Segment Results

9 Months Ended

Sep. 30, 2011

Segment Results [Abstract]

Segment Results

3. Segment Results

The Company's segments are reported on the same basis used internally for evaluating performance and for allocating resources. The Company has five reportable segments: Aerospace & Electronics, Engineered Materials, Merchandising Systems, Fluid Handling and Controls. Furthermore, Corporate consists of corporate office expenses including compensation, benefits, occupancy, depreciation, and other administrative costs. Assets of the reportable segments exclude general corporate assets, which principally consist of cash, deferred tax assets, insurance receivables, certain property, plant and equipment, and certain other assets.

Financial information by reportable segment is set forth below:

	Three Months Ended September 30,						Nine Months Endedd September 30,
(in thousands)	2011			2010			2011			2010
Net sales
Aerospace & Electronics	$	172,216		$	143,161		$	505,690		$	416,105
Engineered Materials		53,101			54,904			175,034			167,305
Merchandising Systems		98,815			77,199			287,703			221,897
Fluid Handling		303,553			255,842			856,660			758,218
Controls		31,771			29,608			89,162			80,294
Total	$	659,456		$	560,714		$	1,914,249		$	1,643,819
Operating profit (loss)
Aerospace & Electronics	$	35,640		$	25,368		$	106,839		$	76,072
Engineered Materials		5,919			7,965			25,192			26,677
Merchandising Systems		10,845			6,261			22,632			19,340
Fluid Handling		40,866			33,197			113,262			93,338
Controls		4,619			1,949			11,447			2,900
Corporate		(15,773	)		(11,861	)		(44,453	)		(36,864	)
Total		82,116			62,879			234,919			181,463
Interest income		442			299			1,121			760
Interest expense		(6,474	)		(6,738	)		(19,525	)		(20,121	)
Miscellaneous—net		(73	)		1,522			3,262	*		897
Income before income taxes	$	76,011		$	57,962		$	219,777		$	162,999

* Primarily related to the sale of a building in the first quarter of 2011.

	As of
(in thousands)	September 30, 2011		December 31, 2010
Assets
Aerospace & Electronics	$	519,532	$	498,775
Engineered Materials		255,591		255,340
Merchandising Systems		430,954		419,704
Fluid Handling		929,951		829,523
Controls		65,444		66,744
Corporate		532,717		636,611
Total	$	2,734,189	$	2,706,697

	As of
(in thousands)	September 30, 2011		December 31, 2010
Goodwill
Aerospace & Electronics	$	203,529	$	202,481
Engineered Materials		171,493		171,491
Merchandising Systems		197,391		197,453
Fluid Handling		221,210		210,695
Controls		28,108		28,165
Total	$	821,731	$	810,285