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SEGMENT INFORMATION (Table)
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information By Segment
 
 
(In thousands)
 
 
Three Months Ended
 
 
March 31,
 
 
2016
 
2015
Net sales
 
 
 
 
Commercial/Industrial
 
$
275,205

 
$
299,898

Defense
 
105,730

 
114,352

Power
 
123,746

 
135,135

Less: Intersegment revenues
 
(1,174
)
 
(3,186
)
Total consolidated
 
$
503,507

 
$
546,199

 
 
 
 
 
Operating income (expense)
 
 
 
 
Commercial/Industrial
 
$
30,052

 
$
43,289

Defense
 
16,845

 
18,027

Power
 
14,628

 
19,512

Corporate and eliminations (1)
 
(4,262
)
 
(7,993
)
Total consolidated
 
$
57,263

 
$
72,835


(1) Corporate and eliminations includes pension and other postretirement benefit expense, certain environmental costs related to remediation at legacy sites, foreign currency transactional gains and losses, and certain other expenses.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated

 
 
(In thousands)
 
 
Three Months Ended
 
 
March 31,
 
 
2016
 
2015
Total operating income
 
$
57,263

 
$
72,835

Interest expense
 
9,933

 
8,996

Other income, net
 
(234
)
 
(481
)
Earnings before income taxes
 
$
47,564

 
$
64,320

Reconciliation Of Assets From Segment To Consolidated
 
(In thousands)
 
March 31, 2016
 
December 31, 2015
Identifiable assets
 
 
 
Commercial/Industrial
$
1,502,825

 
$
1,480,052

Defense
804,191

 
800,613

Power
539,730

 
629,612

Corporate and Other
116,906

 
79,334

Total consolidated
$
2,963,652

 
$
2,989,611