Enovis (ENOV) 10-Q 5 May 17 2017 Q1 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION	3 Months Ended
	Mar. 31, 2017shares
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	122,991,778
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,017

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Apr. 01, 2016
Income Statement [Abstract]
Net sales	$ 844,926	$ 876,843
Cost of sales	565,559	596,322
Gross profit	279,367	280,521
Selling, general and administrative expense	206,046	214,387
Restructuring and other related charges	7,100	17,668
Operating income	66,221	48,466
Interest expense	9,095	9,120
Income before income taxes	57,126	39,346
Provision for income taxes	15,639	13,136
Net income	41,487	26,210
Less: income attributable to noncontrolling interest, net of taxes	2,945	3,595
Net income attributable to Colfax Corporation	$ 38,542	$ 22,615
Net income per share - basic and diluted	$ 0.31	$ 0.18

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Apr. 01, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 41,487	$ 26,210
Other comprehensive income (loss):
Foreign currency translation, net of tax of $(2,095) and $246	60,000	(20,042)
Unrealized loss on hedging activities, net of tax of $236 and $(2,880)	(937)	(9,553)
Amounts reclassified from Accumulated other comprehensive loss:
Amortization of pension and other post-retirement net actuarial loss, net of tax of $760 and $675	1,674	1,360
Amortization of pension and other post-retirement prior service cost, net of tax of $24 and $22	38	40
Other comprehensive income (loss)	60,775	(28,195)
Comprehensive income (loss)	102,262	(1,985)
Less: comprehensive income attributable to noncontrolling interest	6,777	7,027
Comprehensive income (loss) attributable to Colfax Corporation	$ 95,485	$ (9,012)

CONDENSED CONSOLIDATED STATEME4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) [Parenthetical] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Apr. 01, 2016
Statement of Comprehensive Income [Abstract]
Foreign currency translation, tax	$ (2,095)	$ 246
Unrealized loss on hedging activities, tax	236	(2,880)
Amortization of pension and other post-retirement net actuarial loss, tax	760	675
Amortization of pension and other post-retirement prior service cost, tax	$ 24	$ 22

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 207,840	$ 221,730
Trade receivables, less allowance for doubtful accounts of $42,309 and $41,511	901,327	913,614
Inventories, net	427,327	403,857
Other current assets	244,083	246,396
Total current assets	1,780,577	1,785,597
Property, plant and equipment, net	575,428	570,852
Goodwill	2,587,961	2,563,326
Intangible assets, net	930,090	932,702
Other assets	555,689	532,982
Total assets	6,429,745	6,385,459
LIABILITIES AND EQUITY
Current portion of long-term debt	5,865	5,406
Accounts payable	607,827	605,895
Customer advances and billing in excess of costs incurred	148,531	151,015
Accrued liabilities	319,631	344,358
Total current liabilities	1,081,854	1,106,674
Long-term debt, less current portion	1,244,902	1,286,738
Other liabilities	891,557	898,703
Total liabilities	3,218,313	3,292,115
Equity:
Common stock, $0.001 par value; 400,000,000 shares authorized; 122,991,778 and 122,780,261 issued and outstanding	123	123
Additional paid-in capital	3,207,724	3,199,682
Retained earnings	733,942	685,411
Accumulated other comprehensive loss	(931,402)	(988,345)
Total Colfax Corporation equity	3,010,387	2,896,871
Noncontrolling interest	201,045	196,473
Total equity	3,211,432	3,093,344
Total liabilities and equity	$ 6,429,745	$ 6,385,459

CONDENSED CONSOLIDATED BALANCE6

CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Condensed Consolidated Balance Sheet (Parenthetical) [Abstract]
Trade receivables, allowance for doubtful accounts	$ 42,309	$ 41,511
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	122,991,778	122,780,261
Common Stock, Shares, Outstanding	122,991,778	122,780,261

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENT OF EQUITY - 3 months ended Mar. 31, 2017 - 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 December 31, 2016 at Dec. 31, 2016	$ 3,093,344	$ 123	$ 3,199,682	$ 685,411	$ (988,345)	$ 196,473
Shares, Outstanding at Dec. 31, 2016 at Dec. 31, 2016		122,780,261
Cumulative effect of accounting change	9,989			9,989
Net income attributable to Colfax Corporation	38,542			38,542
Net income attributable to noncontrolling interest	2,945					2,945
Net income	41,487
Distributions to noncontrolling owners	(2,205)					(2,205)
Other comprehensive income, net of tax of $(1.1) million	60,775				56,943	3,832
Common stock-based award activity	8,042	$ 0	8,042
Common stock-based award activity (in shares)		211,517
Balance at March 31, 2017 at Mar. 31, 2017	$ 3,211,432	$ 123	$ 3,207,724	$ 733,942	$ (931,402)	$ 201,045
Shares, Outstanding at Mar. 31, 2017 at Mar. 31, 2017		122,991,778

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENT OF EQUITY Statement of Stockholders' Equity [Parenthetical] $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Statement of Stockholders' Equity [Parenthetical] [Abstract]
Other comprehensive loss, tax	$ (1.1)

CONDENSED CONSOLIDATED STATEME9

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Apr. 01, 2016
Statement of Cash Flows [Abstract]
Net income	$ 41,487	$ 26,210
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and impairment charges	31,972	37,717
Stock-based compensation expense	5,799	5,110
Non-cash interest expense	1,003	1,066
Deferred income tax benefit	(1,833)	(143)
Changes in operating assets and liabilities:
Trade receivables, net	(1,428)	23,759
Inventories, net	(17,961)	(24,244)
Accounts payable	(5,882)	(37,112)
Customer advances and billings in excess of costs incurred	(4,192)	(1,078)
Changes in other operating assets and liabilities	(8,560)	(15,769)
Net cash provided by operating activities	40,405	15,516
Cash flows from investing activities:
Purchases of fixed assets, net	(11,709)	(15,389)
Net cash used in investing activities	(11,709)	(15,389)
Cash flows from financing activities:
Payments under term credit facility	(9,375)	(9,375)
Proceeds from borrowings on revolving credit facilities and other	219,489	313,796
Repayments of borrowings on revolving credit facilities and other	(257,153)	(290,452)
Proceeds from issuance of common stock, net	2,244	330
Repurchases of common stock	0	(20,812)
Other	(2,490)	1,226
Net cash used in financing activities	(47,285)	(5,287)
Effect of foreign exchange rates on Cash and cash equivalents	4,699	3,733
Decrease in Cash and cash equivalents	(13,890)	(1,427)
Cash and cash equivalents, beginning of period	221,730	197,469
Cash and cash equivalents, end of period	$ 207,840	$ 196,042

General (Text Block)

General (Text Block)	3 Months Ended
	Mar. 31, 2017
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 through the Howden, ESAB and Colfax Fluid Handling businesses. 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, 2016 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, 2016 (the “ 2016 Form 10-K”), filed with the SEC on February 14, 2017 . 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. Certain prior period amounts have been reclassified to conform to current year presentations. 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 March 31, 2017 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, 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
	Mar. 31, 2017
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)”. The ASU outlines a single set of comprehensive principles for recognizing revenue under U.S. GAAP and supersedes existing revenue recognition guidance. The main principle of the ASU is that revenue should be recognized 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. The Company expects to apply the ASU and its related updates on a full retrospective basis as of January 1, 2018. Based on the analysis performed to date on the Company’s different revenue streams, the Company expects the adoption of the ASU will primarily impact the timing of revenue recognition for air and gas handling customer orders for which percentage of completion accounting applies. As of March 31, 2017 , there have been no indications the adoption of the ASU will have a material impact on its Consolidated Financial Statements. In addition, the Company is in the process of evaluating the qualitative and quantitative disclosure guidance of the new ASU for possible enhancements to the Company’s financial statements that will enable users to better understand the nature, amount, timing, and uncertainty of revenues and cashflows arising from contracts with customers. In July 2015, the FASB issued ASU No. 2015-11, “Inventory (Topic 330) - Simplifying the Measurement of Inventory”. The ASU 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. The Company adopted the ASU in the three months ended March 31, 2017 on a prospective basis. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”. The ASU requires, among other things, 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 ASU also requires certain qualitative and quantitative disclosures designed to assess the amount, timing and uncertainty of cash flows arising from leases, along with additional key information about leasing arrangements. The guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The new guidance must be adopted using a modified retrospective transition and provides for certain practical expedients. The Company is in the process of analyzing initial data gathered to evaluate the impact of adopting the ASU on its Consolidated Financial Statements and its use of practical expedients. The Company does not expect to early adopt this ASU. In March 2016, the FASB issued ASU No. 2016-09, “Compensation - Stock Compensation (Topic 718)”. The ASU, among other things, aims to simplify shared-based payment accounting by recording all excess tax benefits and tax deficiencies as income tax expense or benefit in the income statement and eliminates the requirement that excess tax benefits be realized before they can be recognized. The effect for excess tax benefits not previously recognized is recorded as a cumulative adjustment to retained earnings pursuant to a modified retrospective adoption method. Excess tax benefits and deficiencies are accounted for as discrete items in the period the stock awards vest or otherwise are settled. Further, the guidance requires that excess tax benefits be presented as an operating activity on the statement of cash flows consistent with other income tax cash flows. The Company’s adoption of the ASU as of January 1, 2017 resulted in a cumulative catch-up adjustment that increased retained earnings by $10.0 million with a corresponding increase to U.S. deferred tax assets related to prior years’ unrecognized excess tax benefits. The Company has also elected to continue its entity-wide accounting policy to estimate the amount of awards that are expected to vest. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. The ASU is effective for fiscal periods beginning after December 15, 2019 and early adoption is permitted. The ASU 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 forward-looking information. The Company is currently evaluating the impact of adopting the ASU on its Consolidated Financial Statements. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 203)”. The ASU addresses eight specific cash flow issues and clarifies their presentation and classification in the Statement of Cash Flows. The ASU is effective for fiscal years beginning after December 15, 2017 and is to be applied retrospectively with early adoption permitted. The Company is currently evaluating the impact of adopting the ASU on its Consolidated Financial Statements. In December 2016, the FASB issued ASU No. 2016-19, “Technical Corrections and Improvements”. Among other things, the ASU provides clarification on the presentation of the costs of computer software developed or obtained for internal use. The Company retrospectively adopted the ASU in the three months ended March 31, 2017 and reclassified the carrying value of internal-use computer software from Property, plant and equipment, net to Intangible assets, net. The carrying value of internal-use computer software was $31.1 million and $33.0 million , respectively, as of March 31, 2017 and December 31, 2016 . In January 2017, the FASB issued ASU No. 2017-04, “Intangibles-Goodwill and Other (Topic 350)”. The ASU modifies the measurement of a goodwill impairment loss from the portion of the carrying amount of goodwill that exceeds its implied fair value to the excess of the carrying amount of a reporting unit that exceeds its fair value. This eliminates step 2 of the goodwill impairment test under current guidance. The ASU will be applied prospectively for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed after January 1, 2017. The Company is currently evaluating the timing of adoption.

Acquisition Acquisition (Notes)

Acquisition Acquisition (Notes)	3 Months Ended
	Mar. 31, 2017
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Acquisition On March 8, 2017, the Company entered into a binding agreement to acquire Siemens Turbomachinery Equipment GmbH (STE) from Siemens AG for a cash consideration of approximately €195 million . The acquisition will be integrated into the gas and fluid handling reporting segment, broadening the segment’s range of compression solutions and expanding its product offering into smaller steam turbines. Closing of the acquisition is expected to be completed during the three months ended December 31, 2017 .

Net Income Per Share (Text Bloc

Net Income Per Share (Text Block)	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Net Income Per Share Net income per share was computed as follows: Three Months Ended March 31, 2017 April 1, 2016 (In thousands, except share data) Net income attributable to Colfax Corporation $ 38,542 $ 22,615 Weighted-average shares of Common stock outstanding - basic 123,084,878 123,082,661 Net effect of potentially dilutive securities - stock options and restricted stock units 710,505 160,223 Weighted-average shares of Common stock outstanding - diluted 123,795,383 123,242,884 Net income per share - basic and diluted $ 0.31 $ 0.18 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 March 31, 2017 and April 1, 2016 excludes approximately 2.7 million and 5.0 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
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes During the three months ended March 31, 2017 , Income before income taxes was $57.1 million , while the Provision for income taxes was $15.6 million , and the effective tax rate was 27.4% . The effective tax rates differ from the U.S. federal statutory rate primarily due to international taxes, 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 2017 . The provision for income taxes for the three months ended March 31, 2017 also includes a $0.9 million discrete tax benefit primarily associated with a South American jurisdiction. During the three months ended April 1, 2016 , Income before income taxes was $39.3 million , while the Provision for income taxes was $13.1 million , and the effective tax rate was 33.4% . The effective tax rate differs from the U.S. federal statutory rate primarily due to international tax rates, which are lower than the U.S. tax rate, offset mostly by losses in certain jurisdictions where a tax benefit was not expected to be recognized in 2016 .

Equity (Text Block)

Equity (Text Block)	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Shareholders' Equity and Share-based Payments [Text Block]	Equity 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 March 31, 2017 and April 1, 2016 . 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, 2017 $ (181,189 ) $ (860,789 ) $ 53,633 $ (988,345 ) Other comprehensive (loss) income before reclassifications: Foreign currency translation adjustment (678 ) 67,134 68 66,524 Loss on long-term intra-entity foreign currency transactions — (10,259 ) — (10,259 ) Loss on net investment hedges — — (3,475 ) (3,475 ) Unrealized gain on cash flow hedges — — 2,427 2,427 Other comprehensive (loss) income before reclassifications (678 ) 56,875 (980 ) 55,217 Amounts reclassified from Accumulated other comprehensive loss (1) 1,726 — — 1,726 Net current period Other comprehensive income (loss) 1,048 56,875 (980 ) 56,943 Balance at March 31, 2017 $ (180,141 ) $ (803,914 ) $ 52,653 $ (931,402 ) 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) 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 ) (1) Included in the computation of net periodic benefit cost. See Note 10, “Net Periodic Benefit Cost - Defined Benefit Plans” for additional details. During the three months ended March 31, 2017 and April 1, 2016 , Noncontrolling interest increased by $3.8 million and $3.4 million , respectively, as a result of Other comprehensive income, primarily due to foreign currency translation adjustments.

Inventories, Net (Text Block)

Inventories, Net (Text Block)	3 Months Ended
	Mar. 31, 2017
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Inventories, Net Inventories, net consisted of the following: March 31, 2017 December 31, 2016 (In thousands) Raw materials $ 154,518 $ 148,513 Work in process 74,636 75,331 Finished goods 254,620 237,507 483,774 461,351 Less: customer progress payments (15,076 ) (14,624 ) Less: allowance for excess, slow-moving and obsolete inventory (41,371 ) (42,870 ) Inventories, net $ 427,327 $ 403,857

Debt (Text Block)

Debt (Text Block)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Debt Long-term debt consisted of the following: March 31, 2017 December 31, 2016 (In thousands) Term loans $ 669,531 $ 678,286 Trade receivables financing arrangement 62,193 63,399 Revolving credit facilities and other 519,043 550,459 Total Debt 1,250,767 1,292,144 Less: current portion (5,865 ) (5,406 ) Long-term debt $ 1,244,902 $ 1,286,738 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 “DB Credit Agreement”). The Company had an original issue discount of $5.1 million and deferred financing fees of $5.3 million included in its Condensed Consolidated Balance Sheet as of March 31, 2017 , which will be accreted to Interest expense, primarily using the effective interest method, over the life of the DB Credit Agreement. As of March 31, 2017 , the weighted-average interest rate of borrowings under the DB Credit Agreement was 2.27% , excluding accretion of original issue discount and deferred financing fees, and there was $851.3 million available on the revolving credit facility. In addition to the DB Credit Agreement, the Company is party to various bilateral credit facilities with a borrowing capacity of $204.4 million . As of March 31, 2017 , outstanding borrowings under these facilities total $57.1 million , with a weighted average borrowing rate of 0.97% . See Note 14, “Subsequent Event” for information regarding the issuance of senior unsecured notes on April 19, 2017. The Company is also party to letter of credit facilities with total capacity of $764.8 million . Total letters of credit of $372.4 million were outstanding as of March 31, 2017 . 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, which is $80 million as of March 31, 2017 . As of March 31, 2017 , the total outstanding borrowings under the receivables financing facility were $62.2 million and the interest rate was 1.80% . The scheduled termination date for the receivables financing facility is December 19, 2017 and may be extended from time to time. As of March 31, 2017, the Company is in compliance with the covenants under the DB Credit Agreement.

Accrued Liabilities (Text Block

Accrued Liabilities (Text Block)	3 Months Ended
	Mar. 31, 2017
Accrued Liabilities [Abstract]
Accrued Liabilities Disclosure [Text Block]	Accrued Liabilities Accrued liabilities in the Condensed Consolidated Balance Sheets consisted of the following: March 31, 2017 December 31, 2016 (In thousands) Accrued payroll $ 95,244 $ 102,960 Accrued taxes 29,195 38,367 Accrued asbestos-related liability 53,680 51,166 Warranty liability - current portion 31,443 30,710 Accrued restructuring liability - current portion 8,711 13,184 Accrued third-party commissions 9,770 8,697 Other 91,588 99,274 Accrued liabilities $ 319,631 $ 344,358 Warranty Liability The activity in the Company’s warranty liability consisted of the following: Three Months Ended March 31, 2017 April 1, 2016 (In thousands) Warranty liability, beginning of period $ 31,721 $ 37,407 Accrued warranty expense 5,903 6,514 Changes in estimates related to pre-existing warranties (6 ) 1,715 Cost of warranty service work performed (6,315 ) (7,642 ) Foreign exchange translation effect 436 881 Warranty liability, end of period $ 31,739 $ 38,875 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 March 31, 2017 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) $ 6,776 $ 3,246 $ (4,819 ) $ 99 $ 5,302 Facility closure costs (2) 1,714 1,112 (1,917 ) 8 917 8,490 4,358 (6,736 ) 107 6,219 Fabrication Technology: Termination benefits (1) 3,712 1,618 (2,958 ) 28 2,400 Facility closure costs (2) 981 1,124 (2,023 ) 8 90 4,693 2,742 (4,981 ) 36 2,490 Corporate and Other: Facility closure costs (2) 203 — — 24 227 203 — — 24 227 $ 13,386 7,100 $ (11,717 ) $ 167 $ 8,936 (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 March 31, 2017 , $8.7 million and $0.2 million of the Company’s restructuring liability was included in Accrued liabilities and Other liabilities, respectively. The Company expects to incur charges of approximately $40 million during the remainder of 2017 related to its restructuring activities.

Net Periodic Benefit Cost-Defin

Net Periodic Benefit Cost-Defined Benefit Plans (Text Block)	3 Months Ended
	Mar. 31, 2017
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 cost (income) of the Company’s defined benefit pension plans and other post-retirement employee benefit plans: Three Months Ended March 31, 2017 April 1, 2016 (In thousands) Pension Benefits - U.S. Plans: Service cost $ 46 $ 48 Interest cost 3,879 4,352 Expected return on plan assets (5,339 ) (6,121 ) Amortization 1,619 1,615 Net periodic benefit cost (income) $ 205 $ (106 ) Pension Benefits-Non U.S. Plans: Service cost $ 945 $ 835 Interest cost 6,512 8,444 Expected return on plan assets (6,573 ) (8,221 ) Amortization 990 418 Net periodic benefit cost $ 1,874 $ 1,476 Other Post-Retirement Benefits: Service cost $ 10 $ 16 Interest cost 243 312 Amortization (100 ) 64 Net periodic benefit cost $ 153 $ 392

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements (Text Block)	3 Months Ended
	Mar. 31, 2017
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 $1.3 billion as of both March 31, 2017 and December 31, 2016 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: March 31, 2017 Level Level Level Total (In thousands) Assets: Cash equivalents $ 22,245 $ — $ — $ 22,245 Foreign currency contracts related to sales - designated as hedges — 1,858 — 1,858 Foreign currency contracts related to sales - not designated as hedges — 587 — 587 Foreign currency contracts related to purchases - designated as hedges — 1,994 — 1,994 Foreign currency contracts related to purchases - not designated as hedges — 429 — 429 Deferred compensation plans — 5,644 — 5,644 $ 22,245 $ 10,512 $ — $ 32,757 Liabilities: Foreign currency contracts related to sales - designated as hedges $ — $ 5,914 $ — $ 5,914 Foreign currency contracts related to sales - not designated as hedges — 731 — 731 Foreign currency contracts related to purchases - designated as hedges — 656 — 656 Foreign currency contracts related to purchases - not designated as hedges — 424 — 424 Deferred compensation plans — 5,644 — 5,644 $ — $ 13,369 $ — $ 13,369 December 31, 2016 Level Level Level Total (In thousands) Assets: Cash equivalents $ 24,603 $ — $ — $ 24,603 Foreign currency contracts related to sales - designated as hedges — 992 — 992 Foreign currency contracts related to sales - not designated as hedges — 1,422 — 1,422 Foreign currency contracts related to purchases - designated as hedges — 4,224 — 4,224 Foreign currency contracts related to purchases - not designated as hedges — 120 — 120 Deferred compensation plans — 4,586 — 4,586 $ 24,603 $ 11,344 $ — $ 35,947 Liabilities: Foreign currency contracts related to sales - designated as hedges $ — $ 11,280 $ — $ 11,280 Foreign currency contracts related to sales - not designated as hedges — 256 — 256 Foreign currency contracts related to purchases - designated as hedges — 469 — 469 Foreign currency contracts related to purchases - not designated as hedges — 1,004 — 1,004 Deferred compensation plans — 4,586 — 4,586 $ — $ 17,595 $ — $ 17,595 There were no transfers in or out of Level One, Two or Three during the three months ended March 31, 2017 . Foreign Currency Contracts As of March 31, 2017 and December 31, 2016 , the Company had foreign currency contracts with the following notional values: March 31, 2017 December 31, 2016 (In thousands) Foreign currency contracts sold - not designated as hedges $ 112,154 $ 87,172 Foreign currency contracts sold - designated as hedges 195,569 215,086 Foreign currency contracts purchased - not designated as hedges 40,029 40,127 Foreign currency contracts purchased - designated as hedges 64,293 84,604 Total foreign currency derivatives $ 412,045 $ 426,989 The Company recognized the following in its Condensed Consolidated Financial Statements related to its derivative instruments: Three Months Ended March 31, 2017 April 1, 2016 (In thousands) Contracts Designated as Hedges: Foreign Currency Contracts - related to customer sales contracts: Unrealized gain (loss) $ 1,089 $ (1,205 ) Realized (loss) gain (622 ) 2,369 Foreign Currency Contracts - related to supplier purchase contracts: Unrealized gain (loss) 833 (347 ) Realized (loss) gain (579 ) 33 Unrealized loss on net investment hedges (1) (3,475 ) (10,573 ) Contracts Not Designated in a Hedge Relationship: Foreign Currency Contracts - related to customer sales contracts: Unrealized (loss) gain (1,310 ) 2,028 Realized loss (40 ) (13 ) Foreign Currency Contracts - related to supplier purchases contracts: Unrealized gain (loss) 890 (1,036 ) Realized loss (2 ) (36 ) (1) The unrealized loss 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
	Mar. 31, 2017
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 2016 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 March 31, 2017 April 1, 2016 (Number of claims) Claims unresolved, beginning of period 20,567 20,583 Claims filed (2) 1,200 1,521 Claims resolved (3) (1,032 ) (1,463 ) Claims unresolved, end of period 20,735 20,641 (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: March 31, 2017 December 31, 2016 (In thousands) Long-term asbestos insurance asset (1) 289,114 293,289 Long-term asbestos insurance receivable (1) 80,587 92,269 Accrued asbestos liability (2) 53,680 51,166 Long-term asbestos liability (3) 325,251 330,194 (1) Included in Other assets in the Condensed Consolidated Balance Sheets. (2) Represents current accruals for probable and reasonably estimable asbestos-related liability cost that the Company believes the subsidiaries will pay, 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. (3) Included in Other liabilities in the Condensed Consolidated Balance Sheets. Following a Delaware Supreme Court ruling on September 12, 2016, the Company received $20.6 million of previously unreimbursed costs funded by the Company in defense and settlement of asbestos claims from insurance companies during the three months ended March 31, 2017 . Certain matters, including potential interest which could be awarded to a specific subsidiary, are subject to further rulings from the Delaware courts. While the outcome is uncertain, none of these matters is expected to have a material adverse effect on the financial condition, results of operations or cash flows of the Company. 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 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
	Mar. 31, 2017
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 March 31, 2017 April 1, 2016 (In thousands) Net sales: Gas and fluid handling $ 384,865 $ 432,738 Fabrication technology 460,061 444,105 $ 844,926 $ 876,843 Segment operating income (loss) (1) : Gas and fluid handling $ 32,351 $ 33,923 Fabrication technology 55,639 45,885 Corporate and other (14,669 ) (13,674 ) $ 73,321 $ 66,134 (1) The following is a reconciliation of Income before income taxes to segment operating income: Three Months Ended March 31, 2017 April 1, 2016 (In thousands) Income before income taxes $ 57,126 $ 39,346 Interest expense 9,095 9,120 Restructuring and other related charges 7,100 17,668 Segment operating income $ 73,321 $ 66,134 The detail of the Company’s Net sales by product type is as follows: Three Months Ended March 31, 2017 April 1, 2016 (In thousands) Air and gas handling $ 273,569 $ 321,602 Fluid handling 111,296 111,136 Welding and cutting 460,061 444,105 Total Net sales $ 844,926 $ 876,843

Subsequent Event (Notes)

Subsequent Event (Notes)	3 Months Ended
	Mar. 31, 2017
Subsequent Event [Abstract]
Subsequent Events [Text Block]	Subsequent Event The Company issued senior unsecured notes with an aggregate principal amount of €350 million (the “Notes”) on April 19, 2017. The Notes are due in 2025 and have an interest rate of 3.25% . The proceeds from the Notes offering were used to repay borrowings under the DB Credit Agreement and bilateral credit facilities, as well as for general corporate purposes, and are guaranteed by certain of the Company’s domestic subsidiaries.

Net Income Per Share (Tables)

Net Income Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 April 1, 2016 (In thousands, except share data) Net income attributable to Colfax Corporation $ 38,542 $ 22,615 Weighted-average shares of Common stock outstanding - basic 123,084,878 123,082,661 Net effect of potentially dilutive securities - stock options and restricted stock units 710,505 160,223 Weighted-average shares of Common stock outstanding - diluted 123,795,383 123,242,884 Net income per share - basic and diluted $ 0.31 $ 0.18

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 and April 1, 2016 . 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, 2017 $ (181,189 ) $ (860,789 ) $ 53,633 $ (988,345 ) Other comprehensive (loss) income before reclassifications: Foreign currency translation adjustment (678 ) 67,134 68 66,524 Loss on long-term intra-entity foreign currency transactions — (10,259 ) — (10,259 ) Loss on net investment hedges — — (3,475 ) (3,475 ) Unrealized gain on cash flow hedges — — 2,427 2,427 Other comprehensive (loss) income before reclassifications (678 ) 56,875 (980 ) 55,217 Amounts reclassified from Accumulated other comprehensive loss (1) 1,726 — — 1,726 Net current period Other comprehensive income (loss) 1,048 56,875 (980 ) 56,943 Balance at March 31, 2017 $ (180,141 ) $ (803,914 ) $ 52,653 $ (931,402 ) 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) 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 ) (1) Included in the computation of net periodic benefit cost. See Note 10, “Net Periodic Benefit Cost - Defined Benefit Plans” for additional details.

Inventories, Net (Tables)

Inventories, Net (Tables)	3 Months Ended
	Mar. 31, 2017
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories, net consisted of the following: March 31, 2017 December 31, 2016 (In thousands) Raw materials $ 154,518 $ 148,513 Work in process 74,636 75,331 Finished goods 254,620 237,507 483,774 461,351 Less: customer progress payments (15,076 ) (14,624 ) Less: allowance for excess, slow-moving and obsolete inventory (41,371 ) (42,870 ) Inventories, net $ 427,327 $ 403,857

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Long-term debt consisted of the following: March 31, 2017 December 31, 2016 (In thousands) Term loans $ 669,531 $ 678,286 Trade receivables financing arrangement 62,193 63,399 Revolving credit facilities and other 519,043 550,459 Total Debt 1,250,767 1,292,144 Less: current portion (5,865 ) (5,406 ) Long-term debt $ 1,244,902 $ 1,286,738

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2017
Accrued Liabilities [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	Accrued liabilities in the Condensed Consolidated Balance Sheets consisted of the following: March 31, 2017 December 31, 2016 (In thousands) Accrued payroll $ 95,244 $ 102,960 Accrued taxes 29,195 38,367 Accrued asbestos-related liability 53,680 51,166 Warranty liability - current portion 31,443 30,710 Accrued restructuring liability - current portion 8,711 13,184 Accrued third-party commissions 9,770 8,697 Other 91,588 99,274 Accrued liabilities $ 319,631 $ 344,358
Schedule of Product Warranty Liability [Table Text Block]	The activity in the Company’s warranty liability consisted of the following: Three Months Ended March 31, 2017 April 1, 2016 (In thousands) Warranty liability, beginning of period $ 31,721 $ 37,407 Accrued warranty expense 5,903 6,514 Changes in estimates related to pre-existing warranties (6 ) 1,715 Cost of warranty service work performed (6,315 ) (7,642 ) Foreign exchange translation effect 436 881 Warranty liability, end of period $ 31,739 $ 38,875
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 March 31, 2017 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) $ 6,776 $ 3,246 $ (4,819 ) $ 99 $ 5,302 Facility closure costs (2) 1,714 1,112 (1,917 ) 8 917 8,490 4,358 (6,736 ) 107 6,219 Fabrication Technology: Termination benefits (1) 3,712 1,618 (2,958 ) 28 2,400 Facility closure costs (2) 981 1,124 (2,023 ) 8 90 4,693 2,742 (4,981 ) 36 2,490 Corporate and Other: Facility closure costs (2) 203 — — 24 227 203 — — 24 227 $ 13,386 7,100 $ (11,717 ) $ 167 $ 8,936 (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 March 31, 2017 , $8.7 million and $0.2 million of the Company’s restructuring liability was included in Accrued liabilities and Other liabilities, respectively.

Net Periodic Benefit Cost-Def29

Net Periodic Benefit Cost-Defined Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2017
Compensation and Retirement Disclosure [Abstract]
Schedule of Net Benefit Costs [Table Text Block]	The following table sets forth the components of net periodic benefit cost (income) of the Company’s defined benefit pension plans and other post-retirement employee benefit plans: Three Months Ended March 31, 2017 April 1, 2016 (In thousands) Pension Benefits - U.S. Plans: Service cost $ 46 $ 48 Interest cost 3,879 4,352 Expected return on plan assets (5,339 ) (6,121 ) Amortization 1,619 1,615 Net periodic benefit cost (income) $ 205 $ (106 ) Pension Benefits-Non U.S. Plans: Service cost $ 945 $ 835 Interest cost 6,512 8,444 Expected return on plan assets (6,573 ) (8,221 ) Amortization 990 418 Net periodic benefit cost $ 1,874 $ 1,476 Other Post-Retirement Benefits: Service cost $ 10 $ 16 Interest cost 243 312 Amortization (100 ) 64 Net periodic benefit cost $ 153 $ 392

Financial Instruments and Fai30

Financial Instruments and Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2017
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: March 31, 2017 Level Level Level Total (In thousands) Assets: Cash equivalents $ 22,245 $ — $ — $ 22,245 Foreign currency contracts related to sales - designated as hedges — 1,858 — 1,858 Foreign currency contracts related to sales - not designated as hedges — 587 — 587 Foreign currency contracts related to purchases - designated as hedges — 1,994 — 1,994 Foreign currency contracts related to purchases - not designated as hedges — 429 — 429 Deferred compensation plans — 5,644 — 5,644 $ 22,245 $ 10,512 $ — $ 32,757 Liabilities: Foreign currency contracts related to sales - designated as hedges $ — $ 5,914 $ — $ 5,914 Foreign currency contracts related to sales - not designated as hedges — 731 — 731 Foreign currency contracts related to purchases - designated as hedges — 656 — 656 Foreign currency contracts related to purchases - not designated as hedges — 424 — 424 Deferred compensation plans — 5,644 — 5,644 $ — $ 13,369 $ — $ 13,369 December 31, 2016 Level Level Level Total (In thousands) Assets: Cash equivalents $ 24,603 $ — $ — $ 24,603 Foreign currency contracts related to sales - designated as hedges — 992 — 992 Foreign currency contracts related to sales - not designated as hedges — 1,422 — 1,422 Foreign currency contracts related to purchases - designated as hedges — 4,224 — 4,224 Foreign currency contracts related to purchases - not designated as hedges — 120 — 120 Deferred compensation plans — 4,586 — 4,586 $ 24,603 $ 11,344 $ — $ 35,947 Liabilities: Foreign currency contracts related to sales - designated as hedges $ — $ 11,280 $ — $ 11,280 Foreign currency contracts related to sales - not designated as hedges — 256 — 256 Foreign currency contracts related to purchases - designated as hedges — 469 — 469 Foreign currency contracts related to purchases - not designated as hedges — 1,004 — 1,004 Deferred compensation plans — 4,586 — 4,586 $ — $ 17,595 $ — $ 17,595 There were no transfers in or out of Level One, Two or Three during the three months ended March 31, 2017 .
Schedule of Foreign Exchange Contracts, Notional Values	As of March 31, 2017 and December 31, 2016 , the Company had foreign currency contracts with the following notional values: March 31, 2017 December 31, 2016 (In thousands) Foreign currency contracts sold - not designated as hedges $ 112,154 $ 87,172 Foreign currency contracts sold - designated as hedges 195,569 215,086 Foreign currency contracts purchased - not designated as hedges 40,029 40,127 Foreign currency contracts purchased - designated as hedges 64,293 84,604 Total foreign currency derivatives $ 412,045 $ 426,989
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 March 31, 2017 April 1, 2016 (In thousands) Contracts Designated as Hedges: Foreign Currency Contracts - related to customer sales contracts: Unrealized gain (loss) $ 1,089 $ (1,205 ) Realized (loss) gain (622 ) 2,369 Foreign Currency Contracts - related to supplier purchase contracts: Unrealized gain (loss) 833 (347 ) Realized (loss) gain (579 ) 33 Unrealized loss on net investment hedges (1) (3,475 ) (10,573 ) Contracts Not Designated in a Hedge Relationship: Foreign Currency Contracts - related to customer sales contracts: Unrealized (loss) gain (1,310 ) 2,028 Realized loss (40 ) (13 ) Foreign Currency Contracts - related to supplier purchases contracts: Unrealized gain (loss) 890 (1,036 ) Realized loss (2 ) (36 ) (1) The unrealized loss on net investment hedges is attributable to the change in valuation of Euro denominated debt.

Commitments and Contingencies31

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 April 1, 2016 (Number of claims) Claims unresolved, beginning of period 20,567 20,583 Claims filed (2) 1,200 1,521 Claims resolved (3) (1,032 ) (1,463 ) Claims unresolved, end of period 20,735 20,641 (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: March 31, 2017 December 31, 2016 (In thousands) Long-term asbestos insurance asset (1) 289,114 293,289 Long-term asbestos insurance receivable (1) 80,587 92,269 Accrued asbestos liability (2) 53,680 51,166 Long-term asbestos liability (3) 325,251 330,194 (1) Included in Other assets in the Condensed Consolidated Balance Sheets. (2) Represents current accruals for probable and reasonably estimable asbestos-related liability cost that the Company believes the subsidiaries will pay, 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. (3) Included in Other liabilities in the Condensed Consolidated Balance Sheets.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The Company’s segment results were as follows: Three Months Ended March 31, 2017 April 1, 2016 (In thousands) Net sales: Gas and fluid handling $ 384,865 $ 432,738 Fabrication technology 460,061 444,105 $ 844,926 $ 876,843 Segment operating income (loss) (1) : Gas and fluid handling $ 32,351 $ 33,923 Fabrication technology 55,639 45,885 Corporate and other (14,669 ) (13,674 ) $ 73,321 $ 66,134 (1) The following is a reconciliation of Income before income taxes to segment operating income: Three Months Ended March 31, 2017 April 1, 2016 (In thousands) Income before income taxes $ 57,126 $ 39,346 Interest expense 9,095 9,120 Restructuring and other related charges 7,100 17,668 Segment operating income $ 73,321 $ 66,134
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 March 31, 2017 April 1, 2016 (In thousands) Air and gas handling $ 273,569 $ 321,602 Fluid handling 111,296 111,136 Welding and cutting 460,061 444,105 Total Net sales $ 844,926 $ 876,843

Recently Issued Accounting Pr33

Recently Issued Accounting Pronouncements Details Textual (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Cumulative effect of accounting change	$ 9,989
Capitalized Computer Software, Net	31,100	$ 33,000
Accounting Standards Update 2016-09 [Member]
Cumulative effect of accounting change	$ 9,989

Acquisition Acquisition (Detail

Acquisition Acquisition (Details) € in Millions	Mar. 08, 2017EUR (€)
Siemens Turbomachinery Equipment GmbH [Member]
Business Combination, Consideration to Be Transferred	€ 195

Net Income Per Share (Details)

Net Income Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Apr. 01, 2016
Earnings Per Share [Abstract]
Net income attributable to Colfax Corporation	$ 38,542	$ 22,615
Weighted-average shares of Common stock outstanding - basic	123,084,878	123,082,661
Net effect of potentially dilutive securities - stock options and restricted stock units	710,505	160,223
Weighted-average shares of Common stock outstanding - diluted	123,795,383	123,242,884
Net income per share - basic and diluted	$ 0.31	$ 0.18

Net Income Per Share (Details T

Net Income Per Share (Details Textual) - shares shares in Millions	3 Months Ended
	Mar. 31, 2017	Apr. 01, 2016
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2.7	5

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Apr. 01, 2016
Income Tax Disclosure [Abstract]
Income before income taxes	$ 57,126	$ 39,346
Provision for income taxes	$ 15,639	$ 13,136
Effective Income Tax Rate, Continuing Operations	27.40%	33.40%
Discrete tax benefit	$ 900

Equity (Details - AOCI Componen

Equity (Details - AOCI Components) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Apr. 01, 2016
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance		$ (988,345)	$ (686,715)
Foreign currency translation adjustment		66,524	(6,252)
Loss on long-term intra-entity foreign currency transactions		(10,259)	(17,371)
Loss on net investment hedges		(3,475)	(10,573)
Unrealized gain on cash flow hedges		2,427	1,169
Other comprehensive income (loss) before reclassifications		55,217	(33,027)
Amounts reclassified from Accumulated other comprehensive loss	[1]	1,726	1,400
Net current period other comprehensive income (loss)		56,943	(31,627)
Ending balance		(931,402)	(718,342)
Net Unrecognized Pension And Other Post-Retirement Benefit Cost [Member]
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance		(181,189)	(193,258)
Foreign currency translation adjustment		(678)	(929)
Loss on long-term intra-entity foreign currency transactions		0	0
Loss on net investment hedges		0	0
Unrealized gain on cash flow hedges		0	0
Other comprehensive income (loss) before reclassifications		(678)	(929)
Amounts reclassified from Accumulated other comprehensive loss	[1]	1,726	1,400
Net current period other comprehensive income (loss)		1,048	471
Ending balance		(180,141)	(192,787)
Foreign Currency Translation Adjustment [Member]
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance		(860,789)	(528,620)
Foreign currency translation adjustment		67,134	(5,711)
Loss on long-term intra-entity foreign currency transactions		(10,259)	(17,371)
Loss on net investment hedges		0	0
Unrealized gain on cash flow hedges		0	0
Other comprehensive income (loss) before reclassifications		56,875	(23,082)
Amounts reclassified from Accumulated other comprehensive loss		0	0
Net current period other comprehensive income (loss)		56,875	(23,082)
Ending balance		(803,914)	(551,702)
Unrealized Gain On Hedging Activities [Member]
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance		53,633	35,163
Foreign currency translation adjustment		68	388
Loss on long-term intra-entity foreign currency transactions		0	0
Loss on net investment hedges		(3,475)	(10,573)
Unrealized gain on cash flow hedges		2,427	1,169
Other comprehensive income (loss) before reclassifications		(980)	(9,016)
Amounts reclassified from Accumulated other comprehensive loss		0	0
Net current period other comprehensive income (loss)		(980)	(9,016)
Ending balance		$ 52,653	$ 26,147
[1]	Included in the computation of net periodic benefit cost. See Note 10, “Net Periodic Benefit Cost - Defined Benefit Plans” for additional details.

Equity Textuals (Details)

Equity Textuals (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Apr. 01, 2016
Equity [Abstract]
Other Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	$ 3.8	$ 3.4

Inventories, Net (Details)

Inventories, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Inventory Disclosure [Abstract]
Raw materials	$ 154,518	$ 148,513
Work in process	74,636	75,331
Finished goods	254,620	237,507
Inventory, gross	483,774	461,351
Less: customer progress payments	(15,076)	(14,624)
Less: allowance for excess, slow-moving and obsolete inventory	(41,371)	(42,870)
Inventories, net	$ 427,327	$ 403,857

Debt Components (Details)

Debt Components (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Total Debt	$ 1,250,767	$ 1,292,144
Less: current portion	(5,865)	(5,406)
Long-term debt	1,244,902	1,286,738
Term Debt [Member]
Debt Instrument [Line Items]
Total Debt	669,531	678,286
Trade receivables financing arrangement [Member]
Debt Instrument [Line Items]
Total Debt	62,193	63,399
Revolving credit facilities and other [Member]
Debt Instrument [Line Items]
Total Debt	$ 519,043	$ 550,459

Debt (Details Textual)

Debt (Details Textual) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Debt discount	$ 5.1
Deferred Finance Costs, Net	$ 5.3
Long-term Debt, Weighted Average Interest Rate	2.27%
Line of Credit Facility, Remaining Borrowing Capacity	$ 851.3
Letter of Credit Subfacility, Maximum Borrowing Capacity	764.8
Letters of Credit, Amount Outstanding	$ 372.4
Debt Instrument, Covenant Compliance	As of March 31, 2017, the Company is in compliance with the covenants under the DB Credit Agreement.
Bilateral agreements [Member]
Long-term Debt, Weighted Average Interest Rate	0.97%
Line of Credit Facility, Maximum Borrowing Capacity	$ 204.4
Outstanding borrowings	$ 57.1
Trade receivables financing arrangement [Member]
Long-term Debt, Weighted Average Interest Rate	1.80%
Secured Debt, Maximum Borrowing Capacity	$ 80
Trade receivables financing arrangement, outstanding borrowings	$ 62.2

Accrued Liabilities Chart (Deta

Accrued Liabilities Chart (Details) - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Accrued Liabilities [Abstract]
Accrued payroll		$ 95,244	$ 102,960
Accrued taxes		29,195	38,367
Accrued asbestos-related liability	[1]	53,680	51,166
Warranty liability - current portion		31,443	30,710
Accrued restructuring liability - current portion		8,711	13,184
Accrued third-party commissions		9,770	8,697
Other		91,588	99,274
Accrued liabilities		$ 319,631	$ 344,358
[1]	Represents current accruals for probable and reasonably estimable asbestos-related liability cost that the Company believes the subsidiaries will pay, 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
	Mar. 31, 2017	Apr. 01, 2016
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty liability, beginning of period	$ 31,721	$ 37,407
Accrued warranty expense	5,903	6,514
Changes in estimates related to pre-existing warranties	(6)	1,715
Cost of warranty service work performed	(6,315)	(7,642)
Foreign exchange translation effect	436	881
Warranty liability, end of period	$ 31,739	$ 38,875

Restructuring Rollforward (Deta

Restructuring Rollforward (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Balance at Beginning of Period	$ 13,386
Provisions	7,100
Payments	(11,717)
Foreign Currency Translation	167
Balance at End of Period	8,936	[1]
Gas and fluid handling
Balance at Beginning of Period	8,490
Provisions	4,358
Payments	(6,736)
Foreign Currency Translation	107
Balance at End of Period	6,219
Fabrication technology
Balance at Beginning of Period	4,693
Provisions	2,742
Payments	(4,981)
Foreign Currency Translation	36
Balance at End of Period	2,490
Corporate and other
Balance at Beginning of Period	203
Provisions	0
Payments	0
Foreign Currency Translation	24
Balance at End of Period	227
Termination benefits [Member] | Gas and fluid handling
Balance at Beginning of Period	6,776	[2]
Provisions	3,246	[2]
Payments	(4,819)	[2]
Foreign Currency Translation	99	[2]
Balance at End of Period	5,302	[2]
Termination benefits [Member] | Fabrication technology
Balance at Beginning of Period	3,712	[2]
Provisions	1,618	[2]
Payments	(2,958)	[2]
Foreign Currency Translation	28	[2]
Balance at End of Period	2,400	[2]
Facility closure costs [Member] | Gas and fluid handling
Balance at Beginning of Period	1,714	[3]
Provisions	1,112	[3]
Payments	(1,917)	[3]
Foreign Currency Translation	8	[3]
Balance at End of Period	917	[3]
Facility closure costs [Member] | Fabrication technology
Balance at Beginning of Period	981	[3]
Provisions	1,124	[3]
Payments	(2,023)	[3]
Foreign Currency Translation	8	[3]
Balance at End of Period	90	[3]
Facility closure costs [Member] | Corporate and other
Balance at Beginning of Period	203	[3]
Provisions	0	[3]
Payments	0	[3]
Foreign Currency Translation	24	[3]
Balance at End of Period	$ 227	[3]
[1]	As of March 31, 2017, $8.7 million and $0.2 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	Mar. 31, 2017	Dec. 31, 2016
Accrued Liabilities [Abstract]
Restructuring Reserve, Current	$ 8,711	$ 13,184
Restructuring Reserve, Noncurrent	200
Expected Remaining Restructuring and Related Charges For Year	$ 40,000

Net Periodic Benefit Cost-Def47

Net Periodic Benefit Cost-Defined Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Apr. 01, 2016
Pension Benefits-U.S. Plans: [Member]
Service cost	$ 46	$ 48
Interest cost	3,879	4,352
Expected return on plan assets	(5,339)	(6,121)
Amortization	1,619	1,615
Net periodic benefit cost (income)	205	(106)
Pension Benefits-Non U.S. Plans: [Member]
Service cost	945	835
Interest cost	6,512	8,444
Expected return on plan assets	(6,573)	(8,221)
Amortization	990	418
Net periodic benefit cost (income)	1,874	1,476
Other Post-Retirement Benefits: [Member]
Service cost	10	16
Interest cost	243	312
Amortization	(100)	64
Net periodic benefit cost (income)	$ 153	$ 392

Fair Value Hierarchy (Details)

Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Cash equivalents	$ 22,245	$ 24,603
Deferred compensation plans	5,644	4,586
Deferred compensation plans liability	5,644	4,586
Assets, Fair Value Disclosure	32,757	35,947
Liabilities, Fair Value Disclosure	13,369	17,595
Fair Value, Inputs, Level 1 [Member]
Cash equivalents	22,245	24,603
Assets, Fair Value Disclosure	22,245	24,603
Fair Value, Inputs, Level 2 [Member]
Deferred compensation plans	5,644	4,586
Deferred compensation plans liability	5,644	4,586
Assets, Fair Value Disclosure	10,512	11,344
Liabilities, Fair Value Disclosure	13,369	17,595
Foreign currency contracts related to customer sales contracts
Foreign currency contracts designated as hedges, Assets	1,858	992
Foreign currency contracts not designated as hedges, Assets	587	1,422
Foreign currency contracts designated as hedges, Liabilities	5,914	11,280
Foreign currency contracts not designated as hedges, Liability	731	256
Foreign currency contracts related to customer sales contracts | Fair Value, Inputs, Level 2 [Member]
Foreign currency contracts designated as hedges, Assets	1,858	992
Foreign currency contracts not designated as hedges, Assets	587	1,422
Foreign currency contracts designated as hedges, Liabilities	5,914	11,280
Foreign currency contracts not designated as hedges, Liability	731	256
Foreign currency contracts related to supplier purchase contracts
Foreign currency contracts designated as hedges, Assets	1,994	4,224
Foreign currency contracts not designated as hedges, Assets	429	120
Foreign currency contracts designated as hedges, Liabilities	656	469
Foreign currency contracts not designated as hedges, Liability	424	1,004
Foreign currency contracts related to supplier purchase contracts | Fair Value, Inputs, Level 2 [Member]
Foreign currency contracts designated as hedges, Assets	1,994	4,224
Foreign currency contracts not designated as hedges, Assets	429	120
Foreign currency contracts designated as hedges, Liabilities	656	469
Foreign currency contracts not designated as hedges, Liability	$ 424	$ 1,004

Foreign Currency Contracts Noti

Foreign Currency Contracts Notional Values (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Derivative, Notional Amount	$ 412,045	$ 426,989
Foreign currency contracts related to customer sales contracts | Not Designated As Hedging Instrument [Member]
Derivative, Notional Amount	112,154	87,172
Foreign currency contracts related to customer sales contracts | Designated As Hedging Instrument [Member]
Derivative, Notional Amount	195,569	215,086
Foreign currency contracts related to supplier purchase contracts | Not Designated As Hedging Instrument [Member]
Derivative, Notional Amount	40,029	40,127
Foreign currency contracts related to supplier purchase contracts | Designated As Hedging Instrument [Member]
Derivative, Notional Amount	$ 64,293	$ 84,604

Gain (Loss) On Derivative Instr

Gain (Loss) On Derivative Instruments (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Apr. 01, 2016
Unrealized loss on Net Investment Hedges		$ (3,475)	$ (10,573)
Designated As Hedging Instrument [Member]
Unrealized loss on Net Investment Hedges	[1]	(3,475)	(10,573)
Designated As Hedging Instrument [Member] | Foreign currency contracts related to customer sales contracts
Unrealized gain (loss) on Foreign Currency Contracts		1,089	(1,205)
Realized (loss) gain on Foreign Currency Contracts		(622)	2,369
Designated As Hedging Instrument [Member] | Foreign currency contracts related to supplier purchase contracts
Unrealized gain (loss) on Foreign Currency Contracts		833	(347)
Realized (loss) gain on Foreign Currency Contracts		(579)	33
Not Designated As Hedging Instrument [Member] | Foreign currency contracts related to customer sales contracts
Unrealized gain (loss) on Foreign Currency Contracts		(1,310)	2,028
Realized (loss) gain on Foreign Currency Contracts		(40)	(13)
Not Designated As Hedging Instrument [Member] | Foreign currency contracts related to supplier purchase contracts
Unrealized gain (loss) on Foreign Currency Contracts		890	(1,036)
Realized (loss) gain on Foreign Currency Contracts		$ (2)	$ (36)
[1]	The unrealized loss on net investment hedges is attributable to the change in valuation of Euro denominated debt.

Financial Instruments and Fai51

Financial Instruments and Fair Value Measurements (Details Textual) - USD ($) $ in Billions	Mar. 31, 2017	Dec. 31, 2016
Financial Instruments and Fair Value Measurements [Abstract]
Long-term Debt, Fair Value	$ 1.3	$ 1.3

Claims Rollforward (Details)

Claims Rollforward (Details) - Asbestos_claims		3 Months Ended
		Mar. 31, 2017	Apr. 01, 2016
Commitments and Contingencies Disclosure [Abstract]
Claims unresolved, beginning of period	[1]	20,567	20,583
Claims filed	[1],[2]	1,200	1,521
Claims resolved	[1],[3]	(1,032)	(1,463)
Claims unresolved, end of period	[1]	20,735	20,641
[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		Mar. 31, 2017	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Long-term asbestos insurance asset	[1]	$ 289,114	$ 293,289
Long-term asbestos insurance receivable	[1]	80,587	92,269
Accrued asbestos liability	[2]	53,680	51,166
Long-term asbestos liability	[3]	$ 325,251	$ 330,194
[1]	Included in Other assets in the Condensed Consolidated Balance Sheets.
[2]	Represents current accruals for probable and reasonably estimable asbestos-related liability cost that the Company believes the subsidiaries will pay, 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.
[3]	Included in Other liabilities in the Condensed Consolidated Balance Sheets.

Commitments and Contingencies54

Commitments and Contingencies (Details Textual) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Subsidiary 1 [Member]
Asbestos-Related Insurance Proceeds	$ 20.6

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2017	Apr. 01, 2016
Net sales		$ 844,926	$ 876,843
Income before income taxes		57,126	39,346
Interest expense		9,095	9,120
Restructuring and other related charges		7,100	17,668
Segment Operating Income (Loss)	[1]	73,321	66,134
Air and gas handling
Net sales		273,569	321,602
Fluid handling
Net sales		111,296	111,136
Welding and Cutting
Net sales		460,061	444,105
Gas and fluid handling
Net sales		384,865	432,738
Segment Operating Income (Loss)	[1]	32,351	33,923
Fabrication technology
Net sales		460,061	444,105
Segment Operating Income (Loss)	[1]	55,639	45,885
Corporate and other
Segment Operating Income (Loss)	[1]	$ (14,669)	$ (13,674)
[1]	The following is a reconciliation of Income before income taxes to segment operating income:

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event [Member] € in Millions	Apr. 19, 2017EUR (€)
Subsequent Event [Line Items]
Proceeds from Notes Payable	€ 350
Unsecured Euro notes, interest rate	3.25%