v3.3.1.900
Selected Quarterly Data - (Unaudited) (Details) - USD ($)
$ / shares in Units, $ 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
Selected Quarterly Financial Information [Abstract]                      
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]
Gross profit 333,425 295,874 328,037 294,438 391,847 373,195 388,171 325,632 1,251,774 1,478,845 1,306,222
Net income 48,529 [2] 23,545 58,829 56,275 85,789 [2] 81,303 198,344 [3] 54,837 187,178 420,273 209,143
Net income available to Colfax Corporation common shareholders $ 44,197 [2] $ 18,359 $ 53,127 $ 52,056 $ 80,134 [2] $ 73,389 $ 191,785 [3] $ 24,877 [4] $ 167,739 $ 370,185 $ 158,232
Net income per share- basic $ 0.36 [2] $ 0.15 $ 0.43 $ 0.42 $ 0.65 [2] $ 0.59 $ 1.55 [3] $ 0.22 [4] $ 1.35 $ 3.06 $ 1.56
Net income per share- diluted $ 0.36 [2] $ 0.15 $ 0.42 $ 0.42 $ 0.64 [2] $ 0.59 $ 1.53 [3] $ 0.22 [4] $ 1.34 $ 3.02 $ 1.54
[1] The Company attributes revenues from external customers to individual countries based upon the country in which the sale was originated.
[2] Net income and Net income per share for the three months ended December 31, 2015 and 2014, was favorably impacted by the enactment of the U.S. tax extenders packages related to the exemption from taxation of certain foreign income in the United States.
[3] Net income and Net income per share for the three months ended June 27, 2014 includes the benefit of deferred tax assets as a result of the effect of the Victor Acquisition on expected future income. This reassessment resulted in a decrease in the Company’s valuation allowance against U.S. deferred tax assets. The reduction in the valuation allowance created a non-cash income tax benefit for the three months ended June 27, 2014 of $113.1 million.
[4] On February 12, 2014 the Company entered into a Conversion Agreement with the BDT Investor. As consideration for the BDT Investor’s agreement to exercise its optional conversion right, the Company paid approximately $23.4 million to the BDT Investor, of which $19.6 million represents the Preferred stock conversion inducement payment. See Note 11, “Equity” for additional information regarding the Preferred stock conversion inducement payment.