XML 75 R55.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Borrowings - Additional Information (Details) |  | 1 Months Ended | 12 Months Ended |  |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
Jun. 23, 2015 USD ($) | Dec. 31, 2011 USD ($) | Dec. 31, 2010 USD ($) | Dec. 31, 2016 USD ($) | Dec. 31, 2015 USD ($) | Sep. 30, 2016 | Jun. 13, 2016 USD ($) | Dec. 09, 2011 USD ($) | Dec. 06, 2010 USD ($)
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Credit facility, term | 5 years |  |  |  |  |  |  |  |
Revolving facility expiration date |  |  |  | Jun. 23, 2020 |  |  |  |  |
Current borrowings under revolving facility |  |  |  | $ 169,579,000 | $ 195,000,000 |  |  |  |
Long-term debt outstanding |  |  |  | $ 1,020,873,000 | $ 847,436,000 |  |  |  |
Minimum |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Required percent for prepayment amount of aggregate principal amount |  |  |  |  |  |  | 5.00% |  |
Line of Credit |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of Credit Facility, Current Borrowing Capacity | $ 700,000,000 |  |  |  |  |  |  |  |
Line of Credit Facility, Aggregate Lending Commitments | $ 350,000,000 |  |  |  |  |  |  |  |
Revolving facility, extension term | 1 year |  |  |  |  |  |  |  |
3.2% Senior Notes, due June 2023 |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Stated interest rate |  |  |  | 3.20% |  |  |  |  |
3.37% Senior Notes, due June 2025 |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Stated interest rate |  |  |  | 3.37% |  |  |  |  |
Revolving Credit Facility |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Stated interest rate |  |  |  | 1.50% |  |  |  |  |
Applicable margin over LIBOR |  |  |  | 1.10% |  |  |  |  |
Basis spread on variable rate |  |  |  | 0.20% |  |  |  |  |
Outstanding letters of credit |  |  |  | $ 9,200,000 |  |  |  |  |
Revolving Facility, amount available to borrow |  |  |  | $ 521,200,000 |  |  |  |  |
Revolving Credit Facility | Minimum |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Applicable margin over LIBOR |  |  |  | 0.005% |  |  |  |  |
Interest coverage ratio |  |  |  | 3.0 |  |  |  |  |
Revolving Credit Facility | Maximum |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Applicable margin over LIBOR |  |  |  | 1.50% |  |  |  |  |
Leverage ratio |  |  |  | 3.50 |  |  |  |  |
4.2% Senior Notes, due December 2021 |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Stated interest rate |  |  |  | 4.20% |  |  |  | 4.20% |
Principal amount of private placement |  | $ 350,000,000 |  |  |  |  |  |  |
Debt instrument maturity period |  | Dec. 15, 2021 |  | Dec. 31, 2021 | Dec. 31, 2021 |  |  |  |
Net proceeds from debt offering |  |  |  |  |  |  |  | $ 346,200,000 |
Debt offering initial discount |  |  |  |  |  |  |  | $ 900,000 |
Debt offering underwriting commission |  | $ 2,300,000 |  |  |  |  |  |  |
Estimated offering expenses |  | 600,000 |  |  |  |  |  |  |
Contingent percentage of principal amount plus accrued and unpaid interest |  |  |  |  | 101.00% |  |  |  |
Outstanding repayment of indebtedness |  | $ 306,000,000 |  |  |  |  |  |  |
4.5% Senior Notes, due December 2020 |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Debt instrument face amount |  |  |  |  |  |  |  |  | $ 300,000,000.0
Stated interest rate |  |  |  | 4.50% |  |  |  |  | 4.50%
Debt instrument maturity period |  |  | Dec. 15, 2020 | Dec. 31, 2020 | Dec. 31, 2020 |  |  |  |
Net proceeds from debt offering |  |  |  |  |  |  |  |  | $ 295,700,000
Debt offering initial discount |  |  |  |  |  |  |  |  | $ 1,600,000
Debt offering underwriting commission |  |  | $ 1,900,000 |  |  |  |  |  |
Estimated offering expenses |  |  | $ 800,000 |  |  |  |  |  |
Contingent percentage of principal amount plus accrued and unpaid interest |  |  | 101.00% |  |  |  |  |  |
Outstanding repayment of indebtedness |  |  | $ 250,000,000 |  |  |  |  |  |
Senior Notes | Maximum |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Limitation of outstanding principal of higher preference debt as percent of consolidated assets |  |  |  |  |  | 15.00% |  |  |
Senior Notes | 3.2% Senior Notes, due June 2023 |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Debt instrument face amount |  |  |  |  |  |  | $ 100,000,000 |  |
Stated interest rate |  |  |  |  |  |  | 3.20% |  |
Long-term debt outstanding |  |  |  | $ 100,000,000 | $ 0 |  |  |  |
Senior Notes | 3.37% Senior Notes, due June 2025 |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Debt instrument face amount |  |  |  |  |  |  | $ 100,000,000 |  |
Stated interest rate |  |  |  |  |  |  | 3.37% |  |
Long-term debt outstanding |  |  |  | 100,000,000 | 0 |  |  |  |
Senior Notes | 4.2% Senior Notes, due December 2021 |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Long-term debt outstanding |  |  |  | 350,000,000 | 350,000,000 |  |  |  |
Senior Notes | 4.5% Senior Notes, due December 2020 |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Long-term debt outstanding |  |  |  | 300,000,000 | 300,000,000 |  |  |  |
Letters Of Credit | Line of Credit |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of Credit Facility, Current Borrowing Capacity | $ 75,000,000 |  |  |  |  |  |  |  |
Swing line Loans | Line of Credit |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Line of Credit Facility, Current Borrowing Capacity | $ 50,000,000 |  |  |  |  |  |  |  |
Other Borrowings |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Other borrowings |  |  |  | $ 1,294,000 | $ 2,436,000 |  |  |  |
Other Borrowings | Minimum |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Stated interest rate |  |  |  | 1.00% |  |  |  |  |
Other Borrowings | Maximum |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |
Stated interest rate |  |  |  | 2.80% |  |  |  |  |

X
- Definition Applicable margin over LIBOR + References No definition available. + Details
Name: | iex_ApplicableMarginOverLibor
Namespace Prefix: | iex_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Credit Facility, Term + References No definition available. + Details
Name: | iex_CreditFacilityTerm
Namespace Prefix: | iex_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Debt offering initial discount + References No definition available. + Details
Name: | iex_DebtOfferingInitialDiscount
Namespace Prefix: | iex_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Estimated Offering Expenses + References No definition available. + Details
Name: | iex_EstimatedOfferingExpenses
Namespace Prefix: | iex_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Interest coverage ratio + References No definition available. + Details
Name: | iex_InterestCoverageRatio
Namespace Prefix: | iex_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Leverage ratio required + References No definition available. + Details
Name: | iex_LeverageRatioRequired
Namespace Prefix: | iex_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Limitation of Outstanding Principal of Higher Preference Debt as Percent of Consolidated Assets + References No definition available. + Details
Name: | iex_LimitationofOutstandingPrincipalofHigherPreferenceDebtasPercentofConsolidatedAssets
Namespace Prefix: | iex_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Line Of Revolving Facility, Amount Outstanding + References No definition available. + Details
Name: | iex_LineOfRevolvingFacilityAmountOutstanding
Namespace Prefix: | iex_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line of Credit Facility, Aggregate Lending Commitments + References No definition available. + Details
Name: | iex_LineofCreditFacilityAggregateLendingCommitments
Namespace Prefix: | iex_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line of Credit Facility, Extension Period + References No definition available. + Details
Name: | iex_LineofCreditFacilityExtensionPeriod
Namespace Prefix: | iex_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Net proceeds from debt offering + References No definition available. + Details
Name: | iex_NetProceedsFromDebtOffering
Namespace Prefix: | iex_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Outstanding Repayment Of Indebtedness Under The Credit Facility + References No definition available. + Details
Name: | iex_OutstandingRepaymentOfIndebtednessUnderCreditFacility
Namespace Prefix: | iex_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Percentage of Principal Amount Plus Accrued And Unpaid Interest + References No definition available. + Details
Name: | iex_PercentageOfPrincipalAmountPlusAccruedAndUnpaidInterest
Namespace Prefix: | iex_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Required Percent for Prepayment Amount of Aggregate Principal Amount + References No definition available. + Details
Name: | iex_RequiredPercentforPrepaymentAmountofAggregatePrincipalAmount
Namespace Prefix: | iex_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Face (par) amount of debt instrument at time of issuance. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399 + Details
Name: | us-gaap_DebtInstrumentFaceAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(2)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentMaturityDate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. + References No definition available. + Details
Name: | us-gaap_LettersOfCreditOutstandingAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Date the credit facility terminates, in CCYY-MM-DD format. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityExpirationDate1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_LineOfCreditFacilityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The carrying amount as of the balance sheet date for the aggregate of other miscellaneous borrowings owed by the reporting entity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13,16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
Name: | us-gaap_OtherBorrowings
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Costs incurred during the period, such as those relating to general administration and policy maintenance that do not vary with and are not primarily related to the acquisition or renewal of insurance contracts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.7) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 720 -Section 25 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35755714&loc=d3e28434-158551 + Details
Name: | us-gaap_OtherUnderwritingExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The cash inflow associated with the amount received from entity's raising of capital via private rather than public placement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3255-108585 + Details
Name: | us-gaap_ProceedsFromIssuanceOfPrivatePlacement
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditFacilityAxis=us-gaap_LineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=iex_ThreePointTwoPercentSeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=iex_ThreePointThreeSevenPercentSeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=iex_RevolvingFacilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=iex_FourPointTwoPercentageSeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=iex_FourPointFivePercentageSeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_SeniorNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_StandbyLettersOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=iex_SwinglineLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=iex_OtherBorrowingsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |