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Information on Business Segments (Tables)
6 Months Ended
Jun. 30, 2016
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,
 
2016
 
2015
 
2016
 
2015
Net sales
 
 
 
 
 
 
 
   Industrial
$
204,540

 
$
202,589

 
$
399,786

 
$
402,938

   Aerospace
102,153

 
112,356

 
195,240

 
212,581

   Intersegment sales

 
(4
)
 
(1
)
 
(4
)
Total net sales
$
306,693

 
$
314,941

 
$
595,025

 
$
615,515

 
 
 
 
 
 
 
 
Operating profit
 
 
 
 
 
 
 
   Industrial
$
34,843

 
$
29,979

 
$
64,487

 
$
60,958

   Aerospace
12,617

 
20,670

 
24,500

 
33,586

Total operating profit
47,460

 
50,649

 
88,987

 
94,544

   Interest expense
2,815

 
2,586

 
5,806

 
5,306

   Other (income) expense, net
(824
)
 
237

 
(597
)
 
318

Income before income taxes
$
45,469

 
$
47,826

 
$
83,778

 
$
88,920



 
June 30, 2016
 
December 31, 2015
Assets
 
 
 
   Industrial
$
1,253,637

 
$
1,241,206

   Aerospace
646,021

 
654,147

   Other (A)
175,365

 
166,513

Total assets
$
2,075,023

 
$
2,061,866


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