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Business Segments (Tables)
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Schedule of Information On Company's Business Segments
Information on the Company’s business segments is presented below, based on the nature of products and services offered. The Company evaluates performance based on several factors, of which operating income is the primary financial measure. Intersegment sales are accounted for at fair value as if the sales were to third parties.
 
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2014
 
2013
 
2014
 
2013
Net sales
 
 
 
 
 
 
 
Fluid & Metering Technologies
 
 
 
 
 
 
 
External customers
$
223,018

 
$
212,054

 
$
671,891

 
$
648,675

Intersegment sales
240

 
283

 
828

 
905

Total group sales
223,258

 
212,337

 
672,719

 
649,580

Health & Science Technologies
 
 
 
 
 
 
 
External customers
189,975

 
177,674

 
558,716

 
528,459

Intersegment sales
877

 
954

 
4,183

 
3,904

Total group sales
190,852

 
178,628

 
562,899

 
532,363

Fire & Safety/Diversified Products
 
 
 
 
 
 
 
External customers
120,186

 
100,889

 
393,261

 
326,376

Intersegment sales
127

 
188

 
518

 
450

Total group sales
120,313

 
101,077

 
393,779

 
326,826

Intersegment elimination
(1,244
)
 
(1,425
)
 
(5,529
)
 
(5,259
)
Total net sales
$
533,179

 
$
490,617

 
$
1,623,868

 
$
1,503,510

Operating income
 
 
 
 
 
 
 
Fluid & Metering Technologies
$
54,791

 
$
51,736

 
$
166,821

 
$
155,930

Health & Science Technologies
42,214

 
36,775

 
114,580

 
103,564

Fire & Safety/Diversified Products
31,355

 
22,119

 
106,988

 
74,027

Corporate office and other
(17,513
)
 
(13,261
)
 
(51,619
)
 
(41,881
)
Total operating income
110,847

 
97,369

 
336,770

 
291,640

Interest expense
10,461

 
10,570

 
31,323

 
31,724

Other (income) expense - net
(944
)
 
188

 
(1,651
)
 
(518
)
Income before income taxes
$
101,330

 
$
86,611

 
$
307,098

 
$
260,434


 
September 30,
2014
 
December 31,
2013
Assets
 
 
 
Fluid & Metering Technologies
$
1,029,719

 
$
1,025,352

Health & Science Technologies
1,127,605

 
1,113,546

Fire & Safety/Diversified Products
512,585

 
484,139

Corporate office
269,403

 
264,540

Total assets
$
2,939,312

 
$
2,887,577