Enovis (ENOV) 10-Q 6 Nov 17 2017 Q3 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION	9 Months Ended
	Sep. 29, 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	123,115,844
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 29, 2017
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,017

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2017	Sep. 30, 2016	Sep. 29, 2017	Sep. 30, 2016
Income Statement [Abstract]
Net sales	$ 844,509	$ 766,521	$ 2,426,101	$ 2,373,345
Cost of sales	580,610	528,207	1,664,309	1,630,953
Gross profit	263,899	238,314	761,792	742,392
Selling, general and administrative expense	181,835	167,851	533,550	526,972
Restructuring and other related charges	7,298	11,752	23,131	37,998
Operating income	74,766	58,711	205,111	177,422
Interest expense	11,328	6,892	29,106	24,988
Income from continuing operations before income taxes	63,438	51,819	176,005	152,434
Provision for income taxes	13,816	11,271	46,128	40,852
Net income from continuing operations	49,622	40,548	129,877	111,582
Income (loss) from discontinued operations, net of taxes	2,082	(8,349)	21,790	(9,210)
Net income	51,704	32,199	151,667	102,372
Less: income attributable to noncontrolling interest, net of taxes	5,841	4,229	13,867	12,033
Net income attributable to Colfax Corporation	$ 45,863	$ 27,970	$ 137,800	$ 90,339
Net income (loss) per share - basic
Continuing operations	$ 0.36	$ 0.30	$ 0.94	$ 0.81
Discontinued operations	0.01	(0.07)	0.18	(0.08)
Consolidated operations	0.37	0.23	1.12	0.73
Net income (loss) per share - diluted
Continuing operations	0.35	0.30	0.94	0.81
Discontinued operations	0.02	(0.07)	0.17	(0.08)
Consolidated operations	$ 0.37	$ 0.23	$ 1.11	$ 0.73

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2017	Sep. 30, 2016	Sep. 29, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 51,704	$ 32,199	$ 151,667	$ 102,372
Other comprehensive income (loss):
Foreign currency translation, net of tax of $(551), $462, $(1,633) and $2,898	89,771	(31,679)	257,682	(185,743)
Unrealized gain (loss) on hedging activities, net of tax of $(6,249), $(12,108), $(14,872) and $(13,807)	(7,755)	9,146	(22,108)	3,826
Amounts reclassified from Accumulated other comprehensive loss:
Amortization of pension and other post-retirement net actuarial loss, net of tax of $722, $454, $2,658 and $1,908	2,466	827	5,102	3,459
Amortization of pension and other post-retirement prior service cost, net of tax of $24, $22, $71 and $66	38	44	115	120
Foreign currency translation adjustment resulting from Venezuela deconsolidation	0	(2,378)	0	(2,378)
Other comprehensive income (loss)	84,520	(19,284)	240,791	(175,960)
Comprehensive income (loss)	136,224	12,915	392,458	(73,588)
Less: comprehensive income attributable to noncontrolling interest	5,041	7,940	20,085	16,968
Comprehensive income (loss) attributable to Colfax Corporation	$ 131,183	$ 4,975	$ 372,373	$ (90,556)

CONDENSED CONSOLIDATED STATEME4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) [Parenthetical] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2017	Sep. 30, 2016	Sep. 29, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Foreign currency translation, tax	$ (551)	$ 462	$ (1,633)	$ 2,898
Unrealized loss on hedging activities, tax	(6,249)	(12,108)	(14,872)	(13,807)
Amortization of pension and other post-retirement net actuarial loss, tax	722	454	2,658	1,908
Amortization of pension and other post-retirement prior service cost, tax	$ 24	$ 22	$ 71	$ 66

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 29, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 260,414	$ 208,814
Trade receivables, less allowance for doubtful accounts of $30,042 and $29,005	957,215	838,796
Inventories, net	414,556	364,972
Other current assets	188,221	175,721
Current portion of assets held for sale	494,463	150,275
Total current assets	2,314,869	1,738,578
Property, plant and equipment, net	512,561	537,740
Goodwill	2,527,141	2,350,996
Intangible assets, net	935,804	884,038
Other assets	547,941	520,031
Assets held for sale, less current portion	0	307,057
Total assets	6,838,316	6,338,440
LIABILITIES AND EQUITY
Current portion of long-term debt	5,861	5,406
Accounts payable	543,725	515,520
Customer advances and billings in excess of costs incurred	129,893	140,220
Accrued liabilities	336,744	311,326
Current portion of liabilities held for sale	272,407	87,183
Total current liabilities	1,288,630	1,059,655
Long-term debt, less current portion	1,334,627	1,286,738
Other liabilities	701,261	732,729
Liabilities held for sale, less current portion	0	165,974
Total liabilities	3,324,518	3,245,096
Equity:
Common stock, $0.001 par value; 400,000,000 shares authorized; 123,115,844 and 122,780,261 issued and outstanding	123	123
Additional paid-in capital	3,220,073	3,199,682
Retained earnings	833,200	685,411
Accumulated other comprehensive loss	(753,772)	(988,345)
Total Colfax Corporation equity	3,299,624	2,896,871
Noncontrolling interest	214,174	196,473
Total equity	3,513,798	3,093,344
Total liabilities and equity	$ 6,838,316	$ 6,338,440

CONDENSED CONSOLIDATED BALANCE6

CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] - USD ($) $ in Thousands	Sep. 29, 2017	Dec. 31, 2016
Condensed Consolidated Balance Sheet (Parenthetical) [Abstract]
Trade receivables, allowance for doubtful accounts	$ 30,042	$ 29,005
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	123,115,844	122,780,261
Common Stock, Shares, Outstanding	123,115,844	122,780,261

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENT OF EQUITY - 9 months ended Sep. 29, 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 Dec. 31, 2016	$ 3,093,344	$ 123	$ 3,199,682	$ 685,411	$ (988,345)	$ 196,473
Shares, Outstanding at Dec. 31, 2016		122,780,261
Cumulative effect of accounting change	9,989			9,989
Net income attributable to Colfax Corporation	137,800			137,800
Net income attributable to noncontrolling interest	13,867					13,867
Net income	151,667
Distributions to noncontrolling owners	(2,384)					(2,384)
Other comprehensive income, net of tax of $(13.8) million	240,791				234,573	6,218
Common stock-based award activity	20,391	$ 0	20,391
Common stock-based award activity (in shares)		335,583
Balance at Sep. 29, 2017	$ 3,513,798	$ 123	$ 3,220,073	$ 833,200	$ (753,772)	$ 214,174
Shares, Outstanding at Sep. 29, 2017		123,115,844

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENT OF EQUITY Statement of Stockholders' Equity [Parenthetical] $ in Millions	9 Months Ended
	Sep. 29, 2017USD ($)
Statement of Stockholders' Equity [Parenthetical] [Abstract]
Other comprehensive loss, tax	$ (13.8)

CONDENSED CONSOLIDATED STATEME9

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2017	Sep. 30, 2016
Net income	$ 151,667	$ 102,372
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and impairment charges	101,843	107,101
Stock-based compensation expense	15,633	13,920
Non-cash interest expense	3,340	3,126
Deferred income tax benefit	(6,046)	(1,171)
Gain on sale of facility	(10,557)	0
Changes in operating assets and liabilities:
Trade receivables, net	(96,472)	(28,341)
Inventories, net	(38,493)	2,932
Accounts payable	(3,308)	(23,899)
Customer advances and billings in excess of costs incurred	(18,405)	(48,167)
Changes in other operating assets and liabilities	15,489	(26,019)
Net cash provided by operating activities	114,691	101,854
Cash flows from investing activities:
Purchases of fixed assets, net	(20,650)	(41,671)
Acquisitions, net of cash received	(56,931)	0
Net cash used in investing activities	(77,581)	(41,671)
Cash flows from financing activities:
Payments under term credit facility	(46,878)	(28,125)
Proceeds from borrowings on revolving credit facilities and other	594,159	659,469
Repayments of borrowings on revolving credit facilities and other	(911,462)	(676,257)
Proceeds from borrowings on senior unsecured notes	374,450	0
Proceeds from issuance of common stock, net	4,758	413
Repurchases of common stock	0	(20,812)
Other	(8,851)	(7,830)
Net cash provided by (used in) financing activities	6,176	(73,142)
Effect of foreign exchange rates on Cash and cash equivalents	7,434	7,150
Increase (decrease) in Cash and cash equivalents	50,720	(5,809)
Cash and Cash Equivalents- beginning of period	221,730	197,469
Cash and Cash Equivalents- end of period	$ 272,450	$ 191,660

General (Text Block)

General (Text Block)	9 Months Ended
	Sep. 29, 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 leading diversified industrial technology 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. On September 24, 2017 (the “Purchase Agreement Date”), the Company and CIRCOR International, Inc. a Delaware corporation (“CIRCOR” or the “Buyer”) entered into a definitive purchase agreement (the “Purchase Agreement”), pursuant to which CIRCOR has agreed to purchase certain subsidiaries and assets comprising Colfax’s fluid handling business (“Fluid Handling”) for an estimated aggregate consideration of $860 million including cash consideration of $542 million and approximately 3.3 million newly-issued shares of Buyer common stock, and the assumption of certain liabilities, including certain pension liabilities. The estimated aggregate consideration reflects the CIRCOR share price as of the close of trading on September 22, 2017 , which may vary based on the trading price for CIRCOR shares on the closing date as well as other purchase price adjustments, including cash on hand. The sale is expected to close during the three months ending December 31, 2017, subject to regulatory approval and other customary closing conditions. Herein, the Company has presented its operations for the Fluid Handling business as discontinued operations in the Company’s Condensed Consolidated Financial Statements. Prior period amounts have been adjusted to present the discontinued operations on a consistent basis. See Note 3, “Discontinued Operations” for further information. 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 . During the three months ended September 29, 2017, the Company identified specific intercompany amounts within the Fabrication Technology segment that were incorrectly reported in Total assets and Total liabilities of the Consolidated Balance Sheet as of December 31, 2016. As a result, the Company has adjusted its Consolidated Balance Sheet as of December 31, 2016 as presented herein to reduce Other current assets and Accounts payable by $47.0 million . This revision did not have an overall net effect on Net cash provided by operating activities and had no effect on Net income for any prior period. The Company has corrected the issue as of September 29, 2017 in the comparative financial statements and amounts have been eliminated in the Condensed Consolidated Balance Sheet as of this date. The Condensed Consolidated Financial Statements reflect, in the opinion of management, all adjustments, which except as discussed above, 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. 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 and nine months ended September 29, 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)	9 Months Ended
	Sep. 29, 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 will apply the ASU and its related updates on a full retrospective basis as of January 1, 2018. To evaluate the effect the ASU will have on the Company’s financial statements and related disclosures, the Company developed a comprehensive project plan that included representatives from across the Company’s operating segments. The Company is in the final stages of validating its preliminary conclusion that the adoption of the ASU will not have a material impact on the 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 during the nine months ended September 29, 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, the related systems required to capture the increased reporting and disclosures associated with the ASU, and its use of practical expedients. The Company will apply the ASU and its related updates on a modified retrospective basis as of January 1, 2019. 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 during the nine months ended September 29, 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 $27.6 million and $32.3 million , respectively, as of September 29, 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. In August 2017, the FASB issued ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities”. The ASU amends the current hedge accounting model and eliminates the requirement to separately measure and report hedge ineffectiveness and requires the entire change in the fair value of a hedging instrument to be presented in the same income statement line as the hedged item. The ASU also eases certain documentation and assessment requirements and modifies the accounting for components excluded from the assessment of hedge effectiveness. Companies are required to apply amendments to cash flow and net investment hedge relationship using modified retrospective method and apply prospective method for the presentation and disclosure requirements. The ASU is effective for fiscal periods beginning after December 15, 2018 and early adoption is permitted. The Company is currently evaluating the impact of adopting the ASU on its Consolidated Financial Statements and the timing of adoption.

Discontinued Operations (Notes)

Discontinued Operations (Notes)	9 Months Ended
	Sep. 29, 2017
Discontinued Operations [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Discontinued Operations Sale of Fluid Handling Business As discussed previously in Note 1, “General”, the Company entered into the Purchase Agreement to sell its Fluid Handling business to CIRCOR. The sale is expected to close during the three months ending December 31, 2017 , at which time, the Company expects to record a material gain. Included in the gain calculation will be a reduction of the accumulated other comprehensive loss associated with the Fluid Handling business, which was approximately $177 million as of September 29, 2017. The accounting requirements for reporting the divested business as a discontinued operation were met during the three months ended September 29, 2017 . Accordingly, the accompanying Condensed Consolidated Financial Statements for all periods presented reflect the Fluid Handling business as a discontinued operation. The Fluid Handling business had revenues of $343.7 million for the nine months period ended September 29, 2017 and $461.3 million for the year ended December 31, 2016. In connection with the Purchase Agreement, the Company and the Buyer entered into various agreements to provide a framework for their relationship after the disposition, including a transition services agreement. The amounts to be billed for future transition services under the above agreements is not expected to be material to the Company’s results of operations. The key components of income (loss) from discontinued operations for t he three and nine months periods ended September 29, 2017 and September 30, 2016 were as follows: Three Months Ended Nine Month Ended September 29, 2017 September 30, 2016 September 29, 2017 September 30, 2016 (In thousands) Net sales $ 114,524 $ 112,683 $ 343,690 $ 339,951 Cost of sales 77,379 75,590 224,373 225,310 Selling, general and administrative expense (1) 29,353 39,876 90,308 108,696 Divestiture-related expense, net (2) 5,675 — 7,275 — Restructuring and other related items (3) 634 5,407 (7,628 ) 11,319 Operating income (loss) 1,483 (8,190 ) 29,362 (5,374 ) Interest income (4) 88 100 353 365 Income (loss) from discontinued operations before income taxes 1,571 (8,090 ) 29,715 (5,009 ) Income taxes (511 ) 259 7,925 4,201 Income (loss) from discontinued operations, net of taxes $ 2,082 $ (8,349 ) $ 21,790 $ (9,210 ) (1) Pursuant to the Purchase Agreement, the Company will retain its asbestos-related contingencies and insurance coverages. However, as the Company will not retain an interest in the ongoing operations of the business subject to the contingencies, the Company has classified asbestos-related activity in its Condensed Consolidated Statements of Operations as part of Income (loss) from discontinuing operations. See Note 13, “Commitments and Contingencies” for further information. (2) Primarily related to professional and consulting fees associated with due diligence and preparation of regulatory filings, as well as employee benefit arrangements and other disposition-related activities. (3) During the nine months ended September 29, 2017 , the Company recorded a gain of approximately $12 million from the sale of a facility that was previously closed as part of restructuring activities. (4) Interest expense has not been allocated to the discontinued operations. The following table summarizes the major classes of assets and liabilities held for sale that were included in the Company’s Condensed Consolidated Balance Sheets as of September 29, 2017 and December 31, 2016 : September 29, 2017 December 31, 2016 (In thousands) ASSETS HELD FOR SALE Cash and cash equivalents $ 12,036 $ 12,916 Trade receivables, less allowance for doubtful accounts of $11,245 and $12,506 73,864 74,818 Inventories, net 53,283 38,885 Other current assets 24,459 23,656 Property, plant, and equipment, net 73,907 66,474 Goodwill 222,422 212,330 Intangible assets, net 14,516 15,302 Other assets 19,976 12,951 Total assets held for sale 494,463 457,332 Less: current portion 494,463 150,275 Assets held for sale, less current portion $ — $ 307,057 LIABILITIES HELD FOR SALE Accounts payable $ 46,064 $ 43,356 Customer advances and billings in excess of costs incurred 12,773 10,795 Accrued liabilities 34,442 33,032 Other Liabilities 179,128 165,974 Total liabilities held for sale 272,407 253,157 Less: current portion 272,407 87,183 Liabilities held for sale, less current portion $ — $ 165,974 Cash provided by operating activities of discontinued operations for the nine months ended September 29, 2017 was $33.9 million . Cash used in operating activities of discontinued operations for the nine months ended September 30, 2016 was $7.3 million . Cash used in investing activities of discontinued operations was $6.0 million and $2.6 million for the nine months ended September 29, 2017 and nine months ended September 30, 2016 , respectively.

Acquisitions Acquisition (Notes

Acquisitions Acquisition (Notes)	9 Months Ended
	Sep. 29, 2017
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Acquisitions During the nine months ended September 29, 2017 , the Company completed three acquisitions for net cash consideration of approximately $58 million , subject to certain purchase price adjustments. Two of the acquisitions will complement the Fabrication Technology segment and the third the Air and Gas Handling reporting segment. On October 2, 2017 , the Company acquired Siemens Turbomachinery Equipment GmbH (STE) from Siemens AG, for cash consideration of approximately €193 million , subject to purchase price adjustments. The acquisition will be integrated into the Air and Gas Handling reporting segment, broadening the segment’s range of compression solutions and expanding its product offering into smaller steam turbines. For the twelve months ended September 2017, STE had revenues of approximately €145 million .

Net Income Per Share (Text Bloc

Net Income Per Share (Text Block)	9 Months Ended
	Sep. 29, 2017
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Net Income Per Share from Continuing Operations Net income per share from continuing operations was computed as follows: Three Months Ended Nine Months Ended September 29, 2017 September 30, 2016 September 29, 2017 September 30, 2016 (In thousands, except share data) Computation of Net income per share from continuing operations - basic: Net income from continuing operations attributable to Colfax Corporation (1) $ 43,781 $ 36,319 $ 116,010 $ 99,549 Weighted-average shares of Common stock outstanding - basic 123,260,978 122,836,762 123,187,447 122,918,259 Net income per share from continuing operations - basic $ 0.36 $ 0.30 $ 0.94 $ 0.81 Computation of Net income per share from continuing operations - diluted: Net income from continuing operations attributable to Colfax Corporation (1) $ 43,781 $ 36,319 $ 116,010 $ 99,549 Weighted-average shares of Common stock outstanding - basic 123,260,978 122,836,762 123,187,447 122,918,259 Net effect of potentially dilutive securities - stock options and restricted stock units 819,826 265,452 760,315 211,540 Weighted-average shares of Common stock outstanding - diluted 124,080,804 123,102,214 123,947,762 123,129,799 Net income per share from continuing operations - diluted $ 0.35 $ 0.30 $ 0.94 $ 0.81 (1) Net income from continuing operations attributable to Colfax Corporation for the respective periods is calculated using Net income from continuing operations less the income attributable to noncontrolling interest, net of taxes. 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 September 29, 2017 and September 30, 2016 excludes approximately 2.8 million and 5.2 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 nine months ended September 29, 2017 and September 30, 2016 excludes approximately 2.8 million and 5.1 million of outstanding stock-based compensation awards, respectively, as their inclusion would be anti-dilutive.

Income Taxes (Text Block)

Income Taxes (Text Block)	9 Months Ended
	Sep. 29, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes During the three and nine months ended September 29, 2017 , Income from continuing operations before income taxes was $63.4 million and $176.0 million , respectively, while the Provision for income taxes was $13.8 million and $46.1 million , respectively. The effective tax rates were 21.8% and 26.2% for the three and nine months ended September 29, 2017 , respectively. 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 and nine months ended September 29, 2017 includes $1.6 million and $2.3 million of discrete tax benefits, respectively. During the three and nine months ended September 30, 2016 , Income from continuing operations before income taxes was $51.8 million and $152.4 million , respectively, while the Provision for income taxes was $11.3 million and $40.9 million , respectively. The effective tax rates were 21.8% and 26.8% for the three and nine months ended September 30, 2016 , respectively. 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 in part by losses in certain jurisdictions where a tax benefit was not expected to be recognized in 2016 .

Equity (Text Block)

Equity (Text Block)	9 Months Ended
	Sep. 29, 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 nine months ended September 29, 2017 and September 30, 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 (5,414 ) 284,681 117 279,384 Loss on long-term intra-entity foreign currency transactions — (27,855 ) — (27,855 ) Loss on net investment hedges — — (27,737 ) (27,737 ) Unrealized gain on cash flow hedges — — 5,551 5,551 Other comprehensive (loss) income before reclassifications (5,414 ) 256,826 (22,069 ) 229,343 Amounts reclassified from Accumulated other comprehensive loss (1) 5,230 — — 5,230 Net Other comprehensive (loss) income (184 ) 256,826 (22,069 ) 234,573 Balance at September 29, 2017 $ (181,373 ) $ (603,963 ) $ 31,564 $ (753,772 ) 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 370 (161,436 ) 758 (160,308 ) Loss on long-term intra-entity foreign currency transactions — (30,353 ) — (30,353 ) Loss on net investment hedges — — 3,482 3,482 Unrealized gain on cash flow hedges — — 327 327 Other comprehensive income (loss) before reclassifications 370 (191,789 ) 4,567 (186,852 ) Amounts reclassified from Accumulated other comprehensive loss (1) (2) 3,579 2,378 — 5,957 Net Other comprehensive income (loss) 3,949 (189,411 ) 4,567 (180,895 ) Balance at September 30, 2016 $ (189,309 ) $ (718,031 ) $ 39,730 $ (867,610 ) (1) Included in the computation of net periodic benefit cost. See Note 10, “Net Periodic Benefit Cost - Defined Benefit Plans” for additional details. (2) Represents foreign currency translation charges reclassified as a result of the deconsolidation of the Company’s Venezuelan operations which are included in Selling, general and administrative expense for the three and nine months ended September 30, 2016. During the nine months ended September 29, 2017 and September 30, 2016 , Noncontrolling interest increased by $6.2 million and $4.9 million , respectively, as a result of Other comprehensive income, primarily due to foreign currency translation adjustments.

Inventories, Net (Text Block)

Inventories, Net (Text Block)	9 Months Ended
	Sep. 29, 2017
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Inventories, Net Inventories, net consisted of the following: September 29, 2017 December 31, 2016 (In thousands) Raw materials $ 132,599 $ 121,886 Work in process 55,702 55,845 Finished goods 261,270 221,866 449,571 399,597 Less: allowance for excess, slow-moving and obsolete inventory (35,015 ) (34,625 ) Inventories, net $ 414,556 $ 364,972

Debt (Text Block)

Debt (Text Block)	9 Months Ended
	Sep. 29, 2017
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Debt Long-term debt consisted of the following: September 29, 2017 December 31, 2016 (In thousands) Senior unsecured notes $ 408,142 $ — Term loans 633,249 678,286 Trade receivables financing arrangement 52,289 63,399 Revolving credit facilities and other 246,808 550,459 Total Debt 1,340,488 1,292,144 Less: current portion (5,861 ) (5,406 ) Long-term debt $ 1,334,627 $ 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”). As of September 29, 2017 , the weighted-average interest rate of borrowings under the DB Credit Agreement was 2.74% , excluding accretion of original issue discount and deferred financing fees, and there was $1.1 billion available on the revolving credit facility. On April 19, 2017, the Company issued senior unsecured notes with an aggregate principal amount of €350 million (the “Euro Notes”). The Euro Notes are due in April 2025 and have an interest rate of 3.25% . The proceeds from the Euro Notes offering were used to repay borrowings under the DB Credit Agreement and bilateral credit facilities totaling €283.5 million , as well as for general corporate purposes, and are guaranteed by certain of the Company’s domestic subsidiaries (the "Guarantees"). In conjunction with the issuance, the Company recorded $6.0 million of deferred financing fees. The Euro Notes and the Guarantees have not been, and will not be, registered under the Securities Act of 1933, as amended (the "Securities Act"), or the securities laws of any other jurisdiction. As of September 29, 2017 , the Company had an original issue discount of $4.3 million and deferred financing fees of $9.8 million included in its Condensed Consolidated Balance Sheet, which will be accreted to Interest expense, primarily using the effective interest method, over the life of the applicable debt agreements. In addition to the debt agreements discussed above, the Company is party to various bilateral credit facilities with a borrowing capacity of $216.3 million . As of September 29, 2017 , outstanding borrowings under these facilities total $16 million , with a weighted average borrowing rate of 2.18% . The Company is also party to letter of credit facilities with total capacity of $813.3 million . Total letters of credit of $416 million were outstanding as of September 29, 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 September 29, 2017 . As of September 29, 2017 , the total outstanding borrowings under the receivables financing facility were $52.3 million and the interest rate was 2.03% . The scheduled termination date for the receivables financing facility is December 19, 2017 and may be extended from time to time. As of September 29, 2017, the Company is in compliance with the covenants under the DB Credit Agreement.

Accrued Liabilities (Text Block

Accrued Liabilities (Text Block)	9 Months Ended
	Sep. 29, 2017
Accrued Liabilities [Abstract]
Accrued Liabilities Disclosure [Text Block]	Accrued Liabilities Accrued liabilities in the Condensed Consolidated Balance Sheets consisted of the following: September 29, 2017 December 31, 2016 (In thousands) Accrued payroll $ 94,469 $ 87,045 Accrued taxes 44,632 35,429 Accrued asbestos-related liability 53,637 51,166 Warranty liability - current portion 27,649 29,233 Accrued restructuring liability - current portion 3,549 10,783 Accrued third-party commissions 15,843 10,432 Other 96,965 87,238 Accrued liabilities $ 336,744 $ 311,326 Warranty Liability The activity in the Company’s warranty liability consisted of the following: Nine Months Ended September 29, 2017 September 30, 2016 (In thousands) Warranty liability, beginning of period $ 30,222 $ 35,634 Accrued warranty expense 12,845 17,368 Changes in estimates related to pre-existing warranties 850 4,701 Cost of warranty service work performed (17,634 ) (27,429 ) Acquisitions 13 304 Foreign exchange translation effect 1,616 (356 ) Warranty liability, end of period $ 27,912 $ 30,222 Accrued Restructuring Liability The Company’s restructuring programs include a series of 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: Nine Months Ended September 29, 2017 Balance at Beginning of Period Provisions Payments Foreign Currency Translation Balance at End of Period (3) (In thousands) Restructuring and other related charges: Air and Gas Handling : Termination benefits (1) $ 4,855 $ 6,570 $ (9,084 ) $ 318 $ 2,659 Facility closure costs (2) 1,234 2,715 (3,938 ) (7 ) 4 6,089 9,285 (13,022 ) 311 2,663 Fabrication Technology: Termination benefits (1) 3,712 4,396 (7,360 ) 94 842 Facility closure costs (2) 981 5,184 (6,135 ) 14 44 4,693 9,580 (13,495 ) 108 886 Non-cash charges (2) 4,266 13,846 Corporate and Other: Facility closure costs (2) 203 — (148 ) 13 68 203 — (148 ) 13 68 $ 10,985 18,865 $ (26,665 ) $ 432 $ 3,617 Non-cash charges (2) 4,266 $ 23,131 (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. During the nine months ended September 29, 2017 , the Company recorded a $4 million non-cash impairment charge for a facility in our Fabrication Technology segment, that was previously closed as part of restructuring activities. (3) As of September 29, 2017 , $3.5 million and $0.1 million of the Company’s restructuring liability was included in Accrued liabilities and Other liabilities, respectively. On the closing date of the sale of the Fluid Handling business, the Company will transfer all restructuring obligations of the Fluid Handling business to the Buyer, which totaled $2.3 million as of September 29, 2017 and are included in Current liabilities held for sale in the Condensed Consolidated Balance Sheets. See Note 3 - “Discontinued Operations” for further information. The Company expects to incur charges of approximately $22 million during the remainder of 2017 related to its restructuring activities, $3 million of which is expected to be included in discontinued operations.

Net Periodic Benefit Cost-Defin

Net Periodic Benefit Cost-Defined Benefit Plans (Text Block)	9 Months Ended
	Sep. 29, 2017
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	Net Periodic Benefit Cost - Defined Benefit Plans In connection with the planned sale of the Fluid Handling business, the Buyer will assume the liability for all foreign defined benefit plans, a portion of the U.S. defined benefit plan, and certain other postretirement obligations. As of September 29, 2017 , the net pension and other postretirement plan liabilities that are held for sale to the Buyer totaled $170.7 million and are classified within the Current liabilities held for sale caption of the Condensed Consolidated Balance Sheet. Net benefit cost for the Fluid Handling business is included in Net income (loss) from discontinued operations, net of taxes, within the Condensed Consolidated Statements of Income. See Note 3, “Discontinued Operations” for further information. The following table sets forth the components of total net periodic benefit cost (income) of the Company’s defined benefit pension plans and other post-retirement employee benefit plans: Three Months Ended Nine Months Ended September 29, 2017 September 30, 2016 September 29, 2017 September 30, 2016 (In thousands) Pension Benefits - U.S. Plans: Service cost $ 46 $ 48 $ 139 $ 144 Interest cost 3,892 4,352 11,637 13,057 Expected return on plan assets (5,340 ) (6,121 ) (16,019 ) (18,362 ) Amortization 1,623 1,612 4,860 4,846 Net periodic benefit cost (income) $ 221 $ (109 ) $ 617 $ (315 ) Pension Benefits - Non-U.S. Plans: Service cost $ 409 $ 821 $ 2,407 $ 2,512 Interest cost 6,358 7,287 19,537 24,447 Expected return on plan assets (6,994 ) (6,604 ) (20,404 ) (22,804 ) Amortization 1,728 417 3,401 1,261 Net periodic benefit cost $ 1,501 $ 1,921 $ 4,941 $ 5,416 Other Post-Retirement Benefits: Service cost $ 10 $ (2 ) $ 31 $ 29 Interest cost 243 154 728 779 Amortization (101 ) (682 ) (301 ) (554 ) Net periodic benefit cost $ 152 $ (530 ) $ 458 $ 254 Net periodic benefit cost of $2 million and $4.3 million for the three and nine months ended September 29, 2017 , respectively, and $1.0 million and $4.0 million for the three and nine months ended September 30, 2016 , respectively, are included in Income (loss) from discontinued operations.

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements (Text Block)	9 Months Ended
	Sep. 29, 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 $1.3 billion estimated fair value of the Company’s debt as of September 29, 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: September 29, 2017 Level Level Level Total (In thousands) Assets: Cash equivalents $ 20,947 $ — $ — $ 20,947 Foreign currency contracts related to sales - designated as hedges — 4,488 — 4,488 Foreign currency contracts related to sales - not designated as hedges — 1,491 — 1,491 Foreign currency contracts related to purchases - designated as hedges — 668 — 668 Foreign currency contracts related to purchases - not designated as hedges — 178 — 178 Deferred compensation plans — 6,390 — 6,390 $ 20,947 $ 13,215 $ — $ 34,162 Liabilities: Foreign currency contracts related to sales - designated as hedges $ — $ 2,353 $ — $ 2,353 Foreign currency contracts related to sales - not designated as hedges — 492 — 492 Foreign currency contracts related to purchases - designated as hedges — 1,055 — 1,055 Foreign currency contracts related to purchases - not designated as hedges — 563 — 563 Deferred compensation plans — 6,390 — 6,390 $ — $ 10,853 $ — $ 10,853 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 — 1,285 — 1,285 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 $ 11,207 $ — $ 35,810 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 nine months ended September 29, 2017 . Foreign Currency Contracts As of September 29, 2017 and December 31, 2016 , the Company had foreign currency contracts with the following notional values: September 29, 2017 December 31, 2016 (In thousands) Foreign currency contracts sold - not designated as hedges $ 123,617 $ 85,542 Foreign currency contracts sold - designated as hedges 178,585 215,086 Foreign currency contracts purchased - not designated as hedges 44,736 40,127 Foreign currency contracts purchased - designated as hedges 61,497 84,604 Total foreign currency derivatives $ 408,435 $ 425,359 The Company recognized the following in its Condensed Consolidated Financial Statements related to its derivative instruments: Three Months Ended Nine Months Ended September 29, 2017 September 30, 2016 September 29, 2017 September 30, 2016 (In thousands) Contracts Designated as Hedges: Foreign Currency Contracts - related to customer sales contracts: Unrealized gain (loss) $ 798 $ (362 ) $ 3,515 $ 496 Realized gain (loss) 323 297 1,950 (2,075 ) Foreign Currency Contracts - related to supplier purchase contracts: Unrealized gain (loss) 306 403 945 (838 ) Realized (loss) gain (1,022 ) (207 ) (2,036 ) 2,504 Unrealized (loss) gain on net investment hedges (1) (8,308 ) 9,187 (27,737 ) 3,482 Contracts Not Designated in a Hedge Relationship: Foreign Currency Contracts - related to customer sales contracts: Unrealized (loss) gain (289 ) 157 (29 ) 777 Realized (loss) gain (737 ) (521 ) 853 (684 ) Foreign Currency Contracts - related to supplier purchases contracts: Unrealized (loss) gain (104 ) (42 ) 500 (558 ) Realized gain (loss) 498 (360 ) 243 (621 ) (1) The unrealized (loss) gain on net investment hedges is attributable to the change in valuation of Euro denominated debt.

Commitments and Contingencies (

Commitments and Contingencies (Text Block)	9 Months Ended
	Sep. 29, 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. Because the Company will not retain an interest in the ongoing operations of the businesses subject to the asbestos contingencies, the Company has classified asbestos-related activity in its Condensed Consolidated Statements of Operations as a component of Income (loss) from discontinuing operations. Asbestos Contingencies Claims activity since December 31 related to asbestos claims is as follows (1) : Nine Months Ended September 29, 2017 September 30, 2016 (Number of claims) Claims unresolved, beginning of period 20,567 20,583 Claims filed (2) 3,450 4,022 Claims resolved (3) (6,414 ) (3,092 ) Claims unresolved, end of period 17,603 21,513 (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: September 29, 2017 December 31, 2016 (In thousands) Long-term asbestos insurance asset (1) $ 275,109 $ 293,289 Long-term asbestos insurance receivable (1) 79,417 92,269 Accrued asbestos liability (2) 53,637 51,166 Long-term asbestos liability (3) 308,995 330,194 (1) Included in Other assets in the Condensed Consolidated Balance Sheets. (2) Represents current accruals for probable and reasonably estimable asbestos-related liability costs that the Company believes the subsidiaries will pay, 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 a total of $30.5 million of previously unreimbursed costs funded by the Company in defense and settlement of asbestos claims from insurance companies during the nine months ended September 29, 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)	9 Months Ended
	Sep. 29, 2017
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Segment Information Prior to the Purchase Agreement Date, the Company conducted its operations through three operating segments: Air and Gas Handling, Fluid Handling and Fabrication Technology. The Gas Handling and Fluid Handling operating segments were aggregated into a single reportable segment. Subsequent to the Purchase Agreement Date, the Company now conducts its continuing operations through the Air and Gas Handling and Fabrication Technology segments, which also represent the Company’s reportable segments. ▪ Air and Gas Handling - a global supplier of centrifugal and axial fans, rotary heat exchangers, gas compressors, ventilation control systems and software, and aftermarket services; and ▪ Fabrication Technology - a global supplier of welding equipment, cutting equipment, automated welding and cutting systems, and consumables. 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 Nine Months Ended September 29, 2017 September 30, 2016 September 29, 2017 September 30, 2016 (In thousands) Net sales: Air and Gas Handling $ 362,310 $ 320,436 $ 989,044 $ 1,009,598 Fabrication Technology 482,199 446,085 1,437,057 1,363,747 $ 844,509 $ 766,521 $ 2,426,101 $ 2,373,345 Segment operating income (loss) (1) : Air and Gas Handling $ 40,234 $ 32,331 $ 97,570 $ 102,577 Fabrication Technology 56,232 48,074 172,696 148,430 Corporate and other (14,402 ) (9,942 ) (42,024 ) (35,587 ) $ 82,064 $ 70,463 $ 228,242 $ 215,420 (1) The following is a reconciliation of Income from continuing operations before income taxes to segment operating income: Three Months Ended Nine Months Ended September 29, 2017 September 30, 2016 September 29, 2017 September 30, 2016 (In thousands) Income from continuing operations before income taxes $ 63,438 $ 51,819 $ 176,005 $ 152,434 Interest expense 11,328 6,892 29,106 24,988 Restructuring and other related charges 7,298 11,752 23,131 37,998 Segment operating income $ 82,064 $ 70,463 $ 228,242 $ 215,420

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 29, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Groups, Including Discontinued Operations [Table Text Block]	The key components of income (loss) from discontinued operations for t he three and nine months periods ended September 29, 2017 and September 30, 2016 were as follows: Three Months Ended Nine Month Ended September 29, 2017 September 30, 2016 September 29, 2017 September 30, 2016 (In thousands) Net sales $ 114,524 $ 112,683 $ 343,690 $ 339,951 Cost of sales 77,379 75,590 224,373 225,310 Selling, general and administrative expense (1) 29,353 39,876 90,308 108,696 Divestiture-related expense, net (2) 5,675 — 7,275 — Restructuring and other related items (3) 634 5,407 (7,628 ) 11,319 Operating income (loss) 1,483 (8,190 ) 29,362 (5,374 ) Interest income (4) 88 100 353 365 Income (loss) from discontinued operations before income taxes 1,571 (8,090 ) 29,715 (5,009 ) Income taxes (511 ) 259 7,925 4,201 Income (loss) from discontinued operations, net of taxes $ 2,082 $ (8,349 ) $ 21,790 $ (9,210 ) (1) Pursuant to the Purchase Agreement, the Company will retain its asbestos-related contingencies and insurance coverages. However, as the Company will not retain an interest in the ongoing operations of the business subject to the contingencies, the Company has classified asbestos-related activity in its Condensed Consolidated Statements of Operations as part of Income (loss) from discontinuing operations. See Note 13, “Commitments and Contingencies” for further information. (2) Primarily related to professional and consulting fees associated with due diligence and preparation of regulatory filings, as well as employee benefit arrangements and other disposition-related activities. (3) During the nine months ended September 29, 2017 , the Company recorded a gain of approximately $12 million from the sale of a facility that was previously closed as part of restructuring activities. (4) Interest expense has not been allocated to the discontinued operations. The following table summarizes the major classes of assets and liabilities held for sale that were included in the Company’s Condensed Consolidated Balance Sheets as of September 29, 2017 and December 31, 2016 : September 29, 2017 December 31, 2016 (In thousands) ASSETS HELD FOR SALE Cash and cash equivalents $ 12,036 $ 12,916 Trade receivables, less allowance for doubtful accounts of $11,245 and $12,506 73,864 74,818 Inventories, net 53,283 38,885 Other current assets 24,459 23,656 Property, plant, and equipment, net 73,907 66,474 Goodwill 222,422 212,330 Intangible assets, net 14,516 15,302 Other assets 19,976 12,951 Total assets held for sale 494,463 457,332 Less: current portion 494,463 150,275 Assets held for sale, less current portion $ — $ 307,057 LIABILITIES HELD FOR SALE Accounts payable $ 46,064 $ 43,356 Customer advances and billings in excess of costs incurred 12,773 10,795 Accrued liabilities 34,442 33,032 Other Liabilities 179,128 165,974 Total liabilities held for sale 272,407 253,157 Less: current portion 272,407 87,183 Liabilities held for sale, less current portion $ — $ 165,974

Net Income Per Share (Tables)

Net Income Per Share (Tables)	9 Months Ended
	Sep. 29, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share - Basic and Diluted [Table Text Block]	Net income per share from continuing operations was computed as follows: Three Months Ended Nine Months Ended September 29, 2017 September 30, 2016 September 29, 2017 September 30, 2016 (In thousands, except share data) Computation of Net income per share from continuing operations - basic: Net income from continuing operations attributable to Colfax Corporation (1) $ 43,781 $ 36,319 $ 116,010 $ 99,549 Weighted-average shares of Common stock outstanding - basic 123,260,978 122,836,762 123,187,447 122,918,259 Net income per share from continuing operations - basic $ 0.36 $ 0.30 $ 0.94 $ 0.81 Computation of Net income per share from continuing operations - diluted: Net income from continuing operations attributable to Colfax Corporation (1) $ 43,781 $ 36,319 $ 116,010 $ 99,549 Weighted-average shares of Common stock outstanding - basic 123,260,978 122,836,762 123,187,447 122,918,259 Net effect of potentially dilutive securities - stock options and restricted stock units 819,826 265,452 760,315 211,540 Weighted-average shares of Common stock outstanding - diluted 124,080,804 123,102,214 123,947,762 123,129,799 Net income per share from continuing operations - diluted $ 0.35 $ 0.30 $ 0.94 $ 0.81 (1) Net income from continuing operations attributable to Colfax Corporation for the respective periods is calculated using Net income from continuing operations less the income attributable to noncontrolling interest, net of taxes.

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 29, 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 nine months ended September 29, 2017 and September 30, 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 (5,414 ) 284,681 117 279,384 Loss on long-term intra-entity foreign currency transactions — (27,855 ) — (27,855 ) Loss on net investment hedges — — (27,737 ) (27,737 ) Unrealized gain on cash flow hedges — — 5,551 5,551 Other comprehensive (loss) income before reclassifications (5,414 ) 256,826 (22,069 ) 229,343 Amounts reclassified from Accumulated other comprehensive loss (1) 5,230 — — 5,230 Net Other comprehensive (loss) income (184 ) 256,826 (22,069 ) 234,573 Balance at September 29, 2017 $ (181,373 ) $ (603,963 ) $ 31,564 $ (753,772 ) 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 370 (161,436 ) 758 (160,308 ) Loss on long-term intra-entity foreign currency transactions — (30,353 ) — (30,353 ) Loss on net investment hedges — — 3,482 3,482 Unrealized gain on cash flow hedges — — 327 327 Other comprehensive income (loss) before reclassifications 370 (191,789 ) 4,567 (186,852 ) Amounts reclassified from Accumulated other comprehensive loss (1) (2) 3,579 2,378 — 5,957 Net Other comprehensive income (loss) 3,949 (189,411 ) 4,567 (180,895 ) Balance at September 30, 2016 $ (189,309 ) $ (718,031 ) $ 39,730 $ (867,610 ) (1) Included in the computation of net periodic benefit cost. See Note 10, “Net Periodic Benefit Cost - Defined Benefit Plans” for additional details. (2) Represents foreign currency translation charges reclassified as a result of the deconsolidation of the Company’s Venezuelan operations which are included in Selling, general and administrative expense for the three and nine months ended September 30, 2016.

Inventories, Net (Tables)

Inventories, Net (Tables)	9 Months Ended
	Sep. 29, 2017
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories, net consisted of the following: September 29, 2017 December 31, 2016 (In thousands) Raw materials $ 132,599 $ 121,886 Work in process 55,702 55,845 Finished goods 261,270 221,866 449,571 399,597 Less: allowance for excess, slow-moving and obsolete inventory (35,015 ) (34,625 ) Inventories, net $ 414,556 $ 364,972

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 29, 2017
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Long-term debt consisted of the following: September 29, 2017 December 31, 2016 (In thousands) Senior unsecured notes $ 408,142 $ — Term loans 633,249 678,286 Trade receivables financing arrangement 52,289 63,399 Revolving credit facilities and other 246,808 550,459 Total Debt 1,340,488 1,292,144 Less: current portion (5,861 ) (5,406 ) Long-term debt $ 1,334,627 $ 1,286,738

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Sep. 29, 2017
Accrued Liabilities [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	Accrued liabilities in the Condensed Consolidated Balance Sheets consisted of the following: September 29, 2017 December 31, 2016 (In thousands) Accrued payroll $ 94,469 $ 87,045 Accrued taxes 44,632 35,429 Accrued asbestos-related liability 53,637 51,166 Warranty liability - current portion 27,649 29,233 Accrued restructuring liability - current portion 3,549 10,783 Accrued third-party commissions 15,843 10,432 Other 96,965 87,238 Accrued liabilities $ 336,744 $ 311,326
Schedule of Product Warranty Liability [Table Text Block]	The activity in the Company’s warranty liability consisted of the following: Nine Months Ended September 29, 2017 September 30, 2016 (In thousands) Warranty liability, beginning of period $ 30,222 $ 35,634 Accrued warranty expense 12,845 17,368 Changes in estimates related to pre-existing warranties 850 4,701 Cost of warranty service work performed (17,634 ) (27,429 ) Acquisitions 13 304 Foreign exchange translation effect 1,616 (356 ) Warranty liability, end of period $ 27,912 $ 30,222
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: Nine Months Ended September 29, 2017 Balance at Beginning of Period Provisions Payments Foreign Currency Translation Balance at End of Period (3) (In thousands) Restructuring and other related charges: Air and Gas Handling : Termination benefits (1) $ 4,855 $ 6,570 $ (9,084 ) $ 318 $ 2,659 Facility closure costs (2) 1,234 2,715 (3,938 ) (7 ) 4 6,089 9,285 (13,022 ) 311 2,663 Fabrication Technology: Termination benefits (1) 3,712 4,396 (7,360 ) 94 842 Facility closure costs (2) 981 5,184 (6,135 ) 14 44 4,693 9,580 (13,495 ) 108 886 Non-cash charges (2) 4,266 13,846 Corporate and Other: Facility closure costs (2) 203 — (148 ) 13 68 203 — (148 ) 13 68 $ 10,985 18,865 $ (26,665 ) $ 432 $ 3,617 Non-cash charges (2) 4,266 $ 23,131 (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. During the nine months ended September 29, 2017 , the Company recorded a $4 million non-cash impairment charge for a facility in our Fabrication Technology segment, that was previously closed as part of restructuring activities. (3) As of September 29, 2017 , $3.5 million and $0.1 million of the Company’s restructuring liability was included in Accrued liabilities and Other liabilities, respectively.

Net Periodic Benefit Cost-Def30

Net Periodic Benefit Cost-Defined Benefit Plans (Tables)	9 Months Ended
	Sep. 29, 2017
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs [Table Text Block]	The following table sets forth the components of total net periodic benefit cost (income) of the Company’s defined benefit pension plans and other post-retirement employee benefit plans: Three Months Ended Nine Months Ended September 29, 2017 September 30, 2016 September 29, 2017 September 30, 2016 (In thousands) Pension Benefits - U.S. Plans: Service cost $ 46 $ 48 $ 139 $ 144 Interest cost 3,892 4,352 11,637 13,057 Expected return on plan assets (5,340 ) (6,121 ) (16,019 ) (18,362 ) Amortization 1,623 1,612 4,860 4,846 Net periodic benefit cost (income) $ 221 $ (109 ) $ 617 $ (315 ) Pension Benefits - Non-U.S. Plans: Service cost $ 409 $ 821 $ 2,407 $ 2,512 Interest cost 6,358 7,287 19,537 24,447 Expected return on plan assets (6,994 ) (6,604 ) (20,404 ) (22,804 ) Amortization 1,728 417 3,401 1,261 Net periodic benefit cost $ 1,501 $ 1,921 $ 4,941 $ 5,416 Other Post-Retirement Benefits: Service cost $ 10 $ (2 ) $ 31 $ 29 Interest cost 243 154 728 779 Amortization (101 ) (682 ) (301 ) (554 ) Net periodic benefit cost $ 152 $ (530 ) $ 458 $ 254 Net periodic benefit cost of $2 million and $4.3 million for the three and nine months ended September 29, 2017 , respectively, and $1.0 million and $4.0 million for the three and nine months ended September 30, 2016 , respectively, are included in Income (loss) from discontinued operations.

Financial Instruments and Fai31

Financial Instruments and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 29, 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: September 29, 2017 Level Level Level Total (In thousands) Assets: Cash equivalents $ 20,947 $ — $ — $ 20,947 Foreign currency contracts related to sales - designated as hedges — 4,488 — 4,488 Foreign currency contracts related to sales - not designated as hedges — 1,491 — 1,491 Foreign currency contracts related to purchases - designated as hedges — 668 — 668 Foreign currency contracts related to purchases - not designated as hedges — 178 — 178 Deferred compensation plans — 6,390 — 6,390 $ 20,947 $ 13,215 $ — $ 34,162 Liabilities: Foreign currency contracts related to sales - designated as hedges $ — $ 2,353 $ — $ 2,353 Foreign currency contracts related to sales - not designated as hedges — 492 — 492 Foreign currency contracts related to purchases - designated as hedges — 1,055 — 1,055 Foreign currency contracts related to purchases - not designated as hedges — 563 — 563 Deferred compensation plans — 6,390 — 6,390 $ — $ 10,853 $ — $ 10,853 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 — 1,285 — 1,285 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 $ 11,207 $ — $ 35,810 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 nine months ended September 29, 2017 .
Schedule of Foreign Exchange Contracts, Notional Values	As of September 29, 2017 and December 31, 2016 , the Company had foreign currency contracts with the following notional values: September 29, 2017 December 31, 2016 (In thousands) Foreign currency contracts sold - not designated as hedges $ 123,617 $ 85,542 Foreign currency contracts sold - designated as hedges 178,585 215,086 Foreign currency contracts purchased - not designated as hedges 44,736 40,127 Foreign currency contracts purchased - designated as hedges 61,497 84,604 Total foreign currency derivatives $ 408,435 $ 425,359
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 Nine Months Ended September 29, 2017 September 30, 2016 September 29, 2017 September 30, 2016 (In thousands) Contracts Designated as Hedges: Foreign Currency Contracts - related to customer sales contracts: Unrealized gain (loss) $ 798 $ (362 ) $ 3,515 $ 496 Realized gain (loss) 323 297 1,950 (2,075 ) Foreign Currency Contracts - related to supplier purchase contracts: Unrealized gain (loss) 306 403 945 (838 ) Realized (loss) gain (1,022 ) (207 ) (2,036 ) 2,504 Unrealized (loss) gain on net investment hedges (1) (8,308 ) 9,187 (27,737 ) 3,482 Contracts Not Designated in a Hedge Relationship: Foreign Currency Contracts - related to customer sales contracts: Unrealized (loss) gain (289 ) 157 (29 ) 777 Realized (loss) gain (737 ) (521 ) 853 (684 ) Foreign Currency Contracts - related to supplier purchases contracts: Unrealized (loss) gain (104 ) (42 ) 500 (558 ) Realized gain (loss) 498 (360 ) 243 (621 ) (1) The unrealized (loss) gain on net investment hedges is attributable to the change in valuation of Euro denominated debt.

Commitments and Contingencies32

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 29, 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) : Nine Months Ended September 29, 2017 September 30, 2016 (Number of claims) Claims unresolved, beginning of period 20,567 20,583 Claims filed (2) 3,450 4,022 Claims resolved (3) (6,414 ) (3,092 ) Claims unresolved, end of period 17,603 21,513 (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: September 29, 2017 December 31, 2016 (In thousands) Long-term asbestos insurance asset (1) $ 275,109 $ 293,289 Long-term asbestos insurance receivable (1) 79,417 92,269 Accrued asbestos liability (2) 53,637 51,166 Long-term asbestos liability (3) 308,995 330,194 (1) Included in Other assets in the Condensed Consolidated Balance Sheets. (2) Represents current accruals for probable and reasonably estimable asbestos-related liability costs that the Company believes the subsidiaries will pay, 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)	9 Months Ended
	Sep. 29, 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 Nine Months Ended September 29, 2017 September 30, 2016 September 29, 2017 September 30, 2016 (In thousands) Net sales: Air and Gas Handling $ 362,310 $ 320,436 $ 989,044 $ 1,009,598 Fabrication Technology 482,199 446,085 1,437,057 1,363,747 $ 844,509 $ 766,521 $ 2,426,101 $ 2,373,345 Segment operating income (loss) (1) : Air and Gas Handling $ 40,234 $ 32,331 $ 97,570 $ 102,577 Fabrication Technology 56,232 48,074 172,696 148,430 Corporate and other (14,402 ) (9,942 ) (42,024 ) (35,587 ) $ 82,064 $ 70,463 $ 228,242 $ 215,420 (1) The following is a reconciliation of Income from continuing operations before income taxes to segment operating income: Three Months Ended Nine Months Ended September 29, 2017 September 30, 2016 September 29, 2017 September 30, 2016 (In thousands) Income from continuing operations before income taxes $ 63,438 $ 51,819 $ 176,005 $ 152,434 Interest expense 11,328 6,892 29,106 24,988 Restructuring and other related charges 7,298 11,752 23,131 37,998 Segment operating income $ 82,064 $ 70,463 $ 228,242 $ 215,420

General Disposal Group, Includi

General Disposal Group, Including Discontinued Operation, Consideration (Details) shares in Millions, $ in Millions	Sep. 24, 2017USD ($)shares
Discontinued Operations and Disposal Groups [Abstract]
Disposal Group, Including Discontinued Operation, Consideration	$ 860
Cash Consideration	$ 542
Stock Consideration Shares | shares	3.3

General Accounting Error and Ch

General Accounting Error and Changes (Details)	12 Months Ended
	Dec. 31, 2016
Accounting Changes and Error Corrections [Abstract]
Error Corrections and Prior Period Adjustments, Description	During the three months ended September 29, 2017, the Company identified specific intercompany amounts within the Fabrication Technology segment that were incorrectly reported in Total assets and Total liabilities of the Consolidated Balance Sheet as of December 31, 2016. As a result, the Company has adjusted its Consolidated Balance Sheet as of December 31, 2016 as presented herein to reduce Other current assets and Accounts payable by $47.0 million

Recently Issued Accounting Pr36

Recently Issued Accounting Pronouncements Details Textual (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2017	Dec. 31, 2016
Cumulative effect of accounting change	$ 9,989
Capitalized Computer Software, Net	27,600	$ 32,300
Accounting Standards Update 2016-09 [Member]
Cumulative effect of accounting change	$ 10,000

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
		Sep. 29, 2017	Sep. 30, 2016	Sep. 29, 2017	Sep. 30, 2016	Dec. 31, 2016
Disposal Group, Including Discontinued Operations, Statement of Income
Net sales		$ 114,524	$ 112,683	$ 343,690	$ 339,951
Cost of sales		77,379	75,590	224,373	225,310
Selling, general and administrative expense	[1]	29,353	39,876	90,308	108,696
Divestiture-related expense, net	[2]	5,675	0	7,275	0
Restructuring and other related items	[3]	634	5,407	(7,628)	11,319
Operating income (loss)		1,483	(8,190)	29,362	(5,374)
Interest income	[4]	88	100	353	365
Income (loss) from discontinued operations before income taxes		1,571	(8,090)	29,715	(5,009)
Income taxes		(511)	259	7,925	4,201
Income (loss) from discontinued operations, net of taxes		2,082	$ (8,349)	21,790	(9,210)
Disposal Group, Including Discontinued Operation, Balance Sheet [Abstract]
Cash and cash equivalents		12,036		12,036		$ 12,916
Trade receivables, less allowance for doubtful accounts of $11,245 and $12,506		73,864		73,864		74,818
Inventories, net		53,283		53,283		38,885
Other current assets		24,459		24,459		23,656
Property, plant, and equipment, net		73,907		73,907		66,474
Goodwill		222,422		222,422		212,330
Intangible assets, net		14,516		14,516		15,302
Other Assets		19,976		19,976		12,951
Total assets held for sale		494,463		494,463		457,332
Less: current portion		494,463		494,463		150,275
Assets held for sale, less current portion		0		0		307,057
Accounts payable		46,064		46,064		43,356
Customer advances and billings in excess of costs incurred		12,773		12,773		10,795
Accrued liabilities		34,442		34,442		33,032
Other Liabilities		179,128		179,128		165,974
Total liabilities held for sale		272,407		272,407		253,157
Less: current portion		272,407		272,407		87,183
Liabilities held for sale, less current portion		0		0		165,974
DIsposal Group, Annual Revenue						$ 461,300
Disposal Group, Including Discontinued Operation, Additional Disclosures [Abstract]
Accumulated Other Comprehensive Loss, Discontinued Operations		$ 177,000		177,000
Gain (Loss) on Disposition of Assets				12,000
Cash Provided by (Used in) Operating Activities, Discontinued Operations				33,900	7,300
Cash Provided by (Used in) Investing Activities, Discontinued Operations				$ 6,000	$ 2,600
[1]	Pursuant to the Purchase Agreement, the Company will retain its asbestos-related contingencies and insurance coverages. However, as the Company will not retain an interest in the ongoing operations of the business subject to the contingencies, the Company has classified asbestos-related activity in its Condensed Consolidated Statements of Operations as part of Income (loss) from discontinuing operations. See Note 13, “Commitments and Contingencies” for further information.
[2]	Primarily related to professional and consulting fees associated with due diligence and preparation of regulatory filings, as well as employee benefit arrangements and other disposition-related activities.
[3]	During the nine months ended September 29, 2017, the Company recorded a gain of approximately $12 million from the sale of a facility that was previously closed as part of restructuring activities.
[4]	Interest expense has not been allocated to the discontinued operations.

Acquisitions Acquisition (Detai

Acquisitions Acquisition (Details) € in Millions, $ in Millions	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 29, 2017EUR (€)	Sep. 29, 2017USD ($)	Sep. 29, 2017EUR (€)
Business Combination, Consideration Transferred | $		$ 58
Air and Gas [Member]
Business Combination, Consideration Transferred	€ 193
Business Acquisition, Revenue Reported by Acquired Entity for Last Annual Period			€ 145

Net Income Per Share (Details)

Net Income Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 29, 2017	Sep. 30, 2016	Sep. 29, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
Net income from continuing operations attributable to Colfax Corporation	[1]	$ 43,781	$ 36,319	$ 116,010	$ 99,549
Weighted-average shares of Common stock outstanding - basic		123,260,978	122,836,762	123,187,447	122,918,259
Net income per share from continuing operations - basic		$ 0.36	$ 0.30	$ 0.94	$ 0.81
Net effect of potentially dilutive securities - stock options and restricted stock units		819,826	265,452	760,315	211,540
Weighted-average shares of Common stock outstanding - diluted		124,080,804	123,102,214	123,947,762	123,129,799
Net income per share from continuing operations - diluted		$ 0.35	$ 0.30	$ 0.94	$ 0.81
[1]	Net income from continuing operations attributable to Colfax Corporation for the respective periods is calculated using Net income from continuing operations less the income attributable to noncontrolling interest, net of taxes.

Net Income Per Share (Details T

Net Income Per Share (Details Textual) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 29, 2017	Sep. 30, 2016	Sep. 29, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2.8	5.2	2.8	5.1

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2017	Sep. 30, 2016	Sep. 29, 2017	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income from continuing operations before income taxes	$ 63,438	$ 51,819	$ 176,005	$ 152,434
Provision for income taxes	$ 13,816	$ 11,271	$ 46,128	$ 40,852
Effective Income Tax Rate, Continuing Operations	21.80%	21.80%	26.20%	26.80%
Discrete tax benefit	$ 1,600		$ 2,300

Equity (Details - AOCI Componen

Equity (Details - AOCI Components) - USD ($) $ in Thousands		9 Months Ended
		Sep. 29, 2017	Sep. 30, 2016
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance		$ (988,345)	$ (686,715)
Foreign currency translation adjustment		279,384	(160,308)
Loss on long-term intra-entity foreign currency transactions		(27,855)	(30,353)
Loss on net investment hedges		(27,737)	3,482
Unrealized gain on cash flow hedges		5,551	327
Other comprehensive income (loss) before reclassifications		229,343	(186,852)
Amounts reclassified from Accumulated other comprehensive loss	[1]	5,230	5,957	[2]
Net current period other comprehensive income (loss)		234,573	(180,895)
Ending balance		(753,772)	(867,610)
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		(5,414)	370
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		(5,414)	370
Amounts reclassified from Accumulated other comprehensive loss	[1]	5,230	3,579
Net current period other comprehensive income (loss)		(184)	3,949
Ending balance		(181,373)	(189,309)
Foreign Currency Translation Adjustment [Member]
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance		(860,789)	(528,620)
Foreign currency translation adjustment		284,681	(161,436)
Loss on long-term intra-entity foreign currency transactions		(27,855)	(30,353)
Loss on net investment hedges		0	0
Unrealized gain on cash flow hedges		0	0
Other comprehensive income (loss) before reclassifications		256,826	(191,789)
Amounts reclassified from Accumulated other comprehensive loss		0	2,378	[2]
Net current period other comprehensive income (loss)		256,826	(189,411)
Ending balance		(603,963)	(718,031)
Unrealized Gain On Hedging Activities [Member]
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance		53,633	35,163
Foreign currency translation adjustment		117	758
Loss on long-term intra-entity foreign currency transactions		0	0
Loss on net investment hedges		(27,737)	3,482
Unrealized gain on cash flow hedges		5,551	327
Other comprehensive income (loss) before reclassifications		(22,069)	4,567
Amounts reclassified from Accumulated other comprehensive loss		0	0
Net current period other comprehensive income (loss)		(22,069)	4,567
Ending balance		$ 31,564	$ 39,730
[1]	Included in the computation of net periodic benefit cost. See Note 10, “Net Periodic Benefit Cost - Defined Benefit Plans” for additional details.
[2]	Represents foreign currency translation charges reclassified as a result of the deconsolidation of the Company’s Venezuelan operations which are included in Selling, general and administrative expense for the three and nine months ended September 30, 2016.

Equity Textuals (Details)

Equity Textuals (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 29, 2017	Sep. 30, 2016
Equity [Abstract]
Other Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	$ 6.2	$ 4.9

Inventories, Net (Details)

Inventories, Net (Details) - USD ($) $ in Thousands	Sep. 29, 2017	Dec. 31, 2016
Inventory Disclosure [Abstract]
Raw materials	$ 132,599	$ 121,886
Work in process	55,702	55,845
Finished goods	261,270	221,866
Inventory, gross	449,571	399,597
Less: allowance for excess, slow-moving and obsolete inventory	(35,015)	(34,625)
Inventories, net	$ 414,556	$ 364,972

Debt Components (Details)

Debt Components (Details) - USD ($) $ in Thousands	Sep. 29, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Total Debt	$ 1,340,488	$ 1,292,144
Less: current portion	(5,861)	(5,406)
Long-term debt	1,334,627	1,286,738
Senior unsecured notes [Member]
Debt Instrument [Line Items]
Total Debt	408,142	0
Term Debt [Member]
Debt Instrument [Line Items]
Total Debt	633,249	678,286
Trade receivables financing arrangement [Member]
Debt Instrument [Line Items]
Total Debt	52,289	63,399
Revolving credit facilities and other [Member]
Debt Instrument [Line Items]
Total Debt	$ 246,808	$ 550,459

Debt (Details Textual)

Debt (Details Textual) $ in Thousands, € in Millions	Apr. 19, 2017EUR (€)	Sep. 29, 2017USD ($)	Sep. 30, 2016USD ($)	Apr. 19, 2017USD ($)
Debt discount		$ 4,300
Deferred Finance Costs, Net		9,800
Proceeds from borrowings on senior unsecured notes		374,450	$ 0
Repayments of Debt | €	€ 283.5
Letter of Credit Subfacility, Maximum Borrowing Capacity		813,300
Letters of Credit, Amount Outstanding		$ 416,000
Debt Instrument, Covenant Compliance		As of September 29, 2017, the Company is in compliance with the covenants under the DB Credit Agreement.
DB credit agreement [Member]
Long-term Debt, Weighted Average Interest Rate		2.74%
Line of Credit Facility, Remaining Borrowing Capacity		$ 1,100,000
Senior unsecured notes [Member]
Deferred Finance Costs, Net				$ 6,000
Proceeds from borrowings on senior unsecured notes | €	€ 350
Euro Bond Coupon Rate		3.25%
Bilateral agreements [Member]
Long-term Debt, Weighted Average Interest Rate		2.18%
Line of Credit Facility, Maximum Borrowing Capacity		$ 216,300
Outstanding borrowings		$ 16,000
Trade receivables financing arrangement [Member]
Long-term Debt, Weighted Average Interest Rate		2.03%
Secured Debt, Maximum Borrowing Capacity		$ 80,000
Trade receivables financing arrangement, outstanding borrowings		$ 52,300

Accrued Liabilities Chart (Deta

Accrued Liabilities Chart (Details) - USD ($) $ in Thousands		Sep. 29, 2017	Dec. 31, 2016
Accrued Liabilities [Abstract]
Accrued payroll		$ 94,469	$ 87,045
Accrued taxes		44,632	35,429
Accrued asbestos-related liability	[1]	53,637	51,166
Warranty liability - current portion		27,649	29,233
Accrued restructuring liability - current portion		3,549	10,783
Accrued third-party commissions		15,843	10,432
Other		96,965	87,238
Accrued liabilities		$ 336,744	$ 311,326
[1]	Represents current accruals for probable and reasonably estimable asbestos-related liability costs that the Company believes the subsidiaries will pay, 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	9 Months Ended
	Sep. 29, 2017	Sep. 30, 2016
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty liability, beginning of period	$ 30,222	$ 35,634
Accrued warranty expense	12,845	17,368
Changes in estimates related to pre-existing warranties	850	4,701
Cost of warranty service work performed	(17,634)	(27,429)
Acquisitions	13	304
Foreign exchange translation effect	1,616	(356)
Warranty liability, end of period	$ 27,912	$ 30,222

Restructuring Rollforward (Deta

Restructuring Rollforward (Details) $ in Thousands	9 Months Ended
	Sep. 29, 2017USD ($)
Balance at Beginning of Period	$ 10,985
Provisions	23,131
Payments	(26,665)
Foreign Currency Translation	432
Balance at End of Period	3,617	[1]
Restructuring Provisions before Non-Cash Charges	18,865
Non cash impairment restructuring provisions	4,266	[2]
Air and Gas Handling
Balance at Beginning of Period	6,089
Provisions	9,285
Payments	(13,022)
Foreign Currency Translation	311
Balance at End of Period	2,663
Fabrication Technology
Balance at Beginning of Period	4,693
Provisions	13,846
Payments	(13,495)
Foreign Currency Translation	108
Balance at End of Period	886
Restructuring Provisions before Non-Cash Charges	9,580
Non cash impairment restructuring provisions	4,266	[2]
Corporate and other
Balance at Beginning of Period	203
Provisions	0
Payments	(148)
Foreign Currency Translation	13
Balance at End of Period	68
Termination benefits [Member] | Air and Gas Handling
Balance at Beginning of Period	4,855	[3]
Provisions	6,570	[3]
Payments	(9,084)	[3]
Foreign Currency Translation	318	[3]
Balance at End of Period	2,659	[3]
Termination benefits [Member] | Fabrication Technology
Balance at Beginning of Period	3,712	[3]
Provisions	4,396	[3]
Payments	(7,360)	[3]
Foreign Currency Translation	94	[3]
Balance at End of Period	842	[3]
Facility closure costs [Member] | Air and Gas Handling
Balance at Beginning of Period	1,234	[2]
Provisions	2,715	[2]
Payments	(3,938)	[2]
Foreign Currency Translation	(7)	[2]
Balance at End of Period	4	[2]
Facility closure costs [Member] | Fabrication Technology
Balance at Beginning of Period	981	[2]
Provisions	5,184	[2]
Payments	(6,135)	[2]
Foreign Currency Translation	14	[2]
Balance at End of Period	44	[2]
Facility closure costs [Member] | Corporate and other
Balance at Beginning of Period	203	[2]
Provisions	0	[2]
Payments	(148)	[2]
Foreign Currency Translation	13	[2]
Balance at End of Period	$ 68	[2]
[1]	As of September 29, 2017, $3.5 million and $0.1 million of the Company’s restructuring liability was included in Accrued liabilities and Other liabilities, respectively.
[2]	Includes the cost of relocating associates, relocating equipment and lease termination expense in connection with the closure of facilities. During the nine months ended September 29, 2017, the Company recorded a $4 million non-cash impairment charge for a facility in our Fabrication Technology segment, that was previously closed as part of restructuring activities.
[3]	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.

Accrued Liabilities (Details Te

Accrued Liabilities (Details Textual) - USD ($) $ in Thousands	Sep. 29, 2017	Dec. 31, 2016
Restructuring Reserve, Noncurrent	$ 100
Expected Remaining Restructuring and Related Charges For Year	22,000
Restructuring Reserve, Current	3,549	$ 10,783
Fluid Handling [Member]
Expected Remaining Restructuring and Related Charges For Year, Discontinued Operations Portion	3,000
Restructuring Reserve, Current	$ 2,300

Net Periodic Benefit Cost-Def51

Net Periodic Benefit Cost-Defined Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2017	Sep. 30, 2016	Sep. 29, 2017	Sep. 30, 2016
Discontinued Operation [Member]
Disposal Group, Including Discontinued Operation, Pension Plan Benefit Obligation	$ 170,700		$ 170,700
Net periodic benefit cost (income)	2,000	$ 1,000	4,300	$ 4,000
Pension Benefits-U.S. Plans: [Member]
Service cost	46	48	139	144
Interest cost	3,892	4,352	11,637	13,057
Expected return on plan assets	(5,340)	(6,121)	(16,019)	(18,362)
Amortization	1,623	1,612	4,860	4,846
Net periodic benefit cost (income)	221	(109)	617	(315)
Pension Benefits - Non-U.S. Plans: [Member]
Service cost	409	821	2,407	2,512
Interest cost	6,358	7,287	19,537	24,447
Expected return on plan assets	(6,994)	(6,604)	(20,404)	(22,804)
Amortization	1,728	417	3,401	1,261
Net periodic benefit cost (income)	1,501	1,921	4,941	5,416
Other Post-Retirement Benefits: [Member]
Service cost	10	(2)	31	29
Interest cost	243	154	728	779
Amortization	(101)	(682)	(301)	(554)
Net periodic benefit cost (income)	$ 152	$ (530)	$ 458	$ 254

Fair Value Hierarchy (Details)

Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Sep. 29, 2017	Dec. 31, 2016
Cash equivalents	$ 20,947	$ 24,603
Deferred compensation plans	6,390	4,586
Deferred compensation plans liability	6,390	4,586
Assets, Fair Value Disclosure	34,162	35,810
Liabilities, Fair Value Disclosure	10,853	17,595
Fair Value, Inputs, Level 1 [Member]
Cash equivalents	20,947	24,603
Assets, Fair Value Disclosure	20,947	24,603
Fair Value, Inputs, Level 2 [Member]
Deferred compensation plans	6,390	4,586
Deferred compensation plans liability	6,390	4,586
Assets, Fair Value Disclosure	13,215	11,207
Liabilities, Fair Value Disclosure	10,853	17,595
Foreign currency contracts related to customer sales contracts
Foreign currency contracts designated as hedges, Assets	4,488	992
Foreign currency contracts not designated as hedges, Assets	1,491	1,285
Foreign currency contracts designated as hedges, Liabilities	2,353	11,280
Foreign currency contracts not designated as hedges, Liability	492	256
Foreign currency contracts related to customer sales contracts | Fair Value, Inputs, Level 2 [Member]
Foreign currency contracts designated as hedges, Assets	4,488	992
Foreign currency contracts not designated as hedges, Assets	1,491	1,285
Foreign currency contracts designated as hedges, Liabilities	2,353	11,280
Foreign currency contracts not designated as hedges, Liability	492	256
Foreign currency contracts related to supplier purchase contracts
Foreign currency contracts designated as hedges, Assets	668	4,224
Foreign currency contracts not designated as hedges, Assets	178	120
Foreign currency contracts designated as hedges, Liabilities	1,055	469
Foreign currency contracts not designated as hedges, Liability	563	1,004
Foreign currency contracts related to supplier purchase contracts | Fair Value, Inputs, Level 2 [Member]
Foreign currency contracts designated as hedges, Assets	668	4,224
Foreign currency contracts not designated as hedges, Assets	178	120
Foreign currency contracts designated as hedges, Liabilities	1,055	469
Foreign currency contracts not designated as hedges, Liability	$ 563	$ 1,004

Foreign Currency Contracts Noti

Foreign Currency Contracts Notional Values (Details) - USD ($) $ in Thousands	Sep. 29, 2017	Dec. 31, 2016
Derivative, Notional Amount	$ 408,435	$ 425,359
Foreign currency contracts related to customer sales contracts | Not Designated As Hedging Instrument [Member]
Derivative, Notional Amount	123,617	85,542
Foreign currency contracts related to customer sales contracts | Designated As Hedging Instrument [Member]
Derivative, Notional Amount	178,585	215,086
Foreign currency contracts related to supplier purchase contracts | Not Designated As Hedging Instrument [Member]
Derivative, Notional Amount	44,736	40,127
Foreign currency contracts related to supplier purchase contracts | Designated As Hedging Instrument [Member]
Derivative, Notional Amount	$ 61,497	$ 84,604

Gain (Loss) On Derivative Instr

Gain (Loss) On Derivative Instruments (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 29, 2017	Sep. 30, 2016	Sep. 29, 2017	Sep. 30, 2016
Unrealized (loss) gain on net investment hedges				$ (27,737)	$ 3,482
Designated As Hedging Instrument [Member]
Unrealized (loss) gain on net investment hedges	[1]	$ (8,308)	$ 9,187	(27,737)	3,482
Designated As Hedging Instrument [Member] | Foreign currency contracts related to customer sales contracts
Unrealized gain (loss) on Foreign Currency Contracts		798	(362)	3,515	496
Realized gain (loss) on Foreign Currency Contracts		323	297	1,950	(2,075)
Designated As Hedging Instrument [Member] | Foreign currency contracts related to supplier purchase contracts
Unrealized gain (loss) on Foreign Currency Contracts		306	403	945	(838)
Realized gain (loss) on Foreign Currency Contracts		(1,022)	(207)	(2,036)	2,504
Not Designated As Hedging Instrument [Member] | Foreign currency contracts related to customer sales contracts
Unrealized gain (loss) on Foreign Currency Contracts		(289)	157	(29)	777
Realized gain (loss) on Foreign Currency Contracts		(737)	(521)	853	(684)
Not Designated As Hedging Instrument [Member] | Foreign currency contracts related to supplier purchase contracts
Unrealized gain (loss) on Foreign Currency Contracts		(104)	(42)	500	(558)
Realized gain (loss) on Foreign Currency Contracts		$ 498	$ (360)	$ 243	$ (621)
[1]	The unrealized (loss) gain on net investment hedges is attributable to the change in valuation of Euro denominated debt.

Financial Instruments and Fai55

Financial Instruments and Fair Value Measurements (Details Textual) - USD ($) $ in Billions	Sep. 29, 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		9 Months Ended
		Sep. 29, 2017	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Claims unresolved, beginning of period	[1]	20,567	20,583
Claims filed	[1],[2]	3,450	4,022
Claims resolved	[1],[3]	(6,414)	(3,092)
Claims unresolved, end of period	[1]	17,603	21,513
[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		Sep. 29, 2017	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Long-term asbestos insurance asset	[1]	$ 275,109	$ 293,289
Long-term asbestos insurance receivable	[1]	79,417	92,269
Accrued asbestos liability	[2]	53,637	51,166
Long-term asbestos liability	[3]	$ 308,995	$ 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 costs that the Company believes the subsidiaries will pay, 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 Contingencies58

Commitments and Contingencies (Details Textual) $ in Millions	9 Months Ended
	Sep. 29, 2017USD ($)
Subsidiary 1 [Member]
Asbestos-Related Insurance Proceeds	$ 30.5

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 29, 2017	Sep. 30, 2016	Sep. 29, 2017	Sep. 30, 2016
Net sales		$ 844,509	$ 766,521	$ 2,426,101	$ 2,373,345
Income from continuing operations before income taxes		63,438	51,819	176,005	152,434
Interest expense		11,328	6,892	29,106	24,988
Restructuring and other related charges		7,298	11,752	23,131	37,998
Segment Operating Income (Loss)	[1]	82,064	70,463	228,242	215,420
Air and Gas Handling
Net sales		362,310	320,436	989,044	1,009,598
Segment Operating Income (Loss)	[1]	40,234	32,331	97,570	102,577
Fabrication Technology
Net sales		482,199	446,085	1,437,057	1,363,747
Segment Operating Income (Loss)	[1]	56,232	48,074	172,696	148,430
Corporate and other
Segment Operating Income (Loss)	[1]	$ (14,402)	$ (9,942)	$ (42,024)	$ (35,587)
[1]	The following is a reconciliation of Income from continuing operations before income taxes to segment operating income: