Enovis (ENOV) 10-Q 28 Jul 16 2016 Q2 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION	6 Months Ended
	Jul. 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	122,659,511
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 1, 2016
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,016

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2016	Jun. 26, 2015	Jul. 01, 2016	Jun. 26, 2015
Income Statement [Abstract]
Net sales	$ 957,249	$ 1,025,375	$ 1,834,092	$ 1,936,445
Cost of sales	656,144	697,338	1,252,466	1,313,970
Gross profit	301,105	328,037	581,626	622,475
Selling, general and administrative expense	213,553	222,629	427,940	435,861
Restructuring and other related charges	14,490	8,834	32,158	12,587
Operating income	73,062	96,574	121,528	174,027
Interest expense	8,711	14,249	17,831	26,293
Income before income taxes	64,351	82,325	103,697	147,734
Provision for income taxes	20,388	23,496	33,524	32,630
Net income	43,963	58,829	70,173	115,104
Less: income attributable to noncontrolling interest, net of taxes	4,209	5,702	7,804	9,921
Net income attributable to Colfax Corporation	$ 39,754	$ 53,127	$ 62,369	$ 105,183
Net income per share - basic	$ 0.32	$ 0.43	$ 0.51	$ 0.85
Net income per share - diluted	$ 0.32	$ 0.42	$ 0.51	$ 0.84

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 01, 2016	Jun. 26, 2015	Jul. 01, 2016	Jun. 26, 2015
Statement of Comprehensive Income [Abstract]
Net income		$ 43,963	$ 58,829	$ 70,173	$ 115,104
Other comprehensive (loss) income:
Foreign currency translation, net of tax of $2,190, $0, $2,436 and $0		(134,022)	117,484	(154,064)	(72,241)
Unrealized gain (loss) on hedging activities, net of tax of $1,181, $11,638, $(1,699) and $14,428		4,233	(9,922)	(5,320)	12,259
Changes in deferred tax related to pension and other post-retirement benefit cost		0	1,707	0	3,817
Amounts reclassified from Accumulated other comprehensive loss:
Net pension and other post-retirement benefit cost, net of tax of $801, $1,733, $1,498 and $2,671	[1]	1,308	1,858	2,708	4,074
Other comprehensive (loss) income		(128,481)	111,127	(156,676)	(52,091)
Comprehensive (loss) income		(84,518)	169,956	(86,503)	63,013
Less: comprehensive income attributable to noncontrolling interest		2,001	4,013	9,028	5,356
Comprehensive (loss) income attributable to Colfax Corporation		$ (86,519)	$ 165,943	$ (95,531)	$ 57,657
[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) INCOME [Parenthetical] - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 01, 2016	Jun. 26, 2015	Jul. 01, 2016	Jun. 26, 2015
Statement of Comprehensive Income [Abstract]
Foreign currency translation, tax		$ 2,190	$ 0	$ 2,436	$ 0
Unrealized gain (loss) on hedging activities, tax		1,181	11,638	(1,699)	14,428
Net pension and other post-retirement benefit cost, tax	[1]	$ 801	$ 1,733	$ 1,498	$ 2,671
[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	Jul. 01, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 184,672	$ 197,469
Trade receivables, less allowance for doubtful accounts of $43,850 and $39,505	906,336	888,166
Inventories, net	432,246	420,386
Other current assets	263,806	253,744
Total current assets	1,787,060	1,759,765
Property, plant and equipment, net	635,351	644,536
Goodwill	2,665,963	2,817,687
Intangible assets, net	959,308	995,712
Other assets	528,478	515,219
Total assets	6,576,160	6,732,919
LIABILITIES AND EQUITY
Current portion of long-term debt	5,611	5,792
Accounts payable	679,137	718,893
Accrued liabilities	403,156	391,659
Total current liabilities	1,087,904	1,116,344
Long-term debt, less current portion	1,399,851	1,411,755
Other liabilities	930,368	948,264
Total liabilities	3,418,123	3,476,363
Equity:
Common stock, $0.001 par value; 400,000,000 shares authorized; 122,659,511 and 123,486,425 issued and outstanding	123	123
Additional paid-in capital	3,189,835	3,199,267
Retained earnings	619,669	557,300
Accumulated other comprehensive loss	(844,615)	(686,715)
Total Colfax Corporation equity	2,965,012	3,069,975
Noncontrolling interest	193,025	186,581
Total equity	3,158,037	3,256,556
Total liabilities and equity	$ 6,576,160	$ 6,732,919

CONDENSED CONSOLIDATED BALANCE6

CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] - USD ($) $ in Thousands	Jul. 01, 2016	Dec. 31, 2015
Trade receivables, allowance for doubtful accounts	$ 43,850	$ 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	122,659,511	123,486,425
Common Stock, Shares, Outstanding	122,659,511	123,486,425

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENT OF EQUITY - 6 months ended Jul. 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	62,369			62,369
Net income attributable to noncontrolling interest	7,804					7,804
Net income	70,173
Distributions to noncontrolling owners	(2,584)					(2,584)
Other comprehensive (loss) income, net of tax of $2.2 million	(156,676)				(157,900)	1,224
Stock repurchase	$ (20,812)	$ (1)	(20,811)
Stock repurchase (in shares)	(1,000,000)	(1,000,000)
Common stock-based award activity	$ 11,380	$ 1	11,379
Common stock-based award activity (in shares)		173,086
Shares, Outstanding at Jul. 01, 2016		122,659,511
Balance at Jul. 01, 2016	$ 3,158,037	$ 123	$ 3,189,835	$ 619,669	$ (844,615)	$ 193,025

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENT OF EQUITY Statement of Stockholders' Equity [Parenthetical] $ in Millions	6 Months Ended
	Jul. 01, 2016USD ($)
Statement of Stockholders' Equity [Parenthetical] [Abstract]
Other comprehensive (loss) income, tax	$ 2.2

CONDENSED CONSOLIDATED STATEME9

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jul. 01, 2016	Jun. 26, 2015
Statement of Cash Flows [Abstract]
Net income	$ 70,173	$ 115,104
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and impairment charges	74,001	71,113
Stock-based compensation expense	10,967	8,716
Non-cash interest expense	2,106	8,294
Deferred income tax (benefit) provision	(528)	1,168
Changes in operating assets and liabilities:
Trade receivables, net	(13,807)	(35,117)
Inventories, net	(7,356)	(21,522)
Accounts payable	(39,181)	(13,596)
Changes in other operating assets and liabilities	(39,963)	(67,291)
Net cash provided by operating activities	56,412	66,869
Cash flows from investing activities:
Purchases of fixed assets, net	(25,497)	(18,318)
Net cash used in investing activities	(25,497)	(18,318)
Cash flows from financing activities:
Borrowings under term credit facility	0	750,000
Payments under term credit facility	(18,750)	(1,214,122)
Proceeds from borrowings on revolving credit facilities and other	491,233	966,403
Repayments of borrowings on revolving credit facilities and other	(493,962)	(637,136)
Proceeds from issuance of common stock, net	413	2,987
Repurchases of common stock	(20,812)	0
Other	(5,278)	(3,625)
Net cash used in financing activities	(47,156)	(135,493)
Effect of foreign exchange rates on Cash and cash equivalents	3,444	(6,296)
Decrease in Cash and cash equivalents	(12,797)	(93,238)
Cash and cash equivalents, beginning of period	197,469	305,448
Cash and cash equivalents, end of period	$ 184,672	$ 212,210

General (Text Block)

General (Text Block)	6 Months Ended
	Jul. 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 and six months ended July 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)	6 Months Ended
	Jul. 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) — Deferral of the Effective Date”, 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. During the six months ended July 1, 2016 , the FASB issued three additional Accounting Standards Updates that clarify the original guidance as laid out in ASU No. 2014-09. These Accounting Standards Updates focus on clarification of principal versus agent considerations, performance obligations and licensing, and provides for application of certain practical expedients and narrow-scope improvements. 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 six months ended July 1, 2016 did not have a material impact on the Company’s Condensed Consolidated Financial Statements. See Note 3, “Acquisitions” for measurement period adjustments made during the six months ended July 1, 2016 , related to acquisitions that occurred during the year ended December 31, 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 provides 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 adoption method. 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. In June 2016, the FASB issued Accounting Standards Update No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU No. 2016-13”). ASU No. 2016-13 is effective for fiscal periods beginning after December 15, 2019 with early adoption permitted. ASU No. 2016-13 eliminates the probable initial recognition threshold under current U.S. GAAP and broadens the information an entity must consider when developing its expected credit loss estimates to include forecast information that affects the collectibility of the reported amount. The Company is currently evaluating the impact of adopting ASU No. 2016-13 on its Consolidated Financial Statements.

Acquisitions (Notes)

Acquisitions (Notes)	6 Months Ended
	Jul. 01, 2016
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Acquisitions The Company completed the acquisitions of the Roots TM blowers and compressors business unit, also known as Industrial Air & Gas Technologies, from GE Oil & Gas (“Roots”) on June 30, 2015 , and Simsmart Technologies, Inc . (“Simsmart”) on October 5, 2015 . During the six months ended July 1, 2016 the Company adjusted provisional amounts with respect to these acquisitions 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 the Company’s valuation of inventory and revision of estimates based on additional information obtained for a specific environmental reserve increased the Goodwill balance by $1.3 million during the six months ended July 1, 2016 . The Company continues to evaluate the acquired assets and liabilities assumed for Simsmart during the measurement period as certain valuations and studies have yet to be finalized, and accordingly, the assets acquired and liabilities assumed are subject to adjustment once the detailed analyses are complete.

Net Income Per Share (Text Bloc

Net Income Per Share (Text Block)	6 Months Ended
	Jul. 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 Six Months Ended July 1, 2016 June 26, 2015 July 1, 2016 June 26, 2015 (In thousands, except share data) Computation of Net income per share - basic: Net income attributable to Colfax Corporation $ 39,754 $ 53,127 $ 62,369 $ 105,183 Weighted-average shares of Common stock outstanding - basic 122,827,512 124,250,487 122,958,853 124,103,220 Net income per share - basic $ 0.32 $ 0.43 $ 0.51 $ 0.85 Computation of Net income per share - diluted: Net income attributable to Colfax Corporation $ 39,754 $ 53,127 $ 62,369 $ 105,183 Weighted-average shares of Common stock outstanding - basic 122,827,512 124,250,487 122,958,853 124,103,220 Net effect of potentially dilutive securities - stock options and restricted stock units 208,945 1,011,251 184,584 1,078,247 Weighted-average shares of Common stock outstanding - diluted 123,036,457 125,261,738 123,143,437 125,181,467 Net income per share - diluted $ 0.32 $ 0.42 $ 0.51 $ 0.84 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 July 1, 2016 and June 26, 2015 excludes approximately 5.2 million and 2.2 million of outstanding stock-based compensation awards, respectively, as their inclusion would be anti-dilutive. The weighted-average computation of the dilutive effect of potentially issuable shares of Common stock under the treasury stock method for the six months ended July 1, 2016 and June 26, 2015 excludes approximately 5.1 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)	6 Months Ended
	Jul. 01, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes During the three and six months ended July 1, 2016 , Income before income taxes was $64.4 million and $103.7 million , respectively, while the Provision for income taxes was $20.4 million and $33.5 million , respectively. The effective tax rates were 31.7% and 32.3% for the three and six months ended July 1, 2016 , respectively, which differ 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 and six months ended June 26, 2015 , Income before income taxes was $82.3 million and $147.7 million , respectively, while the Provision for income taxes was $23.5 million and $32.6 million , respectively. The effective tax rate was 28.5% for the three months ended June 26, 2015 , which 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 was not expected to be recognized in 2015 . The effective tax rate was 22.1% for the six months ended June 26, 2015 , which 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)	6 Months Ended
	Jul. 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 six months ended July 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 July 1, 2016 , the remaining stock repurchase authorization provided by the Company’s Board of Directors is approximately $52 million . Share-Based Payments On May 13, 2016, the Company’s Board of Directors and stockholders approved the Colfax Corporation 2016 Omnibus Incentive Plan (the “2016 Plan”). Under the 2016 Plan, the Company has reserved up to 10.5 million shares of Common stock for potential issuance as stock-based awards. Upon approval of the 2016 Plan, awards are no longer granted under the previously existing Colfax Corporation Omnibus Incentive Plan, as amended and restated on April 2, 2012. 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 six months ended July 1, 2016 and June 26, 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 income (loss) before reclassifications: Foreign currency translation adjustment 468 (131,583 ) 779 (130,336 ) Loss on long-term intra-entity foreign currency transactions — (25,021 ) — (25,021 ) Loss on net investment hedges — — (5,705 ) (5,705 ) Unrealized gain on cash flow hedges — — 454 454 Other comprehensive income (loss) before reclassifications 468 (156,604 ) (4,472 ) (160,608 ) Amounts reclassified from Accumulated other comprehensive loss 2,708 — — 2,708 Net current period Other comprehensive income (loss) 3,176 (156,604 ) (4,472 ) (157,900 ) Balance at July 1, 2016 $ (190,082 ) $ (685,224 ) $ 30,691 $ (844,615 ) 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 4,530 (76,639 ) (155 ) (72,264 ) Gain on long-term intra-entity foreign currency transactions — 4,620 — 4,620 Gain on net investment hedges — — 10,212 10,212 Unrealized gain on cash flow hedges — — 2,015 2,015 Other 3,817 — — 3,817 Other comprehensive income (loss) before reclassifications 8,347 (72,019 ) 12,072 (51,600 ) Amounts reclassified from Accumulated other comprehensive loss 4,074 — — 4,074 Net current period Other comprehensive income (loss) 12,421 (72,019 ) 12,072 (47,526 ) Balance at June 26, 2015 $ (228,092 ) $ (299,078 ) $ 35,953 $ (491,217 ) The effect on Net income of amounts reclassified out of each component of Accumulated other comprehensive loss for the three and six months ended July 1, 2016 and June 26, 2015 is as follows: Three Months Ended July 1, 2016 Six Months Ended July 1, 2016 Amounts Reclassified From Accumulated Other Comprehensive Loss Tax Benefit Total Amounts Reclassified From Accumulated Other Comprehensive Loss Tax Benefit Total (In thousands) Pension and other post-retirement benefit cost: Amortization of net loss (1) $ 2,047 $ (775 ) $ 1,272 $ 4,082 $ (1,450 ) $ 2,632 Amortization of prior service cost (1) 62 (26 ) 36 124 (48 ) 76 $ 2,109 $ (801 ) $ 1,308 $ 4,206 $ (1,498 ) $ 2,708 Three Months Ended June 26, 2015 Six Months Ended June 26, 2015 Amounts Reclassified From Accumulated Other Comprehensive Loss Tax Benefit Total Amounts Reclassified From Accumulated Other Comprehensive Loss Tax Benefit Total (In thousands) Pension and other post-retirement benefit cost: Amortization of net loss (1) $ 3,522 $ (1,733 ) $ 1,789 $ 6,614 $ (2,671 ) $ 3,943 Amortization of prior service cost (1) 69 — 69 131 — 131 $ 3,591 $ (1,733 ) $ 1,858 $ 6,745 $ (2,671 ) $ 4,074 (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 six months ended July 1, 2016 , Noncontrolling interest increased by $1.2 million as a result of Other comprehensive income, primarily due to foreign currency translation adjustment. During the six months ended June 26, 2015 , Noncontrolling interest decreased by $4.6 million as a result of Other comprehensive loss, primarily due to foreign currency translation adjustment.

Inventories, Net (Text Block)

Inventories, Net (Text Block)	6 Months Ended
	Jul. 01, 2016
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Inventories, Net Inventories, net consisted of the following: July 1, 2016 December 31, 2015 (In thousands) Raw materials $ 154,122 $ 160,640 Work in process 84,952 68,541 Finished goods 256,344 243,209 495,418 472,390 Less: customer progress payments (16,390 ) (15,876 ) Less: allowance for excess, slow-moving and obsolete inventory (46,782 ) (36,128 ) Inventories, net $ 432,246 $ 420,386

Debt (Text Block)

Debt (Text Block)	6 Months Ended
	Jul. 01, 2016
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Debt Long-term debt consisted of the following: July 1, 2016 December 31, 2015 (In thousands) Term loans $ 695,751 $ 713,175 Trade receivables financing arrangement 83,124 75,800 Revolving credit facilities and other 626,587 628,572 Total Debt 1,405,462 1,417,547 Less: current portion (5,611 ) (5,792 ) Long-term debt $ 1,399,851 $ 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 $6.4 million and deferred financing fees of $7.1 million included in its Condensed Consolidated Balance Sheet as of July 1, 2016 , which will be accreted to Interest expense, primarily using the effective interest method, over the life of the Credit Agreement. As of July 1, 2016 , the weighted-average interest rate of borrowings under the Credit Agreement was 1.87% , excluding accretion of original issue discount, and there was $771.8 million available on the revolving credit facility. The Company is also party to letter of credit facilities with total capacity of $743.3 million . Total letters of credit of $348.2 million were outstanding as of July 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 July 1, 2016 , the total outstanding borrowings under the receivables financing facility were $83.1 million and the interest rate was 1.29% . The scheduled termination date for the receivables financing facility is December 20, 2016 and may be extended from time to time. As of July 1, 2016, the Company is in compliance with the covenants under the Credit Agreement.

Accrued Liabilities (Text Block

Accrued Liabilities (Text Block)	6 Months Ended
	Jul. 01, 2016
Accrued Liabilities [Abstract]
Accrued Liabilities Disclosure [Text Block]	Accrued Liabilities Accrued liabilities in the Condensed Consolidated Balance Sheets consisted of the following: July 1, 2016 December 31, 2015 (In thousands) Accrued payroll $ 108,459 $ 99,383 Advance payment from customers 42,583 45,590 Accrued taxes 47,214 51,834 Accrued asbestos-related liability 52,470 48,780 Warranty liability - current portion 36,172 36,128 Accrued restructuring liability - current portion 14,380 12,918 Accrued third-party commissions 9,333 10,275 Other 92,545 86,751 Accrued liabilities $ 403,156 $ 391,659 Warranty Liability The activity in the Company’s warranty liability consisted of the following: Six Months Ended July 1, 2016 June 26, 2015 (In thousands) Warranty liability, beginning of period $ 37,407 $ 51,135 Accrued warranty expense 13,750 8,685 Changes in estimates related to pre-existing warranties 2,322 (2,696 ) Cost of warranty service work performed (16,839 ) (12,641 ) Foreign exchange translation effect 705 (2,013 ) Warranty liability, end of period $ 37,345 $ 42,470 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: Six Months Ended July 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 $ 13,326 $ (7,405 ) $ (24 ) $ 9,876 Facility closure costs (2) 2,657 3,489 (6,007 ) 106 245 6,636 16,815 (13,412 ) 82 10,121 Non-cash charges 874 17,689 Fabrication Technology: Termination benefits (1) 6,031 10,396 (13,291 ) (38 ) 3,098 Facility closure costs (2) 426 2,761 (1,884 ) (35 ) 1,268 6,457 13,157 (15,175 ) (73 ) 4,366 Non-cash charges 1,312 14,469 Corporate and Other: Facility closure costs (2) 625 — (138 ) (53 ) 434 625 — (138 ) (53 ) 434 $ 13,718 29,972 $ (28,725 ) $ (44 ) $ 14,921 Non-cash charges 2,186 $ 32,158 (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 July 1, 2016 , $14.4 million and $0.5 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 $48 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)	6 Months Ended
	Jul. 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 Six Months Ended July 1, 2016 June 26, 2015 July 1, 2016 June 26, 2015 (In thousands) Pension Benefits - U.S. Plans: Service cost $ 48 $ — $ 96 $ — Interest cost 4,353 4,288 8,705 8,581 Expected return on plan assets (6,120 ) (6,019 ) (12,241 ) (12,039 ) Amortization 1,619 1,898 3,234 3,799 Net periodic benefit (income) cost $ (100 ) $ 167 $ (206 ) $ 341 Pension Benefits-Non U.S. Plans: Service cost $ 856 $ 818 $ 1,691 $ 2,025 Interest cost 8,716 9,777 17,160 19,536 Expected return on plan assets (7,979 ) (9,153 ) (16,200 ) (17,809 ) Amortization 426 1,501 844 2,579 Net periodic benefit cost $ 2,019 $ 2,943 $ 3,495 $ 6,331 Other Post-Retirement Benefits: Service cost $ 15 $ 51 $ 31 $ 102 Interest cost 313 313 625 639 Amortization 64 192 128 367 Net periodic benefit cost $ 392 $ 556 $ 784 $ 1,108

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements (Text Block)	6 Months Ended
	Jul. 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 July 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: July 1, 2016 Level Level Level Total (In thousands) Assets: Cash equivalents $ 21,322 $ — $ — $ 21,322 Foreign currency contracts related to sales - designated as hedges — 2,033 — 2,033 Foreign currency contracts related to sales - not designated as hedges — 658 — 658 Foreign currency contracts related to purchases - designated as hedges — 4,271 — 4,271 Foreign currency contracts related to purchases - not designated as hedges — 161 — 161 Deferred compensation plans — 4,034 — 4,034 $ 21,322 $ 11,157 $ — $ 32,479 Liabilities: Foreign currency contracts related to sales - designated as hedges $ — $ 9,670 $ — $ 9,670 Foreign currency contracts related to sales - not designated as hedges — 515 — 515 Foreign currency contracts related to purchases - designated as hedges — 580 — 580 Foreign currency contracts related to purchases - not designated as hedges — 467 — 467 Deferred compensation plans — 4,034 — 4,034 $ — $ 15,266 $ — $ 15,266 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 six months ended July 1, 2016 . Foreign Currency Contracts As of July 1, 2016 and December 31, 2015 , the Company had foreign currency contracts with the following notional values: July 1, 2016 December 31, 2015 (In thousands) Foreign currency contracts sold - not designated as hedges $ 87,767 $ 119,653 Foreign currency contracts sold - designated as hedges 187,661 206,366 Foreign currency contracts purchased - not designated as hedges 33,021 41,480 Foreign currency contracts purchased - designated as hedges 67,351 62,794 Total foreign currency derivatives $ 375,800 $ 430,293 The Company recognized the following in its Condensed Consolidated Financial Statements related to its derivative instruments: Three Months Ended Six Months Ended July 1, 2016 June 26, 2015 July 1, 2016 June 26, 2015 (In thousands) Contracts Designated as Hedges: Foreign Currency Contracts - related to customer sales contracts: Unrealized gain $ 2,063 $ 6,267 $ 858 $ 508 Realized (loss) gain (4,741 ) 3,050 (2,372 ) 3,502 Foreign Currency Contracts - related to supplier purchase contracts: Unrealized (loss) gain (894 ) 2,229 (1,241 ) (324 ) Realized gain (loss) 2,678 (3,263 ) 2,711 (1,950 ) Unrealized gain (loss) on net investment hedges (1) 4,868 (18,473 ) (5,705 ) 10,212 Contracts Not Designated in a Hedge Relationship: Foreign Currency Contracts - related to customer sales contracts: Unrealized (loss) gain (1,581 ) 1,746 447 2,272 Realized (loss) (78 ) (535 ) (91 ) (4,261 ) Foreign Currency Contracts - related to supplier purchases contracts: Unrealized gain (loss) 520 531 (516 ) 387 Realized (loss) gain (225 ) (165 ) (261 ) 414 (1) The unrealized gain (loss) on net investment hedges is attributable to the change in valuation of Euro denominated debt.

Commitments and Contingencies (

Commitments and Contingencies (Text Block)	6 Months Ended
	Jul. 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) : Six Months Ended July 1, 2016 June 26, 2015 (Number of claims) Claims unresolved, beginning of period 20,583 21,681 Claims filed (2) 2,908 2,502 Claims resolved (3) (2,283 ) (2,180 ) Claims unresolved, end of period 21,208 22,003 (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: July 1, 2016 December 31, 2015 (In thousands) Current asbestos insurance asset (1) $ 29,678 $ 28,872 Long-term asbestos insurance asset (2) 271,238 284,095 Long-term asbestos insurance receivable (2) 112,428 96,007 Accrued asbestos liability (3) 52,470 48,780 Long-term asbestos liability (4) 335,028 350,394 (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)	6 Months Ended
	Jul. 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 Six Months Ended July 1, 2016 June 26, 2015 July 1, 2016 June 26, 2015 (In thousands) Net sales: Gas and fluid handling $ 483,692 $ 504,875 $ 916,430 $ 927,084 Fabrication technology 473,557 520,500 917,662 1,009,361 $ 957,249 $ 1,025,375 $ 1,834,092 $ 1,936,445 Segment operating income (loss) (1) : Gas and fluid handling $ 45,093 $ 64,206 $ 79,016 $ 100,463 Fabrication technology 54,471 53,874 100,356 111,220 Corporate and other (12,012 ) (12,672 ) (25,686 ) (25,069 ) $ 87,552 $ 105,408 $ 153,686 $ 186,614 (1) The following is a reconciliation of Income before income taxes to segment operating income: Three Months Ended Six Months Ended July 1, 2016 June 26, 2015 July 1, 2016 June 26, 2015 (In thousands) Income before income taxes $ 64,351 $ 82,325 $ 103,697 $ 147,734 Interest expense 8,711 14,249 17,831 26,293 Restructuring and other related charges 14,490 8,834 32,158 12,587 Segment operating income $ 87,552 $ 105,408 $ 153,686 $ 186,614 The detail of the Company’s Net sales by product type is as follows: Three Months Ended Six Months Ended July 1, 2016 June 26, 2015 July 1, 2016 June 26, 2015 (In thousands) Gas handling $ 367,560 $ 365,786 $ 689,162 $ 666,025 Fluid handling 116,132 139,089 227,268 261,059 Welding and cutting 473,557 520,500 917,662 1,009,361 Total Net sales $ 957,249 $ 1,025,375 $ 1,834,092 $ 1,936,445

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
	Jul. 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 Six Months Ended July 1, 2016 June 26, 2015 July 1, 2016 June 26, 2015 (In thousands, except share data) Computation of Net income per share - basic: Net income attributable to Colfax Corporation $ 39,754 $ 53,127 $ 62,369 $ 105,183 Weighted-average shares of Common stock outstanding - basic 122,827,512 124,250,487 122,958,853 124,103,220 Net income per share - basic $ 0.32 $ 0.43 $ 0.51 $ 0.85 Computation of Net income per share - diluted: Net income attributable to Colfax Corporation $ 39,754 $ 53,127 $ 62,369 $ 105,183 Weighted-average shares of Common stock outstanding - basic 122,827,512 124,250,487 122,958,853 124,103,220 Net effect of potentially dilutive securities - stock options and restricted stock units 208,945 1,011,251 184,584 1,078,247 Weighted-average shares of Common stock outstanding - diluted 123,036,457 125,261,738 123,143,437 125,181,467 Net income per share - diluted $ 0.32 $ 0.42 $ 0.51 $ 0.84

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jul. 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 six months ended July 1, 2016 and June 26, 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 income (loss) before reclassifications: Foreign currency translation adjustment 468 (131,583 ) 779 (130,336 ) Loss on long-term intra-entity foreign currency transactions — (25,021 ) — (25,021 ) Loss on net investment hedges — — (5,705 ) (5,705 ) Unrealized gain on cash flow hedges — — 454 454 Other comprehensive income (loss) before reclassifications 468 (156,604 ) (4,472 ) (160,608 ) Amounts reclassified from Accumulated other comprehensive loss 2,708 — — 2,708 Net current period Other comprehensive income (loss) 3,176 (156,604 ) (4,472 ) (157,900 ) Balance at July 1, 2016 $ (190,082 ) $ (685,224 ) $ 30,691 $ (844,615 ) 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 4,530 (76,639 ) (155 ) (72,264 ) Gain on long-term intra-entity foreign currency transactions — 4,620 — 4,620 Gain on net investment hedges — — 10,212 10,212 Unrealized gain on cash flow hedges — — 2,015 2,015 Other 3,817 — — 3,817 Other comprehensive income (loss) before reclassifications 8,347 (72,019 ) 12,072 (51,600 ) Amounts reclassified from Accumulated other comprehensive loss 4,074 — — 4,074 Net current period Other comprehensive income (loss) 12,421 (72,019 ) 12,072 (47,526 ) Balance at June 26, 2015 $ (228,092 ) $ (299,078 ) $ 35,953 $ (491,217 )
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 and six months ended July 1, 2016 and June 26, 2015 is as follows: Three Months Ended July 1, 2016 Six Months Ended July 1, 2016 Amounts Reclassified From Accumulated Other Comprehensive Loss Tax Benefit Total Amounts Reclassified From Accumulated Other Comprehensive Loss Tax Benefit Total (In thousands) Pension and other post-retirement benefit cost: Amortization of net loss (1) $ 2,047 $ (775 ) $ 1,272 $ 4,082 $ (1,450 ) $ 2,632 Amortization of prior service cost (1) 62 (26 ) 36 124 (48 ) 76 $ 2,109 $ (801 ) $ 1,308 $ 4,206 $ (1,498 ) $ 2,708 Three Months Ended June 26, 2015 Six Months Ended June 26, 2015 Amounts Reclassified From Accumulated Other Comprehensive Loss Tax Benefit Total Amounts Reclassified From Accumulated Other Comprehensive Loss Tax Benefit Total (In thousands) Pension and other post-retirement benefit cost: Amortization of net loss (1) $ 3,522 $ (1,733 ) $ 1,789 $ 6,614 $ (2,671 ) $ 3,943 Amortization of prior service cost (1) 69 — 69 131 — 131 $ 3,591 $ (1,733 ) $ 1,858 $ 6,745 $ (2,671 ) $ 4,074 (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)	6 Months Ended
	Jul. 01, 2016
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories, net consisted of the following: July 1, 2016 December 31, 2015 (In thousands) Raw materials $ 154,122 $ 160,640 Work in process 84,952 68,541 Finished goods 256,344 243,209 495,418 472,390 Less: customer progress payments (16,390 ) (15,876 ) Less: allowance for excess, slow-moving and obsolete inventory (46,782 ) (36,128 ) Inventories, net $ 432,246 $ 420,386

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jul. 01, 2016
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Long-term debt consisted of the following: July 1, 2016 December 31, 2015 (In thousands) Term loans $ 695,751 $ 713,175 Trade receivables financing arrangement 83,124 75,800 Revolving credit facilities and other 626,587 628,572 Total Debt 1,405,462 1,417,547 Less: current portion (5,611 ) (5,792 ) Long-term debt $ 1,399,851 $ 1,411,755

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
	Jul. 01, 2016
Schedule of Accrued Liabilities [Table Text Block]	Accrued liabilities in the Condensed Consolidated Balance Sheets consisted of the following: July 1, 2016 December 31, 2015 (In thousands) Accrued payroll $ 108,459 $ 99,383 Advance payment from customers 42,583 45,590 Accrued taxes 47,214 51,834 Accrued asbestos-related liability 52,470 48,780 Warranty liability - current portion 36,172 36,128 Accrued restructuring liability - current portion 14,380 12,918 Accrued third-party commissions 9,333 10,275 Other 92,545 86,751 Accrued liabilities $ 403,156 $ 391,659
Schedule of Product Warranty Liability [Table Text Block]	The activity in the Company’s warranty liability consisted of the following: Six Months Ended July 1, 2016 June 26, 2015 (In thousands) Warranty liability, beginning of period $ 37,407 $ 51,135 Accrued warranty expense 13,750 8,685 Changes in estimates related to pre-existing warranties 2,322 (2,696 ) Cost of warranty service work performed (16,839 ) (12,641 ) Foreign exchange translation effect 705 (2,013 ) Warranty liability, end of period $ 37,345 $ 42,470
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: Six Months Ended July 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 $ 13,326 $ (7,405 ) $ (24 ) $ 9,876 Facility closure costs (2) 2,657 3,489 (6,007 ) 106 245 6,636 16,815 (13,412 ) 82 10,121 Non-cash charges 874 17,689 Fabrication Technology: Termination benefits (1) 6,031 10,396 (13,291 ) (38 ) 3,098 Facility closure costs (2) 426 2,761 (1,884 ) (35 ) 1,268 6,457 13,157 (15,175 ) (73 ) 4,366 Non-cash charges 1,312 14,469 Corporate and Other: Facility closure costs (2) 625 — (138 ) (53 ) 434 625 — (138 ) (53 ) 434 $ 13,718 29,972 $ (28,725 ) $ (44 ) $ 14,921 Non-cash charges 2,186 $ 32,158 (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 July 1, 2016 , $14.4 million and $0.5 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)	6 Months Ended
	Jul. 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 Six Months Ended July 1, 2016 June 26, 2015 July 1, 2016 June 26, 2015 (In thousands) Pension Benefits - U.S. Plans: Service cost $ 48 $ — $ 96 $ — Interest cost 4,353 4,288 8,705 8,581 Expected return on plan assets (6,120 ) (6,019 ) (12,241 ) (12,039 ) Amortization 1,619 1,898 3,234 3,799 Net periodic benefit (income) cost $ (100 ) $ 167 $ (206 ) $ 341 Pension Benefits-Non U.S. Plans: Service cost $ 856 $ 818 $ 1,691 $ 2,025 Interest cost 8,716 9,777 17,160 19,536 Expected return on plan assets (7,979 ) (9,153 ) (16,200 ) (17,809 ) Amortization 426 1,501 844 2,579 Net periodic benefit cost $ 2,019 $ 2,943 $ 3,495 $ 6,331 Other Post-Retirement Benefits: Service cost $ 15 $ 51 $ 31 $ 102 Interest cost 313 313 625 639 Amortization 64 192 128 367 Net periodic benefit cost $ 392 $ 556 $ 784 $ 1,108

Financial Instruments and Fai29

Financial Instruments and Fair Value Measurements (Tables)	6 Months Ended
	Jul. 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: July 1, 2016 Level Level Level Total (In thousands) Assets: Cash equivalents $ 21,322 $ — $ — $ 21,322 Foreign currency contracts related to sales - designated as hedges — 2,033 — 2,033 Foreign currency contracts related to sales - not designated as hedges — 658 — 658 Foreign currency contracts related to purchases - designated as hedges — 4,271 — 4,271 Foreign currency contracts related to purchases - not designated as hedges — 161 — 161 Deferred compensation plans — 4,034 — 4,034 $ 21,322 $ 11,157 $ — $ 32,479 Liabilities: Foreign currency contracts related to sales - designated as hedges $ — $ 9,670 $ — $ 9,670 Foreign currency contracts related to sales - not designated as hedges — 515 — 515 Foreign currency contracts related to purchases - designated as hedges — 580 — 580 Foreign currency contracts related to purchases - not designated as hedges — 467 — 467 Deferred compensation plans — 4,034 — 4,034 $ — $ 15,266 $ — $ 15,266 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 six months ended July 1, 2016 .
Schedule of Foreign Exchange Contracts, Notional Values	As of July 1, 2016 and December 31, 2015 , the Company had foreign currency contracts with the following notional values: July 1, 2016 December 31, 2015 (In thousands) Foreign currency contracts sold - not designated as hedges $ 87,767 $ 119,653 Foreign currency contracts sold - designated as hedges 187,661 206,366 Foreign currency contracts purchased - not designated as hedges 33,021 41,480 Foreign currency contracts purchased - designated as hedges 67,351 62,794 Total foreign currency derivatives $ 375,800 $ 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 Six Months Ended July 1, 2016 June 26, 2015 July 1, 2016 June 26, 2015 (In thousands) Contracts Designated as Hedges: Foreign Currency Contracts - related to customer sales contracts: Unrealized gain $ 2,063 $ 6,267 $ 858 $ 508 Realized (loss) gain (4,741 ) 3,050 (2,372 ) 3,502 Foreign Currency Contracts - related to supplier purchase contracts: Unrealized (loss) gain (894 ) 2,229 (1,241 ) (324 ) Realized gain (loss) 2,678 (3,263 ) 2,711 (1,950 ) Unrealized gain (loss) on net investment hedges (1) 4,868 (18,473 ) (5,705 ) 10,212 Contracts Not Designated in a Hedge Relationship: Foreign Currency Contracts - related to customer sales contracts: Unrealized (loss) gain (1,581 ) 1,746 447 2,272 Realized (loss) (78 ) (535 ) (91 ) (4,261 ) Foreign Currency Contracts - related to supplier purchases contracts: Unrealized gain (loss) 520 531 (516 ) 387 Realized (loss) gain (225 ) (165 ) (261 ) 414 (1) The unrealized gain (loss) on net investment hedges is attributable to the change in valuation of Euro denominated debt.

Commitments and Contingencies30

Commitments and Contingencies (Tables)	6 Months Ended
	Jul. 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) : Six Months Ended July 1, 2016 June 26, 2015 (Number of claims) Claims unresolved, beginning of period 20,583 21,681 Claims filed (2) 2,908 2,502 Claims resolved (3) (2,283 ) (2,180 ) Claims unresolved, end of period 21,208 22,003 (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: July 1, 2016 December 31, 2015 (In thousands) Current asbestos insurance asset (1) $ 29,678 $ 28,872 Long-term asbestos insurance asset (2) 271,238 284,095 Long-term asbestos insurance receivable (2) 112,428 96,007 Accrued asbestos liability (3) 52,470 48,780 Long-term asbestos liability (4) 335,028 350,394 (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)	6 Months Ended
	Jul. 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 Six Months Ended July 1, 2016 June 26, 2015 July 1, 2016 June 26, 2015 (In thousands) Net sales: Gas and fluid handling $ 483,692 $ 504,875 $ 916,430 $ 927,084 Fabrication technology 473,557 520,500 917,662 1,009,361 $ 957,249 $ 1,025,375 $ 1,834,092 $ 1,936,445 Segment operating income (loss) (1) : Gas and fluid handling $ 45,093 $ 64,206 $ 79,016 $ 100,463 Fabrication technology 54,471 53,874 100,356 111,220 Corporate and other (12,012 ) (12,672 ) (25,686 ) (25,069 ) $ 87,552 $ 105,408 $ 153,686 $ 186,614 (1) The following is a reconciliation of Income before income taxes to segment operating income: Three Months Ended Six Months Ended July 1, 2016 June 26, 2015 July 1, 2016 June 26, 2015 (In thousands) Income before income taxes $ 64,351 $ 82,325 $ 103,697 $ 147,734 Interest expense 8,711 14,249 17,831 26,293 Restructuring and other related charges 14,490 8,834 32,158 12,587 Segment operating income $ 87,552 $ 105,408 $ 153,686 $ 186,614
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 Six Months Ended July 1, 2016 June 26, 2015 July 1, 2016 June 26, 2015 (In thousands) Gas handling $ 367,560 $ 365,786 $ 689,162 $ 666,025 Fluid handling 116,132 139,089 227,268 261,059 Welding and cutting 473,557 520,500 917,662 1,009,361 Total Net sales $ 957,249 $ 1,025,375 $ 1,834,092 $ 1,936,445

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Sep. 25, 2015	Jul. 01, 2016
Goodwill, Purchase Accounting Adjustments			$ 1.3
Roots Blowers and Compressors [Member]
Business Acquisition, Effective Date of Acquisition		Jun. 30, 2015
Simsmart Technologies [Member]
Business Acquisition, Effective Date of Acquisition	Oct. 5, 2015

Net Income Per Share (Details)

Net Income Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2016	Jun. 26, 2015	Jul. 01, 2016	Jun. 26, 2015
Earnings Per Share [Abstract]
Net income attributable to Colfax Corporation	$ 39,754	$ 53,127	$ 62,369	$ 105,183
Weighted-average shares of Common stock outstanding - basic	122,827,512	124,250,487	122,958,853	124,103,220
Net income per share - basic	$ 0.32	$ 0.43	$ 0.51	$ 0.85
Net effect of potentially dilutive securities - stock options and restricted stock units	208,945	1,011,251	184,584	1,078,247
Weighted-average shares of Common stock outstanding - diluted	123,036,457	125,261,738	123,143,437	125,181,467
Net income per share - diluted	$ 0.32	$ 0.42	$ 0.51	$ 0.84

Net Income Per Share (Details T

Net Income Per Share (Details Textual) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2016	Jun. 26, 2015	Jul. 01, 2016	Jun. 26, 2015
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	5.2	2.2	5.1	2.1

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2016	Jun. 26, 2015	Jul. 01, 2016	Jun. 26, 2015
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions				$ 13,000
Income before income taxes	$ 64,351	$ 82,325	$ 103,697	147,734
Provision for income taxes	$ 20,388	$ 23,496	$ 33,524	$ 32,630
Effective Income Tax Rate, Continuing Operations	31.70%	28.50%	32.30%	22.10%

Equity (Details - AOCI Componen

Equity (Details - AOCI Components) - USD ($) $ in Thousands	6 Months Ended
	Jul. 01, 2016	Jun. 26, 2015
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance	$ (686,715)	$ (443,691)
Foreign currency translation adjustment	(130,336)	(72,264)
(Loss) gain on long-term intra-entity foreign currency transactions	(25,021)	4,620
(Loss) gain on net investment hedges	(5,705)	10,212
Unrealized gain on cash flow hedges	454	2,015
Other		3,817
Other comprehensive (loss) income before reclassifications	(160,608)	(51,600)
Amounts reclassified from Accumulated other comprehensive loss	2,708	4,074
Net current period other comprehensive (loss) income	(157,900)	(47,526)
Ending balance	(844,615)	(491,217)
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	468	4,530
(Loss) gain on long-term intra-entity foreign currency transactions	0	0
(Loss) gain on net investment hedges	0	0
Unrealized gain on cash flow hedges	0	0
Other		3,817
Other comprehensive (loss) income before reclassifications	468	8,347
Amounts reclassified from Accumulated other comprehensive loss	2,708	4,074
Net current period other comprehensive (loss) income	3,176	12,421
Ending balance	(190,082)	(228,092)
Foreign Currency Translation Adjustment [Member]
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance	(528,620)	(227,059)
Foreign currency translation adjustment	(131,583)	(76,639)
(Loss) gain on long-term intra-entity foreign currency transactions	(25,021)	4,620
(Loss) gain on net investment hedges	0	0
Unrealized gain on cash flow hedges	0	0
Other		0
Other comprehensive (loss) income before reclassifications	(156,604)	(72,019)
Amounts reclassified from Accumulated other comprehensive loss	0	0
Net current period other comprehensive (loss) income	(156,604)	(72,019)
Ending balance	(685,224)	(299,078)
Unrealized Gain On Hedging Activities [Member]
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance	35,163	23,881
Foreign currency translation adjustment	779	(155)
(Loss) gain on long-term intra-entity foreign currency transactions	0	0
(Loss) gain on net investment hedges	(5,705)	10,212
Unrealized gain on cash flow hedges	454	2,015
Other		0
Other comprehensive (loss) income before reclassifications	(4,472)	12,072
Amounts reclassified from Accumulated other comprehensive loss	0	0
Net current period other comprehensive (loss) income	(4,472)	12,072
Ending balance	$ 30,691	$ 35,953

Equity (Details - Amounts Recla

Equity (Details - Amounts Reclassified from Accumulated Other Comprehensive Loss) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 01, 2016	Jun. 26, 2015	Jul. 01, 2016	Jun. 26, 2015
Equity [Abstract]
Amortization of net loss, before tax	[1]	$ 2,047	$ 3,522	$ 4,082	$ 6,614
Amortization of net loss, tax	[1]	(775)	(1,733)	(1,450)	(2,671)
Amortization of net loss, net of tax	[1]	1,272	1,789	2,632	3,943
Amortization of prior service cost, before tax	[1]	62	69	124	131
Amortization of prior service cost, tax	[1]	(26)	0	(48)	0
Amortization of prior service cost, net of tax	[1]	36	69	76	131
Net pension and other post-retirement benefit cost reclassified, before tax	[1]	2,109	3,591	4,206	6,745
Net pension and other post-retirement benefit cost, tax	[1]	(801)	(1,733)	(1,498)	(2,671)
Net pension and other post-retirement benefit cost reclassified, net of tax of $697 and $938	[1]	$ 1,308	$ 1,858	$ 2,708	$ 4,074
[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	6 Months Ended
	Jul. 01, 2016	Jun. 26, 2015	May 13, 2016	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 Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	$ 1,200	$ (4,600)
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized			10,500,000

Inventories, Net (Details)

Inventories, Net (Details) - USD ($) $ in Thousands	Jul. 01, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Raw materials	$ 154,122	$ 160,640
Work in process	84,952	68,541
Finished goods	256,344	243,209
Inventory, gross	495,418	472,390
Less: customer progress payments	(16,390)	(15,876)
Less: allowance for excess, slow-moving and obsolete inventory	(46,782)	(36,128)
Inventories, net	$ 432,246	$ 420,386

Debt Components (Details)

Debt Components (Details) - USD ($) $ in Thousands	Jul. 01, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total Debt	$ 1,405,462	$ 1,417,547
Less: current portion	(5,611)	(5,792)
Long-term debt	1,399,851	1,411,755
Term loans [Member]
Debt Instrument [Line Items]
Total Debt	695,751	713,175
Trade receivables financing arrangement [Member]
Debt Instrument [Line Items]
Total Debt	83,124	75,800
Revolving credit facilities and other [Member]
Debt Instrument [Line Items]
Total Debt	$ 626,587	$ 628,572

Debt (Details Textual)

Debt (Details Textual) $ in Millions	6 Months Ended
	Jul. 01, 2016USD ($)
Debt discount	$ 6.4
Deferred Finance Costs, Net	$ 7.1
Long-term Debt, Weighted Average Interest Rate	1.87%
Line of Credit Facility, Remaining Borrowing Capacity	$ 771.8
Letter of Credit Subfacility, Maximum Borrowing Capacity	743.3
Letters of Credit, Amount Outstanding	$ 348.2
Debt Instrument, Covenant Compliance	As of July 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	1.29%
Trade receivables financing arrangement, maximum borrowing capacity	$ 95
Trade receivables financing arrangement, outstanding borrowings	$ 83.1

Accrued Liabilities Chart (Deta

Accrued Liabilities Chart (Details) - USD ($) $ in Thousands		Jul. 01, 2016	Dec. 31, 2015
Accrued Liabilities [Abstract]
Accrued payroll		$ 108,459	$ 99,383
Advance payments from customers		42,583	45,590
Accrued taxes		47,214	51,834
Accrued asbestos-related liability	[1]	52,470	48,780
Warranty liability - current portion		36,172	36,128
Accrued restructuring liability - current portion		14,380	12,918
Accrued third-party commissions		9,333	10,275
Other		92,545	86,751
Accrued liabilities		$ 403,156	$ 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	6 Months Ended
	Jul. 01, 2016	Jun. 26, 2015
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty liability, beginning of period	$ 37,407	$ 51,135
Accrued warranty expense	13,750	8,685
Changes in estimates related to pre-existing warranties	2,322	(2,696)
Cost of warranty service work performed	(16,839)	(12,641)
Foreign exchange translation effect	705	(2,013)
Warranty liability, end of period	$ 37,345	$ 42,470

Restructuring Rollforward (Deta

Restructuring Rollforward (Details) $ in Thousands	6 Months Ended
	Jul. 01, 2016USD ($)
Balance at Beginning of Period	$ 13,718
Provisions	32,158
Payments	(28,725)
Foreign Currency Translation	(44)
Balance at End of Period	14,921	[1]
Restructuring provisions before non-cash charges	29,972
Non-cash charges in restructuring provisions	2,186
Gas and Fluid Handling [Member]
Balance at Beginning of Period	6,636
Provisions	17,689
Payments	(13,412)
Foreign Currency Translation	82
Balance at End of Period	10,121
Restructuring provisions before non-cash charges	16,815
Non-cash charges in restructuring provisions	874
Fabrication Technology [Member]
Balance at Beginning of Period	6,457
Provisions	14,469
Payments	(15,175)
Foreign Currency Translation	(73)
Balance at End of Period	4,366
Restructuring provisions before non-cash charges	13,157
Non-cash charges in restructuring provisions	1,312
Corporate and Other [Member]
Balance at Beginning of Period	625
Provisions	0
Payments	(138)
Foreign Currency Translation	(53)
Balance at End of Period	434
Termination benefits [Member] | Gas and Fluid Handling [Member]
Balance at Beginning of Period	3,979	[2]
Provisions	13,326	[2]
Payments	(7,405)	[2]
Foreign Currency Translation	(24)	[2]
Balance at End of Period	9,876	[2]
Termination benefits [Member] | Fabrication Technology [Member]
Balance at Beginning of Period	6,031	[2]
Provisions	10,396	[2]
Payments	(13,291)	[2]
Foreign Currency Translation	(38)	[2]
Balance at End of Period	3,098	[2]
Facility closure costs [Member] | Gas and Fluid Handling [Member]
Balance at Beginning of Period	2,657	[3]
Provisions	3,489	[3]
Payments	(6,007)	[3]
Foreign Currency Translation	106	[3]
Balance at End of Period	245	[3]
Facility closure costs [Member] | Fabrication Technology [Member]
Balance at Beginning of Period	426	[3]
Provisions	2,761	[3]
Payments	(1,884)	[3]
Foreign Currency Translation	(35)	[3]
Balance at End of Period	1,268	[3]
Facility closure costs [Member] | Corporate and Other [Member]
Balance at Beginning of Period	625	[3]
Provisions	0	[3]
Payments	(138)	[3]
Foreign Currency Translation	(53)	[3]
Balance at End of Period	$ 434	[3]
[1]	As of July 1, 2016, $14.4 million and $0.5 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	Jul. 01, 2016	Dec. 31, 2015
Restructuring Reserve, Current	$ 14,380	$ 12,918
Restructuring Reserve, Noncurrent	500
Expected Remaining Restructuring and Related Charges For Year	$ 48,000

Net Periodic Benefit Cost-Def46

Net Periodic Benefit Cost-Defined Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2016	Jun. 26, 2015	Jul. 01, 2016	Jun. 26, 2015
Pension Benefits-U.S. Plans: [Member]
Service cost	$ 48	$ 0	$ 96	$ 0
Interest cost	4,353	4,288	8,705	8,581
Expected return on plan assets	(6,120)	(6,019)	(12,241)	(12,039)
Amortization	1,619	1,898	3,234	3,799
Net periodic benefit (income) cost	(100)	167	(206)	341
Pension Benefits-Non U.S. Plans: [Member]
Service cost	856	818	1,691	2,025
Interest cost	8,716	9,777	17,160	19,536
Expected return on plan assets	(7,979)	(9,153)	(16,200)	(17,809)
Amortization	426	1,501	844	2,579
Net periodic benefit (income) cost	2,019	2,943	3,495	6,331
Other Post-Retirement Benefits: [Member]
Service cost	15	51	31	102
Interest cost	313	313	625	639
Amortization	64	192	128	367
Net periodic benefit (income) cost	$ 392	$ 556	$ 784	$ 1,108

Fair Value Hierarchy (Details)

Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Jul. 01, 2016	Dec. 31, 2015
Cash equivalents	$ 21,322	$ 22,516
Deferred compensation plans	4,034	4,000
Deferred compensation plans liability	4,034	4,000
Assets, Fair Value Disclosure	32,479	30,060
Liabilities, Fair Value Disclosure	15,266	11,787
Fair Value, Inputs, Level 1 [Member]
Cash equivalents	21,322	22,516
Assets, Fair Value Disclosure	21,322	22,516
Fair Value, Inputs, Level 2 [Member]
Deferred compensation plans	4,034	4,000
Deferred compensation plans liability	4,034	4,000
Assets, Fair Value Disclosure	11,157	7,544
Liabilities, Fair Value Disclosure	15,266	11,787
Foreign currency contracts related to customer sales contracts
Foreign currency contracts designated as hedges, Assets	2,033	988
Foreign currency contracts not designated as hedges, Assets	658	664
Foreign currency contracts designated as hedges, Liabilities	9,670	6,368
Foreign currency contracts not designated as hedges, Liability	515	969
Foreign currency contracts related to customer sales contracts | Fair Value, Inputs, Level 2 [Member]
Foreign currency contracts designated as hedges, Assets	2,033	988
Foreign currency contracts not designated as hedges, Assets	658	664
Foreign currency contracts designated as hedges, Liabilities	9,670	6,368
Foreign currency contracts not designated as hedges, Liability	515	969
Foreign currency contracts related to supplier purchase contracts
Foreign currency contracts designated as hedges, Assets	4,271	1,554
Foreign currency contracts not designated as hedges, Assets	161	338
Foreign currency contracts designated as hedges, Liabilities	580	322
Foreign currency contracts not designated as hedges, Liability	467	128
Foreign currency contracts related to supplier purchase contracts | Fair Value, Inputs, Level 2 [Member]
Foreign currency contracts designated as hedges, Assets	4,271	1,554
Foreign currency contracts not designated as hedges, Assets	161	338
Foreign currency contracts designated as hedges, Liabilities	580	322
Foreign currency contracts not designated as hedges, Liability	$ 467	$ 128

Foreign Currency Contracts Noti

Foreign Currency Contracts Notional Values (Details) - USD ($) $ in Thousands	Jul. 01, 2016	Dec. 31, 2015
Derivative, Notional Amount	$ 375,800	$ 430,293
Foreign currency contracts related to customer sales contracts | Not Designated As Hedging Instrument [Member]
Derivative, Notional Amount	87,767	119,653
Foreign currency contracts related to customer sales contracts | Designated As Hedging Instrument [Member]
Derivative, Notional Amount	187,661	206,366
Foreign currency contracts related to supplier purchase contracts | Not Designated As Hedging Instrument [Member]
Derivative, Notional Amount	33,021	41,480
Foreign currency contracts related to supplier purchase contracts | Designated As Hedging Instrument [Member]
Derivative, Notional Amount	$ 67,351	$ 62,794

Gain (Loss) On Derivative Instr

Gain (Loss) On Derivative Instruments (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 01, 2016	Jun. 26, 2015	Jul. 01, 2016	Jun. 26, 2015
Unrealized Gain (Loss) on Net Investment Hedges				$ (5,705)	$ 10,212
Designated As Hedging Instrument [Member]
Unrealized Gain (Loss) on Net Investment Hedges	[1]	$ 4,868	$ (18,473)	(5,705)	10,212
Designated As Hedging Instrument [Member] | Foreign currency contracts related to customer sales contracts
Unrealized Gain (Loss) on Foreign Currency Contracts		2,063	6,267	858	508
Realized (Loss) Gain on Foreign Currency Contracts		(4,741)	3,050	(2,372)	3,502
Designated As Hedging Instrument [Member] | Foreign currency contracts related to supplier purchase contracts
Unrealized Gain (Loss) on Foreign Currency Contracts		(894)	2,229	(1,241)	(324)
Realized (Loss) Gain on Foreign Currency Contracts		2,678	(3,263)	2,711	(1,950)
Not Designated As Hedging Instrument [Member] | Foreign currency contracts related to customer sales contracts
Unrealized Gain (Loss) on Foreign Currency Contracts		(1,581)	1,746	447	2,272
Realized (Loss) Gain on Foreign Currency Contracts		(78)	(535)	(91)	(4,261)
Not Designated As Hedging Instrument [Member] | Foreign currency contracts related to supplier purchase contracts
Unrealized Gain (Loss) on Foreign Currency Contracts		520	531	(516)	387
Realized (Loss) Gain on Foreign Currency Contracts		$ (225)	$ (165)	$ (261)	$ 414
[1]	The unrealized gain (loss) 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	Jul. 01, 2016	Dec. 31, 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		6 Months Ended
		Jul. 01, 2016	Jun. 26, 2015
Claims unresolved, beginning of period	[1]	20,583	21,681
Claims filed(2)	[1],[2]	2,908	2,502
Claims resolved(3)	[1],[3]	(2,283)	(2,180)
Claims unresolved, end of period	[1]	21,208	22,003
[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		Jul. 01, 2016	Dec. 31, 2015
Current asbestos insurance asset(1)	[1]	$ 29,678	$ 28,872
Long-term asbestos insurance asset(2)	[2]	271,238	284,095
Long-term asbestos insurance receivable(2)	[2]	112,428	96,007
Accrued asbestos liability(3)	[3]	52,470	48,780
Long-term asbestos liability(4)	[4]	$ 335,028	$ 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)	6 Months Ended
	Jul. 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		6 Months Ended
		Jul. 01, 2016	Jun. 26, 2015	Jul. 01, 2016	Jun. 26, 2015
Net sales		$ 957,249	$ 1,025,375	$ 1,834,092	$ 1,936,445
Income before income taxes		64,351	82,325	103,697	147,734
Interest expense		8,711	14,249	17,831	26,293
Restructuring and other related charges		14,490	8,834	32,158	12,587
Segment Operating Income (Loss)	[1]	87,552	105,408	153,686	186,614
Gas Handling [Member]
Net sales		367,560	365,786	689,162	666,025
Fluid Handling [Member]
Net sales		116,132	139,089	227,268	261,059
Welding and Cutting [Member]
Net sales		473,557	520,500	917,662	1,009,361
Gas and Fluid Handling [Member]
Net sales		483,692	504,875	916,430	927,084
Segment Operating Income (Loss)	[1]	45,093	64,206	79,016	100,463
Fabrication Technology [Member]
Net sales		473,557	520,500	917,662	1,009,361
Segment Operating Income (Loss)	[1]	54,471	53,874	100,356	111,220
Corporate and Other [Member]
Segment Operating Income (Loss)	[1]	$ (12,012)	$ (12,672)	$ (25,686)	$ (25,069)
[1]	The following is a reconciliation of Income before income taxes to segment operating income: