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INFORMATION ON REPORTABLE SEGMENTS (Tables)
 9 Months Ended
Sep. 30, 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 nine months ended September 30, 2017 and October 1, 2016 are presented below:
 
Three months ended
 
Nine months ended
 
September 30,
2017
 
October 1,
2016
 
September 30,
2017
 
October 1,
2016
Revenues: (1)
 

 
 

 
 

 
 

HVAC segment
$
119.4

 
$
116.9

 
$
349.8

 
$
350.4

Detection and Measurement segment
66.9

 
52.3

 
185.0

 
167.8

Engineered Solutions segment (2)
162.2

 
175.8

 
504.0

 
558.8

Consolidated revenues
$
348.5

 
$
345.0

 
$
1,038.8

 
$
1,077.0

 
 
 
 
 
 
 
 
Income:
 

 
 

 
 

 
 

HVAC segment
$
15.6

 
$
15.6

 
$
47.5

 
$
48.6

Detection and Measurement segment
16.5

 
7.8

 
45.0

 
30.9

Engineered Solutions segment (2) (3)
13.3

 
2.6

 
7.9

 
8.5

Total income for segments
45.4

 
26.0

 
100.4

 
88.0

 
 
 
 
 
 
 
 
Corporate expense
(11.0
)
 
(9.6
)
 
(33.7
)
 
(29.6
)
Long-term incentive compensation expense
(3.6
)
 
(4.1
)
 
(10.4
)
 
(10.2
)
Pension and postretirement income (expense)
1.4

 
(0.8
)
 
(1.2
)
 
(4.6
)
Special charges, net
(1.0
)
 
(1.9
)
 
(2.0
)
 
(4.8
)
Impairment of intangible assets
—

 
—

 
—

 
(4.0
)
Gain on sale of dry cooling business
—

 
1.7

 
—

 
18.4

Consolidated operating income
$
31.2

 
$
11.3

 
$
53.1

 
$
53.2

___________________________
(1) 
Under the percentage-of-completion method, we recognized revenues of $67.0 and $78.3 in the three months ended September 30, 2017 and October 1, 2016, respectively. For the nine months ended September 30, 2017 and October 1, 2016, revenues under the percentage-of-completion method were $211.6 and $262.7, respectively. Costs and estimated earnings in excess of billings on uncompleted contracts accounted for under the percentage-of-completion method were $41.0 and $33.9 as of September 30, 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 $19.7 and $53.3 as of September 30, 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 nine months ended September 30, 2017.
(3) 
During the third quarter of 2017, we settled a contract that had been suspended and then ultimately cancelled by a customer for cash proceeds of $9.0 and other consideration. In connection with the settlement, we recorded a gain of $10.2 during the quarter within our Engineered Solutions reportable segment.