Information on Business Segments (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Net sales
Industrial	$	231,549	$	196,916	$	686,220	$	561,047
Aerospace	93,511		72,148		261,639		274,227
Intersegment sales	(1)		(5)		(13)		(8)
Total net sales	$	325,059	$	269,059	$	947,846	$	835,266
Operating profit
Industrial	$	30,067	$	24,438	$	78,635	$	42,063
Aerospace	13,642		6,805		35,997		48,609
Total operating profit	43,709		31,243		114,632		90,672
Interest expense	4,027		3,701		12,443		11,924
Other expense (income), net	1,217		47		3,952		2,700
Income before income taxes	$	38,465	$	27,495	$	98,237	$	76,048

	September 30, 2021		December 31, 2020
Assets
Industrial	$	1,840,602	$	1,908,389
Aerospace	590,251		623,547
Other (A)	155,736		144,290
Total assets	$	2,586,589	$	2,676,226

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