Business Segments and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Schedule of Information On Company's Business Segments

	2016			2015			2014
	(In thousands)
NET SALES
Fluid & Metering Technologies
External customers	$	848,708		$	859,945		$	898,530
Intersegment sales	393			847			1,058
Total segment sales	849,101			860,792			899,588
Health & Science Technologies
External customers	744,380			737,011			747,186
Intersegment sales	429			1,985			4,835
Total segment sales	744,809			738,996			752,021
Fire & Safety/Diversified Products
External customers	519,955			423,712			502,051
Intersegment sales	54			203			698
Total segment sales	520,009			423,915			502,749
Intersegment eliminations	(876		)	(3,035		)	(6,591		)
Total net sales	$	2,113,043		$	2,020,668		$	2,147,767
OPERATING INCOME (LOSS) (1)
Fluid & Metering Technologies	$	214,242		$	204,506		$	216,886
Health & Science Technologies	153,722			157,948			152,999
Fire & Safety/Diversified Products	121,888			115,745			130,494
Corporate office (2)	(84,051		)	(46,461		)	(69,155		)
Total operating income	405,801			431,738			431,224
Interest expense	45,616			41,636			41,895
Other (income) expense - net	(8,327		)	(2,243		)	(3,111		)
Income before taxes	$	368,512		$	392,345		$	392,440

	2016		2015		2014
	(In thousands)
ASSETS
Fluid & Metering Technologies	$	1,065,670	$	1,125,266	$	1,026,238
Health & Science Technologies	1,266,036		1,108,302		1,101,155
Fire & Safety/Diversified Products	705,735		448,867		510,841
Corporate office (3)	117,503		123,008		265,229
Total assets	$	3,154,944	$	2,805,443	$	2,903,463
DEPRECIATION AND AMORTIZATION (4)
Fluid & Metering Technologies	$	28,458	$	27,662	$	26,453
Health & Science Technologies	45,298		42,827		42,478
Fire & Safety/Diversified Products	11,956		6,051		6,583
Corporate office and other	1,180		1,580		1,393
Total depreciation and amortization	$	86,892	$	78,120	$	76,907
CAPITAL EXPENDITURES
Fluid & Metering Technologies	$	16,389	$	22,846	$	18,215
Health & Science Technologies	15,665		13,104		19,161
Fire & Safety/Diversified Products	5,945		5,804		6,761
Corporate office and other	243		2,022		3,860
Total capital expenditures	$	38,242	$	43,776	$	47,997

(1) Segment operating income (loss) excludes net unallocated corporate operating expenses.

(2) 2016 includes a $22.3 million loss on the sale of businesses - net and 2015 includes an $18.1 million gain on the sale of a business.

(3) 2014 balance has been reclassified to conform to the current presentation for ASU 2015-03.

(4) Excludes amortization of debt issuance expenses.

Schedule of Sales From External Customers and Long-Lived Assets

Information about the Company’s operations in different geographical regions for the years ended December 31, 2016, 2015 and 2014 is shown below. Net sales were attributed to geographic areas based on location of the customer and no country outside the U.S. was greater than 10% of total revenues.

	2016		2015		2014
	(In thousands)
NET SALES
U.S.	$	1,067,333	$	1,015,277	$	1,068,758
North America, excluding U.S.	84,836		85,852		95,917
Europe	517,179		490,435		527,975
Asia	340,624		325,507		337,668
Other	103,071		103,597		117,449
Total net sales	$	2,113,043	$	2,020,668	$	2,147,767
LONG-LIVED ASSETS — PROPERTY, PLANT AND EQUIPMENT
U.S.	$	152,504	$	144,508	$	139,702
North America, excluding U.S.	1,533		643		814
Europe	71,681		69,082		54,088
Asia	21,793		26,498		24,912
Other	305		214		27
Total long-lived assets — net	$	247,816	$	240,945	$	219,543