Barnes (B) 10-K 26 Feb 24 2023 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Feb. 21, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
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	No
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
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 2,054,055,778
Entity Common Stock, Shares Outstanding		50,696,516
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 3, 2024 are incorporated by reference into Part III.
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Central Index Key	0000009984

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
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, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net sales	$ 1,450,871	$ 1,261,868	$ 1,258,846
Cost of sales	1,008,786	839,996	803,850
Selling and administrative expenses	353,093	296,559	304,978
Total operating costs and expenses	1,361,879	1,204,749	1,108,828
Operating income	88,992	57,119	150,018
Interest expense	58,171	14,624	16,209
Other expense (income), net	(2,443)	4,310	5,992
Income before income taxes	33,264	38,185	127,817
Income taxes	17,268	24,706	27,944
Net income	$ 15,996	$ 13,479	$ 99,873
Per common share:
Basic (in dollars per share)	$ 0.31	$ 0.26	$ 1.96
Diluted (in dollars per share)	$ 0.31	$ 0.26	$ 1.96
Weighted average common shares outstanding:
Basic (in shares)	51,052,963	50,962,447	50,926,374
Diluted (in shares)	51,205,888	51,084,167	51,079,063
Impairment charge (see below)	$ 0	$ 68,194	$ 0

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income		$ 15,996	$ 13,479	$ 99,873
Other comprehensive income (loss), net of tax
Unrealized (loss) gain hedging activities, net of tax	[1]	(20,445)	5,781	917
Foreign currency translation adjustments, net of tax	[2]	37,952	(78,110)	(60,252)
Defined benefit pension and other postretirement benefits, net of tax	[3]	7,864	3,667	29,812
Total other comprehensive income (loss), net of tax		25,371	(68,662)	(29,523)
Total comprehensive income (loss)		$ 41,367	$ (55,183)	$ 70,350
[1]Net of tax of $(6,700), $1,825 and $334 for the years ended December 31, 2023, 2022 and 2021, respectively.[2]Net of tax of $0, $0, and $0 for the years ended December 31, 2023, 2022 and 2021, respectively.[3]Net of tax of $3,221, $(489) and $8,916 for the years ended December 31, 2023, 2022 and 2021, respectively.

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Unrealized (loss) gain on hedging activities, tax	$ (6,700)	$ 1,825	$ 334
Foreign currency translation adjustment, tax	0	0	0
Defined benefit pension and other postretirement benefits, tax	$ 3,221	$ (489)	$ 8,916

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 89,827	$ 76,858
Accounts receivable, less allowances (2023 – $7,258; 2022 – $5,222)	353,923	291,883
Inventories	365,221	283,402
Prepaid expenses and other current assets	97,749	80,161
Total current assets	906,720	732,304
Deferred income taxes	10,295	18,028
Property, plant and equipment, net	402,697	320,139
Goodwill	1,183,624	835,472
Other intangible assets, net	706,471	442,492
Other assets	98,207	65,295
Total assets	3,308,014	2,413,730
Current liabilities
Notes and overdrafts payable	16	8
Accounts payable	164,264	145,060
Accrued liabilities	221,462	158,568
Long-term debt – current	10,868	1,437
Total current liabilities	396,610	305,073
Long-term debt	1,279,962	569,639
Accrued retirement benefits	45,992	54,352
Deferred income taxes	120,608	62,562
Long-term tax liability	21,714	39,086
Other liabilities	80,865	36,691
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)	646	645
Additional paid-in capital	537,948	529,791
Treasury stock, at cost (2023 – 13,914,076 shares; 2022 – 13,890,802 shares)	(532,415)	(531,507)
Retained earnings	1,551,213	1,567,898
Accumulated other non-owner changes to equity	(195,129)	(220,500)
Total stockholders’ equity	1,362,263	1,346,327
Total liabilities and stockholders’ equity	$ 3,308,014	$ 2,413,730

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 7,258	$ 5,222
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)	64,600,635	64,481,493
Treasury stock, at cost (in shares)	13,914,076	13,890,802

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating activities:
Net income	$ 15,996	$ 13,479	$ 99,873
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	115,818	92,150	91,085
Gain on disposition of property, plant and equipment	(1,197)	(821)	(1,027)
Stock compensation expense	10,201	12,804	11,470
Non-cash goodwill impairment charge	0	68,194	0
Changes in assets and liabilities, net of the effects of acquisitions:
Accounts receivable	(6,073)	(39,484)	(18,793)
Inventories	622	(48,591)	(7,350)
Prepaid expenses and other current assets	1,321	(9,257)	(5,208)
Accounts payable	(5,493)	15,998	22,909
Accrued liabilities	22,673	(25,659)	(1,630)
Deferred income taxes	(16,058)	2,645	(19,354)
Long-term retirement benefits	(17,256)	(1,474)	3,423
Long-term tax liability	(13,029)	(6,948)	(6,949)
Other	4,890	2,523	(643)
Net cash provided by operating activities	112,415	75,559	167,806
Investing activities:
Proceeds from disposition of property, plant and equipment	7,921	1,825	3,007
Capital expenditures	(55,739)	(35,082)	(34,117)
Business acquisitions, net of cash acquired	718,782	0	0
Other	(921)	(2,729)	1,304
Net cash used in investing activities	(767,521)	(35,986)	(29,806)
Financing activities:
Net change in other borrowings	(257)	(1,333)	(173)
Payments on long-term debt	(314,167)	(108,415)	(115,507)
Proceeds from the issuance of long-term debt	1,019,708	98,285	48,300
Payments of debt issuance costs	(11,341)	0	0
Proceeds from the issuance of common stock	353	513	1,427
Common stock repurchases	0	(6,721)	(5,229)
Dividends paid	(32,412)	(32,376)	(32,402)
Withholding taxes paid on stock issuances	(908)	(1,144)	(1,421)
Other	5,586	(13,638)	(9,661)
Net cash used provided by financing activities	666,562	(64,829)	(114,666)
Effect of exchange rate changes on cash flows	(545)	(5,525)	(2,893)
Increase (decrease) in cash, cash equivalents and restricted cash	10,911	(30,781)	20,441
Cash, cash equivalents and restricted cash at beginning of year	81,128	111,909	91,468
Cash, cash equivalents and restricted cash at end of year	92,039	81,128	111,909
Less: Restricted cash, included in Prepaid expenses and other current assets	(2,212)	(2,135)	(4,524)
Less: Restricted cash, included in Other assets	0	(2,135)	(4,525)
Cash and cash equivalents	$ 89,827	$ 76,858	$ 102,860

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) shares in Thousands, $ 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, 2020		64,171		13,530
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	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
Common stock repurchases	(5,229)			$ (5,229)
Employee stock plans (in shares)		173		28
Employee stock plans	11,193	$ 1	12,854	$ (1,421)	(241)
Balance (in shares) at Dec. 31, 2021		64,344		13,658
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	(55,183)				13,479	(68,662)
Dividends declared	(32,376)				(32,376)
Common stock repurchases (in shares)				200
Common stock repurchases	(6,721)			$ (6,721)
Employee stock plans (in shares)		137		33
Employee stock plans	11,841	$ 2	13,229	$ (1,144)	(246)
Balance (in shares) at Dec. 31, 2022		64,481		13,891
Balance at Dec. 31, 2022	1,346,327	$ 645	529,791	$ (531,507)	1,567,898	(220,500)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income	41,367				15,996	25,371
Dividends declared	(32,412)				(32,412)
Residual interest in subsidiary	(2,381)		(2,381)
Common stock repurchases (in shares)				0
Common stock repurchases				$ 0
Employee stock plans (in shares)		119		23
Employee stock plans	9,362	$ 1	10,538	$ (908)	(269)
Balance (in shares) at Dec. 31, 2023		64,600		13,914
Balance at Dec. 31, 2023	$ 1,362,263	$ 646	$ 537,948	$ (532,415)	$ 1,551,213	$ (195,129)

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
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, 2023
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. 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 based on the net amount expected to be collected. Balances are reviewed regularly and reserves are adjusted when events or circumstances indicate carrying values may not be collectable. 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 Business Combinations: In accordance with the Business Combinations guidance, acquisitions are recorded using the acquisition method of accounting. The Company includes the operating results of acquired entities from their respective dates of acquisition. The Company allocates the purchase consideration to the assets acquired and liabilities assumed in the acquired entity generally based on their fair values at the acquisition date. The excess of the fair value of purchase consideration over the fair value of these assets acquired and liabilities assumed in the acquired entity is recorded as goodwill. The primary items that generate goodwill include the increase in global market access and the acquired assembled workforce, neither of which qualify for recognition as an intangible asset. Costs incurred as a result of a business combination other than costs related to the issuance of debt or equity securities are recorded in the period the costs are incurred. During the measurement period, which may be up to one year from the acquisition date, the Company may record adjustments to assets acquired and liabilities assumed with the corresponding offset to goodwill. See Note 2. 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. 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 the 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 Ste p 1 quantitative impairment test is required, management estimates the fair value of the reporting unit using the income approach. Inherent in management’s development of cash flow projections are assumptions and estimates, including those related to forecasted revenue growth rates, forecasted operating margins, 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 uni t 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, 2023, 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. See disclosure related to Other Intangible Assets below and within Note 6. The Company also performed an annual assessment as of April 1, 2022, during the prior year period. 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: 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 Aerospace Aftermarket Products and Services (" Aftermarket") business, which includes maintenance repair and overhaul (“MRO”) services and the manufacture and delivery of aerospace aftermarket spare parts. 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 2023, 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 $5,321, $540 and $572 in 2023, 2022 and 2021, 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 $13,920, $15,774 and $22,928, for the years 2023, 2022 and 2021, 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 within 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 was effective for annual periods beginning after December 15, 2020, and interim periods within those reporting periods. 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. 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 was 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 adopted this guidance, on a prospective basis, on January 1, 2023 and applied the guidance as it relates to the acquisition of MB Aerospace Holdings, Inc. See Note 2. 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, was effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The amendment on roll-forward information is effective for fiscal years beginning after December 15, 2023. The Company adopted this guidance within the Consolidated Financial Statements filed as of March 31, 2023 and it did not have a material impact on the Company's Consolidated Financial Statements, however it did result in additional disclosures pursuant to the new guidance. See Note 22. 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 Unsecured Credit Agreement (see Note 8) and corresponding USD interest rate Swaps (see Note 10) 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 Unsecured 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. In June 2023, the Company entered into Amendment No. 2 ("Amendment No. 2") to the Unsecured Credit Agreement, which also addressed the option for the Company to borrow under the terms of SOFR (see Note 8). 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 November 2023, the FASB amended its guidance related to segment reporting requirements. The amended guidance serves to improve segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The amended guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The guidance requires application on a retrospective basis to all periods presented. The Company is currently evaluating the impact that the guidance may have on the disclosures within its Consolidated Financial Statements. In December 2023, the FASB amended its guidance related to income tax disclosure requirements. The amended guidance requires establishes new income tax disclosure requirements including providing greater disaggregation in the rate reconciliation and information on taxes paid. The amended guidance is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact that the guidance may have on the disclosures within its Consolidated Financial Statements.

Acquisition

Acquisition	3 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisition	Acquisition On August 31, 2023 (“Acquisition Date”), the Company completed its acquisition of MB Aerospace Holdings Inc., a Delaware corporation ("MB Aerospace"), along with such entity's subsidiaries (the "Transaction") by acquiring all of the issued and outstanding shares of capital stock of MB Aerospace. MB Aerospace is a leading provider of precision aero-engine component manufacture and repair services serving major aerospace and defense engine original equipment manufacturers (“OEMs”), tier 1 suppliers and maintenance, repair and overhaul ("MRO") providers. This business, which is being integrated into our Aerospace segment, provides significant growth opportunities and enhances the Company’s ability to deliver value-add solutions across the aero-engine value chain. Further, the acquisition of MB Aerospace increases customer diversification within both commercial aerospace and defense platforms and provides the Company with a well-balanced portfolio across aerospace and industrial end markets. The Company acquired MB Aerospace for an aggregate purchase price of $728,448, which includes post-closing adjustments under the terms of the Stock Purchase Agreement ("the Agreement"). The Company paid $718,782, net of $9,825 of cash acquired, in cash, using cash on hand and borrowings under the Company’s $1,000,000 Revolving Credit Facility and its $650,000 Term Loan Facility (see Note 8). In connection with the terms of the Agreement, the Company recorded $159 of post-closing adjustments due from the seller within Accounts receivable as of December 31, 2023. During the twelve months ended December 31, 2023, the Company incurred $23,829 of acquisition-related costs related to the acquisition of MB Aerospace. These costs include $2,071 of due diligence costs and $21,758 of transaction costs to complete the acquisition. These acquisition related costs have been recognized in the Company's Consolidated Statements of Income, of which $14,223 was recognized as selling and administrative expenses and of which $9,606 primarily relating to the bridge loan facility financing was recognized as Interest expense (see Note 8). The operating results of MB Aerospace have been included in the Consolidated Statements of Income since the Acquisition Date. The Company reported $114,469 in net sales and an operating loss of $13,884 from MB Aerospace, included within the Aerospace segment's operating profit, inclusive of $19,192 of short-term purchase accounting adjustments related to inventory step-up and backlog intangible amortization and $8,182 of amortization of other intangible assets acquired, for the period from the Acquisition Date through December 31, 2023. Estimated Fair Value of Assets Acquired and Liabilities Assumed The Company accounted for the MB Aerospace acquisition as a business combination. The identifiable assets acquired and liabilities assumed are recorded at their preliminary fair values as of the Acquisition Date, inclusive of subsequent purchase price adjustments, and are consolidated into the Company’s consolidated financial statements. The assignment of fair market value requires significant judgments regarding the estimates and assumptions used to value the acquired assets and liabilities assumed. In determining the fair values of the assets acquired and liabilities assumed, the Company utilized the cost, income and market approaches from the perspective of a market p articipant. The fair value of the customer relationship intangible asset was determined as of the acquisition date utilizing the multi-period excess earnings method. This method is based on estimates and judgments relating to expectations for the future after-tax cash flows arising from customer relationships that existed on the acquisition date over their estimated lives, including those related to forecasted revenue growth rates, gross margins and customer attrition rates, all of which are discounted to present value using appropriate discount rates. The fair value of the developed technology intangible asset was determined utilizing the relief from royalty method which is a form of the income approach. Under this method, an after-tax royalty rate based on market royalty rates is applied to forecasted revenue growth rates associated with the developed technology and discounted to present value using appropriate discount rates. The Company used third party valuation professionals to aid in the determination of the estimated fair value of certain assets acquired and liabilities assumed. The following table summarizes the estimated fair values for each major class of assets acquired, net of cash acquired, and liabilities assumed at the Acquisition Date, inclusive of subsequent purchase price adjustments: Accounts receivable $ 50,715 Inventories 77,914 Prepaid expenses and other current assets 18,093 Property, plant and equipment 80,480 Goodwill 320,883 Other intangible assets 320,000 Other Assets 10,627 Total Assets Acquired 878,712 Accounts payable (21,826) Accrued liabilities (35,701) Deferred income taxes (83,480) Other liabilities (9,659) Debt assumed (9,423) Total Liabilities Assumed (160,089) Net Assets Acquired $ 718,623 Goodwill represents the excess of the purchase consideration over the fair value of the underlying acquired net tangible and intangible assets. Goodwill has been allocated to the Company’s Aerospace segment. The Company recorded the estimated fair values of the assets acquired and liabilities assumed of MB Aerospace as of August 31, 2023. The final purchase price allocation is subject to the finalization of fair value estimates. Estimates and assumptions used in such valuations are subject to change, which could be significant, within the measurement period up to one year from the acquisition date. The areas of the valuations that are not yet finalized relate to the amounts for property, plant and equipment, leases, income taxes, long term intangible assets and the final amount of residual goodwill. The Company may obtain additional information to assist in determining fair values of net assets acquired at the Acquisition Date during the measurement period. The Company recorded purchase accounting adjustments during the fourth quarter of 2023 and allocated an additional $2,576 to Goodwill. None of the recognized goodwill from the acquisition of MB Aerospace is expected to be deductible for income tax purposes (see Note 6). The Other intangible assets in the table above consist of backlog, developed technology, and customer relationships, which are amortized over their respective estimated useful lives (see Note 6). Supplemental Pro Forma Information The following table reflects the unaudited pro forma operating results of the Company for the twelve months ended December 31, 2023 and 2022, which give effect to the acquisition of MB Aerospace as if it had occurred on January 1, 2022. The pro forma results are based on assumptions that the Company believes are reasonable under the circumstances. The pro forma results are not necessarily indicative of the operating results that would have occurred had the acquisition been effective January 1, 2022, nor are they intended to be indicative of results that may occur in the future. The underlying pro forma information includes the historical financial results of the Company and MB Aerospace adjusted for certain items including depreciation and amortization expense associated with the assets acquired and the Company’s expense related to financing arrangements, with the related tax effects. The unaudited pro forma combined condensed financial information has been prepared using the acquisition method of accounting in accordance with Accounting Standards Codification 805, Business Combinations (“ASC 805”). The pro forma information does not include the effects of any synergies or cost reduction initiatives related to the acquisition. Twelve months ended December 31, 2023 2022 Net sales $ 1,664,652 $ 1,544,888 Net income (loss) 21,942 (77,355) The unaudited pro forma combined condensed financial information during the twelve months ended December 31, 2023 were adjusted to include: a. Depreciation and Amortization - Adjustment of $(4,413) to reflect the adjustment to property, plant, and equipment depreciation and amortization expense from the acquired backlog, developed technology and customer relationships. b. Transaction Costs - Adjustment of $(14,224) to reflect the elimination of non-recurring transaction costs. c. Interest Expense - Adjustment of $3,209 to reflect the adjustment to interest expense resulting from interest on the new debt to finance the acquisition of MB Aerospace and the extinguishment of MB Aerospace’s existing debt and the amortization of related debt issuance costs. d. Inventory Step-Up - Adjustment of $(8,318) to eliminate the inventory fair value adjustment that was recognized in cost of sales. e. Income Taxes - The estimated tax impacts of the pro forma adjustments have been reflected within the unaudited pro forma condensed combined statement of operations by using a blended foreign, federal and state statutory income tax rate. The unaudited pro forma combined condensed financial information during the twelve months ended December 31, 2022 were adjusted to include: a. Depreciation and Amortization - Adjustment of $21,924 to reflect the adjustment to property, plant, and equipment depreciation and the amortization expense from the acquired backlog, developed technology and customer relationships. b. Transaction Costs - Adjustment of $14,224 to reflect non-recurring transaction costs. c. Interest Expense - Adjustment of $26,881 to reflect the adjustment to interest expense resulting from interest on the new debt to finance the acquisition of MB Aerospace and the extinguishment of MB Aerospace’s existing debt and the amortization of related debt issuance costs. d. Inventory Step-Up - Adjustment of $9,635 to reflect the increase in cost of sales for the impact of the $9,635 fair value adjustment to inventory for the acquired inventory. e. Income Taxes - The estimated tax impacts of the pro forma adjustments have been reflected within the unaudited pro forma condensed combined statement of operations by using a blended foreign, federal and state statutory income tax rate.

Revenue

Revenue	12 Months Ended
	Dec. 31, 2023
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 aerospace, healthcare, automation, packaging, mobility, and manufacturing . The following tables present the Company's revenue disaggregated by products and services, geographic regions and end markets, by segment: 2023 Aerospace (A) Industrial Total Company Product and Services Aerospace OEM $ 382,126 $ — $ 382,126 Aerospace Aftermarket 225,924 — 225,924 Molding Solutions Products — 408,691 408,691 Motion Control Solutions Products (B) — 372,877 372,877 Automation Products — 61,253 61,253 $ 608,050 $ 842,821 $ 1,450,871 Geographic Regions (C) Americas $ 430,527 $ 364,215 794,742 Europe 115,973 312,402 428,375 Asia 58,419 157,949 216,368 Rest of World 3,131 8,255 11,386 $ 608,050 $ 842,821 $ 1,450,871 End Markets Aerospace OEM $ 382,126 $ 14,862 $ 396,988 Aerospace Aftermarket 225,924 — 225,924 Medical, Personal Care & Packaging — 201,969 201,969 Tool and Die — 72,914 72,914 General Industrial — 265,313 265,313 Automotive Molding Solutions — 116,692 116,692 Automotive Production — 109,818 109,818 Automation — 61,253 61,253 $ 608,050 $ 842,821 $ 1,450,871 (A) The results of MB Aerospace, from the acquisition completed on August 31, 2023, have been included within the Company's revenue disaggregated by products and services, geographic regions and end markets within the Aerospace Segment for the year ended December 31, 2023. (B) Effective January 1, 2023, the Company combined Industrial's Force & Motion Control and Engineered Components businesses to form a single strategic business unit named Motion Control Solutions. As a result of the combination, Motion Control Solutions Products reflects product revenues that were previously disclosed as Force & Motion Control Products and Engineered Components Products. Prior period amounts have been reclassified to conform to the current year presentation. (C) Sales by geographic region are based on the location to which the product is shipped and services are delivered. 2022 Aerospace Industrial Total Company Product and Services Aerospace OEM Products $ 265,179 $ — $ 265,179 Aerospace Aftermarket 163,974 — 163,974 Molding Solutions Products — 402,598 402,598 Motion Control Solutions Products (A) — 370,655 370,655 Automation Products — 59,462 59,462 $ 429,153 $ 832,715 $ 1,261,868 Geographic Regions (B) Americas $ 307,712 $ 357,032 $ 664,744 Europe 79,283 296,856 376,139 Asia 37,348 172,922 210,270 Rest of World 4,810 5,905 10,715 $ 429,153 $ 832,715 $ 1,261,868 End Markets Aerospace OEM $ 265,179 $ 12,541 $ 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 Automotive Molding Solutions — 138,978 138,978 Automotive Production — 94,377 94,377 Automation — 59,462 59,462 $ 429,153 $ 832,715 $ 1,261,868 (A) Effective January 1, 2023, the Company combined Industrial's Force & Motion Control and Engineered Components businesses to form a single strategic business unit named Motion Control Solutions. As a result of the combination, Motion Control Solutions Products reflects product revenues that were previously disclosed as Force & Motion Control Products and Engineered Components Products. Prior period amounts have been reclassified to conform to the current year presentation. (B) Sales by geographic region are based on the location to which the product is shipped and services are delivered. 2021 Aerospace Industrial Total Company Product and Services Aerospace OEM Products $ 246,850 $ — $ 246,850 Aerospace Aftermarket 115,513 — 115,513 Molding Solutions Products — 458,681 458,681 Motion Control Solutions Products (A) — 369,838 369,838 Automation Products — 67,964 67,964 $ 362,363 $ 896,483 $ 1,258,846 Geographic Regions (B) Americas $ 271,241 $ 356,518 $ 627,759 Europe 58,237 335,679 393,916 Asia 29,701 199,578 229,279 Rest of World 3,184 4,708 7,892 $ 362,363 $ 896,483 $ 1,258,846 End Markets Aerospace OEM $ 246,850 $ 9,278 $ 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 Automotive Molding Solutions — 150,125 150,125 Automotive Production — 98,036 98,036 Automation — 67,964 67,964 $ 362,363 $ 896,483 $ 1,258,846 (A) Effective January 1, 2023, the Company combined Industrial's Force & Motion Control and Engineered Components businesses to form a single strategic business unit named Motion Control Solutions. As a result of the combination, Motion Control Solutions Products reflects product revenues that were previously disclosed as Force & Motion Control Products and Engineered Components Products. Prior period amounts have been reclassified to conform to the current year presentation. (B) Sales by geographic region 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 years ended December 31, 2023, 2022 and 2021. 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 years ended December 31, 2023, 2022 and 2021. 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 Motion Control Solutions 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. A portion of our 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 2023, 2022 or 2021. 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, 2023 and 2022. 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, 2023 December 31, 2022 $ Change % Change Unbilled receivables (contract assets) $ 59,652 $ 42,423 $ 17,229 41 % Contract liabilities (42,428) (27,857) (14,571) 52 % Net contract assets $ 17,224 $ 14,566 $ 2,658 18 % Contract liabilities balances at December 31, 2023 and December 31, 2022 include $10,032 and $9,593, respectively, of customer advances for which the Company has not yet collected payment, but an unconditional right to collect payment. Accounts receivable, as presented on the Consolidated Balance Sheet, includes corresponding balances at December 31, 2023 and December 31, 2022, respectively. Changes in the net contract assets balance during the year ended December 31, 2023 included a $17,229 increase in contract assets, driven primarily by contract progress (i.e. unbilled receivable), partially offset by earlier contract progress being invoiced to the customer. Of this contract asset increase, $14,446 was attributable to MB Aerospace at December 31, 2023. Partially offsetting this increase in net contract assets was a $14,571 increase in contract liabilities, driven primarily by new customer advances and deposits, partially offset by revenue recognized in the current period. The Company recognized approximately 90% of the revenue related to the contract liability balance as of December 31, 2022 during the year ended December 31, 2023 and approximately 90% of the revenue related to the contract liability balance as of December 31, 2021 during the year ended December 31, 2022, 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 $9,976, $12,518, and $13,446 in the years ended December 31, 2023, 2022 and 2021, respectively. Capitalized costs, net of amortization, to fulfill a contract balances were as follows: December 31, 2023 December 31, 2022 Tooling $ 4,271 $ 2,728 Design costs 2,525 2,887 $ 6,796 $ 5,615 Remaining Performance Obligations

Inventories

Inventories	12 Months Ended
	Dec. 31, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories at December 31 consisted of: 2023 2022 Finished goods $ 104,801 $ 105,965 Work-in-process 105,737 68,664 Raw materials and supplies 154,683 108,773 $ 365,221 $ 283,402

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment, net, at December 31 consisted of: 2023 2022 Land $ 16,594 $ 18,018 Buildings 198,207 184,909 Machinery and equipment 816,694 704,053 1,031,495 906,980 Less accumulated depreciation (628,798) (586,841) $ 402,697 $ 320,139

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2023
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: Aerospace Industrial Total January 1, 2022 $ 30,786 $ 924,584 $ 955,370 Impairment charg e (see below) — (68,194) (68,194) Foreign currency translation — (51,704) (51,704) December 31, 2022 30,786 804,686 835,472 Acquisition-related 320,883 — 320,883 Foreign currency translation 683 26,586 27,269 December 31, 2023 (A) $ 352,352 $ 831,272 $ 1,183,624 (A) Industrial amounts are net of accumulated goodwill impairment losses of $68,194. The changes recorded at Aerospace include $320,883 of goodwill in 2023 resulting from the acquisition of MB Aerospace in August 2023. See Note 2. The amounts allocated to goodwill reflect the benefits that the Company expects to realize from an increase in global market access and MB Aerospace's assembled workforce. None of the recognized goodwill from the acquisition of MB Aerospace is expected to be deductible for income tax purposes. During the year ended December 31, 2022, the Company recorded 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 Company has continued to evaluate macro-economic conditions through December 31, 2023. Based on our subsequent assessments, there was no additional impairment of goodwill as of December 31, 2023. Other Intangible Assets: Other intangible assets at December 31 consisted of: 2023 2022 Range of Gross Accumulated Gross Accumulated Amortized intangible assets: Revenue Sharing Programs Up to 30 $ 299,500 $ (176,143) $ 299,500 $ (164,162) Component Repair Programs Up to 30 111,839 (49,577) 111,839 (41,880) Customer relationships 10-16 586,189 (180,679) 337,189 (156,442) Patents and technology 4-18 178,433 (100,662) 123,433 (92,875) Trademarks/trade names 10-30 10,949 (10,910) 10,949 (10,772) Other Up to 10 26,334 (14,857) 9,413 (2,966) 1,213,244 (532,828) 892,323 (469,097) Unamortized intangible assets: Trade names 55,670 — 55,670 — Foreign currency translation (29,615) — (36,404) — Other intangible assets $ 1,239,299 $ (532,828) $ 911,589 $ (469,097) In connection with the acquisition of MB Aerospace in August 2023, the Company recorded intangible assets of $320,000 which includes $249,000 of customer relationships, $55,000 of developed technology, and $16,000 of customer backlog included within Other above. The estimated weighted-average useful lives of the acquired assets were 15 years, 18 years and 1 year, respectively. 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, 2023, the Company has made all required payments under the RSP and CRP agreements.

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Dec. 31, 2023
Accrued Liabilities [Abstract]
Accrued Liabilities	Accrued Liabilities Accrued liabilities at December 31 consisted of: 2023 2022 Payroll and other compensation $ 45,764 $ 32,276 Contract liabilities (Note 3) 42,428 27,857 Pension and other postretirement benefits (Note 12) 8,124 10,999 Accrued income taxes 49,138 29,201 Lease liability (Note 19) 10,894 10,209 Business reorganizations (Note 9) 10,276 11,000 Other 54,838 37,026 $ 221,462 $ 158,568

Debt and Commitments

Debt and Commitments	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Debt and Commitments	Debt and Commitments Long-term debt and notes and overdrafts payable at December 31 consisted of: 2023 2022 Carrying Fair Carrying Fair Revolving Credit Facility $ 642,988 $ 646,843 $ 466,672 $ 464,373 Term Loan Facility 648,375 651,215 — — Unamortized deferred financing costs and original issue discount - Term Loan Facility (12,532) — — — 3.97% Senior Notes — — 100,000 96,894 Borrowings under lines of credit and overdrafts 16 16 8 8 Finance leases 11,999 11,732 4,404 4,085 1,290,846 1,309,806 571,084 565,360 Less current maturities (10,884) (1,445) Long-term debt $ 1,279,962 $ 569,639 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. On February 10, 2021, the Company and certain of its subsidiaries entered into the sixth amended and restated senior unsecured revolving credit agreement (the "Unsecured Credit Agreement") and retained Bank of America, N.A. as the Administrative Agent for the lenders. The $1,000,000 Unsecured Credit Agreement was to mature in February 2026. Borrowings under the Unsecured Credit Agreement bore interest at either the Eurocurrency rate, as defined in the Unsecured Credit Agreement, plus a margin of 1.175% to 1.775% or the base rate, as defined in the Unsecured 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 Unsecured Credit Agreement, bore 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% . The Unsecured Credit Agreement required the Company to maintain a Senior Debt Ratio of not more than 3.25 times. In addition, the Unsecured Credit Agreement required the Company to maintain a Total Debt Ratio of not more than 3.75 times for each fiscal quarter. A ratio of Consolidated EBITDA to Consolidated Cash Interest Expense, as defined, of not less than 4.25 times, was also required at the end of each fiscal quarter. The Unsecured Credit Agreement also contemplated the potential replacement of LIBOR (as defined below) with a successor financing rate, pursuant to the intent of the United Kingdom's Financial Conduct Authority to phase out use of LIBOR (see discussion below). The Company paid fees and expenses of $4,306 in conjunction with executing the Unsecured Credit Agreement. 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 its maturity. Cash used to pay these fees was recorded through other financing activities on the Consolidated Statements of Cash Flows. The Company subsequently amended the Unsecured Credit Agreement on October 11, 2021 (the "LIBOR Transition Amendment"), defining certain applicable multi-currency borrowing rates that could be used as replacement rates for LIBOR, which was expected to be discontinued by reference rate reform. See Note 1. On April 6, 2022, the Company entered into Amendment No. 1 to the Unsecured Credit Agreement (“Amendment No. 1”), 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 Unsecured 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 ("€STR") (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 was required to be paid by the Company under the Unsecured Credit Agreement and was 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 its maturity. Cash used to pay these fees was recorded through other financing activities on the Consolidated Statements of Cash Flows. 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 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. The Company’s Unsecured Credit Agreement and corresponding interest rate swap were tied to LIBOR, with each maturing in February 2026. In March 2021, the ICE Benchmark Association announced that it would 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 Unsecured Credit Agreement was further amended in October 2021 and in April 2022 to address the replacement of LIBOR, which, as a result of the Company's contract amendments as discussed above, did not have a material impact on our business, financial condition, results of operations or cash flow. On June 5, 2023, the Company entered into the Agreement with MB Aerospace Group Holdings Limited, a Cayman Islands limited company. See Note 2. In connection with entry into the Agreement, on June 5, 2023, the Company entered into the Second Amendment (the “Second Amendment”) to Note Purchase Agreement and Amendment No. 2 ("Amendment No. 2") to Unsecured Credit Agreement to facilitate the Transaction, as well as a commitment letter with Bank of America, N.A. and BofA Securities, Inc. (collectively, the “Commitment Parties”), pursuant to which the Commitment Parties agreed to provide, subject to the satisfaction of customary closing conditions contained therein, a $1,000,000 backstop senior secured revolving credit facility and a $700,000 senior secured 364-day bridge loan facility ("Bridge Loan Facility"). The Bridge Loan Facility was only intended to be drawn to the extent that the Company did not obtain alternative financing prior to the closing of the Transaction. The Company recorded fees of $9,500 in conjunction with the Bridge Loan Facility and $1,000,000 backstop senior secured revolving credit facility into interest expense on the Consolidated Statements of Income in the three months ended September 30, 2023. On the Acquisition Date, pursuant to the terms of the Agreement, the Company completed the Transaction for an aggregate purchase price of $728,448, subject to customary and specified closing adjustments, as set forth in the Agreement. Concurrently, the Company entered into a new Credit Agreement (the “Credit Agreement”) among the Company and certain of its subsidiaries, the issuing banks, lenders and other parties party thereto, and Bank of America, N.A., as administrative agent, as collateral agent and as swingline lender, which provides for senior secured financing of $1,650,000, consisting of a term loan facility (the “Term Loan Facility”) in an aggregate principal amount of $650,000, at an original issue discount of $4,875, and a revolving credit facility (the “Revolving Credit Facility” and, together with the Term Loan Facility, the “Senior Facilities”) in an aggregate principal amount of up to $1,000,000, including a letter of credit sub-facility of up to $50,000. Proceeds of the loans borrowed under the Senior Facilities on the Acquisition Date, net of a 0.75% original issue discount on the Term Loan Facility, were used to fund, in part, the transactions contemplated by the Agreement, including the consummation of the Transaction, the repayment in full of the 3.97% Senior Notes, and to pay related fees and expenses. As of the Acquisition Date, the Revolving Credit Facility had outstanding borrowings in an aggregate principal amount of approximately $698,000. Proceeds of any loans under the Revolving Credit Facility borrowed after the Acquisition Date will be used for general corporate purposes. The Company paid fees and expenses of $3,058 in conjunction with executing the Revolving Credit Facility. 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 the Credit Agreement with the previously recorded debt issuance costs. The Company incurred $8,283 of debt issuance costs in conjunction with executing the Term Loan Facility. Such fees have been recorded as a direct deduction from the carrying amount of the Term Loan Facility and will be amortized into interest expense on the Consolidated Statements of Income through the maturity of the Term Loan Facility. Cash used to pay these fees was recorded through financing activities on the Consolidated Statements of Cash Flows. On August 31, 2023, in connection with the Credit Agreement and the closing of the Transaction, the Bridge Loan Facility was terminated. The Senior Facilities are guaranteed by each of the Company’s wholly owned domestic subsidiaries and are secured by substantially all assets of the Company and of each subsidiary guarantor, in each case subject to certain exceptions. Borrowings under the Senior Facilities bear interest at a rate per annum equal to, at the Company’s option, either Term SOFR (subject to a 0.00% floor) or an alternate base rate ("ABR"), in each case plus an applicable margin of (i) in the case of borrowings under the Term Loan Facility, 3.00% for Term SOFR loans and 2.00% for ABR loans and (ii) in the case of borrowings under the Revolving Credit Facility, initially, 2.375% for Term SOFR loans and 1.375% for ABR loans. The applicable margin for borrowings under the Revolving Credit Facility varies depending on the Company’s total net leverage ratio. At December 31, 2023, the applicable margin for borrowings under the Revolving Credit Facility was 2.125%. The Company is also required to pay a commitment fee initially equal to 0.35% per annum to the lenders under the Revolving Credit Facility in respect of the unutilized commitments thereunder. The commitment fee under the Revolving Credit Facility varies depending on the Company’s total net leverage ratio. At December 31, 2023, the commitment fee under the Revolving Credit Facility was 0.30%. The Term Loan Facility matures on the seven-year anniversary of the Acquisition Date (August 31, 2030) and amortizes in equal quarterly installments ($6,500 annually), starting with the first full fiscal quarter after the Acquisition Date, of 0.25% of the initial principal amount. The Revolving Credit Facility matures on the five-year anniversary of the Acquisition Date (August 31, 2028). In addition, the Company is required to prepay outstanding loans under the Term Loan Facility, subject to certain exceptions, with up to 50% of the Company’s annual excess cash flow (as defined under the Credit Agreement) in excess of the greater of $50,000 and 15.0% of Last Twelve Months ("LTM") Adjusted Consolidated EBITDA (as defined in the Credit Agreement) as of the applicable time, and with up to 100% of the net cash proceeds of certain recovery events and non-ordinary course asset sales (which percentages vary depending on the Company’s first lien secured net leverage ratio). The Company may generally prepay outstanding loans under the Senior Facilities at any time, without prepayment premium or penalty, subject to customary “breakage” costs with respect to Term SOFR loans. Prepayments of the Term Loan Facility in connection with certain “repricing events” resulting in a lower yield occurring at any time during the first six months after the Acquisition Date must be accompanied by a 1.00% prepayment premium. The Revolving Credit Facility requires that the Company maintain a maximum Total Net Leverage Ratio, as defined in the Credit Agreement, initially of 5.50 to 1.00 as of the last day of each fiscal quarter for which financials have been (or were required to be) delivered, commencing with the first full fiscal quarter after the Acquisition Date, stepping down to 4.00 to 1.00 over time. For material acquisitions in certain circumstances, such ratio may be increased by up to 0.50 to 1.00. The actual ratio, as defined, was 3.64 at December 31, 2023. The Revolving Credit Facility also requires that the Company not permit the Interest Coverage Ratio as of the last day of any test period to be less than 3.00 to 1.00. The actual ratio, as defined, was 3.47 as of December 31, 2023. At December 31, 2023, the Company was in compliance with all applicable covenants. The Senior Facilities contain certain affirmative and negative covenants that limit the ability of the Company, among other things and subject to certain significant exceptions, to incur debt or liens, make investments, enter into certain mergers, consolidations, asset sales and acquisitions, pay dividends and make other restricted payments and enter into transactions with affiliates. The Senior Facilities also contain certain events of default, including relating to a change of control. If an event of default occurs, the lenders under the Senior Facilities will be entitled to take various actions, including the acceleration of amounts due under the Senior Facilities. Borrowings and availability under the Revolving Credit Facility were $642,988 and $357,012, respectively, at December 31, 2023. Borrowings and availability under the Unsecured Credit Facility were $466,672 and $533,328, respectively, at December 31, 2022, subject to covenants discussed above. The average interest rate on these borrowings was 6.76% and 3.67% on December 31, 2023 and 2022, respectively. The average interest rate excludes the impact of the Company’s interest swap agreements. See Note 10. Borrowings included Euro-denominated borrowings of 296,500 Euros ($327,988) at December 31, 2023 and 310,700 Euros ($331,672) at December 31, 2022. 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. Borrowings under the Term Loan Facility were $648,375 at December 31, 2023. The average interest rate on these borrowings was 8.46% on December 31, 2023. The average interest rate excludes the impact of the Company’s interest swap agreements. See Note 10. The fair value of the borrowings is based on the quoted market price of the borrowings on December 31, 2023, which represents Level 1 observable inputs. In addition, the Company has approximately $83,000 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, 2023 and 2022. The Company had borrowed $16 and $8 under the overdraft facilities at December 31, 2023 and 2022, 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. 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 the 3.97% Senior Notes due October 17, 2024 (the “Notes”). The Notes were senior unsecured obligations of the Company and paid interest semi-annually on April 17 and October 17 of each year at an annual rate of 3.97%. Subject to certain conditions, the Company could, at its option, prepay all or any part of the Notes in an amount equal to 100% of the principal amount 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 Notes, together with accrued and unpaid interest thereon, were repaid on August 31, 2023 in connection with the Transaction. There was no Make-Whole Amount. The fair value of the Notes at December 31, 2022 was determined using the U.S. Treasury yield and a long-term credit spread for similar types of borrowings, which represented Level 2 observable inputs. The Company also has finance leases under which $11,999 and $4,404 was outstanding at December 31, 2023 and December 31, 2022, 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. Long-term debt and notes payable, excluding the unamortized deferred financing costs and original issue discount related to the Term Loan Facility, as of December 31, 2023 are payable as follows: $10,884 in 2024, $8,785 in 2025, $8,401 in 2026, $7,638 in 2027, $650,157 in 2028 and $617,513 thereafter. In addition, the Company had undrawn letters of credit totaling $5,786 at December 31, 2023. Interest paid was $59,238, $13,535 and $15,206 in 2023, 2022 and 2021, respectively. Interest capitalized was $1,510, $391 and $282 in 2023, 2022 and 2021, respectively, and is being depreciated over the lives of the related fixed assets.

Business Reorganizations

Business Reorganizations	12 Months Ended
	Dec. 31, 2023
Restructuring and Related Activities [Abstract]
Business Reorganizations	Business Reorganizations In 2021, the Company authorized 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 and $269 in 2022 and 2023, respectively, have been recorded within Selling and Administrative Expenses in the accompanying Consolidated Statements of Income. The Company does not expect to incur any additional costs related to the 2021 Actions. In July 2022, Company management commenced a systematic multi-phased initiative to significantly reduce costs and integrate the Company's operations, decreasing complexity and focusing on improved performance across Industrial. More specifically, at this time, the Company announced a restructuring program to further reduce costs within the Industrial segment and, more broadly, transform our businesses in response to macroeconomic disruptions. Additional actions were subsequently announced in October 2022, April 2023 (including Aerospace) and September 2023 (including Aerospace). Management continues to adjust its cost structures to align with market conditions. The Company authorized 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 in July and October 2022. 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 were substantially 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. During 2023, additional pre-tax charges of $10,328, including $3,802 of accelerated depreciation of assets, $7,291 primarily related to site consolidation and transfer of work charges, were recorded within Cost of sales, $1,229 primarily related to employee and other termination benefits and $850 gain on sale of property, plant and equipment, were recorded within Selling and a dministrative expenses, and $1,144 of pension curtailment and settlement gains recorded were included within Other income (expense), net, in the accompanying Consolidated Statements of Income. A corresponding liability of $538, per below, related to the employee termination costs remained and was included within accrued liabilities as of December 31, 2023. The Company does not expect any additional costs related to the 2022 actions to be significant. 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 Employee severance and other termination benefits (357) Payments (10,005) December 31, 2023 $ 538 In April 2023, the Company authorized restructuring actions (“April 2023 Actions”) focused on manufacturing footprint optimization, including the consolidation of manufacturing sites and optimization of production. These actions include the geographic transfer of certain programs within both the Industrial and Aerospace segments and changes in infrastructure to drive improvements and efficiencies in business processes, including the elimination of certain roles across several locations. Resulting pre-tax charges of $13,783 were recorded in 2023. Of the aggregate, $10,791 related to employee termination costs, primarily employee severance and other termination benefits, which are expected to be paid in cash by the end of 2025, and $657 primarily related to accelerated rent expenses and consulting fees, which were recorded within Selling and administrative Expenses, in the accompanying Consolidated Statements of Income. The remaining $2,336 primarily related to site consolidation and transfer of work charges, were recorded within Cost of sales, in the accompanying Consolidated Statements of Income. Of the aggregate charges recorded, $13,088 was reflected within the results of the Industrial segment and $695 was reflected within the results of the Aerospace segment. A corresponding liability of $6,247, per below, related to the employee termination costs remained and was included within accrued liabilities as of December 31, 2023. The Company expects to incur additional costs beyond 2023 of approximately $13,000 related to the April 2023 Actions, which are primarily related to transfer of work charges. Of the aggregate, approximately $10,000 and $3,000 relate to the Aerospace and Industrial segments, respectively. The April 2023 Actions are expected to be completed throughout multiple periods, with completion in 2025. The following table sets forth the change in the liability for the employee termination benefits related to the April 2023 Actions: January 1, 2023 $ — Employee severance and other termination benefits 10,492 Payments (4,245) December 31, 2023 $ 6,247 In September 2023, the Company authorized restructuring actions (“September 2023 Actions”) including organizational realignment within a Barnes Industrial business and within Barnes Aerospace following the MB Aerospace acquisition. Resulting pre-tax charges of $7,878 were recorded in 2023 related to employee termination costs, primarily employee severance and other termination benefits, which are expected to be paid in cash by the end of 2025 and which were recorded within Selling and administrative expenses in the accompanying Consolidated Statements of Income. Of the aggregate charges recorded, $5,056 was reflected within the results of the Industrial segment and $2,821 was reflected within the results of the Aerospace segment. A corresponding liability of $2,736, per below, related to the employee termination costs remained and was included within accrued liabilities as of December 31, 2023. The Company does not expect any additional costs related to the September 2023 Actions to be significant. The following table sets forth the change in the liability for the employee termination benefits related to the September 2023 Actions: January 1, 2023 $ — Employee severance and other termination benefits 7,878 Payments (5,142) December 31, 2023 $ 2,736

Derivatives

Derivatives	12 Months Ended
	Dec. 31, 2022
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. Effective, April 30, 2022, the Company amended the 2021 Swap (the "Amended 2021 Swap"), 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. On July 19, 2023, the Company entered into an interest rate swap agreement (the "Euribor Swap") with one bank that commenced on July 31, 2023, which converts the interest on €150,000 of the Company's Euribor-based borrowings from a variable rate plus the borrowing spread to a fixed rate of 3.257% plus the borrowing spread. Under the Euribor Swap, €50,000 will expire on July 31, 2026, with the remaining balance of €100,000 expiring on July 31, 2028. On September 12, 2023, the Company entered into six additional interest rate swap agreement (the "2023 Swaps") with six different banks that commenced on September 29, 2023, which convert the interest on $600,000 of the Company's one-month SOFR-based borrowings from a variable rate plus the borrowing spread to a blended fixed rate of 4.321% plus the borrowing spread. Under the 2023 Swaps, $50,000 will expire on August 31, 2026, $100,000 will expire on August 31, 2027, $200,000 will expire on August 31, 2028, $50,000 will expire on August 31, 2029 and the remaining balance of $200,000 will expire on August 31, 2030. The execution of the interest rate swap agreements in 2023 did not have 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 krona, 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 $5,976 and $8,535 as of December 31, 2023 and December 31, 2022, respectively , an d were recorded in Other Assets in the Consolidated Balance Sheets for the periods. The fair values of the Euribor Swap were $(5,485) and $0 as of December 31, 2023 and December 31, 2022, respectively, an d were recorded in Other Liabilities in the Co nsolidated Balance Sheets for the periods. The fair values of the 2023 Swaps were $(19,984) and $0 as of December 31, 2023 and December 31, 2022, respectively, an d were recorded in Other Liabilities in the Co nsolidated 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, 2023 or December 31, 2022. See Note 11. Other than the activity related to the Amended 2021 Swap, the Euribor Swap and the 2023 Swaps, the activity related to derivatives that have been designated hedging instruments was not material to the Company's Consolidated Financial Statements for the periods ended December 31, 2023, 2022 or 2021. The Company recognized gains (losses) of $8,733, $(12,937) and $(2,494) 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, 2023, 2022 and 2021 , respectively. Such gains (losses) 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, 2023, 2022 and 2021, as presented on the Consolidated

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2023
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, 2023 and 2022: Fair Value Measurements Using Total Quoted Prices in Significant Other Significant December 31, 2023 Asset derivatives $ 6,420 $ — $ 6,420 $ — Liability derivatives (25,885) — (25,885) — Bank acceptances 12,161 — 12,161 — Rabbi trust assets 1,923 1,923 — — $ (5,381) $ 1,923 $ (7,304) $ — 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 $ — 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, 2023
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 $3,030, $4,870 and $5,475 in 2023, 2022 and 2021, respectively. Defined benefit pension plans in the U.S. cover a majority of the Company’s U.S. employees at the Motion Control Solutions business 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, 2023 and 2022. Reconciliations of the obligations and funded status of the plans follow: 2023 2022 U.S. Non-U.S. Total U.S. Non-U.S. Total Benefit obligation, January 1 $ 341,595 $ 60,711 $ 402,306 $ 442,756 $ 89,460 $ 532,216 Service cost 1,646 943 2,589 3,869 1,820 5,689 Interest cost 17,343 2,072 19,415 13,144 964 14,108 Amendments — (2,553) (2,553) 121 — 121 Actuarial loss (gain) 3,615 4,985 8,600 (94,516) (23,739) (118,255) Benefits paid (31,097) (2,542) (33,639) (24,882) (2,592) (27,474) Transfers in — 1,989 1,989 — 2,694 2,694 Plan curtailments (7,602) (437) (8,039) 708 — 708 Plan settlements — (12,799) (12,799) — (4,527) (4,527) Special termination benefits — — — 395 — 395 Participant contributions — 906 906 — 1,034 1,034 Foreign exchange rate changes — 4,101 4,101 — (4,403) (4,403) Benefit obligation, December 31 325,500 57,376 382,876 341,595 60,711 402,306 Fair value of plan assets, January 1 304,881 70,039 374,920 422,563 87,366 509,929 Actual return on plan assets 34,046 4,207 38,253 (95,573) (10,275) (105,848) Company contributions 8,605 1,119 9,724 2,773 1,321 4,094 Participant contributions — 906 906 — 1,034 1,034 Benefits paid (31,097) (2,542) (33,639) (24,882) (2,592) (27,474) Plan settlements — (12,799) (12,799) — (4,527) (4,527) Transfers in — 1,989 1,989 — 2,694 2,694 Foreign exchange rate changes — 4,212 4,212 — (4,982) (4,982) Fair value of plan assets, December 31 316,435 67,131 383,566 304,881 70,039 374,920 (Underfunded) Overfunded status, December 31 $ (9,065) $ 9,755 $ 690 $ (36,714) $ 9,328 $ (27,386) Benefit obligations decreased in 2023 primarily due to a plan curtailment resulting from the Company electing to freeze the benefits associated with one of its U.S-based defined benefit pension plans in February 2023 and an increase in the payment of benefits to plan participants, partially offset by higher interest costs throughout 2023 and actuarial losses as compared with actuarial gains in the comparable 2022 period, resulting primarily from decreases in the discount rate as of December 31, 2023. Benefit obligations decreased in 2022 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: 2023 2022 U.S. Non-U.S. Total U.S. Non-U.S. Total Projected benefit obligation $ 34,578 $ 31,514 $ 66,092 $ 268,811 $ 34,820 $ 303,631 Fair value of plan assets 4,301 28,701 33,002 226,866 33,856 260,722 Information related to pension plans with accumulated benefit obligations in excess of plan assets follows: 2023 2022 U.S. Non-U.S. Total U.S. Non-U.S. Total Accumulated benefit obligation $ 34,744 $ 31,241 $ 65,985 $ 46,267 $ 34,762 $ 81,029 Fair value of plan assets 4,301 28,701 33,002 9,813 33,856 43,669 The accumulated benefit obligation for all defined benefit pension plans was $382,769 and $395,663 at December 31, 2023 and 2022, respectively. Amounts related to pensions recognized in the accompanying balance sheets consist of: 2023 2022 U.S. Non-U.S. Total U.S. Non-U.S. Total Other assets $ 21,212 $ 12,568 $ 33,780 $ 5,231 $ 10,292 $ 15,523 Accrued liabilities 5,809 — 5,809 8,369 — 8,369 Accrued retirement benefits 24,468 2,813 27,281 33,576 964 34,540 Accumulated other non-owner changes to equity, net (98,436) (4,811) (103,247) (108,265) (2,636) (110,901) Amounts related to pensions recognized in accumulated other non-owner changes to equity, net of tax, at December 31, 2023 and 2022, respectively, consist of: 2023 2022 U.S. Non-U.S. Total U.S. Non-U.S. Total Net actuarial loss $ (97,325) $ (6,596) $ (103,921) $ (106,887) $ (2,131) $ (109,018) Prior service costs (1,111) 1,785 674 (1,378) (505) (1,883) $ (98,436) $ (4,811) $ (103,247) $ (108,265) $ (2,636) $ (110,901) The accompanying balance sheets reflect the underfunded status of the Company’s other postretirement benefit plans at December 31, 2023 and 2022. Reconciliations of the obligations and underfunded status of the plans follow: 2023 2022 Benefit obligation, January 1 $ 21,964 $ 29,839 Service cost 39 77 Interest cost 1,122 808 Actuarial gain (411) (6,375) Benefits paid (2,390) (2,597) Participant contributions 98 141 Foreign exchange rate changes 19 71 Benefit obligation, December 31 20,441 21,964 Fair value of plan assets, January 1 — — Company contributions 2,292 2,456 Participant contributions 98 141 Benefits paid (2,390) (2,597) Fair value of plan assets, December 31 — — Underfunded status, December 31 $ 20,441 $ 21,964 Benefit obligations decreased in 2023 and 2022 primarily due to the payment of benefits to plan participants, partially offset by interest costs. Amounts related to other postretirement benefits recognized in the accompanying balance sheets consist of: 2023 2022 Accrued liabilities $ 2,315 $ 2,630 Accrued retirement benefits 18,126 19,334 Accumulated other non-owner changes to equity, net 2,471 2,261 Amounts related to other postretirement benefits recognized in accumulated other non-owner changes to equity, net of tax, at December 31, 2023 and 2022 consist of: 2023 2022 Net actuarial gain $ 2,471 $ 2,269 Prior service loss — (8) $ 2,471 $ 2,261 The sources of changes in accumulated other non-owner changes to equity, net, during 2023 were: Pension Other Prior service cost $ 2,169 $ — Net gain 5,022 310 Amortization of prior service costs 229 8 Amortization of actuarial loss (gain) 511 (114) Foreign exchange rate changes (277) 6 $ 7,654 $ 210 Weighted-average assumptions used to determine benefit obligations as of December 31, are: 2023 2022 U.S. plans: Discount rate 5.45 % 5.50 % Increase in compensation — % 3.05 % Non-U.S. plans: Discount rate 3.00 % 3.60 % Increase in compensation 2.56 % 2.76 % Interest crediting rate 2.27 % 2.01 % 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 2023: 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, 2023 and 2022 by asset category are as follows: Fair Value Measurements Using Asset Category Total Quoted Prices in Significant Other Significant December 31, 2023 Cash and short-term investments $ 4,472 $ 4,472 $ — $ — Equity securities: U.S. large-cap 36,614 — 36,614 — U.S. mid-cap 14,344 14,344 — — U.S. small-cap 14,661 14,661 — — International equities 107,176 — 107,176 — Global equity 41,810 41,810 — — Fixed income securities: U.S. bond funds 104,791 — 104,791 — International bonds 57,569 — 57,569 — Other 2,129 — — 2,129 $ 383,566 $ 75,287 $ 306,150 $ 2,129 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 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 $7,143 to the pension plans in 2024. 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 2024. The following are the estimated future net benefit payments, which include future service, over the next 10 years: Pensions Other 2024 $ 32,143 $ 2,315 2025 32,315 2,163 2026 32,589 2,018 2027 28,431 1,894 2028 28,791 1,793 Years 2029-2033 135,554 7,632 Total $ 289,823 $ 17,815 Pension and other postretirement benefit costs consist of the following: Pensions Other 2023 2022 2021 2023 2022 2021 Service cost $ 2,589 $ 5,689 $ 6,547 $ 39 $ 77 $ 103 Interest cost 19,415 14,108 12,749 1,122 808 819 Expected return on plan assets (30,056) (28,944) (27,858) — — — Amortization of prior service cost 354 387 332 10 36 29 Recognized losses/(gains) 1,643 12,710 16,006 (146) (2) 258 Curtailment (gain)/loss (668) 1,158 (133) — — — Settlement (gain)/loss (656) (605) 205 — — — Special termination benefits — 395 — — — — Net periodic benefit cost $ (7,379) $ 4,898 $ 7,848 $ 1,025 $ 919 $ 1,209 The curtailment gain of $668 and a majority of the settlement gain of $656 in 2023 as well as the curtailment loss of $1,158 and a portion of the special termination benefits of $395 in 2022 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: 2023 2022 2021 U.S. plans: Discount rate 5.50 % 2.95 % 2.65 % Long-term rate of return 7.75 % 7.25 % 7.25 % Increase in compensation 3.05 % 3.03 % 2.56 % Non-U.S. plans: Discount rate 3.60 % 1.17 % 0.83 % Long-term rate of return 3.99 % 2.33 % 1.96 % Increase in compensation 2.76 % 2.77 % 2.75 % Interest crediting rate 2.01 % 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 6.98% and 7.52% at December 31, 2023 and 2022, 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, 2023
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, 2023, 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 2023, 2022 and 2021, the Company recognized $10,201, $12,804, and $11,470, respectively, of stock-based compensation cost and $1,770, $2,444, and $2,263, respectively, of related tax benefits in the accompanying consolidated statements of income. Additionally, the Company recognized excess tax expense in the tax provision of $(941), $(1,257) and $(523) in 2023, 2022 and 2021, respectively. The Company has realized all available tax benefits related to deductions from excess stock awards exercised or Rights vested. At December 31, 2023, the Company had $24,795 of unrecognized compensation costs related to unvested awards which are expected to be recognized over a weighted average period of 2.51 years. The following table summarizes information about the Company’s stock option awards during 2023: Number of Weighted-Average Outstanding, January 1, 2023 1,852,603 $ 37.79 Granted 120,195 44.94 Exercised — — Forfeited (67,605) 54.23 Outstanding, December 31, 2023 1,905,193 37.66 The following table summarizes information about stock options outstanding at December 31, 2023: Options Outstanding Options Exercisable Range of Number Average Average Number Average $30.32 1,183,406 8.53 $ 30.32 — $ — $30.71 to $37.13 128,164 2.15 32.14 123,255 32.09 $44.94 to $47.04 256,177 6.25 45.79 126,718 46.61 $51.55 to $59.46 178,663 4.42 55.87 166,328 56.12 $60.72 to $66.10 158,783 3.92 63.17 158,783 63.17 The Company received cash proceeds from the exercise of stock options of $0, $150 and $1,083 in 2023, 2022 and 2021, 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 2023, 2022 and 2021 was $0, $55 and $439, respectively. The weighted-average grant date fair value of stock options (excluding performance-vested stock options) granted in 2023, 2022 and 2021 was $17.64, $15.63, and $17.30, 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: 2023 2022 2021 Risk-free interest rate 3.85 % 1.98 % 0.55 % Expected life (years) 5.5 5.5 5.5 Expected volatility 41.6 % 40.1 % 40.0 % Expected dividend yield 1.20 % 1.22 % 1.23 % 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, 2023: Options Outstanding, Expected to Vest Options Outstanding, Exercisable Shares Weighted- Aggregate Weighted- Shares Weighted- Aggregate Weighted- 1,836,720 $ 37.66 $ 2,845 7.03 575,084 $ 50.82 $ 182 3.47 The following table summarizes information about the Company’s Rights during 2023: 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, 2023 302,239 $ 40.62 140,361 $ 53.76 70,204 $ 93.58 Granted 302,440 40.53 87,343 44.94 43,682 76.61 Forfeited (73,535) 42.56 (20,607) 47.07 (10,307) 81.66 Additional Earned — — (46,102) 64.65 (23,072) 111.39 Issued (109,163) 47.92 — — — — Outstanding, December 31, 2023 421,981 160,995 80,507 The Company granted 302,440 restricted stock unit awards and 131,025 performance share awards in 2023. 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 2023, 2022 and 2021, 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 2023 awards include a 4.11% risk-free interest rate and a 43.40% expected volatility rate.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The components of Income from continuing operations before income taxes and Income taxes follow: 2023 2022 2021 Income from continuing operations before income taxes: U.S. $ (61,688) $ (53,088) $ (28,832) International 94,952 91,273 156,649 Income from continuing operations before income taxes $ 33,264 $ 38,185 $ 127,817 Income tax provision: Current: U.S. – federal $ 535 $ 276 $ 4,733 U.S. – state 972 778 1,009 International 21,875 29,374 38,609 23,382 30,428 44,351 Deferred: U.S. – federal $ (407) $ (790) $ (6,800) U.S. – state (58) (579) (1,051) International (5,649) (4,353) (8,556) (6,114) (5,722) (16,407) Income taxes $ 17,268 $ 24,706 $ 27,944 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 2023. On December 31, 2023, the Company's unremitted foreign earnings were approximately $1,835,000. Deferred income tax assets and liabilities at December 31 consist of the tax effects of temporary differences related to the following: 2023 2022 Deferred tax assets: Pension $ 3,578 $ 11,505 Tax loss carryforwards 24,277 10,970 Inventory valuation 10,363 8,015 Other postretirement/postemployment costs 5,073 7,715 Accrued compensation 11,631 7,430 Goodwill 6,313 8,981 Lease obligation 13,052 8,493 Other 55,248 17,310 Valuation allowance (41,625) (6,456) Total deferred tax assets 87,910 73,963 Deferred tax liabilities: Depreciation and amortization (130,227) (81,409) Goodwill (41,313) (9,899) Swedish tax incentive (7,105) (7,196) Right of use liability (14,355) (8,456) Other (5,223) (11,537) Total deferred tax liabilities (198,223) (118,497) Net deferred tax liabilities $ (110,313) $ (44,534) Amounts related to deferred taxes in the balance sheets as of December 31, 2023 and 2022 are presented as follows: 2023 2022 Non-current deferred tax assets $ 10,295 $ 18,028 Non-current deferred tax liabilities (120,608) (62,562) Net deferred tax liabilities $ (110,313) $ (44,534) 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, 2023, the Company has gross tax loss carryforwards of $85,716; $47,918 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 October 2021, the Organisation for Economic Co-operation and Development ("OECD") announced an Inclusive Framework on Base Erosion and Profit Shifting including Pillar Two Model Rules defining the global minimum tax, which calls for the taxation of large multinational corporations at a minimum rate of 15%. Subsequently multiple sets of administrative guidance have been issued. Many non-US tax jurisdictions have either recently enacted legislation to adopt certain components of the Pillar Two Model Rules beginning in 2024 with the adoption of additional components in later years or announced their plans to enact legislation in future years. We are continuing to evaluate the impacts of enacted legislation and pending legislation to enact Pillar Two Model Rules in the non-US tax jurisdictions we operate in. 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 total valuation allowance as of December 31, 2023 was $41,625. Of this balance, $28,513 was recorded for carryforward items from the MB Aerospace acquisition, which primarily relate to disallowed interest and operating losses from this business with the remaining balance primarily consisting of $6,758 for allowances related to U.S. interest expense that is disallowed under Section 163(j) and $4,047 for net operating losses. A reconciliation of the U.S. federal statutory income tax rate to the consolidated effective income tax rate from continuing operations follows: 2023 2022 2021 U.S. federal statutory income tax rate 21.0 % 21.0 % 21.0 % Foreign operations taxed at different rates 13.9 0.6 0.1 Foreign losses without tax benefit 20.7 7.5 1.9 Italian goodwill & intangible realignment — — (2.1) Goodwill impairment — 37.5 — GILTI 9.8 12.0 2.3 Capitalized Transaction Costs 8.2 — — Tax holidays (45.8) (30.2) (2.5) Stock awards excess tax expense 2.8 3.3 0.4 Charge for change in valuation allowances 20.4 9.3 — Tax Reserves and audits including MAP Approval 2.3 2.8 (1.5) Adjustment to prior year's tax return (3.8) (2.2) 1.0 Foreign tax rate change (0.1) — 0.4 Other 2.5 3.1 0.9 Consolidated effective income tax rate 51.9 % 64.7 % 21.9 % 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, $17,371, has been included within Accrued Liabilities on the Consolidated Balance Sheet as of December 31, 2023. The long-term portion of the assessment, $21,714, is included as a Long-term tax liability on the Consolidated Balance Sheet and is payable in 2025. The Aerospace and Industrial segments have a number of multi-year tax holidays in Singapore, China and Malaysia. Tax benefits of $15,233 ($0.30 per diluted share), $11,528 ($0.23 per diluted share) and $3,219 ($0.06 per diluted share) were realized in 2023, 2022 and 2021, respectively. These holidays are subject to the Company meeting certain commitments in the respective jurisdictions. Aerospace was granted an income t ax 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 which ended 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 $39,916, $49,639, and $58,324 in 2023, 2022 and 2021, respectively. As of December 31, 2023, 2022 and 2021, the total amount of unrecognized tax benefits recorded in the consolidated balance sheet was $10,993, $8,250, and $8,671, 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 2023, 2022 and 2021 follows: 2023 2022 2021 Balance at January 1 $ 8,250 $ 8,671 $ 9,156 Increase (decrease) in unrecognized tax benefits due to: Tax positions taken during prior periods — — — Tax positions taken during the current period 637 873 637 Acquisition 2,950 — — Settlements — — (70) Lapse of the applicable statute of limitations (790) (1,171) (1,218) Foreign currency translation (54) (123) 166 Balance at December 31 $ 10,993 $ 8,250 $ 8,671 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 $(388), $(264), and $(93) in the years 2023, 2022 and 2021, respectively. The liability for unrecognized tax benefits includes gross accrued interest and penalties of $2,930, $3,318, and $3,582 at December 31, 2023, 2022 and 2021, 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 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. The Company is under a German tax audit for the Seeger business group for the years 2018 through 2019 and the first month of 2020. Pursuant to the sale and purchase agreement, the Company agreed to certain indemnifications for taxes assessed for audit periods related to the Seeger business. Refer to Note 2. The Company is also under German tax audits for the FOBOHA and Manner business groups for years 2019 and 2020 and under audit in Canada for tax years 2019 through 2021.

Common Stock

Common Stock	12 Months Ended
	Dec. 31, 2023
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 2023, 2022 or 2021. In 2023, 2022 and 2021, the Company acquired 0 shares, 200,000 shares and 100,000 shares, respectively, of the Company’s common stock at a cost of $0, $6,721 and $5,229, 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, 2023
Preferred Stock, Number of Shares, Par Value and Other Disclosure [Abstract]
Preferred Stock	Preferred Stock At December 31, 2023 and 2022, 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, 2023
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 $6,768, $4,164 and $3,970 in 2023, 2022 and 2021, respectively. As of December 31, 2023, the Retirement Savings Plan held 730,464 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 9,979, 11,101 and 7,667 in 2023, 2022 and 2021, respectively. The Company received cash proceeds from the purchase of these shares of $353, $363 and $344 in 2023, 2022 and 2021, respectively. As of December 31, 2023, 222,041 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. Of this amount as of December 31, 2022, there were 2,223,889 shares available for future grants under the 2014 Plan. On May 5, 2023, the 2014 Plan was merged with and into the 2023 Plan. The 2023 Barnes Group Stock and Incentive Award Plan (the “2023 Plan”) was approved on May 5, 2023 by the Company's stockholders. The 2023 Plan permits the issuance of incentive awards, stock option grants and stock appreciation rights to eligible participants to purchase up to 4,223,889 shares of common stock. The amount includes shares available for purchase under the 2014 Plan which was merged into the 2023 Plan. The 2023 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 1.9 :1 from the shares available for future grants. As of December 31, 2023, there were 3,717,399 shares available for future grants under the 2023 Plan, inclusive of Shares Reacquired and shares made available through 2023 forfeitures. As of December 31, 2023, there were 2,548,590 shares of common stock outstanding to be issued upon the exercise of stock options and the vesting of Rights. Rights under the 2023 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, 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. During the year ended December 31, 2022, the Company granted a one-time Performance-Vested Stock Option award. 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 on July 14, 2022 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 2023, 2022 and 2021, $16, $18 and $19, respectively, of dividend equivalents were paid in cash related to these shares. There was no compensation cost related to this plan in 2023, 2022 or 2021. There are 24,000 shares reserved for issuance under this plan. Total maximum shares reserved for issuance under all stock plans aggregated 6,512,031 at December 31, 2023.

Weighted Average Shares Outstan

Weighted Average Shares Outstanding	12 Months Ended
	Dec. 31, 2023
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, 2023, 2022 or 2021. 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 2023 2022 2021 Basic 51,052,963 50,962,447 50,926,374 Dilutive effect of: Stock options 86,658 20,910 74,798 Performance share awards 66,267 100,810 77,891 Diluted 51,205,888 51,084,167 51,079,063 The calculation of weighted-average diluted shares outstanding excludes all anti-dilutive shares. During 2023, 2022 and 2021, the Company excluded 1,089,449, 1,352,548 and 533,177 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, 2023
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, 2023 and December 31, 2022: Gains and Losses on Cash Flow Hedges Pension and Other Postretirement Benefit Items Foreign Currency Items Total January 1, 2023 $ 5,941 $ (108,640) $ (117,801) $ (220,500) Other comprehensive (loss) income before reclassifications to consolidated statements of income (16,637) 7,230 37,952 28,545 Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income (3,808) 634 — (3,174) Net current-period other comprehensive (loss) income (20,445) 7,864 37,952 25,371 December 31, 2023 $ (14,504) $ (100,776) $ (79,849) $ (195,129) 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) The following table sets forth the reclassifications out of accumulated other comprehensive income by component for the years ended December 31, 2023 and December 31, 2022: Details about Accumulated Other Comprehensive Income Components Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Consolidated Statements of Income 2023 2022 Gains and losses on cash flow hedges Interest rate contracts $ 5,825 $ 647 Interest expense Foreign exchange contracts (788) (152) Net sales 5,037 495 Total before tax (1,229) (121) Tax expense 3,808 374 Net of tax Pension and other postretirement benefit items Amortization of prior-service costs $ (364) $ (423) (A) Amortization of actuarial losses (1,497) (12,708) (A) Curtailment gain/(loss) 241 (450) (A) Settlement gain 656 605 (A) (964) (12,976) Total before tax 330 3,097 Tax (expense) benefit (634) (9,879) Net of tax Total reclassifications in the period $ 3,174 $ (9,505) (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, 2023
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, 2023 and 2022. 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, 2023 December 31, 2022 Leased Assets ROU assets Other assets $ 46,780 $ 27,054 Lease Liabilities Current lease liability Accrued liabilities 10,894 10,209 Long-term lease liability Other liabilities 36,197 17,128 $ 47,091 $ 27,337 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, 2023, 2022 and 2021 were $19,276, $17,099 and $17,687, 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, 2023 were as follows: Operating Leases 2024 $ 12,874 2025 8,990 2026 6,666 2027 4,960 2028 4,272 After 2028 23,145 Total lease payments $ 60,907 Less: Interest 13,816 Present value of lease payments $ 47,091 December 31, Lease Term and Discount Rate 2023 2022 2021 Weighted-average remaining lease term (years) Operating leases 7.8 5.8 5.8 Weighted-average discount rates Operating leases 5.67 % 3.38 % 3.01 % Year Ended December 31, Other Information 2023 2022 2021 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 14,440 $ 13,596 $ 14,586 Leased assets obtained in exchange for new operating lease liabilities $ 32,353 $ 11,498 $ 15,287

Information on Business Segment

Information on Business Segments	12 Months Ended
	Dec. 31, 2023
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: Aerospace and Industrial. 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. 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 through 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 Connecticut, Malaysia, Michigan, Ohio, Utah, Poland, the United Kingdom 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, Singapore and Taiwan, 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. 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 industrial equipment, automation, personal care, packaging, electronics, mobility 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 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. The Motion Control Solutions business provides innovative cost-effective force and motion control solutions for a wide range of metal forming and other industrial markets and manufactures and supplies precision mechanical products used in mobility and industrial applications, including mechanical springs, and high-precision punched and fine-blanked components. See Note 23 as the Company entered into a Share Purchase and Asset Agreement to sell its Associated Spring™ and Hänggi™ businesses, both within the Motion Control Solutions business, in January 2024. 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. 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: Aerospace (A) Industrial Other Total Company Sales 2023 $ 608.1 $ 842.8 $ — $ 1,450.9 2022 429.2 832.7 — 1,261.9 2021 362.4 896.5 — 1,258.8 Operating profit (loss) (B) 2023 $ 53.0 $ 36.0 $ — $ 89.0 2022 76.2 (19.1) — 57.1 2021 52.3 97.7 — 150.0 Assets 2023 $ 1,465.3 $ 1,685.3 $ 157.4 $ 3,308.0 2022 590.6 1,680.4 142.7 2,413.7 2021 583.0 1,827.9 165.9 2,576.8 Depreciation and amortization 2023 $ 61.6 $ 53.7 $ 0.5 $ 115.8 2022 37.3 54.1 0.7 92.2 2021 32.8 57.5 0.9 91.1 Capital expenditures 2023 $ 32.8 $ 22.4 $ 0.6 $ 55.7 2022 14.9 19.2 1.0 35.1 2021 12.7 21.3 0.2 34.1 (A) The results of MB Aerospace, from the acquisition on August 31, 2023, have been included within the Company's Consolidated Financial Statements in the Aerospace segment for the period ended December 31, 2023. (B) 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 21%, 16% and 17% of the Company’s total revenues in 2023, 2022 and 2021, 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): 2023 2022 2021 Operating profit $ 89.0 $ 57.1 $ 150.0 Interest expense 58.2 14.6 16.2 Other expense (income), net (2.4) 4.3 6.0 Income before income taxes $ 33.3 $ 38.2 $ 127.8 The following table (in millions) summarizes total net sales and long-lived assets of the Company by geographic area: Domestic International Other Total Sales 2023 $ 599.9 $ 935.1 $ (84.2) $ 1,450.9 2022 545.2 806.8 (90.2) 1,261.9 2021 516.4 829.4 (87.0) 1,258.8 Long-lived assets 2023 $ 557.9 $ 1,833.1 $ — $ 2,391.0 2022 360.2 1,303.2 — 1,663.4 2021 380.7 1,493.9 — 1,874.6 ________________________ Notes: Germany, with sales of $225.8 million, $204.3 million and $243.1 million in 2023, 2022 and 2021, respectively, and Singapore, with sales of $183.3 million, $144.9 million and $136.8 million in 2023, 2022 and 2021, 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 66%, 78% and 78% were sales from international locations to domestic locations in 2023, 2022 and 2021, respectively. Germany, with long-lived assets of $405.8 million, $388.2 million and $428.9 million as of December 31, 2023, 2022 and 2021, respectively, Singapore, with long-lived assets of $196.7 million and $201.6 million as of December 31, 2022 and 2021, respectively, Italy, with long-lived assets of $303.9 million, $300.4 million and $398.2 million as of December 31, 2023, 2022 and 2021, respectively and Taiwan, with long-lived assets of $321.6 million as of December 31, 2023, 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, 2023
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, 2023 or 2022. 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. Supplier Finance Programs The Company participates in a Supplier Finance Program (the "Program") under which it agrees to pay a third-party finance provider the stated amount of confirmed invoices from participating suppliers based on the original invoice due date. Suppliers, at their sole discretion, may elect to finance confirmed invoices prior to their scheduled due date at a discounted price with the Company's third-party finance provider. Outstanding obligations related to the Program were not material as of December 31, 2023 and 2022 . These obligations were recorded within Accounts Payable on the Consolidated Balance Sheets. The Company does not have any assets nor any other forms of guarantees pledged as security to the third-party finance provider as part of the Program .
Supplier Finance Program	Supplier Finance Programs The Company participates in a Supplier Finance Program (the "Program") under which it agrees to pay a third-party finance provider the stated amount of confirmed invoices from participating suppliers based on the original invoice due date. Suppliers, at their sole discretion, may elect to finance confirmed invoices prior to their scheduled due date at a discounted price with the Company's third-party finance provider. Outstanding obligations related to the Program were not material as of December 31, 2023 and 2022 . These obligations were recorded within Accounts Payable on the Consolidated Balance Sheets. The Company does not have any assets nor any other forms of guarantees pledged as security to the third-party finance provider as part of the Program .
Legal Matters and Contingencies	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.
Product Warranty Disclosure	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, 2023 or 2022. 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.

Subsequent Event

Subsequent Event	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Subsequent EventOn January 11, 2024, the Company entered into a Share Purchase and Asset Agreement ("SPA") with one Equity Partners to sell its Associated Spring™ and Hänggi™ businesses for $175,000, inclusive of a $15,000 promissory note due in 24 months, subject to certain adjustments. These businesses operate within the Motion Control Solutions business. Expected net cash proceeds will be used to reduce debt incurred from the strategic acquisition of MB Aerospace.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2023
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, 2023, 2022 and 2021 (In thousands) Allowances for Credit Losses: Balance January 1, 2021 $ 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 Provision charged to income 2,114 Doubtful accounts written off (462) Other adjustments (1) 384 Balance December 31, 2023 $ 7,258 ________________ (1) These amounts are comprised primarily of foreign currency translation and other reclassifications. Sched ule II—Valuation and Qualifying Acc ounts Years Ended December 31, 2023, 2022 and 2021 (In thousands) Valuation Allowance on Deferred Tax Assets: Balance January 1, 2021 $ 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 Additions charged to income tax expense 6,685 Acquisitions (1) 28,513 Reductions charged to other comprehensive income 51 Reductions credited to income tax expense (109) Changes due to foreign currency translation 29 Balance December 31, 2023 $ 41,625 ________________ (1) The increase in 2023 reflects the valuation allowance recorded at the MB Aerospace business, which was acquired in the third quarter of 2023.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net income	$ 15,996	$ 13,479	$ 99,873

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
General	General:
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:
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:
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: 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. 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 the 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 Ste p 1 quantitative impairment test is required, management estimates the fair value of the reporting unit using the income approach. Inherent in management’s development of cash flow projections are assumptions and estimates, including those related to forecasted revenue growth rates, forecasted operating margins, 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 uni t 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, 2023, 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. See disclosure related to Other Intangible Assets below and within Note 6.
Leases	Leases:
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. 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 Aerospace Aftermarket Products and Services (" Aftermarket") business, which includes maintenance repair and overhaul (“MRO”) services and the manufacture and delivery of aerospace aftermarket spare parts.
Intangible Assets	Other Intangible Assets:
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 $5,321, $540 and $572 in 2023, 2022 and 2021, 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 $13,920, $15,774 and $22,928, for the years 2023, 2022 and 2021, 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 within 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: Refer to Note 17 for a description of the Company’s stock-based compensation plans and their general terms. As of December 31, 2023, 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 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.
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 was effective for annual periods beginning after December 15, 2020, and interim periods within those reporting periods. 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. 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 was 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 adopted this guidance, on a prospective basis, on January 1, 2023 and applied the guidance as it relates to the acquisition of MB Aerospace Holdings, Inc. See Note 2. 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, was effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The amendment on roll-forward information is effective for fiscal years beginning after December 15, 2023. The Company adopted this guidance within the Consolidated Financial Statements filed as of March 31, 2023 and it did not have a material impact on the Company's Consolidated Financial Statements, however it did result in additional disclosures pursuant to the new guidance. See Note 22. 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 Unsecured Credit Agreement (see Note 8) and corresponding USD interest rate Swaps (see Note 10) 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 Unsecured 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. In June 2023, the Company entered into Amendment No. 2 ("Amendment No. 2") to the Unsecured Credit Agreement, which also addressed the option for the Company to borrow under the terms of SOFR (see Note 8). 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 November 2023, the FASB amended its guidance related to segment reporting requirements. The amended guidance serves to improve segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The amended guidance is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The guidance requires application on a retrospective basis to all periods presented. The Company is currently evaluating the impact that the guidance may have on the disclosures within its Consolidated Financial Statements. In December 2023, the FASB amended its guidance related to income tax disclosure requirements. The amended guidance requires establishes new income tax disclosure requirements including providing greater disaggregation in the rate reconciliation and information on taxes paid. The amended guidance is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact that the guidance may have on the disclosures within its Consolidated Financial Statements.
Business Combinations Policy	Business Combinations: In accordance with the Business Combinations guidance, acquisitions are recorded using the acquisition method of accounting. The Company includes the operating results of acquired entities from their respective dates of acquisition. The Company allocates the purchase consideration to the assets acquired and liabilities assumed in the acquired entity generally based on their fair values at the acquisition date. The excess of the fair value of purchase consideration over the fair value of these assets acquired and liabilities assumed in the acquired entity is recorded as goodwill. The primary items that generate goodwill include the increase in global market access and the acquired assembled workforce, neither of which qualify for recognition as an intangible asset. Costs incurred as a result of a business combination other than costs related to the issuance of debt or equity securities are recorded in the period the costs are incurred. During the measurement period, which may be up to one year from the acquisition date, the Company may record adjustments to assets acquired and liabilities assumed with the corresponding offset to goodwill. See Note 2.

Acquisition (Tables)

Acquisition (Tables)	12 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table summarizes the estimated fair values for each major class of assets acquired, net of cash acquired, and liabilities assumed at the Acquisition Date, inclusive of subsequent purchase price adjustments: Accounts receivable $ 50,715 Inventories 77,914 Prepaid expenses and other current assets 18,093 Property, plant and equipment 80,480 Goodwill 320,883 Other intangible assets 320,000 Other Assets 10,627 Total Assets Acquired 878,712 Accounts payable (21,826) Accrued liabilities (35,701) Deferred income taxes (83,480) Other liabilities (9,659) Debt assumed (9,423) Total Liabilities Assumed (160,089) Net Assets Acquired $ 718,623
Business Acquisition, Pro Forma Information	The pro forma information does not include the effects of any synergies or cost reduction initiatives related to the acquisition. Twelve months ended December 31, 2023 2022 Net sales $ 1,664,652 $ 1,544,888 Net income (loss) 21,942 (77,355)

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2023
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: 2023 Aerospace (A) Industrial Total Company Product and Services Aerospace OEM $ 382,126 $ — $ 382,126 Aerospace Aftermarket 225,924 — 225,924 Molding Solutions Products — 408,691 408,691 Motion Control Solutions Products (B) — 372,877 372,877 Automation Products — 61,253 61,253 $ 608,050 $ 842,821 $ 1,450,871 Geographic Regions (C) Americas $ 430,527 $ 364,215 794,742 Europe 115,973 312,402 428,375 Asia 58,419 157,949 216,368 Rest of World 3,131 8,255 11,386 $ 608,050 $ 842,821 $ 1,450,871 End Markets Aerospace OEM $ 382,126 $ 14,862 $ 396,988 Aerospace Aftermarket 225,924 — 225,924 Medical, Personal Care & Packaging — 201,969 201,969 Tool and Die — 72,914 72,914 General Industrial — 265,313 265,313 Automotive Molding Solutions — 116,692 116,692 Automotive Production — 109,818 109,818 Automation — 61,253 61,253 $ 608,050 $ 842,821 $ 1,450,871 (A) The results of MB Aerospace, from the acquisition completed on August 31, 2023, have been included within the Company's revenue disaggregated by products and services, geographic regions and end markets within the Aerospace Segment for the year ended December 31, 2023. (B) Effective January 1, 2023, the Company combined Industrial's Force & Motion Control and Engineered Components businesses to form a single strategic business unit named Motion Control Solutions. As a result of the combination, Motion Control Solutions Products reflects product revenues that were previously disclosed as Force & Motion Control Products and Engineered Components Products. Prior period amounts have been reclassified to conform to the current year presentation. (C) Sales by geographic region are based on the location to which the product is shipped and services are delivered. 2022 Aerospace Industrial Total Company Product and Services Aerospace OEM Products $ 265,179 $ — $ 265,179 Aerospace Aftermarket 163,974 — 163,974 Molding Solutions Products — 402,598 402,598 Motion Control Solutions Products (A) — 370,655 370,655 Automation Products — 59,462 59,462 $ 429,153 $ 832,715 $ 1,261,868 Geographic Regions (B) Americas $ 307,712 $ 357,032 $ 664,744 Europe 79,283 296,856 376,139 Asia 37,348 172,922 210,270 Rest of World 4,810 5,905 10,715 $ 429,153 $ 832,715 $ 1,261,868 End Markets Aerospace OEM $ 265,179 $ 12,541 $ 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 Automotive Molding Solutions — 138,978 138,978 Automotive Production — 94,377 94,377 Automation — 59,462 59,462 $ 429,153 $ 832,715 $ 1,261,868 (A) Effective January 1, 2023, the Company combined Industrial's Force & Motion Control and Engineered Components businesses to form a single strategic business unit named Motion Control Solutions. As a result of the combination, Motion Control Solutions Products reflects product revenues that were previously disclosed as Force & Motion Control Products and Engineered Components Products. Prior period amounts have been reclassified to conform to the current year presentation. (B) Sales by geographic region are based on the location to which the product is shipped and services are delivered. 2021 Aerospace Industrial Total Company Product and Services Aerospace OEM Products $ 246,850 $ — $ 246,850 Aerospace Aftermarket 115,513 — 115,513 Molding Solutions Products — 458,681 458,681 Motion Control Solutions Products (A) — 369,838 369,838 Automation Products — 67,964 67,964 $ 362,363 $ 896,483 $ 1,258,846 Geographic Regions (B) Americas $ 271,241 $ 356,518 $ 627,759 Europe 58,237 335,679 393,916 Asia 29,701 199,578 229,279 Rest of World 3,184 4,708 7,892 $ 362,363 $ 896,483 $ 1,258,846 End Markets Aerospace OEM $ 246,850 $ 9,278 $ 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 Automotive Molding Solutions — 150,125 150,125 Automotive Production — 98,036 98,036 Automation — 67,964 67,964 $ 362,363 $ 896,483 $ 1,258,846 (A) Effective January 1, 2023, the Company combined Industrial's Force & Motion Control and Engineered Components businesses to form a single strategic business unit named Motion Control Solutions. As a result of the combination, Motion Control Solutions Products reflects product revenues that were previously disclosed as Force & Motion Control Products and Engineered Components Products. Prior period amounts have been reclassified to conform to the current year presentation. (B) Sales by geographic region are based on the location to which the product is shipped and services are delivered.
Contract with Customer, Asset and Liability	Net contract assets (liabilities) consisted of the following: December 31, 2023 December 31, 2022 $ Change % Change Unbilled receivables (contract assets) $ 59,652 $ 42,423 $ 17,229 41 % Contract liabilities (42,428) (27,857) (14,571) 52 % Net contract assets $ 17,224 $ 14,566 $ 2,658 18 %
Capitalized Contract Cost	December 31, 2023 December 31, 2022 Tooling $ 4,271 $ 2,728 Design costs 2,525 2,887 $ 6,796 $ 5,615

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2023
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventories at December 31 consisted of: 2023 2022 Finished goods $ 104,801 $ 105,965 Work-in-process 105,737 68,664 Raw materials and supplies 154,683 108,773 $ 365,221 $ 283,402

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, plant and equipment, net, at December 31 consisted of: 2023 2022 Land $ 16,594 $ 18,018 Buildings 198,207 184,909 Machinery and equipment 816,694 704,053 1,031,495 906,980 Less accumulated depreciation (628,798) (586,841) $ 402,697 $ 320,139

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
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: Aerospace Industrial Total January 1, 2022 $ 30,786 $ 924,584 $ 955,370 Impairment charg e (see below) — (68,194) (68,194) Foreign currency translation — (51,704) (51,704) December 31, 2022 30,786 804,686 835,472 Acquisition-related 320,883 — 320,883 Foreign currency translation 683 26,586 27,269 December 31, 2023 (A) $ 352,352 $ 831,272 $ 1,183,624 (A) Industrial amounts are net of accumulated goodwill impairment losses of $68,194.
Schedule of Intangible Assets	Other intangible assets at December 31 consisted of: 2023 2022 Range of Gross Accumulated Gross Accumulated Amortized intangible assets: Revenue Sharing Programs Up to 30 $ 299,500 $ (176,143) $ 299,500 $ (164,162) Component Repair Programs Up to 30 111,839 (49,577) 111,839 (41,880) Customer relationships 10-16 586,189 (180,679) 337,189 (156,442) Patents and technology 4-18 178,433 (100,662) 123,433 (92,875) Trademarks/trade names 10-30 10,949 (10,910) 10,949 (10,772) Other Up to 10 26,334 (14,857) 9,413 (2,966) 1,213,244 (532,828) 892,323 (469,097) Unamortized intangible assets: Trade names 55,670 — 55,670 — Foreign currency translation (29,615) — (36,404) — Other intangible assets $ 1,239,299 $ (532,828) $ 911,589 $ (469,097)

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Accrued Liabilities [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities at December 31 consisted of: 2023 2022 Payroll and other compensation $ 45,764 $ 32,276 Contract liabilities (Note 3) 42,428 27,857 Pension and other postretirement benefits (Note 12) 8,124 10,999 Accrued income taxes 49,138 29,201 Lease liability (Note 19) 10,894 10,209 Business reorganizations (Note 9) 10,276 11,000 Other 54,838 37,026 $ 221,462 $ 158,568

Debt and Commitments (Tables)

Debt and Commitments (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Debt	Long-term debt and notes and overdrafts payable at December 31 consisted of: 2023 2022 Carrying Fair Carrying Fair Revolving Credit Facility $ 642,988 $ 646,843 $ 466,672 $ 464,373 Term Loan Facility 648,375 651,215 — — Unamortized deferred financing costs and original issue discount - Term Loan Facility (12,532) — — — 3.97% Senior Notes — — 100,000 96,894 Borrowings under lines of credit and overdrafts 16 16 8 8 Finance leases 11,999 11,732 4,404 4,085 1,290,846 1,309,806 571,084 565,360 Less current maturities (10,884) (1,445) Long-term debt $ 1,279,962 $ 569,639

Business Reorganizations (Table

Business Reorganizations (Tables)	12 Months Ended
	Dec. 31, 2023
Restructuring and Related Activities [Abstract]
Schedule of Change of Liability for Business Reorganization	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 Employee severance and other termination benefits (357) Payments (10,005) December 31, 2023 $ 538 The following table sets forth the change in the liability for the employee termination benefits related to the April 2023 Actions: January 1, 2023 $ — Employee severance and other termination benefits 10,492 Payments (4,245) December 31, 2023 $ 6,247 The following table sets forth the change in the liability for the employee termination benefits related to the September 2023 Actions: January 1, 2023 $ — Employee severance and other termination benefits 7,878 Payments (5,142) December 31, 2023 $ 2,736

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 and 2022: Fair Value Measurements Using Total Quoted Prices in Significant Other Significant December 31, 2023 Asset derivatives $ 6,420 $ — $ 6,420 $ — Liability derivatives (25,885) — (25,885) — Bank acceptances 12,161 — 12,161 — Rabbi trust assets 1,923 1,923 — — $ (5,381) $ 1,923 $ (7,304) $ — 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 $ —

Pension and Other Postretirem_2

Pension and Other Postretirement Benefits (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 and 2022. Reconciliations of the obligations and funded status of the plans follow: 2023 2022 U.S. Non-U.S. Total U.S. Non-U.S. Total Benefit obligation, January 1 $ 341,595 $ 60,711 $ 402,306 $ 442,756 $ 89,460 $ 532,216 Service cost 1,646 943 2,589 3,869 1,820 5,689 Interest cost 17,343 2,072 19,415 13,144 964 14,108 Amendments — (2,553) (2,553) 121 — 121 Actuarial loss (gain) 3,615 4,985 8,600 (94,516) (23,739) (118,255) Benefits paid (31,097) (2,542) (33,639) (24,882) (2,592) (27,474) Transfers in — 1,989 1,989 — 2,694 2,694 Plan curtailments (7,602) (437) (8,039) 708 — 708 Plan settlements — (12,799) (12,799) — (4,527) (4,527) Special termination benefits — — — 395 — 395 Participant contributions — 906 906 — 1,034 1,034 Foreign exchange rate changes — 4,101 4,101 — (4,403) (4,403) Benefit obligation, December 31 325,500 57,376 382,876 341,595 60,711 402,306 Fair value of plan assets, January 1 304,881 70,039 374,920 422,563 87,366 509,929 Actual return on plan assets 34,046 4,207 38,253 (95,573) (10,275) (105,848) Company contributions 8,605 1,119 9,724 2,773 1,321 4,094 Participant contributions — 906 906 — 1,034 1,034 Benefits paid (31,097) (2,542) (33,639) (24,882) (2,592) (27,474) Plan settlements — (12,799) (12,799) — (4,527) (4,527) Transfers in — 1,989 1,989 — 2,694 2,694 Foreign exchange rate changes — 4,212 4,212 — (4,982) (4,982) Fair value of plan assets, December 31 316,435 67,131 383,566 304,881 70,039 374,920 (Underfunded) Overfunded status, December 31 $ (9,065) $ 9,755 $ 690 $ (36,714) $ 9,328 $ (27,386) The accompanying balance sheets reflect the underfunded status of the Company’s other postretirement benefit plans at December 31, 2023 and 2022. Reconciliations of the obligations and underfunded status of the plans follow: 2023 2022 Benefit obligation, January 1 $ 21,964 $ 29,839 Service cost 39 77 Interest cost 1,122 808 Actuarial gain (411) (6,375) Benefits paid (2,390) (2,597) Participant contributions 98 141 Foreign exchange rate changes 19 71 Benefit obligation, December 31 20,441 21,964 Fair value of plan assets, January 1 — — Company contributions 2,292 2,456 Participant contributions 98 141 Benefits paid (2,390) (2,597) Fair value of plan assets, December 31 — — Underfunded status, December 31 $ 20,441 $ 21,964
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: 2023 2022 U.S. Non-U.S. Total U.S. Non-U.S. Total Projected benefit obligation $ 34,578 $ 31,514 $ 66,092 $ 268,811 $ 34,820 $ 303,631 Fair value of plan assets 4,301 28,701 33,002 226,866 33,856 260,722
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: 2023 2022 U.S. Non-U.S. Total U.S. Non-U.S. Total Accumulated benefit obligation $ 34,744 $ 31,241 $ 65,985 $ 46,267 $ 34,762 $ 81,029 Fair value of plan assets 4,301 28,701 33,002 9,813 33,856 43,669
Schedule of Amounts Recognized in Balance Sheet	Amounts related to pensions recognized in the accompanying balance sheets consist of: 2023 2022 U.S. Non-U.S. Total U.S. Non-U.S. Total Other assets $ 21,212 $ 12,568 $ 33,780 $ 5,231 $ 10,292 $ 15,523 Accrued liabilities 5,809 — 5,809 8,369 — 8,369 Accrued retirement benefits 24,468 2,813 27,281 33,576 964 34,540 Accumulated other non-owner changes to equity, net (98,436) (4,811) (103,247) (108,265) (2,636) (110,901) Amounts related to other postretirement benefits recognized in the accompanying balance sheets consist of: 2023 2022 Accrued liabilities $ 2,315 $ 2,630 Accrued retirement benefits 18,126 19,334 Accumulated other non-owner changes to equity, net 2,471 2,261
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, 2023 and 2022, respectively, consist of: 2023 2022 U.S. Non-U.S. Total U.S. Non-U.S. Total Net actuarial loss $ (97,325) $ (6,596) $ (103,921) $ (106,887) $ (2,131) $ (109,018) Prior service costs (1,111) 1,785 674 (1,378) (505) (1,883) $ (98,436) $ (4,811) $ (103,247) $ (108,265) $ (2,636) $ (110,901) Amounts related to other postretirement benefits recognized in accumulated other non-owner changes to equity, net of tax, at December 31, 2023 and 2022 consist of: 2023 2022 Net actuarial gain $ 2,471 $ 2,269 Prior service loss — (8) $ 2,471 $ 2,261 The sources of changes in accumulated other non-owner changes to equity, net, during 2023 were: Pension Other Prior service cost $ 2,169 $ — Net gain 5,022 310 Amortization of prior service costs 229 8 Amortization of actuarial loss (gain) 511 (114) Foreign exchange rate changes (277) 6 $ 7,654 $ 210
Schedule of Assumptions Used, Benefit Obligation	Weighted-average assumptions used to determine benefit obligations as of December 31, are: 2023 2022 U.S. plans: Discount rate 5.45 % 5.50 % Increase in compensation — % 3.05 % Non-U.S. plans: Discount rate 3.00 % 3.60 % Increase in compensation 2.56 % 2.76 % Interest crediting rate 2.27 % 2.01 %
Schedule of Allocation of Plan Assets	The fair values of the Company’s pension plan assets at December 31, 2023 and 2022 by asset category are as follows: Fair Value Measurements Using Asset Category Total Quoted Prices in Significant Other Significant December 31, 2023 Cash and short-term investments $ 4,472 $ 4,472 $ — $ — Equity securities: U.S. large-cap 36,614 — 36,614 — U.S. mid-cap 14,344 14,344 — — U.S. small-cap 14,661 14,661 — — International equities 107,176 — 107,176 — Global equity 41,810 41,810 — — Fixed income securities: U.S. bond funds 104,791 — 104,791 — International bonds 57,569 — 57,569 — Other 2,129 — — 2,129 $ 383,566 $ 75,287 $ 306,150 $ 2,129 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
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 2024 $ 32,143 $ 2,315 2025 32,315 2,163 2026 32,589 2,018 2027 28,431 1,894 2028 28,791 1,793 Years 2029-2033 135,554 7,632 Total $ 289,823 $ 17,815
Schedule of Net Benefit Costs	Pension and other postretirement benefit costs consist of the following: Pensions Other 2023 2022 2021 2023 2022 2021 Service cost $ 2,589 $ 5,689 $ 6,547 $ 39 $ 77 $ 103 Interest cost 19,415 14,108 12,749 1,122 808 819 Expected return on plan assets (30,056) (28,944) (27,858) — — — Amortization of prior service cost 354 387 332 10 36 29 Recognized losses/(gains) 1,643 12,710 16,006 (146) (2) 258 Curtailment (gain)/loss (668) 1,158 (133) — — — Settlement (gain)/loss (656) (605) 205 — — — Special termination benefits — 395 — — — — Net periodic benefit cost $ (7,379) $ 4,898 $ 7,848 $ 1,025 $ 919 $ 1,209
Schedule of Assumptions Used, Net Benefit Expense	Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31 are: 2023 2022 2021 U.S. plans: Discount rate 5.50 % 2.95 % 2.65 % Long-term rate of return 7.75 % 7.25 % 7.25 % Increase in compensation 3.05 % 3.03 % 2.56 % Non-U.S. plans: Discount rate 3.60 % 1.17 % 0.83 % Long-term rate of return 3.99 % 2.33 % 1.96 % Increase in compensation 2.76 % 2.77 % 2.75 % Interest crediting rate 2.01 % 1.34 % 1.34 %

Stock-based Compensation (Table

Stock-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
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 2023: Number of Weighted-Average Outstanding, January 1, 2023 1,852,603 $ 37.79 Granted 120,195 44.94 Exercised — — Forfeited (67,605) 54.23 Outstanding, December 31, 2023 1,905,193 37.66
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, 2023: Options Outstanding Options Exercisable Range of Number Average Average Number Average $30.32 1,183,406 8.53 $ 30.32 — $ — $30.71 to $37.13 128,164 2.15 32.14 123,255 32.09 $44.94 to $47.04 256,177 6.25 45.79 126,718 46.61 $51.55 to $59.46 178,663 4.42 55.87 166,328 56.12 $60.72 to $66.10 158,783 3.92 63.17 158,783 63.17
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: 2023 2022 2021 Risk-free interest rate 3.85 % 1.98 % 0.55 % Expected life (years) 5.5 5.5 5.5 Expected volatility 41.6 % 40.1 % 40.0 % Expected dividend yield 1.20 % 1.22 % 1.23 %
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, 2023: Options Outstanding, Expected to Vest Options Outstanding, Exercisable Shares Weighted- Aggregate Weighted- Shares Weighted- Aggregate Weighted- 1,836,720 $ 37.66 $ 2,845 7.03 575,084 $ 50.82 $ 182 3.47
Schedule of Share-based Compensation, Restricted Stock Units, Activity	The following table summarizes information about the Company’s Rights during 2023: 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, 2023 302,239 $ 40.62 140,361 $ 53.76 70,204 $ 93.58 Granted 302,440 40.53 87,343 44.94 43,682 76.61 Forfeited (73,535) 42.56 (20,607) 47.07 (10,307) 81.66 Additional Earned — — (46,102) 64.65 (23,072) 111.39 Issued (109,163) 47.92 — — — — Outstanding, December 31, 2023 421,981 160,995 80,507

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
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: 2023 2022 2021 Income from continuing operations before income taxes: U.S. $ (61,688) $ (53,088) $ (28,832) International 94,952 91,273 156,649 Income from continuing operations before income taxes $ 33,264 $ 38,185 $ 127,817 Income tax provision: Current: U.S. – federal $ 535 $ 276 $ 4,733 U.S. – state 972 778 1,009 International 21,875 29,374 38,609 23,382 30,428 44,351 Deferred: U.S. – federal $ (407) $ (790) $ (6,800) U.S. – state (58) (579) (1,051) International (5,649) (4,353) (8,556) (6,114) (5,722) (16,407) Income taxes $ 17,268 $ 24,706 $ 27,944
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: 2023 2022 Deferred tax assets: Pension $ 3,578 $ 11,505 Tax loss carryforwards 24,277 10,970 Inventory valuation 10,363 8,015 Other postretirement/postemployment costs 5,073 7,715 Accrued compensation 11,631 7,430 Goodwill 6,313 8,981 Lease obligation 13,052 8,493 Other 55,248 17,310 Valuation allowance (41,625) (6,456) Total deferred tax assets 87,910 73,963 Deferred tax liabilities: Depreciation and amortization (130,227) (81,409) Goodwill (41,313) (9,899) Swedish tax incentive (7,105) (7,196) Right of use liability (14,355) (8,456) Other (5,223) (11,537) Total deferred tax liabilities (198,223) (118,497) Net deferred tax liabilities $ (110,313) $ (44,534) Amounts related to deferred taxes in the balance sheets as of December 31, 2023 and 2022 are presented as follows: 2023 2022 Non-current deferred tax assets $ 10,295 $ 18,028 Non-current deferred tax liabilities (120,608) (62,562) Net deferred tax liabilities $ (110,313) $ (44,534)
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: 2023 2022 2021 U.S. federal statutory income tax rate 21.0 % 21.0 % 21.0 % Foreign operations taxed at different rates 13.9 0.6 0.1 Foreign losses without tax benefit 20.7 7.5 1.9 Italian goodwill & intangible realignment — — (2.1) Goodwill impairment — 37.5 — GILTI 9.8 12.0 2.3 Capitalized Transaction Costs 8.2 — — Tax holidays (45.8) (30.2) (2.5) Stock awards excess tax expense 2.8 3.3 0.4 Charge for change in valuation allowances 20.4 9.3 — Tax Reserves and audits including MAP Approval 2.3 2.8 (1.5) Adjustment to prior year's tax return (3.8) (2.2) 1.0 Foreign tax rate change (0.1) — 0.4 Other 2.5 3.1 0.9 Consolidated effective income tax rate 51.9 % 64.7 % 21.9 %
Summary of Income Tax Contingencies	A reconciliation of the unrecognized tax benefits for 2023, 2022 and 2021 follows: 2023 2022 2021 Balance at January 1 $ 8,250 $ 8,671 $ 9,156 Increase (decrease) in unrecognized tax benefits due to: Tax positions taken during prior periods — — — Tax positions taken during the current period 637 873 637 Acquisition 2,950 — — Settlements — — (70) Lapse of the applicable statute of limitations (790) (1,171) (1,218) Foreign currency translation (54) (123) 166 Balance at December 31 $ 10,993 $ 8,250 $ 8,671

Weighted Average Shares Outst_2

Weighted Average Shares Outstanding (Tables)	12 Months Ended
	Dec. 31, 2023
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 2023 2022 2021 Basic 51,052,963 50,962,447 50,926,374 Dilutive effect of: Stock options 86,658 20,910 74,798 Performance share awards 66,267 100,810 77,891 Diluted 51,205,888 51,084,167 51,079,063

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Income by Component (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 and December 31, 2022: Gains and Losses on Cash Flow Hedges Pension and Other Postretirement Benefit Items Foreign Currency Items Total January 1, 2023 $ 5,941 $ (108,640) $ (117,801) $ (220,500) Other comprehensive (loss) income before reclassifications to consolidated statements of income (16,637) 7,230 37,952 28,545 Amounts reclassified from accumulated other comprehensive income to the consolidated statements of income (3,808) 634 — (3,174) Net current-period other comprehensive (loss) income (20,445) 7,864 37,952 25,371 December 31, 2023 $ (14,504) $ (100,776) $ (79,849) $ (195,129) 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)
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, 2023 and December 31, 2022: Details about Accumulated Other Comprehensive Income Components Amount Reclassified from Accumulated Other Comprehensive Income Affected Line Item in the Consolidated Statements of Income 2023 2022 Gains and losses on cash flow hedges Interest rate contracts $ 5,825 $ 647 Interest expense Foreign exchange contracts (788) (152) Net sales 5,037 495 Total before tax (1,229) (121) Tax expense 3,808 374 Net of tax Pension and other postretirement benefit items Amortization of prior-service costs $ (364) $ (423) (A) Amortization of actuarial losses (1,497) (12,708) (A) Curtailment gain/(loss) 241 (450) (A) Settlement gain 656 605 (A) (964) (12,976) Total before tax 330 3,097 Tax (expense) benefit (634) (9,879) Net of tax Total reclassifications in the period $ 3,174 $ (9,505) (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, 2023
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, 2023 December 31, 2022 Leased Assets ROU assets Other assets $ 46,780 $ 27,054 Lease Liabilities Current lease liability Accrued liabilities 10,894 10,209 Long-term lease liability Other liabilities 36,197 17,128 $ 47,091 $ 27,337
Future minimum lease payments	Future minimum lease payments under non-cancellable leases as of December 31, 2023 were as follows: Operating Leases 2024 $ 12,874 2025 8,990 2026 6,666 2027 4,960 2028 4,272 After 2028 23,145 Total lease payments $ 60,907 Less: Interest 13,816 Present value of lease payments $ 47,091
Lease Term and Discount Rate	December 31, Lease Term and Discount Rate 2023 2022 2021 Weighted-average remaining lease term (years) Operating leases 7.8 5.8 5.8 Weighted-average discount rates Operating leases 5.67 % 3.38 % 3.01 %
Other Information	Year Ended December 31, Other Information 2023 2022 2021 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 14,440 $ 13,596 $ 14,586 Leased assets obtained in exchange for new operating lease liabilities $ 32,353 $ 11,498 $ 15,287

Information on Business Segme_2

Information on Business Segments (Tables)	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table (in millions) sets forth summarized financial information by reportable business segment: Aerospace (A) Industrial Other Total Company Sales 2023 $ 608.1 $ 842.8 $ — $ 1,450.9 2022 429.2 832.7 — 1,261.9 2021 362.4 896.5 — 1,258.8 Operating profit (loss) (B) 2023 $ 53.0 $ 36.0 $ — $ 89.0 2022 76.2 (19.1) — 57.1 2021 52.3 97.7 — 150.0 Assets 2023 $ 1,465.3 $ 1,685.3 $ 157.4 $ 3,308.0 2022 590.6 1,680.4 142.7 2,413.7 2021 583.0 1,827.9 165.9 2,576.8 Depreciation and amortization 2023 $ 61.6 $ 53.7 $ 0.5 $ 115.8 2022 37.3 54.1 0.7 92.2 2021 32.8 57.5 0.9 91.1 Capital expenditures 2023 $ 32.8 $ 22.4 $ 0.6 $ 55.7 2022 14.9 19.2 1.0 35.1 2021 12.7 21.3 0.2 34.1 (A) The results of MB Aerospace, from the acquisition on August 31, 2023, have been included within the Company's Consolidated Financial Statements in the Aerospace segment for the period ended December 31, 2023. (B) 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 21%, 16% and 17% of the Company’s total revenues in 2023, 2022 and 2021, 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): 2023 2022 2021 Operating profit $ 89.0 $ 57.1 $ 150.0 Interest expense 58.2 14.6 16.2 Other expense (income), net (2.4) 4.3 6.0 Income before income taxes $ 33.3 $ 38.2 $ 127.8
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 2023 $ 599.9 $ 935.1 $ (84.2) $ 1,450.9 2022 545.2 806.8 (90.2) 1,261.9 2021 516.4 829.4 (87.0) 1,258.8 Long-lived assets 2023 $ 557.9 $ 1,833.1 $ — $ 2,391.0 2022 360.2 1,303.2 — 1,663.4 2021 380.7 1,493.9 — 1,874.6 ________________________ Notes: Germany, with sales of $225.8 million, $204.3 million and $243.1 million in 2023, 2022 and 2021, respectively, and Singapore, with sales of $183.3 million, $144.9 million and $136.8 million in 2023, 2022 and 2021, 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 66%, 78% and 78% were sales from international locations to domestic locations in 2023, 2022 and 2021, respectively. Germany, with long-lived assets of $405.8 million, $388.2 million and $428.9 million as of December 31, 2023, 2022 and 2021, respectively, Singapore, with long-lived assets of $196.7 million and $201.6 million as of December 31, 2022 and 2021, respectively, Italy, with long-lived assets of $303.9 million, $300.4 million and $398.2 million as of December 31, 2023, 2022 and 2021, respectively and Taiwan, with long-lived assets of $321.6 million as of December 31, 2023, 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, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of Useful Lives [Line Items]
Maximum maturity term to be considered cash and cash equivalents	3 months
Impairment charge (see below)	$ 0	$ 68,194,000	$ 0
Impairment of other intangible assets	0
Foreign currency transaction gains (losses)	(5,321,000)	(540,000)	(572,000)
Research and development expense	13,920,000	15,774,000	$ 22,928,000
Industrial [Member]
Schedule of Useful Lives [Line Items]
Impairment charge (see below)	$ 68,194,000	$ 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

Acquisition -Narrative (Details

Acquisition -Narrative (Details) - USD ($)			3 Months Ended	12 Months Ended
	Aug. 31, 2023	Jun. 05, 2023	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Business acquisitions, net of cash acquired				$ 718,782,000	$ 0	$ 0
Operating profit				88,992,000	57,119,000	$ 150,018,000
Pro forma inventory set-up				(8,318,000)
Goodwill, Purchase Accounting Adjustments			$ 2,576,000
Goodwill expected tax deductible amount			0	0
Revolving Credit Facility
Business Acquisition [Line Items]
Line of credit facility, amount outstanding			642,988,000	642,988,000	466,672,000
MB Aerospace Holdings, Inc.
Business Acquisition [Line Items]
Purchase price	$ 728,448,000	$ 728,448,000
Business acquisitions, net of cash acquired	718,782,000
Cash Acquired from Acquisition	9,825,000
Initial accounting incomplete, adjustment, accounts receivable	159,000
Business Acquisition Cost Of Acquired Entity, Transaction Costs				21,758,000
Business Combination, Acquisition Related Costs				23,829,000
Due diligence cost				2,071,000
Net sales	114,469,000
Operating profit	13,884,000
Inventory set-up	19,192,000
Amortization of intangible assets	8,182,000
Pro forma depreciation and amortization adjustment				(4,413,000)	21,924,000
Pro forma transaction costs				(14,224,000)	14,224,000
Pro forma interest expense				3,209,000	26,881,000
Pro forma inventory set-up					9,635,000
Pro forma inventory fair value adjustment					$ 9,635,000
Goodwill expected tax deductible amount			$ 0	0
MB Aerospace Holdings, Inc. | Selling, General and Administrative Expenses
Business Acquisition [Line Items]
Business Acquisition Cost Of Acquired Entity, Transaction Costs				14,223,000
MB Aerospace Holdings, Inc. | Interest Expense
Business Acquisition [Line Items]
Business Acquisition Cost Of Acquired Entity, Transaction Costs				$ 9,606,000
MB Aerospace Holdings, Inc. | Revolving Credit Facility
Business Acquisition [Line Items]
Line of credit facility, amount outstanding	1,000,000,000
MB Aerospace Holdings, Inc. | Term Loan Facility
Business Acquisition [Line Items]
Line of credit facility, amount outstanding	$ 650,000,000

Acquisition - Schedule of Busin

Acquisition - Schedule of Business Acquisitions, by Acquisition (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill	$ 1,183,624		$ 835,472	$ 955,370
MB Aerospace Holdings, Inc.
Business Acquisition [Line Items]
Accounts receivable		$ 50,715
Inventories		77,914
Prepaid expenses and other current assets		18,093
Property, plant and equipment		80,480
Goodwill		320,883
Other intangible assets		320,000
Other Assets		10,627
Total Assets Acquired		878,712
Accounts payable		(21,826)
Accrued liabilities		(35,701)
Deferred income taxes		(83,480)
Other liabilities		(9,659)
Debt assumed		(9,423)
Total Liabilities Assumed		(160,089)
Net Assets Acquired		$ 718,623

Acquisition - Schedule of Bus_2

Acquisition - Schedule of Business Acquisition, Pro Forma (Details) - MB Aerospace Holdings, Inc. - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Net sales	$ 1,664,652	$ 1,544,888
Net (loss) income	$ 21,942	$ (77,355)

Revenue - Revenue by Category (

Revenue - Revenue by Category (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Net sales	$ 1,450,871	$ 1,261,868	$ 1,258,846
Aerospace OEM [Member]
Disaggregation of Revenue [Line Items]
Net sales	396,988	277,720	256,128
Aerospace Aftermarket [Member]
Disaggregation of Revenue [Line Items]
Net sales	225,924	163,974	115,513
Medical, Personal Care & Packaging [Member]
Disaggregation of Revenue [Line Items]
Net sales	201,969	186,729	219,672
Tool and Die [Member]
Disaggregation of Revenue [Line Items]
Net sales	72,914	85,947	95,466
General Industrial [Member]
Disaggregation of Revenue [Line Items]
Net sales	265,313	254,681	255,942
Auto Molding Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	116,692	138,978	150,125
Auto Production [Member]
Disaggregation of Revenue [Line Items]
Net sales	109,818	94,377	98,036
Automation [Member]
Disaggregation of Revenue [Line Items]
Net sales	61,253	59,462	67,964
Americas [Member]
Disaggregation of Revenue [Line Items]
Net sales	794,742	664,744	627,759
Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	428,375	376,139	393,916
Asia [Member]
Disaggregation of Revenue [Line Items]
Net sales	216,368	210,270	229,279
Other Geographic Market [Member]
Disaggregation of Revenue [Line Items]
Net sales	11,386	10,715	7,892
Molding Solutions Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	408,691	402,598	458,681
Force & Motion Control Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	372,877	370,655	369,838
Automation Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	61,253	59,462	67,964
Aerospace Original Equipment Manufacturing Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	382,126	265,179	246,850
Aerospace Aftermarket Products and Services [Member]
Disaggregation of Revenue [Line Items]
Net sales	225,924	163,974	115,513
Industrial [Member]
Disaggregation of Revenue [Line Items]
Net sales	842,821	832,715	896,483
Industrial [Member] | Aerospace OEM [Member]
Disaggregation of Revenue [Line Items]
Net sales	14,862	12,541	9,278
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	201,969	186,729	219,672
Industrial [Member] | Tool and Die [Member]
Disaggregation of Revenue [Line Items]
Net sales	72,914	85,947	95,466
Industrial [Member] | General Industrial [Member]
Disaggregation of Revenue [Line Items]
Net sales	265,313	254,681	255,942
Industrial [Member] | Auto Molding Solutions [Member]
Disaggregation of Revenue [Line Items]
Net sales	116,692	138,978	150,125
Industrial [Member] | Auto Production [Member]
Disaggregation of Revenue [Line Items]
Net sales	109,818	94,377	98,036
Industrial [Member] | Automation [Member]
Disaggregation of Revenue [Line Items]
Net sales	61,253	59,462	67,964
Industrial [Member] | Americas [Member]
Disaggregation of Revenue [Line Items]
Net sales	364,215	357,032	356,518
Industrial [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	312,402	296,856	335,679
Industrial [Member] | Asia [Member]
Disaggregation of Revenue [Line Items]
Net sales	157,949	172,922	199,578
Industrial [Member] | Other Geographic Market [Member]
Disaggregation of Revenue [Line Items]
Net sales	8,255	5,905	4,708
Industrial [Member] | Molding Solutions Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	408,691	402,598	458,681
Industrial [Member] | Force & Motion Control Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	372,877	370,655	369,838
Industrial [Member] | Automation Products [Member]
Disaggregation of Revenue [Line Items]
Net sales	61,253	59,462	67,964
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	608,050	429,153	362,363
Aerospace [Member] | Aerospace OEM [Member]
Disaggregation of Revenue [Line Items]
Net sales	382,126	265,179	246,850
Aerospace [Member] | Aerospace Aftermarket [Member]
Disaggregation of Revenue [Line Items]
Net sales	225,924	163,974	115,513
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	430,527	307,712	271,241
Aerospace [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Net sales	115,973	79,283	58,237
Aerospace [Member] | Asia [Member]
Disaggregation of Revenue [Line Items]
Net sales	58,419	37,348	29,701
Aerospace [Member] | Other Geographic Market [Member]
Disaggregation of Revenue [Line Items]
Net sales	3,131	4,810	3,184
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	382,126	265,179	246,850
Aerospace [Member] | Aerospace Aftermarket Products and Services [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 225,924	$ 163,974	$ 115,513
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue transfered percent	80%
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue transfered percent	20%

Revenue - Contract Balances (De

Revenue - Contract Balances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Capitalized Contract Cost [Line Items]
Unbilled receivables (contract assets)	$ 59,652	$ 42,423
Unbilled receivables (contract assets), $ Change	$ 17,229
Unbilled receivables (contract assets), % Change	41%
Contract liabilities	$ (42,428)	(27,857)
Contract liabilities, $ Change	$ (14,571)
Contract liabilities, % Change	52%
Net contract liabilities	$ 17,224	14,566
Net contract liabilities, $ Change	$ 2,658
Net contract assets, $Change	18%
Customer advances	$ 10,032	$ 9,593
Contract with Customer, Liability, Increase (Decrease) for Contract Acquired in Business Combination	$ 14,571
Revenue recognized	90%	90%
MB Aerospace Holdings, Inc.
Capitalized Contract Cost [Line Items]
Unbilled receivables (contract assets), $ Change	$ 14,446

Revenue - Contract Costs (Detai

Revenue - Contract Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Capitalized Contract Cost [Line Items]
Amortization of capitalized costs	$ 9,976	$ 12,518	$ 13,446
Capitalized costs, net	6,796	5,615
Tooling [Member]
Capitalized Contract Cost [Line Items]
Capitalized costs, net	4,271	2,728
Design Costs [Member]
Capitalized Contract Cost [Line Items]
Capitalized costs, net	$ 2,525	$ 2,887

Revenue - Remaining Performance

Revenue - Remaining Performance Obligations (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 526,113
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	75%
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, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Finished goods	$ 104,801	$ 105,965
Work-in-process	105,737	68,664
Raw materials and supplies	154,683	108,773
Inventories	$ 365,221	$ 283,402

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,031,495	$ 906,980
Less accumulated depreciation	(628,798)	(586,841)
Property, plant and equipment, net	402,697	320,139
Depreciation expense	52,086	47,163	$ 47,600
Land [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	16,594	18,018
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	198,207	184,909
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 816,694	$ 704,053

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Aug. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Goodwill, beginning of period		$ 835,472	$ 955,370
Goodwill, Impairment Loss		0	(68,194)	$ 0
Foreign currency translation		27,269	(51,704)
Acquisition-related		320,883
Goodwill, end of period		1,183,624	835,472	955,370
Other Intangible Assets:
Gross Amount		1,213,244	892,323
Foreign currency translation		(29,615)	(36,404)
Other intangible assets		1,239,299	911,589
Accumulated Amortization		(532,828)	(469,097)
Amortization of intangible assets		63,732	44,987	43,485
Intangible Assets, Future Amortization Expense
Estimated amortization of intangible assets, year 1		70,000
Estimated amortization of intangible assets, year 2		69,000
Estimated amortization of intangible assets, year 3		66,000
Estimated amortization of intangible assets, year 4		64,000
Estimated amortization of intangible assets, year 5		60,000
Goodwill expected tax deductible amount		0
Goodwill expected tax deductible amount		0
MB Aerospace Holdings, Inc.
Other Intangible Assets:
Intangible assets acquired	$ 320
Intangible Assets, Future Amortization Expense
Goodwill expected tax deductible amount		0
Goodwill expected tax deductible amount		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		$ (176,143)	(164,162)
Component Repair Program [Member]
Other Intangible Assets:
Range of life (in years)		30 years
Gross Amount		$ 111,839	111,839
Accumulated Amortization		(49,577)	(41,880)
Customer Relationships [Member]
Other Intangible Assets:
Gross Amount		586,189	337,189
Accumulated Amortization		$ (180,679)	(156,442)
Customer Relationships [Member] | MB Aerospace Holdings, Inc.
Other Intangible Assets:
Intangible assets acquired	$ 249,000
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life	15 years
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		$ 178,433	123,433
Accumulated Amortization		$ (100,662)	(92,875)
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)		18 years
Trademarks, Trade Names [Member]
Other Intangible Assets:
Gross Amount		$ 10,949	10,949
Accumulated Amortization		$ (10,910)	(10,772)
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		$ 26,334	9,413
Accumulated Amortization		(14,857)	(2,966)
Developed Technology Rights | MB Aerospace Holdings, Inc.
Other Intangible Assets:
Intangible assets acquired	$ 55
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life	18 years
Order or Production Backlog | MB Aerospace Holdings, Inc.
Other Intangible Assets:
Intangible assets acquired	$ 16,000
Acquired Finite-Lived Intangible Assets, Weighted Average Useful Life	1 year
Industrial [Member]
Goodwill [Roll Forward]
Goodwill, beginning of period		804,686	924,584
Goodwill, Impairment Loss		(68,194)	(68,194)
Foreign currency translation		26,586	(51,704)
Acquisition-related		0
Goodwill, end of period		831,272	804,686	924,584
Aerospace [Member]
Goodwill [Roll Forward]
Goodwill, beginning of period		30,786	30,786
Goodwill, Impairment Loss			0
Foreign currency translation		683	0
Acquisition-related		320,883
Goodwill, end of period		$ 352,352	$ 30,786	$ 30,786

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accrued Liabilities [Abstract]
Payroll and other compensation	$ 45,764	$ 32,276
Contract liabilities (Note 3)	42,428	27,857
Pension and other postretirement benefits (Note 12)	8,124	10,999
Accrued income taxes	49,138	29,201
Lease liability (Note 19)	10,894	10,209
Business reorganizations (Note 9)	10,276	11,000
Other	54,838	37,026
Accrued liabilities	$ 221,462	$ 158,568

Debt and Commitments (Details 1

Debt and Commitments (Details 1) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Oct. 15, 2014
Debt Instrument [Line Items]
Debt, Carrying Value	$ 16	$ 8
Finance lease, Carrying Amount	11,999	4,404
Finance lease, Fair Amount	11,732	4,085
Carrying Amount	1,290,846	571,084
Fair Value	1,309,806	565,360
Less current maturities	(10,884)	(1,445)
Long-term debt	$ 1,279,962	$ 569,639
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Long-Term Debt	Long-Term Debt
Sixth Admendment Maturity February 2026 and NineThree Point Seven Percent Senior Notes
Debt Instrument [Line Items]
Debt, Carrying Amount	$ 642,988
Senior Notes | 3.97% Senior Notes
Debt Instrument [Line Items]
Debt, Carrying Amount	0	$ 100,000
Debt, Fair Value	$ 0	96,894
Interest rate	3.97%		3.97%
Lines of credit and overdrafts
Debt Instrument [Line Items]
Debt, Carrying Value	$ 16	8
Debt, Fair Value	16	8
Line of Credit
Debt Instrument [Line Items]
Debt, Carrying Amount		466,672
Debt, Fair Value	646,843	464,373
Line of Credit | Credit Agreement | Secured Debt
Debt Instrument [Line Items]
Debt, Carrying Amount	648,375	0
Unamortized deferred financing costs and original issue discount - Term Loan Facility	(12,532)	0
Debt, Fair Value	$ 651,215	$ 0

Debt and Commitments (Details N

Debt and Commitments (Details Narrative) € in Thousands						1 Months Ended	12 Months Ended
	Dec. 31, 2023 USD ($)	Aug. 31, 2023 USD ($)	Jun. 05, 2023 USD ($)	Apr. 06, 2022 USD ($)	Feb. 10, 2021 USD ($)	Oct. 31, 2014	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2022 EUR (€)	Oct. 15, 2014 USD ($)
Debt Instrument [Line Items]
Fees and expenses paid with amendment							$ 11,341,000	$ 0	$ 0
Notes and overdrafts payable	$ 16,000						16,000	8,000
Finance lease	11,999,000						11,999,000	4,404,000
Debt maturities, year 1	10,884,000						10,884,000
Debt maturities, year 2	8,785,000						8,785,000
Debt maturities, year 3	8,401,000						8,401,000
Debt maturities, year 4	7,638,000						7,638,000
Debt maturities, year 5	650,157,000						650,157,000
Debt maturities, after year 5	617,513,000						617,513,000
Letters of credit outstanding, amount	5,786,000						5,786,000
Interest paid							59,238,000	13,535,000	15,206,000
Interest capitalized							1,510,000	391,000	$ 282,000
MB Aerospace Holdings, Inc.
Debt Instrument [Line Items]
Purchase price		$ 728,448,000	$ 728,448,000
Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	83,000,000						$ 83,000,000
Notes and overdrafts payable								0
Repayment period							1 month
Bank Overdrafts
Debt Instrument [Line Items]
Notes and overdrafts payable	$ 16,000						$ 16,000	8,000
Repayment period							2 days
Line of Credit
Debt Instrument [Line Items]
Carrying amount of debt								466,672,000
Line of Credit | Amendment No. 1 To Amended Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, commitment fee amount				$ 1,037,000
Line of Credit | Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 1,650,000,000
Debt Instrument, Floor Interest Rate		0%
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%		3.97%
Redemption price						100%
Carrying amount of debt	$ 0						$ 0	100,000,000
Minimum | Line of Credit | Amendment No. 1 To Amended Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, commitment fee percentage				0.15%
Maximum | Line of Credit | Amendment No. 1 To Amended Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, commitment fee percentage				0.30%
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	642,988,000						642,988,000	466,672,000
Line of credit facility remaining borrowing capacity	$ 357,012,000						$ 357,012,000	$ 533,328,000
Line of credit facility, interest rate at period end	6.76%						6.76%	3.67%		6.76%	3.67%
Revolving Credit Facility | MB Aerospace Holdings, Inc.
Debt Instrument [Line Items]
Line of credit facility, amount outstanding		$ 1,000,000,000
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, total debt ratio (not more than)					3.75
Debt covenant acquisitions, total debt ratio (not more than)					4.25
Revolving Credit Facility | Line of Credit | Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity		1,000,000,000
Line of credit facility, amount outstanding		698,000,000
Debt Issuance Costs, Gross		$ 3,058,000
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.30%	0.35%
Debt Instrument, Covenant, Minimum Interest Coverage Ratio		3
Debt Instrument, Covenant, Maximum Total Net Leverage Ratio		5.50
Debt Instrument, Covenant, Maximum Total Net Leverage Ratio, Step Down		4
Debt Instrument, Covenant, Maximum Total Net Leverage Ratio, Increase		0.50
Debt Instrument, Total Net Leverage Ratio	3.64						3.64			3.64
Debt Instrument, Interest Coverage Ratio	3.47						3.47			3.47
Revolving Credit Facility | Line of Credit | Amendment No. 2 To Unsecured Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity			1,000,000,000
Revolving Credit Facility | Euro | Line of Credit
Debt Instrument [Line Items]
Carrying amount of debt	$ 327,988,000						$ 327,988,000	$ 331,672,000		€ 296,500	€ 310,700
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 | Line of Credit | Credit Agreement
Debt Instrument [Line Items]
Basis spread on variable rate	2.125%	1.375%
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%
Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Line of Credit | Credit Agreement
Debt Instrument [Line Items]
Basis spread on variable rate		2.375%
Secured Debt | Line of Credit | Credit Agreement
Debt Instrument [Line Items]
Debt instrument, face amount		$ 650,000,000
Carrying amount of debt	$ 648,375,000						$ 648,375,000	$ 0
Debt Instrument, Original Issue Discount, Percent		0.75%
Debt Issuance Costs, Gross		$ 8,283,000
Debt Instrument, Unamortized Discount		$ 4,875,000
Debt Instrument, Prepayment Premium, Percent		1%
Debt Instrument, Prepayment Terms, Maximum Cash Proceeds, Percent		100%
Debt Instrument, Periodic Amortization, Percent		0.25%
Debt Instrument, Prepayment Terms, Maximum Percentage of Excess Cash Flow		50%
Debt Instrument, Prepayment Terms, Threshold Amount		$ 50,000
Debt Instrument, Prepayment Terms, Threshold Percent		15%
Periodic amortization amount		$ 6,500,000
Debt Instrument, Interest Rate During Period							8.46%
Debt Instrument, Interest Rate During Period							8.46%
Secured Debt | Base Rate | Line of Credit | Credit Agreement
Debt Instrument [Line Items]
Basis spread on variable rate		2%
Secured Debt | Secured Overnight Financing Rate (SOFR) | Line of Credit | Credit Agreement
Debt Instrument [Line Items]
Basis spread on variable rate		3%
Bridge Loan | Line of Credit | Amendment No. 2 To Unsecured Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity			700,000,000
Debt Issuance Costs, Gross			$ 9,500,000
Term for the payment of debt			364 days
Letter of Credit | Line of Credit | Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 50,000,000

Business Reorganizations - Narr

Business Reorganizations - Narrative (Details)	1 Months Ended		3 Months Ended	12 Months Ended
	Apr. 30, 2023 USD ($)	Jul. 31, 2022 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jul. 26, 2022 site	Dec. 31, 2021 USD ($)
2021 Actions
Restructuring Cost and Reserve [Line Items]
Charge for business reorganization					$ 2,869,000
Other restructuring costs				$ 269,000	465,000
2022 Actions
Restructuring Cost and Reserve [Line Items]
Charge for business reorganization		$ 17,986,000	$ 10,328,000	(357,000)	11,880,000
Liability for business reorganization			538,000	538,000	10,900,000		$ 0
Number of manufacturing sites | site						2
Severance costs		11,880,000
Other restructuring costs		6,106,000
Accelerated depreciation		3,186,000		3,802,000
Pension curtailment losses		$ 1,417,000
Restructuring And Related Cost, Special Consolidation and Transfer of Work Charges				7,291
Restructuring And Related Cost, Special Employee Termination Benefits				1,229,000
Restructuring And Related Cost, Pension Curtailment				1,144,000
April 2023 Actions
Restructuring Cost and Reserve [Line Items]
Charge for business reorganization	$ 13,783,000
Liability for business reorganization			6,247,000	6,247,000	0
Severance costs	10,791,000
Restructuring and Related Cost, Expected Cost			13,000,000	13,000,000
April 2023 Actions | Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Other restructuring costs	657,000
April 2023 Actions | Cost of Sales
Restructuring Cost and Reserve [Line Items]
Other restructuring costs	2,336,000
September 2023 Actions
Restructuring Cost and Reserve [Line Items]
Charge for business reorganization			7,878,000
Liability for business reorganization			2,736,000	$ 2,736,000	$ 0
Aerospace [Member] | April 2023 Actions
Restructuring Cost and Reserve [Line Items]
Charge for business reorganization	695,000
Restructuring and Related Cost, Expected Cost	10,000,000
Aerospace [Member] | September 2023 Actions
Restructuring Cost and Reserve [Line Items]
Charge for business reorganization			2,821,000
Industrial [Member] | April 2023 Actions
Restructuring Cost and Reserve [Line Items]
Charge for business reorganization	13,088,000
Restructuring and Related Cost, Expected Cost	$ 3,000,000
Industrial [Member] | September 2023 Actions
Restructuring Cost and Reserve [Line Items]
Charge for business reorganization			$ 5,056,000

Business Reorganizations - Chan

Business Reorganizations - Change in Liability for Business Reorganization (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended	12 Months Ended
	Apr. 30, 2023	Jul. 31, 2022	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
2022 Actions
Restructuring Reserve [Roll Forward]
Restructuring reserve				$ 10,900	$ 0
Restructuring Charges		$ 17,986	$ 10,328	(357)	11,880
Payments for Restructuring				(10,005)	(980)
Restructuring reserve			538	538	10,900
April 2023 Actions
Restructuring Reserve [Roll Forward]
Restructuring reserve				0
Restructuring Charges	$ 13,783
Restructuring reserve			6,247	6,247	0
September 2023 Actions
Restructuring Reserve [Roll Forward]
Restructuring reserve				0
Restructuring Charges			7,878
Restructuring reserve			$ 2,736	2,736	$ 0
Employee Severance and other termination benefits | April 2023 Actions
Restructuring Reserve [Roll Forward]
Restructuring Charges				10,492
Payments for Restructuring				(4,245)
Employee Severance and other termination benefits | September 2023 Actions
Restructuring Reserve [Roll Forward]
Restructuring Charges				7,878
Payments for Restructuring				$ (5,142)

Derivatives (Details)

Derivatives (Details) € in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Sep. 12, 2023 USD ($)	Sep. 12, 2023 EUR (€)	Jul. 19, 2023 EUR (€) interestRate	Apr. 30, 2022	Mar. 24, 2021 USD ($)	Apr. 28, 2017 USD ($) Bank
Derivative [Line Items]
Other assets, fair value disclosure	$ 5,976,000	$ 8,535,000
Net cash payments from settlement	$ 5,586,000	(13,638,000)	$ (9,661,000)
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	$ (8,319,000)	12,324,000	766,000
Foreign Exchange Contract [Member] | Other expense (income), net
Derivative [Line Items]
Amount of gain (loss) recognized in income on derivatives	8,733,000	(12,937,000)	$ (2,494,000)
Euribor Swap
Derivative [Line Items]
Other assets, fair value disclosure	5,485,000	0
2023 Swap
Derivative [Line Items]
Other assets, fair value disclosure	$ 19,984,000	$ 0
Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Derivative amount of hedge					€ 600,000	€ 150,000		$ 100,000,000
Fixed interest rate							1.075%
Debt Instrument, Covenant, Leverage Ratio, Maximum				0.04321	0.04321	0.03257
Number of Interest Rate Swaps | interestRate						6
Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Derivative Expiration Period Two
Derivative [Line Items]
Derivative amount of hedge				$ 100,000,000		€ 100,000
Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Derivative Expiration Period One
Derivative [Line Items]
Derivative amount of hedge				50,000,000		€ 50,000
Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Derivative Expiration Period Three
Derivative [Line Items]
Derivative amount of hedge				200,000,000
Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Derivative Expiration Period Four
Derivative [Line Items]
Derivative amount of hedge				50,000,000
Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Derivative Expiration Period Five
Derivative [Line Items]
Derivative amount of hedge				$ 200,000,000
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] | London Interbank Offered Rate (LIBOR)
Derivative [Line Items]
Derivative amount of hedge								$ 100,000,000	$ 100,000,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
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
Fair Value, Measurements, Recurring | Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Asset derivatives	$ 6,420	$ 8,856
Liability derivatives	(25,885)	(1,023)
Bank acceptances	12,161	13,260
Rabbi trust assets	1,923	2,104
Fair value net asset (liability)	(5,381)	23,197
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	1,923	2,104
Fair value net asset (liability)	1,923	2,104
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Asset derivatives	6,420	8,856
Liability derivatives	(25,885)	(1,023)
Bank acceptances	12,161	13,260
Rabbi trust assets	0	0
Fair value net asset (liability)	(7,304)	21,093
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	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Contribution expense	$ 3,030	$ 4,870	$ 5,475
Pensions [Member]
Defined Benefit Plan Disclosure [Line Items]
Total accumulated benefit obligation	382,769	395,663
Estimated future employer contributions in next fiscal year	7,143
Curtailment gain (loss)	668	(1,158)	133
Settlement gain (loss)	656	605	(205)
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	6.98%	7.52%
Ultimate health care cost trend rate	4%
Equity Securities [Member] | Pensions [Member]
Defined Benefit Plan Disclosure [Line Items]
The weighted-average target investment allocations in equity securities	65%
Fixed Income Securities [Member] | Pensions [Member]
Defined Benefit Plan Disclosure [Line Items]
The weighted-average target investment allocations in equity securities	35%

Pension and Other Postretirem_4

Pension and Other Postretirement Benefits (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pensions [Member]
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning balance	$ 402,306	$ 532,216
Service cost	2,589	5,689	$ 6,547
Interest cost	19,415	14,108	12,749
Amendments	(2,553)	121
Actuarial loss (gain)	8,600	(118,255)
Benefits paid	(33,639)	(27,474)
Transfers in	1,989	2,694
Plan curtailments	(8,039)	708
Plan settlements	(12,799)	(4,527)
Special termination benefits	0	395	0
Participant contributions	906	1,034
Foreign exchange rate changes	4,101	(4,403)
Benefit obligation, ending balance	382,876	402,306	532,216
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning balance	374,920	509,929
Actual return on plan assets	38,253	(105,848)
Company contributions	9,724	4,094
Participant contributions	906	1,034
Benefits paid	(33,639)	(27,474)
Plan settlements	(12,799)	(4,527)
Transfers in	1,989	2,694
Foreign exchange rate changes	4,212	(4,982)
Fair value of plan assets, ending balance	383,566	374,920	509,929
Funded/(underfunded) status, December 31	690	(27,386)
Pensions [Member] | U.S. [Member]
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning balance	341,595	442,756
Service cost	1,646	3,869
Interest cost	17,343	13,144
Amendments	0	121
Actuarial loss (gain)	3,615	(94,516)
Benefits paid	(31,097)	(24,882)
Transfers in	0	0
Plan curtailments	(7,602)	708
Plan settlements	0	0
Special termination benefits	0	395
Participant contributions	0	0
Foreign exchange rate changes	0	0
Benefit obligation, ending balance	325,500	341,595	442,756
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning balance	304,881	422,563
Actual return on plan assets	34,046	(95,573)
Company contributions	8,605	2,773
Participant contributions	0	0
Benefits paid	(31,097)	(24,882)
Plan settlements	0	0
Transfers in	0	0
Foreign exchange rate changes	0	0
Fair value of plan assets, ending balance	316,435	304,881	422,563
Funded/(underfunded) status, December 31	(9,065)	(36,714)
Pensions [Member] | Foreign Plan [Member]
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning balance	60,711	89,460
Service cost	943	1,820
Interest cost	2,072	964
Amendments	(2,553)	0
Actuarial loss (gain)	4,985	(23,739)
Benefits paid	(2,542)	(2,592)
Transfers in	1,989	2,694
Plan curtailments	(437)	0
Plan settlements	(12,799)	(4,527)
Special termination benefits	0	0
Participant contributions	906	1,034
Foreign exchange rate changes	4,101	(4,403)
Benefit obligation, ending balance	57,376	60,711	89,460
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning balance	70,039	87,366
Actual return on plan assets	4,207	(10,275)
Company contributions	1,119	1,321
Participant contributions	906	1,034
Benefits paid	(2,542)	(2,592)
Plan settlements	(12,799)	(4,527)
Transfers in	1,989	2,694
Foreign exchange rate changes	4,212	(4,982)
Fair value of plan assets, ending balance	67,131	70,039	87,366
Funded/(underfunded) status, December 31	9,755	9,328
Other Postretirement Benefits [Member]
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning balance	21,964	29,839
Service cost	39	77	103
Interest cost	1,122	808	819
Actuarial loss (gain)	(411)	(6,375)
Benefits paid	(2,390)	(2,597)
Special termination benefits	0	0	0
Participant contributions	98	141
Foreign exchange rate changes	19	71
Benefit obligation, ending balance	20,441	21,964	29,839
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets, beginning balance	0	0
Company contributions	2,292	2,456
Participant contributions	98	141
Benefits paid	(2,390)	(2,597)
Fair value of plan assets, ending balance	0	0	$ 0
Funded/(underfunded) status, December 31	$ (20,441)	$ (21,964)

Pension and Other Postretirem_5

Pension and Other Postretirement Benefits (Details 3) - Pensions [Member] - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 66,092	$ 303,631
Fair value of plan assets	33,002	260,722
U.S. [Member]
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	34,578	268,811
Fair value of plan assets	4,301	226,866
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	31,514	34,820
Fair value of plan assets	$ 28,701	$ 33,856

Pension and Other Postretirem_6

Pension and Other Postretirement Benefits (Details 4) - Pensions [Member] - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Abstract]
Accumulated benefit obligation	$ 65,985	$ 81,029
Fair value of plan assets	33,002	43,669
U.S. [Member]
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Abstract]
Accumulated benefit obligation	34,744	46,267
Fair value of plan assets	4,301	9,813
Foreign Plan [Member]
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Abstract]
Accumulated benefit obligation	31,241	34,762
Fair value of plan assets	$ 28,701	$ 33,856

Pension and Other Postretirem_7

Pension and Other Postretirement Benefits (Details 5) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Accrued liabilities	$ 8,124	$ 10,999
Accrued retirement benefits	45,992	54,352
Pensions [Member]
Defined Benefit Plan Disclosure [Line Items]
Other assets	33,780	15,523
Accrued liabilities	5,809	8,369
Accrued retirement benefits	27,281	34,540
Accumulated other non-owner changes to equity, net	(103,247)	(110,901)
Net actuarial loss	(103,921)	(109,018)
Prior service costs	674	(1,883)
Pensions [Member] | U.S. [Member]
Defined Benefit Plan Disclosure [Line Items]
Other assets	21,212	5,231
Accrued liabilities	5,809	8,369
Accrued retirement benefits	24,468	33,576
Accumulated other non-owner changes to equity, net	(98,436)	(108,265)
Net actuarial loss	(97,325)	(106,887)
Prior service costs	(1,111)	(1,378)
Pensions [Member] | Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Other assets	12,568	10,292
Accrued liabilities	0	0
Accrued retirement benefits	2,813	964
Accumulated other non-owner changes to equity, net	(4,811)	(2,636)
Net actuarial loss	(6,596)	(2,131)
Prior service costs	1,785	(505)
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Accrued liabilities	2,315	2,630
Accrued retirement benefits	18,126	19,334
Accumulated other non-owner changes to equity, net	2,471	2,261
Net actuarial loss	2,471	2,269
Prior service costs	$ 0	$ (8)

Pension and Other Postretirem_8

Pension and Other Postretirement Benefits (Details 6) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Total	[1]	$ 7,864	$ 3,667	$ 29,812
Pensions [Member]
Defined Benefit Plan Disclosure [Line Items]
Prior service cost		2,169
Net gain		5,022
Amortization of prior service costs		229
Amortization of actuarial loss (gain)		511
Foreign exchange rate changes		(277)
Total		7,654
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Prior service cost		0
Net gain		310
Amortization of prior service costs		8
Amortization of actuarial loss (gain)		(114)
Foreign exchange rate changes		6
Total		$ 210
[1]Net of tax of $3,221, $(489) and $8,916 for the years ended December 31, 2023, 2022 and 2021, respectively.

Pension and Other Postretirem_9

Pension and Other Postretirement Benefits (Details 7)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Interest crediting rate	2.01%	1.34%	1.34%
Foreign Plan [Member]
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Interest crediting rate	2.27%	2.01%
Pensions [Member] | U.S. [Member]
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	5.45%	5.50%
Increase in compensation	0%	3.05%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	5.50%	2.95%	2.65%
Long-term rate of return	7.75%	7.25%	7.25%
Increase in compensation	3.05%	3.03%	2.56%
Pensions [Member] | Foreign Plan [Member]
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	3%	3.60%
Increase in compensation	2.56%	2.76%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	3.60%	1.17%	0.83%
Long-term rate of return	3.99%	2.33%	1.96%
Increase in compensation	2.76%	2.77%	2.75%

Pension and Other Postretire_10

Pension and Other Postretirement Benefits (Details 8) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
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	$ 383,566	374,920	$ 509,929
Pensions [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	75,287	74,523
Pensions [Member] | Significant Other Observable Inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	306,150	298,576
Pensions [Member] | Significant Unobservable Inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	2,129	1,821
Pensions [Member] | Cash and short-term investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value of Plan Assets	4,472	3,542
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	4,472	3,542
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	36,614	35,734
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	36,614	35,734
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	14,344	14,205
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	14,344	14,205
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	14,661	14,622
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	14,661	14,622
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	107,176	104,377
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	107,176	104,377
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	41,810	42,154
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	41,810	42,154
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	104,791	97,170
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	104,791	97,170
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	57,569	61,295
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	57,569	61,295
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	2,129	1,821
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	$ 2,129	$ 1,821

Pension and Other Postretire_11

Pension and Other Postretirement Benefits (Details 9) $ in Thousands	Dec. 31, 2023 USD ($)
Pensions [Member]
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2024	$ 32,143
2024	32,315
2026	32,589
2027	28,431
2028	28,791
Years 2029-2033	135,554
Total	289,823
Other Postretirement Benefits [Member]
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2024	2,315
2024	2,163
2026	2,018
2027	1,894
2028	1,793
Years 2029-2033	7,632
Total	$ 17,815

Pension and Other Postretire_12

Pension and Other Postretirement Benefits (Details 10) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pensions [Member]
Pension and other postretirement benefits expenses
Service cost	$ 2,589	$ 5,689	$ 6,547
Interest cost	19,415	14,108	12,749
Expected return on plan assets	(30,056)	(28,944)	(27,858)
Amortization of prior service cost	354	387	332
Recognized losses/(gains)	1,643	12,710	16,006
Curtailment (gain)/loss	(668)	1,158	(133)
Settlement (gain)/loss	(656)	(605)	205
Special termination benefits	0	395	0
Net periodic benefit cost	(7,379)	4,898	7,848
Other Postretirement Benefits [Member]
Pension and other postretirement benefits expenses
Service cost	39	77	103
Interest cost	1,122	808	819
Expected return on plan assets	0	0	0
Amortization of prior service cost	10	36	29
Recognized losses/(gains)	(146)	(2)	258
Curtailment (gain)/loss	0	0	0
Settlement (gain)/loss	0	0	0
Special termination benefits	0	0	0
Net periodic benefit cost	$ 1,025	$ 919	$ 1,209

Stock-based Compensation - Narr

Stock-based Compensation - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years
Stock-based compensation expense	$ 10,201	$ 12,804	$ 11,470
Tax benefit from stock-based compensation expense	1,770	2,444	2,263
Exercise option, tax benefit	(941)	(1,257)	(523)
Unrecognized compensation costs	$ 24,795
Unrecognized compensation costs, period for recognition	2 years 6 months 3 days
Proceeds form exercise of stock options	$ 0	150	1,083
Intrinsic value of stock options exercised	$ 0	$ 55	$ 439
Weighted average grant date fair value (in dollars per share)	$ 17.64	$ 15.63	$ 17.30
Expected volatility	43.40%
Performance period	3 years
Risk-free interest rate	4.11%
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	41.60%	40.10%	40%
Risk-free interest rate	3.85%	1.98%	0.55%
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)	302,440
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)	131,025
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, 2023 $ / shares shares
Number of Shares
Options Outstanding (in shares) | shares	1,852,603
Granted (in shares) | shares	120,195
Exercised (in shares) | shares	0
Forfeited (in shares) | shares	(67,605)
Options Outstanding (in shares) | shares	1,905,193
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options outstanding (in dollars per share) | $ / shares	$ 37.79
Granted (in dollars per share) | $ / shares	44.94
Exercised (in dollars per share) | $ / shares	0
Forfeited (in dollars per share) | $ / shares	54.23
Options outstanding (in dollars per share) | $ / shares	$ 37.66

Stock-Based Compensation (Det_2

Stock-Based Compensation (Details 2)	12 Months Ended
	Dec. 31, 2023 $ / 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)	8 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)	2 years 1 month 24 days
Options Outstanding, Average Exercise Price (in dollars per share)	$ 32.14
Options Exercisable, Number of Shares (in shares) | shares	123,255
Options Exercisable, Average Exercise Price (in dollars per share)	$ 32.09
$44.94 to $47.04
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Range Limit (in dollars per share)	44.94
Range of Exercise Prices, Upper Range Limit (in dollars per share)	$ 47.04
Options Outstanding, Number of Shares (in shares) | shares	256,177
Options Outstanding, Average Remaining Life (Years)	6 years 3 months
Options Outstanding, Average Exercise Price (in dollars per share)	$ 45.79
Options Exercisable, Number of Shares (in shares) | shares	126,718
Options Exercisable, Average Exercise Price (in dollars per share)	$ 46.61
$51.55 to $59.46
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)	$ 59.46
Options Outstanding, Number of Shares (in shares) | shares	178,663
Options Outstanding, Average Remaining Life (Years)	4 years 5 months 1 day
Options Outstanding, Average Exercise Price (in dollars per share)	$ 55.87
Options Exercisable, Number of Shares (in shares) | shares	166,328
Options Exercisable, Average Exercise Price (in dollars per share)	$ 56.12
$60.72 to $66.10
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Range of Exercise Prices, Lower Range Limit (in dollars per share)	60.72
Range of Exercise Prices, Upper Range Limit (in dollars per share)	$ 66.10
Options Outstanding, Number of Shares (in shares) | shares	158,783
Options Outstanding, Average Remaining Life (Years)	3 years 11 months 1 day
Options Outstanding, Average Exercise Price (in dollars per share)	$ 63.17
Options Exercisable, Number of Shares (in shares) | shares	158,783
Options Exercisable, Average Exercise Price (in dollars per share)	$ 63.17

Stock-Based Compensation (Det_3

Stock-Based Compensation (Details 3)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	4.11%
Expected volatility	43.40%
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	3.85%	1.98%	0.55%
Expected life (years)	5 years 6 months	5 years 6 months	5 years 6 months
Expected volatility	41.60%	40.10%	40%
Expected dividend yield	1.20%	1.22%	1.23%

Stock-Based Compensation (Det_4

Stock-Based Compensation (Details 4) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Options Outstanding, Expected to Vest (in shares) | shares	1,836,720
Options Outstanding, Expected to Vest, Weighted-Average Exercise Price (in dollars per share) | $ / shares	$ 37.66
Options Outstanding, Expected to Vest, Aggregate Intrinsic Value | $	$ 2,845
Options Outstanding, Expected to Vest, Weighted-Average Remaining Term	7 years 10 days
Options Outstanding, Exercisable (in shares) | shares	575,084
Options Outstanding, Exercisable, Weighted-Average Exercise Price (in dollars per share) | $ / shares	$ 50.82
Options Outstanding, Exercisable, Aggregate Intrinsic Value | $	$ 182
Options Outstanding, Exercisable, Weighted-Average Remaining Term	3 years 5 months 19 days

Stock-Based Compensation (Det_5

Stock-Based Compensation (Details 5)	12 Months Ended
	Dec. 31, 2023 $ / 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	302,239
Granted (in shares) | shares	302,440
Forfeited (in shares) | shares	(73,535)
Additional Earned (in shares) | shares	0
Issued (in shares) | shares	(109,163)
Awards Outstanding | shares	421,981
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Awards Outstanding (in dollars per share) | $ / shares	$ 40.62
Granted (in dollars per share) | $ / shares	40.53
Forfeited (in dollars per share) | $ / shares	42.56
Additional earned (in dollars per share) | $ / shares	0
Issued (in dollars per share) | $ / shares	47.92
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	140,361
Granted (in shares) | shares	87,343
Forfeited (in shares) | shares	(20,607)
Additional Earned (in shares) | shares	(46,102)
Issued (in shares) | shares	0
Awards Outstanding | shares	160,995
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Awards Outstanding (in dollars per share) | $ / shares	$ 53.76
Granted (in dollars per share) | $ / shares	44.94
Forfeited (in dollars per share) | $ / shares	47.07
Additional earned (in dollars per share) | $ / shares	64.65
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	70,204
Granted (in shares) | shares	43,682
Forfeited (in shares) | shares	(10,307)
Additional Earned (in shares) | shares	(23,072)
Issued (in shares) | shares	0
Awards Outstanding | shares	80,507
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Awards Outstanding (in dollars per share) | $ / shares	$ 93.58
Granted (in dollars per share) | $ / shares	76.61
Forfeited (in dollars per share) | $ / shares	81.66
Additional earned (in dollars per share) | $ / shares	111.39
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, 2023	Dec. 31, 2022	Dec. 31, 2021
Income from continuing operations before income taxes:
U.S.	$ (61,688)	$ (53,088)	$ (28,832)
International	94,952	91,273	156,649
Income before income taxes	33,264	38,185	127,817
Current:
U.S. – federal	535	276	4,733
U.S. – state	972	778	1,009
International	21,875	29,374	38,609
Current income tax expense (benefit)	23,382	30,428	44,351
Deferred:
U.S. – federal	(407)	(790)	(6,800)
U.S. – state	(58)	(579)	(1,051)
International	(5,649)	(4,353)	(8,556)
Deferred income tax expense (benefit)	(6,114)	(5,722)	(16,407)
Income taxes	17,268	$ 24,706	$ 27,944
Credit carryforward, valuation allowance	366
Operating loss carryforwards, valuation allowance	$ 13,353

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Contingency [Line Items]
Deferred tax liabilities recognized on foreign earnings		$ 185
Unremitted foreign earnings	$ 1,835,000	3,501
Tax benefit	$ (17,268)	(24,706)	$ (27,944)
TCJA Of 2017, incomplete accounting, transition tax for accumulated foreign earnings, term	8 years
TCJA, provisional expense for transition tax, liability, current	$ 17,371
Long-term tax liability	21,714	$ 39,086
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, 2023	Dec. 31, 2022
Deferred tax assets:
Pension	$ 3,578	$ 11,505
Tax loss carryforwards	24,277	10,970
Inventory valuation	10,363	8,015
Other postretirement/postemployment costs	5,073	7,715
Accrued compensation	11,631	7,430
Goodwill	6,313	8,981
Lease obligation	13,052	8,493
Other	55,248	17,310
Valuation allowance	(41,625)	(6,456)
Total deferred tax assets	87,910	73,963
Deferred tax liabilities:
Depreciation and amortization	(130,227)	(81,409)
Goodwill	(41,313)	(9,899)
Swedish tax incentive	(7,105)	(7,196)
Right of use liability	(14,355)	(8,456)
Other	(5,223)	(11,537)
Total deferred tax liabilities	198,223	118,497
Non-current deferred tax assets	10,295	18,028
Non-current deferred tax liabilities	(120,608)	(62,562)
Net deferred tax liabilities	$ (110,313)	$ (44,534)

Income Taxes (Details 3)

Income Taxes (Details 3) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2023
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
Valuation allowances and reserves		41,625
Tax loss carryforwards		$ 85,716
Carryforward period, min		1 year
Carryforward period, maximum		5 years
Tax credit carryforward (1-5 years)		$ 417
Operating loss carryforwards, valuation allowance		13,353
Credit carryforward, valuation allowance		366
MB Aerospace Holdings, Inc.
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, valuation allowance		4,047
Credit carryforward, valuation allowance		6,758
SEC Schedule 12-09, Allowance, Net Operating Loss and Interest Disallowance
Operating Loss Carryforwards [Line Items]
Valuation allowances and reserves		28,513
U.S. Federal
Operating Loss Carryforwards [Line Items]
Tax loss carryforwards		$ 47,918
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		$ 2,599
Carryforward period, min		1 year
Carryforward period, maximum		20 years
International with Unlimited Carryforward Periods
Operating Loss Carryforwards [Line Items]
Tax loss carryforwards		$ 35,198

Income Taxes (Details 4)

Income Taxes (Details 4)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
U.S. federal statutory income tax rate	21%	21%	21%
Foreign operations taxed at different rates	13.90%	0.60%	0.10%
Foreign losses without tax benefit	20.70%	7.50%	1.90%
Italian goodwill & intangible realignment	0%	0%	(2.10%)
Goodwill impairment	0%	37.50%	0%
GILTI	9.80%	12%	2.30%
Capitalized Transaction Costs	(8.20%)	0%	0%
Tax holidays	(45.80%)	(30.20%)	(2.50%)
Stock awards excess tax expense	2.80%	3.30%	0.40%
Charge for change in valuation allowances	20.40%	9.30%	0%
Tax Reserves and audits including MAP Approval	2.30%	2.80%	(1.50%)
Adjustment to prior year's tax return	(3.80%)	(2.20%)	1%
Foreign tax rate change	(0.10%)	0%	0.40%
Other	2.50%	3.10%	0.90%
Consolidated effective income tax rate	51.90%	64.70%	21.90%

Income Taxes (Details 5)

Income Taxes (Details 5) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Holiday [Line Items]
Income taxes paid globally, net of refunds	$ 39,916	$ 49,639	$ 58,324
Singapore and China
Income Tax Holiday [Line Items]
Tax benefits	$ 15,233	$ 11,528	$ 3,219
Tax benefits (in dollars per share)	$ 0.30	$ 0.23	$ 0.06

Income Taxes (Details 6)

Income Taxes (Details 6) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Unrecognized tax benefits that would impact tax rate	$ 10,993	$ 8,250	$ 8,671
Increase (decrease) in unrecognized tax benefits due to:
Balance at January 1	8,250	8,671	9,156
Tax positions taken during prior periods	0	0	0
Tax positions taken during the current period	637	873	637
Acquisition	2,950	0	0
Settlements	0	0	(70)
Lapse of the applicable statute of limitations	(790)	(1,171)	(1,218)
Foreign currency translation	(54)	(123)
Foreign currency translation			166
Balance at December 31	10,993	8,250	8,671
Interest and penalties	(388)	(264)	(93)
The liability for unrecognized tax benefits included accrued interest	$ 2,930	$ 3,318	$ 3,582

Common Stock (Details)

Common Stock (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Common stock repurchases, value		$ 6,721	$ 5,229
Common Stock
Class of Stock [Line Items]
Employee stock plans (in shares)	119,142	137,911	172,261
Common Stock
Class of Stock [Line Items]
Treasury shares issued (in shares)	0	0	0
Employee stock plans (in shares)	119,000	137,000	173,000
Treasury Stock
Class of Stock [Line Items]
Common stock repurchases (in shares)	0	200,000	100,000
Common stock repurchases, value	$ 0	$ 6,721	$ 5,229
Employee stock plans (in shares)	23,000	33,000	28,000

Preferred Stock Preferred Stock

Preferred Stock Preferred Stock (Details) - shares	Dec. 31, 2023	Dec. 31, 2022
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, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Contribution expense	$ 3,030	$ 4,870	$ 5,475
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	$ 6,768	$ 4,164	$ 3,970
Shares held by Retirement Savings Plan	730,464

Stock Plans (Details 1)

Stock Plans (Details 1) - Employee Stock Purchase Plan [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
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)	9,979	11,101	7,667
Proceeds from stock plans	$ 353	$ 363	$ 344
Number of shares available under employee stock purchase plan (in shares)	222,041

Stock Plans (Details 2)

Stock Plans (Details 2) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 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 | $	$ 10,201	$ 12,804	$ 11,470
2014 Barnes Group Stock And Incentive Award Plan
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	1.9
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)	2,548,590
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)	24,000
Non-employee directors				12,000
Dividends paid | $	$ 16	$ 18	$ 19
All Stock Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for purchase (in shares)	6,512,031
2023 Barnes Group Stock And Incentive Award Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for purchase (in shares)	4,223,889,000
Number of shares available for future grants (in shares)	3,717,399
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, 2023	Dec. 31, 2022	Dec. 31, 2021
Weighted Average Shares Outstanding [Line Items]
Basic (in shares)	51,052,963	50,962,447	50,926,374
Dilutive effect of:
Diluted (in shares)	51,205,888	51,084,167	51,079,063
Stock options [Member]
Dilutive effect of:
Antidilutive shares excluded form computation of earnings per share (in shares)	1,089,449	1,352,548	533,177
Stock options [Member]
Dilutive effect of:
Shares attributable to share-based payment arrangements (in shares)	86,658	20,910	74,798
Performance share awards [Member]
Dilutive effect of:
Shares attributable to share-based payment arrangements (in shares)	66,267	100,810	77,891

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Income by Component (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	$ 1,346,327	$ 1,428,766	$ 1,382,677
Other comprehensive income before reclassifications to consolidated statements of income	28,545	(78,167)
Amounts reclassified from accumulated other comprehensive (loss) income to the consolidated statements of income	(3,174)	9,505
Total other comprehensive income (loss), net of tax	25,371	(68,662)	(29,523)
Balance	1,362,263	1,346,327	1,428,766
Gains and Losses on Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	5,941	160
Other comprehensive income before reclassifications to consolidated statements of income	(16,637)	6,155
Amounts reclassified from accumulated other comprehensive (loss) income to the consolidated statements of income	(3,808)	(374)
Total other comprehensive income (loss), net of tax	(20,445)	5,781
Balance	(14,504)	5,941	160
Pension and Other Postretirement Benefit Items
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(108,640)	(112,307)
Other comprehensive income before reclassifications to consolidated statements of income	7,230	(6,212)
Amounts reclassified from accumulated other comprehensive (loss) income to the consolidated statements of income	634	9,879
Total other comprehensive income (loss), net of tax	7,864	3,667
Balance	(100,776)	(108,640)	(112,307)
Foreign Currency Items
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(117,801)	(39,691)
Other comprehensive income before reclassifications to consolidated statements of income	37,952	(78,110)
Amounts reclassified from accumulated other comprehensive (loss) income to the consolidated statements of income	0	0
Total other comprehensive income (loss), net of tax	37,952	(78,110)
Balance	(79,849)	(117,801)	(39,691)
Accumulated Other Non-Owner Changes to Equity
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance	(220,500)	(151,838)	(122,315)
Balance	$ (195,129)	$ (220,500)	$ (151,838)

Changes in Accumulated Other _4

Changes in Accumulated Other Comprehensive Income by Component (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ (58,171)	$ (14,624)	$ (16,209)
Net sales	1,450,871	1,261,868	1,258,846
Tax benefit	(17,268)	(24,706)	(27,944)
Net income	15,996	13,479	$ 99,873
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income	3,174	(9,505)
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	5,037	495
Tax benefit	(1,229)	(121)
Net income	3,808	374
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	5,825	647
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	(788)	(152)
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	(964)	(12,976)
Tax benefit	330	3,097
Net income	(634)	(9,879)
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	(364)	(423)
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	(1,497)	(12,708)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Curtailment gain/(loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	241	(450)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Settlement gain
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income before income taxes	$ 656	$ 605

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
ROU assets	$ 46,780	$ 27,054
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets	Other assets
Current lease liability	$ 10,894	$ 10,209
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued liabilities	Accrued liabilities
Long-term lease liability	$ 36,197	$ 17,128
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Lease Liabilities	$ 47,091	$ 27,337
Operating lease cost	19,276	$ 17,099	$ 17,687
2024	12,874
2025	8,990
2026	6,666
2027	4,960
2028	4,272
After 2028	23,145
Total lease payments	60,907
Less: Interest	$ 13,816
Weighted-average remaining lease term (years)	7 years 9 months 18 days	5 years 9 months 18 days	5 years 9 months 18 days
Weighted-average discount rates	5.67%	3.38%	3.01%
Operating cash flows from operating leases	$ 14,440	$ 13,596	$ 14,586
Leased assets obtained in exchange for new operating lease liabilities	$ 32,353	$ 11,498	$ 15,287
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, 2023 USD ($) Segment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | Segment	2
Revenues	$ 1,450,871	$ 1,261,868	$ 1,258,846
Operating profit	88,992	57,119	150,018
Assets	3,308,014	2,413,730	2,576,800
Depreciation and amortization	115,818	92,150	91,085
Capital expenditures	55,700	35,100	34,100
Interest expense	58,171	14,624	16,209
Other expense (income), net	(2,443)	4,310	5,992
Income before income taxes	33,264	38,185	127,817
Long-lived assets	2,391,000	1,663,400	1,874,600
Impairment charge (see below)	0	68,194	0
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Revenues	0	0	0
Operating profit	0	0	0
Assets	157,400	142,700	165,900
Depreciation and amortization	500	700	900
Capital expenditures	$ 600	$ 1,000	$ 200
General Electric [Member]
Segment Reporting Information [Line Items]
Revenue by major customer	21%	16%	17%
Industrial [Member]
Segment Reporting Information [Line Items]
Revenues	$ 842,821	$ 832,715	$ 896,483
Impairment charge (see below)	68,194	68,194
Industrial [Member] | Operating Segments
Segment Reporting Information [Line Items]
Revenues	842,800	832,700	896,500
Operating profit	36,000	(19,100)	97,700
Assets	1,685,300	1,680,400	1,827,900
Depreciation and amortization	53,700	54,100	57,500
Capital expenditures	22,400	19,200	21,300
Aerospace [Member]
Segment Reporting Information [Line Items]
Revenues	608,050	429,153	362,363
Impairment charge (see below)		0
Aerospace [Member] | Operating Segments
Segment Reporting Information [Line Items]
Revenues	608,100	429,200	362,400
Operating profit	53,000	76,200	52,300
Assets	1,465,300	590,600	583,000
Depreciation and amortization	61,600	37,300	32,800
Capital expenditures	$ 32,800	$ 14,900	$ 12,700

Information on Business Segme_4

Information on Business Segments (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 1,450,871	$ 1,261,868	$ 1,258,846
Long-lived assets	$ 2,391,000	$ 1,663,400	$ 1,874,600
Sales from international locations to domestic locations	66%	78%	78%
Corporate, Non-Segment
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 0	$ 0	$ 0
Domestic [Member] | Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	599,900	545,200	516,400
Long-lived assets	557,900	360,200	380,700
International [Member] | Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	935,100	806,800	829,400
Long-lived assets	1,833,100	1,303,200	1,493,900
Other [Member] | Corporate, Non-Segment
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	(84,200)	(90,200)	(87,000)
Long-lived assets	0	0	0
Germany [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	225,800	204,300	243,100
Long-lived assets	405,800	388,200	428,900
Singapore [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	183,300	144,900	136,800
Long-lived assets		196,700	201,600
Italy [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	303,900	$ 300,400	$ 398,200
TAIWAN
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 321,600

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event $ in Thousands	Jan. 11, 2024 USD ($)
Subsequent Event [Line Items]
Proceeds from the sale of businesses	$ 175,000
Promissory note due	$ 15,000
Term for the payment of debt	24 months

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Allowance, Ending Balance	$ 41,625
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Allowance, Beginning Balance	5,222	$ 5,625
Provision charged to income	2,114	131	$ 6,348
Doubtful accounts written off	(462)	(178)	(11)
Reclassified to assets held for sale			(562)
Other adjustments	384	(356)	(150)
Allowance, Ending Balance	$ 7,258	$ 5,222	$ 5,625

Schedule II - Valuation and Q_3

Schedule II - Valuation and Qualifying Accounts (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Allowance, Ending Balance	$ 41,625
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	6,456	$ 3,869	$ 3,757
Additions charged to income tax expense	6,685	2,763	346
Acquisitions	28,513
Reductions charged to other comprehensive income	51	(41)	(15)
Reductions credited to income tax expense	(109)	(59)	(241)
Changes due to foreign currency translation	29	(76)	22
Allowance, Ending Balance	$ 41,625	$ 6,456	$ 3,869