Circor International (CIR) 10-Q 29 Jul 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jul. 05, 2015	Jul. 24, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	CIRCOR INTERNATIONAL INC
Entity Central Index Key	1,091,883
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jul. 5, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		16,472,599

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 05, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash, cash equivalents and short term investments	$ 55,027	$ 121,372
Trade accounts receivable, less allowance for doubtful accounts of $10,195 and $9,536, respectively	144,183	156,738
Inventories	211,382	183,434
Prepaid expenses and other current assets	24,571	21,626
Deferred income tax asset	24,854	22,861
Total Current Assets	460,017	506,031
PROPERTY, PLANT AND EQUIPMENT, NET	91,779	96,212
OTHER ASSETS:
Goodwill	122,797	72,430
Intangibles, net	57,094	26,887
Deferred income tax asset	14,634	19,048
Restricted cash	904	1,255
Other assets	2,472	2,859
TOTAL ASSETS	749,697	724,722
CURRENT LIABILITIES:
Accounts payable	82,061	87,112
Accrued expenses and other current liabilities	61,339	65,223
Accrued compensation and benefits	19,336	24,728
Notes payable and current portion of long-term debt	7,450	8,423
Total Current Liabilities	170,186	185,486
LONG-TERM DEBT, NET OF CURRENT PORTION	106,628	5,261
DEFERRED INCOME TAXES	17,941	7,771
OTHER NON-CURRENT LIABILITIES	30,640	32,111
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; 16,472,599 and 17,681,955 shares issued and outstanding at July 5, 2015 and December 31, 2014, respectively	177	177
Additional paid-in capital	281,191	277,227
Retained earnings	263,341	250,635
Common treasury stock, at cost (1,254,721 shares at July 5, 2015)	(69,517)	0
Accumulated other comprehensive loss, net of taxes	(50,890)	(33,946)
Total Shareholders’ Equity	424,302	494,093
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 749,697	$ 724,722

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 05, 2015	Dec. 31, 2014
Trade accounts receivable, allowance for doubtful accounts	$ 10,195	$ 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	16,472,599	17,681,955
Common Stock, Shares, Outstanding	16,472,599	17,681,955

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 05, 2015	Jun. 29, 2014	Jul. 05, 2015	Jun. 29, 2014
Net revenues	$ 166,906	$ 207,884	$ 332,766	$ 419,070
Cost of revenues	116,112	148,184	229,323	294,731
GROSS PROFIT	50,794	59,700	103,443	124,339
Selling, general and administrative expenses	39,885	42,609	77,973	87,498
Special charges, net	3,310	1,257	4,821	100
OPERATING INCOME	7,599	15,834	20,649	36,741
Other expense (income):
Interest expense, net	805	891	1,446	1,809
Other (income), net	(104)	(384)	(610)	(853)
TOTAL OTHER EXPENSE, NET	701	507	836	956
INCOME BEFORE INCOME TAXES	6,898	15,328	19,813	35,785
Provision for income taxes	2,517	3,402	5,800	9,227
NET INCOME	$ 4,381	$ 11,926	$ 14,013	$ 26,558
Earnings per common share:
Basic	$ 0.26	$ 0.68	$ 0.81	$ 1.51
Diluted	$ 0.26	$ 0.67	$ 0.81	$ 1.50
Weighted average number of common shares outstanding:
Basic	16,828	17,665	17,245	17,643
Diluted	16,900	17,767	17,306	17,754
Dividends paid per common share	$ 0.0375	$ 0.0375	$ 0.0750	$ 0.0750

Statements Of Consolidated Comp

Statements Of Consolidated Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 05, 2015	Jun. 29, 2014	Jul. 05, 2015	Jun. 29, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 4,381	$ 11,926	$ 14,013	$ 26,558
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	8,506	1,566	(16,944)	851
Other comprehensive income (loss)	8,506	1,566	(16,944)	851
COMPREHENSIVE INCOME (LOSS)	$ 12,887	$ 13,492	$ (2,931)	$ 27,409

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - Scenario, Unspecified [Domain] - USD ($) $ in Thousands	6 Months Ended
	Jul. 05, 2015	Jun. 29, 2014
OPERATING ACTIVITIES
Net income	$ 14,013	$ 26,558
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation	7,150	8,185
Amortization	3,537	1,591
Compensation expense of share-based plans	4,122	4,020
Tax effect of share-based plan compensation	(287)	(971)
Loss (gain) on write down of property, plant and equipment	377	(54)
(Gain) on sale of business	(972)	0
Change in operating assets and liabilities, net of effects of acquisition
Trade accounts receivable, net	10,913	(23,705)
Inventories	(27,875)	3,600
Prepaid expenses and other assets	(10,475)	143
Accounts payable, accrued expenses and other liabilities	(8,869)	7,988
Net cash (used in) provided by operating activities	(8,366)	27,355
INVESTING ACTIVITIES
Purchases of property, plant and equipment	(5,567)	(5,603)
Proceeds from the sale of property, plant and equipment	0	32
Proceeds from the sale of affiliate	2,759	0
Business acquisition, net of cash acquired	79,983	0
Net cash (used in) investing activities	(82,791)	(5,571)
FINANCING ACTIVITIES
Proceeds from long-term debt	202,380	81,910
Payments of long-term debt	(100,533)	(88,776)
Dividends paid	(1,308)	(1,341)
Proceeds from the exercise of stock options	70	237
Tax effect of share-based plan compensation	287	971
Purchases of common stock	(69,517)	0
Net cash provided by (used in) financing activities	31,379	(6,999)
Effect of exchange rate changes on cash and cash equivalents	(6,567)	(639)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(66,345)	14,146
Cash and cash equivalents at beginning of period	121,372	102,266
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 55,027	$ 116,412

Basis Of Presentation

Basis Of Presentation	6 Months Ended
	Jul. 05, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis Of Presentation	Basis of Presentation The accompanying unaudited, condensed consolidated financial statements have been prepared according to the rules and regulations of the United States (the "U.S.") 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 consolidated financial statements. Certain information and note disclosures normally included in the annual audited consolidated financial statements have been condensed or omitted in accordance with prescribed SEC rules. We believe that the disclosures made in our condensed consolidated financial statements and the accompanying notes are adequate to make the information presented not misleading. The consolidated balance sheet at December 31, 2014 is as reported in our audited consolidated financial statements as of that date. Our accounting policies are described in the notes to our December 31, 2014 consolidated 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, 2014 . 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 six months ended July 5, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015 . During the three-months ended July 5, 2015, the Company identified that it incorrectly classified certain items on the statement of cash flows for the quarter ended April 5, 2015. This resulted in overstating operating cash flows, overstating investing cash flows, and understating financing cash flows by $2.8 million , $0.6 million , and $3.4 million , respectively. Management believes the adjustment is immaterial to the quarter ended April 5, 2015. The Company recorded non-cash property and equipment of $1.2 million in the six-months ended July 5, 2015 compared to $0.7 million in the six months ended June 29, 2014.

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	6 Months Ended
	Jul. 05, 2015
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 six months ended July 5, 2015 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, 2014 . In May 2014, the Financial Accounting Standards Board ("FASB") issued ASU 2014-09, Revenue from Contracts with Customers. ASU 2014-09 outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will replace most existing revenue recognition guidance in GAAP when it becomes effective. ASU 2014-09 is effective for fiscal years and interim periods within those years beginning after December 15, 2017. Early adoption is not permitted for annual periods beginning after December 15, 2016. An entity should apply ASU 2014-09 either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying the ASU recognized as an adjustment to the opening balance of retained earnings at the date of initial application. We expect the adoption of ASU 2014-09 will impact our consolidated financial statements. There were no additional new accounting pronouncements adopted during the six months ended July 5, 2015 .

Inventories

Inventories	6 Months Ended
	Jul. 05, 2015
Inventory, Net [Abstract]
Inventories	Inventories Inventories consist of the following (in thousands): July 5, 2015 December 31, 2014 Raw materials $ 68,613 $ 57,505 Work in process 96,441 82,130 Finished goods 46,328 43,799 Total inventories $ 211,382 $ 183,434

Business Acquisitions

Business Acquisitions	6 Months Ended
	Jul. 05, 2015
Business Combinations [Abstract]
Business Acquisitions	Business Acquisition On April 15, 2015, we acquired all of the outstanding equity interest of Germany-based Schroedahl, a privately-owned manufacturer of safety and control valves primarily in the power generation market. Founded in 1962 with customers in Asia, Europe and the Americas, Schroedahl designs and manufactures custom-engineered high-pressure auto-recirculation and control valves primarily for pump protection applications. We acquired Schroedahl for an aggregate purchase price of $79.7 million in cash, net of acquired cash. We acquired Schroedahl to further increase our penetration into the power generation market. The operating results of Schroedahl have been included in our consolidated financial statements from the date of acquisition reported within the Energy segment. Acquisition-related costs of $0.8 million , which primarily consisted of legal and financial advisory services, were expensed as incurred in general and administrative expense during the six months ended July 5, 2015. We financed the acquisition of Schroedahl through cash on hand and net borrowings of approximately $24 million under our existing credit facility. The purchase price allocation is based upon a preliminary valuation of assets and liabilities that were prepared with assistance from a third party valuation specialist. The estimates and assumptions are subject to change as we obtain additional information during the measurement period (up to one year from the acquisition date). The purchase accounting is expected to be finalized by the end of fiscal 2015. The assets and liabilities pending finalization include the valuation of acquired intangible assets, certain operating liabilities, and the evaluation of deferred income taxes. Differences between the preliminary and final valuation could have a material impact on our future results of operations and financial position. The following table summarizes the preliminary fair value of the assets acquired and the liabilities assumed, at the date of acquisition: (in thousands) Cash and cash equivalents $ 36,316 Other current assets 11,959 Property and equipment 1,999 Intangible assets 32,829 Current liabilities (5,529 ) Deferred tax liability (10,450 ) Other long term liabilities (642 ) Total identifiable net assets 66,482 Goodwill 49,571 Total purchase price $ 116,053 The estimated fair value of accounts receivable acquired approximates the contractual value of $4.6 million . The estimated goodwill recognized is attributable primarily to projected future profitable growth, market penetration, as well as an expanded customer base for the Energy segment. On a preliminary basis, we expect that a portion of the goodwill arising from the acquisition will be deductible for income tax purposes. The Schroedahl acquisition resulted in the identification of the following identifiable intangible assets: (in thousands) Intangible assets acquired Weighted average amortization period (in years) Customer relationships 22,185 7 Order backlog 3,993 1 Acquired technology 2,260 10 Trade name 4,391 Indefinite Total intangible assets $ 32,829 The fair value of the intangible assets was based on variations of the income approach, which estimates fair value based on the present value of cash flows that the assets are expected to generate which included the relief-from-royalty method, incremental cash flow method, multi-period excess earnings method and direct cash flow method, depending on the intangibles asset being valued. Customer relationships, order backlog, and acquired technology are amortized on a cash flow basis. The trade name was assigned an indefinite life based on the Company’s intention to keep the Schroedahl name for an indefinite period of time. Refer to Note 5 for future expected amortization to be recorded. The results of operations of Schroedahl have been included in our consolidated financial statements beginning on the acquisition date. The results include $5.2 million of revenue and an operations loss of $0.5 million for the three months ended July 5, 2015. Pro forma results of operations for the acquisition have not been presented because the effects of the acquisition are not material to the Company's consolidated financial results.

Goodwill And Intangible Assets

Goodwill And Intangible Assets	6 Months Ended
	Jul. 05, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill And Intangible Assets	Goodwill and Intangible Assets The following table shows goodwill by segment as of July 5, 2015 (in thousands): Energy Aerospace & Defense Consolidated Total Goodwill as of December 31, 2014 $ 49,995 $ 22,435 $ 72,430 Business Acquisition 49,571 — 49,571 Currency translation adjustments 929 (133 ) 796 Goodwill as of July 5, 2015 $ 100,495 $ 22,302 $ 122,797 The table below presents gross intangible assets and the related accumulated amortization as of July 5, 2015 (in thousands): Gross Carrying Amount Accumulated Amortization Patents $ 6,070 $ (5,758 ) Non-amortized intangibles (primarily trademarks and trade names) 16,417 — Customer relationships 53,559 (20,341 ) Backlog 5,252 (1,984 ) Other 9,210 (5,331 ) Total $ 90,508 $ (33,414 ) Net carrying value of intangible assets $ 57,094 The table below presents estimated remaining amortization expense for intangible assets recorded as of July 5, 2015 (in thousands): 2015 2016 2017 2018 2019 After 2019 Estimated amortization expense $ 6,189 $ 10,099 $ 8,037 $ 6,247 $ 4,617 $ 5,488

Segment Information

Segment Information	6 Months Ended
	Jul. 05, 2015
Segment Reporting [Abstract]
Segment Information	Segment Information The following table presents certain reportable segment information (in thousands): Energy Aerospace & Defense Corporate / Eliminations Consolidated Total Three Months Ended July 5, 2015 Net revenues $ 127,230 $ 39,676 $ — $ 166,906 Inter-segment revenues 253 18 (271 ) — Operating income (loss) 11,679 1,397 (5,477 ) 7,599 Interest expense, net 805 Other (income) expense, net (104 ) Income before income taxes $ 6,898 Identifiable assets 825,572 187,932 (263,807 ) 749,697 Capital expenditures 2,108 1,174 355 3,637 Depreciation and amortization 4,650 1,491 315 6,456 Three Months Ended June 29, 2014 Net revenues $ 160,581 $ 47,303 $ — $ 207,884 Inter-segment revenues 339 52 (391 ) — Operating income (loss) 22,992 (2,235 ) (4,923 ) 15,834 Interest expense, net 891 Other (income) expense, net (384 ) Income before income taxes $ 15,328 Identifiable assets 628,626 213,114 (82,654 ) 759,086 Capital expenditures 1,707 1,039 187 2,933 Depreciation and amortization 2,910 1,717 294 4,921 Six Months Ended July 5, 2015 Net revenues $ 254,816 $ 77,950 $ — $ 332,766 Inter-segment revenues 503 101 (604 ) — Operating income (loss) 28,330 4,250 (11,931 ) 20,649 Interest expense, net 1,446 Other (income) expense, net (610 ) Income before income taxes $ 19,813 Identifiable assets 825,572 187,932 (263,807 ) 749,697 Capital expenditures 3,424 1,649 547 5,620 Depreciation and amortization 7,083 3,021 583 10,687 Six Months Ended June 29, 2014 Net revenues $ 323,167 $ 95,903 $ — $ 419,070 Inter-segment revenues 545 131 (676 ) — Operating income (loss) 44,767 4,335 (12,361 ) 36,741 Interest expense, net 1,809 Other (income) expense, net (853 ) Income before income taxes $ 35,785 Identifiable assets 628,626 213,114 (82,654 ) 759,086 Capital expenditures 3,479 1,688 435 5,603 Depreciation and amortization 5,727 3,443 606 9,776 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, 2014 . 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; Board of Director compensation; 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 July 5, 2015 and June 29, 2014 . Corporate Identifiable Assets after elimination of intercompany assets were $21.9 million and $37.9 million as of July 5, 2015 and June 29, 2014 , respectively.

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Jul. 05, 2015
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share (in thousands, except per share amounts) Three Months Ended July 5, 2015 June 29, 2014 Net Income Shares Per Share Amount Net Income Shares Per Share Amount Basic EPS $ 4,381 16,828 $ 0.26 $ 11,926 17,665 $ 0.68 Dilutive securities, common stock options — 72 0.00 — 102 (0.01 ) Diluted EPS $ 4,381 16,900 $ 0.26 $ 11,926 17,767 $ 0.67 Six Months Ended July 5, 2015 June 29, 2014 Net Income Shares Per Share Amount Net Income Shares Per Share Amount Basic EPS $ 14,013 17,245 $ 0.81 $ 26,558 17,643 $ 1.51 Dilutive securities, common stock options — 61 0.00 — 111 (0.01 ) Diluted EPS $ 14,013 17,306 $ 0.81 $ 26,558 17,754 $ 1.50 There were 311,880 and 142,740 anti-dilutive stock options, RSU Awards, and RSU MSPs outstanding for the six months ended July 5, 2015 and June 29, 2014 , respectively.

Financial Instruments

Financial Instruments	6 Months Ended
	Jul. 05, 2015
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 July 5, 2015 , we had thirteen forward contracts: ten U.S. Dollar/Euro contracts with a total value of $30.1 million and three Brazilian Real/Euro contracts with a total value of less than $0.1 million . This compares to six forward contracts as of December 31, 2014 . The fair value asset of the derivative forward contracts as of July 5, 2015 was 0.5 million and was included in prepaid expenses and other current assets on our condensed consolidated balance sheet. This compares to a fair value liability of less than $0.6 million that was included in accrued expenses and other current liabilities on our consolidated balance sheet as of December 31, 2014 . The unrealized foreign exchange gain for each of the six month periods ended July 5, 2015 and June 29, 2014 was less than $0.5 million ,. Unrealized foreign exchange gains (losses) are included in other (income) expense, net in our condensed 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	6 Months Ended
	Jul. 05, 2015
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 July 5, 2015 . We record provisions for the estimated cost of product warranties, primarily from historical information, at the time product revenue is recognized. We also record provisions with respect to any significant individual warranty issues as they arise. 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 six months ended July 5, 2015 (in thousands): Balance beginning December 31, 2014 $ 4,213 Provisions 1,571 Claims settled (1,170 ) Acquired Reserves/Other 819 Currency translation adjustment (164 ) Balance ending July 5, 2015 $ 5,269 Warranty obligations increased $1.1 million from $4.2 million as of December 31, 2014 to $5.3 million as of July 5, 2015 primarily related to our April 15, 2015 acquisition. For information regarding our acquisition refer to Note 4 to the condensed consolidated financial statements included in this Quarterly Report, for which disclosure is referenced herein.

Contingencies And Commitments

Contingencies And Commitments	6 Months Ended
	Jul. 05, 2015
Commitments and Contingencies Disclosure [Abstract]
Contingencies And Commitments	Contingencies and Commitments We are currently involved in various 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. 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. In February 2015, we agreed to resolve a longstanding customer dispute regarding our design and fabrication of cable protection systems for an off-shore windfarm ("Customer Settlement"), a product line in which we no longer are involved. The resolution of this dispute was recorded as a Special Charge during the fourth quarter of 2014 in the amount of $6.2 million . The final settlement is still pending as of the date of our second quarter 2015 filing. The amounts recorded during the fourth quarter of 2014 continue to reflect our best estimate of probable resolution. 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 $56.2 million at July 5, 2015 . 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 a significant payment relating to the outstanding instruments is remote. These instruments generally have expiration dates ranging from less than 1 month to 5 years from July 5, 2015 . The following table contains information related to standby letters of credit instruments outstanding as of July 5, 2015 (in thousands): Term Remaining Maximum Potential Future Payments 0–12 months $ 38,246 Greater than 12 months 17,915 Total $ 56,161

Defined Pension Benefit Plans

Defined Pension Benefit Plans	6 Months Ended
	Jul. 05, 2015
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 and six months ended July 5, 2015 , we made cash contributions of $0.4 million and $0.8 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 Six Months Ended July 5, June 29, July 5, June 29, Interest cost on benefits obligation 548 545 1,097 1,090 Estimated return on assets (723 ) (697 ) (1,446 ) (1,394 ) Loss amortization 211 127 421 254 Net periodic cost of defined pension benefit plans $ 36 $ (25 ) $ 72 $ (50 )

Income Taxes

Income Taxes	6 Months Ended
	Jul. 05, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes As required by ASC 740, Income Taxes, as of July 5, 2015 and December 31, 2014 , we had $1.4 million and $2.0 million of unrecognized tax benefits, respectively, of which $1.1 million and $1.5 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 July 5, 2015 , we had approximately $0.3 million of accrued interest related to uncertain tax positions. The Company files income tax returns in the U.S. federal, state and local jurisdictions and in foreign jurisdictions. The Company is no longer subject to examination by the Internal Revenue Service (the "IRS") for years prior to 2012 and is no longer subject to examination by the tax authorities in foreign and state jurisdictions prior to 2006 . The Company is currently under examination for income tax filings in various foreign jurisdictions. During Q2 2015, the Company agreed to a settlement of $2.2 million with the Italian tax authorities regarding withholding taxes on certain intercompany dividends paid in 2009. $1.3 million of this settlement was recorded as tax expense during the second quarter of 2015 and $0.9 million was accrued as of December 31, 2014. During Q2 2015, the Company recorded additional income tax expense of $1.1 million to correct a prior year underaccrual relating to tax on foreign income. Management believes the adjustment is immaterial to the prior period financial statements and the amount is not expected to be material to the financial statements for the year ending December 31, 2015. 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 IRS 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 liability. With regard to deferred income tax assets, we maintained a total valuation allowance of $9.3 million at July 5, 2015 and $9.4 million at December 31, 2014 due to uncertainties related to our ability to utilize certain of these assets, primarily consisting of foreign and state net operating losses and state tax credits carried forward. During the second quarter of 2015 we recorded an adjustment to our valuation allowance which reduced tax expense by $1.7 million , as well as an increase to the allowance of $1.6 million primarily due to changes in foreign currency exchange rates and additional losses that have no tax benefit. 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 net deferred income tax asset.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jul. 05, 2015
Share-based Compensation [Abstract]
Share-Based Compensation	Share-Based Compensation As of July 5, 2015 , we have two share-based compensation plans. The 2014 Stock Option and Incentive Plan (the "2014 Plan") was adopted by our Board of Directors on February 12, 2014 and approved by our shareholders at the Company's annual meeting held on April 30, 2014. As of April 30, 2014, no new awards will be granted under the existing Amended and Restated 1999 Stock Option and Incentive Plan (the “1999 Plan”). As a result, any shares subject to outstanding awards under the 1999 Plan that expire, are canceled or otherwise terminate, or are withheld to satisfy tax withholding obligations will not be available for award grant purposes under the 2014 Plan. Both plans permit 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 ("SARs") and dividend equivalent rights. The 2014 Plan provides for the issuance of up to 1,700,000 shares of common stock (subject to adjustment for stock splits and similar events). Under the 2014 Plan, shares issued for awards other than stock options or SARs count against the aggregate share limit as 1.9 shares for every share actually issued. New options granted under the 2014 Plan could have varying vesting provisions and exercise periods. Options granted under the 1999 Plan 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 under the 1999 Plan generally vest within three years . Vested restricted stock units will be settled in shares of our common stock. As of July 5, 2015 , there were 589,115 stock options (including the CEO and CFO stock option awards noted below) and 217,040 restricted stock units outstanding of which 9,454 restricted stock units were granted in 2013 outside the plan as part of a new hire inducement award. In addition, there were 1,402,072 shares available for grant under the 2014 Plan as of July 5, 2015 . As of July 5, 2015 , there were 10,700 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 ("EPS"). 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 which were valued using the Monte Carlo option pricing model. 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. During the six months ended July 5, 2015 , we granted 118,992 stock options compared with 164,503 stock options granted during the first six months of 2014 . The average fair value of stock options granted during the first six months of 2015 and 2014 was $17.88 and $26.32 , respectively, and was estimated using the following weighted-average assumptions: 2015 2014 Risk-free interest rate 1.4 % 1.8 % Expected life (years) 4.5 3.7 Expected stock volatility 40.4 % 41.4 % Expected dividend yield 0.3 % 0.2 % For additional information regarding the historical issuance of stock options including awards to our CEO and CFO, refer to our Form 10-K filed on February 18, 2015. 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 up to three years. During the six months ended July 5, 2015 and June 29, 2014 , we granted 57,564 and 33,532 RSU Awards with approximate fair values of $52.04 and $72.11 per RSU Award, respectively. During the first six months of 2015 and 2014 , we 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 57,564 RSUs granted during the six months ended July 5, 2015 , 26,094 are performance-based RSU awards. This compares to 11,881 performance-based RSU awards granted during the six months ended June 29, 2014 . The CIRCOR Management Stock Purchase Plan, which is a component of both the 2014 Plan and the 1999 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 38,965 and 32,752 with per unit discount amounts representing fair values of $17.11 and $23.61 were granted under the CIRCOR Management Stock Purchase Plan during the six months ended July 5, 2015 and June 29, 2014 , respectively. Compensation expense related to our share-based plans for the six month periods ended July 5, 2015 and June 29, 2014 was $4.1 million and $4.0 million , respectively. For the six month period ended July 5, 2015 , $3.7 million compensation expense was recorded as selling, general and administrative expense. In addition, $0.4 million was recorded as a special charge related to the retirement of one of our executive officers. For the six month period ended June 29, 2014 , $4.0 million was recorded as selling, general and administrative expense. As of July 5, 2015 , there was $10.8 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 2.0 years. The weighted average contractual term for stock options outstanding and options exercisable as of July 5, 2015 was 7.4 years and 6.6 years, respectively. The aggregate intrinsic value of stock options exercised during the six months ended July 5, 2015 was less than $0.1 million and the aggregate intrinsic value of stock options outstanding and options exercisable as of July 5, 2015 was $3.0 million and $1.4 million , respectively. The aggregate intrinsic value of RSU Awards settled during the six months ended July 5, 2015 was $2.4 million and the aggregate intrinsic value of RSU Awards outstanding and RSU Awards vested and deferred as of July 5, 2015 was $6.5 million and less than $0.1 million , respectively. The aggregate intrinsic value of RSU MSPs settled during the six months ended July 5, 2015 was $0.4 million and the aggregate intrinsic value of RSU MSPs outstanding and RSU MSPs vested and deferred as of July 5, 2015 was $1.5 million and $0.2 million , respectively. We also grant Cash Settled Stock Unit Awards to certain international employee 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 July 5, 2015 , there were 29,970 Cash Settled Stock Unit Awards outstanding compared to 38,418 as of June 29, 2014 . During the six months ended July 5, 2015 , the aggregate cash used to settle Cash Settled Stock Unit Awards was $0.6 million . As of July 5, 2015 , we had $0.7 million of accrued expenses in current liabilities associated with these Cash Settled Stock Unit Awards compared with $1.2 million as of June 29, 2014 . Cash Settled Stock Unit Awards related compensation costs for the six month periods ended July 5, 2015 and June 29, 2014 was $0.2 million and $0.3 million , respectively, and was recorded as selling, general, and administrative expense.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jul. 05, 2015
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The following table summarizes the changes in accumulated other comprehensive loss, which is reported as a component of stockholders' equity, for the six months ended July 5, 2015 (in thousands): Foreign Currency Translation Adjustments Pension, net Total Balance as of December 31, 2014 (5,112 ) (28,834 ) (33,946 ) Other comprehensive (loss) income, net of tax (16,944 ) — (16,944 ) Balance as of July 5, 2015 (22,056 ) (28,834 ) (50,890 ) Amounts reclassified from accumulated other comprehensive loss to net income were immaterial for the six months ended July 5, 2015.

Special Charges_Recoveries

Special Charges/Recoveries	6 Months Ended
	Jul. 05, 2015
Restructuring and Related Activities [Abstract]
Special Charges/Recoveries	Special & Restructuring Charges / (Recoveries) Background On April 15, 2015, we acquired Germany-based Schroedahl, a privately-owned manufacturer of safety and control valves primarily in the power generation market. During the first and second quarters of 2015, we incurred $0.5 million and $0.3 million of special charges, respectively, primarily professional fees, associated with this acquisition. During the first quarter of 2015, we recorded special charges of $0.3 million associated with the retirement of our Energy President ("Executive retirement charges"). These charges primarily related to equity award modification charges. On February 18, 2015, we announced additional restructuring actions ("2015 Announced Restructurings"), under which we are continuing to simplify our businesses. Under this restructuring, we are reducing certain general, administrative and manufacturing related expenses. On January 6, 2015, we announced the divestiture of two of our non-core businesses ("Divestitures") as part of our simplification strategy. During the fourth quarter of 2014, we recorded $3.4 million of special charges associated with incurred losses and expenses related to these divestitures. The Energy divestiture was completed in the fourth quarter of 2014. During the first quarter of 2015, the Aerospace & Defense divestiture was completed and we recorded a special gain of $1.0 million . On April 22, 2014, we announced restructuring actions ("2014 Announced Restructurings"), under which we are continuing to simplify our businesses. Under this restructuring, we are reducing certain general and administrative expenses, including the reduction of certain management layers, and closing or consolidating a number of smaller facilities. The savings from these restructuring actions will be utilized for growth investments. On March 28, 2014, we entered into a settlement agreement for $1.5 million with Watts Water Technologies, Inc ("Watts"). Accordingly, we recorded a $0.3 million special charge in the quarter, net of amounts previously accrued. On January 24, 2014, we reached a settlement on the T.M.W. Corporation ("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. On August 1, 2013 and October 31, 2013, we announced restructuring actions associated with our Energy and Aerospace & Defense segments under which we have simplified the manner in which we manage our businesses ("2013 Announced Restructuring"). Under these restructurings, we consolidated facilities, shifted expenses to lower cost regions, restructured certain non-strategic product lines, and also consolidated our group structure from three groups to two, reducing management layers and administrative expenses. Restructuring Related Inventory Charges During the second quarter of 2014, third quarter of 2014, and second quarter of 2015, in connection with the restructuring of certain structural landing gear product lines, we recorded inventory related charges of $5.1 million , $2.9 million , and $2.0 million , respectively, within the Aerospace & Defense segment. In addition, during the second quarter of 2015, we recorded restructuring related inventory charges of $0.2 million associated with the exit of our Energy segment cable protection product line. These restructuring related inventory charges were included as cost of revenues. Q2 2015 Quarter-to-Date and Year-to-Date As of and for the three and six months ended July 5, 2015 , we recorded $3.3 million and $4.8 million , respectively, of non-inventory restructuring related and special charges, net of recoveries, as shown in the tables below (in thousands): Special Charges / (Recoveries) As of and for the three months ended July 5, 2015 Energy Aerospace & Defense Corporate Total Accrued special and restructuring charges as of April 5, 2015 $ 8,944 Facility and professional fee related expenses 362 244 — 606 Employee related expenses 2,456 65 — 2,521 Total restructuring charges $ 2,818 $ 309 $ — $ 3,127 Divestitures (28 ) (65 ) — (93 ) Acquisition related charges 276 — — 276 Total special and restructuring charges $ 3,066 $ 244 $ — $ 3,310 Special charges paid / settled $ 3,927 Accrued special and restructuring charges as of July 5, 2015 $ 8,327 Special Charges / (Recoveries) As of and for the six months ended July 5, 2015 Energy Aerospace & Defense Corporate Total Accrued special and restructuring charges as of December 31, 2014 $ 9,133 Facility and professional fee related expenses 381 257 — 638 Employee related expenses 2,780 1,221 — 4,001 Total restructuring charges $ 3,161 $ 1,478 $ — $ 4,639 Divestitures (2 ) (1,042 ) — (1,044 ) Acquisition related charges 806 — — 806 Executive retirement charges — — 420 420 Total special and restructuring charges $ 3,965 $ 436 $ 420 $ 4,821 Special charges paid / settled 5,627 Accrued special and restructuring charges as of July 5, 2015 $ 8,327 Q2 2014 Quarter-to-Date and Year-to-Date During the three and six months ended June 29, 2014 , we recorded $1.3 million and $0.1 million , respectively, of non-inventory restructuring related and special charges, net of recoveries, as shown in the tables below (in thousands): Special Charges / (Recoveries) As of and for the three months ended June 29, 2014 Energy Aerospace & Defense Corporate Total Accrued special and restructuring charges as of March 30, 2014 $ 2,725 Facility and professional fee related expenses 88 9 — 97 Employee related expenses 422 449 289 1,160 Total restructuring charges $ 510 $ 458 $ 289 $ 1,257 Special charges paid / settled 1,887 Accrued special and restructuring charges as of June 29, 2014 2,095 Special Charges / (Recoveries) As of and for the six months ended June 29, 2014 Energy Aerospace & Defense Corporate Total Accrued special and restructuring charges as of December 31, 2013 $ 4,180 Facility and professional fee related expenses 424 93 — 517 Employee related expenses 773 464 289 1,526 Total restructuring charges $ 1,197 $ 557 $ 289 $ 2,043 Watts Settlement — — 300 300 TMW settlement special gain $ — $ (2,243 ) $ — $ (2,243 ) Total special and restructuring charges $ 1,197 $ (1,686 ) $ 589 $ 100 Special charges paid / settled 2,185 Accrued special and restructuring charges as of June 29, 2014 2,095 Inception to Date The following table (in thousands) summarizes our 2015 Announced Restructuring related special charges incurred during the six month ended July 5, 2015: 2015 Announced Restructuring Charges / (Recoveries), net as of July 5, 2015 Energy Aerospace & Defense Corporate Total Facility and professional fee related expenses - incurred to date 375 257 — 632 Employee related expenses - incurred to date 2,783 630 — 3,413 Total restructuring related special charges - incurred to date $ 3,158 $ 887 $ — $ 4,045 Additional special charges that we expect to be recorded with the 2015 announced restructuring actions are included in the future projection below. The following table (in thousands) summarizes our 2014 Announced Restructuring related special charges incurred from the second quarter of 2014 through April 5, 2015: 2014 Announced Restructuring Charges / (Recoveries), net as of July 5, 2015 Energy Aerospace & Defense Corporate Total Facility and professional fee related expenses - incurred to date (64 ) 95 — 31 Employee related expenses - incurred to date 1,463 2,956 317 4,736 Total restructuring related special charges - incurred to date $ 1,399 $ 3,051 $ 317 $ 4,767 We do not anticipate any additional restructuring related special charges associated with the 2014 Restructuring actions. The following table (in thousands) summarizes our 2013 Announced Restructuring related special charges incurred from the third quarter of 2013 through June 29, 2014. Charges with this action were finalized in the second quarter of 2014. We do not anticipate any additional special charges to be incurred associated with the 2013 Announced Restructuring actions. 2013 Announced Restructuring Charges / (Recoveries), net as of July 5, 2015 Energy Aerospace & Defense Corporate Total Facility and professional fee related expenses - incurred to date 2,117 473 — 2,590 Employee related expenses - incurred to date 2,945 1,519 — 4,464 Total restructuring related special charges - incurred to date $ 5,062 $ 1,992 $ — $ 7,054 The restructuring charges incurred to date are expected to be paid in cash during the periods of Q3 and Q4 2015.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jul. 05, 2015
Inventory, Net [Abstract]
Components Of Inventory	Inventories consist of the following (in thousands): July 5, 2015 December 31, 2014 Raw materials $ 68,613 $ 57,505 Work in process 96,441 82,130 Finished goods 46,328 43,799 Total inventories $ 211,382 $ 183,434

Business Acquisitions (Tables)

Business Acquisitions (Tables)	6 Months Ended
	Jul. 05, 2015
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table summarizes the preliminary fair value of the assets acquired and the liabilities assumed, at the date of acquisition: (in thousands) Cash and cash equivalents $ 36,316 Other current assets 11,959 Property and equipment 1,999 Intangible assets 32,829 Current liabilities (5,529 ) Deferred tax liability (10,450 ) Other long term liabilities (642 ) Total identifiable net assets 66,482 Goodwill 49,571 Total purchase price $ 116,053
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination	The Schroedahl acquisition resulted in the identification of the following identifiable intangible assets: (in thousands) Intangible assets acquired Weighted average amortization period (in years) Customer relationships 22,185 7 Order backlog 3,993 1 Acquired technology 2,260 10 Trade name 4,391 Indefinite Total intangible assets $ 32,829

Goodwill And Intangible Assets

Goodwill And Intangible Assets (Tables)	6 Months Ended
	Jul. 05, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, By Segment	The following table shows goodwill by segment as of July 5, 2015 (in thousands): Energy Aerospace & Defense Consolidated Total Goodwill as of December 31, 2014 $ 49,995 $ 22,435 $ 72,430 Business Acquisition 49,571 — 49,571 Currency translation adjustments 929 (133 ) 796 Goodwill as of July 5, 2015 $ 100,495 $ 22,302 $ 122,797
Gross Intangible Assets And Related Accumulated Amortization	The table below presents gross intangible assets and the related accumulated amortization as of July 5, 2015 (in thousands): Gross Carrying Amount Accumulated Amortization Patents $ 6,070 $ (5,758 ) Non-amortized intangibles (primarily trademarks and trade names) 16,417 — Customer relationships 53,559 (20,341 ) Backlog 5,252 (1,984 ) Other 9,210 (5,331 ) Total $ 90,508 $ (33,414 ) Net carrying value of intangible assets $ 57,094
Estimated Remaining Amortization Expense For Intangible Assets	The table below presents estimated remaining amortization expense for intangible assets recorded as of July 5, 2015 (in thousands): 2015 2016 2017 2018 2019 After 2019 Estimated amortization expense $ 6,189 $ 10,099 $ 8,037 $ 6,247 $ 4,617 $ 5,488

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jul. 05, 2015
Segment Reporting [Abstract]
Reportable Segment Information	The following table presents certain reportable segment information (in thousands): Energy Aerospace & Defense Corporate / Eliminations Consolidated Total Three Months Ended July 5, 2015 Net revenues $ 127,230 $ 39,676 $ — $ 166,906 Inter-segment revenues 253 18 (271 ) — Operating income (loss) 11,679 1,397 (5,477 ) 7,599 Interest expense, net 805 Other (income) expense, net (104 ) Income before income taxes $ 6,898 Identifiable assets 825,572 187,932 (263,807 ) 749,697 Capital expenditures 2,108 1,174 355 3,637 Depreciation and amortization 4,650 1,491 315 6,456 Three Months Ended June 29, 2014 Net revenues $ 160,581 $ 47,303 $ — $ 207,884 Inter-segment revenues 339 52 (391 ) — Operating income (loss) 22,992 (2,235 ) (4,923 ) 15,834 Interest expense, net 891 Other (income) expense, net (384 ) Income before income taxes $ 15,328 Identifiable assets 628,626 213,114 (82,654 ) 759,086 Capital expenditures 1,707 1,039 187 2,933 Depreciation and amortization 2,910 1,717 294 4,921 Six Months Ended July 5, 2015 Net revenues $ 254,816 $ 77,950 $ — $ 332,766 Inter-segment revenues 503 101 (604 ) — Operating income (loss) 28,330 4,250 (11,931 ) 20,649 Interest expense, net 1,446 Other (income) expense, net (610 ) Income before income taxes $ 19,813 Identifiable assets 825,572 187,932 (263,807 ) 749,697 Capital expenditures 3,424 1,649 547 5,620 Depreciation and amortization 7,083 3,021 583 10,687 Six Months Ended June 29, 2014 Net revenues $ 323,167 $ 95,903 $ — $ 419,070 Inter-segment revenues 545 131 (676 ) — Operating income (loss) 44,767 4,335 (12,361 ) 36,741 Interest expense, net 1,809 Other (income) expense, net (853 ) Income before income taxes $ 35,785 Identifiable assets 628,626 213,114 (82,654 ) 759,086 Capital expenditures 3,479 1,688 435 5,603 Depreciation and amortization 5,727 3,443 606 9,776

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Jul. 05, 2015
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share, Basic And Diluted	(in thousands, except per share amounts) Three Months Ended July 5, 2015 June 29, 2014 Net Income Shares Per Share Amount Net Income Shares Per Share Amount Basic EPS $ 4,381 16,828 $ 0.26 $ 11,926 17,665 $ 0.68 Dilutive securities, common stock options — 72 0.00 — 102 (0.01 ) Diluted EPS $ 4,381 16,900 $ 0.26 $ 11,926 17,767 $ 0.67 Six Months Ended July 5, 2015 June 29, 2014 Net Income Shares Per Share Amount Net Income Shares Per Share Amount Basic EPS $ 14,013 17,245 $ 0.81 $ 26,558 17,643 $ 1.51 Dilutive securities, common stock options — 61 0.00 — 111 (0.01 ) Diluted EPS $ 14,013 17,306 $ 0.81 $ 26,558 17,754 $ 1.50

Guarantees And Indemnificatio27

Guarantees And Indemnification Obligations (Tables)	6 Months Ended
	Jul. 05, 2015
Guarantees And Indemnification Obligations [Abstract]
Product Warranty Reserves	The following table sets forth information related to our product warranty reserves for the six months ended July 5, 2015 (in thousands): Balance beginning December 31, 2014 $ 4,213 Provisions 1,571 Claims settled (1,170 ) Acquired Reserves/Other 819 Currency translation adjustment (164 ) Balance ending July 5, 2015 $ 5,269 Warranty obligations increased $1.1 million from $4.2 million as of December 31, 2014 to $5.3 million as of July 5, 2015 primarily related to our April 15, 2015 acquisition. For information regarding our acquisition refer to Note 4 to the condensed consolidated financial statements included in this Quarterly Report, for which disclosure is referenced herein.

Contingencies And Commitments (

Contingencies And Commitments (Tables)	6 Months Ended
	Jul. 05, 2015
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 July 5, 2015 (in thousands): Term Remaining Maximum Potential Future Payments 0–12 months $ 38,246 Greater than 12 months 17,915 Total $ 56,161

Defined Pension Benefit Plans (

Defined Pension Benefit Plans (Tables)	6 Months Ended
	Jul. 05, 2015
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 Six Months Ended July 5, June 29, July 5, June 29, Interest cost on benefits obligation 548 545 1,097 1,090 Estimated return on assets (723 ) (697 ) (1,446 ) (1,394 ) Loss amortization 211 127 421 254 Net periodic cost of defined pension benefit plans $ 36 $ (25 ) $ 72 $ (50 )

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jul. 05, 2015
Share-based Compensation [Abstract]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The average fair value of stock options granted during the first six months of 2015 and 2014 was $17.88 and $26.32 , respectively, and was estimated using the following weighted-average assumptions: 2015 2014 Risk-free interest rate 1.4 % 1.8 % Expected life (years) 4.5 3.7 Expected stock volatility 40.4 % 41.4 % Expected dividend yield 0.3 % 0.2 %

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jul. 05, 2015
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in accumulated other comprehensive loss, which is reported as a component of stockholders' equity, for the six months ended July 5, 2015 (in thousands): Foreign Currency Translation Adjustments Pension, net Total Balance as of December 31, 2014 (5,112 ) (28,834 ) (33,946 ) Other comprehensive (loss) income, net of tax (16,944 ) — (16,944 ) Balance as of July 5, 2015 (22,056 ) (28,834 ) (50,890 )

Special Charges_Recoveries (Tab

Special Charges/Recoveries (Tables)	6 Months Ended
	Jul. 05, 2015
Restructuring Cost and Reserve [Line Items]
Schedule of Restructuring and Related Costs	As of and for the three and six months ended July 5, 2015 , we recorded $3.3 million and $4.8 million , respectively, of non-inventory restructuring related and special charges, net of recoveries, as shown in the tables below (in thousands): Special Charges / (Recoveries) As of and for the three months ended July 5, 2015 Energy Aerospace & Defense Corporate Total Accrued special and restructuring charges as of April 5, 2015 $ 8,944 Facility and professional fee related expenses 362 244 — 606 Employee related expenses 2,456 65 — 2,521 Total restructuring charges $ 2,818 $ 309 $ — $ 3,127 Divestitures (28 ) (65 ) — (93 ) Acquisition related charges 276 — — 276 Total special and restructuring charges $ 3,066 $ 244 $ — $ 3,310 Special charges paid / settled $ 3,927 Accrued special and restructuring charges as of July 5, 2015 $ 8,327 Special Charges / (Recoveries) As of and for the six months ended July 5, 2015 Energy Aerospace & Defense Corporate Total Accrued special and restructuring charges as of December 31, 2014 $ 9,133 Facility and professional fee related expenses 381 257 — 638 Employee related expenses 2,780 1,221 — 4,001 Total restructuring charges $ 3,161 $ 1,478 $ — $ 4,639 Divestitures (2 ) (1,042 ) — (1,044 ) Acquisition related charges 806 — — 806 Executive retirement charges — — 420 420 Total special and restructuring charges $ 3,965 $ 436 $ 420 $ 4,821 Special charges paid / settled 5,627 Accrued special and restructuring charges as of July 5, 2015 $ 8,327 Special Charges / (Recoveries) As of and for the three months ended June 29, 2014 Energy Aerospace & Defense Corporate Total Accrued special and restructuring charges as of March 30, 2014 $ 2,725 Facility and professional fee related expenses 88 9 — 97 Employee related expenses 422 449 289 1,160 Total restructuring charges $ 510 $ 458 $ 289 $ 1,257 Special charges paid / settled 1,887 Accrued special and restructuring charges as of June 29, 2014 2,095 Special Charges / (Recoveries) As of and for the six months ended June 29, 2014 Energy Aerospace & Defense Corporate Total Accrued special and restructuring charges as of December 31, 2013 $ 4,180 Facility and professional fee related expenses 424 93 — 517 Employee related expenses 773 464 289 1,526 Total restructuring charges $ 1,197 $ 557 $ 289 $ 2,043 Watts Settlement — — 300 300 TMW settlement special gain $ — $ (2,243 ) $ — $ (2,243 ) Total special and restructuring charges $ 1,197 $ (1,686 ) $ 589 $ 100 Special charges paid / settled 2,185 Accrued special and restructuring charges as of June 29, 2014 2,095
August 1, 2013 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Schedule of Restructuring and Related Costs	2013 Announced Restructuring Charges / (Recoveries), net as of July 5, 2015 Energy Aerospace & Defense Corporate Total Facility and professional fee related expenses - incurred to date 2,117 473 — 2,590 Employee related expenses - incurred to date 2,945 1,519 — 4,464 Total restructuring related special charges - incurred to date $ 5,062 $ 1,992 $ — $ 7,054
2014 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Schedule of Restructuring and Related Costs	The following table (in thousands) summarizes our 2014 Announced Restructuring related special charges incurred from the second quarter of 2014 through April 5, 2015: 2014 Announced Restructuring Charges / (Recoveries), net as of July 5, 2015 Energy Aerospace & Defense Corporate Total Facility and professional fee related expenses - incurred to date (64 ) 95 — 31 Employee related expenses - incurred to date 1,463 2,956 317 4,736 Total restructuring related special charges - incurred to date $ 1,399 $ 3,051 $ 317 $ 4,767
2015 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Schedule of Restructuring and Related Costs	The following table (in thousands) summarizes our 2015 Announced Restructuring related special charges incurred during the six month ended July 5, 2015: 2015 Announced Restructuring Charges / (Recoveries), net as of July 5, 2015 Energy Aerospace & Defense Corporate Total Facility and professional fee related expenses - incurred to date 375 257 — 632 Employee related expenses - incurred to date 2,783 630 — 3,413 Total restructuring related special charges - incurred to date $ 3,158 $ 887 $ — $ 4,045

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 05, 2015	Apr. 05, 2015	Jul. 05, 2015	Jun. 29, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Overstatement of operating cash flows			$ (8,366)	$ 27,355
Understatement of investing cash flows			82,791	5,571
Understating financing cash flows			$ (31,379)	6,999
Additions of property and equipment included in accounts payable	$ 1,200			$ 700
Scenario, Previously Reported [Member] | Incorrectly Classified Items [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Overstatement of operating cash flows		$ 2,800
Understatement of investing cash flows		600
Understating financing cash flows		$ 3,400

Inventories (Components Of Inve

Inventories (Components Of Inventory) (Details) - USD ($) $ in Thousands	Jul. 05, 2015	Dec. 31, 2014
Inventory, Net [Abstract]
Raw materials	$ 68,613	$ 57,505
Work in process	96,441	82,130
Finished goods	46,328	43,799
Inventories	$ 211,382	$ 183,434

Business Acquisitions - Schedul

Business Acquisitions - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jul. 05, 2015	Apr. 15, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill	$ 122,797		$ 72,430
Schroedahl [Member]
Business Acquisition [Line Items]
Cash and cash equivalents		$ 36,316
Other current assets		11,959
Property and equipment		1,999
Intangible assets		32,829
Current liabilities		(5,529)
Deferred tax liability		(10,450)
Other long term liabilities		(642)
Total identifiable net assets		66,482
Goodwill		49,571
Total purchase price		$ 116,053

Business Acquisitions - Sched36

Business Acquisitions - Schedule of Intangible Assets Acquired (Details) - Apr. 15, 2015 - Schroedahl [Member] - USD ($) $ in Thousands	Total
Schedule of Finite and Indefinite-Lived Intangibles Acquired as Part of Business Combination [Line Items]
Intangible assets acquired	$ 32,829
Weighted average amortization period
Customer relationships [Member]
Schedule of Finite and Indefinite-Lived Intangibles Acquired as Part of Business Combination [Line Items]
Intangible assets acquired	$ 22,185
Weighted average amortization period	7 years
Order backlog [Member]
Schedule of Finite and Indefinite-Lived Intangibles Acquired as Part of Business Combination [Line Items]
Intangible assets acquired	$ 3,993
Weighted average amortization period	1 year
Acquired technology [Member]
Schedule of Finite and Indefinite-Lived Intangibles Acquired as Part of Business Combination [Line Items]
Intangible assets acquired	$ 2,260
Weighted average amortization period	10 years
Trade name [Member]
Schedule of Finite and Indefinite-Lived Intangibles Acquired as Part of Business Combination [Line Items]
Indefinite-lived intangible assets acquired	$ 4,391

Business Acquisitions Business

Business Acquisitions Business Acquisitions - Narrative (Details) - USD ($) $ in Thousands	Apr. 15, 2015	Jul. 05, 2015	Jun. 29, 2014	Jul. 05, 2015	Jun. 29, 2014
Business Acquisition [Line Items]
Business acquisition, net of cash acquired				$ 79,983	$ 0
Net income		$ 4,381	$ 11,926	14,013	$ 26,558
Schroedahl [Member]
Business Acquisition [Line Items]
Business acquisition, net of cash acquired	$ 79,700
Purchase price	116,053
Acquisition-related costs				$ 1,000
Fair value of accounts receivables acquired	4,600
Revenues		5,200
Net income		$ 500
Line of Credit [Member] | Schroedahl [Member]
Business Acquisition [Line Items]
Borrowings under credit facility	$ 23,800

Goodwill And Intangible Asset38

Goodwill And Intangible Assets (Goodwill, By Segment) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 05, 2015	Jun. 29, 2014
Goodwill [Line Items]
Goodwill as of December 31, 2014	$ 72,430
Goodwill, Acquired During Period	49,571
Currency translation adjustments	796
Goodwill as of July 5, 2015	122,797
Energy [Member]
Goodwill [Line Items]
Goodwill as of December 31, 2014	49,995
Goodwill, Acquired During Period	49,571
Currency translation adjustments	929
Goodwill as of July 5, 2015	100,495
Aerospace [Member]
Goodwill [Line Items]
Goodwill as of December 31, 2014	22,435
Goodwill, Acquired During Period		$ 0
Currency translation adjustments	(133)
Goodwill as of July 5, 2015	$ 22,302

Goodwill And Intangible Asset39

Goodwill And Intangible Assets (Gross Intangible Assets And Related Accumulated Amortization) (Details) $ in Thousands	Jul. 05, 2015USD ($)
Intangible Assets [Line Items]
Gross Carrying Amount	$ 90,508
Accumulated Amortization	(33,414)
Net carrying value of intangible assets	57,094
Patents [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	6,070
Accumulated Amortization	(5,758)
Non-amortized intangibles (primarily trademarks and trade names) [Member]
Intangible Assets [Line Items]
Accumulated Amortization	0
Non-amortized intangibles	16,417
Customer relationships [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	53,559
Accumulated Amortization	(20,341)
Backlog [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	5,252
Accumulated Amortization	(1,984)
Other [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	9,210
Accumulated Amortization	$ (5,331)

Goodwill And Intangible Asset40

Goodwill And Intangible Assets (Estimated Remaining Amortization Expense For Intangible Assets) (Details) $ in Thousands	Jul. 05, 2015USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2,015	$ 6,189
2,016	10,099
2,017	8,037
2,018	6,247
2,019	4,617
After 2,019	$ 5,488

Segment Information (Reportable

Segment Information (Reportable Segment Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 05, 2015	Jun. 29, 2014	Jul. 05, 2015	Jun. 29, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net revenues	$ 166,906	$ 207,884	$ 332,766	$ 419,070
Operating income (loss)	7,599	15,834	20,649	36,741
Interest expense	805	891	1,446	1,809
Other income, net	(104)	(384)	(610)	(853)
INCOME BEFORE INCOME TAXES	6,898	15,328	19,813	35,785
Identifiable assets	749,697		749,697		$ 724,722
Capital expenditures			5,567	5,603
Corporate Identifiable Assets After Elimination Of Intercompany Assets [Member]
Segment Reporting Information [Line Items]
Identifiable assets	21,900	37,900	21,900	37,900
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net revenues	166,906	207,884	332,766	419,070
Inter-segment revenues	0	0	0	0
Operating income (loss)	7,599	15,834	20,649	36,741
Interest expense	805	891	1,446	1,809
Other income, net	(104)	(384)	(610)	(853)
INCOME BEFORE INCOME TAXES	6,898	15,328	19,813	35,785
Identifiable assets	749,697	759,086	749,697	759,086
Capital expenditures	3,637	2,933	5,620	5,603
Depreciation and amortization	6,456	4,921	10,687	9,776
Operating Segments [Member] | Energy [Member]
Segment Reporting Information [Line Items]
Net revenues	127,230	160,581	254,816	323,167
Inter-segment revenues	253	339	503	545
Operating income (loss)	11,679	22,992	28,330	44,767
Identifiable assets	825,572	628,626	825,572	628,626
Capital expenditures	2,108	1,707	3,424	3,479
Depreciation and amortization	4,650	2,910	7,083	5,727
Operating Segments [Member] | Aerospace [Member]
Segment Reporting Information [Line Items]
Net revenues	39,676	47,303	77,950	95,903
Inter-segment revenues	18	52	101	131
Operating income (loss)	1,397	(2,235)	4,250	4,335
Identifiable assets	187,932	213,114	187,932	213,114
Capital expenditures	1,174	1,039	1,649	1,688
Depreciation and amortization	1,491	1,717	3,021	3,443
Operating Segments [Member] | Corporate/Eliminations [Member]
Segment Reporting Information [Line Items]
Net revenues	0	0	0	0
Inter-segment revenues	(271)	(391)	(604)	(676)
Operating income (loss)	(5,477)	(4,923)	(11,931)	(12,361)
Identifiable assets	(263,807)	(82,654)	(263,807)	(82,654)
Capital expenditures	355	187	547	435
Depreciation and amortization	$ 315	$ 294	$ 583	$ 606

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 05, 2015	Jun. 29, 2014	Jul. 05, 2015	Jun. 29, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income	$ 4,381	$ 11,926	$ 14,013	$ 26,558
Basic Earnings Per Common Share (EPS), Shares	16,828,000	17,665,000	17,245,000	17,643,000
Basic EPS, Per Share Amount	$ 0.26	$ 0.68	$ 0.81	$ 1.51
Dilutive securities, common stock options, Shares	72,000	102,000
Dilutive securities, common stock options, Per Share Amount	$ 0	$ (0.01)
Diluted EPS, Shares	16,900,000	17,767,000	17,306,000	17,754,000
Diluted EPS, Per Share Amount	$ 0.26	$ 0.67	$ 0.81	$ 1.50
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options and RSUs, shares			311,880
RSU Awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options and RSUs, shares				142,740

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) $ in Millions	6 Months Ended
	Jul. 05, 2015USD ($)Forward_Contracts	Dec. 31, 2014Forward_Contracts
Derivative [Line Items]
Number of forward contracts | Forward_Contracts	13	6
Maximum [Member]
Derivative [Line Items]
Unrealized foreign currency transaction gain (loss)	$ 0.5
USD/Euro Forward Contracts [Member]
Derivative [Line Items]
Number of forward contracts | Forward_Contracts	10
Total value of contracts	$ 30.1
Brazilian Real/Euro Forward Contracts [Member]
Derivative [Line Items]
Number of forward contracts | Forward_Contracts	3
Total value of contracts	$ 0.1
Forward Contracts [Member]
Derivative [Line Items]
Fair value asset of derivative forward contracts	$ 0.6

Guarantees And Indemnificatio44

Guarantees And Indemnification Obligations (Product Warranty Reserves) (Details) - Jul. 05, 2015 - USD ($) $ in Thousands	Total
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Balance beginning December 31, 2012	$ 4,213
Provisions	1,571
Claims settled	(1,170)
Product Warranty Accrual, Additions from Business Acquisition	819
Currency translation adjustments	(164)
Balance ending June 30, 2013	5,269
Liability for indemnification agreements	0
Increase in warranty obligations	$ 1,100

Contingencies And Commitments45

Contingencies And Commitments (Narrative) (Details) - USD ($) $ in Thousands	Mar. 28, 2014	Dec. 31, 2014	Jul. 05, 2015	Jun. 29, 2014
Contingencies, Commitments And Guarantees [Line Items]
Loss recorded for settlement of dispute	$ 300	$ 6,200	$ (1,044)	$ (300)
Aggregate notional value standby letters of credit			$ 56,161
Minimum [Member]
Contingencies, Commitments And Guarantees [Line Items]
Expiration period, minimum in months and maximum in years			1 month
Maximum [Member]
Contingencies, Commitments And Guarantees [Line Items]
Expiration period, minimum in months and maximum in years			5 years

Contingencies And Commitments46

Contingencies And Commitments (Standby Letters Of Credit Instruments) (Details) $ in Thousands	Jul. 05, 2015USD ($)
Contingencies, Commitments And Guarantees [Line Items]
Total	$ 56,161
0-12 months [Member]
Contingencies, Commitments And Guarantees [Line Items]
Total	38,246
Greater than 12 months [Member]
Contingencies, Commitments And Guarantees [Line Items]
Total	$ 17,915

Defined Pension Benefit Plans47

Defined Pension Benefit Plans (Narrative) (Details) - Jul. 05, 2015 - USD ($) $ in Millions	Total	Total
Qualified Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Cash contributions to defined benefit pension plan	$ 0.4	$ 0.8

Defined Pension Benefit Plans48

Defined Pension Benefit Plans (Components Of Net Pension Benefit Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 05, 2015	Jun. 29, 2014	Jul. 05, 2015	Jun. 29, 2014
General Discussion of Pension and Other Postretirement Benefits [Abstract]
Interest cost on benefits obligation	$ 548	$ 545	$ 1,097	$ 1,090
Estimated return on assets	(723)	(697)	(1,446)	(1,394)
Loss amortization	211	127	421	254
Net periodic cost of defined benefit plans	$ 36	$ (25)	$ 72	$ (50)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 05, 2015	Jun. 29, 2014	Jul. 05, 2015	Jun. 29, 2014	Dec. 31, 2014
Income Tax Contingency [Line Items]
Income tax expense recorded	$ 2,517	$ 3,402	$ 5,800	$ 9,227
Unrecognized tax benefits that would impact effective tax rate	1,400		1,400		$ 2,000
Unrecognized tax benefits that would affect the effective tax rate if recognized	1,100		1,100		1,500
Accrued interest related to uncertain tax positions	300		300
Deferred Tax Assets, Valuation Allowance	9,300		9,300		(9,400)
Decrease in tax expense due to changes in foreign currency exchange rate	1,700
Increase in valuation allowance due to changes in foreign currency exchange rate	1,600
Foreign Tax Authority [Member]
Income Tax Contingency [Line Items]
Settlement with Italian tax authorities	2,200
Settlement with Italian tax authorities, accrued amount	1,300		$ 1,300		$ 900
Income tax expense recorded	$ 1,100

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 29, 2014shares	Jul. 05, 2015USD ($)$ / sharesshares	Jun. 29, 2014USD ($)$ / sharesshares	Dec. 31, 2014USD ($)	Mar. 31, 2013shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation shares authorized | shares		1,700,000
RSU outstanding | shares		217,040
Shares available for grant | shares		1,402,072
Compensation expense		$ 4,100
Unrecognized compensation costs		$ 10,800
Weighted average period of recognition of compensation expense (in years)		1 year 11 months 23 days
Weighted average contractual term for stock options outstanding, years		7 years 5 months 10 days
Weighted average contractual term for stock options exercisable, years		6 years 6 months 27 days
Selling, General And Administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		$ 3,700	$ 4,000
Special Charges [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		$ 400
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Grant Date Fair Value | $ / shares		$ 17.88	$ 26.32
Stock options outstanding | shares		589,115
Aggregate intrinsic value of stock options exercised		$ 100
Aggregate intrinsic value of stock options outstanding		3,000
Aggregate intrinsic value of stock options exercisable		$ 1,400
Stock Options [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period, (in years)		1 year
Expiration period		7 years
Stock Options [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period, (in years)		5 years
Expiration period		10 years
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Rights to nonforfeitable dividend equivalents participating securities | shares		10,700
Restricted stock units granted | shares		57,564	33,532
Granted RSU awards fair value | $ / shares		$ 52.04	$ 72.11
Aggregate intrinsic value of RSU Awards / RSU MSPs		$ 2,400
Aggregate intrinsic value of RSU Awards outstanding		6,500
Aggregate intrinsic value of RSU Awards vested and deferred		$ 100
Restricted Stock Units (RSUs) [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period, (in years)		3 years
Performance target threshold (as a percent)		0.00%
Restricted Stock Units (RSUs) [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance target threshold (as a percent)		200.00%
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted | shares	11,881	26,094
Restricted Stock Units Management Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period, (in years)		3 years
Restricted stock units granted | shares		38,965	32,752
Discount rate granted for RSU MSPs		33.00%
Award discount from market price amortization period
Restricted stock units discount amount | $ / shares		17.11	23.61
Aggregate intrinsic value of RSU Awards / RSU MSPs		$ 400
Aggregate intrinsic value of RSU Awards outstanding		1,500
Aggregate intrinsic value of RSU Awards vested and deferred		$ 161
Cash Settled Stock Unit Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSU outstanding | shares		29,970			38,418
Cash used to settle awards		$ 600
Accrued expenses and current liabilities for Cash Settled Stock Unit Awards		700		$ 1,200
Cash Settled Stock Unit Awards [Member] | Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		$ 200	$ 300
2014 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued for awards other than stock options or SARs per share counted towards aggregate limit		1.9
Chief Financial Officer [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSU outstanding | shares		9,454

Share-Based Compensation (Sched

Share-Based Compensation (Schedule Of Estimated Weighted-Average Assumptions Of Stock Options) (Details)	6 Months Ended
	Jul. 05, 2015	Jun. 29, 2014
Share-based Compensation [Abstract]
Risk-free interest rate	1.40%	1.80%
Expected life	4 years 6 months	3 years 8 months 12 days
Expected stock volatility	40.40%	41.40%
Expected dividend yield	0.30%	0.20%

Share-Based Compensation CEO In

Share-Based Compensation CEO Inducement Stock Award (Details) - $ / shares	6 Months Ended
	Jul. 05, 2015	Jun. 29, 2014
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Share-based compensation shares authorized	1,700,000
Stock Options [Member]
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Stock options granted (in shares)	118,992	164,503
Grant Date Fair Value (in usd per share)	$ 17.88	$ 26.32

Accumulated Other Comprehensi53

Accumulated Other Comprehensive Loss (Details) $ in Thousands	6 Months Ended
	Jul. 05, 2015USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of December 31, 2014	$ (33,946)
Other comprehensive (loss) income, net of tax	(16,944)
Balance as of July 5, 2015	(50,890)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of December 31, 2014	(5,112)
Other comprehensive (loss) income, net of tax	(16,944)
Balance as of July 5, 2015	(22,056)
Pension, net
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of December 31, 2014	(28,834)
Other comprehensive (loss) income, net of tax	0
Balance as of July 5, 2015	$ (28,834)

Special Charges_Recoveries (Det

Special Charges/Recoveries (Details) - USD ($) $ in Thousands	Mar. 28, 2014	Jan. 24, 2014	Jul. 05, 2015	Apr. 05, 2015	Dec. 31, 2014	Jun. 29, 2014	Jul. 05, 2015	Jun. 29, 2014
Restructuring Reserve [Roll Forward]
Restructuring Reserve Beginning of Period			$ 8,944	$ 9,133		$ 2,725	$ 9,133	$ 4,180
Restructuring charges			3,127			1,257	4,639	2,043
Watts settlement	$ 300				$ 6,200		(1,044)	(300)
Gain from settlement of TMW litigation		$ (2,200)					420	2,243
Special charges paid			3,927			1,887	5,627	2,185
Restructuring Reserve End of Period			8,327	8,944	9,133		8,327
Other Nonrecurring (Income) Expense			3,310			1,257	4,821	100
Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			606			97	638	517
Total special and restructuring charges			3,310					100
Other Nonrecurring Income						2,095		2,095
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			2,521			1,160	4,001	1,526
Divestiture [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			(93)
Acquisitions [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			276	500			806
Energy [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			2,818			510	3,161	1,197
Watts settlement							(2)
Gain from settlement of TMW litigation							0
Other Nonrecurring (Income) Expense							3,965
Energy [Member] | Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			362			88	381	424
Total special and restructuring charges			3,066					$ 1,197
Other Nonrecurring Income
Energy [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			2,456			422	2,780	$ 773
Energy [Member] | Divestiture [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			(28)
Energy [Member] | Acquisitions [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			276				806
Aerospace [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges							1,478	557
Watts settlement							(1,042)
Gain from settlement of TMW litigation							0
Other Nonrecurring (Income) Expense							436
Aerospace [Member] | Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges							257	$ 93
Other Nonrecurring Income
Aerospace [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges							1,221	$ 464
Aerospace [Member] | Acquisitions [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			0				0
Aerospace & Defense [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			309			458
Gain from settlement of TMW litigation								2,243
Aerospace & Defense [Member] | Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			244			9
Total special and restructuring charges			244					(1,686)
Aerospace & Defense [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			65			449
Aerospace & Defense [Member] | Divestiture [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			(65)
Corporate [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			0			289	0	289
Watts settlement				$ 300			0
Gain from settlement of TMW litigation							420
Other Nonrecurring (Income) Expense							420
Corporate [Member] | Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			0			0	0	0
Total special and restructuring charges								$ 589
Other Nonrecurring Income
Corporate [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			0			$ 289	0	$ 289
Corporate [Member] | Divestiture [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			0
Corporate [Member] | Acquisitions [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			0				$ 0
2014 Announced Restructuring Plan [Member] | Divestiture [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			$ 1,000		$ 3,400

Special Charges_Recoveries Char

Special Charges/Recoveries Charges Incurred to Date (Details) $ in Thousands	Jul. 05, 2015USD ($)
2015 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	$ 4,045
2014 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	4,767
August 1, 2013 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	7,054
Employee Severance [Member] | 2015 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	3,413
Employee Severance [Member] | 2014 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	4,736
Employee Severance [Member] | August 1, 2013 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	4,464
Facility Closing [Member] | 2015 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	632
Facility Closing [Member] | 2014 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	31
Facility Closing [Member] | August 1, 2013 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	2,590
Energy [Member] | 2015 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	3,158
Energy [Member] | 2014 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	1,399
Energy [Member] | August 1, 2013 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	5,062
Aerospace & Defense [Member] | 2015 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	887
Aerospace & Defense [Member] | 2014 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	3,051
Aerospace & Defense [Member] | August 1, 2013 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	1,992
Corporate [Member] | 2015 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	0
Corporate [Member] | 2014 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	317
Corporate [Member] | August 1, 2013 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	0
Facility Closing [Member] | Energy [Member] | 2015 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	375
Facility Closing [Member] | Energy [Member] | 2014 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(64)
Facility Closing [Member] | Energy [Member] | August 1, 2013 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	2,117
Facility Closing [Member] | Aerospace & Defense [Member] | 2015 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	257
Facility Closing [Member] | Aerospace & Defense [Member] | 2014 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	95
Facility Closing [Member] | Aerospace & Defense [Member] | August 1, 2013 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	473
Facility Closing [Member] | Corporate [Member] | 2015 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	0
Facility Closing [Member] | Corporate [Member] | 2014 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	0
Facility Closing [Member] | Corporate [Member] | August 1, 2013 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	0
Employee Severance [Member] | Energy [Member] | 2015 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	2,783
Employee Severance [Member] | Energy [Member] | 2014 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	1,463
Employee Severance [Member] | Energy [Member] | August 1, 2013 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	2,945
Employee Severance [Member] | Aerospace & Defense [Member] | 2015 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	630
Employee Severance [Member] | Aerospace & Defense [Member] | 2014 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	2,956
Employee Severance [Member] | Aerospace & Defense [Member] | August 1, 2013 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	1,519
Employee Severance [Member] | Corporate [Member] | 2015 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	0
Employee Severance [Member] | Corporate [Member] | 2014 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	317
Employee Severance [Member] | Corporate [Member] | August 1, 2013 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	$ 0

Special Charges Narrative (Deta

Special Charges Narrative (Details) - USD ($) $ in Thousands	Mar. 28, 2014	Jan. 24, 2014	Jul. 05, 2015	Apr. 05, 2015	Dec. 31, 2014	Sep. 28, 2014	Jun. 29, 2014	Jul. 05, 2015	Jun. 29, 2014
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Watts settlement agreement amount	$ 1,500
Restructuring charges			$ 3,127				$ 1,257	$ 4,639	$ 2,043
Watts settlement	$ 300				$ 6,200			(1,044)	(300)
Gain from settlement of TMW litigation		$ 2,200						(420)	(2,243)
Special charges, net			3,310				1,257	4,821	100
Energy [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			2,818				510	3,161	1,197
Watts settlement								(2)
Gain from settlement of TMW litigation								0
Special charges, net								3,965
Corporate [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			0				289	0	289
Watts settlement				$ 300				0
Gain from settlement of TMW litigation								(420)
Special charges, net								420
Aerospace [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges								1,478	557
Watts settlement								(1,042)
Gain from settlement of TMW litigation								0
Special charges, net								436
Aerospace & Defense [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			309				458
Gain from settlement of TMW litigation									(2,243)
Acquisitions [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			276	$ 500				806
Acquisitions [Member] | Energy [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			276					806
Acquisitions [Member] | Corporate [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			0					0
Acquisitions [Member] | Aerospace [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			0					0
Divestiture [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			(93)
Divestiture [Member] | Energy [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			(28)
Divestiture [Member] | Corporate [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			0
Divestiture [Member] | Aerospace & Defense [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			(65)
Divestiture [Member] | 2014 Announced Restructuring Plan [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			1,000		$ 3,400
Inventory Related Charges [Member] | Energy [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			200
Inventory Related Charges [Member] | Aerospace & Defense [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			2,000			$ 2,900	5,100
Facility Closing [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			606				97	638	517
Total special and restructuring charges			3,310						100
Facility Closing [Member] | Energy [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			362				88	381	424
Total special and restructuring charges			3,066						1,197
Facility Closing [Member] | Corporate [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			0				0	0	0
Total special and restructuring charges									589
Facility Closing [Member] | Aerospace [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges								$ 257	93
Facility Closing [Member] | Aerospace & Defense [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			244				$ 9
Total special and restructuring charges			$ 244						$ (1,686)