Information on Business Segments (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Net sales
Aerospace(A)	$	231,934	$	156,090	$	671,262	$	395,362
Industrial	155,864		204,898		529,406		639,977
Intersegment sales	(4)		—		(4)		(10)
Total net sales	$	387,794	$	360,988	$	1,200,664	$	1,035,329
Operating profit (loss)
Aerospace(A)	$	35,319	$	3,622	$	95,749	$	38,953
Industrial(B)	6,502		6,368		(16,359)		20,330
Total operating profit	41,821		9,990		79,390		59,283
Interest expense	19,573		22,792		65,216		34,612
Other expense (income), net	517		(874)		1,367		(2,427)
Income (loss) before income taxes	$	21,731	$	(11,928)	$	12,807	$	27,098

(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 nine months ended September 30, 2024. MB Aerospace's results have also have been included from the acquisition date on August 31, 2023 through September 30, 2023, for the three and nine months ended September 30, 2023.

(B) Industrial operating losses in the nine-month period ended September 30, 2024 include a $53,694 goodwill impairment charge. See Note 9. In addition, operating losses include a $5,420 pre-tax gain on the sale of the Businesses for the nine-month period ended September 30, 2024. See Note 4.

	September 30, 2024		December 31, 2023
Assets
Aerospace	$	1,520,837	$	1,465,347
Industrial	1,421,132		1,685,304
Other (A)	133,063		157,363
Total assets	$	3,075,032	$	3,308,014

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