Enovis (ENOV) 10-Q 3 May 16 2016 Q1 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION	3 Months Ended
	Apr. 01, 2016shares
Document and Entity Information [Abstract]
Entity Registrant Name	Colfax CORP
Entity Central Index Key	1,420,800
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Trading Symbol	cfx
Entity Common Stock, Shares Outstanding	122,637,770
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 1, 2016
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,016

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2016	Mar. 27, 2015
Income Statement [Abstract]
Net sales	$ 876,843	$ 911,070
Cost of sales	596,322	616,632
Gross profit	280,521	294,438
Selling, general and administrative expense	214,387	213,232
Restructuring and other related charges	17,668	3,753
Operating income	48,466	77,453
Interest expense	9,120	12,044
Income before income taxes	39,346	65,409
Provision for income taxes	13,136	9,134
Net income	26,210	56,275
Less: income attributable to noncontrolling interest, net of taxes	3,595	4,219
Net income attributable to Colfax Corporation	$ 22,615	$ 52,056
Net income per share - basic and diluted	$ 0.18	$ 0.42

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands		3 Months Ended
		Apr. 01, 2016	Mar. 27, 2015
Statement of Comprehensive Income [Abstract]
Net income		$ 26,210	$ 56,275
Other comprehensive loss:
Foreign currency translation, net of tax of $246 and $0		(20,042)	(189,725)
Unrealized (loss) gain on hedging activities, net of tax of $(2,880) and $2,790		(9,553)	22,181
Changes in deferred tax related to pension and other post-retirement benefit cost		0	2,110
Amounts reclassified from Accumulated other comprehensive loss:
Net pension and other post-retirement benefit cost, net of tax of $697 and $938	[1]	1,400	2,216
Other comprehensive loss		(28,195)	(163,218)
Comprehensive loss		(1,985)	(106,943)
Less: comprehensive income attributable to noncontrolling interest		7,027	1,343
Comprehensive loss attributable to Colfax Corporation		$ (9,012)	$ (108,286)
[1]	Included in the computation of net periodic benefit (income) cost. See Note 10, “Net Periodic Benefit Cost - Defined Benefit Plans” for additional details.

CONDENSED CONSOLIDATED STATEME4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS [Parenthetical] - USD ($) $ in Thousands		3 Months Ended
		Apr. 01, 2016	Mar. 27, 2015
Statement of Comprehensive Income [Abstract]
Foreign currency translation, tax		$ 246	$ 0
Unrealized (loss) gain on hedging activities, tax		(2,880)	2,790
Net pension and other post-retirement benefit cost, tax	[1]	$ 697	$ 938
[1]	Included in the computation of net periodic benefit (income) cost. See Note 10, “Net Periodic Benefit Cost - Defined Benefit Plans” for additional details.

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 01, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 196,042	$ 197,469
Trade receivables, less allowance for doubtful accounts of $44,629 and $39,505	881,691	888,166
Inventories, net	453,582	420,386
Other current assets	253,431	253,744
Total current assets	1,784,746	1,759,765
Property, plant and equipment, net	650,863	644,536
Goodwill	2,769,311	2,817,687
Intangible assets, net	992,249	995,712
Other assets	526,579	515,219
Total assets	6,723,748	6,732,919
LIABILITIES AND EQUITY
Current portion of long-term debt	5,774	5,792
Accounts payable	691,794	718,893
Accrued liabilities	400,093	391,659
Total current liabilities	1,097,661	1,116,344
Long-term debt, less current portion	1,440,309	1,411,755
Other liabilities	946,578	948,264
Total liabilities	3,484,548	3,476,363
Equity:
Common stock, $0.001 par value; 400,000,000 shares authorized; 122,637,770 and 123,486,425 issued and outstanding	123	123
Additional paid-in capital	3,183,896	3,199,267
Retained earnings	579,915	557,300
Accumulated other comprehensive loss	(718,342)	(686,715)
Total Colfax Corporation equity	3,045,592	3,069,975
Noncontrolling interest	193,608	186,581
Total equity	3,239,200	3,256,556
Total liabilities and equity	$ 6,723,748	$ 6,732,919

CONDENSED CONSOLIDATED BALANCE6

CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] - USD ($) $ in Thousands	Apr. 01, 2016	Dec. 31, 2015
Trade receivables, allowance for doubtful accounts	$ 44,629	$ 39,505
Common Stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common Stock, Shares Authorized	400,000,000	400,000,000
Common Stock, Shares, Issued	122,637,770	123,486,425
Common Stock, Shares, Outstanding	122,637,770	123,486,425

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENT OF EQUITY - 3 months ended Apr. 01, 2016 - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Noncontrolling Interest [Member]
Balance at Dec. 31, 2015	$ 3,256,556	$ 123	$ 3,199,267	$ 557,300	$ (686,715)	$ 186,581
Shares, Outstanding at Dec. 31, 2015		123,486,425
Net income attributable to Colfax Corporation	22,615			22,615
Net income attributable to noncontrolling interest	3,595					3,595
Net income	26,210
Other comprehensive (loss) income, net of tax of $(1.9) million	(28,195)				(31,627)	3,432
Stock repurchase	(20,812)	$ (1)	(20,811)
Stock repurchase (in shares)		(1,000,000)
Common stock-based award activity	5,441	$ 1	5,440
Common stock-based award activity (in shares)		151,345
Shares, Outstanding at Apr. 01, 2016		122,637,770
Balance at Apr. 01, 2016	$ 3,239,200	$ 123	$ 3,183,896	$ 579,915	$ (718,342)	$ 193,608

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENT OF EQUITY Statement of Stockholders' Equity [Parenthetical] $ in Millions	3 Months Ended
	Apr. 01, 2016USD ($)
Statement of Stockholders' Equity [Parenthetical] [Abstract]
Other comprehensive (loss) income, tax	$ (1.9)

CONDENSED CONSOLIDATED STATEME9

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2016	Mar. 27, 2015
Statement of Cash Flows [Abstract]
Net income	$ 26,210	$ 56,275
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and impairment charges	37,717	36,926
Stock-based compensation expense	5,110	4,374
Non-cash interest expense	1,066	1,917
Deferred income tax (benefit) provision	(143)	1,668
Changes in operating assets and liabilities:
Trade receivables, net	23,759	(35,704)
Inventories, net	(24,244)	(34,053)
Accounts payable	(37,543)	19,298
Changes in other operating assets and liabilities	(16,416)	(52,751)
Net cash provided by (used in) operating activities	15,516	(2,050)
Cash flows from investing activities:
Purchases of fixed assets, net	(15,389)	(11,161)
Net cash used in investing activities	(15,389)	(11,161)
Cash flows from financing activities:
Payments under term credit facility	(9,375)	(15,141)
Proceeds from borrowings on revolving credit facilities and other	313,796	115,726
Repayments of borrowings on revolving credit facilities and other	(290,452)	(169,936)
Proceeds from issuance of common stock, net	330	689
Payments for Repurchase of Common Stock	(20,812)	0
Other	1,226	(2,510)
Net cash used in financing activities	(5,287)	(71,172)
Effect of foreign exchange rates on Cash and cash equivalents	3,733	(14,147)
Decrease in Cash and cash equivalents	(1,427)	(98,530)
Cash and cash equivalents, beginning of period	197,469	305,448
Cash and cash equivalents, end of period	$ 196,042	$ 206,918

General (Text Block)

General (Text Block)	3 Months Ended
	Apr. 01, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	General Colfax Corporation (the “Company” or “Colfax”) is a diversified global industrial manufacturing and engineering company that provides gas- and fluid-handling and fabrication technology products and services to customers around the world under the Howden, ESAB and Colfax Fluid Handling brand names. The Condensed Consolidated Financial Statements included in this quarterly report have been prepared by the Company in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements. The Condensed Consolidated Balance Sheet as of December 31, 2015 is derived from the Company’s audited financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted in accordance with the SEC’s rules and regulations for interim financial statements. The Condensed Consolidated Financial Statements included herein should be read in conjunction with the audited financial statements and related footnotes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 (the “ 2015 Form 10-K ”), filed with the SEC on February 16, 2016 . The Condensed Consolidated Financial Statements reflect, in the opinion of management, all adjustments, which consist solely of normal recurring adjustments, necessary to present fairly the Company’s financial position and results of operations as of and for the periods indicated. Significant intercompany transactions and accounts are eliminated in consolidation. The Company makes certain estimates and assumptions in preparing its Condensed Consolidated Financial Statements in accordance with GAAP. These estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the Condensed Consolidated Financial Statements and the reported amounts of revenues and expenses for the periods presented. Actual results may differ from those estimates. The results of operations for the three months ended April 1, 2016 are not necessarily indicative of the results of operations that may be achieved for the full year. Quarterly results are affected by seasonal variations in the Company’s business. As our gas- and fluid-handling customers seek to fully utilize capital spending budgets before the end of the year, historically our shipments have peaked during the fourth quarter. Also, all of our European operations typically experience a slowdown during the July and August and December holiday seasons. General economic conditions may, however, impact future seasonal variations.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements (Text Block)	3 Months Ended
	Apr. 01, 2016
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU No. 2014-09”). ASU No. 2014-09 clarifies the principles for recognizing revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance affects entities that enter into contracts with customers to transfer goods or services, and supersedes prior GAAP guidance, namely Accounting Standards Codification Topic 605—Revenue Recognition. ASU 2014-09 is to be applied on a full or modified retrospective basis. In August 2015, the FASB issued ASU No. 2015-14, “Revenue from Contracts with Customers (Topic 606)”, which delays the effective date of ASU No. 2014-09 by one year. As a result, ASU No. 2014-09 will be effective for fiscal years beginning after December 15, 2017, with early adoption permitted but not prior to the original effective date of annual periods beginning after December 15, 2016. In March 2016, the FASB issued ASU No. 2016-08, “Revenue from Contracts with Customers (Topic 606)- Principal versus Agent Considerations” which clarifies the implementation guidance on principal versus agent considerations. The Company plans to apply these Accounting Standards Updates on a full retrospective basis as of January 1, 2018 and is currently evaluating the impact on its Consolidated Financial Statements. In July 2015, the FASB issued ASU No. 2015-11, “Inventory (Topic 330)—Simplifying the Measurement of Inventory” (“ASU No. 2015-11”). ASU No. 2015-11 requires an entity to measure inventory at the lower of cost and net realizable value, except for inventory that is measured using the last-in, first-out method or the retail inventory method. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. ASU No. 2015-11 is effective for fiscal years beginning after December 15, 2016 and is to be applied prospectively with early adoption permitted. The Company is currently evaluating the impact of adopting ASU No. 2015-11 on its Consolidated Financial Statements. In September 2015, the FASB issued ASU No. 2015-16, “Business Combinations (Topic 805)— Simplifying the Accounting for Measurement-Period Adjustments” (“ASU No. 2015-16”). ASU No. 2015-16 aims to simplify measurement period adjustments resulting from business combinations by requiring that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date, will be recorded in the same period’s financial statements as the measurement period adjustment. ASU No. 2015-16 is effective for fiscal years beginning after December 15, 2015, and is to be applied prospectively to adjustments to provisional amounts that occur after the effective date of ASU No. 2015-16. The adoption of ASU No. 2015-16 during the three months ended April 1, 2016 did not have a material impact on the Company’s Condensed Consolidated Financial Statements. See Note 3, “Acquisition” for measurement period adjustments made during the three months ended April 1, 2016 , related to an acquisition that occurred during the three months ended September 25, 2015. In February 2016, the FASB issued Accounting Standards Update No. 2016-02, “Leases (Topic 842)” (“ASU No. 2016-02”). ASU No. 2016-02 requires a lessee to recognize assets and liabilities associated with the rights and obligations attributable to most leases but also recognize expenses similar to current lease accounting. The guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption is permitted. The new guidance must be adopted using a modified retrospective transition and provides for certain practical expedients. The Company is currently evaluating the impact of adopting ASU No. 2016-02 on its Consolidated Financial Statements. In March 2016, the FASB issued Accounting Standards Update No. 2016-09, “Compensation- Stock Compensation (Topic 718)— Improvements to Employee Share-Based Payment Accounting” (“ASU No. 2016-09”). ASU No. 2016-09 is effective for fiscal periods beginning after December 15, 2016 with early adoption permitted. ASU No. 2016-09 aims to simplify the accounting for shared based payment accounting by recording all excess tax benefits and tax deficiencies as income tax expense or benefit in the income statement, eliminates the requirement that excess tax benefits be realized before they can be recognized, and the option to make an entity-wide accounting policy election to continue to estimate the amount of awards that are expected to vest or account for forfeitures as they occur. The effect for excess tax benefits not previously recognized will be recorded as a cumulative adjustment to retained earnings pursuant to a modified retrospective transition method application of ASU No. 2016-09. Excess tax benefits and deficiencies will be accounted for as discrete items in the period the stock awards vest or otherwise are settled. Further, the guidance will require that excess tax benefits be presented as an operating activity on the statement of cash flows consistent with other income tax cash flows. ASU No. 2016-09 also increases share based withholding up to the maximum statutory tax rates in the applicable jurisdictions without causing the award to be classified as a liability. All provisions of ASU No. 2016-09 must be adopted in the same period. The Company plans to adopt ASU No. 2016-09 in the annual period beginning January 1, 2017. The Company is currently evaluating the impact of adopting ASU No. 2016-09 on its Consolidated Financial Statements.

Acquisitions (Notes)

Acquisitions (Notes)	3 Months Ended
	Apr. 01, 2016
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Acquisition On June 30, 2015 , Colfax completed the acquisition of the Roots TM blowers and compressors business unit (“Roots”), also known as Industrial Air & Gas Technologies, from GE Oil & Gas (the “Roots Acquisition”) for cash consideration of $180.7 million . During the three months ended April 1, 2016 , the Company adjusted provisional amounts with respect to the Roots Acquisition that were recognized at the acquisition date to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date. The aggregate adjustments, primarily attributable to revision of estimates based on additional information obtained for a specific environmental reserve decreased the Goodwill balance by $1.3 million during the three months ended April 1, 2016 .

Net Income Per Share (Text Bloc

Net Income Per Share (Text Block)	3 Months Ended
	Apr. 01, 2016
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Net Income Per Share Net income per share was computed as follows: Three Months Ended April 1, 2016 March 27, 2015 (In thousands, except share data) Net income attributable to Colfax Corporation $ 22,615 $ 52,056 Weighted-average shares of Common stock outstanding - basic 123,082,661 123,947,392 Net effect of potentially dilutive securities - stock options and restricted stock units 160,223 1,145,243 Weighted-average shares of Common stock outstanding - diluted 123,242,884 125,092,635 Net income per share - basic and diluted $ 0.18 $ 0.42 The weighted-average computation of the dilutive effect of potentially issuable shares of Common stock under the treasury stock method for the three months ended April 1, 2016 and March 27, 2015 excludes approximately 5.0 million and 2.1 million of outstanding stock-based compensation awards, respectively, as their inclusion would be anti-dilutive.

Income Taxes (Text Block)

Income Taxes (Text Block)	3 Months Ended
	Apr. 01, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes During the three months ended April 1, 2016 , Income before income taxes was $39.3 million and the Provision for income taxes was $13.1 million . The effective tax rate of 33.4% for the three months ended April 1, 2016 differs from the U.S. federal statutory rate primarily due to international tax rates, which are lower than the U.S. tax rate, offset in part by losses in certain jurisdictions where a tax benefit is not expected to be recognized in 2016 . During the three months ended March 27, 2015 , Income before income taxes was $65.4 million and the Provision for income taxes was $9.1 million . The effective tax rate of 14.0% for the three months ended March 27, 2015 differs from the U.S. federal statutory rate primarily due to a tax benefit of $13.0 million associated with the resolution of certain liabilities for unrecognized tax benefits and international tax rates, which are lower than the U.S. tax rate, offset in part by losses in certain jurisdictions where a tax benefit was not expected to be recognized in 2015.

Equity (Text Block)

Equity (Text Block)	3 Months Ended
	Apr. 01, 2016
Equity [Abstract]
Shareholders' Equity and Share-based Payments [Text Block]	Equity Share Repurchase Program On October 11, 2015, the Company’s Board of Directors authorized the repurchase of up to $100.0 million of the Company’s Common stock from time-to-time on the open market or in privately negotiated transactions. The repurchase program is authorized until December 31, 2016. The timing and amount of shares repurchased is to be determined by management based on its evaluation of market conditions and other factors. During the three months ended April 1, 2016 , the Company repurchased 1,000,000 shares of its common stock in open market transactions for approximately $20.8 million under a plan complying with Rule 10b5-1 under the Securities Exchange Act of 1934. As of the three months ended April 1, 2016 , the remaining stock repurchase authorization provided by the Company’s Board of Directors is approximately $52 million . Accumulated Other Comprehensive Loss The following tables present the changes in the balances of each component of Accumulated other comprehensive loss including reclassifications out of Accumulated other comprehensive loss for the three months ended April 1, 2016 and March 27, 2015 . All amounts are net of tax and noncontrolling interest. Accumulated Other Comprehensive Loss Components Net Unrecognized Pension And Other Post-Retirement Benefit Cost Foreign Currency Translation Adjustment Unrealized Gain On Hedging Activities Total (In thousands) Balance at January 1, 2016 $ (193,258 ) $ (528,620 ) $ 35,163 $ (686,715 ) Other comprehensive loss before reclassifications: Foreign currency translation adjustment (929 ) (5,711 ) 388 (6,252 ) Loss on long-term intra-entity foreign currency transactions — (17,371 ) — (17,371 ) Loss on net investment hedges — — (10,573 ) (10,573 ) Unrealized gain on cash flow hedges — — 1,169 1,169 Other comprehensive loss before reclassifications (929 ) (23,082 ) (9,016 ) (33,027 ) Amounts reclassified from Accumulated other comprehensive loss 1,400 — — 1,400 Net current period Other comprehensive income (loss) 471 (23,082 ) (9,016 ) (31,627 ) Balance at April 1, 2016 $ (192,787 ) $ (551,702 ) $ 26,147 $ (718,342 ) Accumulated Other Comprehensive Loss Components Net Unrecognized Pension And Other Post-Retirement Benefit Cost Foreign Currency Translation Adjustment Unrealized Gain On Hedging Activities Total (In thousands) Balance at January 1, 2015 $ (240,513 ) $ (227,059 ) $ 23,881 $ (443,691 ) Other comprehensive income (loss) before reclassifications: Foreign currency translation adjustment 5,833 (188,344 ) (224 ) (182,735 ) Loss on long-term intra-entity foreign currency transactions — (4,107 ) — (4,107 ) Gain on net investment hedges — — 28,685 28,685 Unrealized loss on cash flow hedges — — (6,511 ) (6,511 ) Other 2,110 — — 2,110 Other comprehensive income (loss) before reclassifications 7,943 (192,451 ) 21,950 (162,558 ) Amounts reclassified from Accumulated other comprehensive loss 2,216 — — 2,216 Net current period Other comprehensive income (loss) 10,159 (192,451 ) 21,950 (160,342 ) Balance at March 27, 2015 $ (230,354 ) $ (419,510 ) $ 45,831 $ (604,033 ) The effect on Net income of amounts reclassified out of each component of Accumulated other comprehensive loss for the three months ended April 1, 2016 and March 27, 2015 is as follows: Three Months Ended April 1, 2016 Amounts Reclassified From Accumulated Other Comprehensive Loss Tax Benefit Total (In thousands) Pension and other post-retirement benefit cost: Amortization of net loss (1) $ 2,035 $ (675 ) $ 1,360 Amortization of prior service cost (1) 62 (22 ) 40 $ 2,097 $ (697 ) $ 1,400 Three Months Ended March 27, 2015 Amounts Reclassified From Accumulated Other Comprehensive Loss Tax Benefit Total (In thousands) Pension and other post-retirement benefit cost: Amortization of net loss (1) $ 3,092 $ (938 ) $ 2,154 Amortization of prior service cost (1) 62 — 62 $ 3,154 $ (938 ) $ 2,216 (1) Included in the computation of net periodic benefit (income) cost. See Note 10 , “Net Periodic Benefit Cost - Defined Benefit Plans” for additional details. During the three months ended April 1, 2016 , Noncontrolling interest increased by $3.4 million as a result of Other comprehensive income, primarily due to foreign currency translation adjustment. During the three months ended March 27, 2015 , Noncontrolling interest decreased by $2.9 million as a result of Other comprehensive loss, primarily due to foreign currency translation adjustment.

Inventories, Net (Text Block)

Inventories, Net (Text Block)	3 Months Ended
	Apr. 01, 2016
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Inventories, Net Inventories, net consisted of the following: April 1, 2016 December 31, 2015 (In thousands) Raw materials $ 161,952 $ 160,640 Work in process 84,752 68,541 Finished goods 263,948 243,209 510,652 472,390 Less: customer progress payments (16,557 ) (15,876 ) Less: allowance for excess, slow-moving and obsolete inventory (40,513 ) (36,128 ) Inventories, net $ 453,582 $ 420,386

Debt (Text Block)

Debt (Text Block)	3 Months Ended
	Apr. 01, 2016
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Debt Long-term debt consisted of the following: April 1, 2016 December 31, 2015 (In thousands) Term loans $ 704,473 $ 713,175 Trade receivables financing arrangement 80,183 75,800 Revolving credit facilities and other 661,427 628,572 Total Debt 1,446,083 1,417,547 Less: current portion (5,774 ) (5,792 ) Long-term debt $ 1,440,309 $ 1,411,755 The Company is party to a credit agreement by and among the Company, as the borrower, certain U.S. subsidiaries of the Company identified therein, as guarantors, each of the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent, swing line lender and global coordinator (the “Credit Agreement”). The Company had an original issue discount of $6.9 million and deferred financing fees of $7.7 million included in its Condensed Consolidated Balance Sheet as of April 1, 2016 , which will be accreted to Interest expense, primarily using the effective interest method, over the life of the Credit Agreement. As of April 1, 2016 , the weighted-average interest rate of borrowings under the Credit Agreement was 1.85% , excluding accretion of original issue discount, and there was $752.1 million available on the revolving credit facility. The Company is also party to letter of credit facilities with total capacity of $763.5 million . Total letters of credit of $360.5 million were outstanding as of April 1, 2016 . The Company is party to a receivables financing facility through a wholly-owned, special purpose bankruptcy-remote subsidiary which purchases trade receivables from certain of the Company’s subsidiaries on an ongoing basis and pledges them to support its obligation as borrower under the receivables financing facility. This special purpose subsidiary has a separate legal existence from its parent and its assets are not available to satisfy the claims of creditors of the selling subsidiaries or any other member of the consolidated group. Availability of funds may fluctuate over time given changes in eligible receivable balances, but will not exceed the program limit of $95 million . As of April 1, 2016 , the total outstanding borrowings under the receivables financing facility were $80.2 million and the interest rate was 1.26% . The scheduled termination date for the receivables financing facility is December 20, 2016 and may be extended from time to time. As of April 1, 2016, the Company is in compliance with the covenants under the Credit Agreement.

Accrued Liabilities (Text Block

Accrued Liabilities (Text Block)	3 Months Ended
	Apr. 01, 2016
Accrued Liabilities [Abstract]
Accrued Liabilities Disclosure [Text Block]	Accrued Liabilities Accrued liabilities in the Condensed Consolidated Balance Sheets consisted of the following: April 1, 2016 December 31, 2015 (In thousands) Accrued payroll $ 106,115 $ 99,383 Advance payment from customers 46,247 45,590 Accrued taxes 45,274 51,834 Accrued asbestos-related liability 50,623 48,780 Warranty liability - current portion 37,703 36,128 Accrued restructuring liability - current portion 16,864 12,918 Accrued third-party commissions 10,061 10,275 Other 87,206 86,751 Accrued liabilities $ 400,093 $ 391,659 Warranty Liability The activity in the Company’s warranty liability consisted of the following: Three Months Ended April 1, 2016 March 27, 2015 (In thousands) Warranty liability, beginning of period $ 37,407 $ 51,135 Accrued warranty expense 6,514 4,461 Changes in estimates related to pre-existing warranties 1,715 (844 ) Cost of warranty service work performed (7,642 ) (5,606 ) Foreign exchange translation effect 881 (2,566 ) Warranty liability, end of period $ 38,875 $ 46,580 Accrued Restructuring Liability The Company’s restructuring programs include a series of restructuring actions to reduce the structural costs of the Company. A summary of the activity in the Company’s restructuring liability included in Accrued liabilities and Other liabilities in the Condensed Consolidated Balance Sheets is as follows: Three Months Ended April 1, 2016 Balance at Beginning of Period Provisions Payments Foreign Currency Translation Balance at End of Period (3) (In thousands) Restructuring and other related charges: Gas and Fluid Handling: Termination benefits (1) $ 3,979 $ 4,936 $ (2,942 ) $ 158 $ 6,131 Facility closure costs (2) 2,657 4,471 (4,808 ) 110 2,430 6,636 9,407 (7,750 ) 268 8,561 Non-cash impairment 1,186 10,593 Fabrication Technology: Termination benefits (1) 6,031 6,116 (4,012 ) 26 8,161 Facility closure costs (2) 426 959 (1,121 ) 10 274 6,457 7,075 (5,133 ) 36 8,435 Corporate and Other: Facility closure costs (2) 625 — (70 ) (23 ) 532 625 — (70 ) (23 ) 532 $ 13,718 16,482 $ (12,953 ) $ 281 $ 17,528 Non-cash impairment 1,186 $ 17,668 (1) Includes severance and other termination benefits, including outplacement services. The Company recognizes the cost of involuntary termination benefits at the communication date or ratably over any remaining expected future service period. Voluntary termination benefits are recognized as a liability and an expense when employees accept the offer and the amount can be reasonably estimated. (2) Includes the cost of relocating associates, relocating equipment and lease termination expense in connection with the closure of facilities. (3) As of April 1, 2016 , $16.9 million and $0.6 million of the Company’s restructuring liability was included in Accrued liabilities and Other liabilities, respectively. The Company expects to incur restructuring and other related charges of approximately $52 million during the remainder of 2016 related to these restructuring activities.

Net Periodic Benefit Cost-Defin

Net Periodic Benefit Cost-Defined Benefit Plans (Text Block)	3 Months Ended
	Apr. 01, 2016
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	Net Periodic Benefit Cost - Defined Benefit Plans The following table sets forth the components of net periodic benefit (income) cost of the Company’s defined benefit pension plans and other post-retirement employee benefit plans: Three Months Ended April 1, 2016 March 27, 2015 (In thousands) Pension Benefits - U.S. Plans: Service cost $ 48 $ — Interest cost 4,352 4,293 Expected return on plan assets (6,121 ) (6,020 ) Amortization 1,615 1,901 Net periodic benefit (income) cost $ (106 ) $ 174 Pension Benefits-Non U.S. Plans: Service cost $ 835 $ 1,207 Interest cost 8,444 9,759 Expected return on plan assets (8,221 ) (8,656 ) Amortization 418 1,078 Net periodic benefit cost $ 1,476 $ 3,388 Other Post-Retirement Benefits: Service cost $ 16 $ 51 Interest cost 312 326 Amortization 64 175 Net periodic benefit cost $ 392 $ 552

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements (Text Block)	3 Months Ended
	Apr. 01, 2016
Financial Instruments and Fair Value Measurements [Abstract]
Fair Value Assets and Liabilities Measured On Recurring and Nonrecurring Basis [Text Block]	Financial Instruments and Fair Value Measurements The carrying values of financial instruments, including Trade receivables and Accounts payable, approximate their fair values due to their short-term maturities. The estimated fair value of the Company’s debt of $1.4 billion as of both April 1, 2016 and December 31, 2015 was based on current interest rates for similar types of borrowings and is in Level Two of the fair value hierarchy. The estimated fair values may not represent actual values of the financial instruments that could be realized as of the balance sheet date or that will be realized in the future. A summary of the Company’s assets and liabilities that are measured at fair value for each fair value hierarchy level for the periods presented is as follows: April 1, 2016 Level Level Level Total (In thousands) Assets: Cash equivalents $ 20,455 $ — $ — $ 20,455 Foreign currency contracts related to sales - designated as hedges — 2,228 — 2,228 Foreign currency contracts related to sales - not designated as hedges — 1,922 — 1,922 Foreign currency contracts related to purchases - designated as hedges — 1,889 — 1,889 Foreign currency contracts related to purchases - not designated as hedges — 64 — 64 Deferred compensation plans — 4,216 — 4,216 $ 20,455 $ 10,319 $ — $ 30,774 Liabilities: Foreign currency contracts related to sales - designated as hedges $ — $ 5,950 $ — $ 5,950 Foreign currency contracts related to sales - not designated as hedges — 199 — 199 Foreign currency contracts related to purchases - designated as hedges — 1,049 — 1,049 Foreign currency contracts related to purchases - not designated as hedges — 890 — 890 Deferred compensation plans — 4,216 — 4,216 $ — $ 12,304 $ — $ 12,304 December 31, 2015 Level Level Level Total (In thousands) Assets: Cash equivalents $ 22,516 $ — $ — $ 22,516 Foreign currency contracts related to sales - designated as hedges — 988 — 988 Foreign currency contracts related to sales - not designated as hedges — 664 — 664 Foreign currency contracts related to purchases - designated as hedges — 1,554 — 1,554 Foreign currency contracts related to purchases - not designated as hedges — 338 — 338 Deferred compensation plans — 4,000 — 4,000 $ 22,516 $ 7,544 $ — $ 30,060 Liabilities: Foreign currency contracts related to sales - designated as hedges $ — $ 6,368 $ — $ 6,368 Foreign currency contracts related to sales - not designated as hedges — 969 — 969 Foreign currency contracts related to purchases - designated as hedges — 322 — 322 Foreign currency contracts related to purchases - not designated as hedges — 128 — 128 Deferred compensation plans — 4,000 — 4,000 $ — $ 11,787 $ — $ 11,787 There were no transfers in or out of Level One, Two or Three during the three months ended April 1, 2016 . Foreign Currency Contracts As of April 1, 2016 and December 31, 2015 , the Company had foreign currency contracts with the following notional values: April 1, 2016 December 31, 2015 (In thousands) Foreign currency contracts sold - not designated as hedges $ 120,217 $ 119,653 Foreign currency contracts sold - designated as hedges 186,063 206,366 Foreign currency contracts purchased - not designated as hedges 36,215 41,480 Foreign currency contracts purchased - designated as hedges 61,866 62,794 Total foreign currency derivatives $ 404,361 $ 430,293 The Company recognized the following in its Condensed Consolidated Financial Statements related to its derivative instruments: Three Months Ended April 1, 2016 March 27, 2015 (In thousands) Contracts Designated as Hedges: Foreign Currency Contracts - related to customer sales contracts: Unrealized loss $ (1,205 ) $ (5,759 ) Realized gain 2,369 452 Foreign Currency Contracts - related to supplier purchase contracts: Unrealized loss (347 ) (2,553 ) Realized gain 33 1,313 Unrealized (loss) gain on net investment hedges (1) (10,573 ) 28,685 Contracts Not Designated in a Hedge Relationship: Foreign Currency Contracts - related to customer sales contracts: Unrealized gain 2,028 526 Realized loss (13 ) (3,726 ) Foreign Currency Contracts - related to supplier purchases contracts: Unrealized loss (1,036 ) (144 ) Realized (loss) gain (36 ) 579 (1) The unrealized (loss) gain on net investment hedges is attributable to the change in valuation of Euro denominated debt.

Commitments and Contingencies (

Commitments and Contingencies (Text Block)	3 Months Ended
	Apr. 01, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Commitments and Contingencies For further description of the Company’s litigation and contingencies, reference is made to Note 15, “Commitments and Contingencies” in the Notes to Consolidated Financial Statements in our 2015 Form 10-K. Asbestos and Other Product Liability Contingencies Claims activity since December 31 related to asbestos claims is as follows (1) : Three Months Ended April 1, 2016 March 27, 2015 (Number of claims) Claims unresolved, beginning of period 20,583 21,681 Claims filed (2) 1,521 1,226 Claims resolved (3) (1,463 ) (1,058 ) Claims unresolved, end of period 20,641 21,849 (1) Excludes claims filed by one legal firm that have been “administratively dismissed.” (2) Claims filed include all asbestos claims for which notification has been received or a file has been opened. (3) Claims resolved include all asbestos claims that have been settled, dismissed or that are in the process of being settled or dismissed based upon agreements or understandings in place with counsel for the claimants. The Company’s Condensed Consolidated Balance Sheets included the following amounts related to asbestos-related litigation: April 1, 2016 December 31, 2015 (In thousands) Current asbestos insurance asset (1) $ 29,283 $ 28,872 Long-term asbestos insurance asset (2) 276,757 284,095 Long-term asbestos insurance receivable (2) 104,764 96,007 Accrued asbestos liability (3) 50,623 48,780 Long-term asbestos liability (4) 340,772 350,394 (1) Included in Other current assets in the Condensed Consolidated Balance Sheets. (2) Included in Other assets in the Condensed Consolidated Balance Sheets. (3) Represents current reserves for probable and reasonably estimable asbestos-related liability cost that the Company believes its subsidiaries will pay through the next 15 years, overpayments by certain insurers and unpaid legal costs related to defending themselves against asbestos-related liability claims and legal action against the Company’s insurers, which is included in Accrued liabilities in the Condensed Consolidated Balance Sheets. (4)) Included in Other liabilities in the Condensed Consolidated Balance Sheets. Management’s analyses are based on currently known facts and a number of assumptions. However, projecting future events, such as new claims to be filed each year, the average cost of resolving each claim, coverage issues among layers of insurers, the method in which losses will be allocated to the various insurance policies, interpretation of the effect on coverage of various policy terms and limits and their interrelationships, the continuing solvency of various insurance companies, the amount of remaining insurance available, as well as the numerous uncertainties inherent in asbestos litigation could cause the actual liabilities and insurance recoveries to be higher or lower than those projected or recorded which could materially affect the Company’s financial condition, results of operations or cash flow. Other Litigation Matters The Lincoln Electric Company and Lincoln Global, Inc. (collectively, “Lincoln Electric”) filed suit against The ESAB Group, Inc. and ESAB AB in the United States District Court, Eastern District of Texas, alleging infringement of certain patents allegedly owned by Lincoln Electric. The complaint, as amended, seeks undisclosed damages plus interest, an award of attorneys’ fees and expenses, and injunctive relief. The defendants answered the complaint, denying Lincoln Electric’s infringement allegations and asserting affirmative defenses, on October 20, 2015. The litigation is in an early stage, and is not expected to have a material adverse effect on the financial condition, results of operations or cash flow of the Company. The defendants are vigorously defending against the claims. The Company is also involved in various other pending legal proceedings arising out of the ordinary course of the Company’s business. None of these legal proceedings are expected to have a material adverse effect on the financial condition, results of operations or cash flow of the Company. With respect to these proceedings and the litigation and claims described in the preceding paragraphs, management of the Company believes that it will either prevail, has adequate insurance coverage or has established appropriate accruals to cover potential liabilities. Any costs that management estimates may be paid related to these proceedings or claims are accrued when the liability is considered probable and the amount can be reasonably estimated. There can be no assurance, however, as to the ultimate outcome of any of these matters, and if all or substantially all of these legal proceedings were to be determined adverse to the Company, there could be a material adverse effect on the financial condition, results of operations or cash flow of the Company.

Segment Information (Text Block

Segment Information (Text Block)	3 Months Ended
	Apr. 01, 2016
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Segment Information The Company conducts its operations through three operating segments: gas handling, fluid handling and fabrication technology. The gas-handling and fluid-handling operating segments are aggregated into a single reportable segment. A description of the Company’s reportable segments is as follows: ▪ Gas and Fluid Handling - a global supplier of a broad range of gas- and fluid-handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps, fluid-handling systems, controls and specialty valves, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets; and ▪ Fabrication Technology - a global supplier of welding equipment and consumables, cutting equipment and consumables and automated welding and cutting systems. Certain amounts not allocated to the two reportable segments and intersegment eliminations are reported under the heading “Corporate and other.” The Company’s management evaluates the operating results of each of its reportable segments based upon Net sales and segment operating income (loss), which represents Operating income (loss) before Restructuring and other related charges. The Company’s segment results were as follows: Three Months Ended April 1, 2016 March 27, 2015 (In thousands) Net sales: Gas and fluid handling $ 432,738 $ 422,209 Fabrication technology 444,105 488,861 $ 876,843 $ 911,070 Segment operating income (loss) (1) : Gas and fluid handling $ 33,923 $ 36,257 Fabrication technology 45,885 57,346 Corporate and other (13,674 ) (12,397 ) $ 66,134 $ 81,206 (1) The following is a reconciliation of Income before income taxes to segment operating income: Three Months Ended April 1, 2016 March 27, 2015 (In thousands) Income before income taxes $ 39,346 $ 65,409 Interest expense 9,120 12,044 Restructuring and other related charges 17,668 3,753 Segment operating income $ 66,134 $ 81,206 The detail of the Company’s Net sales by product type is as follows: Three Months Ended April 1, 2016 March 27, 2015 (In thousands) Gas handling $ 321,602 $ 300,239 Fluid handling 111,136 121,970 Welding and cutting 444,105 488,861 Total Net sales $ 876,843 $ 911,070

Net Income Per Share (Tables)

Net Income Per Share (Tables)	3 Months Ended
	Apr. 01, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Net income per share was computed as follows: Three Months Ended April 1, 2016 March 27, 2015 (In thousands, except share data) Net income attributable to Colfax Corporation $ 22,615 $ 52,056 Weighted-average shares of Common stock outstanding - basic 123,082,661 123,947,392 Net effect of potentially dilutive securities - stock options and restricted stock units 160,223 1,145,243 Weighted-average shares of Common stock outstanding - diluted 123,242,884 125,092,635 Net income per share - basic and diluted $ 0.18 $ 0.42

Equity (Tables)

Equity (Tables)	3 Months Ended
	Apr. 01, 2016
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss [Table Text Block]	The following tables present the changes in the balances of each component of Accumulated other comprehensive loss including reclassifications out of Accumulated other comprehensive loss for the three months ended April 1, 2016 and March 27, 2015 . All amounts are net of tax and noncontrolling interest. Accumulated Other Comprehensive Loss Components Net Unrecognized Pension And Other Post-Retirement Benefit Cost Foreign Currency Translation Adjustment Unrealized Gain On Hedging Activities Total (In thousands) Balance at January 1, 2016 $ (193,258 ) $ (528,620 ) $ 35,163 $ (686,715 ) Other comprehensive loss before reclassifications: Foreign currency translation adjustment (929 ) (5,711 ) 388 (6,252 ) Loss on long-term intra-entity foreign currency transactions — (17,371 ) — (17,371 ) Loss on net investment hedges — — (10,573 ) (10,573 ) Unrealized gain on cash flow hedges — — 1,169 1,169 Other comprehensive loss before reclassifications (929 ) (23,082 ) (9,016 ) (33,027 ) Amounts reclassified from Accumulated other comprehensive loss 1,400 — — 1,400 Net current period Other comprehensive income (loss) 471 (23,082 ) (9,016 ) (31,627 ) Balance at April 1, 2016 $ (192,787 ) $ (551,702 ) $ 26,147 $ (718,342 ) Accumulated Other Comprehensive Loss Components Net Unrecognized Pension And Other Post-Retirement Benefit Cost Foreign Currency Translation Adjustment Unrealized Gain On Hedging Activities Total (In thousands) Balance at January 1, 2015 $ (240,513 ) $ (227,059 ) $ 23,881 $ (443,691 ) Other comprehensive income (loss) before reclassifications: Foreign currency translation adjustment 5,833 (188,344 ) (224 ) (182,735 ) Loss on long-term intra-entity foreign currency transactions — (4,107 ) — (4,107 ) Gain on net investment hedges — — 28,685 28,685 Unrealized loss on cash flow hedges — — (6,511 ) (6,511 ) Other 2,110 — — 2,110 Other comprehensive income (loss) before reclassifications 7,943 (192,451 ) 21,950 (162,558 ) Amounts reclassified from Accumulated other comprehensive loss 2,216 — — 2,216 Net current period Other comprehensive income (loss) 10,159 (192,451 ) 21,950 (160,342 ) Balance at March 27, 2015 $ (230,354 ) $ (419,510 ) $ 45,831 $ (604,033 )
Amounts reclassified from Accumulated other comprehensive loss [Table Text Block]	The effect on Net income of amounts reclassified out of each component of Accumulated other comprehensive loss for the three months ended April 1, 2016 and March 27, 2015 is as follows: Three Months Ended April 1, 2016 Amounts Reclassified From Accumulated Other Comprehensive Loss Tax Benefit Total (In thousands) Pension and other post-retirement benefit cost: Amortization of net loss (1) $ 2,035 $ (675 ) $ 1,360 Amortization of prior service cost (1) 62 (22 ) 40 $ 2,097 $ (697 ) $ 1,400 Three Months Ended March 27, 2015 Amounts Reclassified From Accumulated Other Comprehensive Loss Tax Benefit Total (In thousands) Pension and other post-retirement benefit cost: Amortization of net loss (1) $ 3,092 $ (938 ) $ 2,154 Amortization of prior service cost (1) 62 — 62 $ 3,154 $ (938 ) $ 2,216 (1) Included in the computation of net periodic benefit (income) cost. See Note 10 , “Net Periodic Benefit Cost - Defined Benefit Plans” for additional details.

Inventories, Net (Tables)

Inventories, Net (Tables)	3 Months Ended
	Apr. 01, 2016
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories, net consisted of the following: April 1, 2016 December 31, 2015 (In thousands) Raw materials $ 161,952 $ 160,640 Work in process 84,752 68,541 Finished goods 263,948 243,209 510,652 472,390 Less: customer progress payments (16,557 ) (15,876 ) Less: allowance for excess, slow-moving and obsolete inventory (40,513 ) (36,128 ) Inventories, net $ 453,582 $ 420,386

Debt (Tables)

Debt (Tables)	3 Months Ended
	Apr. 01, 2016
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Long-term debt consisted of the following: April 1, 2016 December 31, 2015 (In thousands) Term loans $ 704,473 $ 713,175 Trade receivables financing arrangement 80,183 75,800 Revolving credit facilities and other 661,427 628,572 Total Debt 1,446,083 1,417,547 Less: current portion (5,774 ) (5,792 ) Long-term debt $ 1,440,309 $ 1,411,755

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Apr. 01, 2016
Schedule of Accrued Liabilities [Table Text Block]	Accrued liabilities in the Condensed Consolidated Balance Sheets consisted of the following: April 1, 2016 December 31, 2015 (In thousands) Accrued payroll $ 106,115 $ 99,383 Advance payment from customers 46,247 45,590 Accrued taxes 45,274 51,834 Accrued asbestos-related liability 50,623 48,780 Warranty liability - current portion 37,703 36,128 Accrued restructuring liability - current portion 16,864 12,918 Accrued third-party commissions 10,061 10,275 Other 87,206 86,751 Accrued liabilities $ 400,093 $ 391,659
Schedule of Product Warranty Liability [Table Text Block]	The activity in the Company’s warranty liability consisted of the following: Three Months Ended April 1, 2016 March 27, 2015 (In thousands) Warranty liability, beginning of period $ 37,407 $ 51,135 Accrued warranty expense 6,514 4,461 Changes in estimates related to pre-existing warranties 1,715 (844 ) Cost of warranty service work performed (7,642 ) (5,606 ) Foreign exchange translation effect 881 (2,566 ) Warranty liability, end of period $ 38,875 $ 46,580
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	A summary of the activity in the Company’s restructuring liability included in Accrued liabilities and Other liabilities in the Condensed Consolidated Balance Sheets is as follows: Three Months Ended April 1, 2016 Balance at Beginning of Period Provisions Payments Foreign Currency Translation Balance at End of Period (3) (In thousands) Restructuring and other related charges: Gas and Fluid Handling: Termination benefits (1) $ 3,979 $ 4,936 $ (2,942 ) $ 158 $ 6,131 Facility closure costs (2) 2,657 4,471 (4,808 ) 110 2,430 6,636 9,407 (7,750 ) 268 8,561 Non-cash impairment 1,186 10,593 Fabrication Technology: Termination benefits (1) 6,031 6,116 (4,012 ) 26 8,161 Facility closure costs (2) 426 959 (1,121 ) 10 274 6,457 7,075 (5,133 ) 36 8,435 Corporate and Other: Facility closure costs (2) 625 — (70 ) (23 ) 532 625 — (70 ) (23 ) 532 $ 13,718 16,482 $ (12,953 ) $ 281 $ 17,528 Non-cash impairment 1,186 $ 17,668 (1) Includes severance and other termination benefits, including outplacement services. The Company recognizes the cost of involuntary termination benefits at the communication date or ratably over any remaining expected future service period. Voluntary termination benefits are recognized as a liability and an expense when employees accept the offer and the amount can be reasonably estimated. (2) Includes the cost of relocating associates, relocating equipment and lease termination expense in connection with the closure of facilities. (3) As of April 1, 2016 , $16.9 million and $0.6 million of the Company’s restructuring liability was included in Accrued liabilities and Other liabilities, respectively.

Net Periodic Benefit Cost-Def28

Net Periodic Benefit Cost-Defined Benefit Plans (Tables)	3 Months Ended
	Apr. 01, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of Net Benefit Costs [Table Text Block]	The following table sets forth the components of net periodic benefit (income) cost of the Company’s defined benefit pension plans and other post-retirement employee benefit plans: Three Months Ended April 1, 2016 March 27, 2015 (In thousands) Pension Benefits - U.S. Plans: Service cost $ 48 $ — Interest cost 4,352 4,293 Expected return on plan assets (6,121 ) (6,020 ) Amortization 1,615 1,901 Net periodic benefit (income) cost $ (106 ) $ 174 Pension Benefits-Non U.S. Plans: Service cost $ 835 $ 1,207 Interest cost 8,444 9,759 Expected return on plan assets (8,221 ) (8,656 ) Amortization 418 1,078 Net periodic benefit cost $ 1,476 $ 3,388 Other Post-Retirement Benefits: Service cost $ 16 $ 51 Interest cost 312 326 Amortization 64 175 Net periodic benefit cost $ 392 $ 552

Financial Instruments and Fai29

Financial Instruments and Fair Value Measurements (Tables)	3 Months Ended
	Apr. 01, 2016
Financial Instruments and Fair Value Measurements [Abstract]
Company's assets and liabilities measured at fair value for each fair value hierarchy level [Table Text Block]	A summary of the Company’s assets and liabilities that are measured at fair value for each fair value hierarchy level for the periods presented is as follows: April 1, 2016 Level Level Level Total (In thousands) Assets: Cash equivalents $ 20,455 $ — $ — $ 20,455 Foreign currency contracts related to sales - designated as hedges — 2,228 — 2,228 Foreign currency contracts related to sales - not designated as hedges — 1,922 — 1,922 Foreign currency contracts related to purchases - designated as hedges — 1,889 — 1,889 Foreign currency contracts related to purchases - not designated as hedges — 64 — 64 Deferred compensation plans — 4,216 — 4,216 $ 20,455 $ 10,319 $ — $ 30,774 Liabilities: Foreign currency contracts related to sales - designated as hedges $ — $ 5,950 $ — $ 5,950 Foreign currency contracts related to sales - not designated as hedges — 199 — 199 Foreign currency contracts related to purchases - designated as hedges — 1,049 — 1,049 Foreign currency contracts related to purchases - not designated as hedges — 890 — 890 Deferred compensation plans — 4,216 — 4,216 $ — $ 12,304 $ — $ 12,304 December 31, 2015 Level Level Level Total (In thousands) Assets: Cash equivalents $ 22,516 $ — $ — $ 22,516 Foreign currency contracts related to sales - designated as hedges — 988 — 988 Foreign currency contracts related to sales - not designated as hedges — 664 — 664 Foreign currency contracts related to purchases - designated as hedges — 1,554 — 1,554 Foreign currency contracts related to purchases - not designated as hedges — 338 — 338 Deferred compensation plans — 4,000 — 4,000 $ 22,516 $ 7,544 $ — $ 30,060 Liabilities: Foreign currency contracts related to sales - designated as hedges $ — $ 6,368 $ — $ 6,368 Foreign currency contracts related to sales - not designated as hedges — 969 — 969 Foreign currency contracts related to purchases - designated as hedges — 322 — 322 Foreign currency contracts related to purchases - not designated as hedges — 128 — 128 Deferred compensation plans — 4,000 — 4,000 $ — $ 11,787 $ — $ 11,787 There were no transfers in or out of Level One, Two or Three during the three months ended April 1, 2016 .
Schedule of Foreign Exchange Contracts, Notional Values	As of April 1, 2016 and December 31, 2015 , the Company had foreign currency contracts with the following notional values: April 1, 2016 December 31, 2015 (In thousands) Foreign currency contracts sold - not designated as hedges $ 120,217 $ 119,653 Foreign currency contracts sold - designated as hedges 186,063 206,366 Foreign currency contracts purchased - not designated as hedges 36,215 41,480 Foreign currency contracts purchased - designated as hedges 61,866 62,794 Total foreign currency derivatives $ 404,361 $ 430,293
Schedule of Derivative Instruments, Gain (Loss) in Condensed Consolidated Financial Statements [Table Text Block]	The Company recognized the following in its Condensed Consolidated Financial Statements related to its derivative instruments: Three Months Ended April 1, 2016 March 27, 2015 (In thousands) Contracts Designated as Hedges: Foreign Currency Contracts - related to customer sales contracts: Unrealized loss $ (1,205 ) $ (5,759 ) Realized gain 2,369 452 Foreign Currency Contracts - related to supplier purchase contracts: Unrealized loss (347 ) (2,553 ) Realized gain 33 1,313 Unrealized (loss) gain on net investment hedges (1) (10,573 ) 28,685 Contracts Not Designated in a Hedge Relationship: Foreign Currency Contracts - related to customer sales contracts: Unrealized gain 2,028 526 Realized loss (13 ) (3,726 ) Foreign Currency Contracts - related to supplier purchases contracts: Unrealized loss (1,036 ) (144 ) Realized (loss) gain (36 ) 579 (1) The unrealized (loss) gain on net investment hedges is attributable to the change in valuation of Euro denominated debt.

Commitments and Contingencies30

Commitments and Contingencies (Tables)	3 Months Ended
	Apr. 01, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule Of Loss Contingencies By Claims Quantities [Table Text Block]	Claims activity since December 31 related to asbestos claims is as follows (1) : Three Months Ended April 1, 2016 March 27, 2015 (Number of claims) Claims unresolved, beginning of period 20,583 21,681 Claims filed (2) 1,521 1,226 Claims resolved (3) (1,463 ) (1,058 ) Claims unresolved, end of period 20,641 21,849 (1) Excludes claims filed by one legal firm that have been “administratively dismissed.” (2) Claims filed include all asbestos claims for which notification has been received or a file has been opened. (3) Claims resolved include all asbestos claims that have been settled, dismissed or that are in the process of being settled or dismissed based upon agreements or understandings in place with counsel for the claimants.
Schedule Of Asbestos Related Litigation [Table Text Block]	The Company’s Condensed Consolidated Balance Sheets included the following amounts related to asbestos-related litigation: April 1, 2016 December 31, 2015 (In thousands) Current asbestos insurance asset (1) $ 29,283 $ 28,872 Long-term asbestos insurance asset (2) 276,757 284,095 Long-term asbestos insurance receivable (2) 104,764 96,007 Accrued asbestos liability (3) 50,623 48,780 Long-term asbestos liability (4) 340,772 350,394 (1) Included in Other current assets in the Condensed Consolidated Balance Sheets. (2) Included in Other assets in the Condensed Consolidated Balance Sheets. (3) Represents current reserves for probable and reasonably estimable asbestos-related liability cost that the Company believes its subsidiaries will pay through the next 15 years, overpayments by certain insurers and unpaid legal costs related to defending themselves against asbestos-related liability claims and legal action against the Company’s insurers, which is included in Accrued liabilities in the Condensed Consolidated Balance Sheets. (4)) Included in Other liabilities in the Condensed Consolidated Balance Sheets.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Apr. 01, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The Company’s segment results were as follows: Three Months Ended April 1, 2016 March 27, 2015 (In thousands) Net sales: Gas and fluid handling $ 432,738 $ 422,209 Fabrication technology 444,105 488,861 $ 876,843 $ 911,070 Segment operating income (loss) (1) : Gas and fluid handling $ 33,923 $ 36,257 Fabrication technology 45,885 57,346 Corporate and other (13,674 ) (12,397 ) $ 66,134 $ 81,206 (1) The following is a reconciliation of Income before income taxes to segment operating income: Three Months Ended April 1, 2016 March 27, 2015 (In thousands) Income before income taxes $ 39,346 $ 65,409 Interest expense 9,120 12,044 Restructuring and other related charges 17,668 3,753 Segment operating income $ 66,134 $ 81,206
Revenue from External Customers by Products and Services [Table Text Block]	The detail of the Company’s Net sales by product type is as follows: Three Months Ended April 1, 2016 March 27, 2015 (In thousands) Gas handling $ 321,602 $ 300,239 Fluid handling 111,136 121,970 Welding and cutting 444,105 488,861 Total Net sales $ 876,843 $ 911,070

Acquisitions (Details)

Acquisitions (Details) - Roots Blowers and Compressors [Member] $ in Millions	3 Months Ended
	Apr. 01, 2016USD ($)
Payment to Acquire Business	$ 180.7
Business Acquisition, Effective Date of Acquisition	Jun. 30, 2015
Goodwill, Purchase Accounting Adjustments	$ 1.3

Net Income Per Share (Details)

Net Income Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 01, 2016	Mar. 27, 2015
Earnings Per Share [Abstract]
Net income attributable to Colfax Corporation	$ 22,615	$ 52,056
Weighted-average shares of Common stock outstanding - basic	123,082,661	123,947,392
Net effect of potentially dilutive securities - stock options and restricted stock units	160,223	1,145,243
Weighted-average shares of Common stock outstanding - diluted	123,242,884	125,092,635
Net income per share - basic and diluted	$ 0.18	$ 0.42

Net Income Per Share (Details T

Net Income Per Share (Details Textual) - shares shares in Millions	3 Months Ended
	Apr. 01, 2016	Mar. 27, 2015
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	5	2.1

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2016	Mar. 27, 2015
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions		$ 13,000
Income before income taxes	$ 39,346	65,409
Provision for income taxes	$ 13,136	$ 9,134
Effective Income Tax Rate, Continuing Operations	33.40%	14.00%

Equity (Details - AOCI Componen

Equity (Details - AOCI Components) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2016	Mar. 27, 2015
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance	$ (686,715)	$ (443,691)
Foreign currency translation adjustment	(6,252)	(182,735)
Loss on long-term intra-entity foreign currency transactions	(17,371)	(4,107)
(Loss) gain on net investment hedges	(10,573)	28,685
Unrealized gain (loss) on cash flow hedges	1,169	(6,511)
Other		2,110
Other comprehensive (loss) income before reclassifications	(33,027)	(162,558)
Amounts reclassified from Accumulated other comprehensive loss	1,400	2,216
Net current period other comprehensive (loss) income	(31,627)	(160,342)
Ending balance	(718,342)	(604,033)
Net Unrecognized Pension And Other Post-Retirement Benefit Cost [Member]
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance	(193,258)	(240,513)
Foreign currency translation adjustment	(929)	5,833
Loss on long-term intra-entity foreign currency transactions	0	0
(Loss) gain on net investment hedges	0	0
Unrealized gain (loss) on cash flow hedges	0	0
Other		2,110
Other comprehensive (loss) income before reclassifications	(929)	7,943
Amounts reclassified from Accumulated other comprehensive loss	1,400	2,216
Net current period other comprehensive (loss) income	471	10,159
Ending balance	(192,787)	(230,354)
Foreign Currency Translation Adjustment [Member]
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance	(528,620)	(227,059)
Foreign currency translation adjustment	(5,711)	(188,344)
Loss on long-term intra-entity foreign currency transactions	(17,371)	(4,107)
(Loss) gain on net investment hedges	0	0
Unrealized gain (loss) on cash flow hedges	0	0
Other		0
Other comprehensive (loss) income before reclassifications	(23,082)	(192,451)
Amounts reclassified from Accumulated other comprehensive loss	0	0
Net current period other comprehensive (loss) income	(23,082)	(192,451)
Ending balance	(551,702)	(419,510)
Unrealized Gain On Hedging Activities [Member]
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance	35,163	23,881
Foreign currency translation adjustment	388	(224)
Loss on long-term intra-entity foreign currency transactions	0	0
(Loss) gain on net investment hedges	(10,573)	28,685
Unrealized gain (loss) on cash flow hedges	1,169	(6,511)
Other		0
Other comprehensive (loss) income before reclassifications	(9,016)	21,950
Amounts reclassified from Accumulated other comprehensive loss	0	0
Net current period other comprehensive (loss) income	(9,016)	21,950
Ending balance	$ 26,147	$ 45,831

Equity (Details - Amounts Recla

Equity (Details - Amounts Reclassified from Accumulated Other Comprehensive Loss) - USD ($) $ in Thousands		3 Months Ended
		Apr. 01, 2016	Mar. 27, 2015
Equity [Abstract]
Amortization of net loss, before tax	[1]	$ 2,035	$ 3,092
Amortization of net loss, tax	[1]	(675)	(938)
Amortization of net loss, net of tax	[1]	1,360	2,154
Amortization of prior service cost, before tax	[1]	62	62
Amortization of prior service cost, tax	[1]	(22)	0
Amortization of prior service cost, net of tax	[1]	40	62
Net pension and other post-retirement benefit cost reclassified, before tax	[1]	2,097	3,154
Net pension and other post-retirement benefit cost, tax	[1]	(697)	(938)
Net pension and other post-retirement benefit cost reclassified, net of tax of $697 and $938	[1]	$ 1,400	$ 2,216
[1]	Included in the computation of net periodic benefit (income) cost. See Note 10, “Net Periodic Benefit Cost - Defined Benefit Plans” for additional details.

Equity Textuals (Details)

Equity Textuals (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Feb. 03, 2016	Apr. 01, 2016	Mar. 27, 2015	Oct. 11, 2015
Equity [Abstract]
Stock Repurchase Program, Authorized Amount				$ 100,000
Stock Repurchase (in shares)	1,000,000
Stock Repurchased and Retired During Period, Value		$ 20,812
Stock Repurchase Program, Remaining Authorized Repurchase Amount		52,000
Other Comprehensive Loss (Income), Net of Tax, Attributable to Noncontrolling Interest		$ 3,400	$ (2,900)

Inventories, Net (Details)

Inventories, Net (Details) - USD ($) $ in Thousands	Apr. 01, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Raw materials	$ 161,952	$ 160,640
Work in process	84,752	68,541
Finished goods	263,948	243,209
Inventory, gross	510,652	472,390
Less: customer progress payments	(16,557)	(15,876)
Less: allowance for excess, slow-moving and obsolete inventory	(40,513)	(36,128)
Inventories, net	$ 453,582	$ 420,386

Debt Components (Details)

Debt Components (Details) - USD ($) $ in Thousands	Apr. 01, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total Debt	$ 1,446,083	$ 1,417,547
Less: current portion	(5,774)	(5,792)
Long-term debt	1,440,309	1,411,755
Term loans [Member]
Debt Instrument [Line Items]
Total Debt	704,473	713,175
Trade receivables financing arrangement [Member]
Debt Instrument [Line Items]
Total Debt	80,183	75,800
Revolving credit facilities and other [Member]
Debt Instrument [Line Items]
Total Debt	$ 661,427	$ 628,572

Debt (Details Textual)

Debt (Details Textual) $ in Millions	3 Months Ended
	Apr. 01, 2016USD ($)Rate
Debt discount	$ 6.9
Deferred Finance Costs, Net	$ 7.7
Long-term Debt, Weighted Average Interest Rate	1.85%
Line of Credit Facility, Remaining Borrowing Capacity	$ 752.1
Letter of Credit Subfacility, Maximum Borrowing Capacity	763.5
Letters of Credit, Amount Outstanding	$ 360.5
Debt Instrument, Covenant Compliance	As of April 1, 2016, the Company is in compliance with the covenants under the Credit Agreement.
Trade receivables financing arrangement [Member]
Long-term Debt, Weighted Average Interest Rate | Rate	1.26%
Trade receivables financing arrangement, maximum borrowing capacity	$ 95
Trade receivables financing arrangement, outstanding borrowings	$ 80.2

Accrued Liabilities Chart (Deta

Accrued Liabilities Chart (Details) - USD ($) $ in Thousands		Apr. 01, 2016	Dec. 31, 2015
Accrued Liabilities [Abstract]
Accrued payroll		$ 106,115	$ 99,383
Advance payments from customers		46,247	45,590
Accrued taxes		45,274	51,834
Accrued asbestos-related liability	[1]	50,623	48,780
Warranty liability - current portion		37,703	36,128
Accrued restructuring liability - current portion		16,864	12,918
Accrued third-party commissions		10,061	10,275
Other		87,206	86,751
Accrued liabilities		$ 400,093	$ 391,659
[1]	Represents current reserves for probable and reasonably estimable asbestos-related liability cost that the Company believes its subsidiaries will pay through the next 15 years, overpayments by certain insurers and unpaid legal costs related to defending themselves against asbestos-related liability claims and legal action against the Company’s insurers, which is included in Accrued liabilities in the Condensed Consolidated Balance Sheets.

Warranty Liability Rollforward

Warranty Liability Rollforward (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2016	Mar. 27, 2015
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty liability, beginning of period	$ 37,407	$ 51,135
Accrued warranty expense	6,514	4,461
Changes in estimates related to pre-existing warranties	1,715	(844)
Cost of warranty service work performed	(7,642)	(5,606)
Foreign exchange translation effect	881	(2,566)
Warranty liability, end of period	$ 38,875	$ 46,580

Restructuring Rollforward (Deta

Restructuring Rollforward (Details) $ in Thousands	3 Months Ended
	Apr. 01, 2016USD ($)
Balance at Beginning of Period	$ 13,718
Provisions	17,668
Payments	(12,953)
Foreign Currency Translation	281
Balance at End of Period	17,528	[1]
Restructuring provisions before non-cash charges	16,482
Non-cash impairment restructuring provisions	1,186
Gas and Fluid Handling [Member]
Balance at Beginning of Period	6,636
Provisions	10,593
Payments	(7,750)
Foreign Currency Translation	268
Balance at End of Period	8,561
Restructuring provisions before non-cash charges	9,407
Non-cash impairment restructuring provisions	1,186
Fabrication Technology [Member]
Balance at Beginning of Period	6,457
Provisions	7,075
Payments	(5,133)
Foreign Currency Translation	36
Balance at End of Period	8,435
Corporate and Other [Member]
Balance at Beginning of Period	625
Provisions	0
Payments	(70)
Foreign Currency Translation	23
Balance at End of Period	532
Termination benefits [Member] | Gas and Fluid Handling [Member]
Balance at Beginning of Period	3,979	[2]
Provisions	4,936	[2]
Payments	(2,942)	[2]
Foreign Currency Translation	158	[2]
Balance at End of Period	6,131	[2]
Termination benefits [Member] | Fabrication Technology [Member]
Balance at Beginning of Period	6,031	[2]
Provisions	6,116	[2]
Payments	(4,012)	[2]
Foreign Currency Translation	26	[2]
Balance at End of Period	8,161	[2]
Facility closure costs [Member] | Gas and Fluid Handling [Member]
Balance at Beginning of Period	2,657	[3]
Provisions	4,471	[3]
Payments	(4,808)	[3]
Foreign Currency Translation	110	[3]
Balance at End of Period	2,430	[3]
Facility closure costs [Member] | Fabrication Technology [Member]
Balance at Beginning of Period	426	[3]
Provisions	959	[3]
Payments	(1,121)	[3]
Foreign Currency Translation	10	[3]
Balance at End of Period	274	[3]
Facility closure costs [Member] | Corporate and Other [Member]
Balance at Beginning of Period	625	[3]
Provisions	0	[3]
Payments	(70)	[3]
Foreign Currency Translation	23	[3]
Balance at End of Period	$ 532	[3]
[1]	As of April 1, 2016, $16.9 million and $0.6 million of the Company’s restructuring liability was included in Accrued liabilities and Other liabilities, respectively.
[2]	Includes severance and other termination benefits, including outplacement services. The Company recognizes the cost of involuntary termination benefits at the communication date or ratably over any remaining expected future service period. Voluntary termination benefits are recognized as a liability and an expense when employees accept the offer and the amount can be reasonably estimated.
[3]	Includes the cost of relocating associates, relocating equipment and lease termination expense in connection with the closure of facilities.

Accrued Liabilities (Details Te

Accrued Liabilities (Details Textual) - USD ($) $ in Thousands	Apr. 01, 2016	Dec. 31, 2015
Restructuring Reserve, Current	$ 16,864	$ 12,918
Restructuring Reserve, Noncurrent	600
Expected Remaining Restructuring and Related Charges For Year	$ 52,000

Net Periodic Benefit Cost-Def46

Net Periodic Benefit Cost-Defined Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 01, 2016	Mar. 27, 2015
Pension Benefits-U.S. Plans: [Member]
Service cost	$ 48	$ 0
Interest cost	4,352	4,293
Expected return on plan assets	(6,121)	(6,020)
Amortization	1,615	1,901
Net periodic benefit (income) cost	(106)	174
Pension Benefits-Non U.S. Plans: [Member]
Service cost	835	1,207
Interest cost	8,444	9,759
Expected return on plan assets	(8,221)	(8,656)
Amortization	418	1,078
Net periodic benefit (income) cost	1,476	3,388
Other Post-Retirement Benefits: [Member]
Service cost	16	51
Interest cost	312	326
Amortization	64	175
Net periodic benefit (income) cost	$ 392	$ 552

Fair Value Hierarchy (Details)

Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Apr. 01, 2016	Dec. 31, 2015
Cash equivalents	$ 20,455	$ 22,516
Deferred compensation plans	4,216	4,000
Deferred compensation plans liability	4,216	4,000
Assets, Fair Value Disclosure	30,774	30,060
Liabilities, Fair Value Disclosure	12,304	11,787
Fair Value, Inputs, Level 1 [Member]
Cash equivalents	20,455	22,516
Assets, Fair Value Disclosure	20,455	22,516
Fair Value, Inputs, Level 2 [Member]
Deferred compensation plans	4,216	4,000
Deferred compensation plans liability	4,216	4,000
Assets, Fair Value Disclosure	10,319	7,544
Liabilities, Fair Value Disclosure	12,304	11,787
Foreign currency contracts related to customer sales contracts
Foreign currency contracts designated as hedges, Assets	2,228	988
Foreign currency contracts not designated as hedges, Assets	1,922	664
Foreign currency contracts designated as hedges, Liabilities	5,950	6,368
Foreign currency contracts not designated as hedges, Liability	199	969
Foreign currency contracts related to customer sales contracts | Fair Value, Inputs, Level 2 [Member]
Foreign currency contracts designated as hedges, Assets	2,228	988
Foreign currency contracts not designated as hedges, Assets	1,922	664
Foreign currency contracts designated as hedges, Liabilities	5,950	6,368
Foreign currency contracts not designated as hedges, Liability	199	969
Foreign currency contracts related to supplier purchase contracts
Foreign currency contracts designated as hedges, Assets	1,889	1,554
Foreign currency contracts not designated as hedges, Assets	64	338
Foreign currency contracts designated as hedges, Liabilities	1,049	322
Foreign currency contracts not designated as hedges, Liability	890	128
Foreign currency contracts related to supplier purchase contracts | Fair Value, Inputs, Level 2 [Member]
Foreign currency contracts designated as hedges, Assets	1,889	1,554
Foreign currency contracts not designated as hedges, Assets	64	338
Foreign currency contracts designated as hedges, Liabilities	1,049	322
Foreign currency contracts not designated as hedges, Liability	$ 890	$ 128

Foreign Currency Contracts Noti

Foreign Currency Contracts Notional Values (Details) - USD ($) $ in Thousands	Apr. 01, 2016	Dec. 31, 2015
Derivative, Notional Amount	$ 404,361	$ 430,293
Foreign currency contracts related to customer sales contracts | Not Designated As Hedging Instrument [Member]
Derivative, Notional Amount	120,217	119,653
Foreign currency contracts related to customer sales contracts | Designated As Hedging Instrument [Member]
Derivative, Notional Amount	186,063	206,366
Foreign currency contracts related to supplier purchase contracts | Not Designated As Hedging Instrument [Member]
Derivative, Notional Amount	36,215	41,480
Foreign currency contracts related to supplier purchase contracts | Designated As Hedging Instrument [Member]
Derivative, Notional Amount	$ 61,866	$ 62,794

Gain (Loss) On Derivative Instr

Gain (Loss) On Derivative Instruments (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 01, 2016	Mar. 27, 2015
Unrealized (Loss) Gain on Net Investment Hedges		$ (10,573)	$ 28,685
Designated As Hedging Instrument [Member]
Unrealized (Loss) Gain on Net Investment Hedges	[1]	(10,573)	28,685
Designated As Hedging Instrument [Member] | Foreign currency contracts related to customer sales contracts
Unrealized (Loss) Gain on Foreign Currency Contracts		(1,205)	(5,759)
Realized (Loss) Gain on Foreign Currency Contracts		2,369	452
Designated As Hedging Instrument [Member] | Foreign currency contracts related to supplier purchase contracts
Unrealized (Loss) Gain on Foreign Currency Contracts		(347)	(2,553)
Realized (Loss) Gain on Foreign Currency Contracts		33	1,313
Not Designated As Hedging Instrument [Member] | Foreign currency contracts related to customer sales contracts
Unrealized (Loss) Gain on Foreign Currency Contracts		2,028	526
Realized (Loss) Gain on Foreign Currency Contracts		(13)	(3,726)
Not Designated As Hedging Instrument [Member] | Foreign currency contracts related to supplier purchase contracts
Unrealized (Loss) Gain on Foreign Currency Contracts		(1,036)	(144)
Realized (Loss) Gain on Foreign Currency Contracts		$ (36)	$ 579
[1]	The unrealized (loss) gain on net investment hedges is attributable to the change in valuation of Euro denominated debt.

Financial Instruments and Fai50

Financial Instruments and Fair Value Measurements (Details Textual) - USD ($) $ in Billions	Apr. 01, 2016	Mar. 27, 2015
Financial Instruments and Fair Value Measurements [Abstract]
Long-term Debt, Fair Value	$ 1.4	$ 1.4

Claims Rollforward (Details)

Claims Rollforward (Details) - Asbestos_claims		3 Months Ended
		Apr. 01, 2016	Mar. 27, 2015
Claims unresolved, beginning of period	[1]	20,583	21,681
Claims filed(2)	[1],[2]	1,521	1,226
Claims resolved(3)	[1],[3]	(1,463)	(1,058)
Claims unresolved, end of period	[1]	20,641	21,849
[1]	Excludes claims filed by one legal firm that have been “administratively dismissed.”
[2]	Claims filed include all asbestos claims for which notification has been received or a file has been opened.
[3]	Claims resolved include all asbestos claims that have been settled, dismissed or that are in the process of being settled or dismissed based upon agreements or understandings in place with counsel for the claimants.

Asbestos Litigation (Details 1)

Asbestos Litigation (Details 1) - USD ($) $ in Thousands		Apr. 01, 2016	Dec. 31, 2015
Current asbestos insurance asset(1)	[1]	$ 29,283	$ 28,872
Long-term asbestos insurance asset(2)	[2]	276,757	284,095
Long-term asbestos insurance receivable(2)	[2]	104,764	96,007
Accrued asbestos liability(3)	[3]	50,623	48,780
Long-term asbestos liability(4)	[4]	$ 340,772	$ 350,394
[1]	Included in Other current assets in the Condensed Consolidated Balance Sheets.
[2]	Included in Other assets in the Condensed Consolidated Balance Sheets.
[3]	Represents current reserves for probable and reasonably estimable asbestos-related liability cost that the Company believes its subsidiaries will pay through the next 15 years, overpayments by certain insurers and unpaid legal costs related to defending themselves against asbestos-related liability claims and legal action against the Company’s insurers, which is included in Accrued liabilities in the Condensed Consolidated Balance Sheets.
[4]	Included in Other liabilities in the Condensed Consolidated Balance Sheets.

Commitments and Contingencies53

Commitments and Contingencies (Details Textual)	3 Months Ended
	Apr. 01, 2016
Commitments and Contingencies Disclosure [Abstract]
Future Claims Period	15 years
Loss Contingency, Allegations	The Lincoln Electric Company and Lincoln Global, Inc. (collectively, “Lincoln Electric”) filed suit against The ESAB Group, Inc. and ESAB AB in the United States District Court, Eastern District of Texas, alleging infringement of certain patents allegedly owned by Lincoln Electric. The complaint, as amended, seeks undisclosed damages plus interest, an award of attorneys’ fees and expenses, and injunctive relief. The defendants answered the complaint, denying Lincoln Electric’s infringement allegations and asserting affirmative defenses, on October 20, 2015. The litigation is in an early stage, and is not expected to have a material adverse effect on the financial condition, results of operations or cash flow of the Company. The defendants are vigorously defending against the claims.

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 01, 2016	Mar. 27, 2015
Net sales		$ 876,843	$ 911,070
Income before income taxes		39,346	65,409
Interest expense		9,120	12,044
Restructuring and other related charges		17,668	3,753
Segment Operating Income (Loss)	[1]	66,134	81,206
Gas Handling [Member]
Net sales		321,602	300,239
Fluid Handling [Member]
Net sales		111,136	121,970
Welding and Cutting [Member]
Net sales		444,105	488,861
Gas and Fluid Handling [Member]
Net sales		432,738	422,209
Segment Operating Income (Loss)	[1]	33,923	36,257
Fabrication Technology [Member]
Net sales		444,105	488,861
Segment Operating Income (Loss)	[1]	45,885	57,346
Corporate and Other [Member]
Segment Operating Income (Loss)	[1]	$ (13,674)	$ (12,397)
[1]	The following is a reconciliation of Income before income taxes to segment operating income: