Information on Business Segments (Tables)

6 Months Ended

Jun. 30, 2021

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 June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Net sales
Industrial	$	234,679	$	165,031	$	454,671	$	364,131
Aerospace	86,485		70,508		168,127		202,079
Intersegment sales	(6)		(2)		(11)		(3)
Total net sales	$	321,158	$	235,537	$	622,787	$	566,207
Operating profit (loss)
Industrial	$	27,273	$	(300)	$	48,568	$	17,625
Aerospace	11,270		10,415		22,355		41,804
Total operating profit	38,543		10,115		70,923		59,429
Interest expense	4,475		3,898		8,416		8,223
Other expense (income), net	1,272		1,060		2,734		2,654
Income before income taxes	$	32,796	$	5,157	$	59,773	$	48,552

	June 30, 2021		December 31, 2020
Assets
Industrial	$	1,872,730	$	1,908,389
Aerospace	601,093		623,547
Other (A)	153,048		144,290
Total assets	$	2,626,871	$	2,676,226

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