Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2016	Feb. 14, 2017	Jun. 30, 2016
Document Documentand Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	FY
Trading Symbol	IEX
Entity Registrant Name	IDEX CORP /DE/
Entity Central Index Key	0000832101
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		76,248,604
Entity Public Float			$ 6,235,379,567

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 235,964	$ 328,018
Receivables — net	272,813	260,000
Inventories	252,859	239,124
Other current assets	61,085	35,542
Total current assets	822,721	862,684
Property, plant and equipment — net	247,816	240,945
Goodwill	1,632,592	1,396,529
Intangible assets — net	435,504	287,837
Other noncurrent assets	16,311	17,448
Total assets	3,154,944	2,805,443
Current liabilities
Trade accounts payable	128,933	128,911
Accrued expenses	152,852	153,672
Short-term borrowings	1,046	1,087
Dividends payable	26,327	25,927
Total current liabilities	309,158	309,597
Long-term borrowings	1,014,235	839,707
Deferred income taxes	166,427	110,483
Other noncurrent liabilities	121,230	102,365
Total liabilities	1,611,050	1,362,152
Commitments and contingencies (Note 8)
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: 90,200,951 shares at December 31, 2016 and 90,151,131 shares at December 31, 2015	902	902
Additional paid-in capital	697,213	679,623
Retained earnings	1,834,739	1,666,680
Treasury stock at cost: 13,760,266 shares at December 31, 2016 and 13,616,592 shares at December 31, 2015	(787,307)	(757,416)
Accumulated other comprehensive loss	(201,653)	(146,498)
Total shareholders’ equity	1,543,894	1,443,291
Total liabilities and shareholders’ equity	$ 3,154,944	$ 2,805,443

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares issued (in shares)	0	0
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued (in shares)	90,200,951	90,151,131
Treasury stock, shares (in shares)	13,760,266	13,616,592

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement [Abstract]
Net sales	$ 2,113,043	$ 2,020,668	$ 2,147,767
Cost of sales	1,182,276	1,116,353	1,198,452
Gross profit	930,767	904,315	949,315
Selling, general and administrative expenses	498,994	479,408	504,419
Loss (gain) on sale of businesses - net	22,298	(18,070)	0
Restructuring expenses	3,674	11,239	13,672
Operating income	405,801	431,738	431,224
Other (income) expense - net	(8,327)	(2,243)	(3,111)
Interest expense	45,616	41,636	41,895
Income before income taxes	368,512	392,345	392,440
Provision for income taxes	97,403	109,538	113,054
Net income	$ 271,109	$ 282,807	$ 279,386
Earnings per common share:
Basic earnings per common share (in dollar per share)	$ 3.57	$ 3.65	$ 3.48
Diluted earnings per common share (in dollar per share)	$ 3.53	$ 3.62	$ 3.45
Share data:
Basic weighted average common shares outstanding (in shares)	75,803	77,126	79,715
Diluted weighted average common shares outstanding (in shares)	76,758	77,972	80,728

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 271,109	$ 282,807	$ 279,386
Other comprehensive income (loss)
Reclassification adjustments for derivatives, net of tax	4,361	4,531	4,510
Pension and other postretirement adjustments, net of tax	3,049	9,415	(16,459)
Cumulative translation adjustment	(76,822)	(63,441)	(77,024)
Reclassification of foreign currency translation to earnings upon sale of businesses	14,257	(4,725)	0
Other comprehensive income (loss)	(55,155)	(54,220)	(88,973)
Comprehensive income	$ 215,954	$ 228,587	$ 190,413

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock and Additional Paid-In Capital	Retained Earnings	Cumulative Translation Adjustment	Retirement Benefits Adjustments	Cumulative Unrealized Gain (Loss) on Derivatives	Treasury Stock
Balance at Dec. 31, 2013	$ 1,572,989	$ 608,658	$ 1,293,740	$ 52,211	$ (23,857)	$ (31,659)	$ (326,104)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	279,386		279,386
Cumulative translation adjustment	(77,024)			(77,024)
Net change in retirement obligations, net of tax	(16,459)				(16,459)
Net change on derivatives designated as cash flow hedges, net of tax	4,510					4,510
Issuance of common stock from issuance of unvested shares, exercise of stock options and deferred compensation plans, net of tax	23,195	23,195
Repurchase of common stock	(222,487)						(222,487)
Share-based compensation	16,598	16,598
Unvested shares surrendered for tax withholding	(4,952)						(4,952)
Cash dividends declared	(89,305)		(89,305)
Balance at Dec. 31, 2014	1,486,451	648,451	1,483,821	(24,813)	(40,316)	(27,149)	(553,543)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	282,807		282,807
Cumulative translation adjustment	(68,166)			(68,166)
Net change in retirement obligations, net of tax	9,415				9,415
Net change on derivatives designated as cash flow hedges, net of tax	4,531					4,531
Issuance of common stock from issuance of unvested shares, exercise of stock options and deferred compensation plans, net of tax	24,482	14,545					9,937
Repurchase of common stock	(210,551)						(210,551)
Share-based compensation	17,529	17,529
Unvested shares surrendered for tax withholding	(3,259)						(3,259)
Cash dividends declared	(99,948)		(99,948)
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	271,109		271,109
Cumulative translation adjustment	(62,565)			(62,565)
Net change in retirement obligations, net of tax	3,049				3,049
Net change on derivatives designated as cash flow hedges, net of tax	4,361					4,361
Issuance of common stock from issuance of unvested shares, exercise of stock options and deferred compensation plans, net of tax	30,240	253					29,987
Repurchase of common stock	(54,950)						(54,950)
Share-based compensation	17,337	17,337
Unvested shares surrendered for tax withholding	(4,928)						(4,928)
Cash dividends declared	(103,050)		(103,050)
Balance at Dec. 31, 2016	$ 1,543,894	$ 698,115	$ 1,834,739	$ (155,544)	$ (27,852)	$ (18,257)	$ (787,307)

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Stockholders' Equity [Abstract]
Tax benefit (expense) on change in retirement obligations, tax	$ (2,107)	$ (3,842)	$ 6,852
Tax benefit from change on derivatives designated as cash flow hedges, tax	$ 2,490	$ 2,499	$ 2,713
Issuance of common stock from issuance of unvested shares, exercise of stock options and deferred compensation plans (in shares)	594,919	685,501	571,751
Issuance of common stock from issuance of unvested shares, exercise of stock options and deferred compensation plans, tax	$ 5,305	$ 3,794	$ 3,425
Repurchase of common stock (in shares)	738,593	2,811,002	2,970,461
Cash dividends declared, per common share outstanding (in dollars per share)	$ 1.36	$ 1.28	$ 1.12

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities
Net income	$ 271,109	$ 282,807	$ 279,386
Adjustments to reconcile net income to net cash provided by operating activities:
Loss (gain) on sale of fixed assets	(28)	(114)	(351)
Loss (gain) on sale of businesses - net	22,298	(18,070)	0
Asset impairments	205	795	2,473
Depreciation and amortization	37,854	35,694	33,720
Amortization of intangible assets	49,038	42,426	43,187
Amortization of debt issuance expenses	1,295	1,612	1,723
Share-based compensation expense	20,326	20,048	20,717
Deferred income taxes	(17,308)	(339)	(8,593)
Excess tax benefit from share-based compensation	0	(5,265)	(6,275)
Non-cash interest expense associated with forward starting swaps	6,851	7,030	7,223
Pension settlement	3,554	0	0
Changes in (net of the effect from acquisitions and divestitures):
Receivables	302	8,832	(11,110)
Inventories	32,747	4,557	(7,821)
Other current assets	(22,006)	(2,728)	(5,201)
Trade accounts payable	73	(2,828)	(2,466)
Accrued expenses	(5,470)	(16,672)	23,760
Other — net	(923)	2,536	(2,411)
Net cash flows provided by operating activities	399,917	360,321	367,961
Cash flows from investing activities
Purchases of property, plant and equipment	(38,242)	(43,776)	(47,997)
Acquisition of businesses, net of cash acquired	(510,001)	(195,013)	(25,443)
Proceeds from fixed asset disposals	49	894	1,460
Proceeds from sale of businesses, net of cash sold	39,064	27,677	0
Other — net	(69)	(273)	(280)
Net cash flows (used in) investing activities	(509,199)	(210,491)	(72,260)
Cash flows from financing activities
Borrowings under revolving credit facilities	501,529	414,032	165,014
Payment of 2.58% Senior Euro Notes	0	(88,420)	0
Payments under revolving credit facilities	(520,125)	(333,630)	(61,951)
Debt issuance costs	(246)	(1,739)	0
Dividends paid	(102,650)	(96,172)	(85,726)
Proceeds from stock option exercises	30,240	19,217	17,161
Excess tax benefit from share-based compensation	0	5,265	6,275
Purchases of common stock	(57,272)	(210,822)	(219,893)
Unvested shares surrendered for tax withholding	(4,928)	(3,259)	(4,952)
Net cash flows provided by (used in) financing activities	46,548	(295,528)	(184,072)
Effect of exchange rate changes on cash and cash equivalents	(29,320)	(35,421)	(42,121)
Net increase (decrease) in cash	(92,054)	(181,119)	69,508
Cash and cash equivalents at beginning of year	328,018	509,137	439,629
Cash and cash equivalents at end of period	235,964	328,018	509,137
Cash paid for:
Interest	37,067	33,502	32,565
Income taxes	109,399	112,613	122,295
Significant non-cash activities:
Contingent consideration for acquisition	0	4,705	0
3.2% Senior Notes, due June 2023
Cash flows from financing activities
Proceeds from issuance of Senior Notes	100,000	0	0
3.37% Senior Notes, due June 2025
Cash flows from financing activities
Proceeds from issuance of Senior Notes	$ 100,000	$ 0	$ 0

Significant Accounting Policies

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Significant Accounting Policies

Business

IDEX is an applied solutions company specializing in fluid and metering technologies, health and science technologies, and fire, safety and other diversified products built to customers’ specifications. IDEX’s products are sold in niche markets to a wide range of industries throughout the world. The Company’s products include industrial pumps, compressors, flow meters, injectors and valves, and related controls for use in a wide variety of process applications; precision fluidics solutions, including pumps, valves, degassing equipment, corrective tubing, fittings, and complex manifolds, optical filters and specialty medical equipment and devices for use in life science applications; precision-engineered equipment for dispensing, metering and mixing paints; and engineered products for industrial and commercial markets, including fire and rescue, transportation equipment, oil & gas, electronics, and communications. These activities are grouped into three reportable segments: Fluid & Metering Technologies, Health & Science Technologies and Fire & Safety/Diversified Products.

Principles of Consolidation

The consolidated financial statements include the Company and its subsidiaries. All intercompany transactions and accounts have been eliminated.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. The principal areas of estimation reflected in the financial statements are revenue recognition, sales returns and allowances, allowance for doubtful accounts, inventory valuation, recoverability of long-lived assets, income taxes, product warranties, contingencies and litigation, insurance-related items, defined benefit retirement plans and purchase accounting related to acquisitions.

Revenue Recognition

The Company recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred, the sales price is fixed or determinable, and collectability of the sales price is reasonably assured. For product sales, delivery does not occur until the products have been shipped and risk of loss has been transferred to the customer. Revenue from services is recognized when the services are provided or ratably over the contract term. Some arrangements with customers may include multiple deliverables, including the combination of products and services. In such cases, the Company has identified these as separate elements in accordance with Accounting Standards Codification (“ASC”) 605-25, Revenue Recognition-Multiple-Element Arrangements, and recognizes revenue consistent with the policy for each separate element based on the relative selling price method. Revenues from certain long-term contracts are recognized on the percentage-of-completion method. Percentage-of-completion is measured principally by the percentage of costs incurred to date for each contract to the estimated total costs for such contract at completion. Provisions for estimated losses on uncompleted long-term contracts are made in the period in which such losses are determined. Due to uncertainties inherent in the estimation process, it is reasonably possible that completion costs, including those arising from contract penalty provisions and final contract settlements, will be revised in the near-term. Such revisions to costs and income are recognized in the period in which the revisions are determined.

The Company records allowances for discounts, product returns and customer incentives at the time of sale as a reduction of revenue as such allowances can be reliably estimated based on historical experience and known trends. The Company also offers product warranties and accrues its estimated exposure for warranty claims at the time of sale based upon the length of the warranty period, warranty costs incurred and any other related information known to the Company.

Shipping and Handling Costs

Shipping and handling costs are included in Cost of sales and are recognized as a period expense during the period in which they are incurred.

Advertising Costs

Advertising costs of $15.3 million, $16.1 million and $14.5 million for 2016, 2015 and 2014, respectively, are expensed as incurred within Selling, general and administrative expenses.

Cash and Cash Equivalents

The Company considers all highly liquid instruments purchased with an original maturity of 90 days or less to be cash and cash equivalents.

Allowance for Doubtful Accounts

The Company maintains allowances for doubtful accounts for estimated losses as a result of customers’ inability to make required payments. Management evaluates the aging of the accounts receivable balances, the financial condition of its customers, historical trends and the time outstanding of specific balances to estimate the amount of accounts receivable that may not be collected in the future and records the appropriate provision.

Inventories

The Company states inventories at the lower of cost or market. Cost, which includes material, labor, and factory overhead, is determined on a FIFO basis. We make adjustments to reduce the cost of inventory to its net realizable value, if required, for estimated excess, obsolescence or impaired balances. Factors influencing these adjustments include changes in market demand, product life cycle and engineering changes.

Impairment of Long-Lived Assets

Long-lived assets are reviewed for impairment if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount, as measured by comparing their net book value to the projected undiscounted future cash flows generated by their use. A long-lived asset impairment exists when the carrying amount of the asset exceeds its fair value. The amount and timing of impairment charges for these assets require the estimation of future cash flows to determine the fair value of the related assets. Impaired assets are recorded at their estimated fair value based on a discounted cash flow analysis. In 2016, 2015, and 2014, the Company concluded that certain long-lived assets had a fair value that was less than the carrying value of the assets, resulting in $0.2 million, $0.8 million and $2.5 million, respectively, of long-lived asset impairment charges.

Goodwill and Indefinite-Lived Intangible Assets

In accordance with ASC 350, Goodwill and Other Intangible Assets, the Company reviews the carrying value of goodwill and indefinite-lived intangible assets annually on October 31, or if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The Company evaluates the recoverability of these assets based on the estimated fair value of each of the thirteen reporting units and the indefinite-lived intangible assets. See Note 4 for a further discussion on goodwill and intangible assets.

Borrowing Expenses

Expenses incurred in securing and issuing debt are capitalized and included as a reduction of Long-term borrowings. These amounts are amortized over the life of the related borrowing and the related amortization is included in Interest expense.

Earnings per Common Share

Earnings per common share (“EPS”) is computed by dividing net income by the weighted average number of shares of common stock (basic) plus common stock equivalents (diluted) outstanding during the year. 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, concludes 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, EPS was computed using the two-class method prescribed by ASC 260. Net income attributable to common shareholders for the purpose of calculating EPS was reduced by $0.5 million, $0.8 million and $1.3 million in 2016, 2015 and 2014, respectively.

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



	2016	2015	2014
	(In thousands)
Basic weighted average common shares outstanding	75,803	77,126	79,715
Dilutive effect of stock options, restricted stock, performance share units and DCUs	955	846	1,013
Diluted weighted average common shares outstanding	76,758	77,972	80,728

Options to purchase approximately 0.9 million, 0.9 million and 0.5 million shares of common stock in 2016, 2015 and 2014, respectively, were not included in the computation of diluted EPS because the effect of their inclusion would have been antidilutive.

Share-Based Compensation

The Company accounts for share-based payments in accordance with ASC 718, Compensation-Stock Compensation. Accordingly, the Company expenses the fair value of awards made under its share-based compensation plans. That cost is recognized in the consolidated financial statements over the requisite service period of the grants. See Note 13 for further discussion on share-based compensation.

Depreciation and Amortization

Property and equipment are stated at cost, with depreciation and amortization provided using the straight-line method over the following estimated useful lives:



Land improvements	8 to 12 years
Buildings and improvements	8 to 30 years
Machinery, equipment and other	3 to 12 years
Office and transportation equipment	3 to 10 years

Certain identifiable intangible assets are amortized over their estimated useful lives using the straight-line method. The estimated useful lives used in the computation of amortization of identifiable intangible assets are as follows:



Patents	5 to 17 years
Trade names	10 to 20 years
Customer relationships	6 to 20 years
Unpatented technology and other	6 to 20 years

Research and Development Expenditures

Costs associated with research and development are expensed in the period incurred and are included in Cost of sales. Research and development expenses, which include costs associated with developing new products and major improvements to existing products, were $39.4 million, $33.6 million and $36.8 million in 2016, 2015 and 2014, respectively.

Foreign Currency

The functional currency of substantially all operations outside the United States is the respective local currency. Accordingly, those foreign currency balance sheet accounts have been translated using the exchange rates in effect as of the balance sheet date. Income statement amounts have been translated using the average exchange rate for the year. The gains and losses resulting from changes in exchange rates from year to year have been reported in Accumulated other comprehensive income (loss) in the Consolidated Balance Sheets. The foreign currency transaction losses (gains) for the periods ending December 31, 2016, 2015 and 2014 were $(6.2) million, $(0.1) million, and $0.9 million, respectively, and are reported within Other (income) expense-net on the Consolidated Statements of Operations. Of the $6.2 million reported as foreign currency transaction gains for the period ending December 31, 2016, $4.7 million was due to intercompany loans established in conjunction with the SFC Koenig acquisition.

Income Taxes

Income tax expense includes United States, state, local and international income taxes. Deferred tax assets and liabilities are recognized for the tax consequences of temporary differences between the financial reporting and the tax basis of existing assets and liabilities and for loss carryforwards. The tax rate used to determine the deferred tax assets and liabilities is the enacted tax rate for the year and manner in which the differences are expected to reverse. Valuation allowances are recorded to reduce deferred tax assets to the amount that will more likely than not be realized.

Concentration of Credit Risk

The Company is not dependent on a single customer as its largest customer accounted for less than 2% of net sales for all years presented.

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 $6.8 million within Provision for income taxes for the year ended December 31, 2016, 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. The adoption of this standard could create volatility in the Company’s effective tax rate going forward.


•	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 year ended December 31, 2016. This increased our diluted weighted average common shares outstanding by 127 thousand shares for the year ended December 31, 2016.

In April 2015, the FASB issued ASU 2015-03, Interest-Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs, which simplifies the presentation of debt issuance costs. Under ASU 2015-03, an entity presents such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs is reported as interest expense. This standard is effective for fiscal years beginning after December 15, 2015. The Company elected to early adopt this guidance effective in the fourth quarter of fiscal year 2015.

In April 2014, the FASB issued ASU 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which includes amendments that change the requirements for reporting discontinued operations. Under the new guidance, only disposals representing a strategic shift in operations with a major effect on the organization’s operations and financial results should be presented as discontinued operations. Additionally, the ASU requires expanded disclosures about disposal transactions that do not meet the discontinued operations criteria. The Company adopted the standard effective January 1, 2015 and the adoption did not impact the consolidated financial position, results of operations or cash flows of the Company. The Company concluded that none of the divestitures that took place during the years ended December 31, 2016 and 2015 met the new criteria for reporting discontinued operations. The Company did include required disclosures of disposals of components of an entity in Note 2.

New Accounting Pronouncements

In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment, which eliminates Step 2 from the goodwill impairment test. Under this ASU, if the carrying amount of a reporting unit exceeds its fair value, an impairment loss will be recognized in an amount equal to the excess, limited to the total amount of goodwill allocated to the reporting unit. This ASU also eliminated the requirements for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. In addition, companies will be required to disclose the amount of goodwill allocated to each reporting unit with a zero or negative carrying amount of net assets. The update is effective for annual and any interim impairment tests for periods beginning after December 15, 2019, and early adoption is permitted. The Company does not believe the guidance will have a material impact on our consolidated financial statements.

In October 2016, the FASB issued ASU 2016-16, Intra-Entity Transfers of Assets Other Than Inventory, which amends ASC 740, Income Taxes. This ASU requires that the income tax consequences of an intra-entity asset transfer other than inventory are recognized at the time of the transfer. An entity will continue to recognize the income tax consequences of an intercompany transfer of inventory when the inventory is sold to a third party. The update is effective for financial statements issued for fiscal years beginning after December 15, 2017, and early adoption is permitted. The ASU requires adoption on a modified-retrospective basis through a cumulative adjustment to retained earnings at the beginning of the period of adoption. The Company is currently assessing the impact that adopting this new accounting standard will have on its consolidated financial statements and footnote disclosures.

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 sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e. lessees and lessors). The standard 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. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. This standard is effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Companies are permitted to adopt the standard early and a modified retrospective application is required. The Company is currently evaluating the impact of adopting the new guidance on our consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, which will replace numerous requirements in U.S. GAAP, including industry-specific requirements, and provide companies with a new five-step model for recognizing revenue from contracts with customers. 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; ASU 2016-12, Revenue from Contracts with Customers: Narrow-Scope Improvements and Practical Expedients; and ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers.

In 2016, we established an implementation team and analyzed the impact of the standard by surveying business units and reviewing contracts to identify potential differences that may result from applying the requirements of the new standard. We have made significant progress on our contract reviews during 2016 and the first quarter of 2017. While we are continuing to assess all potential impacts of the new standard, we currently believe that the most significant potential change relates to contracts for the development, manufacture and sale of customized products in our Health & Science Technologies segment. Due to the complexity of certain contracts in our Health & Science Technologies segment, the actual revenue recognition treatment required under the standard will be dependent on contract-specific terms. However, under the new standard we expect revenue recognition to remain substantially unchanged as the contract reviews support the recognition of revenue at a point in time, which is consistent with our current revenue recognition model. We also expect revenue related to the Fluid & Metering Technologies segment and the Fire & Safety/Diversified Products segment to remain substantially unchanged. The implementation team has reported these initial findings and progress of the project to the Audit Committee. The Company is still 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

12 Months Ended

Dec. 31, 2016

Business Combinations and Dispositions [Abstract]

Acquisitions and Divestitures

All of the Company’s acquisitions have been accounted for under 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 results of operations of the acquired companies have been included in the Company’s consolidated results since the date of each acquisition. Supplemental pro forma information has not been provided as the acquisitions did not have a material impact on the Company’s consolidated results of operations individually or in the aggregate.

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 $124.6 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 $22.0 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 $143.7 million and $117.0 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. These nonrecurring fair value measurements are classified as Level 3 in the fair value hierarchy. 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 is in the process of finalizing purchase price allocations for the Akron Brass, AWG Fittings and SFC Koenig acquisitions and will make appropriate adjustments to the purchase price allocations 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 at their respective acquisition dates, are as follows:



	Akron Brass			AWG Fittings			SFC Koenig			Total
(In thousands)
Accounts receivable	$	14,523		$	5,952		$	9,425		$	29,900
Inventory	29,157			11,766			21,247			62,170
Other assets, net of cash acquired	446			565			4,501			5,512
Property, plant and equipment	12,195			6,847			5,125			24,167
Goodwill	124,643			22,031			143,719			290,393
Intangible assets	90,400			10,279			116,998			217,677
Deferred income taxes	—			3,515			—			3,515
Total assets acquired	271,364			60,955			301,015			633,334
Current liabilities	(7,081		)	(5,017		)	(10,088		)	(22,186		)
Deferred income taxes	(36,439		)	—			(41,370		)	(77,809		)
Other noncurrent liabilities	(6,445		)	(8,444		)	(8,449		)	(23,338		)
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 reflects the strategic fit, revenue and earnings growth potential of these businesses.

Of the $217.7 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:



(In thousands, except weighted average life)	Total		Weighted Average Life
Trade names	$	14,078	15
Customer relationships	134,519		13
Unpatented technology	40,280		13
Amortized intangible assets	188,877
Indefinite lived - Akron Brass trade name	28,800
Total acquired intangible assets	$	217,677

The Company incurred $4.7 million of acquisition-related transaction costs in 2016. 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. The Company also incurred $14.7 million of non-cash acquisition fair value inventory step-up charges associated with the completed 2016 acquisitions. These charges were recorded in Cost of sales.

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 Valvole”), 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 Valvole operates in our Fluid & Metering Technologies segment. Alfa Valvole 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” or “CiDRA Precision Services”), 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 nanofludics capabilities. Located in Wallingford, Connecticut, CPS operates in our Health & Science 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.

The purchase prices for Novotema, Alfa Valvole and CPS have been allocated to the assets acquired and liabilities assumed based on the estimated fair values at the date of the acquisitions.

The allocation of the acquisition costs to the assets acquired and liabilities assumed, based on their estimated fair values at their respective acquisition dates, is as follows:



	Novotema			Alfa Valvole			CPS			Other		Total
(In thousands)
Accounts receivable	$	8,029		$	13,487		$	945		$	—	$	22,461
Inventory	2,886			11,036			442			1,102		15,466
Other assets, net of cash acquired	1,866			3,367			79			—		5,312
Property, plant and equipment	11,844			8,395			1,105			—		21,344
Goodwill	34,316			69,568			9,739			748		114,371
Intangible assets	20,011			32,058			12,290			—		64,359
Total assets acquired	78,952			137,911			24,600			1,850		243,313
Current liabilities	(7,760		)	(11,279		)	(420		)	—		(19,459		)
Deferred income taxes	(7,803		)	(12,622		)	—			—		(20,425		)
Other noncurrent liabilities	(2,291		)	(1,420		)	—			—		(3,711		)
Net assets acquired	$	61,098		$	112,590		$	24,180		$	1,850	$	199,718

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



(In thousands, except weighted average life)	Total		Weighted Average Life
Trade names	$	9,247	15
Customer relationships	44,401		12
Unpatented technology	10,711		8
Total acquired intangible assets	$	64,359

The Company incurred $2.6 million of acquisition-related transaction costs in 2015. These costs were recorded in Selling, general and administrative expense and were related to completed transactions, pending transactions and potential transactions, including transactions that ultimately were not completed. The Company also incurred $3.4 million of non-cash acquisition fair value inventory charges in 2015. These charges were recorded in Cost of sales.

2014 Acquisitions

On April 28, 2014, the Company acquired the stock of Aegis Flow Technologies (“Aegis”), a producer of specialty chemical processing valves for use in the chemical, petro-chemical, chlor-alkali, and pulp/paper industries. Located in Geismar, Louisiana, Aegis operates in our Fluid & Metering Technologies segment. Aegis was acquired for cash consideration of approximately $25 million. The entire purchase price was funded with borrowings under the Company’s revolving facilities. Goodwill and intangible assets recognized as part of this transaction were $7.7 million and $8.8 million, respectively. The $7.7 million of goodwill is deductible for tax purposes.

The purchase price for Aegis has been allocated to the assets acquired and liabilities assumed based on the estimated fair values at the date of the acquisition.

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



(In thousands)
Accounts receivable	$	1,147
Inventory	6,230
Other current assets, net of cash acquired	232
Property, plant and equipment	2,988
Goodwill	7,711
Intangible assets	8,770
Total assets acquired	27,078
Total liabilities assumed	(1,633		)
Net assets acquired	$	25,445

Acquired intangible assets consist of trade names, customer relationships and unpatented technology. The goodwill recorded for the acquisition reflects the strategic fit, revenue and earnings growth potential of this business.

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



(In thousands, except weighted average life)	Total		Weighted Average Life
Trade names	$	3,304	15
Customer relationships	4,393		14
Unpatented technology	1,073		8
Total acquired intangible assets	$	8,770

The Company incurred $1.7 million of acquisition-related transaction costs in 2014. These costs were recorded in Selling, general and administrative expense and were related to completed transactions, pending transactions and potential transactions, including transactions that ultimately were not completed. The Company incurred $1.3 million of non-cash acquisition fair value inventory charges in 2014. These charges were recorded in Cost of sales.

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 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 Company recorded $2.8 million of income tax expense associated with this transaction during the year ended December 31, 2016. The results of Hydra-Stop were reported within the Fluid & Metering Technologies segment 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 (“CVI Japan”) subsidiary for $17.5 million in cash, resulting in a pre-tax loss on the sale of $7.9 million. The Company recorded $3.4 million of income tax benefit associated with this transaction during the year ended December 31, 2016. The results of CVI Japan were reported within the Health & Science Technologies segment and generated $13.1 million of revenues in 2016 through the date of sale.

On October 10, 2016, the Company completed the sale of its IETG and 40Seven subsidiaries for $2.7 million in cash, resulting in a pre-tax loss on the sale of $4.2 million. There was no income tax impact associated with this transaction. The results of IETG and 40Seven were reported within the Fluid & Metering Technologies segment and generated $8.3 million of revenues in 2016 through the date of sale.

On December 30, 2016, the Company completed the sale of its Korea Electro-Optics Co., Ltd. (“CVI Korea”) subsidiary for $3.8 million in cash, resulting in a pre-tax loss on the sale of $16.0 million. The Company recorded $9.1 million of income tax benefit associated with this transaction during the year ended December 31, 2016. The results of CVI Korea were reported within the Health & Science Technologies segment and generated $11.7 million of revenues in 2016 through the date of sale.

2015 Divestiture

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 Company recorded $4.8 million of income tax expense associated with this transaction during the year ended December 31, 2015. The results of Ismatec were reported in the Health & Science Technologies segment and generated $5.3 million of revenues in 2015 through the date of sale.

Balance Sheet Components

12 Months Ended

Dec. 31, 2016

Additional Financial Information Disclosure [Abstract]

Balance Sheet Components



	December 31,
	2016		2015
	(In thousands)
RECEIVABLES
Customers	$	275,250	$	262,304
Other	5,641		5,508
Total	280,891		267,812
Less allowance for doubtful accounts	8,078		7,812
Total receivables — net	$	272,813	$	260,000
INVENTORIES
Raw materials and components parts	$	154,278	$	141,671
Work in process	34,832		32,387
Finished goods	63,749		65,066
Total	$	252,859	$	239,124
PROPERTY, PLANT AND EQUIPMENT
Land and improvements	$	33,883	$	34,343
Buildings and improvements	169,261		157,946
Machinery, equipment and other	328,779		331,146
Office and transportation equipment	98,355		97,250
Construction in progress	10,373		13,377
Total	640,651		634,062
Less accumulated depreciation and amortization	392,835		393,117
Total property, plant and equipment — net	$	247,816	$	240,945
ACCRUED EXPENSES
Payroll and related items	$	67,600	$	67,209
Management incentive compensation	16,339		12,599
Income taxes payable	8,808		3,836
Insurance	9,416		9,505
Warranty	5,628		7,936
Deferred revenue	12,607		9,885
Restructuring	3,893		6,636
Liability for uncertain tax positions	1,366		3,498
Accrued interest	1,663		1,230
Contingent consideration for acquisition	—		4,705
Other	25,532		26,633
Total accrued expenses	$	152,852	$	153,672
OTHER NONCURRENT LIABILITIES
Pension and retiree medical obligations	$	93,604	$	76,190
Liability for uncertain tax positions	2,623		4,252
Deferred revenue	2,442		3,763
Other	22,561		18,160
Total other noncurrent liabilities	$	121,230	$	102,365

The valuation and qualifying account activity for the years ended December 31, 2016, 2015 and 2014 is as follows:



	2016			2015			2014
	(In thousands)
ALLOWANCE FOR DOUBTFUL ACCOUNTS ⁽¹⁾
Beginning balance January 1	$	7,812		$	6,961		$	5,841
Charged to costs and expenses, net of recoveries	1,425			1,556			2,643
Utilization	(1,585		)	(1,009		)	(1,195		)
Currency translation and other	426			304			(328		)
Ending balance December 31	$	8,078		$	7,812		$	6,961


(1)	Includes provision for doubtful accounts, sales returns and sales discounts granted to customers.

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

The changes in the carrying amount of goodwill for 2016 and 2015, by reportable business segment, were as follows:



	Fluid & Metering Technologies			Health & Science Technologies			Fire & Safety/ Diversified Products			Total
	(In thousands)
Goodwill	$	544,870		$	713,285		$	263,753		$	1,521,908
Accumulated goodwill impairment losses	(20,721		)	(149,820		)	(30,090		)	(200,631		)
Balance at January 1, 2015	524,149			563,465			233,663			1,321,277
Foreign currency translation	(11,318		)	(6,155		)	(12,509		)	(29,982		)
Acquisitions	71,939			43,508			—			115,447
Disposition of businesses	—			(10,213		)	—			(10,213		)
Balance at December 31, 2015	584,770			590,605			221,154			1,396,529
Foreign currency translation	(5,951		)	(23,559		)	(7,972		)	(37,482		)
Acquisitions	—			143,719			146,674			290,393
Disposition of businesses	(3,759		)	(12,013		)	—			(15,772		)
Acquisition adjustments	(1,623		)	547			—			(1,076		)
Balance at December 31, 2016	$	573,437		$	699,299		$	359,856		$	1,632,592

ASC 350 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. Goodwill represents the purchase price in excess of the net amount assigned to assets acquired and liabilities assumed.

Goodwill and other acquired intangible assets with indefinite lives were tested for impairment as of October 31, 2016, the Company’s annual impairment date. In assessing the fair value of the reporting units, the Company considers both the market approach and the income approach. Under the market approach, the fair value of the reporting unit is determined by the respective trailing twelve month EBITDA and the forward looking 2017 EBITDA (generally 50% each), based on multiples of comparable public companies. The market approach is dependent on a number of significant management assumptions including forecasted EBITDA and selected market multiples. Under the income approach, the fair value of the reporting unit is determined based on the present value of estimated future cash flows. The income approach is dependent on a number of significant management assumptions including estimates of operating results, capital expenditures, net working capital requirements, long-term growth rates and discount rates. Weighting was equally attributed to both the market and the income approaches (50% each) in arriving at the fair value of the reporting units.

In addition to performing our annual impairment test, we also performed interim impairment tests due to the divestitures in the third and fourth quarters of 2016 as well as the reorganization of certain reporting units. As a result of these impairment tests, the Company concluded that the reporting units had fair values in excess of their carrying values.

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



	At December 31, 2016								At December 31, 2015
	Gross Carrying Amount		Accumulated Amortization			Net		Weighted Average Life	Gross Carrying Amount		Accumulated Amortization			Net
			(In thousands)								(In thousands)
Amortized intangible assets:
Patents	$	9,856	$	(6,635	)	$	3,221	11	$	10,202	$	(6,175	)	$	4,027
Trade names	113,428		(42,653		)	70,775		16	110,658		(38,696		)	71,962
Customer relationships	369,087		(161,065		)	208,022		12	257,071		(144,134		)	112,937
Non-compete agreements	—		—			—		3	794		(775		)	19
Unpatented technology	106,747		(44,516		)	62,231		12	78,562		(42,745		)	35,817
Other	6,527		(6,172		)	355		10	6,554		(5,579		)	975
Total amortized intangible assets	605,645		(261,041		)	344,604			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	$	696,545	$	(261,041	)	$	435,504		$	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. The Company uses the relief-from-royalty method, a form of the income approach, to determine the fair value of the Banjo trade name. The relief-from-royalty method is dependent on a number of significant management assumptions, including estimates of revenues, royalty rates and discount rates.

The Akron Brass trade name is an indefinite-lived intangible asset that was acquired as a result of the Akron Brass acquisition in March 2016 and 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. The Company uses the relief-from-royalty method, a form of the income approach, to determine the fair value of the Akron Brass trade name. The relief-from-royalty method is dependent on a number of significant management assumptions, including estimates of revenues, royalty rates and discount rates.

In 2016 and 2015, there were no events that occurred or circumstances that changed that would have required a review other than as of our annual test date. Based on the results of our measurement as of October 31, 2016, the fair value of the Banjo trade name was more than 25% in excess of the carrying value and the fair value of the Akron Brass trade name was near its carrying value as a result of the acquisition of this business in March 2016.

Amortization of intangible assets was $49.0 million, $42.4 million and $43.2 million in 2016, 2015 and 2014, respectively. Based on the intangible asset balances as of December 31, 2016, amortization expense is expected to approximate $44.8 million in 2017, $36.5 million in 2018, $33.1 million in 2019, $31.7 million in 2020 and $30.8 million in 2021.

- 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

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Borrowings

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



	2016		2015
	(In thousands)
Revolving Facility	$	169,579	$	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	1,294		2,436
Total borrowings	1,020,873		847,436
Less current portion	1,046		1,087
Less deferred debt issuance costs	4,399		5,203
Less unaccreted debt discount	1,193		1,439
Total long-term borrowings	$	1,014,235	$	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 the 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 December 31, 2016, the applicable margin was 1.10% resulting in a weighted average interest rate of 1.50% at December 31, 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 December 31, 2016, $169.6 million was outstanding under the Revolving Facility, with $9.2 million of outstanding letters of credit, resulting in net available borrowing capacity under the Revolving Facility at December 31, 2016 of approximately $521.2 million.

On December 9, 2011, the Company completed a public offering of $350.0 million 4.2% senior notes due December 15, 2021 (“4.2% Senior Notes”). The net proceeds from the offering of $346.2 million, after deducting a $0.9 million issuance discount, a $2.3 million underwriting commission and $0.6 million offering expenses, were used to repay $306.0 million of outstanding bank indebtedness, with the balance used for general corporate purposes. The 4.2% Senior Notes bear interest at a rate of 4.2% per annum, which is payable semi-annually in arrears on each June 15th and December 15th. The Company may redeem all or a portion of the 4.2% Senior Notes at any time prior to maturity at the redemption prices set forth in the Note Indenture governing the 4.2% Senior Notes. The Company may issue additional debt from time to time pursuant to the Indenture. The Indenture and 4.2% Senior Notes contain covenants that limit the Company’s ability to, among other things, incur certain liens securing indebtedness, engage in certain sale-leaseback transactions, and enter into certain consolidations, mergers, conveyances, transfers or leases of all or substantially all the Company’s assets. The terms of the 4.2% Senior Notes also require the Company to make an offer to repurchase the 4.2% Senior Notes upon a change of control triggering event (as defined in the Indenture) at a price equal to 101% of their principal amount plus accrued and unpaid interest, if any.

On December 6, 2010, the Company completed a public offering of $300.0 million 4.5% senior notes due December 15, 2020 (“4.5% Senior Notes”). The net proceeds from the offering of $295.7 million, after deducting a $1.6 million issuance discount, a $1.9 million underwriting commission and $0.8 million offering expenses, were used to repay $250.0 million of outstanding bank indebtedness, with the balance used for general corporate purposes. The 4.5% Senior Notes bear interest at a rate of 4.5% per annum, which is payable semi-annually in arrears on each June 15th and December 15th. The Company may redeem all or a portion of the 4.5% Senior Notes at any time prior to maturity at the redemption prices set forth in the Note Indenture governing the 4.5% Senior Notes. The Company may issue additional debt from time to time pursuant to the Indenture. The Indenture and 4.5% Senior Notes contain covenants that limit the Company’s ability to, among other things, incur certain liens securing indebtedness, engage in certain sale-leaseback transactions, and enter into certain consolidations, mergers, conveyances, transfers or leases of all or substantially all the Company’s assets. The terms of the 4.5% Senior Notes also require the Company to make an offer to repurchase the 4.5% Senior Notes upon a change of control triggering event (as defined in the Indenture) at a price equal to 101% of their principal amount plus accrued and unpaid interest, if any.

Other borrowings of $1.3 million at December 31, 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 1.0% 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, which is the ratio of the Company’s consolidated total debt to its consolidated EBITDA. At December 31, 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.

Total borrowings at December 31, 2016 have scheduled maturities as follows:



(In thousands)
2017	$	1,046
2018	239
2019	9
2020	469,579
2021	350,000
Thereafter	200,000
Total borrowings	$	1,020,873

Derivative Instruments	12 Months Ended
Derivative Instruments	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments As of December 31, 2016 and 2015, the Company did not have any interest rate or foreign exchange contracts outstanding. The type of cash flow hedges the Company has entered into includes 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. 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. See Note 14 for the amount of loss reclassified into income for interest rate contracts for the years ended December 31, 2016, 2015 and 2014. 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. On April 15, 2010, the Company entered into a forward starting interest rate contract with a notional amount of $300.0 million with a settlement date in December 2010. This contract was entered into in anticipation of the issuance of the 4.5% Senior Notes and was designed to lock in the market interest rate as of April 15, 2010. In December 2010, the Company settled and paid this interest rate contract for $31.0 million. The $31.0 million is being amortized into interest expense over the 10 year term of the 4.5% Senior Notes, which results in an effective interest rate of 5.8%. On July 12, 2011, the Company entered into a forward starting interest rate contract with a notional amount of $350.0 million and a settlement date of September 30, 2011. This contract was entered into in anticipation of the issuance of the 4.2% Senior Notes and was designed to lock in the market interest rate as of July 12, 2011. On September 29, 2011, the Company settled this interest rate contract for $34.7 million with a payment made on October 3, 2011. Simultaneously, the Company entered into a separate interest rate contract with a notional amount of $350.0 million and a settlement date of February 28, 2012. The contract was entered into in anticipation of the expected issuance of the 4.2% Senior Notes and was designed to maintain the market rate as of July 12, 2011. In December 2011, the Company settled and paid the September interest rate contract for $4.0 million, resulting in a total settlement of $38.7 million. Of the $38.7 million, $0.8 million was recognized as other expense in 2011 and the balance of $37.9 million is being amortized into interest expense over the 10 year term of the 4.2% Senior Notes, which results in an effective interest rate of 5.3%. The amount of expense reclassified into interest expense for interest rate contracts for the years ended December 31, 2016, 2015 and 2014 is $6.9 million, $7.0 million and $7.2 million, respectively. Approximately $6.7 million of the pre-tax amount included in accumulated other comprehensive loss in shareholders’ equity at December 31, 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6441202&loc=d3e80720-113993

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Paragraph 1
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-SubTopic 30
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-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35736893&loc=d3e80784-113994

Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
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-Subparagraph (SX 210.4-08.(n))
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+ Details

Fair Value Measurements

12 Months Ended

Dec. 31, 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 (liabilities) at fair value on a recurring basis in the balance sheets at December 31, 2016 and 2015:



	Basis of Fair Value Measurements
	Balance at December 31, 2016		Level 1		Level 2		Level 3
	(In thousands)
Available for sale securities	$	5,369	$	5,369	$	—	$	—



	Basis of Fair Value Measurements
	Balance at December 31, 2015			Level 1		Level 2		Level 3
	(In thousands)
Money market investments	$	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 in 2016 or 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.

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 December 31, 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 $1,029.9 million compared to the carrying value of $1,018.4 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

Commitments and Contingencies

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

The Company leases certain office facilities, warehouses and data processing equipment under operating leases. Rental expense totaled $18.6 million, $18.9 million and $19.2 million in 2016, 2015 and 2014, respectively.

The aggregate future minimum lease payments for operating and capital leases as of December 31, 2016 were as follows:



	Operating		Capital
	(In thousands)
2017	$	16,923	$	1,055
2018	14,238		243
2019	9,521		9
2020	7,668		—
2021	5,701		—
2022 and thereafter	19,106		—
	$	73,157	$	1,307

Warranty costs are provided for at the time of sale. The warranty provision is based on historical costs and adjusted for specific known claims. A rollforward of the warranty reserve is as follows:



	2016			2015			2014
	(In thousands)
Beginning balance January 1	$	7,936		$	7,196		$	4,888
Provision for warranties	1,828			4,788			6,220
Claim settlements	(3,539		)	(3,864		)	(3,823		)
Other adjustments, including acquisitions, divestitures and currency translation	(597		)	(184		)	(89		)
Ending balance December 31	$	5,628		$	7,936		$	7,196

The Company is party to various legal proceedings arising in the ordinary course of business, none of which are expected to have a material effect on its business, financial condition, results of operations or cash flow.

Income Taxes

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Income Taxes

Pretax income for 2016, 2015 and 2014 was taxed in the following jurisdictions:



	2016		2015		2014
	(In thousands)
U.S.	$	265,260	$	285,399	$	275,334
Foreign	103,252		106,946		117,106
Total	$	368,512	$	392,345	$	392,440

The provision (benefit) for income taxes for 2016, 2015 and 2014, was as follows:



	2016			2015			2014
	(In thousands)
Current
U.S.	$	67,668		$	73,059		$	77,454
State and local	4,503			6,188			7,133
Foreign	42,540			30,630			37,060
Total current	114,711			109,877			121,647
Deferred
U.S.	(6,249		)	7,125			(3,176		)
State and local	(331		)	(1,017		)	(1,708		)
Foreign	(10,728		)	(6,447		)	(3,709		)
Total deferred	(17,308		)	(339		)	(8,593		)
Total provision for income taxes	$	97,403		$	109,538		$	113,054

Deferred tax assets (liabilities) at December 31, 2016 and 2015 were:



	2016			2015
	(In thousands)
Employee and retiree benefit plans	$	42,950		$	37,393
Capital loss carryforwards	18,668			—
Depreciation and amortization	(238,321		)	(185,321		)
Inventories	11,519			12,615
Allowances and accruals	9,338			12,528
Interest rate exchange agreement	10,442			12,948
Other	(90		)	2,800
Total gross deferred tax (liabilities)	(145,494		)	(107,037		)
Capital loss valuation allowance	(18,668		)	—
Total deferred tax (liabilities), net of valuation allowances	$	(164,162	)	$	(107,037	)

The deferred tax assets and liabilities recognized in the Company’s Consolidated Balance Sheets as of December 31, 2016 and 2015 were:



	2016			2015
	(In thousands)
Noncurrent deferred tax asset — Other noncurrent assets	$	2,265		$	3,446
Noncurrent deferred tax liabilities — Deferred income taxes	(166,427		)	(110,483		)
Net deferred tax liabilities	$	(164,162	)	$	(107,037	)

The provision for income taxes differs from the amount computed by applying the statutory federal income tax rate to pretax income. The computed amount and the differences for 2016, 2015 and 2014 are as follows:



	2016			2015			2014
	(In thousands)
Pretax income	$	368,512		$	392,345		$	392,440
Provision for income taxes
Computed amount at statutory rate of 35%	$	128,979		$	137,321		$	137,354
State and local income tax (net of federal tax benefit)	4,070			5,033			4,875
Taxes on non-U.S. earnings-net of foreign tax credits	(6,666		)	(11,663		)	(9,378		)
Effect of flow-through entities	(8,735		)	(8,358		)	(9,018		)
U.S. business tax credits	(1,665		)	(1,273		)	(1,680		)
Domestic activities production deduction	(9,043		)	(6,521		)	(7,489		)
Deferred tax effect of foreign tax rate change	—			(2,636		)	—
Capital loss on divestitures	(23,444		)	—			—
Valuation allowance	17,973			—			—
Share-based payments	(6,520		)	—			—
Other	2,454			(2,365		)	(1,610		)
Total provision for income taxes	$	97,403		$	109,538		$	113,054

The Company has $670 million and $715 million of undistributed earnings of non-U.S. subsidiaries as of December 31, 2016 and 2015, respectively. No deferred U.S. income taxes have been provided on these earnings as they are considered to be reinvested for an indefinite period of time or will be repatriated when it is tax effective to do so. If these amounts were distributed to the U.S., in the form of dividends or otherwise, the Company would be subject to additional U.S. income taxes, which could be material. Determination of the amount of unrecognized deferred income tax liabilities on these earnings is not practicable because of the complexities with the hypothetical calculation, and the amount of liability, if any, is dependent on circumstances if and when remittance occurs. During the years ended December 31, 2016, 2015 and 2014, the Company repatriated $28.8 million, $14.3 million and $6.5 million of foreign earnings, respectively, resulting in $2.7 million of incremental tax expense, $0.3 million of incremental income tax expense and $0.2 million of incremental tax benefit, respectively. These repatriations represent distributions of current year earnings and distributions from liquidating subsidiaries and do not impact our representation that the undistributed earnings are permanently invested.

A reconciliation of the beginning and ending amount of unrecognized tax benefits for 2016, 2015 and 2014 is as follows:



	2016			2015			2014
	(In thousands)
Beginning balance January 1	$	7,228		$	3,619		$	5,124
Gross increase due to non-U.S. acquisitions	—			3,772			—
Gross increases for tax positions of prior years	201			1,256			834
Gross decreases for tax positions of prior years	(93		)	—			(51		)
Settlements	(2,014		)	(667		)	(2,057		)
Lapse of statute of limitations	(1,547		)	(752		)	(231		)
Ending balance December 31	$	3,775		$	7,228		$	3,619

We recognize interest and penalties related to uncertain tax positions in income tax expense. As of December 31, 2016, 2015 and 2014, we had approximately $0.1 million, $0.2 million and $0.7 million, respectively, of accrued interest related to uncertain tax positions. As of December 31, 2016, 2015 and 2014, we had approximately $0.1 million, $0.3 million and $0.3 million, respectively, of accrued penalties related to uncertain tax positions.

The total amount of unrecognized tax benefits that would affect our effective tax rate if recognized is $1.8 million, $3.0 million and $2.9 million as of December 31, 2016, 2015 and 2014, respectively. The tax years 2010-2015 remain open to examination by major taxing 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 12 months by a range of zero to $1.4 million.

The Company had net operating loss and credit carry forwards related to prior acquisitions for U.S. federal purposes at December 31, 2016 and 2015 of $3.5 million and $4.8 million, respectively. The federal net operating loss carry forwards are available for use against the Company’s consolidated federal taxable income and expire between 2021 and 2028. For non-U.S. purposes, the Company had net operating loss carry forwards at December 31, 2016 and 2015 of $25.6 million and $0.7 million, respectively, the majority of which relates to acquisitions. The entire balance of the non-U.S. net operating losses is available to be carried forward. At December 31, 2016 and 2015, the Company had U.S. state net operating loss and credit carry forwards of approximately $33.1 million and $27.0 million, respectively. If unutilized, the U.S. state net operating loss will expire between 2019 and 2036. At December 31, 2016 and 2015, the Company recorded a valuation allowance against the deferred tax asset attributable to the U.S. state net operating loss of $1.3 million and $1.0 million, respectively.

The Company had a capital loss carryover for U.S. federal purposes at December 31, 2016 of approximately $70.1 million. U.S. capital loss carryovers can be carried back three years and forward five years, thus, if unutilized, the federal capital loss carryover will expire in 2021. At December 31, 2016, the Company recorded a valuation allowance against the deferred tax asset attributable to the federal capital loss carryover of $18.7 million. At December 31, 2016, the Company had U.S. state capital loss carryovers of approximately $70.1 million. If unutilized, the U.S. state capital loss carryovers will expire between 2021 and 2031. At December 31, 2016, the Company recorded a valuation allowance against the deferred tax assets attributable to the state capital loss carryovers of $0.7 million. At December 31, 2016 and 2015, the Company had a foreign capital loss carry forward of approximately $0.7 million and $0.9 million, respectively. The foreign capital loss can be carried forward indefinitely. At both December 31, 2016 and 2015, the Company has a full valuation allowance against the deferred tax asset attributable to the foreign capital loss.

Business Segments and Geographic Information

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Business Segments and Geographic Information

IDEX 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 food, chemical, general industrial, water & wastewater, agriculture and energy 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, including 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, 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 and peristaltic pump technologies that meet exacting original equipment manufacturer specifications. The Fire & Safety/Diversified Products segment produces firefighting pumps, valves and controls, 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 sales and operating income are the primary financial measures. Intersegment sales are accounted for at fair value as if the sales were to third parties.



	2016			2015			2014
	(In thousands)
NET SALES
Fluid & Metering Technologies
External customers	$	848,708		$	859,945		$	898,530
Intersegment sales	393			847			1,058
Total segment sales	849,101			860,792			899,588
Health & Science Technologies
External customers	744,380			737,011			747,186
Intersegment sales	429			1,985			4,835
Total segment sales	744,809			738,996			752,021
Fire & Safety/Diversified Products
External customers	519,955			423,712			502,051
Intersegment sales	54			203			698
Total segment sales	520,009			423,915			502,749
Intersegment eliminations	(876		)	(3,035		)	(6,591		)
Total net sales	$	2,113,043		$	2,020,668		$	2,147,767
OPERATING INCOME (LOSS) ⁽¹⁾
Fluid & Metering Technologies	$	214,242		$	204,506		$	216,886
Health & Science Technologies	153,722			157,948			152,999
Fire & Safety/Diversified Products	121,888			115,745			130,494
Corporate office ⁽²⁾	(84,051		)	(46,461		)	(69,155		)
Total operating income	405,801			431,738			431,224
Interest expense	45,616			41,636			41,895
Other (income) expense - net	(8,327		)	(2,243		)	(3,111		)
Income before taxes	$	368,512		$	392,345		$	392,440



	2016		2015		2014
	(In thousands)
ASSETS
Fluid & Metering Technologies	$	1,065,670	$	1,125,266	$	1,026,238
Health & Science Technologies	1,266,036		1,108,302		1,101,155
Fire & Safety/Diversified Products	705,735		448,867		510,841
Corporate office ⁽³⁾	117,503		123,008		265,229
Total assets	$	3,154,944	$	2,805,443	$	2,903,463
DEPRECIATION AND AMORTIZATION ⁽⁴⁾
Fluid & Metering Technologies	$	28,458	$	27,662	$	26,453
Health & Science Technologies	45,298		42,827		42,478
Fire & Safety/Diversified Products	11,956		6,051		6,583
Corporate office and other	1,180		1,580		1,393
Total depreciation and amortization	$	86,892	$	78,120	$	76,907
CAPITAL EXPENDITURES
Fluid & Metering Technologies	$	16,389	$	22,846	$	18,215
Health & Science Technologies	15,665		13,104		19,161
Fire & Safety/Diversified Products	5,945		5,804		6,761
Corporate office and other	243		2,022		3,860
Total capital expenditures	$	38,242	$	43,776	$	47,997


(1)	Segment operating income (loss) excludes net unallocated corporate operating expenses.


(2)	2016 includes a $22.3 million loss on the sale of businesses - net and 2015 includes an $18.1 million gain on the sale of a business.


(3)	2014 balance has been reclassified to conform to the current presentation for ASU 2015-03.


(4)	Excludes amortization of debt issuance expenses.

Information about the Company’s operations in different geographical regions for the years ended December 31, 2016, 2015 and 2014 is shown below. Net sales were attributed to geographic areas based on location of the customer and no country outside the U.S. was greater than 10% of total revenues.



	2016		2015		2014
	(In thousands)
NET SALES
U.S.	$	1,067,333	$	1,015,277	$	1,068,758
North America, excluding U.S.	84,836		85,852		95,917
Europe	517,179		490,435		527,975
Asia	340,624		325,507		337,668
Other	103,071		103,597		117,449
Total net sales	$	2,113,043	$	2,020,668	$	2,147,767
LONG-LIVED ASSETS — PROPERTY, PLANT AND EQUIPMENT
U.S.	$	152,504	$	144,508	$	139,702
North America, excluding U.S.	1,533		643		814
Europe	71,681		69,082		54,088
Asia	21,793		26,498		24,912
Other	305		214		27
Total long-lived assets — net	$	247,816	$	240,945	$	219,543

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

+ Details

Restructuring

12 Months Ended

Dec. 31, 2016

Restructuring and Related Activities [Abstract]

Restructuring

During the fourth quarter of 2016, the third and fourth quarters of 2015 and the fourth quarter of 2014, the Company recorded restructuring costs as a part of 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 and facility rationalization. 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, while exit costs primarily consisted of asset disposals or impairments and lease exit costs.

2016 Initiative

During 2016 the Company recorded pre-tax restructuring expenses totaling $3.7 million related to the 2016 restructuring initiative. These expenses consisted of employee severance related to employee reductions across various functional areas. The 2016 restructuring initiative included severance benefits for 129 employees. Severance payments are expected to be substantially paid by the end of 2017 using cash from operations. The Company expects an additional $2 to $3 million of pre-tax restructuring expenses in the first quarter of 2017 related to the 2016 initiative.

Pre-tax restructuring expenses, comprised solely of severance costs, by segment for 2016 are as follows:



	Total Restructuring Costs
	(In thousands)
Fluid & Metering Technologies	$	932
Health & Science Technologies	1,117
Fire & Safety/Diversified Products	1,425
Corporate/Other	200
Total restructuring costs	$	3,674

2015 Initiative

During 2015 the Company recorded pre-tax restructuring expenses totaling $11.2 million related to the 2015 restructuring initiative. These expenses consisted of employee severance related to employee reductions across various functional areas. The 2015 restructuring initiative included severance benefits for 208 employees. Severance payments are expected to be paid by March 31, 2017 using cash from operations.

Pre-tax restructuring expenses, comprised solely of severance costs, by segment for 2015 are as follows:



	Total Restructuring Costs
	(In thousands)
Fluid & Metering Technologies	$	7,090
Health & Science Technologies	3,408
Fire & Safety/Diversified Products	576
Corporate/Other	165
Total restructuring costs	$	11,239

2014 Initiative

During 2014 the Company recorded pre-tax restructuring expenses in the fourth quarter totaling $13.7 million related to the 2014 restructuring initiative. These expenses consisted of employee severance related to employee reductions across various functional areas as well as exit costs and asset impairments. The 2014 restructuring initiative included severance benefits for 217 employees. Severance payments were fully paid by the end of 2015 using cash from operations.

Pre-tax restructuring expenses by segment for 2014 were as follows:



	Severance Costs		Exit Costs and Asset Impairments		Total
	(In thousands)
Fluid & Metering Technologies	$	6,413	$	—	$	6,413
Health & Science Technologies	3,520		1,392		4,912
Fire & Safety/Diversified Products	908		126		1,034
Corporate/Other	1,313		—		1,313
Total restructuring costs	$	12,154	$	1,518	$	13,672

Restructuring accruals of $3.9 million and $6.6 million at December 31, 2016 and 2015, respectively, are reflected in Accrued expenses in our Consolidated Balance Sheets as follows:



	Restructuring Initiatives
	(In thousands)
Balance at January 1, 2015	$	6,056
Restructuring expenses	11,239
Payments, utilization and other	(10,659		)
Balance at December 31, 2015	6,636
Restructuring expenses	3,674
Payments, utilization and other	(6,417		)
Balance at December 31, 2016	$	3,893

Share-Based Compensation

12 Months Ended

Dec. 31, 2016

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

Share-Based Compensation

The Company maintains two share-based compensation plans for executives, non-employee directors and certain key employees that authorize the granting of stock options, restricted stock, performance share units, and other types of awards consistent with the purpose of the plans. The number of shares authorized for issuance under the Company’s plans as of December 31, 2016 totaled 15.6 million, of which 5.4 million shares were available for future issuance. 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.

Stock Options

Stock options granted under IDEX plans are generally non-qualified and are granted with an exercise price equal to the market price of the Company’s stock at the date of grant. The majority of the options issued to employees become exercisable in four equal installments, beginning one year from the date of grant, and generally expire 10 years from the date of grant. Stock options granted to non-employee directors cliff vest after one year.

Weighted average option fair values and assumptions for the period are as follows:



	Years Ended December 31,
	2016	2015	2014
Weighted average fair value of grants	$18.56	$20.32	$19.52
Dividend yield	1.69%	1.45%	1.27%
Volatility	29.70%	29.90%	30.36%
Risk-free interest rate	0.53% - 2.49%	0.24% - 2.82%	0.12% - 4.65%
Expected life (in years)	5.91	5.93	5.89

The assumptions are as follows:


•	The Company estimated volatility using its historical share price performance over the contractual term of the option.


•	The Company uses historical data to estimate the expected life of the option. The expected life assumption for the years ended December 31, 2016, 2015 and 2014 is an output of the Binomial lattice option-pricing model, which incorporates vesting provisions, rate of voluntary exercise and rate of post-vesting termination over the contractual life of the option to define expected employee behavior.


•	The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods within the contractual life of the option. For the years ended December 31, 2016, 2015 and 2014, we present the range of risk-free one-year forward rates, derived from the U.S. treasury yield curve, utilized in the Binomial lattice option-pricing model.


•	The expected dividend yield is based on the Company’s current dividend yield as the best estimate of projected dividend yield for periods within the contractual life of the option.

A summary of the Company’s stock option activity as of December 31, 2016, and changes during the year ended December 31, 2016 is presented as follows:



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	570,250		75.35
Exercised	(675,525	)	44.44
Forfeited/Expired	(173,212	)	72.30
Outstanding at December 31, 2016	1,987,946		$	61.83	6.84	$	56,144,876
Vested and expected to vest at December 31, 2016	1,884,401		$	61.06	6.74	$	54,671,036
Exercisable at December 31, 2016	945,265		$	48.53	5.17	$	39,252,480

The intrinsic value for stock options outstanding and exercisable is defined as the difference between the market value of the Company’s common stock as of the end of the period and the grant price. The total intrinsic value of options exercised in 2016, 2015 and 2014 was $26.5 million, $16.9 million and $20.0 million, respectively. In 2016, 2015 and 2014, cash received from options exercised was $30.2 million, $19.2 million and $17.2 million, respectively, while the actual tax benefit realized for the tax deductions from stock options exercised totaled $9.6 million, $6.1 million and $7.3 million, respectively.

Total compensation cost for stock options is recorded in the Consolidated Statements of Operations as follows:



	Years Ended December 31,
	2016			2015			2014
	(In thousands)
Cost of goods sold	$	427		$	543		$	581
Selling, general and administrative expenses	6,561			6,488			6,245
Total expense before income taxes	6,988			7,031			6,826
Income tax benefit	(2,213		)	(2,208		)	(2,194		)
Total expense after income taxes	$	4,775		$	4,823		$	4,632

As of December 31, 2016 there was $10.8 million of total unrecognized compensation cost related to stock options that is expected to be recognized over a weighted-average period of 1.4 years.

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. Dividends are paid on restricted stock awards and their fair value is equal to the market price of the Company’s stock at the date of the grant. A summary of the Company’s restricted stock activity as of December 31, 2016, and changes during the year ending December 31, 2016 is as follows:



Restricted Stock	Shares		Weighted-Average Grant Date Fair Value
Unvested at January 1, 2016	272,755		$	65.90
Granted	76,970		78.86
Vested	(105,382	)	51.90
Forfeited	(26,445	)	74.61
Unvested at December 31, 2016	217,898		$	76.19

Total compensation cost for restricted stock is recorded in the Consolidated Statements of Operations as follows:



	Years Ended December 31,
	2016			2015			2014
	(In thousands)
Cost of goods sold	$	390		$	341		$	369
Selling, general and administrative expenses	4,401			5,213			6,182
Total expense before income taxes	4,791			5,554			6,551
Income tax benefit	(1,410		)	(1,604		)	(1,630		)
Total expense after income taxes	$	3,381		$	3,950		$	4,921

As of December 31, 2016 there was $5.3 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.

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. Dividend equivalents are paid on certain cash-settled restricted stock awards. A summary of the Company’s unvested cash-settled restricted stock activity as of December 31, 2016, and changes during the year ending December 31, 2016 is as follows:



Cash-Settled Restricted Stock	Shares		Weighted-Average Fair Value
Unvested at January 1, 2016	110,860		$	76.61
Granted	41,060		90.06
Vested	(36,660	)	72.91
Forfeited	(11,470	)	90.06
Unvested at December 31, 2016	103,790		$	90.06

Total compensation cost for cash-settled restricted stock is recorded in the Consolidated Statements of Operations as follows:



	Years Ended December 31,
	2016			2015			2014
	(In thousands)
Cost of goods sold	$	764		$	753		$	1,384
Selling, general and administrative expenses	2,224			1,765			2,735
Total expense before income taxes	2,988			2,518			4,119
Income tax benefit	(419		)	(355		)	(603		)
Total expense after income taxes	$	2,569		$	2,163		$	3,516

At December 31, 2016 and 2015, the Company has $3.0 million and $3.2 million, respectively, included in Accrued expenses in the Consolidated Balance Sheets and $2.4 million and $1.8 million, respectively, included in Other non-current liabilities.

Performance Share Units

Beginning in 2013 the Company granted performance share units to selected key employees that may be earned based on IDEX total shareholder return over the three-year period following the date of grant. Performance share units are expected to be made annually and are paid out at the end of a three-year period based on the Company’s performance. Performance is measured by determining the percentile rank of the total shareholder return of IDEX common stock in relation to the total shareholder return of the S&P Midcap 400 Industrial Group (for awards granted prior to 2016) or the Russell Midcap Index (for awards granted in 2016) for the three-year period following the date of grant. The payment of awards following the three-year award period will be based on performance achieved in accordance with the scale set forth in the plan agreement and may range from 0 percent to 250 percent of the initial grant. A target payout of 100 percent is earned if total shareholder return is equal to the 50^th percentile of the peer group. Performance share units earn dividend equivalents for the award period, which will be paid to participants with the award payout at the end of the period based on the actual number of performance share units that are earned. Payments made at the end of the award period will be in the form of stock for performance share units and will be in cash for dividend equivalents. The Company’s performance share awards are considered performance condition awards and the grant date fair value of the awards, based on a Monte Carlo simulation model, is expensed ratably over the three-year term of the awards. The Company granted approximately 0.1 million of performance share units in each of 2016, 2015 and 2014.

Weighted average performance share unit fair values and assumptions for the period specified are as follows:



	Years Ended December 31,
	2016	2015	2014
Weighted average fair value of grants	$111.42	$95.07	$94.55
Dividend yield	—%	—%	—%
Volatility	17.99%	19.14%	26.41%
Risk-free interest rate	0.89%	1.01%	0.65%
Expected life (in years)	2.86	2.86	2.88

The assumptions are as follows:


•	The Company estimated volatility using its historical share price performance over the remaining performance period as of the grant date.


•	The Company uses a Monte Carlo simulation model that uses an expected life commensurate with the performance period. As a result, the expected life of the performance share units was assumed to be the period from the grant date to the end of the performance period.


•	The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant with a term commensurate with the remaining performance period.


•	Total Shareholder Return is determined assuming that dividends are reinvested in the issuing entity over the performance period, which is mathematically equivalent to utilizing a 0% dividend yield.

A summary of the Company’s performance share unit activity as of December 31, 2016, and changes during the year ending December 31, 2016 is as follows:



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	(63,325	)	94.55
Forfeited	(31,025	)	99.52
Unvested at December 31, 2016	137,055		$	104.18

Awards that vested in 2016 will result in 89,288 shares being issued in 2017.

Total compensation cost for performance share units is as follows:



	Years Ended December 31,
	2016			2015			2014
	(In thousands)
Cost of goods sold	$	—		$	—		$	—
Selling, general and administrative expenses	5,559			4,946			3,220
Total expense before income taxes	5,559			4,946			3,220
Income tax benefit	(1,859		)	(1,670		)	(1,081		)
Total expense after income taxes	$	3,700		$	3,276		$	2,139

As of December 31, 2016 there was $6.3 million of total unrecognized compensation cost related to performance shares that is expected to be recognized over a weighted-average period of 1.0 year.

- 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

Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Other Comprehensive Income (Loss)

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



	For the Year Ended December 31, 2016									For the Year Ended December 31, 2015
	Pre-tax			Tax			Net of tax			Pre-tax			Tax			Net of tax
	(In thousands)
Foreign currency translation adjustments
Cumulative translation adjustment	$	(76,822	)	$	—		$	(76,822	)	$	(63,441	)	$	—		$	(63,441	)
Reclassification of foreign currency translation to earnings upon sale of business	14,257			—			14,257			(4,725		)	—			(4,725		)
Foreign currency translation adjustments	(62,565		)	—			(62,565		)	(68,166		)	—			(68,166		)
Pension and other postretirement adjustments
Net gain (loss) arising during the year	(1,927		)	789			(1,138		)	8,318			(2,411		)	5,907
Amortization/recognition of settlement loss	7,083			(2,896		)	4,187			4,939			(1,431		)	3,508
Pension and other postretirement adjustments	5,156			(2,107		)	3,049			13,257			(3,842		)	9,415
Reclassification adjustments for derivatives	6,851			(2,490		)	4,361			7,030			(2,499		)	4,531
Total other comprehensive income (loss)	$	(50,558	)	$	(4,597	)	$	(55,155	)	$	(47,879	)	$	(6,341	)	$	(54,220	)



	For the Year Ended December 31, 2014
	Pre-tax			Tax			Net of tax
	(In thousands)
Foreign currency translation adjustments
Cumulative translation adjustment	$	(77,024	)	$	—		$	(77,024	)
Pension and other postretirement adjustments
Net gain (loss) arising during the year	(26,424		)	7,767			(18,657		)
Amortization/recognition of settlement loss	3,113			(915		)	2,198
Pension and other postretirement adjustments, net	(23,311		)	6,852			(16,459		)
Reclassification adjustments for derivatives	7,223			(2,713		)	4,510
Total other comprehensive income (loss)	$	(93,112	)	$	4,139		$	(88,973	)

Amounts reclassified from accumulated other comprehensive income (loss) to net income are summarized as follows:



	For the Years Ended December 31,
	2016			2015			2014			Income Statement Caption
Foreign currency translation:
Reclassification upon sale of business	$	14,257		$	(4,725	)	$	—		Loss (gain) on sale of businesses - net
Total before tax	14,257			(4,725		)	—
Provision for income taxes	—			—			—
Total net of tax	$	14,257		$	(4,725	)	$	—
Pension and other postretirement plans:
Amortization of service cost	$	7,083		$	4,939		$	3,113		Selling, general and administrative expense
Total before tax	7,083			4,939			3,113
Provision for income taxes	(2,896		)	(1,431		)	(915		)
Total net of tax	$	4,187		$	3,508		$	2,198
Derivatives:
Reclassification adjustments	$	6,851		$	7,030		$	7,223		Interest expense
Total before tax	6,851			7,030			7,223
Provision for income taxes	(2,490		)	(2,499		)	(2,713		)
Total net of tax	$	4,361		$	4,531		$	4,510

- 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
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Topic 220
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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

Retirement Benefits

12 Months Ended

Dec. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Retirement Benefits

The Company sponsors several qualified and nonqualified pension plans and other postretirement plans for its employees. The Company uses a measurement date of December 31 for its defined benefit pension plans and post retirement medical plans. The Company employs the measurement date provisions of ASC 715, Compensation-Retirement Benefits, which require the measurement date of plan assets and liabilities to coincide with the sponsor’s year end.

During 2016, the Company offered a voluntary lump-sum pension payment opportunity to certain terminated vested U.S. pension plan participants. Total lump-sum payments of $11.0 million were made for those participants electing to receive lump sums using pension plan assets. The Company recognized pretax settlement losses of $3.5 million in the fourth quarter of 2016 for those plans where the settlement payment exceeded the sum of the plans' service and interest costs.

The following table provides a reconciliation of the changes in the benefit obligations and fair value of plan assets over the two-year period ended December 31, 2016, and a statement of the funded status at December 31 for both years.



	Pension Benefits												Other Benefits
	2016						2015						2016			2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
	(In thousands)
CHANGE IN BENEFIT OBLIGATION
Obligation at January 1	$	98,476		$	58,063		$	102,312		$	69,488		$	20,400		$	22,855
Service cost	1,016			1,627			1,279			1,506			601			673
Interest cost	3,043			1,429			3,770			1,734			811			833
Plan amendments	—			—			113			—			—			—
Benefits paid	(3,140		)	(2,023		)	(3,985		)	(2,448		)	(718		)	(622		)
Actuarial loss (gain)	1,987			6,844			(5,013		)	(6,909		)	(1,990		)	(2,966		)
Currency translation	—			(6,988		)	—			(5,308		)	52			(373		)
Settlements	(11,126		)	(819		)	—			—			—			—
Acquisition/Divestiture	—			29,491			—			—			5,480			—
Other	—			140			—			—			—			—
Obligation at December 31	$	90,256		$	87,764		$	98,476		$	58,063		$	24,636		$	20,400
CHANGE IN PLAN ASSETS
Fair value of plan assets at January 1	$	77,575		$	20,645		$	79,687		$	22,152		$	—		$	—
Actual return on plan assets	6,740			2,470			(2,587		)	205			—			—
Employer contributions	3,639			1,974			4,460			1,837			718			622
Benefits paid	(3,140		)	(2,023		)	(3,985		)	(2,448		)	(718		)	(622		)
Currency translation	—			(4,108		)	—			(1,101		)	—			—
Settlements	(11,126		)	(819		)	—			—			—			—
Acquisition/Divestiture	—			14,307			—			—			—			—
Other	—			140			—			—			—			—
Fair value of plan assets at December 31	$	73,688		$	32,586		$	77,575		$	20,645		$	—		$	—
Funded status at December 31	$	(16,568	)	$	(55,178	)	$	(20,901	)	$	(37,418	)	$	(24,636	)	$	(20,400	)
COMPONENTS ON THE CONSOLIDATED BALANCE SHEETS
Current liabilities	$	(729	)	$	(1,005	)	$	(743	)	$	(875	)	$	(1,044	)	$	(911	)
Other noncurrent liabilities	(15,839		)	(54,173		)	(20,158		)	(36,543		)	(23,592		)	(19,489		)
Net liability at December 31	$	(16,568	)	$	(55,178	)	$	(20,901	)	$	(37,418	)	$	(24,636	)	$	(20,400	)

The accumulated benefit obligation (“ABO”) for all defined benefit pension plans was $176.7 million and $150.4 million at December 31, 2016 and 2015, respectively.

The weighted average assumptions used in the measurement of the Company’s benefit obligation at December 31, 2016 and 2015 were as follows:



	U.S. Plans				Non-U.S. Plans
	2016		2015		2016		2015
Discount rate	3.91	%	4.12	%	1.76	%	2.99	%
Rate of compensation increase	4.00	%	4.00	%	2.29	%	2.98	%

The pretax amounts recognized in Accumulated other comprehensive income (loss) on the Consolidated Balance Sheets as of December 31, 2016 and 2015 were as follows:



	Pension Benefits										Other Benefits
	2016					2015					2016			2015
	U.S.		Non-U.S.			U.S.		Non-U.S
	(In thousands)
Prior service cost (credit)	$	110	$	(77	)	$	135	$	(38	)	$	(849	)	$	(1,215	)
Net loss	27,860		(17,643		)	33,461		15,330			(3,852		)	(2,197		)
Total	$	27,970	$	(17,720	)	$	33,596	$	15,292		$	(4,701	)	$	(3,412	)

The amounts in Accumulated other comprehensive income (loss) on the Consolidated Balance Sheet as of December 31, 2016, that are expected to be recognized as components of net periodic benefit cost during 2017 are as follows:



	U.S. Pension Benefit Plans		Non-U.S. Pension Benefit Plans		Other Benefit Plans			Total
	(In thousands)
Prior service cost (credit)	$	24	$	9	$	(366	)	$	(333	)
Net loss	2,542		1,493		(427		)	3,608
Total	$	2,566	$	1,502	$	(793	)	$	3,275

The components of, and the weighted average assumptions used to determine, the net periodic benefit cost for the plans in 2016, 2015 and 2014 are as follows:



	Pension Benefits
	2016						2015						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
	(In thousands)
Service cost	$	1,016		$	1,627		$	1,279		$	1,506		$	1,162		$	1,331
Interest cost	3,043			1,429			3,770			1,734			4,037			2,345
Expected return on plan assets	(4,777		)	(993		)	(4,910		)	(1,114		)	(5,430		)	(1,297		)
Settlement loss recognized	3,339			215			—			—			—			—
Net amortization	3,226			1,008			3,422			1,931			2,187			1,400
Net periodic benefit cost	$	5,847		$	3,286		$	3,561		$	4,057		$	1,956		$	3,779



	Other Benefits
	2016			2015			2014
	(In thousands)
Service cost	$	601		$	673		$	714
Interest cost	811			833			932
Net amortization	(705		)	(414		)	(474		)
Net periodic benefit cost	$	707		$	1,092		$	1,172



	U.S. Plans						Non-U.S. Plans
	2016		2015		2014		2016		2015		2014
Discount rate	4.12	%	3.78	%	4.61	%	2.99	%	2.66	%	4.03	%
Expected return on plan assets	6.50	%	6.50	%	7.00	%	4.58	%	5.19	%	5.83	%
Rate of compensation increase	4.00	%	4.00	%	4.00	%	2.98	%	3.00	%	3.14	%

The pretax change recognized in Accumulated other comprehensive income (loss) on the Consolidated Balance Sheet in 2016 is as follows:



	Pension Benefits						Other Benefits
	U.S.			Non-U.S.
	(In thousands)
Net gain (loss) in current year	$	(23	)	$	(5,367	)	$	1,990
Prior service cost	—			—			—
Amortization of prior service cost (credit)	24			(15		)	(366		)
Amortization of net loss (gain)	6,541			1,239			(340		)
Exchange rate effect on amounts in OCI	—			1,468			5
Total	$	6,542		$	(2,675	)	$	1,289

The discount rates for our plans are derived by matching the plan’s cash flows to a yield curve that provides the equivalent yields on zero-coupon bonds for each maturity. The discount rate selected is the rate that produces the same present value of cash flows.

In selecting the expected rate of return on plan assets, the Company considers the historical returns and expected returns on plan assets. The expected returns are evaluated using asset return class, variance and correlation assumptions based on the plan’s target asset allocation and current market conditions.

Prior service costs are amortized on a straight-line basis over the average remaining service period of active participants. Gains and losses in excess of 10% of the greater of the benefit obligation or the market value of assets are amortized over the average remaining service period of active participants.

Costs of defined contribution plans were $10.1 million, $10.3 million and $9.1 million for 2016, 2015 and 2014, respectively.

The Company, through its subsidiaries, participates in certain multi-employer pension plans covering approximately 381 participants under U.S. collective bargaining agreements. None of these plans are considered individually significant to the Company as contributions to these plans totaled $1.3 million, $1.0 million, and $1.0 million for 2016, 2015 and 2014, respectively.

For measurement purposes, a 6.58% weighted average annual rate of increase in the per capita cost of covered health care benefits was assumed for 2016. The rate was assumed to decrease gradually each year to a rate of 4.50% for 2037, and remain at that level thereafter. Assumed health care cost trend rates have an effect on the amounts reported for the health care plans. A 1% increase in the assumed health care cost trend rates would increase the service and interest cost components of the net periodic benefit cost by $0.2 million and the health care component of the accumulated postretirement benefit obligation by $2.1 million. A 1% decrease in the assumed health care cost trend rate would decrease the service and interest cost components of the net periodic benefit cost by $0.1 million and the health care component of the accumulated postretirement benefit obligation by $1.8 million.

Plan Assets

The Company’s pension plan weighted average asset allocations at December 31, 2016 and 2015, by asset category, were as follows:



	U.S. Plans				Non-U.S. Plans
	2016		2015		2016		2015
Equity securities	44	%	49	%	24	%	36	%
Fixed income securities	43	%	49	%	26	%	44	%
Cash/Commingled Funds/Other ⁽¹⁾	13	%	2	%	50	%	20	%
Total	100	%	100	%	100	%	100	%

The basis used to measure the defined benefit plans’ assets at fair value at December 31, 2016 and 2015 is summarized as follows:



	Basis of Fair Value Measurement
	Outstanding Balances		Level 1		Level 2		Level 3
As of December 31, 2016	(In thousands)
Equity
U.S. Large Cap	$	15,345	$	15,345	$	—	$	—
U.S. Small / Mid Cap	8,920		7,111		1,809		—
International	16,282		10,647		5,635		—
Fixed Income
U.S. Intermediate	10,014		9,943		71		—
U.S. Short Duration	10,160		10,160		—		—
U.S. High Yield	9,343		7,924		1,419		—
International	10,310		3,627		6,683		—
Other Commingled Funds ⁽¹⁾	14,180		—		—		14,180
Cash and Equivalents	10,382		9,660		722		—
Other	1,338		—		1,338		—
	$	106,274	$	74,417	$	17,677	$	14,180

(1) Other commingled funds represent pooled institutional investments in non-U.S. plans.



	Basis of Fair Value Measurement
	Outstanding Balances		Level 1		Level 2		Level 3
As of December 31, 2015	(In thousands)
Equity
U.S. Large Cap	$	23,465	$	23,465	$	—	$	—
U.S. Small / Mid Cap	10,184		7,482		2,702		—
International	11,986		7,786		4,200		—
Fixed Income
U.S. Intermediate	15,000		15,000		—		—
U.S. Short Duration	8,935		8,935		—		—
U.S. High Yield	7,758		6,922		836		—
International	15,249		7,241		8,008		—
Cash and Equivalents	1,829		1,829		—		—
Other	3,836		—		3,836		—
	$	98,242	$	78,660	$	19,582	$	—

Equities that are valued using quoted prices are valued at the published market prices. Equities in a common collective trust or a registered investment company that are valued using significant other observable inputs are valued at the net asset value (“NAV”) provided by the fund administrator. The NAV is based on the value of the underlying assets owned by the fund minus its liabilities. Fixed income securities that are valued using significant other observable inputs are valued at prices obtained from independent financial service industry-recognized vendors.

Investment Policies and Strategies

The investment objective of the plan, consistent with prudent standards for preservation of capital and maintenance of liquidity, is to earn the highest possible total rate of return consistent with the plan’s tolerance for risk. The general asset allocation guidelines for plan assets are that “equities” will constitute from 40% to 60% of the market value of total fund assets with a target of 44%, and “fixed income” obligations, including cash, will constitute from 40% to 60% with a target of 56%. The term “equities” includes common stock, convertible bonds and convertible stock. The term “fixed income” includes preferred stock and/or contractual payments with a specific maturity date. The Company strives to maintain asset allocations within the designated ranges by conducting periodic reviews of fund allocations and plan liquidity needs, and rebalancing the portfolio accordingly. Diversification of assets is employed to ensure that adverse performance of one security or security class does not have an undue detrimental impact on the portfolio as a whole. Diversification is interpreted to include diversification by type, characteristic and number of investments, as well as by investment style of designated investment fund managers. No restrictions are placed on the selection of individual investments by the investment fund managers. The total fund performance and the performance of the investment fund managers is reviewed on a regular basis, using appointed professional independent advisors. As of December 31, 2016 and 2015, there were no shares of the Company’s stock held in plan assets.

Cash Flows

The Company expects to contribute approximately $5.8 million to its defined benefit plans and $0.1 million to its other postretirement benefit plans in 2017. The Company also expects to contribute approximately $10.0 million to its defined contribution plan and $8.4 million to its 401(k) savings plan in 2017.

Estimated Future Benefit Payments

The future estimated benefit payments for the next five years and the five years thereafter are as follows: 2017 — $14.4 million; 2018 — $10.6 million; 2019 — $10.3 million; 2020 — $10.8 million; 2021 — $10.6 million; 2022 to 2026 — $52.1 million.

Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (Unaudited)

The unaudited quarterly results of operations for the years ended December 31, 2016 and 2015 are as follows:



	2016 Quarters								2015 Quarters
	First		Second		Third		Fourth		First		Second		Third		Fourth
	(In thousands, except per share amounts)
Net sales	$	502,572	$	549,696	$	530,356	$	530,419	$	502,198	$	514,881	$	503,791	$	499,798
Gross profit	223,335		244,058		230,889		232,485		226,041		231,615		223,260		223,399
Operating income	102,557		112,976		108,857		81,411		101,757		109,909		121,813		98,259
Net income	68,130		75,759		69,873		57,347		65,954		69,585		79,505		67,763
Basic EPS	$	0.90	$	1.00	$	0.92	$	0.75	$	0.84	$	0.89	$	1.03	$	0.89
Diluted EPS	$	0.89	$	0.99	$	0.91	$	0.75	$	0.84	$	0.89	$	1.02	$	0.88
Basic weighted average shares outstanding	75,749		75,690		75,819		75,955		77,996		77,466		76,831		76,211
Diluted weighted average shares outstanding	76,699		76,674		76,880		76,806		78,856		78,297		77,646		77,091

(1) Quarterly data includes acquisition of Novotema (June 2015), Alfa Valvole (June 2015), CiDRA Precision Services (July 2015), Akron Brass (March 2016), AWG Fittings (July 2016) and SFC Koenig (September 2016) from the date of acquisition. Quarterly data also includes the results of Ismatec (July 2015), Hydra-Stop (July 2016), CVI Japan (September 2016), IETG (October 2016) and CVI Korea (December 2016) through the date of disposition.

Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Business

Principles of Consolidation

The consolidated financial statements include the Company and its subsidiaries. All intercompany transactions and accounts have been eliminated.

Use of Estimates

Revenue Recognition

Shipping and Handling Costs

Shipping and handling costs are included in Cost of sales and are recognized as a period expense during the period in which they are incurred.

Advertising Costs

Advertising costs of $15.3 million, $16.1 million and $14.5 million for 2016, 2015 and 2014, respectively, are expensed as incurred within Selling, general and administrative expenses.

Cash and Cash Equivalents

The Company considers all highly liquid instruments purchased with an original maturity of 90 days or less to be cash and cash equivalents.

Allowance for Doubtful Accounts

Inventories

Impairment of Long-Lived Assets

Goodwill and Indefinite-Lived Intangible Assets

Borrowing Expenses

Earnings per Common Share

Share-Based Compensation

Depreciation and Amortization

Property and equipment are stated at cost, with depreciation and amortization provided using the straight-line method over the following estimated useful lives:



Land improvements	8 to 12 years
Buildings and improvements	8 to 30 years
Machinery, equipment and other	3 to 12 years
Office and transportation equipment	3 to 10 years



Patents	5 to 17 years
Trade names	10 to 20 years
Customer relationships	6 to 20 years
Unpatented technology and other	6 to 20 years

Research and Development Expenditures

Costs associated with research and development are expensed in the period incurred and are included in Cost of sales.

Foreign Currency

Income Taxes

Concentration of Credit Risk

The Company is not dependent on a single customer as its largest customer accounted for less than 2% of net sales for all years presented.

New Accounting Pronouncements

Recently Adopted Accounting Standards

•


•	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 year ended December 31, 2016. This increased our diluted weighted average common shares outstanding by 127 thousand shares for the year ended December 31, 2016.

New Accounting Pronouncements

Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Schedule Of Basic Weighted Average Shares Reconciles To Diluted Weighted Average Shares

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



	2016	2015	2014
	(In thousands)
Basic weighted average common shares outstanding	75,803	77,126	79,715
Dilutive effect of stock options, restricted stock, performance share units and DCUs	955	846	1,013
Diluted weighted average common shares outstanding	76,758	77,972	80,728

Property And Equipment At Cost, Depreciation And Amortization Estimated Useful Lives

Property and equipment are stated at cost, with depreciation and amortization provided using the straight-line method over the following estimated useful lives:



Land improvements	8 to 12 years
Buildings and improvements	8 to 30 years
Machinery, equipment and other	3 to 12 years
Office and transportation equipment	3 to 10 years

Schedule of Identifiable Intangible Assets, Useful Lives



Patents	5 to 17 years
Trade names	10 to 20 years
Customer relationships	6 to 20 years
Unpatented technology and other	6 to 20 years

Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2016

Business Combinations and Dispositions [Abstract]

Schedule of Allocation of Acquisition Costs To Assets Acquired and Liabilities Assumed

The allocation of the acquisition costs to the assets acquired and liabilities assumed, based on their estimated fair values at their respective acquisition dates, is as follows:



	Novotema			Alfa Valvole			CPS			Other		Total
(In thousands)
Accounts receivable	$	8,029		$	13,487		$	945		$	—	$	22,461
Inventory	2,886			11,036			442			1,102		15,466
Other assets, net of cash acquired	1,866			3,367			79			—		5,312
Property, plant and equipment	11,844			8,395			1,105			—		21,344
Goodwill	34,316			69,568			9,739			748		114,371
Intangible assets	20,011			32,058			12,290			—		64,359
Total assets acquired	78,952			137,911			24,600			1,850		243,313
Current liabilities	(7,760		)	(11,279		)	(420		)	—		(19,459		)
Deferred income taxes	(7,803		)	(12,622		)	—			—		(20,425		)
Other noncurrent liabilities	(2,291		)	(1,420		)	—			—		(3,711		)
Net assets acquired	$	61,098		$	112,590		$	24,180		$	1,850	$	199,718

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



(In thousands)
Accounts receivable	$	1,147
Inventory	6,230
Other current assets, net of cash acquired	232
Property, plant and equipment	2,988
Goodwill	7,711
Intangible assets	8,770
Total assets acquired	27,078
Total liabilities assumed	(1,633		)
Net assets acquired	$	25,445

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



	Akron Brass			AWG Fittings			SFC Koenig			Total
(In thousands)
Accounts receivable	$	14,523		$	5,952		$	9,425		$	29,900
Inventory	29,157			11,766			21,247			62,170
Other assets, net of cash acquired	446			565			4,501			5,512
Property, plant and equipment	12,195			6,847			5,125			24,167
Goodwill	124,643			22,031			143,719			290,393
Intangible assets	90,400			10,279			116,998			217,677
Deferred income taxes	—			3,515			—			3,515
Total assets acquired	271,364			60,955			301,015			633,334
Current liabilities	(7,081		)	(5,017		)	(10,088		)	(22,186		)
Deferred income taxes	(36,439		)	—			(41,370		)	(77,809		)
Other noncurrent liabilities	(6,445		)	(8,444		)	(8,449		)	(23,338		)
Net assets acquired	$	221,399		$	47,494		$	241,108		$	510,001

Acquired Intangible Assets and Weighted Average Amortization Periods

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



(In thousands, except weighted average life)	Total		Weighted Average Life
Trade names	$	3,304	15
Customer relationships	4,393		14
Unpatented technology	1,073		8
Total acquired intangible assets	$	8,770

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



(In thousands, except weighted average life)	Total		Weighted Average Life
Trade names	$	9,247	15
Customer relationships	44,401		12
Unpatented technology	10,711		8
Total acquired intangible assets	$	64,359

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



(In thousands, except weighted average life)	Total		Weighted Average Life
Trade names	$	14,078	15
Customer relationships	134,519		13
Unpatented technology	40,280		13
Amortized intangible assets	188,877
Indefinite lived - Akron Brass trade name	28,800
Total acquired intangible assets	$	217,677

Balance Sheet Components (Tables)

12 Months Ended

Dec. 31, 2016

Additional Financial Information Disclosure [Abstract]

Balance Sheet Components



	December 31,
	2016		2015
	(In thousands)
RECEIVABLES
Customers	$	275,250	$	262,304
Other	5,641		5,508
Total	280,891		267,812
Less allowance for doubtful accounts	8,078		7,812
Total receivables — net	$	272,813	$	260,000
INVENTORIES
Raw materials and components parts	$	154,278	$	141,671
Work in process	34,832		32,387
Finished goods	63,749		65,066
Total	$	252,859	$	239,124
PROPERTY, PLANT AND EQUIPMENT
Land and improvements	$	33,883	$	34,343
Buildings and improvements	169,261		157,946
Machinery, equipment and other	328,779		331,146
Office and transportation equipment	98,355		97,250
Construction in progress	10,373		13,377
Total	640,651		634,062
Less accumulated depreciation and amortization	392,835		393,117
Total property, plant and equipment — net	$	247,816	$	240,945
ACCRUED EXPENSES
Payroll and related items	$	67,600	$	67,209
Management incentive compensation	16,339		12,599
Income taxes payable	8,808		3,836
Insurance	9,416		9,505
Warranty	5,628		7,936
Deferred revenue	12,607		9,885
Restructuring	3,893		6,636
Liability for uncertain tax positions	1,366		3,498
Accrued interest	1,663		1,230
Contingent consideration for acquisition	—		4,705
Other	25,532		26,633
Total accrued expenses	$	152,852	$	153,672
OTHER NONCURRENT LIABILITIES
Pension and retiree medical obligations	$	93,604	$	76,190
Liability for uncertain tax positions	2,623		4,252
Deferred revenue	2,442		3,763
Other	22,561		18,160
Total other noncurrent liabilities	$	121,230	$	102,365

Valuation and Qualifying Accounts

The valuation and qualifying account activity for the years ended December 31, 2016, 2015 and 2014 is as follows:



	2016			2015			2014
	(In thousands)
ALLOWANCE FOR DOUBTFUL ACCOUNTS ⁽¹⁾
Beginning balance January 1	$	7,812		$	6,961		$	5,841
Charged to costs and expenses, net of recoveries	1,425			1,556			2,643
Utilization	(1,585		)	(1,009		)	(1,195		)
Currency translation and other	426			304			(328		)
Ending balance December 31	$	8,078		$	7,812		$	6,961


(1)	Includes provision for doubtful accounts, sales returns and sales discounts granted to customers.

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in the Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for 2016 and 2015, by reportable business segment, were as follows:



	Fluid & Metering Technologies			Health & Science Technologies			Fire & Safety/ Diversified Products			Total
	(In thousands)
Goodwill	$	544,870		$	713,285		$	263,753		$	1,521,908
Accumulated goodwill impairment losses	(20,721		)	(149,820		)	(30,090		)	(200,631		)
Balance at January 1, 2015	524,149			563,465			233,663			1,321,277
Foreign currency translation	(11,318		)	(6,155		)	(12,509		)	(29,982		)
Acquisitions	71,939			43,508			—			115,447
Disposition of businesses	—			(10,213		)	—			(10,213		)
Balance at December 31, 2015	584,770			590,605			221,154			1,396,529
Foreign currency translation	(5,951		)	(23,559		)	(7,972		)	(37,482		)
Acquisitions	—			143,719			146,674			290,393
Disposition of businesses	(3,759		)	(12,013		)	—			(15,772		)
Acquisition adjustments	(1,623		)	547			—			(1,076		)
Balance at December 31, 2016	$	573,437		$	699,299		$	359,856		$	1,632,592

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 asset at December 31, 2016 and 2015:



	At December 31, 2016								At December 31, 2015
	Gross Carrying Amount		Accumulated Amortization			Net		Weighted Average Life	Gross Carrying Amount		Accumulated Amortization			Net
			(In thousands)								(In thousands)
Amortized intangible assets:
Patents	$	9,856	$	(6,635	)	$	3,221	11	$	10,202	$	(6,175	)	$	4,027
Trade names	113,428		(42,653		)	70,775		16	110,658		(38,696		)	71,962
Customer relationships	369,087		(161,065		)	208,022		12	257,071		(144,134		)	112,937
Non-compete agreements	—		—			—		3	794		(775		)	19
Unpatented technology	106,747		(44,516		)	62,231		12	78,562		(42,745		)	35,817
Other	6,527		(6,172		)	355		10	6,554		(5,579		)	975
Total amortized intangible assets	605,645		(261,041		)	344,604			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	$	696,545	$	(261,041	)	$	435,504		$	525,941	$	(238,104	)	$	287,837

Borrowings (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Borrowings

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



	2016		2015
	(In thousands)
Revolving Facility	$	169,579	$	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	1,294		2,436
Total borrowings	1,020,873		847,436
Less current portion	1,046		1,087
Less deferred debt issuance costs	4,399		5,203
Less unaccreted debt discount	1,193		1,439
Total long-term borrowings	$	1,014,235	$	839,707

Schedule of Maturities of Borrowings

Total borrowings at December 31, 2016 have scheduled maturities as follows:



(In thousands)
2017	$	1,046
2018	239
2019	9
2020	469,579
2021	350,000
Thereafter	200,000
Total borrowings	$	1,020,873

- 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

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-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
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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)

12 Months Ended

Dec. 31, 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 (liabilities) at fair value on a recurring basis in the balance sheets at December 31, 2016 and 2015:



	Basis of Fair Value Measurements
	Balance at December 31, 2016		Level 1		Level 2		Level 3
	(In thousands)
Available for sale securities	$	5,369	$	5,369	$	—	$	—



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

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Future Minimum Lease Payments For Operating and Capital Leases

The aggregate future minimum lease payments for operating and capital leases as of December 31, 2016 were as follows:



	Operating		Capital
	(In thousands)
2017	$	16,923	$	1,055
2018	14,238		243
2019	9,521		9
2020	7,668		—
2021	5,701		—
2022 and thereafter	19,106		—
	$	73,157	$	1,307

Roll Forward of the Warranty Reserve

A rollforward of the warranty reserve is as follows:



	2016			2015			2014
	(In thousands)
Beginning balance January 1	$	7,936		$	7,196		$	4,888
Provision for warranties	1,828			4,788			6,220
Claim settlements	(3,539		)	(3,864		)	(3,823		)
Other adjustments, including acquisitions, divestitures and currency translation	(597		)	(184		)	(89		)
Ending balance December 31	$	5,628		$	7,936		$	7,196

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Tax

Pretax income for 2016, 2015 and 2014 was taxed in the following jurisdictions:



	2016		2015		2014
	(In thousands)
U.S.	$	265,260	$	285,399	$	275,334
Foreign	103,252		106,946		117,106
Total	$	368,512	$	392,345	$	392,440

Schedule of Components of Income Tax

The provision (benefit) for income taxes for 2016, 2015 and 2014, was as follows:



	2016			2015			2014
	(In thousands)
Current
U.S.	$	67,668		$	73,059		$	77,454
State and local	4,503			6,188			7,133
Foreign	42,540			30,630			37,060
Total current	114,711			109,877			121,647
Deferred
U.S.	(6,249		)	7,125			(3,176		)
State and local	(331		)	(1,017		)	(1,708		)
Foreign	(10,728		)	(6,447		)	(3,709		)
Total deferred	(17,308		)	(339		)	(8,593		)
Total provision for income taxes	$	97,403		$	109,538		$	113,054

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) at December 31, 2016 and 2015 were:



	2016			2015
	(In thousands)
Employee and retiree benefit plans	$	42,950		$	37,393
Capital loss carryforwards	18,668			—
Depreciation and amortization	(238,321		)	(185,321		)
Inventories	11,519			12,615
Allowances and accruals	9,338			12,528
Interest rate exchange agreement	10,442			12,948
Other	(90		)	2,800
Total gross deferred tax (liabilities)	(145,494		)	(107,037		)
Capital loss valuation allowance	(18,668		)	—
Total deferred tax (liabilities), net of valuation allowances	$	(164,162	)	$	(107,037	)

Schedule of Deferred Tax Assets (Liabilities) Recognized In Balance Sheets

The deferred tax assets and liabilities recognized in the Company’s Consolidated Balance Sheets as of December 31, 2016 and 2015 were:



	2016			2015
	(In thousands)
Noncurrent deferred tax asset — Other noncurrent assets	$	2,265		$	3,446
Noncurrent deferred tax liabilities — Deferred income taxes	(166,427		)	(110,483		)
Net deferred tax liabilities	$	(164,162	)	$	(107,037	)

Schedule of Effective Income Tax Rate Reconciliation



	2016			2015			2014
	(In thousands)
Pretax income	$	368,512		$	392,345		$	392,440
Provision for income taxes
Computed amount at statutory rate of 35%	$	128,979		$	137,321		$	137,354
State and local income tax (net of federal tax benefit)	4,070			5,033			4,875
Taxes on non-U.S. earnings-net of foreign tax credits	(6,666		)	(11,663		)	(9,378		)
Effect of flow-through entities	(8,735		)	(8,358		)	(9,018		)
U.S. business tax credits	(1,665		)	(1,273		)	(1,680		)
Domestic activities production deduction	(9,043		)	(6,521		)	(7,489		)
Deferred tax effect of foreign tax rate change	—			(2,636		)	—
Capital loss on divestitures	(23,444		)	—			—
Valuation allowance	17,973			—			—
Share-based payments	(6,520		)	—			—
Other	2,454			(2,365		)	(1,610		)
Total provision for income taxes	$	97,403		$	109,538		$	113,054

Schedule of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits for 2016, 2015 and 2014 is as follows:



	2016			2015			2014
	(In thousands)
Beginning balance January 1	$	7,228		$	3,619		$	5,124
Gross increase due to non-U.S. acquisitions	—			3,772			—
Gross increases for tax positions of prior years	201			1,256			834
Gross decreases for tax positions of prior years	(93		)	—			(51		)
Settlements	(2,014		)	(667		)	(2,057		)
Lapse of statute of limitations	(1,547		)	(752		)	(231		)
Ending balance December 31	$	3,775		$	7,228		$	3,619

Business Segments and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Schedule of Information On Company's Business Segments



	2016			2015			2014
	(In thousands)
NET SALES
Fluid & Metering Technologies
External customers	$	848,708		$	859,945		$	898,530
Intersegment sales	393			847			1,058
Total segment sales	849,101			860,792			899,588
Health & Science Technologies
External customers	744,380			737,011			747,186
Intersegment sales	429			1,985			4,835
Total segment sales	744,809			738,996			752,021
Fire & Safety/Diversified Products
External customers	519,955			423,712			502,051
Intersegment sales	54			203			698
Total segment sales	520,009			423,915			502,749
Intersegment eliminations	(876		)	(3,035		)	(6,591		)
Total net sales	$	2,113,043		$	2,020,668		$	2,147,767
OPERATING INCOME (LOSS) ⁽¹⁾
Fluid & Metering Technologies	$	214,242		$	204,506		$	216,886
Health & Science Technologies	153,722			157,948			152,999
Fire & Safety/Diversified Products	121,888			115,745			130,494
Corporate office ⁽²⁾	(84,051		)	(46,461		)	(69,155		)
Total operating income	405,801			431,738			431,224
Interest expense	45,616			41,636			41,895
Other (income) expense - net	(8,327		)	(2,243		)	(3,111		)
Income before taxes	$	368,512		$	392,345		$	392,440



	2016		2015		2014
	(In thousands)
ASSETS
Fluid & Metering Technologies	$	1,065,670	$	1,125,266	$	1,026,238
Health & Science Technologies	1,266,036		1,108,302		1,101,155
Fire & Safety/Diversified Products	705,735		448,867		510,841
Corporate office ⁽³⁾	117,503		123,008		265,229
Total assets	$	3,154,944	$	2,805,443	$	2,903,463
DEPRECIATION AND AMORTIZATION ⁽⁴⁾
Fluid & Metering Technologies	$	28,458	$	27,662	$	26,453
Health & Science Technologies	45,298		42,827		42,478
Fire & Safety/Diversified Products	11,956		6,051		6,583
Corporate office and other	1,180		1,580		1,393
Total depreciation and amortization	$	86,892	$	78,120	$	76,907
CAPITAL EXPENDITURES
Fluid & Metering Technologies	$	16,389	$	22,846	$	18,215
Health & Science Technologies	15,665		13,104		19,161
Fire & Safety/Diversified Products	5,945		5,804		6,761
Corporate office and other	243		2,022		3,860
Total capital expenditures	$	38,242	$	43,776	$	47,997


(1)	Segment operating income (loss) excludes net unallocated corporate operating expenses.


(2)	2016 includes a $22.3 million loss on the sale of businesses - net and 2015 includes an $18.1 million gain on the sale of a business.


(3)	2014 balance has been reclassified to conform to the current presentation for ASU 2015-03.


(4)	Excludes amortization of debt issuance expenses.

Schedule of Sales From External Customers and Long-Lived Assets



	2016		2015		2014
	(In thousands)
NET SALES
U.S.	$	1,067,333	$	1,015,277	$	1,068,758
North America, excluding U.S.	84,836		85,852		95,917
Europe	517,179		490,435		527,975
Asia	340,624		325,507		337,668
Other	103,071		103,597		117,449
Total net sales	$	2,113,043	$	2,020,668	$	2,147,767
LONG-LIVED ASSETS — PROPERTY, PLANT AND EQUIPMENT
U.S.	$	152,504	$	144,508	$	139,702
North America, excluding U.S.	1,533		643		814
Europe	71,681		69,082		54,088
Asia	21,793		26,498		24,912
Other	305		214		27
Total long-lived assets — net	$	247,816	$	240,945	$	219,543

Restructuring (Tables)

12 Months Ended

Dec. 31, 2016

Restructuring and Related Activities [Abstract]

Schedule of Pre-Tax Restructuring Expenses By Segment

Pre-tax restructuring expenses by segment for 2014 were as follows:



	Severance Costs		Exit Costs and Asset Impairments		Total
	(In thousands)
Fluid & Metering Technologies	$	6,413	$	—	$	6,413
Health & Science Technologies	3,520		1,392		4,912
Fire & Safety/Diversified Products	908		126		1,034
Corporate/Other	1,313		—		1,313
Total restructuring costs	$	12,154	$	1,518	$	13,672

Pre-tax restructuring expenses, comprised solely of severance costs, by segment for 2015 are as follows:



	Total Restructuring Costs
	(In thousands)
Fluid & Metering Technologies	$	7,090
Health & Science Technologies	3,408
Fire & Safety/Diversified Products	576
Corporate/Other	165
Total restructuring costs	$	11,239

Pre-tax restructuring expenses, comprised solely of severance costs, by segment for 2016 are as follows:



	Total Restructuring Costs
	(In thousands)
Fluid & Metering Technologies	$	932
Health & Science Technologies	1,117
Fire & Safety/Diversified Products	1,425
Corporate/Other	200
Total restructuring costs	$	3,674

Schedule of Restructuring Accruals Expenses

Restructuring accruals of $3.9 million and $6.6 million at December 31, 2016 and 2015, respectively, are reflected in Accrued expenses in our Consolidated Balance Sheets as follows:



	Restructuring Initiatives
	(In thousands)
Balance at January 1, 2015	$	6,056
Restructuring expenses	11,239
Payments, utilization and other	(10,659		)
Balance at December 31, 2015	6,636
Restructuring expenses	3,674
Payments, utilization and other	(6,417		)
Balance at December 31, 2016	$	3,893

Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2016

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Weighted Average Option Fair Values and Assumptions

Weighted average option fair values and assumptions for the period are as follows:



	Years Ended December 31,
	2016	2015	2014
Weighted average fair value of grants	$18.56	$20.32	$19.52
Dividend yield	1.69%	1.45%	1.27%
Volatility	29.70%	29.90%	30.36%
Risk-free interest rate	0.53% - 2.49%	0.24% - 2.82%	0.12% - 4.65%
Expected life (in years)	5.91	5.93	5.89

Schedule of Stock Option Activity

A summary of the Company’s stock option activity as of December 31, 2016, and changes during the year ended December 31, 2016 is presented as follows:



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	570,250		75.35
Exercised	(675,525	)	44.44
Forfeited/Expired	(173,212	)	72.30
Outstanding at December 31, 2016	1,987,946		$	61.83	6.84	$	56,144,876
Vested and expected to vest at December 31, 2016	1,884,401		$	61.06	6.74	$	54,671,036
Exercisable at December 31, 2016	945,265		$	48.53	5.17	$	39,252,480

Schedule of Compensation Cost for Stock Options

Total compensation cost for stock options is recorded in the Consolidated Statements of Operations as follows:



	Years Ended December 31,
	2016			2015			2014
	(In thousands)
Cost of goods sold	$	427		$	543		$	581
Selling, general and administrative expenses	6,561			6,488			6,245
Total expense before income taxes	6,988			7,031			6,826
Income tax benefit	(2,213		)	(2,208		)	(2,194		)
Total expense after income taxes	$	4,775		$	4,823		$	4,632

Schedule of Restricted Stock Activity

A summary of the Company’s restricted stock activity as of December 31, 2016, and changes during the year ending December 31, 2016 is as follows:



Restricted Stock	Shares		Weighted-Average Grant Date Fair Value
Unvested at January 1, 2016	272,755		$	65.90
Granted	76,970		78.86
Vested	(105,382	)	51.90
Forfeited	(26,445	)	74.61
Unvested at December 31, 2016	217,898		$	76.19

Schedule of Compensation Cost for Restricted Stock

Total compensation cost for restricted stock is recorded in the Consolidated Statements of Operations as follows:



	Years Ended December 31,
	2016			2015			2014
	(In thousands)
Cost of goods sold	$	390		$	341		$	369
Selling, general and administrative expenses	4,401			5,213			6,182
Total expense before income taxes	4,791			5,554			6,551
Income tax benefit	(1,410		)	(1,604		)	(1,630		)
Total expense after income taxes	$	3,381		$	3,950		$	4,921

Schedule of Unvested Cash-settled Restricted Stock Activity

A summary of the Company’s unvested cash-settled restricted stock activity as of December 31, 2016, and changes during the year ending December 31, 2016 is as follows:



Cash-Settled Restricted Stock	Shares		Weighted-Average Fair Value
Unvested at January 1, 2016	110,860		$	76.61
Granted	41,060		90.06
Vested	(36,660	)	72.91
Forfeited	(11,470	)	90.06
Unvested at December 31, 2016	103,790		$	90.06

Schedule of Compensation Cost for Unvested Cash-settled Restricted Stock

Total compensation cost for cash-settled restricted stock is recorded in the Consolidated Statements of Operations as follows:



	Years Ended December 31,
	2016			2015			2014
	(In thousands)
Cost of goods sold	$	764		$	753		$	1,384
Selling, general and administrative expenses	2,224			1,765			2,735
Total expense before income taxes	2,988			2,518			4,119
Income tax benefit	(419		)	(355		)	(603		)
Total expense after income taxes	$	2,569		$	2,163		$	3,516

Schedule of Weighted Average Performance Share Units Fair Values and Assumptions

Weighted average performance share unit fair values and assumptions for the period specified are as follows:



	Years Ended December 31,
	2016	2015	2014
Weighted average fair value of grants	$111.42	$95.07	$94.55
Dividend yield	—%	—%	—%
Volatility	17.99%	19.14%	26.41%
Risk-free interest rate	0.89%	1.01%	0.65%
Expected life (in years)	2.86	2.86	2.88

Schedule of Performance Shares Units Activity

A summary of the Company’s performance share unit activity as of December 31, 2016, and changes during the year ending December 31, 2016 is as follows:



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	(63,325	)	94.55
Forfeited	(31,025	)	99.52
Unvested at December 31, 2016	137,055		$	104.18

Performance Shares Units

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

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

Total compensation cost for performance share units is as follows:



	Years Ended December 31,
	2016			2015			2014
	(In thousands)
Cost of goods sold	$	—		$	—		$	—
Selling, general and administrative expenses	5,559			4,946			3,220
Total expense before income taxes	5,559			4,946			3,220
Income tax benefit	(1,859		)	(1,670		)	(1,081		)
Total expense after income taxes	$	3,700		$	3,276		$	2,139

Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

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



	For the Year Ended December 31, 2016									For the Year Ended December 31, 2015
	Pre-tax			Tax			Net of tax			Pre-tax			Tax			Net of tax
	(In thousands)
Foreign currency translation adjustments
Cumulative translation adjustment	$	(76,822	)	$	—		$	(76,822	)	$	(63,441	)	$	—		$	(63,441	)
Reclassification of foreign currency translation to earnings upon sale of business	14,257			—			14,257			(4,725		)	—			(4,725		)
Foreign currency translation adjustments	(62,565		)	—			(62,565		)	(68,166		)	—			(68,166		)
Pension and other postretirement adjustments
Net gain (loss) arising during the year	(1,927		)	789			(1,138		)	8,318			(2,411		)	5,907
Amortization/recognition of settlement loss	7,083			(2,896		)	4,187			4,939			(1,431		)	3,508
Pension and other postretirement adjustments	5,156			(2,107		)	3,049			13,257			(3,842		)	9,415
Reclassification adjustments for derivatives	6,851			(2,490		)	4,361			7,030			(2,499		)	4,531
Total other comprehensive income (loss)	$	(50,558	)	$	(4,597	)	$	(55,155	)	$	(47,879	)	$	(6,341	)	$	(54,220	)



	For the Year Ended December 31, 2014
	Pre-tax			Tax			Net of tax
	(In thousands)
Foreign currency translation adjustments
Cumulative translation adjustment	$	(77,024	)	$	—		$	(77,024	)
Pension and other postretirement adjustments
Net gain (loss) arising during the year	(26,424		)	7,767			(18,657		)
Amortization/recognition of settlement loss	3,113			(915		)	2,198
Pension and other postretirement adjustments, net	(23,311		)	6,852			(16,459		)
Reclassification adjustments for derivatives	7,223			(2,713		)	4,510
Total other comprehensive income (loss)	$	(93,112	)	$	4,139		$	(88,973	)

Reclassification out of Accumulated Other Comprehensive Income

Amounts reclassified from accumulated other comprehensive income (loss) to net income are summarized as follows:



	For the Years Ended December 31,
	2016			2015			2014			Income Statement Caption
Foreign currency translation:
Reclassification upon sale of business	$	14,257		$	(4,725	)	$	—		Loss (gain) on sale of businesses - net
Total before tax	14,257			(4,725		)	—
Provision for income taxes	—			—			—
Total net of tax	$	14,257		$	(4,725	)	$	—
Pension and other postretirement plans:
Amortization of service cost	$	7,083		$	4,939		$	3,113		Selling, general and administrative expense
Total before tax	7,083			4,939			3,113
Provision for income taxes	(2,896		)	(1,431		)	(915		)
Total net of tax	$	4,187		$	3,508		$	2,198
Derivatives:
Reclassification adjustments	$	6,851		$	7,030		$	7,223		Interest expense
Total before tax	6,851			7,030			7,223
Provision for income taxes	(2,490		)	(2,499		)	(2,713		)
Total net of tax	$	4,361		$	4,531		$	4,510

Retirement Benefits (Tables)

12 Months Ended

Dec. 31, 2016

Defined Benefit Plan Disclosure [Line Items]

Reconciliation of Changes in Benefit Obligations and Fair Value of Plan Assets



	Pension Benefits												Other Benefits
	2016						2015						2016			2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
	(In thousands)
CHANGE IN BENEFIT OBLIGATION
Obligation at January 1	$	98,476		$	58,063		$	102,312		$	69,488		$	20,400		$	22,855
Service cost	1,016			1,627			1,279			1,506			601			673
Interest cost	3,043			1,429			3,770			1,734			811			833
Plan amendments	—			—			113			—			—			—
Benefits paid	(3,140		)	(2,023		)	(3,985		)	(2,448		)	(718		)	(622		)
Actuarial loss (gain)	1,987			6,844			(5,013		)	(6,909		)	(1,990		)	(2,966		)
Currency translation	—			(6,988		)	—			(5,308		)	52			(373		)
Settlements	(11,126		)	(819		)	—			—			—			—
Acquisition/Divestiture	—			29,491			—			—			5,480			—
Other	—			140			—			—			—			—
Obligation at December 31	$	90,256		$	87,764		$	98,476		$	58,063		$	24,636		$	20,400
CHANGE IN PLAN ASSETS
Fair value of plan assets at January 1	$	77,575		$	20,645		$	79,687		$	22,152		$	—		$	—
Actual return on plan assets	6,740			2,470			(2,587		)	205			—			—
Employer contributions	3,639			1,974			4,460			1,837			718			622
Benefits paid	(3,140		)	(2,023		)	(3,985		)	(2,448		)	(718		)	(622		)
Currency translation	—			(4,108		)	—			(1,101		)	—			—
Settlements	(11,126		)	(819		)	—			—			—			—
Acquisition/Divestiture	—			14,307			—			—			—			—
Other	—			140			—			—			—			—
Fair value of plan assets at December 31	$	73,688		$	32,586		$	77,575		$	20,645		$	—		$	—
Funded status at December 31	$	(16,568	)	$	(55,178	)	$	(20,901	)	$	(37,418	)	$	(24,636	)	$	(20,400	)
COMPONENTS ON THE CONSOLIDATED BALANCE SHEETS
Current liabilities	$	(729	)	$	(1,005	)	$	(743	)	$	(875	)	$	(1,044	)	$	(911	)
Other noncurrent liabilities	(15,839		)	(54,173		)	(20,158		)	(36,543		)	(23,592		)	(19,489		)
Net liability at December 31	$	(16,568	)	$	(55,178	)	$	(20,901	)	$	(37,418	)	$	(24,636	)	$	(20,400	)

Weighted Average Assumptions Used in Measurement of Benefit Obligation

The weighted average assumptions used in the measurement of the Company’s benefit obligation at December 31, 2016 and 2015 were as follows:



	U.S. Plans				Non-U.S. Plans
	2016		2015		2016		2015
Discount rate	3.91	%	4.12	%	1.76	%	2.99	%
Rate of compensation increase	4.00	%	4.00	%	2.29	%	2.98	%

Pretax Amounts Recognized in Accumulated Other Comprehensive Income (Loss)

The pretax amounts recognized in Accumulated other comprehensive income (loss) on the Consolidated Balance Sheets as of December 31, 2016 and 2015 were as follows:



	Pension Benefits										Other Benefits
	2016					2015					2016			2015
	U.S.		Non-U.S.			U.S.		Non-U.S
	(In thousands)
Prior service cost (credit)	$	110	$	(77	)	$	135	$	(38	)	$	(849	)	$	(1,215	)
Net loss	27,860		(17,643		)	33,461		15,330			(3,852		)	(2,197		)
Total	$	27,970	$	(17,720	)	$	33,596	$	15,292		$	(4,701	)	$	(3,412	)

Amounts in Accumulated Other Comprehensive Income (Loss) Expected to Be Recognized as Components of Net Periodic Benefit Cost During 2012



	U.S. Pension Benefit Plans		Non-U.S. Pension Benefit Plans		Other Benefit Plans			Total
	(In thousands)
Prior service cost (credit)	$	24	$	9	$	(366	)	$	(333	)
Net loss	2,542		1,493		(427		)	3,608
Total	$	2,566	$	1,502	$	(793	)	$	3,275

Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost of Plans



	U.S. Plans						Non-U.S. Plans
	2016		2015		2014		2016		2015		2014
Discount rate	4.12	%	3.78	%	4.61	%	2.99	%	2.66	%	4.03	%
Expected return on plan assets	6.50	%	6.50	%	7.00	%	4.58	%	5.19	%	5.83	%
Rate of compensation increase	4.00	%	4.00	%	4.00	%	2.98	%	3.00	%	3.14	%

Pension Plan Weighted Average Asset Allocations

The Company’s pension plan weighted average asset allocations at December 31, 2016 and 2015, by asset category, were as follows:



	U.S. Plans				Non-U.S. Plans
	2016		2015		2016		2015
Equity securities	44	%	49	%	24	%	36	%
Fixed income securities	43	%	49	%	26	%	44	%
Cash/Commingled Funds/Other ⁽¹⁾	13	%	2	%	50	%	20	%
Total	100	%	100	%	100	%	100	%

Summary of Basis Used to Measure Defined Benefit Plans' Assets at Fair Value

The basis used to measure the defined benefit plans’ assets at fair value at December 31, 2016 and 2015 is summarized as follows:



	Basis of Fair Value Measurement
	Outstanding Balances		Level 1		Level 2		Level 3
As of December 31, 2016	(In thousands)
Equity
U.S. Large Cap	$	15,345	$	15,345	$	—	$	—
U.S. Small / Mid Cap	8,920		7,111		1,809		—
International	16,282		10,647		5,635		—
Fixed Income
U.S. Intermediate	10,014		9,943		71		—
U.S. Short Duration	10,160		10,160		—		—
U.S. High Yield	9,343		7,924		1,419		—
International	10,310		3,627		6,683		—
Other Commingled Funds ⁽¹⁾	14,180		—		—		14,180
Cash and Equivalents	10,382		9,660		722		—
Other	1,338		—		1,338		—
	$	106,274	$	74,417	$	17,677	$	14,180

(1) Other commingled funds represent pooled institutional investments in non-U.S. plans.



	Basis of Fair Value Measurement
	Outstanding Balances		Level 1		Level 2		Level 3
As of December 31, 2015	(In thousands)
Equity
U.S. Large Cap	$	23,465	$	23,465	$	—	$	—
U.S. Small / Mid Cap	10,184		7,482		2,702		—
International	11,986		7,786		4,200		—
Fixed Income
U.S. Intermediate	15,000		15,000		—		—
U.S. Short Duration	8,935		8,935		—		—
U.S. High Yield	7,758		6,922		836		—
International	15,249		7,241		8,008		—
Cash and Equivalents	1,829		1,829		—		—
Other	3,836		—		3,836		—
	$	98,242	$	78,660	$	19,582	$	—

Net Periodic Benefit Cost

Defined Benefit Plan Disclosure [Line Items]

Pretax Amounts Recognized in Accumulated Other Comprehensive Income (Loss)

The pretax change recognized in Accumulated other comprehensive income (loss) on the Consolidated Balance Sheet in 2016 is as follows:



	Pension Benefits						Other Benefits
	U.S.			Non-U.S.
	(In thousands)
Net gain (loss) in current year	$	(23	)	$	(5,367	)	$	1,990
Prior service cost	—			—			—
Amortization of prior service cost (credit)	24			(15		)	(366		)
Amortization of net loss (gain)	6,541			1,239			(340		)
Exchange rate effect on amounts in OCI	—			1,468			5
Total	$	6,542		$	(2,675	)	$	1,289

Pension Plans

Defined Benefit Plan Disclosure [Line Items]

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

The components of, and the weighted average assumptions used to determine, the net periodic benefit cost for the plans in 2016, 2015 and 2014 are as follows:



	Pension Benefits
	2016						2015						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
	(In thousands)
Service cost	$	1,016		$	1,627		$	1,279		$	1,506		$	1,162		$	1,331
Interest cost	3,043			1,429			3,770			1,734			4,037			2,345
Expected return on plan assets	(4,777		)	(993		)	(4,910		)	(1,114		)	(5,430		)	(1,297		)
Settlement loss recognized	3,339			215			—			—			—			—
Net amortization	3,226			1,008			3,422			1,931			2,187			1,400
Net periodic benefit cost	$	5,847		$	3,286		$	3,561		$	4,057		$	1,956		$	3,779

Other Postretirement Benefit Plans

Defined Benefit Plan Disclosure [Line Items]

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



	Other Benefits
	2016			2015			2014
	(In thousands)
Service cost	$	601		$	673		$	714
Interest cost	811			833			932
Net amortization	(705		)	(414		)	(474		)
Net periodic benefit cost	$	707		$	1,092		$	1,172

Quarterly Results of Operations (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

Summarized Quarterly Results of Operations

The unaudited quarterly results of operations for the years ended December 31, 2016 and 2015 are as follows:



	2016 Quarters								2015 Quarters
	First		Second		Third		Fourth		First		Second		Third		Fourth
	(In thousands, except per share amounts)
Net sales	$	502,572	$	549,696	$	530,356	$	530,419	$	502,198	$	514,881	$	503,791	$	499,798
Gross profit	223,335		244,058		230,889		232,485		226,041		231,615		223,260		223,399
Operating income	102,557		112,976		108,857		81,411		101,757		109,909		121,813		98,259
Net income	68,130		75,759		69,873		57,347		65,954		69,585		79,505		67,763
Basic EPS	$	0.90	$	1.00	$	0.92	$	0.75	$	0.84	$	0.89	$	1.03	$	0.89
Diluted EPS	$	0.89	$	0.99	$	0.91	$	0.75	$	0.84	$	0.89	$	1.02	$	0.88
Basic weighted average shares outstanding	75,749		75,690		75,819		75,955		77,996		77,466		76,831		76,211
Diluted weighted average shares outstanding	76,699		76,674		76,880		76,806		78,856		78,297		77,646		77,091

(1) Quarterly data includes acquisition of Novotema (June 2015), Alfa Valvole (June 2015), CiDRA Precision Services (July 2015), Akron Brass (March 2016), AWG Fittings (July 2016) and SFC Koenig (September 2016) from the date of acquisition. Quarterly data also includes the results of Ismatec (July 2015), Hydra-Stop (July 2016), CVI Japan (September 2016), IETG (October 2016) and CVI Korea (December 2016) through the date of disposition.

Significant Accounting Policies - Additional Information (Details) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($) unit segment shares	Dec. 31, 2015 USD ($) shares	Dec. 31, 2014 USD ($) shares
Business Combination, Separately Recognized Transactions [Line Items]
Foreign currency transaction (gain) loss	$ (6,200)	$ (100)	$ 900
Number of reportable segments \| segment	3
Advertising costs	$ 15,300	16,100	14,500
Asset impairments	205	795	2,473
(Increase) decrease in income attributable to common shareholders	$ 500	$ 800	$ 1,300
Option to purchase common stock shares not included in the computation of diluted EPS (in shares) \| shares	900	900	500
Research and development expense	$ 39,400	$ 33,600	$ 36,800
Percentage of concentration risk	2.00%
Number of reporting units \| unit	13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Dilutive effect of stock options, restricted stock, performance share units and DCUs (in shares) \| shares	955	846	1,013
SFC-Koenig
Business Combination, Separately Recognized Transactions [Line Items]
Foreign currency transaction (gain) loss	$ 4,700
Accounting Standards Update 2016-09 [Member] \| New Accounting Pronouncement, Early Adoption, Effect
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Excess tax benefit, amount	$ 6,800
Dilutive effect of stock options, restricted stock, performance share units and DCUs (in shares) \| shares	127

Significant Accounting Policies - Schedule of Basic Weighted Average Shares Reconciles to Diluted Weighted Average Shares Outstanding (Details) - shares shares in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accounting Policies [Abstract]
Basic weighted average common shares outstanding (in shares)	75,955	75,819	75,690	75,749	76,211	76,831	77,466	77,996	75,803	77,126	79,715
Dilutive effect of stock options, restricted stock, performance share units and DCUs (in shares)									955	846	1,013
Diluted weighted average common shares outstanding (in shares)	76,806	76,880	76,674	76,699	77,091	77,646	78,297	78,856	76,758	77,972	80,728

Significant Accounting Policies - Property And Equipment at Cost Depreciation and Amortization Estimated Useful Lives (Details)	12 Months Ended
	Dec. 31, 2016
Land improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	8 years
Land improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	12 years
Buildings and improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	8 years
Buildings and improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	30 years
Machinery, equipment and other \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Machinery, equipment and other \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	12 years
Office and transportation equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Office and transportation equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years

Significant Accounting Policies - Intangible Asset Depreciation and Amortization Estimated Useful Lives (Details)	12 Months Ended
	Dec. 31, 2016
Patents
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	11 years
Patents \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	5 years
Patents \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	17 years
Trade Names
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	16 years
Trade Names \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	10 years
Trade Names \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	20 years
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	12 years
Customer Relationships \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	6 years
Customer Relationships \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	20 years
Unpatented technology and other
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	12 years
Unpatented technology and other \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	6 years
Unpatented technology and other \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	20 years

Acquisitions and Divestitures - Additional Information (Details) $ in Thousands, € in Millions												3 Months Ended								6 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 ($)	Dec. 31, 2016 USD ($)	Sep. 30, 2016 USD ($)	Jun. 30, 2016 USD ($)	Mar. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Sep. 30, 2015 USD ($)	Jun. 30, 2015 USD ($)	Mar. 31, 2015 USD ($)	Jun. 30, 2016 USD ($)	Dec. 31, 2016 USD ($)	Jun. 30, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Apr. 28, 2014 USD ($)
Business Acquisition [Line Items]
Revenues												$ 530,419	$ 530,356	$ 549,696	$ 502,572	$ 499,798	$ 503,791	$ 514,881	$ 502,198		$ 2,113,043		$ 2,020,668	$ 2,147,767
Goodwill		$ 290,393										$ 1,632,592				1,396,529					1,632,592		1,396,529	1,321,277
Intangible assets		217,677
Contingent consideration for acquisition																					0		4,705	0
Assets acquired		510,001
Selling, general and administrative expenses
Business Acquisition [Line Items]
Acquisition related costs																					4,700		2,600	1,700
Cost of goods sold
Business Acquisition [Line Items]
Fair value of inventory charges associated with acquisitions																					14,700		3,400	$ 1,300
Akron Brass
Business Acquisition [Line Items]
Revenues																					120,000
Business combination, cash consideration paid					$ 221,400
Goodwill					124,643
Intangible assets					90,400
Indefinite-lived Intangible assets acquired					28,800
Assets acquired					$ 221,399
AWG Fittings
Business Acquisition [Line Items]
Revenues																					40,000
Business combination, cash consideration paid			€ 42.8	$ 47,500
Goodwill				22,031
Intangible assets				10,279
Assets acquired				$ 47,494
SFC-Koenig
Business Acquisition [Line Items]
Revenues																					$ 63,000
Business combination, cash consideration paid	€ 215.9	241,100
Goodwill		143,719
Intangible assets		116,998
Assets acquired		$ 241,108
Novotema
Business Acquisition [Line Items]
Business combination, cash consideration paid										€ 56.0	$ 61,100
Goodwill											34,316
Intangible assets											20,011					20,000							20,000
Assets acquired											$ 61,098
Alfa Valvole
Business Acquisition [Line Items]
Business combination, cash consideration paid								€ 99.8	$ 112,600
Goodwill									69,568
Intangible assets									32,058							32,100							32,100
Assets acquired									$ 112,590
CPS
Business Acquisition [Line Items]
Business combination, cash consideration paid							$ 19,500
Goodwill							9,739
Intangible assets							12,290									$ 12,300							$ 12,300
Aggregate purchase price							24,200
Business combination, range of outcomes, value, high							4,700
Assets acquired							24,180
CPS \| Minimum
Business Acquisition [Line Items]
Contingent consideration for acquisition							0
CPS \| Maximum
Business Acquisition [Line Items]
Contingent consideration for acquisition							$ 5,500
CPS \| Selling, general and administrative expenses
Business Acquisition [Line Items]
Change in amount of contingent consideration, liability														$ 1,000	$ 3,700					$ 4,700		$ 4,700
Complementary Product Line
Business Acquisition [Line Items]
Goodwill						$ 700
Aggregate purchase price						$ 1,900
Aegis
Business Acquisition [Line Items]
Goodwill																									$ 7,711
Intangible assets																									8,770
Assets acquired																									25,445
Goodwill, deductible for tax purposes																									$ 7,700

Acquisitions and Divestitures - Allocation of Acquisition Costs to Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Aug. 31, 2016	Jul. 01, 2016	Mar. 16, 2016	Dec. 31, 2015	Jul. 01, 2015	Jun. 10, 2015	May 29, 2015	Dec. 31, 2014	Apr. 28, 2014
Business Acquisition [Line Items]
Accounts receivable		$ 29,900
Inventory		62,170
Other current assets, net of cash acquired		5,512
Property, plant and equipment		24,167
Goodwill	$ 1,632,592	290,393			$ 1,396,529				$ 1,321,277
Intangible assets		217,677
Deferred income taxes		3,515
Total assets acquired		633,334
Current liabilities		(22,186)
Deferred income taxes		(77,809)
Other noncurrent liabilities		(23,338)
Net assets acquired		510,001
Akron Brass
Business Acquisition [Line Items]
Accounts receivable				$ 14,523
Inventory				29,157
Other current assets, net of cash acquired				446
Property, plant and equipment				12,195
Goodwill				124,643
Intangible assets				90,400
Deferred income taxes				0
Total assets acquired				271,364
Current liabilities				(7,081)
Deferred income taxes				(36,439)
Other noncurrent liabilities				(6,445)
Net assets acquired				$ 221,399
AWG Fittings
Business Acquisition [Line Items]
Accounts receivable			$ 5,952
Inventory			11,766
Other current assets, net of cash acquired			565
Property, plant and equipment			6,847
Goodwill			22,031
Intangible assets			10,279
Deferred income taxes			3,515
Total assets acquired			60,955
Current liabilities			(5,017)
Deferred income taxes			0
Other noncurrent liabilities			(8,444)
Net assets acquired			$ 47,494
SFC-Koenig
Business Acquisition [Line Items]
Accounts receivable		9,425
Inventory		21,247
Other current assets, net of cash acquired		4,501
Property, plant and equipment		5,125
Goodwill		143,719
Intangible assets		116,998
Deferred income taxes		0
Total assets acquired		301,015
Current liabilities		(10,088)
Deferred income taxes		(41,370)
Other noncurrent liabilities		(8,449)
Net assets acquired		$ 241,108
Novotema
Business Acquisition [Line Items]
Accounts receivable								$ 8,029
Inventory								2,886
Other current assets, net of cash acquired								1,866
Property, plant and equipment								11,844
Goodwill								34,316
Intangible assets					20,000			20,011
Total assets acquired								78,952
Current liabilities								(7,760)
Deferred income taxes								(7,803)
Other noncurrent liabilities								(2,291)
Net assets acquired								$ 61,098
Alfa Valvole
Business Acquisition [Line Items]
Accounts receivable							$ 13,487
Inventory							11,036
Other current assets, net of cash acquired							3,367
Property, plant and equipment							8,395
Goodwill							69,568
Intangible assets					32,100		32,058
Total assets acquired							137,911
Current liabilities							(11,279)
Deferred income taxes							(12,622)
Other noncurrent liabilities							(1,420)
Net assets acquired							$ 112,590
CPS
Business Acquisition [Line Items]
Accounts receivable						$ 945
Inventory						442
Other current assets, net of cash acquired						79
Property, plant and equipment						1,105
Goodwill						9,739
Intangible assets					12,300	12,290
Total assets acquired						24,600
Current liabilities						(420)
Deferred income taxes						0
Other noncurrent liabilities						0
Net assets acquired						$ 24,180
Other
Business Acquisition [Line Items]
Accounts receivable					0
Inventory					1,102
Other current assets, net of cash acquired					0
Property, plant and equipment					0
Goodwill					748
Intangible assets					0
Total assets acquired					1,850
Current liabilities					0
Deferred income taxes					0
Other noncurrent liabilities					0
Net assets acquired					1,850
Acquisitions in 2015
Business Acquisition [Line Items]
Accounts receivable					22,461
Inventory					15,466
Other current assets, net of cash acquired					5,312
Property, plant and equipment					21,344
Goodwill					114,371
Intangible assets					64,359
Total assets acquired					243,313
Current liabilities					(19,459)
Deferred income taxes					(20,425)
Other noncurrent liabilities					(3,711)
Net assets acquired					$ 199,718
Aegis
Business Acquisition [Line Items]
Accounts receivable										$ 1,147
Inventory										6,230
Other current assets, net of cash acquired										232
Property, plant and equipment										2,988
Goodwill										7,711
Intangible assets										8,770
Total assets acquired										27,078
Current liabilities										(1,633)
Net assets acquired										$ 25,445

Acquisitions and Divestitures - Acquired Intangible Assets and Weighted Average Amortization Periods (Details) - USD ($) $ in Thousands			12 Months Ended
	Mar. 16, 2016	Apr. 28, 2014	Dec. 31, 2015
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized intangible assets			$ 64,359
Trade Names
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized intangible assets			$ 9,247
Weighted Average Life			15 years
Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized intangible assets			$ 44,401
Weighted Average Life			12 years
Unpatented technology
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized intangible assets			$ 10,711
Weighted Average Life			8 years
Akron Brass
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized intangible assets	$ 188,877
Indefinite lived	28,800
Total acquired intangible assets	217,677
Akron Brass \| Trade Names
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized intangible assets	$ 14,078
Weighted Average Life	15 years
Akron Brass \| Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized intangible assets	$ 134,519
Weighted Average Life	13 years
Akron Brass \| Unpatented technology
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized intangible assets	$ 40,280
Weighted Average Life	13 years
Aegis
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized intangible assets		$ 8,770
Aegis \| Trade Names
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized intangible assets		$ 3,304
Weighted Average Life		15 years
Aegis \| Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized intangible assets		$ 4,393
Weighted Average Life		14 years
Aegis \| Unpatented technology
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized intangible assets		$ 1,073
Weighted Average Life		8 years

Acquisitions and Divestitures - Divestitures (Details) - USD ($) $ in Thousands						3 Months Ended								7 Months Ended		8 Months Ended	9 Months Ended	12 Months Ended
	Dec. 30, 2016	Oct. 10, 2016	Sep. 09, 2016	Jul. 29, 2016	Jul. 31, 2015	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Jul. 29, 2016	Jul. 31, 2015	Sep. 09, 2016	Oct. 10, 2016	Dec. 31, 2016	Dec. 30, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of businesses, net of cash sold																		$ 39,064		$ 27,677	$ 0
Income tax expense (benefit)																		97,403		109,538	113,054
Revenues						$ 530,419	$ 530,356	$ 549,696	$ 502,572	$ 499,798	$ 503,791	$ 514,881	$ 502,198					2,113,043		$ 2,020,668	$ 2,147,767
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] \| Hydra-Stop
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of businesses, net of cash sold				$ 15,000
Pre-tax gain (loss) on the sale				5,800
Additional proceeds from disposition of business				$ 2,000
Income tax expense (benefit)																		2,800
Revenues														$ 7,500
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] \| Melles Griot KK
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of businesses, net of cash sold			$ 17,500
Pre-tax gain (loss) on the sale			$ (7,900)
Income tax expense (benefit)																		(3,400)
Revenues																$ 13,100
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] \| IETG and 40Seven
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of businesses, net of cash sold		$ 2,700
Pre-tax gain (loss) on the sale		$ (4,200)
Revenues																	$ 8,300
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] \| CVI Korea
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of businesses, net of cash sold	$ 3,800
Pre-tax gain (loss) on the sale	$ (16,000)
Income tax expense (benefit)																		(9,100)
Revenues																			$ 11,700
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] \| Ismatec Product Line
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of businesses, net of cash sold					$ 27,700
Pre-tax gain (loss) on the sale					$ 18,100
Income tax expense (benefit)																		$ 4,800
Revenues															$ 5,300

Balance Sheet Components - Components (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
RECEIVABLES
Customers	$ 275,250	$ 262,304
Other	5,641	5,508
Total	280,891	267,812
Less allowance for doubtful accounts	8,078	7,812
Total receivables — net	272,813	260,000
INVENTORIES
Raw materials and components parts	154,278	141,671
Work in process	34,832	32,387
Finished goods	63,749	65,066
Total	252,859	239,124
PROPERTY, PLANT AND EQUIPMENT
Land and improvements	33,883	34,343
Buildings and improvements	169,261	157,946
Machinery, equipment and other	328,779	331,146
Office and transportation equipment	98,355	97,250
Construction in progress	10,373	13,377
Total	640,651	634,062
Less accumulated depreciation and amortization	392,835	393,117
Total property, plant and equipment — net	247,816	240,945
ACCRUED EXPENSES
Payroll and related items	67,600	67,209
Management incentive compensation	16,339	12,599
Income taxes payable	8,808	3,836
Insurance	9,416	9,505
Warranty	5,628	7,936
Deferred revenue	12,607	9,885
Restructuring	3,893	6,636
Liability for uncertain tax positions	1,366	3,498
Accrued interest	1,663	1,230
Contingent consideration for acquisition	0	4,705
Other	25,532	26,633
Total accrued expenses	152,852	153,672
OTHER NONCURRENT LIABILITIES
Pension and retiree medical obligations	93,604	76,190
Liability for uncertain tax positions	2,623	4,252
Deferred revenue	2,442	3,763
Other	22,561	18,160
Total other noncurrent liabilities	$ 121,230	$ 102,365

Balance Sheet Components - Valuation And Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning balance January 1	$ 7,812	$ 6,961	$ 5,841
Charged to costs and expenses, net of recoveries	1,425	1,556	2,643
Utilization	(1,585)	(1,009)	(1,195)
Currency translation and other	426	304	(328)
Ending balance December 31	$ 8,078	$ 7,812	$ 6,961

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Oct. 31, 2015
Goodwill and Intangible Assets Disclosure [Line Items]
Amortization of intangible assets	$ 49,038	$ 42,426	$ 43,187
Expected amortization expense, 2017	44,800
Expected amortization expense, 2018	36,500
Expected amortization expense, 2019	33,100
Expected amortization expense, 2020	31,700
Expected amortization expense, 2021	$ 30,800
Banjo Trade Name
Goodwill and Intangible Assets Disclosure [Line Items]
Reporting unit, percentage of fair value in excess of carrying amount				25.00%

Goodwill and Intangible Assets - Schedule of Changes in Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Line Items]
Goodwill			$ 1,521,908
Accumulated goodwill impairment losses			(200,631)
Goodwill
Beginning Balance	$ 1,396,529	$ 1,321,277
Foreign currency translation	(37,482)	(29,982)
Acquisitions	290,393	115,447
Disposition of businesses	(15,772)	(10,213)
Acquisition adjustments	(1,076)
Ending Balance	1,632,592	1,396,529
Fluid & Metering Technologies
Goodwill and Intangible Assets Disclosure [Line Items]
Goodwill			544,870
Accumulated goodwill impairment losses			(20,721)
Goodwill
Beginning Balance	584,770	524,149
Foreign currency translation	(5,951)	(11,318)
Acquisitions	0	71,939
Disposition of businesses	(3,759)	0
Acquisition adjustments	(1,623)
Ending Balance	573,437	584,770
Health & Science Technologies
Goodwill and Intangible Assets Disclosure [Line Items]
Goodwill			713,285
Accumulated goodwill impairment losses			(149,820)
Goodwill
Beginning Balance	590,605	563,465
Foreign currency translation	(23,559)	(6,155)
Acquisitions	143,719	43,508
Disposition of businesses	(12,013)	(10,213)
Acquisition adjustments	547
Ending Balance	699,299	590,605
Fire & Safety/Diversified Products
Goodwill and Intangible Assets Disclosure [Line Items]
Goodwill			263,753
Accumulated goodwill impairment losses			$ (30,090)
Goodwill
Beginning Balance	221,154	233,663
Foreign currency translation	(7,972)	(12,509)
Acquisitions	146,674	0
Disposition of businesses	0	0
Acquisition adjustments	0
Ending Balance	$ 359,856	$ 221,154

Goodwill and Intangible Assets - Schedule of Gross Carrying Value and Accumulated Amortization for Each Major Class of Intangible Asset (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Goodwill And Intangible Assets [Line Items]
Amortized intangible assets - Gross Carrying Amount	$ 605,645	$ 463,841
Intangible assets - Gross Carrying Amount	696,545	525,941
Amortized intangible assets - Accumulated Amortization	(261,041)	(238,104)
Amortized intangible assets - Net	344,604	225,737
Intangible assets - Net	435,504	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 [Member]
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	9,856	10,202
Amortized intangible assets - Accumulated Amortization	(6,635)	(6,175)
Amortized intangible assets - Net	$ 3,221	4,027
Amortized intangible assets - Weighted Average Life	11 years
Trade Names
Goodwill And Intangible Assets [Line Items]
Amortized intangible assets - Gross Carrying Amount	$ 113,428	110,658
Amortized intangible assets - Accumulated Amortization	(42,653)	(38,696)
Amortized intangible assets - Net	$ 70,775	71,962
Amortized intangible assets - Weighted Average Life	16 years
Customer Relationships
Goodwill And Intangible Assets [Line Items]
Amortized intangible assets - Gross Carrying Amount	$ 369,087	257,071
Amortized intangible assets - Accumulated Amortization	(161,065)	(144,134)
Amortized intangible assets - Net	$ 208,022	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 and other
Goodwill And Intangible Assets [Line Items]
Amortized intangible assets - Gross Carrying Amount	$ 106,747	78,562
Amortized intangible assets - Accumulated Amortization	(44,516)	(42,745)
Amortized intangible assets - Net	$ 62,231	35,817
Amortized intangible assets - Weighted Average Life	12 years
Other Amortizable Intangible Assets
Goodwill And Intangible Assets [Line Items]
Amortized intangible assets - Gross Carrying Amount	$ 6,527	6,554
Amortized intangible assets - Accumulated Amortization	(6,172)	(5,579)
Amortized intangible assets - Net	$ 355	$ 975
Amortized intangible assets - Weighted Average Life	10 years

Borrowings - Additional Information (Details)		1 Months Ended		12 Months Ended
Borrowings - Additional Information (Details)	Jun. 23, 2015 USD ($)	Dec. 31, 2011 USD ($)	Dec. 31, 2010 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Sep. 30, 2016	Jun. 13, 2016 USD ($)	Dec. 09, 2011 USD ($)	Dec. 06, 2010 USD ($)
Line of Credit Facility [Line Items]
Credit facility, term	5 years
Revolving facility expiration date				Jun. 23, 2020
Current borrowings under revolving facility				$ 169,579,000	$ 195,000,000
Long-term debt outstanding				$ 1,020,873,000	$ 847,436,000
Minimum
Line of Credit Facility [Line Items]
Required percent for prepayment amount of aggregate principal amount							5.00%
Line of Credit
Line of Credit Facility [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 700,000,000
Line of Credit Facility, Aggregate Lending Commitments	$ 350,000,000
Revolving facility, extension term	1 year
3.2% Senior Notes, due June 2023
Line of Credit Facility [Line Items]
Stated interest rate				3.20%
3.37% Senior Notes, due June 2025
Line of Credit Facility [Line Items]
Stated interest rate				3.37%
Revolving Credit Facility
Line of Credit Facility [Line Items]
Stated interest rate				1.50%
Applicable margin over LIBOR				1.10%
Basis spread on variable rate				0.20%
Outstanding letters of credit				$ 9,200,000
Revolving Facility, amount available to borrow				$ 521,200,000
Revolving Credit Facility \| Minimum
Line of Credit Facility [Line Items]
Applicable margin over LIBOR				0.005%
Interest coverage ratio				3.0
Revolving Credit Facility \| Maximum
Line of Credit Facility [Line Items]
Applicable margin over LIBOR				1.50%
Leverage ratio				3.50
4.2% Senior Notes, due December 2021
Line of Credit Facility [Line Items]
Stated interest rate				4.20%				4.20%
Principal amount of private placement		$ 350,000,000
Debt instrument maturity period		Dec. 15, 2021		Dec. 31, 2021	Dec. 31, 2021
Net proceeds from debt offering								$ 346,200,000
Debt offering initial discount								$ 900,000
Debt offering underwriting commission		$ 2,300,000
Estimated offering expenses		600,000
Contingent percentage of principal amount plus accrued and unpaid interest					101.00%
Outstanding repayment of indebtedness		$ 306,000,000
4.5% Senior Notes, due December 2020
Line of Credit Facility [Line Items]
Debt instrument face amount									$ 300,000,000.0
Stated interest rate				4.50%					4.50%
Debt instrument maturity period			Dec. 15, 2020	Dec. 31, 2020	Dec. 31, 2020
Net proceeds from debt offering									$ 295,700,000
Debt offering initial discount									$ 1,600,000
Debt offering underwriting commission			$ 1,900,000
Estimated offering expenses			$ 800,000
Contingent percentage of principal amount plus accrued and unpaid interest			101.00%
Outstanding repayment of indebtedness			$ 250,000,000
Senior Notes \| Maximum
Line of Credit Facility [Line Items]
Limitation of outstanding principal of higher preference debt as percent of consolidated assets						15.00%
Senior Notes \| 3.2% Senior Notes, due June 2023
Line of Credit Facility [Line Items]
Debt instrument face amount							$ 100,000,000
Stated interest rate							3.20%
Long-term debt outstanding				$ 100,000,000	$ 0
Senior Notes \| 3.37% Senior Notes, due June 2025
Line of Credit Facility [Line Items]
Debt instrument face amount							$ 100,000,000
Stated interest rate							3.37%
Long-term debt outstanding				100,000,000	0
Senior Notes \| 4.2% Senior Notes, due December 2021
Line of Credit Facility [Line Items]
Long-term debt outstanding				350,000,000	350,000,000
Senior Notes \| 4.5% Senior Notes, due December 2020
Line of Credit Facility [Line Items]
Long-term debt outstanding				300,000,000	300,000,000
Letters Of Credit \| Line of Credit
Line of Credit Facility [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 75,000,000
Swing line Loans \| Line of Credit
Line of Credit Facility [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 50,000,000
Other Borrowings
Line of Credit Facility [Line Items]
Other borrowings				$ 1,294,000	$ 2,436,000
Other Borrowings \| Minimum
Line of Credit Facility [Line Items]
Stated interest rate				1.00%
Other Borrowings \| Maximum
Line of Credit Facility [Line Items]
Stated interest rate				2.80%

Borrowings - Schedule of Borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Revolving Facility	$ 169,579	$ 195,000
Total borrowings	1,020,873	847,436
Less current portion	1,046	1,087
Less deferred debt issuance costs	4,399	5,203
Less unaccreted debt discount	1,193	1,439
Long-term borrowings	1,014,235	839,707
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	$ 1,294	$ 2,436

Borrowings - Schedule of Borrowings (Schedule of Debt, Narrative) (Details)	1 Months Ended		12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2016	Dec. 31, 2015	Dec. 09, 2011	Dec. 06, 2010
4.2% Senior Notes, due December 2021
Debt Instrument [Line Items]
Stated interest rate			4.20%		4.20%
Senior Notes, maturity date	Dec. 15, 2021		Dec. 31, 2021	Dec. 31, 2021
4.5% Senior Notes, due December 2020
Debt Instrument [Line Items]
Stated interest rate			4.50%			4.50%
Senior Notes, maturity date		Dec. 15, 2020	Dec. 31, 2020	Dec. 31, 2020

Borrowings - Schedule of Maturities of Borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
2017	$ 1,046
2018	239
2019	9
2020	469,579
2021	350,000
Thereafter	200,000
Total borrowings	$ 1,020,873	$ 847,436

Derivative Instruments (Details) - USD ($) $ in Thousands		1 Months Ended					12 Months Ended
Derivative Instruments (Details) - USD ($) $ in Thousands	Oct. 03, 2011	Dec. 31, 2011	Sep. 30, 2011	Jul. 31, 2011	Dec. 31, 2010	Apr. 30, 2010	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 09, 2011	Sep. 29, 2011	Jul. 12, 2011	Dec. 06, 2010	Apr. 15, 2010
Derivative [Line Items]
Interest rate contract with notional amount											$ 350,000
Future amortization interest expense over 10 year periods							$ 1,295	$ 1,612	$ 1,723
Interest rate exchange agreement expiration date			Feb. 28, 2012
Additional interest rate contract settlement		$ 4,000
Expense reclassified into interest expense for interest rate contracts							6,900	$ 7,000	$ 7,200
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%			4.20%
4.5% Senior Notes, due December 2020
Derivative [Line Items]
Interest rate on senior notes							4.50%						4.50%
Interest Rate Exchange Agreement Expiring 2010
Derivative [Line Items]
Interest rate contract with notional amount														$ 300,000
Interest rate contract settlement amount					$ 31,000
Future amortization interest expense over 10 year periods					$ 31,000
Term of amortized interest expense, years					10 years
Interest rate									5.80%
Interest rate exchange agreement expiration date						Dec. 31, 2010
Interest Rate Exchange Agreement Expiring 2011
Derivative [Line Items]
Interest rate contract with notional amount												$ 350,000
Interest rate contract settlement amount	$ 34,700
Interest rate exchange agreement expiration date				Sep. 30, 2011
Interest Rate Exchange Agreements Expiring 2011 And 2012
Derivative [Line Items]
Future amortization interest expense over 10 year periods		37,900
Interest rate								5.30%
Settlement amount interest rate contract								$ 38,700
Interest rate settlement recognized as other expense		$ 800

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended	12 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2016	Jun. 30, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 09, 2011	Dec. 06, 2010
Estimate of Fair Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying value of our revolving facility and senior debt					$ 1,029.9
Reported Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying value of our revolving facility and senior debt					$ 1,018.4
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%			4.50%
4.2% Senior Notes, due December 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate					4.20%		4.20%
CPS \| 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 Liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Contingent consideration value as of opening balance sheet date						$ 4.7

Fair Value Measurements - Schedule of Company Financial Assets and Liabilities at Fair Value on Recurring Basis (Details) - Recurring Basis - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market investments		$ 21,931
Available for sale securities	$ 5,369	4,794
Contingent consideration		(4,705)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market investments		21,931
Available for sale securities	5,369	4,794
Contingent consideration		0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market investments		0
Available for sale securities	0	0
Contingent consideration		0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market investments		0
Available for sale securities	$ 0	0
Contingent consideration		$ (4,705)

Commitments and Contingencies - Future Minimum Lease Payments For Operating And Capital Leases (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Operating
2017	$ 16,923
2018	14,238
2019	9,521
2020	7,668
2021	5,701
2022 and thereafter	19,106
Future minimum lease payments for operating lease total	73,157
Capital
2017	1,055
2018	243
2019	9
2020	0
2021	0
2022 and thereafter	0
Future minimum lease payments for capital lease total	$ 1,307

Commitments and Contingencies - Roll Forward Of The Warranty Reserve (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Beginning balance January 1	$ 7,936	$ 7,196	$ 4,888
Provision for warranties	1,828	4,788	6,220
Claim settlements	(3,539)	(3,864)	(3,823)
Other adjustments, including acquisitions, divestitures and currency translation	(597)	(184)	(89)
Ending balance December 31	$ 5,628	$ 7,936	$ 7,196

Common and Preferred Stock (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended	12 Months Ended
	Dec. 01, 2015	Jan. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Equity [Abstract]
Increase in share repurchase authorized amount	$ 300,000
Purchase of common stock (in shares)			738,593	2,811,002	2,970,461
Purchase and accruals of common stock			$ 55,000	$ 210,500
Purchase of common stock		$ 2,300	$ 57,272	210,822	$ 219,893
Remaining authorized repurchase amount				$ 580,000
Common stock, shares authorized (in shares)			150,000,000	150,000,000
Common stock, par value (in dollars per share)			$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)			5,000,000	5,000,000
Preferred stock, par value (in dollars per share)			$ 0.01	$ 0.01
Preferred stock, shares issued (in shares)			0	0

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Line Items]
Undistributed earnings of non-U.S. subsidiaries	$ 670,000,000	$ 715,000,000
Foreign earnings repatriated	28,800,000	14,300,000	$ 6,500,000
Incremental income tax expense (benefit)	2,700,000	300,000	(200,000)
Accrued interest related to uncertain tax positions	100,000	200,000	700,000
Accrued penalties related to uncertain tax positions	100,000	300,000	300,000
Unrecognized tax benefits that would affect our effective tax rate	1,800,000	3,000,000	$ 2,900,000
Loss carry forwards for U.S. federal	3,500,000	4,800,000
Loss carry forwards for non-U.S.	25,600,000	700,000
Operating loss and credit carry forwards	33,100,000	27,000,000
Operating loss carryforwards, valuation allowance	1,300,000	1,000,000
Capital loss carryforwards	18,668,000	0
Federal
Income Tax Disclosure [Line Items]
Capital loss carryforwards	70,100,000
Capital loss carryforwards, valuation allowance	18,700,000
State and Local
Income Tax Disclosure [Line Items]
Capital loss carryforwards	70,100,000
Capital loss carryforwards, valuation allowance	700,000
Foreign
Income Tax Disclosure [Line Items]
Capital loss carryforwards	700,000	$ 900,000
Minimum
Income Tax Disclosure [Line Items]
Unrecognized tax benefits possible change	0
Maximum
Income Tax Disclosure [Line Items]
Unrecognized tax benefits possible change	$ 1,366,000

Income Taxes - Schedule Of Income Before Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
U.S.	$ 265,260	$ 285,399	$ 275,334
Foreign	103,252	106,946	117,106
Income before income taxes	$ 368,512	$ 392,345	$ 392,440

Income Taxes - Provision Benefit for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current
U.S.	$ 67,668	$ 73,059	$ 77,454
State and local	4,503	6,188	7,133
Foreign	42,540	30,630	37,060
Total current	114,711	109,877	121,647
Deferred
U.S.	(6,249)	7,125	(3,176)
State and local	(331)	(1,017)	(1,708)
Foreign	(10,728)	(6,447)	(3,709)
Total deferred	(17,308)	(339)	(8,593)
Total provision for income taxes	$ 97,403	$ 109,538	$ 113,054

Income Taxes - Deferred Tax Assets Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Employee and retiree benefit plans	$ 42,950	$ 37,393
Capital loss carryforwards	18,668	0
Depreciation and amortization	(238,321)	(185,321)
Inventories	11,519	12,615
Allowances and accruals	9,338	12,528
Interest rate exchange agreement	10,442	12,948
Other	(90)	2,800
Total gross deferred tax (liabilities)	(145,494)	(107,037)
Capital loss valuation allowance	(18,668)	0
Total deferred tax (liabilities), net of valuation allowances	$ (164,162)	$ (107,037)

Income Taxes - Deferred Tax Assets and Liabilities Recognized in Company's Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Noncurrent deferred tax asset — Other noncurrent assets	$ 2,265	$ 3,446
Noncurrent deferred tax liabilities — Deferred income taxes	(166,427)	(110,483)
Total deferred tax (liabilities), net of valuation allowances	$ (164,162)	$ (107,037)

Income Taxes - Computed Amount and Differences in Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Pretax income	$ 368,512	$ 392,345	$ 392,440
Computed amount at statutory rate of 35%	128,979	137,321	137,354
State and local income tax (net of federal tax benefit)	4,070	5,033	4,875
Taxes on non-U.S. earnings-net of foreign tax credits	(6,666)	(11,663)	(9,378)
Effect of flow-through entities	(8,735)	(8,358)	(9,018)
U.S. business tax credits	(1,665)	(1,273)	(1,680)
Domestic activities production deduction	(9,043)	(6,521)	(7,489)
Deferred tax effect of foreign tax rate change	0	(2,636)	0
Capital loss on divestitures	(23,444)	0	0
Valuation allowance	17,973	0	0
Share-based payments	(6,520)	0	0
Other	2,454	(2,365)	(1,610)
Total provision for income taxes	$ 97,403	$ 109,538	$ 113,054

Income Taxes - Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance January 1	$ 7,228	$ 3,619	$ 5,124
Gross increase due to non-U.S. acquisitions	0	3,772	0
Gross increases for tax positions of prior years	201	1,256	834
Gross decreases for tax positions of prior years	(93)	0	(51)
Settlements	(2,014)	(667)	(2,057)
Lapse of statute of limitations	(1,547)	(752)	(231)
Ending balance December 31	$ 3,775	$ 7,228	$ 3,619

Business Segments and Geographic Information - Schedule of Information on Company's Business Segments (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total net sales	$ 530,419	$ 530,356	$ 549,696	$ 502,572	$ 499,798	$ 503,791	$ 514,881	$ 502,198	$ 2,113,043	$ 2,020,668	$ 2,147,767
Total operating income	81,411	$ 108,857	$ 112,976	$ 102,557	98,259	$ 121,813	$ 109,909	$ 101,757	405,801	431,738	431,224
Interest expense									45,616	41,636	41,895
Other (income) expense - net									(8,327)	(2,243)	(3,111)
Income before income taxes									368,512	392,345	392,440
Total assets	3,154,944				2,805,443				3,154,944	2,805,443	2,903,463
Total depreciation and amortization									86,892	78,120	76,907
Total capital expenditures									38,242	43,776	47,997
Loss (gain) on sale of business									(22,298)	18,070	0
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total net sales									(876)	(3,035)	(6,591)
Corporate Office
Segment Reporting Information [Line Items]
Total operating income									(84,051)	(46,461)	(69,155)
Total assets	117,503				123,008				117,503	123,008	265,229
Total depreciation and amortization									1,180	1,580	1,393
Total capital expenditures									243	2,022	3,860
Fluid & Metering Technologies
Segment Reporting Information [Line Items]
Total net sales									849,101	860,792	899,588
Total operating income									214,242	204,506	216,886
Total assets	1,065,670				1,125,266				1,065,670	1,125,266	1,026,238
Total depreciation and amortization									28,458	27,662	26,453
Total capital expenditures									16,389	22,846	18,215
Fluid & Metering Technologies \| External Customers
Segment Reporting Information [Line Items]
Total net sales									848,708	859,945	898,530
Fluid & Metering Technologies \| Intersegment Eliminations
Segment Reporting Information [Line Items]
Total net sales									393	847	1,058
Health & Science Technologies
Segment Reporting Information [Line Items]
Total net sales									744,809	738,996	752,021
Total operating income									153,722	157,948	152,999
Total assets	1,266,036				1,108,302				1,266,036	1,108,302	1,101,155
Total depreciation and amortization									45,298	42,827	42,478
Total capital expenditures									15,665	13,104	19,161
Health & Science Technologies \| External Customers
Segment Reporting Information [Line Items]
Total net sales									744,380	737,011	747,186
Health & Science Technologies \| Intersegment Eliminations
Segment Reporting Information [Line Items]
Total net sales									429	1,985	4,835
Fire & Safety/Diversified Products
Segment Reporting Information [Line Items]
Total net sales									520,009	423,915	502,749
Total operating income									121,888	115,745	130,494
Total assets	$ 705,735				$ 448,867				705,735	448,867	510,841
Total depreciation and amortization									11,956	6,051	6,583
Total capital expenditures									5,945	5,804	6,761
Fire & Safety/Diversified Products \| External Customers
Segment Reporting Information [Line Items]
Total net sales									519,955	423,712	502,051
Fire & Safety/Diversified Products \| Intersegment Eliminations
Segment Reporting Information [Line Items]
Total net sales									$ 54	$ 203	$ 698

Business Segments and Geographic Information - Schedule of Sales from External Customers and Long Lived Assets (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	$ 530,419	$ 530,356	$ 549,696	$ 502,572	$ 499,798	$ 503,791	$ 514,881	$ 502,198	$ 2,113,043	$ 2,020,668	$ 2,147,767
Total long-lived assets — net	247,816				240,945				247,816	240,945	219,543
U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales									1,067,333	1,015,277	1,068,758
Total long-lived assets — net	152,504				144,508				152,504	144,508	139,702
North America, Excluding U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales									84,836	85,852	95,917
Total long-lived assets — net	1,533				643				1,533	643	814
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales									517,179	490,435	527,975
Total long-lived assets — net	71,681				69,082				71,681	69,082	54,088
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales									340,624	325,507	337,668
Total long-lived assets — net	21,793				26,498				21,793	26,498	24,912
Other Countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales									103,071	103,597	117,449
Total long-lived assets — net	$ 305				$ 214				$ 305	$ 214	$ 27

Restructuring - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($) employee	Dec. 31, 2015 USD ($) employee	Dec. 31, 2014 USD ($) employee
Restructuring Cost and Reserve [Line Items]
Pre-tax restructuring expenses related to restructuring initiative	$ 3,674	$ 11,239	$ 13,672
Restructuring liabilities	3,893	6,636	6,056
Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	2,000
Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	3,000
2016 Initiative
Restructuring Cost and Reserve [Line Items]
Pre-tax restructuring expenses related to restructuring initiative	$ 3,674
Number of employees \| employee	129
2015 Initiative
Restructuring Cost and Reserve [Line Items]
Pre-tax restructuring expenses related to restructuring initiative		$ 11,239
Number of employees \| employee		208
2014 Initiative
Restructuring Cost and Reserve [Line Items]
Pre-tax restructuring expenses related to restructuring initiative			$ 13,672
Number of employees \| employee			217

Restructuring - Schedule of Pre-Tax Restructuring Expenses by Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Restructuring Cost and Reserve [Line Items]
Total	$ 3,674	$ 11,239	$ 13,672
2016 Initiative
Restructuring Cost and Reserve [Line Items]
Total	3,674
2016 Initiative \| Fluid & Metering Technologies
Restructuring Cost and Reserve [Line Items]
Total	932
2016 Initiative \| Health & Science Technologies
Restructuring Cost and Reserve [Line Items]
Total	1,117
2016 Initiative \| Fire & Safety/Diversified Products
Restructuring Cost and Reserve [Line Items]
Total	1,425
2016 Initiative \| Corporate Office/Other
Restructuring Cost and Reserve [Line Items]
Total	$ 200
2015 Initiative
Restructuring Cost and Reserve [Line Items]
Total		11,239
2015 Initiative \| Fluid & Metering Technologies
Restructuring Cost and Reserve [Line Items]
Total		7,090
2015 Initiative \| Health & Science Technologies
Restructuring Cost and Reserve [Line Items]
Total		3,408
2015 Initiative \| Fire & Safety/Diversified Products
Restructuring Cost and Reserve [Line Items]
Total		576
2015 Initiative \| Corporate Office/Other
Restructuring Cost and Reserve [Line Items]
Total		$ 165
2014 Initiative
Restructuring Cost and Reserve [Line Items]
Severance Costs			12,154
Exit Costs and Asset Impairments			1,518
Total			13,672
2014 Initiative \| Fluid & Metering Technologies
Restructuring Cost and Reserve [Line Items]
Severance Costs			6,413
Exit Costs and Asset Impairments			0
Total			6,413
2014 Initiative \| Health & Science Technologies
Restructuring Cost and Reserve [Line Items]
Severance Costs			3,520
Exit Costs and Asset Impairments			1,392
Total			4,912
2014 Initiative \| Fire & Safety/Diversified Products
Restructuring Cost and Reserve [Line Items]
Severance Costs			908
Exit Costs and Asset Impairments			126
Total			1,034
2014 Initiative \| Corporate Office/Other
Restructuring Cost and Reserve [Line Items]
Severance Costs			1,313
Exit Costs and Asset Impairments			0
Total			$ 1,313

Restructuring - Schedule of Restructuring Accruals Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Restructuring Reserve [Roll Forward]
Beginning balance	$ 6,636	$ 6,056
Restructuring expenses	3,674	11,239	$ 13,672
Payments, utilization and other	(6,417)	(10,659)
Ending balance	$ 3,893	$ 6,636	$ 6,056

Share-Based Compensation - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($) share-based_compensation_plan shares	Dec. 31, 2015 USD ($) shares	Dec. 31, 2014 USD ($) shares	Dec. 31, 2017 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based compensation plans \| share-based_compensation_plan	2
Number of shares authorized (in shares) \| shares	15,600,000
Number of shares available for future issuance (in shares) \| shares	5,400,000
Proceeds from stock option exercises	$ 30,240	$ 19,217	$ 17,161
Forecast
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued (in shares) \| shares				89,288
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option exercisable life	10 years
Total intrinsic value of options exercised	$ 26,500	16,900	20,000
Proceeds from stock option exercises	30,200	19,200	17,200
Tax benefit realized for the tax deductions from stock options exercised	9,600	6,100	$ 7,300
Total unrecognized compensation cost	$ 10,800
Weighted-average period of total unrecognized compensation cost, in years	1 year 4 months 24 days
Stock Option \| Non-Employee Directors Cliff
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of option	1 year
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost	$ 5,300
Weighted-average period of total unrecognized compensation cost, in years	1 year 1 month 6 days
Unvested shares, granted (in shares) \| shares	76,970
Cash-settled Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of option	3 years
Share based compensation, accrued expenses	$ 3,000	3,200
Share based compensation, other noncurrent liabilities	$ 2,400	$ 1,800
Unvested shares, granted (in shares) \| shares	41,060
Performance Shares Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation cost	$ 6,300
Weighted-average period of total unrecognized compensation cost, in years	1 year
Award requisite service period	3 years
Unvested shares, granted (in shares) \| shares	85,130	91,030	54,065
Performance Shares Units \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target award	0.00%
Performance Shares Units \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Target award	250.00%
Target payout	100.00%

Share-Based Compensation - Schedule of Weighted Average Option Fair Values and Assumptions (Details) - Stock Option - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value of grants (in dollars per share)	$ 18.56	$ 20.32	$ 19.52
Dividend yield	1.69%	1.45%	1.27%
Volatility	29.70%	29.90%	30.36%
Risk-free interest rate, minimum	0.53%	0.24%	0.12%
Risk-free interest rate, maximum	2.49%	2.82%	4.65%
Expected life (in years)	5 years 10 months 28 days	5 years 11 months 5 days	5 years 10 months 21 days

Share-Based Compensation - Stock Options Activity (Details) - Stock Option - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Shares
Outstanding at January 1, 2015 (in shares)	2,266,433
Granted (in shares)	570,250
Exercised (in shares)	(675,525)
Forfeited (in shares)	(173,212)
Outstanding at December 31, 2016 (in shares)	1,987,946	2,266,433
Vested and expected to vest at December 31, 2016 (in shares)	1,884,401
Exercisable at December 31, 2016 (in shares)	945,265
Weighted Average Price
Outstanding at January 1, 2015 (in dollars per share)	$ 54.05
Granted (in dollars per share)	75.35
Exercised (in dollars per share)	44.44
Forfeited (in dollars per share)	72.30
Outstanding at December 31, 2016 (in dollars per share)	61.83	$ 54.05
Vested and expected to vest at December 31, 2016 (in dollars per share)	61.06
Exercisable at December 31, 2016 (in dollars per share)	$ 48.53
Weighted-Average Remaining Contractual Term
Weighted-Average Remaining Contractual Term	6 years 10 months 2 days	6 years 6 months 29 days
Vested and expected to vest at December 31, 2016	6 years 8 months 27 days
Exercisable at December 31, 2016	5 years 2 months 1 day
Aggregate Intrinsic Value
Outstanding at January 1, 2015	$ 51,918,028
Outstanding at December 31, 2016	56,144,876	$ 51,918,028
Vested and expected to vest at December 31, 2016	54,671,036
Exercisable at December 31, 2016	$ 39,252,480

Share-Based Compensation - Schedule of Compensation Cost for Stock Options (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	$ 20,326	$ 20,048	$ 20,717
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	6,988	7,031	6,826
Income tax benefit	(2,213)	(2,208)	(2,194)
Total expense after income taxes	4,775	4,823	4,632
Stock Option \| Cost of goods sold
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	427	543	581
Stock Option \| Selling, general and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	$ 6,561	$ 6,488	$ 6,245

Share-Based Compensation - Restricted Stock Units Activity (Details) - Restricted Stock	12 Months Ended
	Dec. 31, 2016 $ / shares shares
Shares
Unvested at January 1, 2015 (in shares) \| shares	272,755
Granted (in shares) \| shares	76,970
Vested (in shares) \| shares	(105,382)
Forfeited (in shares) \| shares	(26,445)
Unvested at December 31, 2016 (in shares) \| shares	217,898
Weighted-Average Grant Date Fair Value
Unvested at January 1, 2015 (in dollars per share) \| $ / shares	$ 65.90
Granted (in dollars per share) \| $ / shares	78.86
Vested (in dollars per share) \| $ / shares	51.90
Forfeited (in dollars per share) \| $ / shares	74.61
Unvested at December 31, 2016 (in dollars per share) \| $ / shares	$ 76.19

Share-Based Compensation - Schedule of Compensation Cost for Restricted Stock Units (Details) - Restricted Stock - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	$ 4,791	$ 5,554	$ 6,551
Income tax benefit	(1,410)	(1,604)	(1,630)
Total expense after income taxes	3,381	3,950	4,921
Cost of goods sold
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	390	341	369
Selling, general and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	$ 4,401	$ 5,213	$ 6,182

Share-Based Compensation Share-Based Compensation - Cash-settled Restricted Stock Activity (Details) - Cash-settled Restricted Stock	12 Months Ended
	Dec. 31, 2016 $ / shares shares
Shares
Unvested at January 1, 2015 (in shares) \| shares	110,860
Granted (in shares) \| shares	41,060
Vested (in shares) \| shares	(36,660)
Forfeited (in shares) \| shares	(11,470)
Unvested at December 31, 2016 (in shares) \| shares	103,790
Weighted-Average Grant Date Fair Value
Unvested at January 1, 2015 (in dollars per share) \| $ / shares	$ 76.61
Granted (in dollars per share) \| $ / shares	90.06
Vested (in dollars per share) \| $ / shares	72.91
Forfeited (in dollars per share) \| $ / shares	90.06
Unvested at December 31, 2016 (in dollars per share) \| $ / shares	$ 90.06

Share-Based Compensation - Schedule of Compensation Cost for Cash-settled Restricted Stock (Details) - Cash-settled Restricted Stock - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	$ 2,988	$ 2,518	$ 4,119
Income tax benefit	(419)	(355)	(603)
Total expense after income taxes	2,569	2,163	3,516
Cost of goods sold
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	764	753	1,384
Selling, general and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	$ 2,224	$ 1,765	$ 2,735

Share-Based Compensation - Schedule of Weighted Average Performance Share Units Fair Values and Assumptions (Details) - Performance Shares Units - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value of grants (in dollars per share)	$ 111.42	$ 95.07	$ 94.55
Dividend yield	0.00%	0.00%	0.00%
Volatility	17.99%	19.14%	26.41%
Risk-free interest rate	0.89%	1.01%	0.65%
Expected life (in years)	2 years 10 months 10 days	2 years 10 months 10 days	2 years 10 months 17 days

Share-Based Compensation - Performance Share Unit Activity (Details) - Performance Shares Units - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Shares
Unvested at January 1, 2015 (in shares)	146,275
Granted (in shares)	85,130	91,030	54,065
Vested (in shares)	(63,325)
Forfeited (in shares)	(31,025)
Unvested at December 31, 2016 (in shares)	137,055	146,275
Weighted-Average Grant Date Fair Value
Unvested at January 1, 2015 (in dollars per share)	$ 94.80
Granted (in dollars per share)	111.42
Vested (in dollars per share)	94.55
Forfeited (in dollars per share)	99.52
Unvested at December 31, 2016 (in dollars per share)	$ 104.18	$ 94.80

Share-Based Compensation - Schedule of Compensation Cost for Performance Share Units (Details) - Performance Shares Units - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	$ 5,559	$ 4,946	$ 3,220
Income tax benefit	(1,859)	(1,670)	(1,081)
Total expense after income taxes	3,700	3,276	2,139
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
Selling, general and administrative expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total expense before income taxes	$ 5,559	$ 4,946	$ 3,220

Other Comprehensive Income (Loss) - (Components of Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Equity [Abstract]
Cumulative translation adjustment, Pre-tax	$ (76,822)	$ (63,441)	$ (77,024)
Cumulative translation adjustment, Tax	0	0	0
Cumulative translation adjustment, Net of Tax	(76,822)	(63,441)	(77,024)
Reclassification of foreign currency translation to earnings upon sale of business, Pre-tax	14,257	(4,725)
Reclassification of foreign currency translation to earnings upon sale of business, Tax	0	0
Reclassification of foreign currency translation to earnings upon sale of business	14,257	(4,725)	0
Foreign currency translation adjustments, Pre-tax	(62,565)	(68,166)
Foreign currency translation adjustments, Tax	0	0
Foreign currency translation adjustments, Net of Tax	(62,565)	(68,166)	(77,024)
Pension and other postretirement adjustments
Net gain (loss) arising during the year, Pre-tax	(1,927)	8,318	(26,424)
Net gain (loss) arising during the year, Tax	789	(2,411)	7,767
Net gain (loss) arising during the year, Net of Tax	(1,138)	5,907	(18,657)
Amortization/recognition of settlement loss, Pre-tax	7,083	4,939	3,113
Amortization/recognition of settlement loss, Tax	(2,896)	(1,431)	(915)
Amortization/recognition of settlement loss, Net of Tax	4,187	3,508	2,198
Pension and other postretirement adjustments, Pre-tax	5,156	13,257	(23,311)
Pension and other postretirement adjustments, Tax	(2,107)	(3,842)	6,852
Pension and other postretirement adjustments, Net of Tax	3,049	9,415	(16,459)
Reclassification adjustments for derivatives, Pre-tax	6,851	7,030	7,223
Reclassification adjustments for derivatives, Tax	(2,490)	(2,499)	(2,713)
Reclassification adjustments for derivatives, Net of tax	4,361	4,531	4,510
Total other comprehensive income (loss), Pre-tax	(50,558)	(47,879)	(93,112)
Total other comprehensive income (loss), Tax	(4,597)	(6,341)	4,139
Other comprehensive income (loss)	$ (55,155)	$ (54,220)	$ (88,973)

Other Comprehensive Income (Loss) - (Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Loss (gain) on sale of businesses - net	$ 22,298	$ (18,070)	$ 0
Selling, general and administrative expenses	498,994	479,408	504,419
Interest expense	45,616	41,636	41,895
Provision for income taxes	97,403	109,538	113,054
Reclassification out of Accumulated Other Comprehensive Income \| Foreign Currency Translation
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Loss (gain) on sale of businesses - net	14,257	(4,725)	0
Total before tax	14,257	(4,725)	0
Provision for income taxes	0	0	0
Total net of tax	14,257	(4,725)	0
Reclassification out of Accumulated Other Comprehensive Income \| Pension and Other Postretirement Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	7,083	4,939	3,113
Total before tax	7,083	4,939	3,113
Provision for income taxes	(2,896)	(1,431)	(915)
Total net of tax	4,187	3,508	2,198
Reclassification out of Accumulated Other Comprehensive Income \| Derivatives
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	6,851	7,030	7,223
Total before tax	6,851	7,030	7,223
Provision for income taxes	(2,490)	(2,499)	(2,713)
Total net of tax	$ 4,361	$ 4,531	$ 4,510

Retirement Benefits - Additional Information (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2016 USD ($)	Dec. 31, 2016 USD ($) employee	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Accumulated benefit obligation for all defined benefit pension plans	$ 176,700	$ 176,700	$ 150,400
Percentage of excess gains and losses over benefit obligation or market value of assets amortized		10.00%
Costs of defined contribution plans		$ 10,100	10,300	$ 9,100
Number of participants covering under multi employer pension plan \| employee		381
Costs of bargaining unit-sponsored multi-employer plans and defined contribution plans		$ 1,300	1,000	1,000
Weighted average annual rate of increase in the per capita cost of covered health care benefits assumed		6.58%
Assumed decrease of weighted average health care cost trend rate		4.50%
Year that reaches assumed decrease of weighted average health care cost trend rate	2037	2037
Increase in service and interest cost components of the net periodic benefit cost, as 1% increase in health care cost trend rates		$ 200
Increase in accumulated postretirement benefit obligation, as 1% increase in health care cost trend rates		2,100
Decrease in service and interest cost components of the net periodic benefit cost, as 1% decrease in health care cost trend rates		100
Decrease in accumulated postretirement benefit obligation, as 1% decrease in health care cost trend rates		1,800
Future estimated benefit payments for year 2016	$ 14,400	14,400
Future estimated benefit payments for year 2017	10,600	10,600
Future estimated benefit payments for year 2018	10,300	10,300
Future estimated benefit payments for year 2019	10,800	10,800
Future estimated benefit payments for year 2020	10,600	10,600
Future estimated benefit payments for years 2021 to 2025	52,100	52,100
Defined Contribution Plan
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan, expected contribution for next fiscal year		10,000
401k
Defined Benefit Plan Disclosure [Line Items]
Defined contribution plan, expected contribution for next fiscal year		8,400
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Settlements		11,000
Settlement loss recognized	$ 3,500	(3,339)	$ 0	$ 0
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, expected contribution for next fiscal year		5,800
Other Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, expected contribution for next fiscal year		$ 100
Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation of fund assets in equities, minimum		40.00%
Target allocation of fund assets in equities, maximum		60.00%
Target allocation of fund assets in equities		44.00%
Fixed Income Securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation of fund assets in equities, minimum		40.00%
Target allocation of fund assets in equities, maximum		60.00%
Target allocation of fund assets in equities		56.00%

Retirement Benefits - Reconciliation Of Changes In Benefit Obligations And Fair Value Of Plan Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
CHANGE IN BENEFIT OBLIGATION
Other	$ 0
CHANGE IN PLAN ASSETS
Fair value of plan assets at January 1	98,242
Other	0
Fair value of plan assets at December 31	106,274	$ 98,242
Other noncurrent liabilities	(93,604)	(76,190)
U.S. Plans
CHANGE IN BENEFIT OBLIGATION
Obligation at January 1	98,476	102,312
Service cost	1,016	1,279	$ 1,162
Interest cost	3,043	3,770	4,037
Plan amendments	0	113
Benefits paid	(3,140)	(3,985)
Actuarial loss (gain)	1,987	(5,013)
Currency translation	0	0
Settlements	(11,126)	0
Acquisition/Divestiture	0	0
Other	0	0
Obligation at December 31	90,256	98,476	102,312
CHANGE IN PLAN ASSETS
Fair value of plan assets at January 1	77,575	79,687
Actual return on plan assets	6,740	(2,587)
Employer contributions	3,639	4,460
Benefits paid	(3,140)	(3,985)
Currency translation	0	0
Settlements	(11,126)	0
Acquisition/Divestiture	0	0
Other	0	0
Fair value of plan assets at December 31	73,688	77,575	79,687
Funded status at December 31	(16,568)	(20,901)
Current liabilities	(729)	(743)
Other noncurrent liabilities	(15,839)	(20,158)
Net liability at December 31	(16,568)	(20,901)
Non-U.S. Plans
CHANGE IN BENEFIT OBLIGATION
Obligation at January 1	58,063	69,488
Service cost	1,627	1,506	1,331
Interest cost	1,429	1,734	2,345
Plan amendments	0	0
Benefits paid	(2,023)	(2,448)
Actuarial loss (gain)	6,844	(6,909)
Currency translation	(6,988)	(5,308)
Settlements	(819)	0
Acquisition/Divestiture	29,491	0
Other	140	0
Obligation at December 31	87,764	58,063	69,488
CHANGE IN PLAN ASSETS
Fair value of plan assets at January 1	20,645	22,152
Actual return on plan assets	2,470	205
Employer contributions	1,974	1,837
Benefits paid	(2,023)	(2,448)
Currency translation	(4,108)	(1,101)
Settlements	(819)	0
Acquisition/Divestiture	14,307	0
Other	140	0
Fair value of plan assets at December 31	32,586	20,645	22,152
Funded status at December 31	(55,178)	(37,418)
Current liabilities	(1,005)	(875)
Other noncurrent liabilities	(54,173)	(36,543)
Net liability at December 31	(55,178)	(37,418)
Other Postretirement Benefit Plans
CHANGE IN BENEFIT OBLIGATION
Obligation at January 1	20,400	22,855
Service cost	601	673	714
Interest cost	811	833	932
Plan amendments	0	0
Benefits paid	(718)	(622)
Actuarial loss (gain)	(1,990)	(2,966)
Currency translation	52	(373)
Settlements	0	0
Acquisition/Divestiture	5,480	0
Other	0	0
Obligation at December 31	24,636	20,400	22,855
CHANGE IN PLAN ASSETS
Fair value of plan assets at January 1	0	0
Actual return on plan assets	0	0
Employer contributions	718	622
Benefits paid	(718)	(622)
Currency translation	0	0
Settlements	0	0
Acquisition/Divestiture	0	0
Other	0	0
Fair value of plan assets at December 31	0	0	$ 0
Funded status at December 31	(24,636)	(20,400)
Current liabilities	(1,044)	(911)
Other noncurrent liabilities	(23,592)	(19,489)
Net liability at December 31	$ (24,636)	$ (20,400)

Retirement Benefits - Weighted Average Assumptions Used in the Measurement Of Benefit Obligation (Details)	Dec. 31, 2016	Dec. 31, 2015
U.S. Plans
Schedule of Benefit Obligations Weighted Average Assumptions [Line Items]
Discount rate	3.91%	4.12%
Rate of compensation increase	4.00%	4.00%
Non-U.S. Plans
Schedule of Benefit Obligations Weighted Average Assumptions [Line Items]
Discount rate	1.76%	2.99%
Rate of compensation increase	2.29%	2.98%

Retirement Benefits - Pretax Amounts Recognized in Accumulated Other Comprehensive Income Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Prior service cost (credit)	$ 110	$ 135
Net loss	27,860	33,461
Total	27,970	33,596
Net gain (loss) in current year	(23)
Prior service cost	0
Amortization of prior service cost (credit)	24
Amortization of net loss (gain)	6,541
Exchange rate effect on amounts in OCI	0
Total	6,542
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Prior service cost (credit)	(77)	(38)
Net loss	(17,643)	15,330
Total	(17,720)	15,292
Net gain (loss) in current year	(5,367)
Prior service cost	0
Amortization of prior service cost (credit)	(15)
Amortization of net loss (gain)	1,239
Exchange rate effect on amounts in OCI	1,468
Total	(2,675)
Other Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Prior service cost (credit)	(849)	(1,215)
Net loss	(3,852)	(2,197)
Total	(4,701)	$ (3,412)
Net gain (loss) in current year	1,990
Prior service cost	0
Amortization of prior service cost (credit)	(366)
Amortization of net loss (gain)	(340)
Exchange rate effect on amounts in OCI	5
Total	$ 1,289

Retirement Benefits - Amounts in Accumulated Other Comprehensive Income Loss Expected to be Recognized As Components of Net Periodic Benefit Cost During 2012 (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($)
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Prior service cost (credit)	$ (333)
Net loss	3,608
Total	3,275
U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Prior service cost (credit)	24
Net loss	2,542
Total	2,566
Non-U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Prior service cost (credit)	9
Net loss	1,493
Total	1,502
Other Postretirement Benefit Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Prior service cost (credit)	(366)
Net loss	(427)
Total	$ (793)

Retirement Benefits - Components of Net Periodic Benefit Cost for Defined Benefit Plans and Other Postretirement Plans (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost		$ 1,016	$ 1,279	$ 1,162
Interest cost		3,043	3,770	4,037
Expected return on plan assets		(4,777)	(4,910)	(5,430)
Settlement loss recognized	$ (3,500)	3,339	0	0
Net amortization		3,226	3,422	2,187
Net periodic benefit cost		5,847	3,561	1,956
Non-U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost		1,627	1,506	1,331
Interest cost		1,429	1,734	2,345
Expected return on plan assets		(993)	(1,114)	(1,297)
Settlement loss recognized		215	0	0
Net amortization		1,008	1,931	1,400
Net periodic benefit cost		3,286	4,057	3,779
Other Postretirement Benefit Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost		601	673	714
Interest cost		811	833	932
Net amortization		(705)	(414)	(474)
Net periodic benefit cost		$ 707	$ 1,092	$ 1,172

Retirement Benefits - Weighted Average Assumptions Used to Determine Net Periodic Benefit Cost of Plans (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
U.S. Plans
Schedule of Benefit Obligations Weighted Average Assumptions [Line Items]
Discount rate	4.12%	3.78%	4.61%
Expected return on plan assets	6.50%	6.50%	7.00%
Rate of compensation increase	4.00%	4.00%	4.00%
Non-U.S. Plans
Schedule of Benefit Obligations Weighted Average Assumptions [Line Items]
Discount rate	2.99%	2.66%	4.03%
Expected return on plan assets	4.58%	5.19%	5.83%
Rate of compensation increase	2.98%	3.00%	3.14%

Retirement Benefits - Pension Plan Weighted Average Asset Allocations (Details)	Dec. 31, 2016	Dec. 31, 2015
U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined benefit plan securities	100.00%	100.00%
U.S. Plans \| Equity Securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined benefit plan securities	44.00%	49.00%
U.S. Plans \| Fixed Income Securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined benefit plan securities	43.00%	49.00%
U.S. Plans \| Cash/Commingled Funds/Other
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined benefit plan securities	13.00%	2.00%
Non-U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined benefit plan securities	100.00%	100.00%
Non-U.S. Plans \| Equity Securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined benefit plan securities	24.00%	36.00%
Non-U.S. Plans \| Fixed Income Securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined benefit plan securities	26.00%	44.00%
Non-U.S. Plans \| Cash/Commingled Funds/Other
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined benefit plan securities	50.00%	20.00%

Quarterly Results of Operations (Unaudited) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 530,419	$ 530,356	$ 549,696	$ 502,572	$ 499,798	$ 503,791	$ 514,881	$ 502,198	$ 2,113,043	$ 2,020,668	$ 2,147,767
Gross profit	232,485	230,889	244,058	223,335	223,399	223,260	231,615	226,041	930,767	904,315	949,315
Operating income	81,411	108,857	112,976	102,557	98,259	121,813	109,909	101,757	405,801	431,738	431,224
Net income	$ 57,347	$ 69,873	$ 75,759	$ 68,130	$ 67,763	$ 79,505	$ 69,585	$ 65,954	$ 271,109	$ 282,807	$ 279,386
Basic EPS (in dollar per share)	$ 0.75	$ 0.92	$ 1.00	$ 0.90	$ 0.89	$ 1.03	$ 0.89	$ 0.84	$ 3.57	$ 3.65	$ 3.48
Diluted EPS (in dollar per share)	$ 0.75	$ 0.91	$ 0.99	$ 0.89	$ 0.88	$ 1.02	$ 0.89	$ 0.84	$ 3.53	$ 3.62	$ 3.45
Basic weighted average shares outstanding (in shares)	75,955	75,819	75,690	75,749	76,211	76,831	77,466	77,996	75,803	77,126	79,715
Diluted weighted average shares outstanding (in shares)	76,806	76,880	76,674	76,699	77,091	77,646	78,297	78,856	76,758	77,972	80,728

Subsequent Events (Details) € in Millions, $ in Millions	Jan. 31, 2017 EUR (€) instrument	Sep. 29, 2011 USD ($)
Subsequent Event [Line Items]
Notional amount \| $		$ 350.0
Subsequent Event \| Forward Contracts
Subsequent Event [Line Items]
Derivative, Number of Instruments Held \| instrument	4
Notional amount \| €	€ 180

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On January 31, 2017 the Company entered into four forward contracts with a combined notional value of €180 million and a settlement date of March 31, 2017. These contracts were executed to minimize the earnings impact due to foreign currency fluctuations between the Swiss Franc and the Euro associated with certain intercompany loans that were established in conjunction with the SFC Koenig acquisition.

Business Segments and Geographic Information - Additional Information (Details)	12 Months Ended
	Dec. 31, 2016 segment
Segment Reporting [Abstract]
Number of reportable business segments	3

Common and Preferred Stock	12 Months Ended
Common and Preferred Stock	Dec. 31, 2016
Equity [Abstract]
Common and Preferred Stock	Common and Preferred Stock On December 1, 2015 the Company’s Board of Directors approved an increase in the authorized level for repurchases of common stock by $300.0 million. Repurchases under the program will be funded with future cash flow generation or borrowings available under the Revolving Facility. During 2016, the Company purchased a total of 0.7 million shares at a cost of $55.0 million, compared to 2.8 million shares purchased at a cost of $210.5 million in 2015, of which $2.3 million was settled in January 2016. As of December 31, 2016, there was $580 million of repurchase authorization remaining. At December 31, 2016 and 2015, the Company had 150 million shares of authorized common stock, with a par value of $.01 per share, and five million shares of authorized preferred stock, with a par value of $.01 per share. No preferred stock was issued as of December 31, 2016 and 2015.

Retirement Benefits - Summary of Basis Used to Measure Defined Benefit Plans Assets at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	$ 106,274	$ 98,242
U.S. Large Cap
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	15,345	23,465
U.S. Small / Mid Cap
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	8,920	10,184
International, Equity
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	16,282	11,986
U.S. Intermediate
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	10,014	15,000
U.S. Short Duration
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	10,160	8,935
U.S. High Yield
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	9,343	7,758
International, Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	10,310	15,249
Other Commingled Funds
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	14,180
Cash and Cash Equivalents
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	10,382	1,829
Other
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	1,338	3,836
Level 1
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	74,417	78,660
Level 1 \| U.S. Large Cap
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	15,345	23,465
Level 1 \| U.S. Small / Mid Cap
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	7,111	7,482
Level 1 \| International, Equity
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	10,647	7,786
Level 1 \| U.S. Intermediate
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	9,943	15,000
Level 1 \| U.S. Short Duration
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	10,160	8,935
Level 1 \| U.S. High Yield
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	7,924	6,922
Level 1 \| International, Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	3,627	7,241
Level 1 \| Other Commingled Funds
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	0
Level 1 \| Cash and Cash Equivalents
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	9,660	1,829
Level 1 \| Other
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	0	0
Level 2
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	17,677	19,582
Level 2 \| U.S. Large Cap
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	0	0
Level 2 \| U.S. Small / Mid Cap
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	1,809	2,702
Level 2 \| International, Equity
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	5,635	4,200
Level 2 \| U.S. Intermediate
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	71	0
Level 2 \| U.S. Short Duration
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	0	0
Level 2 \| U.S. High Yield
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	1,419	836
Level 2 \| International, Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	6,683	8,008
Level 2 \| Other Commingled Funds
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	0
Level 2 \| Cash and Cash Equivalents
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	722	0
Level 2 \| Other
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	1,338	3,836
Level 3
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	14,180	0
Level 3 \| U.S. Large Cap
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	0	0
Level 3 \| U.S. Small / Mid Cap
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	0	0
Level 3 \| International, Equity
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	0	0
Level 3 \| U.S. Intermediate
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	0	0
Level 3 \| U.S. Short Duration
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	0	0
Level 3 \| U.S. High Yield
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	0	0
Level 3 \| International, Fixed Income
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	0	0
Level 3 \| Other Commingled Funds
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	14,180
Level 3 \| Cash and Cash Equivalents
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	0	0
Level 3 \| Other
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, fair value of plan assets	$ 0	$ 0