XML 57 R37.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Share-Based Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Weighted Average Option Fair Values and Assumptions | Weighted average option fair values and assumptions for the period specified are disclosed in the following table:
| Years Ended December 31,
| 2014 |  | 2013 |  | 2012
Weighted average fair value of grants | $19.52 |  | $12.97 |  | $11.40
Dividend yield | 1.27% |  | 1.57% |  | 1.59%
Volatility | 30.36% |  | 30.92% |  | 32.00%
Risk-free interest rate | 0.12% - 4.65% |  | 0.17% - 4.12% |  | 0.17% - 3.96%
Expected life (in years) | 5.89 |  | 5.86 |  | 5.98
Schedule of Weighted Average Performance Share Units Fair Values and Assumptions | Weighted average performance share unit fair values and assumptions for the period specified are disclosed in the following table:
| Years Ended December 31,
| 2014 |  | 2013
Weighted average fair value of grants | $94.55 |  | $59.58
Dividend yield | —% |  | —%
Volatility | 26.41% |  | 28.99%
Risk-free interest rate | 0.65% |  | 0.40%
Expected life (in years) | 2.88 |  | 2.87
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block] | Total compensation cost for performance share units is as follows:
| Years Ended December 31,
| 2014 |  | 2013
| (In thousands)
Cost of goods sold | $ | — |  |  | $ | — |
Selling, general and administrative expenses | 3,220 |  |  | 873 |
Total expense before income taxes | 3,220 |  |  | 873 |
Income tax benefit | (1,081 | ) |  | (280 | )
Total expense after income taxes | $ | 2,139 |  |  | $ | 593 |
Schedule of Stock Option Activity | A summary of the Company’s stock option activity as of December 31, 2014, and changes during the year ended December 31, 2014 is presented in the following table:
Stock Options | Shares |  | Weighted Average Price |  | Weighted-Average Remaining Contractual Term |  | Aggregate Intrinsic Value
Outstanding at January 1, 2014 | 2,516,618 |  |  | $ | 39.60 |  |  | 6.87 |  | $ | 86,200,655 |
Granted | 514,905 |  |  | 72.77 |  |  |  |  |
Exercised | (489,047 | ) |  | 34.59 |  |  |  |  |
Forfeited | (163,917 | ) |  | 52.59 |  |  |  |  |
Outstanding at December 31, 2014 | 2,378,559 |  |  | $ | 46.91 |  |  | 6.69 |  | $ | 73,561,785 |
Vested and expected to vest at December 31, 2014 | 2,279,445 |  |  | $ | 46.24 |  |  | 6.60 |  | $ | 72,026,247 |
Exercisable at December 31, 2014 | 1,157,805 |  |  | $ | 36.70 |  |  | 5.17 |  | $ | 47,631,234 |
Schedule of Unvested Share Activity | A summary of the Company’s unvested share activity as of December 31, 2014, and changes during the year ending December 31, 2014 is presented in the following table:
Unvested Shares | Shares |  | Weighted-Average Grant Date Fair Value
Unvested at January 1, 2014 | 618,679 |  |  | $ | 50.33 |
Granted | 146,360 |  |  | 74.10 |
Vested | (215,576 | ) |  | 45.10 |
Forfeited | (70,799 | ) |  | 57.83 |
Unvested at December 31, 2014 | 478,664 |  |  | $ | 59.71 |
Schedule of Performance Share Units Activity | A summary of the Company's performance share unit activity as of December 31, 2014, and changes during the year ending December 31, 2014 is presented in the following table:
Performance Share Units | Shares |  | Weighted-Average Grant Date Fair Value
Unvested at January 1, 2014 | 53,205 |  |  | $ | 59.98 |
Granted | 91,030 |  |  | 94.55 |
Vested | — |  |  | — |
Forfeited | (8,695 | ) |  | 78.26 |
Unvested at December 31, 2014 | 135,540 |  |  | $ | 81.87 |
Stock Option |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Compensation Cost for Stock Options and Unvested Shares | Total compensation cost for stock options is as follows:
| Years Ended December 31,
| 2014 |  | 2013 |  | 2012
| (In thousands)
Cost of goods sold | $ | 581 |  |  | $ | 479 |  |  | $ | 650 |
Selling, general and administrative expenses | 6,245 |  |  | 5,789 |  |  | 5,642 |
Total expense before income taxes | 6,826 |  |  | 6,268 |  |  | 6,292 |
Income tax benefit | (2,194 | ) |  | (2,016 | ) |  | (1,988 | )
Total expense after income taxes | $ | 4,632 |  |  | $ | 4,252 |  |  | $ | 4,304 |
Unvested Shares |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Compensation Cost for Stock Options and Unvested Shares | Total compensation cost for unvested shares is as follows:
| Years Ended December 31,
| 2014 |  | 2013 |  | 2012
| (In thousands)
Cost of goods sold | $ | 1,753 |  |  | $ | 1,380 |  |  | $ | 991 |
Selling, general and administrative expenses | 8,917 |  |  | 8,471 |  |  | 5,819 |
Total expense before income taxes | 10,670 |  |  | 9,851 |  |  | 6,810 |
Income tax benefit | (2,233 | ) |  | (2,296 | ) |  | (1,682 | )
Total expense after income taxes | $ | 8,437 |  |  | $ | 7,555 |  |  | $ | 5,128 |

X
- Definition Schedule compensation cost for stock options and unvested shares. + References No definition available. + Details
Name: | iex_ScheduleCompensationCostForStockOptionsAndUnvestedSharesTableTextBlock
Namespace Prefix: | iex_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Share-based Compensation, Performance Share Units, Activity [Table Text Block] + References No definition available. + Details
Name: | iex_ScheduleofSharebasedCompensationPerformanceShareUnitsActivityTableTextBlock
Namespace Prefix: | iex_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Share-based Payment Award, Equity Instruments Other than Options, Valuation Assumptions [Table Text Block] + References No definition available. + Details
Name: | iex_ScheduleofSharebasedPaymentAwardEquityInstrumentsOtherthanOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | iex_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 14.F) -URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 -Section F Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AwardTypeAxis=iex_UnvestedSharesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |