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INFORMATION ON REPORTABLE SEGMENTS (Tables)
 6 Months Ended
Jul. 01, 2017
Segment Reporting [Abstract]  
Schedule of financial data for reportable segments and other operating segments
Financial data for our reportable segments for the three and six months ended July 1, 2017 and July 2, 2016 are presented below:
 
Three months ended
 
Six months ended
 
July 1,
2017
 
July 2,
2016
 
July 1,
2017
 
July 2,
2016
Revenues: (1)
 

 
 

 
 

 
 

HVAC segment
$
120.3

 
$
121.9

 
$
230.4

 
$
233.5

Detection and Measurement segment
64.5

 
60.1

 
118.1

 
115.5

Engineered Solutions segment (2)
164.9

 
189.4

 
341.8

 
383.0

Consolidated revenues
$
349.7

 
$
371.4

 
$
690.3

 
$
732.0

 
 
 
 
 
 
 
 
Income (loss):
 

 
 

 
 

 
 

HVAC segment
$
15.4

 
$
17.1

 
$
31.9

 
$
33.0

Detection and Measurement segment
17.3

 
12.1

 
28.5

 
23.1

Engineered Solutions segment (2)
(12.0
)
 
3.0

 
(5.4
)
 
5.9

Total income for segments
20.7

 
32.2

 
55.0

 
62.0

 
 
 
 
 
 
 
 
Corporate expense
(11.3
)
 
(8.6
)
 
(22.7
)
 
(20.0
)
Long-term incentive compensation expense
(3.6
)
 
(3.4
)
 
(6.8
)
 
(6.1
)
Pension and postretirement expense
(1.2
)
 
(2.8
)
 
(2.6
)
 
(3.8
)
Special charges, net
(0.5
)
 
(2.4
)
 
(1.0
)
 
(2.9
)
Impairment of intangible assets
—

 
—

 
—

 
(4.0
)
Gain (loss) on sale of dry cooling business
—

 
(1.2
)
 
—

 
16.7

Consolidated operating income
$
4.1

 
$
13.8

 
$
21.9

 
$
41.9

___________________________
(1) 
Under the percentage-of-completion method, we recognized revenues of $65.8 and $80.1 in the three months ended July 1, 2017 and July 2, 2016, respectively. For the six months ended July 1, 2017 and July 2, 2016, revenues under the percentage-of-completion method were $144.6 and $184.4, respectively. Costs and estimated earnings in excess of billings on uncompleted contracts accounted for under the percentage-of-completion method were $31.3 and $33.9 as of July 1, 2017 and December 31, 2016, respectively, and are reported as a component of ‘‘Accounts receivable, net’’ in the condensed consolidated balance sheets. Billings in excess of costs and estimated earnings on uncompleted contracts accounted for under the percentage-of-completion method were $42.0 and $53.3 as of July 1, 2017 and December 31, 2016, respectively, and are reported as a component of ‘‘Accrued expenses’’ in the condensed consolidated balance sheets.
(2) 
As further discussed in Note 13, during the second quarter of 2017, we made revisions to our expected revenues and profits on our large power projects in South Africa. As a result of these revisions, we reduced revenue and segment income by $13.5 and $22.9, respectively, for the three and six months ended July 1, 2017.