XML 46 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6

Retirement Benefits (Tables)

12 Months Ended

Dec. 31, 2011

Defined Benefit Plan Disclosure [Line Items]

Reconciliation Of Changes In Benefit Obligations And Fair Value Of Plan Assets

		Pension Benefits																Other Benefits
		2011								2010								2011				2010
		U.S.				Non-U.S.				U.S.				Non-U.S.
		(In thousands)
CHANGE IN BENEFIT OBLIGATION
Obligation at January 1		$	90,102			$	42,245			$	81,212			$	39,342			$	20,068			$	18,059
Service cost			1,759				1,078				1,665				719				691				528
Interest cost			4,506				2,320				4,525				2,148				1,035				1,008
Plan amendments			—				9				101				128				—				(400	)
Benefits paid			(4,224	)			(1,703	)			(3,567	)			(1,542	)			(734	)			(842	)
Actuarial loss			10,159				18				6,166				3,561				60				1,598
Currency translation			—				(906	)			—				(2,117	)			(47	)			117
Curtailments/settlements			(791	)			—				—				—				—				—
Acquisition			—				4,702				—				6				—				—
Obligation at December 31		$	101,511			$	47,763			$	90,102			$	42,245			$	21,073			$	20,068
CHANGE IN PLAN ASSETS
Fair value of plan assets at January 1		$	58,147			$	17,400			$	53,210			$	15,376			$	—			$	—
Actual return on plan assets			(459	)			(720	)			5,631				1,842				—				—
Employer contributions			6,946				1,569				2,873				1,765				734				842
Benefits paid			(4,224	)			(1,703	)			(3,567	)			(1,542	)			(734	)			(842	)
Currency translation			—				(57	)			—				(381	)			—				—
Settlements			(791	)			—				—				—				—				—
Other			—				425				—				340				—				—
Fair value of plan assets at December 31		$	59,619			$	16,914			$	58,147			$	17,400			$	—			$	—
Funded status at December 31		$	(41,892	)		$	(30,849	)		$	(31,955	)		$	(24,845	)		$	(21,073	)		$	(20,068	)
COMPONENTS ON THE CONSOLIDATED BALANCE SHEETS
Current liabilities		$	(602	)		$	(733	)		$	(657	)		$	(653	)		$	(937	)		$	(999	)
Noncurrent liabilities			(41,290	)			(30,116	)			(31,298	)			(24,192	)			(20,136	)			(19,069	)
Net liability at December 31		$	(41,892	)		$	(30,849	)		$	(31,955	)		$	(24,845	)		$	(21,073	)		$	(20,068	)

Weighted Average Assumptions Used In The Measurement Of Benefit Obligation

		U.S. Plans								Non-U.S. Plans
		2011				2010				2011				2010
Discount rate			4.45	%			5.20	%			4.68	%			5.35	%
Rate of compensation increase			3.90	%			3.90	%			2.96	%			3.37	%

Pretax Amounts Recognized In Accumulated Other Comprehensive Income (Loss)

		Pension Benefits																Other Benefits
		2011								2010								2011				2010
		U.S.				Non-U.S.				U.S.				Non-U.S
		(In thousands)
Prior service cost (credit)		$	419			$	127			$	597			$	131			$	(2,697	)		$	(3,044	)
Net loss			49,509				8,781				38,813				7,629				2,198				2,313
Total		$	49,928			$	8,908			$	39,410			$	7,760			$	(499	)		$	(731	)

Amounts In Accumulated Other Comprehensive Income (Loss) Expected To Be Recognized As Components Of Net Periodic Benefit Cost During 2012

		U.S. Pension Benefit  Plans				Non-U.S. Pension  Benefit Plans				Other Benefit Plans				Total
		(In thousands)
Prior service cost (credit)		$	126			$	9			$	(373	)		$	(238	)
Net loss			6,240				315				225				6,780
Total		$	6,366			$	324			$	(148	)		$	6,542

Components Of Net Periodic Benefit Cost For Defined Benefit Plans And Other Postretirement Plans

		Pension Benefits
		2011								2010								2009
		U.S.				Non-U.S.				U.S.				Non-U.S.				U.S.				Non-U.S.
		(In thousands)
Service cost		$	1,759			$	1,078			$	1,665			$	719			$	1,551			$	824
Interest cost			4,506				2,320				4,525				2,148				4,375				2,122
Expected return on plan assets			(4,755	)			(1,117	)			(4,396	)			(945	)			(3,505	)			(780	)
Net amortization			4,855				442				4,401				302				5,299				370
Net periodic benefit cost		$	6,365			$	2,723			$	6,195			$	2,224			$	7,720			$	2,536

		Other Benefits
		2011				2010				2009
		(In thousands)
Service cost		$	691			$	528			$	468
Interest cost			1,035				1,008				1,018
Net amortization			(156	)			(370	)			(385	)
Net periodic benefit cost		$	1,570			$	1,166			$	1,101

Weighted Average Assumptions Used To Determine Net Periodic Benefit Cost Of Plans

		U.S. Plans												Non-U.S. Plans
		2011				2010				2009				2011				2010				2009
Discount rate			5.20	%			5.80	%			6.30	%			5.35	%			5.88	%			5.73	%
Expected return on plan assets			8.25	%			8.50	%			8.50	%			6.17	%			6.28	%			6.05	%
Rate of compensation increase			3.90	%			3.89	%			4.00	%			3.37	%			3.35	%			3.17	%

Pension Plan Weighted Average Asset Allocations

		2011				2010
Equity securities			65	%			67	%
Fixed income securities			35				33
Total			100	%			100	%

Summary Of Basis Used To Measure Defined Benefit Plans' Assets At Fair Value

		Basis of Fair Value Measurement
		Outstanding Balances				Level 1				Level 2				Level 3
As of December 31, 2011		(In thousands)
Equity		$	14,968			$	14,968			$	—			$	—
Absolute return funds(1)
U.S.			38,449				38,449				—				—
Non U.S.			21,709				16,520				5,189				—
Other(2)			1,015				1,015				—				—
		$	76,141			$	70,952			$	5,189			$	—
		Basis of Fair Value Measurement
		Outstanding Balances				Level 1				Level 2				Level 3
As of December 31, 2010		(In thousands)
Equity		$	13,644			$	13,644			$	—			$	—
Absolute return funds(1)
U.S.			38,325				18,549				19,776				—
Non U.S.			22,838				17,400				5,438				—
Other(2)			740				740				—				—
		$	75,547			$	50,333			$	25,214			$	—

(1) Primarily funds invested by managers that have a global mandate with the flexibility to allocate capital broadly across a wide range of asset classes and strategies including, but not limited to equities, fixed income, commodities, interest rate futures, currencies and other securities to outperform an agreed benchmark with specific return and volatility targets.

(2) Primarily cash and cash equivalents.

Net Periodic Benefit Cost [Member]

Defined Benefit Plan Disclosure [Line Items]

Pretax Amounts Recognized In Accumulated Other Comprehensive Income (Loss)

		Pension Benefits
		U.S.				Non-U.S.				Other Benefits
		(In thousands)
Net loss in current year		$	(15,374	)		$	(1,855	)		$	(60	)
Prior service cost			—				(9	)			—
Amortization of prior service cost (credit)			178				10				(346	)
Amortization of net loss (gain)			4,678				432				190
Exchange rate effect on amounts in OCI			—				273				(15	)
Total		$	(10,518	)		$	(1,149	)		$	(231	)

X

- Definition

Schedule Of Pension Plan Weighted Average Asset Allocations [Table Text Block]

+ References

No definition available.

+ Details

Name:	iex_ScheduleOfPensionPlanWeightedAverageAssetAllocationsTableTextBlock
Namespace Prefix:	iex_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule Of Weighted Average Assumptions Used To Determine Net Periodic Benefit Cost [Table Text Block]

+ References

No definition available.

+ Details

Name:	iex_ScheduleOfWeightedAverageAssumptionsUsedToDetermineNetPeriodicBenefitCostTableTextBlock
Namespace Prefix:	iex_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_DefinedBenefitPlanDisclosureLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Topic 715

-SubTopic 20

-Publisher FASB

-Number

-Article

-Subparagraph (d)(5)

-Name Accounting Standards Codification

-Paragraph 1

-Section 50

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income (loss) expected to be recognized as components of net periodic benefit cost over the next fiscal year, including the net gain (loss), net prior service cost or credit, and net transition asset or obligation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Topic 715

-SubTopic 20

-Publisher FASB

-Subparagraph (s)

-Name Accounting Standards Codification

-Paragraph 1

-Section 50

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAmountsInAccumulatedOtherComprehensiveIncomeLossToBeRecognizedOverNextFiscalYearTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Topic 715

-SubTopic 20

-Publisher FASB

-Number

-Article

-Subparagraph (i)

-Name Accounting Standards Codification

-Paragraph 1

-Section 50

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAmountsRecognizedInOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Topic 715

-SubTopic 20

-Publisher FASB

-Number

-Article

-Subparagraph (k)

-Name Accounting Standards Codification

-Paragraph 1

-Section 50

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e2417-114920



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 158

-Paragraph 4, 7, 16, 20, 21

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5, 6, 7

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e2410-114920



Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 55

-Paragraph 17

-URI http://asc.fasb.org/extlink&oid=6930749&loc=d3e4179-114921



Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e2439-114920

+ Details

Name:	us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Topic 715

-SubTopic 20

-Publisher FASB

-Number

-Article

-Subparagraph (h)

-Name Accounting Standards Codification

-Paragraph 1

-Section 50

-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration