Badger Meter (BMI) 10-Q 24 Jul 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 11, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'BADGER METER INC	'
Entity Central Index Key	'0000009092	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	14,447,342

Consolidated_Condensed_Balance

Consolidated Condensed Balance Sheets (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash	$6,758	$7,263
Receivables	60,798	50,133
Inventories:	'	'
Finished goods	20,699	17,704
Work in process	10,567	12,330
Raw materials	31,930	30,905
Total inventories	63,196	60,939
Prepaid expenses and other current assets	4,045	3,994
Deferred income taxes	4,923	4,834
Total current assets	139,720	127,163
Property, plant and equipment, at cost	169,644	164,138
Less accumulated depreciation	-92,458	-87,722
Net property, plant and equipment	77,186	76,416
Intangible assets, at cost less accumulated amortization	54,780	57,317
Prepaid pension	4,744	4,312
Other assets	7,845	6,155
Goodwill	44,695	44,695
Total assets	328,970	316,058
Current liabilities:	'	'
Short-term debt	68,693	70,045
Payables	18,147	18,554
Accrued compensation and employee benefits	8,433	7,337
Warranty and after-sale costs	1,433	882
Income and other taxes	4,013	1,223
Total current liabilities	100,719	98,041
Other long-term liabilities	1,345	1,324
Deferred income taxes	9,796	9,790
Accrued non-pension postretirement benefits	5,939	5,934
Other accrued employee benefits	4,301	4,406
Commitments and contingencies (Note 6)	'	'
Shareholders’ equity:	'	'
Common stock	20,519	20,504
Capital in excess of par value	47,087	45,627
Reinvested earnings	178,600	170,318
Accumulated other comprehensive loss	-7,189	-7,524
Less: Employee benefit stock	-995	-1,075
Treasury stock, at cost	-31,152	-31,287
Total shareholders’ equity	206,870	196,563
Total liabilities and shareholders’ equity	$328,970	$316,058

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Statement [Abstract]	'	'	'	'
Net sales	$95,662	$88,341	$179,158	$160,149
Cost of sales	60,831	58,495	115,376	105,266
Gross margin	34,831	29,846	63,782	54,883
Selling, engineering and administration	20,610	19,686	41,871	39,998
Operating earnings	14,221	10,160	21,911	14,885
Interest expense, net	311	332	602	580
Earnings before income taxes	13,910	9,828	21,309	14,305
Provision for income taxes	5,096	3,547	7,863	5,117
Net earnings	$8,814	$6,281	$13,446	$9,188
Earnings per share: (in dollars per share)	'	'	'	'
Basic	$0.62	$0.44	$0.94	$0.64
Diluted	$0.61	$0.44	$0.94	$0.64
Dividends declared per common share	$0.18	$0.17	$0.36	$0.34
Shares used in computation of earnings per share: (in shares)	'	'	'	'
Basic	14,309,509	14,365,536	14,244,135	14,345,143
Impact of dilutive securities	57,844	65,463	73,911	81,806
Diluted	14,367,353	14,430,999	14,318,046	14,426,949

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net earnings	$8,814	$6,281	$13,446	$9,188
Other comprehensive income (loss):	'	'	'	'
Foreign currency translation adjustment	-74	153	66	-368
Employee benefit funded status adjustment, net of tax	148	640	269	802
Comprehensive income	$8,888	$7,074	$13,781	$9,622

Consolidated_Condensed_Stateme

Consolidated Condensed Statements of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Operating activities:	'	'
Net earnings	$13,446	$9,188
Adjustments to reconcile net earnings to net cash provided by (used for) operations:	'	'
Depreciation	4,850	4,317
Amortization	2,548	2,484
Deferred income taxes	-89	-38
Noncurrent employee benefits	-138	401
Stock-based compensation expense	676	274
Changes in:	'	'
Receivables	-10,955	-7,116
Inventories	-2,258	7,367
Prepaid expenses and other current assets	-48	349
Liabilities other than debt	3,964	-2,026
Total adjustments	-1,450	6,012
Net cash provided by operations	11,996	15,200
Investing activities:	'	'
Property, plant and equipment expenditures	-5,645	-5,541
Acquisitions, net of cash acquired and future payments	-1,500	-9,881
Net cash used for investing activities	-7,145	-15,422
Financing activities:	'	'
Net decrease in short-term debt	-1,354	-448
Dividends paid	-5,168	-4,851
Proceeds from exercise of stock options	550	984
Tax benefit on stock options	150	363
Issuance of treasury stock	384	480
Net cash used for financing activities	-5,438	-3,472
Effect of foreign exchange rates on cash	82	-146
Decrease in cash	-505	-3,840
Cash - beginning of period	7,263	6,554
Cash - end of period	$6,758	$2,714

Basis_of_Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	In the opinion of management, the accompanying unaudited consolidated condensed financial statements of Badger Meter, Inc. (the “Company”) contain all adjustments (consisting only of normal recurring accruals except as otherwise discussed) necessary to present fairly the Company’s consolidated condensed financial position at June 30, 2014, results of operations for the three- and six-month periods ended June 30, 2014 and 2013, comprehensive income for the three- and six-month periods ended June 30, 2014 and 2013, and cash flows for the six-month periods ended June 30, 2014 and 2013. The results of operations for any interim period are not necessarily indicative of the results to be expected for the full year.
	The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Additional_Financial_Informati

Additional Financial Information Disclosures	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Additional Financial Information Disclosures	'
	Additional Financial Information Disclosures
	The consolidated condensed balance sheet at December 31, 2013 was derived from amounts included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013. Refer to the footnotes to the financial statements included in that report for a description of the Company’s accounting policies and for additional details of the Company’s financial condition. The details in those notes have not changed except as discussed below and as a result of normal adjustments in the interim.
	Warranty and After-Sale Costs
	The Company estimates and records provisions for warranties and other after-sale costs in the period in which the sale is recorded, based on a lag factor and historical warranty claim experience. After-sale costs represent a variety of activities outside of the written warranty policy, such as investigation of unanticipated problems after the customer has installed the product, or analysis of water quality issues. Changes in the Company's warranty and after-sale costs reserve are as follows:
		Three months ended						Six months ended
		June 30,						June 30,
	(In thousands)	2014			2013			2014			2013
	Balance at beginning of period	$	1,199		$	717		$	882		$	881
	Net additions charged to earnings	592			142			1,178			342
	Costs incurred	(358		)	(164		)	(627		)	(528		)
	Balance at end of period	$	1,433		$	695		$	1,433		$	695

Employee_Benefit_Plans

Employee Benefit Plans	6 Months Ended
	Jun. 30, 2014
Compensation and Retirement Disclosure [Abstract]	'
Employee Benefit Plans	'
	Employee Benefit Plans
	The Company maintains a non-contributory defined benefit pension plan (sometimes referred to as the “qualified pension plan”) for certain employees. After December 31, 2011, employees received no future benefits under the qualified pension plan as benefits were frozen and the employees now receive a defined contribution within the Badger Meter Employee Savings and Stock Ownership Plan (“ESSOP”) in its place. Employees continue to earn returns on their frozen balances under the qualified pension plan. The Company also maintains a non-contributory postretirement plan that provides medical benefits for certain of its retirees and eligible dependents in the United States.
	The following table sets forth the components of net periodic benefit cost for the three months ended June 30, 2014 and 2013 based on December 31, 2013 and 2012 actuarial measurement dates, respectively:
		Defined						Other
		pension plan						postretirement
		benefits						benefits
	(In thousands)	2014			2013			2014		2013
	Service cost – benefits earned during the year	$	25		$	2		$	29	$	42
	Interest cost on projected benefit obligations	499			440			62		66
	Expected return on plan assets	(694		)	(684		)	—		—
	Amortization of prior service cost	—			—			40		40
	Amortization of net loss	194			218			—		3
	Settlement expense	—			747			—		—
	Net periodic benefit cost	$	24		$	723		$	131	$	151
	The following table sets forth the components of net periodic benefit cost (income) for the six months ended June 30, 2014 and 2013 based on December 31, 2013 and 2012 actuarial measurement dates, respectively:
		Defined						Other
		pension plan						postretirement
		benefits						benefits
	(In thousands)	2014			2013			2014		2013
	Service cost – benefits earned during the year	$	32		$	15		$	65	$	84
	Interest cost on projected benefit obligations	993			892			135		132
	Expected return on plan assets	(1,407		)	(1,379		)	—		—
	Amortization of prior service cost	—			—			80		80
	Amortization of net loss	347			433			—		6
	Settlement expense	—			747			—		—
	Net periodic benefit cost (income)	$	(35	)	$	708		$	280	$	302
	The Company disclosed in its financial statements for the year ended December 31, 2013 that it was not required to make a minimum contribution to the defined benefit pension plan for the 2014 calendar year. The Company continues to believe no additional contributions will be required during 2014.
	The Company also disclosed in its financial statements for the year ended December 31, 2013 that it estimated it would pay $0.5 million in other postretirement benefits in 2014 based on actuarial estimates. As of June 30, 2014, $0.2 million of such benefits have been paid. The Company continues to believe that its estimated payments for the full year are reasonable. However, such estimates contain inherent uncertainties because cash payments can vary significantly depending on the timing of postretirement medical claims and the collection of the retirees’ portion of certain costs. Note that the amount of benefits paid in calendar year 2014 will not impact the expense for postretirement benefits for 2014.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2014
Equity [Abstract]	'
Accumulated Comprehensive Loss	'
	Accumulated Other Comprehensive Loss
	Components of and changes in accumulated other comprehensive loss at June 30, 2014 are as follows:
	(In thousands)	Unrecognized pension and postretirement benefits			Foreign currency			Total
	Balance at beginning of period	$	(9,280	)	$	1,756		$	(7,524	)
	Other comprehensive income before reclassifications	—			66			66
	Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.1) million	269			—			269
	Net current period other comprehensive income, net of tax	269			66			335
	Accumulated other comprehensive (loss) income	$	(9,011	)	$	1,822		$	(7,189	)
	Details of reclassifications out of accumulated other comprehensive loss during the six months ended June 30, 2014 are as follows:
	(In thousands)	Amount reclassified from accumulated other comprehensive loss
	Amortization of defined benefit pension items:
	Prior service cost (1)	$	80
	Amortization of actuarial loss (1)	348
	Total before tax	428
	Income tax benefit	(159		)
	Amount reclassified out of accumulated other comprehensive loss	$	269
	-1	These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost (income) in Note 3 "Employee Benefit Plans."
	Components of and changes in accumulated other comprehensive loss at June 30, 2013 are as follows:
	(In thousands)	Unrecognized pension and postretirement benefits			Foreign currency			Total
	Balance at beginning of period	$	(15,532	)	$	1,584		$	(13,948	)
	Other comprehensive income before reclassifications	—			(368		)	(368		)
	Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.5) million	802			—			802
	Net current period other comprehensive income, net of tax	802			(368		)	434
	Accumulated other comprehensive (loss) income	$	(14,730	)	$	1,216		$	(13,514	)
	Details of reclassifications out of accumulated other comprehensive loss during the six months ended June 30, 2013 are as follows:
	(In thousands)	Amount reclassified from accumulated other comprehensive loss
	Amortization of defined benefit pension items:
	Prior service cost (1)	80
	Settlement expense (1)	747
	Amortization of actuarial loss (1)	439
	Total before tax	1,266
	Income tax benefit	(464		)
	Amount reclassified out of accumulated other comprehensive loss	$	802
	-1	These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost (income) in Note 3 "Employee Benefit Plans."

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2014
Business Combinations [Abstract]	'
Acquisitions	'
	Acquisitions
	On April 1, 2013, the Company acquired 100% of the outstanding common stock of Aquacue, Inc. (“Aquacue”) of Los Gatos, California. The Aquacue acquisition provides the Company with intellectual property that complements and expands the Company's advanced metering analytics offerings by adding an integrated software platform that allows utility managers to monitor and control their water systems, while providing water management data to consumers.
	The purchase price was $13.8 million in cash, including a small working capital adjustment. The purchase price included a final $3.0 million payment, of which half was due January 10, 2014 and half is due October 10, 2014, and these amounts were recorded in payables on the Consolidated Balance Sheets at December 31, 2013. As of December 31, 2013, the Company completed its analysis for estimating the fair value of the assets acquired and liabilities assumed, and merged Aquacue into Badger Meter, Inc.
	The acquisition was accounted for under the purchase method, and accordingly, the results of operations are included in the Company's financial statements from the date of acquisition. The acquisition did not have a material impact on the Company's consolidated condensed financial statements or the notes thereto for 2013.

Contingencies_Litigation_and_C

Contingencies, Litigation and Commitments	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Contingencies, Litigation and Commitments	'
	Contingencies, Litigation and Commitments
	In the normal course of business, the Company is named in legal proceedings. There are currently no material legal proceedings pending with respect to the Company. The more significant legal proceedings are discussed below.
	The Company is subject to contingencies related to environmental laws and regulations. The Company is named as one of many potentially responsible parties in two landfill lawsuits. The landfill sites are impacted by the Federal Comprehensive Environmental Response, Compensation and Liability Act and other environmental laws and regulations. At this time, the Company does not believe the ultimate resolution of these matters will have a material adverse effect on the Company’s financial position or results of operations, either from a cash flow perspective or on the financial statements as a whole. This belief is based on the Company’s assessment of its limited past involvement with these landfill sites as well as the substantial involvement of and government focus on other named third parties with these landfill sites. However, due to the inherent uncertainties of such proceedings, the Company cannot predict the ultimate outcome of any of these matters. A future change in circumstances with respect to these specific matters or with respect to sites formerly or currently owned or operated by the Company, off-site disposal locations used by the Company, and property owned by third parties that is near such sites, could result in future costs to the Company and such amounts could be material. Expenditures for compliance with environmental control provisions and regulations during 2013 and the first half of 2014 were not material.
	Like other companies in recent years, the Company is named as a defendant in numerous pending multi-claimant/multi-defendant lawsuits alleging personal injury as a result of exposure to asbestos, manufactured by third parties, and integrated into or sold with a very limited number of the Company’s products. The Company is vigorously defending itself against these claims. Although it is not possible to predict the ultimate outcome of these matters, the Company does not believe the ultimate resolution of these issues will have a material adverse effect on the Company’s financial position or results of operations, either from a cash flow perspective or on the financial statements as a whole. This belief is based in part on the fact that no claimant has proven or substantially demonstrated asbestos exposure caused by products manufactured or sold by the Company and that a number of cases have been voluntarily dismissed.
	The Company relies on single suppliers for most brass castings and certain electronic subassemblies in several of its product lines. The Company believes these items would be available from other sources, but that the loss of certain suppliers would result in a higher cost of materials, delivery delays, short-term increases in inventory and higher quality control costs in the short term. The Company attempts to mitigate these risks by working closely with key suppliers, purchasing minimal amounts from alternative suppliers and by purchasing business interruption insurance where appropriate.
	The Company reevaluates its exposures on a periodic basis and makes adjustments to reserves as appropriate.

Income_Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	Income Taxes
	The provision for income taxes as a percentage of earnings before income taxes for the second quarter of 2014 was 36.6% compared to 36.1% in the second quarter of 2013. The provision for income taxes as a percentage of earnings before income taxes for the first half of 2014 was 36.9% compared to 35.8% in the first half of 2013. Interim provisions are tied to an estimate of the overall annual rate which can vary due to state taxes, the relationship of foreign and domestic earnings, and production credits available. These items cause variations between periods.

Fair_Value_Measurements_of_Fin

Fair Value Measurements of Financial Instruments	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Measurements of Financial Instruments	'
	Fair Value Measurements of Financial Instruments
	The Company applies the accounting standards for fair value measurements and disclosures for its financial assets and financial liabilities. The carrying amounts of cash, receivables and payables in the financial statements approximate their fair values due to the short-term nature of these financial instruments. Short-term debt is comprised of notes payable drawn against the Company's lines of credit and commercial paper. Because of its short-term nature, the carrying amount of the short-term debt also approximates fair value. Included in other assets are insurance policies on various individuals who were associated with the Company. The carrying amounts of these insurance policies approximate their fair value.

Subsequent_Events

Subsequent Events	6 Months Ended
	Jun. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	Subsequent Events
	The Company evaluates subsequent events at the date of the balance sheet as well as conditions that arise after the balance sheet date but before the financial statements are issued. The effects of conditions that existed at the date of the balance sheet date are recognized in the financial statements. Events and conditions arising after the balance sheet date but before the financial statements are issued are evaluated to determine if disclosure is required to keep the financial statements from being misleading. To the extent such events and conditions exist, if any, disclosures are made regarding the nature of events and the estimated financial effects for those events and conditions. For purposes of preparing the accompanying consolidated financial statements and the notes to these financial statements, the Company evaluated subsequent events through the date the accompanying financial statements were issued.

New_Pronouncement

New Pronouncement	6 Months Ended
	Jun. 30, 2014
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]	'
New Pronouncement	'
	New Pronouncement
	In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) No. 2014-09 "Revenue from Contracts with Customers." ASU 2014-09 provides a single principles-based, five-step model to be applied to all contracts with customers. The five steps are to identify the contract(s) with the customer, to identify the performance obligations in the contact, to determine the transaction price, to allocate the transaction price to the performance obligations in the contract and to recognize revenue when each performance obligation is satisfied. Revenue will be recognized when promised goods or services are transferred to the customer in an amount that reflects the consideration expected in exchange for those goods or services. ASU 2014-09 will be effective for the Company beginning on January 1, 2017 and the standard allows for either full retrospective adoption or modified retrospective adoption. The Company has just begun the process of evaluating the impact that the adoption of this guidance will have on its financial condition, results of operations and the presentation of its financial statements.

Additional_Financial_Informati1

Additional Financial Information Disclosures (Tables)	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Changes in warranty and after-sale costs reserve	'
	Changes in the Company's warranty and after-sale costs reserve are as follows:
		Three months ended						Six months ended
		June 30,						June 30,
	(In thousands)	2014			2013			2014			2013
	Balance at beginning of period	$	1,199		$	717		$	882		$	881
	Net additions charged to earnings	592			142			1,178			342
	Costs incurred	(358		)	(164		)	(627		)	(528		)
	Balance at end of period	$	1,433		$	695		$	1,433		$	695

Employee_Benefit_Plans_Tables

Employee Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2014
Compensation and Retirement Disclosure [Abstract]	'
Components of net periodic benefit cost	'
	The following table sets forth the components of net periodic benefit cost for the three months ended June 30, 2014 and 2013 based on December 31, 2013 and 2012 actuarial measurement dates, respectively:
		Defined						Other
		pension plan						postretirement
		benefits						benefits
	(In thousands)	2014			2013			2014		2013
	Service cost – benefits earned during the year	$	25		$	2		$	29	$	42
	Interest cost on projected benefit obligations	499			440			62		66
	Expected return on plan assets	(694		)	(684		)	—		—
	Amortization of prior service cost	—			—			40		40
	Amortization of net loss	194			218			—		3
	Settlement expense	—			747			—		—
	Net periodic benefit cost	$	24		$	723		$	131	$	151
	The following table sets forth the components of net periodic benefit cost (income) for the six months ended June 30, 2014 and 2013 based on December 31, 2013 and 2012 actuarial measurement dates, respectively:
		Defined						Other
		pension plan						postretirement
		benefits						benefits
	(In thousands)	2014			2013			2014		2013
	Service cost – benefits earned during the year	$	32		$	15		$	65	$	84
	Interest cost on projected benefit obligations	993			892			135		132
	Expected return on plan assets	(1,407		)	(1,379		)	—		—
	Amortization of prior service cost	—			—			80		80
	Amortization of net loss	347			433			—		6
	Settlement expense	—			747			—		—
	Net periodic benefit cost (income)	$	(35	)	$	708		$	280	$	302

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2014
Equity [Abstract]	'
Components of accumulated other comprehensive loss	'
	Components of and changes in accumulated other comprehensive loss at June 30, 2014 are as follows:
	(In thousands)	Unrecognized pension and postretirement benefits			Foreign currency			Total
	Balance at beginning of period	$	(9,280	)	$	1,756		$	(7,524	)
	Other comprehensive income before reclassifications	—			66			66
	Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.1) million	269			—			269
	Net current period other comprehensive income, net of tax	269			66			335
	Accumulated other comprehensive (loss) income	$	(9,011	)	$	1,822		$	(7,189	)
	Details of reclassifications out of accumulated other comprehensive loss during the six months ended June 30, 2014 are as follows:
	(In thousands)	Amount reclassified from accumulated other comprehensive loss
	Amortization of defined benefit pension items:
	Prior service cost (1)	$	80
	Amortization of actuarial loss (1)	348
	Total before tax	428
	Income tax benefit	(159		)
	Amount reclassified out of accumulated other comprehensive loss	$	269
	-1	These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost (income) in Note 3 "Employee Benefit Plans."
	Components of and changes in accumulated other comprehensive loss at June 30, 2013 are as follows:
	(In thousands)	Unrecognized pension and postretirement benefits			Foreign currency			Total
	Balance at beginning of period	$	(15,532	)	$	1,584		$	(13,948	)
	Other comprehensive income before reclassifications	—			(368		)	(368		)
	Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.5) million	802			—			802
	Net current period other comprehensive income, net of tax	802			(368		)	434
	Accumulated other comprehensive (loss) income	$	(14,730	)	$	1,216		$	(13,514	)
	Details of reclassifications out of accumulated other comprehensive loss during the six months ended June 30, 2013 are as follows:
	(In thousands)	Amount reclassified from accumulated other comprehensive loss
	Amortization of defined benefit pension items:
	Prior service cost (1)	80
	Settlement expense (1)	747
	Amortization of actuarial loss (1)	439
	Total before tax	1,266
	Income tax benefit	(464		)
	Amount reclassified out of accumulated other comprehensive loss	$	802
	-1	These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost (income) in Note 3 "Employee Benefit Plans."

Additional_Financial_Informati2

Additional Financial Information Disclosures (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Changes in warranty and after-sale costs reserve	'	'	'	'
Balance at beginning of period	$1,199	$717	$882	$881
Net additions charged to earnings	592	142	1,178	342
Costs incurred	-358	-164	-627	-528
Balance at end of period	$1,433	$695	$1,433	$695

Employee_Benefit_Plans_Details

Employee Benefit Plans (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Components of net periodic benefit cost	'	'	'	'
Settlement expense	'	'	'	($747)	[1]
Defined pension plan benefits	'	'	'	'
Components of net periodic benefit cost	'	'	'	'
Service cost – benefits earned during the year	25	2	32	15
Interest cost on projected benefit obligations	499	440	993	892
Expected return on plan assets	-694	-684	-1,407	-1,379
Amortization of prior service cost	0	0	0	0
Amortization of net loss	194	218	347	433
Settlement expense	0	747	0	747
Net periodic benefit cost	24	723	-35	708
Other postretirement benefits	'	'	'	'
Components of net periodic benefit cost	'	'	'	'
Service cost – benefits earned during the year	29	42	65	84
Interest cost on projected benefit obligations	62	66	135	132
Expected return on plan assets	0	0	0	0
Amortization of prior service cost	40	40	80	80
Amortization of net loss	0	3	0	6
Settlement expense	0	0	0	0
Net periodic benefit cost	$131	$151	$280	$302
[1]	These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost (income) in Note 3 "Employee Benefit Plans."

Employee_Benefit_Plans_Details1

Employee Benefit Plans (Details Textual) (Other postretirement benefits, USD $)	6 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Other postretirement benefits	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Contribution to employee benefit plans	'	$0.50
Defined benefit plan contributions paid	$0.20	'

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Loss (Details) (USD $)	3 Months Ended	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Accumulated Other Comprehensive Income [Roll Forward]	'	'	'
Balance at beginning of period	'	($7,524)	($13,948)
Other comprehensive income before reclassifications	-368	66	'
Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.1) million	802	269	802
Net current period other comprehensive income, net of tax	434	335	'
Accumulated other comprehensive (loss) income	-13,514	-7,189	-13,514
Income tax benefit	'	-159	-464
Unrecognized pension and postretirement benefits	'	'	'
Accumulated Other Comprehensive Income [Roll Forward]	'	'	'
Balance at beginning of period	'	-9,280	-15,532
Other comprehensive income before reclassifications	0	0	'
Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.1) million	802	269	'
Net current period other comprehensive income, net of tax	802	269	'
Accumulated other comprehensive (loss) income	-14,730	-9,011	-14,730
Income tax benefit	'	-159	-464
Foreign currency	'	'	'
Accumulated Other Comprehensive Income [Roll Forward]	'	'	'
Balance at beginning of period	'	1,756	1,584
Other comprehensive income before reclassifications	-368	66	'
Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.1) million	0	0	'
Net current period other comprehensive income, net of tax	-368	66	'
Accumulated other comprehensive (loss) income	1,216	1,822	1,216
Income tax benefit	'	$0	$0

Accumulated_Other_Comprehensiv3

Accumulated Other Comprehensive Loss (Reclassifications out of Accumulated Comprehensive Loss) (Details) (USD $)	3 Months Ended	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2013	Jun. 30, 2014		Jun. 30, 2013
Equity [Abstract]	'	'		'
Prior service cost	'	$80	[1]	$80	[1]
Settlement expense	'	'		747	[1]
Amortization of actuarial loss	'	348	[1]	439	[1]
Total before tax	'	428		1,266
Income tax benefit	'	-159		-464
Amount reclassified out of accumulated other comprehensive loss	$802	$269		$802
[1]	These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost (income) in Note 3 "Employee Benefit Plans."

Acquisitions_Details_Textual

Acquisitions (Details Textual) (Aquacue, USD $)	0 Months Ended
In Millions, unless otherwise specified	Apr. 02, 2013
Aquacue	'
Business Acquisition [Line Items]	'
Percentage of common stock acquired (as a percent)	100.00%
Purchase price	$13.80
Final payment	$3

Income_Taxes_Details

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Tax Disclosure [Abstract]	'	'	'	'
Provision for income taxes as a percentage of earnings before income taxes	36.60%	36.10%	36.90%	35.80%