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Business Segments (Tables)
6 Months Ended
Jun. 30, 2018
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 sales, operating income and operating margin are the primary financial measures. Intersegment sales are accounted for at fair value as if the sales were to third parties.
 
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2018
 
2017
 
2018
 
2017
Net sales
 
 
 
 
 
 
 
Fluid & Metering Technologies
 
 
 
 
 
 
 
External customers
$
242,755

 
$
221,123

 
$
475,016

 
$
437,778

Intersegment sales
45

 
59

 
117

 
174

Total segment sales
242,800

 
221,182

 
475,133

 
437,952

Health & Science Technologies
 
 
 
 
 
 
 
External customers
227,367

 
204,297

 
448,334

 
403,872

Intersegment sales
36

 
112

 
144

 
216

Total segment sales
227,403

 
204,409

 
448,478

 
404,088

Fire & Safety/Diversified Products
 
 
 
 
 
 
 
External customers
164,238

 
147,946

 
323,334

 
285,268

Intersegment sales
62

 
37

 
139

 
162

Total segment sales
164,300

 
147,983

 
323,473

 
285,430

Intersegment elimination
(143
)
 
(208
)
 
(400
)
 
(552
)
Total net sales
$
634,360

 
$
573,366

 
$
1,246,684

 
$
1,126,918

Operating income
 
 
 
 
 
 
 
Fluid & Metering Technologies
$
71,228

 
$
60,029

 
$
137,394

 
$
117,842

Health & Science Technologies
52,569

 
46,294

 
104,375

 
88,532

Fire & Safety/Diversified Products
45,882

 
37,197

 
85,436

 
69,823

Corporate office
(21,848
)
 
(18,387
)
 
(42,691
)
 
(35,393
)
Total operating income
147,831

 
125,133

 
284,514

 
240,804

Interest expense
11,140

 
11,304

 
22,140

 
22,856

Other (income) expense - net
(50
)
 
372

 
(4,499
)
 
64

Income before income taxes
$
136,741

 
$
113,457

 
$
266,873

 
$
217,884


 
June 30,
2018
 
December 31,
2017
Assets
 
 
 
Fluid & Metering Technologies
$
1,125,901

 
$
1,101,580

Health & Science Technologies
1,311,052

 
1,323,373

Fire & Safety/Diversified Products
765,217

 
744,515

Corporate office
281,288

 
230,160

Total assets
$
3,483,458

 
$
3,399,628