Circor International (CIR) 10-Q 9 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Oct. 04, 2015	Nov. 05, 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	Oct. 4, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		16,485,053

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 04, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash and cash equivalents	$ 53,822	$ 121,372
Trade accounts receivable, less allowance for doubtful accounts of $9,342 and $9,536, respectively	143,601	156,738
Inventories	198,560	183,434
Prepaid expenses and other current assets	15,984	21,626
Deferred income taxes	22,114	22,861
Total Current Assets	434,081	506,031
PROPERTY, PLANT AND EQUIPMENT, NET	88,242	96,212
OTHER ASSETS:
Goodwill	121,357	72,430
Intangibles, net	53,248	26,887
Deferred income taxes	14,585	19,048
Other assets	2,848	4,114
TOTAL ASSETS	714,361	724,722
CURRENT LIABILITIES:
Accounts payable	66,764	87,112
Accrued expenses and other current liabilities	65,097	65,223
Accrued compensation and benefits	18,586	24,728
Notes payable and current portion of long-term debt	5,668	8,423
Total Current Liabilities	156,115	185,486
LONG-TERM DEBT, NET OF CURRENT PORTION	105,431	5,261
DEFERRED INCOME TAXES	16,490	7,771
OTHER NON-CURRENT LIABILITIES	28,346	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; 16,485,053 and 17,681,955 shares issued and outstanding at October 4, 2015 and December 31, 2014, respectively	177	177
Additional paid-in capital	283,213	277,227
Retained earnings	251,409	250,635
Common treasury stock, at cost (1,254,721 shares at October 4, 2015)	(69,517)	0
Accumulated other comprehensive loss, net of taxes	(57,303)	(33,946)
Total Shareholders’ Equity	407,979	494,093
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 714,361	$ 724,722

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Oct. 04, 2015	Dec. 31, 2014
Trade accounts receivable, allowance for doubtful accounts	$ 9,342	$ 9,536
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	16,485,053	17,681,955
Common Stock, Shares, Outstanding	16,485,053	17,681,955

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 04, 2015	Sep. 28, 2014	Oct. 04, 2015	Sep. 28, 2014
Net revenues	$ 159,258	$ 203,818	$ 492,023	$ 622,888
Cost of revenues	113,865	141,601	343,187	436,333
GROSS PROFIT	45,393	62,217	148,836	186,555
Selling, general and administrative expenses	38,143	41,873	119,344	129,370
Impairment charges	2,502	0	2,502	0
Special charges, net	8,277	478	13,098	578
OPERATING (LOSS) INCOME	(3,529)	19,866	13,892	56,607
Other expense (income):
Interest expense, net	828	436	2,274	2,245
Other (income) expense, net	(587)	419	(1,197)	(434)
TOTAL OTHER EXPENSE, NET	241	855	1,077	1,811
(LOSS) INCOME BEFORE INCOME TAXES	(3,770)	19,012	12,816	54,796
Provision for income taxes	4,308	4,337	10,109	13,565
NET (LOSS) INCOME	$ (8,078)	$ 14,675	$ 2,707	$ 41,231
(Loss) Earnings per common share:
Basic	$ (0.49)	$ 0.83	$ 0.16	$ 2.34
Diluted	$ (0.49)	$ 0.83	$ 0.16	$ 2.32
Weighted average number of common shares outstanding:
Basic	16,485	17,675	16,989	17,654
Diluted	16,485	17,779	17,029	17,763
Dividends paid per common share	$ 0.0375	$ 0.0375	$ 0.1125	$ 0.1125

Statements Of Consolidated Comp

Statements Of Consolidated Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 04, 2015	Sep. 28, 2014	Oct. 04, 2015	Sep. 28, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ (8,078)	$ 14,675	$ 2,707	$ 41,231
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(6,409)	(15,123)	(23,357)	(14,272)
Other comprehensive income (loss)	(6,409)	(15,123)	(23,357)	(14,272)
COMPREHENSIVE INCOME (LOSS)	$ (14,487)	$ (448)	$ (20,650)	$ 26,959

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Oct. 04, 2015	Sep. 28, 2014
OPERATING ACTIVITIES
Net income	$ 2,707	$ 41,231
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation	10,676	12,163
Amortization	6,742	2,367
Bad debt	2,832	948
Loss on write down of inventory	11,808	10,992
Compensation expense of share-based plans	5,811	5,956
Tax effect of share-based plan compensation	(259)	(744)
Loss (gain) on write down of property, plant and equipment	478	(133)
Impairment charges	2,502	0
Impairment charges	(1,044)	0
Change in operating assets and liabilities, net of effects of acquisition and disposition
Trade accounts receivable	8,118	(31,890)
Inventories	(29,260)	(11,151)
Prepaid expenses and other assets	(2,801)	(121)
Accounts payable, accrued expenses and other liabilities	(21,669)	14,953
Net cash (used in) provided by operating activities	(3,359)	44,571
INVESTING ACTIVITIES
Purchases of property, plant and equipment	(9,604)	(8,900)
Proceeds from the sale of property, plant and equipment	1,200	761
Proceeds from the sale of affiliate	2,759	177
Business acquisition, net of cash acquired	79,983	0
Net cash used in investing activities	(85,628)	(7,962)
FINANCING ACTIVITIES
Proceeds from long-term debt	241,619	109,104
Payments of long-term debt	(141,830)	(125,140)
Debt issuance costs	0	920
Dividends paid	(1,937)	(2,011)
Proceeds from the exercise of stock options	259	420
Tax effect of share-based plan compensation	259	744
Purchases of common stock	(69,517)	0
Net cash provided by (used in) financing activities	28,853	(17,803)
Effect of exchange rate changes on cash and cash equivalents	(7,416)	(6,406)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(67,550)	12,400
Cash and cash equivalents at beginning of period	121,372	$ 102,180
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 53,822

Basis Of Presentation

Basis Of Presentation	9 Months Ended
	Oct. 04, 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 statement 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 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 consolidated 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 nine months ended October 4, 2015 are not necessarily indicative of the results that may be expected for the year ending December 31, 2015 . The Company recorded additions to property, plant and equipment of $ 1.1 million in the nine months ended October 4, 2015 compared to $ 1.1 million in the nine months ended September 28, 2014 for which cash payments had not yet been made.

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	9 Months Ended
	Oct. 04, 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 nine months ended October 4, 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 Accounting Standard Update ("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 generally accepted accounting principles ("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.

Inventories

Inventories	9 Months Ended
	Oct. 04, 2015
Inventory, Net [Abstract]
Inventories	Inventories Inventories consist of the following (in thousands): October 4, 2015 December 31, 2014 Raw materials $ 60,395 $ 57,505 Work in process 95,829 82,130 Finished goods 42,336 43,799 Total inventories $ 198,560 $ 183,434

Business Acquisitions

Business Acquisitions	9 Months Ended
	Oct. 04, 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 serving 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 $0.1 million and $0.9 million , which primarily consisted of legal and financial advisory services, were expensed as incurred in general and administrative expenses during the three months and nine months ended October 4, 2015. We financed the acquisition of Schroedahl through cash on hand and net borrowings of approximately $23.8 million under our existing credit facility. The purchase price allocation is based upon a preliminary valuation of assets and liabilities that was 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 11,736 Property, plant and equipment 1,999 Intangible assets 32,829 Current liabilities (5,529 ) Deferred tax liability (10,450 ) Other non-current liabilities (642 ) Total identifiable net assets 66,259 Goodwill 49,794 Total purchase price $ 116,053 The estimated fair value of accounts receivable acquired approximates the contractual value of $4.3 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: Intangible assets acquired (in thousands) 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 intangible 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 for the three months ended and nine months ended October 4, 2015 include $8.3 million and $13.5 million of net revenue, and $0.9 million and $0.4 million of operating income, respectively. 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	9 Months Ended
	Oct. 04, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill And Intangible Assets	Goodwill and Intangibles, net The following table shows goodwill by segment as of October 4, 2015 (in thousands): Energy Aerospace & Defense Consolidated Total Goodwill as of December 31, 2014 $ 49,995 $ 22,435 $ 72,430 Business acquisition 49,794 — 49,794 Currency translation adjustments (749 ) (118 ) (867 ) Goodwill as of October 4, 2015 $ 99,040 $ 22,317 $ 121,357 The table below presents gross intangible assets and the related accumulated amortization as of October 4, 2015 (in thousands): Gross Carrying Amount Accumulated Amortization Patents $ 6,053 $ (5,760 ) Non-amortized intangibles (primarily trademarks and trade names) 15,747 — Customer relationships 53,313 (21,908 ) Order backlog 5,264 (3,063 ) Other 9,150 (5,548 ) Total $ 89,527 $ (36,279 ) Net carrying value of intangible assets $ 53,248 The table below presents estimated remaining amortization expense for intangible assets recorded as of October 4, 2015 (in thousands): 2015 2016 2017 2018 2019 After 2019 Estimated amortization expense $ 3,016 $ 10,137 $ 8,053 $ 6,253 $ 4,614 $ 5,428 During the third quarter of 2015 we discontinued use of our Brazil indefinite-lived trademark as it was determined to have no future economic life. As such, we recorded a $0.5 million impairment charge during the quarter ended October 4, 2015.

Segment Information

Segment Information	9 Months Ended
	Oct. 04, 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 October 4, 2015 Net revenues $ 122,905 $ 36,353 $ — $ 159,258 Inter-segment revenues 183 75 (258 ) — Operating (loss) income (685 ) 3,234 (6,078 ) (3,529 ) Interest expense, net 828 Other income, net (587 ) (Loss) before income taxes $ (3,770 ) Identifiable assets 824,182 191,100 (300,921 ) 714,361 Capital expenditures 3,353 501 96 3,950 Depreciation and amortization 4,938 1,492 302 6,732 Three Months Ended September 28, 2014 Net revenues $ 157,658 $ 46,160 $ — $ 203,818 Inter-segment revenues 200 46 (246 ) — Operating income (loss) 26,202 (630 ) (5,706 ) 19,866 Interest expense, net 436 Other expense, net 419 Income before income taxes $ 19,012 Identifiable assets 644,811 204,607 (98,924 ) 750,494 Capital expenditures 2,759 378 160 3,297 Depreciation and amortization 2,807 1,725 222 4,754 Nine Months Ended October 4, 2015 Net revenues $ 377,721 $ 114,302 $ — $ 492,023 Inter-segment revenues 685 176 (861 ) — Operating income (loss) 24,417 7,484 (18,009 ) 13,892 Interest expense, net 2,274 Other income, net (1,197 ) Income before income taxes $ 12,816 Identifiable assets at October 4, 2015 824,182 191,100 (300,921 ) 714,361 Capital expenditures 6,777 2,150 643 9,570 Depreciation and amortization 12,021 4,513 885 17,419 Nine Months Ended September 28, 2014 Net revenues $ 480,825 $ 142,063 $ — $ 622,888 Inter-segment revenues 744 178 (922 ) — Operating income (loss) 70,969 3,705 (18,067 ) 56,607 Interest expense, net 2,245 Other income, net (434 ) Income before income taxes $ 54,796 Identifiable assets at September 28, 2014 644,811 204,607 (98,924 ) 750,494 Capital expenditures 6,239 2,066 595 8,900 Depreciation and amortization 8,533 5,169 828 14,530 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. 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 as of October 4, 2015 and September 28, 2014 . Corporate Identifiable Assets after elimination of intercompany assets were $25.6 million and $33.1 million as of October 4, 2015 and September 28, 2014 , respectively.

Earnings Per Common Share

Earnings Per Common Share	9 Months Ended
	Oct. 04, 2015
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share ("EPS") (in thousands, except per share amounts) Three Months Ended October 4, 2015 September 28, 2014 Net (Loss) Shares Per Share Amount Net Income Shares Per Share Amount Basic EPS $ (8,078 ) 16,485 $ (0.49 ) $ 14,675 17,675 $ 0.83 Dilutive securities, common stock options — — — — 104 0.00 Diluted EPS $ (8,078 ) 16,485 $ (0.49 ) $ 14,675 17,779 $ 0.83 Nine Months Ended October 4, 2015 September 28, 2014 Net Income Shares Per Share Amount Net Income Shares Per Share Amount Basic EPS $ 2,707 16,989 $ 0.16 $ 41,231 17,654 $ 2.34 Dilutive securities, common stock options — 40 0.00 — 109 (0.02 ) Diluted EPS $ 2,707 17,029 $ 0.16 $ 41,231 17,763 $ 2.32 Stock options, Restricted Stock Unit Awards (“RSU Awards”) and Restricted Stock Unit Management Stock Plans ("RSU MSPs") covering 479,390 and 138,833 shares of common stock, for the nine months ended October 4, 2015 and September 28, 2014 , respectively, were not included in the computation of diluted EPS because their effect would be anti-dilutive. Stock options, RSU Awards and RSU MSPs covering 138,833 shares of common stock, for the three months ended September 28, 2014 were not included in the computation of diluted EPS because their effect would be anti-dilutive.

Financial Instruments

Financial Instruments	9 Months Ended
	Oct. 04, 2015
Fair Value Disclosures [Abstract]
Financial Instruments	Financial Instruments Fair Value The carrying amounts of cash and cash equivalents approximate fair value because of the short maturity of these financial instruments. The cash equivalents are classified within the Level 1 hierarchy. As of October 4, 2015 and December 31, 2014, the outstanding balance of the Company’s debt approximated its fair value based on current rates available to the Company for debt of the same maturity. 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 (income) expense, net in our consolidated statements of income. As of October 4, 2015 , we had thirteen forward contracts: ten U.S. Dollar/Euro contracts with a notional amount 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 October 4, 2015 was $0.6 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 $0.5 million that was included in accrued expenses and other current liabilities on our consolidated balance sheet as of December 31, 2014 . Our foreign currency forward contracts fall within Level 2 of the fair value hierarchy, in accordance with Accounting Standards Codification (“ASC”) Topic 820. The unrealized foreign exchange gain was $0.4 million compared to a $0.3 million loss for the nine month period ended October 4, 2015 and September 28, 2014 , respectively.

Guarantees And Indemnification

Guarantees And Indemnification Obligations	9 Months Ended
	Oct. 04, 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 insure us with respect to certain events covered under the policies and should enable us to recover a portion of any future amounts paid under the indemnification agreements. We have no liabilities recorded from those agreements as of October 4, 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 nine months ended October 4, 2015 (in thousands): Balance beginning December 31, 2014 $ 4,213 Provisions 2,211 Claims settled (2,894 ) Acquired reserves/other 719 Currency translation adjustment 136 Balance ending October 4, 2015 $ 4,385 Warranty obligations increased $0.2 million from $4.2 million as of December 31, 2014 to $4.4 million as of October 4, 2015 primarily related to our provisions offset by settled claims. For information regarding our acquisition refer to Note 4 to the condensed consolidated financial statements included in this Quarterly Report.

Contingencies And Commitments

Contingencies And Commitments	9 Months Ended
	Oct. 04, 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, 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 . Final settlement will be paid in October 2015. 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 $55.1 million at October 4, 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 October 4, 2015 . The following table contains information related to standby letters of credit instruments outstanding as of October 4, 2015 (in thousands): Term Remaining Maximum Potential Future Payments 0–12 months $ 35,655 Greater than 12 months 19,430 Total $ 55,085

Defined Pension Benefit Plans

Defined Pension Benefit Plans	9 Months Ended
	Oct. 04, 2015
General Discussion of Pension and Other Postretirement Benefits [Abstract]
Defined Pension Benefit Plans	Defined Benefit Pension Plans We maintain two benefit pension 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 nine months ended October 4, 2015 , we made cash contributions of $0.4 million and $1.2 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 period cost (benefit) of defined benefit pension plans are as follows (in thousands): Three Months Ended Nine Months Ended October 4, September 28, October 4, September 28, Interest cost on benefits obligation $ 548 $ 545 $ 1,645 $ 1,636 Estimated return on assets (723 ) (697 ) (2,169 ) (2,091 ) Loss amortization 210 127 632 379 Net periodic cost (benefit) of defined benefit pension plans $ 35 $ (25 ) $ 108 $ (76 )

Income Taxes

Income Taxes	9 Months Ended
	Oct. 04, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes As of October 4, 2015 and December 31, 2014 , we had $2.2 million and $2.0 million of unrecognized tax benefits, respectively, of which $2.1 million and $1.5 million , respectively, would affect our effective tax rate if recognized in any future period. 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 the second quarter 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 the second quarter 2015, the Company recorded additional income tax expense of $1.1 million to correct a prior year underaccrual of 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 $15.0 million at October 4, 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 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 $7.3 million primarily due to changes in foreign currency exchange rates and additional losses which we expect to 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 future results of operations exceed our current expectations, our existing tax valuation allowances may be adjusted, resulting in future tax benefits. Alternatively, if 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	9 Months Ended
	Oct. 04, 2015
Share-based Compensation [Abstract]
Share-Based Compensation	Share-Based Compensation As of October 4, 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 have been 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 previously 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 October 4, 2015 , there were 575,470 stock options (including the Chief Executive Officer ("CEO") and Chief Financial Officer ("CFO") stock option awards noted below) and 198,419 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 1,409,686 shares available for grant under the 2014 Plan as of October 4, 2015 . As of October 4, 2015 , there were 1,200 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 EPS. There is no difference in the EPS 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 volatility utilized in the model are based on the historic volatility of the Company’s stock price at the value of the grant. The risk-free interest rate is derived from the U.S. Treasury Yield curve in effect at the time of the grant. During the nine months ended October 4, 2015 , we granted 118,992 stock options compared with 164,503 stock options granted during the first nine months of 2014 . The average fair value of stock options granted during the first nine 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 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 nine months ended October 4, 2015 and September 28, 2014 , we granted 60,090 and 34,942 RSU Awards with approximate fair values of $51.85 and $71.82 per RSU Award, respectively. During the first nine 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 60,090 RSUs granted during the nine months ended October 4, 2015 , 26,094 are performance-based RSU awards. This compares to 11,881 performance-based RSU awards granted during the nine months ended September 28, 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 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 nine months ended October 4, 2015 and September 28, 2014 , respectively. Compensation expense related to our share-based plans for the nine month periods ended October 4, 2015 and September 28, 2014 was $5.8 million and $5.9 million , respectively. For the nine month period ended October 4, 2015 , $5.4 million of compensation expense was recorded as selling, general and administrative expenses. In addition, $0.4 million was recorded as a special charge related to the retirement of one of our executive officers. For the nine month period ended September 28, 2014 , $5.9 million was recorded as selling, general and administrative expense. As of October 4, 2015 , there was $8.8 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 1.8 years. The weighted average contractual term for stock options outstanding and options exercisable as of October 4, 2015 was 7.2 years and 6.5 years, respectively. The aggregate intrinsic value of stock options exercised during the nine months ended October 4, 2015 was $0.1 million and the aggregate intrinsic value of stock options outstanding and options exercisable as of October 4, 2015 was $0.3 million and $0.2 million , respectively. The aggregate intrinsic value of RSU Awards settled during the nine months ended October 4, 2015 was $2.4 million and the aggregate intrinsic value of RSU Awards outstanding and RSU Awards vested and deferred as of October 4, 2015 was $5.0 million and less than $0.1 million , respectively. The aggregate intrinsic value of RSU MSPs settled during the nine months ended October 4, 2015 was $0.5 million and the aggregate intrinsic value of RSU MSPs outstanding and RSU MSPs vested and deferred as of October 4, 2015 was $0.5 million and less than $0.1 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 October 4, 2015 , there were 29,970 Cash Settled Stock Unit Awards outstanding compared to 38,307 as of September 28, 2014 . During the nine months ended October 4, 2015 , the aggregate cash used to settle Cash Settled Stock Unit Awards was $0.6 million . As of October 4, 2015 , we had $0.6 million of accrued expenses in current liabilities associated with these Cash Settled Stock Unit Awards compared with $1.3 million as of September 28, 2014 . Cash Settled Stock Unit Awards related compensation costs for the nine month periods ended October 4, 2015 and September 28, 2014 was $0.2 million and $0.4 million , respectively, and was recorded as selling, general, and administrative expense.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Oct. 04, 2015
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The following table summarizes the changes in accumulated other comprehensive loss, net of tax, which is reported as a component of stockholders' equity, for the nine months ended October 4, 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), net of tax (23,357 ) — (23,357 ) Balance as of October 4, 2015 $ (28,469 ) $ (28,834 ) $ (57,303 ) Amounts reclassified from accumulated other comprehensive loss, net of tax, to net income were immaterial for the nine months ended October 4, 2015 .

Special Charges_Recoveries

Special Charges/Recoveries	9 Months Ended
	Oct. 04, 2015
Restructuring and Related Activities [Abstract]
Special Charges/Recoveries	Special & Restructuring Charges / (Recoveries) General Background On November 3, 2015 the Board of Directors approved the closure and exit of our Brazil manufacturing operations ("Brazil Closure"). We recorded certain special charges for the third quarter of 2015 relating to our Brazil Closure decision. For information regarding our Brazil Closure refer to Note 16 to the condensed consolidated financial statements included in this Quarterly Report, for which disclosure is referenced herein. 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, second, and third quarters of 2015, we incurred $0.5 million , $0.3 million , and $0.1 million of special charges, respectively, primarily professional fees, associated with this acquisition. During the first quarter of 2015, we recorded special charges of $0.4 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 substantially completed in the fourth quarter of 2014. During the first quarter of 2015, the Aerospace & Defense divestiture was substantially 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 continued to simplify our businesses. Under this restructuring, we reduced certain general and administrative expenses, reduced certain management layers, and closed a number of smaller facilities. The savings from these restructuring actions has been and will continue to 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. Special Related Impairment Charges During the three months ended October 4, 2015, in response to challenging conditions in the Brazil market, the Company undertook certain assessments regarding our Brazil operations and strategy. As a result, management concluded that our operations in Brazil, more likely than not, will be sold or otherwise disposed of significantly before the end of their previously estimated useful life. Given this conclusion, we performed an impairment analysis on our Brazil asset grouping. Under step 1 of the impairment test, if the carrying value of the asset group is less than the sum of the undiscounted cash flows expected from the related business then the asset group is impaired. The amount of impairment, if any, is measured in step 2 as the difference between the fair value of the asset group and its carrying value. The fair value of the asset group is based on what the Company could reasonably expect to sell each asset from the perspective of a market participant based upon estimates and judgments regarding the marketability and ultimate sales price of each individual asset. The Company utilized market data and approximations from comparable analyses to arrive at the estimated fair values of the impacted assets. As the data includes a number of unobservable inputs, these nonrecurring long-lived asset fair value measurements fall within Level 3 of the fair value hierarchy. We concluded that certain property, plant and equipment were impaired as of October 4, 2015. We recorded a $2.0 million impairment charge in the third quarter related to our impaired Brazil property, plant and equipment assets. In addition, we discontinued use of our Brazil indefinite-lived trademark as it was determined to have no future economic life. As such, we recorded a $0.5 million impairment charge during the quarter ended October 4, 2015. The impairment charges described above are included in the impairment charges line on our consolidated statements of income. Restructuring Related Inventory Charges During the third quarter of 2015, we recorded restructuring related inventory charges of $6.4 million associated with the closure of manufacturing operations and the exit of the gate, globe and check valves product line in Brazil. For information regarding our Brazil Closure refer to Note 16 to the condensed consolidated financial statements included in this Quarterly Report. 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. During the second and third quarters 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. Q3 2015 Quarter-to-Date and Year-to-Date During the three and nine months ended October 4, 2015 , we recorded $8.3 million and $13.1 million , respectively, of non-inventory restructuring related and non-impairment special charges, net of recoveries, as shown in the tables below (in thousands): Special Charges / (Recoveries) As of and for the three months ended October 4, 2015 Energy Aerospace & Defense Corporate Total Accrued special and restructuring charges as of July 5, 2015 $ 8,327 Facility related recovery (260 ) — — (260 ) Employee related expenses 539 63 — 602 Total restructuring charges $ 279 $ 63 $ — $ 342 Acquisition related charges 59 — — 59 Brazil Closure 7,876 — — 7,876 Total special and restructuring charges $ 8,214 $ 63 $ — $ 8,277 Special charges paid / settled 5,579 Accrued special and restructuring charges as of October 4, 2015 $ 11,025 Special Charges / (Recoveries) As of and for the nine months ended October 4, 2015 Energy Aerospace & Defense Corporate Total Accrued special and restructuring charges as of December 31, 2014 $ 9,133 Facility related expenses 121 257 — 378 Employee related expenses 3,319 1,284 — 4,603 Total restructuring charges $ 3,440 $ 1,541 $ — $ 4,981 Divestitures (2 ) (1,042 ) — (1,044 ) Acquisition related charges 865 — — 865 Brazil Closure 7,876 — — 7,876 Executive retirement charges — — 420 420 Total special and restructuring charges $ 12,179 $ 499 $ 420 $ 13,098 Special charges paid / settled 11,206 Accrued special and restructuring charges as of October 4, 2015 $ 11,025 Q3 2014 Quarter-to-Date and Year-to-Date During the three and nine months ended September 28, 2014 , we recorded $0.5 million and $0.6 million , respectively, of non-inventory restructuring related and non-impairment special charges, net of recoveries, as shown in the tables below (in thousands): Special Charges / (Recoveries) As of and for the three months ended September 28, 2014 Energy Aerospace & Defense Corporate Total Accrued special and restructuring charges as of June 29, 2014 $ 2,095 Facility related expenses 8 — — 8 Employee related expenses 367 75 28 470 Total restructuring charges $ 375 $ 75 $ 28 $ 478 Special charges paid / settled 901 Accrued special and restructuring charges as of September 28, 2014 $ 1,672 Special Charges / (Recoveries) As of and for the nine months ended September 28, 2014 Energy Aerospace & Defense Corporate Total Accrued special and restructuring charges as of December 31, 2013 $ 4,180 Facility related expenses 432 93 — 525 Employee related expenses 1,140 539 317 1,996 Total restructuring charges $ 1,572 $ 632 $ 317 $ 2,521 Watts — — 300 300 TMW — (2,243 ) — (2,243 ) Total special and restructuring charges (recoveries) $ 1,572 $ (1,611 ) $ 617 $ 578 Special charges paid / settled 3,086 Accrued special and restructuring charges as of September 28, 2014 $ 1,672 Inception to Date The following table (in thousands) summarizes our 2015 Announced Restructuring related special charges incurred during the nine months ended October 4, 2015 : 2015 Announced Restructuring Charges / (Recoveries), net as of October 4, 2015 Energy Aerospace & Defense Corporate Total Facility related expenses - incurred to date $ 115 $ 257 $ — $ 372 Employee related expenses - incurred to date 3,322 693 — 4,015 Total restructuring related special charges - incurred to date $ 3,437 $ 950 $ — $ 4,387 Additional special charges that we expect to be recorded with the 2015 Announced Restructuring actions are discussed in our Management's Discussion and Analysis included in Item 2 of this report. The following table (in thousands) summarizes our 2014 Announced Restructuring related special charges incurred from the second quarter of 2014 through October 4, 2015 . Charges with this action were finalized in the second quarter of 2015. We do not anticipate any additional restructuring related special charges associated with the 2014 Restructuring actions. 2014 Announced Restructuring Charges / (Recoveries), net as of October 4, 2015 Energy Aerospace & Defense Corporate Total Facility 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 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 October 4, 2015 Energy Aerospace & Defense Corporate Total Facility 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 that remain as of October 4, 2015 are expected to be paid in cash during the periods of Q4 2015 and Q1 2016.

Subsequent Events

Subsequent Events	9 Months Ended
	Oct. 04, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On November 3, 2015 the Board of Directors approved the closure and exit of our Brazil manufacturing operations. Given the economic realities in Brazil and the ongoing challenges with our only significant end customer, Petrobras, we have made the decision to close our local manufacturing facility. CIRCOR Brazil has reported substantial operating losses every year since it was acquired in 2011 while the underlying market conditions and outlook have deteriorated. In connection with the closure announced on November 9, 2015, we recorded $7.1 million in charges during the three months ended October 4, 2015, approximately $3.4 million of which are expected to result in future net cash expenditures. These charges relate to: net realizable value inventory charges of $1.9 million , the realizability of the value added tax recoverable for $1.8 million as our exit will stop future sales which are needed to recover these taxes paid, supplier cancellation penalties of $1.6 million as we have fixed purchase commitments which will be canceled, customer cancellation penalties of $1.0 million , litigation claims of $0.5 million that we deem probable for risk of loss, and professional fees $0.3 million . These charges are in addition to the special related impairment charge of $2.5 million , restructuring related inventory charges of $4.5 million , and $2.7 million of other special charges associated with the exit of the gate, globe and check valves product line.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Oct. 04, 2015
Inventory, Net [Abstract]
Components Of Inventory	Inventories consist of the following (in thousands): October 4, 2015 December 31, 2014 Raw materials $ 60,395 $ 57,505 Work in process 95,829 82,130 Finished goods 42,336 43,799 Total inventories $ 198,560 $ 183,434

Business Acquisitions (Tables)

Business Acquisitions (Tables)	9 Months Ended
	Oct. 04, 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 11,736 Property, plant and equipment 1,999 Intangible assets 32,829 Current liabilities (5,529 ) Deferred tax liability (10,450 ) Other non-current liabilities (642 ) Total identifiable net assets 66,259 Goodwill 49,794 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: Intangible assets acquired (in thousands) 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)	9 Months Ended
	Oct. 04, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, By Segment	The following table shows goodwill by segment as of October 4, 2015 (in thousands): Energy Aerospace & Defense Consolidated Total Goodwill as of December 31, 2014 $ 49,995 $ 22,435 $ 72,430 Business acquisition 49,794 — 49,794 Currency translation adjustments (749 ) (118 ) (867 ) Goodwill as of October 4, 2015 $ 99,040 $ 22,317 $ 121,357
Gross Intangible Assets And Related Accumulated Amortization	The table below presents gross intangible assets and the related accumulated amortization as of October 4, 2015 (in thousands): Gross Carrying Amount Accumulated Amortization Patents $ 6,053 $ (5,760 ) Non-amortized intangibles (primarily trademarks and trade names) 15,747 — Customer relationships 53,313 (21,908 ) Order backlog 5,264 (3,063 ) Other 9,150 (5,548 ) Total $ 89,527 $ (36,279 ) Net carrying value of intangible assets $ 53,248
Estimated Remaining Amortization Expense For Intangible Assets	The table below presents estimated remaining amortization expense for intangible assets recorded as of October 4, 2015 (in thousands): 2015 2016 2017 2018 2019 After 2019 Estimated amortization expense $ 3,016 $ 10,137 $ 8,053 $ 6,253 $ 4,614 $ 5,428 During the third quarter of 2015 we discontinued use of our Brazil indefinite-lived trademark as it was determined to have no future economic life. As such, we recorded a $0.5 million impairment charge during the quarter ended October 4, 2015.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Oct. 04, 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 October 4, 2015 Net revenues $ 122,905 $ 36,353 $ — $ 159,258 Inter-segment revenues 183 75 (258 ) — Operating (loss) income (685 ) 3,234 (6,078 ) (3,529 ) Interest expense, net 828 Other income, net (587 ) (Loss) before income taxes $ (3,770 ) Identifiable assets 824,182 191,100 (300,921 ) 714,361 Capital expenditures 3,353 501 96 3,950 Depreciation and amortization 4,938 1,492 302 6,732 Three Months Ended September 28, 2014 Net revenues $ 157,658 $ 46,160 $ — $ 203,818 Inter-segment revenues 200 46 (246 ) — Operating income (loss) 26,202 (630 ) (5,706 ) 19,866 Interest expense, net 436 Other expense, net 419 Income before income taxes $ 19,012 Identifiable assets 644,811 204,607 (98,924 ) 750,494 Capital expenditures 2,759 378 160 3,297 Depreciation and amortization 2,807 1,725 222 4,754 Nine Months Ended October 4, 2015 Net revenues $ 377,721 $ 114,302 $ — $ 492,023 Inter-segment revenues 685 176 (861 ) — Operating income (loss) 24,417 7,484 (18,009 ) 13,892 Interest expense, net 2,274 Other income, net (1,197 ) Income before income taxes $ 12,816 Identifiable assets at October 4, 2015 824,182 191,100 (300,921 ) 714,361 Capital expenditures 6,777 2,150 643 9,570 Depreciation and amortization 12,021 4,513 885 17,419 Nine Months Ended September 28, 2014 Net revenues $ 480,825 $ 142,063 $ — $ 622,888 Inter-segment revenues 744 178 (922 ) — Operating income (loss) 70,969 3,705 (18,067 ) 56,607 Interest expense, net 2,245 Other income, net (434 ) Income before income taxes $ 54,796 Identifiable assets at September 28, 2014 644,811 204,607 (98,924 ) 750,494 Capital expenditures 6,239 2,066 595 8,900 Depreciation and amortization 8,533 5,169 828 14,530

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Oct. 04, 2015
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share, Basic And Diluted	(in thousands, except per share amounts) Three Months Ended October 4, 2015 September 28, 2014 Net (Loss) Shares Per Share Amount Net Income Shares Per Share Amount Basic EPS $ (8,078 ) 16,485 $ (0.49 ) $ 14,675 17,675 $ 0.83 Dilutive securities, common stock options — — — — 104 0.00 Diluted EPS $ (8,078 ) 16,485 $ (0.49 ) $ 14,675 17,779 $ 0.83 Nine Months Ended October 4, 2015 September 28, 2014 Net Income Shares Per Share Amount Net Income Shares Per Share Amount Basic EPS $ 2,707 16,989 $ 0.16 $ 41,231 17,654 $ 2.34 Dilutive securities, common stock options — 40 0.00 — 109 (0.02 ) Diluted EPS $ 2,707 17,029 $ 0.16 $ 41,231 17,763 $ 2.32

Guarantees And Indemnificatio28

Guarantees And Indemnification Obligations (Tables)	9 Months Ended
	Oct. 04, 2015
Guarantees And Indemnification Obligations [Abstract]
Product Warranty Reserves	The following table sets forth information related to our product warranty reserves for the nine months ended October 4, 2015 (in thousands): Balance beginning December 31, 2014 $ 4,213 Provisions 2,211 Claims settled (2,894 ) Acquired reserves/other 719 Currency translation adjustment 136 Balance ending October 4, 2015 $ 4,385 Warranty obligations increased $0.2 million from $4.2 million as of December 31, 2014 to $4.4 million as of October 4, 2015 primarily related to our provisions offset by settled claims. For information regarding our acquisition refer to Note 4 to the condensed consolidated financial statements included in this Quarterly Report.

Contingencies And Commitments (

Contingencies And Commitments (Tables)	9 Months Ended
	Oct. 04, 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 October 4, 2015 (in thousands): Term Remaining Maximum Potential Future Payments 0–12 months $ 35,655 Greater than 12 months 19,430 Total $ 55,085

Defined Pension Benefit Plans (

Defined Pension Benefit Plans (Tables)	9 Months Ended
	Oct. 04, 2015
General Discussion of Pension and Other Postretirement Benefits [Abstract]
Components Of Net Pension Benefit Expense	The components of net period cost (benefit) of defined benefit pension plans are as follows (in thousands): Three Months Ended Nine Months Ended October 4, September 28, October 4, September 28, Interest cost on benefits obligation $ 548 $ 545 $ 1,645 $ 1,636 Estimated return on assets (723 ) (697 ) (2,169 ) (2,091 ) Loss amortization 210 127 632 379 Net periodic cost (benefit) of defined benefit pension plans $ 35 $ (25 ) $ 108 $ (76 )

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Oct. 04, 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 nine 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 Comprehensi32

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Oct. 04, 2015
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in accumulated other comprehensive loss, net of tax, which is reported as a component of stockholders' equity, for the nine months ended October 4, 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), net of tax (23,357 ) — (23,357 ) Balance as of October 4, 2015 $ (28,469 ) $ (28,834 ) $ (57,303 )

Special Charges_Recoveries (Tab

Special Charges/Recoveries (Tables)	9 Months Ended
	Oct. 04, 2015
Restructuring Cost and Reserve [Line Items]
Schedule of Restructuring and Related Costs	Special Charges / (Recoveries) As of and for the three months ended September 28, 2014 Energy Aerospace & Defense Corporate Total Accrued special and restructuring charges as of June 29, 2014 $ 2,095 Facility related expenses 8 — — 8 Employee related expenses 367 75 28 470 Total restructuring charges $ 375 $ 75 $ 28 $ 478 Special charges paid / settled 901 Accrued special and restructuring charges as of September 28, 2014 $ 1,672 Special Charges / (Recoveries) As of and for the nine months ended September 28, 2014 Energy Aerospace & Defense Corporate Total Accrued special and restructuring charges as of December 31, 2013 $ 4,180 Facility related expenses 432 93 — 525 Employee related expenses 1,140 539 317 1,996 Total restructuring charges $ 1,572 $ 632 $ 317 $ 2,521 Watts — — 300 300 TMW — (2,243 ) — (2,243 ) Total special and restructuring charges (recoveries) $ 1,572 $ (1,611 ) $ 617 $ 578 Special charges paid / settled 3,086 Accrued special and restructuring charges as of September 28, 2014 $ 1,672 three and nine months ended October 4, 2015 , we recorded $8.3 million and $13.1 million , respectively, of non-inventory restructuring related and non-impairment special charges, net of recoveries, as shown in the tables below (in thousands): Special Charges / (Recoveries) As of and for the three months ended October 4, 2015 Energy Aerospace & Defense Corporate Total Accrued special and restructuring charges as of July 5, 2015 $ 8,327 Facility related recovery (260 ) — — (260 ) Employee related expenses 539 63 — 602 Total restructuring charges $ 279 $ 63 $ — $ 342 Acquisition related charges 59 — — 59 Brazil Closure 7,876 — — 7,876 Total special and restructuring charges $ 8,214 $ 63 $ — $ 8,277 Special charges paid / settled 5,579 Accrued special and restructuring charges as of October 4, 2015 $ 11,025 Special Charges / (Recoveries) As of and for the nine months ended October 4, 2015 Energy Aerospace & Defense Corporate Total Accrued special and restructuring charges as of December 31, 2014 $ 9,133 Facility related expenses 121 257 — 378 Employee related expenses 3,319 1,284 — 4,603 Total restructuring charges $ 3,440 $ 1,541 $ — $ 4,981 Divestitures (2 ) (1,042 ) — (1,044 ) Acquisition related charges 865 — — 865 Brazil Closure 7,876 — — 7,876 Executive retirement charges — — 420 420 Total special and restructuring charges $ 12,179 $ 499 $ 420 $ 13,098 Special charges paid / settled 11,206 Accrued special and restructuring charges as of October 4, 2015 $ 11,025
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 October 4, 2015 Energy Aerospace & Defense Corporate Total Facility 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 October 4, 2015 . Charges with this action were finalized in the second quarter of 2015. We do not anticipate any additional restructuring related special charges associated with the 2014 Restructuring actions. 2014 Announced Restructuring Charges / (Recoveries), net as of October 4, 2015 Energy Aerospace & Defense Corporate Total Facility 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 nine months ended October 4, 2015 : 2015 Announced Restructuring Charges / (Recoveries), net as of October 4, 2015 Energy Aerospace & Defense Corporate Total Facility related expenses - incurred to date $ 115 $ 257 $ — $ 372 Employee related expenses - incurred to date 3,322 693 — 4,015 Total restructuring related special charges - incurred to date $ 3,437 $ 950 $ — $ 4,387

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Oct. 04, 2015	Sep. 28, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Additions of property and equipment included in accounts payable	$ 0	$ 0

Inventories (Components Of Inve

Inventories (Components Of Inventory) (Details) - USD ($) $ in Thousands	Oct. 04, 2015	Dec. 31, 2014
Inventory, Net [Abstract]
Raw materials	$ 60,395	$ 57,505
Work in process	95,829	82,130
Finished goods	42,336	43,799
Inventories	$ 198,560	$ 183,434

Business Acquisitions - Schedul

Business Acquisitions - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Oct. 04, 2015	Apr. 15, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill	$ 121,357		$ 72,430
Schroedahl [Member]
Business Acquisition [Line Items]
Cash and cash equivalents		$ 36,316
Other current assets		11,736
Property, plant and equipment		1,999
Intangible assets		32,829
Current liabilities		(5,529)
Deferred tax liability		(10,450)
Other non-current liabilities		(642)
Total identifiable net assets		66,259
Goodwill		49,794
Total purchase price		$ 116,053

Business Acquisitions - Sched37

Business Acquisitions - Schedule of Intangible Assets Acquired (Details) - Schroedahl [Member] $ in Thousands	Apr. 15, 2015USD ($)
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	Oct. 04, 2015	Sep. 28, 2014	Jul. 05, 2015	Oct. 04, 2015	Sep. 28, 2014
Business Acquisition [Line Items]
Business acquisition, net of cash acquired					$ 79,983	$ 0
Net income		$ (8,078)	$ 14,675		2,707	$ 41,231
Schroedahl [Member]
Business Acquisition [Line Items]
Business acquisition, net of cash acquired	$ 79,700
Purchase price	116,053
Acquisition-related costs				$ 1,000	0
Fair value of accounts receivables acquired	4,300
Revenues		8,300			13,500
Net income		$ 900			$ 400
Line of Credit [Member] | Schroedahl [Member]
Business Acquisition [Line Items]
Borrowings under credit facility	$ 23,800

Goodwill And Intangible Asset39

Goodwill And Intangible Assets (Goodwill, By Segment) (Details) - USD ($) $ in Thousands	9 Months Ended
	Oct. 04, 2015	Sep. 28, 2014
Goodwill [Line Items]
Goodwill as of December 31, 2014	$ 72,430
Goodwill, Acquired During Period	49,794
Currency translation adjustments	(867)
Goodwill as of October 4, 2015	121,357
Energy [Member]
Goodwill [Line Items]
Goodwill as of December 31, 2014	49,995
Goodwill, Acquired During Period	49,794
Currency translation adjustments	(749)
Goodwill as of October 4, 2015	99,040
Aerospace [Member]
Goodwill [Line Items]
Goodwill as of December 31, 2014	22,435
Goodwill, Acquired During Period		$ 0
Currency translation adjustments	(118)
Goodwill as of October 4, 2015	$ 22,317

Goodwill And Intangible Asset40

Goodwill And Intangible Assets (Gross Intangible Assets And Related Accumulated Amortization) (Details) $ in Thousands	Oct. 04, 2015USD ($)
Intangible Assets [Line Items]
Gross Carrying Amount	$ 89,527
Accumulated Amortization	(36,279)
Net carrying value of intangible assets	53,248
Patents [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	6,053
Accumulated Amortization	(5,760)
Non-amortized intangibles (primarily trademarks and trade names) [Member]
Intangible Assets [Line Items]
Accumulated Amortization	0
Non-amortized intangibles	15,747
Customer relationships [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	53,313
Accumulated Amortization	(21,908)
Backlog [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	5,264
Accumulated Amortization	(3,063)
Other [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	9,150
Accumulated Amortization	$ (5,548)

Goodwill And Intangible Asset41

Goodwill And Intangible Assets (Estimated Remaining Amortization Expense For Intangible Assets) (Details) $ in Thousands	Oct. 04, 2015USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2,015	$ 3,016
2,016	10,137
2,017	8,053
2,018	6,253
2,019	4,614
After 2,019	$ 5,428

Segment Information (Reportable

Segment Information (Reportable Segment Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 04, 2015	Sep. 28, 2014	Oct. 04, 2015	Sep. 28, 2014	Dec. 31, 2014	Jun. 29, 2014
Segment Reporting Information [Line Items]
Net revenues	$ 159,258	$ 203,818	$ 492,023	$ 622,888
Operating income (loss)	(3,529)	19,866	13,892	56,607
Interest expense	828	436	2,274	2,245
Other income, net	(587)	419	(1,197)	(434)
(LOSS) INCOME BEFORE INCOME TAXES	(3,770)	19,012	12,816	54,796
Identifiable assets	714,361		714,361		$ 724,722
Capital expenditures			9,604	8,900
Corporate Identifiable Assets After Elimination Of Intercompany Assets [Member]
Segment Reporting Information [Line Items]
Identifiable assets	25,600		25,600			$ 33,100
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net revenues	159,258	203,818	492,023	622,888
Inter-segment revenues	0	0	0	0
Operating income (loss)	(3,529)	19,866	13,892	56,607
Interest expense	828	436	2,274	2,245
Other income, net	(587)	419	(1,197)	(434)
(LOSS) INCOME BEFORE INCOME TAXES	(3,770)	19,012	12,816	54,796
Identifiable assets	714,361		714,361			750,494
Capital expenditures	3,950	3,297	9,570	8,900
Depreciation and amortization	6,732	4,754	17,419	14,530
Operating Segments [Member] | Energy [Member]
Segment Reporting Information [Line Items]
Net revenues	122,905	157,658	377,721	480,825
Inter-segment revenues	183	200	685	744
Operating income (loss)	(685)	26,202	24,417	70,969
Identifiable assets	824,182		824,182			644,811
Capital expenditures	3,353	2,759	6,777	6,239
Depreciation and amortization	4,938	2,807	12,021	8,533
Operating Segments [Member] | Aerospace [Member]
Segment Reporting Information [Line Items]
Net revenues	36,353	46,160	114,302	142,063
Inter-segment revenues	75	46	176	178
Operating income (loss)	3,234	(630)	7,484	3,705
Identifiable assets	191,100		191,100			204,607
Capital expenditures	501	378	2,150	2,066
Depreciation and amortization	1,492	1,725	4,513	5,169
Operating Segments [Member] | Corporate/Eliminations [Member]
Segment Reporting Information [Line Items]
Net revenues	0	0	0	0
Inter-segment revenues	(258)	(246)	(861)	(922)
Operating income (loss)	(6,078)	(5,706)	(18,009)	(18,067)
Identifiable assets	(300,921)		(300,921)			$ (98,924)
Capital expenditures	96	160	643	595
Depreciation and amortization	$ 302	$ 222	$ 885	$ 828

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 04, 2015	Sep. 28, 2014	Oct. 04, 2015	Sep. 28, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income	$ (8,078)	$ 14,675	$ 2,707	$ 41,231
Basic Earnings Per Common Share (EPS), Shares	16,485,000	17,675,000	16,989,000	17,654,000
Basic EPS, Per Share Amount	$ (0.49)	$ 0.83	$ 0.16	$ 2.34
Dilutive securities, common stock options, Shares	0	104,000	40,000	109,000
Dilutive securities, common stock options, Per Share Amount	$ 0	$ 0	$ 0	$ 0.02
Diluted EPS, Shares	16,485,000	17,779,000	17,029,000	17,763,000
Diluted EPS, Per Share Amount	$ (0.49)	$ 0.83	$ 0.16	$ 2.32
Anti-dilutive options and RSUs, shares		138,833
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options and RSUs, shares			479,390
RSU Awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options and RSUs, shares				138,833

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) $ in Millions	9 Months Ended
	Oct. 04, 2015USD ($)Forward_Contracts	Sep. 28, 2014USD ($)	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)	$ 0.4	$ 0.3
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
Fair value liability of derivative forward contracts	$ 0.5

Guarantees And Indemnificatio45

Guarantees And Indemnification Obligations (Product Warranty Reserves) (Details) $ in Thousands	9 Months Ended
	Oct. 04, 2015USD ($)
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Balance beginning December 31, 2012	$ 4,213
Provisions	2,211
Claims settled	(2,894)
Product Warranty Accrual, Additions from Business Acquisition	719
Currency translation adjustments	136
Balance ending June 30, 2013	4,385
Liability for indemnification agreements	0
Increase in warranty obligations	$ 200

Contingencies And Commitments46

Contingencies And Commitments (Narrative) (Details) - USD ($) $ in Thousands	Mar. 28, 2014	Dec. 31, 2014	Oct. 04, 2015	Sep. 28, 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			$ 55,085
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 Commitments47

Contingencies And Commitments (Standby Letters Of Credit Instruments) (Details) $ in Thousands	Oct. 04, 2015USD ($)
Contingencies, Commitments And Guarantees [Line Items]
Total	$ 55,085
0-12 months [Member]
Contingencies, Commitments And Guarantees [Line Items]
Total	35,655
Greater than 12 months [Member]
Contingencies, Commitments And Guarantees [Line Items]
Total	$ 19,430

Defined Pension Benefit Plans48

Defined Pension Benefit Plans (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Oct. 04, 2015	Oct. 04, 2015
Qualified Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Cash contributions to defined benefit pension plan	$ 0.4	$ 1.2

Defined Pension Benefit Plans49

Defined Pension Benefit Plans (Components Of Net Pension Benefit Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 04, 2015	Sep. 28, 2014	Oct. 04, 2015	Sep. 28, 2014
General Discussion of Pension and Other Postretirement Benefits [Abstract]
Interest cost on benefits obligation	$ 548	$ 545	$ 1,645	$ 1,636
Estimated return on assets	(723)	(697)	(2,169)	(2,091)
Loss amortization	210	127	632	379
Net periodic cost of defined benefit plans	$ 35	$ (25)	$ 108	$ (76)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 04, 2015	Sep. 28, 2014	Oct. 04, 2015	Sep. 28, 2014	Dec. 31, 2014
Income Tax Contingency [Line Items]
Income tax expense recorded	$ 4,308	$ 4,337	$ 10,109	$ 13,565
Unrecognized tax benefits that would impact effective tax rate	2,200		2,200		$ 2,000
Unrecognized tax benefits that would affect the effective tax rate if recognized	2,100		2,100		1,500
Deferred Tax Assets, Valuation Allowance	15,000		15,000		(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	7,300
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	9 Months Ended
	Sep. 28, 2014shares	Oct. 04, 2015USD ($)$ / sharesshares	Sep. 28, 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		198,419
Shares available for grant | shares		1,409,686
Compensation expense		$ 5,800
Unrecognized compensation costs		$ 8,800
Weighted average period of recognition of compensation expense (in years)		1 year 10 months 6 days
Weighted average contractual term for stock options outstanding, years		7 years 2 months 23 days
Weighted average contractual term for stock options exercisable, years		6 years 5 months 21 days
Selling, General And Administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		$ 5,400	$ 5,900
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		575,470
Aggregate intrinsic value of stock options exercised		$ 100
Aggregate intrinsic value of stock options outstanding		300
Aggregate intrinsic value of stock options exercisable		$ 200
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		1,200
Restricted stock units granted | shares		60,090	34,942
Granted RSU awards fair value | $ / shares		$ 51.85	$ 71.82
Aggregate intrinsic value of RSU Awards / RSU MSPs		$ 2,400
Aggregate intrinsic value of RSU Awards outstanding		$ 5,000
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		four
Restricted stock units discount amount | $ / shares		17.11	23.61
Aggregate intrinsic value of RSU Awards / RSU MSPs		$ 500
Aggregate intrinsic value of RSU Awards outstanding		500
Aggregate intrinsic value of RSU Awards vested and deferred		$ 100
Cash Settled Stock Unit Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSU outstanding | shares		29,970			38,307
Cash used to settle awards		$ 600
Accrued expenses and current liabilities for Cash Settled Stock Unit Awards		600		$ 1,300
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	$ 400
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)	9 Months Ended
	Oct. 04, 2015	Sep. 28, 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	9 Months Ended
	Oct. 04, 2015	Sep. 28, 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 Comprehensi54

Accumulated Other Comprehensive Loss (Details) $ in Thousands	9 Months Ended
	Oct. 04, 2015USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of December 31, 2014	$ (33,946)
Other comprehensive (loss), net of tax	(23,357)
Balance as of October 4, 2015	(57,303)
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), net of tax	(23,357)
Balance as of October 4, 2015	(28,469)
Pension, net
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of December 31, 2014	(28,834)
Other comprehensive (loss), net of tax	0
Balance as of October 4, 2015	$ (28,834)

Special Charges_Recoveries (Det

Special Charges/Recoveries (Details) - USD ($) $ in Thousands	Mar. 28, 2014	Jan. 24, 2014	Oct. 04, 2015	Jul. 05, 2015	Apr. 05, 2015	Dec. 31, 2014	Sep. 28, 2014	Jun. 29, 2014	Oct. 04, 2015	Sep. 28, 2014
Restructuring Reserve [Roll Forward]
Restructuring Reserve Beginning of Period				$ 8,327	$ 9,133			$ 2,095	$ 9,133	$ 4,180
Restructuring charges			$ 342				$ 478		4,981	2,521
Watts settlement	$ (300)					$ (6,200)			(1,044)	(300)
Gain from settlement of TMW litigation		$ (2,200)								2,243
Deferred Compensation Arrangement with Individual, Compensation Expense									420
Other Nonrecurring (Income) Expense			8,277				478		13,098	578
Special charges paid			5,579				901		11,206	3,086
Restructuring Reserve End of Period			11,025		8,327	9,133			11,025
Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Restructuring Reserve Beginning of Period						1,672
Facility related recovery			(260)
Restructuring charges							8		378	525
Brazil exit			7,876						7,876
Total special and restructuring charges			8,277							578
Restructuring Reserve End of Period							1,672			1,672
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			602				470		4,603	1,996
Acquisitions [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			59	300	500				865
Inventory Related Charges [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			6,400
Energy [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			279				375		3,440	1,572
Watts settlement									(2)
Deferred Compensation Arrangement with Individual, Compensation Expense									0
Other Nonrecurring (Income) Expense									12,179
Energy [Member] | Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Facility related recovery			(260)
Restructuring charges							8		121	432
Brazil exit			7,876						7,876
Total special and restructuring charges			8,214							1,572
Energy [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			539				367		3,319	1,140
Energy [Member] | Acquisitions [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			59						865
Energy [Member] | Inventory Related Charges [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			200
Aerospace [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges									1,541	632
Watts settlement									(1,042)
Deferred Compensation Arrangement with Individual, Compensation Expense									0
Other Nonrecurring (Income) Expense									499
Aerospace [Member] | Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges									257	93
Aerospace [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges									1,284	539
Aerospace [Member] | Acquisitions [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			0						0
Aerospace & Defense [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			63				75
Gain from settlement of TMW litigation										2,243
Aerospace & Defense [Member] | Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Facility related recovery			0
Restructuring charges							0
Total special and restructuring charges			63							(1,611)
Aerospace & Defense [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			63				75
Aerospace & Defense [Member] | Inventory Related Charges [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges				$ 2,000			2,900	$ 5,100
Corporate [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			0				28		0	317
Watts settlement					$ (300)				0
Deferred Compensation Arrangement with Individual, Compensation Expense									420
Other Nonrecurring (Income) Expense									420
Corporate [Member] | Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Facility related recovery			0
Restructuring charges							0		0	0
Brazil exit			0						0
Total special and restructuring charges										617
Corporate [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring charges			0				$ 28		0	$ 317
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	Oct. 04, 2015USD ($)
2015 Announced Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	$ 4,387
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	4,015
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	372
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	3,437
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	950
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	115
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	3,322
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	693
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	Oct. 04, 2015	Jul. 05, 2015	Apr. 05, 2015	Dec. 31, 2014	Sep. 28, 2014	Jun. 29, 2014	Oct. 04, 2015	Sep. 28, 2014
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Watts settlement agreement amount	$ 1,500
Restructuring charges			$ 342				$ 478		$ 4,981	$ 2,521
Watts settlement	$ 300					$ 6,200			1,044	300
Gain from settlement of TMW litigation		$ 2,200								(2,243)
Special charges, net			8,277				478		13,098	578
Energy [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			279				375		3,440	1,572
Watts settlement									2
Special charges, net									12,179
Corporate [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			0				28		0	317
Watts settlement					$ 300				0
Special charges, net									420
Aerospace [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges									1,541	632
Watts settlement									1,042
Special charges, net									499
Aerospace & Defense [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			63				75
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			59	$ 300	$ 500				865
Acquisitions [Member] | Energy [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			59						865
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] | 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]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges			6,400
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							8		378	525
Total special and restructuring charges			8,277							578
Facility Closing [Member] | Energy [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges							8		121	432
Total special and restructuring charges			8,214							1,572
Facility Closing [Member] | Corporate [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring charges							0		0	0
Total special and restructuring charges										617
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							$ 0
Total special and restructuring charges			63							$ (1,611)
Property, Plant and Equipment [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Impairment of property, plant and equipment assets			2,000
Trademarks [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Impairment of indefinite-lived intangibles			$ 500

Subsequent Events (Details)

Subsequent Events (Details) $ in Millions	3 Months Ended
	Oct. 04, 2015USD ($)
Subsequent Events [Abstract]
Expected cost to be incurred	$ 3.4
Value added tax receivable, not expected to be recovered	1.8
Long-term purchase commitments, adverse consequences	1.6
Customer cancellation penalties	1
Expected litigation claims	$ 0.5