Information on Business Segments (Tables)

6 Months Ended

Jun. 30, 2024

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,
	2024		2023		2024		2023
Net sales
Aerospace(A)	$	217,958	$	122,015	$	439,328	$	239,272
Industrial	164,274		216,971		373,542		435,079
Intersegment sales	—		(2)		—		(10)
Total net sales	$	382,232	$	338,984	$	812,870	$	674,341
Operating (loss) profit
Aerospace(A)	$	29,344	$	16,580	$	60,430	$	35,331
Industrial(B)	(31,457)		9,429		(22,861)		13,962
Total operating (loss) profit	(2,113)		26,009		37,569		49,293
Interest expense	20,812		6,512		45,643		11,819
Other expense (income), net	(845)		(2,894)		850		(1,553)
(Loss) income before income taxes	$	(22,080)	$	22,391	$	(8,924)	$	39,027

(A) The results of MB Aerospace have been included within the Company's Condensed Consolidated Financial Statements in the Aerospace segment for the three and six months ended June 30, 2024.

(B) Industrial operating losses in the three and six-month periods ended June 30, 2024 include a $53,694 goodwill impairment charge. See Note 8. In addition, operating losses include a $10,204 and $7,071 pre-tax gain on the sale of the Businesses for the three and six month periods ended June 30, 2024, respectively. See Note 3.

	June 30, 2024		December 31, 2023
Assets
Aerospace	$	1,487,041	$	1,465,347
Industrial	1,392,770		1,685,304
Other (A)	157,276		157,363
Total assets	$	3,037,087	$	3,308,014

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