XML 64 R47.htm IDEA: XBRL DOCUMENT
v3.8.0.1

SEGMENT INFORMATION (Table) | 12 Months Ended
--- | ---
Dec. 31, 2017
Segment Reporting [Abstract] |
Schedule Of Segment Reporting Information By Segment [Text Block] |
Capital expenditures |  |  |  |  |  |
Commercial/Industrial |  | $ | 29,028 |  |  | $ | 30,145 |  |  | $ | 21,990 |
Defense |  | 9,276 |  |  | 5,870 |  |  | 3,834 |
Power |  | 10,039 |  |  | 6,653 |  |  | 6,163 |
Corporate |  | 4,362 |  |  | 4,108 |  |  | 3,525 |
Total Consolidated (2) |  | $ | 52,705 |  |  | $ | 46,776 |  |  | $ | 35,512 |
|  | Year Ended December 31,
(In thousands) |  | 2017 |  | 2016 |  | 2015
Earnings before taxes: |  |  |  |  |  |
Total segment operating income |  | $ | 362,943 |  |  | $ | 331,313 |  |  | $ | 345,407 |
Corporate and Eliminations |  | (23,200 | ) |  | (23,215 | ) |  | (34,790 | )
Interest expense |  | 41,471 |  |  | 41,248 |  |  | 36,038 |
Other income, net |  | 1,347 |  |  | 1,111 |  |  | 615 |
Total consolidated earnings before tax |  | $ | 299,619 |  |  | $ | 267,961 |  |  | $ | 275,194 |
Depreciation and amortization expense |  |  |  |  |  |
Commercial/Industrial |  | $ | 53,180 |  |  | $ | 53,970 |  |  | $ | 55,799 |
Defense |  | 20,702 |  |  | 14,488 |  |  | 15,965 |
Power |  | 22,019 |  |  | 23,032 |  |  | 23,419 |
Corporate |  | 4,094 |  |  | 4,518 |  |  | 4,292 |
Total Consolidated |  | $ | 99,995 |  |  | $ | 96,008 |  |  | $ | 99,475 |
|  | Year Ended December 31,
(In thousands) |  | 2017 |  | 2016 |  | 2015
Net sales |  |  |  |  |  |
Commercial/Industrial |  | $ | 1,163,510 |  |  | $ | 1,120,326 |  |  | $ | 1,189,120 |
Defense |  | 557,954 |  |  | 469,796 |  |  | 479,528 |
Power |  | 554,048 |  |  | 524,967 |  |  | 545,013 |
Less: Intersegment Revenues |  | (4,486 | ) |  | (6,158 | ) |  | (7,978 | )
Total Consolidated |  | $ | 2,271,026 |  |  | $ | 2,108,931 |  |  | $ | 2,205,683 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] |
(In thousands) |  | 2017 |  | 2016 |  | 2015
Operating income (expense) |  |  |  |  |  |
Commercial/Industrial |  | $ | 168,328 |  |  | $ | 156,550 |  |  | $ | 171,525 |
Defense |  | 109,355 |  |  | 98,291 |  |  | 98,895 |
Power |  | 85,260 |  |  | 76,472 |  |  | 74,987 |
Corporate and Eliminations (1) |  | (23,200 | ) |  | (23,215 | ) |  | (34,790 | )
Total Consolidated |  | $ | 339,743 |  |  | $ | 308,098 |  |  | $ | 310,617 |
Reconciliation Of Assets From Segment To Consolidated [Text Block] |
Segment assets |  |  |  |  |  |
Commercial/Industrial |  | $ | 1,444,097 |  |  | $ | 1,391,040 |  |  | $ | 1,480,052 |
Defense |  | 1,044,776 |  |  | 751,859 |  |  | 800,613 |
Power |  | 482,753 |  |  | 516,321 |  |  | 629,612 |
Corporate |  | 264,695 |  |  | 378,561 |  |  | 79,334 |
Total Consolidated |  | $ | 3,236,321 |  |  | $ | 3,037,781 |  |  | $ | 2,989,611 |
|  | As of December 31,
(In thousands) |  | 2017 |  | 2016 |  | 2015
Assets: |  |  |  |  |  |
Total assets for reportable segments |  | $ | 2,971,626 |  |  | $ | 2,659,220 |  |  | $ | 2,910,277 |
Non-segment cash |  | 204,664 |  |  | 357,021 |  |  | 42,164 |
Other assets |  | 60,031 |  |  | 21,540 |  |  | 37,170 |
Total consolidated assets |  | $ | 3,236,321 |  |  | $ | 3,037,781 |  |  | $ | 2,989,611 |
ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock |
|  | Year Ended December 31,
(In thousands) |  | 2017 |  | 2016 |  | 2015
Revenues |  |  |  |  |  |
United States of America |  | $ | 1,562,180 |  |  | $ | 1,472,241 |  |  | $ | 1,502,363 |
United Kingdom |  | 118,350 |  |  | 114,752 |  |  | 135,673 |
Other foreign countries |  | 590,496 |  |  | 521,938 |  |  | 567,647 |
Consolidated total |  | $ | 2,271,026 |  |  | $ | 2,108,931 |  |  | $ | 2,205,683 |
ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock |
|  | As of December 31,
(In thousands) |  | 2017 |  | 2016 |  | 2015
Long-Lived Assets |  |  |  |  |  |
United States of America |  | $ | 264,829 |  |  | $ | 272,826 |  |  | $ | 293,612 |
United Kingdom |  | 41,100 |  |  | 39,014 |  |  | 36,061 |
Other foreign countries |  | 84,306 |  |  | 77,063 |  |  | 83,971 |
Consolidated total |  | $ | 390,235 |  |  | $ | 388,903 |  |  | $ | 413,644 |
Revenue from External Customers by Products and Services [Table Text Block] |
|  | Year Ended December 31,
(In thousands) |  | 2017 |  | 2016 |  | 2015
Net sales |  |  |  |  |  |
Flow Control |  | $ | 899,705 |  |  | $ | 883,735 |  |  | $ | 949,657 |
Motion Control |  | 1,075,218 |  |  | 940,162 |  |  | 947,758 |
Surface Technologies |  | 296,103 |  |  | 285,034 |  |  | 308,268 |
Consolidated total |  | $ | 2,271,026 |  |  | $ | 2,108,931 |  |  | $ | 2,205,683 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
Name: | us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration