KLX (KLXI) 10-Q 28 May 15 2016 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Apr. 30, 2015	25-May-15
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	30-Apr-15
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1
Entity Current Reporting Status	Yes
Entity Registrant Name	KLX Inc.
Entity Central Index Key	1617898
Current Fiscal Year End Date	-30
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		52,747,915

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)	Apr. 30, 2015	Jan. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Current assets:
Cash and cash equivalents	$429.10	$447.20	$470.80
Accounts receivable – trade, less allowance for doubtful accounts ($8.9 at April 30, 2015, $8.0 at January 31, 2015, $8.1 at December 31, 2014)	305.7	304.2	308
Inventories	1,314.10	1,322.10	1,289.20
Deferred income taxes	39.1	37.2	37.5
Other current assets	53.2	51.3	50.6
Total current assets	2,141.20	2,162	2,156.10
Property and equipment, net of accumulated depreciation ($80.5 at April 30, 2015, $67.1 at January 31, 2015, $63.1 at December 31, 2014)	354.3	333.3	332.2
Goodwill	1,284.80	1,286.50	1,328.70
Identifiable intangible assets, net	450.5	457.3	442.3
Other assets	45.1	45.4	44.3
Total assets	4,275.90	4,284.50	4,303.60
Current liabilities:
Accounts payable	161.3	142.5	149.9
Deferred acquisition payments		92.2	92.2
Accrued liabilities	127.5	98.1	88.1
Total current liabilities	288.8	332.8	330.2
Long-term debt	1,200	1,200	1,200
Deferred income taxes	133.5	121.9	123.5
Other non-current liabilities	30.3	28.7	29.6
Commitments, contingencies and off-balance sheet arrangements (Note 10)
Stockholders' equity:
Common stock, $0.01 par value; 250.0 million shares authorized; 52.7 million shares issued as of April 30, 2015, 52.8 million shares issued as of January 31, 2015 and 52.5 million shares issued as of December 31, 2014	0.5	0.5	0.5
Additional paid-in capital	2,649.60	2,644.80	2,644.10
Treasury stock: 1,467 shares at April 30, 2015 and 0 shares at January 31, 2015 and December 31, 2014	-0.1
Retained earnings	29.2	11.3	4.2
Accumulated other comprehensive loss	-55.9	-55.5	-28.5
Total stockholders' equity	2,623.30	2,601.10	2,620.30
Total liabilities and equity	$4,275.90	$4,284.50	$4,303.60

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Apr. 30, 2015	Jan. 31, 2015	Dec. 31, 2014
In Millions, except Share data, unless otherwise specified
Statement Of Financial Position [Abstract]
Accounts receivable - trade, allowance for doubtful accounts	$8.90	$8	$8.10
Property and equipment, accumulated depreciation	$80.50	$67.10	$63.10
Preferred stock, par value	$0.01	$0.01	$0.01
Preferred stock, shares authorized	1,000,000	1,000,000	1,000,000
Preferred stock, shares outstanding	0	0	0
Common stock, par value	$0.01	$0.01	$0.01
Common stock, shares authorized	250,000,000	250,000,000	250,000,000
Common stock, shares issued	52,700,000	52,800,000	52,500,000
Treasury stock	1,467	0	0

CONDENSED_CONSOLIDATED_AND_COM

CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF EARNINGS AND COMPREHENSIVE INCOME (UNAUDITED) (USD $)	1 Months Ended		3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Jan. 31, 2015		Apr. 30, 2015		Mar. 31, 2014
Income Statement [Abstract]
Product revenues	$93.10		$348		$326.40
Service revenues	39.9		83.5		44.5
Total revenues	133		431.5		370.9
Cost of sales - products	67.1		243.7		224.7
Cost of sales - services	28.5		80.2		31.1
Total cost of sales	95.6		323.9		255.8
Selling, general and administrative	19.7		60.1		46.2
Operating earnings	17.7	[1]	47.5	[1]	68.9	[1]
Interest expense	6.3		18.6		-0.1
Earnings before income taxes	11.4		28.9		69
Income tax (benefit) expense	4.3		11		25
Net earnings	7.1		17.9		44
Other comprehensive income (loss):
Foreign currency translation adjustment excluding spinoff amount	-27		-0.4		1
Comprehensive income	($19.90)		$17.50		$45
Net earnings per share from continuing operations - basic	$0.14		$0.34		$0.84
Net earnings per share from discontinued operations - basic	$0.14		$0.34		$0.84
Net earnings per share - basic	$0.14		$0.34		$0.84
Net earnings per share - diluted	$0.14		$0.34		$0.84
Weighted average common shares - basic	52.2		52.2		52.2
Weighted average common shares - diluted	52.3		52.3		52.3
[1]	Operating earnings include an allocation of employee benefits and general and administrative costs based on the proportion of each segment’s number of employees and sales, respectively.

CONDENSED_CONSOLIDATED_AND_COM1

CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	1 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2015	Apr. 30, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$7.10	$17.90	$44
Adjustments to reconcile net earnings to net cash flows provided by operating activities, net of effects from acquisitions:
Depreciation and amortization	7.3	20.9	11.3
Deferred income taxes	-0.4	9.8	9.5
Non-cash compensation	0.7	3.9	1
Tax benefits realized from prior exercises of employee stock options and restricted stock		-0.9	-0.2
Provision for doubtful accounts	-0.1	0.9
Loss on disposal of property and equipment		0.5	0.1
Changes in operating assets and liabilities:
Accounts receivable	1.9	-2.3	-48.7
Inventories	-34.6	7.9	-46.9
Other current and non-current assets	-2.6	-1.6	-9.8
Accounts payable	-7.2	18.4	61.4
Other current and non-current liablities	12.8	31.2	-20.6
Net cash flows provided by operating activities	-15.1	106.6	1.1
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	-6.2	-35.6	-21
Acquisitions, net of cash acquired		1	-256.4
Net cash flows used in investing activities	-6.2	-34.6	-277.4
CASH FLOWS FROM FINANCING ACTIVITIES:
Purchase of treasury stock		-0.1
Tax benefits realized from prior exercises of employee stock options and restricted stock		0.9	0.2
Net transfers (to) from B/E Aerospace			234.3
Deferred acquisition payments		-91
Net cash flows provided by financing activities		-90.2	234.5
Effect of foreign exchange rate changes on cash and cash equivalents	-2.3	0.1	0.4
Net (decrease) increase in cash and cash equivalents	-23.6	-18.1	-41.4
Cash and cash equivalents, beginning of period	470.8	447.2	78.6
Cash and cash equivalents, end of period	447.2	429.1	37.2
Cash paid during period for:
Income taxes	0.6	3.6	16.9
Interest		$0.40

Description_of_Business_and_Ba

Description of Business and Basis of Presentation	3 Months Ended
	Apr. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	Note 1.Description of Business and Basis of Presentation
	On December 17, 2014, B/E Aerospace, Inc. (“Former Parent” or “B/E Aerospace”) created an independent public company through a spin-off of its Aerospace Solutions Group (“ASG”) and Energy Services Group (“ESG”) businesses to Former Parent’s stockholders (“Spin-Off”). As a result of the Spin-Off, KLX Inc. (the “Company” or “KLX”) now operates as an independent, publicly traded company. Basic and diluted earnings per common share and the average number of common shares outstanding were retrospectively restated for the three months ended March 31, 2014 for the number of the Company’s shares outstanding immediately following the transaction.
	On February 24, 2015, the Board of Directors approved a change in the Company's fiscal year end from December 31 to January 31. This change to the new reporting cycle began February 1, 2015. As a result of the change, the Company is reporting a January 2015 fiscal month transition period, which is reported in this Quarterly Report on Form 10-Q for the quarter ended April 30, 2015 and will be in the Company's Annual Report on Form 10-K for the calendar year ending January 31, 2016.
	Financial information for the three months ended April 30, 2014 has not been included in this Form 10-Q for the following reasons: (i) the three month period ended March 31, 2014 provides a meaningful comparison for the three months ended April 30, 2015; (ii) there are no significant factors, seasonal or otherwise, that would impact the comparability of information if the results for the three months ended April 30, 2014 were presented in lieu of results for the three-month period ended March 31, 2014; and (iii) it was not practicable or cost justified to prepare this information.
	The accompanying unaudited condensed consolidated and combined financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. All adjustments which, in the opinion of management, are considered necessary for a fair presentation of the results of operations for the periods shown are of a normal recurring nature and have been reflected in the condensed consolidated and combined financial statements. The results of operations for the periods presented are not necessarily indicative of the results expected for the full fiscal year or for any future period. The information included in these condensed consolidated and combined financial statements should be read in conjunction with the consolidated and combined financial statements and accompanying notes included in the KLX Inc. Annual Report on Form 10-K for the fiscal year ended December 31, 2014.
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts and related disclosures. Actual results could differ from those estimates.
	The Company’s unaudited condensed consolidated and combined financial statements include KLX and its wholly owned subsidiaries. Prior to the Spin-Off on December 17, 2014, KLX’s financial statements were derived from B/E Aerospace’s consolidated and combined financial statements and accounting records as if it was operated on a stand-alone basis and were prepared in accordance with GAAP. All intercompany transactions and account balances within the Company have been eliminated.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	3 Months Ended
	Apr. 30, 2015
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 2.Recent Accounting Pronouncements
	In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-03, Simplifying the Presentation of Debt Issuance Costs, which updated the guidance in ASC Topic 835, Interest. The updated guidance is effective retrospectively for annual periods and interim periods within the annual periods beginning after December 15, 2015. Early adoption is permitted, including early adoption in an interim period. The amendment requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The Company will adopt ASU 2015-03 in the fiscal year beginning February 1, 2016 and currently has debt issuance costs of $27.4,  $28.2 and $28.5 as of April 30, 2015, January 31, 2015 and December 31, 2014 respectively, included in other assets.
	In May 2014, FASB issued ASU 2014-09, Revenue from Contracts with Customers, which updated the guidance in ASC Topic 606, Revenue Recognition. The amendments in this update are effective for annual reporting periods beginning after December 15, 2016. Early application is not permitted. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should identify the contract(s) with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract and recognize revenue when (or as) the entity satisfies a performance obligation. The Company is currently evaluating the impact this guidance will have on its consolidated financial condition, results of operations, cash flows and disclosures and is currently unable to estimate the impact of adopting this guidance.

Business_Combinations

Business Combinations	3 Months Ended
	Apr. 30, 2015
Business Combinations [Abstract]
Divestitures and Business Combinations	Note 3.Business Combinations
	During 2013, the Company acquired the assets of Blue Dot Energy Services, LLC (“Blue Dot”) and Bulldog Frac Rentals, LLC (“Bulldog”) (the “2013 Acquisitions”), providers of parts distribution, rental equipment and on-site services to the oil and gas industry, for a net purchase price of $114.0. The excess of the purchase price over the fair value of the identifiable assets acquired approximated $70.6, of which $33.2 was allocated to identified intangible assets, consisting of customer contracts and relationships and covenants not to compete, and $37.4 is included in goodwill. The useful life assigned to the customer contracts and relationships is 20 years, and the covenants not to compete are being amortized over their contractual periods of five years.
	In January 2014, the Company acquired the assets of the LT Energy Services group of companies ("LT"), an Eagle Ford Shale provider of rental equipment, for a net purchase price of approximately $102.5. In February 2014, the Company acquired the assets of Wildcat Wireline LLC ("Wildcat"), a provider of wireline services primarily in the Eagle Ford Shale and also in the Marcellus/Utica Shales, for a net purchase price of approximately $153.4. In April 2014, the Company acquired the assets of the Vision Oil Tools, LLC group of companies ("Vision"), a provider of technical services and associated rental equipment to the energy sector. Vision established a new geographical base of operations for the Company in the North Dakota (Williston/Bakken) and Rocky Mountain regions. The total purchase price was $175.7,  which included a deferred payment of $35.0,  which was paid during the first quarter of fiscal year 2015 based on the achievement of 2014 financial results. In April 2014, the Company acquired the assets of the Marcellus Gasfield Services group of companies ("MGS") engaged in manufacturing and rental of equipment in the Marcellus/Utica Shales for approximately $44.0. During June 2014, the Company also acquired the assets of the Cornell Solutions group of companies ("Cornell"), which provides technical services and rental equipment to the energy sector in the Eagle Ford Shale and Permian Basin. The total purchase price was $128.2,  which included a deferred payment of $56.0,  which was paid during the first quarter of fiscal year 2015 based on the achievement of 2014 financial results. These acquisitions are referred to collectively as the "2014 Acquisitions."
	For the 2014 Acquisitions, based on our preliminary purchase price allocation, the excess of the purchase price over the fair value of the identifiable assets acquired approximated $431.3, of which $152.9 was allocated to identified intangible assets, consisting of customer contracts and relationships and covenants not to compete, and $278.4 is included in goodwill. The useful life assigned to the customer contracts and relationships is between 11-20 years, and the covenants not to compete are being amortized over their contractual periods of five years.
	The 2014 and 2013 Acquisitions were accounted for as purchases under FASB ASC 805, Business Combinations (“ASC 805”). The assets purchased and liabilities assumed for the 2014 and 2013 Acquisitions have been reflected in the accompanying consolidated balance sheets as of April 30, 2015, January 31, 2015 and December 31, 2014 and the results of operations for the 2014 and 2013 Acquisitions are included in the accompanying consolidated and combined statements of earnings from the respective dates of acquisition.
	The Company completed its evaluation and allocation of the purchase price for the MGS and Vision acquisitions during the first quarter of fiscal 2015. The Company has not yet finalized its allocation of the purchase price for the Cornell acquisition as the valuation of certain assets, principally intangible assets, is not yet complete.
	The following table summarizes the current estimates of fair values of assets acquired and liabilities assumed in the 2014 and 2013 Acquisitions in accordance with ASC 805, which are currently recorded based on management’s estimates as follows:
									Other
									2014
			Wildcat		Vision		Cornell		Acquisitions		2014		2013
	Accounts receivable-trade		$	0.4	$	10.8	$	10.5	$	15.1	$	36.8	$	14.8
	Inventories			1.3		--		--		0.4		1.7		3.9
	Other current and non-current assets			--		2.4		--		0.1		2.5		0.2
	Property and equipment			30.3		44.1		28.5		40.5		143.4		35.5
	Goodwill			83.7		69.8		66.6		58.3		278.4		37.4
	Identified intangibles			37.7		50.1		24.5		40.6		152.9		33.2
	Accounts payable			--		-1.5		-0.7		-4.3		-6.5		-10
	Other current and non-current liabilities			--		-35		-57.2		-4.2		-96.4		-1
	Total consideration paid		$	153.4	$	140.7	$	72.2	$	146.5	$	512.8	$	114.0
	The majority of the goodwill and other intangible assets related to the 2014 and 2013 Acquisitions is expected to be deductible for tax purposes.
	Revenues and net earnings from the 2013 Acquisitions and 2014 Acquisitions, which are included in the Company’s results for the three months ended April 30, 2015 and March 31, 2014 and the one month ended January 31, 2015, were as follows:
			THREE MONTHS ENDED				MONTH ENDED
			APRIL 30,		MARCH 31,		JANUARY 31,
			2015		2014		2015
	Revenues		$	83.5	$	44.5	$	39.9
	Net earnings (loss)			-8.2		3.4		3.0
	On a pro forma basis to give effect to the 2013 and 2014 Acquisitions as if they occurred on January 1, 2013, revenues and net earnings for the three months ended March 31, 2014 were as follows:
		MARCH 31,
		2014
		Pro forma
	Revenues	423.0
	Net earnings	53.1
	Earnings per diluted share	1.02

Inventories

Inventories	3 Months Ended
	Apr. 30, 2015
Inventory Disclosure [Abstract]
Inventories	Note 4. Inventories
	Inventories, made up of finished goods, primarily consist of aerospace fasteners and consumables. The Company values inventories at the lower of cost or market, using first‑in, first‑out or weighted average cost method. The Company regularly reviews inventory quantities on hand and records a provision for excess and obsolete inventory based primarily on historical demand, estimated product demand to support contractual supply agreements with its customers and the age of the inventory, among other factors. Demand for the Company’s products can fluctuate from period to period depending on customer activity. Inventory reserves were approximately $35.2,  $33.5 and $33.0 as of April 30, 2015, January 31, 2015 and December 31, 2014,  respectively.
	Substantially all of our inventory is comprised of aerospace grade fasteners, which support original equipment manufacturer (“OEM”) production and the aftermarket over the life of the airframe. Inventory with a limited shelf life is continually monitored and reserved for in advance of expiration. The provision for inventory with limited shelf life is relatively insignificant and has not exceeded $0.5 during the past three years.

Goodwill_and_Intangible_Assets

Goodwill and Intangible Assets	3 Months Ended
	Apr. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 5.Goodwill and Intangible Assets
	The table below sets forth the intangible assets by major asset class, all of which were acquired through business purchase transactions:
					April 30,  2015
		Useful Life			Original		Accumulated		Net Book
		(Years)			Cost		Amortization		Value
	Customer contracts and relationships	8	-	30	$	530.9	$	108.9	$	422.0
	Covenants not to compete	4	-	5		17.2		6.3		10.9
	Trade names	Indefinite				17.6		-		17.6
					$	565.7	$	115.2	$	450.5
	Amortization expense associated with identifiable intangible assets was approximately $6.6,  $6.3 and $2.8 for the three months ended April 30, 2015 and March 31, 2014 and the one month ended January 31, 2015, respectively. The Company currently expects to recognize amortization expense of approximately $27 in each of the next five fiscal years. The future amortization amounts are estimates. Actual future amortization expense may be different due to future acquisitions, impairments, changes in amortization periods or other factors such as changes in exchange rates for assets acquired outside the United States. The Company expenses costs to renew or extend the term of a recognized intangible asset. Goodwill decreased $1.7 as compared to January 31, 2015 as a result of purchase price allocation adjustments and foreign currency translations and decreased $43.9 as compared to December 31, 2014, as a result of purchase price allocation adjustments associated with the 2014 Acquisitions and foreign currency translations.
	The fair value of the ESG reporting unit exceeded the carrying value by approximately 28% as of December 31, 2014, and approximately $319.5 of goodwill has been allocated to the ESG reporting unit as of April 30, 2015. The precipitous decline in oil and gas prices, which began in late 2014 and which has resulted in significant cut backs in capital expenditures by our oil and gas customers, continued into the first quarter of 2015. The approximately 50% year-over-year decline in onshore rig count has led to a reduction in our customers’ capital expenditures and has negatively impacted our business in the form of volume declines and pricing concessions across many of the service lines and geographies in which we operate. In response to these evolving industry conditions, our approach is to first ensure that we manage our ESG business prudently by closely monitoring costs while positioning our resources in those activities and regions, which we believe will maximize our revenue opportunities. Secondly, our strategy is to maintain sufficient liquidity to take advantage of opportunities that will present themselves. We will also focus on operational excellence and continuous improvement initiatives. Finally, we will work hard to uncover high return acquisition opportunities over the next 18-24 months. However, there can be no assurance such measures will prevent our ESG business from suffering continued operating losses from reduction in the volume and/or pricing of its services. ESG's cash flow projections were a significant input into the December 31, 2014 fair value. If the ESG business continues to be unable to achieve projected results or long-term projections are adjusted downward, it could negatively impact future valuations of the ESG reporting unit and result in a material impairment charge.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Apr. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Note 6. Related Party Transactions
	The condensed combined statements of earnings and comprehensive income for the three months ended March 31, 2014 include an allocation of general corporate expenses from Former Parent.  These costs were allocated to the Company on a systematic and reasonable basis when identifiable, with the remainder allocated on the basis of costs incurred, headcount or other measures.
	Allocations for general corporate expenses, including management costs and corporate support services provided to the Company, totaled $6.4 for the three months ended March 31, 2014. These amounts include costs for functions including executive management, finance, legal, information technology, human resources, employee benefits administration, treasury, risk management, procurement and other shared services.
	In connection with the Spin-Off, we have created in-house some of the functions that were previously provided to us through corporate allocations from Former Parent. In addition, we have entered into certain agreements with Former Parent relating to transition services and IT services for a transitional period of approximately 24 months following the Spin-Off. In addition, we entered into an employee matters agreement and a tax sharing and indemnification agreement with Former Parent in connection with the Spin-Off. This transitional support enables KLX to establish its stand-alone processes for various activities that were previously provided by Former Parent and does not constitute significant continuing support of KLX’s operations. The Company does not expect those agreements to have a material effect on our financial statements.  Costs incurred pursuant to these arrangements for the one and three month periods ended January 31, 2015 and April 30, 2015 were $0.8 and $2.4, respectively.
	Sales and cost of sales to affiliates for the three months ended April 30, 2015 and March 31, 2014 and the one month ended January 31, 2015 were not significant.

Accrued_Liabilities

Accrued Liabilities	3 Months Ended
	Apr. 30, 2015
Payables And Accruals [Abstract]
Accrued Liabilities	Note 7.Accrued Liabilities
	Accrued liabilities consist of the following:
		April 30,  2015		January 31,  2015		December 31, 2014
	Accrued salaries, vacation and related benefits	$	24.9	$	14.9	$	13.2
	Income tax payable		20.1		23.3		19.7
	Other taxes accrued		6.2		6.7		5.6
	Accrued interest		26.6		9.0		3.1
	Other accrued liabilities		49.7		44.2		46.5
		$	127.5	$	98.1	$	88.1

LongTerm_Debt

Long-Term Debt	3 Months Ended
	Apr. 30, 2015
Debt Disclosure [Abstract]
LONG-TERM DEBT	Note 8.Long-Term Debt
	As of April 30, 2015, long-term debt consisted of $1,200.0 aggregate principal amount of the Company’s 5.875% senior unsecured notes due 2022 (the “5.875% Notes”). As of April 30, 2015, the Company also had a $500.0 secured revolving credit facility pursuant to a credit agreement dated as of December 16, 2014 (the “Revolving Credit Facility”).
	Borrowings under the Revolving Credit Facility bear interest at an annual rate equal to the London interbank offered rate (“LIBOR”) (as defined in the Revolving Credit Facility) plus the applicable margin (as defined).  No amounts were outstanding under the Revolving Credit Facility as of April 30, 2015.
	On May 19, 2015, we amended the secured Revolving Credit Facility to a structure tied to a borrowing base formula, and in the process increased the size to $750.0 while reducing the interest rate margins applicable to any borrowings under the facility. As a result, the amended and restated line of credit has no maintenance financial covenants.  This amended and restated credit facility matures in May 2020.
	Letters of credit outstanding under the Revolving Credit Facility aggregated $0.4 at each of April 30, 2015, January 31, 2015 and December 31, 2014.

Fair_Value_Measurements

Fair Value Measurements	3 Months Ended
	Apr. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 9.Fair Value Measurements
	All short-term financial instruments are generally carried at amounts that approximate estimated fair value. The fair value is the price at which an asset could be exchanged in a current transaction between knowledgeable, willing parties. Assets measured at fair value are categorized based upon the lowest level of significant input to the valuations.
	Level 1 – quoted prices in active markets for identical assets and liabilities.
	Level 2 – quoted prices for identical assets and liabilities in markets that are not active, or observable inputs other than quoted prices in active markets for identical assets and liabilities.
	Level 3 – unobservable inputs in which there is little or no market data available, which require the reporting entity to develop its own assumptions.
	The carrying amounts of cash and cash equivalents (which the Company classifies as Level 1 assets), accounts receivable – trade and accounts payable represent their respective fair values due to their short- term nature. There was no debt outstanding under the Revolving Credit Facility as of April 30, 2015. The fair value of the Company’s senior notes, based on market prices for publicly-traded debt (which the Company classifies as Level 2 inputs), was $1,210.6, $1,182.0 and $1,206.0 as of April 30, 2015, January 31, 2015 and December 31, 2014 respectively.

Commitments_Contingencies_and_

Commitments, Contingencies and Off-Balance Sheet Arrangements	3 Months Ended
	Apr. 30, 2015
Commitments, Contingencies and Off-Balance Sheet Arrangements
Commitments, Contingencies and Off-Balance Sheet Arrangements	Note 10.Commitments, Contingencies and Off-Balance Sheet Arrangements
	Lease Commitments - The Company finances its use of certain facilities and equipment under committed lease arrangements provided by various institutions. Since the terms of these arrangements meet the accounting definition of operating lease arrangements, the aggregate sum of future minimum lease payments is not reflected on the condensed consolidated balance sheets. At April 30, 2015, future minimum lease payments under these arrangements approximated $99.9, the majority of which related to long-term real estate leases.
	Litigation - The Company is a defendant in various legal actions arising in the normal course of business, the outcomes of which, in the opinion of management, neither individually nor in the aggregate are likely to result in a material adverse effect on the Company’s combined financial statements.
	Indemnities, Commitments and Guarantees - During its normal course of business, the Company has made certain indemnities, commitments and guarantees under which it may be required to make payments in relation to certain transactions. These indemnities include indemnities to various lessors in connection with facility leases for certain claims arising from such facility or lease and indemnities to other parties to certain acquisition agreements. The duration of these indemnities, commitments and guarantees varies, and in certain cases, is indefinite. Many of these indemnities, commitments and guarantees provide for limitations on the maximum potential future payments the Company could be obligated to make. However, the Company is unable to estimate the maximum amount of liability related to its indemnities, commitments and guarantees because such liabilities are contingent upon the occurrence of events that are not reasonably determinable. Management believes that any liability for these indemnities, commitments and guarantees would not be material to the accompanying combined financial statements. Accordingly, no significant amounts have been accrued for indemnities, commitments and guarantees.
	The Company has employment agreements with three year initial terms, which renew for one additional year on each anniversary date, with certain key members of management. The Company’s employment agreements generally provide for certain protections in the event of a change of control. These protections generally include the payment of severance and related benefits under certain circumstances in the event of a change of control.
	Environmental Matters - In July 2014, one of the Company’s German businesses, Interturbine Aviation Logistics GmbH (ITL), which was acquired by B/E Aerospace Systems Holding GmbH (now known as KLX Aerospace Solutions DE Holding GmbH) in July 2012, was informed by German authorities that it had allegedly violated certain provisions of environmental and health and safety regulations related to the import and sale of certain chemical products for the period of 2009 through 2013. The Company is cooperating with German authorities and currently investigating the amounts of chemical products that were imported and sold allegedly in violation of the applicable laws. The ITL executive pre-acquisition continued to operate the business through July 2014, at which time he was removed. These violations could result in an administrative monetary penalty and a disgorgement of profits from the sale of products sold in violation of the applicable laws. While the Company is not currently able to determine the probability or estimable range of liability, if any, which it may ultimately be found to be responsible for that is not covered by any indemnity claims against the seller of ITL, it does not believe an adverse outcome would be material to the Company.

Accounting_for_StockBased_Comp

Accounting for Stock-Based Compensation	3 Months Ended
	Apr. 30, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Accounting for Stock-Based Compensation	Note 11.Accounting for Stock-Based Compensation
	The Company has a Long-Term Incentive Plan (“LTIP”) under which the Company’s Compensation Committee has the authority to grant stock options, stock appreciation rights, restricted stock, restricted stock units or other forms of equity-based or equity-related awards.
	The Company accounts for share-based compensation arrangements in accordance with the provisions of FASB ASC 718, Compensation—Stock Compensation (“ASC 718”), whereby share-based compensation cost is measured on the date of grant, based on the fair value of the award, and is recognized over the requisite service period.
	Compensation cost recognized during the three months ended March 31, 2014 related to grants of restricted stock and restricted stock units granted or approved by our Former Parent. All unvested shares of restricted stock were converted into unvested shares of KLX on the distribution date at a ratio equal to 1.8139.  Compensation cost recognized during the three months ended April 30, 2015 and March 31, 2014 and the one month ended January 31, 2015 related to the unvested shares converted on the distribution date and new shares of KLX restricted stock and stock options granted in January 2015 was $3.8,  $1.0 and $0.7, respectively. Unrecognized compensation expense related to these grants was $35.7 at April 30, 2015.
	The Company has established a qualified Employee Stock Purchase Plan similar to the Former Parent’s plan (“KLX Plan”). The KLX Plan allows qualified employees (as defined in the plan) to participate in the purchase of designated shares of KLX’s common stock at a price equal to 85% of the closing price for each semi-annual stock purchase period. The fair value of employee purchase rights represents the difference between the closing price of KLX’s shares on the date of purchase and the purchase price of the shares. Compensation cost for this plan was not material to any of the periods presented.

Segment_Reporting

Segment Reporting	3 Months Ended
	Apr. 30, 2015
Segment Reporting
Segment Reporting	Note 12.Segment Reporting
	The Company is organized based on the products and services it offers. As a result of the ESG acquisitions, the Company determined that ESG met the requirements of a reportable segment operating in a single line of business. The Company’s ASG reportable segment, which is also its operating segment, is comprised of consumables management and is in a single line of business. The segment regularly reports its results of operations and makes requests for capital expenditures and acquisition funding to the Company’s chief operational decision-making group (“CODM”). This group is comprised of the Chairman and Chief Executive Officer, the President and Chief Operating Officer and the Vice President – Chief Financial Officer and Treasurer. As a result, the CODM has determined the Company has two reportable segments.
	The following table presents revenues and operating earnings by reportable segment:
			THREE MONTHS ENDED				MONTH ENDED
			APRIL 30,		MARCH 31,		JANUARY 31,
			2015		2014		2015
	Aerospace solutions group		$	348.0	$	326.4	$	93.1
	Energy services group			83.5		44.5		39.9
	Total revenues			431.5		370.9		133.0
	Operating earnings (1)
	Aerospace solutions group			60.8		63.6		12.9
	Energy services group			-13.3		5.3		4.8
	Total operating earnings			47.5		68.9		17.7
	Interest expense (income)			18.6		-0.1		6.3
	Earnings before income taxes		$	28.9	$	69.0	$	11.4
		-1		Operating earnings include an allocation of employee benefits and general and administrative costs based on the proportion of each segment’s number of employees and sales, respectively.
	The following table presents capital expenditures by reportable segment:
			THREE MONTHS ENDED				MONTH ENDED
			APRIL 30,		MARCH 31,		JANUARY 31,
			2015		2014		2015
	Aerospace solutions group		$	5.4	$	4.2	$	1.7
	Energy services group			30.2		16.8		4.5
			$	35.6	$	21.0	$	6.2
	Corporate capital expenditures have been allocated to the above segments based on each segment’s percentage of total capital expenditures.
	The following table presents goodwill by reportable segment:
			April 30,		January 31,		December 31,
			2015		2015		2014
	Aerospace solutions group		$	965.3	$	965.8	$	986.3
	Energy services group			319.5		320.7		342.4
			$	1,284.8	$	1,286.5	$	1,328.7
	The following table presents total assets by reportable segment:
			April 30,		January 31,		December 31,
			2015		2015		2014
	Aerospace solutions group		$	3,311.0	$	3,298.5	$	3,316.1
	Energy services group			964.9		986.0		987.5
			$	4,275.9	$	4,284.5	$	4,303.6
	Corporate assets (including cash and cash equivalents) of $488.7, $510.9 and $531.4 at April 30, 2015 January 31, 2015 and December 31, 2014, respectively, have been allocated to the above segments based on each segment’s percentage of total assets.

Net_Earnings_Per_Common_Share

Net Earnings Per Common Share	3 Months Ended
	Apr. 30, 2015
Earnings Per Share [Abstract]
Net Earnings Per Common Share	Note 13.Net Earnings Per Common Share
	Basic net earnings per common share is computed using the weighted average common shares outstanding during the period. Diluted net earnings per common share is computed by using the weighted average common shares outstanding including the dilutive effect of stock options, shares issued under the KLX Plan and restricted shares based on an average share price during the period. For the three months ended  April 30, 2015 and March 31, 2014 and the one month ended January 31, 2015, approximately 1.0,   0.1 and 1.0 shares of the Company’s common stock, respectively, were excluded from the determination of diluted earnings per common share because their effect would have been anti-dilutive. The computations of basic and diluted earnings per share for the three months ended April 30, 2015 and March 31, 2014 and the one month ended January 31, 2015, respectively, are as follows:
		THREE MONTHS ENDED				MONTH ENDED
		APRIL 30,		MARCH 31,		JANUARY 31,
		2015		2014		2015
	Net earnings	$	17.9	$	44.0	$	7.1
	(shares in millions)
	Basic weighted average common shares		52.2		52.2		52.2
	Effect of dilutive securities - Dilutive securities		0.1		0.1		0.1
	Diluted weighted average common shares		52.3		52.3		52.3
	Basic net earnings per common share	$	0.34	$	0.84	$	0.14
	Diluted net earnings per common share	$	0.34	$	0.84	$	0.14

Accounting_for_Uncertainty_in_

Accounting for Uncertainty in Income Taxes	3 Months Ended
	Apr. 30, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	Note 14.Accounting for Uncertainty in Income Taxes
	In accordance with FASB ASC 740, Income Taxes (“ASC 740”), the Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. As of April 30, 2015 and March 31, 2014 and the one month ended January 31, 2015, the Company had $9.3,  $1.7 and $9.4, respectively, of net unrecognized tax benefits. This liability, if recognized, would affect the Company’s effective tax rate. The Company is currently open to audit by the tax authorities for the seven tax years ended December 31, 2014. There are currently no material income tax audits in progress.
	The Company classifies interest and penalties related to income tax as income tax expense. The amount included in the Company’s liability for unrecognized tax benefits for interest and penalties was immaterial at April 30, 2015, March 31, 2014 and January 31, 2015.

Recent_Accounting_Pronouncemen1

Recent Accounting Pronouncements (Policies)	3 Months Ended
	Apr. 30, 2015
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-03, Simplifying the Presentation of Debt Issuance Costs, which updated the guidance in ASC Topic 835, Interest. The updated guidance is effective retrospectively for annual periods and interim periods within the annual periods beginning after December 15, 2015. Early adoption is permitted, including early adoption in an interim period. The amendment requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The Company will adopt ASU 2015-03 in the fiscal year beginning February 1, 2016 and currently has debt issuance costs of $27.4,  $28.2 and $28.5 as of April 30, 2015, January 31, 2015 and December 31, 2014 respectively, included in other assets.
	In May 2014, FASB issued ASU 2014-09, Revenue from Contracts with Customers, which updated the guidance in ASC Topic 606, Revenue Recognition. The amendments in this update are effective for annual reporting periods beginning after December 15, 2016. Early application is not permitted. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should identify the contract(s) with a customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract and recognize revenue when (or as) the entity satisfies a performance obligation. The Company is currently evaluating the impact this guidance will have on its consolidated financial condition, results of operations, cash flows and disclosures and is currently unable to estimate the impact of adopting this guidance

Business_Combinations_Tables

Business Combinations (Tables)	3 Months Ended
	Apr. 30, 2015
Business Combinations [Abstract]
Estimates Of Fair Values Of Assets Acquired And Liabilities Assumed
									Other
									2014
			Wildcat		Vision		Cornell		Acquisitions		2014		2013
	Accounts receivable-trade		$	0.4	$	10.8	$	10.5	$	15.1	$	36.8	$	14.8
	Inventories			1.3		--		--		0.4		1.7		3.9
	Other current and non-current assets			--		2.4		--		0.1		2.5		0.2
	Property and equipment			30.3		44.1		28.5		40.5		143.4		35.5
	Goodwill			83.7		69.8		66.6		58.3		278.4		37.4
	Identified intangibles			37.7		50.1		24.5		40.6		152.9		33.2
	Accounts payable			--		-1.5		-0.7		-4.3		-6.5		-10
	Other current and non-current liabilities			--		-35		-57.2		-4.2		-96.4		-1
	Total consideration paid		$	153.4	$	140.7	$	72.2	$	146.5	$	512.8	$	114.0
Business Combination Revenues And Net Earnings Included In Company Results
			THREE MONTHS ENDED				MONTH ENDED
			APRIL 30,		MARCH 31,		JANUARY 31,
			2015		2014		2015
	Revenues		$	83.5	$	44.5	$	39.9
	Net earnings (loss)			-8.2		3.4		3.0
Consolidated Unaudited Pro Forma Revenues, Net Earnings and Diluted Net Earnings Per Share
		MARCH 31,
		2014
		Pro forma
	Revenues	423.0
	Net earnings	53.1
	Earnings per diluted share	1.02

Goodwill_and_Intangible_Assets1

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Apr. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets by Major Asset Class
					April 30,  2015
		Useful Life			Original		Accumulated		Net Book
		(Years)			Cost		Amortization		Value
	Customer contracts and relationships	8	-	30	$	530.9	$	108.9	$	422.0
	Covenants not to compete	4	-	5		17.2		6.3		10.9
	Trade names	Indefinite				17.6		-		17.6
					$	565.7	$	115.2	$	450.5

Accrued_Liabilities_Tables

Accrued Liabilities (Tables)	3 Months Ended
	Apr. 30, 2015
Payables And Accruals [Abstract]
Accrued Liabilities
		April 30,  2015		January 31,  2015		December 31, 2014
	Accrued salaries, vacation and related benefits	$	24.9	$	14.9	$	13.2
	Income tax payable		20.1		23.3		19.7
	Other taxes accrued		6.2		6.7		5.6
	Accrued interest		26.6		9.0		3.1
	Other accrued liabilities		49.7		44.2		46.5
		$	127.5	$	98.1	$	88.1

Segment_Reporting_Tables

Segment Reporting (Tables)	3 Months Ended
	Apr. 30, 2015
Segment Reporting
Revenues and Operating Earnings by Reportable Segment
			THREE MONTHS ENDED				MONTH ENDED
			APRIL 30,		MARCH 31,		JANUARY 31,
			2015		2014		2015
	Aerospace solutions group		$	348.0	$	326.4	$	93.1
	Energy services group			83.5		44.5		39.9
	Total revenues			431.5		370.9		133.0
	Operating earnings (1)
	Aerospace solutions group			60.8		63.6		12.9
	Energy services group			-13.3		5.3		4.8
	Total operating earnings			47.5		68.9		17.7
	Interest expense (income)			18.6		-0.1		6.3
	Earnings before income taxes		$	28.9	$	69.0	$	11.4
		-1		Operating earnings include an allocation of employee benefits and general and administrative costs based on the proportion of each segment’s number of employees and sales, respectively.
Capital Expenditures by Reportable Segment
			THREE MONTHS ENDED				MONTH ENDED
			APRIL 30,		MARCH 31,		JANUARY 31,
			2015		2014		2015
	Aerospace solutions group		$	5.4	$	4.2	$	1.7
	Energy services group			30.2		16.8		4.5
			$	35.6	$	21.0	$	6.2
Goodwill by Reportable Segment
			April 30,		January 31,		December 31,
			2015		2015		2014
	Aerospace solutions group		$	965.3	$	965.8	$	986.3
	Energy services group			319.5		320.7		342.4
			$	1,284.8	$	1,286.5	$	1,328.7
Total Assets by Reportable Segment
			April 30,		January 31,		December 31,
			2015		2015		2014
	Aerospace solutions group		$	3,311.0	$	3,298.5	$	3,316.1
	Energy services group			964.9		986.0		987.5
			$	4,275.9	$	4,284.5	$	4,303.6

Net_Earnings_Per_Common_Share_

Net Earnings Per Common Share (Tables)	3 Months Ended
	Apr. 30, 2015
Earnings Per Share [Abstract]
Computations of Basic and Diluted Earnings Per Share
		THREE MONTHS ENDED				MONTH ENDED
		APRIL 30,		MARCH 31,		JANUARY 31,
		2015		2014		2015
	Net earnings	$	17.9	$	44.0	$	7.1
	(shares in millions)
	Basic weighted average common shares		52.2		52.2		52.2
	Effect of dilutive securities - Dilutive securities		0.1		0.1		0.1
	Diluted weighted average common shares		52.3		52.3		52.3
	Basic net earnings per common share	$	0.34	$	0.84	$	0.14
	Diluted net earnings per common share	$	0.34	$	0.84	$	0.14

Recent_Accounting_Pronouncemen2

Recent Accounting Pronouncements (Details) (USD $)	1 Months Ended	3 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2015	Apr. 30, 2015	Dec. 31, 2014
Debt Instruments [Abstract]
Debt issuance costs	$28.20	$27.40	$28.50

Business_Combinations_Details

Business Combinations (Details) (USD $)	1 Months Ended	3 Months Ended		12 Months Ended	1 Months Ended				12 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2015	Apr. 30, 2015	Mar. 31, 2014	Dec. 31, 2013	Apr. 30, 2014	Jun. 30, 2014	Jan. 31, 2014	Feb. 28, 2014	Dec. 31, 2014
Business Combinations
Purchase price, net of cash acquired		($1)	$256.40
Goodwill	1,286.50	1,284.80							1,328.70
Acquisitions revenues	39.9	83.5	44.5
Acquisition net earnings	3	-8.2	3.4
Blue Dot
Business Combinations
Purchase price, net of cash acquired				114
Identified intangible assets including goodwill				70.6
Identified intangibles				33.2
Goodwill				37.4
Vision Oil Tools, LLC
Business Combinations
Identified intangibles		50.1
Goodwill		69.8
Cash paid for business acquisition		35			175.7
Cornell
Business Combinations
Identified intangibles		24.5
Goodwill		66.6
Cash paid for business acquisition						128.2
Additional cash payment to be made on acquisition						56
Marcellus/Utica basin
Business Combinations
Cash paid for business acquisition					44
LT Energy Services
Business Combinations
Cash paid for business acquisition							102.5
Wildcat Wireline LLC
Business Combinations
Identified intangibles		37.7
Goodwill		83.7
Cash paid for business acquisition								153.4
2014 Acquisitions
Business Combinations
Identified intangible assets including goodwill									431.3
Identified intangibles		152.9							152.9
Goodwill		278.4							278.4
2013 Acquisitions
Business Combinations
Identified intangibles		33.2
Goodwill		$37.40
Customer contracts and relationships | Minimum
Business Combinations
Useful life (years)		8 years
Customer contracts and relationships | Maximum
Business Combinations
Useful life (years)		30 years
Customer contracts and relationships | Blue Dot
Business Combinations
Useful life (years)				20 years
Customer contracts and relationships | 2014 Acquisitions | Minimum
Business Combinations
Useful life (years)									11 years
Customer contracts and relationships | 2014 Acquisitions | Maximum
Business Combinations
Useful life (years)									20 years
Covenants not to compete and other identified intangibles | Minimum
Business Combinations
Useful life (years)		4 years
Covenants not to compete and other identified intangibles | Maximum
Business Combinations
Useful life (years)		5 years
Covenants not to compete and other identified intangibles | Blue Dot
Business Combinations
Useful life (years)				5 years
Covenants not to compete and other identified intangibles | 2014 Acquisitions
Business Combinations
Useful life (years)									5 years

Business_Combinations_Details2

Business Combinations (Details2) (USD $)	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 31, 2014	Apr. 30, 2015	Jan. 31, 2015	Dec. 31, 2014
Business Combination, Separately Recognized Transactions [Line Items]
Goodwill		$1,284.80	$1,286.50	$1,328.70
Unaudited pro forma revenues had business acquisitions occurred at the beginning of the period	423
Unaudited pro forma net earnings had business acquisitions occurred at the beginning of the period	53.1
Unaudited pro forma diluted net earnings per share had business acquisitions occurred at the beginning of the period	$1.02
2014 Acquisitions
Business Combination, Separately Recognized Transactions [Line Items]
Accounts receivable-trade		36.8
Inventories		1.7
Other current and non-current assets		2.5
Property and equipment		143.4
Goodwill		278.4		278.4
Identified intangibles		152.9		152.9
Accounts payable		-6.5
Other current and non-current liabilities		-96.4
Total purchase price		512.8
Wildcat Wireline LLC
Business Combination, Separately Recognized Transactions [Line Items]
Accounts receivable-trade		0.4
Inventories		1.3
Property and equipment		30.3
Goodwill		83.7
Identified intangibles		37.7
Total purchase price		153.4
Vision Oil Tools, LLC
Business Combination, Separately Recognized Transactions [Line Items]
Accounts receivable-trade		10.8
Other current and non-current assets		2.4
Property and equipment		44.1
Goodwill		69.8
Identified intangibles		50.1
Accounts payable		-1.5
Other current and non-current liabilities		-35
Total purchase price		140.7
Cornell
Business Combination, Separately Recognized Transactions [Line Items]
Accounts receivable-trade		10.5
Property and equipment		28.5
Goodwill		66.6
Identified intangibles		24.5
Accounts payable		-0.7
Other current and non-current liabilities		-57.2
Total purchase price		72.2
Other 2014 Acquisitions
Business Combination, Separately Recognized Transactions [Line Items]
Accounts receivable-trade		15.1
Inventories		0.4
Other current and non-current assets		0.1
Property and equipment		40.5
Goodwill		58.3
Identified intangibles		40.6
Accounts payable		-4.3
Other current and non-current liabilities		-4.2
Total purchase price		146.5
2013 Acquisitions
Business Combination, Separately Recognized Transactions [Line Items]
Accounts receivable-trade		14.8
Inventories		3.9
Other current and non-current assets		0.2
Property and equipment		35.5
Goodwill		37.4
Identified intangibles		33.2
Accounts payable		-10
Other current and non-current liabilities		-1
Total purchase price		$114

Inventories_Details

Inventories (Details) (USD $)	Apr. 30, 2015	Jan. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Inventory reserves	$35.20	$33.50	$33
Maximum
Provision for inventory with limited shelf life	$0.50	$0.50	$0.50

Goodwill_and_Intangible_Assets2

Goodwill and Intangible Assets (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Jan. 31, 2015	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Line Items]
Intangible assets, original cost	565.7
Accumulated Amortization	115.2
Intangible assets, net book value	450.5	457.3	442.3
Customer contracts and relationships
Goodwill and Intangible Assets Disclosure [Line Items]
Intangible assets, original cost	530.9
Accumulated Amortization	108.9
Intangible assets, net book value	422
Customer contracts and relationships | Minimum
Goodwill and Intangible Assets Disclosure [Line Items]
Useful life (years)	8 years
Customer contracts and relationships | Maximum
Goodwill and Intangible Assets Disclosure [Line Items]
Useful life (years)	30 years
Covenants not to compete and other identified intangibles
Goodwill and Intangible Assets Disclosure [Line Items]
Intangible assets, original cost	17.2
Accumulated Amortization	6.3
Intangible assets, net book value	10.9
Covenants not to compete and other identified intangibles | Minimum
Goodwill and Intangible Assets Disclosure [Line Items]
Useful life (years)	4 years
Covenants not to compete and other identified intangibles | Maximum
Goodwill and Intangible Assets Disclosure [Line Items]
Useful life (years)	5 years
Trade names
Goodwill and Intangible Assets Disclosure [Line Items]
Intangible assets, original cost	17.6
Intangible assets, net book value	17.6

Goodwill_and_Intangible_Assets3

Goodwill and Intangible Assets (Details2) (USD $)	1 Months Ended	3 Months Ended		4 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2015	Apr. 30, 2015	Mar. 31, 2014	Apr. 30, 2015	Dec. 31, 2014
Amortization expense on identifiable intangible assets	$2.80	$6.60	$6.30
Expected amortization expenses in year one		27		27
Expected amortization expenses in year two		27		27
Expected amortization expenses in year three		27		27
Expected amortization expenses in year four		27		27
Expected amortization expenses in year five		27		27
Goodwill decrease during period		-1.7		-43.9
Goodwill	1,286.50	1,284.80		1,284.80	1,328.70
Minimum
Period of time over which the company will work to uncover high return acquisition opportunities		18 months
Maximum
Period of time over which the company will work to uncover high return acquisition opportunities		24 months
Energy services group
Fair value of ESG reporting unit in excess of carrying value (in percentage)					28.00%
Goodwill	$320.70	$319.50		$319.50	$342.40
Percentage of decline in onshore rig count		50.00%

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	1 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2015	Apr. 30, 2015	Mar. 31, 2014
Commitments, Contingencies and Off-Balance Sheet Arrangements
Transitional period		24 months
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party			$6.40
Cost incurred pursuant to arrangements	$0.80	$2.40

Accrued_Liabilities_Details

Accrued Liabilities (Details) (USD $)	Apr. 30, 2015	Jan. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Payables And Accruals [Abstract]
Accrued salaries, vacation and related benefits	$24.90	$14.90	$13.20
Income taxes payable	20.1	23.3	19.7
Accrued VAT	6.2	6.7	5.6
Accrued interest	26.6	9	3.1
Other accrued liabilities	49.7	44.2	46.5
Accrued Liabilities, Current, Total	$127.50	$98.10	$88.10

LongTerm_Debt_Details

Long-Term Debt (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015	Dec. 16, 2014	31-May-15
Debt Instrument [Line Items]
Outstanding letter of credit amount	$0.40
Revolving Credit Facility
Debt Instrument [Line Items]
Revolving credit facility	0	500
Revolving Credit Facility | Subsequent Event
Debt Instrument [Line Items]
Revolving credit facility			750
Senior Unsecured Notes 5.875 Percent Due 2022
Debt Instrument [Line Items]
Aggregate principal amount	$1,200
Debt, interest rate	5.88%

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (USD $)	Apr. 30, 2015	Jan. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Senior Unsecured Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior unsecured notes, fair value	$1,210.60	$1,182	$1,206
Revolving Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long Term Debt	$0

Commitments_Contingencies_and_1

Commitments, Contingencies and Off-Balance Sheet Arrangements - Additional Information (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015
	item
Commitments, Contingencies and Off-Balance Sheet Arrangements
Operating Leases Future Minimum Payments Due	$99.90
Initial term of employment agreements	3 years
Number of additional years for which employment agreements may renew.	1 year
Number of German businesses which allegedly violated regulations	1

Accounting_for_StockBased_Comp1

Accounting for Stock-Based Compensation - (Details) (USD $)	1 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2015	Apr. 30, 2015	Mar. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Share conversion ratio		1.8139
Share based compensation	$0.70	$3.80	$1
Unrecognized compensation cost		$35.70
Qualified employees purchase of stock at a price equal to percentage of closing price		85.00%

Revenues_and_Operating_Earning

Revenues and Operating Earnings by Reportable Segment (Details) (USD $)	1 Months Ended		3 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2015		Apr. 30, 2015		Mar. 31, 2014
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$133		$431.50		$370.90
Operating earnings	17.7	[1]	47.5	[1]	68.9	[1]
Interest expense	6.3		18.6		-0.1
Earnings before income taxes	11.4		28.9		69
Aerospace solutions group
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	93.1		348		326.4
Operating earnings	12.9	[1]	60.8	[1]	63.6	[1]
Energy services group
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	39.9		83.5		44.5
Operating earnings	$4.80	[1]	($13.30)	[1]	$5.30	[1]
[1]	Operating earnings include an allocation of employee benefits and general and administrative costs based on the proportion of each segment’s number of employees and sales, respectively.

Capital_Expenditures_by_Report

Capital Expenditures by Reportable Segment (Details2) (USD $)	1 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2015	Apr. 30, 2015	Mar. 31, 2014
Property, Plant and Equipment [Line Items]
Capital expenditures	$6.20	$35.60	$21
Aerospace solutions group
Property, Plant and Equipment [Line Items]
Capital expenditures	1.7	5.4	4.2
Energy services group
Property, Plant and Equipment [Line Items]
Capital expenditures	$4.50	$30.20	$16.80

Goodwill_by_Reportable_Segment

Goodwill by Reportable Segment (Details3) (USD $)	Apr. 30, 2015	Jan. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Goodwill [Line Items]
Goodwill	$1,284.80	$1,286.50	$1,328.70
Aerospace solutions group
Goodwill [Line Items]
Goodwill	965.3	965.8	986.3
Energy services group
Goodwill [Line Items]
Goodwill	$319.50	$320.70	$342.40

Total_Assets_by_Reportable_Seg

Total Assets by Reportable Segment (Details4) (USD $)	Apr. 30, 2015	Jan. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$4,275.90	$4,284.50	$4,303.60
Aerospace solutions group
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	3,311	3,298.50	3,316.10
Energy services group
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$964.90	$986	$987.50

Segment_Reporting_Additional_I

Segment Reporting - Additional Information (Details5) (USD $)	Apr. 30, 2015	Jan. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Segment Reporting Information [Line Items]
Total assets	$4,275.90	$4,284.50	$4,303.60
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Total assets	$488.70	$510.90	$531.40

Net_Earnings_Per_Common_Share_1

Net Earnings Per Common Share (Details) (USD $)	1 Months Ended	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Jan. 31, 2015	Apr. 30, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Net earnings	$7.10	$17.90	$44
Weighted average common shares - basic	52.2	52.2	52.2
Effect of restricted shares issued	0.1	0.1	0.1
Denominator for diluted earnings per share - Adjusted weighted average shares (in millions)	52.3	52.3	52.3
Net earnings per share - basic	$0.14	$0.34	$0.84
Net earnings per share - diluted	$0.14	$0.34	$0.84

Net_Earnings_Per_Common_Share_2

Net Earnings Per Common Share (Details2)	1 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2015	Apr. 30, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Anti-dilutive securities excluded from determination of diluted earnings per common share	1	1	0.1

Accounting_for_Uncertainty_in_1

Accounting for Uncertainty in Income Taxes (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2014	Apr. 30, 2015	Jan. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Abstract]
Liability for unrecognized tax benefits that would affect effective tax rate, if recognized		$9.30	$9.40	$1.70
Number of tax years the company is currently open to audit by tax authorities	7 years