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Segment Information
 6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information
The following is a summary of the financial information of the reportable segments reconciled to the amounts reported in the condensed consolidated financial statements:
Three Months Ended June 30, 2014
 
 
 
 
 
 
 
 
 
 
 (Amounts in thousands)
Engineered Product Division
 
Industrial Product Division
 
Flow Control Division
 
Subtotal–Reportable Segments
 
Eliminations and All Other
 
Consolidated Total
Sales to external customers
$
592,921

 
$
226,841

 
$
404,616

 
$
1,224,378

 
$
—

 
$
1,224,378

Intersegment sales
16,270

 
11,217

 
1,769

 
29,256

 
(29,256
)
 
—

Segment operating income
103,769

 
31,556

 
79,129

 
214,454

 
(20,139
)
 
194,315

 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2013
 
 
 
 
 
 
 
 
 
 
 (Amounts in thousands)
Engineered Product Division
 
Industrial Product Division
 
Flow Control Division
 
Subtotal–Reportable Segments
 
Eliminations and All Other
 
Consolidated Total
Sales to external customers
$
607,607

 
$
222,234

 
$
409,685

 
$
1,239,526

 
$
—

 
$
1,239,526

Intersegment sales
17,344

 
16,649

 
1,486

 
35,479

 
(35,479
)
 
—

Segment operating income
98,187

 
30,482

 
72,867

 
201,536

 
(18,015
)
 
183,521


 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2014
 
 
 
 
 
 
 
 
 
 
 (Amounts in thousands)
Engineered Product Division
 
Industrial Product Division
 
Flow Control Division
 
Subtotal–Reportable Segments
 
Eliminations and All Other
 
Consolidated Total
Sales to external customers
$
1,082,219

 
$
423,848

 
$
786,447

 
$
2,292,514

 
$
—

 
$
2,292,514

Intersegment sales
32,198

 
26,032

 
2,877

 
61,107

 
(61,107
)
 
—

Segment operating income
183,093

 
54,874

 
162,262

 
400,229

 
(41,589
)
 
358,640

 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2013
 
 
 
 
 
 
 
 
 
 
 (Amounts in thousands)
Engineered Product Division
 
Industrial Product Division
 
Flow Control Division
 
Subtotal–Reportable Segments
 
Eliminations and All Other
 
Consolidated Total
Sales to external customers
$
1,131,381

 
$
413,180

 
$
791,561

 
$
2,336,122

 
$
—

 
$
2,336,122

Intersegment sales
33,260

 
37,003

 
3,640

 
73,903

 
(73,903
)
 
—

Segment operating income
182,790

 
51,835

 
160,036

 
394,661

 
(40,661
)
 
354,000