Circor International (CIR) 10-Q 22 Apr 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 30, 2014	Apr. 17, 2014
Document And Entity Information [Abstract]	'	'
Entity Registrant Name	'CIRCOR INTERNATIONAL INC	'
Entity Central Index Key	'0001091883	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Large Accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	30-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	17,659,532

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
ASSETS	'	'
Cash and cash equivalents	$122,097	$102,180
Short-term Investments	92	95
Trade accounts receivable, less allowance for doubtful accounts of $2,543 and $2,449, respectively	154,821	144,742
Inventories, net	199,200	199,404
Prepaid expenses and other current assets	20,496	19,815
Deferred income tax asset	17,566	17,686
Total Current Assets	514,272	483,922
PROPERTY, PLANT AND EQUIPMENT, NET	106,455	107,724
OTHER ASSETS:	'	'
Goodwill	75,999	75,876
Intangibles, net	34,924	35,656
Deferred income tax asset	17,167	18,579
Other assets	5,140	4,893
TOTAL ASSETS	753,957	726,650
CURRENT LIABILITIES:	'	'
Accounts payable	83,391	70,589
Accrued expenses and other current liabilities	56,710	57,507
Accrued compensation and benefits	25,191	31,289
Income taxes payable	4,946	3,965
Notes payable and current portion of long-term debt	10,519	7,203
Total Current Liabilities	180,757	170,553
LONG-TERM DEBT, NET OF CURRENT PORTION	45,614	42,435
DEFERRED INCOME TAXES	9,217	9,666
OTHER NON-CURRENT LIABILITIES	25,768	27,109
SHAREHOLDERS’ EQUITY:	'	'
Preferred stock, $0.01 par value; 1,000,000 shares authorized; no shares issued and outstanding	0	0
Common stock, $0.01 par value; 29,000,000 shares authorized; 17,644,008 and 17,610,526 shares issued and outstanding at March 30, 2014 and December 31, 2013, respectively	176	176
Additional paid-in capital	272,202	269,884
Retained earnings	217,045	202,930
Accumulated other comprehensive gain, net of taxes	3,178	3,897
Total Shareholders’ Equity	492,601	476,887
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$753,957	$726,650

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Trade accounts receivable, allowance for doubtful accounts	$2,543	$2,449
Preferred stock, par value	$0.01	$0.01
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common stock, par value	$0.01	$0.01
Common Stock, Shares Authorized	29,000,000	29,000,000
Common Stock, Shares, Issued	17,644,008	17,610,526
Common Stock, Shares, Outstanding	17,644,008	17,610,526

Consolidated_Statements_Of_Inc

Consolidated Statements Of Income (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013
Net revenues	$211,186	$205,398
Cost of revenues	146,548	145,549
GROSS PROFIT	64,638	59,849
Selling, general and administrative expenses	44,888	45,571
Special (recoveries) charges, net	-1,157	1,378
OPERATING INCOME	20,907	12,900
Other (income) expense:	'	'
Interest expense, net	918	787
Other (income) expense, net	-468	612
TOTAL OTHER EXPENSE, NET	450	1,399
INCOME BEFORE INCOME TAXES	20,457	11,501
Provision for income taxes	5,825	3,592
NET INCOME	$14,632	$7,908
Earnings per common share:	'	'
Basic	$0.83	$0.45
Diluted	$0.82	$0.45
Weighted average number of common shares outstanding:	'	'
Basic	17,620	17,511
Diluted	17,741	17,529
Dividends paid per common share	$0.04	$0.04

Statements_Of_Consolidated_Com

Statements Of Consolidated Comprehensive Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013
Statement of Other Comprehensive Income [Abstract]	'	'
Net income	$14,632	$7,908
Other comprehensive (loss) income, net of tax:	'	'
Foreign currency translation adjustments	-715	-8,644
Other comprehensive income (loss)	-715	-8,644
COMPREHENSIVE INCOME (LOSS)	$13,917	($736)

Consolidated_Statements_Of_Cas

Consolidated Statements Of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013
OPERATING ACTIVITIES	'	'
Net income	$14,632	$7,908
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation	4,069	4,009
Amortization	786	758
Compensation expense of share-based plans	1,830	1,028
Tax effect of share-based plan compensation	-571	-285
(Gain) loss on disposal of property, plant and equipment	34	-66
Change in operating assets and liabilities:	'	'
Trade accounts receivable, net	-9,952	-2,455
Inventories, net	234	-6,461
Prepaid expenses and other assets	-859	-827
Accounts payable, accrued expenses and other liabilities	6,854	2,198
Net cash provided by operating activities	17,057	5,807
INVESTING ACTIVITIES	'	'
Additions to property, plant and equipment	-2,670	-4,707
Proceeds from the sale of property, plant and equipment	13	75
Net cash used in investing activities	-2,657	-4,632
FINANCING ACTIVITIES	'	'
Proceeds from long-term debt	48,029	33,598
Payments of long-term debt	-41,781	-37,655
Dividends paid	-670	-670
Proceeds from the exercise of stock options	192	1,368
Tax effect of share-based compensation	571	285
Net cash (used in) provided by financing activities	6,341	-3,074
Effect of exchange rate changes on cash and cash equivalents	-824	-2,207
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	19,917	-4,106
Cash and cash equivalents at beginning of period	102,180	61,738
CASH AND CASH EQUIVALENTS AT END OF PERIOD	122,097	57,632
Supplemental Cash Flow Information:	'	'
Income taxes	2,913	1,462
Interest	$678	$655

Basis_Of_Presentation

Basis Of Presentation	3 Months Ended
	Mar. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis Of Presentation	'
	Basis of Presentation
	The accompanying unaudited, consolidated financial statements have been prepared according to the rules and regulations of the United States Securities and Exchange Commission (“SEC”) and, in the opinion of management, reflect all adjustments, which include normal recurring adjustments, necessary for a fair presentation of the consolidated balance sheets, consolidated statements of income and consolidated statements of cash flows of CIRCOR International, Inc. (“CIRCOR”, the “Company”, “us”, “we” or “our”) for the periods presented. We prepare our interim financial information using the same accounting principles as we use for our annual audited financial statements. Certain information and note disclosures normally included in the annual audited financial statements have been condensed or omitted in accordance with prescribed SEC rules. We believe that the disclosures made in our consolidated financial statements and the accompanying notes are adequate to make the information presented not misleading.
	The consolidated balance sheet at December 31, 2013 is as reported in our audited financial statements as of that date. Our accounting policies are described in the notes to our December 31, 2013 financial statements, which were included in our Annual Report filed on Form 10-K. We recommend that the financial statements included in our Quarterly Report on Form 10-Q be read in conjunction with the financial statements and notes included in our Annual Report filed on Form 10-K for the year ended December 31, 2013.
	We operate and report financial information using a 52-week fiscal year ending December 31. The data periods contained within our Quarterly Reports on Form 10-Q reflect the results of operations for the 13-week, 26-week and 39-week periods which generally end on the Sunday nearest the calendar quarter-end date. Operating results for the three months ended March 30, 2014 are not necessarily indicative of the results that may be expected for the year ending December 31, 2014.

Summary_Of_Significant_Account

Summary Of Significant Accounting Policies	3 Months Ended
	Mar. 30, 2014
Accounting Policies [Abstract]	'
Summary Of Significant Accounting Policies	'
	Summary of Significant Accounting Policies
	The significant accounting policies used in preparation of these condensed consolidated financial statements for the three months ended March 30, 2014 are consistent with those discussed in Note 2 to the consolidated financial statements in our Annual Report on Form 10-K for the year ended December 31, 2013.
	There were no additional new accounting pronouncements adopted during the three months ended March 30, 2014 that had a material impact on our financial statements.

ShareBased_Compensation

Share-Based Compensation	3 Months Ended
	Mar. 30, 2014
Share-based Compensation [Abstract]	'
Share-Based Compensation	'
	Share-Based Compensation
	As of March 30, 2014, we have one share-based compensation plan. The Amended and Restated 1999 Stock Option and Incentive Plan (the “1999 Stock Plan”), which was adopted by our Board of Directors and approved by our shareholders, permits the grant of the following types of awards to our officers, other employees and non-employee directors: incentive stock options; non-qualified stock options; deferred stock awards; restricted stock awards; unrestricted stock awards; performance share awards; cash-based awards; stock appreciation rights and dividend equivalent rights. The 1999 Stock Plan provides for the issuance of up to 3,000,000 shares of common stock (subject to adjustment for stock splits and similar events). New options granted under the 1999 Stock Plan could have varying vesting provisions and exercise periods. Options granted vest in periods ranging from one year to five years and expire either seven years or ten years after the grant date. Restricted stock units granted generally vest from two years to six years. Vested restricted stock units will be settled in shares of our common stock. As of March 30, 2014, there were 505,007 stock options (including the CEO and CFO stock option awards noted below) and 251,664 restricted stock units outstanding. In addition, there were 259,453 shares available for grant under the 1999 Stock Plan as of March 30, 2014. As of March 30, 2014, there were 1,010 outstanding restricted stock units that contain rights to nonforfeitable dividend equivalents and are considered participating securities that are included in our computation of basic and fully diluted earnings per share. There is no difference in the earnings per share amounts between the two class method and the treasury stock method, which is why we continue to use the treasury stock method.
	The Black-Scholes option pricing model was used to estimate the fair value of each stock option grant at the date of grant excluding the 2013 and 2014 CEO and CFO stock option awards noted below. Black-Scholes utilizes assumptions related to volatility, the risk-free interest rate, the dividend yield and employee exercise behavior. Expected volatilities utilized in the model are based on the historic volatility of the Company’s stock price. The risk free interest rate is derived from the U.S. Treasury Yield curve in effect at the time of the grant.
	On April 9, 2013, the Company granted stock options to purchase 200,000 shares of common stock to its newly appointed President and Chief Executive Officer at an exercise price of $41.17 per share ("2013 CEO Option Award"). On December 2, 2013, the Company granted stock options to purchase 100,000 shares of common stock to its newly appointed Executive Vice President and Chief Financial Officer at an exercise price of $79.33 per share ("2013 CFO Option Award"). On March 5, 2014, the Company granted stock options to purchase 100,000 shares of common stock to its President and Chief Executive Officer at an exercise price of $70.42 per share ("2014 CEO Option Award"). Both the 2013 CEO Option Award and the 2013 CFO Option Award were considered inducement awards and were granted outside of the Company's 1999 Stock Plan. All three of these option awards include a service period and a market performance vesting condition. The stock options will vest if the following stock price targets are met based on the stock price closing at or above these targets for 60 consecutive trading days:
	2013 CEO Option Award
	Stock Price Target	Cumulative Vested Portion of Stock Options (in Shares)
	$50.00	50,000
	$60.00	100,000
	$70.00	150,000
	$80.00	200,000
	2013 CFO and 2014 CEO Option Award
	Stock Price Target	Cumulative Vested Portion of Stock Options (in Shares)
	$87.50	25,000
	$100.00	50,000
	$112.50	75,000
	$125.00	100,000
	Vested options may be exercised 25% at the time of vesting, 50% one year from the date of vesting and 100% two years from the date of vesting. On August 8, 2013, the $50.00 Stock Price Target for the 2013 CEO Option Award was met. On January 6, 2014 and January 28, 2014, the $60.00 and $70.00 Price targets for the 2013 CEO Option Award were met, respectively. Therefore, 150,000 options have vested of which 37,500 are currently exercisable under the 2013 CEO Option Award. These stock option awards are being expensed utilizing a graded method and are subject to forfeiture in the event of employment termination (whether voluntary or involuntary) prior to vesting. All three of these option awards have a 10 year term but to the extent that the market conditions above (Stock Price Targets) are not met, these options will not vest and will forfeit 5 years from grant date. The Company used a Monte Carlo simulation option pricing model to value these option awards.
	During the three months ended March 30, 2014, the Company granted 164,503 stock options (including the 2014 CEO Option Award noted above). This compares with no stock options granted during the first three months of 2013. The average fair value of stock options granted during the first three months of 2014 was $26.32 and was estimated using the following weighted-average assumptions:
	Risk-free interest rate	1.8	%
	Expected life (years)	3.7
	Expected stock volatility	41.4	%
	Expected dividend yield	0.2	%
	We account for Restricted Stock Unit Awards (“RSU Awards”) by expensing the weighted average fair value to selling, general and administrative expenses ratably over vesting periods generally ranging from two to six years. During the three months ended March 30, 2014 and March 31, 2013, we granted 31,954 and 109,468 RSU Awards with approximate fair values of $71.75 and $42.12 per RSU Award, respectively. During the first three months of 2014 and 2013, the Company granted performance-based RSUs as part of the overall mix of RSU Awards. These performance-based RSUs include metrics for achieving Return on Invested Capital and Adjusted Operating Margin with target payouts ranging from 0% to 200%. Of the 31,954 RSUs granted during the three months ended March 30, 2014, 11,881 are performance-based RSU awards. This compares to 24,641 performance-based RSU awards granted during the three months ended March 31, 2013.
	The CIRCOR Management Stock Purchase Plan, which is a component of the 1999 Stock Plan, provides that eligible employees may elect to receive restricted stock units in lieu of all or a portion of their pre-tax annual incentive bonus and, in some cases, make after-tax contributions in exchange for restricted stock units (“RSU MSPs”). In addition, non-employee directors may elect to receive restricted stock units in lieu of all or a portion of their annual directors’ fees. Each RSU MSP represents a right to receive one share of our common stock after a three year vesting period. RSU MSPs are granted at a discount of 33% from the fair market value of the shares of common stock on the date of grant. This discount is amortized as compensation expense, to selling, general and administrative expenses, over a four year period. RSU MSPs totaling 32,752 and 28,463 with per unit discount amounts representing fair values of $23.61 and $13.90 were granted under the CIRCOR Management Stock Purchase Plan during the three months ended March 30, 2014 and March 31, 2013, respectively.
	Compensation expense related to our share-based plans for the three month periods ended March 30, 2014 and March 31, 2013 was $1.8 million and $1.2 million, respectively, and was recorded as selling, general and administrative expense. As of March 30, 2014, there was $17.1 million of total unrecognized compensation costs related to our outstanding share-based compensation arrangements. That cost is expected to be recognized over a weighted average period of 2.4 years.
	The weighted average contractual term for stock options outstanding and options exercisable as of March 30, 2014 was 8.9 years and 7.8 years, respectively. The aggregate intrinsic value of stock options exercised during the three months ended March 30, 2014 was $0.2 million and the aggregate intrinsic value of stock options outstanding and options exercisable as of March 30, 2014 was $7.7 million and $2.5 million, respectively.
	The aggregate intrinsic value of RSU Awards settled during the three months ended March 30, 2014 was $1.6 million and the aggregate intrinsic value of RSU Awards outstanding and RSU Awards vested and deferred as of March 30, 2014 was $12.4 million and $0.1 million, respectively.
	The aggregate intrinsic value of RSU MSPs settled during the three months ended March 30, 2014 was $0.8 million and the aggregate intrinsic value of RSU MSPs outstanding and RSU MSPs vested and deferred as of March 30, 2014 was $2.9 million and $0.0 million, respectively.
	The Company also grants Cash Settled Stock Unit Awards to its international participants. These Cash Settled Stock Unit Awards typically cliff-vest in three years and are settled in cash based on the company's closing stock price at the time of vesting. As of March 30, 2014, there were 42,365 Cash Settled Stock Unit Awards outstanding compared to 44,327 Cash Settled Stock Unit Awards as of March 31, 2013. During the three months ended March 30, 2014, the aggregate cash used to settle Cash Settled Stock Unit Awards was $0.6 million. As of March 30, 2014, the company had $1.0 million in accrued expenses and current liabilities for Cash Settled Stock Unit Awards compared with $0.6 million as of March 31, 2013. Cash Settled Stock Unit Awards related compensation costs for the three month periods ended March 30, 2014 and March 31, 2013 was $0.1 million and $0.3 million, respectively, and was recorded as selling, general, and administrative expense.

Inventories

Inventories	3 Months Ended
	Mar. 30, 2014
Inventory, Net [Abstract]	'
Inventories	'
	Inventories
	Inventories consist of the following (in thousands):
		March 30, 2014		December 31, 2013
	Raw materials	$	62,502	$	59,255
	Work in process	95,826		95,236
	Finished goods	40,872		44,913
		$	199,200	$	199,404

Goodwill_And_Intangible_Assets

Goodwill And Intangible Assets	3 Months Ended
	Mar. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Goodwill And Intangible Assets	'
	Goodwill and Intangible Assets
	The following table shows goodwill by segment as of March 30, 2014 (in thousands):
		Energy		Aerospace & Defense			Consolidated
							Total
	Goodwill as of December 31, 2013	$	52,930	$	22,946		$	75,876
	Currency translation adjustments	118		5			123
	Goodwill as of March 30, 2014	$	53,048	$	22,951		$	75,999
	The table below presents gross intangible assets and the related accumulated amortization as of March 30, 2014 (in thousands):
		Gross		Accumulated
		Carrying		Amortization
		Amount
	Patents	$	6,068	$	(5,692	)
	Non-amortized intangibles (primarily trademarks and trade names)	17,017		—
	Customer relationships	34,592		(19,594		)
	Backlog	1,150		(1,150		)
	Other	7,614		(5,081		)
	Total	$	66,441	$	(31,517	)
	Net carrying value of intangible assets	$	34,924
	The table below presents estimated remaining amortization expense for intangible assets recorded as of March 30, 2014 (in thousands):
		2014		2015			2016		2017		2018		After 2019
	Estimated amortization expense	$	2,335	$	3,102		$	2,815	$	2,679	$	2,423	$	4,536

Segment_Information

Segment Information	3 Months Ended
	Mar. 31, 2013
Segment Reporting [Abstract]	'
Segment Information	'
	Segment Information
	The following table presents certain reportable segment information (in thousands):
		Energy		Aerospace & Defense		Corporate /		Consolidated
						Eliminations		Total
	Three Months Ended March 30, 2014
	Net revenues	$	162,587	$	48,599			$	211,186
	Inter-segment revenues	206		79		(285	)	—
	Operating income (loss)	21,774		6,570		(7,437	)	20,907
	Interest expense, net							918
	Other (income) expense, net							(468		)
	Income before income taxes							$	20,457
	Identifiable assets	600,637		220,402		(67,082	)	753,957
	Capital expenditures	1,773		649		248		2,670
	Depreciation and amortization	2,816		1,727		312		4,855
	Three Months Ended March 31, 2013
	Net revenues	$	157,104	$	48,294			$	205,398
	Inter-segment revenues	222		5		(227	)	—
	Operating income (loss)	16,239		1,938		(5,277	)	12,900
	Interest expense, net							787
	Other (income) expense, net							612
	Income before income taxes							$	11,501
	Identifiable assets	554,838		225,584		(76,312	)	704,110
	Capital expenditures	3,029		1,608		70		4,707
	Depreciation and amortization	2,560		1,323		884		4,767
	Each reporting segment is individually managed and has separate financial results that are reviewed by our chief operating decision-maker. Each segment contains related products and services particular to that segment. For further discussion of the products included in each segment refer to Note 1 of the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2013.
	In calculating operating income for each reporting segment, certain administrative expenses incurred at the corporate level for the benefit of other reporting segments were allocated to the segments based upon specific identification of costs, employment related information or net revenues.
	Corporate / Eliminations are reported on a net “after allocations” basis. Inter-segment intercompany transactions affecting net operating profit have been eliminated within the respective operating segments.
	The operating loss reported in the Corporate / Eliminations column in the preceding table consists primarily of the following corporate expenses: compensation and fringe benefit costs for executive management and other corporate staff; corporate development costs (relating to mergers and acquisitions); human resource development and benefit plan administration expenses; legal, accounting and other professional and consulting fees; facilities, equipment and maintenance costs; and travel and various other administrative costs. The above costs are incurred in the course of furthering the business prospects of the Company and relate to activities such as: implementing strategic business growth opportunities; corporate governance; risk management; treasury; investor relations and shareholder services; regulatory compliance; and stock transfer agent costs.
	The total assets for each operating segment have been reported as the Identifiable Assets for that segment, including inter-segment intercompany receivables, payables and investments in other CIRCOR businesses. Identifiable assets reported in Corporate / Eliminations include both corporate assets, such as cash, deferred taxes, prepaid and other assets, fixed assets, as well as the elimination of all inter-segment intercompany assets. The elimination of intercompany assets results in negative amounts reported in Corporate / Eliminations for Identifiable Assets for the periods ended March 30, 2014 and March 31, 2013. Corporate Identifiable Assets after elimination of intercompany assets were $46.1 million and $42.0 million as of March 30, 2014 and March 31, 2013, respectively.

Earnings_Per_Common_Share

Earnings Per Common Share	3 Months Ended
	Mar. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Common Share	'
	Earnings Per Common Share (in thousands, except per share amounts):
		Three Months Ended
		March 30, 2014						March 31, 2013
		Net		Shares	Per Share			Net		Shares	Per Share
		Income			Amount			Income			Amount
	Basic Earnings Per Common Share ("EPS")	$	14,632	17,620	$	0.83		$	7,908	17,511	$	0.45
	Dilutive securities, common stock options	—		121	(0.01		)	—		18	0
	Diluted EPS	$	14,632	17,741	$	0.82		$	7,908	17,529	$	0.45
	There were 152,599 and 308,060 anti-dilutive stock options, RSU Awards, and RSU MSPs outstanding for the three months ended March 30, 2014 and March 31, 2013, respectively.

Financial_Instruments

Financial Instruments	3 Months Ended
	Mar. 30, 2014
Fair Value Disclosures [Abstract]	'
Financial Instruments	'
	Financial Instruments
	Fair Value
	The carrying amounts of cash and cash equivalents, trade receivables and trade payables approximate fair value because of the short maturity of these financial instruments. Short-term investments (principally guaranteed investment certificates) are carried at cost which approximates fair value at the balance sheet date. The fair value of our variable rate debt approximates its carrying amount.
	Foreign Currency Exchange Risk
	The Company is exposed to certain risks relating to its ongoing business operations including foreign currency exchange rate risk and interest rate risk. The Company currently uses derivative instruments to manage foreign currency risk on certain business transactions denominated in foreign currencies. To the extent the underlying transactions hedged are completed, these forward contracts do not subject us to significant risk from exchange rate movements because they offset gains and losses on the related foreign currency denominated transactions. These forward contracts do not qualify as hedging instruments and, therefore, do not qualify for fair value or cash flow hedge treatment. Any unrealized gains and losses on our contracts are recognized as a component of other expense in our consolidated statements of income.
	As of March 30, 2014, we had eleven forward contracts with total values as follows (in thousands):
	Currency	Number	Contract Amount	Currency
	U.S. Dollar/Euro	8	74,494	U.S. Dollars
	Brazilian Real/Euro	3	0	Brazilian Reais
	This compares to fourteen forward contracts as of December 31, 2013. The fair value liability of the derivative forward contracts as of March 30, 2014 was less than $0.1 million and was included in accrued expenses and other current liabilities on our balance sheet. This compares to a fair value asset of approximately $0.1 million that was included in prepaid expenses and other current assets on our balance sheet as of December 31, 2013. The unrealized foreign exchange gain (loss) for each of the three month periods ended March 30, 2014 and March 31, 2013 was less than $0.5 million. Unrealized foreign exchange gains (losses) are included in other (income) expense in our consolidated statements of income.
	We have determined that the majority of the inputs used to value our foreign currency forward contracts fall within Level 2 of the fair value hierarchy, found under Accounting Standards Codification (“ASC”) Topic 820. The credit valuation adjustments, such as estimates of current credit spreads to evaluate the likelihood of default by us and our counterparties are Level 3 inputs. However, we have assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our foreign currency forward contracts and determined that the credit valuation adjustments are not significant to the overall valuation. As a result, we have determined that our derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy.

Guarantees_And_Indemnification

Guarantees And Indemnification Obligations	3 Months Ended
	Mar. 30, 2014
Guarantees And Indemnification Obligations [Abstract]	'
Guarantees And Indemnification Obligations	'
	Guarantees and Indemnification Obligations
	As permitted under Delaware law, we have agreements whereby we indemnify certain of our officers and directors for certain events or occurrences while the officer or director is, or was, serving at our request in such capacity. The term of the indemnification period is for the officer’s or director’s lifetime. The maximum potential amount of future payments we could be required to make under these indemnification agreements is unlimited. However, we have directors’ and officers’ liability insurance policies that limit our exposure for events covered under the policies and should enable us to recover a portion of any future amounts paid. As a result of the coverage under these insurance policies, we believe the estimated fair value of these indemnification agreements based on Level 3 criteria as described under ASC Topic 820 is minimal and, therefore, we have no liabilities recorded from those agreements as of March 30, 2014.
	We record provisions for the estimated cost of product warranties, primarily from historical information, at the time product revenue is recognized. While we engage in extensive product quality programs and processes, our warranty obligation is affected by product failure rates, utilization levels, material usage, service delivery costs incurred in correcting a product failure, and supplier warranties on parts delivered to us. Should actual product failure rates, utilization levels, material usage, service delivery costs or supplier warranties on parts differ from our estimates, revisions to the estimated warranty liability would be required.
	The following table sets forth information related to our product warranty reserves for the three months ended March 30, 2014 (in thousands):
	Balance beginning December 31, 2013	$	4,194
	Provisions	1,222
	Claims settled	(412		)
	Currency translation adjustment	7
	Balance ending March 30, 2014	$	5,011
	Warranty obligations increased $0.8 million from $4.2 million as of December 31, 2013 to $5.0 million as of March 30, 2014, primarily due to provisions recorded within the Energy segment for isolated product defect claims.

Contingencies_And_Commitments

Contingencies And Commitments	3 Months Ended
	Mar. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Contingencies And Commitments	'
	Contingencies and Commitments
	During the third quarter of 2011, we commenced arbitration proceedings against T.M.W. Corporation (“TMW”), the seller from which we acquired the assets of Castle Precision Industries in August 2010, seeking to recover damages from TMW for breaches of certain representations and warranties made by TMW in the Asset Purchase Agreement dated August 3, 2010 relative to such acquisition. On January 24, 2014 we reached a settlement on the TMW arbitration where it was agreed that TMW would waive all rights to amounts due from us under a contingent consideration promissory note established at the time of acquisition, resulting in a gain of approximately $2.2 million during the first quarter of 2014.
	In late 2013 our former parent, Watts Water Technologies, Inc. (“Watts”), notified us of a claim in the approximate aggregate amount of $4.2 million.  In its claim Watts contended, pursuant to the Distribution Agreement dated October 1, 1999 which governed the spinoff of CIRCOR from Watts, that we were partially responsible for retrospective insurance premium adjustments and deductibles paid by Watts to insurers under certain legacy insurance policies that covered both Watts and CIRCOR subsidiaries prior to our 1999 spinoff. The claim also included both interest paid to insurers as well as attorneys’ fees spent by Watts in disputing its contractual obligations. During the first quarter of 2014, we entered into a settlement agreement resolving the Watts claim for payment by us to Watts of $1.5 million in April 2014.
	Asbestos-related product liability claims continue to be filed against two of our subsidiaries-Spence Engineering Company, Inc. (“Spence”), the stock of which we acquired in 1984; and Circor Instrumentation Technologies, Inc. (f/k/a Hoke Incorporated) (“Hoke”), the stock of which we acquired in 1998. Due to the nature of the products supplied by these entities, the markets they serve and our historical experience in resolving these claims, we do not believe that these asbestos-related claims will have a material adverse effect on the financial condition, results of operations or liquidity of Spence or Hoke, or our financial condition, consolidated results of operations or liquidity of the Company.
	We are currently involved in various other legal claims and legal proceedings, some of which may involve substantial dollar amounts. Periodically, we review the status of each significant matter and assess our potential financial exposure. If the potential loss from any claim or legal proceeding is considered probable and the amount can be estimated, we accrue a liability for the estimated loss. Significant judgment is required in both the determination of probability and the determination as to whether an exposure can be reasonably estimated. Because of uncertainties related to these matters, accruals are based on the best information available at the time. As additional information becomes available, we reassess the potential liability related to our pending claims and litigation and may revise our estimates. Such revisions in the estimates of the potential liabilities could have a material adverse effect on our business, results of operations and financial position.
	Standby Letters of Credit
	We execute standby letters of credit, which include bid bonds and performance bonds, in the normal course of business to ensure our performance or payments to third parties. The aggregate notional value of these instruments was $46.0 million at March 30, 2014. Our historical experience with these types of instruments has been good and no claims have been paid in the current or past five fiscal years. We believe that the likelihood of demand for payments relating to the outstanding instruments is remote. These instruments generally have expiration dates ranging from less than 1 month to 5 years from March 30, 2014.
	The following table contains information related to standby letters of credit instruments outstanding as of March 30, 2014 (in thousands):
	Term Remaining	Maximum Potential
		Future  Payments
	0–12 months	$	30,222
	Greater than 12 months	15,759
	Total	$	45,981

Defined_Pension_Benefit_Plans

Defined Pension Benefit Plans	3 Months Ended
	Mar. 30, 2014
General Discussion of Pension and Other Postretirement Benefits [Abstract]	'
Defined Pension Benefit Plans	'
	Defined Pension Benefit Plans
	We maintain two pension benefit plans, a qualified noncontributory defined benefit plan and a nonqualified, noncontributory defined benefit supplemental plan that provides benefits to certain retired highly compensated officers and employees. To date, the supplemental plan remains an unfunded plan. These plans include significant pension benefit obligations which are calculated based on actuarial valuations. Key assumptions are made in determining these obligations and related expenses, including expected rates of return on plan assets and discount rates. Benefits are based primarily on years of service and employees’ compensation.
	As of July 1, 2006, in connection with a revision to our retirement plan, we froze the pension benefits of our qualified noncontributory plan participants. Under the revised plan, such participants generally do not accrue any additional benefits under the defined benefit plan after July 1, 2006.
	During the three months ended March 30, 2014, we made cash contributions of $0.4 million to our qualified defined benefit pension plan. Additionally, substantially all of our U.S. employees are eligible to participate in a 401(k) savings plan. Under this plan, we make a core contribution and match a specified percentage of employee contributions, subject to certain limitations.
	The components of net pension benefit expense are as follows (in thousands):
		Three Months Ended
		March 30,			March 31,
		2014			2013
	Interest cost on benefits obligation	545			491
	Estimated return on assets	(697		)	(591		)
	Loss amortization	127			189
	Net periodic cost of defined pension benefit plans	$	(25	)	$	89

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 30, 2014
Income Tax Expense (Benefit) [Abstract]	'
Income Taxes	'
	Income Taxes
	As required by ASC 740, Income Taxes, at March 30, 2014 and at December 31, 2013, we had $1.9 million and $1.6 million of unrecognized tax benefits, respectively, of which $1.2 million and $0.9 million, respectively, would affect our effective tax rate if recognized in any future period.
	We recognize interest and penalties related to uncertain tax positions in income tax expense. As of March 30, 2014, we had approximately $0.9 million of accrued interest related to uncertain tax positions.
	The Company files income tax returns in the U.S. federal jurisdiction and in various state, local and foreign jurisdictions. The Company is no longer subject to examination by the Internal Revenue Service for years prior to 2010 and is no longer subject to examination by the tax authorities in foreign and state jurisdictions prior to 2006. The Company is under examination for income tax filings in the U.S. and various foreign jurisdictions.
	For 2014, we expect an effective income tax rate of approximately 28.0%. The effective tax rate was 28.5% for the quarter ended March 30, 2014.  The primary driver of this higher tax rate in the quarter was the higher percentage of US income over total income.
	Our future effective tax rates could be adversely affected by earnings being lower than anticipated in countries where we have lower statutory rates and vice versa. Changes in the valuation of our deferred tax assets or liabilities, or changes in tax laws or interpretations thereof may also adversely affect our future effective tax rate. In addition, we are subject to the continuous examination of our income tax returns by the Internal Revenue Service and other tax authorities. We regularly assess the likelihood of adverse outcomes resulting from these examinations to determine the adequacy of our provision for income taxes.
	The Company has a net domestic deferred income tax asset and a net foreign deferred tax asset. With regard to deferred income tax assets, we maintained a total valuation allowance of $13.8 million at March 30, 2014 and $13.9 million at December 31, 2013 due to uncertainties related to our ability to utilize certain of these assets, primarily consisting of certain foreign tax credits, foreign and state net operating losses and state tax credits carried forward. The valuation allowance is based on estimates of taxable income in each of the jurisdictions in which we operate and the period over which our deferred tax assets will be recoverable. If market conditions improve and future results of operations exceed our current expectations, our existing tax valuation allowances may be adjusted, resulting in future tax benefits. Alternatively, if market conditions deteriorate or future results of operations are less than expected, future assessments may result in a determination that some or all of the deferred tax assets are not realizable. Consequently, we may need to establish additional tax valuation allowances for all or a portion of the gross deferred tax assets, which may have a material adverse effect on our business, results of operations and financial condition. The Company has had a history of domestic and foreign taxable income, is able to avail itself of federal tax carryback provisions, has future taxable temporary differences and projects future domestic and foreign taxable income. We believe that after considering all of the available objective evidence, it is more likely than not that the results of future operations will generate sufficient taxable income to realize the remaining deferred tax assets.

Special_Charges

Special Charges	3 Months Ended
	Mar. 31, 2013
Restructuring and Related Activities [Abstract]	'
Restructuring and Related Activities Disclosure [Text Block]	'
	Special Charges / Recoveries
	During the third quarter of 2012, we announced restructuring actions in the Energy and Aerospace & Defense segments including actions to consolidate facilities, shift expenses to lower cost regions, and exited some non-strategic product lines ("2012 Announced Restructuring").
	On August 1, 2013 and October 31, 2013, we announced restructuring actions associated with our Energy and Aerospace & Defense segments under which we will simplify the manner in which we manage our businesses ("2013 Announced Restructuring"). Under these restructurings, we will consolidate facilities, shift expenses to lower cost regions, exit certain non-strategic product lines, and also consolidate our group structure from three groups to two, reducing management layers and administrative expenses.
	On January 24, 2014, we reached a settlement on the TMW arbitration where it was agreed that TMW would waive all rights to amounts due from us under a contingent consideration promissory note established at the time of acquisition, resulting in a special gain of approximately $2.2 million during the first quarter of 2014. See Note 10 for additional information.
	On March 28, 2014, we entered into a settlement agreement for $1.5 million with Watts. Accordingly, we recorded a $0.3 million special charge in the quarter, net of amounts previously accrued. See Note 10 for additional information.
	During the three months ended March 30, 2014, we recorded $0.8 million of special charges associated with the 2013 Announced Restructuring actions, $0.3 million of special charges associated with the Watts legal settlement, and a $2.2 million gain associated with the TMW settlement. The following table summarizes our special charges or recoveries by expense type and business segment (in thousands):
		Special Charges / (Recoveries)
		As of and for the three months ended March 30, 2014
		Energy		Aerospace & Defense			Corporate		Total
	Accrued special charges as of December 31, 2013								$	4,180
	Facility and professional fee related expenses	336		84			—		420
	Employee related expenses	351		15			—		366
	Total restructuring charges	$	687	$	99		$	—	$	786
	Watts settlement	—		—			300		300
	TMW settlement special gain	—		(2,243		)	—		(2,243		)
	Total special charges	$	687	$	(2,144	)	$	300	$	(1,157	)
	Special charges paid								298
	Accrued special charges as of March 30, 2014								$	2,725
	During the three months ended March 31, 2013, we incurred $1.4 million of special charges associated with the 2012 Announced Restructuring actions. The following table summarizes our special charges by expense type and business segment (in thousands):
		Special Charges / (Recoveries)
		As of and for the three months ended March 31, 2013
		Energy		Aerospace & Defense			Corporate		Total
	Accrued special charges as of December 31, 2012								$	800
	Facility and professional fee related expenses	380		539			—		919
	Employee related expenses	72		387			—		459
	Total restructuring charges	$	452	$	926		$	—	$	1,378
	Special charges paid								2,107
	Accrued special charges as of March 31, 2013								$	71
	The following table summarizes our 2012 Announced Restructuring related special charges incurred from the end of the third quarter of 2012 through December 31, 2013. Charges with this action began in the third quarter of 2012 and were finalized in the fourth quarter of 2013.
		2012 Announced Restructuring Charges as of
		30-Mar-14
		Energy		Aerospace & Defense			Corporate		Total
	Facility and professional fee related expenses - incurred to date	2,270		2,854			—		5,124
	Employee related expenses - incurred to date	1,085		968			—		2,053
	Total restructuring related special charges - incurred to date	$	3,355	$	3,822		$	—	$	7,177
	Also, in connection with the 2012 Announced Restructuring special charges noted above, we recorded $1.2 million and $3.6 million of restructuring related inventory obsolescence charges since the third quarter of 2012 for the Energy and Aerospace & Defense segments, respectively. We do not anticipate any additional special charges to be incurred associated with the 2012 Announced Restructuring actions.
	The following table summarizes our 2013 Announced Restructuring related special charges incurred from the third quarter of 2013 through March 30, 2014:
		2013 Announced Restructuring Charges as of
		30-Mar-14
		Energy		Aerospace & Defense			Corporate		Total
	Facility and professional fee related expenses - incurred to date	1,936		473			—		2,409
	Employee related expenses - incurred to date	2,839		1,519			—		4,358
	Total restructuring related special charges - incurred to date	$	4,775	$	1,992		$	—	$	6,767
	Additional special charges that we expect to be recorded with the 2013 Announced Restructuring action are included in the projected amounts below.
	On April 22, 2014, we announced additional restructuring actions, under which we will continue to simplify our businesses. Under this restructuring, we will reduce certain general and administrative expenses and close or consolidate a number of smaller facilities. The savings from these restructuring actions will be utilized for growth investments.
	We expect to incur additional related special charges between $7.9 million and $9.2 million that are primarily facility and employee related during the remainder of 2014 (between $4.3 million and $5.0 million for the Energy segment, between $3.1 million and $3.6 million for the Aerospace & Defense segment, and between $0.5 million and $0.6 million for Corporate) to complete these restructuring actions. These restructuring activities are expected to be funded with cash generated from operations.

ShareBased_Compensation_Tables

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 30, 2014		Mar. 31, 2013
CEO Inducement Award Price Targets [Abstract]	'		'
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Performance-Based Units, Vested and Expected to Vest [Table Text Block]	'		'
	The stock options will vest if the following stock price targets are met based on the stock price closing at or above these targets for 60 consecutive trading days:
	2013 CEO Option Award
	Stock Price Target	Cumulative Vested Portion of Stock Options (in Shares)
	$50.00	50,000
	$60.00	100,000
	$70.00	150,000
	$80.00	200,000
	2013 CFO and 2014 CEO Option Award
	Stock Price Target	Cumulative Vested Portion of Stock Options (in Shares)
	$87.50	25,000
	$100.00	50,000
	$112.50	75,000
	$125.00	100,000
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	'		'
			The average fair value of stock options granted during the first three months of 2014 was $26.32 and was estimated using the following weighted-average assumptions:
			Risk-free interest rate	1.8	%
			Expected life (years)	3.7
			Expected stock volatility	41.4	%
			Expected dividend yield	0.2	%

Inventories_Tables

Inventories (Tables)	3 Months Ended
	Mar. 30, 2014
Inventory, Net [Abstract]	'
Components Of Inventory	'
	Inventories consist of the following (in thousands):
		March 30, 2014		December 31, 2013
	Raw materials	$	62,502	$	59,255
	Work in process	95,826		95,236
	Finished goods	40,872		44,913
		$	199,200	$	199,404

Goodwill_And_Intangible_Assets1

Goodwill And Intangible Assets (Tables)	3 Months Ended
	Mar. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Goodwill, By Segment	'
	The following table shows goodwill by segment as of March 30, 2014 (in thousands):
		Energy		Aerospace & Defense			Consolidated
							Total
	Goodwill as of December 31, 2013	$	52,930	$	22,946		$	75,876
	Currency translation adjustments	118		5			123
	Goodwill as of March 30, 2014	$	53,048	$	22,951		$	75,999
Gross Intangible Assets And Related Accumulated Amortization	'
	The table below presents gross intangible assets and the related accumulated amortization as of March 30, 2014 (in thousands):
		Gross		Accumulated
		Carrying		Amortization
		Amount
	Patents	$	6,068	$	(5,692	)
	Non-amortized intangibles (primarily trademarks and trade names)	17,017		—
	Customer relationships	34,592		(19,594		)
	Backlog	1,150		(1,150		)
	Other	7,614		(5,081		)
	Total	$	66,441	$	(31,517	)
	Net carrying value of intangible assets	$	34,924
Estimated Remaining Amortization Expense For Intangible Assets	'
	The table below presents estimated remaining amortization expense for intangible assets recorded as of March 30, 2014 (in thousands):
		2014		2015			2016		2017		2018		After 2019
	Estimated amortization expense	$	2,335	$	3,102		$	2,815	$	2,679	$	2,423	$	4,536

Segment_Information_Tables

Segment Information (Tables)	3 Months Ended
	Mar. 30, 2014
Segment Reporting [Abstract]	'
Reportable Segment Information	'
	The following table presents certain reportable segment information (in thousands):
		Energy		Aerospace & Defense		Corporate /		Consolidated
						Eliminations		Total
	Three Months Ended March 30, 2014
	Net revenues	$	162,587	$	48,599			$	211,186
	Inter-segment revenues	206		79		(285	)	—
	Operating income (loss)	21,774		6,570		(7,437	)	20,907
	Interest expense, net							918
	Other (income) expense, net							(468		)
	Income before income taxes							$	20,457
	Identifiable assets	600,637		220,402		(67,082	)	753,957
	Capital expenditures	1,773		649		248		2,670
	Depreciation and amortization	2,816		1,727		312		4,855
	Three Months Ended March 31, 2013
	Net revenues	$	157,104	$	48,294			$	205,398
	Inter-segment revenues	222		5		(227	)	—
	Operating income (loss)	16,239		1,938		(5,277	)	12,900
	Interest expense, net							787
	Other (income) expense, net							612
	Income before income taxes							$	11,501
	Identifiable assets	554,838		225,584		(76,312	)	704,110
	Capital expenditures	3,029		1,608		70		4,707
	Depreciation and amortization	2,560		1,323		884		4,767

Earnings_Per_Common_Share_Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 30, 2014
Earnings Per Share [Abstract]	'
Schedule Of Earnings Per Share, Basic And Diluted	'
		Three Months Ended
		March 30, 2014						March 31, 2013
		Net		Shares	Per Share			Net		Shares	Per Share
		Income			Amount			Income			Amount
	Basic Earnings Per Common Share ("EPS")	$	14,632	17,620	$	0.83		$	7,908	17,511	$	0.45
	Dilutive securities, common stock options	—		121	(0.01		)	—		18	0
	Diluted EPS	$	14,632	17,741	$	0.82		$	7,908	17,529	$	0.45

Financial_Instruments_Tables

Financial Instruments (Tables)	3 Months Ended
	Mar. 30, 2014
Fair Value Disclosures [Abstract]	'
Schedule Of Forward Contracts With Contract Values	'
	As of March 30, 2014, we had eleven forward contracts with total values as follows (in thousands):
	Currency	Number	Contract Amount	Currency
	U.S. Dollar/Euro	8	74,494	U.S. Dollars
	Brazilian Real/Euro	3	0	Brazilian Reais

Guarantees_And_Indemnification1

Guarantees And Indemnification Obligations (Tables)	3 Months Ended
	Mar. 30, 2014
Guarantees And Indemnification Obligations [Abstract]	'
Product Warranty Reserves	'
	The following table sets forth information related to our product warranty reserves for the three months ended March 30, 2014 (in thousands):
	Balance beginning December 31, 2013	$	4,194
	Provisions	1,222
	Claims settled	(412		)
	Currency translation adjustment	7
	Balance ending March 30, 2014	$	5,011
	Warranty obligations increased $0.8 million from $4.2 million as of December 31, 2013 to $5.0 million as of March 30, 2014, primarily due to provisions recorded within the Energy segment for isolated product defect claims.

Contingencies_And_Commitments_

Contingencies And Commitments (Tables)	3 Months Ended
	Mar. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Standby Letters Of Credit Instruments	'
	The following table contains information related to standby letters of credit instruments outstanding as of March 30, 2014 (in thousands):
	Term Remaining	Maximum Potential
		Future  Payments
	0–12 months	$	30,222
	Greater than 12 months	15,759
	Total	$	45,981

Defined_Pension_Benefit_Plans_

Defined Pension Benefit Plans (Tables)	3 Months Ended
	Mar. 30, 2014
General Discussion of Pension and Other Postretirement Benefits [Abstract]	'
Components Of Net Pension Benefit Expense	'
	The components of net pension benefit expense are as follows (in thousands):
		Three Months Ended
		March 30,			March 31,
		2014			2013
	Interest cost on benefits obligation	545			491
	Estimated return on assets	(697		)	(591		)
	Loss amortization	127			189
	Net periodic cost of defined pension benefit plans	$	(25	)	$	89

Special_Charges_Tables

Special Charges (Tables)	3 Months Ended
	Mar. 31, 2013
Restructuring Cost and Reserve [Line Items]	'
Schedule of Restructuring and Related Costs	'
		Special Charges / (Recoveries)
		As of and for the three months ended March 30, 2014
		Energy		Aerospace & Defense			Corporate		Total
	Accrued special charges as of December 31, 2013								$	4,180
	Facility and professional fee related expenses	336		84			—		420
	Employee related expenses	351		15			—		366
	Total restructuring charges	$	687	$	99		$	—	$	786
	Watts settlement	—		—			300		300
	TMW settlement special gain	—		(2,243		)	—		(2,243		)
	Total special charges	$	687	$	(2,144	)	$	300	$	(1,157	)
	Special charges paid								298
	Accrued special charges as of March 30, 2014								$	2,725
2012 Announced Restructuring Plan [Member]	'
Restructuring Cost and Reserve [Line Items]	'
Schedule of Restructuring and Related Costs	'
		2012 Announced Restructuring Charges as of
		30-Mar-14
		Energy		Aerospace & Defense			Corporate		Total
	Facility and professional fee related expenses - incurred to date	2,270		2,854			—		5,124
	Employee related expenses - incurred to date	1,085		968			—		2,053
	Total restructuring related special charges - incurred to date	$	3,355	$	3,822		$	—	$	7,177
August 1, 2013 Announced Restructuring Plan [Member]	'
Restructuring Cost and Reserve [Line Items]	'
Schedule of Restructuring and Related Costs	'
		2013 Announced Restructuring Charges as of
		30-Mar-14
		Energy		Aerospace & Defense			Corporate		Total
	Facility and professional fee related expenses - incurred to date	1,936		473			—		2,409
	Employee related expenses - incurred to date	2,839		1,519			—		4,358
	Total restructuring related special charges - incurred to date	$	4,775	$	1,992		$	—	$	6,767

Summary_Of_Significant_Account1

Summary Of Significant Accounting Policies Restructuring Annoucement (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 30, 2014
Maximum [Member]	'
Subsequent Event [Line Items]	'
Expected restructuring costs	$9.20
Minimum [Member]	'
Subsequent Event [Line Items]	'
Expected restructuring costs	$7.90

ShareBased_Compensation_Narrat

Share-Based Compensation (Narrative) (Details) (USD $)

3 Months Ended

3 Months Ended

Mar. 30, 2014

Mar. 30, 2014

Mar. 31, 2013

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 31, 2013

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 31, 2013

Mar. 30, 2014

Mar. 31, 2013

Mar. 30, 2014

Dec. 31, 2013

Mar. 31, 2013

Mar. 30, 2014

Mar. 31, 2013

Selling, General And Administrative [Member]

Selling, General And Administrative [Member]

Stock Options [Member]

Stock Options [Member]

Stock Options [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Restricted Stock Units (RSUs) [Member]

Performance Shares [Member]

Performance Shares [Member]

Restricted Stock Units Management Stock Purchase Plan [Member]

Restricted Stock Units Management Stock Purchase Plan [Member]

Cash Settled Stock Unit Awards [Member]

Cash Settled Stock Unit Awards [Member]

Cash Settled Stock Unit Awards [Member]

Cash Settled Stock Unit Awards [Member]

Cash Settled Stock Unit Awards [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Selling, General and Administrative Expenses [Member]

Selling, General and Administrative Expenses [Member]

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

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based compensation shares authorized

3,000,000

'

'

200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Vesting Period, (in years)

'

'

'

'60 days

'1 year

'5 years

'

'

'2 years

'6 years

'

'

'3 years

'

'

'

'

'

'

Expiration period

'

'

'

'

'7 years

'10 years

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock options outstanding

'

'

'

505,007

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

RSU outstanding

251,664

'

'

'

'

'

'

'

'

'

'

'

'

'

42,365

'

44,327

'

'

Shares available for grant

259,453

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Rights to nonforfeitable dividend equivalents participating securities

'

'

'

'

'

'

1,010

'

'

'

'

'

'

'

'

'

'

'

'

Restricted stock units granted

'

'

'

'

'

'

31,954

109,468

'

'

11,881

24,641

32,752

28,463

'

'

'

'

'

Granted RSU awards fair value

'

'

'

'

'

'

$71.75

$42.12

'

'

'

'

'

'

'

'

'

'

'

Performance target threshold (as a percent)

'

'

'

'

'

'

'

'

0.00%

200.00%

'

'

'

'

'

'

'

'

'

Discount rate granted for RSU MSPs

'

'

'

'

'

'

'

'

'

'

'

'

33.00%

'

'

'

'

'

'

Award discount from market price amortization period

'

'

'

'

'

'

'

'

'

'

'

'

'four

'

'

'

'

'

'

Restricted stock units discount amount

'

'

'

'

'

'

'

'

'

'

'

'

$23.61

$13.90

'

'

'

'

'

Compensation expense

'

$1,800,000

$1,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$100,000

$300,000

Unrecognized compensation costs

17,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted average period of recognition of compensation expense (in years)

'2 years 4 months 28 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted average contractual term for stock options outstanding, years

'8 years 10 months 17 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted average contractual term for stock options exercisable, years

'7 years 9 months 23 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate intrinsic value of stock options exercised

'

'

'

200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate intrinsic value of stock options outstanding

'

'

'

7,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate intrinsic value of stock options exercisable

'

'

'

2,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate intrinsic value of RSU Awards / RSU MSPs

'

'

'

'

'

'

1,600,000

'

'

'

'

'

800,000

'

'

'

'

'

'

Aggregate intrinsic value of RSU Awards outstanding

'

'

'

'

'

'

12,400,000

'

'

'

'

'

2,900,000

'

'

'

'

'

'

Aggregate intrinsic value of RSU Awards vested and deferred

'

'

'

'

'

'

72,000

'

'

'

'

'

0

'

'

'

'

'

'

Cash used to settle awards

'

'

'

'

'

'

'

'

'

'

'

'

'

'

600,000

'

'

'

'

Accrued expenses and current liabilities for Cash Settled Stock Unit Awards

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$1,000,000

$600,000

'

'

'

ShareBased_Compensation_Schedu

Share-Based Compensation (Schedule Of Estimated Weighted-Average Assumptions Of Stock Options) (Details)	3 Months Ended
	Mar. 30, 2014	Mar. 31, 2013
Share-based Compensation [Abstract]	'	'
Risk-free interest rate	2.00%	'
Expected life	'3 years 8 months 22 days	'
Expected stock volatility	41.40%	'
Expected dividend yield	'	0.20%

ShareBased_Compensation_CEO_In

Share-Based Compensation CEO Inducement Stock Award (Details) (USD $)	3 Months Ended
	Mar. 30, 2014
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]	'
Share-based compensation shares authorized	3,000,000
Stock Options [Member]	'
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]	'
Share-based compensation shares authorized	200,000
Exercise Price of CEO Stock Option Inducement Award	$41.17
CEO Inducement Award Max Term	'10 years
Award Forfeit Period	'5 years
Stock options granted (in shares)	164,503
Grant Date Fair Value (in usd per share)	$26.32
Award Vesting Period	'60 days
Stock Options [Member] | $50.00 [Member]	'
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]	'
Number of stock options exercisable (in shares)	37,500
Vesting Year 1 [Member] | Stock Options [Member]	'
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]	'
Award Vesting Percentage	25.00%
Vesting Year 2 [Member] | Stock Options [Member]	'
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]	'
Award Vesting Percentage	50.00%
Vesting Year 3 [Member] | Stock Options [Member]	'
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]	'
Award Vesting Percentage	100.00%

ShareBased_Compensation_ShareB

Share-Based Compensation Share-Based Compensation (CEO & CFO Inducement Stock Award) (Details) (Stock Options [Member], USD $)

3 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

3 Months Ended

Mar. 30, 2014

Mar. 05, 2014

Mar. 30, 2014

Dec. 02, 2013

Mar. 30, 2014

Aug. 08, 2013

Mar. 30, 2014

Mar. 30, 2014

Jan. 06, 2014

Mar. 30, 2014

Mar. 30, 2014

Jan. 28, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Chief Executive Officer [Member]

Chief Executive Officer [Member]

Chief Financial Officer [Member]

$50.00 [Member]

$50.00 [Member]

$50.00 [Member]

$50.00 [Member]

$60.00 [Member]

$60.00 [Member]

$60.00 [Member]

$70.00 [Member]

$70.00 [Member]

$70.00 [Member]

$80.00 [Member]

$80.00 [Member]

Chief Executive Officer [Member]

Chief Executive Officer [Member]

Chief Financial Officer [Member]

Chief Executive Officer [Member]

Chief Executive Officer [Member]

Chief Financial Officer [Member]

Chief Executive Officer [Member]

Chief Executive Officer [Member]

Chief Financial Officer [Member]

Chief Executive Officer [Member]

Chief Financial Officer [Member]

Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock options granted (in shares)

'

100,000

'

100,000

'

'

'

'

'

'

'

'

'

'

'

'

Exercise Price of CEO Stock Option Inducement Award

$41.17

$70.42

'

$79.33

'

'

'

'

'

'

'

'

'

'

'

'

Stock Price Target

'

'

'

'

'

$50

$50

$87.50

$60

$60

$100

$70

$70

$112.50

$80

$125

Cumulative Vested portion of stock options (in shares)

'

'

150,000

'

'

'

50,000

25,000

'

100,000

50,000

'

150,000

75,000

200,000

100,000

Number of stock options exercisable (in shares)

'

'

'

'

37,500

'

'

'

'

'

'

'

'

'

'

'

Inventories_Components_Of_Inve

Inventories (Components Of Inventory) (Details) (USD $)	Mar. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Inventory, Net [Abstract]	'	'
Raw materials	$62,502	$59,255
Work in process	95,826	95,236
Finished goods	40,872	44,913
Inventories	$199,200	$199,404

Goodwill_And_Intangible_Assets2

Goodwill And Intangible Assets (Goodwill, By Segment) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 30, 2014
Goodwill [Line Items]	'
Goodwill as of December 31, 2013	$75,876
Currency translation adjustments	123
Goodwill as of March 30, 2014	75,999
Energy [Member]	'
Goodwill [Line Items]	'
Goodwill as of December 31, 2013	52,930
Currency translation adjustments	118
Goodwill as of March 30, 2014	53,048
Aerospace [Member]	'
Goodwill [Line Items]	'
Goodwill as of December 31, 2013	22,946
Currency translation adjustments	5
Goodwill as of March 30, 2014	$22,951

Goodwill_And_Intangible_Assets3

Goodwill And Intangible Assets (Gross Intangible Assets And Related Accumulated Amortization) (Details) (USD $)	Mar. 30, 2014
In Thousands, unless otherwise specified
Intangible Assets [Line Items]	'
Gross Carrying Amount	$66,441
Accumulated Amortization	-31,517
Net carrying value of intangible assets	34,924
Patents [Member]	'
Intangible Assets [Line Items]	'
Gross Carrying Amount	6,068
Accumulated Amortization	-5,692
Non-amortized intangibles (primarily trademarks and trade names) [Member]	'
Intangible Assets [Line Items]	'
Accumulated Amortization	0
Non-amortized intangibles	17,017
Customer relationships [Member]	'
Intangible Assets [Line Items]	'
Gross Carrying Amount	34,592
Accumulated Amortization	-19,594
Backlog [Member]	'
Intangible Assets [Line Items]	'
Gross Carrying Amount	1,150
Accumulated Amortization	-1,150
Other [Member]	'
Intangible Assets [Line Items]	'
Gross Carrying Amount	7,614
Accumulated Amortization	($5,081)

Goodwill_And_Intangible_Assets4

Goodwill And Intangible Assets (Estimated Remaining Amortization Expense For Intangible Assets) (Details) (USD $)	Mar. 30, 2014
In Thousands, unless otherwise specified
Goodwill and Intangible Assets Disclosure [Abstract]	'
2013	$2,335
2014	3,102
2015	2,815
2016	2,679
2017	2,423
After 2017	$4,536

Segment_Information_Reportable

Segment Information (Reportable Segment Information) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013	Dec. 31, 2013
Segment Reporting Information [Line Items]	'	'	'
Net revenues	$211,186	$205,398	'
Inter-segment revenues	0	0	'
Operating income (loss)	20,907	12,900	'
Interest expense	918	787	'
Other income, net	-468	612	'
INCOME BEFORE INCOME TAXES	20,457	11,501	'
Identifiable assets	753,957	704,110	726,650
Capital expenditures	2,670	4,707	'
Depreciation and amortization	4,855	4,767	'
Energy [Member]	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Net revenues	162,587	157,104	'
Inter-segment revenues	206	222	'
Operating income (loss)	21,774	16,239	'
Identifiable assets	600,637	554,838	'
Capital expenditures	1,773	3,029	'
Depreciation and amortization	2,816	2,560	'
Aerospace [Member]	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Net revenues	48,599	48,294	'
Inter-segment revenues	79	5	'
Operating income (loss)	6,570	1,938	'
Identifiable assets	220,402	225,584	'
Capital expenditures	649	1,608	'
Depreciation and amortization	1,727	1,323	'
Corporate/Eliminations [Member]	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Net revenues	'	'	'
Inter-segment revenues	-285	-227	'
Operating income (loss)	-7,437	-5,277	'
Identifiable assets	-67,082	-76,312	'
Capital expenditures	248	70	'
Depreciation and amortization	312	884	'
Corporate Identifiable Assets After Elimination Of Intercompany Assets [Member]	'	'	'
Segment Reporting Information [Line Items]	'	'	'
Identifiable assets	$46,100	$42,000	'

Earnings_Per_Common_Share_Deta

Earnings Per Common Share (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Net income	$14,632	$7,908
Basic Earnings Per Common Share (EPS), Shares	17,620,000	17,511,000
Basic EPS, Per Share Amount	$0.83	$0.45
Dilutive securities, common stock options, Shares	121,000	18,000
Dilutive securities, common stock options, Per Share Amount	($0.01)	$0
Diluted EPS, Shares	17,741,000	17,529,000
Diluted EPS, Per Share Amount	$0.82	$0.45
Stock Options [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Anti-dilutive options and RSUs, shares	152,599	'
RSU Awards [Member]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Anti-dilutive options and RSUs, shares	'	308,060

Financial_Instruments_Narrativ

Financial Instruments (Narrative) (Details) (USD $)	Mar. 30, 2014	Dec. 31, 2013	Mar. 30, 2014
In Millions, unless otherwise specified	Forward_Contracts	Forward_Contracts	Maximum [Member]
Derivative [Line Items]	'	'	'
Number of forward contracts	11	14	'
Fair value asset of derivative forward contracts	$0.10	$0.10	'
Foreign Currency Transaction Gain (Loss), Unrealized	'	'	$0.50

Financial_Instruments_Schedule

Financial Instruments (Schedule Of Forward Contracts With Contract Values) (Details)	Mar. 30, 2014	Dec. 31, 2013	Mar. 30, 2014	Mar. 30, 2014
In Thousands, unless otherwise specified	Forward_Contracts	Forward_Contracts	U S Dollar/ Euro [Member]	Brazilian Real/Euro [Member]
			USD ($)	BRL
			Forward_Contracts	Forward_Contracts
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]	'	'	'	'
Number	11	14	8	3
Contract Amount	'	'	$74,494	0

Guarantees_And_Indemnification2

Guarantees And Indemnification Obligations (Product Warranty Reserves) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 30, 2014
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]	'
Balance beginning December 31, 2012	$4,194
Provisions	1,222
Claims settled	-412
Currency translation adjustments	7
Balance ending June 30, 2013	5,011
Liability for indemnification agreements	$0

Contingencies_And_Commitments_1

Contingencies And Commitments (Narrative) (Details) (USD $)	0 Months Ended	3 Months Ended		3 Months Ended		12 Months Ended
	Jan. 24, 2014	Mar. 30, 2014	Mar. 28, 2014	Mar. 30, 2014	Mar. 30, 2014	Dec. 31, 2013
				Minimum [Member]	Maximum [Member]	Pending Litigation [Member]
Contingencies, Commitments And Guarantees [Line Items]	'	'	'	'	'	'
Gain from settlement of TMW litigation	$2,200,000	($2,243,000)	'	'	'	'
Aggregate amount of claims	'	'	'	'	'	4,200,000
Watts settlement agreement amount	'	1,500,000	1,500,000	'	'	'
Aggregate notional value standby letters of credit	'	$45,981,000	'	'	'	'
Expiration period, minimum in months and maximum in years	'	'	'	'1 month	'5 years	'

Contingencies_And_Commitments_2

Contingencies And Commitments (Standby Letters Of Credit Instruments) (Details) (USD $)	Mar. 30, 2014
In Thousands, unless otherwise specified
Contingencies, Commitments And Guarantees [Line Items]	'
Total	$45,981
0-12 months [Member]	'
Contingencies, Commitments And Guarantees [Line Items]	'
Total	30,222
Greater than 12 months [Member]	'
Contingencies, Commitments And Guarantees [Line Items]	'
Total	$15,759

Defined_Pension_Benefit_Plans_1

Defined Pension Benefit Plans (Narrative) (Details) (Qualified Plan [Member], USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 30, 2014
Qualified Plan [Member]	'
Defined Benefit Plan Disclosure [Line Items]	'
Cash contributions to defined benefit pension plan	$0.40

Defined_Pension_Benefit_Plans_2

Defined Pension Benefit Plans (Components Of Net Pension Benefit Expense) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 30, 2014	Mar. 31, 2013
General Discussion of Pension and Other Postretirement Benefits [Abstract]	'	'
Interest cost on benefits obligation	$545	$491
Estimated return on assets	-697	-591
Loss amortization	127	189
Net periodic cost of defined benefit plans	($25)	$89

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 30, 2014	Dec. 31, 2013
Income Tax Contingency [Line Items]	'	'
Deferred Tax Assets, Valuation Allowance	($13.80)	($13.90)
Unrecognized tax benefits that would impact effective tax rate	1.9	1.6
Unrecognized tax benefits that would affect the effective tax rate if recognized	1.2	0.9
Accrued interest related to uncertain tax positions	$0.90	'
Effective income tax rate, expected rate for fiscal year	28.00%	'
Effective income tax rate	28.50%	'

Special_Charges_Details

Special Charges (Details) (USD $)

0 Months Ended

3 Months Ended

18 Months Ended

9 Months Ended

In Thousands, unless otherwise specified

Mar. 28, 2014

Jan. 24, 2014

Mar. 30, 2014

Mar. 31, 2013

Mar. 30, 2014

Mar. 31, 2013

Mar. 30, 2014

Mar. 31, 2013

Mar. 30, 2014

Mar. 31, 2013

Mar. 30, 2014

Mar. 31, 2013

Mar. 30, 2014

Mar. 31, 2013

Mar. 30, 2014

Mar. 31, 2013

Mar. 30, 2014

Mar. 31, 2013

Mar. 30, 2014

Mar. 31, 2013

Mar. 30, 2014

Mar. 31, 2013

Mar. 30, 2014

Mar. 31, 2013

Mar. 30, 2014

Mar. 31, 2013

Mar. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Facility Closing [Member]

Facility Closing [Member]

Employee Severance [Member]

Employee Severance [Member]

Energy Segment [Member]

Energy Segment [Member]

Energy Segment [Member]

Energy Segment [Member]

Energy Segment [Member]

Energy Segment [Member]

Aerospace [Member]

Aerospace [Member]

Aerospace [Member]

Aerospace [Member]

Aerospace [Member]

Aerospace [Member]

Corporate [Member]

Corporate [Member]

Corporate [Member]

Corporate [Member]

Corporate [Member]

Corporate [Member]

2012 Announced Restructuring Plan [Member]

2012 Announced Restructuring Plan [Member]

2012 Announced Restructuring Plan [Member]

2012 Announced Restructuring Plan [Member]

2012 Announced Restructuring Plan [Member]

2012 Announced Restructuring Plan [Member]

2012 Announced Restructuring Plan [Member]

2012 Announced Restructuring Plan [Member]

2012 Announced Restructuring Plan [Member]

2012 Announced Restructuring Plan [Member]

2012 Announced Restructuring Plan [Member]

2012 Announced Restructuring Plan [Member]

2012 Announced Restructuring Plan [Member]

August 1, 2013 Announced Restructuring Plan [Member]

August 1, 2013 Announced Restructuring Plan [Member]

August 1, 2013 Announced Restructuring Plan [Member]

August 1, 2013 Announced Restructuring Plan [Member]

August 1, 2013 Announced Restructuring Plan [Member]

August 1, 2013 Announced Restructuring Plan [Member]

August 1, 2013 Announced Restructuring Plan [Member]

August 1, 2013 Announced Restructuring Plan [Member]

August 1, 2013 Announced Restructuring Plan [Member]

August 1, 2013 Announced Restructuring Plan [Member]

August 1, 2013 Announced Restructuring Plan [Member]

August 1, 2013 Announced Restructuring Plan [Member]

Facility Closing [Member]

Facility Closing [Member]

Employee Severance [Member]

Employee Severance [Member]

Facility Closing [Member]

Facility Closing [Member]

Employee Severance [Member]

Employee Severance [Member]

Facility Closing [Member]

Facility Closing [Member]

Employee Severance [Member]

Employee Severance [Member]

Facility Closing [Member]

Employee Severance [Member]

Energy Segment [Member]

Aerospace [Member]

Corporate [Member]

Employee Severance [Member]

Employee Severance [Member]

Employee Severance [Member]

Facility Closing [Member]

Facility Closing [Member]

Facility Closing [Member]

Facility Closing [Member]

Employee Severance [Member]

Energy Segment [Member]

Aerospace [Member]

Corporate [Member]

Employee Severance [Member]

Employee Severance [Member]

Employee Severance [Member]

Facility Closing [Member]

Facility Closing [Member]

Facility Closing [Member]

Energy Segment [Member]

Aerospace [Member]

Corporate [Member]

Energy Segment [Member]

Aerospace [Member]

Corporate [Member]

Energy Segment [Member]

Aerospace [Member]

Corporate [Member]

Energy Segment [Member]

Aerospace [Member]

Corporate [Member]

Restructuring Cost and Reserve [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restructuring and Related Cost, Cost Incurred to Date

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$7,177

$5,124

$2,053

$3,355

$3,822

$0

$1,085

$968

$0

$2,270

$2,854

$0

$6,767

$2,409

$4,358

$4,775

$1,992

$0

$2,839

$1,519

$0

$1,936

$473

$0

Restructuring Reserve [Roll Forward]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restructuring Reserve Beginning of Period

'

'

4,180

800

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restructuring charges

'

'

786

1,378

420

919

366

459

687

452

336

380

351

72

99

926

84

539

15

387

0

0

0

0

0

0

1,400

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Watts settlement

300

'

300

'

'

'

'

'

0

'

'

'

'

'

0

'

'

'

'

'

300

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gain from settlement of TMW litigation

'

2,200

-2,243

'

'

'

'

'

0

'

'

'

'

'

-2,243

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other Nonrecurring Expense

'

'

-1,157

'

'

'

'

'

687

'

'

'

'

'

-2,144

'

'

'

'

'

300

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restructuring Reserve, Settled with Cash

'

'

298

2,107

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restructuring Reserve End of Period

'

'

$2,725

$71

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

'

'

Special_Charges_Narrative_Deta

Special Charges Narrative (Details) (USD $)

0 Months Ended

3 Months Ended

Mar. 28, 2014

Jan. 24, 2014

Mar. 30, 2014

Mar. 31, 2013

Mar. 30, 2014

Mar. 31, 2013

Sep. 30, 2012

Mar. 30, 2014

Mar. 31, 2013

Mar. 30, 2014

Mar. 31, 2013

Sep. 30, 2012

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 30, 2014

Mar. 31, 2013

segment

segment

Energy Segment [Member]

Energy Segment [Member]

Energy Segment [Member]

Corporate [Member]

Corporate [Member]

Aerospace [Member]

Aerospace [Member]

Aerospace [Member]

Minimum [Member]

Minimum [Member]

Minimum [Member]

Minimum [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

Maximum [Member]

2013 Announced Restructuring Plan [Member]

2012 Announced Restructuring Plan [Member]

Energy Segment [Member]

Corporate [Member]

Aerospace [Member]

Energy Segment [Member]

Corporate [Member]

Aerospace [Member]

Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other restructuring costs

'

'

'

'

'

'

$1,200,000

'

'

'

'

$3,600,000

'

'

'

'

'

'

'

'

'

'

Watts settlement agreement amount

1,500,000

'

1,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of operating segments

'

'

2

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expected restructuring costs

'

'

'

'

'

'

'

'

'

'

'

'

7,900,000

4,300,000

500,000

3,100,000

9,200,000

5,000,000

600,000

3,600,000

'

'

Restructuring charges

'

'

786,000

1,378,000

687,000

452,000

'

0

0

99,000

926,000

'

'

'

'

'

'

'

'

'

800,000

1,400,000

Gain from settlement of TMW litigation

'

2,200,000

-2,243,000

'

0

'

'

0

'

-2,243,000

'

'

'

'

'

'

'

'

'

'

'

'

Watts settlement

$300,000

'

$300,000

'

$0

'

'

$300,000

'

$0

'

'

'

'

'

'

'

'

'

'

'

'