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.
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