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Information on Business Segments (Tables)
3 Months Ended
Mar. 31, 2020
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,
 
2020
 
2019
Net sales
 
 
 
Industrial
$
199,100

 
$
242,502

Aerospace
131,571

 
134,190

Intersegment sales

 

Total net sales
$
330,671

 
$
376,692

 
 
 
 
Operating profit
 
 
 
Industrial
$
17,924

 
$
21,502

Aerospace
31,389

 
29,147

Total operating profit
49,313

 
50,649

Interest expense
4,324

 
5,113

Other expense (income), net
1,594

 
1,806

Income before income taxes
$
43,395

 
$
43,730

 
March 31, 2020
 
December 31, 2019
Assets
 
 
 
Industrial
$
1,789,094

 
$
1,879,258

Aerospace
706,104

 
704,318

Other (A)
172,407

 
154,759

Total assets
$
2,667,605

 
$
2,738,335


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