Information on Business Segments (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Net sales
Industrial	$	196,916	$	231,688	$	561,047	$	707,594
Aerospace	72,148		140,899		274,227		413,353
Intersegment sales	(5)		—		(8)		—
Total net sales	$	269,059	$	372,587	$	835,266	$	1,120,947
Operating profit
Industrial	$	24,438	$	34,836	$	42,063	$	83,785
Aerospace	6,805		32,749		48,609		91,407
Total operating profit	31,243		67,585		90,672		175,192
Interest expense	3,701		5,344		11,924		15,856
Other expense (income), net	47		2,524		2,700		6,043
Income before income taxes	$	27,495	$	59,717	$	76,048	$	153,293

	September 30, 2020		December 31, 2019
Assets
Industrial	$	1,834,736	$	1,879,258
Aerospace	631,765		704,318
Other (A)	143,615		154,759
Total assets	$	2,610,116	$	2,738,335

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