MNESP MSA Safety Inc (PK)

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Several of the Company's subsidiaries participate in a notional cash pooling arrangement to manage global liquidity requirements. As part of a master netting arrangement, the participants combine their cash balances in pooling accounts at the same financial institution with the ability to offset bank overdrafts of one participant against positive cash account balances held by another participant. Under the terms of the master netting arrangement, the financial institution has the right, ability and intent to offset a positive balance in one account against an overdrawn amount in another account. Amounts in each of the accounts are unencumbered and unrestricted with respect to use. As such, the net cash balance related to this pooling arrangement is included in Cash and cash equivalents in the unaudited Condensed Consolidated Balance Sheets.

The Company's net cash pool position consisted of the following:

(In thousands)			June 30, 2024
Gross cash pool position			$	96,109
Less: cash pool borrowings			(91,690)
Net cash pool position			$	4,419

During the three and six months ended June 30, 2024, we recorded restructuring charges of $1.5 million and $4.6 million, respectively. Americas segment restructuring charges of $0.8 million during the six months ended June 30, 2024, were related to manufacturing footprint optimization activities. International segment restructuring charges of $2.9 million during the six months ended June 30, 2024, were related to ongoing initiatives to optimize our manufacturing footprint and improve productivity as well as management restructuring. Corporate segment restructuring charges of $0.9 million during the six months ended June 30, 2024, were related to management restructuring.

During the three and six months ended June 30, 2023, we recorded restructuring charges of $3.4 million and $5.1 million, respectively. Americas segment restructuring charges of $2.2 million during the six months ended June 30, 2023, were related to manufacturing footprint optimization activities. International segment restructuring charges of $1.5 million during the six months ended June 30, 2023, were related to ongoing initiatives to drive profitable growth and rightsize our operations including the expansion of our European Shared Service Center in Warsaw, Poland.

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Restructuring reserves are included in Other current liabilities in the accompanying unaudited Condensed Consolidated Balance Sheets. Activity and reserve balances for restructuring by segment were as follows:

(In millions)			Americas						International						Corporate						Total
Reserve balances at December 31, 2022			$	1.7					$	12.8					$	0.5					$	15.0
Restructuring charges			3.1						4.7						2.1						9.9
Currency translation			(0.1)						0.1						—						—
Cash payments / utilization			(3.9)						(8.6)						(2.6)						(15.1)
Reserve balances at December 31, 2023			$	0.8					$	9.0					$	—					$	9.8
Restructuring charges			0.8						2.9						0.9						4.6
Currency translation			(0.1)						(0.2)						—						(0.3)
Cash payments			(1.2)						(5.5)						(0.9)						(7.6)
Reserve balances at June 30, 2024			$	0.3					$	6.2					$	—					$	6.5

The following table sets forth the components of inventory:

(In thousands)			June 30, 2024						December 31, 2023
Finished products			$	104,057					$	88,687
Work in process			18,704						15,378
Raw materials and supplies			198,138						188,539
Total inventories			$	320,899					$	292,604

The following table sets forth the components of property, plant and equipment, net:

(In thousands)			June 30, 2024						December 31, 2023
Land			$	4,292					$	4,332
Buildings			142,335						141,027
Machinery and equipment			496,349						498,148
Construction in progress			26,334						24,404
Total			669,310						667,911
Less: accumulated depreciation			(456,151)						(456,034)
Property, plant and equipment, net			$	213,159					$	211,877

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Changes in accumulated other comprehensive loss were as follows:

			Three Months Ended June 30,												Six Months Ended June 30,
(In thousands)			2024						2023						2024						2023
Pension and other post-retirement benefits (a)
Balance at beginning of period			$	(42,278)					$	(49,896)					$	(42,652)					$	(50,335)
Amounts reclassified from accumulated other comprehensive loss into net income (loss):
Amortization of prior service credit (Note 14)			(9)						(24)						(18)						(48)
Recognized net actuarial losses (Note 14)			2,271						185						2,668						370
Tax (benefit) expense			(240)						(46)						(254)						232
Total amount reclassified from accumulated other comprehensive loss, net of tax, into net income (loss)			2,022						115						2,396						554
Balance at end of period			$	(40,256)					$	(49,781)					$	(40,256)					$	(49,781)
Available-for-sale securities
Balance at beginning of period			$	—					$	—					$	—					$	(2)
Unrealized net gains on available-for-sale securities (Note 16)			—						—						—						2
Balance at end of period			$	—					$	—					$	—					$	—
Foreign currency translation
Balance at beginning of period			$	(97,270)					$	(97,186)					$	(86,597)					$	(108,380)
Reclassification from accumulated other comprehensive loss into net income (loss)(b)			(1,200)						—						(1,200)						—
Foreign currency translation adjustments			(8,822)						5,039						(19,495)						16,233
Balance at end of period			$	(107,292)					$	(92,147)					$	(107,292)					$	(92,147)
(a) Amounts reclassified from accumulated other comprehensive loss into net income (loss) are included in the computation of net periodic pension and other post-retirement benefit costs (refer to Note 14—Pensions and Other Post-retirement Benefits). (b) Reclassification from accumulated other comprehensive loss into net income (loss) relates primarily to the recognition of non-cash net cumulative translation gains associated with certain foreign subsidiaries. The reclassifications are included in Currency exchange (gains) losses, net, within the unaudited Condensed Consolidated Statements of Income.

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Preferred Stock - The Company has authorized 100,000 shares of $50 par value 4.5% cumulative preferred nonvoting stock which is callable at $52.50. There were 71,340 shares issued and 52,998 shares held in treasury at both June 30, 2024 and December 31, 2023. The Treasury shares at cost line in the unaudited Condensed Consolidated Balance Sheets includes $1.8 million related to preferred stock. There were no shares of preferred stock purchased and subsequently held in treasury during the six months ended June 30, 2024 or 2023. The Company has also authorized 1,000,000 shares of $10 par value second cumulative preferred voting stock. No shares have been issued as of June 30, 2024, or December 31, 2023.

Common Stock - The Company has authorized 180,000,000 shares of no par value common stock. There were 62,081,391 shares issued as of June 30, 2024 and December 31, 2023. No new shares were issued during the six months ended June 30, 2024 or 2023. There were 39,349,528 and 39,317,212 shares outstanding at June 30, 2024 and December 31, 2023, respectively.

Treasury Shares - The Company has a stock repurchase program that authorizes up to $200.0 million to repurchase MSA common stock in the open market and in private transactions. The stock repurchase program has no expiration date. The maximum number of shares that may be repurchased is calculated based on the dollars remaining under the program and the respective month-end closing share price. During the six months ended June 30, 2024, and 2023, the Company repurchased 52,561 and no shares, respectively, under this program. There were 22,731,863 and 22,764,179 treasury shares at June 30, 2024 and December 31, 2023, respectively.

The Company issues treasury shares for all stock-based benefit plans. Shares are issued from treasury at the average treasury share cost on the date of the transaction. There were 121,790 and 105,894 Treasury shares issued for these purposes during the six months ended June 30, 2024 and 2023, respectively.

Common stock activity is summarized as follows:

			Three Months Ended June 30, 2024												Three Months Ended June 30, 2023
(In thousands)			Common Stock						Treasury Cost(a)						Common Stock						Treasury Cost(a)
Balance at beginning of period			$	315,241					$	(365,999)					$	287,009					$	(362,280)
Stock compensation expense			5,042						—						6,759						—
Restricted and performance stock awards			(348)						348						(190)						190
Stock options exercised			47						27						354						184
Treasury shares purchased for stock compensation programs			—						(992)						—						(184)
Employee stock purchase program			574						60						432						65
Share repurchase program			—						(10,000)						—						—
Balance at end of period			$	320,556					$	(376,556)					$	294,364					$	(362,025)
(a)Excludes treasury cost related to preferred stock.

			Six Months Ended June 30, 2024												Six Months Ended June 30, 2023
(In thousands)			Common Stock						Treasury Cost(a)						Common Stock						Treasury Cost(a)
Balance at beginning of period			$	312,324					$	(361,684)					$	281,980					$	(359,838)
Stock compensation expense			9,229						—						13,029						—
Restricted and performance stock awards			(1,783)						1,783						(1,434)						1,434
Stock options exercised			212						114						357						185
Treasury shares purchased for stock compensation programs			—						(6,829)						—						(3,871)
Employee stock purchase program			574						60						432						65
Share repurchase program			—						(10,000)						—						—
Balance at end of period			$	320,556					$	(376,556)					$	294,364					$	(362,025)
(a)Excludes treasury cost related to preferred stock.

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The Company is organized into four geographical operating segments that are based on management responsibilities: Northern North America; Latin America; Europe, Middle East & Africa; and Asia Pacific. The operating segments have been aggregated (based on economic similarities, the nature of their products, end-user markets and methods of distribution) into three reportable segments: Americas, International, and Corporate.

The Americas segment is comprised of our operations in Northern North American and Latin American geographies. The International segment is comprised of our operations in all geographies outside of the Americas. Certain global expenses are allocated to each segment in a manner consistent with where the benefits from the expenses are derived.

The Company's sales are allocated to each segment based primarily on the country destination of the end-customer.

Adjusted operating income (loss), adjusted operating margin, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) and adjusted EBITDA margin are the measures used by the chief operating decision maker to evaluate segment performance and allocate resources. Adjusted operating income (loss) is defined as operating income (loss) excluding restructuring charges, currency exchange (gains) losses, product liability expense, loss on divestiture of Mine Safety Appliances Company, LLC ("MSA LLC"), net cost for product related legal matter, transaction costs and acquisition-related amortization. Adjusted operating margin is defined as adjusted operating income (loss) divided by segment net sales to external customers. Adjusted EBITDA is defined as adjusted operating income (loss) plus depreciation and amortization. Adjusted EBITDA margin is defined as adjusted EBITDA divided by segment net sales to external customers.

The accounting principles applied at the operating segment level in determining operating income (loss) are generally the same as those applied at the unaudited condensed consolidated financial statement level. Sales and transfers between operating segments are accounted for at market-based transaction prices and are eliminated in consolidation.

Reportable segment information is presented in the following table:

(In thousands, except percentages)						Americas						International						Corporate												Consolidated Totals
Three Months Ended June 30, 2024
Net sales to external customers						$	314,711					$	147,752					$	—											$	462,463
Operating income																														99,944
Restructuring charges (Note 3)																														1,543
Currency exchange gains, net																														(603)
Net cost for product related legal matter																														5,000
Amortization of acquisition-related intangible assets																														2,306
Adjusted operating income (loss)						98,468						24,285						(14,563)												108,190
Adjusted operating margin %						31.3		%				16.4		%
Depreciation and amortization																														13,741
Adjusted EBITDA						108,230						28,052						(14,351)												121,931
Adjusted EBITDA margin %						34.4		%				19.0		%
Three Months Ended June 30, 2023
Net sales to external customers						$	308,378					$	138,921					$	—											$	447,299
Operating income																														95,008
Restructuring charges (Note 3)																														3,350
Currency exchange losses, net																														3,110
Amortization of acquisition-related intangible assets																														2,315
Adjusted operating income (loss)						94,816						21,743						(12,776)												103,783
Adjusted operating margin %						30.7		%				15.7		%
Depreciation and amortization																														12,574
Adjusted EBITDA						103,977						24,949						(12,569)												116,357
Adjusted EBITDA margin %						33.7		%				18.0		%

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(In thousands, except percentages)						Americas						International						Corporate												Consolidated Totals
Six Months Ended June 30, 2024
Net sales to external customers						$	610,249					$	265,516					$	—											$	875,765
Operating income																														180,056
Restructuring charges (Note 3)																														4,560
Currency exchange losses, net																														1,730
Net cost for product related legal matter																														5,000
Amortization of acquisition-related intangible assets																														4,620
Transaction costs(a)																														234
Adjusted operating income (loss)						184,688						37,770						(26,258)												196,200
Adjusted operating margin %						30.3		%				14.2		%
Depreciation and amortization																														26,985
Adjusted EBITDA						203,923						45,097						(25,835)												223,185
Adjusted EBITDA margin %						33.4		%				17.0		%
Six Months Ended June 30, 2023
Net sales to external customers						$	588,645					$	256,916					$	—											$	845,561
Operating income																														34,947
Restructuring charges (Note 3)																														5,097
Currency exchange losses, net																														7,285
Loss on divestiture of MSA LLC (Note 17)																														129,211
Product liability expense (Note 17)																														3
Amortization of acquisition-related intangible assets																														4,620
Adjusted operating income (loss)						166,510						37,522						(22,869)												181,163
Adjusted operating margin %						28.3		%				14.6		%
Depreciation and amortization																														24,841
Adjusted EBITDA						184,471						44,007						(22,474)												206,004
Adjusted EBITDA margin %						31.3		%				17.1		%
(a) Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the unaudited Condensed Consolidated Statements of Operations.

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Total sales by product group was as follows:

Three Months Ended June 30, 2024			Consolidated									Americas									International
(In thousands, except percentages)			Dollars						Percent						Dollars						Percent						Dollars						Percent
Fire Service (a)			$	172,269					37%						$	118,487					38%						$	53,782					37%
Detection (b)			170,848						37%						111,405						35%						59,443						40%
Industrial PPE and Other (c)			119,346						26%						84,819						27%						34,527						23%
Total			$	462,463					100%						$	314,711					100%						$	147,752					100%
Three Months Ended June 30, 2023			Consolidated									Americas									International
(In thousands, except percentages)			Dollars						Percent						Dollars						Percent						Dollars						Percent
Fire Service (a)			$	166,490					37%						$	121,157					39%						$	45,333					33%
Detection (b)			158,242						35%						104,374						34%						53,868						39%
Industrial PPE and Other (c)			122,567						28%						82,847						27%						39,720						28%
Total			$	447,299					100%						$	308,378					100%						$	138,921					100%
Six Months Ended June 30, 2024			Consolidated									Americas									International
(In thousands, except percentages)			Dollars						Percent						Dollars						Percent						Dollars						Percent
Fire Service (a)			$	335,962					39%						$	240,738					39%						$	95,224					36%
Detection (b)			310,064						35%						207,700						34%						102,364						38%
Industrial PPE and Other (c)			229,739						26%						161,811						27%						67,928						26%
Total			$	875,765					100%						$	610,249					100%						$	265,516					100%
Six Months Ended June 30, 2023			Consolidated									Americas									International
(In thousands, except percentages)			Dollars						Percent						Dollars						Percent						Dollars						Percent
Fire Service (a)			$	305,878					36%						$	223,213					38%						$	82,665					32%
Detection (b)			304,843						36%						203,685						35%						101,158						39%
Industrial PPE and Other (c)			234,840						28%						161,747						27%						73,093						29%
Total			$	845,561					100%						$	588,645					100%						$	256,916					100%
(a) Fire Service includes Breathing Apparatus and Firefighter Helmets and Protective Apparel. (b) Detection includes Fixed Gas and Flame Detection and Portable Gas detection. (c) Industrial PPE and Other includes Industrial Head Protection, Fall Protection and Non-Core.

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Basic earnings (loss) per share is computed by dividing net income, after the deduction of preferred stock dividends and undistributed earnings allocated to participating securities, by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share assumes the issuance of common stock for all potentially dilutive share equivalents outstanding not classified as participating securities. Participating securities are defined as unvested stock-based compensation awards that contain nonforfeitable rights to dividends.

			Three Months Ended June 30,												Six Months Ended June 30,
(In thousands, except per share values)			2024						2023						2024						2023
Net income (loss)			$	72,234					$	67,090					$	130,373					$	(83,083)
Preferred stock dividends			(10)						(10)						(20)						(20)
Net income (loss) attributable to common equity			72,224						67,080						130,353						(83,103)
Dividends and undistributed earnings allocated to participating securities			(6)						(8)						(13)						(8)
Net income (loss) attributable to common shareholders			72,218						67,072						130,340						(83,111)
Basic weighted-average shares outstanding			39,389						39,274						39,375						39,249
Stock-based compensation awards (a)			152						135						174						—
Diluted weighted-average shares outstanding			39,541						39,409						39,549						39,249
Antidilutive shares			—						—						—						158
Earnings (loss) per share:
Basic			$	1.83					$	1.71					$	3.31					$	(2.12)
Diluted			$	1.83					$	1.70					$	3.30					$	(2.12)
(a) During periods in which the Company incurs a net loss, stock-based compensation awards are excluded from the computation of diluted earnings per share because their effect would be anti-dilutive. As such, during periods in which the Company incurs a net loss, diluted weighted-average shares outstanding are equivalent to basic weighted-average shares outstanding.

The Company's effective tax rate for the three months ended June 30, 2024, was 23.5%, which differs from the United States of America ("U.S.") federal statutory rate of 21% primarily due to state income taxes. The Company's effective tax rate for the three months ended June 30, 2023, was 23.3%, which differs from the U.S. federal statutory rate of 21% primarily due to state income taxes.

The Company's effective tax rate for the six months ended June 30, 2024, was 23.3%, which differs from the United States of America ("U.S.") federal statutory rate of 21% primarily due to state income taxes and nondeductible compensation. The Company's effective tax rate for the six months ended June 30, 2023, was 520.8%, which differs from the U.S. federal statutory rate of 21% primarily due to the divestiture of MSA LLC and the non-deductible loss recorded on the derecognition of the product liability reserves and related assets. Refer to Note 17—Commitments and Contingencies to the unaudited condensed consolidated financial statements in Part I Item 1 of this Form 10-Q for further information on this transaction.

At June 30, 2024, the Company had a gross liability for unrecognized tax benefits of $7.3 million. The Company has recognized tax benefits associated with these liabilities of $0.6 million at June 30, 2024. The gross liability includes amounts associated with foreign tax exposure in prior periods.

The Company recognizes interest and penalties related to unrecognized tax benefits in interest expense and operating expenses, respectively. The Company's liability for accrued interest related to uncertain tax positions was $0.2 million at June 30, 2024.

We are subject to regular review and audit by both foreign and domestic tax authorities. While we believe our tax positions will be sustained, the final outcome of tax audits and related litigation may differ materially from the tax amounts recorded in our unaudited condensed consolidated financial statements.

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The 2023 Management Equity Incentive Plan provides for various forms of stock-based compensation for eligible employees through May 2033 including stock options, restricted stock awards, restricted stock units and performance stock units. The 2017 Non-Employee Directors’ Equity Incentive Plan provides for grants of stock options, restricted stock awards and restricted stock units to non-employee directors through May 2027.

Stock compensation expense, included in Selling, general and administrative expense in the unaudited Condensed Consolidated Statements of Operations, is as follows:

			Three Months Ended June 30,												Six Months Ended June 30,
(In thousands)			2024						2023						2024						2023
Stock compensation expense			$	5,042					$	6,759					$	9,229					$	13,029
Income tax benefit			1,235						1,656						2,261						3,192
Stock compensation expense, net of tax			$	3,807					$	5,103					$	6,968					$	9,837

We have not capitalized any stock-based compensation expense.

A summary of stock option activity for the six months ended June 30, 2024, is as follows:

			Shares						Weighted Average Exercise Price
Outstanding at January 1, 2024			26,536						$	45.95
Exercised			(7,070)						46.13
Forfeited			(852)						48.65
Outstanding and exercisable at June 30, 2024			18,614						$	45.76

Restricted stock awards and restricted stock units are valued at the market value of the stock on the grant date. A summary of restricted stock activity for the six months ended June 30, 2024, is as follows:

			Shares						Weighted Average Grant Date Fair Value
Unvested at January 1, 2024			173,851						$	142.73
Granted			81,658						178.52
Vested			(43,946)						165.12
Forfeited			(21,904)						166.54
Unvested at June 30, 2024			189,659						$	150.08

Performance stock units that have a market condition modifier are valued at an estimated fair value using a Monte Carlo model. The final number of shares to be issued for performance stock units granted in the first quarter of 2024 may range from 0% to 200% of the target award based on achieving the specified performance targets over the performance period plus an additional modifier based on total shareholder return ("TSR") over the performance period. The following weighted average assumptions were used in estimating the fair value of the performance stock units granted in the first quarter of 2024.

Fair value per unit			$181.31
Risk-free interest rate			4.34%
Expected dividend yield			1.19%
Expected volatility			25.9%
MSA stock beta			0.728

The risk-free interest rate is based on the U.S. Treasury Constant Maturity rates as of the grant date converted into an implied spot rate yield curve. Expected dividend yield is based on the most recent annualized dividend divided by the one year average closing share price. Expected volatility is based on the three year historical volatility preceding the grant date using daily stock prices. Expected life is based on historical stock option exercise data.

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A summary of performance stock unit activity for the six months ended June 30, 2024, is as follows:

			Shares						Weighted Average Grant Date Fair Value
Unvested at January 1, 2024			189,221						$	146.17
Granted			40,231						177.30
Performance adjustments(a)			21,143						193.10
Vested			(78,199)						174.03
Forfeited			(5,895)						158.69
Unvested at June 30, 2024			166,501						$	146.13
(a)Performance adjustments relate primarily to the final number of shares issued for the 2021 performance unit awards which vested in the first quarter of 2024 at 174% of the target award based on both cumulative performance against EBITDA margin and revenue growth targets and MSA's TSR during the three-year performance period.

(In thousands)			June 30, 2024						December 31, 2023
2016 Senior Notes payable through 2031, 3.40%, net of debt issuance costs			$	53,966					$	62,081
2021 Senior Notes payable through 2036, 2.69%, net of debt issuance costs			99,743						99,733
2021 Senior Notes payable through 2036, 2.69%, net of debt issuance costs			99,743						99,733
2023 Term Loan credit agreement maturing in 2026, net of debt issuance costs			218,238						230,604
2023 Senior Notes payable through 2028, 5.25%, net of debt issuance costs			49,946						49,939
Senior revolving credit facility maturing in 2026, net of debt issuance costs			66,607						59,602
Total			588,243						601,692
Amounts due within one year			26,472						26,522
Long-term debt, net of debt issuance costs			$	561,771					$	575,170

On May 24, 2021, the Company entered into a Fourth Amended and Restated Credit Agreement (the “Revolving Credit Facility" or "Facility”) that extended its term through May 24, 2026 and increased the capacity to $900.0 million. The agreement was amended in August 2021 and June 2023 to transition from Sterling LIBOR reference rates and U.S. LIBOR reference rates. Under the amended agreement, the Company may elect either a Base rate of interest (“BASE”) or an interest rate based on Secured Overnight Financing Rate (“SOFR”). The BASE is a daily fluctuating per annum rate equal to the highest of (i) 0.00%, (ii) the Overnight Bank Funding Rate, plus 0.5%, (iii) the Prime Rate (iv) the Daily Simple SOFR rate, plus 1.00%. The Company pays a credit spread of 0 to 175 basis points based on the Company’s net EBITDA leverage ratio and elected rate (BASE or SOFR). The Company has a weighted average revolver interest rate of 6.23% as of June 30, 2024. At June 30, 2024, $831.4 million of the existing $900.0 million Revolving Credit Facility was unused, including letters of credit issued under the Facility. The Facility also provides an accordion feature that allows the Company to access an additional $400.0 million of capacity pending approval by MSA’s board of directors and from the bank group.

On July 1, 2024, the Company entered into Amendment No. 3 to the Third Amended and Restated Multi-Currency Note Purchase and Private Shelf Agreement (the “Prudential Note Agreement”) with PGIM, Inc. (“Prudential”). The Prudential Note Agreement provided for (i) the issuance of $100.0 million of 2.69% Series C Senior Notes due July 1, 2036 and (ii) the establishment of an uncommitted note issuance facility whereby the Company may request, subject to Prudential’s acceptance in its sole discretion, the issuance of up to $335.0 million aggregate principal amount of senior unsecured notes. As of June 30, 2024, the Company has outstanding £42.7 million (approximately $54.1 million at June 30, 2024) of 3.4% Series B Senior Notes due January 22, 2031. Remaining maturities of this note are £6.1 million (approximately $7.7 million at June 30, 2024) due annually through January 2031.

On July 1, 2024, the Company entered into Amendment No. 3 to the Second Amended and Restated Master Note Facility (the “NYL Note Facility”) with NYL Investors. The NYL Note Facility provided for (i) the issuance of $100.0 million of 2.69% Series A Senior Notes due July 1, 2036, and (ii) the establishment of an uncommitted note issuance facility whereby the Company may request, subject to NYL Investors’ acceptance in its sole discretion, the issuance of up to $200.0 million aggregate principal amount of senior unsecured notes.

---

On June 29, 2023, the Company issued $50 million of 5.25% Series B Senior Notes due July 1, 2028, pursuant to the NYL Note Facility (the "Notes"). The Notes bear interest at 5.25% per annum, payable semi-annually, and mature on July 1, 2028. The Notes provide for a principal payment of $25 million on July 1, 2027, with the remaining $25 million due on July 1, 2028. The Notes may be redeemed at the Company’s option prior to their maturity at a make-whole redemption price calculated as provided in the NYL Note Facility. The proceeds of the Notes were used on June 29, 2023, to pay down an equivalent amount of borrowings under the Company’s Revolving Credit Facility with PNC Bank, National Association, as Administrative Agent.

On January 5, 2023, the Company entered into a new $250 million term loan facility to fund the divestiture of MSA LLC, a wholly owned subsidiary. Under the agreement, the Company may elect either BASE or an interest rate based on SOFR. The Company pays a credit spread of 0 to 200 basis points based on the Company's net EBITDA leverage ratio and elected rate. The Company had a Term Loan interest rate of 6.43% as of June 30, 2024.

The Revolving Credit Facility, Prudential Note Agreement and NYL Note Facility require the Company to comply with specified financial covenants, including a requirement to maintain a minimum fixed charges coverage ratio of not less than 1.50 to 1.00 and a consolidated leverage ratio not to exceed 3.50 to 1.00; except during an acquisition period, defined as four consecutive fiscal quarters beginning with the quarter of acquisition, in which case the consolidated net leverage ratio shall not exceed 4.00 to 1.00; in each case calculated on the basis of the trailing four fiscal quarters. In addition, the agreements contain negative covenants limiting the ability of the Company and its subsidiaries to incur additional indebtedness or issue guarantees, create or incur liens, make loans and investments, make acquisitions, transfer or sell assets, enter into transactions with affiliated parties, make changes in its organizational documents that are materially adverse to lenders or modify the nature of the Company's or its subsidiaries' business. All credit facilities exclude MSA LLC prior to the divestiture of this subsidiary on January 5, 2023, as discussed further in Note 17—Commitments and Contingencies to the unaudited condensed consolidated financial statements in Part I Item 1 of this Form 10-Q for further information on this transaction.

As of June 30, 2024, the Company was in full compliance with the restrictive covenants under its various credit agreements.

Changes in goodwill during the six months ended June 30, 2024, were as follows:

(In thousands)			Goodwill
Balance at January 1, 2024			$	627,534
Currency translation			(2,897)
Balance at June 30, 2024			$	624,637

At June 30, 2024, goodwill of $447.6 million and $177.0 million related to the Americas and International reportable segments, respectively.

Changes in intangible assets, net, during the six months ended June 30, 2024, were as follows:

(In thousands)			Intangible Assets
Net balance at January 1, 2024			$	266,134
Amortization expense			(8,967)
Currency translation			(839)
Net balance at June 30, 2024			$	256,328

---

Components of Net periodic benefit (income) cost consisted of the following:

						Pension Benefits												Other Benefits
(In thousands)						2024						2023						2024						2023
Three Months Ended June 30,
Service cost						$	2,315					$	1,884					$	44					$	53
Interest cost						5,970						5,918						248						273
Expected return on plan assets						(10,812)						(9,906)						—						—
Amortization of prior service cost (credit)						37						37						(46)						(61)
Recognized net actuarial losses						282						47						115						138
Settlements						1,308						—						—						—
Net periodic benefit (income) cost (a)						$	(900)					$	(2,020)					$	361					$	403
Six Months Ended June 30,
Service cost						$	4,630					$	3,768					$	88					$	106
Interest cost						11,940						11,836						496						546
Expected return on plan assets						(21,624)						(19,812)						—						—
Amortization of prior service cost (credit)						74						74						(92)						(122)
Recognized net actuarial losses						564						94						230						276
Settlements						1,308						—						—						—
Net periodic benefit (income) cost (a)						$	(3,108)					$	(4,040)					$	722					$	806
(a) Components of Net periodic benefit (income) cost other than service cost are included in the line item Other income, net, and service costs are included in the line items Cost of products sold and Selling, general and administrative in the unaudited Condensed Consolidated Statements of Operations.

As part of our currency exchange rate risk management strategy, we enter into certain derivative foreign currency forward contracts that do not meet the U.S. GAAP criteria for hedge accounting but have the impact of partially offsetting certain of our foreign currency exposures. We account for these forward contracts at fair value and report the related gains or losses in currency exchange (gains) losses, net, in the unaudited Condensed Consolidated Statements of Operations. The notional amount of open forward contracts was $113.6 million and $110.9 million at June 30, 2024, and December 31, 2023, respectively.

The following table presents the unaudited Condensed Consolidated Balance Sheets location and fair value of assets and liabilities associated with derivative financial instruments:

(In thousands)			June 30, 2024						December 31, 2023
Derivatives not designated as hedging instruments:
Foreign exchange contracts: prepaid expenses and other current assets			$	159					$	2,210
Foreign exchange contracts: other current liabilities			882						242

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The following table presents the unaudited Condensed Consolidated Statements of Operations and unaudited Condensed Consolidated Statements of Cash Flows location and the loss (gain) impact of derivative financial instruments:

			Six Months Ended June 30,
(In thousands)			2024						2023
Derivatives not designated as hedging instruments:
Foreign exchange contracts: currency exchange (gains) losses, net			$	3,659					$	123

Fair value is defined 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. The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are:

•Level 1—Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets.

•Level 2—Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

•Level 3—Unobservable inputs for the asset or liability.

The valuation methodologies we used to measure financial assets and liabilities are also used to value the derivative financial instruments described in Note 15—Derivative Financial Instruments. We estimate the fair value of the derivative financial instruments, consisting of foreign currency forward contracts, based upon valuation models with inputs that generally can be verified by observable market conditions and do not involve significant management judgment. Accordingly, the fair values of the derivative financial instruments are classified within Level 2 of the fair value hierarchy. With the exception of our fixed rate long-term debt, we believe that the reported carrying amounts of our financial assets and liabilities approximate their fair values.

The reported carrying amount of our fixed rate long-term debt was $304.1 million and $312.2 million at June 30, 2024, and December 31, 2023, respectively. The fair value of this debt was $263.9 million and $278.7 million at June 30, 2024, and December 31, 2023, respectively. The fair value of this debt was determined using Level 2 inputs by evaluating similarly rated companies with publicly traded bonds where available or current borrowing rates available for financings with similar terms and maturities.

Product liability

The Company and its subsidiaries face an inherent business risk of exposure to legal claims arising from the alleged failure of our products to prevent the types of personal injury or death against which they are designed to protect. Product liability claims are categorized as either single incident or cumulative trauma.

Single incident product liability claims. Single incident product liability claims involve incidents of short duration that are typically known when they occur and involve observable injuries, which provide an objective basis for quantifying damages. Management has established reserves for the single incident product liability claims of the Company's various subsidiaries, including asserted single incident product liability claims and incurred but not reported ("IBNR") single incident claims. To determine the reserves, Management makes reasonable estimates of losses for single incident claims based on the number and characteristics of asserted claims, historical experience, sales volumes, expected settlement costs, and other relevant information. The reserve for single incident product liability claims was $1.4 million at June 30, 2024 and $1.3 million at December 31, 2023. Single incident product liability expense was $0.1 million for both the six months ended June 30, 2024, and 2023. Single incident product liability exposures are evaluated on an annual basis, or more frequently if changing circumstances warrant. Adjustments are made to the reserve as appropriate. The reserve has not been discounted to present value and does not include future amounts which will be spent to defend the claims.

During the second quarter of 2024, the Company recorded $5.0 million of net cost for product related legal matter. The expense is reflected within the selling, general and administration line of the unaudited Condensed Consolidated Statement of Operations.

---

Cumulative trauma product liability claims. Cumulative trauma product liability claims involve alleged exposures to harmful substances (e.g., silica, asbestos and coal dust) that occurred years ago and may have developed over long periods of time into diseases such as silicosis, asbestosis, mesothelioma, or coal worker’s pneumoconiosis. Prior to the divestiture described below, one of the Company's former subsidiaries, MSA LLC, was named as a defendant in various lawsuits related to such claims. These lawsuits mainly involve respiratory protection products allegedly manufactured and sold by MSA LLC or its predecessors.

On January 5, 2023, the Company entered into a membership interest purchase agreement (the “Purchase Agreement”) with Sag Main Holdings, LLC (the “Buyer”). The Buyer was a joint venture between R&Q Insurance Holdings Ltd. (“R&Q”) and Obra Capital, Inc. (“Obra”). Under the Purchase Agreement, on January 5, 2023, the Company transferred to the Buyer all of the issued and outstanding limited liability company interests of MSA LLC (the “Sale”). In connection with the closing, the Company contributed $341.2 million in cash and cash equivalents, while R&Q and Obra contributed an additional $35.0 million.

MSA LLC was the obligor for the claims to which the Company's legacy cumulative trauma product liability reserves relate and policyholder of the related insurance assets. The rights and obligations related to these items remained with MSA LLC upon the sale to the Buyer. In addition, pursuant to the Purchase Agreement, the Buyer and MSA LLC have agreed to indemnify the Company and its affiliates for legacy cumulative trauma product liabilities and other product liabilities, and a subsidiary of the Company has agreed to indemnify MSA LLC for all other historical liabilities of MSA LLC. This indemnification is not subject to any cap or time limitation. In connection with the sale, the Company and its Board of Directors received a solvency opinion from an independent advisory firm that MSA LLC was solvent and adequately capitalized after giving effect to the transaction.

Following the completion of the transaction, the Company no longer has any obligation with respect to pending and future cumulative trauma product liability claims relating to these matters. As such, all legacy cumulative trauma product liability reserves, related insurance assets, and associated deferred tax assets of the divested subsidiary were derecognized from our balance sheet and the Company incurred a tax-effected loss on the divestiture of MSA LLC of $199.6 million, including transaction related costs of $5.6 million. The Buyer has assumed management of the divested subsidiary, including the management of its claims and associated assets.

Other Litigation

Globe, a subsidiary of the Company, is defending claims in which plaintiffs assert that certain products allegedly containing per- and polyfluoroalkyl substances (“PFAS”) have caused harm, including injury or health issues. PFAS are a large class of substances that are widely used in everyday products. Specifically, Globe builds firefighter turnout gear from technical fabrics sourced from a small pool of specialty textile manufacturers. These protective fabrics have been tested and certified to meet current National Fire Protection Association safety standards, and some of them as supplied to Globe contain or historically have contained PFAS to achieve performance characteristics such as water, oil, or chemical resistance.

Globe believes it has valid defenses to these claims. These matters are at a very early stage with numerous factual and legal issues to be resolved. Defense costs relating to these lawsuits are recognized in the unaudited Condensed Consolidated Statements of Operations as incurred. Globe is also pursuing insurance coverage and indemnification related to the lawsuits. As of July 17, 2024, Globe was named as a defendant in 659 lawsuits comprised of 12,137 claims, predominantly styled as individual personal injury claims and including two putative class actions. Certain of these lawsuits include MSA Safety Inc. or other Globe affiliates as defendants.

MSA LLC is also a defendant in a number of PFAS lawsuits predominantly relating to Aqueous Film-Forming Foam. The Buyer assumed responsibility for these and any similar future claims specific to MSA LLC, including such claims that have been or may be brought against MSA Safety Inc. or its subsidiaries, under the terms of the divestiture on January 5, 2023. Further information about the transaction can be found in the Company’s Current Report on Form 8-K filed on January 6, 2023.

---

Product Warranty

The Company provides warranties on certain product sales. Product warranty reserves are established in the same period that revenue from the sale of the related products is recognized, or in the period that a specific issue arises as to the functionality of the Company's product. The determination of such reserves requires the Company to make estimates of product return rates and expected costs to repair or to replace the products under warranty.

The amounts of the reserves are based on established terms and the Company's best estimate of the amounts necessary to settle future and existing claims on products sold as of the balance sheet date. If actual return rates and/or repair and replacement costs differ significantly from estimates, adjustments to recognize additional cost of sales may be required in future periods.

The following table reconciles changes in the Company's accrued warranty reserve:

(In thousands)			Six Months Ended June 30, 2024						Year Ended December 31, 2023
Beginning warranty reserve			$	14,288					$	15,230
Warranty payments			(5,387)						(9,794)
Warranty claims			4,826						8,899
Provision for product warranties and other adjustments			208						(47)
Ending warranty reserve			$	13,935					$	14,288

Warranty expense was $5.0 million and $4.7 million for the six months ended June 30, 2024, and 2023, respectively, and is included in Costs of products sold on the unaudited Condensed Consolidated Statements of Operations.

Outstanding Performance Obligations

The Company derives a portion of its revenue from various leasing arrangements where the Company is the lessor, primarily fire service contracts entered into by Bristol. Such arrangements provide for monthly payments covering equipment provided, maintenance and interest. These arrangements meet the criteria to be accounted for as sales-type leases under Accounting Standards Codification ("ASC") 842 and contain both lease and non-lease components.

Revenue from equipment provided is considered a lease component and recognized with point in time revenue recognition upon lease commencement. Maintenance revenue, which is considered a non-lease component, and interest is recognized monthly over the lease term. As of June 30, 2024, the Company had remaining maintenance performance obligations of approximately $29.5 million which are expected to be recognized to revenue in approximately three years.

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v3.24.2

Cover - shares	6 Months Ended
	Jun. 30, 2024	Jul. 19, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	1-15579
Entity Registrant Name	MSA SAFETY INC
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	46-4914539
Entity Address, Address Line One	1000 Cranberry Woods Drive
Entity Address, City or Town	Cranberry Township,
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	16066-5207
City Area Code	724
Local Phone Number	776-8600
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	MSA
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding (in shares)		39,352,993
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000066570
Current Fiscal Year End Date	--12-31

v3.24.2

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Net sales	$ 462,463	$ 447,299	$ 875,765	$ 845,561
Cost of products sold	239,434	233,503	457,205	450,367
Gross profit	223,029	213,796	418,560	395,194
Selling, general and administrative	105,075	96,336	199,226	187,427
Research and development	17,070	15,992	32,988	31,224
Restructuring charges (Note 3)	1,543	3,350	4,560	5,097
Currency exchange (gains) losses, net	(603)	3,110	1,730	7,285
Loss on divestiture of MSA LLC (Note 17)	0	0	0	129,211
Product liability expense (Note 17)	0	0	0	3
Operating income	99,944	95,008	180,056	34,947
Interest expense	9,664	13,175	20,403	24,651
Other income, net	(4,148)	(5,650)	(10,382)	(9,450)
Total other expense, net	5,516	7,525	10,021	15,201
Income before income taxes	94,428	87,483	170,035	19,746
Provision for income taxes (Note 10)	22,194	20,393	39,662	102,829
Net income (loss)	$ 72,234	$ 67,090	$ 130,373	$ (83,083)
Earnings (loss) per share attributable to common shareholders (Note 9):
Basic (in dollars per share)	$ 1.83	$ 1.71	$ 3.31	$ (2.12)
Diluted (in dollars per share)	1.83	1.70	3.30	(2.12)
Dividends per common share (in dollars per share)	$ 0.51	$ 0.47	$ 0.98	$ 0.93

v3.24.2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 72,234	$ 67,090	$ 130,373	$ (83,083)
Other comprehensive (loss) gain, net of tax:
Foreign currency translation adjustments (Note 6)	(8,822)	5,039	(19,495)	16,233
Pension and post-retirement plan adjustments, net of tax (Note 6)	2,022	115	2,396	554
Unrealized gain on available-for-sale securities (Note 6)	0	0	0	2
Reclassification of currency translation from accumulated other comprehensive loss into net income (Note 6)	(1,200)	0	(1,200)	0
Total other comprehensive (loss) gain, net of tax	(8,000)	5,154	(18,299)	16,789
Comprehensive income (loss)	$ 64,234	$ 72,244	$ 112,074	$ (66,294)

v3.24.2

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 146,830	$ 146,442
Trade receivables, less allowance for credit loss of $7,692 and $7,065	299,053	294,678
Inventories (Note 4)	320,899	292,604
Prepaid income taxes	39,772	12,912
Prepaid expenses and other current assets	54,891	39,634
Total current assets	861,445	786,270
Property, plant and equipment, net (Note 5)	213,159	211,877
Operating lease right-of-use assets, net	56,058	53,298
Prepaid pension cost (Note 14)	180,182	172,161
Deferred tax assets (Note 10)	33,712	33,065
Goodwill (Note 13)	624,637	627,534
Intangible assets, net (Note 13)	256,328	266,134
Other noncurrent assets	18,050	19,811
Total assets	2,243,571	2,170,150
Liabilities
Notes payable and current portion of long-term debt (Note 12)	26,472	26,522
Accounts payable	131,774	111,872
Employees’ compensation	42,377	73,386
Income taxes payable (Note 10)	41,105	19,972
Other current liabilities	110,023	101,066
Total current liabilities	351,751	332,818
Long-term debt, net (Note 12)	561,771	575,170
Pensions and other employee benefits (Note 14)	141,262	143,967
Noncurrent operating lease liabilities	46,418	44,495
Deferred tax liabilities (Note 10)	102,334	102,419
Other noncurrent liabilities	6,388	4,479
Total liabilities	1,209,924	1,203,348
Equity
Preferred stock, 4.5% cumulative, $50 par value (Note 7)	3,569	3,569
Common stock, no par value (Note 7)	320,556	312,324
Treasury shares, at cost (Note 7)	(378,156)	(363,284)
Accumulated other comprehensive loss (Note 6)	(147,548)	(129,249)
Retained earnings	1,235,226	1,143,442
Total shareholders’ equity	1,033,647	966,802
Total liabilities and shareholders’ equity	$ 2,243,571	$ 2,170,150

v3.24.2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Trade receivables, allowance for credit loss	$ 7,692	$ 7,065
Cumulative preferred stock (percent)	4.50%	4.50%
Preferred stock, par value (dollars per share)	$ 50,000	$ 50,000

v3.24.2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating Activities
Net income (loss)	$ 130,373	$ (83,083)
Depreciation and amortization	31,605	29,461
Tax-effected loss on divestiture of MSA LLC (Note 17)	0	199,578
Stock-based compensation (Note 11)	9,229	13,029
Pension income (Note 14)	(3,108)	(4,040)
Deferred income tax benefit (Note 10)	(2,226)	(393)
Loss (gain) on asset dispositions, net	752	(713)
Pension contributions (Note 14)	(2,632)	(4,092)
Currency exchange losses, net	1,730	7,285
Product liability expense (Note 17)	0	3
Product liability payments (Note 17)	0	(5,250)
Contribution on divestiture of MSA LLC (Note 17)	0	(341,186)
Changes in:
Trade receivables	(15,798)	(10,410)
Inventories (Note 4)	(32,798)	5,896
Accounts payable	20,980	(6,756)
Other current assets and liabilities	(35,109)	5,943
Other noncurrent assets and liabilities	1,190	3,887
Cash Flow From (Used in) Operating Activities	104,188	(190,841)
Investing Activities
Capital expenditures	(25,560)	(18,322)
Property disposals and other investing	74	2,674
Cash Flow Used in Investing Activities	(25,486)	(15,648)
Financing Activities
Proceeds from long-term debt (Note 12)	598,000	1,108,000
Payments on long-term debt (Note 12)	(611,260)	(871,102)
Debt issuance costs	0	(963)
Cash dividends paid	(38,589)	(36,514)
Company stock purchases (Note 7)	(16,829)	(3,871)
Exercise of stock options (Note 7)	326	542
Employee stock purchase plan (Note 7)	634	497
Cash Flow (Used in) From Financing Activities	(67,718)	196,589
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(10,557)	(5,651)
Increase (decrease) in cash, cash equivalents and restricted cash	427	(15,551)
Beginning cash, cash equivalents and restricted cash	148,408	164,428
Ending cash, cash equivalents and restricted cash	148,835	148,877
Supplemental cash flow information:
Cash and cash equivalents	146,830	146,897
Restricted cash included in prepaid expenses and other current assets	2,005	1,980
Total cash, cash equivalents and restricted cash	$ 148,835	$ 148,877

v3.24.2

Condensed Consolidated Statements of Changes in Retained Earnings, Accumulated Other Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	$ 72,234	$ 67,090	$ 130,373	$ (83,083)
Pension and post-retirement plan adjustments, net of tax	2,022	115	2,396	554
Reclassification from accumulated other comprehensive loss into net income (loss)(b)	(1,200)	0	(1,200)	0
Preferred dividends	(10)	(10)	(20)	(20)
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	1,183,091	990,129	1,143,442	1,158,347
Net loss	72,234	67,090	130,373	(83,083)
Common dividends	(20,089)	(18,459)	(38,569)	(36,494)
Preferred dividends	(10)	(10)	(20)	(20)
Ending balance	1,235,226	1,038,750	1,235,226	1,038,750
Accumulated Other Comprehensive (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(139,548)	(147,082)	(129,249)	(158,717)
Foreign currency translation adjustments	(8,822)	5,039	(19,495)	16,233
Pension and post-retirement plan adjustments, net of tax	2,022	115	2,396	554
Unrealized net gains (losses) on available-for-sale securities				2
Reclassification from accumulated other comprehensive loss into net income (loss)(b)	(1,200)		(1,200)
Ending balance	$ (147,548)	$ (141,928)	$ (147,548)	$ (141,928)

v3.24.2

Condensed Consolidated Statements of Changes in Retained Earnings, Accumulated Other Comprehensive Loss (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Stockholders' Equity [Abstract]
Tax reclassification adjustment	$ 240	$ 46	$ 254	$ 232
Common stock, dividends (in dollars per share)	$ 0.51	$ 0.47	$ 0.98	$ 0.93
Preferred stock, dividends (in dollars per share)	$ 0.5625	$ 0.5625	$ 1.125	$ 1.125

v3.24.2

Basis of Presentation	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of PresentationThe condensed consolidated financial statements of MSA Safety Incorporated and its subsidiaries ("MSA" or "the Company") are unaudited. These unaudited condensed consolidated financial statements include all adjustments, consisting of normal recurring adjustments, considered necessary by management to fairly state the Company's results. Intercompany accounts and transactions have been eliminated. The results reported in these unaudited condensed consolidated financial statements are not necessarily indicative of the results that may be expected for the entire year. The December 31, 2023, Balance Sheet data was derived from the audited Consolidated Balance Sheets, but does not include all disclosures required by accounting principles generally accepted in the United States of America ("U.S. GAAP"). This Form 10-Q report should be read in conjunction with MSA's Form 10-K for the year ended December 31, 2023, which includes all disclosures required by U.S. GAAP.

v3.24.2

Cash and Cash Equivalents	6 Months Ended
	Jun. 30, 2024
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	Cash and Cash Equivalents Several of the Company's subsidiaries participate in a notional cash pooling arrangement to manage global liquidity requirements. As part of a master netting arrangement, the participants combine their cash balances in pooling accounts at the same financial institution with the ability to offset bank overdrafts of one participant against positive cash account balances held by another participant. Under the terms of the master netting arrangement, the financial institution has the right, ability and intent to offset a positive balance in one account against an overdrawn amount in another account. Amounts in each of the accounts are unencumbered and unrestricted with respect to use. As such, the net cash balance related to this pooling arrangement is included in Cash and cash equivalents in the unaudited Condensed Consolidated Balance Sheets. The Company's net cash pool position consisted of the following: (In thousands) June 30, 2024 Gross cash pool position $ 96,109  Less: cash pool borrowings (91,690) Net cash pool position $ 4,419

v3.24.2

Restructuring Charges	6 Months Ended
	Jun. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring Charges	Restructuring Charges During the three and six months ended June 30, 2024, we recorded restructuring charges of $1.5 million and $4.6 million, respectively. Americas segment restructuring charges of $0.8 million during the six months ended June 30, 2024, were related to manufacturing footprint optimization activities. International segment restructuring charges of $2.9 million during the six months ended June 30, 2024, were related to ongoing initiatives to optimize our manufacturing footprint and improve productivity as well as management restructuring. Corporate segment restructuring charges of $0.9 million during the six months ended June 30, 2024, were related to management restructuring. During the three and six months ended June 30, 2023, we recorded restructuring charges of $3.4 million and $5.1 million, respectively. Americas segment restructuring charges of $2.2 million during the six months ended June 30, 2023, were related to manufacturing footprint optimization activities. International segment restructuring charges of $1.5 million during the six months ended June 30, 2023, were related to ongoing initiatives to drive profitable growth and rightsize our operations including the expansion of our European Shared Service Center in Warsaw, Poland. Restructuring reserves are included in Other current liabilities in the accompanying unaudited Condensed Consolidated Balance Sheets. Activity and reserve balances for restructuring by segment were as follows: (In millions) Americas International Corporate Total Reserve balances at December 31, 2022 $ 1.7  $ 12.8  $ 0.5  $ 15.0  Restructuring charges 3.1  4.7  2.1  9.9  Currency translation (0.1) 0.1  —  —  Cash payments / utilization (3.9) (8.6) (2.6) (15.1) Reserve balances at December 31, 2023 $ 0.8  $ 9.0  $ —  $ 9.8  Restructuring charges 0.8  2.9  0.9  4.6  Currency translation (0.1) (0.2) —  (0.3) Cash payments (1.2) (5.5) (0.9) (7.6) Reserve balances at June 30, 2024 $ 0.3  $ 6.2  $ —  $ 6.5

v3.24.2

Inventories	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories The following table sets forth the components of inventory: (In thousands) June 30, 2024 December 31, 2023 Finished products $ 104,057  $ 88,687  Work in process 18,704  15,378  Raw materials and supplies 198,138  188,539  Total inventories $ 320,899  $ 292,604

v3.24.2

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment The following table sets forth the components of property, plant and equipment, net: (In thousands) June 30, 2024 December 31, 2023 Land $ 4,292  $ 4,332  Buildings 142,335  141,027  Machinery and equipment 496,349  498,148  Construction in progress 26,334  24,404  Total 669,310  667,911  Less: accumulated depreciation (456,151) (456,034) Property, plant and equipment, net $ 213,159  $ 211,877

v3.24.2

Reclassifications Out of Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Reclassifications Out of Accumulated Other Comprehensive Loss	Reclassifications Out of Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss were as follows: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2024 2023 2024 2023 Pension and other post-retirement benefits (a) Balance at beginning of period $ (42,278) $ (49,896) $ (42,652) $ (50,335) Amounts reclassified from accumulated other comprehensive loss into net income (loss): Amortization of prior service credit (Note 14) (9) (24) (18) (48) Recognized net actuarial losses (Note 14) 2,271  185  2,668  370  Tax (benefit) expense (240) (46) (254) 232  Total amount reclassified from accumulated other comprehensive loss, net of tax, into net income (loss) 2,022  115  2,396  554  Balance at end of period $ (40,256) $ (49,781) $ (40,256) $ (49,781) Available-for-sale securities Balance at beginning of period $ —  $ —  $ —  $ (2) Unrealized net gains on available-for-sale securities (Note 16) —  —  —  2  Balance at end of period $ —  $ —  $ —  $ —  Foreign currency translation Balance at beginning of period $ (97,270) $ (97,186) $ (86,597) $ (108,380) Reclassification from accumulated other comprehensive loss into net income (loss)(b) (1,200) —  (1,200) —  Foreign currency translation adjustments (8,822) 5,039  (19,495) 16,233  Balance at end of period $ (107,292) $ (92,147) $ (107,292) $ (92,147) (a) Amounts reclassified from accumulated other comprehensive loss into net income (loss) are included in the computation of net periodic pension and other post-retirement benefit costs (refer to Note 14—Pensions and Other Post-retirement Benefits). (b) Reclassification from accumulated other comprehensive loss into net income (loss) relates primarily to the recognition of non-cash net cumulative translation gains associated with certain foreign subsidiaries. The reclassifications are included in Currency exchange (gains) losses, net, within the unaudited Condensed Consolidated Statements of Income.

v3.24.2

Capital Stock	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Capital Stock	Capital Stock Preferred Stock - The Company has authorized 100,000 shares of $50 par value 4.5% cumulative preferred nonvoting stock which is callable at $52.50. There were 71,340 shares issued and 52,998 shares held in treasury at both June 30, 2024 and December 31, 2023. The Treasury shares at cost line in the unaudited Condensed Consolidated Balance Sheets includes $1.8 million related to preferred stock. There were no shares of preferred stock purchased and subsequently held in treasury during the six months ended June 30, 2024 or 2023. The Company has also authorized 1,000,000 shares of $10 par value second cumulative preferred voting stock. No shares have been issued as of June 30, 2024, or December 31, 2023. Common Stock - The Company has authorized 180,000,000 shares of no par value common stock. There were 62,081,391 shares issued as of June 30, 2024 and December 31, 2023. No new shares were issued during the six months ended June 30, 2024 or 2023. There were 39,349,528 and 39,317,212 shares outstanding at June 30, 2024 and December 31, 2023, respectively. Treasury Shares - The Company has a stock repurchase program that authorizes up to $200.0 million to repurchase MSA common stock in the open market and in private transactions. The stock repurchase program has no expiration date. The maximum number of shares that may be repurchased is calculated based on the dollars remaining under the program and the respective month-end closing share price. During the six months ended June 30, 2024, and 2023, the Company repurchased 52,561 and no shares, respectively, under this program. There were 22,731,863 and 22,764,179 treasury shares at June 30, 2024 and December 31, 2023, respectively. The Company issues treasury shares for all stock-based benefit plans. Shares are issued from treasury at the average treasury share cost on the date of the transaction. There were 121,790 and 105,894 Treasury shares issued for these purposes during the six months ended June 30, 2024 and 2023, respectively. Common stock activity is summarized as follows: Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 (In thousands) Common Stock Treasury Cost(a) Common Stock Treasury Cost(a) Balance at beginning of period $ 315,241  $ (365,999) $ 287,009  $ (362,280) Stock compensation expense 5,042  —  6,759  —  Restricted and performance stock awards (348) 348  (190) 190  Stock options exercised 47  27  354  184  Treasury shares purchased for stock compensation programs —  (992) —  (184) Employee stock purchase program 574  60  432  65  Share repurchase program —  (10,000) —  —  Balance at end of period $ 320,556  $ (376,556) $ 294,364  $ (362,025) (a)Excludes treasury cost related to preferred stock. Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 (In thousands) Common Stock Treasury Cost(a) Common Stock Treasury Cost(a) Balance at beginning of period $ 312,324  $ (361,684) $ 281,980  $ (359,838) Stock compensation expense 9,229  —  13,029  —  Restricted and performance stock awards (1,783) 1,783  (1,434) 1,434  Stock options exercised 212  114  357  185  Treasury shares purchased for stock compensation programs —  (6,829) —  (3,871) Employee stock purchase program 574  60  432  65  Share repurchase program —  (10,000) —  —  Balance at end of period $ 320,556  $ (376,556) $ 294,364  $ (362,025) (a)Excludes treasury cost related to preferred stock.

v3.24.2

Segment Information	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information The Company is organized into four geographical operating segments that are based on management responsibilities: Northern North America; Latin America; Europe, Middle East & Africa; and Asia Pacific. The operating segments have been aggregated (based on economic similarities, the nature of their products, end-user markets and methods of distribution) into three reportable segments: Americas, International, and Corporate. The Americas segment is comprised of our operations in Northern North American and Latin American geographies. The International segment is comprised of our operations in all geographies outside of the Americas. Certain global expenses are allocated to each segment in a manner consistent with where the benefits from the expenses are derived. The Company's sales are allocated to each segment based primarily on the country destination of the end-customer. Adjusted operating income (loss), adjusted operating margin, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) and adjusted EBITDA margin are the measures used by the chief operating decision maker to evaluate segment performance and allocate resources. Adjusted operating income (loss) is defined as operating income (loss) excluding restructuring charges, currency exchange (gains) losses, product liability expense, loss on divestiture of Mine Safety Appliances Company, LLC ("MSA LLC"), net cost for product related legal matter, transaction costs and acquisition-related amortization. Adjusted operating margin is defined as adjusted operating income (loss) divided by segment net sales to external customers. Adjusted EBITDA is defined as adjusted operating income (loss) plus depreciation and amortization. Adjusted EBITDA margin is defined as adjusted EBITDA divided by segment net sales to external customers. The accounting principles applied at the operating segment level in determining operating income (loss) are generally the same as those applied at the unaudited condensed consolidated financial statement level. Sales and transfers between operating segments are accounted for at market-based transaction prices and are eliminated in consolidation. Reportable segment information is presented in the following table: (In thousands, except percentages) Americas International Corporate Consolidated Totals Three Months Ended June 30, 2024 Net sales to external customers $ 314,711  $ 147,752  $ —  $ 462,463  Operating income 99,944  Restructuring charges (Note 3) 1,543  Currency exchange gains, net (603) Net cost for product related legal matter 5,000  Amortization of acquisition-related intangible assets 2,306  Adjusted operating income (loss) 98,468  24,285  (14,563) 108,190  Adjusted operating margin % 31.3  % 16.4  % Depreciation and amortization 13,741  Adjusted EBITDA 108,230  28,052  (14,351) 121,931  Adjusted EBITDA margin % 34.4  % 19.0  % Three Months Ended June 30, 2023 Net sales to external customers $ 308,378  $ 138,921  $ —  $ 447,299  Operating income 95,008  Restructuring charges (Note 3) 3,350  Currency exchange losses, net 3,110  Amortization of acquisition-related intangible assets 2,315  Adjusted operating income (loss) 94,816  21,743  (12,776) 103,783  Adjusted operating margin % 30.7  % 15.7  % Depreciation and amortization 12,574  Adjusted EBITDA 103,977  24,949  (12,569) 116,357  Adjusted EBITDA margin % 33.7  % 18.0  % (In thousands, except percentages) Americas International Corporate Consolidated Totals Six Months Ended June 30, 2024 Net sales to external customers $ 610,249  $ 265,516  $ —  $ 875,765  Operating income 180,056  Restructuring charges (Note 3) 4,560  Currency exchange losses, net 1,730  Net cost for product related legal matter 5,000  Amortization of acquisition-related intangible assets 4,620  Transaction costs(a) 234  Adjusted operating income (loss) 184,688  37,770  (26,258) 196,200  Adjusted operating margin % 30.3  % 14.2  % Depreciation and amortization 26,985  Adjusted EBITDA 203,923  45,097  (25,835) 223,185  Adjusted EBITDA margin % 33.4  % 17.0  % Six Months Ended June 30, 2023 Net sales to external customers $ 588,645  $ 256,916  $ —  $ 845,561  Operating income 34,947  Restructuring charges (Note 3) 5,097  Currency exchange losses, net 7,285  Loss on divestiture of MSA LLC (Note 17) 129,211  Product liability expense (Note 17) 3  Amortization of acquisition-related intangible assets 4,620  Adjusted operating income (loss) 166,510  37,522  (22,869) 181,163  Adjusted operating margin % 28.3  % 14.6  % Depreciation and amortization 24,841  Adjusted EBITDA 184,471  44,007  (22,474) 206,004  Adjusted EBITDA margin % 31.3  % 17.1  % (a) Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the unaudited Condensed Consolidated Statements of Operations. Total sales by product group was as follows: Three Months Ended June 30, 2024 Consolidated Americas International (In thousands, except percentages) Dollars Percent Dollars Percent Dollars Percent Fire Service (a) $ 172,269  37% $ 118,487  38% $ 53,782  37% Detection (b) 170,848  37% 111,405  35% 59,443  40% Industrial PPE and Other (c) 119,346  26% 84,819  27% 34,527  23% Total $ 462,463  100% $ 314,711  100% $ 147,752  100% Three Months Ended June 30, 2023 Consolidated Americas International (In thousands, except percentages) Dollars Percent Dollars Percent Dollars Percent Fire Service (a) $ 166,490  37% $ 121,157  39% $ 45,333  33% Detection (b) 158,242  35% 104,374  34% 53,868  39% Industrial PPE and Other (c) 122,567  28% 82,847  27% 39,720  28% Total $ 447,299  100% $ 308,378  100% $ 138,921  100% Six Months Ended June 30, 2024 Consolidated Americas International (In thousands, except percentages) Dollars Percent Dollars Percent Dollars Percent Fire Service (a) $ 335,962  39% $ 240,738  39% $ 95,224  36% Detection (b) 310,064  35% 207,700  34% 102,364  38% Industrial PPE and Other (c) 229,739  26% 161,811  27% 67,928  26% Total $ 875,765  100% $ 610,249  100% $ 265,516  100% Six Months Ended June 30, 2023 Consolidated Americas International (In thousands, except percentages) Dollars Percent Dollars Percent Dollars Percent Fire Service (a) $ 305,878  36% $ 223,213  38% $ 82,665  32% Detection (b) 304,843  36% 203,685  35% 101,158  39% Industrial PPE and Other (c) 234,840  28% 161,747  27% 73,093  29% Total $ 845,561  100% $ 588,645  100% $ 256,916  100% (a) Fire Service includes Breathing Apparatus and Firefighter Helmets and Protective Apparel. (b) Detection includes Fixed Gas and Flame Detection and Portable Gas detection. (c) Industrial PPE and Other includes Industrial Head Protection, Fall Protection and Non-Core.

v3.24.2

Earnings (Loss) per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings (Loss) per Share	Earnings (Loss) per Share Basic earnings (loss) per share is computed by dividing net income, after the deduction of preferred stock dividends and undistributed earnings allocated to participating securities, by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share assumes the issuance of common stock for all potentially dilutive share equivalents outstanding not classified as participating securities. Participating securities are defined as unvested stock-based compensation awards that contain nonforfeitable rights to dividends. Three Months Ended June 30, Six Months Ended June 30, (In thousands, except per share values) 2024 2023 2024 2023 Net income (loss) $ 72,234  $ 67,090  $ 130,373  $ (83,083) Preferred stock dividends (10) (10) (20) (20) Net income (loss) attributable to common equity 72,224  67,080  130,353  (83,103) Dividends and undistributed earnings allocated to participating securities (6) (8) (13) (8) Net income (loss) attributable to common shareholders 72,218  67,072  130,340  (83,111) Basic weighted-average shares outstanding 39,389  39,274  39,375  39,249  Stock-based compensation awards (a) 152  135  174  —  Diluted weighted-average shares outstanding 39,541  39,409  39,549  39,249  Antidilutive shares —  —  —  158  Earnings (loss) per share: Basic $ 1.83  $ 1.71  $ 3.31  $ (2.12) Diluted $ 1.83  $ 1.70  $ 3.30  $ (2.12) (a) During periods in which the Company incurs a net loss, stock-based compensation awards are excluded from the computation of diluted earnings per share because their effect would be anti-dilutive. As such, during periods in which the Company incurs a net loss, diluted weighted-average shares outstanding are equivalent to basic weighted-average shares outstanding.

v3.24.2

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company's effective tax rate for the three months ended June 30, 2024, was 23.5%, which differs from the United States of America ("U.S.") federal statutory rate of 21% primarily due to state income taxes. The Company's effective tax rate for the three months ended June 30, 2023, was 23.3%, which differs from the U.S. federal statutory rate of 21% primarily due to state income taxes. The Company's effective tax rate for the six months ended June 30, 2024, was 23.3%, which differs from the United States of America ("U.S.") federal statutory rate of 21% primarily due to state income taxes and nondeductible compensation. The Company's effective tax rate for the six months ended June 30, 2023, was 520.8%, which differs from the U.S. federal statutory rate of 21% primarily due to the divestiture of MSA LLC and the non-deductible loss recorded on the derecognition of the product liability reserves and related assets. Refer to Note 17—Commitments and Contingencies to the unaudited condensed consolidated financial statements in Part I Item 1 of this Form 10-Q for further information on this transaction. At June 30, 2024, the Company had a gross liability for unrecognized tax benefits of $7.3 million. The Company has recognized tax benefits associated with these liabilities of $0.6 million at June 30, 2024. The gross liability includes amounts associated with foreign tax exposure in prior periods. The Company recognizes interest and penalties related to unrecognized tax benefits in interest expense and operating expenses, respectively. The Company's liability for accrued interest related to uncertain tax positions was $0.2 million at June 30, 2024. We are subject to regular review and audit by both foreign and domestic tax authorities. While we believe our tax positions will be sustained, the final outcome of tax audits and related litigation may differ materially from the tax amounts recorded in our unaudited condensed consolidated financial statements.

v3.24.2

Stock Plans	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock Plans	Stock Plans The 2023 Management Equity Incentive Plan provides for various forms of stock-based compensation for eligible employees through May 2033 including stock options, restricted stock awards, restricted stock units and performance stock units. The 2017 Non-Employee Directors’ Equity Incentive Plan provides for grants of stock options, restricted stock awards and restricted stock units to non-employee directors through May 2027. Stock compensation expense, included in Selling, general and administrative expense in the unaudited Condensed Consolidated Statements of Operations, is as follows:   Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2024 2023 2024 2023 Stock compensation expense $ 5,042  $ 6,759  $ 9,229  $ 13,029  Income tax benefit 1,235  1,656  2,261  3,192  Stock compensation expense, net of tax $ 3,807  $ 5,103  $ 6,968  $ 9,837  We have not capitalized any stock-based compensation expense. A summary of stock option activity for the six months ended June 30, 2024, is as follows: Shares Weighted Average Exercise Price Outstanding at January 1, 2024 26,536  $ 45.95  Exercised (7,070) 46.13  Forfeited (852) 48.65  Outstanding and exercisable at June 30, 2024 18,614  $ 45.76  Restricted stock awards and restricted stock units are valued at the market value of the stock on the grant date. A summary of restricted stock activity for the six months ended June 30, 2024, is as follows: Shares Weighted Average Grant Date Fair Value Unvested at January 1, 2024 173,851  $ 142.73  Granted 81,658  178.52  Vested (43,946) 165.12  Forfeited (21,904) 166.54  Unvested at June 30, 2024 189,659  $ 150.08  Performance stock units that have a market condition modifier are valued at an estimated fair value using a Monte Carlo model. The final number of shares to be issued for performance stock units granted in the first quarter of 2024 may range from 0% to 200% of the target award based on achieving the specified performance targets over the performance period plus an additional modifier based on total shareholder return ("TSR") over the performance period. The following weighted average assumptions were used in estimating the fair value of the performance stock units granted in the first quarter of 2024. Fair value per unit $181.31 Risk-free interest rate 4.34% Expected dividend yield 1.19% Expected volatility 25.9% MSA stock beta 0.728 The risk-free interest rate is based on the U.S. Treasury Constant Maturity rates as of the grant date converted into an implied spot rate yield curve. Expected dividend yield is based on the most recent annualized dividend divided by the one year average closing share price. Expected volatility is based on the three year historical volatility preceding the grant date using daily stock prices. Expected life is based on historical stock option exercise data. A summary of performance stock unit activity for the six months ended June 30, 2024, is as follows: Shares Weighted Average Grant Date Fair Value Unvested at January 1, 2024 189,221  $ 146.17  Granted 40,231  177.30  Performance adjustments(a) 21,143  193.10  Vested (78,199) 174.03  Forfeited (5,895) 158.69  Unvested at June 30, 2024 166,501  $ 146.13  (a)Performance adjustments relate primarily to the final number of shares issued for the 2021 performance unit awards which vested in the first quarter of 2024 at 174% of the target award based on both cumulative performance against EBITDA margin and revenue growth targets and MSA's TSR during the three-year performance period.

v3.24.2

Long-Term Debt	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt (In thousands) June 30, 2024 December 31, 2023 2016 Senior Notes payable through 2031, 3.40%, net of debt issuance costs $ 53,966  $ 62,081  2021 Senior Notes payable through 2036, 2.69%, net of debt issuance costs 99,743  99,733  2021 Senior Notes payable through 2036, 2.69%, net of debt issuance costs 99,743  99,733  2023 Term Loan credit agreement maturing in 2026, net of debt issuance costs 218,238  230,604  2023 Senior Notes payable through 2028, 5.25%, net of debt issuance costs 49,946  49,939  Senior revolving credit facility maturing in 2026, net of debt issuance costs 66,607  59,602  Total 588,243  601,692  Amounts due within one year 26,472  26,522  Long-term debt, net of debt issuance costs $ 561,771  $ 575,170  On May 24, 2021, the Company entered into a Fourth Amended and Restated Credit Agreement (the “Revolving Credit Facility" or "Facility”) that extended its term through May 24, 2026 and increased the capacity to $900.0 million. The agreement was amended in August 2021 and June 2023 to transition from Sterling LIBOR reference rates and U.S. LIBOR reference rates. Under the amended agreement, the Company may elect either a Base rate of interest (“BASE”) or an interest rate based on Secured Overnight Financing Rate (“SOFR”). The BASE is a daily fluctuating per annum rate equal to the highest of (i) 0.00%, (ii) the Overnight Bank Funding Rate, plus 0.5%, (iii) the Prime Rate (iv) the Daily Simple SOFR rate, plus 1.00%. The Company pays a credit spread of 0 to 175 basis points based on the Company’s net EBITDA leverage ratio and elected rate (BASE or SOFR). The Company has a weighted average revolver interest rate of 6.23% as of June 30, 2024. At June 30, 2024, $831.4 million of the existing $900.0 million Revolving Credit Facility was unused, including letters of credit issued under the Facility. The Facility also provides an accordion feature that allows the Company to access an additional $400.0 million of capacity pending approval by MSA’s board of directors and from the bank group. On July 1, 2024, the Company entered into Amendment No. 3 to the Third Amended and Restated Multi-Currency Note Purchase and Private Shelf Agreement (the “Prudential Note Agreement”) with PGIM, Inc. (“Prudential”). The Prudential Note Agreement provided for (i) the issuance of $100.0 million of 2.69% Series C Senior Notes due July 1, 2036 and (ii) the establishment of an uncommitted note issuance facility whereby the Company may request, subject to Prudential’s acceptance in its sole discretion, the issuance of up to $335.0 million aggregate principal amount of senior unsecured notes. As of June 30, 2024, the Company has outstanding £42.7 million (approximately $54.1 million at June 30, 2024) of 3.4% Series B Senior Notes due January 22, 2031. Remaining maturities of this note are £6.1 million (approximately $7.7 million at June 30, 2024) due annually through January 2031. On July 1, 2024, the Company entered into Amendment No. 3 to the Second Amended and Restated Master Note Facility (the “NYL Note Facility”) with NYL Investors. The NYL Note Facility provided for (i) the issuance of $100.0 million of 2.69% Series A Senior Notes due July 1, 2036, and (ii) the establishment of an uncommitted note issuance facility whereby the Company may request, subject to NYL Investors’ acceptance in its sole discretion, the issuance of up to $200.0 million aggregate principal amount of senior unsecured notes. On June 29, 2023, the Company issued $50 million of 5.25% Series B Senior Notes due July 1, 2028, pursuant to the NYL Note Facility (the "Notes"). The Notes bear interest at 5.25% per annum, payable semi-annually, and mature on July 1, 2028. The Notes provide for a principal payment of $25 million on July 1, 2027, with the remaining $25 million due on July 1, 2028. The Notes may be redeemed at the Company’s option prior to their maturity at a make-whole redemption price calculated as provided in the NYL Note Facility. The proceeds of the Notes were used on June 29, 2023, to pay down an equivalent amount of borrowings under the Company’s Revolving Credit Facility with PNC Bank, National Association, as Administrative Agent. On January 5, 2023, the Company entered into a new $250 million term loan facility to fund the divestiture of MSA LLC, a wholly owned subsidiary. Under the agreement, the Company may elect either BASE or an interest rate based on SOFR. The Company pays a credit spread of 0 to 200 basis points based on the Company's net EBITDA leverage ratio and elected rate. The Company had a Term Loan interest rate of 6.43% as of June 30, 2024. The Revolving Credit Facility, Prudential Note Agreement and NYL Note Facility require the Company to comply with specified financial covenants, including a requirement to maintain a minimum fixed charges coverage ratio of not less than 1.50 to 1.00 and a consolidated leverage ratio not to exceed 3.50 to 1.00; except during an acquisition period, defined as four consecutive fiscal quarters beginning with the quarter of acquisition, in which case the consolidated net leverage ratio shall not exceed 4.00 to 1.00; in each case calculated on the basis of the trailing four fiscal quarters. In addition, the agreements contain negative covenants limiting the ability of the Company and its subsidiaries to incur additional indebtedness or issue guarantees, create or incur liens, make loans and investments, make acquisitions, transfer or sell assets, enter into transactions with affiliated parties, make changes in its organizational documents that are materially adverse to lenders or modify the nature of the Company's or its subsidiaries' business. All credit facilities exclude MSA LLC prior to the divestiture of this subsidiary on January 5, 2023, as discussed further in Note 17—Commitments and Contingencies to the unaudited condensed consolidated financial statements in Part I Item 1 of this Form 10-Q for further information on this transaction. As of June 30, 2024, the Company was in full compliance with the restrictive covenants under its various credit agreements. The Company had outstanding bank guarantees and standby letters of credit with banks as of June 30, 2024, totaling $10.2 million, of which $1.1 million relate to the Revolving Credit Facility. The letters of credit serve to cover customer requirements in connection with certain sales orders and insurance companies. The Company is also required to provide cash collateral in connection with certain arrangements. At June 30, 2024, the Company has $2.0 million of restricted cash in support of these arrangements.

v3.24.2

Goodwill and Intangible Assets, Net	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	Goodwill and Intangible Assets, Net Changes in goodwill during the six months ended June 30, 2024, were as follows: (In thousands) Goodwill Balance at January 1, 2024 $ 627,534  Currency translation (2,897) Balance at June 30, 2024 $ 624,637  At June 30, 2024, goodwill of $447.6 million and $177.0 million related to the Americas and International reportable segments, respectively. Changes in intangible assets, net, during the six months ended June 30, 2024, were as follows: (In thousands) Intangible Assets Net balance at January 1, 2024 $ 266,134  Amortization expense (8,967) Currency translation (839) Net balance at June 30, 2024 $ 256,328  At June 30, 2024, intangible assets, net, includes a trade name related to Globe Manufacturing Company, LLC ("Globe") with an indefinite life totaling $60.0 million

v3.24.2

Pensions and Other Post-retirement Benefits	6 Months Ended
	Jun. 30, 2024
Retirement Benefits [Abstract]
Pensions and Other Post-retirement Benefits	Pensions and Other Post-retirement Benefits Components of Net periodic benefit (income) cost consisted of the following:   Pension Benefits Other Benefits (In thousands) 2024 2023 2024 2023 Three Months Ended June 30, Service cost $ 2,315  $ 1,884  $ 44  $ 53  Interest cost 5,970  5,918  248  273  Expected return on plan assets (10,812) (9,906) —  —  Amortization of prior service cost (credit) 37  37  (46) (61) Recognized net actuarial losses 282  47  115  138  Settlements 1,308  —  —  —  Net periodic benefit (income) cost (a) $ (900) $ (2,020) $ 361  $ 403  Six Months Ended June 30, Service cost $ 4,630  $ 3,768  $ 88  $ 106  Interest cost 11,940  11,836  496  546  Expected return on plan assets (21,624) (19,812) —  —  Amortization of prior service cost (credit) 74  74  (92) (122) Recognized net actuarial losses 564  94  230  276  Settlements 1,308  —  —  —  Net periodic benefit (income) cost (a) $ (3,108) $ (4,040) $ 722  $ 806  (a) Components of Net periodic benefit (income) cost other than service cost are included in the line item Other income, net, and service costs are included in the line items Cost of products sold and Selling, general and administrative in the unaudited Condensed Consolidated Statements of Operations. We made contributions of $2.6 million and $4.1 million to our pension plans during the six months ended June 30, 2024, and 2023, respectively. We expect to make net contributions of $5.3 million to our pension plans in 2024, which are primarily associated with statutorily required plans in the International reporting segment.

v3.24.2

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments As part of our currency exchange rate risk management strategy, we enter into certain derivative foreign currency forward contracts that do not meet the U.S. GAAP criteria for hedge accounting but have the impact of partially offsetting certain of our foreign currency exposures. We account for these forward contracts at fair value and report the related gains or losses in currency exchange (gains) losses, net, in the unaudited Condensed Consolidated Statements of Operations. The notional amount of open forward contracts was $113.6 million and $110.9 million at June 30, 2024, and December 31, 2023, respectively. The following table presents the unaudited Condensed Consolidated Balance Sheets location and fair value of assets and liabilities associated with derivative financial instruments: (In thousands) June 30, 2024 December 31, 2023 Derivatives not designated as hedging instruments: Foreign exchange contracts: prepaid expenses and other current assets $ 159  $ 2,210  Foreign exchange contracts: other current liabilities 882  242  The following table presents the unaudited Condensed Consolidated Statements of Operations and unaudited Condensed Consolidated Statements of Cash Flows location and the loss (gain) impact of derivative financial instruments:   Six Months Ended June 30, (In thousands) 2024 2023 Derivatives not designated as hedging instruments: Foreign exchange contracts: currency exchange (gains) losses, net $ 3,659  $ 123

v3.24.2

Fair Value Measurements	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is defined 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. The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are: •Level 1—Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets. •Level 2—Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. •Level 3—Unobservable inputs for the asset or liability. The valuation methodologies we used to measure financial assets and liabilities are also used to value the derivative financial instruments described in Note 15—Derivative Financial Instruments. We estimate the fair value of the derivative financial instruments, consisting of foreign currency forward contracts, based upon valuation models with inputs that generally can be verified by observable market conditions and do not involve significant management judgment. Accordingly, the fair values of the derivative financial instruments are classified within Level 2 of the fair value hierarchy. With the exception of our fixed rate long-term debt, we believe that the reported carrying amounts of our financial assets and liabilities approximate their fair values. The reported carrying amount of our fixed rate long-term debt was $304.1 million and $312.2 million at June 30, 2024, and December 31, 2023, respectively. The fair value of this debt was $263.9 million and $278.7 million at June 30, 2024, and December 31, 2023, respectively. The fair value of this debt was determined using Level 2 inputs by evaluating similarly rated companies with publicly traded bonds where available or current borrowing rates available for financings with similar terms and maturities.

v3.24.2

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Product liability The Company and its subsidiaries face an inherent business risk of exposure to legal claims arising from the alleged failure of our products to prevent the types of personal injury or death against which they are designed to protect. Product liability claims are categorized as either single incident or cumulative trauma. Single incident product liability claims. Single incident product liability claims involve incidents of short duration that are typically known when they occur and involve observable injuries, which provide an objective basis for quantifying damages. Management has established reserves for the single incident product liability claims of the Company's various subsidiaries, including asserted single incident product liability claims and incurred but not reported ("IBNR") single incident claims. To determine the reserves, Management makes reasonable estimates of losses for single incident claims based on the number and characteristics of asserted claims, historical experience, sales volumes, expected settlement costs, and other relevant information. The reserve for single incident product liability claims was $1.4 million at June 30, 2024 and $1.3 million at December 31, 2023. Single incident product liability expense was $0.1 million for both the six months ended June 30, 2024, and 2023. Single incident product liability exposures are evaluated on an annual basis, or more frequently if changing circumstances warrant. Adjustments are made to the reserve as appropriate. The reserve has not been discounted to present value and does not include future amounts which will be spent to defend the claims. During the second quarter of 2024, the Company recorded $5.0 million of net cost for product related legal matter. The expense is reflected within the selling, general and administration line of the unaudited Condensed Consolidated Statement of Operations. Cumulative trauma product liability claims. Cumulative trauma product liability claims involve alleged exposures to harmful substances (e.g., silica, asbestos and coal dust) that occurred years ago and may have developed over long periods of time into diseases such as silicosis, asbestosis, mesothelioma, or coal worker’s pneumoconiosis. Prior to the divestiture described below, one of the Company's former subsidiaries, MSA LLC, was named as a defendant in various lawsuits related to such claims. These lawsuits mainly involve respiratory protection products allegedly manufactured and sold by MSA LLC or its predecessors. On January 5, 2023, the Company entered into a membership interest purchase agreement (the “Purchase Agreement”) with Sag Main Holdings, LLC (the “Buyer”). The Buyer was a joint venture between R&Q Insurance Holdings Ltd. (“R&Q”) and Obra Capital, Inc. (“Obra”). Under the Purchase Agreement, on January 5, 2023, the Company transferred to the Buyer all of the issued and outstanding limited liability company interests of MSA LLC (the “Sale”). In connection with the closing, the Company contributed $341.2 million in cash and cash equivalents, while R&Q and Obra contributed an additional $35.0 million. MSA LLC was the obligor for the claims to which the Company's legacy cumulative trauma product liability reserves relate and policyholder of the related insurance assets. The rights and obligations related to these items remained with MSA LLC upon the sale to the Buyer. In addition, pursuant to the Purchase Agreement, the Buyer and MSA LLC have agreed to indemnify the Company and its affiliates for legacy cumulative trauma product liabilities and other product liabilities, and a subsidiary of the Company has agreed to indemnify MSA LLC for all other historical liabilities of MSA LLC. This indemnification is not subject to any cap or time limitation. In connection with the sale, the Company and its Board of Directors received a solvency opinion from an independent advisory firm that MSA LLC was solvent and adequately capitalized after giving effect to the transaction. Following the completion of the transaction, the Company no longer has any obligation with respect to pending and future cumulative trauma product liability claims relating to these matters. As such, all legacy cumulative trauma product liability reserves, related insurance assets, and associated deferred tax assets of the divested subsidiary were derecognized from our balance sheet and the Company incurred a tax-effected loss on the divestiture of MSA LLC of $199.6 million, including transaction related costs of $5.6 million. The Buyer has assumed management of the divested subsidiary, including the management of its claims and associated assets. Other Litigation Globe, a subsidiary of the Company, is defending claims in which plaintiffs assert that certain products allegedly containing per- and polyfluoroalkyl substances (“PFAS”) have caused harm, including injury or health issues. PFAS are a large class of substances that are widely used in everyday products. Specifically, Globe builds firefighter turnout gear from technical fabrics sourced from a small pool of specialty textile manufacturers. These protective fabrics have been tested and certified to meet current National Fire Protection Association safety standards, and some of them as supplied to Globe contain or historically have contained PFAS to achieve performance characteristics such as water, oil, or chemical resistance. Globe believes it has valid defenses to these claims. These matters are at a very early stage with numerous factual and legal issues to be resolved. Defense costs relating to these lawsuits are recognized in the unaudited Condensed Consolidated Statements of Operations as incurred. Globe is also pursuing insurance coverage and indemnification related to the lawsuits. As of July 17, 2024, Globe was named as a defendant in 659 lawsuits comprised of 12,137 claims, predominantly styled as individual personal injury claims and including two putative class actions. Certain of these lawsuits include MSA Safety Inc. or other Globe affiliates as defendants. MSA LLC is also a defendant in a number of PFAS lawsuits predominantly relating to Aqueous Film-Forming Foam. The Buyer assumed responsibility for these and any similar future claims specific to MSA LLC, including such claims that have been or may be brought against MSA Safety Inc. or its subsidiaries, under the terms of the divestiture on January 5, 2023. Further information about the transaction can be found in the Company’s Current Report on Form 8-K filed on January 6, 2023. Product Warranty The Company provides warranties on certain product sales. Product warranty reserves are established in the same period that revenue from the sale of the related products is recognized, or in the period that a specific issue arises as to the functionality of the Company's product. The determination of such reserves requires the Company to make estimates of product return rates and expected costs to repair or to replace the products under warranty. The amounts of the reserves are based on established terms and the Company's best estimate of the amounts necessary to settle future and existing claims on products sold as of the balance sheet date. If actual return rates and/or repair and replacement costs differ significantly from estimates, adjustments to recognize additional cost of sales may be required in future periods. The following table reconciles changes in the Company's accrued warranty reserve: (In thousands) Six Months Ended June 30, 2024 Year Ended December 31, 2023 Beginning warranty reserve $ 14,288  $ 15,230  Warranty payments (5,387) (9,794) Warranty claims 4,826  8,899  Provision for product warranties and other adjustments 208  (47) Ending warranty reserve $ 13,935  $ 14,288  Warranty expense was $5.0 million and $4.7 million for the six months ended June 30, 2024, and 2023, respectively, and is included in Costs of products sold on the unaudited Condensed Consolidated Statements of Operations. Outstanding Performance Obligations The Company derives a portion of its revenue from various leasing arrangements where the Company is the lessor, primarily fire service contracts entered into by Bristol. Such arrangements provide for monthly payments covering equipment provided, maintenance and interest. These arrangements meet the criteria to be accounted for as sales-type leases under Accounting Standards Codification ("ASC") 842 and contain both lease and non-lease components. Revenue from equipment provided is considered a lease component and recognized with point in time revenue recognition upon lease commencement. Maintenance revenue, which is considered a non-lease component, and interest is recognized monthly over the lease term. As of June 30, 2024, the Company had remaining maintenance performance obligations of approximately $29.5 million which are expected to be recognized to revenue in approximately three years.

v3.24.2

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income (loss)	$ 72,234	$ 67,090	$ 130,373	$ (83,083)

v3.24.2

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

v3.24.2

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidation	The condensed consolidated financial statements of MSA Safety Incorporated and its subsidiaries ("MSA" or "the Company") are unaudited. These unaudited condensed consolidated financial statements include all adjustments, consisting of normal recurring adjustments, considered necessary by management to fairly state the Company's results. Intercompany accounts and transactions have been eliminated. The results reported in these unaudited condensed consolidated financial statements are not necessarily indicative of the results that may be expected for the entire year. The December 31, 2023, Balance Sheet data was derived from the audited Consolidated Balance Sheets, but does not include all disclosures required by accounting principles generally accepted in the United States of America ("U.S. GAAP"). This Form 10-Q report should be read in conjunction with MSA's Form 10-K for the year ended December 31, 2023, which includes all disclosures required by U.S. GAAP.

v3.24.2

Cash and Cash Equivalents (Tables)	6 Months Ended
	Jun. 30, 2024
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	The Company's net cash pool position consisted of the following: (In thousands) June 30, 2024 Gross cash pool position $ 96,109  Less: cash pool borrowings (91,690) Net cash pool position $ 4,419

v3.24.2

Restructuring Charges (Tables)	6 Months Ended
	Jun. 30, 2024
Restructuring and Related Activities [Abstract]
Schedule of Activity and Reserve Balance for Restructuring Charges by Segment	Activity and reserve balances for restructuring by segment were as follows: (In millions) Americas International Corporate Total Reserve balances at December 31, 2022 $ 1.7  $ 12.8  $ 0.5  $ 15.0  Restructuring charges 3.1  4.7  2.1  9.9  Currency translation (0.1) 0.1  —  —  Cash payments / utilization (3.9) (8.6) (2.6) (15.1) Reserve balances at December 31, 2023 $ 0.8  $ 9.0  $ —  $ 9.8  Restructuring charges 0.8  2.9  0.9  4.6  Currency translation (0.1) (0.2) —  (0.3) Cash payments (1.2) (5.5) (0.9) (7.6) Reserve balances at June 30, 2024 $ 0.3  $ 6.2  $ —  $ 6.5

v3.24.2

Inventories (Tables)	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventories	The following table sets forth the components of inventory: (In thousands) June 30, 2024 December 31, 2023 Finished products $ 104,057  $ 88,687  Work in process 18,704  15,378  Raw materials and supplies 198,138  188,539  Total inventories $ 320,899  $ 292,604

v3.24.2

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Components of Property, Plant and Equipment	The following table sets forth the components of property, plant and equipment, net: (In thousands) June 30, 2024 December 31, 2023 Land $ 4,292  $ 4,332  Buildings 142,335  141,027  Machinery and equipment 496,349  498,148  Construction in progress 26,334  24,404  Total 669,310  667,911  Less: accumulated depreciation (456,151) (456,034) Property, plant and equipment, net $ 213,159  $ 211,877

v3.24.2

Reclassifications Out of Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Reclassification Out of Accumulated Other Comprehensive Loss	Changes in accumulated other comprehensive loss were as follows: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2024 2023 2024 2023 Pension and other post-retirement benefits (a) Balance at beginning of period $ (42,278) $ (49,896) $ (42,652) $ (50,335) Amounts reclassified from accumulated other comprehensive loss into net income (loss): Amortization of prior service credit (Note 14) (9) (24) (18) (48) Recognized net actuarial losses (Note 14) 2,271  185  2,668  370  Tax (benefit) expense (240) (46) (254) 232  Total amount reclassified from accumulated other comprehensive loss, net of tax, into net income (loss) 2,022  115  2,396  554  Balance at end of period $ (40,256) $ (49,781) $ (40,256) $ (49,781) Available-for-sale securities Balance at beginning of period $ —  $ —  $ —  $ (2) Unrealized net gains on available-for-sale securities (Note 16) —  —  —  2  Balance at end of period $ —  $ —  $ —  $ —  Foreign currency translation Balance at beginning of period $ (97,270) $ (97,186) $ (86,597) $ (108,380) Reclassification from accumulated other comprehensive loss into net income (loss)(b) (1,200) —  (1,200) —  Foreign currency translation adjustments (8,822) 5,039  (19,495) 16,233  Balance at end of period $ (107,292) $ (92,147) $ (107,292) $ (92,147) (a) Amounts reclassified from accumulated other comprehensive loss into net income (loss) are included in the computation of net periodic pension and other post-retirement benefit costs (refer to Note 14—Pensions and Other Post-retirement Benefits). (b) Reclassification from accumulated other comprehensive loss into net income (loss) relates primarily to the recognition of non-cash net cumulative translation gains associated with certain foreign subsidiaries. The reclassifications are included in Currency exchange (gains) losses, net, within the unaudited Condensed Consolidated Statements of Income.

v3.24.2

Capital Stock (Tables)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Common Stock Activity	Common stock activity is summarized as follows: Three Months Ended June 30, 2024 Three Months Ended June 30, 2023 (In thousands) Common Stock Treasury Cost(a) Common Stock Treasury Cost(a) Balance at beginning of period $ 315,241  $ (365,999) $ 287,009  $ (362,280) Stock compensation expense 5,042  —  6,759  —  Restricted and performance stock awards (348) 348  (190) 190  Stock options exercised 47  27  354  184  Treasury shares purchased for stock compensation programs —  (992) —  (184) Employee stock purchase program 574  60  432  65  Share repurchase program —  (10,000) —  —  Balance at end of period $ 320,556  $ (376,556) $ 294,364  $ (362,025) (a)Excludes treasury cost related to preferred stock. Six Months Ended June 30, 2024 Six Months Ended June 30, 2023 (In thousands) Common Stock Treasury Cost(a) Common Stock Treasury Cost(a) Balance at beginning of period $ 312,324  $ (361,684) $ 281,980  $ (359,838) Stock compensation expense 9,229  —  13,029  —  Restricted and performance stock awards (1,783) 1,783  (1,434) 1,434  Stock options exercised 212  114  357  185  Treasury shares purchased for stock compensation programs —  (6,829) —  (3,871) Employee stock purchase program 574  60  432  65  Share repurchase program —  (10,000) —  —  Balance at end of period $ 320,556  $ (376,556) $ 294,364  $ (362,025) (a)Excludes treasury cost related to preferred stock.

v3.24.2

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Reportable Segment Information	Reportable segment information is presented in the following table: (In thousands, except percentages) Americas International Corporate Consolidated Totals Three Months Ended June 30, 2024 Net sales to external customers $ 314,711  $ 147,752  $ —  $ 462,463  Operating income 99,944  Restructuring charges (Note 3) 1,543  Currency exchange gains, net (603) Net cost for product related legal matter 5,000  Amortization of acquisition-related intangible assets 2,306  Adjusted operating income (loss) 98,468  24,285  (14,563) 108,190  Adjusted operating margin % 31.3  % 16.4  % Depreciation and amortization 13,741  Adjusted EBITDA 108,230  28,052  (14,351) 121,931  Adjusted EBITDA margin % 34.4  % 19.0  % Three Months Ended June 30, 2023 Net sales to external customers $ 308,378  $ 138,921  $ —  $ 447,299  Operating income 95,008  Restructuring charges (Note 3) 3,350  Currency exchange losses, net 3,110  Amortization of acquisition-related intangible assets 2,315  Adjusted operating income (loss) 94,816  21,743  (12,776) 103,783  Adjusted operating margin % 30.7  % 15.7  % Depreciation and amortization 12,574  Adjusted EBITDA 103,977  24,949  (12,569) 116,357  Adjusted EBITDA margin % 33.7  % 18.0  % (In thousands, except percentages) Americas International Corporate Consolidated Totals Six Months Ended June 30, 2024 Net sales to external customers $ 610,249  $ 265,516  $ —  $ 875,765  Operating income 180,056  Restructuring charges (Note 3) 4,560  Currency exchange losses, net 1,730  Net cost for product related legal matter 5,000  Amortization of acquisition-related intangible assets 4,620  Transaction costs(a) 234  Adjusted operating income (loss) 184,688  37,770  (26,258) 196,200  Adjusted operating margin % 30.3  % 14.2  % Depreciation and amortization 26,985  Adjusted EBITDA 203,923  45,097  (25,835) 223,185  Adjusted EBITDA margin % 33.4  % 17.0  % Six Months Ended June 30, 2023 Net sales to external customers $ 588,645  $ 256,916  $ —  $ 845,561  Operating income 34,947  Restructuring charges (Note 3) 5,097  Currency exchange losses, net 7,285  Loss on divestiture of MSA LLC (Note 17) 129,211  Product liability expense (Note 17) 3  Amortization of acquisition-related intangible assets 4,620  Adjusted operating income (loss) 166,510  37,522  (22,869) 181,163  Adjusted operating margin % 28.3  % 14.6  % Depreciation and amortization 24,841  Adjusted EBITDA 184,471  44,007  (22,474) 206,004  Adjusted EBITDA margin % 31.3  % 17.1  % (a) Transaction costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred during acquisitions and divestitures. These costs are included in Selling, general and administrative expense in the unaudited Condensed Consolidated Statements of Operations.
Percentage of Total Sales by Product Group	Total sales by product group was as follows: Three Months Ended June 30, 2024 Consolidated Americas International (In thousands, except percentages) Dollars Percent Dollars Percent Dollars Percent Fire Service (a) $ 172,269  37% $ 118,487  38% $ 53,782  37% Detection (b) 170,848  37% 111,405  35% 59,443  40% Industrial PPE and Other (c) 119,346  26% 84,819  27% 34,527  23% Total $ 462,463  100% $ 314,711  100% $ 147,752  100% Three Months Ended June 30, 2023 Consolidated Americas International (In thousands, except percentages) Dollars Percent Dollars Percent Dollars Percent Fire Service (a) $ 166,490  37% $ 121,157  39% $ 45,333  33% Detection (b) 158,242  35% 104,374  34% 53,868  39% Industrial PPE and Other (c) 122,567  28% 82,847  27% 39,720  28% Total $ 447,299  100% $ 308,378  100% $ 138,921  100% Six Months Ended June 30, 2024 Consolidated Americas International (In thousands, except percentages) Dollars Percent Dollars Percent Dollars Percent Fire Service (a) $ 335,962  39% $ 240,738  39% $ 95,224  36% Detection (b) 310,064  35% 207,700  34% 102,364  38% Industrial PPE and Other (c) 229,739  26% 161,811  27% 67,928  26% Total $ 875,765  100% $ 610,249  100% $ 265,516  100% Six Months Ended June 30, 2023 Consolidated Americas International (In thousands, except percentages) Dollars Percent Dollars Percent Dollars Percent Fire Service (a) $ 305,878  36% $ 223,213  38% $ 82,665  32% Detection (b) 304,843  36% 203,685  35% 101,158  39% Industrial PPE and Other (c) 234,840  28% 161,747  27% 73,093  29% Total $ 845,561  100% $ 588,645  100% $ 256,916  100% (a) Fire Service includes Breathing Apparatus and Firefighter Helmets and Protective Apparel. (b) Detection includes Fixed Gas and Flame Detection and Portable Gas detection. (c) Industrial PPE and Other includes Industrial Head Protection, Fall Protection and Non-Core.

v3.24.2

Earnings (Loss) per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Three Months Ended June 30, Six Months Ended June 30, (In thousands, except per share values) 2024 2023 2024 2023 Net income (loss) $ 72,234  $ 67,090  $ 130,373  $ (83,083) Preferred stock dividends (10) (10) (20) (20) Net income (loss) attributable to common equity 72,224  67,080  130,353  (83,103) Dividends and undistributed earnings allocated to participating securities (6) (8) (13) (8) Net income (loss) attributable to common shareholders 72,218  67,072  130,340  (83,111) Basic weighted-average shares outstanding 39,389  39,274  39,375  39,249  Stock-based compensation awards (a) 152  135  174  —  Diluted weighted-average shares outstanding 39,541  39,409  39,549  39,249  Antidilutive shares —  —  —  158  Earnings (loss) per share: Basic $ 1.83  $ 1.71  $ 3.31  $ (2.12) Diluted $ 1.83  $ 1.70  $ 3.30  $ (2.12) (a) During periods in which the Company incurs a net loss, stock-based compensation awards are excluded from the computation of diluted earnings per share because their effect would be anti-dilutive. As such, during periods in which the Company incurs a net loss, diluted weighted-average shares outstanding are equivalent to basic weighted-average shares outstanding.

v3.24.2

Stock Plans (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Compensation Expense	Stock compensation expense, included in Selling, general and administrative expense in the unaudited Condensed Consolidated Statements of Operations, is as follows:   Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2024 2023 2024 2023 Stock compensation expense $ 5,042  $ 6,759  $ 9,229  $ 13,029  Income tax benefit 1,235  1,656  2,261  3,192  Stock compensation expense, net of tax $ 3,807  $ 5,103  $ 6,968  $ 9,837  We have not capitalized any stock-based compensation expense.
Summary of Stock Option Activity	A summary of stock option activity for the six months ended June 30, 2024, is as follows: Shares Weighted Average Exercise Price Outstanding at January 1, 2024 26,536  $ 45.95  Exercised (7,070) 46.13  Forfeited (852) 48.65  Outstanding and exercisable at June 30, 2024 18,614  $ 45.76
Summary of Restricted Stock and Unit Activity	A summary of restricted stock activity for the six months ended June 30, 2024, is as follows: Shares Weighted Average Grant Date Fair Value Unvested at January 1, 2024 173,851  $ 142.73  Granted 81,658  178.52  Vested (43,946) 165.12  Forfeited (21,904) 166.54  Unvested at June 30, 2024 189,659  $ 150.08
Schedule of Fair Value Assumptions for Units	The following weighted average assumptions were used in estimating the fair value of the performance stock units granted in the first quarter of 2024. Fair value per unit $181.31 Risk-free interest rate 4.34% Expected dividend yield 1.19% Expected volatility 25.9% MSA stock beta 0.728
Summary of Performance Stock Unit Activity	A summary of performance stock unit activity for the six months ended June 30, 2024, is as follows: Shares Weighted Average Grant Date Fair Value Unvested at January 1, 2024 189,221  $ 146.17  Granted 40,231  177.30  Performance adjustments(a) 21,143  193.10  Vested (78,199) 174.03  Forfeited (5,895) 158.69  Unvested at June 30, 2024 166,501  $ 146.13  (a)Performance adjustments relate primarily to the final number of shares issued for the 2021 performance unit awards which vested in the first quarter of 2024 at 174% of the target award based on both cumulative performance against EBITDA margin and revenue growth targets and MSA's TSR during the three-year performance period.

v3.24.2

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Debt	(In thousands) June 30, 2024 December 31, 2023 2016 Senior Notes payable through 2031, 3.40%, net of debt issuance costs $ 53,966  $ 62,081  2021 Senior Notes payable through 2036, 2.69%, net of debt issuance costs 99,743  99,733  2021 Senior Notes payable through 2036, 2.69%, net of debt issuance costs 99,743  99,733  2023 Term Loan credit agreement maturing in 2026, net of debt issuance costs 218,238  230,604  2023 Senior Notes payable through 2028, 5.25%, net of debt issuance costs 49,946  49,939  Senior revolving credit facility maturing in 2026, net of debt issuance costs 66,607  59,602  Total 588,243  601,692  Amounts due within one year 26,472  26,522  Long-term debt, net of debt issuance costs $ 561,771  $ 575,170

v3.24.2

Goodwill and Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Goodwill	Changes in goodwill during the six months ended June 30, 2024, were as follows: (In thousands) Goodwill Balance at January 1, 2024 $ 627,534  Currency translation (2,897) Balance at June 30, 2024 $ 624,637
Changes in Intangible Assets, Net of Accumulated Amortization	Changes in intangible assets, net, during the six months ended June 30, 2024, were as follows: (In thousands) Intangible Assets Net balance at January 1, 2024 $ 266,134  Amortization expense (8,967) Currency translation (839) Net balance at June 30, 2024 $ 256,328

v3.24.2

Pensions and Other Post-retirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2024
Retirement Benefits [Abstract]
Components of Net Periodic Benefit Cost	Components of Net periodic benefit (income) cost consisted of the following:   Pension Benefits Other Benefits (In thousands) 2024 2023 2024 2023 Three Months Ended June 30, Service cost $ 2,315  $ 1,884  $ 44  $ 53  Interest cost 5,970  5,918  248  273  Expected return on plan assets (10,812) (9,906) —  —  Amortization of prior service cost (credit) 37  37  (46) (61) Recognized net actuarial losses 282  47  115  138  Settlements 1,308  —  —  —  Net periodic benefit (income) cost (a) $ (900) $ (2,020) $ 361  $ 403  Six Months Ended June 30, Service cost $ 4,630  $ 3,768  $ 88  $ 106  Interest cost 11,940  11,836  496  546  Expected return on plan assets (21,624) (19,812) —  —  Amortization of prior service cost (credit) 74  74  (92) (122) Recognized net actuarial losses 564  94  230  276  Settlements 1,308  —  —  —  Net periodic benefit (income) cost (a) $ (3,108) $ (4,040) $ 722  $ 806  (a) Components of Net periodic benefit (income) cost other than service cost are included in the line item Other income, net, and service costs are included in the line items Cost of products sold and Selling, general and administrative in the unaudited Condensed Consolidated Statements of Operations.

v3.24.2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Balance Sheet Location and Fair Value of Assets Associated with Derivative Financial Instruments	The following table presents the unaudited Condensed Consolidated Balance Sheets location and fair value of assets and liabilities associated with derivative financial instruments: (In thousands) June 30, 2024 December 31, 2023 Derivatives not designated as hedging instruments: Foreign exchange contracts: prepaid expenses and other current assets $ 159  $ 2,210  Foreign exchange contracts: other current liabilities 882  242
Income Statement Location and Impact of Derivative Financial Instruments	The following table presents the unaudited Condensed Consolidated Statements of Operations and unaudited Condensed Consolidated Statements of Cash Flows location and the loss (gain) impact of derivative financial instruments:   Six Months Ended June 30, (In thousands) 2024 2023 Derivatives not designated as hedging instruments: Foreign exchange contracts: currency exchange (gains) losses, net $ 3,659  $ 123

v3.24.2

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Product Warranty Liability	The following table reconciles changes in the Company's accrued warranty reserve: (In thousands) Six Months Ended June 30, 2024 Year Ended December 31, 2023 Beginning warranty reserve $ 14,288  $ 15,230  Warranty payments (5,387) (9,794) Warranty claims 4,826  8,899  Provision for product warranties and other adjustments 208  (47) Ending warranty reserve $ 13,935  $ 14,288

v3.24.2

Cash and Cash Equivalents (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Cash and Cash Equivalents [Abstract]
Gross cash pool position	$ 96,109
Less: cash pool borrowings	(91,690)
Net cash pool position	$ 4,419

v3.24.2

Restructuring Charges - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 1,543	$ 3,350	$ 4,560	$ 5,097
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring charges			900
Americas | Reportable Segments
Restructuring Cost and Reserve [Line Items]
Restructuring charges			800	2,200
International | Reportable Segments
Restructuring Cost and Reserve [Line Items]
Restructuring charges			$ 2,900	$ 1,500

v3.24.2

Restructuring Charges - Activity and Reserve Balance for Restructuring Charges by Segment (Details) - USD ($) $ in Millions	6 Months Ended	9 Months Ended
	Jun. 30, 2024	Sep. 30, 2023
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	$ 9.8	$ 15.0
Restructuring charges		9.9
Restructuring charges	4.6
Currency translation	(0.3)	0.0
Cash payments	(7.6)	(15.1)
Restructuring reserve, ending balance	6.5
Corporate
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	0.0	0.5
Restructuring charges		2.1
Restructuring charges	0.9
Currency translation	0.0	0.0
Cash payments	(0.9)	(2.6)
Restructuring reserve, ending balance	0.0
Americas | Reportable Segments
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	0.8	1.7
Restructuring charges		3.1
Restructuring charges	0.8
Currency translation	(0.1)	(0.1)
Cash payments	(1.2)	(3.9)
Restructuring reserve, ending balance	0.3
International | Reportable Segments
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	9.0	12.8
Restructuring charges		4.7
Restructuring charges	2.9
Currency translation	(0.2)	0.1
Cash payments	(5.5)	$ (8.6)
Restructuring reserve, ending balance	$ 6.2

v3.24.2

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Finished products	$ 104,057	$ 88,687
Work in process	18,704	15,378
Raw materials and supplies	198,138	188,539
Total inventories	$ 320,899	$ 292,604

v3.24.2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 669,310	$ 667,911
Less: accumulated depreciation	(456,151)	(456,034)
Property, plant and equipment, net	213,159	211,877
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	4,292	4,332
Buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	142,335	141,027
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	496,349	498,148
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 26,334	$ 24,404

v3.24.2

Reclassifications Out of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period			$ 966,802
Reclassification from accumulated other comprehensive loss into net income (loss)(b)	$ (1,200)	$ 0	(1,200)	$ 0
Other comprehensive income (loss)	(8,000)	5,154	(18,299)	16,789
Balance at end of period	1,033,647		1,033,647
Accumulated defined benefit plans adjustment attributable to parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	(42,278)	(49,896)	(42,652)	(50,335)
Tax (benefit) expense	(240)	(46)	(254)	232
Reclassification from accumulated other comprehensive loss into net income (loss)(b)	2,022	115	2,396	554
Balance at end of period	(40,256)	(49,781)	(40,256)	(49,781)
Accumulated defined benefit plans adjustment, net prior service attributable to parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Amounts reclassified from accumulated other comprehensive loss	(9)	(24)	(18)	(48)
Accumulated defined benefit plans adjustment, net gain (loss) attributable to parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Amounts reclassified from accumulated other comprehensive loss	2,271	185	2,668	370
Accumulated net investment gain (loss) attributable to parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	0	0	0	(2)
Other comprehensive income (loss)	0	0	0	2
Balance at end of period	0	0	0	0
Accumulated foreign currency adjustment attributable to parent
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Balance at beginning of period	(97,270)	(97,186)	(86,597)	(108,380)
Reclassification from accumulated other comprehensive loss into net income (loss)(b)	(1,200)	0	(1,200)	0
Other comprehensive income (loss)	(8,822)	5,039	(19,495)	16,233
Balance at end of period	$ (107,292)	$ (92,147)	$ (107,292)	$ (92,147)

v3.24.2

Capital Stock - Narrative (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Capital Unit [Line Items]
Preferred stock, par value (dollars per share)	$ 50,000		$ 50,000
Cumulative preferred stock (percent)	4.50%		4.50%
Treasury shares, at cost	$ 378,156,000		$ 363,284,000
Common stock, shares authorized (shares)	180,000,000
Common stock, shares, outstanding (shares)	39,349,528		39,317,212
Treasury stock, common, shares (shares)	22,731,863		22,764,179
Preferred stock
Capital Unit [Line Items]
Treasury shares, at cost	$ 1,800,000
Cumulative Preferred Stock
Capital Unit [Line Items]
Preferred stock, shares authorized (shares)	100,000
Preferred stock, par value (dollars per share)	$ 50
Cumulative preferred stock (percent)	4.50%
Preferred stock, callable price per share (dollars per share)	$ 52.50
Preferred stock, shares issued (shares)	71,340		71,340
Treasury stock, preferred, shares (shares)	52,998		52,998
Purchase of treasury shares (shares)	0	0
Second Cumulative Preferred Voting Stock
Capital Unit [Line Items]
Preferred stock, shares authorized (shares)	1,000,000
Preferred stock, par value (dollars per share)	$ 10
Preferred stock, shares issued (shares)	0		0
Common Stock
Capital Unit [Line Items]
Purchase of treasury shares (shares)	52,561	0
Common stock, shares issued (shares)	62,081,391		62,081,391
Stock issued during period, new issues (shares)	0	0
Common stock, value, issued (up to)	$ 200,000,000.0
Treasury stock
Capital Unit [Line Items]
Reissued shares (shares)	121,790	105,894

v3.24.2

Capital Stock - Schedule of Common Stock Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Common Stock
Common Stock Activity [Roll Forward]
Beginning balance	$ 315,241	$ 287,009	$ 312,324	$ 281,980
Stock compensation expense	5,042	6,759	9,229	13,029
Ending balance	320,556	294,364	320,556	294,364
Treasury Cost
Common Stock Activity [Roll Forward]
Beginning balance	(365,999)	(362,280)	(361,684)	(359,838)
Stock compensation expense	0	0	0	0
Ending balance	(376,556)	(362,025)	(376,556)	(362,025)
Restricted and performance stock awards | Common Stock
Common Stock Activity [Roll Forward]
Restricted and performance stock awards	(348)	(190)	(1,783)	(1,434)
Restricted and performance stock awards | Treasury Cost
Common Stock Activity [Roll Forward]
Restricted and performance stock awards	348	190	1,783	1,434
Stock options exercised | Common Stock
Common Stock Activity [Roll Forward]
Stock compensation expense	47	354	212	357
Stock options exercised | Treasury Cost
Common Stock Activity [Roll Forward]
Stock compensation expense	27	184	114	185
Treasury shares purchased for stock compensation programs | Common Stock
Common Stock Activity [Roll Forward]
Treasury shares purchased for stock compensation programs	0	0	0	0
Treasury shares purchased for stock compensation programs | Treasury Cost
Common Stock Activity [Roll Forward]
Treasury shares purchased for stock compensation programs	(992)	(184)	(6,829)	(3,871)
Employee stock purchase program | Common Stock
Common Stock Activity [Roll Forward]
Stock compensation expense	574	432	574	432
Employee stock purchase program | Treasury Cost
Common Stock Activity [Roll Forward]
Stock compensation expense	60	65	60	65
Share repurchase program | Common Stock
Common Stock Activity [Roll Forward]
Stock compensation expense	0	0	0	0
Share repurchase program | Treasury Cost
Common Stock Activity [Roll Forward]
Stock compensation expense	$ (10,000)	$ 0	$ (10,000)	$ 0

v3.24.2

Segment Information - Additional Information (Details)	6 Months Ended
	Jun. 30, 2024 Segment
Segment Reporting [Abstract]
Number of geographical segments (in segments)	4
Number of reportable segments (in segments)	3

v3.24.2

Segment Information - Schedule of Reportable Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Net sales to external customers	$ 462,463	$ 447,299	$ 875,765	$ 845,561
Operating income	99,944	95,008	180,056	34,947
Restructuring charges	1,543	3,350	4,560	5,097
Currency exchange gains (losses), net	(603)	3,110	1,730	7,285
Product liability expense (Note 17)	5,000		5,000
Loss on divestiture of MSA LLC	0	0	0	129,211
Product liability expense				3
Amortization of acquisition-related intangible assets	2,306	2,315	4,620	4,620
Acquisition related costs			234
Adjusted operating income (loss)	108,190	103,783	196,200	181,163
Depreciation and amortization	13,741	12,574	26,985	24,841
Adjusted EBITDA	121,931	116,357	223,185	206,004
Americas
Segment Reporting Information [Line Items]
Net sales to external customers	314,711	308,378	610,249	588,645
Reportable Segments | Americas
Segment Reporting Information [Line Items]
Net sales to external customers	314,711	308,378	610,249	588,645
Restructuring charges			800	2,200
Adjusted operating income (loss)	$ 98,468	$ 94,816	$ 184,688	$ 166,510
Adjusted operating margin, percentage	31.30%	30.70%	30.30%	28.30%
Adjusted EBITDA	$ 108,230	$ 103,977	$ 203,923	$ 184,471
Adjusted EBITDA, percentage	34.40%	33.70%	33.40%	31.30%
Reportable Segments | International
Segment Reporting Information [Line Items]
Net sales to external customers	$ 147,752	$ 138,921	$ 265,516	$ 256,916
Adjusted operating income (loss)	$ 24,285	$ 21,743	$ 37,770	$ 37,522
Adjusted operating margin, percentage	16.40%	15.70%	14.20%	14.60%
Adjusted EBITDA	$ 28,052	$ 24,949	$ 45,097	$ 44,007
Adjusted EBITDA, percentage	19.00%	18.00%	17.00%	17.10%
Corporate
Segment Reporting Information [Line Items]
Net sales to external customers	$ 0	$ 0	$ 0	$ 0
Restructuring charges			900
Adjusted operating income (loss)	(14,563)	(12,776)	(26,258)	(22,869)
Adjusted EBITDA	$ (14,351)	$ (12,569)	$ (25,835)	$ (22,474)

v3.24.2

Segment Information - Percentage of Total Sales by Product Group (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue from External Customer [Line Items]
Revenues	$ 462,463	$ 447,299	$ 875,765	$ 845,561
Fire Service
Revenue from External Customer [Line Items]
Revenues	172,269	166,490	335,962	305,878
Detection
Revenue from External Customer [Line Items]
Revenues	170,848	158,242	310,064	304,843
Industrial PPE and Other
Revenue from External Customer [Line Items]
Revenues	$ 119,346	$ 122,567	$ 229,739	$ 234,840
Revenue Benchmark | Product Concentration Risk
Revenue from External Customer [Line Items]
Concentration risk percentage	100.00%	100.00%	100.00%	100.00%
Revenue Benchmark | Fire Service | Product Concentration Risk
Revenue from External Customer [Line Items]
Concentration risk percentage	37.00%	37.00%	39.00%	36.00%
Revenue Benchmark | Detection | Product Concentration Risk
Revenue from External Customer [Line Items]
Concentration risk percentage	37.00%	35.00%	35.00%	36.00%
Revenue Benchmark | Industrial PPE and Other | Product Concentration Risk
Revenue from External Customer [Line Items]
Concentration risk percentage	26.00%	28.00%	26.00%	28.00%
Americas
Revenue from External Customer [Line Items]
Revenues	$ 314,711	$ 308,378	$ 610,249	$ 588,645
Americas | Fire Service
Revenue from External Customer [Line Items]
Revenues	118,487	121,157	240,738	223,213
Americas | Detection
Revenue from External Customer [Line Items]
Revenues	111,405	104,374	207,700	203,685
Americas | Industrial PPE and Other
Revenue from External Customer [Line Items]
Revenues	$ 84,819	$ 82,847	$ 161,811	$ 161,747
Americas | Revenue Benchmark | Product Concentration Risk
Revenue from External Customer [Line Items]
Concentration risk percentage	100.00%	100.00%	100.00%	100.00%
Americas | Revenue Benchmark | Fire Service | Product Concentration Risk
Revenue from External Customer [Line Items]
Concentration risk percentage	38.00%	39.00%	39.00%	38.00%
Americas | Revenue Benchmark | Detection | Product Concentration Risk
Revenue from External Customer [Line Items]
Concentration risk percentage	35.00%	34.00%	34.00%	35.00%
Americas | Revenue Benchmark | Industrial PPE and Other | Product Concentration Risk
Revenue from External Customer [Line Items]
Concentration risk percentage	27.00%	27.00%	27.00%	27.00%
International
Revenue from External Customer [Line Items]
Revenues	$ 147,752	$ 138,921	$ 265,516	$ 256,916
International | Fire Service
Revenue from External Customer [Line Items]
Revenues	53,782	45,333	95,224	82,665
International | Detection
Revenue from External Customer [Line Items]
Revenues	59,443	53,868	102,364	101,158
International | Industrial PPE and Other
Revenue from External Customer [Line Items]
Revenues	$ 34,527	$ 39,720	$ 67,928	$ 73,093
International | Revenue Benchmark | Product Concentration Risk
Revenue from External Customer [Line Items]
Concentration risk percentage	100.00%	100.00%	100.00%	100.00%
International | Revenue Benchmark | Fire Service | Product Concentration Risk
Revenue from External Customer [Line Items]
Concentration risk percentage	37.00%	33.00%	36.00%	32.00%
International | Revenue Benchmark | Detection | Product Concentration Risk
Revenue from External Customer [Line Items]
Concentration risk percentage	40.00%	39.00%	38.00%	39.00%
International | Revenue Benchmark | Industrial PPE and Other | Product Concentration Risk
Revenue from External Customer [Line Items]
Concentration risk percentage	23.00%	28.00%	26.00%	29.00%

v3.24.2

Earnings (Loss) per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net income (loss)	$ 72,234	$ 67,090	$ 130,373	$ (83,083)
Preferred stock dividends	(10)	(10)	(20)	(20)
Net income (loss) attributable to common equity	72,224	67,080	130,353	(83,103)
Dividends and undistributed earnings allocated to participating securities	(6)	(8)	(13)	(8)
Net income (loss) attributable to common shareholders	$ 72,218	$ 67,072	$ 130,340	$ (83,111)
Basic weighted-average shares outstanding (shares)	39,389	39,274	39,375	39,249
Stock-based compensation awards (shares)	152	135	174	0
Diluted weighted-average shares outstanding (shares)	39,541	39,409	39,549	39,249
Antidilutive stock options (shares)	0	0	0	158
Earnings (loss) per share:
Basic (in dollars per share)	$ 1.83	$ 1.71	$ 3.31	$ (2.12)
Diluted (in dollars per share)	$ 1.83	$ 1.70	$ 3.30	$ (2.12)

v3.24.2

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Income Tax Contingency [Line Items]
Effective income tax rate	23.50%	23.30%	23.30%	520.80%
Unrecognized tax benefits	$ 7,300		$ 7,300
Insurance receivable and other noncurrent assets	18,050		18,050		$ 19,811
Accrued interest and penalties related to uncertain tax positions	200		200
Deferred tax asset
Income Tax Contingency [Line Items]
Insurance receivable and other noncurrent assets	$ 600		$ 600

v3.24.2

Stock Plans - Schedule of Stock Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Stock compensation expense	$ 5,042	$ 6,759	$ 9,229	$ 13,029
Income tax benefit	1,235	1,656	2,261	3,192
Stock compensation expense, net of tax	$ 3,807	$ 5,103	$ 6,968	$ 9,837

v3.24.2

Stock Plans - Summary of Stock Option Activity (Details)	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Shares
Outstanding, beginning balance (in shares) | shares	26,536
Exercised (in shares) | shares	(7,070)
Forfeited (in shares) | shares	(852)
Outstanding, ending balance (in shares) | shares	18,614
Exercisable (in shares) | shares	18,614
Weighted Average Grant Date Fair Value
Outstanding, beginning balance (dollars per share) | $ / shares	$ 45.95
Exercised (dollars per share) | $ / shares	46.13
Forfeited (dollars per share) | $ / shares	48.65
Outstanding, ending balance (dollars per share) | $ / shares	45.76
Exercisable (dollars per share) | $ / shares	$ 45.76

v3.24.2

Stock Plans - Summary of Restricted Stock and Unit Activity (Details) - Restricted Stock Activity	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Shares
Unvested, beginning balance (in shares) | shares	173,851
Granted (in shares) | shares	81,658
Vested (in shares) | shares	(43,946)
Forfeited (in shares) | shares	(21,904)
Unvested, ending balance (in shares) | shares	189,659
Weighted Average Grant Date Fair Value
Unvested, beginning balance (dollars per share) | $ / shares	$ 142.73
Granted (dollars per share) | $ / shares	178.52
Vested (dollars per share) | $ / shares	165.12
Forfeited (dollars per share) | $ / shares	166.54
Unvested, ending Balance (dollars per share) | $ / shares	$ 150.08

v3.24.2

Stock Plans - Additional Information (Details)	6 Months Ended
	Jun. 30, 2024
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target award based on achieving targeted performance conditions	0.00%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target award based on achieving targeted performance conditions	200.00%
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value assumptions, average closing price used to calculate expected dividend rate, period (years)	1 year
Stock beta, daily price data period (years)	3 years

v3.24.2

Stock Plans - Weighted Average Risk Assumptions (Details) - Performance Stock Unit	6 Months Ended
	Jun. 30, 2024 $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value per unit (dollars per share)	$ 177.30
Monte Carlo Approach
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value per unit (dollars per share)	$ 181.31
Risk-free interest rate	4.34%
Expected dividend yield	1.19%
Expected volatility	25.90%
MSA stock beta	0.728

v3.24.2

Stock Plans - Summary of Performance Stock Unit Activity (Details)	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Weighted Average Grant Date Fair Value
Percentage of target award based on achieving specified performance targets	174.00%
Performance Stock Unit
Shares
Unvested, beginning balance (in shares) | shares	189,221
Granted (in shares) | shares	40,231
Performance adjustments (in shares) | shares	21,143
Vested (in shares) | shares	(78,199)
Forfeited (in shares) | shares	(5,895)
Unvested, ending balance (in shares) | shares	166,501
Weighted Average Grant Date Fair Value
Unvested, beginning balance (dollars per share) | $ / shares	$ 146.17
Granted (dollars per share) | $ / shares	177.30
Performance adjustments (dollars per share) | $ / shares	193.10
Vested (dollars per share) | $ / shares	174.03
Forfeited (dollars per share) | $ / shares	158.69
Unvested, ending Balance (dollars per share) | $ / shares	$ 146.13
Award vesting period	3 years

v3.24.2

Long-Term Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 29, 2023	Jan. 05, 2023	Jul. 01, 2021
Debt Instrument [Line Items]
Senior revolving credit facility maturing in 2026, net of debt issuance costs	$ 66,607	$ 59,602
Total	588,243	601,692
Amounts due within one year	26,472	26,522
Long-term debt, net of debt issuance costs	$ 561,771	575,170
2016 Senior Notes payable through 2031, 3.40%, net of debt issuance costs
Debt Instrument [Line Items]
Debt instrument, stated interest rate percentage	3.40%
Senior notes payable	$ 53,966	62,081
2021 Senior Notes payable through 2036, 2.69%, net of debt issuance costs
Debt Instrument [Line Items]
Debt instrument, stated interest rate percentage	2.69%
Senior notes payable	$ 99,743	99,733
2021 Senior Notes payable through 2036, 2.69%, net of debt issuance costs | Senior Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate percentage					2.69%
2021 Senior Notes payable through 2036, 2.69%, net of debt issuance costs
Debt Instrument [Line Items]
Debt instrument, stated interest rate percentage	2.69%
Senior notes payable	$ 99,743	99,733
2021 Senior Notes payable through 2036, 2.69%, net of debt issuance costs | Senior Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate percentage					2.69%
2023 Term Loan credit agreement maturing in 2026, net of debt issuance costs | Secured Debt | Line of Credit
Debt Instrument [Line Items]
Debt instrument, stated interest rate percentage	6.43%
Total	$ 218,238	230,604		$ 250,000
2023 Senior Notes payable through 2028, 5.25%, net of debt issuance costs | Senior Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate percentage	5.25%		5.25%
Total	$ 49,946	$ 49,939

v3.24.2

Long-Term Debt - Additional Information (Details)					6 Months Ended
	Jun. 29, 2023 USD ($)	Jan. 05, 2023 USD ($)	May 24, 2021 USD ($)	Jan. 04, 2019	Jun. 30, 2024 USD ($)	Jun. 30, 2024 GBP (£)	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jul. 01, 2021 USD ($)
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 900,000,000.0
Weighted average revolving interest rate, percentage					6.23%
Line of credit facility, remaining borrowing capacity					$ 831,400,000
Line of credit facility, accordion feature					400,000,000
Amounts due within one year					26,472,000		$ 26,522,000
Minimum fixed charges coverage ratio (not less than)				1.50
Maximum consolidated leverage ratio (not to exceed)				3.50
Consolidated leverage ratio (not more than)				4.00
Long term debt					588,243,000		601,692,000
Restricted cash included in prepaid expenses and other current assets					2,005,000			$ 1,980,000
Standby Letters of Credit
Debt Instrument [Line Items]
Proceeds from lines of credit					10,200,000
Senior Revolving Credit Facility Maturing in 2023 | Standby Letters of Credit
Debt Instrument [Line Items]
Proceeds from lines of credit					$ 1,100,000
Series C Senior Notes Due July 2036
Debt Instrument [Line Items]
Debt instrument, stated interest rate percentage					2.69%	2.69%
Series A Senior Notes Due 2036
Debt Instrument [Line Items]
Debt instrument, stated interest rate percentage					2.69%	2.69%
Senior Notes | Series C Senior Notes Due July 2036
Debt Instrument [Line Items]
Aggregate principal amount									$ 100,000,000
Debt instrument, stated interest rate percentage									2.69%
Senior Notes | Series A Senior Notes Due 2036
Debt Instrument [Line Items]
Aggregate principal amount									$ 100,000,000
Debt instrument, stated interest rate percentage									2.69%
Senior Notes | NYL Note Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity									$ 200,000,000
Senior Notes | Senior Notes Due 2028
Debt Instrument [Line Items]
Aggregate principal amount	$ 50,000,000
Debt instrument, stated interest rate percentage	5.25%				5.25%	5.25%
Principal of debt amount due in year before maturity	$ 25,000,000
Principal of debt amount due at maturity	$ 25,000,000
Long term debt					$ 49,946,000		49,939,000
Unsecured Debt | Series C Senior Notes Due July 2036
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity									$ 335,000,000
Notes Payable | Multi-currency Notes Due in 2031
Debt Instrument [Line Items]
Aggregate principal amount					$ 54,100,000	£ 42,700,000
Debt instrument, stated interest rate percentage					3.40%	3.40%
Amounts due within one year					$ 7,700,000	£ 6,100,000
Line of Credit | 2023 Term Loan credit agreement maturing in 2026, net of debt issuance costs | Secured Debt
Debt Instrument [Line Items]
Debt instrument, stated interest rate percentage					6.43%	6.43%
Long term debt		$ 250,000,000			$ 218,238,000		$ 230,604,000
Base Rate | Senior Revolving Credit Facility Maturing in 2023
Debt Instrument [Line Items]
Interest rate margin, percentage			0.00%
Overnight Bank Funding Rate | Senior Revolving Credit Facility Maturing in 2023
Debt Instrument [Line Items]
Interest rate margin, percentage			0.50%
Secured Overnight Financing Rate (SOFR) | Senior Revolving Credit Facility Maturing in 2023
Debt Instrument [Line Items]
Interest rate margin, percentage			1.00%
Minimum | Senior Revolving Credit Facility Maturing in 2023
Debt Instrument [Line Items]
Interest rate margin, percentage			0.00%
Minimum | Line of Credit | 2023 Term Loan credit agreement maturing in 2026, net of debt issuance costs | Secured Debt
Debt Instrument [Line Items]
Basis spread on EBITDA leverage ratio and elected rate		0.00%
Maximum | Senior Revolving Credit Facility Maturing in 2023
Debt Instrument [Line Items]
Interest rate margin, percentage			1.75%
Maximum | Line of Credit | 2023 Term Loan credit agreement maturing in 2026, net of debt issuance costs | Secured Debt
Debt Instrument [Line Items]
Basis spread on EBITDA leverage ratio and elected rate		2.00%

v3.24.2

Goodwill and Intangible Assets, Net - Changes in Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 627,534
Currency translation	(2,897)
Ending balance	$ 624,637

v3.24.2

Goodwill and Intangible Assets, Net - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 624,637	$ 627,534
Americas
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill	447,600
International
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill	177,000
Trade name | Globe Holding Company LLC
Acquired Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	$ 60,000

v3.24.2

Goodwill and Intangible Assets, Net - Changes in Intangible Assets, Net of Accumulated Amortization (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Finite-lived Intangible Assets [Roll Forward]
Beginning balance	$ 266,134
Amortization expense	(8,967)
Currency translation	(839)
Ending balance	$ 256,328

v3.24.2

Pensions and Other Post-retirement Benefits - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 2,315	$ 1,884	$ 4,630	$ 3,768
Interest cost	5,970	5,918	11,940	11,836
Expected return on plan assets	(10,812)	(9,906)	(21,624)	(19,812)
Amortization of prior service cost (credit)	37	37	74	74
Recognized net actuarial losses	282	47	564	94
Settlements	1,308	0	1,308	0
Net periodic benefit (income) cost	(900)	(2,020)	(3,108)	(4,040)
Other Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	44	53	88	106
Interest cost	248	273	496	546
Expected return on plan assets	0	0	0	0
Amortization of prior service cost (credit)	(46)	(61)	(92)	(122)
Recognized net actuarial losses	115	138	230	276
Settlements	0	0	0	0
Net periodic benefit (income) cost	$ 361	$ 403	$ 722	$ 806

v3.24.2

Pensions and Other Post-retirement Benefits - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Retirement Benefits [Abstract]
Pension plans contributions	$ 2.6	$ 4.1
Total estimated pension plans contributions for the fiscal year	$ 5.3

v3.24.2

Derivative Financial Instruments - Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Foreign Exchange Forward
Derivative [Line Items]
Notional amount of open forward contracts	$ 113.6	$ 110.9

v3.24.2

Derivative Financial Instruments - Balance Sheet Location and Fair Value of Assets Associated with Derivative Financial Instruments (Details) - Not designated as hedging instrument - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Other current liabilities
Derivatives, Fair Value [Line Items]
Derivatives not designated as hedging instruments:	$ 882	$ 242
Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Foreign exchange contracts: other current liabilities	$ 159	$ 2,210

v3.24.2

Derivative Financial Instruments - Income Statement Location and Impact of Derivative Financial Instruments (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Not designated as hedging instrument
Derivative Instruments, Gain (Loss) [Line Items]
Foreign exchange contracts: currency exchange (gains) losses, net	$ 3,659	$ 123

v3.24.2

Fair Value Measurements (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Reported Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value disclosure	$ 304.1	$ 312.2
Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value disclosure	$ 263.9	$ 278.7

v3.24.2

Commitments and Contingencies - Additional Information (Details) $ in Thousands		3 Months Ended		6 Months Ended
	Jan. 05, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jul. 17, 2024 claim classAction lawsuit	Dec. 31, 2023 USD ($)
Loss Contingencies [Line Items]
Product liability expense		$ 0	$ 0	$ 0	$ 3
Tax-effected loss on divestiture				0	199,578
Product warranty expense				5,000	4,700
Product liability expense (Note 17)		5,000		5,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Loss Contingencies [Line Items]
Remaining performance obligation, amount		$ 29,500		$ 29,500
Remaining performance obligation, expected timing of satisfaction		3 years		3 years
MSA LLC | Joint Venture By R&Q Insurance Holdings Ltd. And Obra Capital, Inc.
Loss Contingencies [Line Items]
Contributed cash and cash equivalents by acquiree	$ 35,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations | MSA LLC
Loss Contingencies [Line Items]
Disposal group, contributed cash and cash equivalents	$ 341,200
Tax-effected loss on divestiture		$ 199,600
Disposal group, transaction costs				$ 5,600
Single incident
Loss Contingencies [Line Items]
Product liability accrual		$ 1,400		1,400			$ 1,300
Product liability expense				$ 100	$ 100
Damages From Product Substances | Subsequent Event
Loss Contingencies [Line Items]
Number of pending lawsuits | lawsuit						659
Number of pending claims | claim						12,137
Number of pending class actions | classAction						2

v3.24.2

Contingencies - Schedule of Product Warranty Liability (Details) - USD ($) $ in Thousands	6 Months Ended	9 Months Ended
	Jun. 30, 2024	Sep. 30, 2023
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Beginning warranty reserve	$ 14,288	$ 15,230
Warranty payments	(5,387)	(9,794)
Warranty claims	4,826	8,899
Provision for product warranties and other adjustments	208	$ (47)
Ending warranty reserve	$ 13,935

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