Business Segments and Geographic Information (Tables)

12 Months Ended

Dec. 31, 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.

	2018			2017			2016
	(In thousands)
NET SALES
Fluid & Metering Technologies
External customers	$	951,275		$	880,648		$	848,708
Intersegment sales	277			309			393
Total segment sales	951,552			880,957			849,101
Health & Science Technologies
External customers	895,970			819,719			744,380
Intersegment sales	449			412			429
Total segment sales	896,419			820,131			744,809
Fire & Safety/Diversified Products
External customers	636,421			586,945			519,955
Intersegment sales	607			588			54
Total segment sales	637,028			587,533			520,009
Intersegment eliminations	(1,333		)	(1,309		)	(876		)
Total net sales	$	2,483,666		$	2,287,312		$	2,113,043
OPERATING INCOME (LOSS) (1)
Fluid & Metering Technologies	$	275,060		$	241,030		$	217,500
Health & Science Technologies	205,679			179,567			153,691
Fire & Safety/Diversified Products	168,601			147,028			123,605
Corporate office (2)	(80,252		)	(65,069		)	(82,399		)
Total operating income	569,088			502,556			412,397
Interest expense	44,134			44,889			45,616
Other (income) expense - net	(3,985		)	2,394			(1,731		)
Income before taxes	$	528,939		$	455,273		$	368,512

	2018		2017		2016
	(In thousands)
ASSETS
Fluid & Metering Technologies	$	1,107,777	$	1,101,580	$	1,065,670
Health & Science Technologies	1,329,368		1,323,373		1,266,036
Fire & Safety/Diversified Products	806,075		744,515		705,735
Corporate office	230,637		230,160		117,503
Total assets	$	3,473,857	$	3,399,628	$	3,154,944
DEPRECIATION AND AMORTIZATION (3)
Fluid & Metering Technologies	$	22,370	$	23,587	$	28,458
Health & Science Technologies	39,939		45,287		45,298
Fire & Safety/Diversified Products	14,493		14,541		11,956
Corporate office and other	742		801		1,180
Total depreciation and amortization	$	77,544	$	84,216	$	86,892
CAPITAL EXPENDITURES
Fluid & Metering Technologies	$	19,541	$	18,218	$	16,389
Health & Science Technologies	26,039		16,340		15,665
Fire & Safety/Diversified Products	10,318		6,363		5,945
Corporate office and other	191		2,937		243
Total capital expenditures	$	56,089	$	43,858	$	38,242

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

(2) 2017 includes a $9.3 million gain on the sale of a business and 2016 includes a $22.3 million loss on the sale of businesses - net.

(3) Excludes amortization of debt issuance expenses.

Schedule of Sales From External Customers and Long-Lived Assets

Information about the Company’s long-lived assets in different geographical regions for the years ended December 31, 2018, 2017 and 2016 is shown below.

	2018		2017		2016
	(In thousands)
LONG-LIVED ASSETS — PROPERTY, PLANT AND EQUIPMENT
U.S.	$	171,111	$	145,808	$	152,504
North America, excluding U.S.	3,398		3,627		1,533
Europe	85,100		85,932		71,681
Asia	21,355		22,613		21,793
Other	256		370		305
Total long-lived assets - net	$	281,220	$	258,350	$	247,816