Information on Business Segments (Tables)

9 Months Ended

Sep. 30, 2022

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,
	2022		2021		2022		2021
Net sales
Industrial	$	203,959	$	231,549	$	627,746	$	686,220
Aerospace	110,787		93,511		320,650		261,639
Intersegment sales	(2)		(1)		(1)		(13)
Total net sales	$	314,744	$	325,059	$	948,395	$	947,846

Operating profit (loss)
Industrial(A)	$	8,809	$	30,067	$	(25,200)	$	78,635
Aerospace	21,227		13,642		58,162		35,997
Total operating profit	30,036		43,709		32,962		114,632
Interest expense	3,357		4,027		10,249		12,443
Other expense (income), net	2,423		1,217		3,650		3,952
Income before income taxes	$	24,256	$	38,465	$	19,063	$	98,237


	September 30, 2022		December 31, 2021
Assets
Industrial(A)	$	1,578,444	$	1,827,903
Aerospace	587,282		583,043
Other (B)	145,328		165,874
Total assets	$	2,311,054	$	2,576,820

(A) Industrial operating losses in the nine month period ended September 30, 2022 include a $68,194 goodwill impairment charge. Assets at Industrial were impacted by a corresponding amount given the reduction to the goodwill balance. See Note 7.

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