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Information on Business Segments (Tables)
9 Months Ended
Sep. 30, 2015
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 September 30,
 
Nine months ended September 30,
 
2015
 
2014
 
2015
 
2014
Net sales
 
 
 
 
 
 
 
   Industrial
$
189,106

 
$
207,230

 
$
592,044

 
$
623,886

   Aerospace
102,329

 
110,429

 
314,910

 
327,951

   Intersegment sales
(1
)
 

 
(5
)
 
(5
)
Total net sales
$
291,434

 
$
317,659

 
$
906,949

 
$
951,832

 
 
 
 
 
 
 
 
Operating profit
 
 
 
 
 
 
 
   Industrial
$
27,304

 
$
33,205

 
$
88,262

 
$
81,344

   Aerospace
16,443

 
17,680

 
50,029

 
50,047

Total operating profit
43,747

 
50,885

 
138,291

 
131,391

   Interest expense
2,637

 
2,435

 
7,944

 
8,558

   Other (income) expense, net
(545
)
 
741

 
(228
)
 
1,768

Income from continuing operations before income taxes
$
41,655

 
$
47,709

 
$
130,575

 
$
121,065



 
September 30, 2015
 
December 31, 2014
Assets
 
 
 
   Industrial (A)
$
1,282,039

 
$
1,281,974

   Aerospace
645,555

 
655,042

   Other (B)
150,484

 
136,869

Total assets
$
2,078,078

 
$
2,073,885


(A) The change in assets within the Industrial segment primarily reflects an increase in assets resulting from the acquisition of Thermoplay partially offset by a reduction caused by a change in foreign exchange rates.
(B) "Other" assets include corporate-controlled assets, the majority of which are cash and deferred tax assets.