Business Segments (Tables)

9 Months Ended

Sep. 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   September 30,						Nine Months Ended   September 30,
	2017			2016 (1)			2017			2016 (1)
Net sales
Fluid & Metering Technologies
External customers	$	220,897		$	208,164		$	658,675		$	641,508
Intersegment sales	56			171			230			480
Total group sales	220,953			208,335			658,905			641,988
Health & Science Technologies
External customers	207,018			183,453			610,890			556,157
Intersegment sales	109			111			325			318
Total group sales	207,127			183,564			611,215			556,475
Fire & Safety/Diversified Products
External customers	146,575			138,739			431,843			384,959
Intersegment sales	24			28			186			37
Total group sales	146,599			138,767			432,029			384,996
Intersegment elimination	(189		)	(310		)	(741		)	(835		)
Total net sales	$	574,490		$	530,356		$	1,701,408		$	1,582,624
Operating income
Fluid & Metering Technologies	$	61,988		$	55,907		$	179,830		$	161,782
Health & Science Technologies	46,073			37,195			134,605			118,985
Fire & Safety/Diversified Products	36,199			32,492			106,022			92,566
Corporate office expense and other (2)	(17,756		)	(15,886		)	(53,149		)	(46,457		)
Total operating income	126,504			109,708			367,308			326,876
Interest expense	11,064			11,913			33,920			33,607
Other (income) expense - net	1,653			(1,513		)	1,717			(2,496		)
Income before income taxes	$	113,787		$	99,308		$	331,671		$	295,765
(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 nine months ended September 30, 2016 includes benefits of zero and $4.7 million, respectively, from the reversal of the contingent consideration related to a 2015 acquisition as well as a $2.1 million loss on sale of businesses - net.

	September 30, 2017		December 31, 2016
Assets
Fluid & Metering Technologies	$	1,112,788	$	1,065,670
Health & Science Technologies	1,281,823		1,266,036
Fire & Safety/Diversified Products	740,026		705,735
Corporate office	183,124		117,503
Total assets	$	3,317,761	$	3,154,944