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Business Segments (Tables)
 6 Months Ended
Jun. 30, 2017
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 as if the sales were to third parties.
 
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2017
 
2016 (1)
 
2017
 
2016 (1)
Net sales
 
 
 
 
 
 
 
Fluid & Metering Technologies
 
 
 
 
 
 
 
External customers
$
221,123

 
$
221,635

 
$
437,778

 
$
433,344

Intersegment sales
59

 
175

 
174

 
309

Total group sales
221,182

 
221,810

 
437,952

 
433,653

Health & Science Technologies
 
 
 
 
 
 
 
External customers
204,297

 
186,453

 
403,872

 
372,704

Intersegment sales
112

 
115

 
216

 
207

Total group sales
204,409

 
186,568

 
404,088

 
372,911

Fire & Safety/Diversified Products
 
 
 
 
 
 
 
External customers
147,946

 
141,608

 
285,268

 
246,220

Intersegment sales
37

 
3

 
162

 
9

Total group sales
147,983

 
141,611

 
285,430

 
246,229

Intersegment elimination
(208
)
 
(293
)
 
(552
)
 
(525
)
Total net sales
$
573,366

 
$
549,696

 
$
1,126,918

 
$
1,052,268

Operating income
 
 
 
 
 
 
 
Fluid & Metering Technologies
$
60,029

 
$
54,172

 
$
117,842

 
$
105,875

Health & Science Technologies
46,294

 
41,108

 
88,532

 
81,790

Fire & Safety/Diversified Products
37,197

 
34,420

 
69,823

 
60,074

Corporate office expense and other (2)
(18,387
)
 
(15,877
)
 
(35,393
)
 
(30,571
)
Total operating income
125,133

 
113,823

 
240,804

 
217,168

Interest expense
11,304

 
11,205

 
22,856

 
21,694

Other (income) expense - net
372

 
(1,027
)
 
64

 
(983
)
Income before income taxes
$
113,457

 
$
103,645

 
$
217,884

 
$
196,457

(1) Certain amounts in the prior year income statement have been reclassified to conform to the current presentation due to the early adoption of ASU 2017-07.
(2) Corporate office expense for the three and six months ended June 30, 2016 includes benefits of $1.0 million and $4.7 million, respectively, from the reversal of the contingent consideration related to a 2015 acquisition.

 
June 30,
2017
 
December 31,
2016
Assets
 
 
 
Fluid & Metering Technologies
$
1,092,811

 
$
1,065,670

Health & Science Technologies
1,274,359

 
1,266,036

Fire & Safety/Diversified Products
727,423

 
705,735

Corporate office
129,572

 
117,503

Total assets
$
3,224,165

 
$
3,154,944