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Financial Instruments and Derivative Instruments (Tables) | 6 Months Ended
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Jul. 03, 2016
Financial Instruments and Derivative Instruments |
Schedule of fair value of financial assets and liabilities |
|  | Fair Value Measurements at July 3, 2016 Using: |
|  |  |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs |
|  | Total |  | (Level 1) |  | (Level 2) |  | (Level 3) |
|  | (in millions) |
Assets |  |  |  |  |  |  |  |  |
Plan asset for deferred compensation(1) |  | $ | 3.0 |  | $ | 3.0 |  | $ | — |  | $ | — |
Total assets |  | $ | 3.0 |  | $ | 3.0 |  | $ | — |  | $ | — |
Liabilities |  |  |  |  |  |  |  |  |
Plan liability for deferred compensation(2) |  | $ | 3.0 |  | $ | 3.0 |  | $ | — |  | $ | — |
Redeemable financial instrument(3),(4) |  | 6.8 |  | — |  | — |  | 6.8 |
Interest rate swap (5) |  | 1.9 |  | — |  | 1.9 |  | — |
Total liabilities |  | $ | 11.7 |  | $ | 3.0 |  | $ | 1.9 |  | $ | 6.8 |
|  | Fair Value Measurements at December 31, 2015 Using: |
|  |  |  | Quoted Prices in Active Markets for Identical Assets |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs |
|  | Total |  | (Level 1) |  | (Level 2) |  | (Level 3) |
|  | (in millions) |
Assets |  |  |  |  |  |  |  |  |
Plan asset for deferred compensation(1) |  | $ | 3.3 |  | $ | 3.3 |  | $ | — |  | $ | — |
Total assets |  | $ | 3.3 |  | $ | 3.3 |  | $ | — |  | $ | — |
Liabilities |  |  |  |  |  |  |  |  |
Plan liability for deferred compensation(2) |  | $ | 3.3 |  | $ | 3.3 |  | $ | — |  | $ | — |
Redeemable financial instrument(3) |  | 5.7 |  | — |  | — |  | 5.7 |
Total liabilities |  | $ | 9.0 |  | $ | 3.3 |  | $ | — |  | $ | 5.7 |
| (1) |  | Included on the Company’s consolidated balance sheet in other assets (other, net).
| (2) |  | Included on the Company’s consolidated balance sheet in accrued compensation and benefits.
| (3) |  | Included in the Company’s consolidated balance sheet in other noncurrent liabilities as of July 3, 2016 and December 31, 2015 and relates to a mandatorily redeemable equity instrument as part of the Apex acquisition in 2015.
| (4) |  | Included in the Company’s consolidated balance sheet in other noncurrent liabilities as of July 3, 2016 and relates to a mandatorily redeemable equity instrument as part of the AERCO Korea acquisition.
| (5) |  | Included on the Company’s consolidated balance sheet in other noncurrent liabilities.
Summary of the changes in fair value of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) |
|  | Balance |  |  |  |  |  | Total realized and unrealized (gains) losses included in: |  | Balance |
|  | December 31, 2015 |  | Settlements |  | Purchases |  | Net earnings adjustments |  | Comprehensive income |  | July 3, 2016 |
|  | (in millions) |
Redeemable financial instrument |  | $ | 5.7 |  | — |  | $ | 0.8 |  | — |  | $ | 0.3 |  | $ | 6.8 |
Schedule of carrying amount and estimated fair market value of the company's long-term debt, including current portion |
|  | July 3, |  | December 31, |
|  | 2016 |  | 2015 |
|  | (in millions) |
Carrying amount |  | $ | 603.0 |  | $ | 575.3 |
Estimated fair value |  | $ | 610.0 |  | $ | 584.1 |

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- Definition Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13433-108611 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
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