| Segment Reporting Disclosure [Text Block] |
Segment Information
Prior to the DJO Acquisition, the Company conducted its operations through two operating segments: Air and Gas Handling and Fabrication Technology. Subsequent to the DJO Acquisition, the Company conducts its continuing operations through three operating segments: Air and Gas Handling, Fabrication Technology, and Medical Technology segments, which also represent the Company’s reportable segments.
| | ▪ | Air and Gas Handling - a global supplier of industrial 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. |
| | • | Medical Technology - a leading provider of orthopedic solutions, providing orthopedic devices, software and services spanning the full continuum of patient care, from injury prevention to rehabilitation. |
Certain amounts not allocated to the three 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 | | March 29, 2019 | | March 30, 2018 | | (In thousands) | Net sales: | | Air and Gas Handling | $ | 323,749 |
| | $ | 347,652 |
| Fabrication Technology | 560,384 |
| | 533,273 |
| Medical Technology | 123,535 |
| | — |
| | $ | 1,007,668 |
| | $ | 880,925 |
| Segment operating income(1): | | | | Air and Gas Handling | $ | 29,430 |
| | $ | 23,382 |
| Fabrication Technology | 70,605 |
| | 64,138 |
| Medical Technology | 10,682 |
| | — |
| Corporate and other | (70,571 | ) | | (17,419 | ) | | $ | 40,146 |
| | $ | 70,101 |
|
(1) Following is a reconciliation of (Loss) income from continuing operations before income taxes to segment operating income: | | | | | | | | | | Three Months Ended | | March 29, 2019 | | March 30, 2018 | | (In thousands) | (Loss) income from continuing operations before income taxes | $ | (48,135 | ) | | $ | 37,865 |
| Loss on short term investments | — |
| | 14,719 |
| Pension settlement loss | 43,774 |
| | — |
| Interest expense, net | 29,121 |
| | 9,588 |
| Restructuring and other related charges | 15,386 |
| | 7,929 |
| Segment operating income | $ | 40,146 |
| | $ | 70,101 |
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