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INCOME TAXES (FY) (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Components of Income from Operations before Provision for Income Taxes

The components of the income from operations before provision for income taxes for the Company’s domestic and foreign operations for the years ended December 31 are provided below:

		For the year ended December 31,
In thousands		2017				2016				2015
Domestic		$	140,325			$	276,218			$	461,394
Foreign			211,738				136,619				123,974
Income from operations before income taxes		$	352,063			$	412,837			$	585,368

Consolidated Provision for Income Taxes

The consolidated provision for income taxes included in the Statement of Income consisted of the following:

			For the year ended December 31,
	In thousands		2017				2016				2015
	Current taxes
	Federal		$	86,157			$	72,317			$	141,245
	State			3,644				9,953				16,072
	Foreign			67,395				27,391				24,442
				157,196				109,661				181,759
	Deferred taxes
	Federal			(22,863	)			11,013				9,606
	State			(1,024	)			1,953				770
	Foreign			(43,536	)			(23,194	)			(5,395	)
				(67,423	)			(10,228	)			4,981
	Total provision		$	89,773			$	99,433			$	186,740

Reconciliation of Income Tax Rate

A reconciliation of the United States federal statutory income tax rate to the effective income tax rate on operations for the years ended December 31 is provided below:

		For the year ended December 31,
In thousands		2017				2016				2015
U.S. federal statutory rate			35.0	%			35.0	%			35.0	%
State taxes			0.4	%			2.1	%			2.0	%
Tax reserves			—	%			(0.2	)%			(0.4	)%
Foreign			(8.3	)%			(4.3	)%			(2.1	)%
Research and development credit			(0.8	)%			(1.0	)%			(0.4	)%
Manufacturing deduction			(1.1	)%			(1.8	)%			(2.3	)%
France tax rate change			(6.5	)%			(6.5	)%			—	%
U.S. tax rate change			(7.9	)%			—	%			—	%
U.S. tax reform provision			15.6	%			—	%			—	%
Transaction costs related to acquisitions			—	%			1.5	%			—	%
Other, net			(0.9	)%			(0.7	)%			0.1	%
Effective rate			25.5	%			24.1	%			31.9	%

Components of Deferred Tax Assets and Liabilities

Components of deferred tax assets and liabilities were as follows:

		December 31,
In thousands		2017				2016
Deferred income tax assets:
Accrued expenses and reserves		$	10,961			$	26,117
Warranty reserve			20,211				24,131
Deferred compensation/employee benefits			18,353				25,755
Pension and postretirement obligations			21,637				25,595
Inventory			19,620				22,579
Net operating loss carry forwards			65,671				59,416
Tax credit carry forwards			1,921				621
Other			13,053				2,317
Gross deferred income tax assets			171,427				186,531
Valuation allowance			25,683				21,418
Total deferred income tax assets			145,744				165,113
Deferred income tax liabilities:
Property, plant & equipment			37,015				47,321
Intangibles			288,141				359,312
Total deferred income tax liabilities			325,156				406,633
Net deferred income tax liability		$	(179,412	)		$	(241,520	)

Liability for Income Taxes Associated with Uncertain Tax Positions

A reconciliation of the beginning and ending amount of the liability for income taxes associated with unrecognized tax benefits follows:

In thousands		2017				2016				2015
Gross liability for unrecognized tax benefits at beginning of year		$	8,423			$	10,557			$	12,596
Gross increases - unrecognized tax benefits in prior periods			2,466				6				—
Gross increases - current period unrecognized tax benefits			—				—				1,682
Gross decreases - unrecognized tax benefits in prior periods			—				—				—
Gross decreases - audit settlement during year			(3,979	)			—				(3,027	)
Gross decreases - expiration of audit statute of limitations			—				(2,140	)			(694	)
Gross liability for unrecognized tax benefits at end of year		$	6,910			$	8,423			$	10,557

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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