Circor International (CIR) 10-Q 14 May 19 2019 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 02, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	CIRCOR INTERNATIONAL INC
Entity Central Index Key	0001091883
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		19,898,153

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
CURRENT ASSETS:
Cash and cash equivalents	$ 73,619	$ 68,517
Trade accounts receivable, less allowance for doubtful accounts of $5,048 and $6,735 at March 31, 2019 and December 31, 2018, respectively		183,552
Inventories	217,991	217,378
Prepaid expenses and other current assets	89,904	90,659
Assets held for sale	4,623	87,940
Total Current Assets	574,637	648,046
PROPERTY, PLANT AND EQUIPMENT, NET	198,148	201,799
OTHER ASSETS:
Goodwill	460,995	459,205
Intangibles, net	422,302	441,302
Deferred income taxes	25,632	28,462
Other assets	37,620	12,798
TOTAL ASSETS	1,719,334	1,791,612
CURRENT LIABILITIES:
Accounts payable	122,277	123,881
Accrued expenses and other current liabilities	99,591	107,312
Accrued compensation and benefits	27,251	33,878
Current portion of long-term debt	0	7,850
Liabilities held for sale		11,141
Total Current Liabilities	249,119	284,062
LONG-TERM DEBT	733,666	778,187
DEFERRED INCOME TAXES	33,780	33,932
Liability, Pension and Other Postretirement and Postemployment Benefits, Noncurrent	148,297	150,623
OTHER NON-CURRENT LIABILITIES	38,295	15,815
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; 19,875,993 and 19,845,205 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively	212	212
Additional paid-in capital	442,568	440,890
Retained earnings	228,582	232,102
Common treasury stock, at cost (1,372,488 shares at March 31, 2019 and December 31, 2018)	(74,472)	(74,472)
Accumulated other comprehensive loss, net of tax	(80,713)	(69,739)
Total Shareholders’ Equity	516,177	528,993
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 1,719,334	$ 1,791,612

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Trade accounts receivable, allowance for doubtful accounts	$ 5,048	$ 6,735
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	19,875,993	19,845,205
Common Stock, Shares, Outstanding	19,875,993	19,845,205

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Apr. 01, 2018
Net revenues	$ 270,395	$ 275,580
Cost of revenues	196,526	199,276
GROSS PROFIT	73,869	76,304
Selling, general and administrative expenses	69,973	77,238
Restructuring and Related Cost, Incurred Cost	(7,816)	12,446
OPERATING INCOME (LOSS)	11,712	(13,380)
Other expense (income):
Interest expense, net	13,179	11,801
Other income, net	(1,913)	(1,861)
TOTAL OTHER EXPENSE, NET	11,266	9,940
INCOME (LOSS) BEFORE INCOME TAXES	446	(23,320)
Provision for (benefit from) income taxes	5,079	(5,879)
NET LOSS	$ (4,633)	$ (17,441)
Loss per common share:
Basic	$ (0.23)	$ (0.88)
Diluted	$ (0.23)	$ (0.88)
Weighted average number of common shares outstanding:
Basic	19,870	19,806
Diluted	19,870	19,806

Statements Of Consolidated Comp

Statements Of Consolidated Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Apr. 01, 2018
Statement of Comprehensive Income [Abstract]
Net loss	$ (4,633)	$ (17,441)
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(8,840)	8,341
Interest rate swap adjustments (1)	(2,134)	0
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(10,974)	8,341
COMPREHENSIVE INCOME (LOSS)	$ (15,607)	$ (9,100)

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Apr. 01, 2018
Gain (Loss) on Disposition of Business	$ 10,282	$ 0
OPERATING ACTIVITIES
Net loss	(4,633)	(17,441)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	5,944	7,334
Amortization	12,836	12,329
Bad debt expense	109	261
Loss on write down of inventory	3,368	963
Amortization of inventory step-up	0	6,600
Compensation expense for share-based plans	1,432	1,365
Amortization of debt issuance costs	1,010	881
Loss on sale or write-down of property, plant and equipment	(96)	1,284
Changes in operating assets and liabilities, net of effects of acquisition and disposition:
Trade accounts receivable	(8,635)	22,038
Inventories	(3,452)	(14,850)
Prepaid expenses and other assets	2,881	(11,648)
Accounts payable, accrued expenses and other liabilities	(23,052)	(9,261)
Net cash provided by operating activities	(22,378)	(145)
INVESTING ACTIVITIES
Additions to property, plant and equipment	(3,717)	(8,234)
Proceeds from the sale of property, plant and equipment	28	93
Net cash provided by (used in) investing activities	79,632	(8,141)
FINANCING ACTIVITIES
Proceeds from long-term debt	87,400	71,950
Payments of long-term debt	(140,500)	(44,106)
Proceeds from the exercise of stock options	0	301
Return of cash to Fluid Handling Seller	0	(7,905)
Net cash (used in) provided by financing activities	(53,100)	20,240
Effect of exchange rate changes on cash, cash equivalents and restricted cash	957	956
(DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	5,111	12,910
Cash, cash equivalents, and restricted cash at beginning of period	69,525	112,293
Cash, cash equivalents, and restricted cash at end of period	74,636	125,203
Non-cash investing activities:
Purchases of property and equipment included in accounts payable and accrued expenses	1,018	2,104
Proceeds from Divestiture of Businesses	$ 83,321	$ 0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Shareholder's Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Treasury Stock
BALANCE, Shares at December 31, 2018 at Dec. 31, 2017		19,785,000
BALANCE at December 31, 2018 at Dec. 31, 2017	$ 601,974	$ 212	$ 438,721	$ 274,243	$ (36,730)	$ (74,472)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(17,441)			(17,441)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	8,341
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		8,000
Stock Issued During Period, Value, Stock Options Exercised	301	$ 0	301
Conversion of restricted stock units (shares)		37,000
Conversion of restricted stock units	312		312
Share-based plan compensation	1,365		1,365
BALANCE, Shares at March 31, 2019 at Apr. 01, 2018		19,830,000
BALANCE at March 31, 2019 at Apr. 01, 2018	$ 592,096	$ 212	440,699	254,046	(28,389)	(74,472)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative translation adjustment				(2,756)	8,341
BALANCE, Shares at December 31, 2018 at Dec. 31, 2018	19,845,205	19,845,000
BALANCE at December 31, 2018 at Dec. 31, 2018	$ 528,993	$ 212	440,890	232,102	(69,739)	(74,472)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(4,633)			(4,633)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(10,974)				(10,974)
Conversion of restricted stock units (shares)		31,000
Conversion of restricted stock units	246		246
Share-based plan compensation	$ 1,432		1,432
BALANCE, Shares at March 31, 2019 at Mar. 31, 2019	19,875,993	19,876,000
BALANCE at March 31, 2019 at Mar. 31, 2019	$ 516,177	$ 212	$ 442,568	228,582	$ (80,713)	$ (74,472)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative translation adjustment				$ 1,113

Basis Of Presentation

Basis Of Presentation	3 Months Ended
	Mar. 31, 2019
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 (loss) income, consolidated statements of comprehensive income (loss), consolidated statements of cash flows and consolidated statements of shareholders' equity 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 as of December 31, 2018 is as reported in our audited consolidated financial statements as of that date but does not contain all of the footnote disclosures from the annual financial statements. Our accounting policies are described in the notes to our December 31, 2018 consolidated financial statements, which were included in our Annual Report on Form 10-K for the year ended December 31, 2018 , as updated by Note 2 with respect to newly adopted accounting standards. 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, 2018 . 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 three months ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019 or any future quarter. Unless otherwise indicated, all financial information and statistical data included in these notes to our condensed consolidated financial statements relate to our continuing operations, with dollar amounts expressed in thousands (except per-share data).

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	Summary of Significant Accounting Policies The significant accounting policies used in preparation of these condensed consolidated financial statements for the three months ended March 31, 2019 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, 2018 , except as updated below with respect to newly adopted accounting standards. New Accounting Standards - Adopted On January 1, 2019 we adopted the Financial Accounting Standards Board ("FASB") issued ASU 2016-02, Leases, and all related amendments ("ASC 842"), specifically, ASU 2018-11, Leases: Targeted Improvements, under the modified retrospective approach. The amendment provides us with transition relief, as we elected not to recast the comparable periods and rather used the effective adoption date of the standard as the date of initial application. Comparable periods and the related disclosures are reflected herein under ASC 840. In addition, we elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allowed us to carry forward the historical lease classification. Adoption of the new standard resulted in the recording of additional Right-of-Use ("ROU") assets and lease liabilities of $23.8 million and $24.1 million respectively, as of January 1, 2019. ROU assets represent our right to use an underlying asset for the lease term and the lease liabilities represent our obligation to make lease payments arising from the lease. The difference between the additional lease assets and lease liabilities, was recorded as an adjustment to deferred rent and prepaid rent. The standard did not materially impact our consolidated net earnings. See Note 4, Leases for further information.

Revenue Recognition (Notes)

Revenue Recognition (Notes)	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Our revenue is derived from a variety of contracts. A significant portion of our revenues are from contracts associated with the design, development, manufacture or modification of highly engineered, complex and severe environment products with customers who are either in or service the energy, aerospace, defense and industrial markets. Our contracts within the defense markets are primarily with U.S. military customers. These contracts typically are subject to the Federal Acquisition Regulations (FAR). We account for a contract when it has approval and commitment from both parties, the rights of the parties are identified, payment terms are identified, the contract has commercial substance and collectability of consideration is probable. Contracts may be modified to account for changes in contract specifications and requirements. Contract modifications exist when the modification either creates new, or changes the existing, enforceable rights and obligations. Contract modifications for goods or services that are not distinct from the existing contract are accounted for as if they were part of that existing contract. Revenue is recognized from products and services transferred to customers over-time using an input measure (e.g., costs incurred to date relative to total estimated costs at completion, known as the “cost-to-cost” method) to measure progress. We generally use the cost-to-cost measure of progress for our contracts because it best depicts the transfer of control to the customer which occurs as we incur costs on our contracts. Under the cost-to-cost measure of progress, revenues are recorded proportionally as costs are incurred. Contract costs include labor, materials and subcontractors’ costs, other direct costs and an allocation of overhead, as appropriate. As of March 31, 2019 , we had $521.0 million of revenue related to remaining unfulfilled performance obligations. We expect to recognize approximately 79 percent of our remaining performance obligations as revenue during the remainder of 2019, 18 percent in 2020, and the remaining 3 percent in 2021 and thereafter. In order to determine revenue recognized in the period from contract liabilities, we first allocate revenue to the individual contract liabilities balances outstanding at the beginning of the period until the revenue exceeds that balance. If additional advances are received on those contracts in subsequent periods, we assume all revenue recognized in the reporting period first applies to the beginning contract liabilities as opposed to a portion applying to the new advances for the period. The impact of adjustments in contract estimates on our operating earnings can be reflected in either operating expenses or revenue. There have been no significant changes in estimates in the three months ended March 31, 2019 . Disaggregation of Revenue. The following tables present our revenue disaggregated by major product line and geographical market (in thousands): March 31, 2019 April 1, 2018 Three Months Ended Three Months Ended Energy Segment Oil & Gas - Upstream, Midstream & Other $ 45,665 $ 47,885 Oil & Gas - Downstream 52,752 52,087 Total 98,417 99,972 Aerospace & Defense Segment Commercial Aerospace & Other 28,706 26,657 Defense 32,534 31,820 Total 61,240 58,477 Industrial Segment Valves 28,532 27,679 Pumps 82,206 89,452 Total 110,738 117,131 Net Revenue $ 270,395 $ 275,580 March 31, 2019 April 1, 2018 Three Months Ended Three Months Ended Energy Segment EMEA $ 34,452 $ 19,898 North America 52,957 64,467 Other 11,008 15,607 Total 98,417 99,972 Aerospace & Defense Segment EMEA $ 17,732 $ 15,396 North America 37,393 37,749 Other 6,115 5,332 Total 61,240 58,477 Industrial Segment EMEA $ 54,492 $ 60,679 North America 34,547 32,250 Other 21,699 24,202 Total 110,738 117,131 Net Revenue $ 270,395 $ 275,580 Contract Balances. The Company’s contract assets and contract liabilities balances as of December 31, 2018 and March 31, 2019, respectively, are as follows (in thousands): December 31, 2018 March 31, 2019 Increase/(Decrease) Trade accounts receivables, net $ 183,552 $ 188,500 $ 4,948 Contract assets (1) 61,618 61,889 271 Contract liabilities (2) (3) 48,325 36,374 (11,951 ) (1) Recorded within prepaid expenses and other current assets. (2) Recorded within accrued expenses and other current liabilities (3) The Contract Liabilities balance as of December 31, 2018 has been adjusted by $1.4 million attributed to the Reliability Services divestiture. Trade accounts receivable, net increased by $ 4.9 million as of March 31, 2019, primarily due to the timing of cash collections during the three months ended March 31, 2019. Contract assets as of March 31, 2019 remained fairly consistent with December 31, 2018, an increase of $ 0.3 million . Contract liabilities, excluding divestiture, decreased by $ 12.0 million , or 25%, to $ 36.4 million as of March 31, 2019, primarily driven by revenue recognized over time during the three months ended March 31, 2019 within our Refinery Valves (-9%) and U.S. Defense Business (-5%).

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	Leases We lease certain office spaces, warehouses, vehicles and equipment. Leases with an initial term of 12-months or less have not been capitalized on the balance sheet. We recognize lease expense associated with these short-term leases on a straight-line basis over the lease term. For lease agreements entered into after the adoption of ASC 842, we combine lease and non-lease fixed components for real estate, vehicles and equipment leases. We do not combine lease and non-lease components for information technology leases. Variable lease costs were not included within the measurement of the lease liability as they were entirely variable or the difference between the portion captured within the lease liability and the actual cost will be expensed as incurred. Variable costs are contractually obligated and relate primarily to common area maintenance and taxes, which were not material to the financial statements. We elected the package of practical expedients permitted under the transition guidance, which allowed us to carry forward the historical lease classification, not to reassess if existing contracts are or contain leases, and not to reassess indirect costs for existing leases. We have elected not to recast the comparable periods and rather used the effective adoption date of the standard as the date of initial application. Leases which contain a renewal option to extend an existing lease term, or a termination option to end a lease early are exercisable at our sole discretion. We evaluate such leases to determine if we are reasonably certain to exercise the option. The depreciable life of assets and leasehold improvements are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise. Our lease agreements do not contain any material residual value guarantees. In determining the present value of lease payments, we use the implicit borrowing rate in the lease, if available. In cases where a lease does not provide an implicit borrowing rate, we use the incremental borrowing rate based on based on available information at the commencement date. As of March 31, 2019 none of our existing leases provided an implicit borrowing rate. We give consideration to our debt issuances as well as publicly available data for instruments with similar characteristics when calculating our incremental borrowing rate. Additionally, we performed an entity-level financial assessment along with risk assessment by country or jurisdiction in the determination of our incremental borrowing rate. We will update our financial and risk assessments periodically. We will reassess lease classification and / or remeasure the lease liability in the event of the following: changes in assessment of renewal, termination or purchase option based on triggering events within our control, change in amounts probable of being owed under a residual guarantee, or contingency resolution. The Balance Sheet impact at March 31, 2019 is as follows (in thousands): Leases Assets Operating Finance Gross ROU Assets (1) $ 25,102 $ 1,165 Less: Accumulated Amortization 1,298 9 Net ROU Assets $ 23,804 $ 1,156 Liabilities Operating Finance Current (2) $ 5,327 $ 178 Non-current (3) 18,560 1,048 Total Lease Liabilities $ 23,887 $ 1,226 (1) Operating and Finance ROU Assets are included within other assets on the Balance Sheet. (2) The current portion of operating and finance lease liabilities are recorded within accrued expenses and other current liabilities on the Balance Sheet. (3) The non-current portion of operating and finance lease liabilities are recorded within other non-current liabilities on the Balance Sheet. The components of lease costs are as follows (in thousands): Lease Costs March 31, 2019 Operating lease cost (1) $ 1,880 Finance lease cost Amortization of leased assets (2) $ 3 Interest on lease liabilities (3) — Total finance lease costs 3 Total lease cost $ 1,883 (1) Operating lease costs are recorded within selling, general and administrative expenses or Cost of Revenue within the Consolidated Statement of Loss depending upon the nature of the underlying lease. (2) Finance lease amortization costs are recorded in selling, general and administrative expenses within the Consolidated Statement of Loss. (3) Finance lease interest costs are recorded in interest expense, net within the Consolidated Statement of Loss. Short-term lease expense and variable lease costs were $0.1 million and $0.0 million, respectively, for the three months ended March 31, 2019. The estimated future minimum lease payments only include obligations for which we are reasonably certain to exercise our renewal option. Such future payments are as follows (in thousands): Maturity of Lease Liabilities Operating Leases Finance Leases Total 2019 $ 5,404 $ 137 $ 5,541 2020 4,996 163 5,159 2021 4,291 161 4,452 2022 3,539 149 3,688 2023 2,962 149 3,111 After 2023 8,225 473 8,698 Less: Interest $ (5,530 ) $ (6 ) $ (5,536 ) Present value of lease liabilities $ 23,887 $ 1,226 $ 25,113 The weighted average remaining lease term and discount rates are as follows: Lease Term and Discount Rate March 31, 2019 Weighted average remaining lease term (years) Operating leases 6.3 Finance leases 7.7 Weighted average discount rate (percentage) Operating leases 5.7 % Finance leases 2.0 % Supplemental cash flow information related to leases are as follows (in thousands): Other Information March 31, 2019 Operating Activities Noncash lease expense on operating ROU assets $ (23,762 ) Amortization expense on finance ROU assets 3 Change in total operating lease liabilities 23,846 Principal paid on operating lease liabilities (93 ) Total Operating Activities $ (6 ) Financing Activities Principal paid on finance lease liabilities $ (8 ) Supplemental Interest Paid on finance lease liabilities — As of March 31, 2019, we do not have any material operating or finance leases that have not yet commenced and we have not entered into any transactions with a related party. Operating Lease Commitments Disclosure under ASC 840 Minimum rental commitments due under non-cancelable operating leases, primarily for office and warehouse facilities, were as follows at December 31, 2018 (in thousands): 2019 2020 2021 2022 2023 Thereafter Minimum lease commitments $ 9,481 $ 6,303 $ 4,573 $ 3,345 $ 2,540 $ 6,032
Leases	Leases We lease certain office spaces, warehouses, vehicles and equipment. Leases with an initial term of 12-months or less have not been capitalized on the balance sheet. We recognize lease expense associated with these short-term leases on a straight-line basis over the lease term. For lease agreements entered into after the adoption of ASC 842, we combine lease and non-lease fixed components for real estate, vehicles and equipment leases. We do not combine lease and non-lease components for information technology leases. Variable lease costs were not included within the measurement of the lease liability as they were entirely variable or the difference between the portion captured within the lease liability and the actual cost will be expensed as incurred. Variable costs are contractually obligated and relate primarily to common area maintenance and taxes, which were not material to the financial statements. We elected the package of practical expedients permitted under the transition guidance, which allowed us to carry forward the historical lease classification, not to reassess if existing contracts are or contain leases, and not to reassess indirect costs for existing leases. We have elected not to recast the comparable periods and rather used the effective adoption date of the standard as the date of initial application. Leases which contain a renewal option to extend an existing lease term, or a termination option to end a lease early are exercisable at our sole discretion. We evaluate such leases to determine if we are reasonably certain to exercise the option. The depreciable life of assets and leasehold improvements are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise. Our lease agreements do not contain any material residual value guarantees. In determining the present value of lease payments, we use the implicit borrowing rate in the lease, if available. In cases where a lease does not provide an implicit borrowing rate, we use the incremental borrowing rate based on based on available information at the commencement date. As of March 31, 2019 none of our existing leases provided an implicit borrowing rate. We give consideration to our debt issuances as well as publicly available data for instruments with similar characteristics when calculating our incremental borrowing rate. Additionally, we performed an entity-level financial assessment along with risk assessment by country or jurisdiction in the determination of our incremental borrowing rate. We will update our financial and risk assessments periodically. We will reassess lease classification and / or remeasure the lease liability in the event of the following: changes in assessment of renewal, termination or purchase option based on triggering events within our control, change in amounts probable of being owed under a residual guarantee, or contingency resolution. The Balance Sheet impact at March 31, 2019 is as follows (in thousands): Leases Assets Operating Finance Gross ROU Assets (1) $ 25,102 $ 1,165 Less: Accumulated Amortization 1,298 9 Net ROU Assets $ 23,804 $ 1,156 Liabilities Operating Finance Current (2) $ 5,327 $ 178 Non-current (3) 18,560 1,048 Total Lease Liabilities $ 23,887 $ 1,226 (1) Operating and Finance ROU Assets are included within other assets on the Balance Sheet. (2) The current portion of operating and finance lease liabilities are recorded within accrued expenses and other current liabilities on the Balance Sheet. (3) The non-current portion of operating and finance lease liabilities are recorded within other non-current liabilities on the Balance Sheet. The components of lease costs are as follows (in thousands): Lease Costs March 31, 2019 Operating lease cost (1) $ 1,880 Finance lease cost Amortization of leased assets (2) $ 3 Interest on lease liabilities (3) — Total finance lease costs 3 Total lease cost $ 1,883 (1) Operating lease costs are recorded within selling, general and administrative expenses or Cost of Revenue within the Consolidated Statement of Loss depending upon the nature of the underlying lease. (2) Finance lease amortization costs are recorded in selling, general and administrative expenses within the Consolidated Statement of Loss. (3) Finance lease interest costs are recorded in interest expense, net within the Consolidated Statement of Loss. Short-term lease expense and variable lease costs were $0.1 million and $0.0 million, respectively, for the three months ended March 31, 2019. The estimated future minimum lease payments only include obligations for which we are reasonably certain to exercise our renewal option. Such future payments are as follows (in thousands): Maturity of Lease Liabilities Operating Leases Finance Leases Total 2019 $ 5,404 $ 137 $ 5,541 2020 4,996 163 5,159 2021 4,291 161 4,452 2022 3,539 149 3,688 2023 2,962 149 3,111 After 2023 8,225 473 8,698 Less: Interest $ (5,530 ) $ (6 ) $ (5,536 ) Present value of lease liabilities $ 23,887 $ 1,226 $ 25,113 The weighted average remaining lease term and discount rates are as follows: Lease Term and Discount Rate March 31, 2019 Weighted average remaining lease term (years) Operating leases 6.3 Finance leases 7.7 Weighted average discount rate (percentage) Operating leases 5.7 % Finance leases 2.0 % Supplemental cash flow information related to leases are as follows (in thousands): Other Information March 31, 2019 Operating Activities Noncash lease expense on operating ROU assets $ (23,762 ) Amortization expense on finance ROU assets 3 Change in total operating lease liabilities 23,846 Principal paid on operating lease liabilities (93 ) Total Operating Activities $ (6 ) Financing Activities Principal paid on finance lease liabilities $ (8 ) Supplemental Interest Paid on finance lease liabilities — As of March 31, 2019, we do not have any material operating or finance leases that have not yet commenced and we have not entered into any transactions with a related party. Operating Lease Commitments Disclosure under ASC 840 Minimum rental commitments due under non-cancelable operating leases, primarily for office and warehouse facilities, were as follows at December 31, 2018 (in thousands): 2019 2020 2021 2022 2023 Thereafter Minimum lease commitments $ 9,481 $ 6,303 $ 4,573 $ 3,345 $ 2,540 $ 6,032

Inventories

Inventories	3 Months Ended
	Mar. 31, 2019
Inventory, Net [Abstract]
Inventories	Inventories Inventories consisted of the following (in thousands): March 31, 2019 December 31, 2018 Raw materials $ 71,201 $ 69,910 Work in process 115,655 116,088 Finished goods 31,135 31,380 Total inventories $ 217,991 $ 217,378

Special Charges_Recoveries

Special Charges/Recoveries	3 Months Ended
	Mar. 31, 2019
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 on our consolidated statements of loss. 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 loss for the three months ended March 31, 2019 and April 1, 2018 : Special & Restructuring Charges (Recoveries), net Three Months Ended March 31, 2019 April 1, 2018 Special (recoveries) charges, net $ (8,679 ) $ 2,831 Restructuring charges, net 863 9,615 Total special and restructuring (recoveries) charges, net $ (7,816 ) $ 12,446 Special (Recoveries) Charges, net The table below (in thousands) outlines the special (recoveries) charges, net recorded for the three months ended March 31, 2019 : Special (Recoveries) Charges, net For the three months ended March 31, 2019 Energy Aerospace & Defense Industrial Corporate Total Reliability Services divestiture $ (10,282 ) $ — $ — $ — $ (10,282 ) Reliability Services 2019 operating expenses 1,450 — — — 1,450 Rosscor divestiture related charges — — 153 — 153 Total special charges, net $ (8,832 ) $ — $ 153 $ — $ (8,679 ) Reliability Services Divestiture: In January 2019, the Company sold its Reliability Services business. The Company recorded a $10.3 million gain during the first quarter of 2019 in connection with the divestiture. Reliability Services 2019 Operating Expenses: The Company classified the 2019 operating expenses of the Reliability Services business as special given the business was held for sale as of 2018 and was sold in January 2019. Rosscor Divestiture: On November 6, 2018, we announced the divestiture of our Rosscor B.V. and SES International B.V. subsidiaries (the “Delden Business”) for a nominal amount. The Delden Business was our Netherlands-based fluid handling skids and systems business, primarily for the Oil and Gas end market. During the first quarter of 2019 we recorded a $0.2 million charge related to the divestiture. The table below (in thousands) outlines the special charges (recoveries), net recorded for the three months ended April 1, 2018 : Special Charges (Recoveries), net For the three months ended April 1, 2018 Energy Aerospace & Defense Industrial Corporate Total Acquisition related charges $ — $ — $ — $ 2,455 $ 2,455 Brazil closure 376 — — — 376 Total special charges, net $ 376 $ — $ — $ 2,455 $ 2,831 Acquisition related charges: • On December 11, 2017, we acquired fluid handing business of Colfax Corporation ("FH"). In connection with our acquisition, we recorded $2.5 million during the three months ended April 1, 2018 related to internal and external professional fee costs to integrate the FH business into our legacy framework. • Brazil Closure: On November 3, 2015, our 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 $0.4 million of charges within the Energy segment during the three months ended April 1, 2018, which relates to losses incurred subsequent to our closure of manufacturing operations during the first quarter of 2016. Restructuring Charges (Recoveries), net The tables below (in thousands) outline the charges (or any recoveries) associated with restructuring actions recorded for the three months ended March 31, 2019 and April 1, 2018 . A description of the restructuring actions is provided in the section titled "Restructuring Programs Summary" below. Restructuring Charges As of and for the three months ended March 31, 2019 Energy Aerospace & Defense Industrial Corporate Total Facility related expenses $ 261 $ 70 $ — $ — $ 331 Employee related expenses, net 262 (2 ) 272 — 532 Total restructuring charges, net $ 523 $ 68 $ 272 $ — $ 863 Accrued restructuring charges as of December 31, 2018 $ 982 Total quarter to date charges, net (shown above) 863 Charges paid / settled, net (106 ) Accrued restructuring charges as of March 31, 2019 $ 757 We expect to make payment or settle the majority of the restructuring charges accrued as of March 31, 2019 during the second half of 2019. Restructuring Charges, net As of and for the three months ended April 1, 2018 Energy Aerospace & Defense Industrial Corporate Total Facility related expenses $ 1,481 $ 82 $ — $ — $ 1,563 Employee related (recoveries) expenses 6,843 — 1,209 — 8,052 Total restructuring charges, net $ 8,324 $ 82 $ 1,209 $ — $ 9,615 Accrued restructuring charges as of December 31, 2017 $ 1,586 Total quarter to date charges, net (shown above) 9,615 Charges paid / settled, net (4,897 ) Accrued restructuring charges as of April 1, 2018 $ 6,304 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, total cost associated with 2018 Actions (as discussed below) will be recorded in 2018 and 2019. The amounts shown below reflect the total cost for that restructuring program. During 2018, we initiated certain restructuring activities, under which we continued to simplify our business ("2018 Actions"). Under these restructurings, we reduced expenses, primarily through reductions in force and closing a number of smaller facilities. Charges associated with the 2018 Actions were recorded during 2018 and 2019. 2018 Actions Restructuring Charges, net as of March 31, 2019 Energy Aerospace & Defense Industrial Total Facility related expenses - incurred to date $ 2,448 $ 70 $ — $ 2,518 Employee related expenses - incurred to date 7,893 380 1,808 10,081 Total restructuring related special charges - incurred to date $ 10,341 $ 450 $ 1,808 $ 12,599 Additional Restructuring Charges In conjunction with the restructuring actions noted above, we incur certain costs, primarily related to inventory, that are recorded in cost of revenues instead of special and restructuring charges. These types of inventory restructuring costs typically relate to the discontinuance of a product line or manufacturing inefficiencies directly related to the restructuring action. During the quarter ended March 31, 2019, we recorded $2.8 million of inventory related restructuring charges within our Energy segment for restructuring actions with our Distributed Valves business. Also during the first quarter of 2019, we recorded $0.3 million of inventory related restructuring charges related to the January 2019 results of the Reliability Services business. During the three months ended April 1, 2018, we recorded $0.5 million of inventory related restructuring charges within our Energy segment for restructuring actions with our Reliability Services business.

Goodwill And Intangible Assets

Goodwill And Intangible Assets	3 Months Ended
	Mar. 31, 2019
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, 2018 and March 31, 2019 (in thousands): Energy Aerospace & Defense Industrial Total Goodwill as of December 31, 2018 $ 104,872 $ 57,418 $ 296,915 $ 459,205 Divestiture (1) 110 — — 110 Currency translation adjustments (4,335 ) (30 ) 6,045 1,680 Goodwill as of March 31, 2019 $ 100,647 $ 57,388 $ 302,960 $ 460,995 (1) As of December 31, 2018, the Energy Segment had $40.4 million of Goodwill classified as "held for sale" in connection with the divestiture of our Reliability Services business in January 2019. The table below presents gross intangible assets and the related accumulated amortization as of March 31, 2019 (in thousands): Gross Carrying Amount Accumulated Amortization Net Carrying Value Patents $ 5,399 $ (5,399 ) $ — Customer relationships 302,728 (62,696 ) 240,032 Backlog 22,889 (20,730 ) 2,159 Acquired technology 131,664 (28,176 ) 103,488 Other 3,783 (3,783 ) — Total Amortized Assets $ 466,463 $ (120,784 ) $ 345,679 Non-amortized intangibles (primarily trademarks and trade names) $ 76,623 $ — $ 76,623 Total Non-Amortized Intangibles $ 76,623 $ — $ 76,623 Net carrying value of intangible assets $ 422,302 The table below presents estimated remaining amortization expense for intangible assets recorded as of March 31, 2019 (in thousands): 2019 2020 2021 2022 2023 After 2023 Estimated amortization expense $ 35,597 $ 43,889 $ 42,143 $ 37,081 $ 32,509 $ 154,460

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Segment Information	Segment Information Our Chief Operating Decision Maker evaluates segment operating performance using segment operating income. Segment operating income is defined as GAAP operating income excluding intangible amortization and amortization of fair value step-ups of inventory and fixed assets from acquisitions completed subsequent to December 31, 2011, the impact of restructuring related inventory write-offs, impairment charges and special charges or gains. The Company also refers to this measure as adjusted operating income. The Company uses this measure because it helps management understand and evaluate the segments’ core operating results and facilitate comparison of performance for determining incentive compensation achievement. We organize our reporting structure into three segments: Energy, Aerospace & Defense and Industrial. The following table presents certain reportable segment information (in thousands): Three Months Ended March 31, 2019 April 1, 2018 Net revenues Energy $ 98,417 $ 99,972 Aerospace & Defense 61,240 58,477 Industrial 110,738 117,131 Consolidated net revenues $ 270,395 $ 275,580 Income (Loss) from operations before income taxes Energy - Segment Operating Income $ 6,783 $ 5,696 Aerospace & Defense - Segment Operating Income 9,374 8,931 Industrial - Segment Operating Income 10,787 12,948 Corporate expenses (6,705 ) (7,802 ) Subtotal 20,239 19,773 Restructuring charges, net 863 9,615 Special (recoveries) charges, net (8,679 ) 2,831 Special and restructuring (recoveries) charges, net (7,816 ) 12,446 Restructuring related inventory charges 3,141 473 Amortization of inventory step-up — 6,600 Acquisition amortization 12,079 11,797 Acquisition depreciation 1,123 1,837 Acquisition amortization and other costs, net 16,343 20,707 Consolidated Operating Income 11,712 (13,380 ) Interest expense, net 13,179 11,801 Other income, net (1,913 ) (1,861 ) Income (Loss) from operations before income taxes $ 446 $ (23,320 ) Three Months Ended March 31, 2019 April 1, 2018 Capital expenditures Energy $ 969 $ 3,345 Aerospace & Defense 788 944 Industrial 1,141 3,624 Corporate 387 276 Consolidated capital expenditures $ 3,285 $ 8,189 Depreciation and amortization Energy $ 3,325 $ 4,201 Aerospace & Defense 2,673 2,793 Industrial 12,369 12,440 Corporate 142 229 Consolidated depreciation and amortization $ 18,509 $ 19,663 Identifiable assets March 31, 2019 April 1, 2018 Energy $ 707,813 $ 976,000 Aerospace & Defense 406,064 348,291 Industrial 1,408,206 1,327,094 Corporate (802,749 ) (723,278 ) Consolidated identifiable assets $ 1,719,334 $ 1,928,107 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 $20.9 million and $17.0 million as of March 31, 2019 and April 1, 2018 , respectively.

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Financial Instruments	Financial Instrument Fair Value The company utilizes fair value measurement guidance prescribed by accounting standards to value its financial instruments. The guidance establishes a fair value hierarchy based on the inputs used to measure fair value. This hierarchy prioritizes the inputs into three broad levels as follows: • Level One : Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets. • Level Two : Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in inactive markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. • Level Three : Inputs to the valuation methodology are unobservable and significant to the fair value measurement. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The fair value measurements of the Company's financial instruments as of March 31, 2019 are summarized in the table below: Significant Other Observable Inputs Level 2 Derivatives $ (4,103 ) 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 is a Level 1 financial instrument. As of March 31, 2019 and December 31, 2018 , the outstanding balance of the Company’s debt approximated fair value based on current rates available to the Company for debt of the same maturity and is a Level 2 financial instrument. Effective April 12, 2018, the Company entered into an interest rate swap pursuant to an International Swaps and Derivatives Association ("ISDA") Master Agreement with Citizens Bank, National Association ("interest rate swap"). The four -year interest rate swap has a fixed notional value of $400.0 million with a 1% LIBOR floor and a maturity date of April 12, 2022. The fixed rate of interest paid by the Company is comprised of our current credit spread of 350 basis points plus 2.6475% for a total interest rate of 6.1475% . The ISDA Master Agreement, together with its related schedules, contain customary representations, warranties and covenants. This hedging agreement was entered into to mitigate the interest rate risk inherent in the Company’s variable rate debt and is not for speculative trading purposes. The Company has designated the interest rate swap as a qualifying hedging instrument and is treating it as a cash flow hedge for accounting purposes pursuant to ASC 815, Derivatives and Hedging . The net fair value of the interest rate swap was $ 4.1 million and is recorded in other long-term liabilities of $3.8 million , accrued expenses and other current liabilities of $0.9 million , and long-term deferred tax asset of $0.6 million on our condensed consolidated balance sheet as of March 31, 2019 . The unrealized losses recognized in other comprehensive income (loss) were $ 2.1 million for the three months ended March 31, 2019 . The realized loss of $0.2 million was reclassified from other comprehensive income (loss) to interest expense as interest expense was accrued on the swap during the three months ended March 31, 2019 . Amounts expected to be reclassified from other comprehensive income into interest expense in the coming 12 months is a loss of $(1.0) million . Interest expense (including the effects of the cash flow hedges) related to the portion of the Company's term loan subject to the aforementioned interest-rate swap agreement was $6.1 million for the three months ended March 31, 2019 .

Guarantees And Indemnification

Guarantees And Indemnification Obligations	3 Months Ended
	Mar. 31, 2019
Guarantees And Indemnification Obligations [Abstract]
Guarantees And Indemnification Obligations	10) 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 March 31, 2019 . 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 three months ended March 31, 2019 (in thousands): Balance beginning December 31, 2018 $ 4,050 Provisions 742 Claims settled (664 ) Currency translation adjustment (1 ) Balance ending March 31, 2019 $ 4,127 Warranty obligations increased $0.1 million from $4.1 million as of December 31, 2018 to $4.1 million as of March 31, 2019 , primarily driven by net claims settled and quarterly provisions within our Industrial and Energy operating segments.

Contingencies And Commitments

Contingencies And Commitments	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Contingencies And Commitments	(11) Commitments and Contingencies 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 expect 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. On February 21, 2018, the Company entered into a mediated settlement regarding a wage and hour action in California by a former employee. In October 2016, the plaintiff alleged non-compliance with California State labor law, including missed or late meal breaks, for hourly employees of CIRCOR Aerospace, Inc. in Corona, California. The total settlement amount of $2.4 million was initially recorded as a liability as of December 31, 2017. This settlement resolves all wage/hour claims by all potentially affected employees through the settlement date and was approved by the California Superior Court during 2018. The Company expects to make payment during the third quarter of 2019. 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 expect that these asbestos-related claims will have a material adverse effect on the financial condition, results of operations or liquidity of the Company. 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 $74.4 million at March 31, 2019 . 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 March 31, 2019 . The following table contains information related to standby letters of credit instruments outstanding as of March 31, 2019 (in thousands): Term Remaining Maximum Potential Future Payments 0–12 months $ 54,661 Greater than 12 months 19,750 Total $ 74,411

Retirement Plans

Retirement Plans	3 Months Ended
	Mar. 31, 2019
Retirement Benefits, Description [Abstract]
Retirement Plans	(12) Retirement Plans The following table sets forth the components of total net periodic benefit cost (income) of the Company’s defined benefit pension plans and other post-retirement employee benefit plans (in thousands): Three Months Ended March 31, 2019 April 1, 2018 Pension Benefits - U.S. Plans Service cost $ — $ — Interest cost 1,967 1,762 Expected return on plan assets (2,742 ) (3,771 ) Amortization 129 38 Net periodic benefit income $ (646 ) $ (1,971 ) Pension Benefits - Non-U.S. Plans Service cost $ 695 $ 774 Interest cost 555 552 Expected return on plan assets (247 ) (258 ) Amortization 5 — Net periodic benefit cost $ 1,008 $ 1,068 Other Post-Retirement Benefits Service cost $ — $ — Interest cost 93 86 Amortization — — Net periodic benefit cost $ 93 $ 86 As of March 31, 2019 the Company’s plan assets included $2.2 million payable to Colfax Corporation for reimbursement of 2018 pension benefits paid, expenses and investment return. The periodic benefit service costs are included in the selling, general, and administrative costs, while the remaining net periodic benefit costs are included in other (income) expense, net in our condensed consolidated statements of loss for the three months ended March 31, 2019 and April 1, 2018 , respectively. There were no employer contributions to the Company's U.S. and non- U.S. based pension plans during the three months ended March 31, 2019.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	(13) Income Taxes As of March 31, 2019 and December 31, 2018, we had $0.6 million and $0.6 million of unrecognized tax benefits, respectively, of which $0.5 million and $0.5 million , respectively, would affect our effective tax rate if recognized in any future period. The Company files income tax returns in 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 2015 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. deferred tax asset and a net foreign deferred tax liability. Due to uncertainties related to our ability to utilize certain foreign deferred income tax assets, we maintained a total valuation allowance of $17.6 million at March 31, 2019 and $ 17.6 million at December 31, 2018. 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	3 Months Ended
	Mar. 31, 2019
Share-based Compensation [Abstract]
Share-Based Compensation	(14) Share-Based Compensation As of March 31, 2019 , there were 732,879 stock options and 438,479 Restricted Stock Unit Awards ("RSU Awards") and Restricted Stock Unit Management Stock Plan Awards ("RSU MSPs") outstanding. In addition, there were 69,299 shares available for grant under the 2014 Stock Option and Incentive Plan (the "2014 Plan") as of March 31, 2019 . During the three months ended March 31, 2019 , we granted 153,726 stock options compared with 127,704 stock options granted during the three months ended April 1, 2018 . The average fair value of stock options granted during the first three months of 2019 and 2018 was $11.84 and $14.68 per share, respectively, and was estimated using the following weighted-average assumptions: March 31, 2019 April 1, 2018 Risk-free interest rate 2.6 % 2.5 % Expected life (years) 4.4 4.4 Expected stock volatility 38.1 % 37.2 % Expected dividend yield — % — % For additional information regarding the historical issuance of stock options, refer to Note 12 to the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2018 . During the three months ended March 31, 2019 and April 1, 2018 , we granted 154,903 and 143,198 RSU Awards with approximate fair values of $33.07 and $42.61 per RSU Award, respectively. During the first three months of 2019 and 2018 , we granted performance-based RSU Awards as part of the overall mix of RSU Awards. In 2019, these performance-based RSU Awards include metrics for achieving Adjusted Operating Margin and Adjusted Free Cash Flow with target payouts ranging from 0% to 200% . In 2018, the performance-based RSU Awards include metrics for achieving Return on Invested Capital and Adjusted Operating Margin with the same target payout ranges. Of the 154,903 RSU Awards granted during the three months ended March 31, 2019 , 26,475 are performance-based RSU Awards. This compares to 48,080 performance-based RSU Awards granted during the three months ended April 1, 2018 . RSU MSPs totaling 56,379 and 34,937 with per unit discount amounts representing fair values of $11.10 and $14.06 per share were granted during the three months ended March 31, 2019 and April 1, 2018 , respectively. Compensation expense related to our share-based plans for the three months ended March 31, 2019 and April 1, 2018 was $1.4 million and $1.3 million , respectively. Compensation expense for both periods was recorded as selling, general and administrative expenses. As of March 31, 2019 , there was $13.5 million of total unrecognized compensation costs related to our outstanding share-based compensation arrangements. That cost is expected to be recognized over a weighted average period of 2.4 years. The weighted average contractual term for stock options outstanding and options exercisable as of March 31, 2019 was 4.9 years and 4.0 years, respectively. The aggregate intrinsic value of stock options exercised during the three months ended March 31, 2019 was $0.0 million and the aggregate intrinsic value of stock options outstanding and options exercisable as of March 31, 2019 was $0.0 million and $0.0 million , respectively. The aggregate intrinsic value of RSU Awards settled during the three months ended March 31, 2019 was $0.6 million and the aggregate intrinsic value of RSU Awards outstanding and RSU Awards vested and deferred as of March 31, 2019 was $10.6 million and $0.2 million , respectively. The aggregate intrinsic value of RSU MSPs settled during the three months ended March 31, 2019 was $0.1 million and the aggregate intrinsic value of RSU MSPs outstanding and RSU MSPs vested and deferred as of March 31, 2019 was $0.7 million and less than $0.1 million , respectively. International participants are issued Cash Settled Stock Unit Awards. As of March 31, 2019 , there were 67,109 Cash Settled Stock Unit Awards outstanding compared to 50,907 as of December 31, 2018. During the three months ended March 31, 2019 , the aggregate cash used to settle Cash Settled Stock Unit Awards was $0.5 million . As of March 31, 2019 , we had $0.4 million of accrued expenses in other non-current liabilities associated with these Cash Settled Stock Unit Awards compared with $0.6 million as of December 31, 2018 . Cash Settled Stock Unit Award related compensation costs for the three months ended March 31, 2019 and April 1, 2018 was $0.4 million and $0.1 million , respectively, and was recorded as selling, general, and administrative expenses.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2019
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 three months ended March 31, 2019 (in thousands): Foreign Currency Translation Adjustments Pension, net Derivative Total Balance as of December 31, 2018 $ (49,109 ) $ (19,114 ) $ (1,516 ) $ (69,739 ) Other comprehensive income (8,840 ) — (2,134 ) (10,974 ) Balance as of March 31, 2019 $ (57,949 ) $ (19,114 ) $ 1 $ (3,650 ) $ (80,713 ) During the first quarter of 2019, an immaterial error was identified in the Company's calculation of currency translation adjustments related to goodwill, intangible assets and property, plant and equipment acquired in the Fluid Handling acquisition. This error impacts other comprehensive income. Specifically, other comprehensive income (loss) was overstated by $5.4 and $2.2 million, respectively, for the first quarter and fiscal 2018 and was understated by $2.2 million for first quarter of 2019. The Company has determined that these adjustments were not material to the current or prior periods, or the forecasted 2019 results. The quarterly impact (in $ millions) in 2018 was: Q1 Q2 Q3 Q4 2018 Overstated (understated) comprehensive income $ 5.4 $ (5.1 ) $ (0.2 ) $ 2.1 $ 2.2

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Common Share	(16) Earnings (Loss) Per Common Share ("EPS") (in thousands, except per share amounts) Three Months Ended March 31, 2019 April 1, 2018 Net Income Shares Per Share Amount Net Income Shares Per Share Amount Basic EPS $ (4,633 ) 19,870 $ (0.23 ) $ (17,441 ) 19,806 $ (0.88 ) Dilutive securities, common stock options — — — — — — Diluted EPS $ (4,633 ) 19,870 $ (0.23 ) $ (17,441 ) 19,806 $ (0.88 ) Stock options, RSU Awards, and RSU MSPs covering 901,098 and 126,926 shares of common stock, for the three months ended March 31, 2019 and April 1, 2018 , respectively, were not included in the computation of diluted EPS because their effect would be anti-dilutive.

Summary Of Significant Accoun_2

Summary Of Significant Accounting Policies Summary Of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Schedule of Cumulative Effect of Changes for Adoption of Revenue Standard	(2) Summary of Significant Accounting Policies The significant accounting policies used in preparation of these condensed consolidated financial statements for the three months ended March 31, 2019 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, 2018 , except as updated below with respect to newly adopted accounting standards. New Accounting Standards - Adopted On January 1, 2019 we adopted the Financial Accounting Standards Board ("FASB") issued ASU 2016-02, Leases, and all related amendments ("ASC 842"), specifically, ASU 2018-11, Leases: Targeted Improvements, under the modified retrospective approach. The amendment provides us with transition relief, as we elected not to recast the comparable periods and rather used the effective adoption date of the standard as the date of initial application. Comparable periods and the related disclosures are reflected herein under ASC 840. In addition, we elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allowed us to carry forward the historical lease classification. Adoption of the new standard resulted in the recording of additional Right-of-Use ("ROU") assets and lease liabilities of $23.8 million and $24.1 million respectively, as of January 1, 2019. ROU assets represent our right to use an underlying asset for the lease term and the lease liabilities represent our obligation to make lease payments arising from the lease. The difference between the additional lease assets and lease liabilities, was recorded as an adjustment to deferred rent and prepaid rent. The standard did not materially impact our consolidated net earnings. See Note 4, Leases for further information.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	March 31, 2019 April 1, 2018 Three Months Ended Three Months Ended Energy Segment Oil & Gas - Upstream, Midstream & Other $ 45,665 $ 47,885 Oil & Gas - Downstream 52,752 52,087 Total 98,417 99,972 Aerospace & Defense Segment Commercial Aerospace & Other 28,706 26,657 Defense 32,534 31,820 Total 61,240 58,477 Industrial Segment Valves 28,532 27,679 Pumps 82,206 89,452 Total 110,738 117,131 Net Revenue $ 270,395 $ 275,580 March 31, 2019 April 1, 2018 Three Months Ended Three Months Ended Energy Segment EMEA $ 34,452 $ 19,898 North America 52,957 64,467 Other 11,008 15,607 Total 98,417 99,972 Aerospace & Defense Segment EMEA $ 17,732 $ 15,396 North America 37,393 37,749 Other 6,115 5,332 Total 61,240 58,477 Industrial Segment EMEA $ 54,492 $ 60,679 North America 34,547 32,250 Other 21,699 24,202 Total 110,738 117,131 Net Revenue $ 270,395 $ 275,580 Contract Balances. The Company’s contract assets and contract liabilities balances as of December 31, 2018 and March 31, 2019, respectively, are as follows (in thousands): December 31, 2018 March 31, 2019 Increase/(Decrease) Trade accounts receivables, net $ 183,552 $ 188,500 $ 4,948 Contract assets (1) 61,618 61,889 271 Contract liabilities (2) (3) 48,325 36,374 (11,951 ) (1) Recorded within prepaid expenses and other current assets. (2) Recorded within accrued expenses and other current liabilities (3) The Contract Liabilities balance as of December 31, 2018 has been adjusted by $1.4 million attributed to the Reliability Services divestiture. Trade accounts receivable, net increased by $ 4.9 million as of March 31, 2019, primarily due to the timing of cash collections during the three months ended March 31, 2019. Contract assets as of March 31, 2019 remained fairly consistent with December 31, 2018, an increase of $ 0.3 million . Contract liabilities, excluding divestiture, decreased by $ 12.0 million , or 25%, to $ 36.4 million as of March 31, 2019, primarily driven by revenue recognized over time during the three months ended March 31, 2019 within our Refinery Valves (-9%) and U.S. Defense Business (-5%).

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Balance Sheet Impact of Leases	The Balance Sheet impact at March 31, 2019 is as follows (in thousands): Leases Assets Operating Finance Gross ROU Assets (1) $ 25,102 $ 1,165 Less: Accumulated Amortization 1,298 9 Net ROU Assets $ 23,804 $ 1,156 Liabilities Operating Finance Current (2) $ 5,327 $ 178 Non-current (3) 18,560 1,048 Total Lease Liabilities $ 23,887 $ 1,226 (1) Operating and Finance ROU Assets are included within other assets on the Balance Sheet. (2) The current portion of operating and finance lease liabilities are recorded within accrued expenses and other current liabilities on the Balance Sheet. (3) The non-current portion of operating and finance lease liabilities are recorded within other non-current liabilities on the Balance Sheet.
Components of Lease Costs	The components of lease costs are as follows (in thousands): Lease Costs March 31, 2019 Operating lease cost (1) $ 1,880 Finance lease cost Amortization of leased assets (2) $ 3 Interest on lease liabilities (3) — Total finance lease costs 3 Total lease cost $ 1,883 (1) Operating lease costs are recorded within selling, general and administrative expenses or Cost of Revenue within the Consolidated Statement of Loss depending upon the nature of the underlying lease. (2) Finance lease amortization costs are recorded in selling, general and administrative expenses within the Consolidated Statement of Loss. (3) Finance lease interest costs are recorded in interest expense, net within the Consolidated Statement of Loss. Short-term lease expense and variable lease costs were $0.1 million and $0.0 million, respectively, for the three months ended March 31, 2019.
Estimated Future Minimum Finance Lease Payments	The estimated future minimum lease payments only include obligations for which we are reasonably certain to exercise our renewal option. Such future payments are as follows (in thousands): Maturity of Lease Liabilities Operating Leases Finance Leases Total 2019 $ 5,404 $ 137 $ 5,541 2020 4,996 163 5,159 2021 4,291 161 4,452 2022 3,539 149 3,688 2023 2,962 149 3,111 After 2023 8,225 473 8,698 Less: Interest $ (5,530 ) $ (6 ) $ (5,536 ) Present value of lease liabilities $ 23,887 $ 1,226 $ 25,113
Estimated Future Minimum Operating Lease Payments	The estimated future minimum lease payments only include obligations for which we are reasonably certain to exercise our renewal option. Such future payments are as follows (in thousands): Maturity of Lease Liabilities Operating Leases Finance Leases Total 2019 $ 5,404 $ 137 $ 5,541 2020 4,996 163 5,159 2021 4,291 161 4,452 2022 3,539 149 3,688 2023 2,962 149 3,111 After 2023 8,225 473 8,698 Less: Interest $ (5,530 ) $ (6 ) $ (5,536 ) Present value of lease liabilities $ 23,887 $ 1,226 $ 25,113
Schedule of Weighted Average Remaining Lease Term and Discount Rates	The weighted average remaining lease term and discount rates are as follows: Lease Term and Discount Rate March 31, 2019 Weighted average remaining lease term (years) Operating leases 6.3 Finance leases 7.7 Weighted average discount rate (percentage) Operating leases 5.7 % Finance leases 2.0 %
Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases are as follows (in thousands): Other Information March 31, 2019 Operating Activities Noncash lease expense on operating ROU assets $ (23,762 ) Amortization expense on finance ROU assets 3 Change in total operating lease liabilities 23,846 Principal paid on operating lease liabilities (93 ) Total Operating Activities $ (6 ) Financing Activities Principal paid on finance lease liabilities $ (8 ) Supplemental Interest Paid on finance lease liabilities —
Schedule of Future Minimum Rental Payments for Operating Leases	Operating Lease Commitments Disclosure under ASC 840 Minimum rental commitments due under non-cancelable operating leases, primarily for office and warehouse facilities, were as follows at December 31, 2018 (in thousands): 2019 2020 2021 2022 2023 Thereafter Minimum lease commitments $ 9,481 $ 6,303 $ 4,573 $ 3,345 $ 2,540 $ 6,032

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2019
Inventory, Net [Abstract]
Components Of Inventory	Inventories consisted of the following (in thousands): March 31, 2019 December 31, 2018 Raw materials $ 71,201 $ 69,910 Work in process 115,655 116,088 Finished goods 31,135 31,380 Total inventories $ 217,991 $ 217,378

Special Charges_Recoveries (Tab

Special Charges/Recoveries (Tables)	3 Months Ended
	Mar. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	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 loss for the three months ended March 31, 2019 and April 1, 2018 : Special & Restructuring Charges (Recoveries), net Three Months Ended March 31, 2019 April 1, 2018 Special (recoveries) charges, net $ (8,679 ) $ 2,831 Restructuring charges, net 863 9,615 Total special and restructuring (recoveries) charges, net $ (7,816 ) $ 12,446 The tables below (in thousands) outline the charges (or any recoveries) associated with restructuring actions recorded for the three months ended March 31, 2019 and April 1, 2018 . A description of the restructuring actions is provided in the section titled "Restructuring Programs Summary" below. Restructuring Charges As of and for the three months ended March 31, 2019 Energy Aerospace & Defense Industrial Corporate Total Facility related expenses $ 261 $ 70 $ — $ — $ 331 Employee related expenses, net 262 (2 ) 272 — 532 Total restructuring charges, net $ 523 $ 68 $ 272 $ — $ 863 Accrued restructuring charges as of December 31, 2018 $ 982 Total quarter to date charges, net (shown above) 863 Charges paid / settled, net (106 ) Accrued restructuring charges as of March 31, 2019 $ 757 he table below (in thousands) outlines the special charges (recoveries), net recorded for the three months ended April 1, 2018 : Special Charges (Recoveries), net For the three months ended April 1, 2018 Energy Aerospace & Defense Industrial Corporate Total Acquisition related charges $ — $ — $ — $ 2,455 $ 2,455 Brazil closure 376 — — — 376 Total special charges, net $ 376 $ — $ — $ 2,455 $ 2,831 Restructuring Charges, net As of and for the three months ended April 1, 2018 Energy Aerospace & Defense Industrial Corporate Total Facility related expenses $ 1,481 $ 82 $ — $ — $ 1,563 Employee related (recoveries) expenses 6,843 — 1,209 — 8,052 Total restructuring charges, net $ 8,324 $ 82 $ 1,209 $ — $ 9,615 Accrued restructuring charges as of December 31, 2017 $ 1,586 Total quarter to date charges, net (shown above) 9,615 Charges paid / settled, net (4,897 ) Accrued restructuring charges as of April 1, 2018 $ 6,304 During 2018, we initiated certain restructuring activities, under which we continued to simplify our business ("2018 Actions"). Under these restructurings, we reduced expenses, primarily through reductions in force and closing a number of smaller facilities. Charges associated with the 2018 Actions were recorded during 2018 and 2019. 2018 Actions Restructuring Charges, net as of March 31, 2019 Energy Aerospace & Defense Industrial Total Facility related expenses - incurred to date $ 2,448 $ 70 $ — $ 2,518 Employee related expenses - incurred to date 7,893 380 1,808 10,081 Total restructuring related special charges - incurred to date $ 10,341 $ 450 $ 1,808 $ 12,599 The table below (in thousands) outlines the special (recoveries) charges, net recorded for the three months ended March 31, 2019 : Special (Recoveries) Charges, net For the three months ended March 31, 2019 Energy Aerospace & Defense Industrial Corporate Total Reliability Services divestiture $ (10,282 ) $ — $ — $ — $ (10,282 ) Reliability Services 2019 operating expenses 1,450 — — — 1,450 Rosscor divestiture related charges — — 153 — 153 Total special charges, net $ (8,832 ) $ — $ 153 $ — $ (8,679 )

Goodwill And Intangible Assets

Goodwill And Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, By Segment	The following table shows goodwill by segment as of December 31, 2018 and March 31, 2019 (in thousands): Energy Aerospace & Defense Industrial Total Goodwill as of December 31, 2018 $ 104,872 $ 57,418 $ 296,915 $ 459,205 Divestiture (1) 110 — — 110 Currency translation adjustments (4,335 ) (30 ) 6,045 1,680 Goodwill as of March 31, 2019 $ 100,647 $ 57,388 $ 302,960 $ 460,995 (1) As of December 31, 2018, the Energy Segment had $40.4 million of Goodwill classified as "held for sale" in connection with the divestiture of our Reliability Services business in January 2019.
Gross Intangible Assets And Related Accumulated Amortization	The table below presents gross intangible assets and the related accumulated amortization as of March 31, 2019 (in thousands): Gross Carrying Amount Accumulated Amortization Net Carrying Value Patents $ 5,399 $ (5,399 ) $ — Customer relationships 302,728 (62,696 ) 240,032 Backlog 22,889 (20,730 ) 2,159 Acquired technology 131,664 (28,176 ) 103,488 Other 3,783 (3,783 ) — Total Amortized Assets $ 466,463 $ (120,784 ) $ 345,679 Non-amortized intangibles (primarily trademarks and trade names) $ 76,623 $ — $ 76,623 Total Non-Amortized Intangibles $ 76,623 $ — $ 76,623 Net carrying value of intangible assets $ 422,302
Estimated Remaining Amortization Expense For Intangible Assets	The table below presents estimated remaining amortization expense for intangible assets recorded as of March 31, 2019 (in thousands): 2019 2020 2021 2022 2023 After 2023 Estimated amortization expense $ 35,597 $ 43,889 $ 42,143 $ 37,081 $ 32,509 $ 154,460

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting Information [Line Items]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	We organize our reporting structure into three segments: Energy, Aerospace & Defense and Industrial. The following table presents certain reportable segment information (in thousands): Three Months Ended March 31, 2019 April 1, 2018 Net revenues Energy $ 98,417 $ 99,972 Aerospace & Defense 61,240 58,477 Industrial 110,738 117,131 Consolidated net revenues $ 270,395 $ 275,580 Income (Loss) from operations before income taxes Energy - Segment Operating Income $ 6,783 $ 5,696 Aerospace & Defense - Segment Operating Income 9,374 8,931 Industrial - Segment Operating Income 10,787 12,948 Corporate expenses (6,705 ) (7,802 ) Subtotal 20,239 19,773 Restructuring charges, net 863 9,615 Special (recoveries) charges, net (8,679 ) 2,831 Special and restructuring (recoveries) charges, net (7,816 ) 12,446 Restructuring related inventory charges 3,141 473 Amortization of inventory step-up — 6,600 Acquisition amortization 12,079 11,797 Acquisition depreciation 1,123 1,837 Acquisition amortization and other costs, net 16,343 20,707 Consolidated Operating Income 11,712 (13,380 ) Interest expense, net 13,179 11,801 Other income, net (1,913 ) (1,861 ) Income (Loss) from operations before income taxes $ 446 $ (23,320 ) Three Months Ended March 31, 2019 April 1, 2018 Capital expenditures Energy $ 969 $ 3,345 Aerospace & Defense 788 944 Industrial 1,141 3,624 Corporate 387 276 Consolidated capital expenditures $ 3,285 $ 8,189 Depreciation and amortization Energy $ 3,325 $ 4,201 Aerospace & Defense 2,673 2,793 Industrial 12,369 12,440 Corporate 142 229 Consolidated depreciation and amortization $ 18,509 $ 19,663 Identifiable assets March 31, 2019 April 1, 2018 Energy $ 707,813 $ 976,000 Aerospace & Defense 406,064 348,291 Industrial 1,408,206 1,327,094 Corporate (802,749 ) (723,278 ) Consolidated identifiable assets $ 1,719,334 $ 1,928,107

Financial Instruments Fair Valu

Financial Instruments Fair Value Measurements (Tables) - USD ($)	Apr. 12, 2018	Mar. 31, 2019	Apr. 01, 2018
Derivative [Line Items]
Interest expense		$ 13,179,000	$ 11,801,000
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]		The fair value measurements of the Company's financial instruments as of March 31, 2019 are summarized in the table below: Significant Other Observable Inputs Level 2 Derivatives $ (4,103 )
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Term of Contract	4 years
Derivative, Notional Amount	$ 400,000,000
Derivative, Floor Interest Rate	1.00%
Derivative, Basis Spread on Variable Rate	2.6475%
Derivative, Variable Interest Rate	6.1475%
Cash flow hedge derivative instrument assets at fair value		$ 4,103,000
Unrealized loss on derivatives		2,100,000
Loss on derivative		200,000
Interest expense		6,100,000
Base Rate [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Basis Spread on Variable Rate	35000.00%
Other Assets [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Cash flow hedge derivative instrument assets at fair value		3,800,000
Accrued Expenses and Other Current Liabilities [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Cash flow hedge derivative instrument assets at fair value		$ 900,000

Guarantees And Indemnificatio_2

Guarantees And Indemnification Obligations (Tables)	3 Months Ended
	Mar. 31, 2019
Guarantees And Indemnification Obligations [Abstract]
Product Warranty Reserves	The following table sets forth information related to our product warranty reserves for the three months ended March 31, 2019 (in thousands): Balance beginning December 31, 2018 $ 4,050 Provisions 742 Claims settled (664 ) Currency translation adjustment (1 ) Balance ending March 31, 2019 $ 4,127 Warranty obligations increased $0.1 million from $4.1 million as of December 31, 2018 to $4.1 million as of March 31, 2019 , primarily driven by net claims settled and quarterly provisions within our Industrial and Energy operating segments.

Contingencies And Commitments (

Contingencies And Commitments (Tables)	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Standby Letters Of Credit Instruments	The following table contains information related to standby letters of credit instruments outstanding as of March 31, 2019 (in thousands): Term Remaining Maximum Potential Future Payments 0–12 months $ 54,661 Greater than 12 months 19,750 Total $ 74,411

Retirement Plans (Tables)

Retirement Plans (Tables)	3 Months Ended
	Mar. 31, 2019
Retirement Benefits, Description [Abstract]
Components Of Net Pension Benefit Expense	The following table sets forth the components of total net periodic benefit cost (income) of the Company’s defined benefit pension plans and other post-retirement employee benefit plans (in thousands): Three Months Ended March 31, 2019 April 1, 2018 Pension Benefits - U.S. Plans Service cost $ — $ — Interest cost 1,967 1,762 Expected return on plan assets (2,742 ) (3,771 ) Amortization 129 38 Net periodic benefit income $ (646 ) $ (1,971 ) Pension Benefits - Non-U.S. Plans Service cost $ 695 $ 774 Interest cost 555 552 Expected return on plan assets (247 ) (258 ) Amortization 5 — Net periodic benefit cost $ 1,008 $ 1,068 Other Post-Retirement Benefits Service cost $ — $ — Interest cost 93 86 Amortization — — Net periodic benefit cost $ 93 $ 86 As of March 31, 2019 the Company’s plan assets included $2.2 million payable to Colfax Corporation for reimbursement of 2018 pension benefits paid, expenses and investment return.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2019
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 three months of 2019 and 2018 was $11.84 and $14.68 per share, respectively, and was estimated using the following weighted-average assumptions: March 31, 2019 April 1, 2018 Risk-free interest rate 2.6 % 2.5 % Expected life (years) 4.4 4.4 Expected stock volatility 38.1 % 37.2 % Expected dividend yield — % — %

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	(15) 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 three months ended March 31, 2019 (in thousands): Foreign Currency Translation Adjustments Pension, net Derivative Total Balance as of December 31, 2018 $ (49,109 ) $ (19,114 ) $ (1,516 ) $ (69,739 ) Other comprehensive income (8,840 ) — (2,134 ) (10,974 ) Balance as of March 31, 2019 $ (57,949 ) $ (19,114 ) $ 1 $ (3,650 ) $ (80,713 ) During the first quarter of 2019, an immaterial error was identified in the Company's calculation of currency translation adjustments related to goodwill, intangible assets and property, plant and equipment acquired in the Fluid Handling acquisition. This error impacts other comprehensive income. Specifically, other comprehensive income (loss) was overstated by $5.4 and $2.2 million, respectively, for the first quarter and fiscal 2018 and was understated by $2.2 million for first quarter of 2019. The Company has determined that these adjustments were not material to the current or prior periods, or the forecasted 2019 results. The quarterly impact (in $ millions) in 2018 was: Q1 Q2 Q3 Q4 2018 Overstated (understated) comprehensive income $ 5.4 $ (5.1 ) $ (0.2 ) $ 2.1 $ 2.2

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share, Basic And Diluted	(in thousands, except per share amounts) Three Months Ended March 31, 2019 April 1, 2018 Net Income Shares Per Share Amount Net Income Shares Per Share Amount Basic EPS $ (4,633 ) 19,870 $ (0.23 ) $ (17,441 ) 19,806 $ (0.88 ) Dilutive securities, common stock options — — — — — — Diluted EPS $ (4,633 ) 19,870 $ (0.23 ) $ (17,441 ) 19,806 $ (0.88 )

Summary of Sign Accounting Poli

Summary of Sign Accounting Policies - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lease liabilities	$ 25,113
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Leases, right-of-use asset		$ 23,800
Lease liabilities		$ 24,100

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Apr. 01, 2018	Dec. 31, 2018
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Increase (Decrease) in Accounts Receivable	$ 8,635	$ (22,038)
Trade accounts receivable, less allowance for doubtful accounts of $5,048 and $6,735 at March 31, 2019 and December 31, 2018, respectively			$ 183,552
Total backlog	521,000
Contract with Customer, Liability	$ 36,400		48,325
Contract with Customer, Asset, Net			$ 61,618
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-04-02
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	7900.00%
Remaining performance obligation, expected period of recognition	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	1800.00%
Remaining performance obligation, expected period of recognition	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation, percentage	300.00%
Remaining performance obligation, expected period of recognition
Accounting Standards Update 2014-09 [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Increase (Decrease) in Accounts and Other Receivables	$ 4,948
Trade accounts receivable, less allowance for doubtful accounts of $5,048 and $6,735 at March 31, 2019 and December 31, 2018, respectively	188,500
Increase in contract liabilities	11,951
Contract with Customer, Liability	36,374
Increase/(Decrease)	271
Contract with Customer, Asset, Net	$ 61,889

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Apr. 01, 2018	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Trade accounts receivable, less allowance for doubtful accounts of $5,048 and $6,735 at March 31, 2019 and December 31, 2018, respectively			$ 183,552
Revenue by major product line	$ 270,395	$ 275,580
Contract with Customer, Asset, Net			61,618
Contract with Customer, Liability	36,400		$ 48,325
Energy Segment
Disaggregation of Revenue [Line Items]
Revenue by major product line	98,417	99,972
Energy Segment | EMEA
Disaggregation of Revenue [Line Items]
Revenue by major product line	34,452	19,898
Energy Segment | North America
Disaggregation of Revenue [Line Items]
Revenue by major product line	52,957	64,467
Energy Segment | Total
Disaggregation of Revenue [Line Items]
Revenue by major product line	11,008	15,607
Energy Segment | Oil & Gas - Upstream, Midstream & Other
Disaggregation of Revenue [Line Items]
Revenue by major product line	45,665	47,885
Energy Segment | Oil & Gas - Downstream
Disaggregation of Revenue [Line Items]
Revenue by major product line	52,752	52,087
Aerospace & Defense Segment
Disaggregation of Revenue [Line Items]
Revenue by major product line	61,240	58,477
Aerospace & Defense Segment | EMEA
Disaggregation of Revenue [Line Items]
Revenue by major product line	17,732	15,396
Aerospace & Defense Segment | North America
Disaggregation of Revenue [Line Items]
Revenue by major product line	37,393	37,749
Aerospace & Defense Segment | Total
Disaggregation of Revenue [Line Items]
Revenue by major product line	6,115	5,332
Aerospace & Defense Segment | Commercial Aerospace & Other
Disaggregation of Revenue [Line Items]
Revenue by major product line	28,706	26,657
Aerospace & Defense Segment | Defense
Disaggregation of Revenue [Line Items]
Revenue by major product line	32,534	31,820
Industrial Segment
Disaggregation of Revenue [Line Items]
Revenue by major product line	110,738	117,131
Industrial Segment | EMEA
Disaggregation of Revenue [Line Items]
Revenue by major product line	54,492	60,679
Industrial Segment | North America
Disaggregation of Revenue [Line Items]
Revenue by major product line	34,547	32,250
Industrial Segment | Total
Disaggregation of Revenue [Line Items]
Revenue by major product line	21,699	24,202
Industrial Segment | Valves
Disaggregation of Revenue [Line Items]
Revenue by major product line	28,532	27,679
Industrial Segment | Pumps
Disaggregation of Revenue [Line Items]
Revenue by major product line	82,206	$ 89,452
Accounting Standards Update 2014-09 [Member]
Disaggregation of Revenue [Line Items]
Trade accounts receivable, less allowance for doubtful accounts of $5,048 and $6,735 at March 31, 2019 and December 31, 2018, respectively	188,500
Increase (Decrease) in Accounts and Other Receivables	4,948
Contract with Customer, Asset, Net	61,889
ContractwithCustomerAssetPeriodIncreaseDecrease	271
Contract with Customer, Liability	36,374
Contract with Customer, Liability, Period Increase (Decrease)	$ (11,951)

Leases - Balance Sheet Impact o

Leases - Balance Sheet Impact of Leases (Details)	Mar. 31, 2019USD ($)
Operating Lease, Assets [Abstract]
Gross ROU Assets	$ 25,102,000
Less: Accumulated Amortization	1,298,000
Net ROU Assets	23,804,000
Finance Lease, Assets [Abstract]
Gross ROU Assets	1,165,000
Less: Accumulated Amortization	9,000
Net ROU Assets	1,156,000
Operating Lease, Liabilities [Abstract]
Current	5,327,000
Noncurrent	18,560,000
Total Lease Liabilities	23,887,000
Finance Lease, Liabilities [Abstract]
Current	178,000
Noncurrent	1,048,000
Total Lease Liabilities	$ 1,226,000

Leases - Components of Lease Co

Leases - Components of Lease Costs (Details)	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating Lease, Liability	$ 23,887,000
Operating lease cost	1,880,000
Finance lease cost
Amortization of leased assets	3,000
Interest on lease liabilities	0
Total finance lease costs	3,000
Total lease cost	1,883,000
Short-term lease cost	100,000
Variable lease cost	$ 100,000

Leases - Estimated Future Minim

Leases - Estimated Future Minimum Operating and Finance Lease Payments (Details)	Mar. 31, 2019USD ($)
Operating Leases
2019	$ 5,404,000
2020	4,996,000
2021	4,291,000
2022	3,539,000
2023	2,962,000
After 2023	8,225,000
Less: Interest	(5,530,000)
Present value of lease liabilities	23,887,000
Finance Leases
2019	137,000
2020	163,000
2021	161,000
2022	149,000
2023	149,000
After 2023	473,000
Less: Interest	(6,000)
Present value of lease liabilities	1,226,000
Total
2019	5,541,000
2020	5,159,000
2021	4,452,000
2022	3,688,000
2023	3,111,000
After 2023	8,698,000
Less: Interest	(5,536,000)
Present value of lease liabilities	$ 25,113,000

Leases - Schedule of Weighted A

Leases - Schedule of Weighted Average Remaining Lease Term and Discount Rates (Details)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Operating lease, weighted average remaining lease term (years)	6 years 3 months 18 days
Finance lease, weighted average remaining lease term (years)	7 years 8 months 12 days
Operating lease, weighted average discount rate, percent	5.70%
Finance lease, weighted average discount rate, percent	2.00%

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related to Leases (Details)	3 Months Ended
	Mar. 31, 2019USD ($)
Operating Activities
Noncash lease expense on operating ROU assets	$ (23,762,000)
Amortization expense on finance ROU assets	3,000
Change in total operating lease liabilities	23,846,000
Operating Lease, Payments	(93,000)
Total Operating Activities	(6,000)
Financing Activities
Principal paid on finance lease liabilities	(8,000)
Supplemental
Interest Paid on finance lease liabilities	$ 0

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Rental Payments for Operating Leases (Details) $ in Thousands	Mar. 31, 2019USD ($)
Leases [Abstract]
2019	$ 9,481
2020	6,303
2021	4,573
2022	3,345
2023	2,540
Thereafter	$ 6,032

Inventories (Components Of Inve

Inventories (Components Of Inventory) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Inventory, Net [Abstract]
Raw materials	$ 71,201	$ 69,910
Work in process	115,655	116,088
Finished goods	31,135	31,380
Inventories	$ 217,991	$ 217,378

Special Charges_Recoveries (Det

Special Charges/Recoveries (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Apr. 01, 2018
Restructuring Reserve [Roll Forward]
Restructuring Charges	$ 863	$ 9,615
Total special charges, net	(8,679)	2,831
Special charges paid	(106)	(4,897)
Restructuring Reserve End of Period	757
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	532	8,052
Energy [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	523	8,324
Total special charges, net	(8,832)	376
Energy [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	262	6,843
Corporate [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	0	0
Total special charges, net	0	2,455
Corporate [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	$ 0	$ 0

Special Charges_Recoveries Char

Special Charges/Recoveries Charges Incurred to Date (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Apr. 01, 2018	Jul. 01, 2018	Oct. 01, 2017	Apr. 02, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 863	$ 9,615
Special Charges, Net	863	9,615
Total special charges, net	(8,679)	2,831
Restructuring and Related Cost, Incurred Cost	(7,816)	12,446
Restructuring Reserve	757		$ 982	$ 6,304	$ 1,586
Payments for Restructuring	(106)	(4,897)
Two Thousand and Eighteen Actions [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(12,599)
Divestiture [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	2,455
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	532	8,052
Employee Severance [Member] | Two Thousand and Eighteen Actions [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(10,081)
Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Recoveries of Restructuring Charges	331	1,563
Facility Closing [Member] | Two Thousand and Eighteen Actions [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(2,518)
Energy [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	523	8,324
Acquisition related charges		376
Total special charges, net	(8,832)	376
Energy [Member] | Two Thousand and Eighteen Actions [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(10,341)
Energy [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	262	6,843
Energy [Member] | Employee Severance [Member] | Two Thousand and Eighteen Actions [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(7,893)
Energy [Member] | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Recoveries of Restructuring Charges	261	(1,481)
Energy [Member] | Facility Closing [Member] | Two Thousand and Eighteen Actions [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(2,448)
Advanced Flow Solutions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	68	82
Total special charges, net		0
Advanced Flow Solutions [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	(2)	0
Advanced Flow Solutions [Member] | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Recoveries of Restructuring Charges	70	(82)
Total Aerospace and Defense
Restructuring Cost and Reserve [Line Items]
Total special charges, net	0
Total Aerospace and Defense | Two Thousand and Eighteen Actions [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(450)
Total Aerospace and Defense | Divestiture [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		0
Total Aerospace and Defense | Employee Severance [Member] | Two Thousand and Eighteen Actions [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(380)
Total Aerospace and Defense | Facility Closing [Member] | Two Thousand and Eighteen Actions [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(70)
Total Industrial
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	272	1,209
Total special charges, net	153	0
Total Industrial | Two Thousand and Eighteen Actions [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(1,808)
Total Industrial | Divestiture [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		0
Total Industrial | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	272	1,209
Total Industrial | Employee Severance [Member] | Two Thousand and Eighteen Actions [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	(1,808)
Total Industrial | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Recoveries of Restructuring Charges	0	0
Total Industrial | Facility Closing [Member] | Two Thousand and Eighteen Actions [Member]
Restructuring Cost and Reserve [Line Items]
Charges incurred to date	0
Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	0
Total special charges, net	0	2,455
Corporate Segment [Member] | Divestiture [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		2,455
Corporate Segment [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	0
Corporate Segment [Member] | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Recoveries of Restructuring Charges	0	$ 0
Reliability Services divestiture
Restructuring Cost and Reserve [Line Items]
Total special charges, net	(10,282)
Reliability Services divestiture | Energy [Member]
Restructuring Cost and Reserve [Line Items]
Total special charges, net	(10,282)
Reliability Services divestiture | Total Aerospace and Defense
Restructuring Cost and Reserve [Line Items]
Total special charges, net	0
Reliability Services divestiture | Total Industrial
Restructuring Cost and Reserve [Line Items]
Total special charges, net	0
Reliability Services divestiture | Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Total special charges, net	0
Reliability Services 2019 operating expenses
Restructuring Cost and Reserve [Line Items]
Total special charges, net	1,450
Reliability Services 2019 operating expenses | Energy [Member]
Restructuring Cost and Reserve [Line Items]
Total special charges, net	1,450
Reliability Services 2019 operating expenses | Total Aerospace and Defense
Restructuring Cost and Reserve [Line Items]
Total special charges, net	0
Reliability Services 2019 operating expenses | Total Industrial
Restructuring Cost and Reserve [Line Items]
Total special charges, net	0
Reliability Services 2019 operating expenses | Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Total special charges, net	0
Rosscor divestiture related charges
Restructuring Cost and Reserve [Line Items]
Total special charges, net	153
Rosscor divestiture related charges | Energy [Member]
Restructuring Cost and Reserve [Line Items]
Total special charges, net	0
Rosscor divestiture related charges | Total Aerospace and Defense
Restructuring Cost and Reserve [Line Items]
Total special charges, net	0
Rosscor divestiture related charges | Total Industrial
Restructuring Cost and Reserve [Line Items]
Total special charges, net	153
Rosscor divestiture related charges | Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Total special charges, net	$ 0

Special Charges Narrative (Deta

Special Charges Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Jan. 31, 2019	Mar. 31, 2019	Apr. 01, 2018	Dec. 31, 2018
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Inventories		$ 217,991		$ 217,378
Restructuring Charges		863	$ 9,615
Special and restructuring (recoveries) charges, net		(8,679)	2,831
Industrial Segment
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges		272	1,209
Special and restructuring (recoveries) charges, net		153	0
Energy [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Acquisition related charges			376
Restructuring Charges		523	8,324
Special and restructuring (recoveries) charges, net		(8,832)	376
Critical Flow Solutions [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Business Combination, Acquisition Related Costs			2,500
Aerospace & Defense [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net		0
Advanced Flow Solutions [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges		68	82
Special and restructuring (recoveries) charges, net			0
Corporate Segment [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges		0	0
Special and restructuring (recoveries) charges, net		0	2,455
Inventory Related Charges [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges		300
Inventory Related Charges [Member] | Energy [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges		2,800
Divestiture [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges		2,455
Divestiture [Member] | Industrial Segment
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges			0
Divestiture [Member] | Aerospace & Defense [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges			0
Divestiture [Member] | Corporate Segment [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges			$ 2,455
Reliability Services [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges		500
Reliability Services divestiture
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down	$ 10,300
Special and restructuring (recoveries) charges, net		(10,282)
Reliability Services divestiture | Industrial Segment
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net		0
Reliability Services divestiture | Energy [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net		(10,282)
Reliability Services divestiture | Aerospace & Defense [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net		0
Reliability Services divestiture | Corporate Segment [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net		0
Rosscor divestiture related charges
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net		153
Rosscor divestiture related charges | Industrial Segment
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net		153
Rosscor divestiture related charges | Energy [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net		0
Rosscor divestiture related charges | Aerospace & Defense [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net		0
Rosscor divestiture related charges | Corporate Segment [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net		$ 0

Goodwill And Intangible Asset_2

Goodwill And Intangible Assets (Goodwill, By Segment) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Goodwill [Roll Forward]
Goodwill as of December 31, 2018	$ 459,205
Currency translation adjustments	1,680
Goodwill as of March 31, 2019	460,995
Energy [Member]
Goodwill [Roll Forward]
Goodwill as of December 31, 2018	104,872
Currency translation adjustments	(4,335)
Goodwill as of March 31, 2019	100,647
Aerospace [Member]
Goodwill [Roll Forward]
Goodwill as of December 31, 2018	57,418
Currency translation adjustments	(30)
Goodwill as of March 31, 2019	57,388
Energy [Member]
Goodwill [Line Items]
Goodwill, Transfers	110
Total Industrial
Goodwill [Roll Forward]
Goodwill as of December 31, 2018	296,915
Currency translation adjustments	6,045
Goodwill as of March 31, 2019	$ 302,960

Goodwill And Intangible Asset_3

Goodwill And Intangible Assets (Gross Intangible Assets And Related Accumulated Amortization) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Intangible Assets [Line Items]
Gross Carrying Amount	$ 466,463
Accumulated Amortization	(120,784)
Finite-Lived Intangible Assets, Gross	345,679
Net carrying value of intangible assets	422,302	$ 441,302
Patents [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	5,399
Accumulated Amortization	(5,399)
Finite-Lived Intangible Assets, Net	0
Non-amortized intangibles (primarily trademarks and trade names) [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	76,623
Indefinite-Lived Intangible Assets Net of Impairment	76,623
Customer relationships
Intangible Assets [Line Items]
Gross Carrying Amount	302,728
Accumulated Amortization	(62,696)
Finite-Lived Intangible Assets, Net	240,032
Backlog [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	22,889
Accumulated Amortization	(20,730)
Finite-Lived Intangible Assets, Net	2,159
Acquired Technology [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	131,664
Accumulated Amortization	(28,176)
Finite-Lived Intangible Assets, Net	103,488
Other [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	3,783
Accumulated Amortization	(3,783)
Finite-Lived Intangible Assets, Net	$ 0

Goodwill And Intangible Asset_4

Goodwill And Intangible Assets (Estimated Remaining Amortization Expense For Intangible Assets) (Details) $ in Thousands	Mar. 31, 2019USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2018	$ 35,597
2019	43,889
2020	42,143
2021	37,081
2022	32,509
After 2022	$ 154,460

Segment Information (Reportable

Segment Information (Reportable Segment Information) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Apr. 01, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Restructuring Costs and Asset Impairment Charges	$ 16,343	$ 20,707
Net revenues	270,395	275,580
Operating Income (Loss)	11,712	(13,380)
Other Operating Income	20,239	19,773
Total special charges, net	(8,679)	2,831
Restructuring Charges	863	9,615
Amortization of inventory step-up	0	6,600
Interest expense	13,179	11,801
Other income, net	(1,913)	(1,861)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	446	(23,320)
Identifiable assets	1,719,334	1,928,107	$ 1,791,612
Capital expenditures	3,717	8,234
Depreciation, Depletion and Amortization	18,509	19,663
Corporate Identifiable Assets After Elimination Of Intercompany Assets [Member]
Segment Reporting Information [Line Items]
Identifiable assets	20,900	17,000
Energy [Member]
Segment Reporting Information [Line Items]
Net revenues	98,417	99,972
Operating Income (Loss)	6,783	5,696
Total special charges, net	(8,832)	376
Restructuring Charges	523	8,324
Identifiable assets	707,813	976,000
Capital expenditures	969	3,345
Depreciation, Depletion and Amortization	3,325	4,201
Aerospace [Member]
Segment Reporting Information [Line Items]
Net revenues	61,240	58,477
Operating Income (Loss)	9,374	8,931
Identifiable assets	406,064	348,291
Capital expenditures	788	944
Depreciation, Depletion and Amortization	2,673	2,793
Corporate/Eliminations [Member]
Segment Reporting Information [Line Items]
Net revenues	110,738	117,131
Operating Income (Loss)	(6,705)	(7,802)
Capital expenditures	387	276
Industrial Segment
Segment Reporting Information [Line Items]
Operating Income (Loss)	10,787	12,948
Total special charges, net	153	0
Restructuring Charges	272	1,209
Identifiable assets	1,408,206	1,327,094
Capital expenditures	1,141	3,624
Depreciation, Depletion and Amortization	12,369	12,440
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Total special charges, net	0	2,455
Restructuring Charges	0	0
Identifiable assets	(802,749)	(723,278)
Depreciation, Depletion and Amortization	142	229
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Special Restructuring Charges	863	9,615
Special Other Charges	(8,679)	2,831
Total special charges, net	(7,816)	12,446
Restructuring Charges	3,141	473
Special Acquisition Amortization	12,079	11,797
Restatement Impact	1,123	1,837
Restatement Adjustment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Capital expenditures	$ 3,285	$ 8,189

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) - USD ($)	Apr. 12, 2018	Mar. 31, 2019
Derivative [Line Items]
Derivative, Fair Value, Net		$ (4,103,000)
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Loss on Derivative		200,000
Derivative, Term of Contract	4 years
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net		$ 1,000,000
Derivative, Notional Amount	$ 400,000,000
Derivative, Floor Interest Rate	1.00%
Derivative, Basis Spread on Variable Rate	2.6475%
Derivative, Variable Interest Rate	6.1475%
Base Rate [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Basis Spread on Variable Rate	35000.00%

Guarantees And Indemnificatio_3

Guarantees And Indemnification Obligations (Product Warranty Reserves) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Balance beginning December 31, 2014	$ 4,050
Provisions	742
Claims settled	(664)
Currency translation adjustments	(1)
Balance ending October 1, 2017	4,127
Liability for indemnification agreements	0
Increase in warranty obligations	$ 100

Contingencies And Commitments_2

Contingencies And Commitments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Contingencies, Commitments And Guarantees [Line Items]
Aggregate notional value standby letters of credit	$ 74,411
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
Settled Litigation | Wage and Hour Action California
Contingencies, Commitments And Guarantees [Line Items]
Settlement liability	$ 2,400	$ 2,400

Contingencies And Commitments_3

Contingencies And Commitments (Standby Letters Of Credit Instruments) (Details) $ in Thousands	Mar. 31, 2019USD ($)
Contingencies, Commitments And Guarantees [Line Items]
Letters of Credit Outstanding, Amount	$ 74,411
0-12 months [Member]
Contingencies, Commitments And Guarantees [Line Items]
Letters of Credit Outstanding, Amount	54,661
Greater than 12 months [Member]
Contingencies, Commitments And Guarantees [Line Items]
Letters of Credit Outstanding, Amount	$ 19,750

Retirement Plans (Components Of

Retirement Plans (Components Of Net Pension Benefit Expense) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Apr. 01, 2018
Pension Benefits | U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 0	$ 0
Interest cost	1,967	1,762
Expected return on plan assets	(2,742)	(3,771)
Amortization	129	38
Net periodic benefit income	(646)	(1,971)
Pension Benefits | Non-U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	695	774
Interest cost	555	552
Expected return on plan assets	(247)	(258)
Amortization	5	0
Net periodic benefit income	1,008	1,068
Other Post-Retirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	0	0
Interest cost	93	86
Amortization	0	0
Net periodic benefit income	$ 93	$ 86

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Unrecognized tax benefits that would impact effective tax rate	$ 0.6	$ 0.6
Unrecognized tax benefits that would affect the effective tax rate if recognized	0.5	0.5
Deferred tax assets, valuation allowance	$ 17.6	$ 17.6

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)$ / sharesshares	Apr. 01, 2018USD ($)$ / sharesshares	Dec. 31, 2018USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSU outstanding | shares	438,479
Shares available for grant | shares	69,299
Compensation expense (benefit)	$ 1.4	$ 1.3
Unrecognized compensation costs	$ 13.5
Weighted average period of recognition of compensation expense (in years)	2 years 4 months 21 days
Weighted average contractual term for stock options outstanding, years	4 years 10 months 7 days
Weighted average contractual term for stock options exercisable, years	4 years
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	$ 11.84	$ 14.68
Stock options outstanding | shares	732,879
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 0
Aggregate intrinsic value of stock options outstanding	$ 0
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted | shares	154,903	143,198
Granted RSU awards fair value | $ / shares	$ 33.07	$ 42.61
Aggregate intrinsic value of RSU Awards / RSU MSPs	$ 0.6
Aggregate intrinsic value of RSU Awards outstanding	10.6
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	26,475	48,080
Restricted Stock Units Management Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted | shares	56,379	34,937
Restricted stock units discount amount | $ / shares	11.10	14.06
Aggregate intrinsic value of RSU Awards / RSU MSPs	$ 0.1
Aggregate intrinsic value of RSU Awards outstanding	0.7
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	$ 0.1
Cash Settled Stock Unit Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSU outstanding | shares	67,109		50,907
Cash used to settle awards	$ 0.5
Accrued expenses and current liabilities for Cash Settled Stock Unit Awards	0.4		$ 0.6
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)	$ 0.4	$ 0.1

Share-Based Compensation (Sched

Share-Based Compensation (Schedule Of Estimated Weighted-Average Assumptions Of Stock Options) (Details)	3 Months Ended
	Mar. 31, 2019	Apr. 01, 2018
Share-based Compensation [Abstract]
Risk-free interest rate	2.60%	2.50%
Expected life	4 years 5 months 9 days	4 years 5 months 9 days
Expected stock volatility	38.10%	37.20%
Expected dividend yield	0.00%	0.00%

Share-Based Compensation CEO In

Share-Based Compensation CEO Inducement Stock Award (Details) - Stock Options [Member] - $ / shares	3 Months Ended
	Mar. 31, 2019	Apr. 01, 2018
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Stock options granted (in shares)	153,726	127,704
Grant Date Fair Value (in usd per share)	$ 11.84	$ 14.68

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Apr. 01, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of December 31, 2018	$ (69,739)
Foreign currency translation adjustments	(8,840)	$ 8,341
Interest rate swap adjustments (1)	(2,134)	$ 0
Other comprehensive income	(10,974)
Balance as of March 31, 2019	(80,713)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of December 31, 2018	(49,109)
Balance as of March 31, 2019	(57,949)
Pension, net
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of December 31, 2018	(19,114)
Pension, net	0
Balance as of March 31, 2019	(19,114)
Derivative
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of December 31, 2018	(1,516)
Balance as of March 31, 2019	$ (3,650)

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Apr. 01, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net loss	$ (4,633)	$ (17,441)
Basic Earnings Per Common Share (EPS), Shares	19,870,000	19,806,000
Basic EPS, Per Share Amount	$ (0.23)	$ (0.88)
Dilutive securities, common stock options, Shares	0	0
Dilutive securities, common stock options, Per Share Amount	$ 0	$ 0
Diluted EPS, Shares	19,870,000	19,806,000
Diluted EPS, Per Share Amount	$ (0.23)	$ (0.88)
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options and RSUs, shares	901,098
RSU Awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options and RSUs, shares		126,926