| Segment Reporting Disclosure [Text Block] |
Segment Information
The Company conducts its continuing operations through the Air and Gas Handling and Fabrication Technology segments, which also represent the Company’s reportable segments.
| | ▪ | Air and Gas Handling - a global supplier of centrifugal and axial fans, rotary heat exchangers, gas compressors, ventilation control systems and software, and aftermarket services; and |
| | ▪ | Fabrication Technology - a global supplier of welding equipment, cutting equipment, automated welding and cutting systems, and consumables. |
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, which represents Operating income before Restructuring and other related charges.
The Company’s segment results were as follows: | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | September 28, 2018 | | September 29, 2017 | | September 28, 2018 | | September 29, 2017 | | (In thousands) | Net sales: | | | | Air and Gas Handling | $ | 351,350 |
| | $ | 362,310 |
| | $ | 1,063,433 |
| | $ | 989,044 |
| Fabrication Technology | 524,023 |
| | 482,199 |
| | 1,618,153 |
| | 1,437,057 |
| | $ | 875,373 |
| | $ | 844,509 |
| | $ | 2,681,586 |
| | $ | 2,426,101 |
| Segment operating income(1): | | | | | | | | Air and Gas Handling | $ | 34,380 |
| | $ | 40,234 |
| | $ | 84,435 |
| | $ | 97,570 |
| Fabrication Technology | 55,635 |
| | 56,232 |
| | 190,865 |
| | 172,696 |
| Corporate and other | (13,919 | ) | | (14,402 | ) | | (46,453 | ) | | (42,024 | ) | | $ | 76,096 |
| | $ | 82,064 |
| | $ | 228,847 |
| | $ | 228,242 |
|
(1) The following is a reconciliation of Income from continuing operations before income taxes to segment operating income: | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | September 28, 2018 | | September 29, 2017 | | September 28, 2018 | | September 29, 2017 | | (In thousands) | Income from continuing operations before income taxes | $ | 50,295 |
| | $ | 63,438 |
| | $ | 148,775 |
| | $ | 176,005 |
| Loss on short term investments | — |
| | — |
| | 10,128 |
| | — |
| Interest expense, net | 9,885 |
| | 11,328 |
| | 29,153 |
| | 29,106 |
| Restructuring and other related charges | 15,916 |
| | 7,298 |
| | 40,791 |
| | 23,131 |
| Segment operating income | $ | 76,096 |
| | $ | 82,064 |
| | $ | 228,847 |
| | $ | 228,242 |
|
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