XML 42 R31.htm IDEA: XBRL DOCUMENT v3.19.2
Business Segments (Tables)
 6 Months Ended
Jun. 30, 2019
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,
 
2019
 
2018
 
2019
 
2018
Net sales
 
 
 
 
 
 
 
Fluid & Metering Technologies
 
 
 
 
 
 
 
External customers
$
246,111

 
$
242,755

 
$
488,447

 
$
475,016

Intersegment sales
78

 
45

 
264

 
117

Total segment sales
246,189

 
242,800

 
488,711

 
475,133

Health & Science Technologies
 
 
 
 
 
 
 
External customers
232,172

 
227,367

 
456,860

 
448,334

Intersegment sales
81

 
36

 
683

 
144

Total segment sales
232,253

 
227,403

 
457,543

 
448,478

Fire & Safety/Diversified Products
 
 
 
 
 
 
 
External customers
163,816

 
164,238

 
319,023

 
323,334

Intersegment sales
227

 
62

 
1,179

 
139

Total segment sales
164,043

 
164,300

 
320,202

 
323,473

Intersegment elimination
(386
)
 
(143
)
 
(2,126
)
 
(400
)
Total net sales
$
642,099

 
$
634,360

 
$
1,264,330

 
$
1,246,684

Operating income
 
 
 
 
 
 
 
Fluid & Metering Technologies
$
74,146

 
$
71,228

 
$
146,012

 
$
137,394

Health & Science Technologies
56,763

 
52,569

 
110,917

 
104,375

Fire & Safety/Diversified Products
43,614

 
45,882

 
83,942

 
85,436

Corporate office
(19,240
)
 
(21,848
)
 
(37,806
)
 
(42,691
)
Total operating income
155,283

 
147,831

 
303,065

 
284,514

Interest expense
11,011

 
11,140

 
21,932

 
22,140

Other (income) expense - net
(378
)
 
(50
)
 
(518
)
 
(4,499
)
Income before income taxes
$
144,650

 
$
136,741

 
$
281,651

 
$
266,873

 
June 30,
2019
 
December 31,
2018
Assets
 
 
 
Fluid & Metering Technologies
$
1,128,514

 
$
1,107,777

Health & Science Technologies
1,375,385

 
1,329,368

Fire & Safety/Diversified Products
820,244

 
806,075

Corporate office
316,072

 
230,637

Total assets
$
3,640,215

 
$
3,473,857