IDEX (IEX) 10-Q 27 Jul 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 23, 2015
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	IEX
Entity Registrant Name	IDEX CORP /DE/
Entity Central Index Key	832,101
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		77,392,051

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets
Cash and cash equivalents	$ 311,495	$ 509,137
Receivables, less allowance for doubtful accounts of $8,718 at June 30, 2015 and $6,961 at December 31, 2014	286,111	256,040
Inventories — net	260,814	237,631
Other current assets	75,177	72,983
Total current assets	933,597	1,075,791
Property, plant and equipment — net	234,634	219,543
Goodwill	1,397,660	1,321,277
Intangible assets — net	313,694	271,164
Other noncurrent assets	23,773	20,295
Total assets	2,903,358	2,908,070
Current liabilities
Trade accounts payable	136,550	127,462
Accrued expenses	145,771	163,409
Notes payable and current portion of long-term borrowings	469	98,946
Dividends payable	24,875	22,151
Total current liabilities	307,665	411,968
Long-term borrowings	874,777	765,006
Deferred income taxes	152,852	130,368
Other noncurrent liabilities	113,256	114,277
Total liabilities	$ 1,448,550	$ 1,421,619
Commitments and contingencies
Preferred stock:
Authorized: 5,000,000 shares, $.01 per share par value; Issued: None	$ 0	$ 0
Common stock:
Authorized: 150,000,000 shares, $.01 per share par value Issued: 90,125,838 shares at June 30, 2015 and 89,761,305 shares at December 31, 2014	901	898
Additional paid-in capital	671,183	647,553
Retained earnings	1,569,726	1,483,821
Treasury stock at cost: 12,419,025 shares at June 30, 2015 and 10,995,361 shares at December 31, 2014	(665,686)	(553,543)
Accumulated other comprehensive income (loss)	(121,316)	(92,278)
Total shareholders’ equity	1,454,808	1,486,451
Total liabilities and shareholders’ equity	$ 2,903,358	$ 2,908,070

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Receivables, allowance for doubtful accounts	$ 8,718	$ 6,961
Preferred stock, authorized (in shares)	5,000,000	5,000,000
Preferred stock , par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, issued (in shares)	0	0
Common stock, authorized (in shares)	150,000,000	150,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, issued (in shares)	90,125,838	89,761,305
Treasury stock, shares (in shares)	12,419,025	10,995,361

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Net sales	$ 514,881	$ 546,693	$ 1,017,079	$ 1,090,689
Cost of sales	283,266	305,561	559,423	605,137
Gross profit	231,615	241,132	457,656	485,552
Selling, general and administrative expenses	121,706	129,044	245,990	259,629
Operating income	109,909	112,088	211,666	225,923
Other (income) expense — net	827	137	(896)	(707)
Interest expense	10,584	10,405	21,181	20,862
Income before income taxes	98,498	101,546	191,381	205,768
Provision for income taxes	28,913	29,769	55,842	59,443
Net income	$ 69,585	$ 71,777	$ 135,539	$ 146,325
Basic earnings per common share (in dollars per share)	$ 0.89	$ 0.89	$ 1.74	$ 1.81
Diluted earnings per common share (in dollars per share)	$ 0.89	$ 0.88	$ 1.72	$ 1.79
Share data:
Basic weighted average common shares outstanding (in shares)	77,466	80,106	77,731	80,317
Diluted weighted average common shares outstanding (in shares)	78,297	81,149	78,576	81,362

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 69,585	$ 71,777	$ 135,539	$ 146,325
Other comprehensive income (loss)
Reclassification adjustments for derivatives, net of tax	1,126	1,155	2,256	2,312
Pension and other postretirement adjustments, net of tax	820	517	1,600	956
Cumulative translation adjustment	23,743	13,874	(32,894)	14,158
Other comprehensive income (loss)	25,689	15,546	(29,038)	17,426
Comprehensive income	$ 95,274	$ 87,323	$ 106,501	$ 163,751

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - 6 months ended Jun. 30, 2015 - USD ($) $ in Thousands	Total	Common Stock and Additional Paid-In Capital	Retained Earnings	Cumulative Translation Adjustment	Retirement Benefits Adjustment	Cumulative Unrealized Gain (Loss) on Derivatives	Treasury Stock
Balance at Dec. 31, 2014	$ 1,486,451	$ 648,451	$ 1,483,821	$ (24,813)	$ (40,316)	$ (27,149)	$ (553,543)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	135,539		135,539
Cumulative translation adjustment	(32,894)			(32,894)
Pension and other postretirement adjustments (net of tax of $790)	1,600				1,600
Amortization of forward starting swaps (net of tax of $1,283)	2,256					2,256
Issuance of 493,943 shares of common stock from issuance of unvested shares, exercise of stock options and deferred compensation plans	13,500	9,178					4,322
Excess tax benefit from share-based compensation	4,083	4,083
Repurchase of 1,490,582 shares of common stock	(113,263)						(113,263)
Shares surrendered for tax withholding	(3,202)						(3,202)
Share-based compensation	10,372	10,372
Cash dividends declared - $0.32 per common share	(49,634)		(49,634)
Balance at Jun. 30, 2015	$ 1,454,808	$ 672,084	$ 1,569,726	$ (57,707)	$ (38,716)	$ (24,893)	$ (665,686)

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015
Statement of Stockholders' Equity [Abstract]
Pension and other postretirement adjustments, tax	$ 790
Amortization of forward starting swaps, tax	$ 1,283
Issuance of common stock from issuance of unvested shares, exercise of stock options and deferred compensation plans (in shares)	493,943
Repurchase of common stock (in shares)	1,490,582
Cash dividends declared, per common share outstanding	$ 0.32

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities
Net income	$ 135,539	$ 146,325
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	17,460	16,741
Amortization of intangible assets	20,137	21,932
Amortization of debt issuance costs	860	859
Share-based compensation expense	11,802	11,963
Deferred income taxes	524	(471)
Excess tax benefit from share-based compensation	(4,083)	(3,680)
Non-cash interest expense associated with forward starting swaps	3,539	3,637
Changes in (net of effect from acquisitions):
Receivables	(15,274)	(16,218)
Inventories	(10,473)	(15,584)
Other current assets	(630)	(3,352)
Trade accounts payable	4,158	13,291
Accrued expenses	(15,886)	(5,852)
Other — net	755	(3,411)
Net cash flows provided by operating activities	148,428	166,180
Cash flows from investing activities
Purchases of property, plant and equipment	(23,826)	(23,299)
Acquisition of businesses, net of cash acquired	(173,333)	(25,995)
Other — net	(105)	(29)
Net cash flows used in investing activities	(197,264)	(49,323)
Cash flows from financing activities
Borrowings under revolving facilities	350,342	80,014
Payments under revolving facilities	(240,586)	(36,181)
Payment of 2.58% Senior Euro Notes	(88,420)	0
Debt issuance costs	(1,323)	0
Dividends paid	(46,910)	(41,193)
Proceeds from stock option exercises	13,459	8,831
Excess tax benefit from share-based compensation	4,083	3,680
Purchase of common stock	(113,592)	(83,060)
Unvested shares surrendered for tax withholding	(3,202)	(2,836)
Net cash flows used in financing activities	(126,149)	(70,745)
Effect of exchange rate changes on cash and cash equivalents	(22,657)	(406)
Net increase (decrease) in cash	(197,642)	45,706
Cash and cash equivalents at beginning of year	509,137	439,629
Cash and cash equivalents at end of period	311,495	485,335
Cash paid for:
Interest	17,296	16,354
Income taxes	$ 36,338	$ 61,801

CONDENSED CONSOLIDATED STATEME9

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)	Jun. 30, 2015
2.58% Senior Euro Notes, due June 2015
Stated interest rate	2.58%

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies The Condensed Consolidated Financial Statements of IDEX Corporation (“IDEX” or the “Company”) have been prepared in accordance with the accounting principles generally accepted in the United States of America applicable to interim financial information and the instructions to Form 10-Q under the Securities Exchange Act of 1934, as amended. The statements are unaudited but include all adjustments, consisting only of recurring items, except as noted, that the Company considers necessary for a fair presentation of the information set forth herein. The results of operations for the three and six months ended June 30, 2015 are not necessarily indicative of the results to be expected for the entire year. The Condensed Consolidated Financial Statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations set forth in this report should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014 . New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09 which introduces a new five-step revenue recognition model. Under ASU 2014-09, 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. This ASU also requires disclosures sufficient to enable users to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative disclosures about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. This standard was initially released as effective for fiscal years beginning after December 15, 2016; however, in July 2015 the FASB approved a one year deferral of this standard, with a new effective date for fiscal years beginning after December 15, 2017. The new guidelines can be implemented using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption. The Company is currently evaluating the impact of the new guidance on our consolidated financial statements and has not yet determined the method by which we will adopt the standard. In April 2015, the FASB issued ASU 2015-03 which simplifies the presentation of debt issuance costs. Under ASU 2015-03, an entity presents such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs is reported as interest expense. This standard is effective for fiscal years beginning after December 15, 2015. The Company is currently evaluating the impact of the new guidance on our consolidated financial statements and does not expect it to have a material impact on the consolidated financial position, results of operations or cash flows of the Company.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Acquisitions	Acquisitions All of the Company’s acquisitions have been accounted for under Accounting Standards Codification (“ASC”) 805, Business Combinations. Accordingly, the accounts of the acquired companies, after adjustments to reflect fair values assigned to assets and liabilities, have been included in the Company's consolidated financial statements from their respective dates of acquisition. The Company incurred $1.0 million of acquisition-related transaction costs in the three months ended June 30, 2015 resulting in a total of $1.2 million of acquisition-related transaction costs year to date. These costs were recorded in selling, general and administrative expense and were related to completed transactions, pending transactions and potential transactions, including transactions that ultimately were not completed. During the three months ending June 30, 2015 , the Company recorded within cost of sales $0.7 million of fair value inventory charges associated with these acquisitions. 2015 Acquisitions On May 29, 2015, the Company acquired the stock of Novotema, SpA ("Novotema"), a leader in the design, manufacture and sale of specialty sealing solutions for use in the building products, gas control, transportation, industrial and water markets. The business was acquired to complement and create synergies with our existing sealing group. Located in Villango, Italy, Novotema has annual revenues of $33 million and will operate in our Health & Science Technologies segment. Novotema was acquired for cash consideration of approximately $60.7 million ( €55.6 million ). The entire purchase price was funded with cash on hand. Goodwill and intangible assets recognized as part of this transaction were $34.9 million and $20.1 million , respectively. The $34.9 million of goodwill is not deductible for tax purposes. On June 10, 2015, the Company acquired the stock of Alfa Valvole, S.r.l ("Alfa"), a leader in the design, manufacture and sale of specialty valve products for use in the chemical, petro-chemical, energy and sanitary markets. The business was acquired to expand our valve capabilities. Located in Casorezzo, Italy, Alfa has annual revenues of approximately $33 million and will operate in our Fluid & Metering Technologies segment. Alfa was acquired for cash consideration of $112.6 million ( €99.8 million ). The entire purchase price was funded with cash on hand. Preliminary goodwill and intangible assets recognized as part of this transaction were $59.6 million and $44.6 million , respectively. The $59.6 million of goodwill is not deductible for tax purposes. The Company made an initial allocation of the purchase price for the Alfa and Novotema acquisitions as of the date of acquisition based on its understanding of the fair value of the acquired assets and assumed liabilities. In the months after closing, as the Company obtains additional information about these assets and liabilities, including tangible and intangible asset appraisals, and learns more about the newly acquired businesses, we will refine the estimates of fair value and more accurately allocate the purchase price. Only items identified as of the acquisition date are considered for subsequent adjustment. The Company is continuing to evaluate the valuation of inventory associated with the Alfa acquisition and is also in the process of obtaining or finalizing valuations of intangible and tangible assets for the Alfa and Novotema acquisitions. The Company will make appropriate adjustments to the purchase price allocations prior to the completion of the measurement period, as required. The allocation of the acquisition costs to the assets acquired and liabilities assumed, based on their estimated fair values, is as follows: Current assets, net of cash acquired $ 40,296 Property, plant and equipment 12,233 Goodwill 94,481 Intangible assets 64,711 Total assets acquired 211,721 Current liabilities (15,321 ) Deferred tax liability (20,863 ) Other liabilities (2,204 ) Net assets acquired $ 173,333 Acquired intangible assets consist of trade names, customer relationships and unpatented technology. The goodwill recorded for the acquisitions reflect the strategic fit, revenue and earnings growth potential of this business. The acquired intangible assets and weighted average amortization periods are as follows: Total Weighted Average Life Trade names $ 4,352 15 Customer relationships 50,074 14 Unpatented technology 10,285 8 Acquired intangible assets $ 64,711 2014 Acquisitions On April 28, 2014, the Company acquired the stock of Aegis Flow Technologies ("Aegis"), a leader in the design, manufacture and sale of specialty chemical processing valves for use in the chemical, petro-chemical, chlor-alkali, pharmaceutical, semiconductor and pulp/paper industries. Located in Geismar, Louisiana, Aegis operates in our Chemical, Food & Process platform within our Fluid & Metering Technologies segment. Aegis was acquired for cash consideration of $25.0 million . The entire purchase price was funded with borrowings under the Company's revolving credit facility. Goodwill and intangible assets recognized as part of this transaction were $7.7 million and $8.8 million , respectively. The $7.7 million of goodwill is deductible for tax purposes.

Business Segments

Business Segments	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Business Segments	Business Segments The Company has three reportable business segments: Fluid & Metering Technologies, Health & Science Technologies and Fire & Safety/Diversified Products. The Fluid & Metering Technologies segment designs, produces and distributes positive displacement pumps, flow meters, injectors, and other fluid-handling pump modules and systems and provides flow monitoring and other services for the water and wastewater industries. The Health & Science Technologies segment designs, produces and distributes a wide range of precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction and drying systems used in beverage, food processing, pharmaceutical and cosmetics, pneumatic components and sealing solutions, very high precision, low-flow rate pumping solutions required in analytical instrumentation, clinical diagnostics and drug discovery, high performance molded and extruded, biocompatible medical devices and implantables, air compressors used in medical, dental and industrial applications, optical components and coatings for applications in the fields of scientific research, defense, biotechnology, aerospace, semiconductor, telecommunications and electronics manufacturing, laboratory and commercial equipment used in the production of micro and nano scale materials, precision photonic solutions used in life sciences, research and defense markets, and precision gear and peristaltic pump technologies that meet exacting original equipment manufacturer specifications. The Fire & Safety/Diversified Products segment produces firefighting pumps and controls, rescue tools, lifting bags and other components and systems for the fire and rescue industry, engineered stainless steel banding and clamping devices used in a variety of industrial and commercial applications, and precision equipment for dispensing, metering and mixing colorants and paints used in a variety of retail and commercial businesses around the world. Information on the Company’s business segments is presented below, based on the nature of products and services offered. The Company evaluates performance based on several factors, of which operating income is the primary financial measure. Intersegment sales are accounted for at fair value as if the sales were to third parties. Three Months Ended Six Months Ended 2015 2014 2015 2014 Net sales Fluid & Metering Technologies External customers $ 214,983 $ 225,866 $ 432,915 $ 448,873 Intersegment sales 310 234 626 588 Total group sales 215,293 226,100 433,541 449,461 Health & Science Technologies External customers 188,046 184,849 365,796 368,741 Intersegment sales 359 823 1,729 3,306 Total group sales 188,405 185,672 367,525 372,047 Fire & Safety/Diversified Products External customers 111,852 135,978 218,368 273,075 Intersegment sales 89 204 195 391 Total group sales 111,941 136,182 218,563 273,466 Intersegment elimination (758 ) (1,261 ) (2,550 ) (4,285 ) Total net sales $ 514,881 $ 546,693 $ 1,017,079 $ 1,090,689 Operating income Fluid & Metering Technologies $ 51,857 $ 55,623 $ 107,755 $ 112,030 Health & Science Technologies 42,060 36,137 79,517 72,366 Fire & Safety/Diversified Products 31,482 35,985 58,644 75,633 Corporate office and other (15,490 ) (15,657 ) (34,250 ) (34,106 ) Total operating income 109,909 112,088 211,666 225,923 Interest expense 10,584 10,405 21,181 20,862 Other (income) expense - net 827 137 (896 ) (707 ) Income before income taxes $ 98,498 $ 101,546 $ 191,381 $ 205,768 June 30, December 31, Assets Fluid & Metering Technologies $ 1,161,544 $ 1,026,238 Health & Science Technologies 1,121,965 1,101,155 Fire & Safety/Diversified Products 461,302 510,841 Corporate office 158,547 269,836 Total assets $ 2,903,358 $ 2,908,070

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share Earnings per common share (“EPS”) are computed by dividing net income by the weighted average number of shares of common stock (basic) plus common stock equivalents outstanding (diluted) during the period. Common stock equivalents consist of stock options, which have been included in the calculation of weighted average shares outstanding using the treasury stock method, unvested shares, performance share units, and shares issuable in connection with certain deferred compensation agreements (“DCUs”). ASC 260 “Earnings Per Share” provides that all outstanding unvested share-based payment awards that contain rights to nonforfeitable dividends participate in undistributed earnings with common shareholders. If awards are considered participating securities, the Company is required to apply the two-class method of computing basic and diluted earnings per share. The Company has determined that its outstanding unvested shares are participating securities. Accordingly, earnings per common share are computed using the more dilutive of the treasury stock method and the two-class method prescribed by ASC 260. For purposes of calculating diluted EPS, net income attributable to common shareholders was reduced by $0.1 million and $0.2 million for the three months ended June 30, 2015 and 2014 , respectively; and $0.4 million and $0.7 million for the six months ended June 30, 2015 and 2014 , respectively. Basic weighted average shares reconciles to diluted weighted average shares as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 Basic weighted average common shares outstanding 77,466 80,106 77,731 80,317 Dilutive effect of stock options, unvested shares, performance share units and DCUs 831 1,043 845 1,045 Diluted weighted average common shares outstanding 78,297 81,149 78,576 81,362 Options to purchase approximately 0.9 million and 0.5 million shares of common stock for both the three and the six months ended June 30, 2015 and 2014 , respectively, were not included in the computation of diluted EPS because the effect of their inclusion would be antidilutive.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories as of June 30, 2015 and December 31, 2014 were: June 30, December 31, Raw materials and component parts $ 147,608 $ 137,584 Work in process 44,625 37,178 Finished goods 68,581 62,869 Total $ 260,814 $ 237,631 Inventories are stated at the lower of cost or market. Cost, which includes material, labor, and factory overhead, is determined on a FIFO basis.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets The changes in the carrying amount of goodwill for the six months ended June 30, 2015 , by reportable business segment, were as follows: Fluid & Metering Technologies Health & Science Technologies Fire & Safety/ Diversified Products Total Balance at December 31, 2014 $ 524,149 $ 563,465 $ 233,663 $ 1,321,277 Foreign currency translation (8,247 ) 103 (9,954 ) (18,098 ) Acquisitions 59,562 34,919 — 94,481 Balance at June 30, 2015 $ 575,464 $ 598,487 $ 223,709 $ 1,397,660 ASC 350 “Goodwill and Other Intangible Assets” requires that goodwill be tested for impairment at the reporting unit level on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit below its carrying value. Annually on October 31, goodwill and other acquired intangible assets with indefinite lives are tested for impairment. The Company did not consider there to be any triggering event that would require an interim impairment assessment, therefore none of the goodwill or other acquired intangible assets with indefinite lives were tested for impairment during the six months ended June 30, 2015 . Based on the results of our annual impairment test at October 31, 2014 , all reporting units had a fair value that was more than 100% greater than the carrying value, except for our IDEX Optics and Photonics ("IOP") reporting unit, which had a fair value approximately 15% greater than the carrying value. The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset at June 30, 2015 and December 31, 2014 : At June 30, 2015 At December 31, 2014 Gross Carrying Amount Accumulated Amortization Net Weighted Average Life Gross Carrying Amount Accumulated Amortization Net Amortized intangible assets: Patents $ 10,168 $ (5,768 ) $ 4,400 11 $ 10,016 $ (5,313 ) $ 4,703 Trade names 107,506 (35,754 ) 71,752 16 104,118 (32,881 ) 71,237 Customer relationships 265,256 (132,125 ) 133,131 11 222,486 (126,193 ) 96,293 Non-compete agreements 836 (762 ) 74 3 840 (636 ) 204 Unpatented technology 79,243 (38,682 ) 40,561 10 69,760 (35,165 ) 34,595 Other 7,036 (5,360 ) 1,676 10 7,034 (5,002 ) 2,032 Total amortized intangible assets 470,045 (218,451 ) 251,594 414,254 (205,190 ) 209,064 Unamortized intangible assets: Banjo trade name 62,100 — 62,100 62,100 — 62,100 Total intangible assets $ 532,145 $ (218,451 ) $ 313,694 $ 476,354 $ (205,190 ) $ 271,164 The unamortized Banjo trade name is an indefinite lived intangible asset which is tested for impairment on an annual basis in accordance with ASC 350 or more frequently if events or changes in circumstances indicate that the asset might be impaired.

Accrued Expenses

Accrued Expenses	6 Months Ended
	Jun. 30, 2015
Payables and Accruals [Abstract]
Accrued Expenses	Accrued Expenses The components of accrued expenses as of June 30, 2015 and December 31, 2014 were: June 30, December 31, Payroll and related items $ 57,699 $ 64,124 Management incentive compensation 8,131 21,567 Income taxes payable 18,334 9,305 Insurance 8,225 10,058 Warranty 6,858 7,196 Deferred revenue 10,477 11,813 Restructuring 1,168 6,056 Liability for uncertain tax positions 2,177 2,084 Accrued interest 1,224 1,738 Other 31,478 29,468 Total accrued expenses $ 145,771 $ 163,409

Other Noncurrent Liabilities

Other Noncurrent Liabilities	6 Months Ended
	Jun. 30, 2015
Other Liabilities Disclosure [Abstract]
Other Noncurrent Liabilities	Other Noncurrent Liabilities The components of other noncurrent liabilities as of June 30, 2015 and December 31, 2014 were: June 30, December 31, Pension and retiree medical obligations $ 87,101 $ 90,584 Liability for uncertain tax positions 4,064 2,471 Deferred revenue 3,692 4,612 Other 18,399 16,610 Total other noncurrent liabilities $ 113,256 $ 114,277

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Borrowings	Borrowings Borrowings at June 30, 2015 and December 31, 2014 consisted of the following: June 30, December 31, Revolving Facility $ 225,000 $ 115,000 2.58% Senior Euro Notes, due June 2015 — 98,456 4.5% Senior Notes, due December 2020 299,051 298,975 4.2% Senior Notes, due December 2021 349,391 349,351 Other borrowings 1,804 2,170 Total borrowings 875,246 863,952 Less current portion 469 98,946 Total long-term borrowings $ 874,777 $ 765,006 On June 23, 2015, the Company entered into a credit agreement (the “Credit Agreement”) along with certain of its subsidiaries, as borrowers (the “Borrowers”), Bank of America, N.A., as administrative agent, swing line lender and an issuer of letters of credit, with other agents party thereto. The Credit Agreement replaces the Company’s existing five -year, $700 million credit agreement, dated as of June 27, 2011, which was due to expire on June 27, 2016 . The Credit Agreement consists of a revolving credit facility (the “Revolving Facility”) in an aggregate principal amount of $700 million with a final maturity date of June 23, 2020 . The maturity date may be extended under certain conditions for an additional one -year term. Up to $75 million of the Revolving Facility is available for the issuance of letters of credit. Additionally, up to $50 million of the Revolving Facility is available to the Company for swing line loans, available on a same-day basis. Proceeds of the Revolving Facility are available for use by the Borrowers for working capital and other general corporate purposes, including refinancing existing debt of the Company and its subsidiaries. The Company may request increases in the lending commitments under the Credit Agreement, but the aggregate lending commitments pursuant to such increases may not exceed $350 million . The Company has the right, subject to certain conditions set forth in the Credit Agreement, to designate certain foreign subsidiaries of the Company as borrowers under the Credit Agreement. In connection with any such designation, the Company is required to guarantee the obligations of any such subsidiaries. Borrowings under the Credit Agreement bear interest, at either an alternate base rate or an adjusted LIBOR rate plus, in each case, an applicable margin. Such applicable margin is based on the Company’s senior, unsecured, long-term debt rating and can range from .91% to 1.50% . Based on the Company's credit rating at June 30, 2015 , the applicable margin was 1.10% . Interest is payable (a) in the case of base rate loans, quarterly, and (b) in the case of LIBOR rate loans, on the maturity date of the borrowing, or quarterly from the effective date for borrowings exceeding three months. The Credit Agreement requires payment to the lenders of a facility fee based upon (a) the amount of the lenders’ commitments under the credit facility from time to time and (b) the applicable corporate credit ratings of the Company. Voluntary prepayments of any loans and voluntary reductions of the unutilized portion of the commitments under the credit facility are permissible without penalty, subject to break funding payments and minimum notice and minimum reduction amount requirements. The Credit Agreement contains affirmative and negative covenants that the Company believes are usual and customary for senior unsecured credit agreements, including a financial covenant requiring the maintenance of a 3.50 to 1.0 or lower leverage ratio, which is the ratio of the Company’s consolidated total debt to its consolidated EBITDA, each as defined in the Credit Agreement. The negative covenants include, among other things, limitations (each of which is subject to customary exceptions for financings of this type) on our ability to grant liens; enter into transactions resulting in fundamental changes (such as mergers or sales of all or substantially all of the assets of the Company); restrict subsidiary dividends or other subsidiary distributions; enter into transactions with the Company’s affiliates; and incur certain additional subsidiary debt. The Credit Agreement also contains customary events of default (subject to grace periods, as appropriate) including among others: nonpayment of principal, interest or fees; breach of the representations or warranties in any material respect; breach of the financial, affirmative or negative covenants; payment default on, or acceleration of, other material indebtedness; bankruptcy or insolvency; material judgments entered against the Company or any of its subsidiaries; certain specified events under the Employee Retirement Income Security Act of 1974, as amended; certain changes in control of the Company; and the invalidity or unenforceability of the Credit Agreement or other documents associated with the Credit Agreement. At June 30, 2015 , $225.0 million was outstanding under the Revolving Facility, with $7.6 million of outstanding letters of credit, resulting in net available borrowing capacity under the Revolving Facility at June 30, 2015 of approximately $467.4 million . During the three months ended June 30, 2015 , the Company paid the balance of the 2.58% Senior Euro Notes, upon its maturity, using cash on hand. Other borrowings of $1.8 million at June 30, 2015 consisted primarily of debt at international locations maintained for working capital purposes. Interest is payable on the outstanding debt balances at rates ranging from 0.2% to 1.3% per annum. There are two key financial covenants that the Company is required to maintain in connection with the Revolving Facility, which requires a minimum interest coverage ratio of 3.0 to 1 and a maximum leverage ratio of 3.50 to 1 . At June 30, 2015 , the Company was in compliance with both of these financial covenants. There are no financial covenants relating to the 4.5% Senior Notes or 4.2% Senior Notes; however, both are subject to cross-default provisions.

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments The Company enters into cash flow hedges from time to time to reduce the exposure to variability in certain expected future cash flows. The type of cash flow hedges the Company enters into includes foreign currency contracts and interest rate exchange agreements that effectively convert a portion of floating-rate debt to fixed-rate debt and are designed to reduce the impact of interest rate changes on future interest expense. The effective portion of gains or losses on interest rate exchange agreements is reported in accumulated other comprehensive income (loss) in shareholders’ equity and reclassified into net income in the same period or periods in which the hedged transaction affects net income. See Note 13 for the amount of loss reclassified into income for interest rate contracts for the six months ended June 30, 2015 and 2014 . The remaining gain or loss in excess of the cumulative change in the present value of future cash flows or the hedged item, if any, is recognized into net income during the period of change. Fair values relating to derivative financial instruments reflect the estimated amounts that the Company would receive or pay to sell or buy the contracts based on quoted market prices of comparable contracts at each balance sheet date. As of June 30, 2015 , the Company did not have any interest rate contracts outstanding. In 2010 and 2011, the Company entered into two separate forward starting interest rate contracts in anticipation of the issuance of the 4.2% Senior Notes and the 4.5% Senior Notes. The Company cash settled these two interest rate contracts in 2010 and 2011 for a total of $68.9 million , which is being amortized into interest expense over the 10 year term of the debt instruments. Approximately $6.9 million of the pre-tax amount included in accumulated other comprehensive income (loss) in shareholders’ equity at June 30, 2015 will be recognized to net income over the next 12 months as the underlying hedged transactions are realized.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements ASC 820 “Fair Value Measurements and Disclosures” defines fair value, provides guidance for measuring fair value and requires certain disclosures. This standard discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). The standard utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels: • Level 1: Observable inputs such as quoted prices (unadjusted) in active markets for identical assets or liabilities. • Level 2: Inputs, other than quoted prices that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active. • Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions. The following table summarizes the basis used to measure the Company’s financial assets at fair value on a recurring basis in the balance sheet at June 30, 2015 and December 31, 2014 : Basis of Fair Value Measurements Balance at Level 1 Level 2 Level 3 Money market investment $ 44,409 $ 44,409 $ — $ — Available for sale securities 4,973 4,973 — — Basis of Fair Value Measurements Balance at Level 1 Level 2 Level 3 Money market investment $ 21,094 $ 21,094 $ — $ — Available for sale securities 4,513 4,513 — — There were no transfers of assets or liabilities between Level 1 and Level 2 during the quarter ended June 30, 2015 or the year ended December 31, 2014 . The carrying value of our cash and cash equivalents, accounts receivable, accounts payable and accrued expenses approximates their fair values because of the short term nature of these instruments. At June 30, 2015 , the fair value of the outstanding indebtedness under our Revolving Facility, 4.5% Senior Notes and 4.2% Senior Notes, based on quoted market prices and current market rates for debt with similar credit risk and maturity, was approximately $873.9 million compared to the carrying value of $873.4 million . This fair value measurement is classified as Level 2 within the fair value hierarchy since it is determined based upon significant inputs observable in the market, including interest rates on recent financing transactions to entities with a credit rating similar to ours.

Restructuring

Restructuring	6 Months Ended
	Jun. 30, 2015
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring During the fourth quarter of 2014, the Company recorded restructuring costs as a part of restructuring initiatives that support the implementation of key strategic efforts designed to facilitate long-term, sustainable, growth through cost reduction actions, primarily consisting of employee reductions and facility rationalization. The costs incurred related to these initiatives were included in Restructuring expenses in the Consolidated Statements of Operations while the related accruals were included in Accrued expenses in the Consolidated Balance Sheets. Severance costs primarily consisted of severance benefits through payroll continuation, COBRA subsidies, outplacement services, conditional separation costs and employer tax liabilities, while exit costs primarily consisted of asset disposals or impairments and lease exit costs. Restructuring accruals of $1.2 million and $6.1 million at June 30, 2015 and December 31, 2014 , respectively, are recorded in Accrued liabilities in the Consolidated Balance Sheets. Severance benefits are expected to be paid by the end of 2015 using cash from operations. The changes in the restructuring accrual for the six months ended June 30, 2015 are as follows: Balance at January 1, 2015 $ 6,056 Payments, utilization and other (4,888 ) Balance at June 30, 2015 $ 1,168 On July 22, 2015 the Company announced that there would be additional restructuring actions taken in the third and fourth quarters of 2015 to better align the Company's costs and operations with current market conditions. The restructuring expense associated with these actions is not expected to exceed $8 million and will be completed by the end of the year.

Other Comprehensive Income (Los

Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Other Comprehensive Income (Loss)	Other Comprehensive Income (Loss) The components of other comprehensive income (loss) are as follows: Three Months Ended Three Months Ended Pre-tax Tax Net of tax Pre-tax Tax Net of tax Cumulative translation adjustment $ 23,743 $ — $ 23,743 $ 13,874 $ — $ 13,874 Pension and other postretirement adjustments 1,215 (395 ) 820 798 (281 ) 517 Reclassification adjustments for derivatives 1,767 (641 ) 1,126 1,817 (662 ) 1,155 Total other comprehensive income (loss) $ 26,725 $ (1,036 ) $ 25,689 $ 16,489 $ (943 ) $ 15,546 Six Months Ended Six Months Ended Pre-tax Tax Net of tax Pre-tax Tax Net of tax Cumulative translation adjustment $ (32,894 ) $ — $ (32,894 ) $ 14,158 $ — $ 14,158 Pension and other postretirement adjustments 2,390 (790 ) 1,600 1,477 (521 ) 956 Reclassification adjustments for derivatives 3,539 (1,283 ) 2,256 3,637 (1,325 ) 2,312 Total other comprehensive income (loss) $ (26,965 ) $ (2,073 ) $ (29,038 ) $ 19,272 $ (1,846 ) $ 17,426 The following table summarizes the amounts reclassified from accumulated other comprehensive income to net income during the three and six months ended June 30, 2015 and 2014 : Three Months Ended Six Months Ended 2015 2014 2015 2014 Income Statement Caption Pension and other postretirement plans Amortization of service cost $ 1,215 $ 798 $ 2,390 $ 1,477 Selling, general and administrative expense Total before tax 1,215 798 2,390 1,477 Provision for income taxes (395 ) (281 ) (790 ) (521 ) Total net of tax $ 820 $ 517 $ 1,600 $ 956 Derivatives Reclassification adjustments $ 1,767 $ 1,817 $ 3,539 $ 3,637 Interest expense Total before tax 1,767 1,817 3,539 3,637 Provision for income taxes (641 ) (662 ) (1,283 ) (1,325 ) Total net of tax $ 1,126 $ 1,155 $ 2,256 $ 2,312

Common and Preferred Stock

Common and Preferred Stock	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Common and Preferred Stock	Common and Preferred Stock On November 6, 2014 , the Company’s Board of Directors approved a $400.0 million increase in the authorized level for repurchases of common stock. Repurchases will be funded with future cash flow generation or borrowings available under the Revolving Facility. During the six months ended June 30, 2015 , the Company purchased a total of 1.5 million shares at a cost of $113.3 million , of which $2.3 million was settled in July 2015 . During the six months ended June 30, 2014 , the Company purchased 1.2 million shares at a cost of $85.7 million , of which $2.6 million was settled in July 2014. As of June 30, 2015 , the amount of share repurchase authorization remaining is $432.2 million . At June 30, 2015 and December 31, 2014 , the Company had 150 million shares of authorized common stock, with a par value of $.01 per share, and 5 million shares of authorized preferred stock, with a par value of $.01 per share. No preferred stock was outstanding at June 30, 2015 or December 31, 2014 .

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Compensation	Share-Based Compensation During the six months ended June 30, 2015 , the Company granted approximately 0.4 million stock options, 0.1 million unvested shares and 0.1 million performance share units. During the six months ended June 30, 2014 , the Company granted approximately 0.5 million stock options, 0.2 million unvested shares and 0.1 million performance share units. Weighted average option fair values and assumptions for the periods specified are disclosed below. The fair value of each option grant was estimated on the date of the grant using the Binomial lattice option pricing model. Three Months Ended 2015 2014 Weighted average fair value of option grants $19.49 $19.34 Dividend yield 1.65% 1.43% Volatility 29.87% 30.43% Risk-free forward interest rate 0.26% - 3.11% 0.10% - 4.17% Expected life (in years) 5.90 5.87 Six Months Ended 2015 2014 Weighted average fair value of option grants $20.39 $19.53 Dividend yield 1.42% 1.26% Volatility 29.94% 30.36% Risk-free forward interest rate 0.23% - 2.75% 0.12% - 4.67% Expected life (in years) 5.90 5.89 Weighted average performance share unit fair values and assumptions for the period specified are disclosed below. The performance share units are market condition awards and have been assessed at fair value on the date of grant using a Monte Carlo simulation model. Three and Six Months Ended June 30, 2015 2014 Weighted average fair value of performance share units $95.07 $94.55 Dividend yield 0.00% 0.00% Volatility 19.14% 26.41% Risk-free forward interest rate 1.01% 0.65% Expected life (in years) 2.86 2.88 Total compensation cost for stock options is as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 Cost of goods sold $ 124 $ 133 $ 350 $ 375 Selling, general and administrative expenses 1,494 1,425 3,690 3,615 Total expense before income taxes 1,618 1,558 4,040 3,990 Income tax benefit (502 ) (496 ) (1,269 ) (1,251 ) Total expense after income taxes $ 1,116 $ 1,062 $ 2,771 $ 2,739 Total compensation cost for unvested shares is as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 Cost of goods sold $ 320 $ 693 $ 799 $ 1,165 Selling, general and administrative expenses 1,741 2,578 4,438 5,324 Total expense before income taxes 2,061 3,271 5,237 6,489 Income tax benefit (472 ) (644 ) (1,278 ) (1,331 ) Total expense after income taxes $ 1,589 $ 2,627 $ 3,959 $ 5,158 Total compensation cost for performance share units is as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 Cost of goods sold $ — $ — $ — $ — Selling, general and administrative expenses 1,183 823 2,525 1,484 Total expense before income taxes 1,183 823 2,525 1,484 Income tax benefit (408 ) (288 ) (838 ) (474 ) Total expense after income taxes $ 775 $ 535 $ 1,687 $ 1,010 The Company’s policy is to recognize compensation cost on a straight-line basis, assuming forfeitures, over the requisite service period for the entire award. Classification of stock compensation cost within the Consolidated Statements of Operations is consistent with classification of cash compensation for the same employees. As of June 30, 2015 , there was $13.5 million of total unrecognized compensation cost related to stock options that is expected to be recognized over a weighted-average period of 1.5 years, $11.7 million of total unrecognized compensation cost related to unvested shares that is expected to be recognized over a weighted-average period of 1.1 years, and $8.7 million of total unrecognized compensation cost related to performance share units that is expected to be recognized over a weighted-average period of 1.1 years. A summary of the Company’s stock option activity as of June 30, 2015 , and changes during the six months ended June 30, 2015 , is presented in the following table: Stock Options Shares Weighted Average Price Weighted-Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at January 1, 2015 2,378,559 $ 46.91 6.69 $ 73,561,785 Granted 459,830 78.40 Exercised (338,195 ) 39.93 Forfeited (53,310 ) 61.85 Outstanding at June 30, 2015 2,446,884 $ 53.47 6.95 $ 61,436,539 Vested and expected to vest as of June 30, 2015 2,309,595 $ 52.41 6.83 $ 60,453,367 Exercisable at June 30, 2015 1,317,492 $ 41.61 5.52 $ 48,706,596

Retirement Benefits

Retirement Benefits	6 Months Ended
	Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Retirement Benefits	Retirement Benefits The Company sponsors several qualified and nonqualified defined benefit and defined contribution pension plans and other postretirement plans for its employees. The following tables provide the components of net periodic benefit cost for its major defined benefit plans and its other postretirement plans. Pension Benefits Three Months Ended June 30, 2015 2014 U.S. Non-U.S. U.S. Non-U.S. Service cost $ 376 $ 376 $ 323 $ 392 Interest cost 937 433 1,053 605 Expected return on plan assets (1,248 ) (280 ) (1,408 ) (329 ) Net amortization 855 470 674 219 Net periodic benefit cost $ 920 $ 999 $ 642 $ 887 Pension Benefits Six Months Ended June 30, 2015 2014 U.S. Non-U.S. U.S. Non-U.S. Service cost $ 751 $ 757 $ 645 $ 766 Interest cost 1,875 868 2,106 1,204 Expected return on plan assets (2,496 ) (556 ) (2,816 ) (657 ) Net amortization 1,679 929 1,374 439 Net periodic benefit cost $ 1,809 $ 1,998 $ 1,309 $ 1,752 Other Postretirement Benefits Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Service cost $ 169 $ 179 $ 338 $ 357 Interest cost 209 233 418 466 Net amortization (111 ) (119 ) (219 ) (237 ) Net periodic benefit cost $ 267 $ 293 $ 537 $ 586 The Company previously disclosed in its financial statements for the year ended December 31, 2014 , that it expected to contribute approximately $1.6 million to its defined benefit plans and $0.5 million to its other postretirement benefit plans in 2015 . As of June 30, 2015 , the Company now expects to contribute $5.9 million to its defined benefit plans and $0.7 million to its other postretirement benefit plans in 2015 . The Company contributed a total of $2.2 million during the first six months of 2015 to fund these plans.

Legal Proceedings

Legal Proceedings	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Legal Proceedings	Legal Proceedings The Company is party to various legal proceedings arising in the ordinary course of business, none of which are expected to have a material impact on its financial condition, results of operations or cash flows.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s provision for income taxes is based upon estimated annual tax rates for the year applied to federal, state and foreign income. The provision for income taxes decreased to $28.9 million in the second quarter of 2015 from $29.8 million in the same period of 2014 . The effective tax rate increased to 29.4% for the second quarter of 2015 compared to 29.3% in the same period of 2014 due to the mix of global pre-tax income among jurisdictions. Additionally, the effective tax rate for the comparable period of the prior year was favorably impacted by The provision for income taxes decreased to $55.8 million in the six months ended June 30, 2015 from $59.4 million in the same period of 2014 . The effective tax rate increased to 29.2% for the six months ended June 30, 2015 compared to 28.9% in the same period of 2014 due to the mix of global pre-tax income among jurisdictions. Additionally, the effective tax rate for the comparable period of the prior year was favorably impacted by the enactment of state income tax laws and settlements with taxing authorities primarily related to purchase price adjustments for prior period acquisitions. The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. Due to the potential for resolution of federal, state and foreign examinations, and the expiration of various statutes of limitation, it is reasonably possible that the Company’s gross unrecognized tax benefits balance may change within the next twelve months by a range of zero to $2.2 million .

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On July 1, 2015, the Company announced the acquisition of CiDRA Precision Services, LLC for cash consideration of approximately $19.5 million with an earn-out of up to $5.5 million contingent on the achievement of financial objectives in the 12-month period following the close. CiDRA Precision Services, LLC, located in Wallingford, CT, is a leader in the design, manufacture and sale of microfluidic components serving the life science, health and industrial markets. CiDRA Precision Services, LLC has annual revenues of approximately $9 million and will operate within our Health & Sciences Technologies segment. On July 15, 2015 the Company announced the appointment of Eric Ashleman to the role of Chief Operating Officer. Mr. Ashleman will be responsible for the operations of all IDEX business units and segments. The Company is currently in the process of assessing the impact, if any, on internal controls and financial reporting.

Basis of Presentation and Sig29

Basis of Presentation and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09 which introduces a new five-step revenue recognition model. Under ASU 2014-09, 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. This ASU also requires disclosures sufficient to enable users to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers, including qualitative and quantitative disclosures about contracts with customers, significant judgments and changes in judgments, and assets recognized from the costs to obtain or fulfill a contract. This standard was initially released as effective for fiscal years beginning after December 15, 2016; however, in July 2015 the FASB approved a one year deferral of this standard, with a new effective date for fiscal years beginning after December 15, 2017. The new guidelines can be implemented using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption. The Company is currently evaluating the impact of the new guidance on our consolidated financial statements and has not yet determined the method by which we will adopt the standard. In April 2015, the FASB issued ASU 2015-03 which simplifies the presentation of debt issuance costs. Under ASU 2015-03, an entity presents such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs is reported as interest expense. This standard is effective for fiscal years beginning after December 15, 2015. The Company is currently evaluating the impact of the new guidance on our consolidated financial statements and does not expect it to have a material impact on the consolidated financial position, results of operations or cash flows of the Company.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The allocation of the acquisition costs to the assets acquired and liabilities assumed, based on their estimated fair values, is as follows: Current assets, net of cash acquired $ 40,296 Property, plant and equipment 12,233 Goodwill 94,481 Intangible assets 64,711 Total assets acquired 211,721 Current liabilities (15,321 ) Deferred tax liability (20,863 ) Other liabilities (2,204 ) Net assets acquired $ 173,333
Schedule of Finite-Lived Intangible Assets	The acquired intangible assets and weighted average amortization periods are as follows: Total Weighted Average Life Trade names $ 4,352 15 Customer relationships 50,074 14 Unpatented technology 10,285 8 Acquired intangible assets $ 64,711

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Schedule of Information On Company's Business Segments	Information on the Company’s business segments is presented below, based on the nature of products and services offered. The Company evaluates performance based on several factors, of which operating income is the primary financial measure. Intersegment sales are accounted for at fair value as if the sales were to third parties. Three Months Ended Six Months Ended 2015 2014 2015 2014 Net sales Fluid & Metering Technologies External customers $ 214,983 $ 225,866 $ 432,915 $ 448,873 Intersegment sales 310 234 626 588 Total group sales 215,293 226,100 433,541 449,461 Health & Science Technologies External customers 188,046 184,849 365,796 368,741 Intersegment sales 359 823 1,729 3,306 Total group sales 188,405 185,672 367,525 372,047 Fire & Safety/Diversified Products External customers 111,852 135,978 218,368 273,075 Intersegment sales 89 204 195 391 Total group sales 111,941 136,182 218,563 273,466 Intersegment elimination (758 ) (1,261 ) (2,550 ) (4,285 ) Total net sales $ 514,881 $ 546,693 $ 1,017,079 $ 1,090,689 Operating income Fluid & Metering Technologies $ 51,857 $ 55,623 $ 107,755 $ 112,030 Health & Science Technologies 42,060 36,137 79,517 72,366 Fire & Safety/Diversified Products 31,482 35,985 58,644 75,633 Corporate office and other (15,490 ) (15,657 ) (34,250 ) (34,106 ) Total operating income 109,909 112,088 211,666 225,923 Interest expense 10,584 10,405 21,181 20,862 Other (income) expense - net 827 137 (896 ) (707 ) Income before income taxes $ 98,498 $ 101,546 $ 191,381 $ 205,768 June 30, December 31, Assets Fluid & Metering Technologies $ 1,161,544 $ 1,026,238 Health & Science Technologies 1,121,965 1,101,155 Fire & Safety/Diversified Products 461,302 510,841 Corporate office 158,547 269,836 Total assets $ 2,903,358 $ 2,908,070

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of Basic Weighted Average Shares Reconciles to Diluted Weighted Average Shares	Basic weighted average shares reconciles to diluted weighted average shares as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 Basic weighted average common shares outstanding 77,466 80,106 77,731 80,317 Dilutive effect of stock options, unvested shares, performance share units and DCUs 831 1,043 845 1,045 Diluted weighted average common shares outstanding 78,297 81,149 78,576 81,362

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Components Of Inventories	The components of inventories as of June 30, 2015 and December 31, 2014 were: June 30, December 31, Raw materials and component parts $ 147,608 $ 137,584 Work in process 44,625 37,178 Finished goods 68,581 62,869 Total $ 260,814 $ 237,631

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Carrying Amount of Goodwill	The changes in the carrying amount of goodwill for the six months ended June 30, 2015 , by reportable business segment, were as follows: Fluid & Metering Technologies Health & Science Technologies Fire & Safety/ Diversified Products Total Balance at December 31, 2014 $ 524,149 $ 563,465 $ 233,663 $ 1,321,277 Foreign currency translation (8,247 ) 103 (9,954 ) (18,098 ) Acquisitions 59,562 34,919 — 94,481 Balance at June 30, 2015 $ 575,464 $ 598,487 $ 223,709 $ 1,397,660
Schedule of Gross Carrying Value and Accumulated Amortization For Each Major Class of Intangible Asset	The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset at June 30, 2015 and December 31, 2014 : At June 30, 2015 At December 31, 2014 Gross Carrying Amount Accumulated Amortization Net Weighted Average Life Gross Carrying Amount Accumulated Amortization Net Amortized intangible assets: Patents $ 10,168 $ (5,768 ) $ 4,400 11 $ 10,016 $ (5,313 ) $ 4,703 Trade names 107,506 (35,754 ) 71,752 16 104,118 (32,881 ) 71,237 Customer relationships 265,256 (132,125 ) 133,131 11 222,486 (126,193 ) 96,293 Non-compete agreements 836 (762 ) 74 3 840 (636 ) 204 Unpatented technology 79,243 (38,682 ) 40,561 10 69,760 (35,165 ) 34,595 Other 7,036 (5,360 ) 1,676 10 7,034 (5,002 ) 2,032 Total amortized intangible assets 470,045 (218,451 ) 251,594 414,254 (205,190 ) 209,064 Unamortized intangible assets: Banjo trade name 62,100 — 62,100 62,100 — 62,100 Total intangible assets $ 532,145 $ (218,451 ) $ 313,694 $ 476,354 $ (205,190 ) $ 271,164

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2015
Payables and Accruals [Abstract]
Components of Accrued Expenses	The components of accrued expenses as of June 30, 2015 and December 31, 2014 were: June 30, December 31, Payroll and related items $ 57,699 $ 64,124 Management incentive compensation 8,131 21,567 Income taxes payable 18,334 9,305 Insurance 8,225 10,058 Warranty 6,858 7,196 Deferred revenue 10,477 11,813 Restructuring 1,168 6,056 Liability for uncertain tax positions 2,177 2,084 Accrued interest 1,224 1,738 Other 31,478 29,468 Total accrued expenses $ 145,771 $ 163,409

Other Noncurrent Liabilities (T

Other Noncurrent Liabilities (Tables)	6 Months Ended
	Jun. 30, 2015
Other Liabilities Disclosure [Abstract]
Schedule of Other Noncurrent Liabilities	The components of other noncurrent liabilities as of June 30, 2015 and December 31, 2014 were: June 30, December 31, Pension and retiree medical obligations $ 87,101 $ 90,584 Liability for uncertain tax positions 4,064 2,471 Deferred revenue 3,692 4,612 Other 18,399 16,610 Total other noncurrent liabilities $ 113,256 $ 114,277

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Schedule of Borrowings	Borrowings at June 30, 2015 and December 31, 2014 consisted of the following: June 30, December 31, Revolving Facility $ 225,000 $ 115,000 2.58% Senior Euro Notes, due June 2015 — 98,456 4.5% Senior Notes, due December 2020 299,051 298,975 4.2% Senior Notes, due December 2021 349,391 349,351 Other borrowings 1,804 2,170 Total borrowings 875,246 863,952 Less current portion 469 98,946 Total long-term borrowings $ 874,777 $ 765,006

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of Company's Financial Assets and (Liabilities) at Fair Value on Recurring Basis	The following table summarizes the basis used to measure the Company’s financial assets at fair value on a recurring basis in the balance sheet at June 30, 2015 and December 31, 2014 : Basis of Fair Value Measurements Balance at Level 1 Level 2 Level 3 Money market investment $ 44,409 $ 44,409 $ — $ — Available for sale securities 4,973 4,973 — — Basis of Fair Value Measurements Balance at Level 1 Level 2 Level 3 Money market investment $ 21,094 $ 21,094 $ — $ — Available for sale securities 4,513 4,513 — —

Restructuring (Tables)

Restructuring (Tables)	6 Months Ended
	Jun. 30, 2015
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve	The changes in the restructuring accrual for the six months ended June 30, 2015 are as follows: Balance at January 1, 2015 $ 6,056 Payments, utilization and other (4,888 ) Balance at June 30, 2015 $ 1,168

Other Comprehensive Income (L40

Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The components of other comprehensive income (loss) are as follows: Three Months Ended Three Months Ended Pre-tax Tax Net of tax Pre-tax Tax Net of tax Cumulative translation adjustment $ 23,743 $ — $ 23,743 $ 13,874 $ — $ 13,874 Pension and other postretirement adjustments 1,215 (395 ) 820 798 (281 ) 517 Reclassification adjustments for derivatives 1,767 (641 ) 1,126 1,817 (662 ) 1,155 Total other comprehensive income (loss) $ 26,725 $ (1,036 ) $ 25,689 $ 16,489 $ (943 ) $ 15,546 Six Months Ended Six Months Ended Pre-tax Tax Net of tax Pre-tax Tax Net of tax Cumulative translation adjustment $ (32,894 ) $ — $ (32,894 ) $ 14,158 $ — $ 14,158 Pension and other postretirement adjustments 2,390 (790 ) 1,600 1,477 (521 ) 956 Reclassification adjustments for derivatives 3,539 (1,283 ) 2,256 3,637 (1,325 ) 2,312 Total other comprehensive income (loss) $ (26,965 ) $ (2,073 ) $ (29,038 ) $ 19,272 $ (1,846 ) $ 17,426
Reclassification out of Accumulated Other Comprehensive Income	The following table summarizes the amounts reclassified from accumulated other comprehensive income to net income during the three and six months ended June 30, 2015 and 2014 : Three Months Ended Six Months Ended 2015 2014 2015 2014 Income Statement Caption Pension and other postretirement plans Amortization of service cost $ 1,215 $ 798 $ 2,390 $ 1,477 Selling, general and administrative expense Total before tax 1,215 798 2,390 1,477 Provision for income taxes (395 ) (281 ) (790 ) (521 ) Total net of tax $ 820 $ 517 $ 1,600 $ 956 Derivatives Reclassification adjustments $ 1,767 $ 1,817 $ 3,539 $ 3,637 Interest expense Total before tax 1,767 1,817 3,539 3,637 Provision for income taxes (641 ) (662 ) (1,283 ) (1,325 ) Total net of tax $ 1,126 $ 1,155 $ 2,256 $ 2,312

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Stock Option Activity	A summary of the Company’s stock option activity as of June 30, 2015 , and changes during the six months ended June 30, 2015 , is presented in the following table: Stock Options Shares Weighted Average Price Weighted-Average Remaining Contractual Term Aggregate Intrinsic Value Outstanding at January 1, 2015 2,378,559 $ 46.91 6.69 $ 73,561,785 Granted 459,830 78.40 Exercised (338,195 ) 39.93 Forfeited (53,310 ) 61.85 Outstanding at June 30, 2015 2,446,884 $ 53.47 6.95 $ 61,436,539 Vested and expected to vest as of June 30, 2015 2,309,595 $ 52.41 6.83 $ 60,453,367 Exercisable at June 30, 2015 1,317,492 $ 41.61 5.52 $ 48,706,596
Stock Option
Schedule of Weighted Average Option Fair Values and Assumptions	Weighted average option fair values and assumptions for the periods specified are disclosed below. The fair value of each option grant was estimated on the date of the grant using the Binomial lattice option pricing model. Three Months Ended 2015 2014 Weighted average fair value of option grants $19.49 $19.34 Dividend yield 1.65% 1.43% Volatility 29.87% 30.43% Risk-free forward interest rate 0.26% - 3.11% 0.10% - 4.17% Expected life (in years) 5.90 5.87 Six Months Ended 2015 2014 Weighted average fair value of option grants $20.39 $19.53 Dividend yield 1.42% 1.26% Volatility 29.94% 30.36% Risk-free forward interest rate 0.23% - 2.75% 0.12% - 4.67% Expected life (in years) 5.90 5.89
Schedule of Compensation Cost for Stock Options and Unvested Shares and Performance Share Units	Total compensation cost for stock options is as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 Cost of goods sold $ 124 $ 133 $ 350 $ 375 Selling, general and administrative expenses 1,494 1,425 3,690 3,615 Total expense before income taxes 1,618 1,558 4,040 3,990 Income tax benefit (502 ) (496 ) (1,269 ) (1,251 ) Total expense after income taxes $ 1,116 $ 1,062 $ 2,771 $ 2,739
Performance Shares
Schedule of Weighted Average Option Fair Values and Assumptions	Weighted average performance share unit fair values and assumptions for the period specified are disclosed below. The performance share units are market condition awards and have been assessed at fair value on the date of grant using a Monte Carlo simulation model. Three and Six Months Ended June 30, 2015 2014 Weighted average fair value of performance share units $95.07 $94.55 Dividend yield 0.00% 0.00% Volatility 19.14% 26.41% Risk-free forward interest rate 1.01% 0.65% Expected life (in years) 2.86 2.88
Schedule of Compensation Cost for Stock Options and Unvested Shares and Performance Share Units	Total compensation cost for performance share units is as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 Cost of goods sold $ — $ — $ — $ — Selling, general and administrative expenses 1,183 823 2,525 1,484 Total expense before income taxes 1,183 823 2,525 1,484 Income tax benefit (408 ) (288 ) (838 ) (474 ) Total expense after income taxes $ 775 $ 535 $ 1,687 $ 1,010
Unvested Shares
Schedule of Compensation Cost for Stock Options and Unvested Shares and Performance Share Units	Total compensation cost for unvested shares is as follows: Three Months Ended Six Months Ended 2015 2014 2015 2014 Cost of goods sold $ 320 $ 693 $ 799 $ 1,165 Selling, general and administrative expenses 1,741 2,578 4,438 5,324 Total expense before income taxes 2,061 3,271 5,237 6,489 Income tax benefit (472 ) (644 ) (1,278 ) (1,331 ) Total expense after income taxes $ 1,589 $ 2,627 $ 3,959 $ 5,158

Retirement Benefits (Tables)

Retirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2015
Pension Plans
Components of Net Periodic Benefit Cost for Defined Benefit Plans and Other Postretirement Plans	The following tables provide the components of net periodic benefit cost for its major defined benefit plans and its other postretirement plans. Pension Benefits Three Months Ended June 30, 2015 2014 U.S. Non-U.S. U.S. Non-U.S. Service cost $ 376 $ 376 $ 323 $ 392 Interest cost 937 433 1,053 605 Expected return on plan assets (1,248 ) (280 ) (1,408 ) (329 ) Net amortization 855 470 674 219 Net periodic benefit cost $ 920 $ 999 $ 642 $ 887 Pension Benefits Six Months Ended June 30, 2015 2014 U.S. Non-U.S. U.S. Non-U.S. Service cost $ 751 $ 757 $ 645 $ 766 Interest cost 1,875 868 2,106 1,204 Expected return on plan assets (2,496 ) (556 ) (2,816 ) (657 ) Net amortization 1,679 929 1,374 439 Net periodic benefit cost $ 1,809 $ 1,998 $ 1,309 $ 1,752
Other Postretirement Benefit Plans
Components of Net Periodic Benefit Cost for Defined Benefit Plans and Other Postretirement Plans	Other Postretirement Benefits Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Service cost $ 169 $ 179 $ 338 $ 357 Interest cost 209 233 418 466 Net amortization (111 ) (119 ) (219 ) (237 ) Net periodic benefit cost $ 267 $ 293 $ 537 $ 586

Acquisitions (Additional Inform

Acquisitions (Additional Information) (Detail) $ in Thousands, € in Millions	Jun. 10, 2015EUR (€)	Jun. 10, 2015USD ($)	May. 29, 2015EUR (€)	May. 29, 2015USD ($)	Apr. 28, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Business Acquisition [Line Items]
Goodwill						$ 1,397,660	$ 1,397,660	$ 1,321,277
Novotema, SpA
Business Acquisition [Line Items]
Revenues								33,000
Aggregate purchase price			€ 55.6	$ 60,700
Goodwill				34,900
Intangible assets				20,100
Business Acquisition, Goodwill, Expected Non Tax Deductible Amount				$ 34,900
Alfa Valvole, s.r.l
Business Acquisition [Line Items]
Revenues								$ 33,000
Aggregate purchase price	€ 99.8	$ 112,600
Goodwill		59,600
Intangible assets		44,600
Business Acquisition, Goodwill, Expected Non Tax Deductible Amount		$ 59,600
Aegis Flow Technologies
Business Acquisition [Line Items]
Aggregate purchase price					$ 25,000
Goodwill					7,700
Intangible assets					8,800
Goodwill deductible for tax purposes					$ 7,700
Selling, General And Administrative Expenses
Business Acquisition [Line Items]
Acquisition-related transaction costs						1,000	$ 1,200
Cost Of Goods Sold
Business Acquisition [Line Items]
Fair value of inventory charges associated with acquisitions						$ 700

Acquisitions (Allocation of Acq

Acquisitions (Allocation of Acquisition Costs to Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill	$ 1,397,660	$ 1,321,277
Novotema, SpA and Alfa Valvole, s.r.l
Business Acquisition [Line Items]
Current assets, net of cash acquired	40,296
Property, plant and equipment	12,233
Goodwill	94,481
Intangible assets	64,711
Total assets acquired	211,721
Current liabilities	(15,321)
Deferred tax liability	(20,863)
Other liabilities	(2,204)
Net assets acquired	$ 173,333

Acquisitions (Acquired Intangib

Acquisitions (Acquired Intangible Assets and Weighted Average Amortization Periods) (Details) - 6 months ended Jun. 30, 2015 - Novotema, SpA and Alfa Valvole, s.r.l - USD ($) $ in Thousands	Total
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, Total	$ 64,711
Trade names
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, Total	$ 4,352
Acquired intangible assets, Weighted Average Life	15 years
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, Total	$ 50,074
Acquired intangible assets, Weighted Average Life	14 years
Unpatented technology
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired intangible assets, Total	$ 10,285
Acquired intangible assets, Weighted Average Life	8 years

Business Segments (Additional I

Business Segments (Additional Information) (Detail)	6 Months Ended
	Jun. 30, 2015segment
Segment Reporting [Abstract]
Number of reportable business segments	3

Business Segments (Schedule of

Business Segments (Schedule of Information on Company's Business Segments) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net sales	$ 514,881	$ 546,693	$ 1,017,079	$ 1,090,689
Operating income	109,909	112,088	211,666	225,923
Interest expense	10,584	10,405	21,181	20,862
Other (income) expense - net	827	137	(896)	(707)
Income before income taxes	98,498	101,546	191,381	205,768
Total assets	2,903,358		2,903,358		$ 2,908,070
Intersegment elimination
Segment Reporting Information [Line Items]
Net sales	(758)	(1,261)	(2,550)	(4,285)
Corporate office and other
Segment Reporting Information [Line Items]
Operating income	(15,490)	(15,657)	(34,250)	(34,106)
Total assets	158,547		158,547		269,836
Fluid & Metering Technologies
Segment Reporting Information [Line Items]
Segment sales	215,293	226,100	433,541	449,461
Operating income	51,857	55,623	107,755	112,030
Total assets	1,161,544		1,161,544		1,026,238
Fluid & Metering Technologies | External customers
Segment Reporting Information [Line Items]
Segment sales	214,983	225,866	432,915	448,873
Fluid & Metering Technologies | Intersegment elimination
Segment Reporting Information [Line Items]
Segment sales	310	234	626	588
Health & Science Technologies
Segment Reporting Information [Line Items]
Segment sales	188,405	185,672	367,525	372,047
Operating income	42,060	36,137	79,517	72,366
Total assets	1,121,965		1,121,965		1,101,155
Health & Science Technologies | External customers
Segment Reporting Information [Line Items]
Segment sales	188,046	184,849	365,796	368,741
Health & Science Technologies | Intersegment elimination
Segment Reporting Information [Line Items]
Segment sales	359	823	1,729	3,306
Fire & Safety/Diversified Products
Segment Reporting Information [Line Items]
Segment sales	111,941	136,182	218,563	273,466
Operating income	31,482	35,985	58,644	75,633
Total assets	461,302		461,302		$ 510,841
Fire & Safety/Diversified Products | External customers
Segment Reporting Information [Line Items]
Segment sales	111,852	135,978	218,368	273,075
Fire & Safety/Diversified Products | Intersegment elimination
Segment Reporting Information [Line Items]
Segment sales	$ 89	$ 204	$ 195	$ 391

Earnings Per Common Share (Addi

Earnings Per Common Share (Additional Information) (Detail) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Increase (decrease) in income attributable to common shareholders	$ (0.1)	$ (0.2)	$ (0.4)	$ (0.7)
Option to purchase common stock shares not included in the computation of diluted EPS (in shares)	0.9	0.5	0.9	0.5

Earnings Per Common Share (Sche

Earnings Per Common Share (Schedule of Basic Weighted Average Shares Reconciles to Diluted Weighted Average Shares Outstanding) (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accounting Policies [Abstract]
Basic weighted average common shares outstanding (in shares)	77,466	80,106	77,731	80,317
Dilutive effect of stock options, unvested shares, and DCUs (in shares)	831	1,043	845	1,045
Diluted weighted average common shares outstanding (in shares)	78,297	81,149	78,576	81,362

Inventories (Components of Inve

Inventories (Components of Inventories) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Raw materials and component parts	$ 147,608	$ 137,584
Work in process	44,625	37,178
Finished goods	68,581	62,869
Total	$ 260,814	$ 237,631

Goodwill and Intangible Asset51

Goodwill and Intangible Assets (Schedule of Changes in Carrying Amount of Goodwill) (Detail) - 6 months ended Jun. 30, 2015 - USD ($) $ in Thousands	Total
Goodwill [Roll Forward]
Beginning Balance	$ 1,321,277
Foreign currency translation	(18,098)
Acquisitions	94,481
Ending Balance	$ 1,397,660
IPO reporting units, fair value, percent grader than carrying value	15.00%
Fluid & Metering Technologies
Goodwill [Roll Forward]
Beginning Balance	$ 524,149
Foreign currency translation	(8,247)
Acquisitions	59,562
Ending Balance	575,464
Health & Science Technologies
Goodwill [Roll Forward]
Beginning Balance	563,465
Foreign currency translation	103
Acquisitions	34,919
Ending Balance	598,487
Fire & Safety/Diversified Products
Goodwill [Roll Forward]
Beginning Balance	233,663
Foreign currency translation	(9,954)
Acquisitions	0
Ending Balance	$ 223,709

Goodwill and Intangible Asset52

Goodwill and Intangible Assets (Schedule of Gross Carrying Value and Accumulated Amortization for Each Major Class of Intangible Asset) (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Goodwill And Intangible Assets [Line Items]
Amortized intangible assets - Gross Carrying Amount	$ 470,045	$ 414,254
Intangible assets - Gross Carrying Amount	532,145	476,354
Amortized intangible assets - Accumulated Amortization	(218,451)	(205,190)
Amortized intangible assets - Net	251,594	209,064
Intangible assets - Net	313,694	271,164
Patents
Goodwill And Intangible Assets [Line Items]
Amortized intangible assets - Gross Carrying Amount	10,168	10,016
Amortized intangible assets - Accumulated Amortization	(5,768)	(5,313)
Amortized intangible assets - Net	$ 4,400	4,703
Amortized intangible assets - Weighted Average Life	11 years
Trade names
Goodwill And Intangible Assets [Line Items]
Amortized intangible assets - Gross Carrying Amount	$ 107,506	104,118
Amortized intangible assets - Accumulated Amortization	(35,754)	(32,881)
Amortized intangible assets - Net	$ 71,752	71,237
Amortized intangible assets - Weighted Average Life	16 years
Customer relationships
Goodwill And Intangible Assets [Line Items]
Amortized intangible assets - Gross Carrying Amount	$ 265,256	222,486
Amortized intangible assets - Accumulated Amortization	(132,125)	(126,193)
Amortized intangible assets - Net	$ 133,131	96,293
Amortized intangible assets - Weighted Average Life	11 years
Non-compete agreements
Goodwill And Intangible Assets [Line Items]
Amortized intangible assets - Gross Carrying Amount	$ 836	840
Amortized intangible assets - Accumulated Amortization	(762)	(636)
Amortized intangible assets - Net	$ 74	204
Amortized intangible assets - Weighted Average Life	3 years
Unpatented technology
Goodwill And Intangible Assets [Line Items]
Amortized intangible assets - Gross Carrying Amount	$ 79,243	69,760
Amortized intangible assets - Accumulated Amortization	(38,682)	(35,165)
Amortized intangible assets - Net	$ 40,561	34,595
Amortized intangible assets - Weighted Average Life	10 years
Other
Goodwill And Intangible Assets [Line Items]
Amortized intangible assets - Gross Carrying Amount	$ 7,036	7,034
Amortized intangible assets - Accumulated Amortization	(5,360)	(5,002)
Amortized intangible assets - Net	$ 1,676	2,032
Amortized intangible assets - Weighted Average Life	10 years
Banjo trade name
Goodwill And Intangible Assets [Line Items]
Indefinite lived intangible assets - Gross Carrying Amount	$ 62,100	62,100
Indefinite lived intangible assets - Net	$ 62,100	$ 62,100

Accrued Expenses (Components of

Accrued Expenses (Components of Accrued Expenses) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Payables and Accruals [Abstract]
Payroll and related items	$ 57,699	$ 64,124
Management incentive compensation	8,131	21,567
Income taxes payable	18,334	9,305
Insurance	8,225	10,058
Warranty	6,858	7,196
Deferred revenue	10,477	11,813
Restructuring	1,168	6,056
Liability for uncertain tax positions	2,177	2,084
Accrued interest	1,224	1,738
Other	31,478	29,468
Total accrued expenses	$ 145,771	$ 163,409

Other Noncurrent Liabilities (C

Other Noncurrent Liabilities (Components of Noncurrent Liabilities) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Other Liabilities Disclosure [Abstract]
Pension and retiree medical obligations	$ 87,101	$ 90,584
Liability for uncertain tax positions	4,064	2,471
Deferred revenue	3,692	4,612
Other	18,399	16,610
Total other noncurrent liabilities	$ 113,256	$ 114,277

Borrowings (Schedule of Borrowi

Borrowings (Schedule of Borrowings) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Long-term borrowings	$ 875,246	$ 863,952
Less current portion	469	98,946
Total long-term borrowings	874,777	765,006
2.58% Senior Euro Notes, due June 2015
Debt Instrument [Line Items]
Long-term borrowings	0	98,456
4.5% Senior Notes, due December 2020
Debt Instrument [Line Items]
Long-term borrowings	299,051	298,975
4.2% Senior Notes, due December 2021
Debt Instrument [Line Items]
Long-term borrowings	349,391	349,351
Revolving Facility
Debt Instrument [Line Items]
Revolving Facility	225,000	115,000
Other borrowings
Debt Instrument [Line Items]
Other borrowings	$ 1,804	$ 2,170

Borrowings (Schedule of Borro56

Borrowings (Schedule of Borrowings 1) (Detail)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
2.58% Senior Euro Notes, due June 2015
Debt Instrument [Line Items]
Stated interest rate	2.58%
Senior Notes, maturity date	2015-06	2015-06
4.2% Senior Notes, due December 2021
Debt Instrument [Line Items]
Stated interest rate	4.20%
Senior Notes, maturity date	2021-12	2021-12
4.5% Senior Notes, due December 2020
Debt Instrument [Line Items]
Stated interest rate	4.50%
Senior Notes, maturity date	2020-12	2020-12

Borrowings (Additional Informat

Borrowings (Additional Information) (Detail)	Jun. 23, 2015USD ($)	Jun. 30, 2015USD ($)covenant	Dec. 31, 2014USD ($)	Dec. 31, 2011
Line of Credit Facility [Line Items]
Applicable margin over LIBOR		1.10%
Number of financial covenants | covenant		2
2.58% Senior Euro Notes, due June 2015
Line of Credit Facility [Line Items]
Stated interest rate		2.58%
4.5% Senior Notes, due December 2020
Line of Credit Facility [Line Items]
Stated interest rate				4.50%
4.2% Senior Notes, due December 2021
Line of Credit Facility [Line Items]
Stated interest rate				4.20%
Minimum
Line of Credit Facility [Line Items]
Applicable margin over LIBOR		0.91%
Minimum | Other borrowings
Line of Credit Facility [Line Items]
Stated interest rate		0.20%
Minimum | 2.58% Senior Euro Notes, due June 2015
Line of Credit Facility [Line Items]
Interest coverage ratio		3
Maximum
Line of Credit Facility [Line Items]
Applicable margin over LIBOR		1.50%
Maximum | Other borrowings
Line of Credit Facility [Line Items]
Stated interest rate		1.30%
Revolving Facility
Line of Credit Facility [Line Items]
Current borrowings under revolving facility		$ 225,000,000	$ 115,000,000
Outstanding letters of credit		7,600,000
Revolving Facility, amount available to borrow		$ 467,400,000
Revolving Facility | Maximum
Line of Credit Facility [Line Items]
Leverage ratio		3.50
Other borrowings
Line of Credit Facility [Line Items]
Other borrowings		$ 1,804,000	$ 2,170,000
Existing Credit Agreement
Line of Credit Facility [Line Items]
Expiration period		5 years
Revolving facility principal amount		$ 700,000,000
Expiration date		Jun. 27, 2016
Credit Agreement
Line of Credit Facility [Line Items]
Expiration date	Jun. 23, 2020
Borrowing capacity	$ 700,000,000
Extension period	1 year
Aggregate lending commitments	$ 350,000,000
Credit Agreement | Maximum
Line of Credit Facility [Line Items]
Leverage ratio		3.50
Credit Agreement | Letters Of Credit
Line of Credit Facility [Line Items]
Borrowing capacity	75,000,000
Credit Agreement | Swing line Loans
Line of Credit Facility [Line Items]
Borrowing capacity	$ 50,000,000

Derivative Instruments (Additio

Derivative Instruments (Additional Information) (Detail) $ in Thousands	6 Months Ended		24 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2011USD ($)instrument
Derivative [Line Items]
Amortization of interest expense	$ 860	$ 859
Amount to be recognized from hedged transactions within 12 months, approximate	$ 6,900
Interest Rate Exchange Agreement Expiring 2010 and 2011
Derivative [Line Items]
Amortization of interest expense			$ 68,900
Term of amortized interest expense, years			10 years
4.5% Senior Notes, due December 2020
Derivative [Line Items]
Interest rate on senior notes			4.50%
4.2% Senior Notes, due December 2021
Derivative [Line Items]
Interest rate on senior notes			4.20%
Interest Rate Contract
Derivative [Line Items]
Number of instruments held | instrument			2

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule of Company Financial Assets and Liabilities at Fair Value on Recurring Basis) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Money market investment	$ 44,409	$ 21,094
Available for sale securities	4,973	4,513
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Money market investment	44,409	21,094
Available for sale securities	4,973	4,513
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Money market investment	0	0
Available for sale securities	0	0
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Money market investment	0	0
Available for sale securities	$ 0	$ 0

Fair Value Measurements (Additi

Fair Value Measurements (Additional Information) (Detail) - Jun. 30, 2015 - USD ($) $ in Millions	Total
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of our revolving facility and senior debt	$ 873.9
Carrying value of our revolving facility and senior debt	$ 873.4
4.5% Senior Notes, due December 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate	4.50%
4.2% Senior Notes, due December 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Stated interest rate	4.20%

Restructuring (Details)

Restructuring (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jul. 22, 2015
Restructuring Reserve [Roll Forward]
Balance at January 1, 2015	$ 6,056
Payments, utilization and other	(4,888)
Balance at June 30, 2015	$ 1,168
Subsequent Event
Restructuring Reserve [Roll Forward]
Restructuring, expected cost		$ 8,000

Other Comprehensive Income (L62

Other Comprehensive Income (Loss) (Components of Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Equity [Abstract]
Cumulative translation adjustment, Pre-tax	$ 23,743	$ 13,874	$ (32,894)	$ 14,158
Cumulative translation adjustment, Tax	0	0	0	0
Cumulative translation adjustment, Net of Tax	23,743	13,874	(32,894)	14,158
Pension and Other Postretirement Adjustments
Pension and other postretirement adjustments, Pre-tax	1,215	798	2,390	1,477
Pension and other postretirement adjustments, Tax	(395)	(281)	(790)	(521)
Pension and other postretirement adjustments, Net of Tax	820	517	1,600	956
Reclassification adjustments for derivatives, Pre-tax	1,767	1,817	3,539	3,637
Reclassification adjustments for derivatives, Tax	(641)	(662)	(1,283)	(1,325)
Reclassification adjustments for derivatives, Net of tax	1,126	1,155	2,256	2,312
Total other comprehensive income (loss), Pre-tax	26,725	16,489	(26,965)	19,272
Total other comprehensive income (loss), Tax	(1,036)	(943)	(2,073)	(1,846)
Other comprehensive income (loss)	$ 25,689	$ 15,546	$ (29,038)	$ 17,426

Other Comprehensive Income (L63

Other Comprehensive Income (Loss) (Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	$ 121,706	$ 129,044	$ 245,990	$ 259,629
Interest expense	10,584	10,405	21,181	20,862
Provision for income taxes	(28,913)	(29,769)	(55,842)	(59,443)
Reclassification out of Accumulated Other Comprehensive Income | Pension and Other Postretirement Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	1,215	798	2,390	1,477
Total before tax	1,215	798	2,390	1,477
Provision for income taxes	(395)	(281)	(790)	(521)
Total net of tax	820	517	1,600	956
Reclassification out of Accumulated Other Comprehensive Income | Derivatives
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	1,767	1,817	3,539	3,637
Interest expense	1,767	1,817	3,539	3,637
Provision for income taxes	(641)	(662)	(1,283)	(1,325)
Total net of tax	$ 1,126	$ 1,155	$ 2,256	$ 2,312

Common and Preferred Stock (Add

Common and Preferred Stock (Additional Information) (Detail) - USD ($) $ / shares in Units, $ in Thousands	Nov. 06, 2014	Jul. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Stockholders Equity Note [Line Items]
Increase in share repurchase authorized amount	$ 400,000
Purchase of common stock (in shares)			1,490,582	1,200,000
Repurchase of common stock, including subsequent settlements			$ 113,300	$ 85,700
Purchase of common stock		$ 2,600	113,592	$ 83,060
Remaining authorized repurchase amount			$ 432,200
Common stock, authorized (in shares)			150,000,000		150,000,000
Common stock, par value (in dollars per share)			$ 0.01		$ 0.01
Preferred stock, authorized (in shares)			5,000,000		5,000,000
Preferred stock, par value (in dollars per share)			$ 0.01		$ 0.01
Preferred stock, issued (in shares)			0		0
October Settlement
Stockholders Equity Note [Line Items]
Purchase of common stock			$ 2,300

Share Based Compensation (Addit

Share Based Compensation (Additional Information) (Detail) - USD ($) shares in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted (in shares)	0.4	0.5
Total unrecognized compensation cost	$ 13.5
Weighted-average period of total unrecognized compensation cost, in years	1 year 6 months
Unvested Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)	0.1	0.2
Total unrecognized compensation cost	$ 11.7
Weighted-average period of total unrecognized compensation cost, in years	1 year 1 month 6 days
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)	0.1	0.1
Total unrecognized compensation cost	$ 8.7
Weighted-average period of total unrecognized compensation cost, in years	1 year 1 month 6 days

Share-Based Compensation (Sched

Share-Based Compensation (Schedule of Weighted Average Option, Performance Share Fair Values and Assumptions) (Detail) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Stock Option
Schedule of Weighted Average Assumptions for Fair Values of Stock Options[Line Items]
Weighted average fair value of option grants (in dollars per share)	$ 19.49	$ 19.34	$ 20.39	$ 19.53
Dividend yield	1.65%	1.43%	1.42%	1.26%
Volatility	29.87%	30.43%	29.94%	30.36%
Expected life (in years)	5 years 10 months 24 days	5 years 10 months 13 days	5 years 10 months 24 days	5 years 10 months 21 days
Stock Option | Minimum
Schedule of Weighted Average Assumptions for Fair Values of Stock Options[Line Items]
Risk-free forward interest rate	0.26%	0.10%	0.23%	0.12%
Stock Option | Maximum
Schedule of Weighted Average Assumptions for Fair Values of Stock Options[Line Items]
Risk-free forward interest rate	3.11%	4.17%	2.75%	4.67%
Performance Shares
Schedule of Weighted Average Assumptions for Fair Values of Stock Options[Line Items]
Weighted average fair value of option grants (in dollars per share)	$ 95.07	$ 94.55	$ 95.07	$ 94.55
Dividend yield	0.00%	0.00%	0.00%	0.00%
Volatility	19.14%	26.41%	19.14%	26.41%
Risk-free forward interest rate	1.01%	0.65%	1.01%	0.65%
Expected life (in years)	2 years 10 months 10 days	2 years 10 months 17 days	2 years 10 months 10 days	2 years 10 months 17 days

Share-Based Compensation (Sch67

Share-Based Compensation (Schedule of Compensation Cost for Stock Options, Unvested Shares and Performance Share Units) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Total expense before income taxes			$ 11,802	$ 11,963
Stock Option
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Total expense before income taxes	$ 1,618	$ 1,558	4,040	3,990
Income tax benefit	(502)	(496)	(1,269)	(1,251)
Total expense after income taxes	1,116	1,062	2,771	2,739
Stock Option | Cost Of Goods Sold
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Total expense before income taxes	124	133	350	375
Stock Option | Selling, General And Administrative Expenses
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Total expense before income taxes	1,494	1,425	3,690	3,615
Unvested Shares
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Total expense before income taxes	2,061	3,271	5,237	6,489
Income tax benefit	(472)	(644)	(1,278)	(1,331)
Total expense after income taxes	1,589	2,627	3,959	5,158
Unvested Shares | Cost Of Goods Sold
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Total expense before income taxes	320	693	799	1,165
Unvested Shares | Selling, General And Administrative Expenses
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Total expense before income taxes	1,741	2,578	4,438	5,324
Performance Shares
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Total expense before income taxes	1,183	823	2,525	1,484
Income tax benefit	(408)	(288)	(838)	(474)
Total expense after income taxes	775	535	1,687	1,010
Performance Shares | Cost Of Goods Sold
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Total expense before income taxes	0	0	0	0
Performance Shares | Selling, General And Administrative Expenses
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Total expense before income taxes	$ 1,183	$ 823	$ 2,525	$ 1,484

Share-Based Compensation (Stock

Share-Based Compensation (Stock Options Activity) (Detail) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Shares
Beginning balance (in shares)	2,378,559
Granted (in shares)	459,830
Exercised (in shares)	(338,195)
Forfeited/Expired (in shares)	(53,310)
Ending balance (in shares)	2,446,884	2,378,559
Vested and expected to vest (in shares)	2,309,595
Exercisable (in shares)	1,317,492
Weighted Average Price
Beginning Balance, Weighted Average Price (in dollars per share)	$ 46.91
Granted, Weighted Average Price (in dollars per share)	78.40
Exercised, Weighted Average Price (in dollars per share)	39.93
Forfeited/Expired, Weighted Average Price (in dollars per share)	61.85
Ending Balance, Weighted Average Price (in dollars per share)	53.47	$ 46.91
Vested and expected to vest , Weighted Average Price (in dollars per share)	52.41
Exercisable at June 30, 2014, Weighted Average Price (in dollars per share)	$ 41.61
Weighted-Average Remaining Contractual Term
Weighted-Average Remaining Contractual Term, Ending	6 years 11 months 12 days	6 years 8 months 9 days
Weighted-Average Remaining Contractual Term, Vested and expected to vest	6 years 9 months 29 days
Weighted-Average Remaining Contractual Term, Exercisable	5 years 6 months 7 days
Aggregate Intrinsic Value
Stock options outstanding, Beginning aggregate intrinsic value	$ 73,561,785
Stock options outstanding, Ending aggregate intrinsic value	61,436,539	$ 73,561,785
Stock options, vested and expected to vest aggregate intrinsic value	60,453,367
Stock options, exercisable aggregate intrinsic value	$ 48,706,596

Retirement Benefits (Components

Retirement Benefits (Components of Net Periodic Benefit Cost for Defined Benefit Plans and Other Postretirement Plans) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
U.S.
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 376	$ 323	$ 751	$ 645
Interest cost	937	1,053	1,875	2,106
Expected return on plan assets	(1,248)	(1,408)	(2,496)	(2,816)
Net amortization	855	674	1,679	1,374
Net periodic benefit cost	920	642	1,809	1,309
Non-U.S.
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	376	392	757	766
Interest cost	433	605	868	1,204
Expected return on plan assets	(280)	(329)	(556)	(657)
Net amortization	470	219	929	439
Net periodic benefit cost	999	887	1,998	1,752
Other Postretirement Benefit Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	169	179	338	357
Interest cost	209	233	418	466
Net amortization	(111)	(119)	(219)	(237)
Net periodic benefit cost	$ 267	$ 293	$ 537	$ 586

Retirement Benefits (Additional

Retirement Benefits (Additional Information) (Detail) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Contributions by employer	$ 2.2
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Expected contribution for next fiscal year		$ 1.6
Expected contributions in current fiscal year	5.9
Other Postretirement Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Expected contribution for next fiscal year		$ 0.5
Expected contributions in current fiscal year	$ 0.7

Income Taxes (Additional Inform

Income Taxes (Additional Information) (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Provision for income taxes	$ 28,913,000	$ 29,769,000	$ 55,842,000	$ 59,443,000
Effective tax rate	29.40%	29.30%	29.20%	28.90%
Minimum
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Reasonably possible change in unrecognized tax benefits over next 12 months	$ 0		$ 0
Maximum
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Reasonably possible change in unrecognized tax benefits over next 12 months	$ 2,200,000		$ 2,200,000

Subsequent Events (Details)

Subsequent Events (Details) - CIDRA Precision Services, LLC - USD ($) $ in Millions	Jul. 01, 2015	Dec. 31, 2014
Subsequent Event [Line Items]
Revenues		$ 9
Subsequent Event
Subsequent Event [Line Items]
Aggregate purchase price	$ 19.5
Eran-out	$ 5.5