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Information on Business Segments (Tables)
9 Months Ended
Sep. 30, 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 September 30,
 
Nine months ended September 30,
 
2017
 
2016
 
2017
 
2016
Net sales
 
 
 
 
 
 
 
   Industrial
$
240,390

 
$
208,748

 
$
719,556

 
$
608,534

   Aerospace
116,767

 
102,816

 
343,899

 
298,055

   Intersegment sales
(1
)
 
(3
)
 
(4
)
 
(3
)
Total net sales
$
357,156

 
$
311,561

 
$
1,063,451

 
$
906,586

 
 
 
 
 
 
 
 
Operating profit
 
 
 
 
 
 
 
   Industrial
$
29,308

 
$
34,958

 
$
100,154

 
$
99,445

   Aerospace
18,478

 
16,859

 
60,519

 
41,359

Total operating profit
47,786

 
51,817

 
160,673

 
140,804

   Interest expense
3,748

 
3,020

 
10,638

 
8,826

   Other expense (income), net
357

 
621

 
773

 
24

Income before income taxes
$
43,681

 
$
48,176

 
$
149,262

 
$
131,954



 
September 30, 2017
 
December 31, 2016
Assets
 
 
 
   Industrial
$
1,502,193

 
$
1,356,081

   Aerospace
648,561

 
647,766

   Other (A)
195,777

 
133,692

Total assets
$
2,346,531

 
$
2,137,539

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