (Note 9) 11,000 1,222 Other 37,026 44,039 $ 158,568 $ 175,583

Debt and Commitments

Debt and Commitments	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt and Commitments	Debt and Commitments Long-term debt and notes and overdrafts payable at December 31 consisted of: 2022 2021 Carrying Fair Carrying Fair Amended Credit Agreement $ 466,672 $ 464,373 $ 495,262 $ 516,380 3.97% Senior Notes 100,000 96,894 100,000 105,541 Borrowings under lines of credit and overdrafts 8 8 224 224 Finance leases 4,404 4,085 6,505 6,827 Other — — 1,676 1,676 571,084 565,360 603,667 630,648 Less current maturities (1,445) (3,735) Long-term debt $ 569,639 $ 599,932 The Company’s long-term debt portfolio consists of fixed-rate and variable-rate instruments and is managed to reduce the overall cost of borrowing and to mitigate fluctuations in interest rates. Among other things, interest rate fluctuations impact the market value of the Company’s fixed-rate debt. In October 2014, the Company entered into a Note Purchase Agreement (“Note Purchase Agreement”), among the Company and New York Life Insurance Company, New York Life Insurance and Annuity Corporation and New York Life Insurance and Annuity Corporation Institutionally Owned Life Insurance Separate Account, as purchasers, for the issuance of $100,000 aggregate principal amount of 3.97% Senior Notes due October 17, 2024 (the “3.97% Senior Notes”). The 3.97% Senior Notes are senior unsecured obligations of the Company and pay interest semi-annually on April 17 and October 17 of each year at an annual rate of 3.97%. The 3.97% Senior Notes will mature on October 17, 2024 unless earlier prepaid in accordance with their terms. Subject to certain conditions, the Company may, at its option, prepay all or any part of the 3.97% Senior Notes in an amount equal to 100% of the principal amount of the 3.97% Senior Notes so prepaid, plus any accrued and unpaid interest to the date of prepayment, plus the Make-Whole Amount, as defined in the Note Purchase Agreement, with respect to such principal amount being prepaid. The fair value of the 3.97% Senior Notes was determined using the U.S. Treasury yield and a long-term credit spread for similar types of borrowings, which represent Level 2 observable inputs. On October 8, 2020, the Company entered into the sixth amendment to its fifth amended and restated revolving credit agreement with Bank of America (the “Sixth Amendment”) and the first amendment to the Note Purchase Agreement with New York Life (the “First NPA Amendment” and, collectively with the Sixth Amendment, the "Amendments"). The Sixth Amendment maintained the borrowing availability of $1,000,000 a long with access to request an additional $200,000 through an accordion feature. The Sixth Amendment and the First NPA Amendment provided for an increase in the Company’s maximum ratio of Consolidated Senior Debt, as defined, to Consolidated EBITDA, as defined, from 3.25 times (or, if a certain permitted acquisition above $150,000 is consummated, 3.50 times) to 3.75 times in each case at the end of the four fiscal quarters, beginning with December 31, 2020, and regardless of whether a permitted acquisition, as defined, is consummated, providing additional financing flexibility and access to liquidity. Additionally, the Sixth Amendment requires the Company to maintain a maximum ratio of Consolidated Total Debt, as defined, to Consolidated EBITDA, of not more than 3.75 times in each case, at the end of the four fiscal quarters, beginning with December 31, 2020, and regardless of whether a permitted acquisition is consummated. Furthermore, the First NPA Amendment provides for (i) adjustments to the ratio of Consolidated Total Debt to Consolidated EBITDA, as defined, to conform to a more restrictive total leverage ratio that may be required under the Sixth Amendment, (ii) an increase in the amount of allowable add-back for restructuring charges when calculating Consolidated EBITDA from $15,000 to $25,000 and (iii) a required fee payment equal to 0.50% per annum times the daily outstanding principal amount of the note during each of the four fiscal quarters, following the quarter ended December 31, 2020, if the Company’s Senior Leverage Ratio, as defined, exceeds 3.25 times. In October 2020, the Company paid fees and expenses of $1,384 in conjunction with executing the Amendments. Such fees have been deferred within Other Assets on the accompanying Consolidated Balance Sheet and are being amortized into interest expense on the Consolidated Statements of Income. On February 10, 2021, the Company and certain of its subsidiaries entered into the sixth amended and restated senior unsecured revolving credit agreement (the "Amended Credit Agreement") and retained Bank of America, N.A. as the Administrative Agent for the lenders. The Amended Credit Agreement maintains the $1,000,000 of availability under the facility, while increasing the available borrowings under the accordion feature from $200,000 to $250,000 (aggregate availability of $1,250,000) and extends the maturity date through February 2026. The Amended Credit Agreement also adjusts the interest rate to either the Eurocurrency rate, as defined in the Amended Credit Agreement, plus a margin of 1.175% to 1.775% or the base rate, as defined in the Amended Credit Agreement, plus a margin of 0.175% to 0.775%, depending on the Company's leverage ratio at the time of the borrowing. Multi-currency borrowings, pursuant to the Amended Credit Agreement, bear interest at their respective interbank offered rate (i.e. Euribor) or 0.00% (higher of the two rates) plus a margin of between 1.175% and 1.775% . As with the earlier facility, the Company's borrowing capacity is limited by various debt covenants in the Amended Credit Agreement, as described further below. The Amended Credit Agreement requires the Company to maintain a Senior Debt Ratio of not more than 3.25 times (or, if a permitted acquisition above $150,000 is consummated, 3.50 times at the end of each of the first four fiscal quarters ending after the consummation of any such acquisition). In addition, the Amended Credit Agreement requires the Company to maintain a Total Debt Ratio of not more than 3.75 for each fiscal quarter (or, if a permitted acquisition above $150,000 is consummated, 4.25 times at the end of each of the first four fiscal quarters ending after the consummation of any such acquisition). A ratio of Consolidated EBITDA to Consolidated Cash Interest Expense, as defined, of not less than 4.25, is required at the end of each fiscal quarter. The Company paid fees and expenses of $4,306 in conjunction with executing the Amended Credit Agreement. Such fees have been deferred within Other Assets on the Consolidated Balance Sheets and are being amortized into interest expense on the Consolidated Statements of Income through their maturity. Cash used to pay these fees has been recorded through other financing activities on the Consolidated Statements of Cash Flows. The Company further amended the Amended Credit Agreement on October 11, 2021, defining certain applicable multi-currency borrowing rates that may be used as replacement rates for LIBOR, which is expected to be discontinued by reference rate reform. See Note 1. On April 6, 2022, the Company entered into Amendment No. 1 (“Amendment No. 1”) to the Amended Credit Agreement, which (i) replaced the LIBOR interest rate for U.S. dollar loans to a term Secured Overnight Financing Rate including a Secured Overnight Financing Rate adjustment (or "SOFR", as defined in the Amended Credit Agreement), (ii) added a daily SOFR option for U.S. dollar loans and a term SOFR option for U.S. dollar loans, and (iii) added the ability to borrow foreign swing line loans based on the Euro Short Term Rate (as defined) with the same interest spread as the interest spread for SOFR Loans (as defined) and Alternative Currency Loans (defined as loans denominated in Euro, Sterling, Swiss Francs or Yen). In addition, Amendment No. 1 lowered the interest rate spread on (i) SOFR Loans and Alternative Currency Loans to a range from 0.975% to 1.70%, depending on the leverage ratio (the “Leverage Ratio”) of Consolidated Total Debt (as defined) to Consolidated EBITDA (as defined) as of the end of each fiscal quarter, and (ii) loans based on the Base Rate (as defined), to a range from 0.00% to 0.70%, depending on the Company’s Leverage Ratio as of the end of each fiscal quarter. Amendment No. 1 also lowered the facility fee, which is required to be paid by the Company under the Amended Credit Agreement and is calculated on the full amount of the revolving facility, to a range from 0.15% to 0.30%, depending on the Company’s Leverage Ratio at the end of each fiscal quarter. In April 2022, the Company paid fees and expenses of $1,037 in conjunction with executing Amendment No. 1. Such fees have been deferred within Other Assets on the Consolidated Balance Sheets and will be amortized into interest expense on the Consolidated Statements of Income through the maturity of Amended Credit Agreement. Cash used to pay these fees was recorded through other financing activities on the Consolidated Statements of Cash Flows. Borrowings and availability under the Amended Credit Agreement were $466,672 and $533,328, respectively, at December 31, 2022 and $495,262 and $504,738, respectively, at December 31, 2021, subject to covenants in the Company's revolving debt agreements. At December 31, 2022, additional borrowings of $338,869 of Total Debt (including $217,542 of Senior Debt) would have been allowed under the financial covenants. The average interest rate on these borrowings was 3.67% and 1.48% on December 31, 2022 and 2021, respectively. Borrowings included Euro-denominated borrowings of 310,700 Euros ($331,672) at December 31, 2022 and 318,450 Euros ($360,262) at December 31, 2021. The fair value of the borrowings is based on observable Level 2 inputs. The borrowings were valued using discounted cash flows based upon the Company's estimated interest costs for similar types of borrowings. At December 31, 2022, the Company was in compliance with all applicable covenants. The Company anticipates continued compliance in each of the next four quarters while continuing to monitor its future compliance based on current and future economic conditions. The Company's most restrictive financial covenant is the Senior Debt Ratio, which required the Company to maintain a ratio of Consolidated Senior Debt to Consolidated EBITDA of not more than 3.25 times at December 31, 2022. The actual ratio at December 31, 2022 was 2.35 times, as defined. In addition, the Company has approximately $71,000 in uncommitted short-term bank credit lines ("Credit Lines") and overdraft facilities. The Credit Lines are accessed locally and are available primarily within the U.S., Europe and Asia. The Credit Lines are subject to the applicable borrowing rates within each respective country and vary between jurisdictions (e.g. LIBOR, Euribor, etc.). The Company had no borrowings under the credit lines at December 31, 2022 or 2021. The Company had borrowed $8 and $224 under the overdraft facilities at December 31, 2022 and 2021, respectively. Repayments under the Credit Lines are due within one month after being borrowed. Repayments of the overdrafts are generally due within two days after being borrowed. The carrying amounts of the Credit Lines and overdrafts approximate fair value due to the short maturities of these financial instruments. The Company also has several finance leases under which $4,404 and $6,505 was outstanding at December 31, 2022 and December 31, 2021, respectively. The fair value of finance leases is based on observable Level 2 inputs. These instruments were valued using discounted cash flows based upon the Company's estimated interest costs for similar types of borrowings. Other debt includes bank acceptances. Bank acceptances represent financial instruments accepted by certain China-based vendors in lieu of cash paid on payables, generally range from three to six months in maturity and are guaranteed by banks. The Company had no bank acceptances outstanding at December 31, 2022 and $1,676 of bank acceptances outstanding at December 31, 2021. The carrying amounts of the bank acceptances approximate fair value due to the short maturities of these financial instruments. Long-term debt and notes payable as of December 31, 2022 are payable as follows: $1,445 in 2023, $101,927 in 2024, $737 in 2025, $466,975 in 2026, $0 in 2027 and $0 thereafter. The amount payable under the Amended Credit Agreement at December 31, 2022 is included in 2026 based on the maturity date of the Amended Credit Agreement. In addition, the Company had undrawn letters of credit totaling $8,068 at December 31, 2022. Interest paid was $13,535, $15,206 and $15,088 in 2022, 2021 and 2020, respectively. Interest capitalized was $391, $282 and $348 in 2022, 2021 and 2020, respectively, and is being depreciated over the lives of the related fixed assets.

Business Reorganizations

Business Reorganizations	12 Months Ended
	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Business Reorganizations	Business Reorganizations In June 2020, the Company announced restructuring and workforce reduction actions ("2020 Actions") which were implemented across its businesses and functions in response to the macroeconomic disruption in global industrial and aerospace end-markets arising from COVID-19. During 2020, a resulting pre-tax charge of $19,116 was recorded primarily related to employee severance and termination benefits. These actions were substantially complete as of December 31, 2020 and reduced the Company’s global workforce by approximately 8%. A corresponding liability of $100, per below, remained and was included within accrued liabilities as of December 31, 2022. The Company does not expect any additional costs related to the 2020 Actions. The employee termination costs are recorded primarily within Selling and Administrative Expenses in the accompanying Consolidated Statements of Income. Of the aggregate charges recorded, $2,251 was reflected within the results of the Aerospace segment, $15,907 was reflected within the results of the Industrial segment and $958 of pension curtailment and settlement losses were included in Other expense (income), net. The following table sets forth the change in the liability related to these actions: January 1, 2021 $ 13,151 Employee severance and other termination benefits (2,224) Payments (9,705) December 31, 2021 1,222 Employee severance and other termination benefits (321) Payments (801) December 31, 2022 $ 100 In 2021, the Company initiated additional restructuring actions ("2021 Actions") at a number of locations. The 2021 Actions included a transfer of manufacturing capabilities to leverage existing capacity which is expected to reduce labor and infrastructure costs. The 2021 Actions resulted in pre-tax charges of $2,869, primarily related to employee severance and termination benefits, in 2021 and net benefits of $465 in 2022 and have been recorded within Selling and Administrative Expenses in the accompanying Consolidated Statements of Income. The Company does not expect any additional costs related to the 2021 Actions. In 2022, the Company authorized additional restructuring actions (“2022 Actions”) focused on the consolidation of two manufacturing sites and a number of branch offices and changes in infrastructure to eliminate certain roles across a number of locations in the Industrial segment businesses. Resulting pre-tax charges of $17,986 were recorded in 2022. Of the aggregate, $11,880 related to employee termination costs, primarily employee severance and other termination benefits, which are expected to be paid in cash by the end of 2023 and which are recorded within Selling and Administrative Expenses in the accompanying Consolidated Statements of Income. The remaining $6,106 included $3,186 of accelerated depreciation of assets and $1,417 of pension curtailment losses and special termination benefits which are recorded in Cost of sales and Other expense (income), net, respectively, in the accompanying Consolidated Statements of Income. A corresponding liability of $10,900, per below, related to the employee termination costs remained and was included within accrued liabilities as of December 31, 2022. The Company expects to incur additional costs of approximately $11,000 in 2023 related to the 2022 Actions, which are expected to be completed in 2023. The following table sets forth the change in the liability for the employee termination costs related to the 2022 Actions: January 1, 2022 $ — Employee severance and other termination benefits 11,880 Payments (980) December 31, 2022 $ 10,900

Derivatives

Derivatives	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives The Company has manufacturing, service and sales facilities around the world and thus makes investments and conducts business transactions denominated in various currencies. The Company is also exposed to fluctuations in interest rates and commodity price changes. These financial exposures are monitored and managed by the Company as an integral part of its risk management program. Derivative financial instruments have been used by the Company to hedge its exposure to fluctuations in interest rates. On April 28, 2017, the Company entered into an interest rate swap agreement (the "2017 Swap") with one bank which converted the interest on the first $100,000 of the Company's one-month LIBOR-based borrowings from a variable rate plus the borrowing spread to a fixed rate of 1.92% plus the borrowing spread. The 2017 Swap expired on January 31, 2022. On March 24, 2021, the Company entered into a new interest rate swap agreement (the "2021 Swap") with this same bank that commenced on January 31, 2022 and that converted the interest on the first $100,000 of the Company's one-month LIBOR-based borrowings from a variable rate plus the borrowing spread to a fixed rate of 1.17% plus the borrowing spread. On April 6, 2022, the Company entered into Amendment No. 1 to the Amended Credit Agreement, which replaced the LIBOR interest rate for U.S. dollar loans with the SOFR rate (see Note 8). As a result, in May 2022 the Company subsequently amended the 2021 Swap (the "Amended 2021 Swap"), effective April 30, 2022, such that the one-month SOFR-based borrowing rate replaced the one-month LIBOR-based borrowing rate. The Amended 2021 Swap, which will expire on January 30, 2026, converts the interest rate on the first $100,000 of the Company's one-month SOFR-based borrowings from a variable rate plus the borrowing spread to a fixed rate of 1.075% plus the borrowing spread. The execution of the Amended 2021 Swap did not result in a material impact on our business, financial condition, results of operations or cash flow. These interest rate swap agreements (the "Swaps") are accounted for as cash flow hedges. The Company also uses derivative financial instruments to hedge its exposures to fluctuations in foreign currency exchange rates. The Company has various contracts outstanding which primarily hedge recognized assets or liabilities and anticipated transactions in various currencies including the Euro, British pound sterling, U.S. dollar, Canadian dollar, Japanese yen, Singapore dollar, Korean won, Swedish kroner, Chinese renminbi, Mexican peso, Hong Kong dollar and Swiss franc. Certain foreign currency derivative instruments are treated as cash flow hedges of forecasted transactions. All foreign exchange contracts are due within two years. The Company does not use derivatives for speculative or trading purposes or to manage commodity exposures. The Company records the derivatives at fair value on the Consolidated Balance Sheets within Prepaid Expenses and Other Current Assets, Other Assets, Accrued Liabilities or Other Liabilities depending on their fair value and remaining contractual period. Changes in the fair market value of derivatives accounted for as cash flow hedges are recorded to accumulated other comprehensive income and reclassified to earnings in a manner that matches the earnings impact of the hedged transaction. Reclassifications to earnings for the Swaps are recorded through interest expense and reclassifications to earnings for foreign exchange contracts are recorded through net sales. Changes in the fair market value of the foreign exchange contracts that are not designated hedging instruments are recorded directly to earnings through Other expense (income), net. The fair values of the Amended 2021 Swap were $8,535 and $316 as of December 31, 2022 and December 31, 2021, respectively, and were recorded in Other Assets in the Consolidated Balance Sheets for the periods. The fair values of the Company's other derivatives were not material to the Company's Consolidated Balance Sheets as of December 31, 2022 or December 31, 2021 . See Note 11. With the exception of the increase in fair value of the Amended 2021 Swap from December 31, 2021 to December 31, 2022, t he activity related to the derivatives that have been designated hedging instruments was not material to the Company's Consolidated Financial Statements for the periods ended December 31, 2022, 2021 or 2020 . The Company recognized (losses) gains of $(12,937), $(2,494) and $5,631 related to the foreign exchange contracts that are not accounted for as hedging instruments within other expense (income), net, in the Consolidated Statements of Income for the periods ended December 31, 2022, 2021 and 2020 , respectively. Such (losses) gains were substantially offset by net gains or losses recorded on the underlying hedged asset or liability (the "underlying"). Offsetting net gains or losses on the underlying are also recorded within Other expense (income), net. The Company's policy for classifying cash flows from derivatives is to report the cash flows consistent with the underlying hedged item. Other financing cash flows during the years ended December 31, 2022, 2021 and 2020, as presented on the Consolidated

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The provisions of the accounting standard for fair value define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. This standard classifies the inputs used to measure fair value into the following hierarchy: Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 Unadjusted quoted prices in active markets for similar assets or liabilities, or unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or inputs other than quoted prices that are observable for the asset or liability. Level 3 Unobservable inputs for the asset or liability. The following table provides the assets and liabilities reported at fair value and measured on a recurring basis as of December 31, 2022 and 2021: Fair Value Measurements Using Total Quoted Prices in Significant Other Significant December 31, 2022 Asset derivatives $ 8,856 $ — $ 8,856 $ — Liability derivatives (1,023) — (1,023) — Bank acceptances 13,260 — 13,260 — Rabbi trust assets 2,104 2,104 — — $ 23,197 $ 2,104 $ 21,093 $ — December 31, 2021 Asset derivatives $ 375 $ — $ 375 $ — Liability derivatives (107) — (107) — Bank acceptances 13,240 — 13,240 — Rabbi trust assets 3,001 3,001 — — $ 16,509 $ 3,001 $ 13,508 $ — The derivative contracts are valued using observable current market information as of the reporting date such as the prevailing SOFR-based interest rates and foreign currency spot and forward rates. Bank acceptances represent financial instruments accepted from certain China-based customers in lieu of cash paid on receivables, have maturities of one year or less and are guaranteed by banks. The carrying amounts of the bank acceptances, which are included within prepaid expenses and other current assets, approximate fair value due to their short maturities. The fair values of rabbi trust assets are based on quoted market prices from various financial exchanges. For disclosures of the fair values of the Company’s pension plan assets, see Note 12.

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefits	Pension and Other Postretirement Benefits The accounting standards related to employers’ accounting for defined benefit pension and other postretirement plans requires the Company to recognize the funded status of its defined benefit postretirement plans as assets or liabilities in the accompanying consolidated balance sheets and to recognize changes in the funded status of the plans in comprehensive income. The Company has various defined contribution plans, the largest of which is its Retirement Savings Plan. Most U.S. salaried and non-union hourly employees are eligible to participate in this plan. See Note 17 for further discussion of the Retirement Savings Plan. The Company also maintains various other defined contribution plans which cover certain other employees. Company contributions under certain of these plans are based on the performance of the business units and employee compensation. Contribution expense under these other defined contribution plans was $4,870, $5,475 and $5,301 in 2022, 2021 and 2020, respectively. Defined benefit pension plans in the U.S. cover a majority of the Company’s U.S. employees at the Engineered Components and Force & Motion Control businesses of Industrial, certain former U.S. employees, including retirees, and a portion of employees at the Company’s Corporate Office. Employees at certain international businesses within Industrial are also covered by defined benefit pension plans. Plan benefits for salaried and non-union hourly employees are based on years of service and average salary. Plans covering union hourly employees provide benefits based on years of service. The Company funds U.S. pension costs in accordance with the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Non-U.S. defined benefit pension plans cover certain employees of certain international locations in Europe and Canada. The Company provides other medical, dental and life insurance postretirement benefits for certain of its retired employees in the U.S. and Canada. It is the Company’s practice to fund these benefits as incurred. The accompanying balance sheets reflect the funded status of the Company’s defined benefit pension plans at December 31, 2022 and 2021. Reconciliations of the obligations and funded status of the plans follow: 2022 2021 U.S. Non-U.S. Total U.S. Non-U.S. Total Benefit obligation, January 1 $ 442,756 $ 89,460 $ 532,216 $ 461,296 $ 96,508 $ 557,804 Service cost 3,869 1,820 5,689 4,378 2,169 6,547 Interest cost 13,144 964 14,108 11,963 786 12,749 Amendments 121 — 121 862 — 862 Actuarial gain (94,516) (23,739) (118,255) (10,734) (3,747) (14,481) Benefits paid (24,882) (2,592) (27,474) (25,009) (4,499) (29,508) Transfers in — 2,694 2,694 — 2,468 2,468 Plan curtailments 708 — 708 — (603) (603) Plan settlements — (4,527) (4,527) — (2,464) (2,464) Special termination benefits 395 — 395 — — — Participant contributions — 1,034 1,034 — 1,171 1,171 Foreign exchange rate changes — (4,403) (4,403) — (2,329) (2,329) Benefit obligation, December 31 341,595 60,711 402,306 442,756 89,460 532,216 Fair value of plan assets, January 1 422,563 87,366 509,929 413,898 88,880 502,778 Actual return on plan assets (95,573) (10,275) (105,848) 30,880 2,214 33,094 Company contributions 2,773 1,321 4,094 2,794 1,403 4,197 Participant contributions — 1,034 1,034 — 1,171 1,171 Benefits paid (24,882) (2,592) (27,474) (25,009) (4,499) (29,508) Plan settlements — (4,527) (4,527) — (2,464) (2,464) Transfers in — 2,694 2,694 — 2,468 2,468 Foreign exchange rate changes — (4,982) (4,982) — (1,807) (1,807) Fair value of plan assets, December 31 304,881 70,039 374,920 422,563 87,366 509,929 (Underfunded) Overfunded status, December 31 $ (36,714) $ 9,328 $ (27,386) $ (20,193) $ (2,094) $ (22,287) Benefit obligations decreased in 2022 and 2021 primarily due to actuarial gains, resulting largely from increases in the discount rate, and the payment of benefits to plan participants, partially offset by interest costs. Projected benefit obligations related to pension plans with benefit obligations in excess of plan assets follow: 2022 2021 U.S. Non-U.S. Total U.S. Non-U.S. Total Projected benefit obligation $ 268,811 $ 34,820 $ 303,631 $ 43,184 $ 49,272 $ 92,456 Fair value of plan assets 226,866 33,856 260,722 5,592 34,463 40,055 Information related to pension plans with accumulated benefit obligations in excess of plan assets follows: 2022 2021 U.S. Non-U.S. Total U.S. Non-U.S. Total Accumulated benefit obligation $ 46,267 $ 34,762 $ 81,029 $ 43,108 $ 49,131 $ 92,239 Fair value of plan assets 9,813 33,856 43,669 5,592 34,463 40,055 The accumulated benefit obligation for all defined benefit pension plans was $395,663 and $520,356 at December 31, 2022 and 2021, respectively. Amounts related to pensions recognized in the accompanying balance sheets consist of: 2022 2021 U.S. Non-U.S. Total U.S. Non-U.S. Total Other assets $ 5,231 $ 10,292 $ 15,523 $ 17,399 $ 12,715 $ 30,114 Accrued liabilities 8,369 — 8,369 3,160 — 3,160 Accrued retirement benefits 33,576 964 34,540 34,432 14,809 49,241 Accumulated other non-owner changes to equity, net (108,265) (2,636) (110,901) (96,425) (13,684) (110,109) Amounts related to pensions recognized in accumulated other non-owner changes to equity, net of tax, at December 31, 2022 and 2021, respectively, consist of: 2022 2021 U.S. Non-U.S. Total U.S. Non-U.S. Total Net actuarial loss $ (106,887) $ (2,131) $ (109,018) $ (94,496) $ (13,095) $ (107,591) Prior service costs (1,378) (505) (1,883) (1,929) (589) (2,518) $ (108,265) $ (2,636) $ (110,901) $ (96,425) $ (13,684) $ (110,109) The accompanying balance sheets reflect the underfunded status of the Company’s other postretirement benefit plans at December 31, 2022 and 2021. Reconciliations of the obligations and underfunded status of the plans follow: 2022 2021 Benefit obligation, January 1 $ 29,839 $ 33,104 Service cost 77 103 Interest cost 808 819 Actuarial gain (6,375) (2,115) Benefits paid (2,597) (2,690) Participant contributions 141 589 Foreign exchange rate changes 71 29 Benefit obligation, December 31 21,964 29,839 Fair value of plan assets, January 1 — — Company contributions 2,456 2,101 Participant contributions 141 589 Benefits paid (2,597) (2,690) Fair value of plan assets, December 31 — — Underfunded status, December 31 $ 21,964 $ 29,839 Benefit obligations decreased in 2022 and 2021 primarily due to increases in actuarial gains, resulting largely from increases in the discount rate, and by the payment of benefits to plan participants. Amounts related to other postretirement benefits recognized in the accompanying balance sheets consist of: 2022 2021 Accrued liabilities $ 2,630 $ 2,883 Accrued retirement benefits 19,334 26,956 Accumulated other non-owner changes to equity, net 2,261 (2,198) Amounts related to other postretirement benefits recognized in accumulated other non-owner changes to equity, net of tax, at December 31, 2022 and 2021 consist of: 2022 2021 Net actuarial gain (loss) $ 2,269 $ (2,141) Prior service loss (8) (57) $ 2,261 $ (2,198) The sources of changes in accumulated other non-owner changes to equity, net, during 2022 were: Pension Other Prior service cost $ (92) $ — Net gain (loss) (11,480) 4,441 Amortization of prior service costs 636 27 Amortization of actuarial loss 9,218 (2) Foreign exchange rate changes 926 (7) $ (792) $ 4,459 Weighted-average assumptions used to determine benefit obligations as of December 31, are: 2022 2021 U.S. plans: Discount rate 5.50 % 2.95 % Increase in compensation 3.05 % 3.03 % Non-U.S. plans: Discount rate 3.60 % 1.17 % Increase in compensation 2.76 % 2.77 % Interest crediting rate 2.01 % 1.34 % The investment strategy of the plans is to generate a consistent total investment return sufficient to pay present and future plan benefits to retirees, while minimizing the long-term cost to the Company. Target allocations for asset categories are used to earn a reasonable rate of return, provide required liquidity and minimize the risk of large losses. Targets may be adjusted, as necessary, to reflect trends and developments within the overall investment environment. The weighted-average target investment allocations by asset category were as follows during 2022: 65% in equity securities and 35% in fixed income securities, including cash. The fair values of the Company’s pension plan assets at December 31, 2022 and 2021 by asset category are as follows: Fair Value Measurements Using Asset Category Total Quoted Prices in Significant Other Significant December 31, 2022 Cash and short-term investments $ 3,542 $ 3,542 $ — $ — Equity securities: U.S. large-cap 35,734 — 35,734 — U.S. mid-cap 14,205 14,205 — — U.S. small-cap 14,622 14,622 — — International equities 104,377 — 104,377 — Global equity 42,154 42,154 — — Fixed income securities: U.S. bond funds 97,170 — 97,170 — International bonds 61,295 — 61,295 — Other 1,821 — — 1,821 $ 374,920 $ 74,523 $ 298,576 $ 1,821 December 31, 2021 Cash and short-term investments 4,195 4,195 — — Equity securities: U.S. large-cap 49,079 — 49,079 — U.S. mid-cap 19,469 19,469 — — U.S. small-cap 18,795 18,795 — — International equities 136,557 — 136,557 — Global equity 60,393 60,393 — — Fixed income securities: U.S. bond funds 143,035 — 143,035 — International bonds 75,515 — 75,515 — Other 2,891 — — 2,891 $ 509,929 $ 102,852 $ 404,186 $ 2,891 The fair values of the Level 1 assets are based on quoted market prices from various financial exchanges. The fair values of the Level 2 assets are based primarily on quoted prices in active markets for similar assets or liabilities. The Level 2 assets are comprised primarily of commingled equity funds and fixed income securities. Commingled equity funds are valued at their net asset values based on quoted market prices of the underlying assets. Fixed income securities are valued using a market approach which considers observable market data for the underlying asset or securities. The Level 3 assets relate to a defined benefit plan within the Molding Solutions business. These pension assets are fully insured and have been estimated based on accrued pension rights and actuarial rates. These pension assets are limited to fulfilling the Company's pension obligations. The Company expects to contribute approximately $9,712 to the pension plans in 2023. No contributions to the U.S. Qualified pension plans, specifically, are required, and the Company does not currently plan to make any discretionary contributions to such plans in 2023. The following are the estimated future net benefit payments, which include future service, over the next 10 years: Pensions Other 2023 $ 34,976 $ 2,630 2024 32,411 2,400 2025 32,292 2,247 2026 32,165 2,079 2027 28,824 1,947 Years 2028-2032 141,030 8,196 Total $ 301,698 $ 19,499 Pension and other postretirement benefit costs consist of the following: Pensions Other 2022 2021 2020 2022 2021 2020 Service cost $ 5,689 $ 6,547 $ 6,269 $ 77 $ 103 $ 81 Interest cost 14,108 12,749 15,084 808 819 1,041 Expected return on plan assets (28,944) (27,858) (29,698) — — — Amortization of prior service cost 387 332 359 36 29 27 Recognized losses 12,710 16,006 13,626 (2) 258 35 Curtailment loss/(gain) 1,158 (133) 484 — — — Settlement (gain)/loss (605) 205 549 — — — Special termination benefits 395 — — — — — Net periodic benefit cost $ 4,898 $ 7,848 $ 6,673 $ 919 $ 1,209 $ 1,184 The curtailment loss of $1,158 and a portion of the special termination benefits of $395 in 2022 as well as the curtailment loss of $484 and a majority of the settlement loss of $549 in 2020 relate to restructuring and workforce reduction actions that were taken during the periods. See Note 9. The components of net periodic benefit cost other than service cost are included in Other Expense (Income) on the Consolidated Statements of Income. Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31 are: 2022 2021 2020 U.S. plans: Discount rate 2.95 % 2.65 % 3.40 % Long-term rate of return 7.25 % 7.25 % 7.75 % Increase in compensation 3.03 % 2.56 % 2.56 % Non-U.S. plans: Discount rate 1.17 % 0.83 % 1.28 % Long-term rate of return 2.33 % 1.96 % 3.02 % Increase in compensation 2.77 % 2.75 % 2.75 % Interest crediting rate 1.34 % 1.34 % 1.34 % The expected long-term rate of return is based on consideration of projected rates of return and the historical rates of return of published indices that reflect the plans’ target asset allocation. The Company’s accumulated postretirement benefit obligations, exclusive of pensions, take into account certain cost-sharing provisions. The annual rate of increase in the cost of covered benefits (i.e., health care cost trend rate) is assumed to be 7.52% and 6.56% at December 31, 2022 and 2021, respectively, decreasing gradually to a rate of 4.00% by December 31, 2046. The Company actively contributes to a Swedish pension plan that supplements the Swedish social insurance system. The pension plan guarantees employees a pension based on a percentage of their salary and represents a multi-employer pension plan, however the pension plan was not significant in any year presented. This pension plan is not underfunded.

Stock-based Compensation

Stock-based Compensation	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Stock-based Compensation	Stock-Based Compensation The Company measures the cost of all share-based payments, including stock options, at fair value on the grant date and recognizes this cost in the results of operations, net of expected forfeitures. With the exception of the performance-vested stock options granted in July 2022 under the CEO’s Stock Option Award (“Performance-Vested Stock Options”), the fair value of stock options is estimated on the grant date using the Black-Scholes option-pricing model based on certain assumptions. The fair value of the Performance-Vested Stock Options is estimated on the grant date using the Monte Carlo valuation method. The fair values of service- and performance-based stock awards are estimated based on the fair market value of the Company’s stock price on the grant date. The fair value of market-based performance share awards is estimated on the grant date using the Monte Carlo valuation method. Refer to Note 17 for a description of the Company’s stock-based compensation plans and their general terms. As of December 31, 2022, incentives have been awarded in the form of performance share awards and restricted stock unit awards (collectively, “Rights”) and stock options. The Company has elected to use the straight-line method to recognize compensation costs. Stock options and awards typically vest over a period ranging from six months to five years. Performance-Vested Stock Options cliff-vest in five years, subject to continued service and the achievement of compound annual growth rates (“CAGRs”) in the price of the Company’s common shares above the option exercise price as of the fifth anniversary of the grant date, with 0% vesting at a CAGR of less than 5%, 33.3% vesting at a CAGR of 5%, 66.6% vesting at a CAGR of 7% and 100% vesting at a CAGR of 9% or greater. The maximum term of stock option awards is 10 years. Upon exercise of a stock option or upon vesting of Rights, shares may be issued from treasury shares held by the Company or from authorized shares. During 2022, 2021 and 2020, the Company recognized $12,804, $11,470, and $10,300, respectively, of stock-based compensation cost and $2,444, $2,263, and $2,198, respectively, of related tax benefits in the accompanying consolidated statements of income. Additionally, the Company recognized excess tax expense in the tax provision of $(1,257), $(523) and $(579) in 2022, 2021 and 2020, respectively. The Company has realized all available tax benefits related to deductions from excess stock awards exercised or Rights vested. At December 31, 2022, the Company had $20,435 of unrecognized compensation costs related to unvested awards which are expected to be recognized over a weighted average period of 3.15 years. The following table summarizes information about the Company’s stock option awards during 2022: Number of Weighted-Average Outstanding, January 1, 2022 766,614 $ 50.71 Granted 1,306,370 31.66 Exercised (5,209) 28.77 Forfeited (215,172) 46.83 Outstanding, December 31, 2022 1,852,603 37.79 The following table summarizes information about stock options outstanding at December 31, 2022: Options Outstanding Options Exercisable Range of Number Average Average Number Average $30.32 1,183,406 9.53 $ 30.32 — $ — $30.71 to $37.13 128,164 3.15 32.14 120,800 32.07 $45.25 to $47.07 154,882 5.31 46.36 117,282 46.72 $51.55 to $59.28 209,082 5.16 55.89 176,676 56.49 $59.46 to $66.10 177,069 5.00 62.92 168,045 62.94 The Company received cash proceeds from the exercise of stock options of $150, $1,083 and $1,596 in 2022, 2021 and 2020, respectively. The total intrinsic value (the amount by which the stock price exceeded the exercise price of the option on the date of exercise) of the stock options exercised during 2022, 2021 and 2020 was $55, $439 and $781, respectively. The weighted-average grant date fair value of stock options (excluding performance-vested stock options) granted in 2022, 2021 and 2020 was $15.63, $17.30, and $14.69, respectively. The fair value of each stock option grant on the date of grant was estimated using the Black-Scholes option-pricing model based on the following weighted average assumptions: 2022 2021 2020 Risk-free interest rate 1.98 % 0.55 % 1.45 % Expected life (years) 5.5 5.5 5.5 Expected volatility 40.1 % 40.0 % 26.0 % Expected dividend yield 1.22 % 1.23 % 1.25 % The risk-free interest rate is based on the term structure of interest rates at the time of the option grant. The expected life represents an estimate of the period of time that options are expected to remain outstanding. Assumptions of expected volatility of the Company’s common stock and expected dividend yield are estimates of future volatility and dividend yields based on historical trends. The grant date fair value of the performance-vested stock options granted in 2022 was $8.45 and was estimated using the Monte Carlo valuation method since it includes a market condition. The assumptions used to determine the fair value of the 2022 award include a 3.46% risk-free interest rate and a 34.5% expected volatility rate. Compensation expense for the performance-vested stock options is fixed at the date of grant and will not be adjusted in future periods based upon the achievement of the stock price CAGR performance goal. The following table summarizes information about stock options outstanding that are expected to vest and stock options outstanding that are exercisable at December 31, 2022: Options Outstanding, Expected to Vest Options Outstanding, Exercisable Shares (1) Weighted- Aggregate Weighted- Shares Weighted- Aggregate Weighted- 1,784,035 $ 37.79 $ 13,075 7.82 582,803 $ 51.32 $ 1,061 4.21 (1) Includes 1,183,406 of Performance-Vested Stock Options that were granted to the CEO in July 2022. It is assumed that such options achieve the required five-year compound annual growth rates and are 100% vested. The following table summarizes information about the Company’s Rights during 2022: Service Based Rights Service and Performance Based Rights Service and Market Based Rights Number of Units Weighted-Average Grant Date Fair Value Number of Units Weighted-Average Grant Date Fair Value Number of Units Weighted-Average Grant Date Fair Value Outstanding, January 1, 2022 259,107 $ 49.27 174,197 $ 58.70 87,115 $ 97.62 Granted 250,789 40.75 90,412 44.72 45,222 83.42 Forfeited (86,056) 49.59 (71,329) 49.33 (35,664) 87.89 Additional Earned — — (52,919) 60.53 (26,469) 97.19 Issued (121,601) 52.98 — — — — Outstanding, December 31, 2022 302,239 140,361 70,204 The Company granted 250,789 restricted stock unit awards and 135,634 performance share awards in 2022. All of the restricted stock unit awards vest upon meeting certain service conditions. "Additional Earned" reflects performance share awards earned above or failed to earn (below) target that have been issued. The performance share awards are part of the long-term Performance Share Award Program (the "Awards Program"), which is designed to assess the long-term Company performance relative to the performance of companies included in the Russell 2000 Index or to pre-established goals. The performance goals are independent of each other and based on equally weighted metrics. For awards granted in 2022, 2021 and 2020, the metrics included the Company's total shareholder return ("TSR"), operating income before depreciation and amortization growth ("EBITDA growth") and return on invested capital ("ROIC"). The TSR and EBITDA growth metrics are designed to assess the long-term Company performance relative to the performance of companies included in the Russell 2000 Index over a three-year period. ROIC is designed to assess the Company’s performance compared to pre-established goals over a three-year performance period. The participants can earn from zero to 250% of the target award and the award includes a forfeitable right to dividend equivalents, which are not included in the aggregate target award numbers. Compensation expense for the awards is recognized over the three-year service period based upon the value determined under the intrinsic value method for EBITDA growth and ROIC portions of the award and the Monte Carlo simulation valuation model for the TSR portion of the award since it contains a market condition. The assumptions used to determine the weighted-average fair values of the market based portion of the 2022 awards include a 1.98% risk-free interest rate and a 50.27% expected volatility rate.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The components of Income from continuing operations before income taxes and Income taxes follow: 2022 2021 2020 Income from continuing operations before income taxes: U.S. $ (53,088) $ (28,832) $ (21,538) International 91,273 156,649 123,033 Income from continuing operations before income taxes $ 38,185 $ 127,817 $ 101,495 Income tax provision: Current: U.S. – federal $ 276 $ 4,733 $ 3,697 U.S. – state 778 1,009 (92) International 29,374 38,609 41,506 30,428 44,351 45,111 Deferred: U.S. – federal $ (790) $ (6,800) $ 1,914 U.S. – state (579) (1,051) 222 International (4,353) (8,556) (9,127) (5,722) (16,407) (6,991) Income taxes $ 24,706 $ 27,944 $ 38,120 In 2021, the Company had a deferred tax liability for foreign withholding taxes of $185 on $3,501 of undistributed earnings on its international subsidiaries earned before 2017. In 2022, the Company removed the deferred tax liability as any related foreign withholding tax has been paid and all other undistributed earnings have been considered indefinitely reinvested. All remaining earnings are considered indefinitely reinvested as defined per the indefinite reversal criterion within the accounting guidance for income taxes. If the earnings were distributed in the form of dividends, the Company would not be subject to U.S. Tax but could be subject to foreign income and withholding taxes. Determination of the amount of this unrecognized deferred income tax liability is not practicable. The Company did not repatriate any dividends to the U.S. from accumulated foreign earnings in 2022, as compared to $68,262 in 2021. On December 31, 2022, the Company's unremitted foreign earnings were approximately $1,799,000. Deferred income tax assets and liabilities at December 31 consist of the tax effects of temporary differences related to the following: 2022 2021 Deferred tax assets: Pension $ 11,505 $ 8,803 Tax loss carryforwards 10,970 11,067 Inventory valuation 8,015 10,660 Other postretirement/postemployment costs 7,715 7,741 Accrued compensation 7,430 9,775 Goodwill 8,981 14,960 Lease obligation 8,493 9,790 Other 17,310 16,609 Valuation allowance (6,456) (3,869) Total deferred tax assets 73,963 85,536 Deferred tax liabilities: Depreciation and amortization (81,409) (94,286) Goodwill (9,899) (9,909) Swedish tax incentive (7,196) (8,531) Right of use liability (8,456) (9,826) Other (11,537) (7,712) Total deferred tax liabilities (118,497) (130,264) Net deferred tax liabilities $ (44,534) $ (44,728) Amounts related to deferred taxes in the balance sheets as of December 31, 2022 and 2021 are presented as follows: 2022 2021 Non-current deferred tax assets $ 18,028 $ 21,976 Non-current deferred tax liabilities (62,562) (66,704) Net deferred tax liabilities $ (44,534) $ (44,728) The standards related to accounting for income taxes require that deferred tax assets be reduced by a valuation allowance if, based on all available evidence, it is more likely than not that the deferred tax asset will not be realized. Available evidence includes the reversal of existing taxable temporary differences, future taxable income exclusive of temporary differences, taxable income in carryback years and tax planning strategies. The realization of these assets is dependent in part on the amount and timing of future taxable income in the jurisdictions where deferred tax assets reside. As of December 31, 2022, the Company has gross tax loss carryforwards of $36,236; $3,599 which relates to U.S tax loss carryforwards which have carryforward periods up to 20 years for federal purposes and ranging from one one one In the second quarter of 2021, the Italian tax authorities released tax guidance related to the application of tax basis realignment rules for intangible property ("Realignment") which provides Italian taxpayers with the opportunity to step up the basis of goodwill and intangibles to their fair market value and amortize the step up over 18 years for tax purposes in exchange for paying a 3% tax on the step up, payable over a three years period. The Company opted to elect the Realignment in June 2021 and accordingly recorded a tax payable of $3,008 and a long-term tax payable of $6,016. The Company made its first required installment payment of $3,008 during the third quarter of 2021, reducing the long-term tax payable accordingly. The Company also recorded a deferred tax asset of $83,921 related to the Realignment. Accounting guidance requires that when a deferred tax asset is realigned for tax purposes, a corresponding revaluation reserve also be recorded. Under Italian tax rules, any dividends paid out of this revaluation reserve are subject to tax at a 24% rate. Accordingly, the Company recorded a deferred tax liability of $72,190 related to the potential 24% tax due on any dividends, paid out of the revaluation reserve. The deferred tax asset and liability balances have been presented on a net basis on the Consolidated Balance Sheets. The Company also recorded a one-time $2,707 benefit to the provision related to this election and related accounting. In December 2021, the Italian government increased the amortization period to 50 years but then reversed the period back to 10 years for the intangible component of the step up in 2022 ; however the change has no impact on the accounting for the transaction as reported above. In August 2022, the U.S. government enacted tax legislation commonly referred to as the Inflation Reduction Act of 2022 (“IRA”) into law. The IRA will impose a 1% excise tax on the fair market value of certain stock repurchased by a public traded company after December 31, 2022 and restored and modified certain tax-related energy incentives. The Company does not anticipate a material impact on our business, financial condition, results of operations or cash flow as a result of this change. Management is required to assess whether its valuation allowance analysis is affected by various components of tax law including future GILTI inclusions, changes to the deductibility of executive compensation and interest expense and changes to the NOL and FTC rules. The Company increased the valuation allowance by $2,559 for payments to be made to covered employees in the future, which the Company believes will not be deductible under Section 162M. The total valuation allowance recorded against future executive compensation is $3,198. A reconciliation of the U.S. federal statutory income tax rate to the consolidated effective income tax rate from continuing operations follows: 2022 2021 2020 U.S. federal statutory income tax rate 21.0 % 21.0 % 21.0 % Foreign operations taxed at different rates 0.6 0.1 5.6 Foreign losses without tax benefit 7.5 1.9 3.0 Italian goodwill & intangible realignment — (2.1) — Goodwill impairment 37.5 — — GILTI 12.0 2.3 3.0 Tax holidays (30.2) (2.5) (1.0) Stock awards excess tax expense 3.3 0.4 0.6 Tax on Seeger transaction — — 4.9 Charge (benefit) for change in valuation allowances 9.3 — (0.5) Audits including MAP Approval 2.8 (1.5) 0.2 Adjustment to prior year's tax return (2.2) 1.0 — Foreign tax rate change — 0.4 — Other 3.1 0.9 0.8 Consolidated effective income tax rate 64.7 % 21.9 % 37.6 % In 2019 and 2017, the Company recorded additional income taxes resulting from audits at certain subsidiaries in Germany. The Company filed applications with the Internal Revenue Service ("IRS") under the Mutual Aid Process ("MAP") to allow for offsetting positions within the US tax filings for the Germany-related adjustments. In 2021 the MAP applications were approved by the IRS. The Company recognized a tax benefit of $1,967 in 2021 to reflect the tax benefit realized as a result of the IRS approval. Payment of the Transition Tax assessed is required over an eight-year period. The short-term portion of the Transition Tax payable, $13,029, has been included within Accrued Liabilities on the Consolidated Balance Sheet as of December 31, 2022. The long-term portion of the assessment, $39,086, is included as a Long-term tax liability on the Consolidated Balance Sheet and is payable as follows: $17,371 in 2024 and $21,715 in 2025. The Aerospace and Industrial segments have a number of multi-year tax holidays in Singapore, China and Malaysia. Tax benefits of $11,528 ($0.23 per diluted share), $3,219 ($0.06 per diluted share) and $1,065 ($0.02 per diluted share) were realized in 2022, 2021 and 2020, respectively. T hese holidays are subject to the Company meeting certain commitments in the respective jurisdictions. Aerospace was granted an income tax holiday for operations recently established in Malaysia. This holiday commenced effective November 2020 (retroactively) and remains effective for a period of ten years. The China tax holiday was granted in 2021 and the holiday runs for a three year period ending December 31, 2023. It is anticipated that the Company will re-apply for the holiday in 2024. The Aerospace business was granted additional tax holidays in Singapore under the Pioneer program in 2022. This holiday provides reduced tax rates for certain Aerospace programs manufactured at the Singapore location and will run through December 2025. Income taxes paid globally, net of refunds, were $49,639, $58,324, and $60,427 in 2022, 2021 and 2020, respectively. As of December 31, 2022, 2021 and 2020, the total amount of unrecognized tax benefits recorded in the consolidated balance sheet was $8,250, $8,671, and $9,156, respectively, which, if recognized, would have reduced the effective tax rate in prior years, with the exception of amounts related to acquisitions. A reconciliation of the unrecognized tax benefits for 2022, 2021 and 2020 follows: 2022 2021 2020 Balance at January 1 $ 8,671 $ 9,156 $ 8,919 Increase (decrease) in unrecognized tax benefits due to: Tax positions taken during prior periods — — 550 Tax positions taken during the current period 873 637 649 Settlements — (70) — Lapse of the applicable statute of limitations (1,171) (1,218) (900) Foreign currency translation (123) 166 (62) Balance at December 31 $ 8,250 $ 8,671 $ 9,156 The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in income tax expense. The Company recognized interest and penalties as a component of income taxes of $(264), $(93), and $(196) in the years 2022, 2021 and 2020, respectively. The liability for unrecognized tax benefits includes gross accrued interest and penalties of $3,318, $3,582, and $3,675 at December 31, 2022, 2021 and 2020, respectively. The Company or its subsidiaries file income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. In the normal course of business, the Company is subject to examination by various taxing authorities, including the IRS in the U.S. and the taxing authorities in other major jurisdictions including China, Germany, Singapore, Sweden and Switzerland. With a few exceptions, tax years remaining open to examination in significant foreign jurisdictions include tax years 2018 and forward and for the U.S. include tax years 2016 and forward. The Company is undergoing a tax audit by the IRS for the 2016, 2017 and 2018 tax year.

Common Stock

Common Stock	12 Months Ended
	Dec. 31, 2022
Common Stock, Number of Shares, Par Value and Other Disclosure [Abstract]
Common Stock	Common Stock There were no shares of common stock issued from treasury in 2022, 2021 or 2020. In 2022, 2021 and 2020, the Company acquired 200,000 shares, 100,000 shares and 396,000 shares, respectively, of the Company’s common stock at a cost of $6,721, $5,229 and $15,550, respectively. These amounts exclude shares reacquired to pay for the related income tax upon issuance of shares in accordance with the terms of the Company’s stockholder-approved equity compensation plans and the equity rights granted under those plans ("Reacquired Shares"). These Reacquired Shares were placed in treasury.

Preferred Stock

Preferred Stock	12 Months Ended
	Dec. 31, 2022
Preferred Stock, Number of Shares, Par Value and Other Disclosure [Abstract]
Preferred Stock	Preferred Stock At December 31, 2022 and 2021, the Company had 3,000,000 shares of preferred stock authorized, none of which were outstanding.

Stock Plans

Stock Plans	12 Months Ended
	Dec. 31, 2022
Stock Plans [Abstract]
Stock Plans	Stock Plans Most U.S. salaried and non-union hourly employees are eligible to participate in the Company’s 401(k) plan (the "Retirement Savings Plan"). The Retirement Savings Plan provides for the investment of employer and employee contributions in various investment alternatives including the Company’s common stock, at the employee’s direction. The Company contributes an amount equal to 50% of employee contributions up to 6% of eligible compensation. The Company expenses all contributions made to the Retirement Savings Plan. Effective January 1, 2013, the Retirement Savings Plan was amended to provide certain salaried employees hired on or after January 1, 2013 with an additional annual retirement contribution of 4% of eligible earnings. The Company recognized expense of $4,164, $3,970 and $3,679 in 2022, 2021 and 2020, respectively. As of December 31, 2022, the Retirement Savings Plan held 681,013 shares of the Company’s common stock. The Company has an Employee Stock Purchase Plan (“ESPP”) under which eligible employees may elect to have up to the lesser of $25 or 10% of base compensation deducted from their payroll checks for the purchase of the Company’s common stock at 95% of the average market value on the date of purchase. The maximum number of shares which may be purchased under the ESPP is 4,550,000. The number of shares purchased under the ESPP was 11,101, 7,667 and 10,041 in 2022, 2021 and 2020, respectively. The Company received cash proceeds from the purchase of these shares of $363, $344 and $393 in 2022, 2021 and 2020, respectively. As of December 31, 2022, 232,020 additional shares may be purchased. The 2014 Barnes Group Stock and Incentive Award Plan (the “2014 Plan”) was approved on May 9, 2014 by the Company's stockholders. The 2014 Plan permits the issuance of incentive awards, stock option grants and stock appreciation rights to eligible participants to purchase up to 6,913,978 shares of common stock. The amount includes shares available for purchase under earlier stock and incentive plans which were merged into the 2014 Plan. The 2014 Plan allows for stock options and stock appreciation rights to be issued at a ratio of 1:1 and other types of incentive awards at a ratio of 2.84:1 from the shares available for future grants. As of December 31, 2022, there were 2,223,889 shares available for future grants under the 2014 Plan, inclusive of Shares Reacquired and shares made available through 2022 forfeitures. As of December 31, 2022, there were 2,310,838 shares of common stock outstanding to be issued upon the exercise of stock options and the vesting of Rights. Rights under the 2014 Plan entitle the holder to receive, without payment, one share of the Company’s common stock after the expiration of the vesting period. Certain of these Rights are also subject to the satisfaction of established performance goals. Additionally, holders of certain Rights are credited with dividend equivalents, which are converted into additional Rights, and holders of certain restricted stock units are paid dividend equivalents in cash when dividends are paid to other stockholders. All Rights have a vesting period of up to five years. Although the Performance-Vested Stock Options were not granted under the 2014 Plan, they will be administered in accordance with the terms and conditions of the 2014 Plan (other than Section 4 thereof). This stock option award was approved by the Compensation and Management Development Committee of the Board of Directors of Barnes without shareholder approval pursuant to New York Stock Exchange Rule 303A.08. Under the Non-Employee Director Deferred Stock Plan, as amended, each non-employee director who joined the Board of Directors prior to December 15, 2005 was granted the right to receive 12,000 shares of the Company’s common stock upon retirement. In 2022, 2021 and 2020, $18, $19 and $21, respectively, of dividend equivalents were paid in cash related to these shares. There was no compensation cost related to this plan in 2022, 2021 or 2020. There are 26,400 shares reserved for issuance under this plan. Total maximum shares reserved for issuance under all stock plans aggregated 4,793,147 at December 31, 2022.

Weighted Average Shares Outstan

Weighted Average Shares Outstanding	12 Months Ended
	Dec. 31, 2022
Weighted Average Shares Outstanding [Abstract]
Weighted Average Shares Outstanding	Weighted Average Shares Outstanding Net income per common share is computed in accordance with accounting standards related to earnings per share. Basic earnings per share is calculated using the weighted-average number of common shares outstanding during the year. Share-based payment awards that entitle their holders to receive nonforfeitable dividends before vesting should be considered participating securities and, as such, should be included in the calculation of basic earnings per share. The Company’s restricted stock unit awards which contain nonforfeitable rights to dividends are considered participating securities. Diluted earnings per share reflects the assumed exercise and conversion of all dilutive securities. Shares held by the Retirement Savings Plan are considered outstanding for both basic and diluted earnings per share. There are no adjustments to net income for purposes of computing income available to common stockholders for the years ended December 31, 2022, 2021 or 2020. A reconciliation of the weighted-average number of common shares outstanding used in the calculation of basic and diluted earnings per share follows: Weighted-Average Common Shares Outstanding 2022 2021 2020 Basic 50,962,447 50,926,374 50,880,846 Dilutive effect of: Stock options 20,910 74,798 66,738 Performance share awards 100,810 77,891 150,002 Diluted 51,084,167 51,079,063 51,097,586 The calculation of weighted-average diluted shares outstanding excludes all anti-dilutive shares. During 2022, 2021 and 2020, the Company excluded 1,352,548, 533,177 and 484,835 stock awards, respectively, from the calculation of diluted weighted-average shares outstanding as the stock awards were considered anti-dilutive.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income by Component	12 Months Ended
	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Changes in Accumulated Other Comprehensive Income by Component	Changes in Accumulated Other Comprehensive Income by Component The following tables set forth the changes in accumulated other comprehensive income by component for the years ended December 31, 2022 and December 31, 2021: Gains and Losses on Cash Flow Hedges Pension and Other Postretirement Benefit Items Foreign Currency Items Total January 1, 2022 $ 160 $ (112,307) $ (39,691) $ (151,838) Other comprehensive income (loss) before reclassifications to consolidated statements of income 6,155 (6,212) (78,110) (78,167) Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income (374) 9,879 — 9,505 Net current-period other comprehensive income (loss) 5,781 3,667 (78,110) (68,662) December 31, 2022 $ 5,941 $ (108,640) $ (117,801) $ (220,500) Gains and Losses on Cash Flow Hedges Pension and Other Postretirement Benefit Items Foreign Currency Items Total January 1, 2021 $ (757) $ (142,119) $ 20,561 $ (122,315) Other comprehensive income (loss) before reclassifications to consolidated statements of income 73 17,025 (60,252) (43,154) Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income 844 12,787 — 13,631 Net current-period other comprehensive income (loss) 917 29,812 (60,252) (29,523) December 31, 2021 $ 160 $ (112,307) $ (39,691) $ (151,838) The following table sets forth the reclassifications out of accumulated other comprehensive income by component for the years ended December 31, 2022 and December 31, 2021: Details about Accumulated Other Comprehensive Income Components Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Consolidated Statements of Income 2022 2021 Gains and losses on cash flow hedges Interest rate contracts $ 647 $ (1,846) Interest expense Foreign exchange contracts (152) 716 Net sales 495 (1,130) Total before tax (121) 286 Tax (expense) benefit 374 (844) Net of tax Pension and other postretirement benefit items Amortization of prior-service costs $ (423) $ (361) (A) Amortization of actuarial losses (12,708) (16,264) (A) Curtailment (loss)/gain (450) 133 (A) Settlement gain/(loss) 605 (205) (A) (12,976) (16,697) Total before tax 3,097 3,910 Tax benefit (9,879) (12,787) Net of tax Total reclassifications in the period $ (9,505) $ (13,631) (A) These accumulated other comprehensive income components are included within the computation of net periodic Pension and Other Postretirement Benefits cost. See Note 12.

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Leases	Leases The Company maintains leases of certain manufacturing, distribution and assembly facilities, office space, land, machinery and equipment. Leases generally have remaining terms of one year to five years. Leases with an initial term of twelve months or less are not recorded on the Consolidated Balance Sheets. The Company recognizes lease expense for minimum lease payments on a straight line basis over the term of the lease. Certain leases include options to renew or terminate. Renewal options are exercisable per the discretion of the Company and vary based on the nature of each lease, with renewal periods generally ranging from one year to five years. The term of the lease includes renewal periods only if the Company is reasonably certain that it will exercise the renewal option. When determining if a renewal option is reasonably certain of being exercised, the Company considers several factors, including but not limited to, the cost of moving to another location, the cost of disruption to operations, whether the purpose or location of the leased asset is unique and the contractual terms associated with extending the lease. Certain leases provide the option to purchase the leased property and are therefore evaluated for finance lease consideration. Right-of-use ("ROU") assets and lease liabilities related to finance leases were not material as of December 31, 2022 and 2021. ROU assets arising from finance leases are included in property, plant and equipment, net, and the corresponding liabilities are included in Long Term Debt - Current and Long-Term Debt on the Consolidated Balance Sheet. The depreciable life of leased assets are limited by the expected term of the lease, unless there is a transfer of title or purchase option and the Company believes it is reasonably certain of exercise. Lease agreements generally do not contain any material residual value guarantees or materially restrictive covenants and the Company does not sublease to any third parties. The Company does not have any material leases that have been signed but not commenced. Contracts are evaluated at inception to determine whether they contain a lease, where the Company obtains the right to control an identified asset. The following table sets forth the classification of ROU assets and lease liabilities on the Consolidated Balance Sheets: Operating Leases Classification December 31, 2022 December 31, 2021 Leased Assets ROU assets Other assets $ 27,054 $ 29,393 Lease Liabilities Current lease liability Accrued liabilities 10,209 11,125 Long-term lease liability Other liabilities 17,128 18,018 $ 27,337 $ 29,143 Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. New operating lease ROU assets represent the lease liability, plus any lease payments made at or before the commencement date, less any lease incentives received. The Company's real estate leases, which are comprised primarily of manufacturing, distribution and assembly facilities, represent a majority of the lease liability. A significant portion of lease payments are fixed, although an immaterial portion of payments are variable in nature. Variable lease payments vary based on changes in facts and circumstances related to the use of the ROU and are recorded as incurred. The Company utilizes its incremental borrowing rate by lease term to calculate the present value of our future lease payments if an implicit rate is not specified. The discount rate is risk adjusted on a secured basis and is the rate at which the Company would be charged to borrow the amount equal to the lease payments over a similar term. The Company has lease agreements with lease and non-lease components, which are accounted for as a single lease component. The Company applies a portfolio approach to effectively account for the operating lease ROU assets and liabilities. Operating lease costs for the twelve months ended December 31, 2022, 2021 and 2020 were $17,099, $17,687 and $17,379, respectively, and were included within Cost of Sales and Selling and Administrative expenses. Operating lease costs include short-term and variable leases costs, which were not material during the period. Future minimum lease payments under non-cancellable leases as of December 31, 2022 were as follows: Operating Leases 2023 $ 10,883 2024 7,497 2025 3,405 2026 1,620 2027 1,161 After 2027 6,280 Total lease payments $ 30,846 Less: Interest 3,509 Present value of lease payments $ 27,337 December 31, Lease Term and Discount Rate 2022 2021 2020 Weighted-average remaining lease term (years) Operating leases 5.8 5.8 5.8 Weighted-average discount rates Operating leases 3.38 % 3.01 % 3.52 % Year Ended December 31, Other Information 2022 2021 2020 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 13,596 $ 14,586 $ 13,907 Leased assets obtained in exchange for new operating lease liabilities $ 11,498 $ 15,287 $ 8,012

Information on Business Segment

Information on Business Segments	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Information on Business Segments	Information on Business Segments The Company is organized based upon the nature of its products and services and reports under two global business segments: Industrial and Aerospace. Segment information is consistent with how management reviews the businesses, makes investing and resource allocation decisions and assesses operating performance. The Company has not aggregated operating segments for purposes of identifying these two reportable segments. Industrial is a global provider of highly-engineered, high-quality precision components, products and systems for critical applications serving a diverse customer base in end-markets such as mobility, industrial equipment, automation, personal care, packaging, electronics, and medical devices. Focused on innovative custom solutions, Industrial participates in the design phase of components and assemblies whereby customers receive the benefits of application and systems engineering, new product development, testing and evaluation, and the manufacturing of final products. Products are sold primarily through its direct sales force and global distribution channels. Industrial's Molding Solutions business designs and manufactures customized hot runner systems, advanced mold cavity sensors and process control systems, and precision high cavitation mold assemblies - collectively, the enabling technologies for many complex injection molding applications. The Force & Motion Control business provides innovative cost effective force and motion control solutions for a wide range of sheet metal forming and other industrial markets. The Automation business designs and develops robotic grippers, advanced end-of-arm tooling systems, sensors and other automation components for intelligent robotic handling solutions and industrial automation applications. Industrial's Engineered Components business manufactures and supplies precision mechanical products used in mobility and industrial applications, including mechanical springs, and high-precision punched and fine-blanked components. Effective January 1, 2023, the Company combined Industrial's Force & Motion Control business and Engineered Components business to form a single new strategic business called Motion Control Solutions. Industrial competes with a broad base of large and small companies engaged in the manufacture and sale of engineered products, precision molds, hot runner systems, robotic handling solutions and precision components. Industrial competes on the basis of quality, service, reliability of supply, engineering and technical capability, geographic reach, product breadth, innovation, design, timeliness and price. Industrial has a global presence in multiple countries, with manufacturing, distribution and assembly operations in the United States, China, Germany, Italy, Sweden and Switzerland, among others. Industrial also has sales and service operations in the United States, China/Hong Kong, Germany, Italy and Switzerland, among others. Aerospace is a global manufacturer of complex fabricated and precision machined components and assemblies for turbine engines, nacelles and structures for both commercial and defense-related aircraft. The Aerospace Aftermarket business provides aircraft engine component MRO services, including services performed under our Component Repair Programs (“CRPs”), for many of the world’s major turbine engine manufacturers, commercial airlines and the defense market. The Aerospace aftermarket activities also include the manufacture and delivery of aerospace aftermarket spare parts, including revenue sharing programs (“RSPs”) under which the Company receives an exclusive right to supply designated aftermarket parts over the life of specific aircraft engine programs. Aerospace’s OEM business offers a comprehensive range of in-house manufacturing solutions and capabilities, including components and assemblies. The applications for these components primarily include engines, airframes and nacelles. Aerospace OEM competes with a large number of fabrication and machining companies. Our competitive advantage is based mainly on value derived from quality, concurrent engineering and technical capability, product breadth, solutions-providing new product introduction, timeliness, service, price and intellectual property. Aerospace’s fabrication and machining operations, with facilities in Arizona, Connecticut, Michigan, Ohio, Utah and Singapore, produce critical engine, nacelle and airframe components through technologically advanced manufacturing processes. The Aerospace Aftermarket business supplements jet engine OEMs’ maintenance, repair and overhaul capabilities, and competes with the service centers of major commercial airlines and other independent service companies for the repair and overhaul of turbine engine components. The manufacture and supply of aerospace aftermarket spare parts, including those related to the RSPs, are dependent upon the reliable and timely delivery of high-quality components. Aerospace’s Aftermarket facilities, located in Connecticut, Ohio and Singapore, specialize in the repair and refurbishment of highly engineered components and assemblies such as cases, rotating life limited parts, rotating air seals, turbine shrouds, vanes and honeycomb air seals. Aerospace Aftermarket's facility in Malaysia is focused on the supply of spare parts. The Company evaluates the performance of its reportable segments based on the operating profit of the respective businesses, which includes net sales, cost of sales, selling and administrative expenses and certain components of other expense (income), net, as well as the allocation of corporate overhead expenses. Sales between the business segments and between the geographic areas in which the businesses operate are accounted for on the same basis as sales to unaffiliated customers. Additionally, revenues are attributed to countries based on the location of facilities. The following table (in millions) sets forth summarized financial information by reportable business segment: Industrial Aerospace Other Total Company Sales 2022 $ 832.7 $ 429.2 $ — $ 1,261.9 2021 896.5 362.4 — 1,258.8 2020 770.1 354.3 — 1,124.4 Operating profit (loss) (A) 2022 $ (19.1) $ 76.2 $ — $ 57.1 2021 97.7 52.3 — 150.0 2020 66.6 56.8 — 123.4 Assets 2022 $ 1,680.4 $ 590.6 $ 142.7 $ 2,413.7 2021 1,827.9 583.0 165.9 2,576.8 2020 1,908.4 623.5 144.3 2,676.2 Depreciation and amortization 2022 $ 54.1 $ 37.3 $ 0.7 $ 92.2 2021 57.5 32.8 0.9 91.1 2020 57.7 29.0 0.9 87.7 Capital expenditures 2022 $ 19.2 $ 14.9 $ 1.0 $ 35.1 2021 21.3 12.7 0.2 34.1 2020 19.4 20.8 0.5 40.7 (A) Industrial operating losses in the period ended December 31, 2022 include a $68,194 goodwill impairment charge. Assets at Industrial were impacted by a corresponding amount given the reduction to the goodwill balance. See Note 6. _______________________ Notes: One customer, General Electric, accounted for 20%, 16% and 17% of the Company’s total revenues in 2022, 2021 and 2020, respectively. “Other” assets include corporate-controlled assets, the majority of which are cash and cash equivalents and deferred tax assets. A reconciliation of the total reportable segments’ operating profit to income before income taxes follows (in millions): 2022 2021 2020 Operating profit $ 57.1 $ 150.0 $ 123.4 Interest expense 14.6 16.2 15.9 Other expense (income), net 4.3 6.0 5.9 Income before income taxes $ 38.2 $ 127.8 $ 101.5 The following table (in millions) summarizes total net sales and long-lived assets of the Company by geographic area: Domestic International Other Total Sales 2022 $ 545.2 $ 806.8 $ (90.2) $ 1,261.9 2021 516.4 829.4 (87.0) 1,258.8 2020 483.8 714.0 (73.4) 1,124.4 Long-lived assets 2022 $ 360.2 $ 1,303.2 $ — $ 1,663.4 2021 380.7 1,493.9 — 1,874.6 2020 383.2 1,628.6 — 2,011.8 ________________________ Notes: Germany, with sales of $204.3 million, $243.1 million and $223.3 million in 2022, 2021 and 2020, respectively, and Singapore, with sales of $144.9 million, $136.8 million and $129.8 million in 2022, 2021 and 2020, respectively, represent the only international countries with revenues in excess of 10% of the Company's total revenues in those years. “Other” revenues represent the elimination of inter-company sales between geographic locations, of which approximately 78%, 78% and 67% were sales from international locations to domestic locations in 2022, 2021 and 2020, respectively. Germany, with long-lived assets of $388.2 million, $428.9 million and $481.5 million as of December 31, 2022, 2021 and 2020, respectively, Singapore, with long-lived assets of $196.7 million, $201.6 million and $214.8 million as of December 31, 2022, 2021 and 2020, respectively and Italy, with long-lived assets of $300.4 million, $398.2 million and $443.1 million as of December 31, 2022, 2021 and 2020, respectively, represent the international countries with long-lived assets that exceeded 10% of the Company's total long-lived assets in those years.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Product Warranties The Company provides product warranties in connection with the sale of certain products. From time to time, the Company is subject to customer claims with respect to product warranties. The Company accrues its estimated exposure for warranty claims at the time of sale based upon the length of the warranty period, historical experience and other related information known to the Company. Liabilities related to product warranties and extended warranties were not material as of December 31, 2022 or 2021. In July 2021, a customer asserted breach of contract and contractual warranty claims regarding a part manufactured by the Company. While the Company disputes the asserted claims, the Company and the customer are in discussions seeking to resolve the matter. No litigation or other proceeding has been initiated. While it is currently not possible to determine the ultimate outcome of this matter, the Company intends to vigorously defend its position and believes that the ultimate resolution will not have a material adverse effect on the Company’s consolidated financial position or liquidity, but could be material to the consolidated results of operations of any one period. Litigation The Company is subject to litigation from time to time in the ordinary course of business and various other suits, proceedings and claims are pending involving the Company and its subsidiaries. The Company records a loss contingency liability when a loss is considered probable and the amount can be reasonably estimated. While it is not possible to determine the ultimate disposition of each of these proceedings and whether they will be resolved consistent with the Company's beliefs, the Company expects that the outcome of such proceedings, individually or in the aggregate, will not have a material adverse effect on financial condition or results of operations.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule of Valuation and Qualifying Accounts Disclosure	Schedule II—Valuation and Qualifying Accounts Years Ended December 31, 2022, 2021 and 2020 (In thousands) Allowances for Credit Losses: Balance January 1, 2020 $ 5,197 Provision charged to income 1,200 Doubtful accounts written off (417) Other adjustments (1) 368 Balance December 31, 2020 6,348 Provision charged to income (11) Doubtful accounts written off (562) Other adjustments (1) (150) Balance December 31, 2021 5,625 Provision charged to income 131 Doubtful accounts written off (178) Other adjustments (1) (356) Balance December 31, 2022 $ 5,222 ________________ (1) These amounts are comprised primarily of foreign currency translation and other reclassifications. Schedule II—Valuation and Qualifying Accounts Years Ended December 31, 2022, 2021 and 2020 (In thousands) Valuation Allowance on Deferred Tax Assets: Balance January 1, 2020 $ 3,592 Additions charged to income tax expense 743 Reductions charged to other comprehensive income 24 Reductions credited to income tax expense (600) Changes due to foreign currency translation (2) Balance December 31, 2020 3,757 Additions charged to income tax expense 346 Reductions charged to other comprehensive income (15) Reductions credited to income tax expense (241) Changes due to foreign currency translation 22 Balance December 31, 2021 3,869 Additions charged to income tax expense 2,763 Reductions charged to other comprehensive income (41) Reductions credited to income tax expense (59) Changes due to foreign currency translation (76) Balance December 31, 2022 $ 6,456 ________________

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
General	General: The preparation of consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Consolidation	Consolidation: The accompanying consolidated financial statements include the accounts of the Company and all of its subsidiaries. Intercompany transactions and account balances have been eliminated.
Revenue recognition	Revenue recognition: The Company accounts for revenue in accordance with Accounting Standard Codification 606, Revenue from Contracts with Customers. Revenue is recognized by the Company when control of the product or solution is transferred to the customer. Control is generally transferred when products are shipped or delivered to customers, title is transferred, the significant risks and rewards of ownership have transferred, the Company has rights to payment and rewards of ownership pass to the customer. Customer acceptance may also be a factor in determining whether control of the product or solution has transferred. Although revenue is generally transferred at a point in time, a certain portion of businesses with customized products or contracts in which the Company performs work on customer-owned assets requires the use of an over time recognition model as certain contracts meet one or more of the established criteria pursuant to the accounting standards governing revenue recognition. Also, service revenue is recognized as control transfers, which is concurrent with the services being performed. See Note 3. Management fees related to the Aerospace Aftermarket Revenue Sharing Programs ("RSPs") are satisfied through an agreed upon reduction from the sales price of each of the related spare parts. These fees recognize our customer's necessary performance of engine program support activities, such as spare parts administration, warehousing and inventory management, and customer support, and are not separable from our sale of products, and accordingly, they are reflected as a reduction to sales, rather than as costs incurred, when revenues are recognized.
Cash and cash equivalents	Cash and cash equivalents: Cash in excess of operating requirements is generally invested in short-term, highly liquid, income-producing investments. All highly liquid investments purchased with an original maturity of three months or less are considered cash equivalents. Cash equivalents are carried at cost which approximates fair value.
Accounts receivable	Accounts receivable: The Company records accounts receivable at net realizable value. Balances are reviewed regularly and reserves are adjusted when events or circumstances indicate carrying values may not be recoverable. Effective January 1, 2020, the Company adopted the amended guidance related to credit losses on financial instruments. See "Recently Adopted Accounting Standards" below for additional discussion regarding the application of this amended guidance.
Inventories	Inventories: Inventories are valued at the lower of cost, determined on a first-in, first-out basis, or net realizable value. The primary components of cost included in inventories are raw material, labor and overhead. Provisions are made to reduce excess or obsolete inventories to their estimated net realizable value. The process for evaluating the value of excess and obsolete inventory often requires the Company to make judgments and estimates concerning future sales levels, quantities and prices at which such inventory will be sold in the normal course of business and estimated costs. Accelerating the disposal process or changes in estimates based on future sales potential or estimated costs may necessitate future adjustments to these provisions.
Property, plant and equipment	Property, plant and equipment: Property, plant and equipment is recorded at cost. Depreciation is recorded using a straight-line method of depreciation over estimated useful lives, generally ranging from 20 to 50 years for buildings and four
Goodwill	Goodwill: Goodwill represents the excess purchase price over the fair value of net assets of companies acquired in business combinations. Goodwill is considered an indefinite-lived asset. Goodwill is subject to impairment testing in accordance with accounting standards governing such on an annual basis, in the second quarter, or more frequently if an event or change in circumstances indicates that the fair value of a reporting unit has been reduced below its carrying value. Based on our assessment as of April 1, the estimated fair value of the Automation reporting unit, which represents the 2018 acquisition of Gimatic, exceeded its carrying value, while the estimated fair value of each of the remaining reporting units significantly exceeded their carrying values. The Company evaluated deteriorating macro-economic conditions subsequent to the date of the assessment, including inflationary pressures, rising interest rates, worsening global supply chain constraints and demand outlook, which materialized during the second quarter of 2022, impacting performance and outlook at Automation and resulted in a triggering event. Management revised its cash flow projections and weighted average cost of capital, resulting in a non-cash goodwill impairment charge of $68,194 related to the Automation reporting unit as the estimated fair value of the reporting unit declined below its carrying value. Management evaluated the significant increase in interest rates and further deteriorating macro-economic conditions that materialized during the fourth quarter of 2022, again resulting in a triggering event at Automation. Management performed a Step 1 quantitative assessment as of December 31, 2022 and concluded that there was no additional goodwill impairment at the business. The goodwill impairment charge was recorded in the three month period ended June 30, 2022.
Leases	Leases: Contracts are evaluated at inception to determine whether they contain a lease. Operating lease right-of use assets and liabilities are recognized based on the present value of the future minimum lease payments over the lease term at the lease commencement date for operating leases with an initial term greater than 12 months. The Company recognizes lease expense for minimum lease payments on a straight line basis over the term of the lease. Certain leases provide the option to purchase the leased property and are therefore evaluated for finance lease consideration. The depreciable life of leased assets are limited by the expected term of the lease, unless there is a transfer of title or purchase option and the Company believes it is reasonably certain of exercise. The Company utilizes its incremental borrowing rate by lease term to calculate the present value of our future lease payments if an implicit rate is not specified. See Note 19.
Aerospace Aftermarket Programs	Aerospace Aftermarket Programs: The Company participates in aftermarket RSPs under which the Company receives an exclusive right to manufacture and supply designated aftermarket parts over the life of the related aircraft engine program. As consideration, the Company has paid participation fees, which are recorded as long-lived intangible assets. The Company records amortization of the related intangible asset as sales dollars are being earned based on a proportional sales dollar method. Specifically, this method amortizes each asset as a reduction to revenue based on the proportion of sales under a program in a given period to the estimated aggregate sales dollars over the life of that program. This method reflects the pattern in which the economic benefits of the RSPs are realized. The Company also entered into Component Repair Programs ("CRPs") that provide for, among other items, the right to sell certain aftermarket component repair services for CFM56, CF6, CF34 and LM engines directly to other customers as one of a few GE licensed suppliers. In addition, the CRPs extended certain existing contracts under which the Company currently provides these services directly to GE. The Company recorded the consideration paid for these rights as an intangible asset that is amortized as a reduction to sales over the remaining life of these engine programs based on the estimated sales over the life of such programs. This method reflects the pattern in which the economic benefits of the CRPs are realized.
Intangible Assets	Other Intangible Assets: Other intangible assets consist primarily of the Aerospace Aftermarket programs, as discussed above, customer relationships, tradenames, patents and proprietary technology. These intangible assets, with the exception of
Derivatives	Derivatives: Accounting standards related to the accounting for derivative instruments and hedging activities require that all derivative instruments be recorded on the balance sheet at fair value. Foreign currency contracts may qualify as fair value hedges of unrecognized firm commitments, cash flow hedges of recognized assets and liabilities or anticipated transactions, or a hedge of a net investment. Changes in the fair market value of derivatives that qualify as fair value hedges or cash flow hedges are recorded directly to earnings or accumulated other non-owner changes to equity, depending on the designation. Amounts recorded to accumulated other non-owner changes to equity are reclassified to earnings in a manner that matches the earnings impact of the hedged transaction. Any ineffective portion, or amounts related to contracts that are not designated as hedges, are recorded directly to earnings. The Company’s policy for classifying cash flows from derivatives is to report the cash flows consistent with the underlying hedged item. See Note 10.
Foreign currency	Foreign currency: Assets and liabilities are translated at year-end rates of exchange; revenues and expenses are translated at average rates of exchange. The resulting translation gains or losses are reflected in accumulated other non-owner changes to equity within stockholders’ equity. Net foreign currency transaction losses of $540, $572 and $1,518 in 2022, 2021 and 2020, respectively, were recorded within other expense (income), net in the Consolidated Statements of Income.
Research and Development	Research and Development: Costs are incurred in connection with efforts aimed at discovering and implementing new knowledge that is critical to developing new products, processes or services, significantly improving existing products or services, and developing new applications for existing products and services. Research and development expenses for the creation of new and improved products, processes and services were $15,774, $22,928 and $16,949, for the years 2022, 2021 and 2020, respectively, and are included in selling and administrative expens
Pension and Other Postretirement Benefits	Pension and Other Postretirement Benefits: The Company accounts for its defined benefit pension plans and other postretirement plans by recognizing the overfunded or underfunded status of the plans, calculated as the difference between plan assets and the projected benefit obligation related to each plan, as an asset or liability on the Consolidated Balance Sheets. Benefit costs associated with the plans primarily include current service costs, interest costs and the amortization of actuarial losses, partially offset by expected returns on plan assets, which are determined based upon actuarial valuations. Settlement and curtailment losses (gains) may also impact benefit costs. The Company regularly reviews actuarial assumptions, including discount rates and the expected return on plan assets, which are updated at the measurement date, December 31st. The impact of differences between actual results and the assumptions are generally accumulated within Other Comprehensive Income and amortized over future periods, which will affect benefit costs recognized in such periods. The Company bifurcates the components of net periodic benefit cost for pension and other postretirement plans. The service cost component of expense requires presentation with other employee compensation costs in operating income, whereas the other components of expense are reported separately outside of operating income. See Note 12.
Stock-Based Compensation	Stock-Based Compensation: Stock-based employee compensation awards are accounted for based on their fair value on the grant date and the related cost is recognized in the Consolidated Statements of Income in accordance with accounting standards related to share-based payments. The fair values of stock options are estimated using the Black-Scholes option-pricing model based on certain assumptions. The fair values of service and performance based share awards are estimated based on the fair market value of the Company’s stock price on the grant date. The fair values of market based performance share awards and performance-vested stock options are estimated using the Monte Carlo valuation method. See Note 13.Refer to Note 17 for a description of the Company’s stock-based compensation plans and their general terms. As of December 31, 2022, incentives have been awarded in the form of performance share awards and restricted stock unit awards (collectively, “Rights”) and stock options. The Company has elected to use the straight-line method to recognize compensation costs. Stock options and awards typically vest over a period ranging from six months to five years. Performance-Vested Stock Options cliff-vest in five years, subject to continued service and the achievement of compound annual growth rates (“CAGRs”) in the price of the Company’s common shares above the option exercise price as of the fifth anniversary of the grant date, with 0% vesting at a CAGR of less than 5%, 33.3% vesting at a CAGR of 5%, 66.6% vesting at a CAGR of 7% and 100% vesting at a CAGR of 9% or greater. The maximum term of stock option awards is 10 years. Upon exercise of a stock option or upon vesting of Rights, shares may be issued from treasury shares held by the Company or from authorized shares.
Income Taxes	Income Taxes: Deferred tax assets and liabilities are recognized for future tax effects attributable to temporary differences, operating loss carryforwards and tax credits. The measurement of deferred tax assets and liabilities is determined using tax rates from enacted tax law of the period in which the temporary differences, operating loss carryforwards and tax credits are expected to be realized. The effect of a change in income tax rates is recognized in the period of the enactment date. The guidance related to accounting for income taxes requires that deferred tax assets be reduced by a valuation allowance if, based on all available evidence, it is more likely than not that the deferred tax asset will not be realized. The Company is exposed to certain tax contingencies in the ordinary course of business and records those tax liabilities in accordance with the
Recently Adopted / Issued Accounting Standards	Recent Accounting Standards The Financial Accounting Standards Board ("FASB") establishes changes to accounting principles under U.S. GAAP through the use of Accounting Standards Updates ("ASUs") to the FASB's Accounting Standards Codification. The Company evaluates the applicability and potential impacts of recent ASUs on its Consolidated Financial Statements and related disclosures. Recently Adopted Accounting Standards In December 2019, the FASB amended its guidance related to income taxes. The amended guidance simplifies the accounting for income taxes, eliminating certain exceptions to the general income tax principles, in an effort to reduce the cost and complexity of application. The amended guidance is effective for annual periods beginning after December 15, 2020, and interim periods within those reporting periods. Early adoption is permitted in any interim or annual period. The guidance requires application on either a prospective, retrospective or modified retrospective basis, contingent on the income tax exception being applied. The Company has adopted this guidance, on a prospective basis, on January 1, 2021 and it did not have a material impact on the Company's Consolidated Financial Statements. Recently Issued Accounting Standards The United Kingdom's Financial Conduct Authority, which regulates the London Interbank Offered Rate (“LIBOR”), announced its intent to phase out the use of LIBOR by December 31, 2021. The U.S. Federal Reserve, in conjunction with the Alternative Reference Rates Committee, a steering committee comprised of large U.S. financial institutions, identified the Secured Overnight Financing Rate (“SOFR”) as its preferred benchmark alternative to U.S. dollar LIBOR. Published by the Federal Reserve Bank of New York, SOFR represents a measure of the cost of borrowing cash overnight, collateralized by U.S. Treasury securities, and is calculated based on directly observable U.S. Treasury-backed repurchase transactions. In March 2020, in response to this transition, the FASB issued guidance related to this rate reform, which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships and other transactions that reference LIBOR or another reference rate expected to be discontinued by reference rate reform, and addresses operational issues likely to arise in modifying contracts to replace discontinued reference rates with new rates. In January 2021, the FASB issued further clarifying guidance regarding derivatives, as it relates to this transition. In December 2022, the FASB extended the expiration of the guidance through December 31, 2024. The Company’s Amended Credit Agreement (Note 8) and corresponding interest rate Swaps (Note 9) each mature in February 2026. In March 2021, the Intercontinental Exchange Benchmark Association announced that it will extend the publication of overnight, 1, 3, 6 and 12 month LIBOR rates until June 30, 2023, while ceasing publication of all other LIBOR rates including 1 week and 2 month rates. The Company's Amended Credit Agreement was further amended in October 2021 and in April 2022 to address the replacement of LIBOR via the LIBOR Transition Agreement and Amendment No. 1, respectively (see Note 8), with SOFR. The Company's corresponding interest rate Swaps were amended in May 2022 to address the replacement of LIBOR. As a result of the Company's contract amendments to address the replacement of LIBOR, the Company does not anticipate a material impact on our business, financial condition, results of operations or cash flow as a result of this change. In October 2021, the FASB amended its guidance related to business combinations. The amended guidance requires entities to recognize and measure contract assets and contract liabilities acquired in business combinations on the acquisition date in accordance with Accounting Standards Codification 606, Revenue from Contracts with Customers . The new guidance is effective on a prospective basis for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, with early adoption permitted. The Company is currently evaluating the amended guidance as the guidance will be applicable to future acquisitions. In September 2022, the FASB amended its guidance related to supplier finance programs. The amended guidance requires additional disclosures surrounding the use of supplier finance programs to purchase goods or services including disclosing the key terms of the programs, the amount of obligations outstanding at the end of the reporting period, and a roll-forward of those obligations. The new guidance, except the amendment on roll-forward information, is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The amendment on roll-forward information is

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables present the Company's revenue disaggregated by products and services, geographic regions and end markets, by segment: 2022 Industrial Aerospace Total Company Product and Services Engineered Components Products $ 189,458 $ — $ 189,458 Molding Solutions Products 402,598 — 402,598 Force & Motion Control Products 181,197 — 181,197 Automation Products 59,462 — 59,462 Aerospace Original Equipment Manufacturing ("OEM") Products — 265,179 265,179 Aerospace Products and Services ("Aftermarket") — 163,974 163,974 $ 832,715 $ 429,153 $ 1,261,868 Geographic Regions (A) Americas $ 357,032 $ 307,712 $ 664,744 Europe 296,856 79,283 376,139 Asia 172,922 37,348 210,270 Rest of World 5,905 4,810 10,715 $ 832,715 $ 429,153 $ 1,261,868 End Markets Aerospace Original Equipment Manufacturing $ 12,541 $ 265,179 $ 277,720 Aerospace Aftermarket — 163,974 163,974 Medical, Personal Care & Packaging 186,729 — 186,729 Tool and Die 85,947 — 85,947 General Industrial 254,681 — 254,681 Auto Molding Solutions 138,978 — 138,978 Auto Production 94,377 — 94,377 Automation 59,462 — 59,462 $ 832,715 $ 429,153 $ 1,261,868 (A) Sales by geographic regions are based on the location to which the product is shipped and services are delivered. 2021 Industrial Aerospace Total Company Product and Services Engineered Components Products $ 184,241 $ — $ 184,241 Molding Solutions Products 458,681 — 458,681 Force & Motion Control Products 185,597 — 185,597 Automation Products 67,964 — 67,964 Aerospace OEM Products — 246,850 246,850 Aerospace Aftermarket — 115,513 115,513 $ 896,483 $ 362,363 $ 1,258,846 Geographic Regions (A) Americas $ 356,518 $ 271,241 $ 627,759 Europe 335,679 58,237 393,916 Asia 199,578 29,701 229,279 Rest of World 4,708 3,184 7,892 $ 896,483 $ 362,363 $ 1,258,846 End Markets Aerospace OEM $ 9,278 $ 246,850 $ 256,128 Aerospace Aftermarket — 115,513 115,513 Medical, Personal Care & Packaging 219,672 — 219,672 Tool and Die 95,466 — 95,466 General Industrial 255,942 — 255,942 Auto Molding Solutions 150,125 — 150,125 Auto Production 98,036 — 98,036 Automation 67,964 — 67,964 $ 896,483 $ 362,363 $ 1,258,846 (A) Sales by geographic regions are based on the location to which the product is shipped and services are delivered. 2020 Industrial Aerospace Total Company Product and Services Engineered Components Products $ 161,024 $ — $ 161,024 Molding Solutions Products 400,806 — 400,806 Force & Motion Control Products 153,397 — 153,397 Automation Products 54,892 — 54,892 Aerospace OEM Products — 234,578 234,578 Aerospace Aftermarket — 119,694 119,694 $ 770,119 $ 354,272 $ 1,124,391 Geographic Regions (A) Americas $ 293,339 $ 257,370 $ 550,709 Europe 308,288 62,250 370,538 Asia 164,002 30,316 194,318 Rest of World 4,490 4,336 8,826 $ 770,119 $ 354,272 $ 1,124,391 End Markets Aerospace OEM $ 11,182 $ 234,577 $ 245,759 Aerospace Aftermarket — 119,695 119,695 Medical, Personal Care & Packaging 213,725 — 213,725 Tool and Die 81,187 — 81,187 General Industrial 192,547 — 192,547 Auto Molding Solutions 125,337 — 125,337 Auto Production 91,249 — 91,249 Automation 54,892 — 54,892 $ 770,119 $ 354,272 $ 1,124,391 (A) Sales by geographic market are based on the location to which the product is shipped and services are delivered.
Contract with Customer, Asset and Liability	December 31, 2022 December 31, 2021 $ Change % Change Unbilled receivables (contract assets) $ 42,423 $ 33,522 $ 8,901 27 % Contract liabilities (27,857) (25,374) (2,483) 10 % Net contract assets $ 14,566 $ 8,148 $ 6,418 79 %
Capitalized Contract Cost	December 31, 2022 December 31, 2021 Tooling $ 2,728 $ 3,800 Design costs 2,887 3,252 $ 5,615 $ 7,052

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories at December 31 consisted of: 2022 2021 Finished goods $ 105,965 $ 88,954 Work-in-process 68,664 65,468 Raw materials and supplies 108,773 85,233 $ 283,402 $ 239,655

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment, net, at December 31 consisted of: 2022 2021 Land $ 18,018 $ 18,476 Buildings 184,909 187,012 Machinery and equipment 704,053 699,407 906,980 904,895 Less accumulated depreciation (586,841) (563,433) $ 320,139 $ 341,462

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table sets forth the change in the carrying amount of goodwill for each reportable segment and the Company: Industrial Aerospace Total January 1, 2021 $ 980,794 $ 30,786 $ 1,011,580 Foreign currency translation (56,210) — (56,210) December 31, 2021 924,584 30,786 955,370 Impairment charge (see below) (68,194) (68,194) Foreign currency translation (51,704) — (51,704) December 31, 2022 $ 804,686 $ 30,786 $ 835,472
Schedule of Intangible Assets	Other intangible assets at December 31 consisted of: 2022 2021 Range of Gross Accumulated Gross Accumulated Amortized intangible assets: Revenue Sharing Programs Up to 30 $ 299,500 $ (164,162) $ 299,500 $ (151,961) Component Repair Programs Up to 30 111,839 (41,880) 111,839 (35,632) Customer relationships 10-16 337,189 (156,442) 337,189 (137,856) Patents and technology 4-11 123,433 (92,875) 123,433 (86,002) Trademarks/trade names 10-30 10,949 (10,772) 10,949 (10,587) Other Up to 10 9,413 (2,966) 7,450 (2,072) 892,323 (469,097) 890,360 (424,110) Unamortized intangible assets: Trade names 55,670 — 55,670 — Foreign currency translation (36,404) — (21,674) — Other intangible assets $ 911,589 $ (469,097) $ 924,356 $ (424,110)

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Accrued Liabilities [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities at December 31 consisted of: 2022 2021 Payroll and other compensation $ 32,276 $ 49,872 Contract liabilities (Note 3) 27,857 25,374 Pension and other postretirement benefits (Note 12) 10,999 6,043 Accrued income taxes 29,201 37,908 Lease liability (Note 19) 10,209 11,125 Business reorganizations (Note 9) 11,000 1,222 Other 37,026 44,039 $ 158,568 $ 175,583

Debt and Commitments (Tables)

Debt and Commitments (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Debt	Long-term debt and notes and overdrafts payable at December 31 consisted of: 2022 2021 Carrying Fair Carrying Fair Amended Credit Agreement $ 466,672 $ 464,373 $ 495,262 $ 516,380 3.97% Senior Notes 100,000 96,894 100,000 105,541 Borrowings under lines of credit and overdrafts 8 8 224 224 Finance leases 4,404 4,085 6,505 6,827 Other — — 1,676 1,676 571,084 565,360 603,667 630,648 Less current maturities (1,445) (3,735) Long-term debt $ 569,639 $ 599,932

Business Reorganizations (Table

Business Reorganizations (Tables)	12 Months Ended
	Dec. 31, 2022
Restructuring and Related Activities [Abstract]
Schedule of Change of Liability for Business Reorganization	The following table sets forth the change in the liability related to these actions: January 1, 2021 $ 13,151 Employee severance and other termination benefits (2,224) Payments (9,705) December 31, 2021 1,222 Employee severance and other termination benefits (321) Payments (801) December 31, 2022 $ 100 The following table sets forth the change in the liability for the employee termination costs related to the 2022 Actions: January 1, 2022 $ — Employee severance and other termination benefits 11,880 Payments (980) December 31, 2022 $ 10,900

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table provides the assets and liabilities reported at fair value and measured on a recurring basis as of December 31, 2022 and 2021: Fair Value Measurements Using Total Quoted Prices in Significant Other Significant December 31, 2022 Asset derivatives $ 8,856 $ — $ 8,856 $ — Liability derivatives (1,023) — (1,023) — Bank acceptances 13,260 — 13,260 — Rabbi trust assets 2,104 2,104 — — $ 23,197 $ 2,104 $ 21,093 $ — December 31, 2021 Asset derivatives $ 375 $ — $ 375 $ — Liability derivatives (107) — (107) — Bank acceptances 13,240 — 13,240 — Rabbi trust assets 3,001 3,001 — — $ 16,509 $ 3,001 $ 13,508 $ —

Pension and Other Postretirem_2

Pension and Other Postretirement Benefits (Tables)	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Schedule of Net Funded Status	The accompanying balance sheets reflect the funded status of the Company’s defined benefit pension plans at December 31, 2022 and 2021. Reconciliations of the obligations and funded status of the plans follow: 2022 2021 U.S. Non-U.S. Total U.S. Non-U.S. Total Benefit obligation, January 1 $ 442,756 $ 89,460 $ 532,216 $ 461,296 $ 96,508 $ 557,804 Service cost 3,869 1,820 5,689 4,378 2,169 6,547 Interest cost 13,144 964 14,108 11,963 786 12,749 Amendments 121 — 121 862 — 862 Actuarial gain (94,516) (23,739) (118,255) (10,734) (3,747) (14,481) Benefits paid (24,882) (2,592) (27,474) (25,009) (4,499) (29,508) Transfers in — 2,694 2,694 — 2,468 2,468 Plan curtailments 708 — 708 — (603) (603) Plan settlements — (4,527) (4,527) — (2,464) (2,464) Special termination benefits 395 — 395 — — — Participant contributions — 1,034 1,034 — 1,171 1,171 Foreign exchange rate changes — (4,403) (4,403) — (2,329) (2,329) Benefit obligation, December 31 341,595 60,711 402,306 442,756 89,460 532,216 Fair value of plan assets, January 1 422,563 87,366 509,929 413,898 88,880 502,778 Actual return on plan assets (95,573) (10,275) (105,848) 30,880 2,214 33,094 Company contributions 2,773 1,321 4,094 2,794 1,403 4,197 Participant contributions — 1,034 1,034 — 1,171 1,171 Benefits paid (24,882) (2,592) (27,474) (25,009) (4,499) (29,508) Plan settlements — (4,527) (4,527) — (2,464) (2,464) Transfers in — 2,694 2,694 — 2,468 2,468 Foreign exchange rate changes — (4,982) (4,982) — (1,807) (1,807) Fair value of plan assets, December 31 304,881 70,039 374,920 422,563 87,366 509,929 (Underfunded) Overfunded status, December 31 $ (36,714) $ 9,328 $ (27,386) $ (20,193) $ (2,094) $ (22,287) The accompanying balance sheets reflect the underfunded status of the Company’s other postretirement benefit plans at December 31, 2022 and 2021. Reconciliations of the obligations and underfunded status of the plans follow: 2022 2021 Benefit obligation, January 1 $ 29,839 $ 33,104 Service cost 77 103 Interest cost 808 819 Actuarial gain (6,375) (2,115) Benefits paid (2,597) (2,690) Participant contributions 141 589 Foreign exchange rate changes 71 29 Benefit obligation, December 31 21,964 29,839 Fair value of plan assets, January 1 — — Company contributions 2,456 2,101 Participant contributions 141 589 Benefits paid (2,597) (2,690) Fair value of plan assets, December 31 — — Underfunded status, December 31 $ 21,964 $ 29,839
Schedule of Benefit Obligations in Excess of Fair Value of Plan Assets	Projected benefit obligations related to pension plans with benefit obligations in excess of plan assets follow: 2022 2021 U.S. Non-U.S. Total U.S. Non-U.S. Total Projected benefit obligation $ 268,811 $ 34,820 $ 303,631 $ 43,184 $ 49,272 $ 92,456 Fair value of plan assets 226,866 33,856 260,722 5,592 34,463 40,055
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets	Information related to pension plans with accumulated benefit obligations in excess of plan assets follows: 2022 2021 U.S. Non-U.S. Total U.S. Non-U.S. Total Accumulated benefit obligation $ 46,267 $ 34,762 $ 81,029 $ 43,108 $ 49,131 $ 92,239 Fair value of plan assets 9,813 33,856 43,669 5,592 34,463 40,055
Schedule of Amounts Recognized in Balance Sheet	Amounts related to pensions recognized in the accompanying balance sheets consist of: 2022 2021 U.S. Non-U.S. Total U.S. Non-U.S. Total Other assets $ 5,231 $ 10,292 $ 15,523 $ 17,399 $ 12,715 $ 30,114 Accrued liabilities 8,369 — 8,369 3,160 — 3,160 Accrued retirement benefits 33,576 964 34,540 34,432 14,809 49,241 Accumulated other non-owner changes to equity, net (108,265) (2,636) (110,901) (96,425) (13,684) (110,109) Amounts related to other postretirement benefits recognized in the accompanying balance sheets consist of: 2022 2021 Accrued liabilities $ 2,630 $ 2,883 Accrued retirement benefits 19,334 26,956 Accumulated other non-owner changes to equity, net 2,261 (2,198)
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)	Amounts related to pensions recognized in accumulated other non-owner changes to equity, net of tax, at December 31, 2022 and 2021, respectively, consist of: 2022 2021 U.S. Non-U.S. Total U.S. Non-U.S. Total Net actuarial loss $ (106,887) $ (2,131) $ (109,018) $ (94,496) $ (13,095) $ (107,591) Prior service costs (1,378) (505) (1,883) (1,929) (589) (2,518) $ (108,265) $ (2,636) $ (110,901) $ (96,425) $ (13,684) $ (110,109) Amounts related to other postretirement benefits recognized in accumulated other non-owner changes to equity, net of tax, at December 31, 2022 and 2021 consist of: 2022 2021 Net actuarial gain (loss) $ 2,269 $ (2,141) Prior service loss (8) (57) $ 2,261 $ (2,198) The sources of changes in accumulated other non-owner changes to equity, net, during 2022 were: Pension Other Prior service cost $ (92) $ — Net gain (loss) (11,480) 4,441 Amortization of prior service costs 636 27 Amortization of actuarial loss 9,218 (2) Foreign exchange rate changes 926 (7) $ (792) $ 4,459
Schedule of Assumptions Used, Benefit Obligation	Weighted-average assumptions used to determine benefit obligations as of December 31, are: 2022 2021 U.S. plans: Discount rate 5.50 % 2.95 % Increase in compensation 3.05 % 3.03 % Non-U.S. plans: Discount rate 3.60 % 1.17 % Increase in compensation 2.76 % 2.77 % Interest crediting rate 2.01 % 1.34 %
Schedule of Allocation of Plan Assets	The fair values of the Company’s pension plan assets at December 31, 2022 and 2021 by asset category are as follows: Fair Value Measurements Using Asset Category Total Quoted Prices in Significant Other Significant December 31, 2022 Cash and short-term investments $ 3,542 $ 3,542 $ — $ — Equity securities: U.S. large-cap 35,734 — 35,734 — U.S. mid-cap 14,205 14,205 — — U.S. small-cap 14,622 14,622 — — International equities 104,377 — 104,377 — Global equity 42,154 42,154 — — Fixed income securities: U.S. bond funds 97,170 — 97,170 — International bonds 61,295 — 61,295 — Other 1,821 — — 1,821 $ 374,920 $ 74,523 $ 298,576 $ 1,821 December 31, 2021 Cash and short-term investments 4,195 4,195 — — Equity securities: U.S. large-cap 49,079 — 49,079 — U.S. mid-cap 19,469 19,469 — — U.S. small-cap 18,795 18,795 — — International equities 136,557 — 136,557 — Global equity 60,393 60,393 — — Fixed income securities: U.S. bond funds 143,035 — 143,035 — International bonds 75,515 — 75,515 — Other 2,891 — — 2,891 $ 509,929 $ 102,852 $ 404,186 $ 2,891
Schedule of Expected Benefit Payments	The following are the estimated future net benefit payments, which include future service, over the next 10 years: Pensions Other 2023 $ 34,976 $ 2,630 2024 32,411 2,400 2025 32,292 2,247 2026 32,165 2,079 2027 28,824 1,947 Years 2028-2032 141,030 8,196 Total $ 301,698 $ 19,499
Schedule of Net Benefit Costs	Pension and other postretirement benefit costs consist of the following: Pensions Other 2022 2021 2020 2022 2021 2020 Service cost $ 5,689 $ 6,547 $ 6,269 $ 77 $ 103 $ 81 Interest cost 14,108 12,749 15,084 808 819 1,041 Expected return on plan assets (28,944) (27,858) (29,698) — — — Amortization of prior service cost 387 332 359 36 29 27 Recognized losses 12,710 16,006 13,626 (2) 258 35 Curtailment loss/(gain) 1,158 (133) 484 — — — Settlement (gain)/loss (605) 205 549 — — — Special termination benefits 395 — — — — — Net periodic benefit cost $ 4,898 $ 7,848 $ 6,673 $ 919 $ 1,209 $ 1,184
Schedule of Assumptions Used, Net Benefit Expense	Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31 are: 2022 2021 2020 U.S. plans: Discount rate 2.95 % 2.65 % 3.40 % Long-term rate of return 7.25 % 7.25 % 7.75 % Increase in compensation 3.03 % 2.56 % 2.56 % Non-U.S. plans: Discount rate 1.17 % 0.83 % 1.28 % Long-term rate of return 2.33 % 1.96 % 3.02 % Increase in compensation 2.77 % 2.75 % 2.75 % Interest crediting rate 1.34 % 1.34 % 1.34 %

Stock-based Compensation (Table

Stock-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity	The following table summarizes information about the Company’s stock option awards during 2022: Number of Weighted-Average Outstanding, January 1, 2022 766,614 $ 50.71 Granted 1,306,370 31.66 Exercised (5,209) 28.77 Forfeited (215,172) 46.83 Outstanding, December 31, 2022 1,852,603 37.79
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range	The following table summarizes information about stock options outstanding at December 31, 2022: Options Outstanding Options Exercisable Range of Number Average Average Number Average $30.32 1,183,406 9.53 $ 30.32 — $ — $30.71 to $37.13 128,164 3.15 32.14 120,800 32.07 $45.25 to $47.07 154,882 5.31 46.36 117,282 46.72 $51.55 to $59.28 209,082 5.16 55.89 176,676 56.49 $59.46 to $66.10 177,069 5.00 62.92 168,045 62.94
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The fair value of each stock option grant on the date of grant was estimated using the Black-Scholes option-pricing model based on the following weighted average assumptions: 2022 2021 2020 Risk-free interest rate 1.98 % 0.55 % 1.45 % Expected life (years) 5.5 5.5 5.5 Expected volatility 40.1 % 40.0 % 26.0 % Expected dividend yield 1.22 % 1.23 % 1.25 %
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable	The following table summarizes information about stock options outstanding that are expected to vest and stock options outstanding that are exercisable at December 31, 2022: Options Outstanding, Expected to Vest Options Outstanding, Exercisable Shares (1) Weighted- Aggregate Weighted- Shares Weighted- Aggregate Weighted- 1,784,035 $ 37.79 $ 13,075 7.82 582,803 $ 51.32 $ 1,061 4.21
Schedule of Share-based Compensation, Restricted Stock Units, Activity	The following table summarizes information about the Company’s Rights during 2022: Service Based Rights Service and Performance Based Rights Service and Market Based Rights Number of Units Weighted-Average Grant Date Fair Value Number of Units Weighted-Average Grant Date Fair Value Number of Units Weighted-Average Grant Date Fair Value Outstanding, January 1, 2022 259,107 $ 49.27 174,197 $ 58.70 87,115 $ 97.62 Granted 250,789 40.75 90,412 44.72 45,222 83.42 Forfeited (86,056) 49.59 (71,329) 49.33 (35,664) 87.89 Additional Earned — — (52,919) 60.53 (26,469) 97.19 Issued (121,601) 52.98 — — — — Outstanding, December 31, 2022 302,239 140,361 70,204

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign and Components of Income Tax Expense	The components of Income from continuing operations before income taxes and Income taxes follow: 2022 2021 2020 Income from continuing operations before income taxes: U.S. $ (53,088) $ (28,832) $ (21,538) International 91,273 156,649 123,033 Income from continuing operations before income taxes $ 38,185 $ 127,817 $ 101,495 Income tax provision: Current: U.S. – federal $ 276 $ 4,733 $ 3,697 U.S. – state 778 1,009 (92) International 29,374 38,609 41,506 30,428 44,351 45,111 Deferred: U.S. – federal $ (790) $ (6,800) $ 1,914 U.S. – state (579) (1,051) 222 International (4,353) (8,556) (9,127) (5,722) (16,407) (6,991) Income taxes $ 24,706 $ 27,944 $ 38,120
Schedule of Deferred Tax Assets and Liabilities	Deferred income tax assets and liabilities at December 31 consist of the tax effects of temporary differences related to the following: 2022 2021 Deferred tax assets: Pension $ 11,505 $ 8,803 Tax loss carryforwards 10,970 11,067 Inventory valuation 8,015 10,660 Other postretirement/postemployment costs 7,715 7,741 Accrued compensation 7,430 9,775 Goodwill 8,981 14,960 Lease obligation 8,493 9,790 Other 17,310 16,609 Valuation allowance (6,456) (3,869) Total deferred tax assets 73,963 85,536 Deferred tax liabilities: Depreciation and amortization (81,409) (94,286) Goodwill (9,899) (9,909) Swedish tax incentive (7,196) (8,531) Right of use liability (8,456) (9,826) Other (11,537) (7,712) Total deferred tax liabilities (118,497) (130,264) Net deferred tax liabilities $ (44,534) $ (44,728) Amounts related to deferred taxes in the balance sheets as of December 31, 2022 and 2021 are presented as follows: 2022 2021 Non-current deferred tax assets $ 18,028 $ 21,976 Non-current deferred tax liabilities (62,562) (66,704) Net deferred tax liabilities $ (44,534) $ (44,728)
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the U.S. federal statutory income tax rate to the consolidated effective income tax rate from continuing operations follows: 2022 2021 2020 U.S. federal statutory income tax rate 21.0 % 21.0 % 21.0 % Foreign operations taxed at different rates 0.6 0.1 5.6 Foreign losses without tax benefit 7.5 1.9 3.0 Italian goodwill & intangible realignment — (2.1) — Goodwill impairment 37.5 — — GILTI 12.0 2.3 3.0 Tax holidays (30.2) (2.5) (1.0) Stock awards excess tax expense 3.3 0.4 0.6 Tax on Seeger transaction — — 4.9 Charge (benefit) for change in valuation allowances 9.3 — (0.5) Audits including MAP Approval 2.8 (1.5) 0.2 Adjustment to prior year's tax return (2.2) 1.0 — Foreign tax rate change — 0.4 — Other 3.1 0.9 0.8 Consolidated effective income tax rate 64.7 % 21.9 % 37.6 %
Summary of Income Tax Contingencies	A reconciliation of the unrecognized tax benefits for 2022, 2021 and 2020 follows: 2022 2021 2020 Balance at January 1 $ 8,671 $ 9,156 $ 8,919 Increase (decrease) in unrecognized tax benefits due to: Tax positions taken during prior periods — — 550 Tax positions taken during the current period 873 637 649 Settlements — (70) — Lapse of the applicable statute of limitations (1,171) (1,218) (900) Foreign currency translation (123) 166 (62) Balance at December 31 $ 8,250 $ 8,671 $ 9,156

Weighted Average Shares Outst_2

Weighted Average Shares Outstanding (Tables)	12 Months Ended
	Dec. 31, 2022
Weighted Average Shares Outstanding [Abstract]
Schedule of Weighted Average Number of Shares	A reconciliation of the weighted-average number of common shares outstanding used in the calculation of basic and diluted earnings per share follows: Weighted-Average Common Shares Outstanding 2022 2021 2020 Basic 50,962,447 50,926,374 50,880,846 Dilutive effect of: Stock options 20,910 74,798 66,738 Performance share awards 100,810 77,891 150,002 Diluted 51,084,167 51,079,063 51,097,586

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Income by Component (Tables)	12 Months Ended
	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss)	The following tables set forth the changes in accumulated other comprehensive income by component for the years ended December 31, 2022 and December 31, 2021: Gains and Losses on Cash Flow Hedges Pension and Other Postretirement Benefit Items Foreign Currency Items Total January 1, 2022 $ 160 $ (112,307) $ (39,691) $ (151,838) Other comprehensive income (loss) before reclassifications to consolidated statements of income 6,155 (6,212) (78,110) (78,167) Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income (374) 9,879 — 9,505 Net current-period other comprehensive income (loss) 5,781 3,667 (78,110) (68,662) December 31, 2022 $ 5,941 $ (108,640) $ (117,801) $ (220,500) Gains and Losses on Cash Flow Hedges Pension and Other Postretirement Benefit Items Foreign Currency Items Total January 1, 2021 $ (757) $ (142,119) $ 20,561 $ (122,315) Other comprehensive income (loss) before reclassifications to consolidated statements of income 73 17,025 (60,252) (43,154) Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income 844 12,787 — 13,631 Net current-period other comprehensive income (loss) 917 29,812 (60,252) (29,523) December 31, 2021 $ 160 $ (112,307) $ (39,691) $ (151,838)
Schedule of Amounts Reclassified Out of Accumulated Other Comprehensive Income to the Consolidated Statements of Income	The following table sets forth the reclassifications out of accumulated other comprehensive income by component for the years ended December 31, 2022 and December 31, 2021: Details about Accumulated Other Comprehensive Income Components Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Consolidated Statements of Income 2022 2021 Gains and losses on cash flow hedges Interest rate contracts $ 647 $ (1,846) Interest expense Foreign exchange contracts (152) 716 Net sales 495 (1,130) Total before tax (121) 286 Tax (expense) benefit 374 (844) Net of tax Pension and other postretirement benefit items Amortization of prior-service costs $ (423) $ (361) (A) Amortization of actuarial losses (12,708) (16,264) (A) Curtailment (loss)/gain (450) 133 (A) Settlement gain/(loss) 605 (205) (A) (12,976) (16,697) Total before tax 3,097 3,910 Tax benefit (9,879) (12,787) Net of tax Total reclassifications in the period $ (9,505) $ (13,631) (A) These accumulated other comprehensive income components are included within the computation of net periodic Pension and Other Postretirement Benefits cost. See Note 12.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
ROU assets and lease liabilities	The following table sets forth the classification of ROU assets and lease liabilities on the Consolidated Balance Sheets: Operating Leases Classification December 31, 2022 December 31, 2021 Leased Assets ROU assets Other assets $ 27,054 $ 29,393 Lease Liabilities Current lease liability Accrued liabilities 10,209 11,125 Long-term lease liability Other liabilities 17,128 18,018 $ 27,337 $ 29,143
Future minimum lease payments	Future minimum lease payments under non-cancellable leases as of December 31, 2022 were as follows: Operating Leases 2023 $ 10,883 2024 7,497 2025 3,405 2026 1,620 2027 1,161 After 2027 6,280 Total lease payments $ 30,846 Less: Interest 3,509 Present value of lease payments $ 27,337
Lease Term and Discount Rate	December 31, Lease Term and Discount Rate 2022 2021 2020 Weighted-average remaining lease term (years) Operating leases 5.8 5.8 5.8 Weighted-average discount rates Operating leases 3.38 % 3.01 % 3.52 %
Other Information	Year Ended December 31, Other Information 2022 2021 2020 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 13,596 $ 14,586 $ 13,907 Leased assets obtained in exchange for new operating lease liabilities $ 11,498 $ 15,287 $ 8,012

Information on Business Segme_2

Information on Business Segments (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table (in millions) sets forth summarized financial information by reportable business segment: Industrial Aerospace Other Total Company Sales 2022 $ 832.7 $ 429.2 $ — $ 1,261.9 2021 896.5 362.4 — 1,258.8 2020 770.1 354.3 — 1,124.4 Operating profit (loss) (A) 2022 $ (19.1) $ 76.2 $ — $ 57.1 2021 97.7 52.3 — 150.0 2020 66.6 56.8 — 123.4 Assets 2022 $ 1,680.4 $ 590.6 $ 142.7 $ 2,413.7 2021 1,827.9 583.0 165.9 2,576.8 2020 1,908.4 623.5 144.3 2,676.2 Depreciation and amortization 2022 $ 54.1 $ 37.3 $ 0.7 $ 92.2 2021 57.5 32.8 0.9 91.1 2020 57.7 29.0 0.9 87.7 Capital expenditures 2022 $ 19.2 $ 14.9 $ 1.0 $ 35.1 2021 21.3 12.7 0.2 34.1 2020 19.4 20.8 0.5 40.7 (A) Industrial operating losses in the period ended December 31, 2022 include a $68,194 goodwill impairment charge. Assets at Industrial were impacted by a corresponding amount given the reduction to the goodwill balance. See Note 6. _______________________ Notes: One customer, General Electric, accounted for 20%, 16% and 17% of the Company’s total revenues in 2022, 2021 and 2020, respectively.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	A reconciliation of the total reportable segments’ operating profit to income before income taxes follows (in millions): 2022 2021 2020 Operating profit $ 57.1 $ 150.0 $ 123.4 Interest expense 14.6 16.2 15.9 Other expense (income), net 4.3 6.0 5.9 Income before income taxes $ 38.2 $ 127.8 $ 101.5
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	The following table (in millions) summarizes total net sales and long-lived assets of the Company by geographic area: Domestic International Other Total Sales 2022 $ 545.2 $ 806.8 $ (90.2) $ 1,261.9 2021 516.4 829.4 (87.0) 1,258.8 2020 483.8 714.0 (73.4) 1,124.4 Long-lived assets 2022 $ 360.2 $ 1,303.2 $ — $ 1,663.4 2021 380.7 1,493.9 — 1,874.6 2020 383.2 1,628.6 — 2,011.8 ________________________ Notes: Germany, with sales of $204.3 million, $243.1 million and $223.3 million in 2022, 2021 and 2020, respectively, and Singapore, with sales of $144.9 million, $136.8 million and $129.8 million in 2022, 2021 and 2020, respectively, represent the only international countries with revenues in excess of 10% of the Company's total revenues in those years. “Other” revenues represent the elimination of inter-company sales between geographic locations, of which approximately 78%, 78% and 67% were sales from international locations to domestic locations in 2022, 2021 and 2020, respectively. Germany, with long-lived assets of $388.2 million, $428.9 million and $481.5 million as of December 31, 2022, 2021 and 2020, respectively, Singapore, with long-lived assets of $196.7 million, $201.6 million and $214.8 million as of December 31, 2022, 2021 and 2020, respectively and Italy, with long-lived assets of $300.4 million, $398.2 million and $443.1 million as of December 31, 2022, 2021 and 2020, respectively, represent the international countries with long-lived assets that exceeded 10% of the Company's total long-lived assets in those years.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Useful Lives [Line Items]
Maximum maturity term to be considered cash and cash equivalents	3 months
Impairment of goodwill	$ 68,194,000	$ 0	$ 0
Impairment of other intangible assets	0
Foreign currency transaction gains (losses)	(540,000)	(572,000)	(1,518,000)
Research and development expense	15,774,000	$ 22,928,000	$ 16,949,000
Industrial [Member]
Schedule of Useful Lives [Line Items]
Impairment of goodwill	$ 68,194,000
Buildings [Member] | Minimum
Schedule of Useful Lives [Line Items]
Useful lives of property, plant and equipment	20 years
Buildings [Member] | Maximum
Schedule of Useful Lives [Line Items]
Useful lives of property, plant and equipment	50 years
Machinery and equipment [Member] | Minimum
Schedule of Useful Lives [Line Items]
Useful lives of property, plant and equipment	4 years
Machinery and equipment [Member] | Maximum
Schedule of Useful Lives [Line Items]
Useful lives of property, plant and equipment	12 years

Divestiture - Narrative (Detail

Divestiture - Narrative (Details) € in Thousands, $ in Thousands			3 Months Ended	12 Months Ended
	Feb. 01, 2020 USD ($)	Feb. 01, 2020 EUR (€)	Dec. 31, 2021 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2022 EUR (€)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from the sale of businesses, net of cash sold				$ 0	$ 0	$ 36,062
Seeger divestiture charges				0	0	6,677
Goodwill, Impairment Loss				(68,194)	0	$ 0
Industrial [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill, Impairment Loss				(68,194)
Seeger Orbis GmbH &Co. OHG and Seeger-Orbis Mechanical Components (Tianjin) Co., Ltd. [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from the sale of businesses	$ 42,915	€ 38,964
Proceeds from the sale of businesses, net of cash sold	$ 36,062
Seeger divestiture charges			$ 4,211
Divestiture charges					2,466
Escrow deposits | €		6,000
Escrow deposits per year | €		€ 6,000					€ 4,000
Escrow deposits, prepaid expenses			2,000	2,000	2,000
Escrow deposits, other assets			$ 4,000	$ 2,000	$ 4,000

Revenue - Revenue by Category (

Revenue - Revenue by Category (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Net sales	$ 1,261,868	$ 1,258,846	$ 1,124,391
Aerospace OEM [Member]
Disaggregation of Revenue [Line Items]
Net sales	277,720	256,128	245,759
Aerospace Aftermarket [Member]
Disaggregation of Revenue [Line Items]
Net sales	163,974	115,513	119,695
Medical, Personal Care & Packaging [Member]
Disaggregation of Revenue [Line Items]
Net sales	186,729	219,672	213,725
Tool and Die [Member]
Disaggregation of Revenue [Line Items]
Net sales	85,947	95,466	81,187
General Industrial [Member]
Disaggregation of Revenue [Line Items]
Net sales	254,681	255,942	192,547
Auto Molding Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	138,978	150,125	125,337
Auto Production [Member]
Disaggregation of Revenue [Line Items]
Net sales	94,377	98,036	91,249
Automation [Member]
Disaggregation of Revenue [Line Items]
Net sales	59,462	67,964	54,892
Americas [Member]
Disaggregation of Revenue [Line Items]
Net sales	664,744	627,759	550,709
Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	376,139	393,916	370,538
Asia [Member]
Disaggregation of Revenue [Line Items]
Net sales	210,270	229,279	194,318
Other Geographic Market [Member]
Disaggregation of Revenue [Line Items]
Net sales	10,715	7,892	8,826
Engineered Components Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	189,458	184,241	161,024
Molding Solutions Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	402,598	458,681	400,806
Force & Motion Control Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	181,197	185,597	153,397
Automation Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	59,462	67,964	54,892
Aerospace Original Equipment Manufacturing Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	265,179	246,850	234,578
Aerospace Aftermarket Products and Services [Member]
Disaggregation of Revenue [Line Items]
Net sales	163,974	115,513	119,694
Industrial [Member]
Disaggregation of Revenue [Line Items]
Net sales	832,715	896,483	770,119
Industrial [Member] | Aerospace OEM [Member]
Disaggregation of Revenue [Line Items]
Net sales	12,541	9,278	11,182
Industrial [Member] | Aerospace Aftermarket [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Industrial [Member] | Medical, Personal Care & Packaging [Member]
Disaggregation of Revenue [Line Items]
Net sales	186,729	219,672	213,725
Industrial [Member] | Tool and Die [Member]
Disaggregation of Revenue [Line Items]
Net sales	85,947	95,466	81,187
Industrial [Member] | General Industrial [Member]
Disaggregation of Revenue [Line Items]
Net sales	254,681	255,942	192,547
Industrial [Member] | Auto Molding Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	138,978	150,125	125,337
Industrial [Member] | Auto Production [Member]
Disaggregation of Revenue [Line Items]
Net sales	94,377	98,036	91,249
Industrial [Member] | Automation [Member]
Disaggregation of Revenue [Line Items]
Net sales	59,462	67,964	54,892
Industrial [Member] | Americas [Member]
Disaggregation of Revenue [Line Items]
Net sales	357,032	356,518	293,339
Industrial [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	296,856	335,679	308,288
Industrial [Member] | Asia [Member]
Disaggregation of Revenue [Line Items]
Net sales	172,922	199,578	164,002
Industrial [Member] | Other Geographic Market [Member]
Disaggregation of Revenue [Line Items]
Net sales	5,905	4,708	4,490
Industrial [Member] | Engineered Components Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	189,458	184,241	161,024
Industrial [Member] | Molding Solutions Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	402,598	458,681	400,806
Industrial [Member] | Force & Motion Control Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	181,197	185,597	153,397
Industrial [Member] | Automation Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	59,462	67,964	54,892
Industrial [Member] | Aerospace Original Equipment Manufacturing Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Industrial [Member] | Aerospace Aftermarket Products and Services [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Aerospace [Member]
Disaggregation of Revenue [Line Items]
Net sales	429,153	362,363	354,272
Aerospace [Member] | Aerospace OEM [Member]
Disaggregation of Revenue [Line Items]
Net sales	265,179	246,850	234,577
Aerospace [Member] | Aerospace Aftermarket [Member]
Disaggregation of Revenue [Line Items]
Net sales	163,974	115,513	119,695
Aerospace [Member] | Medical, Personal Care & Packaging [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Aerospace [Member] | Tool and Die [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Aerospace [Member] | General Industrial [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Aerospace [Member] | Auto Molding Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Aerospace [Member] | Auto Production [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Aerospace [Member] | Automation [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Aerospace [Member] | Americas [Member]
Disaggregation of Revenue [Line Items]
Net sales	307,712	271,241	257,370
Aerospace [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	79,283	58,237	62,250
Aerospace [Member] | Asia [Member]
Disaggregation of Revenue [Line Items]
Net sales	37,348	29,701	30,316
Aerospace [Member] | Other Geographic Market [Member]
Disaggregation of Revenue [Line Items]
Net sales	4,810	3,184	4,336
Aerospace [Member] | Engineered Components Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Aerospace [Member] | Molding Solutions Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Aerospace [Member] | Force & Motion Control Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Aerospace [Member] | Automation Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Aerospace [Member] | Aerospace Original Equipment Manufacturing Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	265,179	246,850	234,578
Aerospace [Member] | Aerospace Aftermarket Products and Services [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 163,974	$ 115,513	$ 119,694
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue transfered percent	80%	80%	85%
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue transfered percent	20%	20%	15%

Revenue - Contract Balances (De

Revenue - Contract Balances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Unbilled receivables (contract assets)	$ 42,423	$ 33,522
Unbilled receivables (contract assets), $ Change	$ 8,901
Unbilled receivables (contract assets), % Change	27%
Contract liabilities	$ (27,857)	(25,374)
Contract liabilities, $ Change	$ (2,483)
Contract liabilities, % Change	10%
Net contract liabilities	$ 14,566	8,148
Net contract liabilities, $ Change	$ 6,418
Net contract assets, $Change	79%
Customer advances	$ 9,593	$ 9,364
Revenue recognized	90%	100%

Revenue - Contract Costs (Detai

Revenue - Contract Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Capitalized Contract Cost [Line Items]
Amortization of capitalized costs	$ 12,518	$ 13,446	$ 12,847
Capitalized costs, net	5,615	7,052
Tooling [Member]
Capitalized Contract Cost [Line Items]
Capitalized costs, net	2,728	3,800
Design Costs [Member]
Capitalized Contract Cost [Line Items]
Capitalized costs, net	$ 2,887	$ 3,252

Revenue - Remaining Performance

Revenue - Remaining Performance Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Remaining performance obligations	$ 241,659	$ 177,304
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations, percentage	65%
Remaining performance obligation, expected timing	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, expected timing	24 months

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Finished goods	$ 105,965	$ 88,954
Work-in-process	68,664	65,468
Raw materials and supplies	108,773	85,233
Inventories	$ 283,402	$ 239,655

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 906,980	$ 904,895
Less accumulated depreciation	(586,841)	(563,433)
Property, plant and equipment, net	320,139	341,462
Depreciation expense	47,163	47,600	$ 46,590
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	18,018	18,476
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	184,909	187,012
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 704,053	$ 699,407

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill [Roll Forward]
Goodwill, beginning of period	$ 955,370	$ 1,011,580
Foreign currency translation	(51,704)	(56,210)
Goodwill, end of period	835,472	955,370	$ 1,011,580
Other Intangible Assets:
Gross Amount	892,323	890,360
Foreign currency translation	(36,404)	(21,674)
Other intangible assets	911,589	924,356
Accumulated Amortization	(469,097)	(424,110)
Amortization of intangible assets	44,987	43,485	41,066
Intangible Assets, Future Amortization Expense
Estimated amortization of intangible assets, year 1	46,000
Estimated amortization of intangible assets, year 2	44,000
Estimated amortization of intangible assets, year 3	44,000
Estimated amortization of intangible assets, year 4	43,000
Estimated amortization of intangible assets, year 5	41,000
Impairment of goodwill	68,194	0	0
Trade Names [Member]
Other Intangible Assets:
Gross Amount	$ 55,670	55,670
Revenue sharing programs [Member]
Other Intangible Assets:
Range of life (in years)	30 years
Gross Amount	$ 299,500	299,500
Accumulated Amortization	$ (164,162)	(151,961)
Component Repair Program [Member]
Other Intangible Assets:
Range of life (in years)	30 years
Gross Amount	$ 111,839	111,839
Accumulated Amortization	(41,880)	(35,632)
Customer Relationships [Member]
Other Intangible Assets:
Gross Amount	337,189	337,189
Accumulated Amortization	$ (156,442)	(137,856)
Customer Relationships [Member] | Minimum
Other Intangible Assets:
Range of life (in years)	10 years
Customer Relationships [Member] | Maximum
Other Intangible Assets:
Range of life (in years)	16 years
Patents And Technology [Member]
Other Intangible Assets:
Gross Amount	$ 123,433	123,433
Accumulated Amortization	$ (92,875)	(86,002)
Patents And Technology [Member] | Minimum
Other Intangible Assets:
Range of life (in years)	4 years
Patents And Technology [Member] | Maximum
Other Intangible Assets:
Range of life (in years)	11 years
Trademarks, Trade Names [Member]
Other Intangible Assets:
Gross Amount	$ 10,949	10,949
Accumulated Amortization	$ (10,772)	(10,587)
Trademarks, Trade Names [Member] | Minimum
Other Intangible Assets:
Range of life (in years)	10 years
Trademarks, Trade Names [Member] | Maximum
Other Intangible Assets:
Range of life (in years)	30 years
Other [Member]
Other Intangible Assets:
Range of life (in years)	10 years
Gross Amount	$ 9,413	7,450
Accumulated Amortization	(2,966)	(2,072)
Industrial [Member]
Goodwill [Roll Forward]
Goodwill, beginning of period	924,584	980,794
Foreign currency translation	(51,704)	(56,210)
Goodwill, end of period	804,686	924,584	980,794
Intangible Assets, Future Amortization Expense
Impairment of goodwill	68,194
Aerospace [Member]
Goodwill [Roll Forward]
Goodwill, beginning of period	30,786	30,786
Foreign currency translation	0	0
Goodwill, end of period	30,786	$ 30,786	$ 30,786
Intangible Assets, Future Amortization Expense
Impairment of goodwill

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accrued Liabilities [Abstract]
Payroll and other compensation	$ 32,276	$ 49,872
Contract liabilities (Note 3)	27,857	25,374
Pension and other postretirement benefits (Note 12)	10,999	6,043
Accrued income taxes	29,201	37,908
Lease liability (Note 19)	10,209	11,125
Business reorganizations (Note 9)	11,000	1,222
Other	37,026	44,039
Accrued liabilities	$ 158,568	$ 175,583

Debt and Commitments (Details 1

Debt and Commitments (Details 1) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Oct. 15, 2014
Debt Instrument [Line Items]
Debt, Carrying Value	$ 8	$ 1,900
Finance lease, Carrying Amount	4,404	6,505
Finance lease, Fair Amount	4,085	6,827
Carrying Amount	571,084	603,667
Fair Value	565,360	630,648
Less current maturities	(1,445)	(3,735)
Long-term debt	$ 569,639	$ 599,932
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Long-Term Debt	Long-Term Debt
Amended Credit Agreement
Debt Instrument [Line Items]
Debt, Carrying Amount	$ 466,672	$ 495,262
Debt, Fair Value	464,373	516,380
Senior Notes | 3.97% Senior Notes
Debt Instrument [Line Items]
Debt, Carrying Amount	100,000	100,000
Debt, Fair Value	$ 96,894	105,541
Interest rate	3.97%		3.97%
Lines of credit and overdrafts
Debt Instrument [Line Items]
Debt, Carrying Value	$ 8	224
Debt, Fair Value	8	224
Other
Debt Instrument [Line Items]
Debt, Carrying Amount	0	1,676
Debt, Fair Value	$ 0	$ 1,676

Debt and Commitments (Details N

Debt and Commitments (Details Narrative) € in Thousands

1 Months Ended

12 Months Ended

Apr. 06, 2022 USD ($)

Feb. 10, 2021 USD ($)

Oct. 31, 2020 USD ($)

Oct. 31, 2014

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Dec. 31, 2020 USD ($)

Dec. 31, 2022 EUR (€)

Dec. 31, 2021 EUR (€)

Feb. 09, 2021 USD ($)

Oct. 08, 2020 USD ($)

Oct. 07, 2020 USD ($)

Oct. 15, 2014 USD ($)

Debt Instrument [Line Items]

Notes and overdrafts payable

$ 8,000

$ 1,900,000

Bank acceptances executed and outstanding

0

Finance lease

4,404,000

6,505,000

Debt maturities, year 1

1,445,000

Debt maturities, year 2

101,927,000

Debt maturities, year 3

737,000

Debt maturities, year 4

466,975,000

Debt maturities, year 5

0

Debt maturities, after year 5

0

Letters of credit outstanding, amount

8,068,000

Interest paid

13,535,000

15,206,000

$ 15,088,000

Interest capitalized

391,000

282,000

$ 348,000

Sixth Amendment Maturity February 2022 and 3.97% Senior Notes

Debt Instrument [Line Items]

Additional borrowings allowed

338,869,000

Line of Credit

Debt Instrument [Line Items]

Maximum borrowing capacity

$ 71,000,000

Notes and overdrafts payable

0

Repayment period

1 month

Bank Overdrafts

Debt Instrument [Line Items]

Notes and overdrafts payable

$ 8,000

224,000

Repayment period

2 days

Line of Credit | Sixth Amendment Maturity February 2022

Debt Instrument [Line Items]

Accordion feature amount

$ 200,000,000

Line of Credit | Sixth Amended and Restate Senior Unsecured Revolving Credit Agreement Due 2026

Debt Instrument [Line Items]

Accordion feature amount

$ 250,000,000

Line of Credit | Amendment No. 1 To Amended Credit Agreement

Debt Instrument [Line Items]

Line of credit facility, commitment fee amount

$ 1,037,000

Senior Notes | 3.97% Senior Notes

Debt Instrument [Line Items]

Debt instrument, face amount

$ 100,000,000

Interest rate

3.97%

3.97%

3.97%

Redemption price

100%

Carrying amount of debt

$ 100,000,000

100,000,000

Senior Notes | Sixth Amendment Maturity February 2022 and 3.97% Senior Notes

Debt Instrument [Line Items]

Additional borrowings allowed

$ 217,542,000

Line of Credit and Senior Notes | Fifth Amendment Maturity February 2022 and Three Point Seven Percent Senior Notes

Debt Instrument [Line Items]

Allowable add-back for EBITDA

$ 15,000,000

Line of Credit and Senior Notes | Sixth Amendment Maturity February 2022 and 3.97% Senior Notes

Debt Instrument [Line Items]

Fees and expenses paid with amendment

$ 1,384,000

Debt covenant, senior debt ratio (not more than)

3.25

3.25

3.75

Debt covenant acquisitions, senior debt ratio (not more than)

3.50

Debt covenant, threshold for permitted acquisition

$ 150,000,000

Allowable add-back for EBITDA

$ 25,000,000

Debt covenant, fee for exceeding senior leverage ratio

0.0050

Debt covenant, senior debt debt ratio at period end

2,350

2,350

Foreign bank borrowings

Debt Instrument [Line Items]

Carrying amount of debt

1,676,000

Minimum | Line of Credit | Amendment No. 1 To Amended Credit Agreement

Debt Instrument [Line Items]

Line of credit facility, commitment fee percentage

0.15%

Minimum | Line of Credit and Senior Notes | Sixth Amendment Maturity February 2022 and 3.97% Senior Notes

Debt Instrument [Line Items]

Debt covenant, senior debt ratio (not more than)

3.25

Maximum | Line of Credit | Amendment No. 1 To Amended Credit Agreement

Debt Instrument [Line Items]

Line of credit facility, commitment fee percentage

0.30%

Maximum | Line of Credit and Senior Notes | Sixth Amendment Maturity February 2022 and 3.97% Senior Notes

Debt Instrument [Line Items]

Debt covenant, senior debt ratio (not more than)

3.75

Base Rate | Minimum | Line of Credit | Amendment No. 1 To Amended Credit Agreement

Debt Instrument [Line Items]

Basis spread on variable rate

0%

Base Rate | Maximum | Line of Credit | Amendment No. 1 To Amended Credit Agreement

Debt Instrument [Line Items]

Basis spread on variable rate

0.70%

Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum | Line of Credit | Amendment No. 1 To Amended Credit Agreement

Debt Instrument [Line Items]

Basis spread on variable rate

0.975%

Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum | Line of Credit | Amendment No. 1 To Amended Credit Agreement

Debt Instrument [Line Items]

Basis spread on variable rate

1.70%

Revolving Credit Facility

Debt Instrument [Line Items]

Line of credit facility, amount outstanding

$ 466,672,000

495,262,000

Line of credit facility remaining borrowing capacity

$ 533,328,000

$ 504,738,000

Line of credit facility, interest rate at period end

3.67%

1.48%

3.67%

1.48%

Revolving Credit Facility | Fifth Amendment Maturity February 2022 and Three Point Seven Percent Senior Notes

Debt Instrument [Line Items]

Debt covenant, EBITDA to interest expense (not less than)

4.25

4.25

Revolving Credit Facility | Line of Credit | Sixth Amended and Restate Senior Unsecured Revolving Credit Agreement Due 2026

Debt Instrument [Line Items]

Maximum borrowing capacity

1,000,000,000

Fees and expenses paid with amendment

$ 4,306,000

Debt covenant acquisitions, senior debt ratio (not more than)

3.50

Debt covenant, threshold for permitted acquisition

$ 150,000,000

Maximum borrowing capacity after accordion feature

$ 1,250,000,000

Debt covenant, total debt ratio (not more than)

3.75

Debt covenant acquisitions, total debt ratio (not more than)

4.25

Revolving Credit Facility | Euro | Line of Credit

Debt Instrument [Line Items]

Carrying amount of debt

$ 331,672,000

$ 360,262,000

€ 310,700

€ 318,450

Revolving Credit Facility | Minimum | Line of Credit and Senior Notes | Sixth Amended and Restate Senior Unsecured Revolving Credit Agreement Due 2026

Debt Instrument [Line Items]

Debt covenant, senior debt ratio (not more than)

3.25

Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Minimum | Line of Credit | Sixth Amended and Restate Senior Unsecured Revolving Credit Agreement Due 2026

Debt Instrument [Line Items]

Basis spread on variable rate

1.175%

Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Maximum | Line of Credit | Sixth Amended and Restate Senior Unsecured Revolving Credit Agreement Due 2026

Debt Instrument [Line Items]

Basis spread on variable rate

1.775%

Revolving Credit Facility | Base Rate | Minimum | Line of Credit | Sixth Amended and Restate Senior Unsecured Revolving Credit Agreement Due 2026

Debt Instrument [Line Items]

Basis spread on variable rate

0.175%

Revolving Credit Facility | Base Rate | Maximum | Line of Credit | Sixth Amended and Restate Senior Unsecured Revolving Credit Agreement Due 2026

Debt Instrument [Line Items]

Basis spread on variable rate

0.775%

Revolving Credit Facility | Euribor | Line of Credit | Sixth Amended and Restate Senior Unsecured Revolving Credit Agreement Due 2026

Debt Instrument [Line Items]

Interest rate

0%

Revolving Credit Facility | Euribor | Minimum | Line of Credit | Sixth Amended and Restate Senior Unsecured Revolving Credit Agreement Due 2026

Debt Instrument [Line Items]

Basis spread on variable rate

1.175%

Revolving Credit Facility | Euribor | Maximum | Line of Credit | Sixth Amended and Restate Senior Unsecured Revolving Credit Agreement Due 2026

Debt Instrument [Line Items]

Basis spread on variable rate

1.775%

Business Reorganizations - Narr

Business Reorganizations - Narrative (Details) $ in Thousands	1 Months Ended		12 Months Ended
	Jul. 31, 2022 USD ($)	Jun. 30, 2020	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 USD ($)	Jul. 26, 2022 site
2020 Actions
Restructuring Cost and Reserve [Line Items]
Charge for business reorganization				$ 19,116
Percentage reduction in workforce		8%
Liability for business reorganization			$ 100
2021 Actions
Restructuring Cost and Reserve [Line Items]
Charge for business reorganization				2,869
Other restructuring costs			465
2022 Actions
Restructuring Cost and Reserve [Line Items]
Charge for business reorganization	$ 17,986		11,880
Liability for business reorganization			10,900	$ 0
Number of manufacturing sites | site						2
Severance costs	11,880
Other restructuring costs	6,106
Accelerated depreciation	3,186
Pension curtailment losses	$ 1,417
2022 Actions | Forecast
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost					$ 11,000
Other expense (income), net
Restructuring Cost and Reserve [Line Items]
Charge for business reorganization			958
Aerospace [Member]
Restructuring Cost and Reserve [Line Items]
Charge for business reorganization			2,251
Industrial [Member]
Restructuring Cost and Reserve [Line Items]
Charge for business reorganization			$ 15,907

Business Reorganizations - Chan

Business Reorganizations - Change in Liability for Business Reorganization (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jul. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
2022 Actions
Restructuring Reserve [Roll Forward]
Restructuring reserve		$ 0
Employee severance and other termination benefits	$ 17,986	11,880
Payments		(980)
Restructuring reserve		10,900	$ 0
Employee Severance and other termination benefits
Restructuring Reserve [Roll Forward]
Restructuring reserve		1,222	13,151
Employee severance and other termination benefits		(321)	(2,224)
Payments		$ (801)	(9,705)
Restructuring reserve			$ 1,222

Derivatives (Details)

Derivatives (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Mar. 24, 2021 USD ($)	Apr. 28, 2017 USD ($) Bank
Derivative [Line Items]
Other assets, fair value disclosure	$ 8,535,000	$ 316,000
Net cash payments from settlement	$ (13,638,000)	(9,661,000)	$ 3,837,000
Interest Rate Contract [Member]
Derivative [Line Items]
Contract term (up to)	2 years
Foreign Exchange Contract [Member]
Derivative [Line Items]
Net cash payments from settlement	$ 12,324,000	766,000	(5,587,000)
Foreign Exchange Contract [Member] | Other expense (income), net
Derivative [Line Items]
Amount of gain (loss) recognized in income on derivatives	$ (12,937,000)	$ (2,494,000)	$ 5,631,000
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative [Line Items]
Number of banks transacted with for interest rate swap agreements (in banks) | Bank					1
Fixed interest rate				1.17%	1.92%
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | One-month LIBOR [Member]
Derivative [Line Items]
Derivative amount of hedge				$ 100,000,000	$ 100,000,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Accrued liabilities
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Prepaid expenses and other current assets
Minimum
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Maturity of bank acceptances	1 year
Fair Value, Measurements, Recurring | Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Asset derivatives	$ 8,856	$ 375
Liability derivatives	(1,023)	(107)
Bank acceptances	13,260	13,240
Rabbi trust assets	2,104	3,001
Fair value net asset (liability)	23,197	16,509
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Asset derivatives	0	0
Liability derivatives	0	0
Bank acceptances	0	0
Rabbi trust assets	2,104	3,001
Fair value net asset (liability)	2,104	3,001
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Asset derivatives	8,856	375
Liability derivatives	(1,023)	(107)
Bank acceptances	13,260	13,240
Rabbi trust assets	0	0
Fair value net asset (liability)	21,093	13,508
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Asset derivatives	0	0
Liability derivatives	0	0
Bank acceptances	0	0
Rabbi trust assets	0	0
Fair value net asset (liability)	$ 0	$ 0

Pension and Other Postretirem_3

Pension and Other Postretirement Benefits (Details 1) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Contribution expense		$ 4,870	$ 5,475	$ 5,301
Pensions [Member]
Defined Benefit Plan Disclosure [Line Items]
Total accumulated benefit obligation	$ 395,663	395,663	520,356
Estimated future employer contributions in next fiscal year	9,712	9,712
Curtailment gain (loss)	$ (1,158)	(1,158)	133	(484)
Settlement gain (loss)		605	(205)	(549)
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Curtailment gain (loss)		0	0	0
Settlement gain (loss)		$ 0	$ 0	$ 0
Health care cost trend rate assumed	7.52%	7.52%	6.56%
Ultimate health care cost trend rate	4%	4%
Equity Securities [Member] | Pensions [Member]
Defined Benefit Plan Disclosure [Line Items]
The weighted-average target investment allocations in equity securities	65%	65%
Fixed Income Securities [Member] | Pensions [Member]
Defined Benefit Plan Disclosure [Line Items]
The weighted-average target investment allocations in equity securities	35%	35%

Pension and Other Postretirem_4

Pension and Other Postretirement Benefits (Details 2) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Pensions [Member]
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning balance		$ 532,216	$ 557,804
Service cost		5,689	6,547	$ 6,269
Interest cost		14,108	12,749	15,084
Amendments		121	862
Actuarial gain		(118,255)	(14,481)
Benefits paid		(27,474)	(29,508)
Transfers in		2,694	2,468
Plan curtailments		708	(603)
Plan settlements		(4,527)	(2,464)
Special termination benefits	$ 395	395	0	0
Participant contributions		1,034	1,171
Foreign exchange rate changes		(4,403)	(2,329)
Benefit obligation, ending balance	402,306	402,306	532,216	557,804
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning balance		509,929	502,778
Actual return on plan assets		(105,848)	33,094
Company contributions		4,094	4,197
Participant contributions		1,034	1,171
Benefits paid		(27,474)	(29,508)
Plan settlements		(4,527)	(2,464)
Transfers in		2,694	2,468
Foreign exchange rate changes		(4,982)	(1,807)
Fair value of plan assets, ending balance	374,920	374,920	509,929	502,778
Funded/(underfunded) status, December 31	(27,386)	(27,386)	(22,287)
Pensions [Member] | U.S. [Member]
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning balance		442,756	461,296
Service cost		3,869	4,378
Interest cost		13,144	11,963
Amendments		121	862
Actuarial gain		(94,516)	(10,734)
Benefits paid		(24,882)	(25,009)
Transfers in		0	0
Plan curtailments		708	0
Plan settlements		0	0
Special termination benefits		395	0
Participant contributions		0	0
Foreign exchange rate changes		0	0
Benefit obligation, ending balance	341,595	341,595	442,756	461,296
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning balance		422,563	413,898
Actual return on plan assets		(95,573)	30,880
Company contributions		2,773	2,794
Participant contributions		0	0
Benefits paid		(24,882)	(25,009)
Plan settlements		0	0
Transfers in		0	0
Foreign exchange rate changes		0	0
Fair value of plan assets, ending balance	304,881	304,881	422,563	413,898
Funded/(underfunded) status, December 31	(36,714)	(36,714)	(20,193)
Pensions [Member] | Foreign Plan [Member]
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning balance		89,460	96,508
Service cost		1,820	2,169
Interest cost		964	786
Amendments		0	0
Actuarial gain		(23,739)	(3,747)
Benefits paid		(2,592)	(4,499)
Transfers in		2,694	2,468
Plan curtailments		0	(603)
Plan settlements		(4,527)	(2,464)
Special termination benefits		0	0
Participant contributions		1,034	1,171
Foreign exchange rate changes		(4,403)	(2,329)
Benefit obligation, ending balance	60,711	60,711	89,460	96,508
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning balance		87,366	88,880
Actual return on plan assets		(10,275)	2,214
Company contributions		1,321	1,403
Participant contributions		1,034	1,171
Benefits paid		(2,592)	(4,499)
Plan settlements		(4,527)	(2,464)
Transfers in		2,694	2,468
Foreign exchange rate changes		(4,982)	(1,807)
Fair value of plan assets, ending balance	70,039	70,039	87,366	88,880
Funded/(underfunded) status, December 31	9,328	9,328	(2,094)
Other Postretirement Benefits [Member]
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning balance		29,839	33,104
Service cost		77	103	81
Interest cost		808	819	1,041
Actuarial gain		(6,375)	(2,115)
Benefits paid		(2,597)	(2,690)
Special termination benefits		0	0	0
Participant contributions		141	589
Foreign exchange rate changes		71	29
Benefit obligation, ending balance	21,964	21,964	29,839	33,104
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning balance		0	0
Company contributions		2,456	2,101
Participant contributions		141	589
Benefits paid		(2,597)	(2,690)
Fair value of plan assets, ending balance	0	0	0	$ 0
Funded/(underfunded) status, December 31	$ (21,964)	$ (21,964)	$ (29,839)

Pension and Other Postretirem_5

Pension and Other Postretirement Benefits (Details 3) - Pensions [Member] - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 303,631	$ 92,456
Fair value of plan assets	260,722	40,055
U.S. [Member]
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	268,811	43,184
Fair value of plan assets	226,866	5,592
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	34,820	49,272
Fair value of plan assets	$ 33,856	$ 34,463

Pension and Other Postretirem_6

Pension and Other Postretirement Benefits (Details 4) - Pensions [Member] - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Abstract]
Accumulated benefit obligation	$ 81,029	$ 92,239
Fair value of plan assets	43,669	40,055
U.S. [Member]
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Abstract]
Accumulated benefit obligation	46,267	43,108
Fair value of plan assets	9,813	5,592
Foreign Plan [Member]
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Abstract]
Accumulated benefit obligation	34,762	49,131
Fair value of plan assets	$ 33,856	$ 34,463

Pension and Other Postretirem_7

Pension and Other Postretirement Benefits (Details 5) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Accrued liabilities	$ 10,999	$ 6,043
Accrued retirement benefits	54,352	76,784
Pensions [Member]
Defined Benefit Plan Disclosure [Line Items]
Other assets	15,523	30,114
Accrued liabilities	8,369	3,160
Accrued retirement benefits	34,540	49,241
Accumulated other non-owner changes to equity, net	(110,901)	(110,109)
Net actuarial loss	(109,018)	(107,591)
Prior service costs	(1,883)	(2,518)
Pensions [Member] | U.S. [Member]
Defined Benefit Plan Disclosure [Line Items]
Other assets	5,231	17,399
Accrued liabilities	8,369	3,160
Accrued retirement benefits	33,576	34,432
Accumulated other non-owner changes to equity, net	(108,265)	(96,425)
Net actuarial loss	(106,887)	(94,496)
Prior service costs	(1,378)	(1,929)
Pensions [Member] | Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Other assets	10,292	12,715
Accrued liabilities	0	0
Accrued retirement benefits	964	14,809
Accumulated other non-owner changes to equity, net	(2,636)	(13,684)
Net actuarial loss	(2,131)	(13,095)
Prior service costs	(505)	(589)
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Accrued liabilities	2,630	2,883
Accrued retirement benefits	19,334	26,956
Accumulated other non-owner changes to equity, net	2,261	(2,198)
Net actuarial loss	2,269	(2,141)
Prior service costs	$ (8)	$ (57)

Pension and Other Postretirem_8

Pension and Other Postretirement Benefits (Details 6) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Total	[1]	$ 3,667	$ 29,812	$ 1,928
Pensions [Member]
Defined Benefit Plan Disclosure [Line Items]
Prior service cost		(92)
Net gain (loss)		(11,480)
Amortization of prior service costs		636
Amortization of actuarial loss		9,218
Foreign exchange rate changes		926
Total		(792)
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Prior service cost		0
Net gain (loss)		4,441
Amortization of prior service costs		27
Amortization of actuarial loss		(2)
Foreign exchange rate changes		(7)
Total		$ 4,459
[1]Net of tax of $(489), $8,916 and $401 for the years ended December 31, 2022, 2021 and 2020, respectively.

Pension and Other Postretirem_9

Pension and Other Postretirement Benefits (Details 7)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Interest crediting rate	1.34%	1.34%	1.34%
Foreign Plan [Member]
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Interest crediting rate	2.01%	1.34%
Pensions [Member] | U.S. [Member]
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	5.50%	2.95%
Increase in compensation	3.05%	3.03%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	2.95%	2.65%	3.40%
Long-term rate of return	7.25%	7.25%	7.75%
Increase in compensation	3.03%	2.56%	2.56%
Pensions [Member] | Foreign Plan [Member]
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	3.60%	1.17%
Increase in compensation	2.76%	2.77%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	1.17%	0.83%	1.28%
Long-term rate of return	2.33%	1.96%	3.02%
Increase in compensation	2.77%	2.75%	2.75%

Pension and Other Postretire_10

Pension and Other Postretirement Benefits (Details 8) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity Securities, Global Entity [Member] | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets		$ 0
Equity Securities, Global Entity [Member] | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets		0
Pensions [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	$ 374,920	509,929	$ 502,778
Pensions [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	74,523	102,852
Pensions [Member] | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	298,576	404,186
Pensions [Member] | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	1,821	2,891
Pensions [Member] | Cash and short-term investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	3,542	4,195
Pensions [Member] | Cash and short-term investments [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	3,542	4,195
Pensions [Member] | Cash and short-term investments [Member] | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	0	0
Pensions [Member] | Cash and short-term investments [Member] | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	0	0
Pensions [Member] | Equity Securities, U.S. large-cap [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	35,734	49,079
Pensions [Member] | Equity Securities, U.S. large-cap [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	0	0
Pensions [Member] | Equity Securities, U.S. large-cap [Member] | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	35,734	49,079
Pensions [Member] | Equity Securities, U.S. large-cap [Member] | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	0	0
Pensions [Member] | Equity Securities, U.S. mid-cap [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	14,205	19,469
Pensions [Member] | Equity Securities, U.S. mid-cap [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	14,205	19,469
Pensions [Member] | Equity Securities, U.S. mid-cap [Member] | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	0	0
Pensions [Member] | Equity Securities, U.S. mid-cap [Member] | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	0	0
Pensions [Member] | Equity Securities, U.S. small-cap [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	14,622	18,795
Pensions [Member] | Equity Securities, U.S. small-cap [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	14,622	18,795
Pensions [Member] | Equity Securities, U.S. small-cap [Member] | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	0	0
Pensions [Member] | Equity Securities, U.S. small-cap [Member] | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	0	0
Pensions [Member] | Equity Securities, International equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	104,377	136,557
Pensions [Member] | Equity Securities, International equities [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	0	0
Pensions [Member] | Equity Securities, International equities [Member] | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	104,377	136,557
Pensions [Member] | Equity Securities, International equities [Member] | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	0	0
Pensions [Member] | Equity Securities, Global Entity [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	42,154	60,393
Pensions [Member] | Equity Securities, Global Entity [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	42,154	60,393
Pensions [Member] | Equity Securities, Global Entity [Member] | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	0
Pensions [Member] | Equity Securities, Global Entity [Member] | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	0
Pensions [Member] | U.S. bond funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	97,170	143,035
Pensions [Member] | U.S. bond funds [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	0	0
Pensions [Member] | U.S. bond funds [Member] | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	97,170	143,035
Pensions [Member] | U.S. bond funds [Member] | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	0	0
Pensions [Member] | International bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	61,295	75,515
Pensions [Member] | International bonds [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	0	0
Pensions [Member] | International bonds [Member] | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	61,295	75,515
Pensions [Member] | International bonds [Member] | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	0	0
Pensions [Member] | Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	1,821	2,891
Pensions [Member] | Other [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	0	0
Pensions [Member] | Other [Member] | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	0	0
Pensions [Member] | Other [Member] | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	$ 1,821	$ 2,891

Pension and Other Postretire_11

Pension and Other Postretirement Benefits (Details 9) $ in Thousands	Dec. 31, 2022 USD ($)
Pensions [Member]
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2023	$ 34,976
2023	32,411
2025	32,292
2026	32,165
2027	28,824
Years 2028-2032	141,030
Total	301,698
Other Postretirement Benefits [Member]
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2023	2,630
2023	2,400
2025	2,247
2026	2,079
2027	1,947
Years 2028-2032	8,196
Total	$ 19,499

Pension and Other Postretire_12

Pension and Other Postretirement Benefits (Details 10) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Pensions [Member]
Pension and other postretirement benefits expenses
Service cost		$ 5,689	$ 6,547	$ 6,269
Interest cost		14,108	12,749	15,084
Expected return on plan assets		(28,944)	(27,858)	(29,698)
Amortization of prior service cost		387	332	359
Recognized losses		12,710	16,006	13,626
Curtailment loss/(gain)	$ 1,158	1,158	(133)	484
Settlement (gain)/loss		(605)	205	549
Special termination benefits	$ 395	395	0	0
Net periodic benefit cost		4,898	7,848	6,673
Other Postretirement Benefits [Member]
Pension and other postretirement benefits expenses
Service cost		77	103	81
Interest cost		808	819	1,041
Expected return on plan assets		0	0	0
Amortization of prior service cost		36	29	27
Recognized losses		(2)	258	35
Curtailment loss/(gain)		0	0	0
Settlement (gain)/loss		0	0	0
Special termination benefits		0	0	0
Net periodic benefit cost		$ 919	$ 1,209	$ 1,184

Stock-based Compensation - Narr

Stock-based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years
Stock-based compensation expense	$ 12,804	$ 11,470	$ 10,300
Tax benefit from stock-based compensation expense	2,444	2,263	2,198
Exercise option, tax benefit	(1,257)	(523)	(579)
Unrecognized compensation costs	$ 20,435
Unrecognized compensation costs, period for recognition	3 years 1 month 24 days
Proceeds form exercise of stock options	$ 150	1,083	1,596
Intrinsic value of stock options exercised	$ 55	$ 439	$ 781
Weighted average grant date fair value (in dollars per share)	$ 15.63	$ 17.30	$ 14.69
Expected volatility	50.27%
Performance period	3 years
Risk-free interest rate	1.98%
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	40.10%	40%	26%
Risk-free interest rate	1.98%	0.55%	1.45%
Share-based Payment Arrangement, Option [Member] | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	6 months
Share-based Payment Arrangement, Option [Member] | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted (in shares)	250,789
Performance Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Period stock option awards	10 years
Performance vested stock option granted	$ 8.45
Expected volatility	34.50%
Awards granted (in shares)	135,634
Performance period	3 years
Minimum range of target award of stock plan	0%
Maximum range of target award of stock plan	250%
Risk-free interest rate	3.46%
Performance Share Awards [Member] | Share-Based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate	0%
Compound annual growth rate	5%
Performance Share Awards [Member] | Share-Based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate	33.30%
Compound annual growth rate	5%
Performance Share Awards [Member] | Share-Based Payment Arrangement, Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate	66.60%
Compound annual growth rate	7%
Performance Share Awards [Member] | Share-Based Payment Arrangement, Tranche Four
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate	100%
Compound annual growth rate	9%

Stock-Based Compensation (Detai

Stock-Based Compensation (Details 1)	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Number of Shares
Options Outstanding (in shares) | shares	766,614
Granted (in shares) | shares	1,306,370
Exercised (in shares) | shares	(5,209)
Forfeited (in shares) | shares	(215,172)
Options Outstanding (in shares) | shares	1,852,603
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options outstanding (in dollars per share) | $ / shares	$ 50.71
Granted (in dollars per share) | $ / shares	31.66
Exercised (in dollars per share) | $ / shares	28.77
Forfeited (in dollars per share) | $ / shares	46.83
Options outstanding (in dollars per share) | $ / shares	$ 37.79

Stock-Based Compensation (Det_2

Stock-Based Compensation (Details 2)	12 Months Ended
	Dec. 31, 2022 $ / shares shares
$30.32
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Range Limit (in dollars per share)	$ 30.32
Options Outstanding, Number of Shares (in shares) | shares	1,183,406
Options Outstanding, Average Remaining Life (Years)	9 years 6 months 10 days
Options Outstanding, Average Exercise Price (in dollars per share)	$ 30.32
Options Exercisable, Number of Shares (in shares) | shares	0
Options Exercisable, Average Exercise Price (in dollars per share)	$ 0
$30.71 to $37.13
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Range Limit (in dollars per share)	30.71
Range of Exercise Prices, Upper Range Limit (in dollars per share)	$ 37.13
Options Outstanding, Number of Shares (in shares) | shares	128,164
Options Outstanding, Average Remaining Life (Years)	3 years 1 month 24 days
Options Outstanding, Average Exercise Price (in dollars per share)	$ 32.14
Options Exercisable, Number of Shares (in shares) | shares	120,800
Options Exercisable, Average Exercise Price (in dollars per share)	$ 32.07
$45.25 to $47.07
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Range Limit (in dollars per share)	45.25
Range of Exercise Prices, Upper Range Limit (in dollars per share)	$ 47.07
Options Outstanding, Number of Shares (in shares) | shares	154,882
Options Outstanding, Average Remaining Life (Years)	5 years 3 months 21 days
Options Outstanding, Average Exercise Price (in dollars per share)	$ 46.36
Options Exercisable, Number of Shares (in shares) | shares	117,282
Options Exercisable, Average Exercise Price (in dollars per share)	$ 46.72
$51.55 to $59.28
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Range Limit (in dollars per share)	51.55
Range of Exercise Prices, Upper Range Limit (in dollars per share)	$ 59.28
Options Outstanding, Number of Shares (in shares) | shares	209,082
Options Outstanding, Average Remaining Life (Years)	5 years 1 month 28 days
Options Outstanding, Average Exercise Price (in dollars per share)	$ 55.89
Options Exercisable, Number of Shares (in shares) | shares	176,676
Options Exercisable, Average Exercise Price (in dollars per share)	$ 56.49
$59.46 to $66.10
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Range Limit (in dollars per share)	59.46
Range of Exercise Prices, Upper Range Limit (in dollars per share)	$ 66.10
Options Outstanding, Number of Shares (in shares) | shares	177,069
Options Outstanding, Average Remaining Life (Years)	5 years
Options Outstanding, Average Exercise Price (in dollars per share)	$ 62.92
Options Exercisable, Number of Shares (in shares) | shares	168,045
Options Exercisable, Average Exercise Price (in dollars per share)	$ 62.94

Stock-Based Compensation (Det_3

Stock-Based Compensation (Details 3)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	1.98%
Expected volatility	50.27%
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	1.98%	0.55%	1.45%
Expected life (years)	5 years 6 months	5 years 6 months	5 years 6 months
Expected volatility	40.10%	40%	26%
Expected dividend yield	1.22%	1.23%	1.25%

Stock-Based Compensation (Det_4

Stock-Based Compensation (Details 4) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended
	Jul. 31, 2022	Dec. 31, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Options Outstanding, Expected to Vest (in shares)		1,784,035
Options Outstanding, Expected to Vest, Weighted-Average Exercise Price (in dollars per share)		$ 37.79
Options Outstanding, Expected to Vest, Aggregate Intrinsic Value		$ 13,075
Options Outstanding, Expected to Vest, Weighted-Average Remaining Term		7 years 9 months 25 days
Options Outstanding, Exercisable (in shares)		582,803
Options Outstanding, Exercisable, Weighted-Average Exercise Price (in dollars per share)		$ 51.32
Options Outstanding, Exercisable, Aggregate Intrinsic Value		$ 1,061
Options Outstanding, Exercisable, Weighted-Average Remaining Term		4 years 2 months 15 days
Share-Based Payment Award, Options, Vested, Number of Shares (in shares)	1,183,406

Stock-Based Compensation (Det_5

Stock-Based Compensation (Details 5)	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Awards Outstanding (in shares) | shares	259,107
Granted (in shares) | shares	250,789
Forfeited (in shares) | shares	(86,056)
Additional Earned (in shares) | shares	0
Issued (in shares) | shares	(121,601)
Awards Outstanding | shares	302,239
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Awards Outstanding (in dollars per share) | $ / shares	$ 49.27
Granted (in dollars per share) | $ / shares	40.75
Forfeited (in dollars per share) | $ / shares	49.59
Additional earned (in dollars per share) | $ / shares	0
Issued (in dollars per share) | $ / shares	52.98
Awards Outstanding (in dollars per share) | $ / shares
Service And Performance Based Rights [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Awards Outstanding (in shares) | shares	174,197
Granted (in shares) | shares	90,412
Forfeited (in shares) | shares	(71,329)
Additional Earned (in shares) | shares	(52,919)
Issued (in shares) | shares	0
Awards Outstanding | shares	140,361
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Awards Outstanding (in dollars per share) | $ / shares	$ 58.70
Granted (in dollars per share) | $ / shares	44.72
Forfeited (in dollars per share) | $ / shares	49.33
Additional earned (in dollars per share) | $ / shares	60.53
Issued (in dollars per share) | $ / shares	0
Awards Outstanding (in dollars per share) | $ / shares
Service And Market Based Rights [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Awards Outstanding (in shares) | shares	87,115
Granted (in shares) | shares	45,222
Forfeited (in shares) | shares	(35,664)
Additional Earned (in shares) | shares	(26,469)
Issued (in shares) | shares	0
Awards Outstanding | shares	70,204
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Awards Outstanding (in dollars per share) | $ / shares	$ 97.62
Granted (in dollars per share) | $ / shares	83.42
Forfeited (in dollars per share) | $ / shares	87.89
Additional earned (in dollars per share) | $ / shares	97.19
Issued (in dollars per share) | $ / shares	0
Awards Outstanding (in dollars per share) | $ / shares

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income from continuing operations before income taxes:
U.S.	$ (53,088)	$ (28,832)	$ (21,538)
International	91,273	156,649	123,033
Income before income taxes	38,185	127,817	101,495
Current:
U.S. – federal	276	4,733	3,697
U.S. – state	778	1,009	(92)
International	29,374	38,609	41,506
Current income tax expense (benefit)	30,428	44,351	45,111
Deferred:
U.S. – federal	(790)	(6,800)	1,914
U.S. – state	(579)	(1,051)	222
International	(4,353)	(8,556)	(9,127)
Deferred income tax expense (benefit)	(5,722)	(16,407)	(6,991)
Income taxes	$ 24,706	$ 27,944	$ 38,120

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Contingency [Line Items]
Deferred tax liabilities recognized on foreign earnings		$ 185
Unremitted foreign earnings	$ 1,799,000	3,501
Foreign earnings repatriated		68,262
Tax benefit	(24,706)	(27,944)	$ (38,120)
TCJA, provisional expense for transition tax, liability, current	13,029
Long-term tax liability	39,086	$ 52,114
TCJA, provisional expense for transition tax, liability, year 6	17,371
TCJA, provisional expense for transition tax, liability, year 7	21,715
Internal Revenue Service (IRS)
Income Tax Contingency [Line Items]
Tax benefit	$ 1,967

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Pension	$ 11,505	$ 8,803
Tax loss carryforwards	10,970	11,067
Inventory valuation	8,015	10,660
Other postretirement/postemployment costs	7,715	7,741
Accrued compensation	7,430	9,775
Goodwill	8,981	14,960
Lease obligation	8,493	9,790
Other	17,310	16,609
Valuation allowance	(6,456)	(3,869)
Total deferred tax assets	73,963	85,536
Deferred tax liabilities:
Depreciation and amortization	(81,409)	(94,286)
Goodwill	(9,899)	(9,909)
Swedish tax incentive	(7,196)	(8,531)
Right of use liability	(8,456)	(9,826)
Other	(11,537)	(7,712)
Total deferred tax liabilities	118,497	130,264
Non-current deferred tax assets	18,028	21,976
Non-current deferred tax liabilities	(62,562)	(66,704)
Net deferred tax liabilities	$ (44,534)	$ (44,728)

Income Taxes (Details 3)

Income Taxes (Details 3) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2022
Operating Loss Carryforwards [Line Items]
Taxes payable, current	$ 3,008
Taxes payable, noncurrent	6,016
Deferred tax assets, tax deferred expense		$ 83,921
Deferred tax liabilities, tax deferred income	72,190
One-time deferred income tax benefit	$ 2,707
Changes due to foreign currency translation		2,559
Valuation allowance not deductible in future years		3,198
Tax loss carryforwards		$ 36,236
Carryforward period, min		1 year
Carryforward period, maximum		5 years
Tax credit carryforward (1-5 years)		$ 417
Operating loss carryforwards, valuation allowance		6,090
Credit carryforward, valuation allowance		366
U.S. Federal
Operating Loss Carryforwards [Line Items]
Tax loss carryforwards		$ 3,599
Carryforward period, maximum		20 years
State
Operating Loss Carryforwards [Line Items]
Carryforward period, min		1 year
Carryforward period, maximum		20 years
International
Operating Loss Carryforwards [Line Items]
Tax loss carryforwards		$ 2,819
Carryforward period, min		1 year
Carryforward period, maximum		20 years
International with Unlimited Carryforward Periods
Operating Loss Carryforwards [Line Items]
Tax loss carryforwards		$ 29,818

Income Taxes (Details 4)

Income Taxes (Details 4)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
U.S. federal statutory income tax rate	21%	21%	21%
Foreign operations taxed at different rates	0.60%	0.10%	5.60%
Foreign losses without tax benefit	7.50%	1.90%	3%
Foreign tax rate change	0%	0.40%	0%
Italian goodwill & intangible realignment	0%	(2.10%)	0%
Goodwill impairment	37.50%	0%	0%
GILTI	12%	2.30%	3%
Tax holidays	(30.20%)	(2.50%)	(1.00%)
Stock awards excess tax expense	3.30%	0.40%	0.60%
Audits including MAP Approval	2.80%	(1.50%)	0.20%
Adjustment to prior year's tax return	(2.20%)	1%	0%
Tax on Seeger transaction	0%	0%	4.90%
Charge (benefit) for change in valuation allowances	9.30%	0%	(0.50%)
Other	3.10%	0.90%	0.80%
Consolidated effective income tax rate	64.70%	21.90%	37.60%

Income Taxes (Details 5)

Income Taxes (Details 5) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Holiday [Line Items]
Income taxes paid globally, net of refunds	$ 49,639	$ 58,324	$ 60,427
Singapore and China
Income Tax Holiday [Line Items]
Tax benefits	$ 11,528	$ 3,219	$ 1,065
Tax benefits (in dollars per share)	$ 0.23	$ 0.06	$ 0.02

Income Taxes (Details 6)

Income Taxes (Details 6) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Unrecognized tax benefits that would impact tax rate	$ 8,250	$ 8,671	$ 9,156
Increase (decrease) in unrecognized tax benefits due to:
Balance at January 1	8,671	9,156	8,919
Tax positions taken during prior periods	0	0	550
Tax positions taken during the current period	873	637	649
Settlements	0	(70)	0
Lapse of the applicable statute of limitations	(1,171)	(1,218)	(900)
Foreign currency translation		166
Foreign currency translation	(123)		(62)
Balance at December 31	8,250	8,671	9,156
Interest and penalties	(264)	(93)	(196)
The liability for unrecognized tax benefits included accrued interest	$ 3,318	$ 3,582	$ 3,675

Common Stock (Details)

Common Stock (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Common stock repurchases, value	$ 6,721	$ 5,229	$ 15,550
Common Stock
Class of Stock [Line Items]
Employee stock plans (in shares)	137,911	172,261	298,565
Common Stock
Class of Stock [Line Items]
Treasury shares issued (in shares)	0	0	0
Employee stock plans (in shares)	137,000	173,000
Treasury Stock
Class of Stock [Line Items]
Common stock repurchases (in shares)	200,000	100,000	396,000
Common stock repurchases, value	$ 6,721	$ 5,229	$ 15,550
Employee stock plans (in shares)	33,000	28,000	83,000

Preferred Stock Preferred Stock

Preferred Stock Preferred Stock (Details) - shares	Dec. 31, 2022	Dec. 31, 2021
Preferred Stock, Number of Shares, Par Value and Other Disclosure [Abstract]
Preferred stock, shares authorized (in shares)	3,000,000	3,000,000
Preferred stock, shares outstanding (in shares)	0	0

Stock Plans (Details)

Stock Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Contribution expense	$ 4,870	$ 5,475	$ 5,301
Retirement Savings Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Annual retirement contribution percent	4%
Retirement Savings Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Employer match of employee contributions to Retirement Savings Plan	50%
Maximum salary percentage of employer match	6%
Contribution expense	$ 4,164	$ 3,970	$ 3,679
Shares held by Retirement Savings Plan	681,013

Stock Plans (Details 1)

Stock Plans (Details 1) - Employee Stock Purchase Plan [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Maximum employee contribution to ESPP	$ 25
Maximum employee contribution to ESPP, percent of base compensation	10%
Common stock discount purchase price	95%
Shares available under employee stock purchase plan (in shares)	4,550,000
Shares purchased under ESPP (in shares)	11,101	7,667	10,041
Proceeds from stock plans	$ 363	$ 344	$ 393
Number of shares available under employee stock purchase plan (in shares)	232,020

Stock Plans (Details 2)

Stock Plans (Details 2) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 15, 2005 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years
Stock-based compensation expense | $	$ 12,804	$ 11,470	$ 10,300
Barnes Group Stock And Incentive Award Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for purchase (in shares)	6,913,978
Number of shares available for future grants (in shares)	2,223,889
Other Incentive Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance ratio	2.84
Stock Options and Rights [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issuance ratio	1
Number of shares available for future grants (in shares)	2,310,838
Non Employee Director Deferred Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for purchase (in shares)	26,400
Non-employee directors				12,000
Dividends paid | $	$ 18	$ 19	$ 21
All Stock Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for purchase (in shares)	4,793,147
Maximum | Stock Rights [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years

Weighted Average Shares Outst_3

Weighted Average Shares Outstanding (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Weighted Average Shares Outstanding [Line Items]
Basic (in shares)	50,962,447	50,926,374	50,880,846
Dilutive effect of:
Diluted (in shares)	51,084,167	51,079,063	51,097,586
Stock options [Member]
Dilutive effect of:
Antidilutive shares excluded form computation of earnings per share (in shares)	1,352,548	533,177	484,835
Stock options [Member]
Dilutive effect of:
Shares attributable to share-based payment arrangements (in shares)	20,910	74,798	66,738
Performance share awards [Member]
Dilutive effect of:
Shares attributable to share-based payment arrangements (in shares)	100,810	77,891	150,002

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Income by Component (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	$ 1,428,766	$ 1,382,677	$ 1,270,528
Other comprehensive income before reclassifications to consolidated statements of income	(78,167)	(43,154)
Amounts reclassified from accumulated other comprehensive (loss) income to the consolidated statements of income	9,505	13,631
Total other comprehensive (loss) income, net of tax	(68,662)	(29,523)	88,180
Balance	1,346,327	1,428,766	1,382,677
Gains and Losses on Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	160	(757)
Other comprehensive income before reclassifications to consolidated statements of income	6,155	73
Amounts reclassified from accumulated other comprehensive (loss) income to the consolidated statements of income	(374)	844
Total other comprehensive (loss) income, net of tax	5,781	917
Balance	5,941	160	(757)
Pension and Other Postretirement Benefit Items
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(112,307)	(142,119)
Other comprehensive income before reclassifications to consolidated statements of income	(6,212)	17,025
Amounts reclassified from accumulated other comprehensive (loss) income to the consolidated statements of income	9,879	12,787
Total other comprehensive (loss) income, net of tax	3,667	29,812
Balance	(108,640)	(112,307)	(142,119)
Foreign Currency Items
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(39,691)	20,561
Other comprehensive income before reclassifications to consolidated statements of income	(78,110)	(60,252)
Amounts reclassified from accumulated other comprehensive (loss) income to the consolidated statements of income	0	0
Total other comprehensive (loss) income, net of tax	(78,110)	(60,252)
Balance	(117,801)	(39,691)	20,561
Accumulated Other Non-Owner Changes to Equity
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(151,838)	(122,315)	(210,495)
Balance	$ (220,500)	$ (151,838)	$ (122,315)

Changes in Accumulated Other _4

Changes in Accumulated Other Comprehensive Income by Component (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ (14,624)	$ (16,209)	$ (15,944)
Net sales	1,261,868	1,258,846	1,124,391
Tax benefit	(24,706)	(27,944)	(38,120)
Net income	13,479	99,873	$ 63,375
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income	(9,505)	(13,631)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Gains and Losses on Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	495	(1,130)
Tax benefit	(121)	286
Net income	374	(844)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Gains and Losses on Cash Flow Hedges | Interest Rate Contract [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	647	(1,846)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Gains and Losses on Cash Flow Hedges | Foreign Exchange Contract [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net sales	(152)	716
Reclassification out of Accumulated Other Comprehensive Income [Member] | Pension and Other Postretirement Benefit Items
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	(12,976)	(16,697)
Tax benefit	3,097	3,910
Net income	(9,879)	(12,787)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Amortization of prior-service costs
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	(423)	(361)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Amortization of actuarial losses
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	(12,708)	(16,264)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Curtailment (loss)/gain
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	(450)	133
Reclassification out of Accumulated Other Comprehensive Income [Member] | Settlement gain/(loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	$ 605	$ (205)

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
ROU assets	$ 27,054	$ 29,393
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets	Other assets
Current lease liability	$ 10,209	$ 11,125
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued liabilities	Accrued liabilities
Long-term lease liability	$ 17,128	$ 18,018
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Lease Liabilities	$ 27,337	$ 29,143
Operating lease cost	17,099	$ 17,687	$ 17,379
2023	10,883
2024	7,497
2025	3,405
2026	1,620
2027	1,161
After 2027	6,280
Total lease payments	30,846
Less: Interest	$ 3,509
Weighted-average remaining lease term (years)	5 years 9 months 18 days	5 years 9 months 18 days	5 years 9 months 18 days
Weighted-average discount rates	3.38%	3.01%	3.52%
Operating cash flows from operating leases	$ 13,596	$ 14,586	$ 13,907
Leased assets obtained in exchange for new operating lease liabilities	$ 11,498	$ 15,287	$ 8,012
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year
Renewal periods	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	5 years
Renewal periods	5 years

Information on Business Segme_3

Information on Business Segments (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) Segment	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | Segment	2
Revenues	$ 1,261,868	$ 1,258,846	$ 1,124,391
Operating profit	57,119	150,018	123,370
Assets	2,413,730	2,576,820	2,676,200
Depreciation and amortization	92,150	91,085	87,656
Capital expenditures	35,082	34,117	40,698
Interest expense	14,624	16,209	15,944
Other expense (income), net	4,310	5,992	5,931
Income before income taxes	$ 38,185	$ 127,817	$ 101,495
General Electric [Member]
Segment Reporting Information [Line Items]
Revenue by major customer	20%	16%	17%
Industrial [Member]
Segment Reporting Information [Line Items]
Revenues	$ 832,715	$ 896,483	$ 770,119
Operating profit	(19,100)	97,700	66,600
Assets	1,680,400	1,827,900	1,908,400
Depreciation and amortization	54,100	57,500	57,700
Capital expenditures	19,200	21,300	19,400
Aerospace [Member]
Segment Reporting Information [Line Items]
Revenues	429,153	362,363	354,272
Operating profit	76,200	52,300	56,800
Assets	590,600	583,000	623,500
Depreciation and amortization	37,300	32,800	29,000
Capital expenditures	14,900	12,700	20,800
Other [Member]
Segment Reporting Information [Line Items]
Revenues	0	0	0
Operating profit	0	0	0
Assets	142,700	165,900	144,300
Depreciation and amortization	700	900	900
Capital expenditures	$ 1,000	$ 200	$ 500

Information on Business Segme_4

Information on Business Segments (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 1,261,868	$ 1,258,846	$ 1,124,391
Long-lived assets	$ 1,663,400	$ 1,874,600	$ 2,011,800
Sales from international locations to domestic locations	78%	78%	67%
Domestic [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 545,200	$ 516,400	$ 483,800
Long-lived assets	360,200	380,700	383,200
International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	806,800	829,400	714,000
Long-lived assets	1,303,200	1,493,900	1,628,600
Other [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	(90,200)	(87,000)	(73,400)
Long-lived assets	0	0	0
Germany [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	204,300	243,100	223,300
Long-lived assets	388,200	428,900	481,500
Singapore [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	144,900	136,800	129,800
Long-lived assets	196,700	201,600	214,800
Italy [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 300,400	$ 398,200	$ 443,100

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Goodwill	$ 835,472	$ 955,370	$ 1,011,580

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Doubtful accounts written off	$ (3,198)
Other adjustments	2,559
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Allowance, Beginning Balance	5,625	$ 6,348
Provision charged to income	131	(11)	$ 5,197
Doubtful accounts written off	(178)	(562)	1,200
Reclassified to assets held for sale			(417)
Other adjustments	(356)	(150)	368
Allowance, Ending Balance	$ 5,222	$ 5,625	$ 6,348

Schedule II - Valuation and Q_3

Schedule II - Valuation and Qualifying Accounts (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Reductions credited to income tax expense	$ (3,198)
Changes due to foreign currency translation	2,559
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Allowance, Beginning Balance	3,869	$ 3,757	$ 3,592
Additions charged to income tax expense	2,763	346	743
Reductions charged to other comprehensive income	(41)	(15)	24
Reductions credited to income tax expense	(59)	(241)	(600)
Changes due to foreign currency translation	(76)	22	(2)
Allowance, Ending Balance	$ 6,456	$ 3,869	$ 3,757