Information on Business Segments

The Company is organized based upon the nature of its products and services and reports under two global business segments: Industrial and Aerospace. Segment information is consistent with how management reviews the businesses, makes investing and resource allocation decisions and assesses operating performance. The Company has not aggregated operating segments for purposes of identifying these two reportable segments.

Industrial is a global manufacturer of highly-engineered, high-quality precision components, products and systems for critical applications serving a diverse customer base in end-markets such as transportation, industrial equipment, consumer products, packaging, electronics, medical devices, and energy. Focused on innovative custom solutions, Industrial participates in the design phase of components and assemblies whereby customers receive the benefits of application and systems engineering, new product development, testing and evaluation, and the manufacturing of final products. Products are sold primarily through its direct sales force and global distribution channels. Industrial's Molding Solutions businesses design and manufacture customized hot runner systems, advanced mold cavity sensors and process control systems, and precision high cavitation mold assemblies - collectively, the enabling technologies for many complex injection molding applications. Industrial's Nitrogen Gas Products business provides innovative cost effective force and motion solutions for sheet metal forming, heavy duty suspension and other selective niche markets for customers worldwide. Industrial's Engineered Components businesses manufacture and supply precision mechanical products used in transportation and industrial applications, including mechanical springs, high-precision punched and fine-blanked components and retention rings.

Aerospace is a global provider of fabricated and precision-machined components and assemblies for original equipment manufacturer ("OEM") turbine engine, airframe and industrial gas turbine builders, and the military. Aerospace Aftermarket includes the jet engine component maintenance repair and overhaul business ("MRO") and the spare parts business. MRO includes our Component Repair Programs ("CRPs") and services many of the world's major turbine engine manufacturers, commercial airlines and the military. The spare parts business includes our revenue sharing programs ("RSPs") under which the Company receives an exclusive right to supply designated aftermarket parts over the life of the related aircraft engine program.

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,
	2018			2017			2018			2017
Net sales
Industrial	$	249,577		$	251,845		$	495,544		$	479,185
Aerospace	125,739			112,662			246,437			227,132
Intersegment sales	(1		)	(14		)	(6		)	(22		)
Total net sales	$	375,315		$	364,493		$	741,975		$	706,295

Operating profit
Industrial	$	38,316		$	30,883		$	70,694		$	64,785
Aerospace	25,563			19,876			49,818			42,252
Total operating profit	63,879			50,759			120,512			107,037
Interest expense	4,133			3,541			8,025			6,890
Other expense (income), net	947			(5,987		)	2,710			(5,434		)
Income before income taxes	$	58,799		$	53,205		$	109,777		$	105,581



	June 30, 2018		December 31, 2017
Assets
Industrial	$	1,493,998	$	1,505,355
Aerospace	689,830		667,085
Other ^(A)	179,072		193,276
Total assets	$	2,362,900	$	2,365,716

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