Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2016	Oct. 18, 2016
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q3
Trading Symbol	IEX
Entity Registrant Name	IDEX CORP /DE/
Entity Central Index Key	0000832101
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		76,242,245

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 239,397	$ 328,018
Receivables, less allowance for doubtful accounts of $8,753 at September 30, 2016 and $7,812 at December 31, 2015	287,329	260,000
Inventories — net	276,013	239,124
Other current assets	54,614	35,542
Total current assets	857,353	862,684
Property, plant and equipment — net	261,092	240,945
Goodwill	1,662,892	1,396,529
Intangible assets — net	462,430	287,837
Other noncurrent assets	18,697	17,448
Total assets	3,262,464	2,805,443
Current liabilities
Trade accounts payable	117,430	128,911
Accrued expenses	160,816	153,672
Notes payable and current portion of long-term borrowings	1,171	1,087
Dividends payable	25,940	25,927
Total current liabilities	305,357	309,597
Total long-term borrowings	1,099,601	839,707
Deferred income taxes	182,688	110,483
Other noncurrent liabilities	120,075	102,365
Total liabilities	1,707,721	1,362,152
Commitments and contingencies
Preferred stock:
Authorized: 5,000,000 shares, $.01 per share par value; Issued: None	0	0
Common stock:
Authorized: 150,000,000 shares, $.01 per share par value Issued: 90,202,449 shares at September 30, 2016 and 90,151,131 shares at December 31, 2015	902	902
Additional paid-in capital	692,730	679,623
Retained earnings	1,803,060	1,666,680
Treasury stock at cost: 13,907,807 shares at September 30, 2016 and 13,616,592 shares at December 31, 2015	(794,364)	(757,416)
Accumulated other comprehensive income (loss)	(147,585)	(146,498)
Total shareholders’ equity	1,554,743	1,443,291
Total liabilities and shareholders’ equity	$ 3,262,464	$ 2,805,443

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Receivables, allowance for doubtful accounts	$ 8,753	$ 7,812
Preferred stock, authorized (in shares)	5,000,000	5,000,000
Preferred stock , par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, issued (in shares)	0	0
Common stock, authorized (in shares)	150,000,000	150,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, issued (in shares)	90,202,449	90,151,131
Treasury stock, shares (in shares)	13,907,807	13,616,592

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Statement [Abstract]
Net sales	$ 530,356	$ 503,791	$ 1,582,624	$ 1,520,870
Cost of sales	299,467	280,531	884,342	839,954
Gross profit	230,889	223,260	698,282	680,916
Selling, general and administrative expenses	119,965	114,794	371,825	360,784
Restructuring expenses	0	4,723	0	4,723
Loss (gain) on sale of businesses - net	2,067	(18,070)	2,067	(18,070)
Operating income	108,857	121,813	324,390	333,479
Other (income) expense - net	(2,364)	(693)	(4,982)	(1,589)
Interest expense	11,913	10,229	33,607	31,410
Income before income taxes	99,308	112,277	295,765	303,658
Provision for income taxes	29,435	32,772	82,003	88,614
Net income	$ 69,873	$ 79,505	$ 213,762	$ 215,044
Basic earnings per common share (in dollars per share)	$ 0.92	$ 1.03	$ 2.81	$ 2.77
Diluted earnings per common share (in dollars per share)	$ 0.91	$ 1.02	$ 2.78	$ 2.75
Share data:
Basic weighted average common shares outstanding (in shares)	75,819	76,831	75,753	77,431
Diluted weighted average common shares outstanding (in shares)	76,880	77,646	76,742	78,266

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 69,873	$ 79,505	$ 213,762	$ 215,044
Other comprehensive income (loss)
Reclassification adjustments for derivatives, net of tax	1,082	1,114	3,272	3,370
Pension and other postretirement adjustments, net of tax	594	818	1,856	2,418
Cumulative translation adjustment	353	(16,936)	(10,473)	(49,830)
Reclassification of foreign currency translation to earnings upon sale of subsidiaries	4,258	(4,725)	4,258	(4,725)
Other comprehensive income (loss)	6,287	(19,729)	(1,087)	(48,767)
Comprehensive income	$ 76,160	$ 59,776	$ 212,675	$ 166,277

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - 9 months ended Sep. 30, 2016 - USD ($) $ in Thousands	Total	Common Stock and Additional Paid-In Capital	Retained Earnings	Cumulative Translation Adjustment	Retirement Benefits Adjustment	Cumulative Unrealized Gain (Loss) on Derivatives	Treasury Stock
Balance at Dec. 31, 2015	$ 1,443,291	$ 680,525	$ 1,666,680	$ (92,979)	$ (30,901)	$ (22,618)	$ (757,416)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	213,762		213,762
Cumulative translation adjustment	(6,215)			(6,215)
Net change in retirement obligations (net of tax of $964)	1,856				1,856
Net change on derivatives designated as cash flow hedges (net of tax of $1,872)	3,272					3,272
Issuance of 447,378 shares of common stock from issuance of unvested shares, performance share units and exercise of stock options	23,152	251					22,901
Repurchase of 738,593 shares of common stock	(54,950)						(54,950)
Unvested shares surrendered for tax withholding	(4,899)						(4,899)
Share-based compensation	12,856	12,856
Cash dividends declared - $1.02 per common share outstanding	(77,382)		(77,382)
Balance at Sep. 30, 2016	$ 1,554,743	$ 693,632	$ 1,803,060	$ (99,194)	$ (29,045)	$ (19,346)	$ (794,364)

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) $ in Thousands	9 Months Ended
	Sep. 30, 2016 USD ($) $ / shares shares
Statement of Stockholders' Equity [Abstract]
Pension and other postretirement adjustments, tax \| $	$ 964
Amortization of forward starting swaps, tax \| $	$ 1,872
Issuance of common stock from performance share units and exercise of stock options (in shares) \| shares	447,378
Repurchase of common stock (in shares) \| shares	738,953
Cash dividends declared (in dollars per share) \| $ / shares	$ 1.02

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities
Net income	$ 213,762	$ 215,044
Adjustments to reconcile net income to net cash provided by operating activities:
Loss (gain) on sale of businesses - net	2,067	(18,070)
Depreciation and amortization	28,360	26,634
Amortization of intangible assets	35,964	31,340
Amortization of debt issuance costs	1,150	1,233
Share-based compensation expense	15,325	14,735
Deferred income taxes	4,880	1,473
Excess tax benefit from share-based compensation	0	(4,350)
Non-cash interest expense associated with forward starting swaps	5,144	5,287
Changes in (net of effect from acquisitions and divestitures):
Receivables	(2,178)	(1,417)
Inventories	22,250	(6,474)
Other current assets	(18,276)	(2,742)
Trade accounts payable	(16,696)	(4,002)
Accrued expenses	(2,982)	2,067
Other - net	(4,446)	1,023
Net cash flows provided by operating activities	284,324	261,781
Cash flows from investing activities
Additions of property, plant and equipment	(28,642)	(32,611)
Acquisition of businesses, net of cash acquired	(510,001)	(193,163)
Proceeds from sale of businesses, net of cash sold	32,529	27,677
Other - net	(73)	647
Net cash flows used in investing activities	(506,187)	(197,450)
Cash flows from financing activities
Borrowings under revolving facilities	460,524	383,621
Payments under revolving facilities	(402,172)	(295,934)
Payment of 2.58% Senior Euro Notes	0	(88,420)
Debt issuance costs	(246)	(1,698)
Dividends paid	(77,367)	(71,673)
Proceeds from stock option exercises	23,154	15,167
Excess tax benefit from share-based compensation	0	4,350
Purchase of common stock	(57,272)	(177,772)
Shares surrendered for tax withholding	(4,899)	(3,217)
Net cash flows provided by (used in) financing activities	141,722	(235,576)
Effect of exchange rate changes on cash and cash equivalents	(8,480)	(31,410)
Net increase (decrease) in cash	(88,621)	(202,655)
Cash and cash equivalents at beginning of year	328,018	509,137
Cash and cash equivalents at end of period	239,397	306,482
Cash paid for:
Interest	18,261	18,069
Income taxes - net	77,250	70,217
3.2% Senior Notes, due June 2023
Cash flows from financing activities
Proceeds from Senior Notes	100,000	0
3.37% Senior Notes, due June 2025
Cash flows from financing activities
Proceeds from Senior Notes	$ 100,000	$ 0

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)	Sep. 30, 2016
3.2% Senior Notes, due June 2023
Stated interest rate	3.20%
3.37% Senior Notes, due June 2025
Stated interest rate	3.37%
2.58% Senior Euro Notes
Stated interest rate	2.58%

Basis of Presentation and Significant Accounting Policies

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Basis of Presentation and Significant Accounting Policies

The Condensed Consolidated Financial Statements of IDEX Corporation (“IDEX,” “we,” “our,” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) applicable to interim financial information and the instructions to Form 10-Q under the Securities Exchange Act of 1934, as amended. The statements are unaudited but include all adjustments, consisting only of recurring items, except as noted, that the Company considers necessary for a fair presentation of the information set forth herein. The results of operations for the three and nine months ended September 30, 2016 are not necessarily indicative of the results to be expected for the entire year.

The Condensed Consolidated Financial Statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations set forth in this report should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2015.

Recently Adopted Accounting Standards

In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-09, Improvements to Employee Share-Based Payment Accounting, which simplifies several aspects of the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. The Company elected to early adopt this standard in the quarter ended March 31, 2016. The Company applied this standard prospectively and thus, prior periods have not been adjusted.

The impact of the adoption resulted in the following:

•

The Company recorded a tax benefit of $1.2 million and $5.4 million within Provision for income taxes for the three and nine months ended September 30, 2016, respectively, related to the excess tax benefit on stock options, restricted stock and performance share units. Prior to adoption this amount would have been recorded as a reduction of additional paid-in capital. This change could create volatility in the Company’s effective tax rate.


•	The Company elected not to change our policy on accounting for forfeitures and continued to estimate the total number of awards for which the requisite service period will not be rendered.


•	The Company no longer reclassifies the excess tax benefit from operating activities to financing activities in the statement of cash flows.


•	The Company excluded the excess tax benefits from the assumed proceeds available to repurchase shares in the computation of our diluted earnings per share for the three and nine months ended September 30, 2016. This increased our diluted weighted average common shares outstanding by 198 thousand and 174 thousand shares for the three and nine months ended September 30, 2016, respectively.

Recently Issued Accounting Standards

In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments (a consensus of the FASB Emerging Issues Task Force). This ASU addresses the following eight specific cash flow issues: Debt prepayment or debt extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of insurance claims; proceeds from the settlement of corporate-owned life insurance policies (including bank-owned life insurance policies); distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and application of the predominance principle. This standard is effective for fiscal years beginning after December 15, 2017. The Company does not believe the guidance will have a material impact on our consolidated financial statements.

In February 2016, the FASB issued ASU 2016-02, Leases, which introduces a new lessee model that will require most leases to be recorded on the balance sheet and eliminates the required use of bright line tests in current U.S. GAAP for determining lease classification. This standard is effective for fiscal years beginning after December 15, 2018. The Company is currently evaluating the impact of the new guidance on our consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which introduces a new five-step

revenue recognition model. Under ASU 2014-09, an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This ASU also requires disclosures sufficient to enable users to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative disclosures about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. This standard is effective for fiscal years beginning after December 15, 2017, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption. The FASB has also issued the following standards which clarify ASU 2014-09 and have the same effective date as the original standard: ASU 2016-08, Revenue from Contracts with Customers: Principal versus Agent Considerations (Reporting Revenue Gross versus Net); ASU 2016-10, Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing; and ASU 2016-12, Revenue from Contracts with Customers: Narrow-Scope Improvements and Practical Expedients. The Company is currently evaluating the impact of the new guidance on our consolidated financial statements and has not yet determined the method by which we will adopt the standard in 2018.

Acquisitions and Divestitures

9 Months Ended

Sep. 30, 2016

Business Combinations and Dispositions [Abstract]

Acquisitions and Divestitures

All of the Company’s acquisitions have been accounted for under FASB Accounting Standards Codification (“ASC”) 805, Business Combinations. Accordingly, the accounts of the acquired companies, after adjustments to reflect fair values assigned to assets and liabilities, have been included in the Company’s consolidated financial statements from their respective dates of acquisition.

The Company incurred $1.6 million and $0.9 million of acquisition-related transaction costs in the three months ended September 30, 2016 and 2015, respectively, and $4.0 million and $2.1 million in the nine months ended September 30, 2016 and 2015, respectively. These costs were recorded in Selling, general and administrative expenses and were related to completed transactions, pending transactions and potential transactions, including transactions that ultimately were not completed. During the three and nine months ended September 30, 2016, the Company recorded $4.6 million and $10.4 million, respectively, of fair value inventory step-up charges in Cost of sales associated with the completed 2016 acquisitions. During the three and nine months ended September 30, 2015, the Company recorded within Cost of sales $2.7 million and $3.4 million, respectively, of fair value inventory charges associated with completed 2015 acquisitions.

2016 Acquisitions

On March 16, 2016, the Company acquired the stock of Akron Brass Holding Corporation (“Akron Brass”), a producer of a large array of engineered life–safety products for the safety and emergency response markets, which includes apparatus valves, monitors, nozzles, specialty lighting, electronic vehicle–control systems and firefighting hand tools. The business was acquired to complement and create synergies with our existing Hale, Class 1, and Godiva businesses. Headquartered in Wooster, Ohio, Akron Brass had annual revenues in its most recent fiscal year of approximately $120 million and operates in our Fire & Safety/Diversified Products segment. Akron Brass was acquired for cash consideration of $221.4 million. The purchase price was funded with borrowings under the Company’s revolving facilities. Goodwill and intangible assets recognized as part of the transaction were $125.1 million and $90.4 million, respectively. The goodwill is not deductible for tax purposes.

On July 1, 2016, the Company acquired the stock of AWG Fittings GmbH (“AWG Fittings”), a producer of engineered products for the safety and emergency response markets, including valves, monitors and nozzles. The business was acquired to complement and create synergies with our existing Hale, Class 1, Godiva and Akron Brass businesses. Headquartered in Ballendorf, Germany, AWG Fittings had annual revenues in its most recent fiscal year of approximately $40 million and operates in our Fire & Safety/Diversified Products segment. AWG Fittings was acquired for cash consideration of $47.5 million (€42.8 million). The purchase price was funded with cash on hand. Goodwill and intangible assets recognized as part of the transaction were $22.7 million and $10.3 million, respectively. The goodwill is not deductible for tax purposes.

On August 31, 2016, the Company acquired the stock of SFC Koenig AG (“SFC Koenig”), a producer of highly engineered expanders and check valves for critical applications across the transportation, hydraulic, aviation and medical markets. Headquartered in Dietikon, Switzerland, SFC Koenig had annual revenues in its most recent fiscal year of approximately $63 million and operates in our Health & Science Technologies segment. SFC Koenig was acquired for cash consideration of $241.1 million (€215.9 million). The purchase price was funded with cash on hand and borrowings under the Company’s revolving facilities. Goodwill and intangible assets recognized as part of the transaction were $132.4 million and $114.7 million, respectively. The goodwill is not deductible for tax purposes.

The Company made initial allocations of the purchase price for the Akron Brass, AWG Fittings and SFC Koenig acquisitions as of the acquisition date based on its understanding of the fair value of the acquired assets and assumed liabilities. As the Company obtains additional information about these assets and liabilities and learns more about the newly acquired businesses, we will refine the estimates of fair value and more accurately allocate the purchase price. Only items identified as of the acquisition date are considered for subsequent adjustment. The Company will make appropriate adjustments to the purchase price allocation prior to the completion of the measurement period, as required.

The preliminary allocation of the acquisition costs to the assets acquired and liabilities assumed, based on their estimated fair values, are as follows:



	Akron Brass			AWG Fittings			SFC Koenig			Total
Current assets, net of cash acquired	$	44,126		$	18,317		$	35,568		$	98,011
Property, plant and equipment	12,195			6,847			6,566			25,608
Goodwill	125,090			22,733			132,381			280,204
Intangible assets	90,400			10,279			114,737			215,416
Deferred income taxes	—			2,524			—			2,524
Total assets acquired	271,811			60,700			289,252			621,763
Current liabilities	(7,081		)	(4,762		)	(12,858		)	(24,701		)
Deferred income taxes	(36,886		)	—			(29,809		)	(66,695		)
Other noncurrent liabilities	(6,445		)	(8,444		)	(5,477		)	(20,366		)
Net assets acquired	$	221,399		$	47,494		$	241,108		$	510,001

Acquired intangible assets consist of trade names, customer relationships and unpatented technology. The goodwill recorded for the acquisitions reflect the strategic fit, revenue and earnings growth potential of these businesses.

Of the $215.4 million of acquired intangible assets, $28.8 million was assigned to the Akron Brass trade name and is not subject to amortization. The acquired intangible assets and weighted average amortization periods are as follows:



	Total		Weighted Average Life
Trade names	$	14,423	15
Customer relationships	130,598		13
Unpatented technology	41,595		13
Amortized intangible assets	186,616
Indefinite lived - Akron Brass trade name	28,800
Total acquired intangible assets	$	215,416

2015 Acquisitions

On May 29, 2015, the Company acquired the stock of Novotema, SpA (“Novotema”), a leader in the design, manufacture and sale of specialty sealing solutions for use in the building products, gas control, transportation, industrial and water markets. The business was acquired to complement and create synergies with our existing Sealing Solutions platform. Located in Villongo, Italy, Novotema operates in our Health & Science Technologies segment. Novotema was acquired for cash consideration of $61.1 million (€56 million). The entire purchase price was funded with cash on hand. Goodwill and intangible assets recognized as part of this transaction were $34.3 million and $20.0 million, respectively. The $34.3 million of goodwill is not deductible for tax purposes.

On June 10, 2015, the Company acquired the stock of Alfa Valvole, S.r.l (“Alfa”), a leader in the design, manufacture and sale of specialty valve products for use in the chemical, petro-chemical, energy and sanitary markets. The business was acquired to expand our valve capabilities. Located in Casorezzo, Italy, Alfa operates in our Fluid & Metering Technologies segment. Alfa was acquired for cash consideration of $112.6 million (€99.8 million). The entire purchase price was funded with cash on hand. Goodwill and intangible assets recognized as part of this transaction were $69.6 million and $32.1 million, respectively. The $69.6 million of goodwill is not deductible for tax purposes.

On July 1, 2015, the Company acquired the membership interests of CiDRA Precision Services, LLC (“CPS”), a leader in the design, manufacture and sale of microfluidic components serving the life science, health and industrial markets. The business was acquired to provide a critical building block to our emerging microfluidic and nanofluidics capabilities. Located in Wallingford, Connecticut, CPS operates within our Health & Sciences Technologies segment. CPS was acquired for an aggregate purchase price of $24.2 million, consisting of $19.5 million in cash and contingent consideration valued at $4.7 million as of the opening balance sheet date. The contingent consideration was based on the achievement of financial objectives during the 12-month period following the close. Based on potential outcomes, the undiscounted amount of all the future payments that the Company could have been required to make under the contingent consideration arrangement was between $0 and $5.5 million. During the six months ended June 30, 2016, the Company re-evaluated the contingent consideration arrangement and fully reversed the $4.7 million liability based on CPS’s actual operating results from July 1, 2015 to June 30, 2016. The $4.7 million reversal was recognized as a benefit within Selling, general and administrative expenses, of which $3.7 million was recognized in March 2016 and the remaining $1.0 million was recognized in June 2016. The entire purchase price was funded with cash on hand. Goodwill and intangible assets recognized as part of this transaction were $9.7 million and $12.3 million, respectively. The $9.7 million of goodwill is deductible for tax purposes.

On December 1, 2015 the Company acquired the assets of a complementary product line within our Fluid & Metering Technologies segment. The purchase price and goodwill associated with this transaction were $1.9 million and $0.7 million, respectively.

2016 Divestitures

The Company periodically reviews its operations for businesses which may no longer be aligned with its strategic objectives and focus on core business and customers. Any resulting gain or loss recognized due to divestitures is recorded on the Consolidated Statement of Operations within Loss (gain) on sale of businesses - net.

On July 29, 2016, the Company completed the sale of its Hydra-Stop product line for $15.0 million in cash, resulting in a pre-tax gain on the sale of $5.8 million. In addition, the Company can earn up to $2 million based on the achievement of financial objectives for net sales in 2016 and 2017. The results of Hydra-Stop were reported within the Fluid & Metering Technologies segment, as part of the Water platform, and generated $7.5 million of revenues in 2016 through the date of sale.

On September 9, 2016, the Company completed the sale of its Melles Griot KK subsidiary for $17.5 million in cash, resulting in a pre-tax loss on the sale of $7.9 million. The results of Melles Griot KK were reported within the Health & Science Technologies segment, as part of the IDEX Optics and Photonics platform, and generated $13.1 million of revenues in 2016 through the date of sale.

2015 Divestitures

On July 31, 2015, the Company completed the sale of its Ismatec product line for $27.7 million in cash, resulting in a pre-tax gain on the sale of $18.1 million. The results of Ismatec were reported within the Health & Science Technologies segment, as part of the Scientific Fluidics platform, and generated $5.3 million of revenues in 2015 through the date of sale.

Business Segments

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Business Segments

The Company has three reportable business segments: Fluid & Metering Technologies, Health & Science Technologies and Fire & Safety/Diversified Products.

The Fluid & Metering Technologies segment designs, produces and distributes positive displacement pumps, flow meters, injectors, and other fluid-handling pump modules and systems and provides flow monitoring and other services for the water and wastewater industries. The Health & Science Technologies segment designs, produces and distributes a wide range of precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction and drying systems used in beverage, food processing, pharmaceutical and cosmetics, pneumatic components and sealing solutions, very high precision, low-flow rate pumping solutions required in analytical instrumentation, clinical diagnostics and drug discovery, high performance molded and extruded, biocompatible medical devices and implantables, air compressors used in medical, dental and industrial applications, optical components and coatings for applications in the fields of scientific research, defense, biotechnology, aerospace, semi-conductor, telecommunications and electronics manufacturing, laboratory and commercial equipment used in the production of micro and nano scale materials, precision photonic solutions used in life sciences, research and defense markets, and precision gear technologies that meet exacting original equipment manufacturer specifications. The Fire & Safety/Diversified Products segment produces firefighting pumps and controls, valves, monitors, nozzles, rescue tools, lifting bags and other components and systems for the fire and rescue industry, engineered stainless steel banding and clamping devices used in a variety of industrial and commercial applications, and precision equipment for dispensing, metering and mixing colorants and paints used in a variety of retail and commercial businesses around the world.

Information on the Company’s business segments is presented below, based on the nature of products and services offered. The Company evaluates performance based on several factors, of which operating income is the primary financial measure. Intersegment sales are accounted for as if the sales were to third parties.



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Net sales
Fluid & Metering Technologies
External customers	$	208,164		$	211,971		$	641,508		$	644,886
Intersegment sales	171			130			480			756
Total group sales	208,335			212,101			641,988			645,642
Health & Science Technologies
External customers	183,453			184,816			556,157			550,612
Intersegment sales	111			77			318			1,806
Total group sales	183,564			184,893			556,475			552,418
Fire & Safety/Diversified Products
External customers	138,739			107,004			384,959			325,372
Intersegment sales	28			5			37			200
Total group sales	138,767			107,009			384,996			325,572
Intersegment elimination	(310		)	(212		)	(835		)	(2,762		)
Total net sales	$	530,356		$	503,791		$	1,582,624		$	1,520,870
Operating income
Fluid & Metering Technologies	$	55,600		$	46,910		$	160,866		$	154,665
Health & Science Technologies	37,204			38,371			119,028			117,888
Fire & Safety/Diversified Products	32,189			32,536			91,709			91,180
Corporate office income (expense) and other ⁽¹⁾	(16,136		)	3,996			(47,213		)	(30,254		)
Total operating income	108,857			121,813			324,390			333,479
Interest expense	11,913			10,229			33,607			31,410
Other (income) expense - net	(2,364		)	(693		)	(4,982		)	(1,589		)
Income before income taxes	$	99,308		$	112,277		$	295,765		$	303,658
⁽¹⁾2016 includes a $2.1 million loss on sale of businesses and 2015 includes an $18.1 million gain on the sale of business.



	September 30, 2016		December 31, 2015
Assets
Fluid & Metering Technologies	$	1,084,118	$	1,125,266
Health & Science Technologies	1,323,130		1,108,302
Fire & Safety/Diversified Products	741,427		448,867
Corporate office	113,789		123,008
Total assets	$	3,262,464	$	2,805,443

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Earnings Per Common Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings per common share (“EPS”) are computed by dividing net income by the weighted average number of shares of common stock (basic) plus common stock equivalents outstanding (diluted) during the period. Common stock equivalents consist of stock options, which have been included in the calculation of weighted average shares outstanding using the treasury stock method, restricted stock, performance share units, and shares issuable in connection with certain deferred compensation agreements (“DCUs”).

ASC 260, Earnings Per Share, provides that all outstanding unvested share-based payment awards that contain rights to nonforfeitable dividends participate in undistributed earnings with common shareholders. If awards are considered participating securities, the Company is required to apply the two-class method of computing basic and diluted earnings per share. The Company has determined that its outstanding shares of restricted stock are participating securities. Accordingly, earnings per common share are computed using the more dilutive of the treasury stock method and the two-class method prescribed by ASC 260.

Basic weighted average shares reconciles to diluted weighted average shares as follows:



	Three Months Ended September 30,		Nine Months Ended September 30,
	2016	2015	2016	2015
Basic weighted average common shares outstanding	75,819	76,831	75,753	77,431
Dilutive effect of stock options, restricted stock, performance share units and DCUs	1,061	815	989	835
Diluted weighted average common shares outstanding	76,880	77,646	76,742	78,266

Options to purchase approximately 0.1 million and 0.9 million shares of common stock for the three and nine months ended September 30, 2016, respectively, and 0.9 million and 0.5 million shares of common stock for the three and nine months ended September 30, 2015 were not included in the computation of diluted EPS because the effect of their inclusion would be antidilutive.

Inventories

9 Months Ended

Sep. 30, 2016

Inventory Disclosure [Abstract]

Inventories

The components of inventories as of September 30, 2016 and December 31, 2015 were:



	September 30, 2016		December 31, 2015
Raw materials and component parts	$	166,205	$	141,671
Work in process	37,001		32,387
Finished goods	72,807		65,066
Total	$	276,013	$	239,124

Inventories are stated at the lower of cost or market. Cost, which includes material, labor and factory overhead, is determined on a FIFO basis.

Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

The changes in the carrying amount of goodwill for the nine months ended September 30, 2016, by reportable business segment, were as follows:



	Fluid & Metering Technologies			Health & Science Technologies			Fire & Safety/ Diversified Products		Total
Balance at December 31, 2015	$	584,770		$	590,605		$	221,154	$	1,396,529
Foreign currency translation	3,151			(4,820		)	1,638		(31		)
Acquisitions	—			132,381			147,823		280,204
Disposition of businesses	(3,594		)	(9,140		)	—		(12,734		)
Acquisition adjustments	(1,623		)	547			—		(1,076		)
Balance at September 30, 2016	$	582,704		$	709,573		$	370,615	$	1,662,892

ASC 350, Goodwill and Other Intangible Assets, requires that goodwill be tested for impairment at the reporting unit level on an annual basis and between annual tests if an event occurs, or circumstances change, that would more likely than not reduce the fair value of the reporting unit below its carrying value. Annually, on October 31, goodwill and other acquired intangible assets with indefinite lives are tested for impairment. Based on the results of our annual impairment test at October 31, 2015, all reporting units had a fair value that was more than 70% greater than the carrying value, except for our IDEX Optics and Photonics (“IOP”) and Valves reporting units. Our IOP reporting unit had a fair value that was approximately 20% in excess of the carrying value and our Valves reporting unit had a fair value near its carrying value as a result of the formation of this reporting unit in conjunction with our Alfa acquisition in June 2015. Due to the divestitures in the third quarter of 2016, the Company performed interim impairment tests at the Water and IOP reporting units. As a result of these interim impairment tests, the Company concluded that both reporting units had fair values in excess of their carrying values. The Water reporting unit had a fair value that was significantly in excess of its carrying value and the IOP reporting unit had a fair value that was approximately 20% in excess of its carrying value, both of which are consistent with our annual impairment test at October 31, 2015.

The following table provides the gross carrying value and accumulated amortization for each major class of intangible assets at September 30, 2016 and December 31, 2015:



	At September 30, 2016								At December 31, 2015
	Gross Carrying Amount		Accumulated Amortization			Net		Weighted Average Life	Gross Carrying Amount		Accumulated Amortization			Net
Amortized intangible assets:
Patents	$	10,180	$	(6,772	)	$	3,408	11	$	10,202	$	(6,175	)	$	4,027
Trade names	118,983		(42,190		)	76,793		16	110,658		(38,696		)	71,962
Customer relationships	384,141		(162,524		)	221,617		12	257,071		(144,134		)	112,937
Non-compete agreements	—		—			—		3	794		(775		)	19
Unpatented technology	117,455		(48,281		)	69,174		11	78,562		(42,745		)	35,817
Other	6,599		(6,061		)	538		10	6,554		(5,579		)	975
Total amortized intangible assets	637,358		(265,828		)	371,530			463,841		(238,104		)	225,737
Indefinite lived intangible assets:
Banjo trade name	62,100		—			62,100			62,100		—			62,100
Akron Brass trade name	28,800		—			28,800			—		—			—
Total intangible assets	$	728,258	$	(265,828	)	$	462,430		$	525,941	$	(238,104	)	$	287,837

The Banjo trade name is an indefinite lived intangible asset which is tested for impairment on an annual basis in accordance with ASC 350 or more frequently if events or changes in circumstances indicate that the asset might be impaired. In the first nine months of 2016, there were no triggering events or changes that would have required a review. Based on the results of our annual impairment test at October 31, 2015, the fair value of the Banjo trade name was greater than 20% in excess of the carrying value.

The Akron Brass trade name is an indefinite lived intangible asset that was generated as a result of the Akron Brass acquisition in March 2016 and it will be tested for impairment on an annual basis in accordance with ASC 350 or more frequently if events or changes in circumstances indicate that the asset might be impaired.

Amortization of intangible assets was $12.8 million and $11.2 million for the three months ended September 30, 2016 and 2015, respectively. Amortization of intangible assets was $28.4 million and $26.6 million for the nine months ended September 30, 2016 and 2015, respectively. Based on the intangible asset balances as of September 30, 2016, amortization expense is expected to approximate $14.0 million for the remaining three months of 2016, $40.3 million in 2017, $34.5 million in 2018, $33.0 million in 2019 and $32.2 million in 2020.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Borrowings

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Borrowings

Borrowings at September 30, 2016 and December 31, 2015 consisted of the following:



	September 30, 2016		December 31, 2015
Revolving Facility	$	255,130	$	195,000
4.5% Senior Notes, due December 2020	300,000		300,000
4.2% Senior Notes, due December 2021	350,000		350,000
3.2% Senior Notes, due June 2023	100,000		—
3.37% Senior Notes, due June 2025	100,000		—
Other borrowings	1,562		2,436
Total borrowings	1,106,692		847,436
Less current portion	1,171		1,087
Less deferred debt issuance costs	4,664		5,203
Less unaccreted debt discount	1,256		1,439
Total long-term borrowings	$	1,099,601	$	839,707

On June 13, 2016, the Company completed a private placement of $100 million aggregate principal amount of 3.20% Senior Notes due June 13, 2023 and $100 million aggregate principal amount of 3.37% Senior Notes due June 13, 2025 (collectively, the “Notes”) pursuant to a Note Purchase Agreement, dated June 13, 2016 (the “Purchase Agreement”). Each series of Notes bears interest at the stated amount per annum, which is payable semi-annually in arrears on each June 13^th and December 13^th. The Notes are unsecured obligations of the Company and rank pari passu in right of payment with all of the Company’s other unsecured, unsubordinated debt. The Company may at any time prepay all, or any portion of the Notes; provided that such portion is greater than 5% of the aggregate principal amount of Notes then outstanding. In the event of a prepayment, the Company will pay an amount equal to par plus accrued interest plus a make-whole amount. In addition, the Company may repurchase Notes by making an offer to all holders of the Notes, subject to certain conditions.

The Purchase Agreement contains certain covenants that restrict the Company’s ability to, among other things, transfer or sell assets, incur indebtedness, create liens, transact with affiliates and engage in certain mergers or consolidations or other change of control transactions. In addition, the Company must comply with a leverage ratio and interest coverage ratio, as further described below, and the Purchase Agreement also limits the outstanding principal amount of priority debt that may be incurred by the Company to 15% of consolidated assets. The Purchase Agreement provides for customary events of default. In the case of an event of default arising from specified events of bankruptcy or insolvency, all of the outstanding Notes will become due and payable immediately without further action or notice. In the case of payment event of default, any holder of the Notes affected thereby may declare all the Notes held by it due and payable immediately. In the case of any other event of default, a majority of the holders of Notes may declare all of the Notes to be due and payable immediately.

On June 23, 2015, the Company entered into a credit agreement (the “Credit Agreement”) along with certain of its subsidiaries, as borrowers (the “Borrowers”), Bank of America, N.A., as administrative agent, swing line lender and an issuer of letters of credit, with other agents party thereto. The Credit Agreement replaces the Company’s existing five-year, $700 million credit agreement, dated as of June 27, 2011, which was due to expire on June 27, 2016.

The Credit Agreement consists of a revolving credit facility (the “Revolving Facility”) in an aggregate principal amount of $700 million, with a final maturity date of June 23, 2020. The maturity date may be extended under certain conditions for an additional one-year term. Up to $75 million of the Revolving Facility is available for the issuance of letters of credit. Additionally, up to $50 million of the Revolving Facility is available to the Company for swing line loans, available on a same-day basis.

Proceeds of the Revolving Facility are available for use by the Borrowers for acquisitions, working capital and other general corporate purposes, including refinancing existing debt of the Company and its subsidiaries. The Company may request increases in the lending commitments under the Credit Agreement, but the aggregate lending commitments pursuant to such increases may not exceed $350 million. The Company has the right, subject to certain conditions set forth in the Credit Agreement, to designate certain foreign subsidiaries of the Company as borrowers under the Credit Agreement. In connection with any such designation,

the Company is required to guarantee the obligations of any such subsidiaries.

Borrowings under the Credit Agreement bear interest, at either an alternate base rate or an adjusted LIBOR rate plus, in each case, an applicable margin. Such applicable margin is based on the Company’s senior, unsecured, long-term debt rating and can range from .005% to 1.50%. Based on the Company’s credit rating at September 30, 2016, the applicable margin was 1.10%, resulting in a weighted average interest rate of 1.34% at September 30, 2016. Interest is payable (a) in the case of base rate loans, quarterly, and (b) in the case of LIBOR rate loans, on the maturity date of the borrowing, or quarterly from the effective date for borrowings exceeding three months.

The Credit Agreement requires payment to the lenders of a facility fee based upon (a) the amount of the lenders’ commitments under the credit facility from time to time and (b) the applicable corporate credit ratings of the Company. Voluntary prepayments of any loans and voluntary reductions of the unutilized portion of the commitments under the credit facility are permissible without penalty, subject to break funding payments and minimum notice and minimum reduction amount requirements.

The negative covenants include, among other things, limitations (each of which is subject to customary exceptions for

financings of this type) on our ability to grant liens; enter into transactions resulting in fundamental changes (such as mergers or sales of all or substantially all of the assets of the Company); restrict subsidiary dividends or other subsidiary distributions; enter into transactions with the Company’s affiliates; and incur certain additional subsidiary debt.

The Credit Agreement also contains customary events of default (subject to grace periods, as appropriate) including among others: nonpayment of principal, interest or fees; breach of the representations or warranties in any material respect; breach of the financial, affirmative or negative covenants; payment default on, or acceleration of, other material indebtedness; bankruptcy or insolvency; material judgments entered against the Company or any of its subsidiaries; certain specified events under the Employee Retirement Income Security Act of 1974, as amended; certain changes in control of the Company; and the invalidity or unenforceability of the Credit Agreement or other documents associated with the Credit Agreement.

At September 30, 2016, $255.1 million was outstanding under the Revolving Facility, with $8.2 million of outstanding letters of credit, resulting in net available borrowing capacity under the Revolving Facility at September 30, 2016 of approximately $436.7 million.

Other borrowings of $1.6 million at September 30, 2016 consisted primarily of debt at international locations maintained for working capital purposes. Interest is payable on the outstanding debt balances at rates ranging from 0.9% to 2.8% per annum.

There are two key financial covenants that the Company is required to maintain in connection with the Revolving Facility and the Notes, a minimum interest coverage ratio of 3.0 to 1 and a maximum leverage ratio of 3.50 to 1. At September 30, 2016, the Company was in compliance with both of these financial covenants. There are no financial covenants relating to the 4.5% Senior Notes or 4.2% Senior Notes; however, both are subject to cross-default provisions.

Derivative Instruments	9 Months Ended
Derivative Instruments	Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments The Company enters into cash flow hedges from time to time to reduce the exposure to variability in certain expected future cash flows. The type of cash flow hedges the Company enters into includes foreign currency contracts and interest rate exchange agreements that effectively convert a portion of floating-rate debt to fixed-rate debt and are designed to reduce the impact of interest rate changes on future interest expense. The effective portion of gains or losses on interest rate exchange agreements is reported in accumulated other comprehensive income (loss) in shareholders’ equity and reclassified into net income in the same period or periods in which the hedged transaction affects net income. See Note 13 for the amount of loss reclassified into income for interest rate contracts for the nine months ended September 30, 2016 and 2015. The remaining gain or loss in excess of the cumulative change in the present value of future cash flows or the hedged item, if any, is recognized into net income during the period of change. Fair values relating to derivative financial instruments reflect the estimated amounts that the Company would receive or pay to sell or buy the contracts based on quoted market prices of comparable contracts at each balance sheet date. As of September 30, 2016, the Company did not have any interest rate contracts outstanding. In 2010 and 2011, the Company entered into two separate forward starting interest rate contracts in anticipation of the issuance of the 4.2% Senior Notes and the 4.5% Senior Notes. The Company cash settled these two interest rate contracts in 2010 and 2011 for a total of $68.9 million, which is being amortized into interest expense over the 10 year term of the debt instruments. Approximately $6.7 million of the pre-tax amount included in accumulated other comprehensive income (loss) in shareholders’ equity at September 30, 2016 will be recognized to net income over the next 12 months as the underlying hedged transactions are realized.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

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-URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=64837297&loc=d3e41638-113959

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Fair Value Measurements

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Fair Value Measurements

ASC 820, Fair Value Measurements and Disclosures, defines fair value, provides guidance for measuring fair value and requires certain disclosures. This standard discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). The standard utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels:


•	Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities.


•	Level 2: Inputs, other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active.


•	Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions.

The following table summarizes the basis used to measure the Company’s financial assets at fair value on a recurring basis in the balance sheets at September 30, 2016 and December 31, 2015:



	Basis of Fair Value Measurements
	Balance at September 30, 2016		Level 1		Level 2		Level 3
Money market investment	$	18,210	$	18,210	$	—	$	—
Available for sale securities	5,705		5,705		—		—



	Basis of Fair Value Measurements
	Balance at December 31, 2015			Level 1		Level 2		Level 3
Money market investment	$	21,931		$	21,931	$	—	$	—
Available for sale securities	4,794			4,794		—		—
Contingent consideration	(4,705		)	—		—		(4,705		)

There were no transfers of assets or liabilities between Level 1 and Level 2 during the three and nine months ended September 30, 2016 or the year ended December 31, 2015.

In determining the fair value of the contingent consideration potentially due on the acquisition of CPS, the Company used probability weighted estimates of EBITDA during the earn-out period. The $4.7 million represented management’s best estimate of the liability as of the opening balance sheet date and December 31, 2015, based on a range of outcomes of CPS’s 12 month operating results, from July 1, 2015 to June 30, 2016. During the six months ended June 30, 2016, the Company re-evaluated the contingent consideration arrangement and fully reversed the $4.7 million liability based on CPS’s actual operating results from July 1, 2015 to June 30, 2016. The $4.7 million reversal was recognized as a benefit within Selling, general and administrative expenses, of which $3.7 million was recognized in March 2016 and the remaining $1.0 million was recognized in June 2016.

The carrying value of our cash and cash equivalents, accounts receivable, accounts payable and accrued expenses approximates their fair values because of the short term nature of these instruments. At September 30, 2016, the fair value of the outstanding indebtedness under our Revolving Facility, 3.2% Senior Notes, 3.37% Senior Notes, 4.5% Senior Notes and 4.2% Senior Notes, based on quoted market prices and current market rates for debt with similar credit risk and maturity, was approximately $1,143.2 million compared to the carrying value of $1,103.9 million. This fair value measurement is classified as Level 2 within the fair value hierarchy since it is determined based upon significant inputs observable in the market, including interest rates on recent financing transactions to entities with a credit rating similar to ours.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Restructuring

9 Months Ended

Sep. 30, 2016

Restructuring and Related Activities [Abstract]

Restructuring

During the fourth quarter of 2015, the Company recorded restructuring costs as part of the 2015 restructuring initiatives that support the implementation of key strategic efforts designed to facilitate long-term, sustainable growth through cost reduction actions, primarily consisting of employee reductions. The costs incurred related to these initiatives were included in Restructuring expenses in the Consolidated Statements of Operations while the related accruals were included in Accrued expenses in the Consolidated Balance Sheets. Severance costs primarily consisted of severance benefits through payroll continuation, COBRA subsidies, outplacement services, conditional separation costs and employer tax liabilities.

Restructuring accruals of $2.3 million and $6.6 million at September 30, 2016 and December 31, 2015, respectively, are recorded in Accrued expenses in the Consolidated Balance Sheets. Severance benefits are expected to be paid in the next six months using cash from operations. The changes in the restructuring accrual for the nine months ended September 30, 2016 are as follows:



	Restructuring
Balance at January 1, 2016	$	6,636
Payments, utilization and other	(4,378		)
Balance at September 30, 2016	$	2,258

Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Other Comprehensive Income (Loss)

The components of other comprehensive income (loss) are as follows:




	Three Months Ended September 30, 2016							Three Months Ended September 30, 2015
	Pre-tax		Tax			Net of tax		Pre-tax			Tax			Net of tax
Cumulative translation adjustment	$	4,611	$	—		$	4,611	$	(21,661	)	$	—		$	(21,661	)
Pension and other postretirement adjustments	915		(321		)	594		1,215			(397		)	818
Reclassification adjustments for derivatives	1,701		(619		)	1,082		1,748			(634		)	1,114
Total other comprehensive income (loss)	$	7,227	$	(940	)	$	6,287	$	(18,698	)	$	(1,031	)	$	(19,729	)



	Nine Months Ended September 30, 2016									Nine Months Ended September 30, 2015
	Pre-tax			Tax			Net of tax			Pre-tax			Tax			Net of tax
Cumulative translation adjustment	$	(6,215	)	$	—		$	(6,215	)	$	(54,555	)	$	—		$	(54,555	)
Pension and other postretirement adjustments	2,820			(964		)	1,856			3,605			(1,187		)	2,418
Reclassification adjustments for derivatives	5,144			(1,872		)	3,272			5,287			(1,917		)	3,370
Total other comprehensive income (loss)	$	1,749		$	(2,836	)	$	(1,087	)	$	(45,663	)	$	(3,104	)	$	(48,767	)

The following table summarizes the amounts reclassified from accumulated other comprehensive income to net income during the three and nine months ended September 30, 2016 and 2015:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Pension and other postretirement plans
Amortization of service cost	$	915		$	1,215		$	2,820		$	3,605
Total before tax	915			1,215			2,820			3,605
Provision for income taxes	(321		)	(397		)	(964		)	(1,187		)
Total net of tax	$	594		$	818		$	1,856		$	2,418
Derivatives
Reclassification adjustments	$	1,701		$	1,748		$	5,144		$	5,287
Total before tax	1,701			1,748			5,144			5,287
Provision for income taxes	(619		)	(634		)	(1,872		)	(1,917		)
Total net of tax	$	1,082		$	1,114		$	3,272		$	3,370

The Company recognizes net periodic benefit cost in both Selling, general and administrative expenses and Cost of sales, depending on the functional area of the underlying employees included in the plans.

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e689-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e640-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e716-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e709-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e637-108580

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e681-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

Common and Preferred Stock	9 Months Ended
Common and Preferred Stock	Sep. 30, 2016
Equity [Abstract]
Common and Preferred Stock	Common and Preferred Stock On December 1, 2015, the Company’s Board of Directors approved a $300.0 million increase in the authorized level for repurchases of common stock. Repurchases will be funded with future cash flow generation or borrowings available under the Revolving Facility. During the nine months ended September 30, 2016, the Company purchased a total of 739 thousand shares at a cost of $55.0 million. During the nine months ended September 30, 2015, the Company purchased 2.4 million shares at a cost of $179.4 million, of which $4.3 million was settled in October 2015. As of September 30, 2016, the amount of share repurchase authorization remaining is $580.0 million. At September 30, 2016 and December 31, 2015, the Company had 150 million shares of authorized common stock, with a par value of $.01 per share, and 5 million shares of authorized preferred stock, with a par value of $.01 per share. No preferred stock was outstanding at September 30, 2016 or December 31, 2015.

Share-Based Compensation

9 Months Ended

Sep. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation

Stock Options

Weighted average option fair values and assumptions for the periods specified are disclosed below. The fair value of each option grant was estimated on the date of the grant using the Binomial lattice option pricing model.




	Three Months Ended September 30,		Nine Months Ended September 30,
	2016	2015	2016	2015
Weighted average fair value of option grants	$21.88	$19.98	$18.47	$20.34
Dividend yield	1.53%	1.65%	1.69%	1.44%
Volatility	29.60%	29.64%	29.71%	29.91%
Risk-free forward interest rate	0.51% - 2.01%	0.29% - 3.37%	0.53% - 2.50%	0.24% - 2.82%
Expected life (in years)	5.91	6.16	5.91	5.93

Total compensation cost for stock options is as follows:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Cost of goods sold	$	92		$	91		$	354		$	441
Selling, general and administrative expenses	1,278			1,297			5,084			4,987
Total expense before income taxes	1,370			1,388			5,438			5,428
Income tax benefit	(441		)	(440		)	(1,727		)	(1,709		)
Total expense after income taxes	$	929		$	948		$	3,711		$	3,719

A summary of the Company’s stock option activity as of September 30, 2016, and changes during the nine months ended September 30, 2016, are presented in the following table:



Stock Options	Shares		Weighted Average Price		Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at January 1, 2016	2,266,433		$	54.05	6.58	$	51,918,028
Granted	558,420		75.01
Exercised	(526,918	)	43.52
Forfeited	(162,969	)	72.69
Outstanding at September 30, 2016	2,134,966		$	60.71	6.95	$	70,154,123
Vested and expected to vest as of September 30, 2016	2,013,213		$	59.83	6.84	$	67,927,238
Exercisable at September 30, 2016	1,092,881		$	48.34	5.40	$	49,426,856

Restricted Stock

Restricted stock awards generally cliff vest after three years for employees and non-employee directors. Unvested restricted stock carries dividend and voting rights and the sale of the shares is restricted prior to the date of vesting. A summary of the Company’s restricted stock activity as of September 30, 2016, and changes during the nine months ended September 30, 2016, are presented as follows:



Restricted Stock	Shares		Weighted-Average Grant Date Fair Value
Unvested at January 1, 2016	272,755		$	65.90
Granted	75,640		78.66
Vested	(104,427	)	51.73
Forfeited	(25,440	)	74.54
Unvested at September 30, 2016	218,528		$	76.08

Dividends are paid on restricted stock awards whose fair value is equal to the market price of the Company’s stock at the date of the grant.

Total compensation cost for restricted shares is as follows:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Cost of goods sold	$	64		$	9		$	325		$	245
Selling, general and administrative expenses	751			449			3,249			3,962
Total expense before income taxes	815			458			3,574			4,207
Income tax benefit	(216		)	(184		)	(1,053		)	(1,239		)
Total expense after income taxes	$	599		$	274		$	2,521		$	2,968

Cash-Settled Restricted Stock

The Company also maintains a cash-settled share based compensation plan for certain employees. Cash-settled restricted stock awards generally cliff vest after three years. A summary of the Company’s unvested cash-settled restricted stock activity as of September 30, 2016, and changes during the nine months ended September 30, 2016, are presented in the following table:



Cash-Settled Restricted Stock	Shares		Weighted-Average Fair Value
Unvested at January 1, 2016	110,860		$	76.61
Granted	39,450		93.57
Vested	(35,960	)	72.54
Forfeited	(9,465	)	93.57
Unvested at September 30, 2016	104,885		$	93.57

Dividend equivalents are paid on certain cash-settled restricted stock awards. Total compensation cost for cash-settled restricted stock is as follows:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Cost of goods sold	$	307		$	29		$	627		$	533
Selling, general and administrative expenses	881			164			1,842			1,089
Total expense before income taxes	1,188			193			2,469			1,622
Income tax benefit	(170		)	(28		)	(354		)	(251		)
Total expense after income taxes	$	1,018		$	165		$	2,115		$	1,371

Performance Share Units

Weighted average performance share unit fair values and assumptions for the period specified are disclosed below. The performance share units are market condition awards and have been assessed at fair value on the date of grant using a Monte Carlo simulation model.



	Three and Nine Months Ended September 30,
	2016	2015
Weighted average fair value of performance share units	$111.42	$95.07
Dividend yield	—%	—%
Volatility	17.99%	19.14%
Risk-free forward interest rate	0.89%	1.01%
Expected life (in years)	2.86	2.86

A summary of the Company’s performance share unit activity as of September 30, 2016, and changes during the nine months ended September 30, 2016, are presented in the following table:



Performance Share Units	Shares		Weighted-Average Grant Date Fair Value
Unvested at January 1, 2016	146,275		$	94.80
Granted	85,130		111.42
Vested	—		—
Forfeited	(31,025	)	99.52
Unvested at September 30, 2016	200,380		$	101.13

The Company granted 43,800 performance share units in February 2013, which vested on December 31, 2015. Based on the Company’s relative total shareholder return rank during the three year period ended December 31, 2015, the Company achieved a 200% payout that resulted in 87,600 shares issued in February 2016.

Total compensation cost for performance share units is as follows:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Cost of goods sold	$	—		$	—		$	—		$	—
Selling, general and administrative expenses	348			953			3,844			3,478
Total expense before income taxes	348			953			3,844			3,478
Income tax benefit	(98		)	(323		)	(1,266		)	(1,161		)
Total expense after income taxes	$	250		$	630		$	2,578		$	2,317

The Company’s policy is to recognize compensation cost on a straight-line basis, assuming forfeitures, over the requisite service period for the entire award. Classification of stock compensation cost within the Consolidated Statements of Operations is consistent with classification of cash compensation for the same employees.

As of September 30, 2016, there was $11.9 million of total unrecognized compensation cost related to stock options that is expected to be recognized over a weighted-average period of 1.5 years, $10 million of total unrecognized compensation cost related to restricted stock that is expected to be recognized over a weighted-average period of 1.1 years, and $7.6 million of total unrecognized compensation cost related to performance share units that is expected to be recognized over a weighted-average period of 1.1 years.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References + Details

Retirement Benefits

9 Months Ended

Sep. 30, 2016

Compensation and Retirement Disclosure [Abstract]

Retirement Benefits

The Company sponsors several qualified and nonqualified defined benefit and defined contribution pension plans and other postretirement plans for its employees. The following tables provide the components of net periodic benefit cost for its major defined benefit plans and its other postretirement plans.




	Pension Benefits
	Three Months Ended September 30,
	2016						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	181		$	331		$	214		$	377
Interest cost	788			344			956			437
Expected return on plan assets	(1,233		)	(203		)	(1,186		)	(282		)
Net amortization	766			241			906			405
Net periodic benefit cost	$	502		$	713		$	890		$	937



	Pension Benefits
	Nine Months Ended September 30,
	2016						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	769		$	934		$	965		$	1,134
Interest cost	2,282			1,049			2,831			1,305
Expected return on plan assets	(3,583		)	(642		)	(3,682		)	(838		)
Net amortization	2,420			722			2,585			1,334
Net periodic benefit cost	$	1,888		$	2,063		$	2,699		$	2,935



	Other Postretirement Benefits
	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Service cost	$	181		$	168		$	494		$	506
Interest cost	224			208			622			626
Net amortization	(154		)	(95		)	(462		)	(314		)
Net periodic benefit cost	$	251		$	281		$	654		$	818

The Company previously disclosed in its financial statements for the year ended December 31, 2015, that it expected to contribute approximately $6.1 million to its defined benefit plans and $0.9 million to its other postretirement benefit plans in 2016. As of September 30, 2016, the Company now expects to contribute $4.5 million to its defined benefit plans and $0.9 million to its other postretirement benefit plans in 2016. The Company contributed a total of $4.5 million during the first nine months of 2016 to fund these plans.

During the third quarter of 2016, the Company implemented a program offering certain former U.S. employees with a vested pension benefit an option to take a one-time lump sum distribution rather than future monthly pension payments. The Company expects to make approximately $8.0 million to $10.0 million in payments from the plans in connection with this action and to incur an estimated pre-tax settlement loss of $3.0 million to $6.0 million in the fourth quarter of 2016. However, since the final result of the offering is presently unknown, these amounts are subject to change.

Legal Proceedings	9 Months Ended
Legal Proceedings	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	Legal Proceedings The Company is party to various legal proceedings arising in the ordinary course of business, none of which are expected to have a material impact on its financial condition, results of operations or cash flows.

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s provision for income taxes is based upon estimated annual tax rates for the year applied to federal, state and foreign income. The provision for income taxes decreased to $29.4 million in the third quarter of 2016 from $32.8 million in the same period of 2015. The effective tax rate increased to 29.6% for the third quarter of 2016 compared to 29.2% in the same period of 2015 due to the incurrence of an additional $5.2 million of foreign withholding taxes, tax expense as a result of the divestiture of the Hydra-Stop product line and the prior year divestiture of the Ismatec product line. These unfavorable items were offset by tax benefits as a result of the divestiture of Melles Griot KK, certain return-to-provision adjustments, the early adoption of ASU 2016-09 and the related tax effects of share based payments now recognized in income, the enactment of the Protecting Americans from Tax Hikes Act of 2015 on December 18, 2015 which, beginning in 2015, permanently extended the U.S. R&D credit, as well as the mix of global pre-tax income among jurisdictions. The provision for income taxes decreased to $82.0 million in the nine months ended September 30, 2016 from $88.6 million in the same period of 2015. The effective tax rate decreased to 27.7% for the nine months ended September 30, 2016 compared to 29.2% in the same period of 2015 due tax benefits as a result of the divestiture of Melles Griot KK, certain return-to-provision adjustments, the early adoption of ASU 2016-09 and the related tax effects of share based payments now recognized in income, the enactment of the Protecting Americans from Tax Hikes Act of 2015 on December 18, 2015 which, beginning in 2015, permanently extended the U.S. R&D credit, as well as the mix of global pre-tax income among jurisdictions. These favorable items were offset by the incurrence of additional $5.2 million of foreign withholding taxes and tax expense as a result of the divestiture of the Hydra-Stop product line and the prior year divestiture of the Ismatec product line. The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. Due to the potential for resolution of federal, state and foreign examinations, and the expiration of various statutes of limitation, it is reasonably possible that the Company’s gross unrecognized tax benefits balance may change within the next twelve months by a range of zero to $2.7 million.

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On October 10, 2016, the Company entered into a definitive agreement and completed the sale of its IETG and 40Seven subsidiaries, based in Leeds, United Kingdom for cash consideration of $2.8 million, subject to customary post-closing adjustments. The results of the subsidiaries were reported within the Fluid & Metering Technologies segment and generated revenues of $12 million in 2015.

Basis of Presentation and Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

New Accounting Pronouncements

Recently Adopted Accounting Standards

The impact of the adoption resulted in the following:

•


•	The Company elected not to change our policy on accounting for forfeitures and continued to estimate the total number of awards for which the requisite service period will not be rendered.


•	The Company no longer reclassifies the excess tax benefit from operating activities to financing activities in the statement of cash flows.


•	The Company excluded the excess tax benefits from the assumed proceeds available to repurchase shares in the computation of our diluted earnings per share for the three and nine months ended September 30, 2016. This increased our diluted weighted average common shares outstanding by 198 thousand and 174 thousand shares for the three and nine months ended September 30, 2016, respectively.

Recently Issued Accounting Standards

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which introduces a new five-step

Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 30, 2016

Business Combinations and Dispositions [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The preliminary allocation of the acquisition costs to the assets acquired and liabilities assumed, based on their estimated fair values, are as follows:



	Akron Brass			AWG Fittings			SFC Koenig			Total
Current assets, net of cash acquired	$	44,126		$	18,317		$	35,568		$	98,011
Property, plant and equipment	12,195			6,847			6,566			25,608
Goodwill	125,090			22,733			132,381			280,204
Intangible assets	90,400			10,279			114,737			215,416
Deferred income taxes	—			2,524			—			2,524
Total assets acquired	271,811			60,700			289,252			621,763
Current liabilities	(7,081		)	(4,762		)	(12,858		)	(24,701		)
Deferred income taxes	(36,886		)	—			(29,809		)	(66,695		)
Other noncurrent liabilities	(6,445		)	(8,444		)	(5,477		)	(20,366		)
Net assets acquired	$	221,399		$	47,494		$	241,108		$	510,001

Schedule of Finite-Lived Intangible Assets Acquired

The acquired intangible assets and weighted average amortization periods are as follows:



	Total		Weighted Average Life
Trade names	$	14,423	15
Customer relationships	130,598		13
Unpatented technology	41,595		13
Amortized intangible assets	186,616
Indefinite lived - Akron Brass trade name	28,800
Total acquired intangible assets	$	215,416

Business Segments (Tables)

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Schedule of Information On Company's Business Segments



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Net sales
Fluid & Metering Technologies
External customers	$	208,164		$	211,971		$	641,508		$	644,886
Intersegment sales	171			130			480			756
Total group sales	208,335			212,101			641,988			645,642
Health & Science Technologies
External customers	183,453			184,816			556,157			550,612
Intersegment sales	111			77			318			1,806
Total group sales	183,564			184,893			556,475			552,418
Fire & Safety/Diversified Products
External customers	138,739			107,004			384,959			325,372
Intersegment sales	28			5			37			200
Total group sales	138,767			107,009			384,996			325,572
Intersegment elimination	(310		)	(212		)	(835		)	(2,762		)
Total net sales	$	530,356		$	503,791		$	1,582,624		$	1,520,870
Operating income
Fluid & Metering Technologies	$	55,600		$	46,910		$	160,866		$	154,665
Health & Science Technologies	37,204			38,371			119,028			117,888
Fire & Safety/Diversified Products	32,189			32,536			91,709			91,180
Corporate office income (expense) and other ⁽¹⁾	(16,136		)	3,996			(47,213		)	(30,254		)
Total operating income	108,857			121,813			324,390			333,479
Interest expense	11,913			10,229			33,607			31,410
Other (income) expense - net	(2,364		)	(693		)	(4,982		)	(1,589		)
Income before income taxes	$	99,308		$	112,277		$	295,765		$	303,658
⁽¹⁾2016 includes a $2.1 million loss on sale of businesses and 2015 includes an $18.1 million gain on the sale of business.



	September 30, 2016		December 31, 2015
Assets
Fluid & Metering Technologies	$	1,084,118	$	1,125,266
Health & Science Technologies	1,323,130		1,108,302
Fire & Safety/Diversified Products	741,427		448,867
Corporate office	113,789		123,008
Total assets	$	3,262,464	$	2,805,443

Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Schedule of Basic Weighted Average Shares Reconciles to Diluted Weighted Average Shares

Basic weighted average shares reconciles to diluted weighted average shares as follows:



	Three Months Ended September 30,		Nine Months Ended September 30,
	2016	2015	2016	2015
Basic weighted average common shares outstanding	75,819	76,831	75,753	77,431
Dilutive effect of stock options, restricted stock, performance share units and DCUs	1,061	815	989	835
Diluted weighted average common shares outstanding	76,880	77,646	76,742	78,266

Inventories (Tables)

9 Months Ended

Sep. 30, 2016

Inventory Disclosure [Abstract]

Components Of Inventories

The components of inventories as of September 30, 2016 and December 31, 2015 were:



	September 30, 2016		December 31, 2015
Raw materials and component parts	$	166,205	$	141,671
Work in process	37,001		32,387
Finished goods	72,807		65,066
Total	$	276,013	$	239,124

Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the nine months ended September 30, 2016, by reportable business segment, were as follows:



	Fluid & Metering Technologies			Health & Science Technologies			Fire & Safety/ Diversified Products		Total
Balance at December 31, 2015	$	584,770		$	590,605		$	221,154	$	1,396,529
Foreign currency translation	3,151			(4,820		)	1,638		(31		)
Acquisitions	—			132,381			147,823		280,204
Disposition of businesses	(3,594		)	(9,140		)	—		(12,734		)
Acquisition adjustments	(1,623		)	547			—		(1,076		)
Balance at September 30, 2016	$	582,704		$	709,573		$	370,615	$	1,662,892

Schedule of Gross Carrying Value and Accumulated Amortization For Each Major Class of Intangible Asset

The following table provides the gross carrying value and accumulated amortization for each major class of intangible assets at September 30, 2016 and December 31, 2015:



	At September 30, 2016								At December 31, 2015
	Gross Carrying Amount		Accumulated Amortization			Net		Weighted Average Life	Gross Carrying Amount		Accumulated Amortization			Net
Amortized intangible assets:
Patents	$	10,180	$	(6,772	)	$	3,408	11	$	10,202	$	(6,175	)	$	4,027
Trade names	118,983		(42,190		)	76,793		16	110,658		(38,696		)	71,962
Customer relationships	384,141		(162,524		)	221,617		12	257,071		(144,134		)	112,937
Non-compete agreements	—		—			—		3	794		(775		)	19
Unpatented technology	117,455		(48,281		)	69,174		11	78,562		(42,745		)	35,817
Other	6,599		(6,061		)	538		10	6,554		(5,579		)	975
Total amortized intangible assets	637,358		(265,828		)	371,530			463,841		(238,104		)	225,737
Indefinite lived intangible assets:
Banjo trade name	62,100		—			62,100			62,100		—			62,100
Akron Brass trade name	28,800		—			28,800			—		—			—
Total intangible assets	$	728,258	$	(265,828	)	$	462,430		$	525,941	$	(238,104	)	$	287,837

Borrowings (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Schedule of Borrowings

Borrowings at September 30, 2016 and December 31, 2015 consisted of the following:



	September 30, 2016		December 31, 2015
Revolving Facility	$	255,130	$	195,000
4.5% Senior Notes, due December 2020	300,000		300,000
4.2% Senior Notes, due December 2021	350,000		350,000
3.2% Senior Notes, due June 2023	100,000		—
3.37% Senior Notes, due June 2025	100,000		—
Other borrowings	1,562		2,436
Total borrowings	1,106,692		847,436
Less current portion	1,171		1,087
Less deferred debt issuance costs	4,664		5,203
Less unaccreted debt discount	1,256		1,439
Total long-term borrowings	$	1,099,601	$	839,707

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

+ Details

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Schedule of Company's Financial Assets and (Liabilities) at Fair Value on Recurring Basis

The following table summarizes the basis used to measure the Company’s financial assets at fair value on a recurring basis in the balance sheets at September 30, 2016 and December 31, 2015:



	Basis of Fair Value Measurements
	Balance at September 30, 2016		Level 1		Level 2		Level 3
Money market investment	$	18,210	$	18,210	$	—	$	—
Available for sale securities	5,705		5,705		—		—



	Basis of Fair Value Measurements
	Balance at December 31, 2015			Level 1		Level 2		Level 3
Money market investment	$	21,931		$	21,931	$	—	$	—
Available for sale securities	4,794			4,794		—		—
Contingent consideration	(4,705		)	—		—		(4,705		)

Restructuring (Tables)

9 Months Ended

Sep. 30, 2016

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve

The changes in the restructuring accrual for the nine months ended September 30, 2016 are as follows:



	Restructuring
Balance at January 1, 2016	$	6,636
Payments, utilization and other	(4,378		)
Balance at September 30, 2016	$	2,258

Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The components of other comprehensive income (loss) are as follows:




	Three Months Ended September 30, 2016							Three Months Ended September 30, 2015
	Pre-tax		Tax			Net of tax		Pre-tax			Tax			Net of tax
Cumulative translation adjustment	$	4,611	$	—		$	4,611	$	(21,661	)	$	—		$	(21,661	)
Pension and other postretirement adjustments	915		(321		)	594		1,215			(397		)	818
Reclassification adjustments for derivatives	1,701		(619		)	1,082		1,748			(634		)	1,114
Total other comprehensive income (loss)	$	7,227	$	(940	)	$	6,287	$	(18,698	)	$	(1,031	)	$	(19,729	)



	Nine Months Ended September 30, 2016									Nine Months Ended September 30, 2015
	Pre-tax			Tax			Net of tax			Pre-tax			Tax			Net of tax
Cumulative translation adjustment	$	(6,215	)	$	—		$	(6,215	)	$	(54,555	)	$	—		$	(54,555	)
Pension and other postretirement adjustments	2,820			(964		)	1,856			3,605			(1,187		)	2,418
Reclassification adjustments for derivatives	5,144			(1,872		)	3,272			5,287			(1,917		)	3,370
Total other comprehensive income (loss)	$	1,749		$	(2,836	)	$	(1,087	)	$	(45,663	)	$	(3,104	)	$	(48,767	)

Reclassification out of Accumulated Other Comprehensive Income

The following table summarizes the amounts reclassified from accumulated other comprehensive income to net income during the three and nine months ended September 30, 2016 and 2015:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Pension and other postretirement plans
Amortization of service cost	$	915		$	1,215		$	2,820		$	3,605
Total before tax	915			1,215			2,820			3,605
Provision for income taxes	(321		)	(397		)	(964		)	(1,187		)
Total net of tax	$	594		$	818		$	1,856		$	2,418
Derivatives
Reclassification adjustments	$	1,701		$	1,748		$	5,144		$	5,287
Total before tax	1,701			1,748			5,144			5,287
Provision for income taxes	(619		)	(634		)	(1,872		)	(1,917		)
Total net of tax	$	1,082		$	1,114		$	3,272		$	3,370

Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Weighted Average Option Fair Values and Assumptions




	Three Months Ended September 30,		Nine Months Ended September 30,
	2016	2015	2016	2015
Weighted average fair value of option grants	$21.88	$19.98	$18.47	$20.34
Dividend yield	1.53%	1.65%	1.69%	1.44%
Volatility	29.60%	29.64%	29.71%	29.91%
Risk-free forward interest rate	0.51% - 2.01%	0.29% - 3.37%	0.53% - 2.50%	0.24% - 2.82%
Expected life (in years)	5.91	6.16	5.91	5.93

Schedule of Compensation Cost for Stock Options

Total compensation cost for stock options is as follows:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Cost of goods sold	$	92		$	91		$	354		$	441
Selling, general and administrative expenses	1,278			1,297			5,084			4,987
Total expense before income taxes	1,370			1,388			5,438			5,428
Income tax benefit	(441		)	(440		)	(1,727		)	(1,709		)
Total expense after income taxes	$	929		$	948		$	3,711		$	3,719

Schedule of Stock Option Activity

A summary of the Company’s stock option activity as of September 30, 2016, and changes during the nine months ended September 30, 2016, are presented in the following table:



Stock Options	Shares		Weighted Average Price		Weighted-Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at January 1, 2016	2,266,433		$	54.05	6.58	$	51,918,028
Granted	558,420		75.01
Exercised	(526,918	)	43.52
Forfeited	(162,969	)	72.69
Outstanding at September 30, 2016	2,134,966		$	60.71	6.95	$	70,154,123
Vested and expected to vest as of September 30, 2016	2,013,213		$	59.83	6.84	$	67,927,238
Exercisable at September 30, 2016	1,092,881		$	48.34	5.40	$	49,426,856

Schedule of Restricted Stock Activity

A summary of the Company’s restricted stock activity as of September 30, 2016, and changes during the nine months ended September 30, 2016, are presented as follows:



Restricted Stock	Shares		Weighted-Average Grant Date Fair Value
Unvested at January 1, 2016	272,755		$	65.90
Granted	75,640		78.66
Vested	(104,427	)	51.73
Forfeited	(25,440	)	74.54
Unvested at September 30, 2016	218,528		$	76.08

Schedule of Compensation Cost for Restricted Stock

Total compensation cost for restricted shares is as follows:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Cost of goods sold	$	64		$	9		$	325		$	245
Selling, general and administrative expenses	751			449			3,249			3,962
Total expense before income taxes	815			458			3,574			4,207
Income tax benefit	(216		)	(184		)	(1,053		)	(1,239		)
Total expense after income taxes	$	599		$	274		$	2,521		$	2,968

Schedule of Unvested Cash-settled Restricted Stock Activity

A summary of the Company’s unvested cash-settled restricted stock activity as of September 30, 2016, and changes during the nine months ended September 30, 2016, are presented in the following table:



Cash-Settled Restricted Stock	Shares		Weighted-Average Fair Value
Unvested at January 1, 2016	110,860		$	76.61
Granted	39,450		93.57
Vested	(35,960	)	72.54
Forfeited	(9,465	)	93.57
Unvested at September 30, 2016	104,885		$	93.57

Schedule of Compensation Cost for Unvested Cash-settled Restricted Stock

Total compensation cost for cash-settled restricted stock is as follows:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Cost of goods sold	$	307		$	29		$	627		$	533
Selling, general and administrative expenses	881			164			1,842			1,089
Total expense before income taxes	1,188			193			2,469			1,622
Income tax benefit	(170		)	(28		)	(354		)	(251		)
Total expense after income taxes	$	1,018		$	165		$	2,115		$	1,371

Schedule of Weighted Average Performance Share Units Fair Values and Assumptions



	Three and Nine Months Ended September 30,
	2016	2015
Weighted average fair value of performance share units	$111.42	$95.07
Dividend yield	—%	—%
Volatility	17.99%	19.14%
Risk-free forward interest rate	0.89%	1.01%
Expected life (in years)	2.86	2.86

Schedule of Performance Shares Units Activity

A summary of the Company’s performance share unit activity as of September 30, 2016, and changes during the nine months ended September 30, 2016, are presented in the following table:



Performance Share Units	Shares		Weighted-Average Grant Date Fair Value
Unvested at January 1, 2016	146,275		$	94.80
Granted	85,130		111.42
Vested	—		—
Forfeited	(31,025	)	99.52
Unvested at September 30, 2016	200,380		$	101.13

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

Total compensation cost for performance share units is as follows:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Cost of goods sold	$	—		$	—		$	—		$	—
Selling, general and administrative expenses	348			953			3,844			3,478
Total expense before income taxes	348			953			3,844			3,478
Income tax benefit	(98		)	(323		)	(1,266		)	(1,161		)
Total expense after income taxes	$	250		$	630		$	2,578		$	2,317

Retirement Benefits (Tables)

9 Months Ended

Sep. 30, 2016

Pension Plans

Components of Net Periodic Benefit Cost for Defined Benefit Plans and Other Postretirement Plans

The following tables provide the components of net periodic benefit cost for its major defined benefit plans and its other postretirement plans.




	Pension Benefits
	Three Months Ended September 30,
	2016						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	181		$	331		$	214		$	377
Interest cost	788			344			956			437
Expected return on plan assets	(1,233		)	(203		)	(1,186		)	(282		)
Net amortization	766			241			906			405
Net periodic benefit cost	$	502		$	713		$	890		$	937



	Pension Benefits
	Nine Months Ended September 30,
	2016						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	769		$	934		$	965		$	1,134
Interest cost	2,282			1,049			2,831			1,305
Expected return on plan assets	(3,583		)	(642		)	(3,682		)	(838		)
Net amortization	2,420			722			2,585			1,334
Net periodic benefit cost	$	1,888		$	2,063		$	2,699		$	2,935

Other Postretirement Benefit Plans

Components of Net Periodic Benefit Cost for Defined Benefit Plans and Other Postretirement Plans



	Other Postretirement Benefits
	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Service cost	$	181		$	168		$	494		$	506
Interest cost	224			208			622			626
Net amortization	(154		)	(95		)	(462		)	(314		)
Net periodic benefit cost	$	251		$	281		$	654		$	818

Basis of Presentation and Significant Accounting Policies Basis of Presentation and Significant Accounting Policies (Details) - USD ($) shares in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Effective income tax rate reconciliation, excess tax benefit, amount	$ 1.2		$ 5.4
Increased in diluted weighted average common shares outstanding (in shares)	1,061	815	989	835
New Accounting Pronouncement, Early Adoption, Effect \| Accounting Standards Update 2016-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Increased in diluted weighted average common shares outstanding (in shares)	198		174

Acquisitions and Divestitures (Additional Information - Acquisitions) (Detail) $ in Thousands, € in Millions												3 Months Ended				6 Months Ended	9 Months Ended		12 Months Ended
	Aug. 31, 2016 EUR (€)	Aug. 31, 2016 USD ($)	Jul. 01, 2016 EUR (€)	Jul. 01, 2016 USD ($)	Mar. 16, 2016 USD ($)	Dec. 01, 2015 USD ($)	Jul. 01, 2015 USD ($)	Jun. 10, 2015 EUR (€)	Jun. 10, 2015 USD ($)	May 29, 2015 EUR (€)	May 29, 2015 USD ($)	Sep. 30, 2016 USD ($)	Jun. 30, 2016 USD ($)	Mar. 31, 2016 USD ($)	Sep. 30, 2015 USD ($)	Jun. 30, 2016 USD ($)	Sep. 30, 2016 USD ($)	Sep. 30, 2015 USD ($)	Jun. 30, 2016 USD ($)	Dec. 31, 2015 USD ($)
Business Acquisition [Line Items]
Goodwill		$ 280,204										$ 1,662,892					$ 1,662,892			$ 1,396,529
Intangible assets		215,416
Contingent consideration for acquisition																	0	$ 4,705
Akron Brass
Business Acquisition [Line Items]
Revenues																				120,000
Aggregate purchase price, cash paid					$ 221,400
Goodwill					125,090
Intangible assets					90,400
Indefinite-lived intangible assets acquired					$ 28,800
AWG Fittings GmbH (AWG)
Business Acquisition [Line Items]
Revenues																				40,000
Aggregate purchase price, cash paid			€ 42.8	$ 47,500
Goodwill				22,733
Intangible assets				$ 10,279
SFC-Koenig AG (SFC)
Business Acquisition [Line Items]
Revenues																				$ 63,000
Aggregate purchase price, cash paid	€ 215.9	241,100
Goodwill		132,381
Intangible assets		$ 114,737
Novotema, SpA
Business Acquisition [Line Items]
Aggregate purchase price, cash paid										€ 56.0	$ 61,100
Goodwill											34,300
Intangible assets											$ 20,000
Alfa Valvole, s.r.l
Business Acquisition [Line Items]
Aggregate purchase price, cash paid								€ 99.8	$ 112,600
Goodwill									69,600
Intangible assets									$ 32,100
CIDRA Precision Services, LLC
Business Acquisition [Line Items]
Aggregate purchase price, cash paid							$ 19,500
Goodwill							9,700
Intangible assets							12,300
Consideration transferred							24,200
Eran-out							4,700
CIDRA Precision Services, LLC \| Minimum
Business Acquisition [Line Items]
Contingent consideration for acquisition							0
CIDRA Precision Services, LLC \| Maximum
Business Acquisition [Line Items]
Contingent consideration for acquisition							$ 5,500
Complementary Product Line
Business Acquisition [Line Items]
Goodwill						$ 700
Consideration transferred						$ 1,900
Selling, general and administrative expenses
Business Acquisition [Line Items]
Acquisition-related transaction costs												1,600			$ 900		4,000	2,100
Selling, general and administrative expenses \| CIDRA Precision Services, LLC
Business Acquisition [Line Items]
Change in amount of contingent consideration, liability													$ 1,000	$ 3,700		$ 4,700			$ 4,700
Cost of goods sold
Business Acquisition [Line Items]
Fair value of inventory charges associated with acquisitions												$ 4,600			$ 2,700		$ 10,400	$ 3,400

Acquisitions and Divestitures (Allocation of Acquisition Costs to Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Aug. 31, 2016	Jul. 01, 2016	Mar. 16, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Current assets, net of cash acquired		$ 98,011
Property, plant and equipment		25,608
Goodwill	$ 1,662,892	280,204			$ 1,396,529
Intangible assets		215,416
Deferred income taxes		2,524
Total assets acquired		621,763
Current liabilities		(24,701)
Deferred tax liability		(66,695)
Other noncurrent liabilities		(20,366)
Net assets acquired		510,001
Akron Brass
Business Acquisition [Line Items]
Current assets, net of cash acquired				$ 44,126
Property, plant and equipment				12,195
Goodwill				125,090
Intangible assets				90,400
Deferred income taxes				0
Total assets acquired				271,811
Current liabilities				(7,081)
Deferred tax liability				(36,886)
Other noncurrent liabilities				(6,445)
Net assets acquired				$ 221,399
AWG Fittings GmbH (AWG)
Business Acquisition [Line Items]
Current assets, net of cash acquired			$ 18,317
Property, plant and equipment			6,847
Goodwill			22,733
Intangible assets			10,279
Deferred income taxes			2,524
Total assets acquired			60,700
Current liabilities			(4,762)
Deferred tax liability			0
Other noncurrent liabilities			(8,444)
Net assets acquired			$ 47,494
SFC-Koenig AG (SFC)
Business Acquisition [Line Items]
Current assets, net of cash acquired		35,568
Property, plant and equipment		6,566
Goodwill		132,381
Intangible assets		114,737
Deferred income taxes		0
Total assets acquired		289,252
Current liabilities		(12,858)
Deferred tax liability		(29,809)
Other noncurrent liabilities		(5,477)
Net assets acquired		$ 241,108

Acquisitions and Divestitures (Acquired Intangible Assets and Weighted Average Amortization Periods) (Details) - Akron Brass $ in Thousands	Mar. 16, 2016 USD ($)
Acquired Indefinite-lived Intangible Assets [Line Items]
Indefinite lived - Akron Brass trade name	$ 28,800
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, Total	186,616
Total acquired intangible assets	215,416
Trade names
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, Total	$ 14,423
Acquired intangible assets, Weighted Average Life	15 years
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, Total	$ 130,598
Acquired intangible assets, Weighted Average Life	13 years
Unpatented technology
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, Total	$ 41,595
Acquired intangible assets, Weighted Average Life	13 years

Acquisitions and Divestitures (Additional Information - Divestitures) (Details) - USD ($) $ in Thousands				3 Months Ended		7 Months Ended		8 Months Ended	9 Months Ended
	Sep. 09, 2016	Jul. 29, 2016	Jul. 31, 2015	Sep. 30, 2016	Sep. 30, 2015	Jul. 29, 2016	Jul. 31, 2015	Sep. 09, 2016	Sep. 30, 2016	Sep. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on sale of businesses				$ (2,067)	$ 18,070				$ (2,067)	$ 18,070
Revenue				$ 530,356	$ 503,791				$ 1,582,624	$ 1,520,870
Disposed of by Sale \| Hydra-Stop Product Line
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business		$ 15,000
Gain (loss) on sale of businesses		5,800
Additional proceeds from sale of business		$ 2,000
Revenue						$ 7,500
Disposed of by Sale \| Melles Griot KK Subsidiary
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business	$ 17,500
Gain (loss) on sale of businesses	$ (7,900)
Revenue								$ 13,100
Disposed of by Sale \| Ismatec Product Line
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business			$ 27,700
Gain (loss) on sale of businesses			$ 18,100
Revenue							$ 5,300

Business Segments (Schedule of Information on Company's Business Segments) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Net sales	$ 530,356	$ 503,791	$ 1,582,624	$ 1,520,870
Operating income	108,857	121,813	324,390	333,479
Interest expense	11,913	10,229	33,607	31,410
Other (income) expense - net	(2,364)	(693)	(4,982)	(1,589)
Income before income taxes	99,308	112,277	295,765	303,658
Loss (gain) on sale of businesses	2,067	(18,070)	2,067	(18,070)
Total assets	3,262,464		3,262,464		$ 2,805,443
Intersegment elimination
Segment Reporting Information [Line Items]
Net sales	(310)	(212)	(835)	(2,762)
Corporate office income (expense) and other
Segment Reporting Information [Line Items]
Operating income	(16,136)	3,996	(47,213)	(30,254)
Total assets	113,789		113,789		123,008
Fluid & Metering Technologies
Segment Reporting Information [Line Items]
Net sales	208,164	211,971	641,508	644,886
Operating income	55,600	46,910	160,866	154,665
Fluid & Metering Technologies \| Intersegment elimination
Segment Reporting Information [Line Items]
Net sales	171	130	480	756
Fluid & Metering Technologies \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	208,335	212,101	641,988	645,642
Total assets	1,084,118		1,084,118		1,125,266
Health & Science Technologies
Segment Reporting Information [Line Items]
Net sales	183,453	184,816	556,157	550,612
Operating income	37,204	38,371	119,028	117,888
Health & Science Technologies \| Intersegment elimination
Segment Reporting Information [Line Items]
Net sales	111	77	318	1,806
Health & Science Technologies \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	183,564	184,893	556,475	552,418
Total assets	1,323,130		1,323,130		1,108,302
Fire & Safety/Diversified Products
Segment Reporting Information [Line Items]
Net sales	138,739	107,004	384,959	325,372
Operating income	32,189	32,536	91,709	91,180
Fire & Safety/Diversified Products \| Intersegment elimination
Segment Reporting Information [Line Items]
Net sales	28	5	37	200
Fire & Safety/Diversified Products \| Operating Segments
Segment Reporting Information [Line Items]
Net sales	138,767	$ 107,009	384,996	$ 325,572
Total assets	$ 741,427		$ 741,427		$ 448,867

Earnings Per Common Share (Additional Information) (Detail) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Abstract]
Option to purchase common stock shares not included in the computation of diluted EPS (in shares)	0.1	0.9	0.9	0.5

Earnings Per Common Share (Schedule of Basic Weighted Average Shares Reconciles to Diluted Weighted Average Shares Outstanding) (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Accounting Policies [Abstract]
Basic weighted average common shares outstanding (in shares)	75,819	76,831	75,753	77,431
Dilutive effect of stock options, restricted stock, performance share units and DCUs	1,061	815	989	835
Diluted weighted average common shares outstanding (in shares)	76,880	77,646	76,742	78,266

Inventories (Components of Inventories) (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Raw materials and component parts	$ 166,205	$ 141,671
Work in process	37,001	32,387
Finished goods	72,807	65,066
Total	$ 276,013	$ 239,124

Goodwill and Intangible Assets (Schedule of Changes in Carrying Amount of Goodwill) (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2016 USD ($)
Goodwill [Roll Forward]
Balance at December 31, 2015	$ 1,396,529
Foreign currency translation	(31)
Acquisitions	280,204
Disposition of businesses	(12,734)
Acquisition adjustments	(1,076)
Balance at September 30, 2016	1,662,892
Fluid & Metering Technologies
Goodwill [Roll Forward]
Balance at December 31, 2015	584,770
Foreign currency translation	3,151
Acquisitions	0
Disposition of businesses	(3,594)
Acquisition adjustments	(1,623)
Balance at September 30, 2016	582,704
Health & Science Technologies
Goodwill [Roll Forward]
Balance at December 31, 2015	590,605
Foreign currency translation	(4,820)
Acquisitions	132,381
Disposition of businesses	(9,140)
Acquisition adjustments	547
Balance at September 30, 2016	709,573
Fire & Safety/Diversified Products
Goodwill [Roll Forward]
Balance at December 31, 2015	221,154
Foreign currency translation	1,638
Acquisitions	147,823
Disposition of businesses	0
Acquisition adjustments	0
Balance at September 30, 2016	$ 370,615

Goodwill and Intangible Assets (Schedule of Gross Carrying Value and Accumulated Amortization for Each Major Class of Intangible Asset) (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Goodwill And Intangible Assets [Line Items]
Amortized intangible assets - Gross Carrying Amount	$ 637,358	$ 463,841
Intangible assets - Gross Carrying Amount	728,258	525,941
Amortized intangible assets - Accumulated Amortization	(265,828)	(238,104)
Amortized intangible assets - Net	371,530	225,737
Intangible assets - Net	462,430	287,837
Banjo trade name
Goodwill And Intangible Assets [Line Items]
Indefinite lived intangible assets - Gross Carrying Amount	62,100	62,100
Indefinite lived intangible assets - Net	62,100	62,100
Akron Brass trade name
Goodwill And Intangible Assets [Line Items]
Indefinite lived intangible assets - Gross Carrying Amount	28,800	0
Indefinite lived intangible assets - Net	28,800	0
Patents
Goodwill And Intangible Assets [Line Items]
Amortized intangible assets - Gross Carrying Amount	10,180	10,202
Amortized intangible assets - Accumulated Amortization	(6,772)	(6,175)
Amortized intangible assets - Net	$ 3,408	4,027
Amortized intangible assets - Weighted Average Life	11 years
Trade names
Goodwill And Intangible Assets [Line Items]
Amortized intangible assets - Gross Carrying Amount	$ 118,983	110,658
Amortized intangible assets - Accumulated Amortization	(42,190)	(38,696)
Amortized intangible assets - Net	$ 76,793	71,962
Amortized intangible assets - Weighted Average Life	16 years
Customer relationships
Goodwill And Intangible Assets [Line Items]
Amortized intangible assets - Gross Carrying Amount	$ 384,141	257,071
Amortized intangible assets - Accumulated Amortization	(162,524)	(144,134)
Amortized intangible assets - Net	$ 221,617	112,937
Amortized intangible assets - Weighted Average Life	12 years
Non-compete agreements
Goodwill And Intangible Assets [Line Items]
Amortized intangible assets - Gross Carrying Amount	$ 0	794
Amortized intangible assets - Accumulated Amortization	0	(775)
Amortized intangible assets - Net	$ 0	19
Amortized intangible assets - Weighted Average Life	3 years
Unpatented technology
Goodwill And Intangible Assets [Line Items]
Amortized intangible assets - Gross Carrying Amount	$ 117,455	78,562
Amortized intangible assets - Accumulated Amortization	(48,281)	(42,745)
Amortized intangible assets - Net	$ 69,174	35,817
Amortized intangible assets - Weighted Average Life	11 years
Other
Goodwill And Intangible Assets [Line Items]
Amortized intangible assets - Gross Carrying Amount	$ 6,599	6,554
Amortized intangible assets - Accumulated Amortization	(6,061)	(5,579)
Amortized intangible assets - Net	$ 538	$ 975
Amortized intangible assets - Weighted Average Life	10 years

Goodwill and Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Oct. 31, 2015
Goodwill and Intangible Assets Disclosure [Line Items]
Reporting unit, percentage of fair value in excess of carrying amount					70.00%
Amortization of intangible assets	$ 12,800	$ 11,200	$ 35,964	$ 31,340
Depreciation and amortization			28,360	$ 26,634
Intangible assets, amortization expense
Remaining of 2016	14,000		14,000
2017	40,300		40,300
2018	34,500		34,500
2019	33,000		33,000
2020	$ 32,200		$ 32,200
Banjo trade name
Goodwill and Intangible Assets Disclosure [Line Items]
Reporting unit, percentage of fair value in excess of carrying amount					20.00%
IOP reporting unit
Goodwill and Intangible Assets Disclosure [Line Items]
Reporting unit, percentage of fair value in excess of carrying amount					20.00%

Accrued Expenses (Components of Accrued Expenses) (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Payables and Accruals [Abstract]
Payroll and related items	$ 62,703	$ 67,209
Management incentive compensation	13,755	12,599
Income taxes payable	11,409	3,836
Insurance	8,979	9,505
Warranty	6,036	7,936
Deferred revenue	11,200	9,885
Restructuring	2,258	6,636
Liability for uncertain tax positions	2,711	3,498
Accrued interest	11,518	1,230
Contingent consideration for acquisition	0	4,705
Other	30,247	26,633
Total accrued expenses	$ 160,816	$ 153,672

Other Noncurrent Liabilities (Components of Noncurrent Liabilities) (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Other Liabilities Disclosure [Abstract]
Pension and retiree medical obligations	$ 98,422	$ 76,190
Liability for uncertain tax positions	3,030	4,252
Deferred revenue	1,828	3,763
Other	16,795	18,160
Total other noncurrent liabilities	$ 120,075	$ 102,365

- Definition

The noncurrent portion of deferred revenue amount as of balance sheet date. Deferred revenue is a liability related to a revenue producing activity for which revenue has not yet been recognized, and is not expected to be recognized in the next twelve months. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.

+ References + Details

Borrowings (Schedule of Borrowings) (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total borrowings	$ 1,106,692	$ 847,436
Less current portion	1,171	1,087
Less deferred debt issuance costs	4,664	5,203
Less unaccreted debt discount	1,256	1,439
Total long-term borrowings	1,099,601	839,707
Revolving Facility
Debt Instrument [Line Items]
Revolving Facility	255,130	195,000
Senior Notes \| 4.5% Senior Notes, due December 2020
Debt Instrument [Line Items]
Total borrowings	300,000	300,000
Senior Notes \| 4.2% Senior Notes, due December 2021
Debt Instrument [Line Items]
Total borrowings	350,000	350,000
Senior Notes \| 3.2% Senior Notes, due June 2023
Debt Instrument [Line Items]
Total borrowings	100,000	0
Senior Notes \| 3.37% Senior Notes, due June 2025
Debt Instrument [Line Items]
Total borrowings	100,000	0
Other borrowings
Debt Instrument [Line Items]
Other borrowings	$ 1,562	$ 2,436

Borrowings (Schedule of Borrowings 1) (Detail)	Sep. 30, 2016
4.2% Senior Notes, due December 2021
Debt Instrument [Line Items]
Stated interest rate	4.20%
4.5% Senior Notes, due December 2020
Debt Instrument [Line Items]
Stated interest rate	4.50%
3.2% Senior Notes, due June 2023
Debt Instrument [Line Items]
Stated interest rate	3.20%
3.37% Senior Notes, due June 2025
Debt Instrument [Line Items]
Stated interest rate	3.37%

Borrowings (Additional Information) (Detail)		9 Months Ended
Borrowings (Additional Information) (Detail)	Jun. 23, 2015 USD ($)	Sep. 30, 2016 USD ($) covenant	Jun. 13, 2016 USD ($)	Dec. 31, 2015 USD ($)
Minimum
Line of Credit Facility [Line Items]
Required percent for prepayment amount of aggregate principal amount			5.00%
Revolving Facility
Line of Credit Facility [Line Items]
Current borrowings under revolving facility		$ 255,130,000		$ 195,000,000
Outstanding letters of credit		8,200,000
Revolving Facility, amount available to borrow		$ 436,700,000
Number of financial covenants \| covenant		2
Other borrowings
Line of Credit Facility [Line Items]
Other borrowings		$ 1,562,000		$ 2,436,000
Other borrowings \| Minimum
Line of Credit Facility [Line Items]
Stated interest rate		0.90%
Other borrowings \| Maximum
Line of Credit Facility [Line Items]
Stated interest rate		2.83%
Senior Notes \| Minimum
Line of Credit Facility [Line Items]
Interest coverage ratio		3.0
Senior Notes \| Maximum
Line of Credit Facility [Line Items]
Limitation of outstanding principal of higher preference debt as percent of consolidated assets		15.00%
Leverage ratio		3.50
3.2% Senior Notes, due June 2023
Line of Credit Facility [Line Items]
Stated interest rate		3.20%
3.2% Senior Notes, due June 2023 \| Senior Notes
Line of Credit Facility [Line Items]
Face amount of debt			$ 100,000,000
Stated interest rate			3.20%
3.37% Senior Notes, due June 2025
Line of Credit Facility [Line Items]
Stated interest rate		3.37%
3.37% Senior Notes, due June 2025 \| Senior Notes
Line of Credit Facility [Line Items]
Face amount of debt			$ 100,000,000
Stated interest rate			3.37%
4.5% Senior Notes, due December 2020
Line of Credit Facility [Line Items]
Stated interest rate		4.50%
4.2% Senior Notes, due December 2021
Line of Credit Facility [Line Items]
Stated interest rate		4.20%
Credit Agreement
Line of Credit Facility [Line Items]
Debt instrument, term	5 years
Borrowing capacity	$ 700,000,000
Expiration date	Jun. 23, 2020
Extension period	1 year
Aggregate lending commitments	$ 350,000,000
Applicable margin over LIBOR		1.10%
Effective percentage		1.34%
Credit Agreement \| Minimum
Line of Credit Facility [Line Items]
Applicable margin over LIBOR		0.005%
Credit Agreement \| Maximum
Line of Credit Facility [Line Items]
Applicable margin over LIBOR		1.50%
Credit Agreement \| Letters Of Credit
Line of Credit Facility [Line Items]
Borrowing capacity	75,000,000
Credit Agreement \| Swing line Loans
Line of Credit Facility [Line Items]
Borrowing capacity	$ 50,000,000

Derivative Instruments (Additional Information) (Detail) $ in Thousands	9 Months Ended		24 Months Ended
	Sep. 30, 2016 USD ($)	Sep. 30, 2015 USD ($)	Dec. 31, 2011 USD ($) instrument
Derivative [Line Items]
Amortization of interest expense	$ 1,150	$ 1,233
Amount to be recognized from hedged transactions within 12 months, approximate	$ 6,700
4.2% Senior Notes, due December 2021
Derivative [Line Items]
Interest rate on senior notes			4.20%
4.5% Senior Notes, due December 2020
Derivative [Line Items]
Interest rate on senior notes			4.50%
Interest Rate Contract
Derivative [Line Items]
Number of instruments held \| instrument			2
Interest Rate Exchange Agreement Expiring 2010 and 2011
Derivative [Line Items]
Amortization of interest expense			$ 68,900
Term of amortized interest expense, years			10 years

Fair Value Measurements (Schedule of Company Financial Assets and Liabilities at Fair Value on Recurring Basis) (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market investment	$ 18,210	$ 21,931
Available for sale securities	5,705	4,794
Contingent consideration		(4,705)
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market investment	18,210	21,931
Available for sale securities	5,705	4,794
Contingent consideration		0
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market investment	0	0
Available for sale securities	0	0
Contingent consideration		0
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market investment	0	0
Available for sale securities	$ 0	0
Contingent consideration		$ (4,705)

Fair Value Measurements (Additional Information) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended	12 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2016	Jun. 30, 2016	Sep. 30, 2016	Dec. 31, 2015
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value					$ 1,143.2
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value					$ 1,103.9
3.2% Senior Notes, due June 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate					3.20%
3.37% Senior Notes, due June 2025
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate					3.37%
4.5% Senior Notes, due December 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate					4.50%
4.2% Senior Notes, due December 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate					4.20%
CIDRA Precision Services, LLC \| Selling, general and administrative expenses
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Change in amount of contingent consideration, liability	$ 1.0	$ 3.7	$ 4.7	$ 4.7
Accrued Expenses
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Contingent consideration						$ 4.7

Restructuring (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Restructuring and Related Activities [Abstract]
Restructuring reserve	$ 2,258	$ 6,636

Restructuring (Restructuring Accruals) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016 USD ($)
Restructuring Reserve [Roll Forward]
Balance at January 1, 2016	$ 6,636
Payments, utilization and other	(4,378)
Balance at September 30, 2016	$ 2,258

Other Comprehensive Income (Loss) (Components of Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive income (loss)	$ 6,287	$ (19,729)	$ (1,087)	$ (48,767)
AOCI
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total other comprehensive income (loss), Pre-tax	7,227	(18,698)	1,749	(45,663)
Total other comprehensive income (loss), Tax	(940)	(1,031)	(2,836)	(3,104)
Other comprehensive income (loss)	6,287	(19,729)	(1,087)	(48,767)
Cumulative translation adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total other comprehensive income (loss), Pre-tax	4,611	(21,661)	(6,215)	(54,555)
Total other comprehensive income (loss), Tax	0	0	0	0
Other comprehensive income (loss)	4,611	(21,661)	(6,215)	(54,555)
Pension and other postretirement adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total other comprehensive income (loss), Pre-tax	915	1,215	2,820	3,605
Total other comprehensive income (loss), Tax	(321)	(397)	(964)	(1,187)
Other comprehensive income (loss)	594	818	1,856	2,418
Reclassification adjustments for derivatives
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total other comprehensive income (loss), Pre-tax	1,701	1,748	5,144	5,287
Total other comprehensive income (loss), Tax	(619)	(634)	(1,872)	(1,917)
Other comprehensive income (loss)	$ 1,082	$ 1,114	$ 3,272	$ 3,370

Other Comprehensive Income (Loss) (Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of service cost	$ (119,965)	$ (114,794)	$ (371,825)	$ (360,784)
Reclassification adjustments	(11,913)	(10,229)	(33,607)	(31,410)
Total before tax	(29,435)	(32,772)	(82,003)	(88,614)
Reclassification out of Accumulated Other Comprehensive Income \| Pension and other postretirement plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of service cost	915	1,215	2,820	3,605
Total before tax	915	1,215	2,820	3,605
Total before tax	(321)	(397)	(964)	(1,187)
Total net of tax	594	818	1,856	2,418
Reclassification out of Accumulated Other Comprehensive Income \| Derivatives
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	1,701	1,748	5,144	5,287
Reclassification adjustments	1,701	1,748	5,144	5,287
Total before tax	(619)	(634)	(1,872)	(1,917)
Total net of tax	$ 1,082	$ 1,114	$ 3,272	$ 3,370

Common and Preferred Stock (Additional Information) (Detail) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	9 Months Ended
	Dec. 01, 2015	Oct. 31, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Equity [Abstract]
Increase in share repurchase authorized amount	$ 300,000
Purchase of common stock (in shares)			738,953	2,400,000
Repurchase of common stock, including subsequent settlements			$ 55,000	$ 179,400
Purchase of common stock		$ 4,300	57,272	$ 177,772
Remaining authorized repurchase amount			$ 580,000
Common stock, authorized (in shares)			150,000,000		150,000,000
Common stock, par value (in dollars per share)			$ 0.01		$ 0.01
Preferred stock, authorized (in shares)			5,000,000		5,000,000
Preferred stock, par value (in dollars per share)			$ 0.01		$ 0.01
Preferred stock, issued (in shares)			0		0

Share Based Compensation - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended		9 Months Ended
	Feb. 29, 2016	Feb. 28, 2013	Sep. 30, 2016
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			75,640
Restricted Stock \| Employees and Non-employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
Cash-settled Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
Granted (in shares)			39,450
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost			$ 11.9
Weighted-average period of total unrecognized compensation cost, in years			1 year 6 months
Unvested Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost			$ 10.0
Weighted-average period of total unrecognized compensation cost, in years			1 year 1 month 6 days
Performance Shares Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
Granted (in shares)		43,800	85,130
Payout percent	200.00%
Stock issued during period (in shares)	87,600
Total unrecognized compensation cost			$ 7.6
Weighted-average period of total unrecognized compensation cost, in years			1 year 1 month 6 days

Share-Based Compensation - Schedule of Weighted Average Option Fair Values and Assumptions (Detail) - Stock Option - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value of grants (in dollars per share)	$ 21.88	$ 19.98	$ 18.47	$ 20.34
Dividend yield	1.53%	1.65%	1.69%	1.44%
Volatility	29.60%	29.64%	29.71%	29.91%
Risk-free interest rate, minimum	0.51%	0.29%	0.53%	0.24%
Risk-free interest rate, maximum	2.01%	3.37%	2.50%	2.82%
Expected life (in years)	5 years 10 months 28 days	6 years 1 month 28 days	5 years 10 months 28 days	5 years 11 months 5 days

Share-Based Compensation - Schedule of Compensation Cost for Stock Options (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense			$ 15,325	$ 14,735
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	$ 1,370	$ 1,388	5,438	5,428
Income tax benefit	(441)	(440)	(1,727)	(1,709)
Total expense after income taxes	929	948	3,711	3,719
Stock Option \| Cost of goods sold
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	92	91	354	441
Stock Option \| Selling, general and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	$ 1,278	$ 1,297	$ 5,084	$ 4,987

Share-Based Compensation - Stock Options Activity (Detail) - Stock Option - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Shares
Beginning balance (in shares)	2,266,433
Granted (in shares)	558,420
Exercised (in shares)	(526,918)
Forfeited/Expired (in shares)	(162,969)
Ending balance (in shares)	2,134,966	2,266,433
Vested and expected to vest (in shares)	2,013,213
Exercisable (in shares)	1,092,881
Weighted Average Price
Beginning Balance, Weighted Average Price (in dollars per share)	$ 54.05
Granted, Weighted Average Price (in dollars per share)	75.01
Exercised, Weighted Average Price (in dollars per share)	43.52
Forfeited, Weighted Average Price (in dollars per share)	72.69
Ending Balance, Weighted Average Price (in dollars per share)	$ 60.71	$ 54.05
Weighted-Average Remaining Contractual Term
Stock options outstanding, Weighted-Average Remaining Contractual Term	6 years 11 months 12 days	6 years 6 months 29 days
Aggregate Intrinsic Value
Stock options outstanding, Aggregate intrinsic value	$ 70,154,123	$ 51,918,028
Vested and expected to vest , Weighted Average Price (in dollars per share)	$ 59.83
Exercisable, Weighted Average Price (in dollars per share)	$ 48.34
Weighted-Average Remaining Contractual Term, Vested and expected to vest	6 years 10 months 2 days
Weighted-Average Remaining Contractual Term, Exercisable	5 years 4 months 24 days
Aggregate Intrinsic Value, Vested and expected to vest	$ 67,927,238
Aggregate Intrinsic Value, Exercisable	$ 49,426,856

Share-Based Compensation - Restricted Stock Units Activity (Detail) - Restricted Stock	9 Months Ended
	Sep. 30, 2016 $ / shares shares
Shares
Unvested, Beginning balance (in shares) \| shares	272,755
Granted (in shares) \| shares	75,640
Vested (in shares) \| shares	(104,427)
Forfeited (in shares) \| shares	(25,440)
Unvested, Ending balance (in shares) \| shares	218,528
Weighted-Average Grant Date Fair Value
Unvested, Beginning balance (in dollars per share) \| $ / shares	$ 65.90
Granted (in dollars per share) \| $ / shares	78.66
Vested (in dollars per share) \| $ / shares	51.73
Forfeited (in dollars per share) \| $ / shares	74.54
Unvested, Ending balance (in dollars per share) \| $ / shares	$ 76.08

Share-Based Compensation - Schedule of Compensation Cost for Restricted Stock Units (Details) - Restricted Stock - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	$ 815	$ 458	$ 3,574	$ 4,207
Income tax benefit	(216)	(184)	(1,053)	(1,239)
Total expense after income taxes	599	274	2,521	2,968
Cost of goods sold
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	64	9	325	245
Selling, general and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	$ 751	$ 449	$ 3,249	$ 3,962

Share-Based Compensation - Cash-settled Restricted Stock Activity (Details) - Cash-settled Restricted Stock	9 Months Ended
	Sep. 30, 2016 $ / shares shares
Shares
Unvested, Beginning balance (in shares) \| shares	110,860
Granted (in shares) \| shares	39,450
Vested (in shares) \| shares	(35,960)
Forfeited (in shares) \| shares	(9,465)
Unvested, Ending balance (in shares) \| shares	104,885
Weighted-Average Grant Date Fair Value
Unvested, Beginning balance (in dollars per share) \| $ / shares	$ 76.61
Granted (in dollars per share) \| $ / shares	93.57
Vested (in dollars per share) \| $ / shares	72.54
Forfeited (in dollars per share) \| $ / shares	93.57
Unvested, Ending balance (in dollars per share) \| $ / shares	$ 93.57

Share-Based Compensation - Schedule of Compensation Cost for Cash-settled Restricted Stock (Details) - Cash-settled Restricted Stock - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	$ 1,188	$ 193	$ 2,469	$ 1,622
Income tax benefit	(170)	(28)	(354)	(251)
Total expense after income taxes	1,018	165	2,115	1,371
Cost of goods sold
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	307	29	627	533
Selling, general and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	$ 881	$ 164	$ 1,842	$ 1,089

Share-Based Compensation - Schedule of Weighted Average Performance Share Units Fair Values and Assumptions (Detail) - Performance Shares Units - $ / shares	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value of performance share units (in dollars per share)	$ 111.42	$ 95.07
Dividend yield	0.00%	0.00%
Volatility	17.99%	19.14%
Risk-free forward interest rate	0.89%	1.01%
Expected life (in years)	2 years 10 months 10 days	2 years 10 months 10 days

Share-Based Compensation - Performance Share Unit Activity (Details) - Performance Shares Units - $ / shares	1 Months Ended	9 Months Ended
	Feb. 28, 2013	Sep. 30, 2016
Shares
Unvested, Beginning balance (in shares)		146,275
Granted (in shares)	43,800	85,130
Vested (in shares)		0
Forfeited (in shares)		(31,025)
Unvested, Ending balance (in shares)		200,380
Weighted-Average Grant Date Fair Value
Unvested, Beginning balance (in dollars per share)		$ 94.80
Granted (in dollars per share)		111.42
Vested (in dollars per share)		0.00
Forfeited (in dollars per share)		99.52
Unvested, Ending balance (in dollars per share)		$ 101.13

Share-Based Compensation - Schedule of Compensation Cost for Performance Share Units (Details) - Performance Shares Units - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	$ 348	$ 953	$ 3,844	$ 3,478
Income tax benefit	(98)	(323)	(1,266)	(1,161)
Total expense after income taxes	250	630	2,578	2,317
Cost of goods sold
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	0	0	0	0
Selling, general and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	$ 348	$ 953	$ 3,844	$ 3,478

Retirement Benefits (Components of Net Periodic Benefit Cost for Defined Benefit Plans and Other Postretirement Plans) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
U.S.
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 181	$ 214	$ 769	$ 965
Interest cost	788	956	2,282	2,831
Expected return on plan assets	(1,233)	(1,186)	(3,583)	(3,682)
Net amortization	766	906	2,420	2,585
Net periodic benefit cost	502	890	1,888	2,699
Non-U.S.
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	331	377	934	1,134
Interest cost	344	437	1,049	1,305
Expected return on plan assets	(203)	(282)	(642)	(838)
Net amortization	241	405	722	1,334
Net periodic benefit cost	713	937	2,063	2,935
Other Postretirement Benefit Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	181	168	494	506
Interest cost	224	208	622	626
Net amortization	(154)	(95)	(462)	(314)
Net periodic benefit cost	$ 251	$ 281	$ 654	$ 818

Retirement Benefits (Additional Information) (Detail) - USD ($) $ in Millions	3 Months Ended	9 Months Ended	12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Contributions by employer		$ 4.5
Forecast \| Minimum
Defined Benefit Plan Disclosure [Line Items]
Contributions by employer	$ 8.0
Loss due to settlements	3.0
Forecast \| Maximum
Defined Benefit Plan Disclosure [Line Items]
Contributions by employer	10.0
Loss due to settlements	$ 6.0
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Expected contribution for next fiscal year			$ 6.1
Expected contributions in current fiscal year		4.5
Other Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Expected contribution for next fiscal year			$ 0.9
Expected contributions in current fiscal year		$ 0.9

Income Taxes (Additional Information) (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Provision for income taxes	$ 29,435,000	$ 32,772,000	$ 82,003,000	$ 88,614,000
Effective tax rate	29.60%	29.20%	27.70%	29.20%
Minimum
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Reasonably possible change in unrecognized tax benefits over next 12 months	$ 0		$ 0
Maximum
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Reasonably possible change in unrecognized tax benefits over next 12 months	2,700,000		2,700,000
Hydra-Stop Product Line \| Disposed of by Sale
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Foreign withholding taxes	$ 5,200,000		$ 5,200,000

Subsequent Events (Details) - Disposal Group, Not Discontinued Operations - IETG and 40Seven Subsidiaries - USD ($) $ in Millions		12 Months Ended
	Oct. 10, 2016	Dec. 31, 2015
Subsequent Event [Line Items]
Revenues		$ 12.0
Subsequent Event
Subsequent Event [Line Items]
Proceeds from sale of business	$ 2.8

Business Segments (Additional Information) (Detail)	9 Months Ended
Business Segments (Additional Information) (Detail)	Sep. 30, 2016 segment
Segment Reporting [Abstract]
Number of reportable business segments	3