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Segment Information | 12 Months Ended
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Dec. 31, 2015
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] | Segment Information The Company conducts its operations through three operating segments: gas handling, fluid handling and fabrication technology. The gas-handling and fluid-handling operating segments are aggregated into a single reportable segment. A description of the Company’s reportable segments is as follows:
▪ | Gas and Fluid Handling - a global supplier of a broad range of gas- and fluid-handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps, fluid-handling systems, controls and specialty valves, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets; and
▪ | Fabrication Technology - a global supplier of welding equipment and consumables, cutting equipment and consumables and automated welding and cutting systems.
Certain amounts not allocated to the two reportable segments and intersegment eliminations are reported under the heading “Corporate and other.” The Company’s management evaluates the operating results of each of its reportable segments based upon Net sales and segment operating income (loss), which represents Operating income (loss) before Restructuring and other related charges. The Company’s segment results were as follows:
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
| (In thousands)
Net sales: |  |  |
Gas and fluid handling | $ | 1,981,816 |  |  | $ | 2,329,598 |  |  | $ | 2,104,048 |
Fabrication technology | 1,985,237 |  |  | 2,294,878 |  |  | 2,103,161 |
Total Net sales | $ | 3,967,053 |  |  | $ | 4,624,476 |  |  | $ | 4,207,209 |
Segment operating income (loss)(1): |  |  |  |  |
Gas and fluid handling | $ | 194,469 |  |  | $ | 254,240 |  |  | $ | 270,708 |
Fabrication technology | 198,337 |  |  | 265,813 |  |  | 219,634 |
Corporate and other | (46,984 | ) |  | (52,379 | ) |  | (48,448 | )
Total segment operating income | $ | 345,822 |  |  | $ | 467,674 |  |  | $ | 441,894 |
Depreciation, amortization and impairment charges: |
Gas and fluid handling | $ | 68,457 |  |  | $ | 96,763 |  |  | $ | 62,792 |
Fabrication technology | 84,913 |  |  | 76,406 |  |  | 55,339 |
Corporate and other | 1,172 |  |  | 1,555 |  |  | 1,127 |
Total depreciation, amortization and impairment charges | $ | 154,542 |  |  | $ | 174,724 |  |  | $ | 119,258 |
Capital expenditures: |  |  |  |  |
Gas and fluid handling | $ | 34,303 |  |  | $ | 32,558 |  |  | $ | 37,995 |
Fabrication technology | 35,261 |  |  | 47,955 |  |  | 33,437 |
Corporate and other | 313 |  |  | 3,945 |  |  | 50 |
Total capital expenditures | $ | 69,877 |  |  | $ | 84,458 |  |  | $ | 71,482 |
(1) The following is a reconciliation of Income before income taxes to segment operating income:
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
Income before income taxes | $ | 236,902 |  |  | $ | 358,248 |  |  | $ | 302,795 |
Interest expense | 47,743 |  |  | 51,305 |  |  | 103,597 |
Restructuring and other related charges | 61,177 |  |  | 58,121 |  |  | 35,502 |
Segment operating income | $ | 345,822 |  |  | $ | 467,674 |  |  | $ | 441,894 |
| December 31,
| 2015 |  | 2014
| (In thousands)
Investments in Equity Method Investees: |  |  |
Gas and fluid handling | $ | 3,805 |  |  | $ | 7,085 |
Fabrication technology | 42,106 |  |  | 45,411 |
| $ | 45,911 |  |  | $ | 52,496 |
Total Assets(1): |  |  |
Gas and fluid handling | $ | 3,482,471 |  |  | $ | 3,648,860 |
Fabrication technology | 3,157,078 |  |  | 3,470,426 |
Corporate and other | 93,370 |  |  | 92,231 |
Total Assets | $ | 6,732,919 |  |  | $ | 7,211,517 |
(1) During the year ended December 31, 2015 the Company retrospectively adjusted provisional amounts with respect to an acquisition completed during the three months ended June 27, 2014 to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date. See Note 4, “Acquisitions” for further discussion regarding these adjustments. The Company also retrospectively adjusted amounts recorded as of December 31, 2014 for the adoption of ASU 2015-03 and ASU 2015-17. See Note 3, “Recently Issued Accounting Pronouncements” for further discussion. The detail of the Company’s operations by product type and geography is as follows:
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
| (In thousands)
Net Sales by Major Product: |  |  |  |  |
Gas handling | $ | 1,449,115 |  |  | $ | 1,676,180 |  |  | $ | 1,440,731 |
Fluid handling | 532,701 |  |  | 653,418 |  |  | 663,317 |
Welding and cutting | 1,985,237 |  |  | 2,294,878 |  |  | 2,103,161 |
Total Net sales | $ | 3,967,053 |  |  | $ | 4,624,476 |  |  | $ | 4,207,209 |
Net Sales by Origin(1): |  |  |  |  |
United States | $ | 1,124,883 |  |  | $ | 1,097,864 |  |  | $ | 836,636 |
Foreign locations | 2,842,170 |  |  | 3,526,612 |  |  | 3,370,573 |
Total Net sales | $ | 3,967,053 |  |  | $ | 4,624,476 |  |  | $ | 4,207,209 |
(1) The Company attributes revenues from external customers to individual countries based upon the country in which the sale was originated.
| December 31,
| 2015 |  | 2014(2)
| (In thousands)
Property, Plant and Equipment, Net(1): |  |  |
United States | $ | 179,194 |  |  | $ | 177,957 |
Czech Republic | 75,540 |  |  | 79,430 |
China | 63,784 |  |  | 76,959 |
Other Foreign Locations | 326,018 |  |  | 393,089 |
Property, plant and equipment, net | $ | 644,536 |  |  | $ | 727,435 |
(1) As the Company does not allocate all long-lived assets, specifically intangible assets, to each individual country, evaluation of long-lived assets in total is impracticable. (2) During the year ended December 31, 2015 the Company retrospectively adjusted provisional amounts with respect to an acquisition completed during the three months ended June 27, 2014 to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date. See Note 4, “Acquisitions” for further discussion regarding these adjustments.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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