We are a global provider of flow technology, thermal equipment and services and industrial products and services with operations in over 35 countries. We offer a diverse collection of products, such as pumps, valves, fluid handling equipment, metering and mixing solutions, cooling, heating and ventilation products, power transformers, and TV and radio broadcast antennas. Our products are used by a broad array of customers in various industries, including food and beverage processing, power generation, chemical processing, pharmaceuticals, infrastructure, mineral processing, petrochemical, telecommunications and transportation.

On May 2, 2012, we filed our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2012. Beginning with that quarterly report, we classified our Service Solutions business (a business previously reported within the Test and Measurement reportable segment) as a discontinued operation (see Note 4 for additional discussion). As a result, we changed our segment reporting structure. A summary of the revised segment reporting structure implemented during the quarter ended March 31, 2012 is as follows:

For all periods presented, this Amendment No. 1 on Form 10-K/A reflects the changes that were made to our segment reporting structure during the quarter ended March 31, 2012.

The factors considered in determining our reportable segments are the economic similarity of the businesses, the nature of products sold or services provided, production processes, types of customers and distribution methods. In determining our segments, we apply the threshold criteria of the Segment Reporting Topic of the Codification to operating income or loss of each segment before considering impairment and special charges, pensions and postretirement expense, stock-based compensation and other indirect corporate expenses. This is consistent with the way our chief operating decision maker evaluates the results of each segment.

Revenues by reportable segment and our other operating segments and geographic area represent sales to unaffiliated customers, and no one customer or group of customers that, to our knowledge, are under common control accounted for more than 10% of our consolidated revenues for any period presented. Intercompany revenues among reportable segments and our other operating segments are not significant. Identifiable assets by reportable segment and for the other operating segments are those used in the respective operations of each. General corporate assets are principally cash, pension assets, deferred tax assets, certain prepaid expenses, fixed assets, and our 44.5% interest in the EGS Electrical Group, LLC and subsidiaries ("EGS") joint venture. See Note 9 to the consolidated financial statements for financial information relating to EGS.

Our Flow Technology segment designs, manufactures and markets products and solutions that are used to process, blend, filter, dry, meter and transport fluids with a focus on creating innovative new products and systems and also provides comprehensive aftermarket support services. Primary offerings include engineered pumps, mixers, process systems, heat exchangers, valves, and dehydration and drying technologies. The segment continues to focus on optimizing its global footprint while taking advantage of cross-product integration opportunities and increasing its competitive position in global end markets. Flow Technology's solutions focus on key business drivers, such as product flexibility, process optimization, sustainability and safety.

Our Thermal Equipment and Services segment engineers, manufactures and services cooling, heating and ventilation products for markets throughout the world. Primary offerings include dry, wet and hybrid cooling systems for the power generation, refrigeration, HVAC and industrial markets, as well as boilers, heating and ventilation products for the commercial and residential markets. This segment also provides thermal components for power generation plants and engineered services to maintain, refurbish, upgrade and modernize power stations. The segment continues to focus on expanding its global reach, including increasing its dry cooling, heating and ventilation presence in Asia, as well as its thermal components and service offerings. The segment's South African subsidiary has a Black Economic Empowerment shareholder, which holds a noncontrolling 25.1% interest.

Industrial Products and Services comprises operating segments that design, manufacture and market power systems, industrial tools and hydraulic units, precision machine components for the aerospace industry, crystal growing machines for the solar power generation market, television, radio and cell phone and data transmission broadcast antenna systems, communications and signal monitoring systems, fare collection systems, portable cable and pipe locators, and precision controlled industrial ovens and chambers. These operating segments continue to focus on global expansion opportunities.

Corporate expense generally relates to the cost of our Charlotte, NC corporate headquarters and our Asia Pacific center in Shanghai, China.

Financial data for our reportable segments and other operating segments, including the results of acquisitions from the dates of the respective acquisitions, for the years ended December 31, 2011, 2010 and 2009 were as follows:

	2011		2010		2009

Revenues:
Flow Technology reportable segment	$	2,042.0	$	1,662.2	$	1,634.1
Thermal Equipment and Services reportable segment		1,644.2		1,602.1		1,595.5
Industrial Products and Services		865.2		849.6		945.5

Total	$	4,551.4	$	4,113.9	$	4,175.1

Income:
Flow Technology reportable segment	$	268.4	$	215.6	$	210.9
Thermal Equipment and Services reportable segment		141.9		193.7		171.8
Industrial Products and Services		109.7		124.1		198.2

Total income for reportable and other operating segments		520.0		533.4		580.9
Corporate expense		105.9		98.4		87.1
Pension and postretirement expense		35.4		52.2		37.2
Stock-based compensation expense		39.2		29.9		26.5
Special charges, net		25.3		30.7		49.5
Impairment of goodwill and other intangible assets		28.3		1.7		6.1

Consolidated operating income	$	285.9	$	320.5	$	374.5

Capital expenditures:
Flow Technology reportable segment	$	59.6	$	23.2	$	17.6
Thermal Equipment and Services reportable segment		12.4		13.1		22.0
Industrial Products and Services		60.1		14.4		11.8
General corporate		15.1		20.3		35.0

Total	$	147.2	$	71.0	$	86.4

Depreciation and amortization:
Flow Technology reportable segment	$	41.1	$	36.5	$	34.0
Thermal Equipment and Services reportable segment		24.0		24.2		21.0
Industrial Products and Services		15.7		15.4		14.7
General corporate		7.0		5.8		5.6

Total	$	87.8	$	81.9	$	75.3

Identifiable assets:
Flow Technology reportable segment	$	3,359.9	$	2,098.0	$	1,988.3
Thermal Equipment and Services reportable segment		1,825.2		1,809.1		1,789.5
Industrial Products and Services		781.1		670.7		714.0
General corporate		705.5		729.2		576.0
Discontinued operations		720.1		686.3		657.2

Total	$	7,391.8	$	5,993.3	$	5,725.0

Geographic Areas:	2011		2010		2009

Revenues:⁽¹⁾
United States	$	2,237.7	$	2,024.1	$	2,102.3
Germany		387.6		413.4		587.6
China		277.5		362.9		272.3
South Africa		281.4		241.5		138.1
United Kingdom		239.7		219.1		229.5
Other		1,127.5		852.9		845.3

	$	4,551.4	$	4,113.9	$	4,175.1

Tangible Long-Lived Assets:
United States	$	1,075.1	$	854.8	$	687.9
Other		284.0		239.2		204.7

Long-lived assets of continuing operations		1,359.1		1,094.0		892.6
Long-lived assets of discontinued operations		107.4		116.7		96.5

Total tangible long-lived assets	$	1,466.5	$	1,210.7	$	989.1