Income Taxes	6 Months Ended
Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company's effective tax rate for the first half of 2020 was 37.6% compared with 23.5% in the first half of 2019 and 23.4% for the full year 2019 (effective tax rates of 31.5% and 89.0% in the first and second quarters of 2020, respectively). The increase in the first half of 2020 effective tax rate from the full year 2019 rate is primarily due to a decrease in projected earnings in jurisdictions with lower rates and the recognition of tax expense related to the completed sale of the Seeger business during the first quarter of 2020 ($4,211), partially offset by a benefit related to a refund of withholding taxes that were previously paid and included in tax expense in prior years and a reduction of the statutory tax rate at one of our international operations, both of which were recognized in the first quarter of 2020. The Aerospace and Industrial segments have a number of multi-year tax holidays in Singapore and China. These holidays are subject to the Company meeting certain commitments in the respective jurisdictions. Aerospace was granted an income tax holiday for operations recently established in Malaysia. The Company currently anticipates the holiday to begin in September 2020, however, due to the impact of the COVID-19 pandemic, the start date of the holiday may be delayed. The holiday will remain effective for ten years.

Income Taxes

6 Months Ended

Jun. 30, 2020

The Company's effective tax rate for the first half of 2020 was 37.6% compared with 23.5% in the first half of 2019 and 23.4% for the full year 2019 (effective tax rates of 31.5% and 89.0% in the first and second quarters of 2020, respectively). The increase in the first half of 2020 effective tax rate from the full year 2019 rate is primarily due to a decrease in projected earnings in jurisdictions with lower rates and the recognition of tax expense related to the completed sale of the Seeger business during the first quarter of 2020 ($4,211), partially offset by a benefit related to a refund of withholding taxes that were previously paid and included in tax expense in prior years and a reduction of the statutory tax rate at one of our international operations, both of which were recognized in the first quarter of 2020.

The Aerospace and Industrial segments have a number of multi-year tax holidays in Singapore and China. These holidays are subject to the Company meeting certain commitments in the respective jurisdictions. Aerospace was granted an income tax holiday for operations recently established in Malaysia. The Company currently anticipates the holiday to begin in September 2020, however, due to the impact of the COVID-19 pandemic, the start date of the holiday may be delayed. The holiday will remain effective for ten years.