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Information on Business Segments (Tables)
6 Months Ended
Jun. 30, 2018
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,
 
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.