Business Segments (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31,
	2021		2020
Net sales
Fluid & Metering Technologies
External customers	$	243,066	$	226,712
Intersegment sales	299		149
Total segment sales	243,365		226,861
Health & Science Technologies
External customers	249,507		223,456
Intersegment sales	862		603
Total segment sales	250,369		224,059
Fire & Safety/Diversified Products
External customers	159,463		144,294
Intersegment sales	21		30
Total segment sales	159,484		144,324
Intersegment elimination	(1,182)		(782)
Total net sales	$	652,036	$	594,462
Operating income (loss) (1)
Fluid & Metering Technologies	$	62,897	$	66,771
Health & Science Technologies	66,650		52,643
Fire & Safety/Diversified Products	44,560		38,037
Corporate office and other	(18,560)		(17,510)
Total operating income	155,547		139,941
Interest expense	10,776		10,877
Other (income) expense - net	(848)		1,565
Income before income taxes	$	145,619	$	127,499

	March 31, 2021		December 31, 2020
Assets
Fluid & Metering Technologies	$	1,532,987	$	1,387,067
Health & Science Technologies	1,563,473		1,576,093
Fire & Safety/Diversified Products	798,494		891,864
Corporate office and other	565,777		559,374
Total assets	$	4,460,731	$	4,414,398

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