Information on Business Segments (Tables)

9 Months Ended

Sep. 30, 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 September 30,					Nine Months Ended September 30,
	2019		2018			2019		2018
Net sales
Industrial	$	231,688	$	244,133		$	707,594	$	739,677
Aerospace	140,899		125,665			413,353		372,102
Intersegment sales	—		(1		)	—		(7		)
Total net sales	$	372,587	$	369,797		$	1,120,947	$	1,111,772
Operating profit
Industrial	$	34,836	$	33,329		$	83,785	$	104,004
Aerospace	32,749		25,734			91,407		75,571
Total operating profit	67,585		59,063			175,192		179,575
Interest expense	5,344		4,054			15,856		12,078
Other expense (income), net	2,524		2,447			6,043		5,157
Income before income taxes	$	59,717	$	52,562		$	153,293	$	162,340

	September 30, 2019		December 31, 2018
Assets
Industrial	$	1,863,432	$	1,962,362
Aerospace	714,189		692,584
Other (A)	130,293		154,024
Total assets	$	2,707,914	$	2,808,970

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