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Nature Of Operations And Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2012
Accounting Policies [Abstract] |
Computation Of Basic And Diluted Earnings Per Share |
(in thousands, except per share data) For the year ended December 31, | 2012 |  |  | 2011 |  |  | 2010 |
Income from continuing operations | $ | 196,189 |  |  | $ | 22,816 |  |  | $ | 152,980 |
Less: Non-controlling interest in subsidiaries’ earnings | 828 |  |  | 201 |  |  | 20 |
Income from continuing operations attributable to common shareholders | 195,361 |  |  | 22,615 |  |  | 152,960 |
Discontinued operations, net of tax | 21,632 |  |  | 3,700 |  |  | 1,210 |
Net income attributable to common shareholders | $ | 216,993 |  |  | $ | 26,315 |  |  | $ | 154,170 |
Average basic shares outstanding | 57,443 |  |  | 58,120 |  |  | 58,601 |
Effect of dilutive stock options | 850 |  |  | 1,084 |  |  | 961 |
Average diluted shares outstanding | 58,293 |  |  | 59,204 |  |  | 59,562 |
Earnings per share - basic: |  |  |  |  |
Income from continuing operations attributable to common shareholders | $ | 3.40 |  |  | $ | 0.39 |  |  | $ | 2.61 |
Discontinued operations, net of tax | 0.38 |  |  | 0.06 |  |  | 0.02 |
Net income attributable to common shareholders | $ | 3.78 |  |  | $ | 0.45 |  |  | $ | 2.63 |
Earnings per share - diluted: |  |  |  |  |
Income from continuing operations attributable to common shareholders | $ | 3.35 |  |  | $ | 0.38 |  |  | $ | 2.57 |
Discontinued operations, net of tax | 0.37 |  |  | 0.06 |  |  | 0.02 |
Net income attributable to common shareholders | $ | 3.72 |  |  | $ | 0.44 |  |  | $ | 2.59 |
Summary Of Allowance For Doubtful Accounts | A summary of allowance for doubtful accounts activity follows:
(in thousands) December 31, |  | 2012 |  |  | 2011 |  |  | 2010 |
Balance at beginning of year |  | $ | 7,317 |  |  | $ | 8,221 |  |  | $ | 8,906 |
Provisions |  | 5,878 |  |  | 5,518 |  |  | 4,250 |
Deductions |  | (6,504 | ) |  | (6,422 | ) |  | (4,935 | )
Balance at end of year |  | $ | 6,691 |  |  | $ | 7,317 |  |  | $ | 8,221 |
Summary Of Inventories | Inventories consist of the following:
(in thousands) December 31, |  | 2012 |  |  | 2011 |
Finished goods |  | $ | 113,872 |  |  | $ | 105,442 |
Finished parts and subassemblies |  | 37,517 |  |  | 35,100 |
Work in process |  | 59,277 |  |  | 74,608 |
Raw materials |  | 142,059 |  |  | 145,539 |
Total inventories |  | $ | 352,725 |  |  | $ | 360,689 |
Summary Of Property, Plant And Equipment, Net | Property, plant and equipment, net consist of the following:
(in thousands) December 31, |  | 2012 |  |  | 2011 |
Land |  | $ | 69,385 |  |  | $ | 68,404 |
Buildings and improvements |  | 180,909 |  |  | 191,821 |
Machinery and equipment |  | 546,083 |  |  | 541,832 |
Gross property, plant and equipment |  | 796,377 |  |  | 802,057 |
Less: accumulated depreciation |  | 528,094 |  |  | 517,911 |
Property, plant and equipment, net |  | $ | 268,283 |  |  | $ | 284,146 |
Schedule Of Changes To Goodwill | Changes to goodwill are as follows:
(in thousands) December 31, | 2012 |  |  | 2011 |
Balance at beginning of period | $ | 820,824 |  |  | $ | 810,285 |
Additions | — |  |  | 10,900 |
Disposals | (13,966 | ) |  | — |
Adjustments to purchase price allocations | — |  |  | 3,932 |
Currency translation | 6,934 |  |  | (4,293 | )
Balance at end of period | $ | 813,792 |  |  | $ | 820,824 |
Schedule Of Changes To Intangible Assets | Changes to intangible assets are as follows:
(in thousands) December 31, | 2012 |  |  | 2011 |
Balance at beginning of period, net of accumulated amortization | $ | 146,227 |  |  | $ | 162,636 |
Additions | — |  |  | 5,980 |
Disposals | (3,789 | ) |  | — |
Amortization expense | (16,907 | ) |  | (21,646 | )
Currency translation and other | 382 |  |  | (743 | )
Balance at end of period, net of accumulated amortization | $ | 125,913 |  |  | $ | 146,227 |
Summary Of Intangible Assets | A summary of intangible assets follows:
(in thousands) | Weighted Average Amortization Period of Finite Lived Assets (in years) |  | December 31, 2012 |  | December 31, 2011
| Gross Asset |  |  | Accumulated Amortization |  |  | Net |  |  | Gross Asset |  |  | Accumulated Amortization |  |  | Net |
Intellectual property rights | 18.9 |  | $ | 88,614 |  |  | $ | 47,202 |  |  | $ | 41,412 |  |  | $ | 89,619 |  |  | $ | 46,286 |  |  | $ | 43,333 |
Customer relationships and backlog | 11.6 |  | 140,250 |  |  | 73,630 |  |  | 66,620 |  |  | 146,291 |  |  | 66,256 |  |  | 80,035 |
Drawings | 37.9 |  | 11,149 |  |  | 9,850 |  |  | 1,299 |  |  | 11,824 |  |  | 10,423 |  |  | 1,401 |
Other | 14.1 |  | 51,093 |  |  | 34,511 |  |  | 16,582 |  |  | 52,155 |  |  | 30,697 |  |  | 21,458 |
Total | 14.0 |  | $ | 291,106 |  |  | $ | 165,193 |  |  | $ | 125,913 |  |  | $ | 299,889 |  |  | $ | 153,662 |  |  | $ | 146,227 |
Classification Of Accumulated Other Comprehensive Income (Loss) Reflected On Consolidated Balance Sheets | The table below provides the accumulated balances for each classification of accumulated other comprehensive income (loss), as reflected on the Consolidated Balance Sheets.
(in thousands) December 31, |  | 2012 |  |  | 2011 |  |  | 2010 |
Currency translation adjustment |  | $ | 69,729 |  |  | $ | 64,910 |  |  | $ | 77,183 |
Cumulative changes in pension and postretirement plan assets and obligation, net of tax |  | (197,806 | ) |  | (158,422 | ) |  | (65,665 | )
Accumulated other comprehensive (loss) income (a) |  | $ | (128,077 | ) |  | $ | (93,512 | ) |  | $ | 11,518 |

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