Enovis (ENOV) 10-Q 6 Aug 18 2018 Q2 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION	6 Months Ended
	Jun. 29, 2018shares
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	118,925,914
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 29, 2018
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,018

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017
Income Statement [Abstract]
Net sales	$ 925,288	$ 847,962	$ 1,806,213	$ 1,581,592
Cost of sales	637,854	589,898	1,248,159	1,083,699
Gross profit	287,434	258,064	558,054	497,893
Selling, general and administrative expense	204,784	176,882	405,303	351,715
Restructuring and other related charges	16,946	11,060	24,875	15,833
Operating income	65,704	70,122	127,876	130,345
Interest expense, net	9,680	8,524	19,268	17,778
(Gain) loss on short term investments	(4,591)	0	10,128	0
Income from continuing operations before income taxes	60,615	61,598	98,480	112,567
(Benefit) provision for income taxes	(6,893)	19,734	(907)	32,312
Net income from continuing operations	67,508	41,864	99,387	80,255
(Loss) income from discontinued operations, net of taxes	(25,729)	16,611	(28,566)	19,707
Net income	41,779	58,475	70,821	99,962
Less: income attributable to noncontrolling interest, net of taxes	3,322	5,081	7,829	8,026
Net income attributable to Colfax Corporation	$ 38,457	$ 53,394	$ 62,992	$ 91,936
Net income (loss) per share - basic
Continuing operations	$ 0.52	$ 0.30	$ 0.74	$ 0.59
Discontinued operations	(0.21)	0.13	(0.23)	0.16
Consolidated operations	0.31	0.43	0.51	0.75
Net income (loss) per share - diluted
Continuing operations	0.52	0.30	0.74	0.58
Discontinued operations	(0.21)	0.13	(0.23)	0.16
Consolidated operations	$ 0.31	$ 0.43	$ 0.51	$ 0.74

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 41,779	$ 58,475	$ 70,821	$ 99,962
Other comprehensive (loss) income:
Foreign currency translation, net of tax of $5,412, $1,013, $4,569 and $(1,082)	(222,473)	107,911	(140,798)	167,911
Unrealized gain (loss) on hedging activities, net of tax of $6,033, $(8,859), $3,100 and $(8,623)	12,154	(13,416)	7,020	(14,353)
Amounts reclassified from Accumulated other comprehensive income:
Amortization of pension and other post-retirement net actuarial loss, net of tax of $273, $1,176, $476 and $1,936	876	962	1,833	2,636
Amortization of pension and other post-retirement prior service cost, net of tax of $0, $23, $0 and $47	0	39	1	77
Other comprehensive (loss) income	(209,443)	95,496	(131,944)	156,271
Comprehensive (loss) income	(167,664)	153,971	(61,123)	256,233
Less: comprehensive (loss) income attributable to noncontrolling interest	(15,518)	8,267	(4,959)	15,044
Comprehensive (loss) income attributable to Colfax Corporation	$ (152,146)	$ 145,704	$ (56,164)	$ 241,189

CONDENSED CONSOLIDATED STATEME4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) [Parenthetical] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Foreign currency translation, tax	$ 5,412	$ 1,013	$ 4,569	$ (1,082)
Unrealized gain (loss) on hedging activities, tax	6,033	(8,859)	3,100	(8,623)
Amortization of pension and other post-retirement net actuarial loss, tax	273	1,176	476	1,936
Amortization of pension and other post-retirement prior service cost, tax	$ 0	$ 23	$ 0	$ 47

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 29, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 257,700	$ 262,019
Short term investments	0	149,608
Trade receivables, less allowance for doubtful accounts of $29,320 and $31,488	986,271	970,199
Inventories, net	490,159	429,627
Other current assets	213,350	258,379
Total current assets	1,947,480	2,069,832
Property, plant and equipment, net	510,695	552,802
Goodwill	2,505,377	2,538,544
Intangible assets, net	960,154	1,017,203
Other assets	538,997	531,316
Total assets	6,462,703	6,709,697
LIABILITIES AND EQUITY
Current portion of long-term debt	6,180	5,766
Accounts payable	586,276	587,129
Customer advances and billings in excess of costs incurred	149,019	145,853
Accrued liabilities	333,046	358,632
Total current liabilities	1,074,521	1,097,380
Long-term debt, less current portion	1,067,415	1,055,305
Other liabilities	783,327	829,748
Total liabilities	2,925,263	2,982,433
Equity:
Common stock, $0.001 par value; 400,000,000 shares authorized; 118,925,914 and 123,245,827 issued and outstanding	119	123
Additional paid-in capital	3,100,201	3,228,174
Retained earnings	914,634	846,490
Accumulated other comprehensive loss	(698,680)	(574,372)
Total Colfax Corporation equity	3,316,274	3,500,415
Noncontrolling interest	221,166	226,849
Total equity	3,537,440	3,727,264
Total liabilities and equity	$ 6,462,703	$ 6,709,697

CONDENSED CONSOLIDATED BALANCE6

CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] - USD ($) $ in Thousands	Jun. 29, 2018	Dec. 31, 2017
Condensed Consolidated Balance Sheet (Parenthetical) [Abstract]
Trade receivables, allowance for doubtful accounts	$ 29,320	$ 31,488
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	118,925,914	123,245,827
Common Stock, Shares, Outstanding	118,925,914	123,245,827

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENT OF EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Reclassification out of Accumulated Other Comprehensive Income [Member]	Accumulated Other Comprehensive Loss [Member]	Noncontrolling Interest [Member]
Cumulative effect of accounting change, net of tax of $2,808				$ 5,152	$ (5,152)
Balance at Dec. 31, 2017	$ 3,727,264	$ 123	$ 3,228,174	846,490		$ (574,372)	$ 226,849
Shares, Outstanding at Dec. 31, 2017		123,245,827
Net income attributable to Colfax Corporation	62,992			62,992
Net income attributable to noncontrolling interest	7,829						7,829
Net income	70,821
Distributions to noncontrolling owners	(724)						(724)
Other comprehensive income, net of tax of $8,145	(131,944)					(119,156)	(12,788)
Common stock repurchases, shares		(4,604,974)
Common stock repurchases, value	(143,902)	$ (4)	(143,898)
Common stock-based award activity	15,925	$ 0	15,925
Common stock-based award activity (in shares)		285,061
Balance at Jun. 29, 2018	$ 3,537,440	$ 119	$ 3,100,201	$ 914,634		$ (698,680)	$ 221,166
Shares, Outstanding at Jun. 29, 2018		118,925,914

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENT OF EQUITY Statement of Stockholders' Equity [Parenthetical] $ in Thousands	Dec. 31, 2017USD ($)
Cumulative effect of accounting change, tax	$ 2,808

CONDENSED CONSOLIDATED STATEME9

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017
Statement of Cash Flows [Abstract]
Net income	$ 70,821	$ 99,962
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and impairment charges	71,958	68,606
Stock-based compensation expense	12,835	11,931
Non-cash interest expense	2,243	2,170
(Gain) loss on short term investments	10,128	0
Deferred income tax benefit	(19,656)	(3,700)
Gain on sale of facility	(7,839)	(11,734)
Loss on sale of business	4,337	0
Changes in operating assets and liabilities:
Trade receivables, net	(65,186)	(59,419)
Inventories, net	(53,993)	(29,932)
Accounts payable	19,878	5,470
Customer advances and billings in excess of costs incurred	17,462	(1,352)
Changes in other operating assets and liabilities	(29,326)	16,556
Net cash provided by operating activities	33,662	98,558
Cash flows from investing activities:
Purchases of fixed assets	(24,808)	(26,755)
Proceeds from sale of facility	14,634	16,106
Acquisitions, net of cash received	(50,912)	(49,999)
Sale of business, net	18,603	0
Sale of short term investments, net	139,480	0
Net cash provided by (used in) investing activities	96,997	(60,648)
Cash flows from financing activities:
Payments under term credit facility	(56,250)	(28,126)
Proceeds from borrowings on revolving credit facilities and other	504,518	384,257
Repayments of borrowings on revolving credit facilities and other	(422,361)	(720,473)
Proceeds from borrowings on senior unsecured notes	0	374,451
Proceeds from issuance of common stock, net	3,090	3,134
Common stock repurchases	(143,902)	0
Other	(838)	(8,329)
Net cash (used in) provided by financing activities	(115,743)	4,914
Effect of foreign exchange rates on Cash and cash equivalents	(19,235)	7,671
(Decrease) increase in Cash and cash equivalents	(4,319)	50,495
Cash and Cash Equivalents- beginning of period	262,019	221,730
Cash and Cash Equivalents- end of period	$ 257,700	$ 272,225

General (Text Block)

General (Text Block)	6 Months Ended
	Jun. 29, 2018
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 air and gas handling and fabrication technology products and services to customers around the world under the Howden and ESAB brands. On December 11, 2017, the Company completed the sale of its Fluid Handling business (“Fluid Handling”) to CIRCOR International, Inc., a Delaware corporation (“CIRCOR” or “the Buyer”), pursuant to a definitive purchase agreement (the Purchase Agreement) signed on September 24, 2017. Accordingly, the accompanying Condensed Consolidated Financial Statements for all periods presented reflect the Fluid Handling business as a discontinued operation. 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, 2017 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, 2017 (the “ 2017 Form 10-K”), filed with the SEC on February 16, 2018 . The Condensed Consolidated Financial Statements reflect, in the opinion of management, all adjustments, which consist solely of normal recurring adjustments, necessary to present fairly the Company’s financial position and results of operations as of and for the periods indicated. 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 six months ended June 29, 2018 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 air and gas handling customers seek to fully utilize capital spending budgets before the end of the year, usually our shipments peak during the fourth quarter. Also, our European operations typically experience a slowdown during the July, August and December holiday seasons. General economic conditions may, however, impact future seasonal variations.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements (Text Block)	6 Months Ended
	Jun. 29, 2018
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements Accounting Guidance Implemented in 2018 Standards Adopted Description Effective Date Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers The standard 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 standard 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 applied the ASU and its related updates on a full retrospective basis as of January 1, 2018. The adoption of the ASU did not have a material impact on the consolidated financial statements; therefore, no cumulative catch-up adjustment was recorded for prior periods. See Note 5, “Revenue”, for additional information. January 1, 2018 ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities The standard requires various changes to the measurement and disclosure of equity investments. For the Company, the most relevant change under ASU 2016-01 is the elimination of the available-for-sale classification for equity securities with readily determinable fair values. The adoption of the standard as of January 1, 2018 resulted in a reclassification of a $5.2 million gain, net of tax, on short term investments from Accumulated other comprehensive loss to Retained earnings on the Company’s Condensed Consolidated Financial Statements. Additionally, as a result of the adoption of this ASU, any changes in fair value of the Company’s Short term investments is included in (Gain) loss on short term investments in the Condensed Consolidated Statement of Income. January 1, 2018 ASU No. 2016-15, Statement of Cash Flows (Topic 203) The guidance addresses eight specific cash flow issues and clarifies their presentation and classification in the Statement of Cash Flows. The Company has retrospectively adopted the standard on its consolidated financial statements as of January 1, 2018. The adoption of the ASU did not have a material impact on the consolidated financial statements. As such, no retrospective adjustment was recorded. January 1, 2018 ASU 2016-16, Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory The standard eliminates the exception that the tax effects of an intra-entity transfer (sales) are deferred until the transferred asset is sold to a third party or recovered through use. The resulting impact is the recognition of tax expense in the seller’s jurisdiction and any deferred tax asset in the buyer’s jurisdiction in the period the transfer occurs. The new guidance does not apply to intra entity sales of inventory whose tax effects will continue to be deferred until the inventory is sold to a third party. The Company adopted the ASU as of January 1, 2018 using a modified retrospective approach and concluded the ASU had no material impact on the consolidated financial statements; therefore, no cumulative catch-up adjustment was recorded. January 1, 2018 ASU No. 2017-07, Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post-retirement Benefit Cost The standard requires that the service cost component of net benefit costs of pension and post-retirement benefit plans be reported in the same line item as other compensation costs. Other components of net periodic pension cost and net periodic post-retirement benefit cost are required to be presented in the income statement separately from the service cost component, and only the service cost is eligible for capitalization. The Company adopted the ASU as of January 1, 2018 retrospectively for the presentation requirements and prospectively for the capitalization of the service cost. The adoption of the ASU did not have a material impact on the consolidated financial statements. No adjustment was recorded as a result of the adoption. January 1, 2018 Standards Adopted Description Effective Date ASU 2018-05, Income Taxes (Topic 740): Amendments to SEC Paragraphs pursuant to SEC Staff Accounting Bulletin No. 118 (“SAB 118”) The standard addresses the application of U.S. GAAP in situations when a registrant does not have the necessary information available, prepared, or analyzed (including computations) in reasonable detail to complete the accounting for certain income tax effects of the 2017 U.S. Tax Cut and Jobs Act (“Tax Act”). SAB 118 allows registrants to include a provisional amount to account for the implications of the Tax Act where a reasonable estimate can be made and requires the completion of the accounting no later than one year from the date of enactment of the Tax Act or December 22, 2018. In its financial statements for the year ended December 31, 2017, the Company included a provisional estimate of approximately $52 million for the transition tax, payable over 8 years. Generally, the foreign earnings subject to the transition tax can be distributed without additional U.S. tax; however, if distributed, the amount could be subject to foreign taxes and U.S. state and local taxes. The Company also recorded a provisional tax benefit estimate of approximately $55 million for the re-measurement of its U.S. deferred tax assets and liabilities to a 21% effective tax rate. The Company continues to evaluate the implications of the Tax Act and have not made any adjustments to the provisional amounts recorded in the prior year. Additionally, the Company intends to file its 2017 U.S. income tax return in the second half of 2018 which may change the tax basis in temporary differences, tax pools, earning and profits and other elements of the income tax effects of the Tax Act estimated as of December 31, 2017. This may result in an adjustment to the tax provision and be reflected as a re-measurement amount recorded in the financial statements during the quarter in which the U.S. tax return is filed. December 31, 2017 New Accounting Guidance to be Implemented Standards Pending Adoption Description Anticipated Impact Effective/Adoption Date ASU 2016-02, Leases (Topic 842) The standard requires a lessee to recognize assets and liabilities associated with the rights and obligations attributable to most leases but also recognize expenses similar to current lease accounting. The standard 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 new guidance can be adopted using a modified retrospective transition and provides for certain practical expedients. The Company is analyzing and updating data previously collected to evaluate the impact of adopting the ASU on its consolidated financial statements, and further assessing the related systems required to support increased reporting and disclosures requirements. The Company will adopt the package of practical expedients for all leases commenced before January 1, 2019. The adoption of the guidance will have a material effect on the consolidated balance sheets, resulting in the recording of an operating lease asset and liability. January 1, 2019 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. January 1, 2020 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 Company is currently evaluating the impact of adopting the ASU on its consolidated financial statements and the timing of adoption. January 1, 2019 ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income The standard provides entities the option to reclassify to retained earnings the tax effects resulting from the Tax Act related to items stranded in accumulated other comprehensive income. The new guidance may be applied retrospectively to each period in which the effect of the Tax Act is recognized in the period of adoption. The Company is currently evaluating the impact of this ASU on its consolidated financial statements and the timing of adoption. January 1, 2019 Standards Pending Adoption Description Anticipated Impact Effective/Adoption Date Topic 740, No. 5, Accounting for Global Intangible Low-Taxed Income The FASB Staff Q&A, Topic 740, No. 5, Accounting for Global Intangible Low-Taxed Income (GILTI), states that an entity can make an accounting policy election to either recognize deferred taxes for temporary basis differences expected to reverse as GILTI in future years or provide for the tax expense related to GILTI in the year the tax is incurred. The Tax Act subjects the Company to tax on the GILTI earned by certain of its foreign subsidiaries. The Company has included an estimate of GILTI in determining the annual effective tax rate; however, given the complexity of the GILTI provisions, the Company is still evaluating the effects of the GILTI provisions and have not yet determined the accounting policy. December 31, 2018

Discontinued Operations (Notes)

Discontinued Operations (Notes)	6 Months Ended
	Jun. 29, 2018
Discontinued Operations [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Discontinued Operations Sale of Fluid Handling Business The Company sold its Fluid Handling business to CIRCOR on December 11, 2017. After certain post-closing adjustments, total consideration for the sale was $860.6 million, consisting of $551.0 million of cash, 3.3 million shares of CIRCOR common stock (“CIRCOR Shares”), and assumption of $168.0 million of net retirement liabilities. All cash consideration has been collected as of June 29, 2018. During the three months ended June 29, 2018, the Company sold its CIRCOR Shares for $139.5 million , net of $5.8 million of underwriters' fees. A related gain of $4.6 million was recorded in the Consolidated Statements of Income for the three months ended June 29, 2018. The key components of (Loss) income from discontinued operations for the three and six months ended June 29, 2018 and June 30, 2017 were as follows: Three Months Ended Six Months Ended June 29, 2018 June 30, 2017 June 29, 2018 June 30, 2017 (In thousands) Net sales $ — $ 117,870 $ — $ 229,166 Cost of sales — 75,236 — 146,994 Selling, general and administrative expense (1) 2,123 30,592 4,594 60,955 Divestiture-related expense, net (2) 1,283 750 2,358 1,600 Restructuring and other related items — (10,589 ) — (8,262 ) Operating (loss) income (3,406 ) 21,881 (6,952 ) 27,879 Interest income (3) — 106 — 265 Loss on disposal (4,337 ) — (4,337 ) — (Loss) income from discontinued operations before income taxes (7,743 ) 21,987 (11,289 ) 28,144 Income tax expense (4) 17,986 5,376 17,277 8,437 (Loss) income from discontinued operations, net of taxes $ (25,729 ) $ 16,611 $ (28,566 ) $ 19,707 (1) Pursuant to the Purchase Agreement, the Company retained its asbestos-related contingencies and insurance coverages. However, as the Company did 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 Income as part of (Loss) income from discontinued operations. See Note 14, “Commitments and Contingencies” for further information. (2) Primarily related to professional and consulting fees associated with the divestiture including due diligence and preparation of regulatory filings, as well as employee benefit arrangements and other disposition-related activities. (3) Interest expense has not been allocated to the discontinued operations. (4) Income tax expense for the three months ended June 29, 2018 was primarily related to incremental tax expense recognized due to changes in the estimated gain allocation by jurisdiction. The Company did not have material cash flows for discontinued operations during the six months ended June 29, 2018. Cash provided by operating activities of discontinued operations for the six months ended June 30, 2017 was $47.3 million . Cash used in investing activities of discontinued operations was $2.9 million for the six months ended June 30, 2017 . There are no material items in the accompanying Condensed Consolidated Statements of Income that had been eliminated in consolidation prior to the disposal.

Acquisitions Acquisition (Notes

Acquisitions Acquisition (Notes)	6 Months Ended
	Jun. 29, 2018
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Acquisitions During the six months ended June 29, 2018 , the Company completed an acquisition in the Fabrication Technology segment for net cash consideration of 323.1 million Swedish Krona ( $41.1 million ), subject to certain purchase price adjustments.

Revenue (Notes)

Revenue (Notes)	6 Months Ended
	Jun. 29, 2018
Revenue Recognition, Milestone Method [Line Items]
Revenue from Contract with Customer [Text Block]	Revenue The Company accounts for revenue in accordance with Topic 606, “Revenue from Contracts with Customers,” which the Company adopted on January 1, 2018, using the full retrospective method. Accordingly, the Company recognizes revenue when control of promised goods or services is transferred to the customer. The amount of revenue recognized reflects the consideration to which the Company expects to be entitled in exchange for transferring the goods or services. The nature of the Company’s contracts gives rise to certain types of variable consideration, including rebates and other discounts. The Company includes estimated amounts of variable consideration in the transaction price to the extent that it is probable there will not be a significant reversal of revenue. Estimates are based on historical or anticipated performance and represent the Company’s best judgment at the time. Any estimates are evaluated on a quarterly basis until the uncertainty is resolved. The Company provides a variety of products and services to its customers. Most of the Company’s contracts consist of a single, distinct performance obligation or promise to transfer goods or services to a customer. For contracts that include multiple performance obligations, the Company allocates the total transaction price to each performance obligation using the Company’s best estimate of the standalone selling price of each identified performance obligation. A majority of revenue recognized by the Company relates to contracts with customers for standard or off-the-shelf products. As control typically transfers to the customer upon delivery of the product in these circumstances, revenue is generally recognized at that point in time. For service contracts, the Company recognizes revenue ratably over the period of performance as the customer simultaneously receives and consumes the benefits of the services provided. The following tables disaggregate the Company’s revenue by segment and timing of transfer: Three Months Ended June 29, 2018 June 30, 2017 Fabrication Technology Air and Gas Handling Fabrication Technology Air and Gas Handling (in thousands) Point in time $ 560,857 $ 101,755 $ 492,597 $ 129,509 Over time — 262,676 2,200 223,656 Total $ 560,857 $ 364,431 $ 494,797 $ 353,165 Six Months Ended June 29, 2018 June 30, 2017 Fabrication Technology Air and Gas Handling Fabrication Technology Air and Gas Handling (in thousands) Point in time $ 1,093,870 $ 315,161 $ 952,658 $ 336,683 Over time 260 396,922 2,200 290,051 Total $ 1,094,130 $ 712,083 $ 954,858 $ 626,734 In certain contracts, particularly within the Air and Gas Handling segment, the Company is engaged to engineer and build highly-customized, large-scale products and systems. In these circumstances, the Company produces an asset with no alternative use and has a right to payment for performance completed to date. As a result, revenue is recognized over time based on progress to date. To measure progress, the Company uses an input method based on costs incurred relative to total estimated costs. Under this method, contract revenues are recognized over the performance period of the contract. The amount recognized is directly proportionate to the costs incurred as a percentage of total estimated costs for the entirety of the contract. This method requires estimates to determine the appropriate cost and revenue recognition. Significant management judgments and estimates, including estimated costs to complete projects, must be made and used in connection with revenue recognized during each period. Current estimates may be revised as additional information becomes available. The revisions are recorded in income in the period in which they are determined using the cumulative catch-up method of accounting. As of June 29, 2018, the Air and Gas Handling business had $837.5 million of remaining performance obligations, which is also referred to as total backlog. Of that total backlog, the Company expects to recognize approximately 64% as revenue in 2018 and an additional 36% thereafter. Given the nature of these long-term contracts, the Company is often paid at various points throughout the process, based on the contractual terms. The Company applies the available practical expedient involving the existence of a significant financing component. As the Company generally does not receive payments greater than one year in advance or arrears of revenue recognition, the Company does not consider any arrangements to include financing components. Any recognized revenues in excess of customer billings are recorded as a component of Trade receivables. Billings to customers in excess of recognized revenues are recorded as a component of Customer advances and billings in excess of costs incurred. For long-term contracts, amounts are billed as work progresses, based on the specified timeline included in the contractual terms. Each contract is evaluated individually to determine the net asset or net liability position. As of June 29, 2018 and December 31, 2017, there were $203.6 million and $203.9 million , respectively, of revenues in excess of billings and $79.7 million and $94.2 million , respectively, of billings in excess of revenues on long-term contracts in the Condensed Consolidated Balance Sheets. For contracts recognized at a point in time, revenue recognition and billing typically occur simultaneously. The Company’s Fabrication Technology business formulates, develops, manufactures and supplies consumable products and equipment. The vast majority of total revenue from the Fabrication Technology business is recognized at a point in time. As a result, of the total amount of remaining unsatisfied performance obligations, the majority relate to ship and bill arrangements. Given the nature of this business, the total amount of unsatisfied performance obligations with an original contract duration of greater than one year as of June 29, 2018 is immaterial. In some circumstances for both over time and point in time contracts, customers are billed in advance of revenue recognition, resulting in contract liabilities. As of December 31, 2017 and 2016, total contract liabilities were $133.3 million and $137.6 million , respectively. During the three and six months ended June 29, 2018, revenue recognized that was included in the contract liability balance at the beginning of the year was $40.6 million and $97.9 million , respectively. Of this total 71.7% and 70.6% , respectively, was related to long-term contracts which have met the criteria for over time recognition. During the three and six months ended June 30, 2017, revenue recognized that was included in the contract liability balance at the beginning of the year was $31.9 million and $97.7 million , respectively. Of this total 68.4% and 73.2% , respectively, was related to long-term contracts which have met the criteria for over time recognition. As of June 29, 2018 and June 30, 2017, total contract liabilities were $143.8 million and $130.1 million , respectively. The period of benefit for the Company’s incremental costs of obtaining a contract would generally have less than a one-year duration; therefore, the Company applies the practical expedient available and expenses costs to obtain a contract when incurred.

Net Income Per Share (Text Bloc

Net Income Per Share (Text Block)	6 Months Ended
	Jun. 29, 2018
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 Six Months Ended June 29, 2018 June 30, 2017 June 29, 2018 June 30, 2017 (In thousands, except share data) Computation of Net income per share from continuing operations: Net income from continuing operations attributable to Colfax Corporation (1) $ 64,186 $ 36,783 $ 91,558 $ 72,229 Weighted-average shares of Common stock outstanding - basic 122,685,878 123,203,512 123,106,702 123,150,462 Net income per share from continuing operations - basic $ 0.52 $ 0.30 $ 0.74 $ 0.59 Computation of Net income per share from continuing operations - diluted: Net income from continuing operations attributable to Colfax Corporation (1) $ 64,186 $ 36,783 $ 91,558 $ 72,229 Weighted-average shares of Common stock outstanding - basic 122,685,878 123,203,512 123,106,702 123,150,462 Net effect of potentially dilutive securities - stock options and restricted stock units 286,867 750,614 403,664 730,560 Weighted-average shares of Common stock outstanding - diluted 122,972,745 123,954,126 123,510,366 123,881,022 Net income per share from continuing operations - diluted $ 0.52 $ 0.30 $ 0.74 $ 0.58 (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 June 29, 2018 and June 30, 2017 excludes 3.8 million and 2.9 million of outstanding stock-based compensation awards, respectively, as their inclusion would be anti-dilutive. The weighted-average computation of the dilutive effect of potentially issuable shares of Common stock under the treasury stock method for the six months ended June 29, 2018 and June 30, 2017 excludes approximately 3.4 million and 2.8 million of outstanding stock-based compensation awards, respectively, as their inclusion would be anti-dilutive.

Income Taxes (Text Block)

Income Taxes (Text Block)	6 Months Ended
	Jun. 29, 2018
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes During the three and six months ended June 29, 2018 , Income from continuing operations before income taxes was $60.6 million and $98.5 million , respectively, while the income tax benefit was $6.9 million and $0.9 million , respectively. The effective tax rates were (11.4)% and (0.9)% for the three and six months ended June 29, 2018 , respectively. The effective tax rates differ from the 2018 U.S. federal statutory rate of 21% mainly due to net discrete tax benefits primarily attributed to the effective settlement of uncertain tax positions, an enacted tax rate change in a foreign jurisdiction, valuation allowance reversals and the expected realization of certain U.S. tax credits offset in part by international taxes which are higher than the U.S. tax rate, losses in certain jurisdictions where a tax benefit is not expected to be recognized in 2018 and U.S. tax on certain foreign earnings including GILTI. The provision for income taxes for three and six months ended June 29, 2018 includes $20.8 million and $26.9 million of net discrete tax benefits, respectively. During the three and six months ended June 30, 2017 , Income from continuing operations before income taxes was $61.6 million and $112.6 million , respectively, while the Provision for income taxes was $19.7 million and $32.3 million , respectively. The effective tax rates were 32.0% and 28.7% for the three and six months ended June 30, 2017 , respectively. The effective tax rate differed from the 2017 U.S. federal statutory rate of 35% primarily due to international tax rates, which were 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 2017 . The provision for income taxes for the six months ended June 30, 2017 included a $0.9 million net discrete tax benefit primarily associated with a South American jurisdiction.

Equity (Text Block)

Equity (Text Block)	6 Months Ended
	Jun. 29, 2018
Equity [Abstract]
Shareholders' Equity and Share-based Payments [Text Block]	Equity Share Repurchase Program On February 12, 2018 , the Company’s Board of Directors authorized the repurchase of up to $100 million of the Company’s Common stock from time-to-time on the open market or in privately negotiated transactions. The Board of Directors increased the repurchase authorization by an additional $100 million on June 6, 2018 . The timing, amount and method of shares repurchased is determined by management based on its evaluation of market conditions and other factors. During the three months ended June 29, 2018, the Company repurchased 4,604,974 shares of the Company’s Common stock in open market transactions for $143.9 million . As of June 29, 2018, the remaining stock repurchase authorization provided by the Company’s Board of Directors was $56.1 million . On July 19, 2018, the Board of Directors increased the repurchase authorization again by an additional $100 million . Accumulated Other Comprehensive Loss The following tables present the changes in the balances of each component of Accumulated other comprehensive loss including reclassifications out of Accumulated other comprehensive loss for the six months ended June 29, 2018 and June 30, 2017 . All amounts are net of tax and noncontrolling interest, if any. 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, 2018 $ (84,338 ) $ (525,324 ) $ 30,138 $ (579,524 ) Other comprehensive income (loss) before reclassifications: Foreign currency translation adjustment 706 (138,014 ) (373 ) (137,681 ) Gain on long-term intra-entity foreign currency transactions — 9,861 — 9,861 Gain on net investment hedges — — 8,539 8,539 Unrealized loss on cash flow hedges — — (1,710 ) (1,710 ) Other comprehensive income (loss) before reclassifications 706 (128,153 ) 6,456 (120,991 ) Amounts reclassified from Accumulated other comprehensive loss (1) 1,835 — — 1,835 Net Other comprehensive income (loss) 2,541 (128,153 ) 6,456 (119,156 ) Balance at June 29, 2018 $ (81,797 ) $ (653,477 ) $ 36,594 $ (698,680 ) 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 (3,781 ) 158,603 (18 ) 154,804 Gain on long-term intra-entity foreign currency transactions — 6,136 — 6,136 Loss on net investment hedges — — (19,429 ) (19,429 ) Unrealized gain on cash flow hedges — — 5,015 5,015 Other comprehensive (loss) income before reclassifications (3,781 ) 164,739 (14,432 ) 146,526 Amounts reclassified from Accumulated other comprehensive loss (1) 2,727 — — 2,727 Net Other comprehensive (loss) income (1,054 ) 164,739 (14,432 ) 149,253 Balance at June 30, 2017 $ (182,243 ) $ (696,050 ) $ 39,201 $ (839,092 ) (1) Included in the computation of net periodic benefit cost. See Note 12, “Net Periodic Benefit Cost - Defined Benefit Plans” for additional details.

Inventories, Net (Text Block)

Inventories, Net (Text Block)	6 Months Ended
	Jun. 29, 2018
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Inventories, Net Inventories, net consisted of the following: June 29, 2018 December 31, 2017 (In thousands) Raw materials $ 151,301 $ 141,827 Work in process 94,575 74,704 Finished goods 286,696 254,479 532,572 471,010 Less: customer progress payments — (2,308 ) Less: allowance for excess, slow-moving and obsolete inventory (42,413 ) (39,075 ) Inventories, net $ 490,159 $ 429,627

Debt (Text Block)

Debt (Text Block)	6 Months Ended
	Jun. 29, 2018
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Debt Long-term debt consisted of the following: June 29, 2018 December 31, 2017 (In thousands) Senior unsecured notes $ 403,595 $ 414,862 Term loans 559,949 615,095 Revolving credit facilities and other 110,051 31,114 Total debt 1,073,595 1,061,071 Less: current portion (6,180 ) (5,766 ) Long-term debt $ 1,067,415 $ 1,055,305 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 June 29, 2018 , the weighted-average interest rate of borrowings under the DB Credit Agreement was 3.49% , excluding accretion of original issue discount and deferred financing fees, and there was $1.2 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 June 29, 2018 , the Company had an original issue discount of $2.6 million and deferred financing fees of $8.1 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 $214.7 million . As of June 29, 2018 , outstanding borrowings under these facilities were $52.9 million , and had a weighted average borrowing rate of 1.19% . The Company is also party to letter of credit facilities with total capacity of $757.8 million . Total letters of credit of $392.1 million were outstanding as of June 29, 2018 . As of June 29, 2018, the Company is in compliance with the covenants under the DB Credit Agreement.

Accrued Liabilities (Text Block

Accrued Liabilities (Text Block)	6 Months Ended
	Jun. 29, 2018
Accrued Liabilities [Abstract]
Accrued Liabilities Disclosure [Text Block]	Accrued Liabilities Accrued liabilities in the Condensed Consolidated Balance Sheets consisted of the following: June 29, 2018 December 31, 2017 (In thousands) Accrued payroll $ 97,716 $ 98,132 Accrued taxes 37,608 53,939 Accrued asbestos-related liability 53,834 50,311 Warranty liability - current portion 32,259 32,428 Accrued restructuring liability - current portion 14,561 12,509 Accrued third-party commissions 12,627 14,014 Other 84,441 97,299 Accrued liabilities $ 333,046 $ 358,632 Warranty Liability The activity in the Company’s warranty liability consisted of the following: Six Months Ended June 29, 2018 June 30, 2017 (In thousands) Warranty liability, beginning of period $ 34,177 $ 30,222 Accrued warranty expense 11,146 8,733 Changes in estimates related to pre-existing warranties 1,137 271 Cost of warranty service work performed (11,293 ) (11,403 ) Acquisitions — 13 Foreign exchange translation effect (1,189 ) 1,114 Warranty liability, end of period $ 33,978 $ 28,950 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: Six Months Ended June 29, 2018 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) $ 12,038 $ 10,358 $ (12,199 ) $ (501 ) $ 9,696 Facility closure costs (2) (217 ) 1,415 (1,040 ) 122 280 11,821 11,773 (13,239 ) (379 ) 9,976 Non-cash charges (2) 118 11,891 Fabrication Technology: Termination benefits (1) 660 5,817 (5,605 ) (36 ) 836 Facility closure costs (2) 42 7,148 (3,439 ) (2 ) 3,749 702 12,965 (9,044 ) (38 ) 4,585 Corporate and Other: Facility closure costs (2) 84 19 (103 ) — — 84 19 (103 ) — — Total $ 12,607 $ 24,757 $ (22,386 ) $ (417 ) $ 14,561 Non-cash charges (2) 118 $ 24,875 (1) Includes severance and other termination benefits, including outplacement services. (2) Includes the cost of relocating associates, relocating equipment and lease termination expense in connection with the closure of facilities. (3) As of June 29, 2018 , $14.6 million of the Company’s restructuring liability was included in Accrued liabilities. The Company has increased the scope of its expected restructuring actions and expects to incur charges of approximately $40 million to $50 million during the remainder of 2018 related to its restructuring activities.

Net Periodic Benefit Cost-Defin

Net Periodic Benefit Cost-Defined Benefit Plans (Text Block)	6 Months Ended
	Jun. 29, 2018
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	Net Periodic Benefit Cost - Defined Benefit Plans In connection with the sale of the Fluid Handling business, the Buyer assumed the Fluid Handling liability for all foreign defined benefit plans specific to the Fluid Handling business, a portion of the U.S. defined benefit plan, and certain other postretirement obligations. Net benefit cost for the Fluid Handling business is included in (Loss) income 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 of the Company’s defined benefit pension plans and other post-retirement employee benefit plans: Three Months Ended Six Months Ended June 29, 2018 June 30, 2017 June 29, 2018 June 30, 2017 (In thousands) Pension Benefits - U.S. Plans: Service cost $ 40 $ 47 $ 81 $ 93 Interest cost 1,810 3,866 3,621 7,745 Expected return on plan assets (2,639 ) (5,340 ) (5,278 ) (10,679 ) Amortization 913 1,618 1,828 3,237 Net periodic benefit cost $ 124 $ 191 $ 252 $ 396 Pension Benefits - Non-U.S. Plans: Service cost $ 617 $ 1,053 $ 1,246 $ 1,998 Interest cost 5,668 6,667 9,550 13,179 Expected return on plan assets (6,444 ) (6,837 ) (11,119 ) (13,410 ) Amortization 258 683 526 1,673 Net periodic benefit cost $ 99 $ 1,566 $ 203 $ 3,440 Other Post-Retirement Benefits: Service cost $ 6 $ 11 $ 13 $ 21 Interest cost 123 242 246 485 Amortization (22 ) (100 ) (44 ) (200 ) Net periodic benefit cost $ 107 $ 153 $ 215 $ 306 During the three and six months ended June 30, 2017 , net periodic benefit cost of $1.2 million and $2.3 million , respectively, are included in (Loss) income from discontinued operations, net of taxes .

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements (Text Block)	6 Months Ended
	Jun. 29, 2018
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 $1.1 billion estimated fair value of the Company’s debt as of June 29, 2018 and December 31, 2017 , 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: June 29, 2018 Level Level Level Total (In thousands) Assets: Cash equivalents $ 25,095 $ — $ — $ 25,095 Foreign currency contracts related to sales - designated as hedges — 965 — 965 Foreign currency contracts related to sales - not designated as hedges — 1,121 — 1,121 Foreign currency contracts related to purchases - designated as hedges — 1,127 — 1,127 Foreign currency contracts related to purchases - not designated as hedges — 795 — 795 Deferred compensation plans — 7,716 — 7,716 $ 25,095 $ 11,724 $ — $ 36,819 Liabilities: Foreign currency contracts related to sales - designated as hedges $ — $ 2,727 $ — $ 2,727 Foreign currency contracts related to sales - not designated as hedges — 145 — 145 Foreign currency contracts related to purchases - designated as hedges — 146 — 146 Foreign currency contracts related to purchases - not designated as hedges — 2,031 — 2,031 Deferred compensation plans — 7,716 — 7,716 $ — $ 12,765 $ — $ 12,765 December 31, 2017 Level Level Level Total (In thousands) Assets: Cash equivalents $ 24,083 $ — $ — $ 24,083 Short term investments — 149,608 — 149,608 Foreign currency contracts related to sales - designated as hedges — 3,287 — 3,287 Foreign currency contracts related to sales - not designated as hedges — 43 — 43 Foreign currency contracts related to purchases - designated as hedges — 493 — 493 Foreign currency contracts related to purchases - not designated as hedges — 1,038 — 1,038 Deferred compensation plans — 6,374 — 6,374 $ 24,083 $ 160,843 $ — $ 184,926 Liabilities: Foreign currency contracts related to sales - designated as hedges $ — $ 1,257 $ — $ 1,257 Foreign currency contracts related to sales - not designated as hedges — 740 — 740 Foreign currency contracts related to purchases - designated as hedges — 1,332 — 1,332 Foreign currency contracts related to purchases - not designated as hedges — 449 — 449 Deferred compensation plans — 6,374 — 6,374 $ — $ 10,152 $ — $ 10,152 There were no transfers in or out of Level One, Two or Three during the six months ended June 29, 2018 . Foreign Currency Contracts As of June 29, 2018 and December 31, 2017 , the Company had foreign currency contracts with the following notional values: June 29, 2018 December 31, 2017 (In thousands) Foreign currency contracts sold - not designated as hedges $ 140,347 $ 37,143 Foreign currency contracts sold - designated as hedges 140,939 174,194 Foreign currency contracts purchased - not designated as hedges 161,822 103,975 Foreign currency contracts purchased - designated as hedges 47,906 59,055 Total foreign currency derivatives $ 491,014 $ 374,367 The Company recognized the following in its Condensed Consolidated Financial Statements related to its derivative instruments: Three Months Ended Six Months Ended June 29, 2018 June 30, 2017 June 29, 2018 June 30, 2017 (In thousands) Contracts Designated as Hedges: Foreign Currency Contracts - related to customer sales contracts: Unrealized (loss) gain $ (1,135 ) $ 1,628 $ 1,284 $ 2,717 Realized (loss) gain (3,600 ) 2,249 (4,392 ) 1,627 Foreign Currency Contracts - related to supplier purchase contracts: Unrealized (loss) gain (419 ) (194 ) (270 ) 639 Realized gain (loss) 1,638 (435 ) 1,793 (1,014 ) Unrealized gain (loss) on net investment hedges (1) 15,769 (15,954 ) 8,539 (19,429 ) Contracts Not Designated in a Hedge Relationship: Foreign Currency Contracts - related to customer sales contracts: Unrealized gain 735 1,462 1,649 260 Realized (loss) gain (600 ) 1,715 547 1,590 Foreign Currency Contracts - related to supplier purchases contracts: Unrealized (loss) gain (787 ) (286 ) (1,805 ) 604 Realized gain (loss) 204 (365 ) (324 ) (367 ) (1) The unrealized loss on net investment hedges is attributable to the change in valuation of Euro denominated debt.

Commitments and Contingencies (

Commitments and Contingencies (Text Block)	6 Months Ended
	Jun. 29, 2018
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 16, “Commitments and Contingencies” in the Notes to Consolidated Financial Statements in the 2017 Form 10-K. Because the Company did not retain an interest in the ongoing operations of the divested Fluid Handling business, the retained asbestos-related activity has been classified in its Condensed Consolidated Statements of Operations as a component of (Loss) income from discontinued operations. Asbestos Contingencies Claims activity since December 31 related to asbestos claims is as follows: Six Months Ended June 29, 2018 June 30, 2017 (Number of claims) Claims unresolved, beginning of period 17,737 20,567 Claims filed (1) 2,090 2,339 Claims resolved (2) (2,253 ) (4,869 ) Claims unresolved, end of period 17,574 18,037 (1) Claims filed include all asbestos claims for which notification has been received or a file has been opened. (2) 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: June 29, 2018 December 31, 2017 (In thousands) Long-term asbestos insurance asset (1) $ 277,493 $ 284,454 Long-term asbestos insurance receivable (1) 78,920 73,489 Accrued asbestos liability (2) 53,834 50,311 Long-term asbestos liability (3) 298,865 310,326 (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. Management’s analyses are based on currently known facts and assumptions. 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 other pending legal proceedings arising out of the ordinary course of the Company’s business. None of these legal proceedings are expected to have a material adverse effect on the financial condition, results of operations or cash flow of the Company. With respect to these proceedings and the litigation and claims described in the preceding paragraphs, management of the Company believes that it will either prevail, has adequate insurance coverage or has established appropriate accruals to cover potential liabilities. Any costs that management estimates may be paid related to these proceedings or claims are accrued when the liability is considered probable and the amount can be reasonably estimated. There can be no assurance, however, as to the ultimate outcome of any of these matters, and if all or substantially all of these legal proceedings were to be determined adverse to the Company, there could be a material adverse effect on the financial condition, results of operations or cash flow of the Company.

Segment Information (Text Block

Segment Information (Text Block)	6 Months Ended
	Jun. 29, 2018
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Segment Information The Company 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, which represents Operating income before Restructuring and other related charges. The Company’s segment results were as follows: Three Months Ended Six Months Ended June 29, 2018 June 30, 2017 June 29, 2018 June 30, 2017 (In thousands) Net sales: Air and Gas Handling $ 364,431 $ 353,165 $ 712,083 $ 626,734 Fabrication Technology 560,857 494,797 1,094,130 954,858 $ 925,288 $ 847,962 $ 1,806,213 $ 1,581,592 Segment operating income (1) : Air and Gas Handling $ 26,673 $ 34,702 $ 50,055 $ 57,525 Fabrication Technology 71,092 60,825 135,230 116,464 Corporate and other (15,115 ) (14,345 ) (32,534 ) (27,811 ) $ 82,650 $ 81,182 $ 152,751 $ 146,178 (1) The following is a reconciliation of Income from continuing operations before income taxes to segment operating income: Three Months Ended Six Months Ended June 29, 2018 June 30, 2017 June 29, 2018 June 30, 2017 (In thousands) Income from continuing operations before income taxes $ 60,615 $ 61,598 $ 98,480 $ 112,567 (Gain) loss on short term investments (4,591 ) — 10,128 — Interest expense, net 9,680 8,524 19,268 17,778 Restructuring and other related charges 16,946 11,060 24,875 15,833 Segment operating income $ 82,650 $ 81,182 $ 152,751 $ 146,178

Revenue (Policies)

Revenue (Policies)	6 Months Ended
	Jun. 29, 2018
Revenue [Abstract]
Revenue from Contract with Customer [Text Block]	Revenue The Company accounts for revenue in accordance with Topic 606, “Revenue from Contracts with Customers,” which the Company adopted on January 1, 2018, using the full retrospective method. Accordingly, the Company recognizes revenue when control of promised goods or services is transferred to the customer. The amount of revenue recognized reflects the consideration to which the Company expects to be entitled in exchange for transferring the goods or services. The nature of the Company’s contracts gives rise to certain types of variable consideration, including rebates and other discounts. The Company includes estimated amounts of variable consideration in the transaction price to the extent that it is probable there will not be a significant reversal of revenue. Estimates are based on historical or anticipated performance and represent the Company’s best judgment at the time. Any estimates are evaluated on a quarterly basis until the uncertainty is resolved. The Company provides a variety of products and services to its customers. Most of the Company’s contracts consist of a single, distinct performance obligation or promise to transfer goods or services to a customer. For contracts that include multiple performance obligations, the Company allocates the total transaction price to each performance obligation using the Company’s best estimate of the standalone selling price of each identified performance obligation. A majority of revenue recognized by the Company relates to contracts with customers for standard or off-the-shelf products. As control typically transfers to the customer upon delivery of the product in these circumstances, revenue is generally recognized at that point in time. For service contracts, the Company recognizes revenue ratably over the period of performance as the customer simultaneously receives and consumes the benefits of the services provided. The following tables disaggregate the Company’s revenue by segment and timing of transfer: Three Months Ended June 29, 2018 June 30, 2017 Fabrication Technology Air and Gas Handling Fabrication Technology Air and Gas Handling (in thousands) Point in time $ 560,857 $ 101,755 $ 492,597 $ 129,509 Over time — 262,676 2,200 223,656 Total $ 560,857 $ 364,431 $ 494,797 $ 353,165 Six Months Ended June 29, 2018 June 30, 2017 Fabrication Technology Air and Gas Handling Fabrication Technology Air and Gas Handling (in thousands) Point in time $ 1,093,870 $ 315,161 $ 952,658 $ 336,683 Over time 260 396,922 2,200 290,051 Total $ 1,094,130 $ 712,083 $ 954,858 $ 626,734 In certain contracts, particularly within the Air and Gas Handling segment, the Company is engaged to engineer and build highly-customized, large-scale products and systems. In these circumstances, the Company produces an asset with no alternative use and has a right to payment for performance completed to date. As a result, revenue is recognized over time based on progress to date. To measure progress, the Company uses an input method based on costs incurred relative to total estimated costs. Under this method, contract revenues are recognized over the performance period of the contract. The amount recognized is directly proportionate to the costs incurred as a percentage of total estimated costs for the entirety of the contract. This method requires estimates to determine the appropriate cost and revenue recognition. Significant management judgments and estimates, including estimated costs to complete projects, must be made and used in connection with revenue recognized during each period. Current estimates may be revised as additional information becomes available. The revisions are recorded in income in the period in which they are determined using the cumulative catch-up method of accounting. As of June 29, 2018, the Air and Gas Handling business had $837.5 million of remaining performance obligations, which is also referred to as total backlog. Of that total backlog, the Company expects to recognize approximately 64% as revenue in 2018 and an additional 36% thereafter. Given the nature of these long-term contracts, the Company is often paid at various points throughout the process, based on the contractual terms. The Company applies the available practical expedient involving the existence of a significant financing component. As the Company generally does not receive payments greater than one year in advance or arrears of revenue recognition, the Company does not consider any arrangements to include financing components. Any recognized revenues in excess of customer billings are recorded as a component of Trade receivables. Billings to customers in excess of recognized revenues are recorded as a component of Customer advances and billings in excess of costs incurred. For long-term contracts, amounts are billed as work progresses, based on the specified timeline included in the contractual terms. Each contract is evaluated individually to determine the net asset or net liability position. As of June 29, 2018 and December 31, 2017, there were $203.6 million and $203.9 million , respectively, of revenues in excess of billings and $79.7 million and $94.2 million , respectively, of billings in excess of revenues on long-term contracts in the Condensed Consolidated Balance Sheets. For contracts recognized at a point in time, revenue recognition and billing typically occur simultaneously. The Company’s Fabrication Technology business formulates, develops, manufactures and supplies consumable products and equipment. The vast majority of total revenue from the Fabrication Technology business is recognized at a point in time. As a result, of the total amount of remaining unsatisfied performance obligations, the majority relate to ship and bill arrangements. Given the nature of this business, the total amount of unsatisfied performance obligations with an original contract duration of greater than one year as of June 29, 2018 is immaterial. In some circumstances for both over time and point in time contracts, customers are billed in advance of revenue recognition, resulting in contract liabilities. As of December 31, 2017 and 2016, total contract liabilities were $133.3 million and $137.6 million , respectively. During the three and six months ended June 29, 2018, revenue recognized that was included in the contract liability balance at the beginning of the year was $40.6 million and $97.9 million , respectively. Of this total 71.7% and 70.6% , respectively, was related to long-term contracts which have met the criteria for over time recognition. During the three and six months ended June 30, 2017, revenue recognized that was included in the contract liability balance at the beginning of the year was $31.9 million and $97.7 million , respectively. Of this total 68.4% and 73.2% , respectively, was related to long-term contracts which have met the criteria for over time recognition. As of June 29, 2018 and June 30, 2017, total contract liabilities were $143.8 million and $130.1 million , respectively. The period of benefit for the Company’s incremental costs of obtaining a contract would generally have less than a one-year duration; therefore, the Company applies the practical expedient available and expenses costs to obtain a contract when incurred.

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 29, 2018
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 (Loss) income from discontinued operations for the three and six months ended June 29, 2018 and June 30, 2017 were as follows: Three Months Ended Six Months Ended June 29, 2018 June 30, 2017 June 29, 2018 June 30, 2017 (In thousands) Net sales $ — $ 117,870 $ — $ 229,166 Cost of sales — 75,236 — 146,994 Selling, general and administrative expense (1) 2,123 30,592 4,594 60,955 Divestiture-related expense, net (2) 1,283 750 2,358 1,600 Restructuring and other related items — (10,589 ) — (8,262 ) Operating (loss) income (3,406 ) 21,881 (6,952 ) 27,879 Interest income (3) — 106 — 265 Loss on disposal (4,337 ) — (4,337 ) — (Loss) income from discontinued operations before income taxes (7,743 ) 21,987 (11,289 ) 28,144 Income tax expense (4) 17,986 5,376 17,277 8,437 (Loss) income from discontinued operations, net of taxes $ (25,729 ) $ 16,611 $ (28,566 ) $ 19,707 (1) Pursuant to the Purchase Agreement, the Company retained its asbestos-related contingencies and insurance coverages. However, as the Company did 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 Income as part of (Loss) income from discontinued operations. See Note 14, “Commitments and Contingencies” for further information. (2) Primarily related to professional and consulting fees associated with the divestiture including due diligence and preparation of regulatory filings, as well as employee benefit arrangements and other disposition-related activities. (3) Interest expense has not been allocated to the discontinued operations. (4) Income tax expense for the three months ended June 29, 2018 was primarily related to incremental tax expense recognized due to changes in the estimated gain allocation by jurisdiction.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 29, 2018
Revenue [Abstract]
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]	The following tables disaggregate the Company’s revenue by segment and timing of transfer: Three Months Ended June 29, 2018 June 30, 2017 Fabrication Technology Air and Gas Handling Fabrication Technology Air and Gas Handling (in thousands) Point in time $ 560,857 $ 101,755 $ 492,597 $ 129,509 Over time — 262,676 2,200 223,656 Total $ 560,857 $ 364,431 $ 494,797 $ 353,165 Six Months Ended June 29, 2018 June 30, 2017 Fabrication Technology Air and Gas Handling Fabrication Technology Air and Gas Handling (in thousands) Point in time $ 1,093,870 $ 315,161 $ 952,658 $ 336,683 Over time 260 396,922 2,200 290,051 Total $ 1,094,130 $ 712,083 $ 954,858 $ 626,734

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
	Jun. 29, 2018
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 Six Months Ended June 29, 2018 June 30, 2017 June 29, 2018 June 30, 2017 (In thousands, except share data) Computation of Net income per share from continuing operations: Net income from continuing operations attributable to Colfax Corporation (1) $ 64,186 $ 36,783 $ 91,558 $ 72,229 Weighted-average shares of Common stock outstanding - basic 122,685,878 123,203,512 123,106,702 123,150,462 Net income per share from continuing operations - basic $ 0.52 $ 0.30 $ 0.74 $ 0.59 Computation of Net income per share from continuing operations - diluted: Net income from continuing operations attributable to Colfax Corporation (1) $ 64,186 $ 36,783 $ 91,558 $ 72,229 Weighted-average shares of Common stock outstanding - basic 122,685,878 123,203,512 123,106,702 123,150,462 Net effect of potentially dilutive securities - stock options and restricted stock units 286,867 750,614 403,664 730,560 Weighted-average shares of Common stock outstanding - diluted 122,972,745 123,954,126 123,510,366 123,881,022 Net income per share from continuing operations - diluted $ 0.52 $ 0.30 $ 0.74 $ 0.58 (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)	6 Months Ended
	Jun. 29, 2018
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss [Table Text Block]	The following tables present the changes in the balances of each component of Accumulated other comprehensive loss including reclassifications out of Accumulated other comprehensive loss for the six months ended June 29, 2018 and June 30, 2017 . All amounts are net of tax and noncontrolling interest, if any. 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, 2018 $ (84,338 ) $ (525,324 ) $ 30,138 $ (579,524 ) Other comprehensive income (loss) before reclassifications: Foreign currency translation adjustment 706 (138,014 ) (373 ) (137,681 ) Gain on long-term intra-entity foreign currency transactions — 9,861 — 9,861 Gain on net investment hedges — — 8,539 8,539 Unrealized loss on cash flow hedges — — (1,710 ) (1,710 ) Other comprehensive income (loss) before reclassifications 706 (128,153 ) 6,456 (120,991 ) Amounts reclassified from Accumulated other comprehensive loss (1) 1,835 — — 1,835 Net Other comprehensive income (loss) 2,541 (128,153 ) 6,456 (119,156 ) Balance at June 29, 2018 $ (81,797 ) $ (653,477 ) $ 36,594 $ (698,680 ) 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 (3,781 ) 158,603 (18 ) 154,804 Gain on long-term intra-entity foreign currency transactions — 6,136 — 6,136 Loss on net investment hedges — — (19,429 ) (19,429 ) Unrealized gain on cash flow hedges — — 5,015 5,015 Other comprehensive (loss) income before reclassifications (3,781 ) 164,739 (14,432 ) 146,526 Amounts reclassified from Accumulated other comprehensive loss (1) 2,727 — — 2,727 Net Other comprehensive (loss) income (1,054 ) 164,739 (14,432 ) 149,253 Balance at June 30, 2017 $ (182,243 ) $ (696,050 ) $ 39,201 $ (839,092 ) (1) Included in the computation of net periodic benefit cost. See Note 12, “Net Periodic Benefit Cost - Defined Benefit Plans” for additional details.

Inventories, Net (Tables)

Inventories, Net (Tables)	6 Months Ended
	Jun. 29, 2018
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories, net consisted of the following: June 29, 2018 December 31, 2017 (In thousands) Raw materials $ 151,301 $ 141,827 Work in process 94,575 74,704 Finished goods 286,696 254,479 532,572 471,010 Less: customer progress payments — (2,308 ) Less: allowance for excess, slow-moving and obsolete inventory (42,413 ) (39,075 ) Inventories, net $ 490,159 $ 429,627

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 29, 2018
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Long-term debt consisted of the following: June 29, 2018 December 31, 2017 (In thousands) Senior unsecured notes $ 403,595 $ 414,862 Term loans 559,949 615,095 Revolving credit facilities and other 110,051 31,114 Total debt 1,073,595 1,061,071 Less: current portion (6,180 ) (5,766 ) Long-term debt $ 1,067,415 $ 1,055,305

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
	Jun. 29, 2018
Accrued Liabilities [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	Accrued liabilities in the Condensed Consolidated Balance Sheets consisted of the following: June 29, 2018 December 31, 2017 (In thousands) Accrued payroll $ 97,716 $ 98,132 Accrued taxes 37,608 53,939 Accrued asbestos-related liability 53,834 50,311 Warranty liability - current portion 32,259 32,428 Accrued restructuring liability - current portion 14,561 12,509 Accrued third-party commissions 12,627 14,014 Other 84,441 97,299 Accrued liabilities $ 333,046 $ 358,632
Schedule of Product Warranty Liability [Table Text Block]	The activity in the Company’s warranty liability consisted of the following: Six Months Ended June 29, 2018 June 30, 2017 (In thousands) Warranty liability, beginning of period $ 34,177 $ 30,222 Accrued warranty expense 11,146 8,733 Changes in estimates related to pre-existing warranties 1,137 271 Cost of warranty service work performed (11,293 ) (11,403 ) Acquisitions — 13 Foreign exchange translation effect (1,189 ) 1,114 Warranty liability, end of period $ 33,978 $ 28,950
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	A summary of the activity in the Company’s restructuring liability included in Accrued liabilities and Other liabilities in the Condensed Consolidated Balance Sheets is as follows: Six Months Ended June 29, 2018 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) $ 12,038 $ 10,358 $ (12,199 ) $ (501 ) $ 9,696 Facility closure costs (2) (217 ) 1,415 (1,040 ) 122 280 11,821 11,773 (13,239 ) (379 ) 9,976 Non-cash charges (2) 118 11,891 Fabrication Technology: Termination benefits (1) 660 5,817 (5,605 ) (36 ) 836 Facility closure costs (2) 42 7,148 (3,439 ) (2 ) 3,749 702 12,965 (9,044 ) (38 ) 4,585 Corporate and Other: Facility closure costs (2) 84 19 (103 ) — — 84 19 (103 ) — — Total $ 12,607 $ 24,757 $ (22,386 ) $ (417 ) $ 14,561 Non-cash charges (2) 118 $ 24,875 (1) Includes severance and other termination benefits, including outplacement services. (2) Includes the cost of relocating associates, relocating equipment and lease termination expense in connection with the closure of facilities. (3) As of June 29, 2018 , $14.6 million of the Company’s restructuring liability was included in Accrued liabilities

Net Periodic Benefit Cost-Def33

Net Periodic Benefit Cost-Defined Benefit Plans (Tables)	6 Months Ended
	Jun. 29, 2018
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs [Table Text Block]	The following table sets forth the components of total net periodic benefit cost of the Company’s defined benefit pension plans and other post-retirement employee benefit plans: Three Months Ended Six Months Ended June 29, 2018 June 30, 2017 June 29, 2018 June 30, 2017 (In thousands) Pension Benefits - U.S. Plans: Service cost $ 40 $ 47 $ 81 $ 93 Interest cost 1,810 3,866 3,621 7,745 Expected return on plan assets (2,639 ) (5,340 ) (5,278 ) (10,679 ) Amortization 913 1,618 1,828 3,237 Net periodic benefit cost $ 124 $ 191 $ 252 $ 396 Pension Benefits - Non-U.S. Plans: Service cost $ 617 $ 1,053 $ 1,246 $ 1,998 Interest cost 5,668 6,667 9,550 13,179 Expected return on plan assets (6,444 ) (6,837 ) (11,119 ) (13,410 ) Amortization 258 683 526 1,673 Net periodic benefit cost $ 99 $ 1,566 $ 203 $ 3,440 Other Post-Retirement Benefits: Service cost $ 6 $ 11 $ 13 $ 21 Interest cost 123 242 246 485 Amortization (22 ) (100 ) (44 ) (200 ) Net periodic benefit cost $ 107 $ 153 $ 215 $ 306 During the three and six months ended June 30, 2017 , net periodic benefit cost of $1.2 million and $2.3 million , respectively, are included in (Loss) income from discontinued operations, net of taxes .

Financial Instruments and Fai34

Financial Instruments and Fair Value Measurements (Tables)	6 Months Ended
	Jun. 29, 2018
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: June 29, 2018 Level Level Level Total (In thousands) Assets: Cash equivalents $ 25,095 $ — $ — $ 25,095 Foreign currency contracts related to sales - designated as hedges — 965 — 965 Foreign currency contracts related to sales - not designated as hedges — 1,121 — 1,121 Foreign currency contracts related to purchases - designated as hedges — 1,127 — 1,127 Foreign currency contracts related to purchases - not designated as hedges — 795 — 795 Deferred compensation plans — 7,716 — 7,716 $ 25,095 $ 11,724 $ — $ 36,819 Liabilities: Foreign currency contracts related to sales - designated as hedges $ — $ 2,727 $ — $ 2,727 Foreign currency contracts related to sales - not designated as hedges — 145 — 145 Foreign currency contracts related to purchases - designated as hedges — 146 — 146 Foreign currency contracts related to purchases - not designated as hedges — 2,031 — 2,031 Deferred compensation plans — 7,716 — 7,716 $ — $ 12,765 $ — $ 12,765 December 31, 2017 Level Level Level Total (In thousands) Assets: Cash equivalents $ 24,083 $ — $ — $ 24,083 Short term investments — 149,608 — 149,608 Foreign currency contracts related to sales - designated as hedges — 3,287 — 3,287 Foreign currency contracts related to sales - not designated as hedges — 43 — 43 Foreign currency contracts related to purchases - designated as hedges — 493 — 493 Foreign currency contracts related to purchases - not designated as hedges — 1,038 — 1,038 Deferred compensation plans — 6,374 — 6,374 $ 24,083 $ 160,843 $ — $ 184,926 Liabilities: Foreign currency contracts related to sales - designated as hedges $ — $ 1,257 $ — $ 1,257 Foreign currency contracts related to sales - not designated as hedges — 740 — 740 Foreign currency contracts related to purchases - designated as hedges — 1,332 — 1,332 Foreign currency contracts related to purchases - not designated as hedges — 449 — 449 Deferred compensation plans — 6,374 — 6,374 $ — $ 10,152 $ — $ 10,152 There were no transfers in or out of Level One, Two or Three during the six months ended June 29, 2018 .
Schedule of Foreign Exchange Contracts, Notional Values	As of June 29, 2018 and December 31, 2017 , the Company had foreign currency contracts with the following notional values: June 29, 2018 December 31, 2017 (In thousands) Foreign currency contracts sold - not designated as hedges $ 140,347 $ 37,143 Foreign currency contracts sold - designated as hedges 140,939 174,194 Foreign currency contracts purchased - not designated as hedges 161,822 103,975 Foreign currency contracts purchased - designated as hedges 47,906 59,055 Total foreign currency derivatives $ 491,014 $ 374,367
Schedule of Derivative Instruments, Gain (Loss) in Condensed Consolidated Financial Statements [Table Text Block]	The Company recognized the following in its Condensed Consolidated Financial Statements related to its derivative instruments: Three Months Ended Six Months Ended June 29, 2018 June 30, 2017 June 29, 2018 June 30, 2017 (In thousands) Contracts Designated as Hedges: Foreign Currency Contracts - related to customer sales contracts: Unrealized (loss) gain $ (1,135 ) $ 1,628 $ 1,284 $ 2,717 Realized (loss) gain (3,600 ) 2,249 (4,392 ) 1,627 Foreign Currency Contracts - related to supplier purchase contracts: Unrealized (loss) gain (419 ) (194 ) (270 ) 639 Realized gain (loss) 1,638 (435 ) 1,793 (1,014 ) Unrealized gain (loss) on net investment hedges (1) 15,769 (15,954 ) 8,539 (19,429 ) Contracts Not Designated in a Hedge Relationship: Foreign Currency Contracts - related to customer sales contracts: Unrealized gain 735 1,462 1,649 260 Realized (loss) gain (600 ) 1,715 547 1,590 Foreign Currency Contracts - related to supplier purchases contracts: Unrealized (loss) gain (787 ) (286 ) (1,805 ) 604 Realized gain (loss) 204 (365 ) (324 ) (367 ) (1) The unrealized loss on net investment hedges is attributable to the change in valuation of Euro denominated debt.

Commitments and Contingencies35

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 29, 2018
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: Six Months Ended June 29, 2018 June 30, 2017 (Number of claims) Claims unresolved, beginning of period 17,737 20,567 Claims filed (1) 2,090 2,339 Claims resolved (2) (2,253 ) (4,869 ) Claims unresolved, end of period 17,574 18,037 (1) Claims filed include all asbestos claims for which notification has been received or a file has been opened. (2) 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: June 29, 2018 December 31, 2017 (In thousands) Long-term asbestos insurance asset (1) $ 277,493 $ 284,454 Long-term asbestos insurance receivable (1) 78,920 73,489 Accrued asbestos liability (2) 53,834 50,311 Long-term asbestos liability (3) 298,865 310,326 (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)	6 Months Ended
	Jun. 29, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The Company’s segment results were as follows: Three Months Ended Six Months Ended June 29, 2018 June 30, 2017 June 29, 2018 June 30, 2017 (In thousands) Net sales: Air and Gas Handling $ 364,431 $ 353,165 $ 712,083 $ 626,734 Fabrication Technology 560,857 494,797 1,094,130 954,858 $ 925,288 $ 847,962 $ 1,806,213 $ 1,581,592 Segment operating income (1) : Air and Gas Handling $ 26,673 $ 34,702 $ 50,055 $ 57,525 Fabrication Technology 71,092 60,825 135,230 116,464 Corporate and other (15,115 ) (14,345 ) (32,534 ) (27,811 ) $ 82,650 $ 81,182 $ 152,751 $ 146,178 (1) The following is a reconciliation of Income from continuing operations before income taxes to segment operating income: Three Months Ended Six Months Ended June 29, 2018 June 30, 2017 June 29, 2018 June 30, 2017 (In thousands) Income from continuing operations before income taxes $ 60,615 $ 61,598 $ 98,480 $ 112,567 (Gain) loss on short term investments (4,591 ) — 10,128 — Interest expense, net 9,680 8,524 19,268 17,778 Restructuring and other related charges 16,946 11,060 24,875 15,833 Segment operating income $ 82,650 $ 81,182 $ 152,751 $ 146,178

Recently Issued Accounting Pr37

Recently Issued Accounting Pronouncements Details Textual (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 29, 2018	Dec. 31, 2017
Tax Cuts And Jobs Act Of 2017, Transition Tax		$ 52,000
Tax Cuts And Jobs Act Of 2017, Incomplete Accounting, Provisional Income Tax Expense (Benefit)	$ 55,000
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption		$ 5,152

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($) $ in Thousands, shares in Millions		Dec. 11, 2017	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sale of Short-term Investments, net			$ 139,500		$ 139,480	$ 0
Expenses related to underwriting fees			5,800
Gain on short term investments			4,591
Disposal Group, Including Discontinued Operations, Statement of Income
Net sales			0	$ 117,870	0	229,166
Cost of sales			0	75,236	0	146,994
Selling, general and administrative expense	[1]		2,123	30,592	4,594	60,955
Divestiture-related expense, net	[2]		1,283	750	2,358	1,600
Restructuring and other related items			0	(10,589)	0	(8,262)
Operating (loss) income			(3,406)	21,881	(6,952)	27,879
Interest income	[3]		0	106	0	265
Loss on disposal			(4,337)		(4,337)
(Loss) income from discontinued operations before income taxes			(7,743)	21,987	(11,289)	28,144
Income tax expense	[4]		17,986	5,376	17,277	8,437
(Loss) income from discontinued operations, net of taxes			$ (25,729)	$ 16,611	$ (28,566)	19,707
Disposal Group, Including Discontinued Operation, Additional Disclosures [Abstract]
Cash Provided by Operating Activities, Discontinued Operations						47,300
Cash Used in Investing Activities, Discontinued Operations						$ 2,900
Fluid Handling [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total consideration		$ 860,600
Cash consideration for sale		$ 551,000
Shares consideration for sale, shares		3.3
Net retirement liabilities as part of the sale		$ 168,000
[1]	Pursuant to the Purchase Agreement, the Company retained its asbestos-related contingencies and insurance coverages. However, as the Company did 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 Income as part of (Loss) income from discontinued operations. See Note 14, “Commitments and Contingencies” for further information.
[2]	Primarily related to professional and consulting fees associated with the divestiture including due diligence and preparation of regulatory filings, as well as employee benefit arrangements and other disposition-related activities.
[3]	Interest expense has not been allocated to the discontinued operations.
[4]	Income tax expense for the three months ended June 29, 2018 was primarily related to incremental tax expense recognized due to changes in the estimated gain allocation by jurisdiction.

Acquisitions Acquisition (Detai

Acquisitions Acquisition (Details) - 6 months ended Jun. 29, 2018 kr in Millions, $ in Millions	SEK (kr)	USD ($)
Fabrication Technology
Business Combination, Consideration Transferred	kr 323.1	$ 41.1

Revenue (Details)

Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017
Total Revenue	$ 40,600	$ 31,900	$ 97,900	$ 97,700
Fabrication Technology
Revenue, Point in time	560,857	492,597	1,093,870	952,658
Revenue, Over time		2,200	260	2,200
Total Revenue	560,857	494,797	1,094,130	954,858
Air and Gas Handling
Revenue, Point in time	101,755	129,509	315,161	336,683
Revenue, Over time	262,676	223,656	396,922	290,051
Total Revenue	$ 364,431	$ 353,165	$ 712,083	$ 626,734

Revenue Details Textual (Detail

Revenue Details Textual (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Costs in Excess of Billings	$ 203.6		$ 203.6		$ 203.9
Billings in Excess of Cost	79.7		79.7		94.2
Contract with Customer, Liability, Revenue Recognized	$ 40.6	$ 31.9	$ 97.9	$ 97.7
Percentage of Revenue related to Long-term contract	71.70%	68.40%	70.60%	73.20%
Contract with Customer, Liability	$ 143.8	$ 130.1	$ 143.8	$ 130.1	$ 133.3	$ 137.6
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-01-01
Revenue remaining performance obligation percentage recognized	64.00%		64.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01
Revenue remaining performance obligation percentage recognized	36.00%		36.00%

Revenue Detail Textuals -2 (Det

Revenue Detail Textuals -2 (Details) $ in Millions	Jun. 29, 2018USD ($)
Air and Gas [Member]
Revenue, Remaining Performance Obligation	$ 837.5

Net Income Per Share (Details)

Net Income Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017
Earnings Per Share [Abstract]
Net income from continuing operations attributable to Colfax Corporation	[1]	$ 64,186	$ 36,783	$ 91,558	$ 72,229
Weighted-average shares of Common stock outstanding - basic		122,685,878	123,203,512	123,106,702	123,150,462
Net income per share from continuing operations, basic		$ 0.52	$ 0.30	$ 0.74	$ 0.59
Net effect of potentially dilutive securities - stock options and restricted stock units		286,867	750,614	403,664	730,560
Weighted-average shares of Common stock outstanding - diluted		122,972,745	123,954,126	123,510,366	123,881,022
Net income per share from continuing operations, diluted		$ 0.52	$ 0.30	$ 0.74	$ 0.58
[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		6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3.8	2.9	3.4	2.8

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income from continuing operations before income taxes	$ 60,615	$ 61,598	$ 98,480	$ 112,567
(Benefit) provision for income taxes	$ (6,893)	$ 19,734	$ (907)	$ 32,312
Effective Income Tax Rate, Continuing Operations	(11.40%)	32.00%	(0.90%)	28.70%
Discrete tax benefit	$ 20,800		$ 26,900	$ 900

Equity (Details - AOCI Componen

Equity (Details - AOCI Components) - USD ($) $ in Thousands		6 Months Ended
		Jun. 29, 2018	Jun. 30, 2017	Dec. 31, 2017
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance		$ (574,372)	$ (988,345)
Beginning Balance, adjusted for change of accounting principle				$ (579,524)
Foreign currency translation adjustment		(137,681)	154,804
Loss on long-term intra-entity foreign currency transactions		9,861	6,136
Loss on net investment hedges		8,539	(19,429)
Unrealized gain on cash flow hedges		(1,710)	5,015
Other comprehensive income (loss) before reclassifications		(120,991)	146,526
Amounts reclassified from Accumulated other comprehensive loss	[1]	1,835	2,727
Net current period other comprehensive income (loss)		(119,156)	149,253
Ending Balance		(698,680)	(839,092)
Net Unrecognized Pension And Other Post-Retirement Benefit Cost [Member]
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance		(84,338)	(181,189)
Foreign currency translation adjustment		706	(3,781)
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		706	(3,781)
Amounts reclassified from Accumulated other comprehensive loss	[1]	1,835	2,727
Net current period other comprehensive income (loss)		2,541	(1,054)
Ending Balance		(81,797)	(182,243)
Foreign Currency Translation Adjustment [Member]
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance		(525,324)	(860,789)
Foreign currency translation adjustment		(138,014)	158,603
Loss on long-term intra-entity foreign currency transactions		9,861	6,136
Loss on net investment hedges		0	0
Unrealized gain on cash flow hedges		0	0
Other comprehensive income (loss) before reclassifications		(128,153)	164,739
Amounts reclassified from Accumulated other comprehensive loss		0	0
Net current period other comprehensive income (loss)		(128,153)	164,739
Ending Balance		(653,477)	(696,050)
Unrealized Gain On Hedging Activities [Member]
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance		30,138	53,633
Foreign currency translation adjustment		(373)	(18)
Loss on long-term intra-entity foreign currency transactions		0	0
Loss on net investment hedges		8,539	(19,429)
Unrealized gain on cash flow hedges		(1,710)	5,015
Other comprehensive income (loss) before reclassifications		6,456	(14,432)
Amounts reclassified from Accumulated other comprehensive loss		0	0
Net current period other comprehensive income (loss)		6,456	(14,432)
Ending Balance		$ 36,594	$ 39,201
[1]	Included in the computation of net periodic benefit cost. See Note 12, “Net Periodic Benefit Cost - Defined Benefit Plans” for additional details.

Equity Equity Textual (Details)

Equity Equity Textual (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 29, 2018	Jun. 29, 2018	Jul. 19, 2018	Jun. 06, 2018	Feb. 12, 2018
Stock Repurchase Program, Authorized Amount			$ 100,000	$ 100,000	$ 100,000
Stock Repurchased and Retired During Period, Shares	4,604,974
Stock Repurchased and Retired During Period, Value		$ 143,902
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 56,087	$ 56,087

Inventories, Net (Details)

Inventories, Net (Details) - USD ($) $ in Thousands	Jun. 29, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Raw materials	$ 151,301	$ 141,827
Work in process	94,575	74,704
Finished goods	286,696	254,479
Inventory, gross	532,572	471,010
Less: customer progress payments	0	(2,308)
Less: allowance for excess, slow-moving and obsolete inventory	(42,413)	(39,075)
Inventories, net	$ 490,159	$ 429,627

Debt Components (Details)

Debt Components (Details) - USD ($) $ in Thousands	Jun. 29, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total Debt	$ 1,073,595	$ 1,061,071
Less: current portion	(6,180)	(5,766)
Long-term debt	1,067,415	1,055,305
Senior unsecured notes [Member]
Debt Instrument [Line Items]
Total Debt	403,595	414,862
Term Debt [Member]
Debt Instrument [Line Items]
Total Debt	559,949	615,095
Revolving credit facilities and other [Member]
Debt Instrument [Line Items]
Total Debt	$ 110,051	$ 31,114

Debt (Details Textual)

Debt (Details Textual) $ in Thousands, € in Millions	Apr. 19, 2017EUR (€)	Jun. 29, 2018USD ($)	Jun. 30, 2017USD ($)	Apr. 19, 2017USD ($)
Proceeds from borrowings on senior unsecured notes		$ 0	$ 374,451
Repayments of Debt | €	€ 283.5
Deferred Finance Costs, Net		8,100
Debt discount		2,600
Letter of Credit Subfacility, Maximum Borrowing Capacity		757,800
Letters of Credit, Amount Outstanding		$ 392,100
Debt Instrument, Covenant Compliance		As of June 29, 2018, the Company is in compliance with the covenants under the DB Credit Agreement.
DB credit agreement [Member]
Long-term Debt, Weighted Average Interest Rate		3.49%
Line of Credit Facility, Remaining Borrowing Capacity		$ 1,200,000
Senior unsecured notes [Member]
Proceeds from borrowings on senior unsecured notes | €	€ 350
Euro Bond Coupon Rate		3.25%
Deferred Finance Costs, Net				$ 6,000
Bilateral agreements [Member]
Long-term Debt, Weighted Average Interest Rate		1.19%
Line of Credit Facility, Maximum Borrowing Capacity		$ 214,700
Outstanding borrowings		$ 52,900

Accrued Liabilities Chart (Deta

Accrued Liabilities Chart (Details) - USD ($) $ in Thousands		Jun. 29, 2018	Dec. 31, 2017
Accrued Liabilities [Abstract]
Accrued payroll		$ 97,716	$ 98,132
Accrued taxes		37,608	53,939
Accrued asbestos-related liability	[1]	53,834	50,311
Warranty liability - current portion		32,259	32,428
Accrued restructuring liability - current portion		14,561	12,509
Accrued third-party commissions		12,627	14,014
Other		84,441	97,299
Accrued liabilities		$ 333,046	$ 358,632
[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	6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty liability, beginning of period	$ 34,177	$ 30,222
Accrued warranty expense	11,146	8,733
Changes in estimates related to pre-existing warranties	1,137	271
Cost of warranty service work performed	(11,293)	(11,403)
Acquisitions	0	13
Foreign exchange translation effect	(1,189)	1,114
Warranty liability, end of period	$ 33,978	$ 28,950

Restructuring Rollforward (Deta

Restructuring Rollforward (Details) $ in Thousands	6 Months Ended
	Jun. 29, 2018USD ($)
Balance at Beginning of Period	$ 12,607
Provisions	24,875
Non cash charges	118	[1]
Payments	(22,386)
Foreign Currency Translation	(417)
Balance at End of Period	14,561	[2]
Restructuring Provisions before Non-Cash Charges	24,757
Air and Gas Handling
Balance at Beginning of Period	11,821
Provisions	11,891
Non cash charges	118	[1]
Payments	(13,239)
Foreign Currency Translation	(379)
Balance at End of Period	9,976	[2]
Restructuring Provisions before Non-Cash Charges	11,773
Fabrication Technology
Balance at Beginning of Period	702
Payments	(9,044)
Foreign Currency Translation	(38)
Balance at End of Period	4,585	[2]
Restructuring Provisions before Non-Cash Charges	12,965
Corporate and other
Balance at Beginning of Period	84
Provisions	19
Payments	(103)
Foreign Currency Translation	0
Balance at End of Period	0	[2]
Termination benefits [Member] | Air and Gas Handling
Balance at Beginning of Period	12,038	[3]
Provisions	10,358	[3]
Payments	(12,199)	[3]
Foreign Currency Translation	(501)	[3]
Balance at End of Period	9,696	[2],[3]
Termination benefits [Member] | Fabrication Technology
Balance at Beginning of Period	660	[3]
Provisions	5,817	[3]
Payments	(5,605)	[3]
Foreign Currency Translation	(36)	[3]
Balance at End of Period	836	[2],[3]
Facility closure costs [Member] | Air and Gas Handling
Balance at Beginning of Period	(217)	[1]
Provisions	1,415	[1]
Payments	(1,040)	[1]
Foreign Currency Translation	122	[1]
Balance at End of Period	280	[1],[2]
Facility closure costs [Member] | Fabrication Technology
Balance at Beginning of Period	42	[1]
Provisions	7,148	[1]
Payments	(3,439)	[1]
Foreign Currency Translation	(2)	[1]
Balance at End of Period	3,749	[1],[2]
Facility closure costs [Member] | Corporate and other
Balance at Beginning of Period	84	[1]
Provisions	19	[1]
Payments	(103)	[1]
Foreign Currency Translation	0	[1]
Balance at End of Period	$ 0	[1],[2]
[1]	Includes the cost of relocating associates, relocating equipment and lease termination expense in connection with the closure of facilities.
[2]	As of June 29, 2018, $14.6 million of the Company’s restructuring liability was included in Accrued liabilities.
[3]	Includes severance and other termination benefits, including outplacement services.

Accrued Liabilities (Details Te

Accrued Liabilities (Details Textual) - USD ($) $ in Thousands	Jun. 29, 2018	Dec. 31, 2017
Restructuring Cost and Reserve [Line Items]
Accrued restructuring liability - current portion	$ 14,561	$ 12,509
Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	40,000
Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	$ 50,000

Net Periodic Benefit Cost-Def55

Net Periodic Benefit Cost-Defined Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017
Discontinued Operation [Member]
Net periodic benefit cost (income)		$ 1,200		$ 2,300
Pension Benefits-U.S. Plans: [Member]
Service cost	$ 40	47	$ 81	93
Interest cost	1,810	3,866	3,621	7,745
Expected return on plan assets	(2,639)	(5,340)	(5,278)	(10,679)
Amortization	913	1,618	1,828	3,237
Net periodic benefit cost (income)	124	191	252	396
Pension Benefits - Non-U.S. Plans: [Member]
Service cost	617	1,053	1,246	1,998
Interest cost	5,668	6,667	9,550	13,179
Expected return on plan assets	(6,444)	(6,837)	(11,119)	(13,410)
Amortization	258	683	526	1,673
Net periodic benefit cost (income)	99	1,566	203	3,440
Other Post-Retirement Benefits: [Member]
Service cost	6	11	13	21
Interest cost	123	242	246	485
Amortization	(22)	(100)	(44)	(200)
Net periodic benefit cost (income)	$ 107	$ 153	$ 215	$ 306

Fair Value Hierarchy (Details)

Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Jun. 29, 2018	Dec. 31, 2017
Cash equivalents	$ 25,095	$ 24,083
Short-term Investments	0	149,608
Deferred compensation plans asset	7,716	6,374
Deferred compensation plans liability	7,716	6,374
Assets, Fair Value Disclosure	36,819	184,926
Liabilities, Fair Value Disclosure	12,765	10,152
Fair Value, Inputs, Level 1 [Member]
Cash equivalents	25,095	24,083
Assets, Fair Value Disclosure	25,095	24,083
Fair Value, Inputs, Level 2 [Member]
Short-term Investments		149,608
Deferred compensation plans asset	7,716	6,374
Deferred compensation plans liability	7,716	6,374
Assets, Fair Value Disclosure	11,724	160,843
Liabilities, Fair Value Disclosure	12,765	10,152
Foreign currency contracts related to customer sales contracts
Foreign currency contracts designated as hedges, Assets	965	3,287
Foreign currency contracts not designated as hedges, Assets	1,121	43
Foreign currency contracts designated as hedges, Liabilities	2,727	1,257
Foreign currency contracts not designated as hedges, Liability	145	740
Foreign currency contracts related to customer sales contracts | Fair Value, Inputs, Level 2 [Member]
Foreign currency contracts designated as hedges, Assets	965	3,287
Foreign currency contracts not designated as hedges, Assets	1,121	43
Foreign currency contracts designated as hedges, Liabilities	2,727	1,257
Foreign currency contracts not designated as hedges, Liability	145	740
Foreign currency contracts related to supplier purchase contracts
Foreign currency contracts designated as hedges, Assets	1,127	493
Foreign currency contracts not designated as hedges, Assets	795	1,038
Foreign currency contracts designated as hedges, Liabilities	146	1,332
Foreign currency contracts not designated as hedges, Liability	2,031	449
Foreign currency contracts related to supplier purchase contracts | Fair Value, Inputs, Level 2 [Member]
Foreign currency contracts designated as hedges, Assets	1,127	493
Foreign currency contracts not designated as hedges, Assets	795	1,038
Foreign currency contracts designated as hedges, Liabilities	146	1,332
Foreign currency contracts not designated as hedges, Liability	$ 2,031	$ 449

Foreign Currency Contracts Noti

Foreign Currency Contracts Notional Values (Details) - USD ($) $ in Thousands	Jun. 29, 2018	Dec. 31, 2017
Derivative, Notional Amount	$ 491,014	$ 374,367
Foreign currency contracts related to customer sales contracts | Not Designated As Hedging Instrument [Member]
Derivative, Notional Amount	140,347	37,143
Foreign currency contracts related to customer sales contracts | Designated As Hedging Instrument [Member]
Derivative, Notional Amount	140,939	174,194
Foreign currency contracts related to supplier purchase contracts | Not Designated As Hedging Instrument [Member]
Derivative, Notional Amount	161,822	103,975
Foreign currency contracts related to supplier purchase contracts | Designated As Hedging Instrument [Member]
Derivative, Notional Amount	$ 47,906	$ 59,055

Gain (Loss) On Derivative Instr

Gain (Loss) On Derivative Instruments (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017
Unrealized (loss) gain on net investment hedges				$ 8,539	$ (19,429)
Designated As Hedging Instrument [Member]
Unrealized (loss) gain on net investment hedges	[1]	$ 15,769	$ (15,954)	8,539	(19,429)
Designated As Hedging Instrument [Member] | Foreign currency contracts related to customer sales contracts
Unrealized gain (loss) on Foreign Currency Contracts		(1,135)	1,628	1,284	2,717
Realized gain (loss) on Foreign Currency Contracts		(3,600)	2,249	(4,392)	1,627
Designated As Hedging Instrument [Member] | Foreign currency contracts related to supplier purchase contracts
Unrealized gain (loss) on Foreign Currency Contracts		(419)	(194)	(270)	639
Realized gain (loss) on Foreign Currency Contracts		1,638	(435)	1,793	(1,014)
Not Designated As Hedging Instrument [Member] | Foreign currency contracts related to customer sales contracts
Unrealized gain (loss) on Foreign Currency Contracts		735	1,462	1,649	260
Realized gain (loss) on Foreign Currency Contracts		(600)	1,715	547	1,590
Not Designated As Hedging Instrument [Member] | Foreign currency contracts related to supplier purchase contracts
Unrealized gain (loss) on Foreign Currency Contracts		(787)	(286)	(1,805)	604
Realized gain (loss) on Foreign Currency Contracts		$ 204	$ (365)	$ (324)	$ (367)
[1]	The unrealized loss on net investment hedges is attributable to the change in valuation of Euro denominated debt.

Financial Instruments and Fai59

Financial Instruments and Fair Value Measurements (Details Textual) - USD ($) $ in Billions	Jun. 29, 2018	Dec. 31, 2017
Financial Instruments and Fair Value Measurements [Abstract]
Long-term Debt, Fair Value	$ 1.1	$ 1.1

Claims Rollforward (Details)

Claims Rollforward (Details) - Asbestos_claims		6 Months Ended
		Jun. 29, 2018	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Claims unresolved, beginning of period		17,737	20,567
Claims filed	[1]	2,090	2,339
Claims resolved	[2]	(2,253)	(4,869)
Claims unresolved, end of period		17,574	18,037
[1]	Claims filed include all asbestos claims for which notification has been received or a file has been opened.
[2]	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		Jun. 29, 2018	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Long-term asbestos insurance asset	[1]	$ 277,493	$ 284,454
Long-term asbestos insurance receivable	[1]	78,920	73,489
Accrued asbestos liability	[2]	53,834	50,311
Long-term asbestos liability	[3]	$ 298,865	$ 310,326
[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 (Details)

Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 29, 2018	Jun. 30, 2017	Jun. 29, 2018	Jun. 30, 2017
Net sales		$ 925,288	$ 847,962	$ 1,806,213	$ 1,581,592
Income from continuing operations before income taxes		60,615	61,598	98,480	112,567
(Gain) loss on short term investments		(4,591)	0	10,128	0
Interest expense		9,680	8,524	19,268	17,778
Restructuring and other related charges		16,946	11,060	24,875	15,833
Segment Operating Income (Loss)	[1]	82,650	81,182	152,751	146,178
Air and Gas Handling
Net sales		364,431	353,165	712,083	626,734
Segment Operating Income (Loss)	[1]	26,673	34,702	50,055	57,525
Fabrication Technology
Net sales		560,857	494,797	1,094,130	954,858
Segment Operating Income (Loss)	[1]	71,092	60,825	135,230	116,464
Corporate and other
Segment Operating Income (Loss)	[1]	$ (15,115)	$ (14,345)	$ (32,534)	$ (27,811)
[1]	The following is a reconciliation of Income from continuing operations before income taxes to segment operating income: