Business Segments

3 Months Ended

Mar. 31, 2012

Business Segments [Abstract]

Business Segments

4.    Business Segments

The Company has three reportable business segments: Fluid & Metering Technologies, Health & Science Technologies and Fire & Safety/Diversified Products.

The Fluid & Metering Technologies segment designs, produces and distributes positive displacement pumps, flow meters, injectors, and other fluid-handling pump modules and systems and provides flow monitoring and other services for the water and wastewater industries. The Health & Science Technologies segment designs, produces and distributes a wide range of precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction and drying systems used in beverage, food processing, pharmaceutical and cosmetics, pneumatic components and sealing solutions, including very high precision, low-flow rate pumping solutions required in analytical instrumentation, clinical diagnostics and drug discovery, high performance molded and extruded, biocompatible medical devices and implantables, air compressors used in medical, dental and industrial applications, optical components and coatings for applications in the fields of scientific research, defense, aerospace, telecommunications and electronics manufacturing, laboratory and commercial equipment used in the production of micro and nano scale materials, precision photonic solutions used in life sciences, research and defense markets, and precision gear and peristaltic pump technologies that meet exacting original equipment manufacturer specifications. The Fire & Safety/Diversified Products segment produces firefighting pumps and controls, rescue tools, lifting bags and other components and systems for the fire and rescue industry, and engineered stainless steel banding and clamping devices used in a variety of industrial and commercial applications, precision equipment for dispensing, metering and mixing colorants and paints used in a variety of retail and commercial businesses around the world.

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 operating income is the primary financial measure. Intersegment sales are accounted for at fair value as if the sales were to third parties. Certain prior year amounts have been revised to include the Dispensing Equipment segment as part of the Fire & Safety/Diversified Products segment and to reflect the movement of our Trebor business unit from the Health & Science Technologies segment to the Fluid & Metering Technologies segment.

	Three Months Ended March 31
	2012			2011
	(In thousands)
Net sales:
Fluid & Metering Technologies:
External customers	$	212,466		$	199,534
Intersegment sales		252			140
Total group sales		212,718			199,674
Health & Science Technologies:
External customers		173,221			128,913
Intersegment sales		565			321
Total group sales		173,786			129,234
Fire & Safety/Diversified Products:
External customers		103,730			98,642
Intersegment sales		320			245
Total group sales		104,050			98,887
Intersegment elimination		(1,137	)		(706	)
Total net sales	$	489,417		$	427,089
Operating income and income before income taxes:
Fluid & Metering Technologies	$	44,526		$	41,852
Health & Science Technologies		30,270			29,499
Fire & Safety/Diversified Products		23,688			21,142
Corporate office and other		(13,915	)		(14,772	)
Total operating income		84,569			77,721
Interest expense		10,662			6,454
Other income (expense)-net		117			(907	)
Income before income taxes	$	74,024		$	70,360

	March 31, 2012		December 31, 2011
	(In thousands)
Assets:
Fluid & Metering Technologies	$	1,084,657	$	1,072,023
Health & Science Technologies		1,179,668		1,178,653
Fire & Safety/Diversified Products		465,240		442,400
Corporate office and other(1)		149,561		143,031
Total assets	$	2,879,126	$	2,836,107

(1) Includes intersegment eliminations.