Circor International (CIR) 10-Q 28 Jul 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jul. 02, 2017	Jul. 24, 2017
Document And Entity Information [Abstract]
Entity Registrant Name	CIRCOR INTERNATIONAL INC
Entity Central Index Key	1,091,883
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jul. 2, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		16,499,620

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 02, 2017	Dec. 31, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 77,272	$ 58,279
Trade accounts receivable, less allowance for doubtful accounts of $4,761 and $5,056, respectively	121,161	133,046
Inventories	161,750	149,584
Prepaid expenses and other current assets	38,285	29,557
Total Current Assets	398,468	370,466
PROPERTY, PLANT AND EQUIPMENT, NET	98,428	99,713
OTHER ASSETS:
Goodwill	210,009	206,659
Intangibles, net	132,057	135,778
Other assets	10,283	8,140
TOTAL ASSETS	849,245	820,756
CURRENT LIABILITIES:
Accounts payable	63,879	46,767
Accrued expenses and other current liabilities	45,388	50,707
Accrued compensation and benefits	16,593	20,249
Long-term Debt, Current Maturities	5,000	0
Total Current Liabilities	130,860	117,723
LONG-TERM DEBT	247,856	251,200
DEFERRED INCOME TAXES	10,731	13,657
OTHER NON-CURRENT LIABILITIES	21,701	33,766
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; 16,499,620 and 16,445,363 shares issued and outstanding at July 2, 2017 and December 31, 2016, respectively	179	178
Additional paid-in capital	292,619	289,423
Retained earnings	277,451	265,543
Common treasury stock, at cost (1,372,488 shares at July 2, 2017 and December 31, 2016)	(74,472)	(74,472)
Accumulated other comprehensive loss, net of tax	(57,680)	(76,262)
Total Shareholders’ Equity	438,097	404,410
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 849,245	$ 820,756

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jul. 02, 2017	Dec. 31, 2016
Trade accounts receivable, allowance for doubtful accounts	$ 4,748	$ 5,056
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	16,499,620	16,445,363
Common Stock, Shares, Outstanding	16,499,620	16,445,363

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2017	Jul. 03, 2016	Jul. 02, 2017	Jul. 03, 2016
Net revenues	$ 151,231	$ 146,392	$ 296,439	$ 297,190
Cost of revenues	103,563	99,961	202,139	205,526
GROSS PROFIT	47,668	46,431	94,300	91,664
Selling, general and administrative expenses	38,218	36,490	78,305	74,289
Restructuring and Related Cost, Incurred Cost	(1,954)	4,594	(2,763)	6,533
OPERATING INCOME	11,404	5,347	18,758	10,842
Other expense (income):
Interest expense, net	2,184	605	3,853	1,236
Other expense (income), net	974	(549)	1,200	(1,077)
TOTAL OTHER EXPENSE, NET	3,158	56	5,053	159
INCOME BEFORE INCOME TAXES	8,246	5,291	13,705	10,683
(Benefit) provision for income taxes	(724)	1,478	(37)	2,998
NET INCOME	$ 8,970	$ 3,813	$ 13,742	$ 7,685
Earnings per common share:
Basic	$ 0.54	$ 0.23	$ 0.83	$ 0.47
Diluted	$ 0.54	$ 0.23	$ 0.82	$ 0.46
Weighted average number of common shares outstanding:
Basic	16,497	16,424	16,478	16,403
Diluted	16,762	16,595	16,726	16,538
Dividends declared per common share	$ 0.0375	$ 0.0375	$ 0.0750	$ 0.0750

Statements Of Consolidated Comp

Statements Of Consolidated Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2017	Jul. 03, 2016	Jul. 02, 2017	Jul. 03, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 8,970	$ 3,813	$ 13,742	$ 7,685
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments		(7,121)	18,581	1,173
Other comprehensive income (loss)	13,185	(7,121)	18,581	1,173
COMPREHENSIVE INCOME (LOSS)	$ 22,155	$ (3,308)	$ 32,323	$ 8,858

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jul. 02, 2017	Jul. 03, 2016
OPERATING ACTIVITIES
Net income	$ 13,742	$ 7,685
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	7,345	6,476
Amortization	6,216	5,098
Bad debt recovery	(319)	(853)
Loss on write down of inventory	1,068	4,011
Compensation expense of share-based plans	1,386	2,909
Tax effect of share-based plan compensation	0	(116)
Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Change in Unrealized Gain (Loss)	(12,200)	0
(Gain) Loss on sale or write down of property, plant and equipment	(66)	3,116
Gain (Loss) on Disposition of Business	5,300	0
Changes in operating assets and liabilities, net of effects of acquisition:
Trade accounts receivable	16,478	11,555
Inventories	(12,382)	13,281
Prepaid expenses and other assets	(8,011)	(3,480)
Accounts payable, accrued expenses and other liabilities	305	(32,161)
Net cash provided by operating activities	18,862	17,753
INVESTING ACTIVITIES
Purchases of property, plant and equipment	(5,504)	(6,998)
Proceeds from the sale of property, plant and equipment	318	1,138
Goodwill, Purchase Accounting Adjustments	1,467	0
Net cash used in investing activities	(3,719)	(5,860)
FINANCING ACTIVITIES
Proceeds from long-term debt	333,021	65,939
Payments of long-term debt	(332,233)	(58,890)
Debt issuance costs	450	0
Dividends paid	(1,251)	(1,249)
Proceeds from the exercise of stock options	707	180
Tax effect of share-based plan compensation	0	(116)
Net cash (used in) provided by financing activities	(206)	5,864
Effect of exchange rate changes on cash and cash equivalents	4,056	672
INCREASE IN CASH AND CASH EQUIVALENTS	18,993	18,429
Cash and cash equivalents at beginning of period	58,279	54,541
FINANCING ACTIVITIES	77,272	72,970
Non-cash investing activities:
Purchases of property and equipment included in accounts payable and accrued expenses	618	1,418
Debt issuance costs included in accounts payable and accrued expenses	277	0
Debt issuance costs funded through New Credit Agreement	1,262	0
Energy Segment [Member]
INVESTING ACTIVITIES
Purchases of property, plant and equipment	$ (1,496)	$ (1,555)

Basis Of Presentation

Basis Of Presentation	6 Months Ended
	Jul. 02, 2017
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 necessary for a fair statement of the consolidated balance sheets, consolidated statements of income, consolidated statements of comprehensive income (loss) 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 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, 2016 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, 2016 consolidated financial statements, which were included in our Annual Report on Form 10-K for the year ended December 31, 2016. 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 on Form 10-K for the year ended December 31, 2016. We operate and report financial information using a fiscal year ending December 31. The data periods contained within our Quarterly Reports on Form 10-Q reflect the results of operations for the 13-week, 26-week and 39-week periods which generally end on the Sunday nearest the calendar quarter-end date. Operating results for the six months ended July 2, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017 .

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	6 Months Ended
	Jul. 02, 2017
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	Summary of Significant Accounting Policies The significant accounting policies used in preparation of these condensed consolidated financial statements for the six months ended July 2, 2017 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, 2016. New Accounting Standards - Not yet Adopted On May 10, 2017, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") 2017-09, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting, which clarifies when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting is required only if the fair value, the vesting conditions, or the classification of the award changes as a result of the change in terms or conditions. The amendments in this ASU also clarify that no new measurement date will be required if an award is not probable of vesting at the time a change is made and there is no change to the fair value, vesting conditions, and classification. The amendments in this ASU are effective for public business entities for annual periods beginning after December 15, 2017, including interim periods within those annual periods. We intend to adopt the standard prospectively after the effective date and have not yet determined its impact on our consolidated financial statements. In March 2017, the FASB issued ASU 2017-07, Compensation—Retirement Benefits (Topic 715), which improves the consistency, transparency, and usefulness of the service cost and net benefit cost financial information components. The amendments in this ASU amend presentation requirements of service cost and other components of net benefit cost in the income statement. In addition, the ASU allows only the service cost component of net benefit cost to be eligible for capitalization. The amendments in this ASU are effective for public business entities for annual periods beginning after December 15, 2017, including interim periods within those annual periods. We intend to adopt the standard prospectively after the effective date and have not yet determined its impact on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-02, Leases. ASU 2016-02 outlines a model for lessees by recognizing all lease-related assets and liabilities on the balance sheet. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early application is permitted for all entities. ASU 2016-02 requires a modified retrospective approach for all leases existing at, or entered into after, the date of initial application, with an option to elect to use certain transition relief. We are still evaluating the requirements of ASU 2016-02 to determine the impact it will have on our consolidated financial statements but expect the standard to have a material impact on our assets and liabilities for the addition of right-of-use assets with corresponding lease liabilities. Based on our evaluation, we will adopt this new standard on January 1, 2019. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. ASU 2014-09 provides for a single comprehensive model 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. ASU 2014-09 allows for adoption 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. Subsequent to the issuance of the ASU 2014-09, the FASB issued additional updates relating to reporting revenue on a gross versus net basis, identifying performance obligations and licensing arrangements, narrow-scope improvements and practical expedients, technical corrections and improvements, and service concession arrangements. In the first quarter of 2017, we established a cross-functional implementation team including representatives from general management, sales, legal, and finance. We deployed a detailed approach to analyze the impact of the standard on our customer contract portfolio by comparing our current accounting policies and practices to identify potential differences that would result from applying the new standard. In addition, we identified potential changes to our business processes and controls to support recognition and disclosure under the new standard. In the second quarter of 2017, we made progress toward completing our evaluation of the potential changes from adopting the new standard on our future financial reporting and disclosures. Activities performed during the quarter included: reviewing and understanding our customer terms and conditions, drafting a new revenue recognition policy, and training our finance professionals in the new standard. We continue to closely monitor FASB activity related to the new standard, as well as working with advisors on specific interpretative issues. The implementation team has reported the findings and progress of the project to management and the Audit Committee of our Board of Directors. We continue to analyze our contracts under the new standard, especially for those contracts that could require revenue recognition over time, which would be a change to our current revenue recognition model. Based on our evaluation, we will adopt this new standard on January 1, 2018 and anticipate using the modified retrospective method.

Inventories

Inventories	6 Months Ended
	Jul. 02, 2017
Inventory, Net [Abstract]
Inventories	Inventories Inventories consist of the following (in thousands): July 2, 2017 December 31, 2016 Raw materials $ 63,001 $ 54,359 Work in process 78,348 68,718 Finished goods 20,401 26,507 Total inventories $ 161,750 $ 149,584

Business Acquisitions

Business Acquisitions	6 Months Ended
	Jul. 02, 2017
Business Combinations [Abstract]
Business Acquisitions	Business Acquisition On October 12, 2016, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among the Company, Downstream Holding, LLC, a Delaware limited liability company which does business as Critical Flow Solutions (“Downstream” or “CFS”), Downstream Acquisition LLC, a Delaware limited liability company and subsidiary of the Company, and Sun Downstream, LP, a Delaware limited partnership, to acquire all of the outstanding units of Downstream. The consideration payable by the Company pursuant to the terms of the Merger Agreement is $195.0 million , subject to (i) up to an additional $15.0 million payable pursuant to an earn-out relating to achievement of a specified order bookings target by the acquired business in the twelve month period ending September 30, 2017, (ii) increase or decrease based on deviation, subject to certain limitations, from a working capital target, (iii) decrease for indebtedness and certain transaction expenses of CFS, (iv) increase for the amount of CFS cash as of the closing, and (v) a potential increase for certain transaction related tax benefits, net of certain adjustments, if and when realized by the Company. The total consideration paid at closing on October 13, 2016 was approximately $198.0 million in cash, net of cash acquired and including amounts paid at closing for estimated adjustments for CFS working capital, the repayment of CFS outstanding indebtedness and payment of certain transaction expenses. The Company funded the purchase price and payments at closing from borrowings under the Company’s existing credit agreement. The estimated undiscounted range of outcomes for the contingent consideration will be in the range of zero to $15.0 million . If the minimum target is met, $7.5 million will be earned. The estimated fair value of the earn-out as of the acquisition date and as of December 31, 2016 was $12.2 million , based on a Monte Carlo simulation model. The Monte Carlo model calculates the probability of satisfying the target conditions stipulated in the award. The Company revised its forecasts during the three months ended April 2, 2017 and July 2, 2017, respectively. Based on actual performance to date as well as forecasts through the end of September 2017, achievement of the orders target in the specified timeframe is unlikely as projects have shifted out of the period. Accordingly, the revised fair value assessment indicates an earn-out of zero as of July 2, 2017. The fair value of the earn-out decreased $9.7 million and $12.2 million during the three and six months ended July 2, 2017, respectively and was recorded within Special and restructuring (recoveries) charges, net as a gain. The Company will continue to assess the probability that the target could be met by September 30, 2017 and at what level, and any subsequent changes in the estimated fair value of the liability will be reflected in earnings until the liability is fully settled. During the six months ended July 2, 2017, the Company received $ 1.5 million as settlement for working capital adjustments. This reduction of purchase price was recorded as a reduction of goodwill. The operating results of CFS have been included in our consolidated financial statements from the date of acquisition and reported within the Energy segment. The results for the three and six months ended July 2, 2017 include $20.3 million and $42.7 million of net revenue, and $13.3 million and $14.8 million of operating income, respectively. 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, including for the contingent consideration, 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 in the third quarter of 2017. 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 $ 6,603 Accounts receivable 28,128 Unbilled receivable 10,786 Inventory 18,701 Prepaid and other current assets 4,380 Property, plant and equipment 21,214 Identifiable intangible assets 101,600 Accounts payable (11,655 ) Accrued and other expenses (8,644 ) Deferred revenue (3,997 ) Deferred income taxes (42,661 ) Total identifiable net assets $ 124,455 Goodwill 91,579 Total purchase price $ 216,034 The fair value of accounts receivable acquired approximates the contractual value of $28.1 million. The excess of purchase price paid over the fair value of CFS' net assets was recorded to goodwill, which is primarily attributable to projected future profitable growth, market penetration, as well as an expanded customer base for the Energy segment. Goodwill is not deductible for income tax purposes. The CFS acquisition resulted in the identification of the following identifiable intangible assets: Intangible assets acquired (in thousands) Weighted average amortization period (in years) Customer relationship $ 49,600 14 Existing technology 25,800 10 Trade name 24,100 Indefinite Aftermarket backlog 2,100 1 Total intangible assets $ 101,600 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. These approaches 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, aftermarket backlog, and existing technology are amortized on a cash flow basis which reflects the economic benefit consumed. The trade name was assigned an indefinite life based on the Company’s intention to keep the DeltaValve and TapcoEnpro names for an indefinite period of time. Refer to Note 5 for future expected amortization to be recorded.

Goodwill And Intangible Assets

Goodwill And Intangible Assets	6 Months Ended
	Jul. 02, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill And Intangible Assets	Goodwill and Intangibles, net The following table shows goodwill by segment as of December 31, 2016 and July 2, 2017 (in thousands): Energy Advanced Flow Solutions Total Goodwill as of December 31, 2016 $ 144,405 $ 62,254 $ 206,659 Business acquisition, working capital adjustments (1,467 ) — (1,467 ) Currency translation adjustments 1,182 3,635 4,817 Goodwill as of July 2, 2017 $ 144,120 $ 65,889 $ 210,009 The table below presents gross intangible assets and the related accumulated amortization as of July 2, 2017 (in thousands): Gross Carrying Amount Accumulated Amortization Patents $ 5,399 $ (5,399 ) Non-amortized intangibles (primarily trademarks and trade names) 39,148 — Customer relationships 102,663 (35,732 ) Order backlog 7,350 (7,036 ) Acquired technology 28,227 (3,194 ) Other 5,274 (4,643 ) Total $ 188,061 $ (56,004 ) Net carrying value of intangible assets $ 132,057 The table below presents estimated remaining amortization expense for intangible assets recorded as of July 2, 2017 (in thousands): Remainder of 2017 2018 2019 2020 2021 After 2021 Estimated amortization expense $ 6,391 $ 11,119 $ 10,941 $ 9,535 $ 8,046 $ 46,877

Segment Information

Segment Information	6 Months Ended
	Jul. 02, 2017
Segment Reporting [Abstract]
Segment Information	Segment Information The following table presents certain reportable segment information (in thousands): Three Months Ended Six Months Ended July 2, 2017 July 3, 2016 July 2, 2017 July 3, 2016 Net revenues Energy $ 82,586 $ 80,736 $ 162,721 $ 164,145 Advanced Flow Solutions 68,645 65,656 133,718 133,045 Consolidated net revenues 151,231 146,392 296,439 297,190 Segment Income Energy - Segment Operating Income 8,858 9,293 15,722 18,589 Advanced Flow Solutions - Segment Operating Income 8,587 8,064 16,297 16,516 Corporate expenses (5,396 ) (5,431 ) (10,874 ) (11,919 ) Subtotal 12,049 11,926 21,145 23,186 Restructuring charges, net 3,566 3,259 5,025 4,422 Special (recoveries) charges, net (5,520 ) 1,335 (7,788 ) 2,111 Special and restructuring (recoveries) charges, net (1,954 ) 4,594 (2,763 ) 6,533 Restructuring related inventory charges — 75 — 2,032 Acquisition amortization 2,599 1,910 5,150 — 3,779 Restructuring and other cost, net 2,599 1,985 5,150 5,811 Consolidated Operating Income 11,404 5,347 18,758 10,842 Interest Expense, net (a) 2,184 605 3,853 1,236 Other Expense (income), net (a) 974 (549 ) 1,200 (1,077 ) Income from continuing operations before income taxes $ 8,246 $ 5,291 $ 13,705 $ 10,683 Capital expenditures Energy $ 706 $ 633 $ 1,496 $ 1,555 Advanced Flow Solutions 1,646 2,670 2,604 4,892 Corporate 260 123 743 229 Consolidated capital expenditures $ 2,612 $ 3,426 $ 4,843 $ 6,676 Depreciation and amortization Energy $ 3,113 $ 1,508 $ 6,184 $ 3,034 Advanced Flow Solutions 3,211 3,941 6,682 7,882 Corporate 346 332 695 657 Consolidated depreciation and amortization $ 6,670 $ 5,781 $ 13,561 $ 11,573 Identifiable assets July 2, 2017 July 3, 2016 Energy $ 675,049 $ 456,153 Advanced Flow Solutions 415,447 432,302 Corporate (241,251 ) (230,980 ) Consolidated identifiable assets $ 849,245 $ 657,475 The total assets for each reportable segment have been reported as the Identifiable Assets for that segment, including inter-segment intercompany receivables, payables and investments in other CIRCOR companies. Identifiable assets reported in Corporate 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 for Identifiable Assets. Corporate Identifiable Assets excluding intercompany assets were $ 53.8 million and $ 48.7 million as of July 2, 2017 and July 3, 2016 , respectively.

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Jul. 02, 2017
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share ("EPS") (in thousands, except per share amounts) Three Months Ended July 2, 2017 July 3, 2016 Net Income Shares Per Share Amount Net Income Shares Per Share Amount Basic EPS $ 8,970 16,497 $ 0.54 $ 3,813 16,424 $ 0.23 Dilutive securities, common stock options — 265 — — 171 — Diluted EPS $ 8,970 16,762 $ 0.54 $ 3,813 16,595 $ 0.23 Six Months Ended July 2, 2017 July 3, 2016 Net Income Shares Per Share Amount Net Income Shares Per Share Amount Basic EPS $ 13,742 16,478 $ 0.83 $ 7,685 16,403 $ 0.47 Dilutive securities, common stock options — 248 (0.01 ) — 135 (0.01 ) Diluted EPS $ 13,742 16,726 $ 0.82 $ 7,685 16,538 $ 0.46 Stock options, Restricted Stock Unit Awards (“RSU Awards”) and Restricted Stock Unit Management Stock Plans ("RSU MSPs") covering 173,840 and 136,041 shares of common stock, for the six months ended July 2, 2017 and July 3, 2016 , respectively, were not included in the computation of diluted EPS because their effect would be anti-dilutive.

Financial Instruments

Financial Instruments	6 Months Ended
	Jul. 02, 2017
Fair Value Disclosures [Abstract]
Financial Instruments	Financial Instruments Fair Value The carrying amounts of cash and cash equivalents, trade receivables and trade payables approximate fair value because of the short maturity of these financial instruments. Cash equivalents are carried at cost which approximates fair value at the balance sheet date and are Level 1 financial instruments. On May 11, 2017, we entered into a new five year secured Credit Agreement (the "New Credit Agreement"), that provides for a $400 million revolving line of credit and a $100 million term loan which was funded at closing in full. The New Credit Agreement replaced and terminated the Company’s prior Credit Agreement, dated as of July 31, 2014 (the "Prior Credit Agreement"). The term loan requires quarterly principal payments of 1.125% beginning June 30, 2017. The Company has mandatory debt repayment obligations of $5 million per year ( $1.3 million per quarter) until 2022 under the New Credit Agreement. The outstanding principal amounts bear interest at a fluctuating rate per annum (generally the 30 day LIBOR rate) plus an applicable margin, with such margin being determined in accordance with the leverage ratio of the Company. As of July 2, 2017 and December 31, 2016, 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 and is a Level 2 financial instrument. The Prior Credit Agreement, under which we had borrowings of approximately $254 million outstanding, was terminated, as of May 11, 2017 and replaced by the New Credit Agreement. Our New Credit Agreement is anticipated to be used to fund potential acquisitions, to support our operational growth initiatives and working capital needs, and for general corporate purposes. As of July 2, 2017 , we had borrowings of $252.9 million outstanding under the New Credit Agreement and $40.1 million outstanding under letters of credit. The New Credit Agreement matures on May 11, 2022. Contingent consideration obligations are measured at fair value and are based on significant inputs not observable in the market, which represents a Level 3 measurement within the fair value hierarchy. The valuation of contingent consideration uses assumptions and estimates to forecast a range of outcomes and probabilities for the contingent consideration. Contingent consideration obligations are valued using a Monte Carlo simulation model. We assess these assumptions and estimates on a quarterly basis as additional data impacting the assumptions is obtained. Any changes in the fair value of contingent consideration related to updated assumptions and estimates will be recognized within the special and restructuring (recoveries) charges, net caption on our consolidated statements of income during the period in which the change occurs. Our contingent consideration liability is related to the acquisition of CFS on October 12, 2016, which included an estimate of the contingent payment relating to achievement of specified business performance targets by the acquired business in the twelve month period ending September 30, 2017. The estimated fair value of the contingent consideration is zero as of July 2, 2017 based on actual performance to date and revised forecasts. See Note 4 for additional details related to the transaction. Foreign Currency Contracts 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 has used 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 gains and losses on our contracts are recognized as a component of other expense (income), net in our consolidated statements of income. As of July 2, 2017, we had no forward contracts. As of December 31, 2016, we had four forward contracts. The fair value liability of the derivative forward contracts as of December 31, 2016 was $0.1 million and was included in accrued expenses and other current liabilities on our consolidated balance sheet. Our foreign currency forward contracts fall within Level 2 of the fair value hierarchy, in accordance with Accounting Standards Codification ("ASC") Topic 820.

Guarantees And Indemnification

Guarantees And Indemnification Obligations	6 Months Ended
	Jul. 02, 2017
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 July 2, 2017 . We record provisions for the estimated cost of product warranties, primarily from historical information, at the time product revenue is recognized. We also record provisions with respect to any significant individual warranty issues as they arise. While we engage in extensive product quality programs and processes, our warranty obligation is affected by product failure rates, utilization levels, material usage, service delivery costs incurred in correcting a product failure, and supplier warranties on parts delivered to us. Should actual product failure rates, utilization levels, material usage, service delivery costs or supplier warranties on parts differ from our estimates, revisions to the estimated warranty liability would be required. The following table sets forth information related to our product warranty reserves for the six months ended July 2, 2017 (in thousands): Balance beginning December 31, 2016 $ 4,559 Provisions 2,050 Claims settled (2,821 ) Currency translation adjustment 121 Balance ending July 2, 2017 $ 3,909 Warranty obligations decreased $0.7 million from $4.6 million as of December 31, 2016 to $3.9 million as of July 2, 2017 , primarily driven by claims settled within our Energy segment.

Contingencies And Commitments

Contingencies And Commitments	6 Months Ended
	Jul. 02, 2017
Commitments and Contingencies Disclosure [Abstract]
Contingencies And Commitments	Commitments and Contingencies 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, Inc.) (“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 the Company. We are subject to various legal proceedings and claims pertaining to matters such as product liability or contract disputes, including issues arising under certain customer contracts with aerospace and defense customers. We are also subject to other proceedings and governmental inquiries, inspections, audits or investigations pertaining to issues such as tax matters, patents and trademarks, pricing, business practices, governmental regulations, employment and other matters. Although the results of litigation and claims cannot be predicted with certainty, we believe that the ultimate disposition of these matters, to the extent not previously provided for, will not have a material adverse effect, individually or in the aggregate, on our business, financial condition, results of operations or liquidity. We are involved in the preliminary stages of an environmental remediation at our China facility. Our estimate of the liability of total environmental remediation costs is $1.7 million , and $0.3 million was recorded as selling, general and administrative expenses during the twelve months ended December 31, 2016, with the remaining $1.4 million recorded as Special and restructuring (recoveries) charges, net during the six months ended July 2, 2017 . Due to the complexity of environmental laws and regulations, the varying costs and effectiveness of alternative cleanup methods and technologies, the uncertainty of insurance coverage and the unresolved extent of our responsibility, it is difficult to determine the ultimate outcome of environmental matters. However, we do not expect any additional liability to have a material adverse effect on our financial position, results of operations or liquidity. 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 $40.1 million at July 2, 2017 . We believe that the likelihood of demand for a significant payment relating to the outstanding instruments is remote. These instruments generally have expiration dates ranging from less than 1 month to 5 years from July 2, 2017 . The following table contains information related to standby letters of credit instruments outstanding as of July 2, 2017 : Term Remaining Maximum Potential Future Payments 0–12 months $ 11,410 Greater than 12 months 28,680 Total $ 40,090

Defined Pension Benefit Plans

Defined Pension Benefit Plans	6 Months Ended
	Jul. 02, 2017
General Discussion of Pension and Other Postretirement Benefits [Abstract]
Defined Pension Benefit Plans	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, we froze the pension benefits of our qualified noncontributory plan participants. Under the revised plan, such participants generally do not accrue any additional benefits under the defined benefit plan after July 1, 2006. During the three and six months ended July 2, 2017 , we made cash contributions of $0.4 million and $0.8 million , respectively, to our qualified noncontributory defined benefit pension plan. We expect to make cash contributions during the remainder of 2017 in the range of $0.4 million and $0.8 million . The components of net periodic cost (benefit) of defined benefit pension plans are as follows (in thousands): Three Months Ended Six Months Ended July 2, 2017 July 3, 2016 July 2, 2017 July 3, 2016 Interest cost on benefits obligation $ 426 $ 574 $ 852 $ 1,147 Estimated return on assets (576 ) (664 ) (1,151 ) (1,327 ) Loss amortization 184 226 367 453 Net periodic cost of defined benefit pension plans $ 34 $ 136 $ 68 $ 273 Additionally, substantially all of our U.S. employees are eligible to participate in a 401(k) savings plan. Under this plan, we match a specified percentage of employee contributions, and are able to make a discretionary core contribution, subject to certain limitations.

Income Taxes

Income Taxes	6 Months Ended
	Jul. 02, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes As of July 2, 2017 and December 31, 2016, we had $2.8 million and $3.0 million of unrecognized tax benefits, respectively, of which $2.7 million and $2.9 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 2013 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. The Company has a net U.S. and a net foreign deferred tax liability. Due to uncertainties related to our ability to utilize certain U.S. domestic deferred income tax assets, primarily consisting of state net operating losses and state tax credits carried forward, we maintained a total valuation allowance of $2.7 million at July 2, 2017 and $ 3.0 million at December 31, 2016. The valuation allowance is based on estimates of 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 deferred tax assets, which may have a material adverse effect on our business, results of operations and financial condition.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jul. 02, 2017
Share-based Compensation [Abstract]
Share-Based Compensation	Share-Based Compensation As of July 2, 2017 , there were 852,441 stock options and 229,467 RSU and RSU MSP Awards outstanding. In addition, there were 767,385 shares available for grant under the 2014 Stock Option and Incentive Plan (the "2014 Plan") as of July 2, 2017 . During the six months ended July 2, 2017 , we granted 142,428 stock options compared with 210,633 stock options granted during the six months ended July 3, 2016 . The average fair value of stock options granted during the first six months of 2017 and 2016 was $19.36 and $11.91 , respectively, and was estimated using the following weighted-average assumptions: July 2, 2017 July 3, 2016 Risk-free interest rate 1.7 % 1.2 % Expected life (years) 4.5 4.5 Expected stock volatility 35.1 % 36.2 % Expected dividend yield 0.3 % 0.4 % For additional information regarding the historical issuance of stock options, refer to our Form 10-K for the year ended December 31, 2016 filed with the SEC on February 21, 2017. During the six months ended July 2, 2017 and July 3, 2016 , we granted 55,445 and 85,901 RSU Awards with approximate fair values of $61.05 and $39.23 per RSU Award, respectively. During the first six months of 2017 and 2016 , 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 55,445 RSU Awards granted during the six months ended July 2, 2017 , 31,369 are performance-based RSU Awards. This compares to 43,016 performance-based RSU Awards granted during the six months ended July 3, 2016 . RSU MSPs totaling 26,726 and 20,130 with per unit discount amounts representing fair values of $20.13 and $12.83 were granted during the six months ended July 2, 2017 and July 3, 2016 , respectively. Compensation expense related to our share-based plans for the six months ended July 2, 2017 and July 3, 2016 was $1.4 million and $2.9 million , respectively. The primary reason for lower expense during 2017 relates to a change in estimate of $1.1 million for anticipated below-threshold achievement of performance-based RSUs granted in both February 2015 and February 2016. Compensation expense for both periods was recorded as selling, general and administrative expenses. As of July 2, 2017 , there was $9.1 million of total unrecognized compensation costs related to our outstanding share-based compensation arrangements. That cost is expected to be recognized over a weighted average period of 2.1 years. The weighted average contractual term for stock options outstanding and options exercisable as of July 2, 2017 was 5.8 years and 5.1 years, respectively. The aggregate intrinsic value of stock options exercised during the six months ended July 2, 2017 was $0.4 million and the aggregate intrinsic value of stock options outstanding and options exercisable as of July 2, 2017 was $8.3 million and $4.7 million , respectively. The aggregate intrinsic value of RSU Awards settled during the six months ended July 2, 2017 was $1.6 million and the aggregate intrinsic value of RSU Awards outstanding and RSU Awards vested and deferred as of July 2, 2017 was $9.3 million and $0.2 million , respectively. The aggregate intrinsic value of RSU MSPs settled during the six months ended July 2, 2017 was $0.3 million and the aggregate intrinsic value of RSU MSPs outstanding as of July 2, 2017 was $1.8 million . There were no vested and deferred RSU MSPs as of July 2, 2017 . As of July 2, 2017 , there were 29,848 Cash Settled Stock Unit Awards outstanding compared to 33,320 as of December 31, 2016. During the six months ended July 2, 2017 , the aggregate cash used to settle Cash Settled Stock Unit Awards was $0.3 million . As of July 2, 2017 , we had $0.9 million of accrued expenses in current liabilities associated with these Cash Settled Stock Unit Awards compared with $1.0 million as of December 31, 2016. Cash Settled Stock Unit Award related compensation expense for the six months ended July 2, 2017 and July 3, 2016 was $0.1 million and $0.5 million , respectively, and was recorded as selling, general, and administrative expenses.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jul. 02, 2017
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 shareholders' equity, for the six months ended July 2, 2017 (in thousands): Foreign Currency Translation Adjustments Pension, net Total Balance as of December 31, 2016 $ (62,703 ) $ (13,558 ) $ (76,262 ) Other comprehensive income, net of tax 18,581 — 18,581 Balance as of July 2, 2017 $ (44,122 ) $ (13,558 ) $ (57,680 )

Special Charges_Recoveries

Special Charges/Recoveries	6 Months Ended
	Jul. 02, 2017
Restructuring and Related Activities [Abstract]
Special Charges/Recoveries	Special & Restructuring (Recoveries) Charges, net Special and Restructuring (Recoveries) Charges, net Special and restructuring charges, net consist of restructuring costs (including costs to exit a product line or program) as well as certain special charges such as significant litigation settlements and other transactions (charges or recoveries) that are described below. All items described below are recorded in Special and restructuring (recoveries) charges, net in our condensed consolidated statements of income. Certain other special and restructuring charges such as inventory related items may be recorded in cost of revenues given the nature of the item. The table below (in thousands) summarizes the amounts recorded within the special and restructuring (recoveries) charges, net line item on the condensed consolidated statements of income for the three and six months ended July 2, 2017 and July 3, 2016: Special & Restructuring (Recoveries) Charges, net For the three months ended For the six months ended July 2, 2017 July 3, 2016 July 2, 2017 July 3, 2016 Special (recoveries) charges, net $ (5,520 ) $ 1,335 (7,788 ) 2,111 Restructuring charges, net 3,566 3,259 5,025 4,422 Total special and restructuring (recoveries) charges, net $ (1,954 ) $ 4,594 $ (2,763 ) $ 6,533 Special (Recoveries) Charges, net The table below (in thousands) outlines the special (recoveries) charges, net recorded for the three and six months ended July 2, 2017: Special (Recoveries) Charges, net For the three months ended July 2, 2017 Energy Advanced Flow Solutions Corporate Total Divestiture $ — $ 3,748 $ 101 $ 3,849 Contingent consideration revaluation (9,700 ) — — (9,700 ) Acquisition related charges — — 136 136 Brazil closure 195 — — 195 Total special recoveries, net $ (9,505 ) $ 3,748 $ 237 $ (5,520 ) Special (Recoveries) Charges, net For the six months ended July 2, 2017 Energy Advanced Flow Solutions Corporate Total Divestiture $ — $ 3,748 $ 101 $ 3,849 Contingent consideration revaluation (12,200 ) — — (12,200 ) Acquisition related charges — — 136 136 Brazil closure 427 — — 427 Total special recoveries, net $ (11,773 ) $ 3,748 $ 237 $ (7,788 ) Divestiture: On July 7, 2017, we divested a non-core business as part of our simplification strategy. In connection with the sale, we recorded $5.3 million of special and restructuring charges. As of July 2, 2017, the business was held-for-sale and reported within the other current assets and liabilities captions on our condensed consolidated balance sheet. We measured the held-for-sale disposal group at its fair value less cost to sell, which was lower than its carrying value, and recorded a $3.8 million adjustment. Contingent Consideration Revaluation: The fair value of the CFS earn-out decreased $9.7 million and $12.2 million during the three and six months ended July 2, 2017, respectively. The change in fair value was recorded as a special gain during the three and six months ended July 2, 2017. Accordingly, the revised fair value assessment indicates an earn-out of zero as of July 2, 2017. Acquisition related charges: On October 12, 2016, we acquired CFS. In connection with our acquisition, we recorded $0.1 million of acquisition related professional fees during the three and six months ended July 2, 2017. Brazil Closure: On November 3, 2015, the Board of Directors approved the closure and exit of our Brazil manufacturing operations due to the economic realities in Brazil and the ongoing challenges with our only significant end customer, Petrobras. CIRCOR Brazil reported substantial operating losses every year since it was acquired in 2011 while the underlying market conditions and outlook deteriorated. In connection with the closure, we recorded $0.2 million and $0.4 million of charges within the Energy segment during the three and six months ended July 2, 2017, respectively, which relates to losses incurred subsequent to our Q1 2016 closure of manufacturing operations. As of July 2, 2017, our remaining Brazil assets were $1.6 million , of which $0.9 million relates to assets held-for-sale, $0.5 million relates to cash, and $0.2 million relates to net third party accounts receivables. The Brazil assets held-for-sale as of July 2, 2017 are reported within the other current assets caption on our condensed consolidated balance sheet. The table below (in thousands) outlines the special charges (recoveries), net recorded for the three and six months ended July 3, 2016: Special Charges (Recoveries), net For the three months ended July 3, 2016 Energy Advanced Flow Solutions Corporate Total Brazil Closure $ 1,383 $ — $ — $ 1,383 Acquisition related recoveries — (48 ) — (48 ) Total special charges (recoveries), net $ 1,383 $ (48 ) $ — $ 1,335 Special Charges (Recoveries), net For the six months ended July 3, 2016 Energy Advanced Flow Solutions Corporate Total Brazil Closure $ 2,270 $ — $ 2 $ 2,272 Acquisition related recoveries — (161 ) — (161 ) Total special charges (recoveries), net $ 2,270 $ (161 ) $ 2 $ 2,111 Brazil Closure: In connection with the closure, we recorded $1.4 million and $2.3 million of charges within the Energy segment during the three and six months ended July 3, 2016, respectively, which primarily related to employee termination costs and losses incurred subsequent to our Q1 2016 closure of manufacturing operations. Acquisition related charges: On April 15, 2015, we acquired Germany-based Schroedahl. In connection with our acquisition of Schroedahl, we recorded $0.1 million and $0.2 million of recoveries of acquisition related professional fees during the three months and six months ended July 3, 2016, respectively. Restructuring Charges, net The tables below (in thousands) outline the charges (or any recoveries) associated with restructuring actions recorded for the three and six months ended July 2, 2017 and July 3, 2016, respectively. A description of the restructuring actions is provided in the section titled "Restructuring Programs Summary" below. Restructuring Charges / (Recoveries) As of and for the three months ended July 2, 2017 Energy Advanced Flow Solutions Corporate Total Facility related expenses $ 1,144 $ 225 $ — $ 1,369 Employee related expenses 803 1,394 — 2,197 Total restructuring charges, net $ 1,947 $ 1,619 $ — $ 3,566 Accrued restructuring charges as of April 3, 2017 $ 1,418 Total year to date charges, net (shown above) 3,566 Charges paid / settled, net (2,866 ) Accrued restructuring charges as of July 2, 2017 $ 2,118 Restructuring Charges / (Recoveries) As of and for the six months ended July 2, 2017 Energy Advanced Flow Solutions Corporate Total Facility related expenses $ 1,994 $ 332 $ — $ 2,326 Employee related expenses 975 1,724 — 2,699 Total restructuring charges, net $ 2,969 $ 2,056 $ — $ 5,025 Accrued restructuring charges as of December 31, 2016 $ 1,618 Total year to date charges, net (shown above) 5,025 Charges paid / settled, net (4,525 ) Accrued restructuring charges as of July 2, 2017 $ 2,118 We expect to make payment or settle half of the restructuring charges accrued as of July 2, 2017 during the second half of 2017, with the remaining settled in 2018. Restructuring Charges / (Recoveries) As of and for the three months ended July 3, 2016 Energy Advanced Flow Solutions Corporate Total Facility related expenses (recoveries) $ (113 ) $ 2,068 $ — $ 1,955 Employee related expenses 638 666 — 1,304 Total restructuring charges, net $ 525 $ 2,734 $ — $ 3,259 Accrued restructuring charges as of April 3, 2016 $ 652 Total year to date charges, net (shown above) 3,259 Charges paid / settled, net (3,220 ) Accrued restructuring charges as of July 3, 2016 $ 691 Restructuring Charges / (Recoveries) As of and for the six months ended July 3, 2016 Energy Advanced Flow Solutions Corporate Total Facility related expenses (recoveries) $ (489 ) $ 3,468 $ — $ 2,979 Employee related expenses 736 707 — 1,443 Total restructuring charges, net $ 247 $ 4,175 $ — $ 4,422 Accrued restructuring charges as of December 31, 2015 $ 663 Total year to date charges, net (shown above) 4,422 Charges paid / settled, net (4,394 ) Accrued restructuring charges as of July 3, 2016 $ 691 Restructuring Programs Summary As specific restructuring programs are announced, the amounts associated with that particular action may be recorded in periods other than when announced to comply with the applicable accounting rules. For example, 2016 Action’s total cost may be recorded in 2016 and 2017. The amounts shown below reflect the total cost for that restructuring program. During 2017, we initiated certain restructuring activities, under which we continued to simplify our business ("2017 Actions"). Under these restructurings, we reduced expenses, primarily through reductions in force and closing a number of smaller facilities. 2017 Actions Restructuring Charges / (Recoveries), net as of July 2, 2017 Energy Advanced Flow Solutions Total Facility related expenses - incurred to date $ — $ 210 $ 210 Employee related expenses - incurred to date 463 1,554 2,017 Total restructuring related special charges - incurred to date $ 463 $ 1,764 $ 2,227 During 2016, we initiated certain restructuring activities, under which we continued to simplify our business ("2016 Actions"). Under these restructurings, we reduced expenses, primarily through reductions in force and closing a number of smaller facilities. 2016 Actions Restructuring Charges / (Recoveries), net as of July 2, 2017 Energy Advanced Flow Solutions Total Facility related expenses - incurred to date $ 2,701 $ 256 $ 2,957 Employee related expenses - incurred to date 2,970 1,347 4,317 Total restructuring related special charges - incurred to date $ 5,671 $ 1,603 $ 7,274 In July 2015, we announced the closure of one of the two Corona, California manufacturing facilities ("California Restructuring"). Under this restructuring, we are reducing certain general, manufacturing and facility related expenses. Charges with this action were finalized in the fourth quarter of 2016. California Restructuring Charges, net as of July 2, 2017 Advanced Flow Solutions Facility related expenses - incurred to date $ 3,700 Employee related expenses - incurred to date 800 Total restructuring related special charges - incurred to date $ 4,500 Additional Restructuring Charges During the first and second quarters of 2016, we recorded restructuring related inventory charges of $1.9 million and $0.1 million , respectively, associated with the closure of manufacturing operations and the exit of the gate, globe and check valves product line in Brazil. As of July 2, 2017, no inventory amounts remain on our balance sheet for the gate, globe and check valves product line. During the first quarter of 2016, in connection with the restructuring of certain structural landing gear product lines, we recorded inventory related charges of less than $ 0.1 million within the Advanced Flow Solutions segment. As of July 2, 2017, our remaining structural landing gear product line inventory balance is $0.4 million , which we believe is recoverable based upon our net realizable value analysis. The inventory restructuring charges described above are recorded in the cost of revenues caption on our condensed consolidated statement of income.

Subsequent Events

Subsequent Events	6 Months Ended
	Jul. 02, 2017
Subsequent Event [Line Items]
Subsequent Events [Text Block]	Subsequent Events On July 7, 2017 we divested our French non-core aerospace build-to-print business within our Advanced Flow Solutions segment as part of our simplification strategy. We considered this business as non-core because the products or services did not fit our strategy and the long-term profitable growth prospects were below our expectations. Divestiture of this non-core business enables us to focus resources on businesses where there is greater opportunity to achieve sales growth, higher margins, and market leadership. In connection with the sale, we recorded $5.3 million of special and restructuring charges related to this divestiture. As of July 2, 2017, the business was held-for-sale and reported within the other current assets and liabilities captions on our condensed consolidated balance sheet. We measured the held-for-sale disposal group, which was lower than its carrying value, and recorded a $3.8 million adjustment as a special charge.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jul. 02, 2017
Inventory, Net [Abstract]
Components Of Inventory	Inventories consist of the following (in thousands): July 2, 2017 December 31, 2016 Raw materials $ 63,001 $ 54,359 Work in process 78,348 68,718 Finished goods 20,401 26,507 Total inventories $ 161,750 $ 149,584

Business Acquisitions (Tables)

Business Acquisitions (Tables)	6 Months Ended
	Jul. 02, 2017
Schedule of Recognized Identifiable Assets Acquired and Liabilities Assumed [table text block] [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	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 $ 6,603 Accounts receivable 28,128 Unbilled receivable 10,786 Inventory 18,701 Prepaid and other current assets 4,380 Property, plant and equipment 21,214 Identifiable intangible assets 101,600 Accounts payable (11,655 ) Accrued and other expenses (8,644 ) Deferred revenue (3,997 ) Deferred income taxes (42,661 ) Total identifiable net assets $ 124,455 Goodwill 91,579 Total purchase price $ 216,034 The CFS acquisition resulted in the identification of the following identifiable intangible assets: Intangible assets acquired (in thousands) Weighted average amortization period (in years) Customer relationship $ 49,600 14 Existing technology 25,800 10 Trade name 24,100 Indefinite Aftermarket backlog 2,100 1 Total intangible assets $ 101,600

Goodwill And Intangible Assets

Goodwill And Intangible Assets (Tables)	6 Months Ended
	Jul. 02, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, By Segment	The following table shows goodwill by segment as of December 31, 2016 and July 2, 2017 (in thousands): Energy Advanced Flow Solutions Total Goodwill as of December 31, 2016 $ 144,405 $ 62,254 $ 206,659 Business acquisition, working capital adjustments (1,467 ) — (1,467 ) Currency translation adjustments 1,182 3,635 4,817 Goodwill as of July 2, 2017 $ 144,120 $ 65,889 $ 210,009
Gross Intangible Assets And Related Accumulated Amortization	The table below presents gross intangible assets and the related accumulated amortization as of July 2, 2017 (in thousands): Gross Carrying Amount Accumulated Amortization Patents $ 5,399 $ (5,399 ) Non-amortized intangibles (primarily trademarks and trade names) 39,148 — Customer relationships 102,663 (35,732 ) Order backlog 7,350 (7,036 ) Acquired technology 28,227 (3,194 ) Other 5,274 (4,643 ) Total $ 188,061 $ (56,004 ) Net carrying value of intangible assets $ 132,057
Estimated Remaining Amortization Expense For Intangible Assets	The table below presents estimated remaining amortization expense for intangible assets recorded as of July 2, 2017 (in thousands): Remainder of 2017 2018 2019 2020 2021 After 2021 Estimated amortization expense $ 6,391 $ 11,119 $ 10,941 $ 9,535 $ 8,046 $ 46,877

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jul. 02, 2017
Segment Reporting Information [Line Items]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The following table presents certain reportable segment information (in thousands): Three Months Ended Six Months Ended July 2, 2017 July 3, 2016 July 2, 2017 July 3, 2016 Net revenues Energy $ 82,586 $ 80,736 $ 162,721 $ 164,145 Advanced Flow Solutions 68,645 65,656 133,718 133,045 Consolidated net revenues 151,231 146,392 296,439 297,190 Segment Income Energy - Segment Operating Income 8,858 9,293 15,722 18,589 Advanced Flow Solutions - Segment Operating Income 8,587 8,064 16,297 16,516 Corporate expenses (5,396 ) (5,431 ) (10,874 ) (11,919 ) Subtotal 12,049 11,926 21,145 23,186 Restructuring charges, net 3,566 3,259 5,025 4,422 Special (recoveries) charges, net (5,520 ) 1,335 (7,788 ) 2,111 Special and restructuring (recoveries) charges, net (1,954 ) 4,594 (2,763 ) 6,533 Restructuring related inventory charges — 75 — 2,032 Acquisition amortization 2,599 1,910 5,150 — 3,779 Restructuring and other cost, net 2,599 1,985 5,150 5,811 Consolidated Operating Income 11,404 5,347 18,758 10,842 Interest Expense, net (a) 2,184 605 3,853 1,236 Other Expense (income), net (a) 974 (549 ) 1,200 (1,077 ) Income from continuing operations before income taxes $ 8,246 $ 5,291 $ 13,705 $ 10,683 Capital expenditures Energy $ 706 $ 633 $ 1,496 $ 1,555 Advanced Flow Solutions 1,646 2,670 2,604 4,892 Corporate 260 123 743 229 Consolidated capital expenditures $ 2,612 $ 3,426 $ 4,843 $ 6,676 Depreciation and amortization Energy $ 3,113 $ 1,508 $ 6,184 $ 3,034 Advanced Flow Solutions 3,211 3,941 6,682 7,882 Corporate 346 332 695 657 Consolidated depreciation and amortization $ 6,670 $ 5,781 $ 13,561 $ 11,573 Identifiable assets July 2, 2017 July 3, 2016 Energy $ 675,049 $ 456,153 Advanced Flow Solutions 415,447 432,302 Corporate (241,251 ) (230,980 ) Consolidated identifiable assets $ 849,245 $ 657,475

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Jul. 02, 2017
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share, Basic And Diluted	(in thousands, except per share amounts) Three Months Ended July 2, 2017 July 3, 2016 Net Income Shares Per Share Amount Net Income Shares Per Share Amount Basic EPS $ 8,970 16,497 $ 0.54 $ 3,813 16,424 $ 0.23 Dilutive securities, common stock options — 265 — — 171 — Diluted EPS $ 8,970 16,762 $ 0.54 $ 3,813 16,595 $ 0.23 Six Months Ended July 2, 2017 July 3, 2016 Net Income Shares Per Share Amount Net Income Shares Per Share Amount Basic EPS $ 13,742 16,478 $ 0.83 $ 7,685 16,403 $ 0.47 Dilutive securities, common stock options — 248 (0.01 ) — 135 (0.01 ) Diluted EPS $ 13,742 16,726 $ 0.82 $ 7,685 16,538 $ 0.46

Guarantees And Indemnificatio28

Guarantees And Indemnification Obligations (Tables)	6 Months Ended
	Jul. 02, 2017
Guarantees And Indemnification Obligations [Abstract]
Product Warranty Reserves	The following table sets forth information related to our product warranty reserves for the six months ended July 2, 2017 (in thousands): Balance beginning December 31, 2016 $ 4,559 Provisions 2,050 Claims settled (2,821 ) Currency translation adjustment 121 Balance ending July 2, 2017 $ 3,909 Warranty obligations decreased $0.7 million from $4.6 million as of December 31, 2016 to $3.9 million as of July 2, 2017 , primarily driven by claims settled within our Energy segment.

Contingencies And Commitments (

Contingencies And Commitments (Tables)	6 Months Ended
	Jul. 02, 2017
Commitments and Contingencies Disclosure [Abstract]
Standby Letters Of Credit Instruments	The following table contains information related to standby letters of credit instruments outstanding as of July 2, 2017 : Term Remaining Maximum Potential Future Payments 0–12 months $ 11,410 Greater than 12 months 28,680 Total $ 40,090

Defined Pension Benefit Plans (

Defined Pension Benefit Plans (Tables)	6 Months Ended
	Jul. 02, 2017
General Discussion of Pension and Other Postretirement Benefits [Abstract]
Components Of Net Pension Benefit Expense	The components of net periodic cost (benefit) of defined benefit pension plans are as follows (in thousands): Three Months Ended Six Months Ended July 2, 2017 July 3, 2016 July 2, 2017 July 3, 2016 Interest cost on benefits obligation $ 426 $ 574 $ 852 $ 1,147 Estimated return on assets (576 ) (664 ) (1,151 ) (1,327 ) Loss amortization 184 226 367 453 Net periodic cost of defined benefit pension plans $ 34 $ 136 $ 68 $ 273 Additionally, substantially all of our U.S. employees are eligible to participate in a 401(k) savings plan. Under this plan, we match a specified percentage of employee contributions, and are able to make a discretionary core contribution, subject to certain limitations.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jul. 02, 2017
Share-based Compensation [Abstract]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The average fair value of stock options granted during the first six months of 2017 and 2016 was $19.36 and $11.91 , respectively, and was estimated using the following weighted-average assumptions: July 2, 2017 July 3, 2016 Risk-free interest rate 1.7 % 1.2 % Expected life (years) 4.5 4.5 Expected stock volatility 35.1 % 36.2 % Expected dividend yield 0.3 % 0.4 %

Accumulated Other Comprehensi32

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jul. 02, 2017
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 shareholders' equity, for the six months ended July 2, 2017 (in thousands): Foreign Currency Translation Adjustments Pension, net Total Balance as of December 31, 2016 $ (62,703 ) $ (13,558 ) $ (76,262 ) Other comprehensive income, net of tax 18,581 — 18,581 Balance as of July 2, 2017 $ (44,122 ) $ (13,558 ) $ (57,680 )

Special Charges_Recoveries (Tab

Special Charges/Recoveries (Tables)	6 Months Ended
	Jul. 02, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Activities Disclosure [Text Block]	Special & Restructuring (Recoveries) Charges, net Special and Restructuring (Recoveries) Charges, net Special and restructuring charges, net consist of restructuring costs (including costs to exit a product line or program) as well as certain special charges such as significant litigation settlements and other transactions (charges or recoveries) that are described below. All items described below are recorded in Special and restructuring (recoveries) charges, net in our condensed consolidated statements of income. Certain other special and restructuring charges such as inventory related items may be recorded in cost of revenues given the nature of the item. The table below (in thousands) summarizes the amounts recorded within the special and restructuring (recoveries) charges, net line item on the condensed consolidated statements of income for the three and six months ended July 2, 2017 and July 3, 2016: Special & Restructuring (Recoveries) Charges, net For the three months ended For the six months ended July 2, 2017 July 3, 2016 July 2, 2017 July 3, 2016 Special (recoveries) charges, net $ (5,520 ) $ 1,335 (7,788 ) 2,111 Restructuring charges, net 3,566 3,259 5,025 4,422 Total special and restructuring (recoveries) charges, net $ (1,954 ) $ 4,594 $ (2,763 ) $ 6,533 Special (Recoveries) Charges, net The table below (in thousands) outlines the special (recoveries) charges, net recorded for the three and six months ended July 2, 2017: Special (Recoveries) Charges, net For the three months ended July 2, 2017 Energy Advanced Flow Solutions Corporate Total Divestiture $ — $ 3,748 $ 101 $ 3,849 Contingent consideration revaluation (9,700 ) — — (9,700 ) Acquisition related charges — — 136 136 Brazil closure 195 — — 195 Total special recoveries, net $ (9,505 ) $ 3,748 $ 237 $ (5,520 ) Special (Recoveries) Charges, net For the six months ended July 2, 2017 Energy Advanced Flow Solutions Corporate Total Divestiture $ — $ 3,748 $ 101 $ 3,849 Contingent consideration revaluation (12,200 ) — — (12,200 ) Acquisition related charges — — 136 136 Brazil closure 427 — — 427 Total special recoveries, net $ (11,773 ) $ 3,748 $ 237 $ (7,788 ) Divestiture: On July 7, 2017, we divested a non-core business as part of our simplification strategy. In connection with the sale, we recorded $5.3 million of special and restructuring charges. As of July 2, 2017, the business was held-for-sale and reported within the other current assets and liabilities captions on our condensed consolidated balance sheet. We measured the held-for-sale disposal group at its fair value less cost to sell, which was lower than its carrying value, and recorded a $3.8 million adjustment. Contingent Consideration Revaluation: The fair value of the CFS earn-out decreased $9.7 million and $12.2 million during the three and six months ended July 2, 2017, respectively. The change in fair value was recorded as a special gain during the three and six months ended July 2, 2017. Accordingly, the revised fair value assessment indicates an earn-out of zero as of July 2, 2017. Acquisition related charges: On October 12, 2016, we acquired CFS. In connection with our acquisition, we recorded $0.1 million of acquisition related professional fees during the three and six months ended July 2, 2017. Brazil Closure: On November 3, 2015, the Board of Directors approved the closure and exit of our Brazil manufacturing operations due to the economic realities in Brazil and the ongoing challenges with our only significant end customer, Petrobras. CIRCOR Brazil reported substantial operating losses every year since it was acquired in 2011 while the underlying market conditions and outlook deteriorated. In connection with the closure, we recorded $0.2 million and $0.4 million of charges within the Energy segment during the three and six months ended July 2, 2017, respectively, which relates to losses incurred subsequent to our Q1 2016 closure of manufacturing operations. As of July 2, 2017, our remaining Brazil assets were $1.6 million , of which $0.9 million relates to assets held-for-sale, $0.5 million relates to cash, and $0.2 million relates to net third party accounts receivables. The Brazil assets held-for-sale as of July 2, 2017 are reported within the other current assets caption on our condensed consolidated balance sheet. The table below (in thousands) outlines the special charges (recoveries), net recorded for the three and six months ended July 3, 2016: Special Charges (Recoveries), net For the three months ended July 3, 2016 Energy Advanced Flow Solutions Corporate Total Brazil Closure $ 1,383 $ — $ — $ 1,383 Acquisition related recoveries — (48 ) — (48 ) Total special charges (recoveries), net $ 1,383 $ (48 ) $ — $ 1,335 Special Charges (Recoveries), net For the six months ended July 3, 2016 Energy Advanced Flow Solutions Corporate Total Brazil Closure $ 2,270 $ — $ 2 $ 2,272 Acquisition related recoveries — (161 ) — (161 ) Total special charges (recoveries), net $ 2,270 $ (161 ) $ 2 $ 2,111 Brazil Closure: In connection with the closure, we recorded $1.4 million and $2.3 million of charges within the Energy segment during the three and six months ended July 3, 2016, respectively, which primarily related to employee termination costs and losses incurred subsequent to our Q1 2016 closure of manufacturing operations. Acquisition related charges: On April 15, 2015, we acquired Germany-based Schroedahl. In connection with our acquisition of Schroedahl, we recorded $0.1 million and $0.2 million of recoveries of acquisition related professional fees during the three months and six months ended July 3, 2016, respectively. Restructuring Charges, net The tables below (in thousands) outline the charges (or any recoveries) associated with restructuring actions recorded for the three and six months ended July 2, 2017 and July 3, 2016, respectively. A description of the restructuring actions is provided in the section titled "Restructuring Programs Summary" below. Restructuring Charges / (Recoveries) As of and for the three months ended July 2, 2017 Energy Advanced Flow Solutions Corporate Total Facility related expenses $ 1,144 $ 225 $ — $ 1,369 Employee related expenses 803 1,394 — 2,197 Total restructuring charges, net $ 1,947 $ 1,619 $ — $ 3,566 Accrued restructuring charges as of April 3, 2017 $ 1,418 Total year to date charges, net (shown above) 3,566 Charges paid / settled, net (2,866 ) Accrued restructuring charges as of July 2, 2017 $ 2,118 Restructuring Charges / (Recoveries) As of and for the six months ended July 2, 2017 Energy Advanced Flow Solutions Corporate Total Facility related expenses $ 1,994 $ 332 $ — $ 2,326 Employee related expenses 975 1,724 — 2,699 Total restructuring charges, net $ 2,969 $ 2,056 $ — $ 5,025 Accrued restructuring charges as of December 31, 2016 $ 1,618 Total year to date charges, net (shown above) 5,025 Charges paid / settled, net (4,525 ) Accrued restructuring charges as of July 2, 2017 $ 2,118 We expect to make payment or settle half of the restructuring charges accrued as of July 2, 2017 during the second half of 2017, with the remaining settled in 2018. Restructuring Charges / (Recoveries) As of and for the three months ended July 3, 2016 Energy Advanced Flow Solutions Corporate Total Facility related expenses (recoveries) $ (113 ) $ 2,068 $ — $ 1,955 Employee related expenses 638 666 — 1,304 Total restructuring charges, net $ 525 $ 2,734 $ — $ 3,259 Accrued restructuring charges as of April 3, 2016 $ 652 Total year to date charges, net (shown above) 3,259 Charges paid / settled, net (3,220 ) Accrued restructuring charges as of July 3, 2016 $ 691 Restructuring Charges / (Recoveries) As of and for the six months ended July 3, 2016 Energy Advanced Flow Solutions Corporate Total Facility related expenses (recoveries) $ (489 ) $ 3,468 $ — $ 2,979 Employee related expenses 736 707 — 1,443 Total restructuring charges, net $ 247 $ 4,175 $ — $ 4,422 Accrued restructuring charges as of December 31, 2015 $ 663 Total year to date charges, net (shown above) 4,422 Charges paid / settled, net (4,394 ) Accrued restructuring charges as of July 3, 2016 $ 691 Restructuring Programs Summary As specific restructuring programs are announced, the amounts associated with that particular action may be recorded in periods other than when announced to comply with the applicable accounting rules. For example, 2016 Action’s total cost may be recorded in 2016 and 2017. The amounts shown below reflect the total cost for that restructuring program. During 2017, we initiated certain restructuring activities, under which we continued to simplify our business ("2017 Actions"). Under these restructurings, we reduced expenses, primarily through reductions in force and closing a number of smaller facilities. 2017 Actions Restructuring Charges / (Recoveries), net as of July 2, 2017 Energy Advanced Flow Solutions Total Facility related expenses - incurred to date $ — $ 210 $ 210 Employee related expenses - incurred to date 463 1,554 2,017 Total restructuring related special charges - incurred to date $ 463 $ 1,764 $ 2,227 During 2016, we initiated certain restructuring activities, under which we continued to simplify our business ("2016 Actions"). Under these restructurings, we reduced expenses, primarily through reductions in force and closing a number of smaller facilities. 2016 Actions Restructuring Charges / (Recoveries), net as of July 2, 2017 Energy Advanced Flow Solutions Total Facility related expenses - incurred to date $ 2,701 $ 256 $ 2,957 Employee related expenses - incurred to date 2,970 1,347 4,317 Total restructuring related special charges - incurred to date $ 5,671 $ 1,603 $ 7,274 In July 2015, we announced the closure of one of the two Corona, California manufacturing facilities ("California Restructuring"). Under this restructuring, we are reducing certain general, manufacturing and facility related expenses. Charges with this action were finalized in the fourth quarter of 2016. California Restructuring Charges, net as of July 2, 2017 Advanced Flow Solutions Facility related expenses - incurred to date $ 3,700 Employee related expenses - incurred to date 800 Total restructuring related special charges - incurred to date $ 4,500 Additional Restructuring Charges During the first and second quarters of 2016, we recorded restructuring related inventory charges of $1.9 million and $0.1 million , respectively, associated with the closure of manufacturing operations and the exit of the gate, globe and check valves product line in Brazil. As of July 2, 2017, no inventory amounts remain on our balance sheet for the gate, globe and check valves product line. During the first quarter of 2016, in connection with the restructuring of certain structural landing gear product lines, we recorded inventory related charges of less than $ 0.1 million within the Advanced Flow Solutions segment. As of July 2, 2017, our remaining structural landing gear product line inventory balance is $0.4 million , which we believe is recoverable based upon our net realizable value analysis. The inventory restructuring charges described above are recorded in the cost of revenues caption on our condensed consolidated statement of income.

Inventories (Components Of Inve

Inventories (Components Of Inventory) (Details) - USD ($) $ in Thousands	Jul. 02, 2017	Dec. 31, 2016
Inventory, Net [Abstract]
Raw materials	$ 63,001	$ 54,359
Work in process	78,348	68,718
Finished goods	20,401	26,507
Inventories	$ 161,750	$ 149,584

Business Acquisitions - Schedul

Business Acquisitions - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jul. 02, 2017	Dec. 31, 2016	Oct. 12, 2016
Business Acquisition [Line Items]
Goodwill	$ 210,009	$ 206,659
Downstream [Member]
Business Acquisition [Line Items]
Cash and cash equivalents			$ 6,603
Accounts receivable			28,128
Unbilled receivable			10,786
Inventory			18,701
Prepaid and other current assets			4,380
Property, plant and equipment			21,214
Intangible assets			101,600
Accounts payable			(11,655)
Accrued and other expenses			(8,644)
Deferred revenue			(3,997)
Deferred income taxes			(42,661)
Total identifiable net assets			124,455
Goodwill			91,579
Total purchase price			$ 216,034

Business Acquisitions - Sched36

Business Acquisitions - Schedule of Intangible Assets Acquired (Details) - USD ($) $ in Thousands	Oct. 12, 2016	Jul. 02, 2017	Dec. 31, 2016
Schedule of Finite and Indefinite-Lived Intangibles Acquired as Part of Business Combination [Line Items]
Goodwill		$ 210,009	$ 206,659
Downstream [Member]
Schedule of Finite and Indefinite-Lived Intangibles Acquired as Part of Business Combination [Line Items]
Goodwill	$ 91,579
Downstream [Member] | Customer relationships [Member]
Schedule of Finite and Indefinite-Lived Intangibles Acquired as Part of Business Combination [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	49,600
Downstream [Member] | Order backlog [Member]
Schedule of Finite and Indefinite-Lived Intangibles Acquired as Part of Business Combination [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	2,100
Downstream [Member] | Acquired technology [Member]
Schedule of Finite and Indefinite-Lived Intangibles Acquired as Part of Business Combination [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 25,800
Schroedahl [Member] | Customer relationships [Member]
Schedule of Finite and Indefinite-Lived Intangibles Acquired as Part of Business Combination [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	14 years
Schroedahl [Member] | Acquired technology [Member]
Schedule of Finite and Indefinite-Lived Intangibles Acquired as Part of Business Combination [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years
Schroedahl [Member] | Order backlog [Member]
Schedule of Finite and Indefinite-Lived Intangibles Acquired as Part of Business Combination [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	1 year
Trade name [Member] | Downstream [Member]
Schedule of Finite and Indefinite-Lived Intangibles Acquired as Part of Business Combination [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets	$ 24,100

Business Acquisitions Business

Business Acquisitions Business Acquisitions - Narrative (Details) - USD ($)	Oct. 13, 2016	Oct. 12, 2016	Jul. 02, 2017	Jul. 03, 2016	Jul. 02, 2017	Jul. 03, 2016	Dec. 31, 2016
Business Acquisition [Line Items]
Net income			$ 8,970,000	$ 3,813,000	$ 13,742,000	$ 7,685,000
Goodwill, Purchase Accounting Adjustments					1.5
Net revenues			151,231,000	146,392,000	296,439,000	297,190,000
Operating Income (Loss)			11,404,000	5,347,000	18,758,000	10,842,000
Downstream [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross		$ 195,000,000
Business acquisition, net of cash acquired	$ 198,000,000
Business Combination, Contingent Consideration, Liability		15,000,000
Purchase price		216,034,000
Fair value of accounts receivables acquired		28,100,000
Contingent Consideration Classified as Equity, Fair Value Disclosure			0		0		$ 12,200,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Instruments Classified in Shareholders' Equity, Period Increase (Decrease)			9,700,000		12,200,000
Net revenues			20,300,000		42,700,000
Operating Income (Loss)			$ 13,300,000		$ 14,800,000
Schroedahl [Member]
Business Acquisition [Line Items]
Acquisition-related costs				$ 100,000		$ 200,000
Earn-Out Minimum Target [Member] | Downstream [Member]
Business Acquisition [Line Items]
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High		15,000,000
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, Low		7,500,000
Business Combination, Contingent Consideration, Liability		$ 0

Goodwill And Intangible Asset38

Goodwill And Intangible Assets (Goodwill, By Segment) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jul. 03, 2016	Jul. 02, 2017	Jul. 03, 2016
Goodwill [Roll Forward]
Goodwill as of December 31, 2016		$ 206,659
Business acquisition, working capital adjustments		(1,467)
Currency translation adjustments		4,817
Goodwill as of July 2, 2017		210,009
Energy [Member]
Goodwill [Roll Forward]
Goodwill as of December 31, 2016		144,405
Business acquisition, working capital adjustments		(1,467)
Currency translation adjustments		1,182
Goodwill as of July 2, 2017		144,120
Aerospace [Member]
Goodwill [Roll Forward]
Goodwill as of December 31, 2016		62,254
Business acquisition, working capital adjustments		0
Currency translation adjustments		3,635
Goodwill as of July 2, 2017		$ 65,889
Schroedahl [Member]
Goodwill [Line Items]
Acquisition-related costs	$ 100		$ 200

Goodwill And Intangible Asset39

Goodwill And Intangible Assets (Gross Intangible Assets And Related Accumulated Amortization) (Details) - USD ($) $ in Thousands	Jul. 02, 2017	Dec. 31, 2016
Intangible Assets [Line Items]
Gross Carrying Amount	$ 188,061
Accumulated Amortization	(56,004)
Net carrying value of intangible assets	132,057	$ 135,778
Patents [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	5,399
Accumulated Amortization	(5,399)
Non-amortized intangibles (primarily trademarks and trade names) [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	39,148
Accumulated Amortization	0
Customer relationships [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	102,663
Accumulated Amortization	(35,732)
Backlog [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	7,350
Accumulated Amortization	(7,036)
Acquired Technology [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	28,227
Accumulated Amortization	(3,194)
Other [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	5,274
Accumulated Amortization	$ (4,643)

Goodwill And Intangible Asset40

Goodwill And Intangible Assets (Estimated Remaining Amortization Expense For Intangible Assets) (Details) $ in Thousands	Jul. 02, 2017USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2,017	$ 6,391
2,018	11,119
2,019	10,941
2,020	9,535
2,021	8,046
After 2,021	$ 46,877

Segment Information (Reportable

Segment Information (Reportable Segment Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2017	Jul. 03, 2016	Jul. 02, 2017	Jul. 03, 2016	Dec. 31, 2016	Apr. 03, 2016
Segment Reporting Information [Line Items]
Restructuring Costs and Asset Impairment Charges	$ 2,599	$ 1,985	$ 5,150	$ 5,811
Net revenues	151,231	146,392	296,439	297,190
Operating income (loss)	11,404	5,347	18,758	10,842
Other Operating Income	12,049	11,926	21,145	23,186
Other Nonrecurring (Income) Expense	(5,520)	1,335	(7,788)	2,111
Restructuring Charges	3,566	3,259	5,025	4,422
Interest expense	2,184	605	3,853	1,236
Other income, net	974	(549)	1,200	(1,077)
INCOME BEFORE INCOME TAXES	8,246	5,291	13,705	10,683
Identifiable assets	849,245	657,475	849,245	657,475	$ 820,756
Capital expenditures			5,504	6,998
Depreciation, Depletion and Amortization	6,670	5,781	13,561	11,573
Corporate Identifiable Assets After Elimination Of Intercompany Assets [Member]
Segment Reporting Information [Line Items]
Identifiable assets	53,800		53,800			$ 48,700
Energy [Member]
Segment Reporting Information [Line Items]
Net revenues	82,586	80,736	162,721	164,145
Operating income (loss)	8,858	9,293	15,722	18,589
Other Nonrecurring (Income) Expense	(9,505)	1,383	(11,773)	2,270
Restructuring Charges	1,947	525	2,969	247
Identifiable assets	675,049	456,153	675,049	456,153
Capital expenditures	706	633	1,496	1,555
Depreciation, Depletion and Amortization	3,113	1,508	6,184	3,034
Aerospace [Member]
Segment Reporting Information [Line Items]
Net revenues	68,645	65,656	133,718	133,045
Operating income (loss)	8,587	8,064	16,297	16,516
Identifiable assets	415,447	432,302	415,447	432,302
Capital expenditures	1,646	2,670	2,604	4,892
Depreciation, Depletion and Amortization	3,211	3,941	6,682	7,882
Corporate/Eliminations [Member]
Segment Reporting Information [Line Items]
Operating income (loss)	(5,396)	(5,431)	(10,874)	(11,919)
Identifiable assets	(241,251)	(230,980)	(241,251)	(230,980)
Capital expenditures	260	123	743	229
Depreciation, Depletion and Amortization	346	332	695	657
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Special Restructuring Charges	3,566	3,259	5,025	4,422
Special Other Charges	(5,520)	1,335	(7,788)	2,111
Other Nonrecurring (Income) Expense	(1,954)	4,594	(2,763)	6,533
Restructuring Charges	0	75	0	2,032
Special Acquisition Amortization	2,599	1,910	5,150	3,779
Restatement Adjustment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Capital expenditures	$ 2,612	$ 3,426	$ 4,843	$ 6,676

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2017	Jul. 03, 2016	Jul. 02, 2017	Jul. 03, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income	$ 8,970	$ 3,813	$ 13,742	$ 7,685
Basic Earnings Per Common Share (EPS), Shares	16,497,000	16,424,000	16,478,000	16,403,000
Basic EPS, Per Share Amount	$ 0.54	$ 0.23	$ 0.83	$ 0.47
Dilutive securities, common stock options, Shares	265,000	171,000	248,000	135,000
Dilutive securities, common stock options, Per Share Amount	$ 0	$ 0	$ 0.01	$ 0
Diluted EPS, Shares	16,762,000	16,595,000	16,726,000	16,538,000
Diluted EPS, Per Share Amount	$ 0.54	$ 0.23	$ 0.82	$ 0.46
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options and RSUs, shares			173,840
RSU Awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options and RSUs, shares				136,041

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) $ in Thousands	May 11, 2017USD ($)	Jul. 02, 2017USD ($)Forward_Contracts	Dec. 31, 2016USD ($)Forward_Contracts
Derivative [Line Items]
Letters of Credit Outstanding, Amount		$ 40,090
Number of Foreign Currency Derivatives Held | Forward_Contracts		0	4
Forward Contracts [Member]
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability			$ 100
Downstream [Member]
Derivative [Line Items]
Contingent Consideration Classified as Equity, Fair Value Disclosure		$ 0	$ 12,200
New Credit Agreement [Member]
Derivative [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 400,000
Long-term Debt	$ 100,000	$ 252,900
Debt Instrument, Periodic Payment, Percentage of Principal	1.125%
Debt Instrument, Annual Principal Payment	$ 5,000
Debt Instrument, Periodic Payment, Principal	1,300
Prior Credit Agreement [Member]
Derivative [Line Items]
Extinguishment of Debt, Amount	$ 254,000

Guarantees And Indemnificatio44

Guarantees And Indemnification Obligations (Product Warranty Reserves) (Details) $ in Thousands	6 Months Ended
	Jul. 02, 2017USD ($)
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Balance beginning December 31, 2012	$ 4,559
Provisions	2,050
Claims settled	(2,821)
Currency translation adjustments	121
Balance ending June 30, 2013	3,909
Liability for indemnification agreements	0
Increase in warranty obligations	$ (700)

Contingencies And Commitments45

Contingencies And Commitments (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended	18 Months Ended
	Jul. 02, 2017	Dec. 31, 2016	Jul. 02, 2017
Contingencies, Commitments And Guarantees [Line Items]
Environmental remediation costs	$ 1,400	$ 300	$ 1,700
Aggregate notional value standby letters of credit	$ 40,090		$ 40,090
Minimum [Member]
Contingencies, Commitments And Guarantees [Line Items]
Expiration period, minimum in months and maximum in years	1 month
Maximum [Member]
Contingencies, Commitments And Guarantees [Line Items]
Expiration period, minimum in months and maximum in years	5 years

Contingencies And Commitments46

Contingencies And Commitments (Standby Letters Of Credit Instruments) (Details) $ in Thousands	Jul. 02, 2017USD ($)
Contingencies, Commitments And Guarantees [Line Items]
Letters of Credit Outstanding, Amount	$ 40,090
0-12 months [Member]
Contingencies, Commitments And Guarantees [Line Items]
Letters of Credit Outstanding, Amount	11,410
Greater than 12 months [Member]
Contingencies, Commitments And Guarantees [Line Items]
Letters of Credit Outstanding, Amount	$ 28,680

Defined Pension Benefit Plans47

Defined Pension Benefit Plans (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended	12 Months Ended
	Jul. 02, 2017	Jul. 02, 2017	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Cash contributions to defined benefit pension plan		$ 0.8
Qualified Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Cash contributions to defined benefit pension plan	$ 0.4
Minimum [Member] | Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Cash contributions to defined benefit pension plan			$ 0.4
Maximum [Member] | Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Cash contributions to defined benefit pension plan			$ 0.8

Defined Pension Benefit Plans48

Defined Pension Benefit Plans (Components Of Net Pension Benefit Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2017	Jul. 03, 2016	Jul. 02, 2017	Jul. 03, 2016
General Discussion of Pension and Other Postretirement Benefits [Abstract]
Interest cost on benefits obligation	$ 426	$ 574	$ 852	$ 1,147
Estimated return on assets	(576)	(664)	(1,151)	(1,327)
Loss amortization	184	226	367	453
Net periodic cost of defined benefit plans	$ 34	$ 136	$ 68	$ 273

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	Jul. 02, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Unrecognized tax benefits that would impact effective tax rate	$ 2.8	$ 3
Unrecognized tax benefits that would affect the effective tax rate if recognized	2.7	2.9
Deferred tax assets, valuation allowance	$ 2.7	$ 3

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jul. 03, 2016shares	Jul. 02, 2017USD ($)$ / sharesshares	Jul. 03, 2016USD ($)$ / sharesshares	Dec. 31, 2016USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSU outstanding | shares		229,467
Shares available for grant | shares		767,385
Compensation expense (benefit)		$ 1.4	$ 2.9
Unrecognized compensation costs		$ 9.1
Weighted average period of recognition of compensation expense (in years)		2 years 1 month 24 days
Weighted average contractual term for stock options outstanding, years		5 years 9 months 20 days
Weighted average contractual term for stock options exercisable, years		5 years 1 month 14 days
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		$ 19.36	$ 11.91
Stock options outstanding | shares		852,441
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value		$ 0.4
Aggregate intrinsic value of stock options outstanding		8.3
Aggregate intrinsic value of stock options exercisable		$ 4.7
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted | shares		55,445	85,901
Granted RSU awards fair value | $ / shares		$ 61.05	$ 39.23
Aggregate intrinsic value of RSU Awards / RSU MSPs		$ 1.6
Aggregate intrinsic value of RSU Awards outstanding		9.3
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value		$ 0.2
Restricted Stock Units (RSUs) [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
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	43,016	31,369
Restricted Stock Units Management Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted | shares		26,726	20,130
Restricted stock units discount amount | $ / shares		20.13	12.83
Aggregate intrinsic value of RSU Awards / RSU MSPs		$ 0.3
Aggregate intrinsic value of RSU Awards outstanding		1.8
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested And Deferred Aggregate Intrinsic Value		$ 0
Cash Settled Stock Unit Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSU outstanding | shares		29,848		33,320
Cash used to settle awards		$ 0.3
Accrued expenses and current liabilities for Cash Settled Stock Unit Awards		0.9		$ 1
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 (benefit)		0.1	$ 0.5
February 2015 [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense (benefit)		$ (1.1)

Share-Based Compensation (Sched

Share-Based Compensation (Schedule Of Estimated Weighted-Average Assumptions Of Stock Options) (Details)	6 Months Ended
	Jul. 02, 2017	Jul. 03, 2016
Share-based Compensation [Abstract]
Risk-free interest rate	1.70%	1.20%
Expected life	4 years 6 months	4 years 6 months
Expected stock volatility	35.10%	36.20%
Expected dividend yield	0.30%	0.40%

Share-Based Compensation CEO In

Share-Based Compensation CEO Inducement Stock Award (Details) - Stock Options [Member] - $ / shares	6 Months Ended
	Jul. 02, 2017	Jul. 03, 2016
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Stock options granted (in shares)	142,428	210,633
Grant Date Fair Value (in usd per share)	$ 19.36	$ 11.91

Accumulated Other Comprehensi53

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jul. 03, 2016	Jul. 02, 2017	Jul. 03, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	$ (7,121)	$ 18,581	$ 1,173
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of December 31, 2016		(76,262)
Balance as of July 2, 2017		(57,680)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax		13,185
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of December 31, 2016		(62,703)
Balance as of July 2, 2017		(44,122)
Pension, net
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of December 31, 2016		(13,558)
Other comprehensive income, net of tax		0
Balance as of July 2, 2017		$ (13,558)

Special Charges_Recoveries (Det

Special Charges/Recoveries (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2017	Jul. 03, 2016	Jul. 02, 2017	Jul. 03, 2016
Restructuring Reserve [Roll Forward]
Restructuring Reserve Beginning of Period	$ 1,418	$ 652	$ 1,618	$ 663
Restructuring Charges	3,566	3,259	5,025	4,422
Other Nonrecurring (Income) Expense	(5,520)	1,335	(7,788)	2,111
Special charges paid	(2,866)	(3,220)	(4,525)	(4,394)
Restructuring Reserve End of Period	2,118	691	2,118	691
Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down	195	1,383	427	2,272
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	2,197	1,304	2,699	1,443
Acquisitions [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	136	(48)	136	(161)
Energy [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	1,947	525	2,969	247
Other Nonrecurring (Income) Expense	(9,505)	1,383	(11,773)	2,270
Energy [Member] | Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges		(113)		(489)
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down	195	1,383	427	2,270
Energy [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	803	638	975	736
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down		1,400		2,300
Energy [Member] | Acquisitions [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges		0		0
Aerospace [Member] | Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges		2,068		3,468
Aerospace [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges		666		707
Aerospace [Member] | Acquisitions [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges		(48)		(161)
Corporate [Member]
Restructuring Reserve [Roll Forward]
Other Nonrecurring (Income) Expense	237	0	237	2
Corporate [Member] | Facility Closing [Member]
Restructuring Reserve [Roll Forward]
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down				2
Corporate [Member] | Acquisitions [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	$ 136	$ 0	$ 136	$ 0

Special Charges_Recoveries Char

Special Charges/Recoveries Charges Incurred to Date (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 02, 2017	Jul. 03, 2016	Jul. 02, 2017	Jul. 03, 2016	Apr. 02, 2017	Dec. 31, 2016	Apr. 03, 2016	Dec. 31, 2015
Restructuring Cost and Reserve [Line Items]
Recoveries of Restructuring Charges				$ 2,979
Restructuring Charges	$ 3,566	$ 3,259	$ 5,025	4,422
Contingent consideration revaluation	(9,700)		(12,200)
Special Charges, Net	3,566	3,259	5,025	4,422
Other Nonrecurring (Income) Expense	(5,520)	1,335	(7,788)	2,111
Restructuring and Related Cost, Incurred Cost	(1,954)	4,594	(2,763)	6,533
Restructuring Reserve	2,118	691	2,118	691	$ 1,418	$ 1,618	$ 652	$ 663
Payments for Restructuring	(2,866)	(3,220)	(4,525)	(4,394)
Two Thousands Sixteen Actions Restructuring Charges [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(7,274)		(7,274)
Two Thousands Seventeen Actions Restructuring Charges [Member] [Domain]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(2,227)		(2,227)
Divestiture [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	3,849		3,849
Acquisitions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	136	(48)	136	(161)
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	2,197	1,304	2,699	1,443
Employee Severance [Member] | Two Thousands Sixteen Actions Restructuring Charges [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(4,317)		(4,317)
Employee Severance [Member] | Two Thousands Seventeen Actions Restructuring Charges [Member] [Domain]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(2,017)		(2,017)
Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Recoveries of Restructuring Charges	1,369	1,955	2,326
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down	195	1,383	427	2,272
Facility Closing [Member] | Two Thousands Sixteen Actions Restructuring Charges [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(2,957)		(2,957)
Facility Closing [Member] | Two Thousands Seventeen Actions Restructuring Charges [Member] [Domain]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(210)		(210)
Energy [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	1,947	525	2,969	247
Contingent consideration revaluation	(9,700)		(12,200)
Other Nonrecurring (Income) Expense	(9,505)	1,383	(11,773)	2,270
Energy [Member] | Two Thousands Sixteen Actions Restructuring Charges [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(5,671)		(5,671)
Energy [Member] | Two Thousands Seventeen Actions Restructuring Charges [Member] [Domain]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(463)		(463)
Energy [Member] | Acquisitions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		0		0
Energy [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down		1,400		2,300
Restructuring Charges	803	638	975	736
Energy [Member] | Employee Severance [Member] | Two Thousands Sixteen Actions Restructuring Charges [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(2,970)		(2,970)
Energy [Member] | Employee Severance [Member] | Two Thousands Seventeen Actions Restructuring Charges [Member] [Domain]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(463)		(463)
Energy [Member] | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Recoveries of Restructuring Charges	1,144		1,994
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down	195	1,383	427	2,270
Restructuring Charges		(113)		(489)
Energy [Member] | Facility Closing [Member] | Two Thousands Sixteen Actions Restructuring Charges [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(2,701)		(2,701)
Energy [Member] | Facility Closing [Member] | Two Thousands Seventeen Actions Restructuring Charges [Member] [Domain]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	0		0
Aerospace [Member] | Acquisitions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		(48)		(161)
Aerospace [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		666		707
Aerospace [Member] | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		2,068		3,468
Aerospace & Defense [Member] | Divestiture [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	3,748		3,748
Corporate [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense	237	0	237	2
Corporate [Member] | Divestiture [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	101		101
Corporate [Member] | Acquisitions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	136	0	136	0
Corporate [Member] | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down				2
Advanced Flow Solutions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	1,619	2,734	2,056	4,175
Other Nonrecurring (Income) Expense	3,748	$ (48)	3,748	$ (161)
Advanced Flow Solutions [Member] | Two Thousands Sixteen Actions Restructuring Charges [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(1,603)		(1,603)
Advanced Flow Solutions [Member] | Two Thousands Seventeen Actions Restructuring Charges [Member] [Domain]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(1,764)		(1,764)
Advanced Flow Solutions [Member] | California Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(4,500)		(4,500)
Advanced Flow Solutions [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	1,394		1,724
Advanced Flow Solutions [Member] | Employee Severance [Member] | Two Thousands Sixteen Actions Restructuring Charges [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(1,347)		(1,347)
Advanced Flow Solutions [Member] | Employee Severance [Member] | Two Thousands Seventeen Actions Restructuring Charges [Member] [Domain]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(1,554)		(1,554)
Advanced Flow Solutions [Member] | Employee Severance [Member] | California Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(800)		(800)
Advanced Flow Solutions [Member] | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Recoveries of Restructuring Charges	225		332
Advanced Flow Solutions [Member] | Facility Closing [Member] | Two Thousands Sixteen Actions Restructuring Charges [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(256)		(256)
Advanced Flow Solutions [Member] | Facility Closing [Member] | Two Thousands Seventeen Actions Restructuring Charges [Member] [Domain]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(210)		(210)
Advanced Flow Solutions [Member] | Facility Closing [Member] | California Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	$ (3,700)		$ (3,700)

Special Charges Narrative (Deta

Special Charges Narrative (Details) - USD ($) $ in Thousands	Jul. 07, 2017	Jul. 02, 2017	Jul. 03, 2016	Jul. 02, 2017	Jul. 03, 2016	Dec. 31, 2016	Apr. 03, 2016
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Inventories		$ 161,750		$ 161,750		$ 149,584
Restructuring Charges		3,566	$ 3,259	5,025	$ 4,422
Special and restructuring (recoveries) charges, net		(5,520)	1,335	(7,788)	2,111
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability		(9,700)		(12,200)
Energy [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges		1,947	525	2,969	247
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Instruments Classified in Shareholders' Equity, Transfers out of Level 3				12,200
Special and restructuring (recoveries) charges, net		(9,505)	1,383	(11,773)	2,270
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability		(9,700)		(12,200)
Advanced Flow Solutions [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges		1,619	2,734	2,056	4,175
Special and restructuring (recoveries) charges, net		3,748	(48)	3,748	(161)
Corporate Segment [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net		237	0	237	2
Inventory Related Charges [Member] | Advanced Flow Solutions [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Inventories		400		400			$ 100
Inventory Related Charges [Member] | Brazil Closure [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges			1,900	100
Employee Severance [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges		2,197	1,304	2,699	1,443
Employee Severance [Member] | Energy [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges		803	638	975	736
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down			1,400		2,300
Employee Severance [Member] | Aerospace [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges			666		707
Employee Severance [Member] | Advanced Flow Solutions [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges		1,394		1,724
Divestiture [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges		3,849		3,849
Divestiture [Member] | Aerospace & Defense [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges		3,748		3,748
Divestiture [Member] | Corporate Segment [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges		101		101
Acquisitions [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges		136	(48)	136	(161)
Acquisitions [Member] | Energy [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			(48)		(161)
Acquisitions [Member] | Corporate Segment [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges		136	0	136	0
Facility Closing [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down		195	1,383	427	2,272
Facility Closing [Member] | Energy [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges			(113)		(489)
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down		195	1,383	427	2,270
Facility Closing [Member] | Aerospace [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges			2,068		3,468
Facility Closing [Member] | Corporate Segment [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down					2
Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down				3,800
Brazil Manufacturing Operations [Member] | Disposal Group, Disposed of by Means Other than Sale, Not Discontinued Operations, Abandonment [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Disposal Group, Including Discontinued Operation, Assets		1,600		1,600
Disposal Group, Including Discontinued Operation, Assets Held-For-Sale		900		900
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net		200		200
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents		500		500
Schroedahl [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Business Combination, Acquisition Related Costs			$ 100		$ 200
Downstream [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Instruments Classified in Shareholders' Equity, Period Increase (Decrease)		9,700		12,200
Contingent Consideration Classified as Equity, Fair Value Disclosure		$ 0		$ 0		$ 12,200
Subsequent Event [Member] | Divestiture [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges	$ 5,274

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Jul. 07, 2017	Oct. 13, 2016	Jul. 02, 2017	Jul. 03, 2016	Jul. 02, 2017	Jul. 03, 2016	Oct. 12, 2016
Subsequent Event [Line Items]
Restructuring Charges			$ 3,566,000	$ 3,259,000	$ 5,025,000	$ 4,422,000
Downstream [Member]
Subsequent Event [Line Items]
Additional consideration payable (up to)							$ 15,000,000
Business acquisition, net of cash acquired		$ 198,000,000
Divestiture [Member]
Subsequent Event [Line Items]
Restructuring Charges			$ 3,849,000		3,849,000
Divestiture [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Restructuring Charges	$ 5,274,000
Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Subsequent Event [Line Items]
Disposal group adjustment					$ 3,800,000