Information on Business Segments (Tables)

6 Months Ended

Jun. 30, 2023

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,
	2023		2022		2023		2022
Net sales
Industrial	$	216,971	$	212,115	$	435,079	$	423,787
Aerospace	122,015		109,153		239,272		209,864
Intersegment sales	(2)		—		(10)		—
Total net sales	$	338,984	$	321,268	$	674,341	$	633,651
Operating profit (loss)
Industrial(A)	$	9,429	$	(48,743)	$	13,962	$	(33,990)
Aerospace	16,580		20,556		35,331		36,916
Total operating profit (loss)	26,009		(28,187)		49,293		2,926
Interest expense	6,512		3,325		11,819		6,893
Other expense (income), net	(2,894)		(403)		(1,553)		1,226
Income (loss) before income taxes	$	22,391	$	(31,109)	$	39,027	$	(5,193)

(A) Industrial operating losses in the three and six-month periods ended June 30, 2022 include a $68,194 goodwill impairment charge.

	June 30, 2023		December 31, 2022
Assets
Industrial	$	1,698,451	$	1,680,415
Aerospace	606,262		590,598
Other (A)	135,966		142,717
Total assets	$	2,440,679	$	2,413,730

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