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Revenue (Tables)
6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
 
Three Months Ended
June 30, 2020
 
Six Months Ended
June 30, 2020
 
Industrial
 
Aerospace
 
Total Company
 
Industrial
 
Aerospace
 
Total Company
Product and Services
 
 
 
 
 
 
 
 
 
 
 
Engineered Components Products
$
25,961

 
$
—

 
$
25,961

 
$
73,668

 
$
—

 
$
73,668

Molding Solutions Products
93,779

 
—

 
93,779

 
191,185

 
—

 
191,185

Force & Motion Control Products
34,646

 
—

 
34,646

 
74,437

 
—

 
74,437

Automation Products
10,643

 
—

 
10,643

 
24,838

 
—

 
24,838

Aerospace Original Equipment Manufacturer Products
—

 
44,617

 
44,617

 
—

 
126,323

 
126,323

Aerospace Aftermarket Products and Services
—

 
25,891

 
25,891

 
—

 
75,756

 
75,756

 
$
165,029

 
$
70,508

 
$
235,537

 
$
364,128

 
$
202,079

 
$
566,207

 
 
 
 
 
 
 
 
 
 
 
 
Geographic Regions (A)
 
 
 
 
 
 
 
 
 
 
 
Americas
$
53,911

 
$
47,627

 
$
101,538

 
$
134,555

 
$
140,205

 
$
274,760

Europe
68,351

 
14,440

 
82,791

 
150,215

 
39,603

 
189,818

Asia
41,763

 
7,537

 
49,300

 
77,256

 
19,233

 
96,489

Rest of World
1,004

 
904

 
1,908

 
2,102

 
3,038

 
5,140

 
$
165,029

 
$
70,508

 
$
235,537

 
$
364,128

 
$
202,079

 
$
566,207


 
Three Months Ended
June 30, 2019
 
Six Months Ended
June 30, 2019
 
Industrial
 
Aerospace
 
Total Company
 
Industrial
 
Aerospace
 
Total Company
Product and Services
 
 
 
 
 
 
 
 
 
 
 
Engineered Components Products
$
65,539

 
$
—

 
$
65,539

 
$
135,223

 
$
—

 
$
135,223

Molding Solutions Products
105,902

 
—

 
105,902

 
212,697

 
—

 
212,697

Force & Motion Control Products
47,454

 
—

 
47,454

 
99,070

 
—

 
99,070

Automation Products
14,509

 
—

 
14,509

 
28,916

 
—

 
28,916

Aerospace Original Equipment Manufacturer Products
—

 
93,884

 
93,884

 
—

 
181,822

 
181,822

Aerospace Aftermarket Products and Services
—

 
44,381

 
44,381

 
—

 
90,632

 
90,632

 
$
233,404

 
$
138,265

 
$
371,669

 
$
475,906

 
$
272,454

 
$
748,360

 
 
 
 
 
 
 
 
 
 
 
 
Geographic Regions (A)
 
 
 
 
 
 
 
 
 
 
 
Americas
$
87,146

 
$
102,127

 
$
189,273

 
$
185,434

 
$
198,271

 
$
383,705

Europe
89,650

 
23,390

 
113,040

 
184,080

 
47,714

 
231,794

Asia
55,469

 
12,203

 
67,672

 
104,411

 
24,607

 
129,018

Rest of World
1,139

 
545

 
1,684

 
1,981

 
1,862

 
3,843

 
$
233,404

 
$
138,265

 
$
371,669

 
$
475,906

 
$
272,454

 
$
748,360


(A) Sales by geographic region are based on the location to which the product is shipped.

Contract with Customer, Asset and Liability
Net contract liabilities consisted of the following:
 
June 30, 2020
 
December 31, 2019
 
$ Change
 
% Change
Unbilled receivables (contract assets)
$
31,677

 
$
22,444

 
$
9,233

 
41
 %
Contract liabilities
(52,386
)
 
(55,076
)
 
2,690

 
(5
)%
Net contract liabilities
$
(20,709
)
 
$
(32,632
)
 
$
11,923

 
(37
)%

Contract liabilities balances at June 30, 2020 and December 31, 2019 include $16,694 and $16,971,