Information on Business Segments (Tables)

9 Months Ended

Sep. 30, 2023

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,
	2023		2022		2023		2022
Net sales
Aerospace(A)	$	156,090	$	110,787	$	395,362	$	320,650
Industrial	204,898		203,959		639,977		627,746
Intersegment sales	—		(2)		(10)		(1)
Total net sales	$	360,988	$	314,744	$	1,035,329	$	948,395

Operating profit (loss)
Aerospace(A)	$	3,622	$	21,227	$	38,953	$	58,162
Industrial(B)	6,368		8,809		20,330		(25,200)
Total operating profit	9,990		30,036		59,283		32,962
Interest expense	22,792		3,357		34,612		10,249
Other expense (income), net	(874)		2,423		(2,427)		3,650
(Loss) income before income taxes	$	(11,928)	$	24,256	$	27,098	$	19,063

(A) The results of MB Aerospace, from the acquisition on August 31, 2023, have been included within the Company's Consolidated Financial Statements in the Aerospace segment for the three and nine months ended September 30, 2023.

(B) Industrial operating losses in the nine-month period ended September 30, 2022 include a $68,194 goodwill impairment charge.


	September 30, 2023		December 31, 2022
Assets
Aerospace(A)	$	1,484,676	$	590,598
Industrial	1,638,970		1,680,415
Other (B)	153,688		142,717
Total assets	$	3,277,334	$	2,413,730

(A) The increase in assets within the Aerospace segment primarily reflects the acquisition of MB Aerospace.

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