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Business Segments (Tables)
6 Months Ended
Jun. 30, 2014
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 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 
 June 30,
 
Six Months Ended 
 June 30,
 
2014
 
2013
 
2014
 
2013
Net sales
 
 
 
 
 
 
 
Fluid & Metering Technologies
 
 
 
 
 
 
 
External customers
$
225,866

 
$
225,214

 
$
448,873

 
$
436,621

Intersegment sales
234

 
274

 
588

 
622

Total group sales
226,100

 
225,488

 
449,461

 
437,243

Health & Science Technologies
 
 
 
 
 
 
 
External customers
184,849

 
179,111

 
368,741

 
350,785

Intersegment sales
823

 
1,756

 
3,306

 
2,950

Total group sales
185,672

 
180,867

 
372,047

 
353,735

Fire & Safety/Diversified Products
 
 
 
 
 
 
 
External customers
135,978

 
114,120

 
273,075

 
225,487

Intersegment sales
204

 
116

 
391

 
262

Total group sales
136,182

 
114,236

 
273,466

 
225,749

Intersegment elimination
(1,261
)
 
(2,146
)
 
(4,285
)
 
(3,834
)
Total net sales
$
546,693

 
$
518,445

 
$
1,090,689

 
$
1,012,893

Operating income
 
 
 
 
 
 
 
Fluid & Metering Technologies
$
55,623

 
$
56,115

 
$
112,030

 
$
104,194

Health & Science Technologies
36,137

 
34,522

 
72,366

 
66,789

Fire & Safety/Diversified Products
35,985

 
23,676

 
75,633

 
51,908

Corporate office and other
(15,657
)
 
(14,754
)
 
(34,106
)
 
(28,620
)
Total operating income
112,088

 
99,559

 
225,923

 
194,271

Interest expense
10,405

 
10,597

 
20,862

 
21,154

Other income (expense) - net
(137
)
 
(573
)
 
707

 
706

Income before income taxes
$
101,546

 
$
88,389

 
$
205,768

 
$
173,823


 
June 30,
2014
 
December 31,
2013
Assets
 
 
 
Fluid & Metering Technologies
$
1,041,890

 
$
1,025,352

Health & Science Technologies
1,152,486

 
1,113,546

Fire & Safety/Diversified Products
525,659

 
484,139

Corporate office
270,962

 
264,540

Total assets
$
2,990,997

 
$
2,887,577