Circor International (CIR) 10-Q 7 Aug 20 2020 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 28, 2020	Aug. 03, 2020
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	Jun. 28, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		19,997,218

Document and Entity Informati_2

Document and Entity Information Document - shares	Aug. 30, 2019	Jun. 28, 2020	Aug. 03, 2020
Cover [Abstract]
Document Type		10-Q
Document Quarterly Report		true
Document Period End Date		Jun. 28, 2020
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		2020
Document Fiscal Period Focus		Q2
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 Emerging Growth Company		false
Entity Small Business		false
Entity Shell Company		false
Entity Common Stock, Shares Outstanding			19,997,218

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 28, 2020	Dec. 31, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 125,421	$ 84,531
Trade accounts receivable, less allowance for doubtful accounts of $10,877 and $3,086 at June 28, 2020 and December 31, 2019, respectively	117,131	125,422
Inventories	148,383	137,309
Prepaid expenses and other current assets	94,969	66,664
Assets held for sale	0	161,193
Total Current Assets	485,904	575,119
PROPERTY, PLANT AND EQUIPMENT, NET	167,194	172,179
OTHER ASSETS:
Goodwill	156,654	271,893
Intangibles, net	363,087	385,542
Deferred income taxes	53,357	30,852
Other assets	34,171	35,360
TOTAL ASSETS	1,260,367	1,470,945
CURRENT LIABILITIES:
Accounts payable	68,155	79,399
Accrued expenses and other current liabilities	102,717	94,169
Accrued compensation and benefits	27,318	19,518
Liabilities held for sale	0	43,289
Total Current Liabilities	198,190	236,375
LONG-TERM DEBT	578,613	636,297
DEFERRED INCOME TAXES	20,229	21,425
PENSION LIABILITY, NET	145,138	146,801
OTHER NON-CURRENT LIABILITIES	44,846	38,636
SHAREHOLDERS’ EQUITY:
Preferred stock, $0.01 par value; 1,000,000 shares authorized; no shares issued and outstanding	0	0
Common stock, $0.01 par value; 29,000,000 shares authorized; 19,994,356 and 19,912,362 shares issued and outstanding at June 28, 2020 and December 31, 2019, respectively	214	213
Additional paid-in capital	449,576	446,657
(Accumulated deficit) retained earnings	(13,982)	99,280
Common treasury stock, at cost (1,372,488 shares at June 28, 2020 and December 31, 2019)	(74,472)	(74,472)
Accumulated other comprehensive loss, net of tax	(87,985)	(80,267)
Total Shareholders’ Equity	273,351	391,411
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 1,260,367	$ 1,470,945

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 28, 2020
Trade accounts receivable, allowance for doubtful accounts	$ 3,086	$ 10,877
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	19,912,362	19,990,910
Common Stock, Shares, Outstanding	19,912,362	19,990,910

Consolidated Statements Of Inco

Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Net revenues	$ 186,066	$ 245,768	$ 378,279	$ 484,623
Cost of revenues	127,105	163,851	259,275	328,292
Gross profit	58,961	81,917	119,004	156,331
Selling, general and administrative expenses	54,738	65,682	114,296	130,188
Restructuring and Related Cost, Incurred Cost	5,607	4,215	(36,685)	(3,627)
Operating (loss), income	(1,384)	12,020	(74,789)	29,770
Other expense (income):
Interest expense, net	8,486	12,947	17,497	26,041
Other expense (income), net	2,144	153	(536)	(1,995)
Total other expense, net	10,630	13,100	16,961	24,046
(Loss) income from continuing operations before income taxes	(12,014)	(1,080)	(91,750)	5,724
(Benefit from) provision for income taxes	(21,769)	284	(13,395)	5,993
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	9,755	(1,364)	(78,355)	(269)
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax	(43,847)	(17,156)	(34,685)	(22,884)
Net loss	$ (34,092)	$ (18,520)	$ (113,040)	$ (23,153)
Basic earnings (loss) per common share:
Basic income (loss) per common share:	$ (1.71)	$ (0.93)	$ (5.66)	$ (1.16)
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share	(2.19)	(0.86)	(1.74)
Income (Loss) from Continuing Operations, Per Basic Share	0.49	(0.07)	(3.93)	(0.01)
Diluted from continuing operations	(1.68)	(0.93)	(5.66)
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share	(2.16)	(0.86)	(1.74)	(1.15)
Income (Loss) from Continuing Operations, Per Diluted Share	$ 0.48	$ (0.07)	$ (3.93)	$ (0.01)
Weighted average number of common shares outstanding:
Basic	19,987	19,906	19,962	19,888
Diluted	20,286	19,906	19,962	19,888
Retained Earnings [Member]
Other expense (income):
Net loss	$ (34,092)

Statements Of Consolidated Comp

Statements Of Consolidated Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net loss	$ (34,092)	$ (18,520)	$ (113,040)	$ (23,153)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	14,090	(1,271)	(6,235)	(9,718)
Interest rate swap adjustments (1)	755	(3,031)	(1,565)	(5,165)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Plan Amendments, Tax Effect	43	0	82	(393)
Other Comprehensive Income (Loss), Net of Tax	14,888	(4,302)	(7,718)
Overstated (understated) comprehensive income	14,888	(4,302)	(7,718)	(15,276)
COMPREHENSIVE INCOME (LOSS)	$ (19,204)	$ (22,822)	$ (120,758)	$ (38,429)

Statements Of Consolidated Co_2

Statements Of Consolidated Comprehensive Income Statements Of Consolidated Comprehensive Income (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax, Parent	$ 0.2	$ (0.6)	$ (1)	$ (2.5)

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($)	6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019
OPERATING ACTIVITIES
Net loss	$ (113,040,000)	$ (23,153,000)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	(34,685,000)	(22,884,000)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	(78,355,000)	(269,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	10,079,000	11,067,000
Amortization	21,492,000	24,317,000
Provision for bad debt expense	7,768,000	21,000
Loss on write down of inventory	352,000	961,000
Amortization of inventory step-up	0	0
Compensation expense for share-based plans	2,290,000	2,976,000
Amortization of debt issuance costs	5,488,000	1,997,000
Loss on sale or write-down of property, plant and equipment	0	72,000
Gain (Loss) on Disposition of Business	54,253,000	(9,165,000)
Changes in operating assets and liabilities, net of effects of acquisition and disposition:
Trade accounts receivable	768,000	17,867,000
Inventories	(12,370,000)	(12,868,000)
Prepaid expenses and other assets	(25,264,000)	(11,592,000)
Accounts payable, accrued expenses and other liabilities	(31,475,000)	(30,465,000)
Net Cash Provided by (Used in) Continuing Operations	(37,298,000)	(5,081,000)
Net Cash Provided by (Used in) Discontinued Operations	(11,532,000)	(4,958,000)
Net cash provided by operating activities	(48,830,000)	(10,039,000)
INVESTING ACTIVITIES
Additions to property, plant and equipment	(6,815,000)	(6,358,000)
Proceeds from the sale of property, plant and equipment	(142,000)	858,000
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	163,757,000	76,703,000
Cash Provided by (Used in) Investing Activities, Discontinued Operations	(10,071,000)	(1,184,000)
Net cash provided by investing activities	153,686,000	75,519,000
FINANCING ACTIVITIES
Proceeds from long-term debt	129,325,000	149,500,000
Payments of long-term debt	(191,141,000)	(208,300,000)
Proceeds from the exercise of stock options	118,000	106,000
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	(61,698,000)	(58,694,000)
Net cash used in financing activities	(61,698,000)	(58,694,000)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(2,421,000)	793,000
INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	40,737,000	7,579,000
Cash, cash equivalents, and restricted cash at beginning of period	85,727,000	69,525,000
Cash, cash equivalents, and restricted cash at end of period	126,464,000
Non-cash investing activities:
Purchases of property and equipment included in accounts payable and accrued expenses	577,000	1,483,000
Proceeds from Divestiture of Businesses	169,375,000	82,203,000
Payments to Acquire Businesses, Net of Cash Acquired	$ (1,339,000)	$ 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	Cumulative Effect, Period of Adoption, Adjustment [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings
BALANCE, Shares at December 31, 2018 at Dec. 31, 2018	19,845,000
BALANCE at December 31, 2018 at Dec. 31, 2018	$ 528,993	$ 212	$ 440,890	$ 232,102	$ (69,739)	$ (74,472)	$ 1,113	$ 1,113
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(4,633)
Other comprehensive (loss) income	(10,974)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		31,000
Stock Issued During Period, Value, Stock Options Exercised	$ 246
Share-based plan compensation			1,432
BALANCE, Shares at March 31, 2019 at Mar. 31, 2019	19,876,000
BALANCE at March 31, 2019 at Mar. 31, 2019	$ 516,177	$ 212	442,568	228,582	(80,713)	(74,472)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201602Member
BALANCE, Shares at December 31, 2018 at Dec. 31, 2018	19,845,000
BALANCE at December 31, 2018 at Dec. 31, 2018	$ 528,993	212	440,890	232,102	(69,739)	(74,472)	1,113	1,113
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(23,153)
Overstated (understated) comprehensive income	$ (15,276)
BALANCE, Shares at March 31, 2019 at Jun. 30, 2019	19,902,000
BALANCE at March 31, 2019 at Jun. 30, 2019	$ 494,899	212	444,109	210,065	(85,015)	(74,472)
BALANCE, Shares at December 31, 2018 at Mar. 31, 2019	19,876,000
BALANCE at December 31, 2018 at Mar. 31, 2019	$ 516,177	212	442,568	228,582	(80,713)	(74,472)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(18,520)
Other comprehensive (loss) income	(4,302)
Overstated (understated) comprehensive income	$ (4,302)
Conversion of restricted stock units (shares)	23,000
Conversion of restricted stock units	$ (202)		(202)
Share-based plan compensation	$ 1,700		1,700
BALANCE, Shares at March 31, 2019 at Jun. 30, 2019	19,902,000
BALANCE at March 31, 2019 at Jun. 30, 2019	$ 494,899	212	444,109	210,065	(85,015)	(74,472)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity, Other	$ 3			3
BALANCE, Shares at December 31, 2018 at Dec. 31, 2019	19,912,000
BALANCE at December 31, 2018 at Dec. 31, 2019	$ 391,411	$ 213	446,657	99,280	(80,267)	(74,472)	(222)	(222)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(78,948)
Other comprehensive (loss) income	$ (22,606)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	673,000	3,000
Stock Issued During Period, Value, Stock Options Exercised	$ 117
Conversion of restricted stock units (shares)	41,000
Conversion of restricted stock units	$ 420
BALANCE, Shares at March 31, 2019 at Mar. 29, 2020		19,956,000
BALANCE at March 31, 2019 at Mar. 29, 2020	$ 290,845	$ 213	447,867	20,110	(102,873)	(74,472)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
BALANCE, Shares at December 31, 2018 at Dec. 31, 2019	19,912,000
BALANCE at December 31, 2018 at Dec. 31, 2019	$ 391,411	$ 213	446,657	99,280	(80,267)	(74,472)	$ (222)	$ (222)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(113,040)
Other comprehensive (loss) income	(7,718)
Overstated (understated) comprehensive income	$ (7,718)
BALANCE, Shares at March 31, 2019 at Jun. 28, 2020	19,990,910	19,994,000
BALANCE at March 31, 2019 at Jun. 28, 2020	$ 273,351	$ 214	449,576	(13,982)	(87,985)	(74,472)
BALANCE, Shares at December 31, 2018 at Mar. 29, 2020		19,956,000
BALANCE at December 31, 2018 at Mar. 29, 2020	290,845	$ 213	447,867	20,110	(102,873)	(74,472)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(34,092)			(34,092)
Other comprehensive (loss) income	14,888
Overstated (understated) comprehensive income	$ 14,888
Conversion of restricted stock units (shares)	38,000
Conversion of restricted stock units	$ (133)	$ 1	(134)
Share-based plan compensation	$ 1,843		1,843
BALANCE, Shares at March 31, 2019 at Jun. 28, 2020	19,990,910	19,994,000
BALANCE at March 31, 2019 at Jun. 28, 2020	$ 273,351	$ 214	$ 449,576	$ (13,982)	$ (87,985)	$ (74,472)

Basis Of Presentation

Basis Of Presentation	6 Months Ended
	Jun. 28, 2020
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, 2019 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, 2019 . We operate and report financial information using a fiscal year ending December 31. The data periods contained within our Quarterly Reports on Form 10-Q reflect the results of operations for the 13-week, 26-week and 39-week periods which generally end on the Sunday nearest the calendar quarter-end date. Operating results for the six months ended June 28, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020 or any future quarter. We have reclassified certain prior year amounts, including the results of discontinued operations and reportable segment information, to conform to the current year presentation. Unless otherwise indicated, all financial information and statistical data included in these notes to our condensed consolidated financial statements relate to our continuing operations, with dollar amounts expressed in thousands (except per-share data). COVID-19 In March 2020, the World Health Organization declared the outbreak of COVID-19, which continues to spread throughout the U.S. and the world, as a pandemic. The pandemic is having an impact on the global economy, resulting in rapidly changing market and economic conditions. As of March 29, 2020, the Company experienced a significant decline in its market capitalization below its consolidated book value . As a result, management concluded that there was a goodwill and an intangible asset impairment triggering event for the Company in the first quarter of 2020. Through its impairment analysis, the Company determined that goodwill in its Industrial segment was impaired and recognized a $ 116.2 million impairment. See Note 7, Goodwill and Intangible Assets , for additional information on the goodwill impairment.

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	6 Months Ended
	Jun. 28, 2020
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 six months ended June 28, 2020 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, 2019 , except as updated below with respect to newly adopted accounting standards. The preparation of these financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying disclosures. Some of the more significant estimates, which are impacted by management's estimates and assumptions regarding the effects of COVID-19, relate to recoverability of goodwill and indefinite-lived trade names, estimated total costs for ongoing long-term contracts accounted for as performance obligations where transfer of control occurs over time, inventory valuation, share-based compensation, amortization and impairment of long-lived assets, income taxes (including valuation allowance), penalty accruals for late shipments, other asset valuations, and product warranties. While management believes that the estimates and assumptions used in the preparation of the financial statements are appropriate, actual future results as estimated in the current period could differ materially from those estimates. New Accounting Standards - Adopted In December 2019, the FASB issued Accounting Standards Update ("ASU") No. 2019-12 , Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes , as part of its initiative to reduce complexity in the accounting standards. The amendments in ASU 2019-12 eliminate certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. ASU 2019-12 also clarifies and simplifies other aspects of the accounting for income taxes. The amendments in ASU 2019-12 are effective for the fiscal years beginning after December 15, 2020. Early adoption is permitted, including adoption in any interim period. The Company has early adopted this amendment as of June 28, 2020. The adoption of the standard did not have a material impact to the Company’s condensed consolidated financial position and results of operations as well as related income tax disclosures In June 2016, the Financial Accounting Standards Board ("FASB") issued ASU 2016-13, Financial Instruments - Credit Losses (ASC 326): Measurement of Credit Losses on Financial Instruments . The new guidance, referred to as the current expected credit loss (“CECL”) model, requires the measurement of expected credit losses for financial assets (e.g., accounts receivable) held at the reporting date based on historical experience, current economic conditions, and reasonable and supportable forecasts which generally result in the more timely recognition of losses. The adoption of this new guidance on January 1, 2020 did not have a material impact on our condensed consolidated financial statements.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 28, 2020
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	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 and 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. These actions were 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 meet the criteria of discontinued operations and are presented as such in the condensed consolidated financial statements for all periods presented. During the quarter ended June 28, 2020, the Company’s wholly-owned subsidiary, CIRCOR Energy Products LLC ("CEP"), completed the disposition of the DV business to MS Valves GmbH (the “Purchaser”) pursuant to the Securities Purchase Agreement dated June 5, 2020 (the “Purchase Agreement”), for negative $8.25 million and a working capital adjustment of negative $2.0 million . The transaction is subject to an earnout of 50% of net profit (only if positive) from closing through December 31, 2022. The Company has agreed to provide certain transition services for six to twelve months, depending on the nature of the services. As part of the transaction, CEP retained certain supplier liabilities and responsibility for closing the Mexico manufacturing facility. As a result of completing the disposition, the Company recognized a loss on disposal of $21.0 million during the three and six months ended June 28, 2020, within discontinued operations. In addition, CEP recognized approximately $5 million in additional impairment losses or accelerated depreciation expense related to certain assets associated with the Mexico manufacturing facility that were not sold as part of the disposition. The following table presents the summarized components of (loss) income from discontinued operations, for the DV business for the three and six months ended June 28, 2020 and June 30, 2019 , and for the EV business for the three and six months ended June 30, 2019 (in thousands): Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Net revenues $ 3,818 $ 23,839 $ 10,055 $ 55,379 Cost of revenues 15,040 27,228 26,398 59,313 Gross (loss) profit (11,222 ) (3,389 ) (16,343 ) (3,934 ) Selling, general and administrative expenses 5,935 3,726 9,074 9,192 Special and restructuring charges, net 20,454 778 19,126 804 Operating (loss) income (37,611 ) (7,893 ) (44,543 ) (13,930 ) Other (income) expense: Interest (income), net (7 ) (92 ) (14 ) (6 ) Other (income) expense, net (5,191 ) (72 ) 219 163 Total other (income) expense, net (5,198 ) (164 ) 205 157 (Loss) income from discontinued operations, before income taxes (32,413 ) (7,729 ) (44,748 ) (14,087 ) Provision for (benefit from) income tax 11,434 9,427 (10,063 ) 8,797 Loss from discontinued operations, net of tax $ (43,847 ) $ (17,156 ) $ (34,685 ) $ (22,884 ) Assets Held for Sale The Company completed the sale of the DV business during the quarter ended June 28, 2020. The Company completed the sale of its non-core Instrumentation and Sampling ("I&S") business during the quarter ended March 29, 2020. See Note 5 , Special and Restructuring Charges (Recoveries), net for additional information on the I&S business divestiture. As of December 31, 2019 , the DV and I&S businesses are reported as "held for sale" within the current assets and current liabilities section of our condensed consolidated balance sheet. The following table presents the balance sheet information for assets and liabilities held for sale as of December 31, 2019 (in thousands): December 31, 2019 DV I&S Total Trade accounts receivable, net $ 467 $ 9,935 $ 10,402 Inventories 55,521 13,878 69,399 Prepaid expenses and other current assets 2,867 616 3,483 Property, plant, and equipment, net 6,742 6,409 13,151 Goodwill — 91,492 91,492 Deferred tax asset 778 1,089 1,867 Other assets 4,793 6,363 11,156 Valuation adjustment on classification to assets held for sale (39,757 ) — (39,757 ) Total assets held for sale $ 31,411 $ 129,782 $ 161,193 Accounts payable $ 8,708 $ 5,997 $ 14,705 Accrued and other current liabilities 5,834 2,192 8,026 Deferred income taxes 638 151 789 Other liabilities 13,931 5,838 19,769 Total liabilities held for sale $ 29,111 $ 14,178 $ 43,289

Revenue Recognition (Notes)

Revenue Recognition (Notes)	6 Months Ended
	Jun. 28, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	r 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 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. For revenue that is recognized from products and services transferred to customers over-time, we use 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 use the cost-to-cost measure of progress 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 June 28, 2020 , we had $ 432.0 million of revenue related to remaining unfulfilled performance obligations. We expect to recognize approximately 58 % of our remaining performance obligations as revenue during the remainder of 2020 , 30 % in 2021 , and the remaining 12 % in 2022 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 six months ended June 28, 2020 . Disaggregation of Revenue. The Company determined that disaggregating revenue into these categories meets the disclosure objective in Topic 606 which is to depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors. The following tables present our revenue disaggregated by major product line and geographical market (in thousands): Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Aerospace & Defense Segment Commercial Aerospace & Other $ 25,195 $ 27,980 $ 51,515 $ 56,686 Defense 37,046 36,714 76,219 69,248 Total 62,241 64,694 127,734 125,934 Industrial Segment Valves 49,452 94,057 103,643 186,361 Pumps 74,373 87,017 146,902 172,328 Total 123,825 181,074 250,545 358,689 Net Revenue $ 186,066 $ 245,768 $ 378,279 $ 484,623 Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Aerospace & Defense Segment EMEA $ 14,254 $ 16,834 $ 29,061 $ 34,566 North America 44,707 41,485 90,695 78,878 Other 3,280 6,375 7,978 12,490 Total 62,241 64,694 127,734 125,934 Industrial Segment EMEA 52,420 63,265 109,426 139,008 North America 43,922 68,949 87,844 142,796 Other 27,483 48,860 53,275 76,885 Total 123,825 181,074 250,545 358,689 Net Revenue $ 186,066 $ 245,768 $ 378,279 $ 484,623 Contract Balances. The Company’s contract assets and contract liabilities balances as of June 28, 2020 and December 31, 2019 are as follows (in thousands): June 28, 2020 December 31, 2019 Increase/(Decrease) Trade accounts receivables, net $ 117,131 $ 125,422 $ (8,291 ) Contract assets (1) 67,465 52,781 14,684 Contract liabilities (2) 42,277 35,007 7,270 (1) Recorded within prepaid expenses and other current assets. (2) Recorded within accrued expenses and other current liabilities.

Special Charges_Recoveries

Special Charges/Recoveries	6 Months Ended
	Jun. 28, 2020
Restructuring and Related Activities [Abstract]
Special Charges/Recoveries	Special and Restructuring Charges (Recoveries), net Special and restructuring charges (recoveries), net Special and restructuring charges (recoveries), net consist of restructuring costs (including costs to exit a product line or program) as well as certain special charges (recoveries) 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 (recoveries), net on our condensed consolidated statements of operations. Certain other special and restructuring charges (recoveries) such as inventory related items may be recorded in cost of revenues given the nature of the item. The table below summarizes the amounts recorded within the special and restructuring charges (recoveries), net line item on the condensed consolidated statements of operations for the three and six months ended June 28, 2020 and June 30, 2019 (in thousands): Special & restructuring charges (recoveries), net Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Special charges (recoveries), net $ 5,019 $ 3,916 $ (40,156 ) $ (4,284 ) Restructuring charges, net 588 299 3,471 657 Total special and restructuring charges (recoveries), net $ 5,607 $ 4,215 $ (36,685 ) $ (3,627 ) Special charges (recoveries), net The table below details the special charges (recoveries), net recorded for the three and six months ended June 28, 2020 (in thousands): Special charges, net Three Months Ended June 28, 2020 Aerospace & Defense Industrial Corporate Total I&S divestiture $ — $ — $ (306 ) $ (306 ) Professional fees — — 4,570 4,570 Other special charges — — 755 755 Total special charges, net $ — $ — $ 5,019 $ 5,019 Special (recoveries) charges, net Six Months Ended June 28, 2020 Aerospace & Defense Industrial Corporate Total I&S divestiture $ — $ (53,202 ) $ (306 ) $ (53,508 ) Professional fees — — 6,925 6,925 Amortization of debt issuance fee — — 3,541 3,541 Other special charges — 101 2,785 2,886 Total special (recoveries) charges, net $ — $ (53,101 ) $ 12,945 $ (40,156 ) I&S divestiture: The Company recorded net special recoveries of $ (0.3) million and $ (53.5) million for the three and six months ended June 28, 2020 , respectively, attributed to the sale of the I&S business in January 2020 . During the quarter ended March 29, 2020, we received net cash proceeds of $ 169.8 million and recognized a pre-tax gain on sale of $ 54.6 million. The Industrial segment incurred $ 1.4 million of operating expenses associated with the I&S business for the three months ended March 29, 2020, which are presented net within the I&S divestiture line. Professional fees: The Company incurred special charges of $ 4.6 million and $ 6.9 million for the three and six months ended June 28, 2020 , respectively, associated with the review and response to an unsolicited tender offer to acquire the Company and related corporate governance actions, and for other proxy-related matters. Amortization of debt issuance fee: The Company incurred special charges of $ 3.5 million for the six months ended June 28, 2020 , for accelerated amortization of capitalized debt issuance costs in connection with the accounting for the paydown and refinancing of its term loan during the first quarter of 2020. See Note 9 , Financing Arrangements, for additional information on our debt repricing. Other special charges: The Company incurred special charges of $ 0.8 million and $ 2.9 million for the three and six months ended June 28, 2020 , respectively, associated with projects to streamline operations and reduce costs. The table below details the special charges, net recorded for the three and six months ended June 30, 2019 (in thousands): Special charges, net Three Months Ended June 30, 2019 Aerospace & Defense Industrial Corporate Total Reliability Services divestiture $ — $ 1,105 $ 286 $ 1,391 Trapped cost — — 450 450 Professional fees to review and respond to an unsolicited tender offer to acquire the Company — — 2,075 2,075 Total special charges, net $ — $ 1,105 $ 2,811 $ 3,916 Special (recoveries) charges, net Six Months Ended June 30, 2019 Aerospace & Defense Industrial Corporate Total Reliability Services divestiture $ — $ (9,177 ) $ 286 $ (8,891 ) Reliability Services 2019 operating expenses — 1,450 — 1,450 Rosscor divestiture related charges — 153 — 153 Trapped cost — — 929 929 Professional fees to review and respond to an unsolicited tender offer to acquire the Company — — 2,075 2,075 Total special (recoveries) charges, net $ — $ (7,574 ) $ 3,290 $ (4,284 ) Reliability Services divestiture: During the first quarter of 2019, the Company sold its Reliability Services business, and recorded a gain of $ 10.3 million. During the three months ended June 30, 2019, the Company recorded a $ 1.4 million charge related to the divested business, for a net gain of $8.9 million for the six months ended June 30, 2019. Reliability Services 2019 operating expenses: The Company classified the 2019 operating expenses of the Reliability Services business as special given the business was held for sale as of 2018 and was sold in January 2019. Rosscor divestiture: In November 2018 , the Company sold its Rosscor B.V. and SES International B.V. subsidiaries (the “Delden Business”) for a nominal amount. During the first six months of 2019, the Company recorded a $ 0.2 million charge related to the divestiture. Trapped cost: For the three and six months ended June 30, 2019, the Company has reclassified $.5 million and $.9 million , respectively, of Corporate costs previously allocated to businesses that were subsequently recorded as discontinued operations. Under GAAP, these costs did not meet the requirements of directly-attributable expenses of the discontinued operations. Professional fees: The Company incurred special charges of $ 2.1 million for the three and six months ended June 30, 2019 associated with the review and response to an unsolicited tender offer to acquire the Company. Restructuring charges, net The tables below detail the charges associated with restructuring actions recorded for the three and six months ended June 28, 2020 and June 30, 2019 (in thousands). Accruals associated with the restructuring actions are recorded within Accrued expenses and other current liabilities on the condensed consolidated balance sheets. 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 June 28, 2020 Aerospace & Defense Industrial Corporate Total Facility related expenses $ 19 $ — $ — $ 19 Employee related expenses, net 169 242 158 569 Total restructuring charges, net $ 188 $ 242 $ 158 $ 588 Restructuring charges, net As of and for the six months ended June 28, 2020 Aerospace & Defense Industrial Corporate Total Facility related expenses $ 30 $ — $ — $ 30 Employee related expenses, net 169 2,932 340 3,441 Total restructuring charges, net $ 199 $ 2,932 $ 340 $ 3,471 Accrued restructuring charges as of December 31, 2019 $ 5,199 Total year to date charges, net (shown above) 3,471 Charges paid / settled, net (5,560 ) Accrued restructuring charges as of June 28, 2020 $ 3,110 We expect to make payment or settle the majority of the restructuring charges accrued as of June 28, 2020 during the third and fourth quarters of 2020 . Restructuring charges, net As of and for the three months ended June 30, 2019 Aerospace & Defense Industrial Corporate Total Facility related expenses $ 145 $ — $ — $ 145 Employee related expenses — 154 — 154 Total restructuring charges, net $ 145 $ 154 $ — $ 299 Restructuring charges, net As of and for the six months ended June 30, 2019 Aerospace & Defense Industrial Corporate Total Facility related expenses $ 217 $ — $ — $ 217 Employee related expenses (3 ) 443 — 440 Total restructuring charges, net $ 214 $ 443 $ — $ 657 Restructuring Programs Summary We recorded $ 0.6 million and $ 3.5 million of restructuring charges during the three months and six months ended June 28, 2020, respectively, to reduce expenses primarily through reductions in force and to close a sales location to consolidate operations. During the three and six months ended June 30, 2019, we recorded $ 0.3 million and $ 0.7 million of restructuring charges, respectively, related to the program we initiated during 2018.

Inventories

Inventories	6 Months Ended
	Jun. 28, 2020
Inventory, Net [Abstract]
Inventories	Inventories Inventories consisted of the following (in thousands): June 28, 2020 December 31, 2019 Raw materials $ 73,560 $ 65,315 Work in process 50,076 53,891 Finished goods 24,747 18,103 Total inventories $ 148,383 $ 137,309

Goodwill And Intangible Assets

Goodwill And Intangible Assets	6 Months Ended
	Jun. 28, 2020
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, 2019 and June 28, 2020 (in thousands): Aerospace & Defense Industrial Total Goodwill as of December 31, 2019 $ 57,385 $ 214,508 $ 271,893 Impairment — (116,182 ) (116,182 ) Currency translation adjustments 66 877 943 Goodwill as of June 28, 2020 $ 57,451 $ 99,203 $ 156,654 We perform an impairment assessment for goodwill at the reporting unit level on an annual basis as of the end of our October month end or more frequently if circumstances warrant. At June 28, 2020, the Company performed a review and determined there were no triggering events requiring an impairment assessment. At March 29, 2020, the Company reorganized its reporting units (see Note 8, Segment Information) and had its stock price drop below book value, which the Company determined were triggering events requiring an assessment of its goodwill and indefinite-lived trade names. For the assessment of goodwill as of March 29, 2020, we estimated the fair value of our two reporting units, Industrial and Aerospace & Defense, using an income approach based on the present value of future cash flows. We also utilized the implied market value method under the market approach to validate the fair value amount we obtained using a discounted cash flow model income approach which indicated a control premium. Management believes this approach was the best approximation of fair value of its reporting units in the current economic environment considering the uncertainty caused by the COVID-19 pandemic. The key assumptions utilized in our discounted cash flow model include our estimates of the rate of revenue growth, including the rate of growth used in terminal year value, the assumption of a control premium, and the discount rate based on a weighted average cost of capital. The relevant inputs, estimates and assumptions used in the implied market value method include our market capitalization as of March 29, 2020, and selection of a control premium. The Company believes its assumptions used to determine the fair value of its reporting unit are reasonable and consistent with market conditions at the time of estimation. Actual operating results and the related cash flows of the reporting units could differ from the estimated operating results and related cash flows. Based on our impairment assessment as of March 29, 2020, we concluded that our goodwill in the Industrial reporting unit was impaired and, accordingly, recorded a goodwill impairment charge of $ 116.2 million. There was no impairment identified with respect to the Company's indefinite-lived trade name assets. Due to the presence of impairment indicators, we also performed an impairment test of each reporting unit’s long-lived assets. This impairment evaluation was based on expectations of future undiscounted cash flows compared to the carrying value of the long-lived assets. The Company’s cash flow estimates were consistent with those used in the goodwill impairment test discussed above. Based on this analysis, the undiscounted cash flows of our long-lived assets were in excess of their carrying value and thus deemed to not be impaired. The Company believes its procedures for estimating future cash flows were reasonable and consistent with market conditions at the time of estimation. As such, management determined that its long-lived assets other than goodwill were not impaired and that the long-lived assets did not suffer a decline in utility requiring a reassessment of their useful lives. The table below presents gross intangible assets and the related accumulated amortization as of June 28, 2020 (in thousands): Gross Carrying Amount Accumulated Amortization Net Carrying Value Patents $ 5,368 $ (5,368 ) $ — Customer relationships 298,942 (95,348 ) 203,594 Backlog 13,427 (12,465 ) 962 Acquired technology 134,574 (51,000 ) 83,574 Total Amortized Intangibles $ 452,311 $ (164,181 ) $ 288,130 Non-amortized intangibles (primarily trademarks and trade names) $ 74,957 $ — $ 74,957 Total Non-Amortized Intangibles $ 74,957 $ — $ 74,957 Net carrying value of intangible assets $ 363,087 The table below presents estimated remaining amortization expense for intangible assets recorded as of June 28, 2020 (in thousands): 2020 2021 2022 2023 2024 After 2024 Estimated amortization expense $ 22,126 $ 41,264 $ 36,266 $ 31,796 $ 27,939 $ 128,739

Segment Information

Segment Information	6 Months Ended
	Jun. 28, 2020
Segment Reporting [Abstract]
Segment Information	Segment Information Our Chief Operating Decision Maker (the "CODM") 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. During the quarter ended March 29, 2020 , we divested our I&S business, which was previously part of the Energy segment. See Note 5 , Special and Restructuring Charges (Recoveries), net for additional information on this divestiture. In light of this divestiture, effective March 29, 2020 , we realigned our segments by eliminating the Energy segment and moving the remaining businesses into the Industrial segment. The new reporting segments are Industrial and Aerospace & Defense, which is the level at which the CODM regularly reviews operating results. The current and prior periods are reported under this new segment structure. The following table presents certain reportable segment information (in thousands): Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Net revenues Aerospace & Defense $ 62,241 $ 64,694 $ 127,734 $ 125,934 Industrial 123,825 181,074 250,545 358,689 Consolidated net revenues $ 186,066 $ 245,768 $ 378,279 $ 484,623 Results from continuing operations before income taxes Aerospace & Defense - Segment Operating Income $ 13,142 $ 10,443 $ 25,636 $ 19,817 Industrial - Segment Operating Income 12,406 26,174 17,575 48,754 Corporate expenses (9,664 ) (8,028 ) (16,252 ) (16,550 ) Segment Operating Income 15,884 28,589 26,959 52,021 Restructuring charges, net 588 299 3,471 657 Special charges (recoveries), net 5,019 3,916 (40,156 ) (4,284 ) Special and restructuring charges (recoveries), net 5,607 4,215 (36,685 ) (3,627 ) Restructuring related inventory charges — — (602 ) 325 Amortization of inventory step-up — — — — Impairment charges — — 116,182 726 — Acquisition amortization 10,681 11,248 20,898 23,324 Acquisition depreciation 980 1,106 1,955 2,229 Acquisition amortization and other costs, net 11,661 12,354 138,433 25,878 Consolidated Operating (Loss) Income (1,384 ) 12,020 (74,789 ) 29,770 Interest expense, net 8,486 12,947 17,497 26,041 Other (income) expense, net 2,144 153 (536 ) (1,995 ) (Loss) income from continuing operations before income taxes $ (12,014 ) $ (1,080 ) $ (91,750 ) $ 5,724 Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Capital expenditures Aerospace & Defense $ 686 $ 591 $ 1,327 $ 1,378 Industrial 2,241 1,604 4,557 3,279 Corporate 132 269 330 656 Consolidated capital expenditures $ 3,059 $ 2,464 $ 6,214 $ 5,313 Depreciation and amortization Aerospace & Defense $ 3,087 $ 2,775 $ 6,180 $ 5,448 Industrial 12,742 14,406 25,161 29,605 Corporate 105 167 230 331 Consolidated depreciation and amortization $ 15,934 $ 17,348 $ 31,571 $ 35,384 Identifiable assets June 28, 2020 June 30, 2019 Aerospace & Defense $ 429,197 $ 419,692 Industrial 1,421,404 1,985,979 Corporate (590,234 ) (692,974 ) Consolidated identifiable assets $ 1,260,367 $ 1,712,697 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 $49.8 million and $20.9 million as of June 28, 2020 and June 30, 2019 , respectively.

Financing Arrangements

Financing Arrangements	6 Months Ended
	Jun. 28, 2020
Fair Value Disclosures [Abstract]
Financial Instruments	Financing Arrangements 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 aggregate fair value of the Company's interest rate swap and cross-currency swap as of June 28, 2020 are summarized in the table below (in thousands): Level 2 - Significant Other Observable Inputs Derivative assets $ 2,729 Derivative liabilities $ (11,308 ) 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 June 28, 2020 , the fair value of our gross debt (before netting debt issuance costs) was $ 565.4 million, or $26.6 million below our carrying cost of $592 million and is a Level 2 financial instrument. Financial Instruments As of June 28, 2020 and December 31, 2019 , the Company had restricted cash balances of $1.0 million and $1.2 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. The Company has a receivable purchasing agreement with a bank whereby the Company can sell selected accounts receivable and obtain between 90% and 100% of the purchase price upfront, net of applicable discount fee, and the residual amount as the receivables are collected. The Company services the collection of the outstanding receivables. During the three and six months ended June 28, 2020, the Company sold a total of $14.7 million and $29.2 million, respectively, of receivables under the program, receiving $13.8 million and $27.4 million, respectively, in upfront cash. No receivables were sold during the six months ended June 30, 2019. At June 28, 2020, a beneficial interest balance of $0.9 million was recorded in prepaid expenses and other current assets on the condensed consolidated balance sheet. The Company has a 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 International Swaps and Derivatives Association ("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 2.4% and a maturity date of July 12, 2022. At inception, the cross-currency swap was designated as a net investment hedge. This hedging agreement mitigates 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 an interest rate swap pursuant to an ISDA Master Agreement with Citizens Bank, National Association. The four-year interest rate swap has a fixed notional value of $400.0 million with a 1% LIBOR floor and a maturity date of April 12, 2022. The fixed rate of interest paid by the Company is comprised of our current credit spread of 325 basis points plus 2.6475% for a total interest rate of 5.8975% . The ISDA Master Agreement, together with its related schedules, contains customary representations, warranties, and covenants. We have 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 $ (8.6) million . These balances are recorded in other long-term liabilities of $4.9 million , accrued expenses and other current liabilities of $6.4 million , and other current assets of $2.7 million on our condensed consolidated balance sheet as of June 28, 2020 . In addition, the Company recorded long-term deferred tax assets of $2.5 million associated with its hedge instruments as of June 28, 2020. The amount of gains (loss) recognized in other comprehensive (loss) income ("OCI") and reclassified from accumulated other comprehensive (loss) income ("AOCI") to income are summarized below (in thousands): Three Months Ended Six Months Ended June 28, 2020 June 28, 2020 Amount of loss recognized in OCI $ (682 ) $ (4,788 ) Amount of loss reclassified from AOCI into income $ (1,664 ) $ (2,757 ) The realized losses of $1.7 million and $2.8 million were reclassified from other comprehensive loss to interest expense and accrued on the swap during the three and six months ended June 28, 2020 , respectively. Amounts expected to be reclassified from other comprehensive income into interest expense in the coming 12 months is a loss of $6.3 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 $6.0 million and $12.0 million for the three and six months ended June 28, 2020 , respectively. Debt As of June 28, 2020 , total debt was $578.6 million compared to $ 636.3 million as of December 31, 2019. Total debt is net of unamortized term loan debt issuance costs of $13.4 million and $ 17.6 million at June 28, 2020 and December 31, 2019 , respectively. The Company made interest payments of $17.2 million and $24.9 million during the six months ended June 28, 2020 , and June 30, 2019, respectively. During the six months ended June 28, 2020 , the Company paid down $ 161.8 million on its term loan from proceeds received through the sale of the I&S business. On March 20, 2020, the Company drew down $ 80.0 million on its line of credit due to concerns about possible disruptions to global capital markets stemming from COVID-19. During the first quarter of 2020, the Company amended its term loan to lower the interest rate associated with the applicable margin calculation. The new terms lower the interest rate on the Company's term loan from LIBOR plus an applicable margin of 3.5% to LIBOR plus an applicable margin of 3.25% , based on its existing corporate family rating from Moody's. The applicable margin reduces to LIBOR plus an applicable margin of 3.00% , with a corporate family rating from Moody's of B1 or better. As part of the debt repricing, the Company's outstanding loan balance was reallocated amongst the lender group. The Company evaluated the changes in outstanding loan balance for each individual lender to determine the amount of capitalized debt issuance costs that required adjustment. Through this exercise, the Company determined that certain creditors under the original term loan did not participate in this refinancing transaction and ceased being creditors of the Company. As a result, the Company recorded a debt extinguishment loss of $3.5 million in the first quarter of during Q1 2020 which was recorded to Special and restructuring charges (recoveries), net, on the condensed consolidated statement of operations. For the remainder of the creditors, this transaction was accounted for as a modification. The Company accounted for the amendment pursuant to

Guarantees And Indemnification

Guarantees And Indemnification Obligations	6 Months Ended
	Jun. 28, 2020
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 June 28, 2020 . We record provisions for the estimated cost of product warranties, primarily from historical information, at the time product revenue is recognized. We also record provisions with respect to any significant individual warranty issues as they arise. While we engage in extensive product quality programs and processes, our warranty obligation is affected by product failure rates, utilization levels, material usage, service delivery costs incurred in correcting a product failure, and supplier warranties on parts delivered to us. Should actual product failure rates, utilization levels, material usage, service delivery costs or supplier warranties on parts differ from our estimates, revisions to the estimated warranty liability would be required. The following table sets forth information related to our product warranty reserves for the six months ended June 28, 2020 (in thousands): Balance beginning December 31, 2019 $ 1,642 Provisions 1,001 Claims settled (1,126 ) Currency translation adjustment (10 ) Balance ending June 28, 2020 $ 1,507

Contingencies And Commitments

Contingencies And Commitments	6 Months Ended
	Jun. 28, 2020
Commitments and Contingencies Disclosure [Abstract]
Contingencies And Commitments	(11) Commitments and Contingencies We are subject to various legal proceedings and claims pertaining to matters such as product liability or contract disputes, including issues arising under certain customer contracts with aerospace and defense customers. We are also subject to other proceedings and governmental inquiries, inspections, audits or investigations pertaining to issues such as tax matters, patents and trademarks, pricing, business practices, governmental regulations, employment and other matters. Although the results of litigation and claims cannot be predicted with certainty, we expect that the ultimate disposition of these matters, to the extent not previously provided for, will not have a material adverse effect, individually or in the aggregate, on our business, financial condition, results of operations or liquidity. 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. The Hoke subsidiary was divested in January 2020 through our sale of the I&S business. However, the Company has indemnified the buyer for asbestos-related claims that are made against Hoke. 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 $35.3 million at June 28, 2020 . 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 June 28, 2020 . The following table contains information related to standby letters of credit instruments outstanding as of June 28, 2020 (in thousands): Term Remaining Maximum Potential Future Payments 0–12 months $ 22,123 Greater than 12 months 13,207 Total $ 35,330

Retirement Plans

Retirement Plans	6 Months Ended
	Jun. 28, 2020
Retirement Benefits, Description [Abstract]
Retirement Plans	(12) Retirement Plans The following table sets forth the components of total net periodic benefit cost (income) of the Company’s defined benefit pension plans and other post-retirement employee benefit plans (in thousands): Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Pension Benefits - U.S. Plans Interest cost $ 1,396 $ 1,967 $ 2,795 $ 3,934 Expected return on plan assets (2,746 ) (2,742 ) (5,493 ) (5,484 ) Amortization 42 129 85 259 Net periodic benefit income $ (1,308 ) $ (646 ) $ (2,613 ) $ (1,291 ) Pension Benefits - Non-U.S. Plans Service cost $ 667 $ 688 $ 1,359 $ 1,382 Interest cost 321 549 660 1,104 Expected return on plan assets (175 ) (244 ) (370 ) (491 ) Amortization (31 ) 5 — 9 Net periodic benefit cost $ 782 $ 998 $ 1,649 $ 2,004 Other Post-Retirement Benefits Interest cost $ 66 $ 93 $ 132 $ 187 Net periodic benefit cost $ 66 $ 93 $ 132 $ 187 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 operations for the three months ended June 28, 2020 and June 30, 2019 , respectively. There were no employer contributions to the Company's U.S. and non- U.S. based pension plans during the three and six months ended June 28, 2020 .

Income Taxes

Income Taxes	6 Months Ended
	Jun. 28, 2020
Income Tax Disclosure [Abstract]
Income Taxes	(13) Income Taxes As of June 28, 2020 and December 31, 2019, we had $1.1 million and $0.6 million , respectively, of unrecognized tax benefits, all of which 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 2015 , except for Germany which is under examination from 2006 to 2015. 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 $14.3 million at June 28, 2020 and December 31, 2019. The valuation allowance is based on estimates of income in each of the jurisdictions in which we operate and the period over which our deferred tax assets will be recoverable. If future results of operations exceed our current expectations, our existing tax valuation allowances may be adjusted, resulting in future tax benefits. Alternatively, if future results of operations are less than expected, future assessments may result in a determination that some or all of the deferred tax assets are not realizable. On July 9, 2020, the US Department of the Treasury (Treasury) and Internal Revenue Service (IRS) released Final Regulations (Final Regulations) that provide guidance on the section 250 deduction for foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI). In addition, on July 20, 2020, Treasury released Proposed Regulations concerning GILTI. We are evaluating these Regulations and the impact to the realizability of our US deferred tax assets. It is possible that this evaluation could result in the recording of a valuation allowance against all or a portion of US deferred tax assets, ranging up to approximately $50 million, which would be recorded in the third quarter results of 2020. On March 27, 2020, the United States enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act as a result of the COVID-19 pandemic, which contains among other things, numerous income tax provisions. Some of these tax provisions are expected to be effective retroactively for years ending before the date of enactment. The Company has evaluated the current legislation and at this time, does not anticipate the CARES Act to have a material impact on its financial statements. During the six months ended June 28, 2020 and June 30, 2019, the Company paid income taxes of $3.5 million and $5.1 million, respectively.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 28, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share-Based Compensation	(14) Share-Based Compensation As of June 28, 2020 , the Company had 680,753 stock options and 780,433 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 434,593 shares available for grant as of June 28, 2020 . During the six months ended June 28, 2020 , there were no stock options granted as compared with 153,726 stock options granted during the six months ended June 30, 2019 . The average fair value of stock options granted during the first six months of 2019 was $11.84 per share, and was estimated using the following weighted-average assumptions: June 30, 2019 Risk-free interest rate 2.6 % Expected life (years) 4.4 Expected stock volatility 38.1 % 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, 2019 . During the six months ended June 28, 2020 and June 30, 2019 , we granted 606,679 and 196,231 RSU Awards with approximate fair values of $12.60 and $32.60 per RSU Award, respectively. During the first six months of 2020 and 2019 , we granted performance-based RSU Awards as part of the overall mix of RSU Awards. Of the 606,679 RSU Awards granted during the six months ended June 28, 2020 , 109,278 are performance-based RSU Awards. This compares to 67,362 performance-based RSU Awards granted during the six months ended June 30, 2019 . In 2020, these performance-based RSU Awards include metrics for achieving Adjusted Operating Margin and Adjusted Measurement Cash Flow with target payouts ranging from 0% to 200% . In 2019, the performance-based RSU Awards include metrics for achieving Adjusted Operating Margin and Adjusted Free Cash Flow with the same target payout ranges. Of the different performance-based RSU tranches, the Company anticipates approximately 27% overall achievement and probability to vest. There were no RSU MSPs granted during the six months ended June 28, 2020 whereas RSU MSPs totaling 56,379 with per unit discount amount representing a fair value of $11.10 per share were granted during the six months ended June 30, 2019 . Compensation expense related to our share-based plans for the six months ended June 28, 2020 and June 30, 2019 was $2.5 million and $3.1 million , respectively. The decrease in costs in the current period is primarily related to lower forecasted achievement of performance-based RSU metrics. Compensation expense for six months ended June 28, 2020 was recorded as follows: $2.2 million in selling, general and administrative expenses, $0.1 million in special charges related to the sale of our I&S business, and $0.2 million in discontinued operations related to the sale of our DV business. The special charges and discontinued operations costs relate to the accelerated vesting of awards as a result of the sale transactions. Compensation expense for the six months ended June 30, 2019 was recorded in selling, general and administrative expenses. As of June 28, 2020 , there were $8.9 million of total unrecognized compensation costs related to our outstanding share-based compensation arrangements. That cost is expected to be recognized over a weighted average period of 1.8 years. The weighted average contractual term for stock options outstanding and options exercisable as of June 28, 2020 was 3.6 years and 3.2 years, respectively. The aggregate intrinsic value of stock options exercised during the six months ended June 28, 2020 was insignificant. The aggregate intrinsic value of stock options outstanding and exercisable as of June 28, 2020 were insignificant. The aggregate intrinsic value of RSU Awards settled during the six months ended June 28, 2020 was $1.7 million and the aggregate intrinsic value of RSU Awards outstanding and RSU Awards vested and deferred as of June 28, 2020 was $16.2 million and $0.0 million , respectively. The aggregate intrinsic values of RSU MSPs settled, outstanding, and vested and deferred during the six months ended June 28, 2020 were insignificant. The majority of international participants are issued Cash Settled Stock Unit Awards. As of June 28, 2020 , there were 51,693 Cash Settled Stock Unit Awards outstanding compared to 45,681 as of December 31, 2019 . During the six months ended June 28, 2020 , the aggregate cash used to settle Cash Settled Stock Unit Awards was $0.7 million . As of June 28, 2020 , we had $0.3 million of accrued expenses in other non-current liabilities associated with these Cash Settled Stock Unit Awards compared with $0.9 million as of December 31, 2019 . Cash Settled Stock Unit Award related compensation costs for the six months ended June 28, 2020 and June 30, 2019 were $0.1 million and $0.8 million , respectively. The decrease in cost is due primarily to a lower stock price as of June 28, 2020 compared to June 30, 2019 . For the six months ended June 28, 2020 , $0.1 million was recorded as special charges related to the sale of our I&S business. The special charge amount related to the accelerated vesting of awards as a result of the transaction. For the six months ended June 30, 2019 , compensation costs for Cash Settled Stock Unit Awards were recorded entirely in selling, general, and administrative expense.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 28, 2020
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The following table summarizes the changes in accumulated other comprehensive loss, net of tax, which is reported as a component of shareholders' equity, for the six months ended June 28, 2020 (in thousands): Foreign Currency Translation Adjustments Pension, net Derivative Total Balance as of December 31, 2019 $ (53,848 ) $ (19,513 ) $ (6,906 ) $ (80,267 ) Other comprehensive (loss) income (6,235 ) 82 (1,565 ) (7,718 ) Balance as of June 28, 2020 $ (60,083 ) $ (19,431 ) $ (8,471 ) $ (87,985 )

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Jun. 28, 2020
Earnings Per Share [Abstract]
Earnings Per Common Share	(16) (Loss) Income Per Common Share ("EPS") For the three months ended June 28, 2020, the calculation of diluted EPS included the dilutive effect of securities totaling 299,034 shares, consisting of 248,227 shares of RSU Awards and 50,807 shares of RSU MSPs. Stock options, RSU Awards, and RSU MSPs covering 773,708 and 447,764 shares of common stock for the six months ended June 28, 2020 and June 30, 2019 , 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)	6 Months Ended
	Jun. 28, 2020
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 six months ended June 28, 2020 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, 2019 , except as updated below with respect to newly adopted accounting standards. The preparation of these financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying disclosures. Some of the more significant estimates, which are impacted by management's estimates and assumptions regarding the effects of COVID-19, relate to recoverability of goodwill and indefinite-lived trade names, estimated total costs for ongoing long-term contracts accounted for as performance obligations where transfer of control occurs over time, inventory valuation, share-based compensation, amortization and impairment of long-lived assets, income taxes (including valuation allowance), penalty accruals for late shipments, other asset valuations, and product warranties. While management believes that the estimates and assumptions used in the preparation of the financial statements are appropriate, actual future results as estimated in the current period could differ materially from those estimates. New Accounting Standards - Adopted In December 2019, the FASB issued Accounting Standards Update ("ASU") No. 2019-12 , Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes , as part of its initiative to reduce complexity in the accounting standards. The amendments in ASU 2019-12 eliminate certain exceptions related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. ASU 2019-12 also clarifies and simplifies other aspects of the accounting for income taxes. The amendments in ASU 2019-12 are effective for the fiscal years beginning after December 15, 2020. Early adoption is permitted, including adoption in any interim period. The Company has early adopted this amendment as of June 28, 2020. The adoption of the standard did not have a material impact to the Company’s condensed consolidated financial position and results of operations as well as related income tax disclosures In June 2016, the Financial Accounting Standards Board ("FASB") issued ASU 2016-13, Financial Instruments - Credit Losses (ASC 326): Measurement of Credit Losses on Financial Instruments . The new guidance, referred to as the current expected credit loss (“CECL”) model, requires the measurement of expected credit losses for financial assets (e.g., accounts receivable) held at the reporting date based on historical experience, current economic conditions, and reasonable and supportable forecasts which generally result in the more timely recognition of losses. The adoption of this new guidance on January 1, 2020 did not have a material impact on our condensed consolidated financial statements.

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 28, 2020
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 DV business for the three and six months ended June 28, 2020 and June 30, 2019 , and for the EV business for the three and six months ended June 30, 2019 (in thousands): Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Net revenues $ 3,818 $ 23,839 $ 10,055 $ 55,379 Cost of revenues 15,040 27,228 26,398 59,313 Gross (loss) profit (11,222 ) (3,389 ) (16,343 ) (3,934 ) Selling, general and administrative expenses 5,935 3,726 9,074 9,192 Special and restructuring charges, net 20,454 778 19,126 804 Operating (loss) income (37,611 ) (7,893 ) (44,543 ) (13,930 ) Other (income) expense: Interest (income), net (7 ) (92 ) (14 ) (6 ) Other (income) expense, net (5,191 ) (72 ) 219 163 Total other (income) expense, net (5,198 ) (164 ) 205 157 (Loss) income from discontinued operations, before income taxes (32,413 ) (7,729 ) (44,748 ) (14,087 ) Provision for (benefit from) income tax 11,434 9,427 (10,063 ) 8,797 Loss from discontinued operations, net of tax $ (43,847 ) $ (17,156 ) $ (34,685 ) $ (22,884 ) Assets Held for Sale The Company completed the sale of the DV business during the quarter ended June 28, 2020. The Company completed the sale of its non-core Instrumentation and Sampling ("I&S") business during the quarter ended March 29, 2020. See Note 5 , Special and Restructuring Charges (Recoveries), net for additional information on the I&S business divestiture. As of December 31, 2019 , the DV and I&S businesses are reported as "held for sale" within the current assets and current liabilities section of our condensed consolidated balance sheet. The following table presents the balance sheet information for assets and liabilities held for sale as of December 31, 2019 (in thousands): December 31, 2019 DV I&S Total Trade accounts receivable, net $ 467 $ 9,935 $ 10,402 Inventories 55,521 13,878 69,399 Prepaid expenses and other current assets 2,867 616 3,483 Property, plant, and equipment, net 6,742 6,409 13,151 Goodwill — 91,492 91,492 Deferred tax asset 778 1,089 1,867 Other assets 4,793 6,363 11,156 Valuation adjustment on classification to assets held for sale (39,757 ) — (39,757 ) Total assets held for sale $ 31,411 $ 129,782 $ 161,193 Accounts payable $ 8,708 $ 5,997 $ 14,705 Accrued and other current liabilities 5,834 2,192 8,026 Deferred income taxes 638 151 789 Other liabilities 13,931 5,838 19,769 Total liabilities held for sale $ 29,111 $ 14,178 $ 43,289

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 28, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Aerospace & Defense Segment Commercial Aerospace & Other $ 25,195 $ 27,980 $ 51,515 $ 56,686 Defense 37,046 36,714 76,219 69,248 Total 62,241 64,694 127,734 125,934 Industrial Segment Valves 49,452 94,057 103,643 186,361 Pumps 74,373 87,017 146,902 172,328 Total 123,825 181,074 250,545 358,689 Net Revenue $ 186,066 $ 245,768 $ 378,279 $ 484,623 Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Aerospace & Defense Segment EMEA $ 14,254 $ 16,834 $ 29,061 $ 34,566 North America 44,707 41,485 90,695 78,878 Other 3,280 6,375 7,978 12,490 Total 62,241 64,694 127,734 125,934 Industrial Segment EMEA 52,420 63,265 109,426 139,008 North America 43,922 68,949 87,844 142,796 Other 27,483 48,860 53,275 76,885 Total 123,825 181,074 250,545 358,689 Net Revenue $ 186,066 $ 245,768 $ 378,279 $ 484,623 Contract Balances. The Company’s contract assets and contract liabilities balances as of June 28, 2020 and December 31, 2019 are as follows (in thousands): June 28, 2020 December 31, 2019 Increase/(Decrease) Trade accounts receivables, net $ 117,131 $ 125,422 $ (8,291 ) Contract assets (1) 67,465 52,781 14,684 Contract liabilities (2) 42,277 35,007 7,270 (1) Recorded within prepaid expenses and other current assets. (2) Recorded within accrued expenses and other current liabilities.

Special Charges_Recoveries (Tab

Special Charges/Recoveries (Tables)	6 Months Ended
	Jun. 28, 2020
Restructuring and Related Activities [Abstract]
Special and Restructuring Charges, Net	The table below summarizes the amounts recorded within the special and restructuring charges (recoveries), net line item on the condensed consolidated statements of operations for the three and six months ended June 28, 2020 and June 30, 2019 (in thousands): Special & restructuring charges (recoveries), net Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Special charges (recoveries), net $ 5,019 $ 3,916 $ (40,156 ) $ (4,284 ) Restructuring charges, net 588 299 3,471 657 Total special and restructuring charges (recoveries), net $ 5,607 $ 4,215 $ (36,685 ) $ (3,627 )
Special Charges and Recoveries, Net	for the three and six months ended June 28, 2020 (in thousands): Special charges, net Three Months Ended June 28, 2020 Aerospace & Defense Industrial Corporate Total I&S divestiture $ — $ — $ (306 ) $ (306 ) Professional fees — — 4,570 4,570 Other special charges — — 755 755 Total special charges, net $ — $ — $ 5,019 $ 5,019 Special (recoveries) charges, net Six Months Ended June 28, 2020 Aerospace & Defense Industrial Corporate Total I&S divestiture $ — $ (53,202 ) $ (306 ) $ (53,508 ) Professional fees — — 6,925 6,925 Amortization of debt issuance fee — — 3,541 3,541 Other special charges — 101 2,785 2,886 Total special (recoveries) charges, net $ — $ (53,101 ) $ 12,945 $ (40,156 )
Special Charges, Net	The table below details the special charges, net recorded for the three and six months ended June 30, 2019 (in thousands): Special charges, net Three Months Ended June 30, 2019 Aerospace & Defense Industrial Corporate Total Reliability Services divestiture $ — $ 1,105 $ 286 $ 1,391 Trapped cost — — 450 450 Professional fees to review and respond to an unsolicited tender offer to acquire the Company — — 2,075 2,075 Total special charges, net $ — $ 1,105 $ 2,811 $ 3,916 Special (recoveries) charges, net Six Months Ended June 30, 2019 Aerospace & Defense Industrial Corporate Total Reliability Services divestiture $ — $ (9,177 ) $ 286 $ (8,891 ) Reliability Services 2019 operating expenses — 1,450 — 1,450 Rosscor divestiture related charges — 153 — 153 Trapped cost — — 929 929 Professional fees to review and respond to an unsolicited tender offer to acquire the Company — — 2,075 2,075 Total special (recoveries) charges, net $ — $ (7,574 ) $ 3,290 $ (4,284 )
Restructuring and Related Costs	Restructuring charges, net As of and for the three months ended June 30, 2019 Aerospace & Defense Industrial Corporate Total Facility related expenses $ 145 $ — $ — $ 145 Employee related expenses — 154 — 154 Total restructuring charges, net $ 145 $ 154 $ — $ 299 Restructuring charges, net As of and for the six months ended June 30, 2019 Aerospace & Defense Industrial Corporate Total Facility related expenses $ 217 $ — $ — $ 217 Employee related expenses (3 ) 443 — 440 Total restructuring charges, net $ 214 $ 443 $ — $ 657 Restructuring Programs Summary We recorded $ 0.6 million and $ 3.5 million of restructuring charges during the three months and six months ended June 28, 2020, respectively, to reduce expenses primarily through reductions in force and to close a sales location to consolidate operations. During the three and six months ended June 30, 2019, we recorded $ 0.3 million and $ 0.7 million of restructuring charges, respectively, related to the program we initiated during 2018. The tables below detail the charges associated with restructuring actions recorded for the three and six months ended June 28, 2020 and June 30, 2019 (in thousands). Accruals associated with the restructuring actions are recorded within Accrued expenses and other current liabilities on the condensed consolidated balance sheets. 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 June 28, 2020 Aerospace & Defense Industrial Corporate Total Facility related expenses $ 19 $ — $ — $ 19 Employee related expenses, net 169 242 158 569 Total restructuring charges, net $ 188 $ 242 $ 158 $ 588 Restructuring charges, net As of and for the six months ended June 28, 2020 Aerospace & Defense Industrial Corporate Total Facility related expenses $ 30 $ — $ — $ 30 Employee related expenses, net 169 2,932 340 3,441 Total restructuring charges, net $ 199 $ 2,932 $ 340 $ 3,471 Accrued restructuring charges as of December 31, 2019 $ 5,199 Total year to date charges, net (shown above) 3,471 Charges paid / settled, net (5,560 ) Accrued restructuring charges as of June 28, 2020 $ 3,110

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 28, 2020
Inventory, Net [Abstract]
Components Of Inventory	Inventories consisted of the following (in thousands): June 28, 2020 December 31, 2019 Raw materials $ 73,560 $ 65,315 Work in process 50,076 53,891 Finished goods 24,747 18,103 Total inventories $ 148,383 $ 137,309

Goodwill And Intangible Assets

Goodwill And Intangible Assets (Tables)	6 Months Ended
	Jun. 28, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill, By Segment	The following table shows goodwill by segment as of December 31, 2019 and June 28, 2020 (in thousands): Aerospace & Defense Industrial Total Goodwill as of December 31, 2019 $ 57,385 $ 214,508 $ 271,893 Impairment — (116,182 ) (116,182 ) Currency translation adjustments 66 877 943 Goodwill as of June 28, 2020 $ 57,451 $ 99,203 $ 156,654
Gross Intangible Assets And Related Accumulated Amortization	The table below presents gross intangible assets and the related accumulated amortization as of June 28, 2020 (in thousands): Gross Carrying Amount Accumulated Amortization Net Carrying Value Patents $ 5,368 $ (5,368 ) $ — Customer relationships 298,942 (95,348 ) 203,594 Backlog 13,427 (12,465 ) 962 Acquired technology 134,574 (51,000 ) 83,574 Total Amortized Intangibles $ 452,311 $ (164,181 ) $ 288,130 Non-amortized intangibles (primarily trademarks and trade names) $ 74,957 $ — $ 74,957 Total Non-Amortized Intangibles $ 74,957 $ — $ 74,957 Net carrying value of intangible assets $ 363,087
Estimated Remaining Amortization Expense For Intangible Assets	The table below presents estimated remaining amortization expense for intangible assets recorded as of June 28, 2020 (in thousands): 2020 2021 2022 2023 2024 After 2024 Estimated amortization expense $ 22,126 $ 41,264 $ 36,266 $ 31,796 $ 27,939 $ 128,739

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 28, 2020
Segment Reporting Information [Line Items]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	During the quarter ended March 29, 2020 , we divested our I&S business, which was previously part of the Energy segment. See Note 5 , Special and Restructuring Charges (Recoveries), net for additional information on this divestiture. In light of this divestiture, effective March 29, 2020 , we realigned our segments by eliminating the Energy segment and moving the remaining businesses into the Industrial segment. The new reporting segments are Industrial and Aerospace & Defense, which is the level at which the CODM regularly reviews operating results. The current and prior periods are reported under this new segment structure. The following table presents certain reportable segment information (in thousands): Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Net revenues Aerospace & Defense $ 62,241 $ 64,694 $ 127,734 $ 125,934 Industrial 123,825 181,074 250,545 358,689 Consolidated net revenues $ 186,066 $ 245,768 $ 378,279 $ 484,623 Results from continuing operations before income taxes Aerospace & Defense - Segment Operating Income $ 13,142 $ 10,443 $ 25,636 $ 19,817 Industrial - Segment Operating Income 12,406 26,174 17,575 48,754 Corporate expenses (9,664 ) (8,028 ) (16,252 ) (16,550 ) Segment Operating Income 15,884 28,589 26,959 52,021 Restructuring charges, net 588 299 3,471 657 Special charges (recoveries), net 5,019 3,916 (40,156 ) (4,284 ) Special and restructuring charges (recoveries), net 5,607 4,215 (36,685 ) (3,627 ) Restructuring related inventory charges — — (602 ) 325 Amortization of inventory step-up — — — — Impairment charges — — 116,182 726 — Acquisition amortization 10,681 11,248 20,898 23,324 Acquisition depreciation 980 1,106 1,955 2,229 Acquisition amortization and other costs, net 11,661 12,354 138,433 25,878 Consolidated Operating (Loss) Income (1,384 ) 12,020 (74,789 ) 29,770 Interest expense, net 8,486 12,947 17,497 26,041 Other (income) expense, net 2,144 153 (536 ) (1,995 ) (Loss) income from continuing operations before income taxes $ (12,014 ) $ (1,080 ) $ (91,750 ) $ 5,724 Three Months Ended Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Capital expenditures Aerospace & Defense $ 686 $ 591 $ 1,327 $ 1,378 Industrial 2,241 1,604 4,557 3,279 Corporate 132 269 330 656 Consolidated capital expenditures $ 3,059 $ 2,464 $ 6,214 $ 5,313 Depreciation and amortization Aerospace & Defense $ 3,087 $ 2,775 $ 6,180 $ 5,448 Industrial 12,742 14,406 25,161 29,605 Corporate 105 167 230 331 Consolidated depreciation and amortization $ 15,934 $ 17,348 $ 31,571 $ 35,384 Identifiable assets June 28, 2020 June 30, 2019 Aerospace & Defense $ 429,197 $ 419,692 Industrial 1,421,404 1,985,979 Corporate (590,234 ) (692,974 ) Consolidated identifiable assets $ 1,260,367 $ 1,712,697

Financing Arrangements Fair Val

Financing Arrangements Fair Value Measurements (Tables)	6 Months Ended
	Jun. 28, 2020
Fair Value Disclosures [Abstract]
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	The amount of gains (loss) recognized in other comprehensive (loss) income ("OCI") and reclassified from accumulated other comprehensive (loss) income ("AOCI") to income are summarized below (in thousands): Three Months Ended Six Months Ended June 28, 2020 June 28, 2020 Amount of loss recognized in OCI $ (682 ) $ (4,788 ) Amount of loss reclassified from AOCI into income $ (1,664 ) $ (2,757 )
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	The aggregate fair value of the Company's interest rate swap and cross-currency swap as of June 28, 2020 are summarized in the table below (in thousands): Level 2 - Significant Other Observable Inputs Derivative assets $ 2,729 Derivative liabilities $ (11,308 )

Guarantees And Indemnificatio_2

Guarantees And Indemnification Obligations (Tables)	6 Months Ended
	Jun. 28, 2020
Guarantees And Indemnification Obligations [Abstract]
Product Warranty Reserves	The following table sets forth information related to our product warranty reserves for the six months ended June 28, 2020 (in thousands): Balance beginning December 31, 2019 $ 1,642 Provisions 1,001 Claims settled (1,126 ) Currency translation adjustment (10 ) Balance ending June 28, 2020 $ 1,507

Contingencies And Commitments (

Contingencies And Commitments (Tables)	6 Months Ended
	Jun. 28, 2020
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 June 28, 2020 (in thousands): Term Remaining Maximum Potential Future Payments 0–12 months $ 22,123 Greater than 12 months 13,207 Total $ 35,330

Retirement Plans (Tables)

Retirement Plans (Tables)	6 Months Ended
	Jun. 28, 2020
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 Six Months Ended June 28, 2020 June 30, 2019 June 28, 2020 June 30, 2019 Pension Benefits - U.S. Plans Interest cost $ 1,396 $ 1,967 $ 2,795 $ 3,934 Expected return on plan assets (2,746 ) (2,742 ) (5,493 ) (5,484 ) Amortization 42 129 85 259 Net periodic benefit income $ (1,308 ) $ (646 ) $ (2,613 ) $ (1,291 ) Pension Benefits - Non-U.S. Plans Service cost $ 667 $ 688 $ 1,359 $ 1,382 Interest cost 321 549 660 1,104 Expected return on plan assets (175 ) (244 ) (370 ) (491 ) Amortization (31 ) 5 — 9 Net periodic benefit cost $ 782 $ 998 $ 1,649 $ 2,004 Other Post-Retirement Benefits Interest cost $ 66 $ 93 $ 132 $ 187 Net periodic benefit cost $ 66 $ 93 $ 132 $ 187

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 28, 2020
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 six months of 2019 was $11.84 per share, and was estimated using the following weighted-average assumptions: June 30, 2019 Risk-free interest rate 2.6 % Expected life (years) 4.4 Expected stock volatility 38.1 % Expected dividend yield — %

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 28, 2020
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	(15) Accumulated Other Comprehensive Loss The following table summarizes the changes in accumulated other comprehensive loss, net of tax, which is reported as a component of shareholders' equity, for the six months ended June 28, 2020 (in thousands): Foreign Currency Translation Adjustments Pension, net Derivative Total Balance as of December 31, 2019 $ (53,848 ) $ (19,513 ) $ (6,906 ) $ (80,267 ) Other comprehensive (loss) income (6,235 ) 82 (1,565 ) (7,718 ) Balance as of June 28, 2020 $ (60,083 ) $ (19,431 ) $ (8,471 ) $ (87,985 )
Schedule of Impact of Overstatement (Understatement) of Comprehensive Income

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Basis of Presentation [Abstract]
Asset Impairment Charges	$ 0	$ 0	$ 116,182	$ 0

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019	Dec. 31, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Liabilities					$ 43,289
Impairment of intangible assets	$ 0	$ 0	$ 116,182	$ 0
Disposal Group, Including Discontinued Operation, Assets					161,193
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					29,111
Operating (loss) income	(37,611)	$ (7,893)	(44,543)	$ (13,930)
Disposal Group, Including Discontinued Operation, Assets					$ 31,411
DV Business [Member] | Discontinued Operations, Disposed of by Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Definitive agreement amount	8,250		$ 8,250
Earn-out as percent of net income (percent)			50.00%
Loss on sale of disposal	21,000		$ 21,000
Impairment of intangible assets			5,000
Disposal Group, Including Discontinued Operation, Working Capital Adjustments	$ 2,000
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]
Loss on sale of disposal			(36,700)
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			4,600
Impairment of intangible assets			1,000
Adjustments to assets held for sale to fair value less expected costs to sell			$ 57,100

Discontinued Operations - Summa

Discontinued Operations - Summarized Components of (Loss) Income from Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Other (income) expense:
(Loss) income from discontinued operations, before income taxes	$ (43,847)	$ (17,156)	$ (34,685)	$ (22,884)
Discontinued Operations, Held-for-Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues	3,818	23,839	10,055	55,379
Cost of revenues	15,040	27,228	26,398	59,313
Gross (loss) profit	(11,222)	(3,389)	(16,343)	(3,934)
Selling, general and administrative expenses	5,935	3,726	9,074	9,192
Special and restructuring charges, net	20,454	778	19,126	804
Operating (loss) income	(37,611)	(7,893)	(44,543)	(13,930)
Other (income) expense:
Interest (income), net	(7)	(92)	(14)	(6)
Other (income) expense, net	5,191	72	(219)	(163)
Total other (income) expense, net	(5,198)	(164)	205	157
(Loss) income from discontinued operations, before income taxes	(32,413)	(7,729)	(44,748)	(14,087)
Provision for (benefit from) income tax	11,434	9,427	(10,063)	8,797
Loss from discontinued operations, net of tax	$ (43,847)	$ (17,156)	$ (34,685)	$ (22,884)

Discontinued Operations - Balan

Discontinued Operations - Balance Sheet Information for Assets and Liabilties Related to Discontinued Operations (Details) $ in Thousands	Dec. 31, 2019USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Trade accounts receivable, net	$ 10,402
Inventories	69,399
Prepaid expenses and other current assets	3,483
Property, plant, and equipment, net	13,151
Goodwill	91,492
Deferred tax asset	1,867
Other assets	11,156
Valuation adjustment on classification to assets held for sale	(39,757)
Total assets held for sale	161,193
Accounts payable	14,705
Accrued and other current liabilities	8,026
Disposal Group, Including Discontinued Operation, Deferred Tax Liabilities	789
Other liabilities	19,769
Total liabilities held for sale	43,289
Discontinued Operations, Held-for-Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Trade accounts receivable, net	467
Inventories	55,521
Prepaid expenses and other current assets	2,867
Property, plant, and equipment, net	6,742
Goodwill	0
Deferred tax asset	778
Other assets	4,793
Valuation adjustment on classification to assets held for sale	(39,757)
Total assets held for sale	31,411
Accounts payable	8,708
Accrued and other current liabilities	5,834
Disposal Group, Including Discontinued Operation, Deferred Tax Liabilities	638
Other liabilities	13,931
Total liabilities held for sale	29,111
Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Trade accounts receivable, net	9,935
Inventories	13,878
Prepaid expenses and other current assets	616
Property, plant, and equipment, net	6,409
Goodwill	91,492
Deferred tax asset	1,089
Other assets	6,363
Total assets held for sale	129,782
Accounts payable	5,997
Accrued and other current liabilities	2,192
Disposal Group, Including Discontinued Operation, Deferred Tax Liabilities	151
Other liabilities	5,838
Disposal Group, Including Discontinued Operation, Liabilities, Current	$ 14,178

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Dec. 31, 2019
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Increase (Decrease) in Accounts Receivable	$ (768)	$ (17,867)
Trade accounts receivable, less allowance for doubtful accounts of $10,877 and $3,086 at June 28, 2020 and December 31, 2019, respectively	117,131		$ 125,422
Total backlog	432,000
Contract with Customer, Liability	42,277
Contract with Customer, Asset, after Allowance for Credit Loss	$ 67,465
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	58.00%
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	30.00%
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	12.00%
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	$ 8,291
Trade accounts receivable, less allowance for doubtful accounts of $10,877 and $3,086 at June 28, 2020 and December 31, 2019, respectively	117,131		125,422
Increase in contract liabilities	(7,270)
Contract with Customer, Liability			35,007
Increase/(Decrease)	$ 14,684
Contract with Customer, Asset, after Allowance for Credit Loss			$ 52,781

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Trade accounts receivable, less allowance for doubtful accounts of $10,877 and $3,086 at June 28, 2020 and December 31, 2019, respectively	$ 117,131		$ 117,131		$ 125,422
Revenue by major product line	186,066	$ 245,768	378,279	$ 484,623
Contract with Customer, Asset, after Allowance for Credit Loss	67,465		67,465
Contract with Customer, Liability	42,277		42,277
Aerospace & Defense Segment
Disaggregation of Revenue [Line Items]
Revenue by major product line	62,241	64,694	127,734	125,934
Aerospace & Defense Segment | EMEA
Disaggregation of Revenue [Line Items]
Revenue by major product line	14,254	16,834	29,061	34,566
Aerospace & Defense Segment | North America
Disaggregation of Revenue [Line Items]
Revenue by major product line	44,707	41,485	90,695	78,878
Aerospace & Defense Segment | Total
Disaggregation of Revenue [Line Items]
Revenue by major product line	3,280	6,375	7,978	12,490
Aerospace & Defense Segment | Commercial Aerospace & Other
Disaggregation of Revenue [Line Items]
Revenue by major product line	25,195	27,980	51,515	56,686
Aerospace & Defense Segment | Defense
Disaggregation of Revenue [Line Items]
Revenue by major product line	37,046	36,714	76,219	69,248
Industrial Segment
Disaggregation of Revenue [Line Items]
Revenue by major product line	123,825	181,074	250,545	358,689
Industrial Segment | EMEA
Disaggregation of Revenue [Line Items]
Revenue by major product line	52,420	63,265	109,426	139,008
Industrial Segment | North America
Disaggregation of Revenue [Line Items]
Revenue by major product line	43,922	68,949	87,844	142,796
Industrial Segment | Total
Disaggregation of Revenue [Line Items]
Revenue by major product line	27,483	48,860	53,275	76,885
Industrial Segment | Valves
Disaggregation of Revenue [Line Items]
Revenue by major product line	49,452	94,057		186,361
Industrial Segment | Pumps
Disaggregation of Revenue [Line Items]
Revenue by major product line	74,373	$ 87,017		$ 172,328
Pumps | North America
Disaggregation of Revenue [Line Items]
Revenue by major product line			146,902
Valves | EMEA
Disaggregation of Revenue [Line Items]
Revenue by major product line			103,643
Accounting Standards Update 2014-09 [Member]
Disaggregation of Revenue [Line Items]
Trade accounts receivable, less allowance for doubtful accounts of $10,877 and $3,086 at June 28, 2020 and December 31, 2019, respectively	$ 117,131		117,131		125,422
Increase (Decrease) in Accounts and Other Receivables			(8,291)
Contract with Customer, Asset, after Allowance for Credit Loss					52,781
ContractwithCustomerAssetPeriodIncreaseDecrease			14,684
Contract with Customer, Liability					$ 35,007
Contract with Customer, Liability, Period Increase (Decrease)			$ 7,270

Special Charges_Recoveries (Det

Special Charges/Recoveries (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Restructuring Reserve [Roll Forward]
Restructuring Reserve Beginning of Period			$ 5,199
Restructuring Charges	$ 588	$ 299	3,471	$ 657
Other Nonrecurring (Income) Expense		3,916	(4,284)	(4,284)
Special charges paid			(5,560)
Restructuring Reserve End of Period	3,110		3,110
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	569	154	3,441	440
Corporate [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	158	0	340	0
Other Nonrecurring (Income) Expense		2,811	12,945
Corporate [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Restructuring Charges	$ 158	$ 0	$ 340	$ 0

Special Charges_Recoveries Char

Special Charges/Recoveries Charges Incurred to Date (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 28, 2020	Jun. 30, 2019	Dec. 31, 2019
Restructuring Cost and Reserve [Line Items]
Special Charges, Net	$ 5,019	$ 3,916		$ (40,156)	$ (4,284)
Restructuring Charges	588	299		3,471	657
Special Other Charges					1,450
Professional fees to review and respond to an unsolicited tender offer to acquire the Company	4,570			6,925
Other Nonrecurring (Income) Expense		3,916		(4,284)	(4,284)
Business Combination, Acquisition Related Costs		450			929
Restructuring and Related Cost, Incurred Cost	5,607	4,215		(36,685)	(3,627)
Restructuring Reserve	3,110			3,110		$ 5,199
Payments for Restructuring				(5,560)
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	569	154		3,441	440
Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Recoveries of Restructuring Charges	19	145		30	217
Energy [Member]
Restructuring Cost and Reserve [Line Items]
Professional fees to review and respond to an unsolicited tender offer to acquire the Company					153
Advanced Flow Solutions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	188	145		199	214
Other Nonrecurring (Income) Expense	5,019
Advanced Flow Solutions [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	169	0		169	(3)
Advanced Flow Solutions [Member] | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Recoveries of Restructuring Charges	19	(145)		30	(217)
Energy [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense				(7,574)
Total Industrial
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	242	154		2,932	443
Other Nonrecurring (Income) Expense		1,105		(53,101)
Total Industrial | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	242	154		2,932	443
Total Industrial | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Recoveries of Restructuring Charges	0	0		0	0
Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	158	0		340	0
Professional fees to review and respond to an unsolicited tender offer to acquire the Company	4,570			6,925
Other Nonrecurring (Income) Expense		2,811		12,945
Business Combination, Acquisition Related Costs		2,075			2,075
Corporate Segment [Member] | Divestiture [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges				3,290
Corporate Segment [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	158	0		340	0
Corporate Segment [Member] | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Recoveries of Restructuring Charges	0	0		0	0
Business Sales [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense				(40,156)
Acquisition-related Costs [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense		1,391	$ (10,300)	(8,891)	(8,900)
Acquisition-related Costs [Member] | Total Industrial | Divestiture [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		1,105		(9,177)
Acquisition-related Costs [Member] | Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense		286		286
Reliability Services divestiture related charges
Restructuring Cost and Reserve [Line Items]
Other Restructuring Costs				3,541
Other Nonrecurring (Income) Expense				(53,500)
Business Sales [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense	(306)			(53,508)
Business Sales [Member] | Total Industrial
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense				(53,202)
Business Sales [Member] | Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense	(306)			(306)
Sales [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense				2,886
Sales [Member] | Total Industrial
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense				101
Sales [Member] | Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Other Nonrecurring (Income) Expense	755			2,785
Segment Reconciling Items [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	0		(602)	325
Special Other Charges	5,019	3,916		(40,156)
Other Nonrecurring (Income) Expense	$ 5,607	$ 4,215		$ (36,685)	$ (3,627)

Special Charges Narrative (Deta

Special Charges Narrative (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 28, 2020	Mar. 29, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 28, 2020	Jun. 30, 2019	Dec. 31, 2019
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	$ 4,570,000				$ 6,925,000
Reclassification Of Corporate Costs Previously Allocated To Businesses That Were Subsequently Recorded As Discontinued Operations				$ 500,000		$ 900,000
Business Combination, Acquisition Related Costs			$ 450,000			929,000
Inventories	148,383,000				148,383,000		$ 137,309,000
Restructuring Charges	588,000		299,000		3,471,000	657,000
Special and restructuring (recoveries) charges, net			(3,916,000)		4,284,000	4,284,000
Proceeds from Divestiture of Businesses		$ 169.8			169,375,000	82,203,000
Business Combination, Separately Recognized Transactions, Net Gains and Losses		54,600,000
Business Combination, Separately Recognized Transactions, Expenses and Losses Recognized		$ 1.4
Industrial Segment
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges	242,000		154,000		2,932,000	443,000
Special and restructuring (recoveries) charges, net			(1,105,000)		53,101,000
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						153,000
Advanced Flow Solutions [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges	188,000		145,000		199,000	214,000
Special and restructuring (recoveries) charges, net	(5,019,000)
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	4,570,000				6,925,000
Business Combination, Acquisition Related Costs			2,075,000			2,075,000
Restructuring Charges	158,000		0		340,000	0
Special and restructuring (recoveries) charges, net			(2,811,000)		(12,945,000)
Divestiture [Member] | Corporate Segment [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges					3,290,000
Business Sales [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net	306,000				53,508,000
Business Sales [Member] | Industrial Segment
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net					53,202,000
Business Sales [Member] | Corporate Segment [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net	306,000				306,000
Reliability Services divestiture related charges
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net					53,500,000
Other Restructuring Costs					3,541,000
Sales [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net					(2,886,000)
Sales [Member] | Industrial Segment
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net					(101,000)
Sales [Member] | Corporate Segment [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net	$ (755,000)				(2,785,000)
Acquisition-related Costs [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net			(1,391,000)	$ 10,300,000	8,891,000	$ 8,900,000
Acquisition-related Costs [Member] | Corporate Segment [Member]
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Special and restructuring (recoveries) charges, net			(286,000)		(286,000)
Acquisition-related Costs [Member] | Divestiture [Member] | Industrial Segment
Effects on Future Earnings and Cash Flows Resulting from Exit Plan [Line Items]
Restructuring Charges			$ 1,105,000		$ (9,177,000)

Inventories (Components Of Inve

Inventories (Components Of Inventory) (Details) - USD ($) $ in Thousands	Jun. 28, 2020	Dec. 31, 2019
Inventory, Net [Abstract]
Raw materials	$ 73,560	$ 65,315
Work in process	50,076	53,891
Finished goods	24,747	18,103
Inventories	$ 148,383	$ 137,309

Goodwill And Intangible Asset_2

Goodwill And Intangible Assets (Goodwill, By Segment) (Details) $ in Thousands	Mar. 29, 2020unit	Jun. 28, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 28, 2020USD ($)	Jun. 30, 2019USD ($)
Goodwill [Line Items]
Number of Reporting Units | unit	2
Asset Impairment Charges		$ 0	$ 0	$ 116,182	$ 0
Goodwill, Purchase Accounting Adjustments				(116,182)
Goodwill [Roll Forward]
Goodwill as of December 31, 2019				271,893
Currency translation adjustments				943
Goodwill as of June 28, 2020		156,654		156,654
Aerospace [Member]
Goodwill [Roll Forward]
Currency translation adjustments				66
Goodwill as of June 28, 2020		57,451		57,451
Total Industrial
Goodwill [Roll Forward]
Currency translation adjustments				877
Goodwill as of June 28, 2020		$ 99,203		$ 99,203

Goodwill And Intangible Asset_3

Goodwill And Intangible Assets (Gross Intangible Assets And Related Accumulated Amortization) (Details) - USD ($) $ in Thousands	Jun. 28, 2020	Dec. 31, 2019
Intangible Assets [Line Items]
Gross Carrying Amount	$ 452,311
Accumulated Amortization	(164,181)
Finite-Lived Intangible Assets, Gross	288,130
Net carrying value of intangible assets	363,087	$ 385,542
Patents [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	5,368
Accumulated Amortization	(5,368)
Finite-Lived Intangible Assets, Net	0
Non-amortized intangibles (primarily trademarks and trade names) [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	74,957
Accumulated Amortization	0
Indefinite-Lived Intangible Assets Net of Impairment	74,957
Customer relationships
Intangible Assets [Line Items]
Gross Carrying Amount	298,942
Accumulated Amortization	(95,348)
Finite-Lived Intangible Assets, Net	203,594
Backlog [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	13,427
Accumulated Amortization	(12,465)
Finite-Lived Intangible Assets, Net	962
Acquired Technology [Member]
Intangible Assets [Line Items]
Gross Carrying Amount	134,574
Accumulated Amortization	(51,000)
Finite-Lived Intangible Assets, Net	$ 83,574

Goodwill And Intangible Asset_4

Goodwill And Intangible Assets (Estimated Remaining Amortization Expense For Intangible Assets) (Details) $ in Thousands	Jun. 28, 2020USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2020	$ 22,126
2021	41,264
2022	36,266
2023	31,796
2024	27,939
After 2024	$ 128,739

Segment Information (Reportable

Segment Information (Reportable Segment Information) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019	Dec. 31, 2019	Jul. 01, 2018
Segment Reporting Information [Line Items]
Restructuring Costs and Asset Impairment Charges	$ 11,661	$ 12,354	$ 138,433	$ 25,878
Net revenues	186,066	245,768	378,279	484,623
Operating Income (Loss)	(1,384)	12,020	(74,789)	29,770
Other Operating Income	15,884	28,589	26,959	52,021
Special Restructuring Charges				657
Special Other Charges				1,450
Total special charges, net		3,916	(4,284)	(4,284)
Restructuring Charges	588	299	3,471	657
Amortization of inventory step-up	0	0	0	0
Asset Impairment Charges	0	0	116,182	0
Interest expense	8,486	12,947	17,497	26,041
Other income, net	2,144	153	(536)	(1,995)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	(12,014)	(1,080)	(91,750)	5,724
Identifiable assets	1,260,367		1,260,367		$ 1,470,945	$ 1,712,697
Capital expenditures			6,815	6,358
Depreciation, Depletion and Amortization	15,934	17,348	31,571	35,384
Corporate Identifiable Assets After Elimination Of Intercompany Assets [Member]
Segment Reporting Information [Line Items]
Identifiable assets	49,800		49,800			20,900
Aerospace & Defense [Member]
Segment Reporting Information [Line Items]
Net revenues	62,241	64,694	127,734	125,934
Aerospace [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)	13,142	10,443	25,636	19,817
Identifiable assets	429,197		429,197			419,692
Capital expenditures	686	591	1,327	1,378
Depreciation, Depletion and Amortization	3,087	2,775	6,180	5,448
Corporate/Eliminations [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)	(9,664)	(8,028)	(16,252)	(16,550)
Capital expenditures	132	269	330	656
Depreciation, Depletion and Amortization			25,161
Industrial Segment
Segment Reporting Information [Line Items]
Net revenues	123,825	181,074	250,545	358,689
Operating Income (Loss)	12,406	26,174	17,575	48,754
Total special charges, net		1,105	(53,101)
Restructuring Charges	242	154	2,932	443
Identifiable assets	1,421,404		1,421,404			1,985,979
Capital expenditures	2,241	1,604	4,557	3,279
Depreciation, Depletion and Amortization	12,742	14,406		29,605
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Total special charges, net		2,811	12,945
Restructuring Charges	158	0	340	0
Identifiable assets	(590,234)		(590,234)			$ (692,974)
Depreciation, Depletion and Amortization	105	167	230	331
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Special Restructuring Charges	588	299	3,471
Special Other Charges	5,019	3,916	(40,156)
Total special charges, net	5,607	4,215	(36,685)	(3,627)
Restructuring Charges	0	0	(602)	325
Asset Impairment Charges	0		116,182
Special Acquisition Amortization	10,681	11,248	20,898	23,324
Restatement Impact	980	1,106	1,955	2,229
Revision of Prior Period, Adjustment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Capital expenditures	3,059	$ 2,464	6,214	$ 5,313
Interest Rate Swap [Member]
Segment Reporting Information [Line Items]
Interest expense	$ 6,000		$ 12,000

Financing Arrangements (Narrati

Financing Arrangements (Narrative) (Details) - USD ($)	Apr. 12, 2018	Dec. 11, 2017	Jun. 28, 2020	Mar. 29, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019	Dec. 31, 2020	Mar. 20, 2020	Dec. 31, 2019	Jul. 12, 2019
Derivative [Line Items]
Restricted Cash			$ 1			$ 1		$ 1.2
Accounts Receivable, Purchase			14.7
Proceeds from Sale and Collection of Receivables			13.8
Accounts Receivable, Sale, Outstanding Purchase Price			900,000			900,000
Derivative, Fair Value, Net			(11,308,000)			(11,308,000)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value			2,729,000			2,729,000
Interest Expense			8,486,000		$ 12,947,000	17,497,000	$ 26,041,000
Long Term Debt, Difference Between Carrying Value And Fair Value			26,600,000			26,600,000
Long-term Debt			592,000,000			592,000,000
Repayments of Long-term Debt						191,141,000	208,300,000
Interest Rate Swap [Member]
Derivative [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax			(1,664,000)			(2,757,000)
Derivative, Term of Contract	4 years
Cash flow hedge derivative instrument assets at fair value			(8,600,000)			(8,600,000)
Derivative, Loss on Derivative			1,700,000			2,800,000
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net			(6,300,000)			(6,300,000)
Interest Expense			6,000,000			12,000,000
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			4,900,000			4,900,000
Accrued Expenses and Other Current Liabilities [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Cash flow hedge derivative instrument assets at fair value			6,400,000			6,400,000
Other Current Assets [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Cash flow hedge derivative instrument assets at fair value			2,700,000			2,700,000
Deferred Tax Asset [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Cash flow hedge derivative instrument assets at fair value			2,500,000			2,500,000
Subsequent Event [Member] | Cross Currency Interest Rate Contract [Member]
Derivative [Line Items]
Derivative, notional amount											$ 100,000,000
Derivative, fixed interest rate											2.40%
Fair Value, Inputs, Level 2 [Member]
Derivative [Line Items]
Long-term Debt, Fair Value			565,400,000			$ 565,400,000
Minimum [Member]
Derivative [Line Items]
Accounts Receivable, Sale, Percent						90.00%
Maximum [Member]
Derivative [Line Items]
Accounts Receivable, Sale, Percent						100.00%
Citizen Bank, National Association [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, notional amount			$ 400,000,000			$ 400,000,000
Derivative, Variable Interest Rate			2.6475%			2.6475%
Derivative, fixed interest rate			5.8975%			5.8975%
Derivative, Current Credit Spread			3.25%			3.25%
Cash Flow Hedging [Member]
Derivative [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax			$ (682,000)			$ (4,788,000)
Term Loan [Member]
Derivative [Line Items]
Long-term Debt, Gross			578,600,000			578,600,000				$ 636,300,000
Unamortized Debt Issuance Expense			$ 13,400,000			13,400,000				$ 17,600,000
Debt Instrument, Periodic Payment, Interest						17,200,000	$ 24,900,000
Repayments of Long-term Debt						$ 161,800,000
Long-term Line of Credit									$ 80,000,000
Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Derivative [Line Items]
Debt Instrument, Basis Spread on Variable Rate				3.00%
New Credit Agreement [Member] | London Interbank Offered Rate (LIBOR) [Member]
Derivative [Line Items]
Debt Instrument, Basis Spread on Variable Rate		3.50%
New Credit Agreement [Member] | Base Rate [Member]
Derivative [Line Items]
Debt Instrument, Basis Spread on Variable Rate		3.25%

Guarantees And Indemnificatio_3

Guarantees And Indemnification Obligations (Product Warranty Reserves) (Details)	6 Months Ended
	Jun. 28, 2020USD ($)
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Balance beginning December 31, 2014	$ 1,642,000
Provisions	1,001,000
Claims settled	(1,126,000)
Currency translation adjustments	(10,000)
Balance ending October 1, 2017	1,507,000
Liability for indemnification agreements	$ 0

Contingencies And Commitments_2

Contingencies And Commitments (Narrative) (Details) $ in Thousands	6 Months Ended
	Jun. 28, 2020USD ($)
Contingencies, Commitments And Guarantees [Line Items]
Aggregate notional value standby letters of credit	$ 35,330
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	Jun. 28, 2020USD ($)
Contingencies, Commitments And Guarantees [Line Items]
Letters of Credit Outstanding, Amount	$ 35,330
0-12 months [Member]
Contingencies, Commitments And Guarantees [Line Items]
Letters of Credit Outstanding, Amount	22,123
Greater than 12 months [Member]
Contingencies, Commitments And Guarantees [Line Items]
Letters of Credit Outstanding, Amount	$ 13,207

Retirement Plans (Components Of

Retirement Plans (Components Of Net Pension Benefit Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Pension Benefits | U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	$ 1,396	$ 1,967	$ 2,795	$ 3,934
Expected return on plan assets	2,746	2,742	5,493	5,484
Amortization	(42)	(129)	(85)	(259)
Net periodic benefit income	(1,308)	(646)	(2,613)	(1,291)
Pension Benefits | Non-U.S. Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	667	688	1,359	1,382
Interest cost	321	549	660	1,104
Expected return on plan assets	175	244	370	491
Amortization	31	(5)	0	(9)
Net periodic benefit income	782	998	1,649	2,004
Other Post-Retirement Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	66	93	132	187
Net periodic benefit income	$ 66	$ 93	$ 132	$ 187

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Unrecognized tax benefits that would impact effective tax rate	$ 1.1		$ 0.6
Deferred tax assets, valuation allowance	14.3
Income Taxes Paid	$ 3.5	$ 5.1

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Dec. 31, 2020	May 09, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSU outstanding	780,433
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				1,000,000
Shares available for grant	434,593
Compensation expense (benefit)	$ 2.5	$ 3.1
Unrecognized compensation costs	$ 8.9
Weighted average period of recognition of compensation expense (in years)	1 year 9 months 18 days
Weighted average contractual term for stock options outstanding, years	3 years 7 months 6 days
Weighted average contractual term for stock options exercisable, years	3 years 2 months 12 days
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Grant Date Fair Value		$ 11.84
Stock options outstanding	680,753
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted	606,679	196,231
Granted RSU awards fair value	$ 12.60	$ 32.60
Share-based Compensation Arrangement By Share-based Payment Award, Performance Target, Expected Overall Achievement And Probability To Vest	27.00%
Aggregate intrinsic value of RSU Awards / RSU MSPs	$ 1.7
Aggregate intrinsic value of RSU Awards outstanding	16.2
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 0
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	109,278	67,362
Restricted Stock Units Management Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units granted	0	56,379
Restricted stock units discount amount		11.10
Cash Settled Stock Unit Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSU outstanding	51,693
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)	$ 2.2
Cash Settled Stock Unit Awards [Member] | Restructuring and Related Cost, Incurred Cost [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense (benefit)	0.1
Cash Settled Stock Unit Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSU outstanding			45,681
Cash used to settle awards	0.7
Accrued expenses and current liabilities for Cash Settled Stock Unit Awards	0.3		$ 0.9
Cash Settled Stock Unit Awards [Member] | Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense (benefit)	0.1	$ 0.8
Cash Settled Stock Unit Awards [Member] | Restructuring and Related Cost, Incurred Cost [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense (benefit)	0.1
Discontinued Operations [Member] | Cash Settled Stock Unit Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense (benefit)	$ 0.2

Share-Based Compensation (Sched

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

Share-Based Compensation CEO In

Share-Based Compensation CEO Inducement Stock Award (Details) - Stock Options [Member]	6 Months Ended
	Jun. 30, 2019$ / sharesshares
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Stock options granted (in shares) | shares	153,726
Grant Date Fair Value (in usd per share) | $ / shares	$ 11.84

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 28, 2020	Mar. 29, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 28, 2020	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	$ 14,888		$ (4,302)		$ (7,718)	$ (15,276)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of December 31, 2019		$ (80,267)			(80,267)
Foreign currency translation adjustments	14,090		(1,271)		(6,235)	(9,718)
Interest rate swap adjustments (1)	755		(3,031)		(1,565)	$ (5,165)
Other comprehensive (loss) income	14,888	$ (22,606)	$ (4,302)	$ (10,974)	(7,718)
Balance as of June 28, 2020	(87,985)				(87,985)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of June 28, 2020	(60,083)				(60,083)
Pension, net
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Pension, net					82
Balance as of June 28, 2020	(19,431)				(19,431)
Derivative
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Balance as of June 28, 2020	$ (8,471)				$ (8,471)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (Impact on Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019	Jun. 28, 2020	Jun. 30, 2019
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Overstated (understated) comprehensive income	$ 14,888	$ (4,302)	$ (7,718)	$ (15,276)

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 28, 2020	Mar. 29, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 28, 2020	Jun. 30, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net loss	$ (34,092)	$ (78,948)	$ (18,520)	$ (4,633)	$ (113,040)	$ (23,153)
Basic Earnings Per Common Share (EPS), Shares	19,987,000		19,906,000		19,962,000	19,888,000
Basic EPS, Per Share Amount	$ (1.71)		$ (0.93)		$ (5.66)	$ (1.16)
Diluted EPS, Shares	20,286,000		19,906,000		19,962,000	19,888,000
Diluted EPS, Per Share Amount	$ (1.68)		$ (0.93)		$ (5.66)
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options and RSUs, shares					773,708
RSU Awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options and RSUs, shares						447,764

Uncategorized Items - cirq20628

Label	Element	Value
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	$ 77,104,000
Aerospace [Member]
Goodwill	us-gaap_Goodwill	57,385,000
Industrial [Member]
Goodwill	us-gaap_Goodwill	214,508,000
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax	us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax	(19,513,000)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax	us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax	(53,848,000)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax	us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax	$ (6,906,000)