v3.19.1
Segment Information (Tables)
3 Months Ended
Mar. 29, 2019
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
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