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Business Segments (Tables)
9 Months Ended
Sep. 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 
 September 30,
 
Nine Months Ended 
 September 30,
 
2015
 
2014
 
2015
 
2014
Net sales
 
 
 
 
 
 
 
Fluid & Metering Technologies
 
 
 
 
 
 
 
External customers
$
211,971

 
$
223,018

 
$
644,886

 
$
671,891

Intersegment sales
130

 
240

 
756

 
828

Total group sales
212,101

 
223,258

 
645,642

 
672,719

Health & Science Technologies
 
 
 
 
 
 
 
External customers
184,816

 
189,975

 
550,612

 
558,716

Intersegment sales
77

 
877

 
1,806

 
4,183

Total group sales
184,893

 
190,852

 
552,418

 
562,899

Fire & Safety/Diversified Products
 
 
 
 
 
 
 
External customers
107,004

 
120,186

 
325,372

 
393,261

Intersegment sales
5

 
127

 
200

 
518

Total group sales
107,009

 
120,313

 
325,572

 
393,779

Intersegment elimination
(212
)
 
(1,244
)
 
(2,762
)
 
(5,529
)
Total net sales
$
503,791

 
$
533,179

 
$
1,520,870

 
$
1,623,868

Operating income
 
 
 
 
 
 
 
Fluid & Metering Technologies
$
46,910

 
$
54,791

 
$
154,665

 
$
166,821

Health & Science Technologies
38,371

 
42,214

 
117,888

 
114,580

Fire & Safety/Diversified Products
32,536

 
31,355

 
91,180

 
106,988

Corporate office income (expense) and other (1)
3,996

 
(17,513
)
 
(30,254
)
 
(51,619
)
Total operating income
121,813

 
110,847

 
333,479

 
336,770

Interest expense
10,229

 
10,461

 
31,410

 
31,323

Other (income) expense - net
(693
)
 
(944
)
 
(1,589
)
 
(1,651
)
Income before income taxes
$
112,277

 
$
101,330

 
$
303,658

 
$
307,098

 
 
 
 
 
 
 
 
(1) 2015 includes an $18.1 million gain on the sale of business.

 
September 30,
2015
 
December 31,
2014
Assets
 
 
 
Fluid & Metering Technologies
$
1,154,614

 
$
1,026,238

Health & Science Technologies
1,119,185

 
1,101,155

Fire & Safety/Diversified Products
453,554

 
510,841

Corporate office
143,009

 
269,836

Total assets
$
2,870,362

 
$
2,908,070