v3.4.0.3
Segment Information (Tables)
 3 Months Ended
Apr. 01, 2016
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The Company’s segment results were as follows:
 
Three Months Ended
 
April 1, 2016
 
March 27, 2015
 
(In thousands)
Net sales:
 
     Gas and fluid handling
$
432,738

 
$
422,209

     Fabrication technology
444,105

 
488,861

 
$
876,843

 
$
911,070

Segment operating income (loss)(1):
 
 
 
     Gas and fluid handling
$
33,923

 
$
36,257

     Fabrication technology
45,885

 
57,346

     Corporate and other
(13,674
)
 
(12,397
)
 
$
66,134

 
$
81,206

 
(1) The following is a reconciliation of Income before income taxes to segment operating income:
 
Three Months Ended
 
April 1, 2016
 
March 27, 2015
 
(In thousands)
Income before income taxes
$
39,346

 
$
65,409

Interest expense
9,120

 
12,044

Restructuring and other related charges
17,668

 
3,753

Segment operating income
$
66,134

 
$
81,206
Revenue from External Customers by Products and Services [Table Text Block]
The detail of the Company’s Net sales by product type is as follows:

 
Three Months Ended
 
April 1, 2016
 
March 27, 2015
 
(In thousands)
Gas handling
$
321,602

 
$
300,239

Fluid handling
111,136

 
121,970

Welding and cutting
444,105

 
488,861

Total Net sales
$
876,843

 
$
911,070