v3.3.1.900
Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 25, 2015
Jun. 26, 2015
Mar. 27, 2015
Dec. 31, 2014
Sep. 26, 2014
Jun. 27, 2014
Mar. 28, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Net sales $ 1,061,464 $ 969,144 $ 1,025,375 $ 911,070 $ 1,206,356 $ 1,164,453 $ 1,199,336 $ 1,054,331 $ 3,967,053 [1] $ 4,624,476 [1] $ 4,207,209 [1]
Income before income taxes [2]                 236,902 358,248 302,795
Interest expense [2]                 47,743 51,305 103,597
Restructuring and other related charges [2]                 61,177 58,121 35,502
Segment Operating Income [2]                 345,822 467,674 441,894
Depreciation, amortization and impairment charges                 154,542 174,724 119,258
Capital expenditures                 69,877 84,458 71,482
Equity Method Investments 45,911       52,496       45,911 52,496  
Assets 6,732,919       7,211,517 [3]       6,732,919 7,211,517 [3]  
Gas and Fluid Handling [Member]                      
Net sales                 1,981,816 2,329,598 2,104,048
Segment Operating Income                 194,469 254,240 270,708
Depreciation, amortization and impairment charges                 68,457 96,763 62,792
Capital expenditures                 34,303 32,558 37,995
Equity Method Investments 3,805       7,085       3,805 7,085  
Assets 3,482,471       3,648,860 [3]       3,482,471 3,648,860 [3]  
Fabrication Technology [Member]                      
Net sales                 1,985,237 2,294,878 2,103,161
Segment Operating Income                 198,337 265,813 219,634
Depreciation, amortization and impairment charges                 84,913 76,406 55,339
Capital expenditures                 35,261 47,955 33,437
Equity Method Investments 42,106       45,411       42,106 45,411  
Assets 3,157,078       3,470,426 [3]       3,157,078 3,470,426 [3]  
Corporate and Other [Member]                      
Segment Operating Income                 (46,984) (52,379) (48,448)
Depreciation, amortization and impairment charges                 1,172 1,555 1,127
Capital expenditures                 313 3,945 $ 50
Assets $ 93,370       $ 92,231 [3]       $ 93,370 $ 92,231 [3]  
[1] The Company attributes revenues from external customers to individual countries based upon the country in which the sale was originated.
[2] The following is a reconciliation of Income before income taxes to segment operating income:
[3] 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.