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Business Segments (Tables)
3 Months Ended
Mar. 31, 2013
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 operating income is the primary financial measure. Intersegment sales are accounted for at fair value as if the sales were to third parties.

 

     Three Months
Ended
March 31,
 
     2013     2012  
     (In thousands)  

Net sales:

    

Fluid & Metering Technologies:

    

External customers

   $ 211,407      $ 212,466   

Intersegment sales

     348        252   
  

 

 

   

 

 

 

Total group sales

     211,755        212,718   
  

 

 

   

 

 

 

Health & Science Technologies:

    

External customers

     171,674        173,221   

Intersegment sales

     1,194        565   
  

 

 

   

 

 

 

Total group sales

     172,868        173,786   
  

 

 

   

 

 

 

Fire & Safety/Diversified Products:

    

External customers

     111,367        103,730   

Intersegment sales

     146        320   
  

 

 

   

 

 

 

Total group sales

     111,513        104,050   
  

 

 

   

 

 

 

Intersegment elimination

     (1,688     (1,137
  

 

 

   

 

 

 

Total net sales

   $ 494,448      $ 489,417   
  

 

 

   

 

 

 

Operating income and income before income taxes:

    

Fluid & Metering Technologies

   $ 48,079      $ 44,526   

Health & Science Technologies

     32,267        30,270   

Fire & Safety/Diversified Products

     28,232        23,688   

Corporate office and other

     (13,866     (13,915
  

 

 

   

 

 

 

Total operating income

     94,712        84,569   

Interest expense

     10,557        10,662   

Other income-net

     1,279        117   
  

 

 

   

 

 

 

Income before income taxes

   $ 85,434      $ 74,024   
  

 

 

   

 

 

 

 

     March 31,
2013
     December 31,
2012
 
     (In thousands)  

Assets:

     

Fluid & Metering Technologies

   $ 1,033,752       $ 1,023,143   

Health & Science Technologies

     1,123,755         1,102,868   

Fire & Safety/Diversified Products

     494,258         488,886   

Corporate office and other(1)

     170,835         170,493   
  

 

 

    

 

 

 

Total assets

   $ 2,822,600       $ 2,785,390   
  

 

 

    

 

 

 

 

(1)

Includes intersegment eliminations.