Business Segments

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Business Segments

Business Segments

The Company has three reportable business segments: Fluid & Metering Technologies, Health & Science Technologies and Fire & Safety/Diversified Products.

The Fluid & Metering Technologies segment designs, produces and distributes positive displacement pumps, flow meters, injectors, and other fluid-handling pump modules and systems and provides flow monitoring and other services for the water and wastewater industries. The Health & Science Technologies segment designs, produces and distributes a wide range of precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction and drying systems used in beverage, food processing, pharmaceutical and cosmetics, pneumatic components and sealing solutions, very high precision, low-flow rate pumping solutions required in analytical instrumentation, clinical diagnostics and drug discovery, high performance molded and extruded, biocompatible medical devices and implantables, air compressors used in medical, dental and industrial applications, optical components and coatings for applications in the fields of scientific research, defense, biotechnology, aerospace, semiconductor, telecommunications and electronics manufacturing, laboratory and commercial equipment used in the production of micro and nano scale materials, precision photonic solutions used in life sciences, research and defense markets, and precision gear and peristaltic pump technologies that meet exacting original equipment manufacturer specifications. The Fire & Safety/Diversified Products segment produces firefighting pumps and controls, rescue tools, lifting bags and other components and systems for the fire and rescue industry, engineered stainless steel banding and clamping devices used in a variety of industrial and commercial applications, and precision equipment for dispensing, metering and mixing colorants and paints used in a variety of retail and commercial businesses around the world.

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 as if the sales were to third parties.

	Three Months Ended   March 31,
	2016			2015
Net sales
Fluid & Metering Technologies
External customers	$	211,709		$	217,932
Intersegment sales	134			316
Total group sales	211,843			218,248
Health & Science Technologies
External customers	186,251			177,750
Intersegment sales	92			1,370
Total group sales	186,343			179,120
Fire & Safety/Diversified Products
External customers	104,612			106,516
Intersegment sales	6			106
Total group sales	104,618			106,622
Intersegment elimination	(232		)	(1,792		)
Total net sales	$	502,572		$	502,198
Operating income
Fluid & Metering Technologies	$	51,401		$	55,898
Health & Science Technologies	40,699			37,457
Fire & Safety/Diversified Products	25,404			27,162
Corporate office and other	(14,947		)	(18,760		)
Total operating income	102,557			101,757
Interest expense	10,489			10,597
Other (income) expense - net	(744		)	(1,723		)
Income before income taxes	$	92,812		$	92,883

	March 31, 2016		December 31, 2015
Assets
Fluid & Metering Technologies	$	1,139,577	$	1,125,266
Health & Science Technologies	1,123,683		1,108,302
Fire & Safety/Diversified Products	742,918		448,867
Corporate office	136,120		123,008
Total assets	$	3,142,298	$	2,805,443