Business Segments (Tables)

9 Months Ended

Sep. 30, 2020

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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Net sales
Fluid & Metering Technologies
External customers	$	220,553	$	240,758	$	666,187	$	729,205
Intersegment sales	194		103		533		367
Total segment sales	220,747		240,861		666,720		729,572
Health & Science Technologies
External customers	219,671		228,988		658,361		685,848
Intersegment sales	707		622		1,744		1,305
Total segment sales	220,378		229,610		660,105		687,153
Fire & Safety/Diversified Products
External customers	140,889		154,500		412,276		473,523
Intersegment sales	7		43		20		1,222
Total segment sales	140,896		154,543		412,296		474,745
Intersegment elimination	(908)		(768)		(2,297)		(2,894)
Total net sales	$	581,113	$	624,246	$	1,736,824	$	1,888,576
Operating income
Fluid & Metering Technologies	$	58,402	$	77,481	$	176,111	$	223,493
Health & Science Technologies	49,912		40,170		150,562		151,087
Fire & Safety/Diversified Products	37,103		41,967		103,977		125,909
Corporate office	(14,204)		(17,853)		(48,902)		(55,659)
Total operating income	131,213		141,765		381,748		444,830
Interest expense	10,642		11,330		33,958		33,262
Other (income) expense - net	(704)		1,219		7,321		701
Income before income taxes	$	121,275	$	129,216	$	340,469	$	410,867

	September 30, 2020		December 31, 2019
Assets
Fluid & Metering Technologies	$	1,327,303	$	1,150,712
Health & Science Technologies	1,535,745		1,507,108
Fire & Safety/Diversified Products	838,747		825,398
Corporate office	523,800		330,694
Total assets	$	4,225,595	$	3,813,912