v3.10.0.1
Discontinued Operations (Details) - USD ($)
$ in Thousands, shares in Millions
 3 Months Ended 9 Months Ended
Dec. 11, 2017
Sep. 28, 2018
Sep. 29, 2017
Sep. 28, 2018
Sep. 29, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Gain (Loss) on Disposition of Assets         $ 12,000
Sale of Short-term Investments, net   $ 139,500   $ 139,480 0
Expenses related to underwriting fees   5,800      
Disposal Group, Including Discontinued Operations, Statement of Income          
Net sales   0 $ 114,524 0 343,690
Cost of Sales   0 77,379 0 224,373
Selling, general and administrative expense [1]   2,668 29,353 7,262 90,308
Divestiture-related expense, net [2]   1,013 5,675 3,371 7,275
Restructuring and other related items   0 634 0 (7,628)
Operating (loss) income   (3,681) 1,483 (10,633) 29,362
Interest income [3]   0 88 0 353
Loss on disposal   0   (4,337)  
(Loss) income from discontinued operations before income taxes   (3,681) 1,571 (14,970) 29,715
Income tax expense [4]   (985) (511) 16,292 7,925
(Loss) income from discontinued operations, net of taxes   $ (2,696) $ 2,082 $ (31,262) 21,790
Disposal Group, Including Discontinued Operation, Additional Disclosures [Abstract]          
Cash Provided by Operating Activities, Discontinued Operations         33,900
Cash Used in Investing Activities, Discontinued Operations         $ 6,000
Fluid Handling [Member]          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Total consideration $ 860,600        
Cash consideration for sale $ 551,000        
Shares consideration for sale, shares 3.3        
Net retirement liabilities as part of the sale $ 168,000        
[1] Pursuant to the Purchase Agreement, the Company retained its asbestos-related contingencies and insurance coverages. However, as the Company did not retain an interest in the ongoing operations of the business subject to the contingencies, the Company has classified asbestos-related activity in its Condensed Consolidated Statements of Income as part of (Loss) income from discontinued operations. See Note 14, “Commitments and Contingencies” for further information.
[2] Primarily related to professional and consulting fees associated with the divestiture including due diligence and preparation of regulatory filings, as well as employee benefit arrangements and other disposition-related activities.
[3] Interest expense has not been allocated to the discontinued operations.
[4] Income tax expense for the nine months ended September 28, 2018 includes incremental tax expense due to changes in the estimated gain allocation by jurisdiction which were recognized during the three months ended June 29, 2018.