v3.5.0.2

Segment Information (Tables)

9 Months Ended

Sep. 30, 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								Nine Months Ended
	September 30, 2016				September 25, 2015				September 30, 2016				September 25, 2015
	(In thousands)
Net sales:
Gas and fluid handling	$	433,119			$	481,908			$	1,349,549			$	1,408,992
Fabrication technology	446,085				487,236				1,363,747				1,496,597
	$	879,204			$	969,144			$	2,713,296			$	2,905,589
Segment operating income (loss)(1):
Gas and fluid handling	$	29,246			$	26,634			$	108,262			$	127,097
Fabrication technology	48,074				42,415				148,430				153,635
Corporate and other	(9,641		)		(10,423		)		(35,327		)		(35,492		)
	$	67,679			$	58,626			$	221,365			$	245,240

⁽¹⁾ The following is a reconciliation of Income before income taxes to segment operating income:

	Three Months Ended								Nine Months Ended
	September 30, 2016				September 25, 2015				September 30, 2016				September 25, 2015
	(In thousands)
Income before income taxes	$	43,728			$	34,698			$	147,425			$	182,432
Interest expense	6,792				10,857				24,623				37,150
Restructuring and other related charges	17,159				13,071				49,317				25,658
Segment operating income	$	67,679			$	58,626			$	221,365			$	245,240

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								Nine Months Ended
	September 30, 2016				September 25, 2015				September 30, 2016				September 25, 2015
	(In thousands)
Gas handling	$	320,437			$	353,562			$	1,009,599			$	1,019,587
Fluid handling	112,682				128,345				339,950				389,404
Welding and cutting	446,085				487,237				1,363,747				1,496,598
Total Net sales	$	879,204			$	969,144			$	2,713,296			$	2,905,589

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

Reference 1: 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=68060357&loc=d3e9031-108599

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X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: 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=68060357&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599

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