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Information on Business Segments (Tables)
3 Months Ended
Mar. 31, 2018
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 March 31,
 
2018
 
2017
Net sales
 
 
 
   Industrial
$
245,967

 
$
227,340

   Aerospace
120,699

 
114,470

   Intersegment sales
(6
)
 
(8
)
Total net sales
$
366,660

 
$
341,802

 
 
 
 
Operating profit
 
 
 
   Industrial
$
32,378

 
$
33,903

   Aerospace
24,255

 
22,375

Total operating profit
56,633

 
56,278

   Interest expense
3,892

 
3,349

   Other expense (income), net
1,763

 
553

Income before income taxes
$
50,978

 
$
52,376



 
March 31, 2018
 
December 31, 2017
Assets
 
 
 
   Industrial
$
1,574,386

 
$
1,505,355

   Aerospace
675,741

 
667,085

   Other (A)
166,069

 
193,276

Total assets
$
2,416,196

 
$
2,365,716


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