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Information on Business Segments (Tables)
3 Months Ended
Mar. 31, 2019
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,
 
2019
 
2018
Net sales
 
 
 
   Industrial
$
242,502

 
$
245,967

   Aerospace
134,190

 
120,699

   Intersegment sales

 
(6
)
Total net sales
$
376,692

 
$
366,660

 
 
 
 
Operating profit
 
 
 
   Industrial
$
21,502

 
$
32,378

   Aerospace
29,147

 
24,255

Total operating profit
50,649

 
56,633

   Interest expense
5,113

 
3,892

   Other expense (income), net
1,806

 
1,763

Income before income taxes
$
43,730

 
$
50,978



 
March 31, 2019
 
December 31, 2018
Assets
 
 
 
   Industrial
$
1,934,014

 
$
1,962,362

   Aerospace
706,633

 
692,584

   Other (A)
159,028

 
154,024

Total assets
$
2,799,675

 
$
2,808,970


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