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Information on Business Segments (Tables)
3 Months Ended
Mar. 31, 2017
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 March 31,
 
2017
 
2016
Net sales
 
 
 
   Industrial
$
227,340

 
$
195,246

   Aerospace
114,470

 
93,087

   Intersegment sales
(8
)
 
(1
)
Total net sales
$
341,802

 
$
288,332

 
 
 
 
Operating profit
 
 
 
   Industrial
$
33,456

 
$
29,644

   Aerospace
22,292

 
11,883

Total operating profit
55,748

 
41,527

   Interest expense
3,349

 
2,991

   Other expense (income), net
23

 
227

Income before income taxes
$
52,376

 
$
38,309



 
March 31, 2017
 
December 31, 2016
Assets
 
 
 
   Industrial
$
1,400,794

 
$
1,356,081

   Aerospace
643,510

 
647,766

   Other (A)
151,349

 
133,692

Total assets
$
2,195,653

 
$
2,137,539


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