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Business Segments (Tables)
6 Months Ended
Jun. 30, 2015
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 
 June 30,
 
Six Months Ended 
 June 30,
 
2015
 
2014
 
2015
 
2014
Net sales
 
 
 
 
 
 
 
Fluid & Metering Technologies
 
 
 
 
 
 
 
External customers
$
214,983

 
$
225,866

 
$
432,915

 
$
448,873

Intersegment sales
310

 
234

 
626

 
588

Total group sales
215,293

 
226,100

 
433,541

 
449,461

Health & Science Technologies
 
 
 
 
 
 
 
External customers
188,046

 
184,849

 
365,796

 
368,741

Intersegment sales
359

 
823

 
1,729

 
3,306

Total group sales
188,405

 
185,672

 
367,525

 
372,047

Fire & Safety/Diversified Products
 
 
 
 
 
 
 
External customers
111,852

 
135,978

 
218,368

 
273,075

Intersegment sales
89

 
204

 
195

 
391

Total group sales
111,941

 
136,182

 
218,563

 
273,466

Intersegment elimination
(758
)
 
(1,261
)
 
(2,550
)
 
(4,285
)
Total net sales
$
514,881

 
$
546,693

 
$
1,017,079

 
$
1,090,689

Operating income
 
 
 
 
 
 
 
Fluid & Metering Technologies
$
51,857

 
$
55,623

 
$
107,755

 
$
112,030

Health & Science Technologies
42,060

 
36,137

 
79,517

 
72,366

Fire & Safety/Diversified Products
31,482

 
35,985

 
58,644

 
75,633

Corporate office and other
(15,490
)
 
(15,657
)
 
(34,250
)
 
(34,106
)
Total operating income
109,909

 
112,088

 
211,666

 
225,923

Interest expense
10,584

 
10,405

 
21,181

 
20,862

Other (income) expense - net
827

 
137

 
(896
)
 
(707
)
Income before income taxes
$
98,498

 
$
101,546

 
$
191,381

 
$
205,768


 
June 30,
2015
 
December 31,
2014
Assets
 
 
 
Fluid & Metering Technologies
$
1,161,544

 
$
1,026,238

Health & Science Technologies
1,121,965

 
1,101,155

Fire & Safety/Diversified Products
461,302

 
510,841

Corporate office
158,547

 
269,836

Total assets
$
2,903,358

 
$
2,908,070