Circor International (CIR) 10-Q 13 Nov 19 2019 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended	12 Months Ended
	Sep. 29, 2019	Dec. 31, 2019	Oct. 25, 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	Sep. 29, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding			19,910,095

Document and Entity Informati_2

Document and Entity Information Document - shares	Aug. 30, 2019	Sep. 29, 2019	Dec. 31, 2019	Oct. 25, 2019
Cover page.
Document Type		10-Q
Document Quarterly Report		true
Document Period End Date		Sep. 29, 2019
Document Transition Report		false
Entity File Number		001-14962
Entity Registrant Name		CIRCOR INTERNATIONAL, INC
Entity Central Index Key		0001091883
Current Fiscal Year End Date			--12-31
Document Fiscal Year Focus		2019
Document Fiscal Period Focus		Q3
Amendment Flag		false
Entity Incorporation, State or Country Code		DE
Entity Tax Identification Number		04-3477276
Entity Address, City or Town	Burlington,
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	01803-4238
City Area Code		781
Local Phone Number		270-1200
Title of 12(b) Security		Common Stock, par value $0.01 per share
Trading Symbol		CIR
Security Exchange Name		NYSE
Entity Current Reporting Status		Yes
Entity Interactive Data Current		Yes
Entity Filer Category		Large Accelerated Filer
Entity Small Business		false
Entity Emerging Growth Company		false
Entity Shell Company		false
Entity Common Stock, Shares Outstanding				19,910,095

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 29, 2019	Dec. 31, 2018
CURRENT ASSETS:
Cash and cash equivalents	$ 69,225	$ 68,517
Trade accounts receivable, less allowance for doubtful accounts of $4,342 and $5,884 at September 29, 2019 and December 31, 2018, respectively		167,181
Inventories	151,744	143,682
Prepaid expenses and other current assets	89,854	71,428
Assets held for sale	29,935	197,238
Total Current Assets	481,875	648,046
PROPERTY, PLANT AND EQUIPMENT, NET	177,936	189,672
OTHER ASSETS:
Goodwill	360,304	450,605
Intangibles, net	392,515	440,281
Deferred income taxes	24,449	19,906
Assets held for sale	0	30,374
Other assets	31,052	12,728
TOTAL ASSETS	1,468,131	1,791,612
CURRENT LIABILITIES:
Accounts payable	90,293	94,715
Accrued expenses and other current liabilities	110,682	92,496
Accrued compensation and benefits	25,564	30,703
Current portion of long-term debt	0	7,850
Liabilities held for sale	17,674	58,298
Total Current Liabilities	244,213	284,062
LONG-TERM DEBT	640,884	778,187
DEFERRED INCOME TAXES	26,809	33,607
PENSION LIABILITY, NET	144,809	150,623
LIABILITIES HELD FOR SALE	0	861
OTHER NON-CURRENT LIABILITIES	36,028	15,279
SHAREHOLDERS’ EQUITY:
Preferred stock, $0.01 par value; 1,000,000 shares authorized; no shares issued and outstanding		0
Common stock, $0.01 par value; 29,000,000 shares authorized; 19,906,263 and 19,845,205 shares issued and outstanding at September 29, 2019 and December 31, 2018, respectively	212	212
Additional paid-in capital	445,305	440,890
Retained earnings	97,728	232,102
Common treasury stock, at cost (1,372,488 shares at September 29, 2019 and December 31, 2018)	(74,472)	(74,472)
Accumulated other comprehensive loss, net of tax	(93,385)	(69,739)
Total Shareholders’ Equity	375,388	528,993
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 1,468,131	$ 1,791,612

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 29, 2019	Dec. 31, 2018
Trade accounts receivable, allowance for doubtful accounts	$ 10,973	$ 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	19,906,263	19,845,205
Common Stock, Shares, Outstanding	19,906,263	19,845,205

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Net revenues	$ 237,052	$ 247,209	$ 721,675	$ 746,754
Cost of revenues	162,578	167,132	490,870	511,563
Gross profit	74,474	80,077	230,805	235,191
Selling, general and administrative expenses	60,039	68,544	190,227	211,909
Restructuring and Related Cost, Incurred Cost	23,519	2,988	19,893	11,924
Operating (loss), income	(9,084)	8,545	20,685	11,358
Other expense (income):
Interest expense, net	11,804	14,137	37,846	39,711
Other income, net	(759)	(1,580)	(2,755)	(7,079)
Total other expense, net	11,045	12,557	35,091	32,632
Loss from continuing operations before income taxes	(20,129)	(4,012)	(14,406)	(21,274)
Provision for (benefit from) income taxes	7,520	(45)	13,513	(4,434)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	(27,649)	(3,967)	(27,919)	(16,840)
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	$ (84,688)	(2,874)	(107,572)	(1,540)
Net loss		$ (6,841)	$ (135,491)	$ (18,380)
Basic earnings (loss) per common share:
Basic loss per common share:	$ (5.64)	$ (0.34)	$ (6.81)	$ (0.93)
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share	(4.25)	(0.14)	(5.41)
Income (Loss) from Continuing Operations, Per Basic Share	(1.39)	(0.20)	(1.40)
Diluted from continuing operations	(5.64)	(0.34)	(6.81)
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share	(4.25)	(0.14)	(5.41)	(0.08)
Income (Loss) from Continuing Operations, Per Diluted Share	$ (1.39)	$ (0.20)	$ (1.40)	$ (0.85)
Weighted average number of common shares outstanding:
Basic	19,916	19,843	19,898	19,829
Diluted	19,916	19,843	19,898	19,829
Retained Earnings [Member]
Other expense (income):
Net loss	$ (112,337)	$ (6,841)	$ (135,491)	$ (18,380)

Statements Of Consolidated Comp

Statements Of Consolidated Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net loss		$ (6,841)	$ (135,491)	$ (18,380)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	$ (7,164)	3,128	(16,882)	(15,380)
Interest rate swap adjustments (1)	(1,206)	2,224	(6,371)	3,449
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Plan Amendments, Tax Effect			(393)
Other Comprehensive Income (Loss), Net of Tax		1	(23,646)	1
Overstated (understated) comprehensive income	(8,370)	5,353	(23,646)	(11,930)
COMPREHENSIVE INCOME (LOSS)	$ (120,707)	$ (1,489)	$ (159,137)	$ (30,311)

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018
OPERATING ACTIVITIES
Net loss	$ (135,491)	$ (18,380)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	(107,572)	(1,540)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	(27,919)	(16,840)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	16,618	20,096
Amortization	36,023	36,805
Provision for bad debt expense	(469)	932
Loss on write down of inventory	301	2,556
Amortization of inventory step-up	0	6,600
Compensation expense for share-based plans	4,200	4,146
Amortization of debt issuance costs	3,669	2,852
Loss on sale or write-down of property, plant and equipment	(2,889)	1,366
Gain (Loss) on Disposition of Business	(2,707)	0
Changes in operating assets and liabilities, net of effects of acquisition and disposition:
Trade accounts receivable	17,413	5,520
Inventories	(11,724)	(2,903)
Prepaid expenses and other assets	(20,546)	(20,526)
Accounts payable, accrued expenses and other liabilities	(6,488)	(10,380)
Net Cash Provided by (Used in) Continuing Operations	16,674	30,224
Net Cash Provided by (Used in) Discontinued Operations	(17,585)	(6,761)
Net cash provided by operating activities	(911)	23,463
INVESTING ACTIVITIES
Additions to property, plant and equipment	(9,519)	(14,902)
Proceeds from the sale of property, plant and equipment	99	137
Goodwill, Purchase Accounting Adjustments	0	6,300
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	153,636	(8,465)
Cash Provided by (Used in) Investing Activities, Discontinued Operations	(2,435)	(2,058)
Net cash provided by (used in) investing activities	151,201	(10,523)
FINANCING ACTIVITIES
Proceeds from long-term debt	231,950	199,600
Payments of long-term debt	(379,897)	(186,874)
Proceeds from the exercise of stock options	106	690
Return of cash to Fluid Handling Seller	0	(61,201)
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	(147,841)	(47,785)
Net cash used in financing activities	(147,841)	(47,785)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(1,753)	(5,154)
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	696	(39,999)
Cash, cash equivalents, and restricted cash at beginning of period	69,525	112,293
Cash, cash equivalents, and restricted cash at end of period	70,221	72,294
Non-cash investing activities:
Purchases of property and equipment included in accounts payable and accrued expenses	1,236	1,574
Proceeds from Divestiture of Businesses	$ 163,056	$ 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)
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	(18,380)			(18,380)
Other comprehensive loss	1
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification					(11,930)
Overstated (understated) comprehensive income	(11,930)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		18,000
Stock Issued During Period, Value, Stock Options Exercised			690
Conversion of restricted stock units (shares)		41,000
Conversion of restricted stock units			270
Share-based plan compensation			4,303
BALANCE, Shares at March 31, 2019 at Sep. 30, 2018		19,844,000
BALANCE at March 31, 2019 at Sep. 30, 2018	574,171	$ 212	443,984	253,107	(48,660)	(74,472)
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)
BALANCE, Shares at March 31, 2019 at Dec. 31, 2018	19,845,205	19,845,000
BALANCE at March 31, 2019 at Dec. 31, 2018	$ 528,993	$ 212	440,890	232,102	(69,739)	(74,472)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative translation adjustment				(2,756)
BALANCE, Shares at March 31, 2019 at Jul. 01, 2018		19,836,000
BALANCE at March 31, 2019 at Jul. 01, 2018	573,992	$ 212	442,318	259,947	(54,013)	(74,472)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(6,841)			(6,841)
Other comprehensive loss	1
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification					5,353
Overstated (understated) comprehensive income	5,353
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		6,000
Stock Issued During Period, Value, Stock Options Exercised			250
Conversion of restricted stock units (shares)		2,000
Conversion of restricted stock units	(21)		(21)
Share-based plan compensation	1,437		1,437
BALANCE, Shares at March 31, 2019 at Sep. 30, 2018		19,844,000
BALANCE at March 31, 2019 at Sep. 30, 2018	$ 574,171	$ 212	443,984	253,107	(48,660)	(74,472)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity, Other				1
BALANCE, Shares at March 31, 2019 at Dec. 31, 2018	19,845,205	19,845,000
BALANCE at March 31, 2019 at Dec. 31, 2018	$ 528,993	$ 212	440,890	232,102	(69,739)	(74,472)
Cumulative Effect on Retained Earnings, Net of Tax	1,113
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(135,491)			(135,491)
Other comprehensive loss	(23,646)				(23,646)
Overstated (understated) comprehensive income	(23,646)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		3,000
Stock Issued During Period, Value, Stock Options Exercised			106
Conversion of restricted stock units (shares)		58,000
Conversion of restricted stock units	$ 270		(20)
Share-based plan compensation			4,361
BALANCE, Shares at March 31, 2019 at Sep. 29, 2019	19,906,263	19,906,000
BALANCE at March 31, 2019 at Sep. 29, 2019	$ 375,388	$ 212	445,305	97,728	(93,385)	(74,472)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity, Other				4
Stockholders' Equity, Period Increase (Decrease)				(28)
BALANCE, Shares at December 31, 2018 at Jun. 30, 2019		19,902,000
BALANCE at December 31, 2018 at Jun. 30, 2019	494,899	$ 212	444,109	210,065	(85,015)	(74,472)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss				(112,337)
Other comprehensive loss					(8,370)
Overstated (understated) comprehensive income	(8,370)
Stock Issued During Period, Value, Stock Options Exercised	$ (64)
Conversion of restricted stock units (shares)		4,000
Conversion of restricted stock units			63
Share-based plan compensation			1,229
BALANCE, Shares at March 31, 2019 at Sep. 29, 2019	19,906,263	19,906,000
BALANCE at March 31, 2019 at Sep. 29, 2019	$ 375,388	$ 212	$ 445,305	$ 97,728	$ (93,385)	$ (74,472)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other Additional Capital	$ (32)

Basis Of Presentation

Basis Of Presentation	9 Months Ended
	Sep. 29, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis Of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements of CIRCOR International, Inc. ("CIRCOR", the "Company", "us", "we" or "our") have been prepared according to the rules and regulations of the United States ("U.S.") Securities and Exchange Commission (“SEC”) for interim reporting, along with accounting principles generally accepted in the U.S ("GAAP"). In the opinion of management, the unaudited, condensed consolidated financial statements reflect all adjustments (consisting only of normal and recurring items) necessary for a fair statement of the Company’s results of operations, financial position and cash flows 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 condensed consolidated balance sheet as of December 31, 2018 was derived from our audited consolidated financial statements as of that date but does not contain all of the footnote disclosures from the annual financial statements. 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 and nine months ended September 29, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019 or any future quarter.

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	9 Months Ended
	Sep. 29, 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 and nine months ended September 29, 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") Accounting Standards Update ("ASU") 2016-02, Leases, and all related amendments ("ASC 842"), under the modified retrospective approach. Consequently, periods prior to January 1, 2019 are not restated for the adoption of ASC 842 . 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 5, Leases for further information.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 29, 2019
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations During the quarter ended September 29, 2019, the Company completed the disposition of its long-cycle upstream oil & gas Engineered Valves ("EV") business for $1.1 million (EUR 1 million ), with an earn out of 50 percent of net income over seven years up to a maximum of $20.6 million (EUR 18 million ). In addition, during the quarter the Company received approval from its Board of Directors to dispose of the Company’s Distributed Valves ("DV") business in a transaction or transfer to a third-party purchaser or purchasers. The Company has not yet secured a buyer for the DV business but has allocated internal resources to identify potential buyers and evaluate proposals. The Company anticipates completing the disposition within the next twelve months. These actions are consistent with the Company's strategic shift away from upstream oil and gas to focus on more attractive end markets. The EV and DV businesses met the conditions for discontinued operations as of September 29, 2019 and are recorded as such in the condensed consolidated financial statements. All prior period comparative financial information has been reclassified to conform to this presentation. These businesses were previously part of the Energy segment. The DV business met the held for sale requirements as of September 29, 2019. Upon classifying the DV business as held for sale, the Company was required in accordance with GAAP to measure the business at the lower of its carrying value or fair value less expected costs to sell. Through this process, the Company determined that the carrying value exceeded fair value as of September 29, 2019, and recognized a write-down of $64.0 million, consisting of goodwill impairment of $6.9 million, intangible asset impairment of $1.0 million and a valuation allowance of $56.1 million to adjust the remaining net assets of the business to its fair value less costs to sell. The Company calculated fair value of the DV business using an income approach based on the present value of projected future cash flows. This approach incorporates several assumptions including future growth rates, discount rates, income tax rates, and market activity in assessing fair value. Changes in economic and operating conditions impacting these assumptions could result in additional valuation adjustments in the future. The following table presents the summarized components of (loss) income from discontinued operations, for the EV and DV businesses for the three and nine-months ended September 29, 2019 and September 30, 2018 (in thousands): Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Net revenues $ 15,276 $ 50,305 $ 70,655 $ 127,708 Cost of revenues 18,533 45,305 77,846 113,267 Gross (loss) profit (3,257 ) 5,000 (7,191 ) 14,441 Selling, general and administrative expenses 2,271 5,562 11,464 17,433 Special and restructuring charges (recoveries), net 100,812 (233 ) 101,614 5,278 Operating loss (106,340 ) (329 ) (120,269 ) (8,270 ) Other (income): Interest (income), net (8 ) (37 ) (14 ) (55 ) Other (income), net (237 ) — (74 ) (122 ) Total other income, net (245 ) (37 ) (88 ) (177 ) Loss from discontinued operations, pre tax (106,095 ) (292 ) (120,181 ) (8,093 ) (Benefit from) provision for income tax (21,407 ) 2,582 (12,609 ) (6,553 ) Loss from discontinued operations, net of tax $ (84,688 ) $ (2,874 ) $ (107,572 ) $ (1,540 ) Special and restructuring charges (recoveries), net for the three and nine months ended September 29, 2019 include a $36.7 million loss on sale of the EV business, a $6.9 million impairment of goodwill associated with the DV business, a $1.0 million impairment of other intangible assets of the DV business and a $56.1 million adjustment to adjust the carrying value of the DV business's assets held for sale to fair value less expected costs to sell. The following table presents the balance sheet information for assets and liabilities held for sale as of September 29, 2019 and December 31, 2018 (in thousands): September 29, 2019 December 31, 2018 Trade accounts receivable, net $ 8,298 $ 28,712 Inventories 57,768 76,740 Prepaid expenses and other current assets 2,570 20,833 Property, plant, and equipment, net 11,316 24,669 Goodwill — 48,972 Intangibles — 18,230 Deferred tax asset — 9,380 Other assets 6,079 76 Valuation adjustment on classification to assets held for sale (56,096 ) — Total assets held for sale $ 29,935 $ 227,612 Accounts payable $ 9,355 $ 32,536 Accrued and other current liabilities 3,720 23,568 Other liabilities 4,599 3,055 Total liabilities held for sale $ 17,674 $ 59,159 The balance sheet information for assets and liabilities held for sale as of December 31, 2018 includes the balances of the Reliability Services business, which the Company divested in the first quarter of 2019. Included in the table above are assets of $83.4 million and liabilities of $11.1 million related to this business.

Revenue Recognition (Notes)

Revenue Recognition (Notes)	9 Months Ended
	Sep. 29, 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 September 29, 2019 , we had $425.5 million of revenue related to remaining unfulfilled performance obligations. We expect to recognize approximately 42 percent of our remaining performance obligations as revenue during the remainder of 2019, 44 percent in 2020, and the remaining 14 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 and nine months ended September 29, 2019 . Disaggregation of Revenue. The following tables present our revenue disaggregated by major product line and geographical market (in thousands): Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Energy Segment Oil & Gas - Upstream, Midstream & Other $ 12,810 $ 13,505 $ 41,708 $ 38,980 Oil & Gas - Downstream 43,025 57,213 142,756 167,110 Total 55,835 70,718 184,464 206,090 Aerospace & Defense Segment Commercial Aerospace & Other 28,640 28,571 86,467 81,420 Defense 38,981 29,186 107,088 92,314 Total 67,621 57,757 193,555 173,734 Industrial Segment Valves 30,124 29,404 90,993 87,544 Pumps 83,472 89,330 252,663 279,386 Total 113,596 118,734 343,656 366,930 Net Revenue $ 237,052 $ 247,209 $ 721,675 $ 746,754 Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Energy Segment EMEA $ 19,046 $ 21,178 $ 63,230 $ 60,731 North America 24,343 38,885 94,248 110,431 Other 12,446 10,655 26,986 34,928 Total 55,835 70,718 184,464 206,090 Aerospace & Defense Segment EMEA $ 18,309 $ 17,288 $ 52,875 $ 48,144 North America 44,807 39,066 123,685 112,560 Other 4,505 1,403 16,995 13,030 Total 67,621 57,757 193,555 173,734 Industrial Segment EMEA $ 53,297 $ 56,090 $ 159,473 $ 179,379 North America 37,654 38,206 114,323 112,818 Other 22,645 24,438 69,860 74,733 Total 113,596 118,734 343,656 366,930 Net Revenue $ 237,052 $ 247,209 $ 721,675 $ 746,754 Contract Balances. The Company’s contract assets and contract liabilities balances as of December 31, 2018 and September 29, 2019 are as follows (in thousands): December 31, 2018 September 29, 2019 Increase/(Decrease) Trade accounts receivables, net $ 167,181 $ 141,117 $ (26,064 ) Contract assets (1) 46,912 62,613 15,701 Contract liabilities (2) 41,951 45,174 3,223 (1) Recorded within prepaid expenses and other current assets. (2) Recorded within accrued expenses and other current liabilities. Trade accounts receivable, net decreased by $26.1 million as of September 29, 2019 , primarily due to the timing of cash collections during the nine months ended September 29, 2019 . Contract assets increased by $15.7 million, or 33%, to $62.6 million primarily driven by unbilled revenue recognized during the nine months ended September 29, 2019 within our Pumps business (+21%), Refinery Valves business (+10%) and U.S. Defense business (+10%). Contract liabilities increased by $ 3.2 million , or 8%, to $ 45.2 million as of September 29, 2019 , primarily driven by timing of revenue recognized over time during the nine months ended September 29, 2019

Leases

Leases	9 Months Ended
	Sep. 29, 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 available information at the commencement date. As of September 29, 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 rates. Additionally, we perform 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 September 29, 2019 is as follows (in thousands): Leases Assets Operating Finance Gross ROU Assets (1) $ 20,221 $ 2,842 Less: Accumulated Amortization (3,557 ) (246 ) Net ROU Assets $ 16,664 $ 2,596 Liabilities Operating Finance Current (2) $ 3,910 $ 403 Non-current (3) 12,984 2,252 Total Lease Liabilities $ 16,894 $ 2,655 (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): Three Months Ended Nine Months Ended Lease Costs September 29, 2019 September 29, 2019 Operating lease cost (1) $ 1,578 $ 4,211 Finance lease cost Amortization of leased assets (2) 78 174 Interest on lease liabilities (3) 15 25 Total finance lease costs 93 199 Total lease cost $ 1,671 $ 4,410 (1) Operating lease costs are recorded within selling, general and administrative expenses or cost of revenue within the condensed consolidated statements of (loss) income depending upon the nature of the underlying lease. (2) Finance lease amortization costs are recorded in selling, general and administrative expenses within the condensed consolidated statements of (loss) income. (3) Finance lease interest costs are recorded in interest expense, net within the condensed consolidated statements of (loss) income. Short-term lease expense and variable lease cost for the three and nine months ended September 29, 2019 were not significant. 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 Finance Total 2019 $ 1,594 $ 101 $ 1,695 2020 4,403 404 4,807 2021 3,377 404 3,781 2022 2,521 392 2,913 2023 1,966 392 2,358 After 2023 5,158 1,187 6,345 Less: Interest (2,125 ) (225 ) (2,350 ) Present value of lease liabilities $ 16,894 $ 2,655 $ 19,549 The weighted average remaining lease term and discount rates are as follows: Lease Term and Discount Rate September 29, 2019 Weighted average remaining lease term (years) Operating leases 6.2 Finance leases 7.3 Weighted average discount rate (percentage) Operating leases 4.4 % Finance leases 2.0 % Supplemental cash flow information related to leases are as follows (in thousands): Other Information September 29, 2019 Operating Activities Noncash lease expense on operating ROU assets $ (16,664 ) Amortization expense on finance ROU assets 174 Change in total operating lease liabilities 16,894 Principal paid on operating lease liabilities (3,767 ) Total Operating Activities $ (3,363 ) Financing Activities Principal paid on finance lease liabilities $ (183 ) Supplemental Interest Paid on finance lease liabilities $ 24 As of September 29, 2019 , the Company has not entered into any lease agreements with related parties. 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 $ 6,296 $ 4,079 $ 2,740 $ 1,595 $ 914 $ 946
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 available information at the commencement date. As of September 29, 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 rates. Additionally, we perform 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 September 29, 2019 is as follows (in thousands): Leases Assets Operating Finance Gross ROU Assets (1) $ 20,221 $ 2,842 Less: Accumulated Amortization (3,557 ) (246 ) Net ROU Assets $ 16,664 $ 2,596 Liabilities Operating Finance Current (2) $ 3,910 $ 403 Non-current (3) 12,984 2,252 Total Lease Liabilities $ 16,894 $ 2,655 (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): Three Months Ended Nine Months Ended Lease Costs September 29, 2019 September 29, 2019 Operating lease cost (1) $ 1,578 $ 4,211 Finance lease cost Amortization of leased assets (2) 78 174 Interest on lease liabilities (3) 15 25 Total finance lease costs 93 199 Total lease cost $ 1,671 $ 4,410 (1) Operating lease costs are recorded within selling, general and administrative expenses or cost of revenue within the condensed consolidated statements of (loss) income depending upon the nature of the underlying lease. (2) Finance lease amortization costs are recorded in selling, general and administrative expenses within the condensed consolidated statements of (loss) income. (3) Finance lease interest costs are recorded in interest expense, net within the condensed consolidated statements of (loss) income. Short-term lease expense and variable lease cost for the three and nine months ended September 29, 2019 were not significant. 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 Finance Total 2019 $ 1,594 $ 101 $ 1,695 2020 4,403 404 4,807 2021 3,377 404 3,781 2022 2,521 392 2,913 2023 1,966 392 2,358 After 2023 5,158 1,187 6,345 Less: Interest (2,125 ) (225 ) (2,350 ) Present value of lease liabilities $ 16,894 $ 2,655 $ 19,549 The weighted average remaining lease term and discount rates are as follows: Lease Term and Discount Rate September 29, 2019 Weighted average remaining lease term (years) Operating leases 6.2 Finance leases 7.3 Weighted average discount rate (percentage) Operating leases 4.4 % Finance leases 2.0 % Supplemental cash flow information related to leases are as follows (in thousands): Other Information September 29, 2019 Operating Activities Noncash lease expense on operating ROU assets $ (16,664 ) Amortization expense on finance ROU assets 174 Change in total operating lease liabilities 16,894 Principal paid on operating lease liabilities (3,767 ) Total Operating Activities $ (3,363 ) Financing Activities Principal paid on finance lease liabilities $ (183 ) Supplemental Interest Paid on finance lease liabilities $ 24 As of September 29, 2019 , the Company has not entered into any lease agreements with related parties. 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 $ 6,296 $ 4,079 $ 2,740 $ 1,595 $ 914 $ 946

Special Charges_Recoveries

Special Charges/Recoveries	9 Months Ended
	Sep. 29, 2019
Restructuring and Related Activities [Abstract]
Special Charges/Recoveries	Special and Restructuring Charges, net Special and restructuring 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 charges, net on our condensed consolidated statements of (loss) income. Certain other special and restructuring charges such as inventory related items may be recorded in cost of revenues given the nature of the item. The table below (in thousands) summarizes the amounts recorded within the special and restructuring charges, net line item on the condensed consolidated statements of (loss) income for the three and nine months ended September 29, 2019 and September 30, 2018 : Special & restructuring charges, net Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Special charges, net $ 18,481 $ 1,898 $ 14,198 $ 5,922 Restructuring charges, net 5,038 1,090 5,695 6,002 Total special and restructuring charges, net $ 23,519 $ 2,988 $ 19,893 $ 11,924 Special charges (recoveries), net The table below (in thousands) outlines the special charges (recoveries), net recorded for the three and nine months ended September 29, 2019 : Special charges (recoveries), net For the three months ended September 29, 2019 Energy Aerospace & Defense Industrial Corporate Total Business sales $ 1,859 $ — $ 9,785 $ — $ 11,644 Professional fees to review and respond to an unsolicited tender offer to acquire the Company — — — 3,953 3,953 Other cost savings initiatives 2,085 — — 799 2,884 Total special charges (recoveries), net $ 3,944 $ — $ 9,785 $ 4,752 $ 18,481 Special charges (recoveries), net For the nine months ended September 29, 2019 Energy Aerospace & Defense Industrial Corporate Total Business sales $ (5,868 ) $ — $ 9,938 $ 286 $ 4,356 Professional fees to review and respond to an unsolicited tender offer to acquire the Company — — — 6,028 6,028 Other cost savings initiatives 2,085 — — 1,729 3,814 Total special (recoveries) charges, net $ (3,783 ) $ — $ 9,938 $ 8,043 $ 14,198 Business sales: The Company incurred net special charges of $ 11.6 million and $ 4.4 million for the three and nine months ended September 29, 2019, respectively, attributed to the sale of our Reliability Services, Spence Engineering and Rosscor businesses. The Company announced the divestitures of these businesses as follows: Spence Engineering Company ("Spence") and Leslie Controls ("Leslie") in August 2019, Reliability Services in January 2019, and our Rosscor B.V. and SES International B.V. subsidiaries (the "Delden Business" or "Rosscor") in November 2018. During the quarter ended September 29, 2019, we received cash proceeds of $84.6 million and recognized a loss on sale of $8.2 million related to the Spence divestiture. The Energy segment incurred $1.5 million of 2019 operating expenses associated with the Reliability Services business, which are presented net within Energy's business sales recoveries line for the nine months ended September 29, 2019. Professional fees: The Company incurred special charges of $4.0 million and $6.0 million for the three and nine months ended September 29, 2019, respectively, associated with the review and response to an unsolicited tender offer to acquire the Company. Other cost savings initiatives: The Company incurred special charges of $2.9 million and $3.8 million for the three and nine months ended September 29, 2019, respectively, associated with projects to streamline operations and reduce costs. The table below (in thousands) outlines the special charges, net recorded for the three and nine months ended September 30, 2018 : Special Charges, net For the three months ended September 30, 2018 Energy Aerospace & Defense Industrial Corporate Total Acquisition related charges $ — $ — $ — $ 1,210 $ 1,210 Other 490 — — — 490 Brazil closure 198 — — — 198 Total special charges, net $ 688 $ — $ — $ 1,210 $ 1,898 Special Charges, net For the nine months ended September 30, 2018 Energy Aerospace & Defense Industrial Corporate Total Acquisition related charges $ — $ — $ — $ 4,665 $ 4,665 Other 527 — — — 527 Brazil closure 730 — — — 730 Total special charges, net $ 1,257 $ — $ — $ 4,665 $ 5,922 Acquisition related charges: • On December 11, 2017, we acquired the fluid handing business of Colfax Corporation ("FH"). In connection with our acquisition, we recorded $1.2 million and $4.7 million during the three and nine months ended September 30, 2018, respectively, related to internal costs and external professional fees to separate the FH business from Colfax and integrate the FH business into our legacy structure. • 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 $0.2 million and $0.7 million of charges within the Energy segment during the three and nine months ended September 30, 2018 , respectively, which relates to losses incurred subsequent to our closure of manufacturing operations during the first quarter of 2016. Restructuring charges, net The tables below (in thousands) outline the charges associated with restructuring actions recorded for the three and nine months ended September 29, 2019 and September 30, 2018 . A description of the restructuring actions is provided in the section titled "Restructuring Programs Summary" below. Restructuring charges, net As of and for the three months ended September 29, 2019 Energy Aerospace & Defense Industrial Corporate Total Facility related expenses $ 209 $ 62 $ 749 $ — $ 1,020 Employee related expenses, net — — 4,018 — 4,018 Total restructuring charges, net $ 209 $ 62 $ 4,767 $ — $ 5,038 Accrued restructuring charges as of June 30, 2019 $ 491 Total quarter to date charges, net (shown above) 5,038 Charges paid / settled, net (707 ) Accrued restructuring charges as of September 29, 2019 $ 4,822 Restructuring charges, net As of and for the nine months ended September 29, 2019 Energy Aerospace & Defense Industrial Corporate Total Facility related expenses $ 312 $ 279 $ 749 $ — $ 1,340 Employee related expenses, net 17 (3 ) 4,341 — 4,355 Total restructuring charges, net $ 329 $ 276 $ 5,090 $ — $ 5,695 Accrued restructuring charges as of December 31, 2018 $ 874 Total year to date charges, net (shown above) 5,695 Charges paid / settled, net (1,747 ) Accrued restructuring charges as of September 29, 2019 $ 4,822 We expect to make payment or settle the majority of the restructuring charges accrued as of September 29, 2019 during the fourth quarter of 2019. Restructuring charges, net As of and for the three months ended September 30, 2018 Energy Aerospace & Defense Industrial Corporate Total Facility related expenses $ 619 $ 60 $ — $ — $ 679 Employee related expenses 131 — 280 — 411 Total restructuring charges, net $ 750 $ 60 $ 280 $ — $ 1,090 Accrued restructuring charges as of July 1, 2018 $ 785 Total quarter to date charges, net (shown above) 1,090 Charges paid / settled, net (1,345 ) Accrued restructuring charges as of September 30, 2018 $ 530 Restructuring charges, net As of and for the nine months ended September 30, 2018 Energy Aerospace & Defense Industrial Corporate Total Facility related expenses $ (2,812 ) $ 190 $ — $ — $ (2,622 ) Employee related expenses 7,135 — 1,489 — 8,624 Total restructuring charges, net $ 4,323 $ 190 $ 1,489 $ — $ 6,002 Accrued restructuring charges as of December 31, 2017 $ 883 Total year to date charges, net (shown above) 6,002 Charges paid / settled, net (6,355 ) Accrued restructuring charges as of September 30, 2018 $ 530

Inventories

Inventories	9 Months Ended
	Sep. 29, 2019
Inventory, Net [Abstract]
Inventories	Inventories Inventories consisted of the following (in thousands): September 29, 2019 December 31, 2018 Raw materials $ 73,568 $ 66,391 Work in process 53,127 58,911 Finished goods 25,049 18,380 Total inventories $ 151,744 $ 143,682

Goodwill And Intangible Assets

Goodwill And Intangible Assets	9 Months Ended
	Sep. 29, 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 September 29, 2019 (in thousands): Energy Aerospace & Defense Industrial Total Goodwill as of December 31, 2018 $ 96,272 $ 57,418 $ 296,915 $ 450,605 Spence divestiture — — (85,474 ) (85,474 ) Currency translation adjustments (6,794 ) (67 ) 2,034 (4,827 ) Goodwill as of September 29, 2019 $ 89,478 $ 57,351 $ 213,475 $ 360,304 The table below presents gross intangible assets and the related accumulated amortization as of September 29, 2019 (in thousands): Gross Carrying Amount Accumulated Amortization Net Carrying Value Patents $ 5,399 $ (5,399 ) $ — Customer relationships 295,833 (72,217 ) 223,616 Backlog 22,407 (22,312 ) 95 Acquired technology 133,348 (39,183 ) 94,165 Other 398 (398 ) — Total Amortized Assets $ 457,385 $ (139,509 ) $ 317,876 Non-amortized intangibles (primarily trademarks and trade names) $ 74,639 $ — $ 74,639 Total Non-Amortized Intangibles $ 74,639 $ — $ 74,639 Net carrying value of intangible assets $ 392,515 The table below presents estimated remaining amortization expense for intangible assets recorded as of September 29, 2019 (in thousands): 2019 2020 2021 2022 2023 After 2023 Estimated amortization expense $ 11,919 $ 43,242 $ 41,525 $ 36,534 $ 32,026 $ 152,630

Segment Information

Segment Information	9 Months Ended
	Sep. 29, 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 serves as the basis 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 Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Net revenues Energy $ 55,835 $ 70,718 $ 184,464 $ 206,090 Aerospace & Defense 67,621 57,757 193,555 173,734 Industrial 113,596 118,734 343,656 366,930 Consolidated net revenues $ 237,052 $ 247,209 $ 721,675 $ 746,754 Results from continuing operations before income taxes Energy - Segment Operating Income $ 5,286 $ 9,726 $ 23,607 $ 26,044 Aerospace & Defense - Segment Operating Income 13,564 8,709 33,382 24,631 Industrial - Segment Operating Income 13,953 14,609 40,878 42,592 Corporate expenses (7,209 ) (8,034 ) (20,250 ) (22,284 ) Segment Operating Income 25,594 25,010 77,617 70,983 Restructuring charges, net 5,038 1,090 5,695 6,002 Special charges, net 18,481 1,898 14,198 5,922 Special and restructuring charges, net 23,519 2,988 19,893 11,924 Restructuring related inventory charges (1,145 ) — (819 ) 488 Amortization of inventory step-up — — — 6,600 Acquisition amortization 11,202 11,734 34,527 35,299 Acquisition depreciation 1,102 1,743 3,331 5,314 Acquisition amortization and other costs, net 11,159 13,477 37,039 47,701 Consolidated Operating (Loss) Income (9,084 ) 8,545 20,685 11,358 Interest expense, net 11,804 14,137 37,846 39,711 Other income, net (759 ) (1,580 ) (2,755 ) (7,079 ) Loss from continuing operations before income taxes $ (20,129 ) $ (4,012 ) $ (14,406 ) $ (21,274 ) Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Capital expenditures Energy $ 487 $ 1,842 $ 1,686 $ 4,724 Aerospace & Defense 1,826 1,320 3,204 3,161 Industrial 1,602 910 3,968 6,760 Corporate 222 187 877 574 Consolidated capital expenditures $ 4,137 $ 4,259 $ 9,735 $ 15,219 Depreciation and amortization Energy $ 2,755 $ 3,390 $ 8,440 $ 10,364 Aerospace & Defense 3,145 2,716 8,579 8,244 Industrial 11,149 12,337 35,033 37,158 Corporate 131 171 416 592 Consolidated depreciation and amortization $ 17,180 $ 18,614 $ 52,468 $ 56,358 Identifiable assets September 29, 2019 September 30, 2018 Energy $ 499,463 $ 905,708 Aerospace & Defense 436,120 642,431 Industrial 1,391,897 1,020,849 Corporate (859,349 ) (756,138 ) Consolidated identifiable assets $ 1,468,131 $ 1,812,850 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 $12.8 million and $28.2 million as of September 29, 2019 and September 30, 2018 , respectively.

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 29, 2019
Fair Value Disclosures [Abstract]
Financial Instruments	Financial Instruments 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 September 29, 2019 are summarized in the table below (in thousands): Significant Other Observable Inputs Derivative assets $ 4,345 Derivative liabilities $ (10,160 ) 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 September 29, 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. As of September 29, 2019 and December 31, 2018, the Company had restricted cash balances of $1.0 million and $2.3 million, respectively. These balances are recorded within prepaid and other current assets on the condensed consolidated balance sheets, and are included within cash, cash equivalents and restricted cash in the condensed consolidated statements of cash flows. During the third quarter of 2019, the Company entered into a receivables purchasing agreement with a bank whereby the Company can sell selected account receivables and receive 90% of the purchase price upfront, net of applicable discount fee, and the remaining 10% as the receivables are collected. During the quarter, the Company sold a total of $13.5 million in receivables under the program, receiving $12.1 million in cash. The outstanding purchase price component of $1.4 million was recorded in prepaid expenses and other current assets on the condensed consolidated balance sheet at September 29, 2019. Effective July 12, 2019, the Company entered into a cross-currency swap ("cross-currency swap") agreement to hedge its net investment in non-U.S. subsidiaries against future volatility in exchange rates between the U.S. dollar and the Euro. The cross-currency swap agreement is pursuant to an ISDA Master Agreement with Deutsche Bank AG. The three-year cross-currency swap has a fixed notional value of $100.0 million at an annual rate of 2.4065% and a maturity date of July 12, 2022. At inception, the cross-currency swap was designated as a net investment hedge. This hedging agreement was entered into to mitigate foreign currency exchange rate exposure, and is not for speculative trading purposes. The net investment hedge was deemed effective as of quarter-end. 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 aggregate net fair value of the interest rate swap and cross-currency swap was $ (5.8) million . These balances are recorded in other long-term liabilities of $6.5 million , accrued expenses and other current liabilities of $3.7 million , other current assets of $2.6 million and long-term deferred tax asset of $1.7 million on our condensed consolidated balance sheet as of September 29, 2019 . The unrealized gains or (losses) recognized in other comprehensive income (loss), net of tax, were $ 2.2 million and $(5.0) million for the three and nine months ended September 29, 2019 , respectively. The realized loss of $0.4 million and $0.8 million was reclassified from other comprehensive income (loss) to interest expense as interest expense was accrued on the swap during the three and nine months ended September 29, 2019 , respectively. Amounts expected to be reclassified from other comprehensive income into interest expense in the coming 12 months is a loss of $3.7 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 $6.2 million and $18.6 million for the three and nine months ended September 29, 2019 , respectively.

Guarantees And Indemnification

Guarantees And Indemnification Obligations	9 Months Ended
	Sep. 29, 2019
Guarantees And Indemnification Obligations [Abstract]
Guarantees And Indemnification Obligations	) Guarantees and Indemnification Obligations As permitted under Delaware law, we have agreements whereby we indemnify certain of our officers and directors for certain events or occurrences while the officer or director is, or was, serving at our request in such capacity. The term of the indemnification period is for the officer’s or director’s lifetime. The maximum potential amount of future payments we could be required to make under these indemnification agreements is unlimited. However, we have directors’ and officers’ liability insurance policies that insure us with respect to certain events covered under the policies and should enable us to recover a portion of any future amounts paid under the indemnification agreements. We have no liabilities recorded from those agreements as of September 29, 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 nine months ended September 29, 2019 (in thousands): Balance beginning December 31, 2018 $ 2,980 Provisions 2,204 Claims settled (2,361 ) Currency translation adjustment (54 ) Balance ending September 29, 2019 $ 2,769 Warranty obligations were $3.0 million as of December 31, 2018 and $2.8 million as of September 29, 2019

Contingencies And Commitments

Contingencies And Commitments	9 Months Ended
	Sep. 29, 2019
Commitments and Contingencies Disclosure [Abstract]
Contingencies And Commitments	(12) 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 made the 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 $44.5 million at September 29, 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 September 29, 2019 . The following table contains information related to standby letters of credit instruments outstanding as of September 29, 2019 (in thousands): Term Remaining Maximum Potential Future Payments 0–12 months $ 33,175 Greater than 12 months 11,281 Total $ 44,456

Retirement Plans

Retirement Plans	9 Months Ended
	Sep. 29, 2019
Retirement Benefits, Description [Abstract]
Retirement Plans	(13) 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 Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Pension Benefits - U.S. Plans Service cost $ — $ — $ — $ — Interest cost 1,967 1,762 5,901 5,285 Expected return on plan assets (2,742 ) (3,771 ) (8,226 ) (11,313 ) Amortization 129 146 388 439 Net periodic benefit income $ (646 ) $ (1,863 ) $ (1,937 ) $ (5,589 ) Pension Benefits - Non-U.S. Plans Service cost $ 680 $ 736 $ 2,062 $ 2,271 Interest cost 539 523 1,643 1,617 Expected return on plan assets (235 ) (243 ) (726 ) (755 ) Amortization 4 — 13 — Net periodic benefit cost $ 988 $ 1,016 $ 2,992 $ 3,133 Other Post-Retirement Benefits Service cost $ — $ — $ — $ 1 Interest cost 93 86 280 259 Amortization — — — — Net periodic benefit cost $ 93 $ 86 $ 280 $ 260 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) income for the three months ended September 29, 2019 and September 30, 2018 , respectively. There were no employer contributions to the Company's U.S. and non- U.S. based pension plans during the three and nine months ended September 29, 2019 .

Income Taxes

Income Taxes	9 Months Ended
	Sep. 29, 2019
Income Tax Disclosure [Abstract]
Income Taxes	(14) Income Taxes As of September 29, 2019 and December 31, 2018, we had $0.6 million and $0.6 million , respectively, of unrecognized tax benefits, 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 2016 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 U.S. and foreign deferred income tax assets, we maintained a valuation allowance of $17.5 million at September 29, 2019 and $ 17.6 million

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 29, 2019
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share-Based Compensation	(15) Share-Based Compensation As of September 29, 2019 , the Company had 722,683 stock options and 402,591 Restricted Stock Unit Awards ("RSU Awards") and Restricted Stock Unit Management Stock Plan Awards ("RSU MSPs") outstanding. On May 9, 2019, our shareholders approved the 2019 Stock Option and Incentive Plan (the "2019 Plan") at the Company's annual meeting which was adopted, subject to shareholder approval, by the Company's board of directors on February 20, 2019. The 2019 Plan authorizes issuance of up to 1,000,000 shares of common stock (subject to adjustment for stock splits and similar events). Under the 2019 Plan, there were 955,522 shares available for grant as of September 29, 2019 . During the nine months ended September 29, 2019 , we granted 153,726 stock options compared with 127,704 stock options granted during the nine months ended September 30, 2018 . The average fair value of stock options granted during the first nine months of 2019 and 2018 was $11.84 and $14.68 per share, respectively, and was estimated using the following weighted-average assumptions: September 29, 2019 September 30, 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 nine months ended September 29, 2019 and September 30, 2018 , we granted 201,313 and 160,604 RSU Awards with approximate fair values of $32.73 and $43.11 per RSU Award, respectively. During the first nine months of 2019 and 2018 , we granted performance-based RSU Awards as part of the overall mix of RSU Awards. Of the 201,313 RSU Awards granted during the nine months ended September 29, 2019 , 67,362 are performance-based RSU Awards. This compares to 48,080 performance-based RSU Awards granted during the nine months ended September 30, 2018 . 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 and prior years, 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 different performance-based RSU tranches, the Company anticipates approximately 80% overall achievement and probability to vest. 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 nine months ended September 29, 2019 and September 30, 2018 , respectively. Compensation expense related to our share-based plans for the nine months ended September 29, 2019 and September 30, 2018 was $4.2 million and $4.1 million , respectively. Compensation expense for both periods was recorded in selling, general and administrative expenses. As of September 29, 2019 , there were $10.0 million of total unrecognized compensation costs related to our outstanding share-based compensation arrangements. That cost is expected to be recognized over a weighted average period of 2.0 years. The weighted average contractual term for stock options outstanding and options exercisable as of September 29, 2019 was 4.3 years and 3.5 years, respectively. The aggregate intrinsic value of stock options exercised during the nine months ended September 29, 2019 was $0.0 million and the aggregate intrinsic value of stock options outstanding and options exercisable as of September 29, 2019 was $0.6 million and $0.0 million , respectively. The aggregate intrinsic value of RSU Awards settled during the nine months ended September 29, 2019 was $1.9 million and the aggregate intrinsic value of RSU Awards outstanding and RSU Awards vested and deferred as of September 29, 2019 was $11.0 million and $0.2 million , respectively. The aggregate intrinsic value of RSU MSPs settled during the nine months ended September 29, 2019 was less than $0.1 million and the aggregate intrinsic value of RSU MSPs outstanding and RSU MSPs vested and deferred as of September 29, 2019 was $1.1 million and $0.0 million , respectively. International participants are issued Cash Settled Stock Unit Awards. As of September 29, 2019 , there were 47,997 Cash Settled Stock Unit Awards outstanding compared to 50,907 as of December 31, 2018. During the nine months ended September 29, 2019 , the aggregate cash used to settle Cash Settled Stock Unit Awards was $0.9 million . As of September 29, 2019 , we had $0.7 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 nine months ended September 29, 2019 and September 30, 2018 were $1.1 million and $0.6 million , respectively. For the nine months ended September 29, 2019 , $0.7 million was recorded as selling, general, and administrative expenses and $0.3 million was recorded as special charges related to the sale of our Pibiviesse Srl entity. The special charge amount related to the accelerated vesting of awards as a result of the transaction. For the nine months ended September 30, 2018 , compensation costs for Cash Settled Stock Unit Awards were recorded entirely in selling, general, and administrative expense.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 29, 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 nine months ended September 29, 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 loss (16,882 ) (393 ) (6,371 ) (23,646 ) Balance as of September 29, 2019 $ (65,991 ) $ (19,507 ) $ (7,887 ) $ (93,385 ) 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 FH acquisition. This error impacts other comprehensive income. Specifically, other comprehensive income (loss) was overstated by $5.4 and $2.2 million for the first quarter and fiscal 2018, respectively, and was understated by $2.2 million for first quarter of 2019. The Company has determined that these adjustments were not material to the current or prior periods, or the forecasted 2019 results. These items were immaterial and were adjusted for during the first quarter of 2019. The quarterly impact ($ 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	9 Months Ended
	Sep. 29, 2019
Earnings Per Share [Abstract]
Earnings Per Common Share	(17) Loss Per Common Share ("EPS") Stock options, RSU Awards, and RSU MSPs covering 440,780 and 371,017 shares of common stock for the nine months ended September 29, 2019 and September 30, 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)	9 Months Ended
	Sep. 29, 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 and nine months ended September 29, 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") Accounting Standards Update ("ASU") 2016-02, Leases, and all related amendments ("ASC 842"), under the modified retrospective approach. Consequently, periods prior to January 1, 2019 are not restated for the adoption of ASC 842 . 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 5, Leases for further information.

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 29, 2019
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following table presents the summarized components of (loss) income from discontinued operations, for the EV and DV businesses for the three and nine-months ended September 29, 2019 and September 30, 2018 (in thousands): Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Net revenues $ 15,276 $ 50,305 $ 70,655 $ 127,708 Cost of revenues 18,533 45,305 77,846 113,267 Gross (loss) profit (3,257 ) 5,000 (7,191 ) 14,441 Selling, general and administrative expenses 2,271 5,562 11,464 17,433 Special and restructuring charges (recoveries), net 100,812 (233 ) 101,614 5,278 Operating loss (106,340 ) (329 ) (120,269 ) (8,270 ) Other (income): Interest (income), net (8 ) (37 ) (14 ) (55 ) Other (income), net (237 ) — (74 ) (122 ) Total other income, net (245 ) (37 ) (88 ) (177 ) Loss from discontinued operations, pre tax (106,095 ) (292 ) (120,181 ) (8,093 ) (Benefit from) provision for income tax (21,407 ) 2,582 (12,609 ) (6,553 ) Loss from discontinued operations, net of tax $ (84,688 ) $ (2,874 ) $ (107,572 ) $ (1,540 ) Special and restructuring charges (recoveries), net for the three and nine months ended September 29, 2019 include a $36.7 million loss on sale of the EV business, a $6.9 million impairment of goodwill associated with the DV business, a $1.0 million impairment of other intangible assets of the DV business and a $56.1 million adjustment to adjust the carrying value of the DV business's assets held for sale to fair value less expected costs to sell. The following table presents the balance sheet information for assets and liabilities held for sale as of September 29, 2019 and December 31, 2018 (in thousands): September 29, 2019 December 31, 2018 Trade accounts receivable, net $ 8,298 $ 28,712 Inventories 57,768 76,740 Prepaid expenses and other current assets 2,570 20,833 Property, plant, and equipment, net 11,316 24,669 Goodwill — 48,972 Intangibles — 18,230 Deferred tax asset — 9,380 Other assets 6,079 76 Valuation adjustment on classification to assets held for sale (56,096 ) — Total assets held for sale $ 29,935 $ 227,612 Accounts payable $ 9,355 $ 32,536 Accrued and other current liabilities 3,720 23,568 Other liabilities 4,599 3,055 Total liabilities held for sale $ 17,674 $ 59,159 The balance sheet information for assets and liabilities held for sale as of December 31, 2018 includes the balances of the Reliability Services business, which the Company divested in the first quarter of 2019. Included in the table above are assets of $83.4 million and liabilities of $11.1 million related to this business.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 29, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Energy Segment Oil & Gas - Upstream, Midstream & Other $ 12,810 $ 13,505 $ 41,708 $ 38,980 Oil & Gas - Downstream 43,025 57,213 142,756 167,110 Total 55,835 70,718 184,464 206,090 Aerospace & Defense Segment Commercial Aerospace & Other 28,640 28,571 86,467 81,420 Defense 38,981 29,186 107,088 92,314 Total 67,621 57,757 193,555 173,734 Industrial Segment Valves 30,124 29,404 90,993 87,544 Pumps 83,472 89,330 252,663 279,386 Total 113,596 118,734 343,656 366,930 Net Revenue $ 237,052 $ 247,209 $ 721,675 $ 746,754 Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Energy Segment EMEA $ 19,046 $ 21,178 $ 63,230 $ 60,731 North America 24,343 38,885 94,248 110,431 Other 12,446 10,655 26,986 34,928 Total 55,835 70,718 184,464 206,090 Aerospace & Defense Segment EMEA $ 18,309 $ 17,288 $ 52,875 $ 48,144 North America 44,807 39,066 123,685 112,560 Other 4,505 1,403 16,995 13,030 Total 67,621 57,757 193,555 173,734 Industrial Segment EMEA $ 53,297 $ 56,090 $ 159,473 $ 179,379 North America 37,654 38,206 114,323 112,818 Other 22,645 24,438 69,860 74,733 Total 113,596 118,734 343,656 366,930 Net Revenue $ 237,052 $ 247,209 $ 721,675 $ 746,754 Contract Balances. The Company’s contract assets and contract liabilities balances as of December 31, 2018 and September 29, 2019 are as follows (in thousands): December 31, 2018 September 29, 2019 Increase/(Decrease) Trade accounts receivables, net $ 167,181 $ 141,117 $ (26,064 ) Contract assets (1) 46,912 62,613 15,701 Contract liabilities (2) 41,951 45,174 3,223 (1) Recorded within prepaid expenses and other current assets. (2) Recorded within accrued expenses and other current liabilities. Trade accounts receivable, net decreased by $26.1 million as of September 29, 2019 , primarily due to the timing of cash collections during the nine months ended September 29, 2019 . Contract assets increased by $15.7 million, or 33%, to $62.6 million primarily driven by unbilled revenue recognized during the nine months ended September 29, 2019 within our Pumps business (+21%), Refinery Valves business (+10%) and U.S. Defense business (+10%). Contract liabilities increased by $ 3.2 million , or 8%, to $ 45.2 million as of September 29, 2019 , primarily driven by timing of revenue recognized over time during the nine months ended September 29, 2019

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 29, 2019
Leases [Abstract]
Balance Sheet Impact of Leases	The balance sheet impact at September 29, 2019 is as follows (in thousands): Leases Assets Operating Finance Gross ROU Assets (1) $ 20,221 $ 2,842 Less: Accumulated Amortization (3,557 ) (246 ) Net ROU Assets $ 16,664 $ 2,596 Liabilities Operating Finance Current (2) $ 3,910 $ 403 Non-current (3) 12,984 2,252 Total Lease Liabilities $ 16,894 $ 2,655 (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): Three Months Ended Nine Months Ended Lease Costs September 29, 2019 September 29, 2019 Operating lease cost (1) $ 1,578 $ 4,211 Finance lease cost Amortization of leased assets (2) 78 174 Interest on lease liabilities (3) 15 25 Total finance lease costs 93 199 Total lease cost $ 1,671 $ 4,410 (1) Operating lease costs are recorded within selling, general and administrative expenses or cost of revenue within the condensed consolidated statements of (loss) income depending upon the nature of the underlying lease. (2) Finance lease amortization costs are recorded in selling, general and administrative expenses within the condensed consolidated statements of (loss) income. (3) Finance lease interest costs are recorded in interest expense, net within the condensed consolidated statements of (loss) income.
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 Finance Total 2019 $ 1,594 $ 101 $ 1,695 2020 4,403 404 4,807 2021 3,377 404 3,781 2022 2,521 392 2,913 2023 1,966 392 2,358 After 2023 5,158 1,187 6,345 Less: Interest (2,125 ) (225 ) (2,350 ) Present value of lease liabilities $ 16,894 $ 2,655 $ 19,549
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 Finance Total 2019 $ 1,594 $ 101 $ 1,695 2020 4,403 404 4,807 2021 3,377 404 3,781 2022 2,521 392 2,913 2023 1,966 392 2,358 After 2023 5,158 1,187 6,345 Less: Interest (2,125 ) (225 ) (2,350 ) Present value of lease liabilities $ 16,894 $ 2,655 $ 19,549
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 September 29, 2019 Weighted average remaining lease term (years) Operating leases 6.2 Finance leases 7.3 Weighted average discount rate (percentage) Operating leases 4.4 % 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 September 29, 2019 Operating Activities Noncash lease expense on operating ROU assets $ (16,664 ) Amortization expense on finance ROU assets 174 Change in total operating lease liabilities 16,894 Principal paid on operating lease liabilities (3,767 ) Total Operating Activities $ (3,363 ) Financing Activities Principal paid on finance lease liabilities $ (183 ) Supplemental Interest Paid on finance lease liabilities $ 24
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 $ 6,296 $ 4,079 $ 2,740 $ 1,595 $ 914 $ 946

Special Charges_Recoveries (Tab

Special Charges/Recoveries (Tables)	9 Months Ended
	Sep. 29, 2019
Restructuring and Related Activities [Abstract]
Special and Restructuring Charges, Net	The table below (in thousands) summarizes the amounts recorded within the special and restructuring charges, net line item on the condensed consolidated statements of (loss) income for the three and nine months ended September 29, 2019 and September 30, 2018 : Special & restructuring charges, net Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Special charges, net $ 18,481 $ 1,898 $ 14,198 $ 5,922 Restructuring charges, net 5,038 1,090 5,695 6,002 Total special and restructuring charges, net $ 23,519 $ 2,988 $ 19,893 $ 11,924
Special Charges and Recoveries, Net	The table below (in thousands) outlines the special charges (recoveries), net recorded for the three and nine months ended September 29, 2019 : Special charges (recoveries), net For the three months ended September 29, 2019 Energy Aerospace & Defense Industrial Corporate Total Business sales $ 1,859 $ — $ 9,785 $ — $ 11,644 Professional fees to review and respond to an unsolicited tender offer to acquire the Company — — — 3,953 3,953 Other cost savings initiatives 2,085 — — 799 2,884 Total special charges (recoveries), net $ 3,944 $ — $ 9,785 $ 4,752 $ 18,481 Special charges (recoveries), net For the nine months ended September 29, 2019 Energy Aerospace & Defense Industrial Corporate Total Business sales $ (5,868 ) $ — $ 9,938 $ 286 $ 4,356 Professional fees to review and respond to an unsolicited tender offer to acquire the Company — — — 6,028 6,028 Other cost savings initiatives 2,085 — — 1,729 3,814 Total special (recoveries) charges, net $ (3,783 ) $ — $ 9,938 $ 8,043 $ 14,198
Special Charges, Net	The table below (in thousands) outlines the special charges, net recorded for the three and nine months ended September 30, 2018 : Special Charges, net For the three months ended September 30, 2018 Energy Aerospace & Defense Industrial Corporate Total Acquisition related charges $ — $ — $ — $ 1,210 $ 1,210 Other 490 — — — 490 Brazil closure 198 — — — 198 Total special charges, net $ 688 $ — $ — $ 1,210 $ 1,898 Special Charges, net For the nine months ended September 30, 2018 Energy Aerospace & Defense Industrial Corporate Total Acquisition related charges $ — $ — $ — $ 4,665 $ 4,665 Other 527 — — — 527 Brazil closure 730 — — — 730 Total special charges, net $ 1,257 $ — $ — $ 4,665 $ 5,922
Restructuring and Related Costs	Restructuring charges, net As of and for the three months ended September 30, 2018 Energy Aerospace & Defense Industrial Corporate Total Facility related expenses $ 619 $ 60 $ — $ — $ 679 Employee related expenses 131 — 280 — 411 Total restructuring charges, net $ 750 $ 60 $ 280 $ — $ 1,090 Accrued restructuring charges as of July 1, 2018 $ 785 Total quarter to date charges, net (shown above) 1,090 Charges paid / settled, net (1,345 ) Accrued restructuring charges as of September 30, 2018 $ 530 Restructuring charges, net As of and for the nine months ended September 30, 2018 Energy Aerospace & Defense Industrial Corporate Total Facility related expenses $ (2,812 ) $ 190 $ — $ — $ (2,622 ) Employee related expenses 7,135 — 1,489 — 8,624 Total restructuring charges, net $ 4,323 $ 190 $ 1,489 $ — $ 6,002 Accrued restructuring charges as of December 31, 2017 $ 883 Total year to date charges, net (shown above) 6,002 Charges paid / settled, net (6,355 ) Accrued restructuring charges as of September 30, 2018 $ 530 The tables below (in thousands) outline the charges associated with restructuring actions recorded for the three and nine months ended September 29, 2019 and September 30, 2018 . A description of the restructuring actions is provided in the section titled "Restructuring Programs Summary" below. Restructuring charges, net As of and for the three months ended September 29, 2019 Energy Aerospace & Defense Industrial Corporate Total Facility related expenses $ 209 $ 62 $ 749 $ — $ 1,020 Employee related expenses, net — — 4,018 — 4,018 Total restructuring charges, net $ 209 $ 62 $ 4,767 $ — $ 5,038 Accrued restructuring charges as of June 30, 2019 $ 491 Total quarter to date charges, net (shown above) 5,038 Charges paid / settled, net (707 ) Accrued restructuring charges as of September 29, 2019 $ 4,822 Restructuring charges, net As of and for the nine months ended September 29, 2019 Energy Aerospace & Defense Industrial Corporate Total Facility related expenses $ 312 $ 279 $ 749 $ — $ 1,340 Employee related expenses, net 17 (3 ) 4,341 — 4,355 Total restructuring charges, net $ 329 $ 276 $ 5,090 $ — $ 5,695 Accrued restructuring charges as of December 31, 2018 $ 874 Total year to date charges, net (shown above) 5,695 Charges paid / settled, net (1,747 ) Accrued restructuring charges as of September 29, 2019 $ 4,822

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 29, 2019
Inventory, Net [Abstract]
Components Of Inventory	Inventories consisted of the following (in thousands): September 29, 2019 December 31, 2018 Raw materials $ 73,568 $ 66,391 Work in process 53,127 58,911 Finished goods 25,049 18,380 Total inventories $ 151,744 $ 143,682

Goodwill And Intangible Assets

Goodwill And Intangible Assets (Tables)	9 Months Ended
	Sep. 29, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, By Segment	The following table shows goodwill by segment as of December 31, 2018 and September 29, 2019 (in thousands): Energy Aerospace & Defense Industrial Total Goodwill as of December 31, 2018 $ 96,272 $ 57,418 $ 296,915 $ 450,605 Spence divestiture — — (85,474 ) (85,474 ) Currency translation adjustments (6,794 ) (67 ) 2,034 (4,827 ) Goodwill as of September 29, 2019 $ 89,478 $ 57,351 $ 213,475 $ 360,304
Gross Intangible Assets And Related Accumulated Amortization	The table below presents gross intangible assets and the related accumulated amortization as of September 29, 2019 (in thousands): Gross Carrying Amount Accumulated Amortization Net Carrying Value Patents $ 5,399 $ (5,399 ) $ — Customer relationships 295,833 (72,217 ) 223,616 Backlog 22,407 (22,312 ) 95 Acquired technology 133,348 (39,183 ) 94,165 Other 398 (398 ) — Total Amortized Assets $ 457,385 $ (139,509 ) $ 317,876 Non-amortized intangibles (primarily trademarks and trade names) $ 74,639 $ — $ 74,639 Total Non-Amortized Intangibles $ 74,639 $ — $ 74,639 Net carrying value of intangible assets $ 392,515
Estimated Remaining Amortization Expense For Intangible Assets	The table below presents estimated remaining amortization expense for intangible assets recorded as of September 29, 2019 (in thousands): 2019 2020 2021 2022 2023 After 2023 Estimated amortization expense $ 11,919 $ 43,242 $ 41,525 $ 36,534 $ 32,026 $ 152,630

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 29, 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 Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Net revenues Energy $ 55,835 $ 70,718 $ 184,464 $ 206,090 Aerospace & Defense 67,621 57,757 193,555 173,734 Industrial 113,596 118,734 343,656 366,930 Consolidated net revenues $ 237,052 $ 247,209 $ 721,675 $ 746,754 Results from continuing operations before income taxes Energy - Segment Operating Income $ 5,286 $ 9,726 $ 23,607 $ 26,044 Aerospace & Defense - Segment Operating Income 13,564 8,709 33,382 24,631 Industrial - Segment Operating Income 13,953 14,609 40,878 42,592 Corporate expenses (7,209 ) (8,034 ) (20,250 ) (22,284 ) Segment Operating Income 25,594 25,010 77,617 70,983 Restructuring charges, net 5,038 1,090 5,695 6,002 Special charges, net 18,481 1,898 14,198 5,922 Special and restructuring charges, net 23,519 2,988 19,893 11,924 Restructuring related inventory charges (1,145 ) — (819 ) 488 Amortization of inventory step-up — — — 6,600 Acquisition amortization 11,202 11,734 34,527 35,299 Acquisition depreciation 1,102 1,743 3,331 5,314 Acquisition amortization and other costs, net 11,159 13,477 37,039 47,701 Consolidated Operating (Loss) Income (9,084 ) 8,545 20,685 11,358 Interest expense, net 11,804 14,137 37,846 39,711 Other income, net (759 ) (1,580 ) (2,755 ) (7,079 ) Loss from continuing operations before income taxes $ (20,129 ) $ (4,012 ) $ (14,406 ) $ (21,274 ) Three Months Ended Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Capital expenditures Energy $ 487 $ 1,842 $ 1,686 $ 4,724 Aerospace & Defense 1,826 1,320 3,204 3,161 Industrial 1,602 910 3,968 6,760 Corporate 222 187 877 574 Consolidated capital expenditures $ 4,137 $ 4,259 $ 9,735 $ 15,219 Depreciation and amortization Energy $ 2,755 $ 3,390 $ 8,440 $ 10,364 Aerospace & Defense 3,145 2,716 8,579 8,244 Industrial 11,149 12,337 35,033 37,158 Corporate 131 171 416 592 Consolidated depreciation and amortization $ 17,180 $ 18,614 $ 52,468 $ 56,358 Identifiable assets September 29, 2019 September 30, 2018 Energy $ 499,463 $ 905,708 Aerospace & Defense 436,120 642,431 Industrial 1,391,897 1,020,849 Corporate (859,349 ) (756,138 ) Consolidated identifiable assets $ 1,468,131 $ 1,812,850

Financial Instruments Fair Valu

Financial Instruments Fair Value Measurements (Tables)	9 Months Ended
	Sep. 29, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	The fair value measurements of the Company's financial instruments as of September 29, 2019 are summarized in the table below (in thousands): Significant Other Observable Inputs Derivative assets $ 4,345 Derivative liabilities $ (10,160 )

Guarantees And Indemnificatio_2

Guarantees And Indemnification Obligations (Tables)	9 Months Ended
	Sep. 29, 2019
Guarantees And Indemnification Obligations [Abstract]
Product Warranty Reserves	The following table sets forth information related to our product warranty reserves for the nine months ended September 29, 2019 (in thousands): Balance beginning December 31, 2018 $ 2,980 Provisions 2,204 Claims settled (2,361 ) Currency translation adjustment (54 ) Balance ending September 29, 2019 $ 2,769 Warranty obligations were $3.0 million as of December 31, 2018 and $2.8 million as of September 29, 2019

Contingencies And Commitments (

Contingencies And Commitments (Tables)	9 Months Ended
	Sep. 29, 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 September 29, 2019 (in thousands): Term Remaining Maximum Potential Future Payments 0–12 months $ 33,175 Greater than 12 months 11,281 Total $ 44,456

Retirement Plans (Tables)

Retirement Plans (Tables)	9 Months Ended
	Sep. 29, 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 Nine Months Ended September 29, 2019 September 30, 2018 September 29, 2019 September 30, 2018 Pension Benefits - U.S. Plans Service cost $ — $ — $ — $ — Interest cost 1,967 1,762 5,901 5,285 Expected return on plan assets (2,742 ) (3,771 ) (8,226 ) (11,313 ) Amortization 129 146 388 439 Net periodic benefit income $ (646 ) $ (1,863 ) $ (1,937 ) $ (5,589 ) Pension Benefits - Non-U.S. Plans Service cost $ 680 $ 736 $ 2,062 $ 2,271 Interest cost 539 523 1,643 1,617 Expected return on plan assets (235 ) (243 ) (726 ) (755 ) Amortization 4 — 13 — Net periodic benefit cost $ 988 $ 1,016 $ 2,992 $ 3,133 Other Post-Retirement Benefits Service cost $ — $ — $ — $ 1 Interest cost 93 86 280 259 Amortization — — — — Net periodic benefit cost $ 93 $ 86 $ 280 $ 260

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 29, 2019
Share-based Payment Arrangement, Noncash Expense [Abstract]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The average fair value of stock options granted during the first nine months of 2019 and 2018 was $11.84 and $14.68 per share, respectively, and was estimated using the following weighted-average assumptions: September 29, 2019 September 30, 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)	9 Months Ended
	Sep. 29, 2019
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	(16) 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 nine months ended September 29, 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 loss (16,882 ) (393 ) (6,371 ) (23,646 ) Balance as of September 29, 2019 $ (65,991 ) $ (19,507 ) $ (7,887 ) $ (93,385 ) 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 FH acquisition. This error impacts other comprehensive income. Specifically, other comprehensive income (loss) was overstated by $5.4 and $2.2 million for the first quarter and fiscal 2018, respectively, and was understated by $2.2 million for first quarter of 2019. The Company has determined that these adjustments were not material to the current or prior periods, or the forecasted 2019 results. These items were immaterial and were adjusted for during the first quarter of 2019. The quarterly impact ($ in millions) in 2018 was: Q1 Q2 Q3 Q4 2018 Overstated (understated) comprehensive income $ 5.4 $ (5.1 ) $ (0.2 ) $ 2.1 $ 2.2
Schedule of Impact of Overstatement (Understatement) of Comprehensive Income	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

Summary of Sign Accounting Poli

Summary of Sign Accounting Policies - Narrative (Details) - USD ($) $ in Thousands	Sep. 29, 2019	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lease liabilities	$ 19,549
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

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) $ in Thousands, € in Millions	3 Months Ended		9 Months Ended
	Sep. 29, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 29, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 29, 2019EUR (€)	Sep. 29, 2019USD ($)	Dec. 31, 2018USD ($)
Discontinued Operations, Held-for-Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Liabilities						$ 17,674	$ 59,159
Operating loss	$ (106,340)	$ (329)	$ (120,269)	$ (8,270)
Disposal Group, Including Discontinued Operation, Assets						29,935	$ 227,612
Reliability Services [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Liabilities						11,100
Disposal Group, Including Discontinued Operation, Assets						$ 83,400
Long-Cycle Upstream Oil & Gas Engineered Valve | Discontinued Operations, Held-for-Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Definitive agreement amount | €					€ 1
Earn-out as percent of net income (percent)	50.00%
Earn-out period	7 years
Loss on sale of disposal	$ 36,700		36,700
Maximum earn-out receivable | €					€ 18
Distributed Valves | Discontinued Operations, Held-for-Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill, impairment loss	6,900		4,600
Impairment of intangible assets	1,000		1,000
Adjustments to assets held for sale to fair value less expected costs to sell	$ 56,100		$ 57,100

Discontinued Operations - Summa

Discontinued Operations - Summarized Components of (Loss) Income from Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Other (income):
Loss from discontinued operations, pre tax	$ (84,688)	$ (2,874)	$ (107,572)	$ (1,540)
Discontinued Operations, Held-for-Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues	15,276	50,305	70,655	127,708
Cost of revenues	18,533	45,305	77,846	113,267
Gross (loss) profit	(3,257)	5,000	(7,191)	14,441
Selling, general and administrative expenses	2,271	5,562	11,464	17,433
Special and restructuring charges (recoveries), net	100,812	(233)	101,614	5,278
Operating loss	(106,340)	(329)	(120,269)	(8,270)
Other (income):
Interest (income), net	(8)	(37)	(14)	(55)
Other (income), net	(237)	0	(74)	(122)
Total other income, net	(245)	(37)	(88)	(177)
Loss from discontinued operations, pre tax	(106,095)	(292)	(120,181)	(8,093)
(Benefit from) provision for income tax	(21,407)	2,582	(12,609)	(6,553)
Loss from discontinued operations, net of tax	$ (84,688)	$ (2,874)	$ (107,572)	$ (1,540)

Discontinued Operations - Balan

Discontinued Operations - Balance Sheet Information for Assets and Liabilties Related to Discontinued Operations (Details) - Discontinued Operations, Held-for-Sale - USD ($) $ in Thousands	Sep. 29, 2019	Dec. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Trade accounts receivable, net	$ 8,298	$ 28,712
Inventories	57,768	76,740
Prepaid expenses and other current assets	2,570	20,833
Property, plant, and equipment, net	11,316	24,669
Goodwill	0	48,972
Disposal Group, Including Discontinued Operation, Intangible Assets		18,230
Deferred tax asset	0	9,380
Other assets	6,079	76
Valuation adjustment on classification to assets held for sale	(56,096)	0
Total assets held for sale	29,935	227,612
Accounts payable	9,355	32,536
Accrued and other current liabilities	3,720	23,568
Other liabilities	4,599	3,055
Total liabilities held for sale	$ 17,674	$ 59,159

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Dec. 31, 2018
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Increase (Decrease) in Accounts Receivable	$ (17,413)	$ (5,520)
Trade accounts receivable, less allowance for doubtful accounts of $4,342 and $5,884 at September 29, 2019 and December 31, 2018, respectively			$ 167,181
Total backlog	425,500
Increase in contract liabilities	3,200
Contract with Customer, Liability	$ 45,200		41,951
Contract with Customer, Asset, after Allowance for Credit Loss			$ 46,912
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	42.00%
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	44.00%
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	14.00%
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	$ 26,064
Trade accounts receivable, less allowance for doubtful accounts of $4,342 and $5,884 at September 29, 2019 and December 31, 2018, respectively	141,117
Increase in contract liabilities	(3,223)
Contract with Customer, Liability	45,174
Increase/(Decrease)	15,701
Contract with Customer, Asset, after Allowance for Credit Loss	$ 62,613

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Trade accounts receivable, less allowance for doubtful accounts of $4,342 and $5,884 at September 29, 2019 and December 31, 2018, respectively					$ 167,181
Revenue by major product line	$ 237,052	$ 247,209	$ 721,675	$ 746,754
Contract with Customer, Asset, after Allowance for Credit Loss					46,912
Contract with Customer, Liability	45,200		45,200		$ 41,951
Contract with Customer, Liability, Period Increase (Decrease)			(3,200)
Energy Segment
Disaggregation of Revenue [Line Items]
Revenue by major product line	55,835	70,718	184,464	206,090
Energy Segment | EMEA
Disaggregation of Revenue [Line Items]
Revenue by major product line	19,046	21,178	63,230	60,731
Energy Segment | North America
Disaggregation of Revenue [Line Items]
Revenue by major product line	24,343	38,885	94,248	110,431
Energy Segment | Total
Disaggregation of Revenue [Line Items]
Revenue by major product line	12,446	10,655	26,986	34,928
Energy Segment | Oil & Gas - Upstream, Midstream & Other
Disaggregation of Revenue [Line Items]
Revenue by major product line	12,810	13,505	41,708	38,980
Energy Segment | Oil & Gas - Downstream
Disaggregation of Revenue [Line Items]
Revenue by major product line	43,025	57,213	142,756	167,110
Aerospace & Defense Segment
Disaggregation of Revenue [Line Items]
Revenue by major product line	67,621	57,757	193,555	173,734
Aerospace & Defense Segment | EMEA
Disaggregation of Revenue [Line Items]
Revenue by major product line	18,309	17,288	52,875	48,144
Aerospace & Defense Segment | North America
Disaggregation of Revenue [Line Items]
Revenue by major product line	44,807	39,066	123,685	112,560
Aerospace & Defense Segment | Total
Disaggregation of Revenue [Line Items]
Revenue by major product line	4,505	1,403	16,995	13,030
Aerospace & Defense Segment | Commercial Aerospace & Other
Disaggregation of Revenue [Line Items]
Revenue by major product line	28,640	28,571	86,467	81,420
Aerospace & Defense Segment | Defense
Disaggregation of Revenue [Line Items]
Revenue by major product line	38,981	29,186	107,088	92,314
Industrial Segment
Disaggregation of Revenue [Line Items]
Revenue by major product line	113,596	118,734	343,656	366,930
Industrial Segment | EMEA
Disaggregation of Revenue [Line Items]
Revenue by major product line	53,297	56,090	159,473	179,379
Industrial Segment | North America
Disaggregation of Revenue [Line Items]
Revenue by major product line	37,654	38,206	114,323	112,818
Industrial Segment | Total
Disaggregation of Revenue [Line Items]
Revenue by major product line	22,645	24,438	69,860	74,733
Industrial Segment | Valves
Disaggregation of Revenue [Line Items]
Revenue by major product line	30,124	29,404		87,544
Industrial Segment | Pumps
Disaggregation of Revenue [Line Items]
Revenue by major product line	83,472	$ 89,330		$ 279,386
Pumps | North America
Disaggregation of Revenue [Line Items]
Revenue by major product line			252,663
Valves | EMEA
Disaggregation of Revenue [Line Items]
Revenue by major product line			90,993
Accounting Standards Update 2014-09 [Member]
Disaggregation of Revenue [Line Items]
Trade accounts receivable, less allowance for doubtful accounts of $4,342 and $5,884 at September 29, 2019 and December 31, 2018, respectively	141,117		141,117
Increase (Decrease) in Accounts and Other Receivables			(26,064)
Contract with Customer, Asset, after Allowance for Credit Loss	62,613		62,613
ContractwithCustomerAssetPeriodIncreaseDecrease			15,701
Contract with Customer, Liability	$ 45,174		45,174
Contract with Customer, Liability, Period Increase (Decrease)			$ 3,223

Leases - Balance Sheet Impact o

Leases - Balance Sheet Impact of Leases (Details)	Sep. 29, 2019USD ($)
Operating Lease, Assets [Abstract]
Gross ROU Assets	$ 20,221,000
Less: Accumulated Amortization	(3,557,000)
Net ROU Assets	16,664,000
Finance Lease, Assets [Abstract]
Gross ROU Assets	2,842,000
Less: Accumulated Amortization	(246,000)
Net ROU Assets	2,596,000
Operating Lease, Liabilities [Abstract]
Current	3,910,000
Noncurrent	12,984,000
Total Lease Liabilities	16,894,000
Finance Lease, Liabilities [Abstract]
Current	403,000
Noncurrent	2,252,000
Total Lease Liabilities	$ 2,655,000

Leases - Components of Lease Co

Leases - Components of Lease Costs (Details)	3 Months Ended	9 Months Ended
	Sep. 29, 2019USD ($)	Sep. 29, 2019USD ($)
Leases [Abstract]
Operating Lease, Liability	$ 16,894,000	$ 16,894,000
Operating lease cost	1,578,000	4,211,000
Finance lease cost
Amortization of leased assets	78,000	174,000
Interest on lease liabilities	15,000	25,000
Total finance lease costs	93,000	199,000
Total lease cost	$ 1,671,000	4,410,000
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)	Sep. 29, 2019USD ($)
Operating
2019	$ 1,594,000
2020	4,403,000
2021	3,377,000
2022	2,521,000
2023	1,966,000
After 2023	5,158,000
Less: Interest	(2,125,000)
Present value of lease liabilities	16,894,000
Finance
2019	101,000
2020	404,000
2021	404,000
2022	392,000
2023	392,000
After 2023	1,187,000
Less: Interest	(225,000)
Present value of lease liabilities	2,655,000
Total
2019	1,695,000
2020	4,807,000
2021	3,781,000
2022	2,913,000
2023	2,358,000
After 2023	6,345,000
Less: Interest	(2,350,000)
Present value of lease liabilities	$ 19,549,000

Leases - Schedule of Weighted A

Leases - Schedule of Weighted Average Remaining Lease Term and Discount Rates (Details)	Sep. 29, 2019
Leases [Abstract]
Operating lease, weighted average remaining lease term (years)	6 years 2 months 12 days
Finance lease, weighted average remaining lease term (years)	7 years 3 months 18 days
Operating lease, weighted average discount rate, percent	4.40%
Finance lease, weighted average discount rate, percent	2.00%

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information Related to Leases (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 29, 2019	Sep. 29, 2019
Operating Activities
Noncash lease expense on operating ROU assets		$ (16,664,000)
Amortization expense on finance ROU assets	$ 78,000	174,000
Change in total operating lease liabilities		16,894,000
Operating Lease, Payments		(3,767,000)
Total Operating Activities		(3,363,000)
Financing Activities
Principal paid on finance lease liabilities		(183,000)
Supplemental
Interest Paid on finance lease liabilities		$ 24,000

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Rental Payments for Operating Leases (Details) $ in Thousands	Sep. 29, 2019USD ($)
Leases [Abstract]
2019	$ 6,296
2020	4,079
2021	2,740
2022	1,595
2023	914
Thereafter	$ 946

Special Charges_Recoveries (Det

Special Charges/Recoveries (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Restructuring Reserve [Roll Forward]
Restructuring Reserve Beginning of Period	$ 491	$ 785	$ 874	$ 883
Restructuring Charges	5,038	1,090	5,695	6,002
Other Nonrecurring (Income) Expense	18,481	1,898	14,198	5,922
Special charges paid	(707)	(1,345)	(1,747)	(6,355)
Restructuring Reserve End of Period	4,822	530	4,822	530
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	4,018	411	4,355	8,624
Energy [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	209	750	329	4,323
Other Nonrecurring (Income) Expense	3,944	688	(3,783)	1,257
Energy [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	0	131	17	7,135
Corporate [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	0	0	0	0
Other Nonrecurring (Income) Expense	4,752	1,210	8,043	4,665
Corporate [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	$ 0	$ 0	$ 0	$ 0

Special Charges_Recoveries Char

Special Charges/Recoveries Charges Incurred to Date (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018	Jun. 30, 2019	Dec. 31, 2018	Jul. 01, 2018	Dec. 31, 2017
Restructuring Cost and Reserve [Line Items]
Special Charges, Net	$ 18,481	$ 1,898	$ 14,198	$ 5,922
Restructuring Charges	5,038	1,090	5,695	6,002
Special Other Charges		490		527
Professional fees to review and respond to an unsolicited tender offer to acquire the Company	3,953	198	6,028
Other Nonrecurring (Income) Expense	18,481	1,898	14,198	5,922
Restructuring and Related Cost, Incurred Cost	23,519	2,988	19,893	11,924
Restructuring Reserve	4,822	530	4,822	530	$ 491	$ 874	$ 785	$ 883
Payments for Restructuring	(707)	(1,345)	(1,747)	(6,355)
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	4,018	411	4,355	8,624
Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Recoveries of Restructuring Charges	1,020	679	1,340	(2,622)
Critical Flow Solutions [Member]
Restructuring Cost and Reserve [Line Items]
Business Combination, Acquisition Related Costs		1,200		4,700
Energy [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	209	750	329	4,323
Professional fees to review and respond to an unsolicited tender offer to acquire the Company	0	198		730
Other Nonrecurring (Income) Expense	3,944	688	(3,783)	1,257
Energy [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	131	17	7,135
Energy [Member] | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Recoveries of Restructuring Charges	209	(619)	312	2,812
Advanced Flow Solutions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	62	60	276	190
Other Nonrecurring (Income) Expense		0		0
Advanced Flow Solutions [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	0	(3)	0
Advanced Flow Solutions [Member] | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Recoveries of Restructuring Charges	62	(60)	279	(190)
Total Aerospace and Defense
Restructuring Cost and Reserve [Line Items]
Professional fees to review and respond to an unsolicited tender offer to acquire the Company	0
Other Nonrecurring (Income) Expense	0		0
Total Aerospace and Defense | Divestiture [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges				0
Total Industrial
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	4,767	280	5,090	1,489
Professional fees to review and respond to an unsolicited tender offer to acquire the Company	0		0
Other Nonrecurring (Income) Expense	9,785	0	9,938	0
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	4,018	280	4,341	1,489
Total Industrial | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Recoveries of Restructuring Charges	749	0	749	0
Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	0	0	0
Professional fees to review and respond to an unsolicited tender offer to acquire the Company	3,953		6,028
Other Nonrecurring (Income) Expense	4,752	1,210	8,043	4,665
Corporate Segment [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	0	0	0
Corporate Segment [Member] | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Recoveries of Restructuring Charges	0	0	0	0
Acquisition-related Costs [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense		1,210
Acquisition-related Costs [Member] | Total Aerospace and Defense | Divestiture [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		0
Acquisition-related Costs [Member] | Total Industrial | Divestiture [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		0
Acquisition-related Costs [Member] | Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense		1,210
Reliability Services divestiture related charges
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense	11,600		4,356
Reliability Services divestiture related charges | Energy [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense			(5,868)
Reliability Services divestiture related charges | Total Aerospace and Defense
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense			0
Reliability Services divestiture related charges | Total Industrial
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense			9,938
Reliability Services divestiture related charges | Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense			286
Rosscor divestiture related charges | Energy [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense	0
Rosscor divestiture related charges | Total Aerospace and Defense
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense	0
Business Sales [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense	11,644
Business Sales [Member] | Energy [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense	1,859
Business Sales [Member] | Total Aerospace and Defense
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense	0
Business Sales [Member] | Total Industrial
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense	9,785
Business Sales [Member] | Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense	0
Other Cost Saving Initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense	2,884
Other Cost Saving Initiatives [Member] | Energy [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense	2,085
Other Cost Saving Initiatives [Member] | Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense	799
Other Expense [Member] | Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense			1,729
Distributed Valves and Engineered Valves Business [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense			3,814
Distributed Valves and Engineered Valves Business [Member] | Energy [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense			2,085
Segment Reconciling Items [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	(1,145)	0	(819)	488
Special Other Charges		1,898		5,922
Other Nonrecurring (Income) Expense	$ 23,519	$ 2,988	$ 19,893	$ 11,924

Special Charges Narrative (Deta

Special Charges Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018	Dec. 31, 2018
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Professional fees to review and respond to an unsolicited tender offer to acquire the Company	$ 3,953	$ 198	$ 6,028
Inventories	151,744		151,744		$ 143,682
Restructuring Charges	5,038	1,090	5,695	$ 6,002
Special and restructuring (recoveries) charges, net	(18,481)	(1,898)	(14,198)	(5,922)
Industrial Segment
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Professional fees to review and respond to an unsolicited tender offer to acquire the Company	0		0
Restructuring Charges	4,767	280	5,090	1,489
Special and restructuring (recoveries) charges, net	(9,785)	0	(9,938)	0
Energy [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Professional fees to review and respond to an unsolicited tender offer to acquire the Company	0	198		730
Restructuring Charges	209	750	329	4,323
Special and restructuring (recoveries) charges, net	(3,944)	(688)	3,783	(1,257)
Critical Flow Solutions [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Business Combination, Acquisition Related Costs		1,200		4,700
Aerospace & Defense [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Professional fees to review and respond to an unsolicited tender offer to acquire the Company	0
Special and restructuring (recoveries) charges, net	0		0
Advanced Flow Solutions [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges	62	60	276	190
Special and restructuring (recoveries) charges, net		0		0
Corporate Segment [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Professional fees to review and respond to an unsolicited tender offer to acquire the Company	3,953		6,028
Restructuring Charges	0	0	0	0
Special and restructuring (recoveries) charges, net	(4,752)	$ (1,210)	(8,043)	(4,665)
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
Reliability Services divestiture related charges
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net	(11,600)		(4,356)
Reliability Services divestiture related charges | Industrial Segment
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net			(9,938)
Reliability Services divestiture related charges | Energy [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net			5,868
Reliability Services 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
Reliability Services 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			$ (286)
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

Inventories (Components Of Inve

Inventories (Components Of Inventory) (Details) - USD ($) $ in Thousands	Sep. 29, 2019	Dec. 31, 2018
Inventory, Net [Abstract]
Raw materials	$ 73,568	$ 66,391
Work in process	53,127	58,911
Finished goods	25,049	18,380
Inventories	$ 151,744	$ 143,682

Goodwill And Intangible Asset_2

Goodwill And Intangible Assets (Goodwill, By Segment) (Details) $ in Thousands	9 Months Ended
	Sep. 29, 2019USD ($)
Goodwill [Line Items]
Goodwill, Purchase Accounting Adjustments	$ (85,474)
Goodwill [Roll Forward]
Goodwill as of December 31, 2018	450,605
Currency translation adjustments	(4,827)
Goodwill as of September 29, 2019	360,304
Energy [Member]
Goodwill [Line Items]
Goodwill, Purchase Accounting Adjustments	0
Goodwill [Roll Forward]
Goodwill as of December 31, 2018	96,272
Currency translation adjustments	(6,794)
Goodwill as of September 29, 2019	89,478
Aerospace [Member]
Goodwill [Roll Forward]
Goodwill as of December 31, 2018	57,418
Currency translation adjustments	(67)
Goodwill as of September 29, 2019	57,351
Total Industrial
Goodwill [Roll Forward]
Goodwill as of December 31, 2018	296,915
Currency translation adjustments	2,034
Goodwill as of September 29, 2019	$ 213,475

Goodwill And Intangible Asset_3

Goodwill And Intangible Assets (Gross Intangible Assets And Related Accumulated Amortization) (Details) - USD ($) $ in Thousands	Sep. 29, 2019	Dec. 31, 2018
Intangible Assets [Line Items]
Gross Carrying Amount	$ 457,385
Accumulated Amortization	(139,509)
Finite-Lived Intangible Assets, Gross	317,876
Net carrying value of intangible assets	392,515	$ 440,281
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	74,639
Accumulated Amortization	0
Indefinite-Lived Intangible Assets Net of Impairment	74,639
Customer relationships
Intangible Assets [Line Items]
Gross Carrying Amount	295,833
Accumulated Amortization	(72,217)
Finite-Lived Intangible Assets, Net	223,616
Backlog [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	22,407
Accumulated Amortization	(22,312)
Finite-Lived Intangible Assets, Net	95
Acquired Technology [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	133,348
Accumulated Amortization	(39,183)
Finite-Lived Intangible Assets, Net	94,165
Other [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	398
Accumulated Amortization	(398)
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	Sep. 29, 2019USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2019	$ 11,919
2020	43,242
2021	41,525
2022	36,534
2023	32,026
After 2023	$ 152,630

Segment Information (Reportable

Segment Information (Reportable Segment Information) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Restructuring Costs and Asset Impairment Charges	$ 11,159	$ 13,477	$ 37,039	$ 47,701
Net revenues	237,052	247,209	721,675	746,754
Operating Income (Loss)	(9,084)	8,545	20,685	11,358
Other Operating Income	25,594	25,010	77,617	70,983
Special Charges, Net	18,481	1,898	14,198	5,922
Special Other Charges		490		527
Total special charges, net	18,481	1,898	14,198	5,922
Restructuring Charges	5,038	1,090	5,695	6,002
Amortization of inventory step-up	0	0	0	6,600
Interest expense	11,804	14,137	37,846	39,711
Other income, net	(759)	(1,580)	(2,755)	(7,079)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	(20,129)	(4,012)	(14,406)	(21,274)
Identifiable assets	1,468,131	1,812,850	1,468,131	1,812,850	$ 1,791,612
Capital expenditures			9,519	14,902
Depreciation, Depletion and Amortization	17,180	18,614	52,468	56,358
Corporate Identifiable Assets After Elimination Of Intercompany Assets [Member]
Segment Reporting Information [Line Items]
Identifiable assets	12,800	28,200	12,800	28,200
Energy [Member]
Segment Reporting Information [Line Items]
Net revenues	55,835	70,718	184,464	206,090
Operating Income (Loss)	5,286	9,726	23,607	26,044
Total special charges, net	3,944	688	(3,783)	1,257
Restructuring Charges	209	750	329	4,323
Identifiable assets	499,463	905,708	499,463	905,708
Capital expenditures	487	1,842	1,686	4,724
Depreciation, Depletion and Amortization	2,755	3,390	8,440	10,364
Aerospace & Defense [Member]
Segment Reporting Information [Line Items]
Net revenues	67,621	57,757	193,555	173,734
Total special charges, net	0		0
Aerospace [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)	13,564	8,709	33,382	24,631
Identifiable assets	436,120	642,431	436,120	642,431
Capital expenditures	1,826	1,320	3,204	3,161
Depreciation, Depletion and Amortization	3,145	2,716	8,579	8,244
Corporate/Eliminations [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)	(7,209)	(8,034)	(20,250)	(22,284)
Capital expenditures	222	187	877	574
Depreciation, Depletion and Amortization			35,033
Industrial Segment
Segment Reporting Information [Line Items]
Net revenues	113,596	118,734	343,656	366,930
Operating Income (Loss)	13,953	14,609	40,878	42,592
Total special charges, net	9,785	0	9,938	0
Restructuring Charges	4,767	280	5,090	1,489
Identifiable assets	1,391,897	1,020,849	1,391,897	1,020,849
Capital expenditures	1,602	910	3,968	6,760
Depreciation, Depletion and Amortization	11,149	12,337		37,158
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Total special charges, net	4,752	1,210	8,043	4,665
Restructuring Charges	0	0	0	0
Identifiable assets	(859,349)	(756,138)	(859,349)	(756,138)
Depreciation, Depletion and Amortization	131	171	416	592
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Special Restructuring Charges		1,090		6,002
Special Other Charges		1,898		5,922
Total special charges, net	23,519	2,988	19,893	11,924
Restructuring Charges	(1,145)	0	(819)	488
Special Acquisition Amortization	11,202	11,734	34,527	35,299
Restatement Impact	1,102	1,743	3,331	5,314
Restatement Adjustment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Capital expenditures	4,137	$ 4,259	9,735	$ 15,219
Interest Rate Swap [Member]
Segment Reporting Information [Line Items]
Unrealized Gain (Loss) on Derivatives	(2,200)		(5,000)
Interest expense	$ 6,200		$ 18,600

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) - USD ($)	Apr. 12, 2018	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018	Jul. 12, 2019	Dec. 31, 2018
Derivative [Line Items]
Restricted Cash		$ 1		$ 1			$ 2.3
Accounts Receivable, Purchase		13.5
Proceeds from Sale and Collection of Receivables		12.1
Derivative, Fair Value, Net		(10,160,000)		(10,160,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value		4,345,000		4,345,000
Interest Expense		11,804,000	$ 14,137,000	37,846,000	$ 39,711,000
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Term of Contract	4 years
Cash flow hedge derivative instrument assets at fair value		(5,800,000)		(5,800,000)
Unrealized Gain (Loss) on Derivatives		(2,200,000)		(5,000,000)
Derivative, Loss on Derivative		400,000		800,000
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net		(3,700,000)		(3,700,000)
Interest Expense		6,200,000		18,600,000
Cross Currency Interest Rate Contract [Member]
Derivative [Line Items]
Derivative, Term of Contract	3 years
Other Assets [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Cash flow hedge derivative instrument assets at fair value		6,500,000		6,500,000
Accrued Expenses and Other Current Liabilities [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Cash flow hedge derivative instrument assets at fair value		3,700,000		3,700,000
Deferred Tax Asset [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Cash flow hedge derivative instrument assets at fair value		$ 1,700,000		$ 1,700,000
Subsequent Event [Member] | Cross Currency Interest Rate Contract [Member]
Derivative [Line Items]
Derivative, notional amount						$ 100,000,000
Derivative, fixed interest rate						2.4065%

Guarantees And Indemnificatio_3

Guarantees And Indemnification Obligations (Product Warranty Reserves) (Details)	9 Months Ended
	Sep. 29, 2019USD ($)
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Balance beginning December 31, 2014	$ 2,980,000
Provisions	2,204,000
Claims settled	(2,361,000)
Currency translation adjustments	(54,000)
Balance ending October 1, 2017	2,769,000
Liability for indemnification agreements	$ 0

Contingencies And Commitments_2

Contingencies And Commitments (Narrative) (Details) $ in Thousands	9 Months Ended
	Sep. 29, 2019USD ($)
Contingencies, Commitments And Guarantees [Line Items]
Aggregate notional value standby letters of credit	$ 44,456
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

Contingencies And Commitments_3

Contingencies And Commitments (Standby Letters Of Credit Instruments) (Details) $ in Thousands	Sep. 29, 2019USD ($)
Contingencies, Commitments And Guarantees [Line Items]
Letters of Credit Outstanding, Amount	$ 44,456
0-12 months [Member]
Contingencies, Commitments And Guarantees [Line Items]
Letters of Credit Outstanding, Amount	33,175
Greater than 12 months [Member]
Contingencies, Commitments And Guarantees [Line Items]
Letters of Credit Outstanding, Amount	$ 11,281

Retirement Plans (Components Of

Retirement Plans (Components Of Net Pension Benefit Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Pension Benefits | U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 0	$ 0	$ 0	$ 0
Interest cost	1,967	1,762	5,901	5,285
Expected return on plan assets	2,742	3,771	8,226	11,313
Amortization	(129)	(146)	(388)	(439)
Net periodic benefit income	(646)	(1,863)	(1,937)	(5,589)
Pension Benefits | Non-U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	680	736	2,062	2,271
Interest cost	539	523	1,643	1,617
Expected return on plan assets	235	243	726	755
Amortization	(4)	0	(13)	0
Net periodic benefit income	988	1,016	2,992	3,133
Other Post-Retirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	0	0	0	1
Interest cost	93	86	280	259
Amortization	0	0	0	0
Net periodic benefit income	$ 93	$ 86	$ 280	$ 260

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	Sep. 29, 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	$ 17.5	$ 17.6

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSU outstanding	402,591
Shares available for grant	955,522
Compensation expense (benefit)	$ 4.2	$ 4.1
Unrecognized compensation costs	$ 10
Weighted average period of recognition of compensation expense (in years)	2 years
Weighted average contractual term for stock options outstanding, years	4 years 3 months 18 days
Weighted average contractual term for stock options exercisable, years	3 years 6 months
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	$ 11.84	$ 14.68
Stock options outstanding	722,683
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 0
Aggregate intrinsic value of stock options outstanding	$ 0.6
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted	201,313	160,604
Granted RSU awards fair value	$ 32.73	$ 43.11
Aggregate intrinsic value of RSU Awards / RSU MSPs	$ 1.9
Aggregate intrinsic value of RSU Awards outstanding	11
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	67,362	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	56,379	34,937
Restricted stock units discount amount	11.10	14.06
Aggregate intrinsic value of RSU Awards / RSU MSPs	$ 0.1
Aggregate intrinsic value of RSU Awards outstanding	1.1
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	$ 0
Cash Settled Stock Unit Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSU outstanding	47,997		50,907
Cash used to settle awards	$ 0.9
Accrued expenses and current liabilities for Cash Settled Stock Unit Awards	0.7		$ 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)	$ 1.1	$ 0.6

Share-Based Compensation (Sched

Share-Based Compensation (Schedule Of Estimated Weighted-Average Assumptions Of Stock Options) (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 29, 2019
Share-based Payment Arrangement, Noncash Expense [Abstract]
Risk-free interest rate	2.50%	2.60%
Expected life	4 years 4 months 24 days	4 years 4 months 24 days
Expected stock volatility	37.20%	38.10%
Expected dividend yield	0.00%	0.00%

Share-Based Compensation CEO In

Share-Based Compensation CEO Inducement Stock Award (Details) - Stock Options [Member] - $ / shares	9 Months Ended
	Sep. 29, 2019	Sep. 30, 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 ($)	3 Months Ended					9 Months Ended		12 Months Ended
	Sep. 29, 2019	Dec. 31, 2018	Sep. 30, 2018	Jul. 01, 2018	Apr. 01, 2018	Sep. 29, 2019	Sep. 30, 2018	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	$ (8,370,000)		$ 5,353,000			$ (23,646,000)	$ (11,930,000)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of December 31, 2018						(69,739,000)
Foreign currency translation adjustments	(7,164,000)		3,128,000			(16,882,000)	(15,380,000)
Interest rate swap adjustments (1)	(1,206,000)		2,224,000			(6,371,000)	3,449,000
Other comprehensive loss			1,000			(23,646,000)	$ 1,000
Balance as of September 29, 2019	(93,385,000)	$ (69,739,000)				(93,385,000)		$ (69,739,000)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of December 31, 2018						(49,109,000)
Balance as of September 29, 2019	(65,991,000)	(49,109,000)				(65,991,000)		(49,109,000)
Pension, net
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of December 31, 2018						(19,114,000)
Pension, net						(393,000)
Balance as of September 29, 2019	(19,507,000)	(19,114,000)				(19,507,000)		(19,114,000)
Derivative
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of December 31, 2018						(1,516,000)
Balance as of September 29, 2019	(7,887,000)	(1,516,000)				$ (7,887,000)		(1,516,000)
Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	$ 2,200	$ 2,100	$ (200)	$ (5,100)	$ 5,400			$ 2,200

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (Impact on Comprehensive Income) (Details) - USD ($)	3 Months Ended					9 Months Ended		12 Months Ended
	Sep. 29, 2019	Dec. 31, 2018	Sep. 30, 2018	Jul. 01, 2018	Apr. 01, 2018	Sep. 29, 2019	Sep. 30, 2018	Dec. 31, 2018
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Overstated (understated) comprehensive income	$ (8,370,000)		$ 5,353,000			$ (23,646,000)	$ (11,930,000)
Currency Translation Adjustments [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Overstated (understated) comprehensive income	$ 2,200	$ 2,100	$ (200)	$ (5,100)	$ 5,400			$ 2,200

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2019	Sep. 30, 2018	Sep. 29, 2019	Sep. 30, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net loss		$ (6,841)	$ (135,491)	$ (18,380)
Basic Earnings Per Common Share (EPS), Shares	19,916,000	19,843,000	19,898,000	19,829,000
Basic EPS, Per Share Amount	$ (5.64)	$ (0.34)	$ (6.81)	$ (0.93)
Diluted EPS, Shares	19,916,000	19,843,000	19,898,000	19,829,000
Diluted EPS, Per Share Amount	$ (5.64)	$ (0.34)	$ (6.81)
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options and RSUs, shares			440,780
RSU Awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options and RSUs, shares				371,017

Subsequent Event (Details)

Subsequent Event (Details) - Discontinued Operations, Held-for-sale [Member] - Long-Cycle Upstream Oil & Gas Engineered Valve [Member] € in Millions	3 Months Ended
	Sep. 29, 2019EUR (€)
Subsequent Event [Line Items]
Definitive agreement amount	€ 1
Earn-out as percent of net income (percent)	50.00%
Earn-out period	7 years
Maximum earn-out receivable	€ 18