Business Segments

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Business Segments

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, 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, biotechnology, aerospace, semiconductor, 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, engineered stainless steel banding and clamping devices used in a variety of industrial and commercial applications, and 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.

	Three Months Ended   March 31,
	2014			2013
Net sales:
Fluid & Metering Technologies:
External customers	$	223,007		$	211,407
Intersegment sales	354			348
Total group sales	223,361			211,755
Health & Science Technologies:
External customers	183,892			171,674
Intersegment sales	2,483			1,194
Total group sales	186,375			172,868
Fire & Safety/Diversified Products:
External customers	137,097			111,367
Intersegment sales	187			146
Total group sales	137,284			111,513
Intersegment elimination	(3,024		)	(1,688		)
Total net sales	$	543,996		$	494,448
Operating income:
Fluid & Metering Technologies	$	56,407		$	48,079
Health & Science Technologies	36,229			32,267
Fire & Safety/Diversified Products	39,648			28,232
Corporate office and other	(18,449		)	(13,866		)
Total operating income	113,835			94,712
Interest expense	10,457			10,557
Other income - net	844			1,279
Income before income taxes	$	104,222		$	85,434

	March 31, 2014		December 31, 2013
Assets:
Fluid & Metering Technologies	$	1,031,728	$	1,025,352
Health & Science Technologies	1,132,689		1,113,546
Fire & Safety/Diversified Products	515,992		484,139
Corporate office	271,413		264,540
Total assets	$	2,951,822	$	2,887,577