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Information on Business Segments (Tables)
6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables set forth information about the Company's operations by its two reportable segments:
 
Three months ended June 30,
 
Six months ended June 30,
 
2014
 
2013
 
2014
 
2013
Net sales
 
 
 
 
 
 
 
   Industrial
$
212,768

 
$
170,560

 
416,656

 
336,062

   Aerospace
109,310

 
96,834

 
217,521

 
194,878

   Intersegment sales
(4
)
 

 
(4
)
 

Total net sales
$
322,074

 
$
267,394

 
$
634,173

 
$
530,940

 
 
 
 
 
 
 
 
Operating profit
 
 
 
 
 
 
 
   Industrial
$
28,765

 
$
20,923

 
48,140

 
35,532

   Aerospace
16,616

 
15,226

 
32,366

 
25,573

Total operating profit
45,381

 
36,149

 
80,506

 
61,105

   Interest expense
2,804

 
3,241

 
6,123

 
7,598

   Other expense (income), net
792

 
495

 
1,027

 
1,462

Income from continuing operations before income taxes
$
41,785

 
$
32,413

 
$
73,356

 
$
52,045



 
June 30, 2014
 
December 31, 2013
Assets
 
 
 
   Industrial
$
1,414,500

 
$
1,410,400

   Aerospace
658,948

 
567,080

   Other (A)
141,176

 
146,193

Total assets
$
2,214,624

 
$
2,123,673


(A) "Other" assets include corporate-controlled assets, the majority of which are cash and deferred tax assets.