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Information on Business Segments (Tables)
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables set forth information about the Company's operations by its two reportable segments:
 
Three months ended June 30,
 
Six months ended June 30,
 
2015
 
2014
 
2015
 
2014
Net sales
 
 
 
 
 
 
 
   Industrial
$
202,589

 
$
212,768

 
$
402,938

 
$
416,656

   Aerospace
112,356

 
109,310

 
212,581

 
217,521

   Intersegment sales
(4
)
 
(4
)
 
(4
)
 
(4
)
Total net sales
$
314,941

 
$
322,074

 
$
615,515

 
$
634,173

 
 
 
 
 
 
 
 
Operating profit
 
 
 
 
 
 
 
   Industrial
$
29,979

 
$
28,765

 
$
60,958

 
$
48,140

   Aerospace
20,670

 
16,616

 
33,586

 
32,366

Total operating profit
50,649

 
45,381

 
94,544

 
80,506

   Interest expense
2,586

 
2,804

 
5,306

 
6,123

   Other expense (income), net
237

 
792

 
318

 
1,027

Income before income taxes
$
47,826

 
$
41,785

 
$
88,920

 
$
73,356



 
June 30, 2015
 
December 31, 2014
Assets
 
 
 
   Industrial
$
1,251,669

 
$
1,281,974

   Aerospace
655,806

 
655,042

   Other (A)
171,168

 
136,869

Total assets
$
2,078,643

 
$
2,073,885


(A) "Other" assets include corporate-controlled assets, the majority of which are cash and deferred tax assets.