10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2015

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For the transition period from              to            

Commission File Number 1-12981

AMETEK, Inc.

(Exact name of registrant as specified in its charter)

Delaware	14-1682544
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
1100 Cassatt Road Berwyn, Pennsylvania	19312-1177
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (610) 647-2121

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes þ No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer þ Accelerated filer ¨ Non-accelerated filer ¨ (Do not check if a smaller reporting company) Smaller reporting company ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No þ

The number of shares of the registrant’s common stock outstanding as of the latest practicable date was: Common Stock, $0.01 Par Value, outstanding at July 27, 2015 was 242,163,965 shares.

AMETEK, Inc.

Form 10-Q

Table of Contents

	Page
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
Consolidated Statement of Income for the three and six months ended June 30, 2015 and 2014		2
Consolidated Statement of Comprehensive Income for the three and six months ended June  30, 2015 and 2014		3
Consolidated Balance Sheet at June 30, 2015 and December 31, 2014		4
Condensed Consolidated Statement of Cash Flows for the six months ended June 30, 2015 and 2014		5
Notes to Consolidated Financial Statements		6
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations		17
Item 4. Controls and Procedures		23
PART II. OTHER INFORMATION
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds		24
Item 6. Exhibits		25
SIGNATURES		26

1

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

AMETEK, Inc.

Consolidated Statement of Income

(In thousands, except per share amounts)

(Unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Net sales	$	1,003,726		$	990,718		$	1,987,785		$	1,966,010
Operating expenses:
Cost of sales, excluding depreciation		633,925			630,645			1,269,890			1,255,815
Selling, general and administrative		112,702			113,316			223,586			225,941
Depreciation		16,780			15,029			33,038			30,895
Total operating expenses		763,407			758,990			1,526,514			1,512,651
Operating income		240,319			231,728			461,271			453,359
Other expenses:
Interest expense		(22,678	)		(18,981	)		(45,364	)		(37,819	)
Other, net		(2,493	)		(4,326	)		(3,973	)		(8,203	)
Income before income taxes		215,148			208,421			411,934			407,337
Provision for income taxes		59,635			58,358			114,314			116,688
Net income	$	155,513		$	150,063		$	297,620		$	290,649
Basic earnings per share	$	0.64		$	0.61		$	1.23		$	1.19
Diluted earnings per share	$	0.64		$	0.61		$	1.22		$	1.18
Weighted average common shares outstanding:
Basic shares		241,498			245,201			241,222			245,056
Diluted shares		243,621			247,403			243,209			247,316
Dividends declared and paid per share	$	0.09		$	0.09		$	0.18		$	0.15

See accompanying notes.

2

AMETEK, Inc.

Consolidated Statement of Comprehensive Income

(In thousands)

(Unaudited)

	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Total comprehensive income	$	204,690	$	157,529	$	251,995	$	297,828

See accompanying notes.

3

AMETEK, Inc.

Consolidated Balance Sheet

(In thousands)

	June  30, 2015			December  31, 2014
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	326,588		$	377,615
Receivables, less allowance for possible losses		619,080			585,462
Inventories, net		541,919			495,896
Deferred income taxes		41,652			45,053
Other current assets		70,103			74,578
Total current assets		1,599,342			1,578,604
Property, plant and equipment, net		484,932			448,446
Goodwill		2,668,625			2,614,030
Other intangibles, net of accumulated amortization		1,657,268			1,625,561
Investments and other assets		147,644			154,322
Total assets	$	6,557,811		$	6,420,963
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Short-term borrowings and current portion of long-term debt	$	183,903		$	286,201
Accounts payable		384,254			386,207
Income taxes payable		22,184			27,157
Accrued liabilities		239,790			236,579
Total current liabilities		830,131			936,144
Long-term debt		1,481,906			1,427,825
Deferred income taxes		632,891			618,385
Other long-term liabilities		159,549			199,048
Total liabilities		3,104,477			3,181,402
Stockholders’ equity:
Common stock		2,605			2,589
Capital in excess of par value		546,487			491,750
Retained earnings		3,724,314			3,469,923
Accumulated other comprehensive loss		(312,519	)		(266,894	)
Treasury stock		(507,553	)		(457,807	)
Total stockholders’ equity		3,453,334			3,239,561
Total liabilities and stockholders’ equity	$	6,557,811		$	6,420,963

See accompanying notes.

4

AMETEK, Inc.

Condensed Consolidated Statement of Cash Flows

(In thousands)

(Unaudited)

	Six Months Ended June 30,
	2015			2014
Cash provided by (used for):
Operating activities:
Net income	$	297,620		$	290,649
Adjustments to reconcile net income to total operating activities:
Depreciation and amortization		72,317			66,179
Deferred income taxes		3,153			(1,030	)
Share-based compensation expense		12,079			10,308
Net change in assets and liabilities, net of acquisitions		(48,533	)		(46,821	)
Pension contribution		(51,560	)		(1,878	)
Other		312			(1,368	)
Total operating activities		285,388			316,039
Investing activities:
Additions to property, plant and equipment		(25,987	)		(29,288	)
Purchases of businesses, net of cash acquired		(198,806	)		(458,683	)
Proceeds from sale of facility		421			—
Other		(426	)		2,246
Total investing activities		(224,798	)		(485,725	)
Financing activities:
Net change in short-term borrowings		(96,890	)		181,142
Additional long-term borrowings		50,000			—
Reduction in long-term borrowings		(450	)		(221	)
Repurchases of common stock		(57,227	)		(1,736	)
Cash dividends paid		(43,343	)		(36,686	)
Excess tax benefits from share-based payments		18,716			5,299
Proceeds from employee stock plans		30,989			10,333
Total financing activities		(98,205	)		158,131
Effect of exchange rate changes on cash and cash equivalents		(13,412	)		(877	)
Decrease in cash and cash equivalents		(51,027	)		(12,432	)
Cash and cash equivalents:
As of January 1		377,615			295,203
As of June 30	$	326,588		$	282,771

See accompanying notes.

5

AMETEK, Inc.

Notes to Consolidated Financial Statements

June 30, 2015

(Unaudited)

1. Basis of Presentation

The accompanying consolidated financial statements are unaudited. AMETEK, Inc. (the “Company”) believes that all adjustments (which primarily consist of normal recurring accruals) necessary for a fair presentation of the consolidated financial position of the Company at June 30, 2015, and the consolidated results of its operations for the three and six months ended June 30, 2015 and 2014 and its cash flows for the six months ended June 30, 2015 and 2014 have been included. Quarterly results of operations are not necessarily indicative of results for the full year. The accompanying consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes presented in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 as filed with the U.S. Securities and Exchange Commission.

2. Recent Accounting Pronouncements

In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (“ASU 2014-08”). ASU 2014-08 revised guidance to only allow disposals of components of an entity that represent a strategic shift (e.g., disposal of a major geographical area, a major line of business, a major equity method investment, or other major parts of an entity) and that have a major effect on a reporting entity’s operations and financial results to be reported as discontinued operations. The revised guidance also requires expanded disclosure in the financial statements for discontinued operations as well as for disposals of significant components of an entity that do not qualify for discontinued operations presentation. The Company adopted ASU 2013-08 effective January 1, 2015 and the adoption did not have an impact on the Company’s consolidated results of operations, financial position or cash flows.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”). The objective of ASU 2014-09 is to establish a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most of the existing revenue recognition guidance. The core principle of ASU 2014-09 is that an entity recognizes revenue at 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. In applying the new guidance, the Company must (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the contract’s performance obligations; and (5) recognize revenue when the Company satisfies a performance obligation. ASU 2014-09 applies to all contracts with customers except those that are within the scope of other topics in the FASB Accounting Standards Codification. ASU 2014-09 is effective for interim and annual reporting periods beginning after December 15, 2017 and can be adopted by the Company using either a full retrospective or modified retrospective approach, with early adoption prohibited. The Company continues to evaluate the impacts and monitor the developments related to ASU 2014-09. The Company is in the process of determining the impact ASU 2014-09 may have on the Company’s consolidated results of operations, financial position or cash flows nor decided upon the method of adoption.

In February 2015, the FASB issued ASU No. 2015-02, Amendments to the Consolidation Analysis (“ASU 2015-02”). ASU 2015-02 is intended to improve targeted areas of consolidation guidance for legal entities such as limited partnerships, limited liability corporations, and securitization structures (collateralized debt obligations, collateralized loan obligations, and mortgage-backed security transactions). ASU 2015-02 makes specific amendments to the current consolidation guidance and ends the deferral granted to investment companies from applying the variable interest entities guidance. ASU 2014-02 is effective for interim and annual reporting periods beginning after December 15, 2015. The Company does not expect the adoption of ASU 2015-02 to have a significant impact on the Company’s consolidated results of operations, financial position or cash flows.

In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs (“ASU 2015-03”). ASU 2015-03 requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. ASU 2015-03 is effective for interim and annual reporting periods beginning after December 15, 2015. The new guidance will be applied on a retrospective basis and early adoption is permitted. The Company does not expect the adoption of ASU 2015-03 to have a significant impact on the Company’s consolidated results of operations, financial position or cash flows.

6

AMETEK, Inc.

Notes to Consolidated Financial Statements

June 30, 2015

(Unaudited)

In April 2015, the FASB issued ASU No. 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement (“ASU 2015-05”). ASU 2015-05 is intended to help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement. The guidance clarifies that customers should determine whether a cloud computing arrangement includes the license of software by applying the same guidance cloud service providers use to make this determination. For public business entities, the Board decided that the amendments will be effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted for all entities. An entity can elect to adopt the amendments either (1) prospectively to all arrangements entered into or materially modified after the effective date or (2) retrospectively. The Company has not determined the impact ASU 2015-05 may have on the Company’s consolidated results of operations, financial position or cash flows nor decided upon the method of adoption.

3. Earnings Per Share

The calculation of basic earnings per share is based on the weighted average number of common shares considered outstanding during the periods. The calculation of diluted earnings per share reflects the effect of all potentially dilutive securities (principally outstanding stock options and restricted stock grants). The number of weighted average shares used in the calculation of basic earnings per share and diluted earnings per share was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
	(In thousands)
Weighted average shares:
Basic shares		241,498		245,201		241,222		245,056
Equity-based compensation plans		2,123		2,202		1,987		2,260
Diluted shares		243,621		247,403		243,209		247,316

4. Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) consisted of the following:

	Three Months Ended June 30, 2015									Three Months Ended June 30, 2014
	Foreign Currency Items and Other			Defined Benefit Pension Plans			Total			Foreign Currency Items and Other			Defined Benefit Pension Plans			Total
	(In thousands)
Balance at the beginning of the period	$	(221,132	)	$	(140,564	)	$	(361,696	)	$	(2,128	)	$	(63,398	)	$	(65,526	)
Other comprehensive income (loss) before reclassifications:
Translation adjustments		27,714			—			27,714			10,140			—			10,140
Change in long-term intercompany notes		14,648			—			14,648			(5,493	)		—			(5,493	)
Net investment hedges		8,304			—			8,304			3,305			—			3,305
Gross amounts reclassified from accumulated other comprehensive income (loss)		—			2,160			2,160			—			1,031			1,031
Income tax benefit (expense)		(2,907	)		(742	)		(3,649	)		(1,156	)		(361	)		(1,517	)
Other comprehensive (loss) income, net of tax		47,759			1,418			49,177			6,796			670			7,466
Balance at the end of the period	$	(173,373	)	$	(139,146	)	$	(312,519	)	$	4,668		$	(62,728	)	$	(58,060	)

7

AMETEK, Inc.

Notes to Consolidated Financial Statements

June 30, 2015

(Unaudited)

	Six Months Ended June 30, 2015									Six Months Ended June 30, 2014
	Foreign Currency Items and Other			Defined Benefit Pension Plans			Total			Foreign Currency Items and Other			Defined Benefit Pension Plans			Total
	(In thousands)
Balance at the beginning of the period	$	(124,912	)	$	(141,982	)	$	(266,894	)	$	(1,171	)	$	(64,068	)	$	(65,239	)
Other comprehensive income (loss) before reclassifications:
Translation adjustments		(6,656	)		—			(6,656	)		4,359			—			4,359
Change in long-term intercompany notes		(40,045	)		—			(40,045	)		(1,136	)		—			(1,136	)
Net investment hedges		(2,707	)		—			(2,707	)		4,024			—			4,024
Gross amounts reclassified from accumulated other comprehensive income (loss)		—			4,320			4,320			—			2,062			2,062
Income tax benefit (expense)		947			(1,484	)		(537	)		(1,408	)		(722	)		(2,130	)
Other comprehensive (loss) income, net of tax		(48,461	)		2,836			(45,625	)		5,839			1,340			7,179
Balance at the end of the period	$	(173,373	)	$	(139,146	)	$	(312,519	)	$	4,668		$	(62,728	)	$	(58,060	)

Reclassifications for the amortization of defined benefit pension plans are included in Cost of sales, excluding depreciation in the consolidated statement of income. See Note 13 for further details.

5. Fair Value Measurements

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.

The Company utilizes a valuation hierarchy for disclosure of the inputs to the valuations used to measure fair value. This hierarchy prioritizes the inputs into three broad levels as follows. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument. Level 3 inputs are unobservable inputs based on the Company’s own assumptions used to measure assets and liabilities at fair value. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement.

The following table provides the Company’s assets that are measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014, consistent with the fair value hierarchy:

	June 30, 2015		December 31, 2014
	Fair Value		Fair Value
	(In thousands)
Fixed-income investments	$	9,127	$	9,219

The fair value of fixed-income investments, which are valued as level 1 investments, was based on quoted market prices. The fixed-income investments are shown as a component of long-term assets on the consolidated balance sheet.

For the six months ended June 30, 2015, gains and losses on the investments noted above were not significant. No transfers between level 1 and level 2 investments occurred during the six months ended June 30, 2015.

Financial Instruments

Cash, cash equivalents and fixed-income investments are recorded at fair value at June 30, 2015 and December 31, 2014 in the accompanying consolidated balance sheet.

8

AMETEK, Inc.

Notes to Consolidated Financial Statements

June 30, 2015

(Unaudited)

The following table provides the estimated fair values of the Company’s financial instrument liabilities, for which fair value is measured for disclosure purposes only, compared to the recorded amounts at June 30, 2015 and December 31, 2014:

	June 30, 2015						December 31, 2014
	Recorded Amount			Fair Value			Recorded Amount			Fair Value
	(In thousands)
Short-term borrowings	$	—		$	—		$	(88,100	)	$	(88,100	)
Long-term debt (including current portion)		(1,665,809	)		(1,766,623	)		(1,625,926	)		(1,768,439	)

The fair value of short-term borrowings approximates the carrying value. Short-term borrowings are valued as level 2 investments as they are corroborated by observable market data. The Company’s long-term debt is all privately held with no public market for this debt, therefore, the fair value of long-term debt was computed based on comparable current market data for similar debt instruments and is considered to be a level 3 liability.

6. Hedging Activities

The Company has designated certain foreign-currency-denominated long-term borrowings as hedges of the net investment in certain foreign operations. As of June 30, 2015, these net investment hedges included British-pound-denominated long-term debt and Euro-denominated short-term debt. These borrowings were designed to create net investment hedges in each of the designated foreign subsidiaries. The Company designated the British-pound- and Euro-denominated loans referred to above as hedging instruments to offset translation gains or losses on the net investment due to changes in the British pound and Euro exchange rates. These net investment hedges are evidenced by management’s contemporaneous documentation supporting the hedge designation. Any gain or loss on the hedging instrument (the debt) following hedge designation is reported in accumulated other comprehensive income in the same manner as the translation adjustment on the investment based on changes in the spot rate, which is used to measure hedge effectiveness.

At June 30, 2015, the Company had $188.7 million of British-pound-denominated loans, which were designated as a hedge against the net investment in British pound functional currency foreign subsidiaries. At June 30, 2015, the Company had a $55.8 million Euro-denominated loan, which was designated as a hedge against the net investment in Euro functional currency foreign subsidiaries. As a result of these British-pound- and Euro-denominated loans being designated and 100% effective as net investment hedges, $3.1 million of currency remeasurement gains have been included in the foreign currency translation component of other comprehensive income for the six months ended June 30, 2015.

7. Inventories

	June 30, 2015		December 31, 2014
	(In thousands)
Finished goods and parts	$	86,760	$	80,307
Work in process		115,412		94,298
Raw materials and purchased parts		339,747		321,291
Total inventories	$	541,919	$	495,896

9

AMETEK, Inc.

Notes to Consolidated Financial Statements

June 30, 2015

(Unaudited)

8. Acquisitions

The Company spent $198.8 million in cash, net of cash acquired, to acquire Global Tubes in May 2015. Global Tubes is a manufacturer of high precision, small diameter metal tubing. Global Tubes is part of AMETEK’s Electromechanical Group.

The following table represents the preliminary allocation of the aggregate purchase price for the net assets of the above acquisition based on their estimated fair values at acquisition (in millions):

Property, plant and equipment	$	51.8
Goodwill		85.7
Other intangible assets		79.9
Deferred income taxes		(26.4	)
Net working capital and other*		7.8
Total purchase price	$	198.8

* Includes $19.4 million in accounts receivable, whose fair value, contractual cash flows and expected cash flows are approximately equal.

The amount allocated to goodwill is reflective of the benefits the Company expects to realize from the acquisition as follows: Global Tubes’ metallurgical capabilities, processing capabilities and alloy ranges are complementary and expand the Company’s product offerings in highly engineered applications serving the aerospace, energy, power generation and medical markets. The Company does not expect any of the goodwill recorded in connection with the Global Tubes acquisition to be tax deductible in future years.

At June 30, 2015, purchase price allocated to other intangible assets of $79.9 million consists of $20.6 million of indefinite-lived intangible trademarks and trade names, which are not subject to amortization. The remaining $59.3 million of other intangible assets consists of $41.5 million of customer relationships, which are being amortized over a period of 20 years and $17.8 million of purchased technology, which is being amortized over a period of 20 years. Amortization expense for each of the next five years for the Global Tubes acquisition is expected to approximate $3.0 million per year.

The Company recognized $8.4 million in environmental liabilities related to the estimated costs to remediate known environmental issues at Global Tubes. The $8.4 million is included in net working capital and other in the table above.

The Company is in the process of finalizing the measurement of certain tangible and intangible assets and liabilities for its Global Tubes acquisition, as well as accounting for income taxes associated with its 2014 acquisition of Amptek, Inc.

The Global Tubes acquisition had an immaterial impact on reported net sales, net income and diluted earnings per share for the three and six months ended June 30, 2015. Had the Global Tubes acquisition been made at the beginning of 2015 or 2014, unaudited pro forma net sales, net income and diluted earnings per share for the three and six months ended June 30, 2015 and 2014, respectively, would not have been materially different than the amounts reported. Pro forma results are not necessarily indicative of the results that would have occurred if the acquisition had been completed at the beginning of 2015 or 2014.

Acquisition Subsequent to June 30, 2015

In July 2015, the Company acquired the Surface Inspection Systems Division (“SISD”) of Cognex Corporation. SISD develops and manufactures software-enabled vision systems used to inspect surfaces of continuously processed materials for flaws and defects. SISD was acquired for approximately $160 million and has estimated annual sales of approximately $60 million. SISD’s proprietary real-time image processing technology broadens the Company’s capabilities in the non-destructive process inspection market and will join AMETEK’s Electronic Instruments Group.

10

AMETEK, Inc.

Notes to Consolidated Financial Statements

June 30, 2015

(Unaudited)

9. Goodwill

The changes in the carrying amounts of goodwill by segment were as follows:

	Electronic Instruments Group			Electro- mechanical Group			Total
	(In millions)
Balance at December 31, 2014	$	1,646.7		$	967.3		$	2,614.0
Goodwill acquired		—			85.7			85.7
Purchase price allocation adjustments and other		(4.4	)		—			(4.4	)
Foreign currency translation adjustments		(10.7	)		(16.0	)		(26.7	)
Balance at June 30, 2015	$	1,631.6		$	1,037.0		$	2,668.6

10. Income Taxes

At June 30, 2015, the Company had gross unrecognized tax benefits of $66.2 million, of which $54.9 million, if recognized, would impact the effective tax rate.

The following is a reconciliation of the liability for uncertain tax positions (in millions):

Balance at December 31, 2014	$	71.7
Additions for tax positions		6.3
Reductions for tax positions		(11.8	)
Balance at June 30, 2015	$	66.2

The Company recognizes interest and penalties accrued related to uncertain tax positions in income tax expense. The amounts recognized in income tax expense for interest and penalties during the three and six months ended June 30, 2015 and 2014 were not significant.

11. Debt

In June 2015, the Company obtained the second funding of $50 million in aggregate principal amount of 3.91% senior notes due June 2025 under the third quarter of 2014 private placement agreement. The first funding occurred in September 2014 for $500 million, consisting of $300 million in aggregate principal amount of 3.73% senior notes due September 2024, $100 million in aggregate principal amount of 3.83% senior notes due September 2026 and $100 million in aggregate principal amount of 3.98% senior notes due September 2029. The third funding date will be in August 2015 for $150 million, consisting of $100 million in aggregate principal amount of 3.96% senior notes due August 2025 and $50 million in aggregate principal amount of 4.45% senior notes due August 2035. The senior notes will carry a weighted average interest rate of 3.88%. The senior notes are subject to certain customary covenants, including financial covenants that, among other things, require the Company to maintain certain debt to EBITDA (earnings before interest, income taxes, depreciation and amortization) and interest coverage ratios. The proceeds from the second funding of the senior notes were used to pay down domestic borrowings under the Company’s revolving credit facility.

11

AMETEK, Inc.

Notes to Consolidated Financial Statements

June 30, 2015

(Unaudited)

12. Share-Based Compensation

The fair value of each stock option grant is estimated on the date of grant using a Black-Scholes-Merton option pricing model. The following weighted average assumptions were used in the Black-Scholes-Merton model to estimate the fair values of stock options granted during the years indicated:

	Six Months Ended June 30, 2015			Year Ended December 31,  2014
Expected volatility		22.3	%		23.9	%
Expected term (years)		5.0			5.0
Risk-free interest rate		1.58	%		1.63	%
Expected dividend yield		0.69	%		0.45	%
Black-Scholes-Merton fair value per stock option granted	$	10.89		$	12.21

Expected volatility is based on the historical volatility of the Company’s stock. The Company used historical exercise data to estimate the stock options’ expected term, which represents the period of time that the stock options granted are expected to be outstanding. Management anticipates that the future stock option holding periods will be similar to the historical stock option holding periods. The risk-free interest rate for periods within the contractual life of the stock option is based on the U.S. Treasury yield curve at the time of grant. Compensation expense recognized for all share-based awards is net of estimated forfeitures. The Company’s estimated forfeiture rates are based on its historical experience.

Total share-based compensation expense was as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
	(In thousands)
Stock option expense	$	4,292		$	3,506		$	6,187		$	5,340
Restricted stock expense		2,925			2,636			5,892			4,968
Total pre-tax expense		7,217			6,142			12,079			10,308
Related tax benefit		(2,448	)		(2,054	)		(4,026	)		(3,287	)
Reduction of net income	$	4,769		$	4,088		$	8,053		$	7,021

Pre-tax share-based compensation expense is included in the consolidated statement of income in either Cost of sales, excluding depreciation or Selling, general and administrative expenses, depending on where the recipient’s cash compensation is reported.

The following is a summary of the Company’s stock option activity and related information:

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
	(In thousands)					(Years)		(In millions)
Outstanding at December 31, 2014		6,362		$	31.47
Granted		1,326			52.30
Exercised		(1,545	)		19.72
Forfeited		(75	)		45.15
Expired		(2	)		53.13
Outstanding at June 30, 2015		6,066		$	38.84		4.5	$	91.2
Exercisable at June 30, 2015		3,247		$	30.25		3.2	$	76.7

12

AMETEK, Inc.

Notes to Consolidated Financial Statements

June 30, 2015

(Unaudited)

The aggregate intrinsic value of stock options exercised during the six months ended June 30, 2015 was $52.3 million. The total fair value of stock options vested during the six months ended June 30, 2015 was $9.4 million. As of June 30, 2015, there was approximately $22.9 million of expected future pre-tax compensation expense related to the 2.8 million nonvested stock options outstanding, which is expected to be recognized over a weighted average period of approximately two years.

The following is a summary of the Company’s nonvested restricted stock activity and related information:

	Shares			Weighted Average Grant Date Fair Value
	(In thousands)
Nonvested restricted stock outstanding at December 31, 2014		1,105		$	41.08
Granted		310			52.22
Vested		(290	)		33.47
Forfeited		(41	)		43.09
Nonvested restricted stock outstanding at June 30, 2015		1,084		$	46.23

The total fair value of restricted stock vested during the six months ended June 30, 2015 was $9.7 million. As of June 30, 2015, there was approximately $33.9 million of expected future pre-tax compensation expense related to the 1.1 million nonvested restricted shares outstanding, which is expected to be recognized over a weighted average period of approximately two years.

13. Retirement and Pension Plans

The components of net periodic pension benefit expense (income) were as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
	(In thousands)
Defined benefit plans:
Service cost	$	1,800		$	1,644		$	3,549		$	3,280
Interest cost		7,091			7,262			13,780			14,495
Expected return on plan assets		(13,669	)		(12,607	)		(26,673	)		(25,167	)
Amortization of net actuarial loss and other		2,160			1,031			4,320			2,062
Pension income		(2,618	)		(2,670	)		(5,024	)		(5,330	)
Other plans:
Defined contribution plans		6,006			4,987			12,500			10,725
Foreign plans and other		1,238			1,484			2,486			2,772
Total other plans		7,244			6,471			14,986			13,497
Total net pension expense	$	4,626		$	3,801		$	9,962		$	8,167

For the six months ended June 30, 2015 and 2014, contributions to the Company’s defined benefit pension plans were $51.6 million and $1.9 million, respectively. The Company’s current estimate of 2015 contributions to its worldwide defined benefit pension plans is in line with the range disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

13

AMETEK, Inc.

Notes to Consolidated Financial Statements

June 30, 2015

(Unaudited)

14. Product Warranties

The Company provides limited warranties in connection with the sale of its products. The warranty periods for products sold vary widely among the Company’s operations, but for the most part do not exceed one year. The Company calculates its warranty expense provision based on past warranty experience and adjustments are made periodically to reflect actual warranty expenses.

Changes in the accrued product warranty obligation were as follows:

	Six Months Ended June 30,
	2015			2014
	(In thousands)
Balance at the beginning of the period	$	29,764		$	28,036
Accruals for warranties issued during the period		3,823			3,865
Settlements made during the period		(5,297	)		(5,880	)
Warranty accruals related to acquired businesses and other during the period		(479	)		3,617
Balance at the end of the period	$	27,811		$	29,638

Certain settlements of warranties made during the period were for specific nonrecurring warranty obligations. Product warranty obligations are reported as current liabilities in the consolidated balance sheet.

15. Contingencies

Asbestos Litigation

The Company (including its subsidiaries) has been named as a defendant, along with many other companies, in a number of asbestos-related lawsuits. Many of these lawsuits either relate to businesses which were acquired by the Company and do not involve products which were manufactured or sold by the Company or relate to previously owned businesses of the Company which are under new ownership. In connection with many of these lawsuits, the sellers or new owners of such businesses, as the case may be, have agreed to indemnify the Company against these claims (the “Indemnified Claims”). The Indemnified Claims have been tendered to, and are being defended by, such sellers and new owners. These sellers and new owners have met their obligations, in all respects, and the Company does not have any reason to believe such parties would fail to fulfill their obligations in the future; however, one of these companies filed for bankruptcy liquidation in 2007. To date, no judgments have been rendered against the Company as a result of any asbestos-related lawsuit. The Company believes it has strong defenses to the claims being asserted and intends to continue to vigorously defend itself in these matters.

Environmental Matters

Certain historic processes in the manufacture of products have resulted in environmentally hazardous waste by-products as defined by federal and state laws and regulations. At June 30, 2015, the Company is named a Potentially Responsible Party (“PRP”) at 14 non-AMETEK-owned former waste disposal or treatment sites (the “non-owned” sites). The Company is identified as a “de minimis” party in 13 of these sites based on the low volume of waste attributed to the Company relative to the amounts attributed to other named PRPs. In nine of these sites, the Company has reached a tentative agreement on the cost of the de minimis settlement to satisfy its obligation and is awaiting executed agreements. The tentatively agreed-to settlement amounts are fully reserved. In the other four sites, the Company is continuing to investigate the accuracy of the alleged volume attributed to the Company as estimated by the parties primarily responsible for remedial activity at the sites to establish an appropriate settlement amount. At the remaining site where the Company is a non-de minimis PRP, the Company is participating in the investigation and/or related required remediation as part of a PRP Group and reserves have been established sufficient to satisfy the Company’s expected obligations. The Company historically has resolved these issues within established reserve levels and reasonably expects this result will continue. In addition to these non-owned sites, the Company has an ongoing practice of providing reserves for probable remediation activities at certain of its current or previously owned manufacturing locations (the “owned” sites). For claims and proceedings against the Company with respect to other environmental matters, reserves are established once the Company has determined that a loss is probable and

14

AMETEK, Inc.

Notes to Consolidated Financial Statements

June 30, 2015

(Unaudited)

estimable. This estimate is refined as the Company moves through the various stages of investigation, risk assessment, feasibility study and corrective action processes. In certain instances, the Company has developed a range of estimates for such costs and has recorded a liability based on the low end of the range. It is reasonably possible that the actual cost of remediation of the individual sites could vary from the current estimates and the amounts accrued in the consolidated financial statements; however, the amounts of such variances are not expected to result in a material change to the consolidated financial statements. In estimating the Company’s liability for remediation, the Company also considers the likely proportionate share of the anticipated remediation expense and the ability of the other PRPs to fulfill their obligations.

Total environmental reserves at June 30, 2015 and December 31, 2014 were $33.2 million and $26.6 million, respectively, for both non-owned and owned sites. For the six months ended June 30, 2015, the Company recorded $9.2 million in reserves, of which $8.4 million was related to a 2015 business acquisition. These reserves relate to the estimated costs to remediate known environmental issues associated with the acquired business. Additionally, the Company spent $2.6 million on environmental matters for the six months ended June 30, 2015. The Company’s reserves for environmental liabilities at June 30, 2015 and December 31, 2014 include reserves of $11.8 million and $11.7 million, respectively, for an owned site acquired in connection with the 2005 acquisition of HCC Industries (“HCC”). The Company is the designated performing party for the performance of remedial activities for one of several operating units making up a Superfund site in the San Gabriel Valley of California. The Company has obtained indemnifications and other financial assurances from the former owners of HCC related to the costs of the required remedial activities. At June 30, 2015, the Company had $10.0 million in receivables related to HCC for probable recoveries from third-party escrow funds and other committed third-party funds to support the required remediation. Also, the Company is indemnified by HCC’s former owners for approximately $19.0 million of additional costs.

The Company has agreements with other former owners of certain of its acquired businesses, as well as new owners of previously owned businesses. Under certain of the agreements, the former or new owners retained, or assumed and agreed to indemnify the Company against, certain environmental and other liabilities under certain circumstances. The Company and some of these other parties also carry insurance coverage for some environmental matters. To date, these parties have met their obligations in all material respects.

The Company believes it has established reserves which are sufficient to perform all known responsibilities under existing claims and consent orders. The Company has no reason to believe that other third parties would fail to perform their obligations in the future. In the opinion of management, based upon presently available information and past experience related to such matters, an adequate provision for probable costs has been made and the ultimate cost resulting from these actions is not expected to materially affect the consolidated results of operations, financial position or cash flows of the Company.

16. First Quarter of 2015 Restructuring Charges

During the first quarter of 2015, the Company recorded pre-tax restructuring charges totaling $15.9 million, which had the effect of reducing net income by $10.8 million ($0.04 per diluted share). The restructuring charges were reported in segment operating income as follows: $9.3 million in EIG, $6.5 million in EMG and $0.1 million in corporate administrative expenses. The restructuring costs primarily resulted from a planned reduction in workforce in response to the effects of a continued strong U.S. dollar and a weak global economy on certain of our businesses. The restructuring costs will be broadly implemented across the Company’s various businesses throughout the remainder of 2015. At June 30, 2015, the Company had $11.0 million reported as Accrued liabilities in the Company’s consolidated balance sheet related to this restructuring.

15

AMETEK, Inc.

Notes to Consolidated Financial Statements

June 30, 2015

(Unaudited)

17. Stockholders’ Equity

On April 1, 2015, the Company’s Board of Directors approved an increase of $350 million in the authorization for repurchase of the Company’s common stock. For the six months ended June 30, 2015, the Company repurchased approximately 1,075,000 shares of common stock for $57.2 million in cash under its share repurchase authorization. At June 30, 2015, $339.9 million was available under the Company’s Board of Directors authorization for future share repurchases.

18. Reportable Segments

The Company has two reportable segments, Electronic Instruments Group (“EIG”) and Electromechanical Group (“EMG”). The Company’s operating units are identified based on the existence of segment managers. Certain of the Company’s operating units have been aggregated for segment reporting purposes primarily on the basis of product type, production processes, distribution methods and similarity of economic characteristics.

At June 30, 2015, there were no significant changes in identifiable assets of reportable segments from the amounts disclosed at December 31, 2014, other than those described in the acquisitions footnote (Note 8), nor were there any significant changes in the basis of segmentation or in the measurement of segment operating results. Operating information relating to the Company’s reportable segments for the three and six months ended June 30, 2015 and 2014 can be found in the table included in Part I, Item 2. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of this Quarterly Report on Form 10-Q.

16

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Results of Operations

The following table sets forth net sales and income by reportable segment and on a consolidated basis:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
	(In thousands)
Net sales(1):
Electronic Instruments	$	596,464		$	573,289		$	1,190,262		$	1,145,683
Electromechanical		407,262			417,429			797,523			820,327
Consolidated net sales	$	1,003,726		$	990,718		$	1,987,785		$	1,966,010
Operating income and income before income taxes:
Segment operating income(2):
Electronic Instruments	$	163,993		$	151,499		$	315,210		$	301,818
Electromechanical		89,294			92,133			171,258			176,013
Total segment operating income		253,287			243,632			486,468			477,831
Corporate administrative and other expenses		(12,968	)		(11,904	)		(25,197	)		(24,472	)
Consolidated operating income		240,319			231,728			461,271			453,359
Interest and other expenses, net		(25,171	)		(23,307	)		(49,337	)		(46,022	)
Consolidated income before income taxes	$	215,148		$	208,421		$	411,934		$	407,337

(1) After elimination of intra- and intersegment sales, which are not significant in amount.

(2) Segment operating income represents net sales less all direct costs and expenses (including certain administrative and other expenses) applicable to each segment, but does not include interest expense.

Results of operations for the second quarter of 2015 compared with the second quarter of 2014

For the quarter ended June 30, 2015, the Company established records for operating income, operating income margins, net income and diluted earnings per share. Contributions from the acquisitions of Global Tubes in May 2015, Amptek, Inc. in August 2014 and Zygo Corporation in June 2014, as well as the Company’s Operational Excellence initiatives had a positive impact on the second quarter of 2015 results. The full year impact of the 2015 and 2014 acquisitions and continued focus on and implementation of Operational Excellence initiatives, including the first quarter of 2015 realignment of the Company’s operations (described further in the results of operations for the first six months of 2015), are expected to have a positive impact on the remainder of the Company’s 2015 results while a stronger U.S. dollar is expected to be a continued headwind in 2015.

Net sales for the second quarter of 2015 were $1,003.7 million, an increase of $13.0 million or 1.3%, compared with net sales of $990.7 million for the second quarter of 2014. Acquisitions accounted for 5% of the net sales increase, partially offset by an unfavorable 4% effect of foreign currency translation. Internal sales growth was flat quarter over quarter.

Total international sales for the second quarter of 2015 were $515.7 million or 51.4% of net sales, a decrease of $34.6 million or 6.3%, compared with international sales of $550.3 million or 55.5% of net sales for the second quarter of 2014. The $34.6 million decrease in international sales was primarily driven by the foreign currency translation headwind noted above and the competitive impacts of a stronger U.S. dollar. Both reportable segments of the Company maintain strong international sales presences in Europe and Asia.

New orders for the second quarter of 2015 were $1,035.0 million, a decrease of $43.6 million or 4.0%, compared with $1,078.6 million for the second quarter of 2014. The decrease in orders for the second quarter of 2015 was due to an unfavorable 3% effect of foreign currency translation and internal order decline of approximately 2%, partially offset by a 1% increase from acquisitions.

17

Results of Operations (continued)

Segment operating income for the second quarter of 2015 was $253.3 million, an increase of $9.7 million or 4.0%, compared with segment operating income of $243.6 million for the second quarter of 2014. The increase in segment operating income resulted primarily from the acquisitions mentioned above, as well as the benefits of the Company’s Operational Excellence initiatives. Segment operating income, as a percentage of net sales, increased to 25.2% for the second quarter of 2015, compared with 24.6% for the second quarter of 2014. The increase in segment operating margins resulted primarily from the benefits of the Company’s Operational Excellence initiatives.

Selling, general and administrative (“SG&A”) expenses for the second quarter of 2015 were $112.7 million, a decrease of $0.6 million or 0.5%, compared with $113.3 million for the second quarter of 2014. As a percentage of net sales, SG&A expenses were 11.2% for the second quarter of 2015, compared with 11.4% for the second quarter of 2014. Selling expenses for the second quarter of 2015 were $99.9 million, a decrease of $1.7 million or 1.6%, compared with $101.6 million for the second quarter of 2014. Selling expenses, as a percentage of net sales, decreased to 10.0% for the second quarter of 2015, compared with 10.3% for the second quarter of 2014. The selling expenses decrease and the corresponding decrease in selling expenses as a percentage of sales were primarily due to cost containment initiatives and the impact of foreign currency translation.

Corporate administrative expenses for the second quarter of 2015 were $12.8 million, an increase of $1.0 million or 8.5%, compared with $11.8 million for the second quarter of 2014. As a percentage of net sales, corporate administrative expenses were 1.3% for the second quarter of 2015, compared with 1.2% for the second quarter of 2014.

Consolidated operating income was $240.3 million or 23.9% of net sales for the second quarter of 2015, an increase of $8.6 million or 3.7%, compared with $231.7 million or 23.4% of net sales for the second quarter of 2014.

Interest expense was $22.7 million for the second quarter of 2015, an increase of $3.7 million or 19.5%, compared with $19.0 million for the second quarter of 2014. The increase was due to the impact of a private placement senior notes funding in the second quarter of 2015 and the third quarter of 2014.

Other expenses, net were $2.5 million for the second quarter of 2015, a decrease of $1.8 million, compared with $4.3 million for the second quarter of 2014. The decrease was primarily driven by lower acquisition-related expenses.

The effective tax rate for the second quarter of 2015 was 27.7%, compared with 28.0% for the second quarter of 2014. The effective tax rates for the second quarter of 2015 and 2014 reflect the higher proportion of foreign earnings, which are taxed at lower rates. The effective tax rate for the second quarter of 2015 reflected the effective settlement of the U.S. research and development tax credit from a recently completed Internal Revenue Service examination for 2010 and 2011, while the second quarter of 2014 effective tax rate reflected the ongoing benefit of international tax planning initiatives.

Net income for the second quarter of 2015 was $155.5 million, an increase of $5.4 million or 3.6%, compared with $150.1 million for the second quarter of 2014. Diluted earnings per share for the second quarter of 2015 were $0.64, an increase of $0.03 or 4.9%, compared with $0.61 per diluted share for the second quarter of 2014.

18

Results of Operations (continued)

Segment Results

Electronic Instruments Group’s (“EIG”) net sales totaled $596.5 million for the second quarter of 2015, an increase of $23.2 million or 4.0%, compared with $573.3 million for the second quarter of 2014. Internal sales growth was approximately 1% and the 2014 acquisitions accounted for 7% of the net sales increase, partially offset by an unfavorable 4% effect of foreign currency translation.

EIG’s operating income was $164.0 million for the second quarter of 2015, an increase of $12.5 million or 8.3%, compared with $151.5 million for the second quarter of 2014. EIG’s operating margins were 27.5% of net sales for the second quarter of 2015, compared with 26.4% of net sales for the second quarter of 2014. EIG’s increase in operating income and operating margins resulted primarily from the benefits of the Group’s Operational Excellence initiatives on higher sales.

Electromechanical Group’s (“EMG”) net sales totaled $407.3 million for the second quarter of 2015, a decrease of $10.1 million or 2.4%, compared with $417.4 million for the second quarter of 2014. The net sales decrease was due to an unfavorable 5% effect of foreign currency translation and 2% internal sales decline, partially offset by a 4% increase from the acquisition of Global Tubes.

EMG’s operating income was $89.3 million for the second quarter of 2015, a decrease of $2.8 million or 3.0%, compared with $92.1 million for the second quarter of 2014. EMG’s decrease in operating income was primarily due to the lower sales mentioned above, partially offset by the benefits of the Group’s Operational Excellence initiatives. EMG’s operating margins were 21.9% of net sales for the second quarter of 2015, compared with 22.1% of net sales for the second quarter of 2014. EMG’s decrease in operating margins was driven by the impact of the Global Tubes acquisition, which has a lower operating margin than the Group’s base businesses, partially offset by the benefit of the Group’s Operational Excellence initiatives.

19

Results of Operations (continued)

Results of operations for the first six months of 2015 compared with the first six months of 2014

Net sales for the first six months of 2015 were $1,987.8 million, an increase of $21.8 million or 1.1%, compared with net sales of $1,966.0 million for the first six months of 2014. Acquisitions accounted for 5% of the net sales increase, partially offset by an unfavorable 4% effect of foreign currency translation. Internal sales growth was flat period over period.

Total international sales for the first six months of 2015 were $1,023.4 million or 51.5% of net sales, a decrease of $75.2 million or 6.8%, compared with international sales of $1,098.6 million or 55.9% of net sales for the first six months of 2014. The $75.2 million decrease in international sales was primarily driven by the foreign currency translation headwind noted above and the competitive impacts of a stronger U.S. dollar. Both reportable segments of the Company maintain strong international sales presences in Europe and Asia.

New orders for the first six months of 2015 were $1,978.7 million, a decrease of $98.3 million or 4.7%, compared with $2,077.0 million for the first six months of 2014. The decrease in orders for the first six months of 2015 was due to an unfavorable 5% effect of foreign currency translation and internal order decline of approximately 1%, partially offset by a 1% increase from acquisitions. As a result, the Company’s backlog of unfilled orders at June 30, 2015 was $1,188.2 million, a decrease of $9.1 million or 0.8%, compared with $1,197.3 million at December 31, 2014, largely driven by unfavorable foreign currency translation.

Segment operating income for the first six months of 2015 was $486.5 million, an increase of $8.7 million or 1.8%, compared with segment operating income of $477.8 million for the first six months of 2014. The increase in segment operating income resulted primarily from the acquisitions mentioned above, as well as the benefits of the Company’s Operational Excellence initiatives. The first six months of 2015 include pre-tax realignment costs totaling $15.9 million recorded in the first quarter of 2015, which were primarily related to employee severance. Segment operating income, as a percentage of net sales, increased to 24.5% for the first six months of 2015, compared with 24.3% for the first six months of 2014. The increase in segment operating margins resulted primarily from the benefits of the Company’s Operational Excellence initiatives, partially offset by the first quarter of 2015 realignment costs described above, which negatively impacted segment operating margins by 80 basis points.

SG&A expenses for the first six months of 2015 were $223.6 million, a decrease of $2.3 million or 1.0%, compared with $225.9 million for the first six months of 2014. As a percentage of net sales, SG&A expenses were 11.2% for the first six months of 2015, compared with 11.5% for the first six months of 2014. Selling expenses for the first six months of 2015 were $198.7 million, a decrease of $3.1 million or 1.5%, compared with $201.8 million for the first six months of 2014. Selling expenses, as a percentage of net sales, decreased to 10.0% for the first six months of 2015, compared with 10.3% for the first six months of 2014. The selling expenses decrease and the corresponding decrease in selling expenses as a percentage of sales were primarily due to cost containment initiatives and the impact of foreign currency translation.

Corporate administrative expenses for the first six months of 2015 were $24.9 million, an increase of $0.7 million or 2.9%, compared with $24.2 million for the first six months of 2014. As a percentage of net sales, corporate administrative expenses were 1.3% for the first six months of 2015, compared with 1.2% for the first six months of 2014.

Consolidated operating income was $461.3 million or 23.2% of net sales for the first six months of 2015, an increase of $7.9 million or 1.7%, compared with $453.4 million or 23.1% of net sales for the first six months of 2014.

Interest expense was $45.4 million for the first six months of 2015, an increase of $7.6 million or 20.1%, compared with $37.8 million for the first six months of 2014. The increase was due to the impact of a private placement senior notes funding in the second quarter of 2015 and the third quarter of 2014.

20

Results of Operations (continued)

Other expenses, net were $4.0 million for the first six months of 2015, a decrease of $4.2 million, compared with $8.2 million for the first six months of 2014. The decrease was primarily driven by lower acquisition-related expenses and foreign currency translation.

The effective tax rate for the first six months of 2015 was 27.8%, compared with 28.6% for the first six months of 2014. The effective tax rates for the first six months of 2015 and 2014 reflect the higher proportion of foreign earnings, which are taxed at lower rates. The difference between the effective tax rates for the first six months of 2015 and 2014 is primarily attributable to the first quarter of 2015 release of uncertain tax position liabilities related to the conclusion of an advance thin capitalization agreement in the European Union, as well as the second quarter of 2015 effective settlement of the U.S. research and development tax credit from a recently completed Internal Revenue Service examination for 2010 and 2011.

Net income for the first six months of 2015 was $297.6 million, an increase of $7.0 million or 2.4%, compared with $290.6 million for the first six months of 2014. The first quarter of 2015 realignment costs reduced the first six months of 2015 net income by $10.8 million. Diluted earnings per share for the first six months of 2015 were $1.22, an increase of $0.04 or 3.4%, compared with $1.18 per diluted share for the first six months of 2014.

Segment Results

EIG’s net sales totaled $1,190.3 million for the first six months of 2015, an increase of $44.6 million or 3.9%, compared with $1,145.7 million for the first six months of 2014. Internal sales growth was approximately 1% and the 2014 acquisitions accounted for 7% of the net sales increase, partially offset by an unfavorable 4% effect of foreign currency translation.

EIG’s operating income was $315.2 million for the first six months of 2015, an increase of $13.4 million or 4.4%, compared with $301.8 million for the first six months of 2014. EIG’s increase in operating income was primarily due to the higher sales mentioned above, partially offset by $9.3 million of first quarter of 2015 realignment costs. EIG’s operating margins were 26.5% of net sales for the first six months of 2015, compared with 26.3% of net sales for the first six months of 2014. EIG’s increase in operating margins resulted primarily from the benefits of the Group’s Operational Excellence initiatives, partially offset by the 80 basis points negative impact from the realignment costs noted above.

EMG’s net sales totaled $797.5 million for the first six months of 2015, a decrease of $22.8 million or 2.8%, compared with $820.3 million for the first six months of 2014. The net sales decrease was due to an unfavorable 5% effect of foreign currency translation, partially offset by a 2% increase from the acquisition of Global Tubes. Internal sales growth was flat period over period.

EMG’s operating income was $171.3 million for the first six months of 2015, a decrease of $4.7 million or 2.7%, compared with $176.0 million for the first six months of 2014. EMG’s decrease in operating income was primarily due to the lower sales mentioned above and includes $6.5 million of first quarter of 2015 realignment costs, partially offset by the benefits of the Group’s Operational Excellence initiatives. EMG’s operating margins were 21.5% of net sales for both the first six months of 2015 and 2014. For the first six months of 2015, the benefits of the Group’s Operational Excellence initiatives offset the 80 basis points negative impact from the realignment costs described above.

21

Financial Condition

Liquidity and Capital Resources

Cash provided by operating activities totaled $285.4 million for the first six months of 2015, a decrease of $30.6 million or 9.7%, compared with $316.0 million for the first six months of 2014. The decrease in cash provided by operating activities was primarily due to the $49.7 million increase in defined benefit pension plan contributions, driven by a $50.0 million contribution to the Company’s U.S. defined benefit pension plans in the first quarter of 2015. Free cash flow (cash flow provided by operating activities less capital expenditures) was $259.4 million for the first six months of 2015, compared with $286.8 million for the first six months of 2014. EBITDA (earnings before interest, income taxes, depreciation and amortization) was $529.3 million for the first six months of 2015, compared with $511.1 million for the first six months of 2014. Free cash flow and EBITDA are presented because the Company is aware that they are measures used by third parties in evaluating the Company.

Cash used for investing activities totaled $224.8 million for the first six months of 2015, compared with $485.7 million for the first six months of 2014. For the first six months of 2015, the Company paid $198.8 million, net of cash acquired, to acquire Global Tubes in May 2015. For the first six months of 2014, the Company paid $458.7 million, net of cash acquired, to acquire Teseq Group in January 2014, VTI Instruments in February 2014, Luphos GmbH in May 2014 and Zygo Corporation in June 2014. Additions to property, plant and equipment totaled $26.0 million for the first six months of 2015, compared with $29.3 million for the first six months of 2014.

Cash used for financing activities totaled $98.2 million for the first six months of 2015, compared with $158.1 million of cash provided by financing activities for the first six months of 2014. The change in financing cash flow was primarily the result of a net total borrowings decrease of $47.3 million for the first six months of 2015, compared with a net total borrowings increase of $180.9 million for the first six months of 2014 to partially fund the 2014 acquisitions.

For the first six months of 2015, the Company repurchased approximately 1,075,000 shares of its common stock for $57.2 million, compared with $1.7 million used for repurchases of approximately 33,000 shares for the first six months of 2014. On April 1, 2015, the Company’s Board of Directors approved an increase of $350 million in the authorization for repurchase of the Company’s common stock. At June 30, 2015, $339.9 million was available under the Company’s Board of Directors authorization for future share repurchases.

In June 2015, the Company obtained the second funding of $50 million in aggregate principal amount of 3.91% senior notes due June 2025 under the third quarter of 2014 private placement agreement. The first funding occurred in September 2014 for $500 million, consisting of $300 million in aggregate principal amount of 3.73% senior notes due September 2024, $100 million in aggregate principal amount of 3.83% senior notes due September 2026 and $100 million in aggregate principal amount of 3.98% senior notes due September 2029. The third funding date will be in August 2015 for $150 million, consisting of $100 million in aggregate principal amount of 3.96% senior notes due August 2025 and $50 million in aggregate principal amount of 4.45% senior notes due August 2035. The senior notes will carry a weighted average interest rate of 3.88%. The senior notes are subject to certain customary covenants, including financial covenants that, among other things, require the Company to maintain certain debt to EBITDA (earnings before interest, income taxes, depreciation and amortization) and interest coverage ratios. The proceeds from the second funding of the senior notes were used to pay down domestic borrowings under the Company’s revolving credit facility.

At June 30, 2015, total debt outstanding was $1,665.8 million, compared with $1,714.0 million at December 31, 2014. In the third quarter of 2015, $145.8 million of debt will mature and become payable. The debt-to-capital ratio was 32.5% at June 30, 2015, compared with 34.6% at December 31, 2014. The net debt-to-capital ratio (total debt less cash and cash equivalents divided by the sum of net debt and stockholders’ equity) was 27.9% at June 30, 2015, compared with 29.2% at December 31, 2014. The net debt-to-capital ratio is presented because the Company is aware that this measure is used by third parties in evaluating the Company.

22

Financial Condition (continued)

As a result of all of the Company’s cash flow activities for the first six months of 2015, cash and cash equivalents at June 30, 2015 totaled $326.6 million, compared with $377.6 million at December 31, 2014. At June 30, 2015, the Company had $248.3 million in cash outside the United States, compared with $352.8 million at December 31, 2014. The Company utilizes this cash to fund its international operations, as well as to acquire international businesses. In May 2015, the Company acquired Global Tubes for $198.8 million utilizing cash outside the United States. The Company is in compliance with all covenants, including financial covenants, for all of its debt agreements. The Company believes it has sufficient cash-generating capabilities from domestic and unrestricted foreign sources, available credit facilities and access to long-term capital funds to enable it to meet its operating needs and contractual obligations in the foreseeable future.

Contractual Obligations

As mentioned above, in June 2015, the Company obtained the second funding under the third quarter of 2014 private placement agreement for $700 million in senior notes (the first funding occurred in September 2014 and the third funding date will be in August 2015). As a result of a net increase in long-term borrowings, the Company’s obligation for long-term debt and interest on long-term fixed-rate debt will increase compared with the obligations noted at December 31, 2014. As mentioned above, the Company recorded first quarter of 2015 pre-tax realignment costs totaling $15.9 million. At June 30, 2015, the Company had $11.0 million reported as Accrued liabilities in the Company’s consolidated balance sheet related to this restructuring, which increases the employee severance obligation noted at December 31, 2014. See Note 16 to the Consolidated Financial Statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q for further details. There have been no other material changes to the contractual obligations table presented in our Annual Report on Form 10-K for the year ended December 31, 2014.

Forward-Looking Information

Information contained in this discussion, other than historical information, is considered “forward-looking statements” and is subject to various factors and uncertainties that may cause actual results to differ significantly from expectations. These factors and uncertainties include general economic conditions affecting the industries the Company serves; changes in the competitive environment or the effects of competition in the Company’s markets; risks associated with international sales and operations; the Company’s ability to consummate and successfully integrate future acquisitions; the Company’s ability to successfully develop new products, open new facilities or transfer product lines; the price and availability of raw materials; compliance with government regulations, including environmental regulations; and the ability to maintain adequate liquidity and financing sources. A detailed discussion of these and other factors that may affect the Company’s future results is contained in AMETEK’s filings with the U.S. Securities and Exchange Commission, including its most recent reports on Form 10-K, 10-Q and 8-K. AMETEK disclaims any intention or obligation to update or revise any forward-looking statements, unless required by the securities laws to do so.

Item 4. Controls and Procedures

The Company maintains a system of disclosure controls and procedures that is designed to provide reasonable assurance that information, which is required to be disclosed, is accumulated and communicated to management in a timely manner. Under the supervision and with the participation of our management, including the Company’s principal executive officer and principal financial officer, we have evaluated the effectiveness of our system of disclosure controls and procedures as required by Exchange Act Rule 13a-15(b) as of June 30, 2015. Based on that evaluation, the Company’s principal executive officer and principal financial officer concluded that the Company’s disclosure controls and procedures are effective at the reasonable assurance level.

Such evaluation did not identify any change in the Company’s internal control over financial reporting during the quarter ended June 30, 2015 that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

23

PART II. OTHER INFORMATION

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

(c) Purchase of equity securities by the issuer and affiliated purchasers.

The following table reflects purchases of AMETEK, Inc. common stock by the Company during the three months ended June 30, 2015:

Period	Total Number of  Shares Purchased (1)(2)		Average Price Paid  per Share		Total Number  of Shares Purchased as Part of Publicly Announced Plan (2)		Approximate Dollar  Value of Shares that May Yet Be Purchased Under the Plan
April 1, 2015 to April 30, 2015		—	$	—		—	$	371,474,126
May 1, 2015 to May 31, 2015		593,478		53.19		593,478		339,907,306
June 1, 2015 to June 30, 2015		—		—		—		339,907,306
Total		593,478		53.19		593,478

(1) Includes 93,478 shares surrendered to the Company to satisfy tax withholding obligations in connection with employees’ share-based compensation awards.

(2) Consists of the number of shares purchased pursuant to the Company’s Board of Directors remaining portion of the $200 million authorization for the repurchase of its common stock announced in November 2014 and $350 million authorization for the repurchase of its common stock announced in April 2015. Such purchases may be affected from time to time in the open market or in private transactions, subject to market conditions and at management’s discretion.

24

Item 6. Exhibits

Exhibit Number	Description
31.1	Certification of Chief Executive Officer, Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Chief Financial Officer, Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Chief Executive Officer, Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification of Chief Financial Officer, Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS	XBRL Instance Document.
101.SCH	XBRL Taxonomy Extension Schema Document.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB	XBRL Taxonomy Extension Label Linkbase Document.
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document.

25

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

AMETEK, Inc.
(Registrant)
By:	/s/ William J. Burke
	William J. Burke
	Senior Vice President - Comptroller & Treasurer
	(Principal Accounting Officer)

August 5, 2015

26

EX-31.1

Exhibit 31.1

CERTIFICATIONS

I, Frank S. Hermance, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of AMETEK, Inc. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 5, 2015

/s/ Frank S. Hermance

Frank S. Hermance

Chairman of the Board and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATIONS

I, Robert R. Mandos, Jr., certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of AMETEK, Inc. (the “registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 5, 2015

/s/ Robert R. Mandos, Jr.

Robert R. Mandos, Jr.

Executive Vice President - Chief Financial Officer

EX-32.1

Exhibit 32.1

AMETEK, Inc.

Certification Pursuant to

18 U.S.C. Section 1350,

as Adopted Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of AMETEK, Inc. (the “Company”) on Form 10-Q for the quarter ended June 30, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Frank S. Hermance, Chairman of the Board and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(a) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(b) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Frank S. Hermance

Frank S. Hermance

Chairman of the Board and Chief Executive Officer

Date: August 5, 2015

A signed original of this written statement required by Section 906 has been provided to AMETEK, Inc. and will be retained by AMETEK, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

Exhibit 32.2

AMETEK, Inc.

Certification Pursuant to

18 U.S.C. Section 1350,

as Adopted Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of AMETEK, Inc. (the “Company”) on Form 10-Q for the quarter ended June 30, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Robert R. Mandos, Jr., Executive Vice President - Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(a) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(b) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Robert R. Mandos, Jr.

Robert R. Mandos, Jr.

Executive Vice President - Chief Financial Officer

Date: August 5, 2015

A signed original of this written statement required by Section 906 has been provided to AMETEK, Inc. and will be retained by AMETEK, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Fair Value Measurements - Fair Value Disclosures of Financial Instrument Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Recorded Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term borrowings		$ (88,100)
Long-term debt (including current portion)	$ (1,665,809)	(1,625,926)
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term borrowings		(88,100)
Long-term debt (including current portion)	$ (1,766,623)	$ (1,768,439)

XML

Retirement and Pension Plans - Components of Net Periodic Pension Benefit Expense (Income) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Defined benefit plans:
Service cost	$ 1,800	$ 1,644	$ 3,549	$ 3,280
Interest cost	7,091	7,262	13,780	14,495
Expected return on plan assets	(13,669)	(12,607)	(26,673)	(25,167)
Amortization of net actuarial loss and other	2,160	1,031	4,320	2,062
Pension income	(2,618)	(2,670)	(5,024)	(5,330)
Other plans:
Defined contribution plans	6,006	4,987	12,500	10,725
Foreign plans and other	1,238	1,484	2,486	2,772
Total other plans	7,244	6,471	14,986	13,497
Total net pension expense	$ 4,626	$ 3,801	$ 9,962	$ 8,167

XML

Debt - Additional Information (Detail) - USD ($)	1 Months Ended	6 Months Ended
	Aug. 31, 2015	Jun. 30, 2015	Sep. 30, 2014
Debt Instrument [Line Items]
Weighted average interest rate on senior note		3.88%
Senior Notes Second Funding [Member]
Debt Instrument [Line Items]
Funding date		Jun. 30, 2015
Senior Notes First Funding [Member]
Debt Instrument [Line Items]
Aggregate principal amount of senior notes			$ 500,000,000
Funding date		Sep. 30, 2014
3.91% Senior Notes Due June 2025 [Member] | Senior Notes Second Funding [Member]
Debt Instrument [Line Items]
Aggregate principal amount of senior notes		$ 50,000,000
Interest rate on senior notes		3.91%
Maturity date of senior notes		Jun. 30, 2025
3.73% Senior Notes Due September 2024 [Member] | Senior Notes First Funding [Member]
Debt Instrument [Line Items]
Aggregate principal amount of senior notes			$ 300,000,000
Interest rate on senior notes			3.73%
Maturity date of senior notes		Sep. 30, 2024
3.83% Senior Notes Due September 2026 [Member] | Senior Notes First Funding [Member]
Debt Instrument [Line Items]
Aggregate principal amount of senior notes			$ 100,000,000
Interest rate on senior notes			3.83%
Maturity date of senior notes		Sep. 30, 2026
3.98% Senior Notes Due September 2029 [Member] | Senior Notes First Funding [Member]
Debt Instrument [Line Items]
Aggregate principal amount of senior notes			$ 100,000,000
Interest rate on senior notes			3.98%
Maturity date of senior notes		Sep. 30, 2029
Scenario, Forecast [Member] | Senior Notes Third Funding [Member]
Debt Instrument [Line Items]
Aggregate principal amount of senior notes	$ 150,000,000
Funding date	Aug. 31, 2015
Scenario, Forecast [Member] | 3.96% Senior Notes Due August 2025 [Member] | Senior Notes Third Funding [Member]
Debt Instrument [Line Items]
Aggregate principal amount of senior notes	$ 100,000,000
Interest rate on senior notes	3.96%
Maturity date of senior notes	Aug. 31, 2025
Scenario, Forecast [Member] | 4.45% Senior Notes Due August 2035 [Member] | Senior Notes Third Funding [Member]
Debt Instrument [Line Items]
Aggregate principal amount of senior notes	$ 50,000,000
Interest rate on senior notes	4.45%
Maturity date of senior notes	Aug. 31, 2035

XML

Retirement and Pension Plans - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Compensation and Retirement Disclosure [Abstract]
Defined benefit pension plan cost	$ 51.6	$ 1.9

XML

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Gross unrecognized tax benefits	$ 66.2	$ 71.7
Unrecognized tax benefits that would impact tax rate, if recognized	$ 54.9

XML

Retirement and Pension Plans (Tables)

6 Months Ended

Jun. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Components of Net Periodic Pension Benefit Expense (Income)

The components of net periodic pension benefit expense (income) were as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
	(In thousands)
Defined benefit plans:
Service cost	$	1,800		$	1,644		$	3,549		$	3,280
Interest cost		7,091			7,262			13,780			14,495
Expected return on plan assets		(13,669	)		(12,607	)		(26,673	)		(25,167	)
Amortization of net actuarial loss and other		2,160			1,031			4,320			2,062
Pension income		(2,618	)		(2,670	)		(5,024	)		(5,330	)
Other plans:
Defined contribution plans		6,006			4,987			12,500			10,725
Foreign plans and other		1,238			1,484			2,486			2,772
Total other plans		7,244			6,471			14,986			13,497
Total net pension expense	$	4,626		$	3,801		$	9,962		$	8,167

XML

Product Warranties - Changes in Accrued Product Warranty Obligation (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Guarantees [Abstract]
Balance at the beginning of the period	$ 29,764	$ 28,036
Accruals for warranties issued during the period	3,823	3,865
Settlements made during the period	(5,297)	(5,880)
Warranty accruals related to acquired businesses and other during the period	(479)	3,617
Balance at the end of the period	$ 27,811	$ 29,638

XML

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Number of Weighted Average Shares

The number of weighted average shares used in the calculation of basic earnings per share and diluted earnings per share was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
	(In thousands)
Weighted average shares:
Basic shares		241,498		245,201		241,222		245,056
Equity-based compensation plans		2,123		2,202		1,987		2,260
Diluted shares		243,621		247,403		243,209		247,316

XML

Share-Based Compensation - Total Share-Based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock option expense	$ 4,292	$ 3,506	$ 6,187	$ 5,340
Restricted stock expense	2,925	2,636	5,892	4,968
Total pre-tax expense	7,217	6,142	12,079	10,308
Related tax benefit	(2,448)	(2,054)	(4,026)	(3,287)
Reduction of net income	$ 4,769	$ 4,088	$ 8,053	$ 7,021

XML

Acquisitions - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended		6 Months Ended
	Jul. 31, 2015	May. 31, 2015	Jun. 30, 2015
Business Acquisition [Line Items]
Total other intangible assets acquired			$ 79.9
Indefinite-lived intangible trademarks and trade names acquired			20.6
Finite-lived intangible assets acquired			59.3
Customer Relationships [Member]
Business Acquisition [Line Items]
Finite-lived intangible assets acquired			$ 41.5
Amortization period for finite-lived intangible asset			20 years
Purchased Technology [Member]
Business Acquisition [Line Items]
Finite-lived intangible assets acquired			$ 17.8
Amortization period for finite-lived intangible asset			20 years
Global Tubes [Member]
Business Acquisition [Line Items]
Amount of cash paid for acquisitions		$ 198.8
Total other intangible assets acquired			$ 79.9
Future amortization expense, 2015			3.0
Future amortization expense, 2016			3.0
Future amortization expense, 2017			3.0
Future amortization expense, 2018			3.0
Future amortization expense, 2019			3.0
Environmental liabilities related to estimated costs			$ 8.4
Surface Inspection Systems Division [Member] | Subsequent Event [Member]
Business Acquisition [Line Items]
Amount of cash paid for acquisitions	$ 160.0
Estimated annual sales	$ 60.0

XML

Fair Value Measurements - Fair Value of Assets Measured on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fixed-income investments	$ 9,127	$ 9,219

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Share-Based Compensation - Additional Information (Detail) - USD ($) shares in Thousands, $ in Millions	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate intrinsic value of stock options exercised	$ 52.3
Total fair value of stock options vested	9.4
Expected future pre-tax compensation expense, nonvested stock options	$ 22.9
Nonvested restricted stock outstanding	2,800
Weighted average period to recognize expected future pre-tax compensation expense (in years), nonvested stock options	2 years
Total fair value of vested restricted stock	$ 9.7
Expected future pre-tax compensation expense, nonvested restricted shares	$ 33.9
Nonvested Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested restricted stock outstanding	1,084	1,105
Weighted average period to recognize expected future pre-tax compensation expense (in years), nonvested stock options	2 years

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Reportable Segments - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2015 Segment
Segment Reporting [Abstract]
Number of reportable segments	2

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Income Taxes - Reconciliation of Liability for Uncertain Tax Positions (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2015 USD ($)
Income Tax Disclosure [Abstract]
Balance at December 31, 2014	$ 71.7
Additions for tax positions	6.3
Reductions for tax positions	(11.8)
Balance at June 30, 2015	$ 66.2

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Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2015

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

4. Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) consisted of the following:

	Three Months Ended June 30, 2015									Three Months Ended June 30, 2014
	Foreign Currency Items and Other			Defined Benefit Pension Plans			Total			Foreign Currency Items and Other			Defined Benefit Pension Plans			Total
	(In thousands)
Balance at the beginning of the period	$	(221,132	)	$	(140,564	)	$	(361,696	)	$	(2,128	)	$	(63,398	)	$	(65,526	)
Other comprehensive income (loss) before reclassifications:
Translation adjustments		27,714			—			27,714			10,140			—			10,140
Change in long-term intercompany notes		14,648			—			14,648			(5,493	)		—			(5,493	)
Net investment hedges		8,304			—			8,304			3,305			—			3,305
Gross amounts reclassified from accumulated other comprehensive income (loss)		—			2,160			2,160			—			1,031			1,031
Income tax benefit (expense)		(2,907	)		(742	)		(3,649	)		(1,156	)		(361	)		(1,517	)
Other comprehensive (loss) income, net of tax		47,759			1,418			49,177			6,796			670			7,466
Balance at the end of the period	$	(173,373	)	$	(139,146	)	$	(312,519	)	$	4,668		$	(62,728	)	$	(58,060	)

	Six Months Ended June 30, 2015									Six Months Ended June 30, 2014
	Foreign Currency Items and Other			Defined Benefit Pension Plans			Total			Foreign Currency Items and Other			Defined Benefit Pension Plans			Total
	(In thousands)
Balance at the beginning of the period	$	(124,912	)	$	(141,982	)	$	(266,894	)	$	(1,171	)	$	(64,068	)	$	(65,239	)
Other comprehensive income (loss) before reclassifications:
Translation adjustments		(6,656	)		—			(6,656	)		4,359			—			4,359
Change in long-term intercompany notes		(40,045	)		—			(40,045	)		(1,136	)		—			(1,136	)
Net investment hedges		(2,707	)		—			(2,707	)		4,024			—			4,024
Gross amounts reclassified from accumulated other comprehensive income (loss)		—			4,320			4,320			—			2,062			2,062
Income tax benefit (expense)		947			(1,484	)		(537	)		(1,408	)		(722	)		(2,130	)
Other comprehensive (loss) income, net of tax		(48,461	)		2,836			(45,625	)		5,839			1,340			7,179
Balance at the end of the period	$	(173,373	)	$	(139,146	)	$	(312,519	)	$	4,668		$	(62,728	)	$	(58,060	)

Reclassifications for the amortization of defined benefit pension plans are included in Cost of sales, excluding depreciation in the consolidated statement of income. See Note 13 for further details.

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Acquisitions - Allocation of Aggregate Purchase Price of Acquired Net Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill	$ 2,668,625	$ 2,614,030
Other intangible assets	79,900
Global Tubes [Member]
Business Acquisition [Line Items]
Property, plant and equipment	51,800
Goodwill	85,700
Other intangible assets	79,900
Deferred income taxes	(26,400)
Net working capital and other	7,800
Total purchase price	$ 198,800

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Acquisitions (Tables)

6 Months Ended

Jun. 30, 2015

Business Combinations [Abstract]

Allocation of Aggregate Purchase Price of Acquired Net Assets

The following table represents the preliminary allocation of the aggregate purchase price for the net assets of the above acquisition based on their estimated fair values at acquisition (in millions):

Property, plant and equipment	$	51.8
Goodwill		85.7
Other intangible assets		79.9
Deferred income taxes		(26.4	)
Net working capital and other*		7.8
Total purchase price	$	198.8

* Includes $19.4 million in accounts receivable, whose fair value, contractual cash flows and expected cash flows are approximately equal.

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Inventories (Tables)

6 Months Ended

Jun. 30, 2015

Inventory Disclosure [Abstract]

Inventories

	June 30, 2015		December 31, 2014
	(In thousands)
Finished goods and parts	$	86,760	$	80,307
Work in process		115,412		94,298
Raw materials and purchased parts		339,747		321,291
Total inventories	$	541,919	$	495,896

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Product Warranties - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2015
Guarantees [Abstract]
Product warranty period	The Company provides limited warranties in connection with the sale of its products. The warranty periods for products sold vary widely among the Company’s operations, but for the most part do not exceed one year.

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Acquisitions - Allocation of Aggregate Purchase Price of Acquired Net Assets (Parenthetical) (Detail) $ in Millions	Jun. 30, 2015 USD ($)
Business Combinations [Abstract]
Accounts receivable included in purchase price	$ 19.4

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Goodwill (Tables)

6 Months Ended

Jun. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Amounts of Goodwill by Segment

The changes in the carrying amounts of goodwill by segment were as follows:

	Electronic Instruments Group			Electro- mechanical Group			Total
	(In millions)
Balance at December 31, 2014	$	1,646.7		$	967.3		$	2,614.0
Goodwill acquired		—			85.7			85.7
Purchase price allocation adjustments and other		(4.4	)		—			(4.4	)
Foreign currency translation adjustments		(10.7	)		(16.0	)		(26.7	)
Balance at June 30, 2015	$	1,631.6		$	1,037.0		$	2,668.6

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Income Taxes (Tables)

6 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

Reconciliation of Liability for Uncertain Tax Positions

The following is a reconciliation of the liability for uncertain tax positions (in millions):

Balance at December 31, 2014	$	71.7
Additions for tax positions		6.3
Reductions for tax positions		(11.8	)
Balance at June 30, 2015	$	66.2

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Earnings Per Share

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Share

3. Earnings Per Share

The calculation of basic earnings per share is based on the weighted average number of common shares considered outstanding during the periods. The calculation of diluted earnings per share reflects the effect of all potentially dilutive securities (principally outstanding stock options and restricted stock grants). The number of weighted average shares used in the calculation of basic earnings per share and diluted earnings per share was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
	(In thousands)
Weighted average shares:
Basic shares		241,498		245,201		241,222		245,056
Equity-based compensation plans		2,123		2,202		1,987		2,260
Diluted shares		243,621		247,403		243,209		247,316

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Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Weighted Average Assumptions Used for Estimating Fair Values of Stock Options Granted

The following weighted average assumptions were used in the Black-Scholes-Merton model to estimate the fair values of stock options granted during the years indicated:

	Six Months Ended June 30, 2015			Year Ended December 31,  2014
Expected volatility		22.3	%		23.9	%
Expected term (years)		5.0			5.0
Risk-free interest rate		1.58	%		1.63	%
Expected dividend yield		0.69	%		0.45	%
Black-Scholes-Merton fair value per stock option granted	$	10.89		$	12.21

Total Share-Based Compensation Expense

Total share-based compensation expense was as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
	(In thousands)
Stock option expense	$	4,292		$	3,506		$	6,187		$	5,340
Restricted stock expense		2,925			2,636			5,892			4,968
Total pre-tax expense		7,217			6,142			12,079			10,308
Related tax benefit		(2,448	)		(2,054	)		(4,026	)		(3,287	)
Reduction of net income	$	4,769		$	4,088		$	8,053		$	7,021

Summary of Stock Option Activity and Related Information

The following is a summary of the Company’s stock option activity and related information:

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
	(In thousands)					(Years)		(In millions)
Outstanding at December 31, 2014		6,362		$	31.47
Granted		1,326			52.30
Exercised		(1,545	)		19.72
Forfeited		(75	)		45.15
Expired		(2	)		53.13
Outstanding at June 30, 2015		6,066		$	38.84		4.5	$	91.2
Exercisable at June 30, 2015		3,247		$	30.25		3.2	$	76.7

Summary of Nonvested Restricted Stock Activity and Related Information

The following is a summary of the Company’s nonvested restricted stock activity and related information:

	Shares			Weighted Average Grant Date Fair Value
	(In thousands)
Nonvested restricted stock outstanding at December 31, 2014		1,105		$	41.08
Granted		310			52.22
Vested		(290	)		33.47
Forfeited		(41	)		43.09
Nonvested restricted stock outstanding at June 30, 2015		1,084		$	46.23

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Hedging Activities - Additional Information (Detail) - Jun. 30, 2015 - Foreign Exchange Contract [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Millions	Total
Derivative [Line Items]
Percentage of effectiveness on net investment hedges	100.00%
Currency remeasurement gains	$ 3.1
British-Pound-Denominated Loans [Member]
Derivative [Line Items]
Hedge against net investment in foreign subsidiaries	188.7
Euro-Denominated Loans [Member]
Derivative [Line Items]
Hedge against net investment in foreign subsidiaries	$ 55.8

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Share-Based Compensation - Summary of Nonvested Restricted Stock Activity and Related Information (Detail) - 6 months ended Jun. 30, 2015 - $ / shares shares in Thousands	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Ending balance, Nonvested restricted stock outstanding, Shares	2,800
Nonvested Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning balance, Nonvested restricted stock outstanding, Shares	1,105
Granted, Shares	310
Vested, Shares	(290)
Forfeited, Shares	(41)
Ending balance, Nonvested restricted stock outstanding, Shares	1,084
Beginning balance, Nonvested restricted stock outstanding, Weighted Average Grant Date Fair Value	$ 41.08
Granted, Weighted Average Grant Date Fair Value	52.22
Vested, Weighted Average Grant Date Fair Value	33.47
Forfeited, Weighted Average Grant Date Fair Value	43.09
Ending balance, Nonvested restricted stock outstanding, Weighted Average Grant Date Fair Value	$ 46.23

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Consolidated Statement of Income - 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	$ 1,003,726	$ 990,718	$ 1,987,785	$ 1,966,010
Operating expenses:
Cost of sales, excluding depreciation	633,925	630,645	1,269,890	1,255,815
Selling, general and administrative	112,702	113,316	223,586	225,941
Depreciation	16,780	15,029	33,038	30,895
Total operating expenses	763,407	758,990	1,526,514	1,512,651
Operating income	240,319	231,728	461,271	453,359
Other expenses:
Interest expense	(22,678)	(18,981)	(45,364)	(37,819)
Other, net	(2,493)	(4,326)	(3,973)	(8,203)
Income before income taxes	215,148	208,421	411,934	407,337
Provision for income taxes	59,635	58,358	114,314	116,688
Net income	$ 155,513	$ 150,063	$ 297,620	$ 290,649
Basic earnings per share	$ 0.64	$ 0.61	$ 1.23	$ 1.19
Diluted earnings per share	$ 0.64	$ 0.61	$ 1.22	$ 1.18
Weighted average common shares outstanding:
Basic shares	241,498	245,201	241,222	245,056
Diluted shares	243,621	247,403	243,209	247,316
Dividends declared and paid per share	$ 0.09	$ 0.09	$ 0.18	$ 0.15

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Goodwill - Changes in Carrying Amounts of Goodwill by Segment (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2015 USD ($)
Goodwill [Line Items]
Balance at December 31, 2014	$ 2,614,030
Goodwill acquired	85,700
Purchase price allocation adjustments and other	(4,400)
Foreign currency translation adjustments	(26,700)
Balance at June 30, 2015	2,668,625
Electronic Instruments Group [Member]
Goodwill [Line Items]
Balance at December 31, 2014	1,646,700
Purchase price allocation adjustments and other	(4,400)
Foreign currency translation adjustments	(10,700)
Balance at June 30, 2015	1,631,600
Electromechanical Group [Member]
Goodwill [Line Items]
Balance at December 31, 2014	967,300
Goodwill acquired	85,700
Foreign currency translation adjustments	(16,000)
Balance at June 30, 2015	$ 1,037,000

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Basis of Presentation

6 Months Ended

Jun. 30, 2015

Accounting Policies [Abstract]

Basis of Presentation

1. Basis of Presentation

The accompanying consolidated financial statements are unaudited. AMETEK, Inc. (the “Company”) believes that all adjustments (which primarily consist of normal recurring accruals) necessary for a fair presentation of the consolidated financial position of the Company at June 30, 2015, and the consolidated results of its operations for the three and six months ended June 30, 2015 and 2014 and its cash flows for the six months ended June 30, 2015 and 2014 have been included. Quarterly results of operations are not necessarily indicative of results for the full year. The accompanying consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes presented in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 as filed with the U.S. Securities and Exchange Commission.

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First Quarter of 2015 Restructuring Charges - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2015	Jun. 30, 2015
Restructuring Cost and Reserve [Line Items]
Reduction in net income due to restructuring charges	$ 10.8
Reduction in earning per share diluted due to restructuring charges	$ 0.04
Restructuring charges	$ 15.9
Electronic Instruments Group [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 9.3
Electromechanical Group [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		6.5
Accrued Liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		11.0
Corporate Administrative Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 0.1

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Earnings Per Share - Number of Weighted Average Shares (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Weighted average shares:
Basic shares	241,498	245,201	241,222	245,056
Equity-based compensation plans	2,123	2,202	1,987	2,260
Diluted shares	243,621	247,403	243,209	247,316

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Stockholders' Equity

6 Months Ended

Jun. 30, 2015

Equity [Abstract]

Stockholders' Equity

17. Stockholders’ Equity

On April 1, 2015, the Company’s Board of Directors approved an increase of $350 million in the authorization for repurchase of the Company’s common stock. For the six months ended June 30, 2015, the Company repurchased approximately 1,075,000 shares of common stock for $57.2 million in cash under its share repurchase authorization. At June 30, 2015, $339.9 million was available under the Company’s Board of Directors authorization for future share repurchases.

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Accumulated Other Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	$ (361,696)	$ (65,526)	$ (266,894)	$ (65,239)
Other comprehensive income (loss) before reclassifications:
Translation adjustments	27,714	10,140	(6,656)	4,359
Change in long-term intercompany notes	14,648	(5,493)	(40,045)	(1,136)
Net investment hedges	8,304	3,305	(2,707)	4,024
Gross amounts reclassified from accumulated other comprehensive income (loss)	2,160	1,031	4,320	2,062
Income tax benefit (expense)	(3,649)	(1,517)	(537)	(2,130)
Other comprehensive (loss) income, net of tax	49,177	7,466	(45,625)	7,179
Accumulated other comprehensive income (loss), ending balance	(312,519)	(58,060)	(312,519)	(58,060)
Foreign Currency Items and Other [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	(221,132)	(2,128)	(124,912)	(1,171)
Other comprehensive income (loss) before reclassifications:
Translation adjustments	27,714	10,140	(6,656)	4,359
Change in long-term intercompany notes	14,648	(5,493)	(40,045)	(1,136)
Net investment hedges	8,304	3,305	(2,707)	4,024
Income tax benefit (expense)	(2,907)	(1,156)	947	(1,408)
Other comprehensive (loss) income, net of tax	47,759	6,796	(48,461)	5,839
Accumulated other comprehensive income (loss), ending balance	(173,373)	4,668	(173,373)	4,668
Defined Benefit Pension Plans [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	(140,564)	(63,398)	(141,982)	(64,068)
Other comprehensive income (loss) before reclassifications:
Gross amounts reclassified from accumulated other comprehensive income (loss)	2,160	1,031	4,320	2,062
Income tax benefit (expense)	(742)	(361)	(1,484)	(722)
Other comprehensive (loss) income, net of tax	1,418	670	2,836	1,340
Accumulated other comprehensive income (loss), ending balance	$ (139,146)	$ (62,728)	$ (139,146)	$ (62,728)

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Recent Accounting Pronouncements (Policies)

6 Months Ended

Jun. 30, 2015

Accounting Changes and Error Corrections [Abstract]

Discontinued Operations and Disclosures of Disposals of Components of an Entity

In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (“ASU 2014-08”). ASU 2014-08 revised guidance to only allow disposals of components of an entity that represent a strategic shift (e.g., disposal of a major geographical area, a major line of business, a major equity method investment, or other major parts of an entity) and that have a major effect on a reporting entity’s operations and financial results to be reported as discontinued operations. The revised guidance also requires expanded disclosure in the financial statements for discontinued operations as well as for disposals of significant components of an entity that do not qualify for discontinued operations presentation. The Company adopted ASU 2013-08 effective January 1, 2015 and the adoption did not have an impact on the Company’s consolidated results of operations, financial position or cash flows.

Revenue from Contracts with Customers

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”). The objective of ASU 2014-09 is to establish a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most of the existing revenue recognition guidance. The core principle of ASU 2014-09 is that an entity recognizes revenue at 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. In applying the new guidance, the Company must (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the contract’s performance obligations; and (5) recognize revenue when the Company satisfies a performance obligation. ASU 2014-09 applies to all contracts with customers except those that are within the scope of other topics in the FASB Accounting Standards Codification. ASU 2014-09 is effective for interim and annual reporting periods beginning after December 15, 2017 and can be adopted by the Company using either a full retrospective or modified retrospective approach, with early adoption prohibited. The Company continues to evaluate the impacts and monitor the developments related to ASU 2014-09. The Company is in the process of determining the impact ASU 2014-09 may have on the Company’s consolidated results of operations, financial position or cash flows nor decided upon the method of adoption.

Amendments to the Consolidation Analysis

In February 2015, the FASB issued ASU No. 2015-02, Amendments to the Consolidation Analysis (“ASU 2015-02”). ASU 2015-02 is intended to improve targeted areas of consolidation guidance for legal entities such as limited partnerships, limited liability corporations, and securitization structures (collateralized debt obligations, collateralized loan obligations, and mortgage-backed security transactions). ASU 2015-02 makes specific amendments to the current consolidation guidance and ends the deferral granted to investment companies from applying the variable interest entities guidance. ASU 2014-02 is effective for interim and annual reporting periods beginning after December 15, 2015. The Company does not expect the adoption of ASU 2015-02 to have a significant impact on the Company’s consolidated results of operations, financial position or cash flows.

Simplifying the Presentation of Debt Issuance Costs

In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs (“ASU 2015-03”). ASU 2015-03 requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. ASU 2015-03 is effective for interim and annual reporting periods beginning after December 15, 2015. The new guidance will be applied on a retrospective basis and early adoption is permitted. The Company does not expect the adoption of ASU 2015-03 to have a significant impact on the Company’s consolidated results of operations, financial position or cash flows.

Customer's Accounting for Fees Paid in a Cloud Computing Arrangement

In April 2015, the FASB issued ASU No. 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement (“ASU 2015-05”). ASU 2015-05 is intended to help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement. The guidance clarifies that customers should determine whether a cloud computing arrangement includes the license of software by applying the same guidance cloud service providers use to make this determination. For public business entities, the Board decided that the amendments will be effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted for all entities. An entity can elect to adopt the amendments either (1) prospectively to all arrangements entered into or materially modified after the effective date or (2) retrospectively. The Company has not determined the impact ASU 2015-05 may have on the Company’s consolidated results of operations, financial position or cash flows nor decided upon the method of adoption.

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Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2015

Accounting Changes and Error Corrections [Abstract]

Recent Accounting Pronouncements

2. Recent Accounting Pronouncements

In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (“ASU 2014-08”). ASU 2014-08 revised guidance to only allow disposals of components of an entity that represent a strategic shift (e.g., disposal of a major geographical area, a major line of business, a major equity method investment, or other major parts of an entity) and that have a major effect on a reporting entity’s operations and financial results to be reported as discontinued operations. The revised guidance also requires expanded disclosure in the financial statements for discontinued operations as well as for disposals of significant components of an entity that do not qualify for discontinued operations presentation. The Company adopted ASU 2013-08 effective January 1, 2015 and the adoption did not have an impact on the Company’s consolidated results of operations, financial position or cash flows.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”). The objective of ASU 2014-09 is to establish a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most of the existing revenue recognition guidance. The core principle of ASU 2014-09 is that an entity recognizes revenue at 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. In applying the new guidance, the Company must (1) identify the contract(s) with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the contract’s performance obligations; and (5) recognize revenue when the Company satisfies a performance obligation. ASU 2014-09 applies to all contracts with customers except those that are within the scope of other topics in the FASB Accounting Standards Codification. ASU 2014-09 is effective for interim and annual reporting periods beginning after December 15, 2017 and can be adopted by the Company using either a full retrospective or modified retrospective approach, with early adoption prohibited. The Company continues to evaluate the impacts and monitor the developments related to ASU 2014-09. The Company is in the process of determining the impact ASU 2014-09 may have on the Company’s consolidated results of operations, financial position or cash flows nor decided upon the method of adoption.

In February 2015, the FASB issued ASU No. 2015-02, Amendments to the Consolidation Analysis (“ASU 2015-02”). ASU 2015-02 is intended to improve targeted areas of consolidation guidance for legal entities such as limited partnerships, limited liability corporations, and securitization structures (collateralized debt obligations, collateralized loan obligations, and mortgage-backed security transactions). ASU 2015-02 makes specific amendments to the current consolidation guidance and ends the deferral granted to investment companies from applying the variable interest entities guidance. ASU 2014-02 is effective for interim and annual reporting periods beginning after December 15, 2015. The Company does not expect the adoption of ASU 2015-02 to have a significant impact on the Company’s consolidated results of operations, financial position or cash flows.

In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs (“ASU 2015-03”). ASU 2015-03 requires debt issuance costs to be presented in the balance sheet as a direct deduction from the associated debt liability. ASU 2015-03 is effective for interim and annual reporting periods beginning after December 15, 2015. The new guidance will be applied on a retrospective basis and early adoption is permitted. The Company does not expect the adoption of ASU 2015-03 to have a significant impact on the Company’s consolidated results of operations, financial position or cash flows.

In April 2015, the FASB issued ASU No. 2015-05, Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement (“ASU 2015-05”). ASU 2015-05 is intended to help entities evaluate the accounting for fees paid by a customer in a cloud computing arrangement. The guidance clarifies that customers should determine whether a cloud computing arrangement includes the license of software by applying the same guidance cloud service providers use to make this determination. For public business entities, the Board decided that the amendments will be effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted for all entities. An entity can elect to adopt the amendments either (1) prospectively to all arrangements entered into or materially modified after the effective date or (2) retrospectively. The Company has not determined the impact ASU 2015-05 may have on the Company’s consolidated results of operations, financial position or cash flows nor decided upon the method of adoption.

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Consolidated Statement 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]
Total comprehensive income	$ 204,690	$ 157,529	$ 251,995	$ 297,828

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Share-Based Compensation

6 Months Ended

Jun. 30, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation

12. Share-Based Compensation

The fair value of each stock option grant is estimated on the date of grant using a Black-Scholes-Merton option pricing model. The following weighted average assumptions were used in the Black-Scholes-Merton model to estimate the fair values of stock options granted during the years indicated:

	Six Months Ended June 30, 2015			Year Ended December 31,  2014
Expected volatility		22.3	%		23.9	%
Expected term (years)		5.0			5.0
Risk-free interest rate		1.58	%		1.63	%
Expected dividend yield		0.69	%		0.45	%
Black-Scholes-Merton fair value per stock option granted	$	10.89		$	12.21

Expected volatility is based on the historical volatility of the Company’s stock. The Company used historical exercise data to estimate the stock options’ expected term, which represents the period of time that the stock options granted are expected to be outstanding. Management anticipates that the future stock option holding periods will be similar to the historical stock option holding periods. The risk-free interest rate for periods within the contractual life of the stock option is based on the U.S. Treasury yield curve at the time of grant. Compensation expense recognized for all share-based awards is net of estimated forfeitures. The Company’s estimated forfeiture rates are based on its historical experience.

Total share-based compensation expense was as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
	(In thousands)
Stock option expense	$	4,292		$	3,506		$	6,187		$	5,340
Restricted stock expense		2,925			2,636			5,892			4,968
Total pre-tax expense		7,217			6,142			12,079			10,308
Related tax benefit		(2,448	)		(2,054	)		(4,026	)		(3,287	)
Reduction of net income	$	4,769		$	4,088		$	8,053		$	7,021

Pre-tax share-based compensation expense is included in the consolidated statement of income in either Cost of sales, excluding depreciation or Selling, general and administrative expenses, depending on where the recipient’s cash compensation is reported.

The following is a summary of the Company’s stock option activity and related information:

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value
	(In thousands)					(Years)		(In millions)
Outstanding at December 31, 2014		6,362		$	31.47
Granted		1,326			52.30
Exercised		(1,545	)		19.72
Forfeited		(75	)		45.15
Expired		(2	)		53.13
Outstanding at June 30, 2015		6,066		$	38.84		4.5	$	91.2
Exercisable at June 30, 2015		3,247		$	30.25		3.2	$	76.7

The aggregate intrinsic value of stock options exercised during the six months ended June 30, 2015 was $52.3 million. The total fair value of stock options vested during the six months ended June 30, 2015 was $9.4 million. As of June 30, 2015, there was approximately $22.9 million of expected future pre-tax compensation expense related to the 2.8 million nonvested stock options outstanding, which is expected to be recognized over a weighted average period of approximately two years.

The following is a summary of the Company’s nonvested restricted stock activity and related information:

	Shares			Weighted Average Grant Date Fair Value
	(In thousands)
Nonvested restricted stock outstanding at December 31, 2014		1,105		$	41.08
Granted		310			52.22
Vested		(290	)		33.47
Forfeited		(41	)		43.09
Nonvested restricted stock outstanding at June 30, 2015		1,084		$	46.23

The total fair value of restricted stock vested during the six months ended June 30, 2015 was $9.7 million. As of June 30, 2015, there was approximately $33.9 million of expected future pre-tax compensation expense related to the 1.1 million nonvested restricted shares outstanding, which is expected to be recognized over a weighted average period of approximately two years.

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Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 27, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2
Trading Symbol	AME
Entity Registrant Name	AMETEK INC/
Entity Central Index Key	0001037868
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		242,163,965

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Retirement and Pension Plans

6 Months Ended

Jun. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Retirement and Pension Plans

13. Retirement and Pension Plans

The components of net periodic pension benefit expense (income) were as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
	(In thousands)
Defined benefit plans:
Service cost	$	1,800		$	1,644		$	3,549		$	3,280
Interest cost		7,091			7,262			13,780			14,495
Expected return on plan assets		(13,669	)		(12,607	)		(26,673	)		(25,167	)
Amortization of net actuarial loss and other		2,160			1,031			4,320			2,062
Pension income		(2,618	)		(2,670	)		(5,024	)		(5,330	)
Other plans:
Defined contribution plans		6,006			4,987			12,500			10,725
Foreign plans and other		1,238			1,484			2,486			2,772
Total other plans		7,244			6,471			14,986			13,497
Total net pension expense	$	4,626		$	3,801		$	9,962		$	8,167

For the six months ended June 30, 2015 and 2014, contributions to the Company’s defined benefit pension plans were $51.6 million and $1.9 million, respectively. The Company’s current estimate of 2015 contributions to its worldwide defined benefit pension plans is in line with the range disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

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Consolidated Balance Sheet - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 326,588	$ 377,615
Receivables, less allowance for possible losses	619,080	585,462
Inventories, net	541,919	495,896
Deferred income taxes	41,652	45,053
Other current assets	70,103	74,578
Total current assets	1,599,342	1,578,604
Property, plant and equipment, net	484,932	448,446
Goodwill	2,668,625	2,614,030
Other intangibles, net of accumulated amortization	1,657,268	1,625,561
Investments and other assets	147,644	154,322
Total assets	6,557,811	6,420,963
Current liabilities:
Short-term borrowings and current portion of long-term debt	183,903	286,201
Accounts payable	384,254	386,207
Income taxes payable	22,184	27,157
Accrued liabilities	239,790	236,579
Total current liabilities	830,131	936,144
Long-term debt	1,481,906	1,427,825
Deferred income taxes	632,891	618,385
Other long-term liabilities	159,549	199,048
Total liabilities	3,104,477	3,181,402
Stockholders' equity:
Common stock	2,605	2,589
Capital in excess of par value	546,487	491,750
Retained earnings	3,724,314	3,469,923
Accumulated other comprehensive loss	(312,519)	(266,894)
Treasury stock	(507,553)	(457,807)
Total stockholders' equity	3,453,334	3,239,561
Total liabilities and stockholders' equity	$ 6,557,811	$ 6,420,963

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Inventories

6 Months Ended

Jun. 30, 2015

Inventory Disclosure [Abstract]

Inventories

7. Inventories

	June 30, 2015		December 31, 2014
	(In thousands)
Finished goods and parts	$	86,760	$	80,307
Work in process		115,412		94,298
Raw materials and purchased parts		339,747		321,291
Total inventories	$	541,919	$	495,896

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Hedging Activities

6 Months Ended

Jun. 30, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Hedging Activities

6. Hedging Activities

The Company has designated certain foreign-currency-denominated long-term borrowings as hedges of the net investment in certain foreign operations. As of June 30, 2015, these net investment hedges included British-pound-denominated long-term debt and Euro-denominated short-term debt. These borrowings were designed to create net investment hedges in each of the designated foreign subsidiaries. The Company designated the British-pound- and Euro-denominated loans referred to above as hedging instruments to offset translation gains or losses on the net investment due to changes in the British pound and Euro exchange rates. These net investment hedges are evidenced by management’s contemporaneous documentation supporting the hedge designation. Any gain or loss on the hedging instrument (the debt) following hedge designation is reported in accumulated other comprehensive income in the same manner as the translation adjustment on the investment based on changes in the spot rate, which is used to measure hedge effectiveness.

At June 30, 2015, the Company had $188.7 million of British-pound-denominated loans, which were designated as a hedge against the net investment in British pound functional currency foreign subsidiaries. At June 30, 2015, the Company had a $55.8 million Euro-denominated loan, which was designated as a hedge against the net investment in Euro functional currency foreign subsidiaries. As a result of these British-pound- and Euro-denominated loans being designated and 100% effective as net investment hedges, $3.1 million of currency remeasurement gains have been included in the foreign currency translation component of other comprehensive income for the six months ended June 30, 2015.

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Reportable Segments

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Reportable Segments

18. Reportable Segments

The Company has two reportable segments, Electronic Instruments Group (“EIG”) and Electromechanical Group (“EMG”). The Company’s operating units are identified based on the existence of segment managers. Certain of the Company’s operating units have been aggregated for segment reporting purposes primarily on the basis of product type, production processes, distribution methods and similarity of economic characteristics.

At June 30, 2015, there were no significant changes in identifiable assets of reportable segments from the amounts disclosed at December 31, 2014, other than those described in the acquisitions footnote (Note 8), nor were there any significant changes in the basis of segmentation or in the measurement of segment operating results. Operating information relating to the Company’s reportable segments for the three and six months ended June 30, 2015 and 2014 can be found in the table included in Part I, Item 2. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of this Quarterly Report on Form 10-Q.

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Product Warranties

6 Months Ended

Jun. 30, 2015

Guarantees [Abstract]

Product Warranties

14. Product Warranties

The Company provides limited warranties in connection with the sale of its products. The warranty periods for products sold vary widely among the Company’s operations, but for the most part do not exceed one year. The Company calculates its warranty expense provision based on past warranty experience and adjustments are made periodically to reflect actual warranty expenses.

Changes in the accrued product warranty obligation were as follows:

	Six Months Ended June 30,
	2015			2014
	(In thousands)
Balance at the beginning of the period	$	29,764		$	28,036
Accruals for warranties issued during the period		3,823			3,865
Settlements made during the period		(5,297	)		(5,880	)
Warranty accruals related to acquired businesses and other during the period		(479	)		3,617
Balance at the end of the period	$	27,811		$	29,638

Certain settlements of warranties made during the period were for specific nonrecurring warranty obligations. Product warranty obligations are reported as current liabilities in the consolidated balance sheet.

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Income Taxes

6 Months Ended

Jun. 30, 2015

Income Tax Disclosure [Abstract]

Income Taxes

10. Income Taxes

At June 30, 2015, the Company had gross unrecognized tax benefits of $66.2 million, of which $54.9 million, if recognized, would impact the effective tax rate.

The following is a reconciliation of the liability for uncertain tax positions (in millions):

Balance at December 31, 2014	$	71.7
Additions for tax positions		6.3
Reductions for tax positions		(11.8	)
Balance at June 30, 2015	$	66.2

The Company recognizes interest and penalties accrued related to uncertain tax positions in income tax expense. The amounts recognized in income tax expense for interest and penalties during the three and six months ended June 30, 2015 and 2014 were not significant.

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Stockholders' Equity - Additional Information (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2015	Apr. 01, 2015
Statement of Stockholders' Equity [Abstract]
Authorization for repurchase of common stock		$ 350,000,000
Repurchase of common stock, shares	1,075,000
Repurchase of common stock under share repurchase authorization	$ 57,200,000
Remaining authorization for future share repurchases	$ 339,900,000

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Acquisitions

6 Months Ended

Jun. 30, 2015

Business Combinations [Abstract]

Acquisitions

8. Acquisitions

The Company spent $198.8 million in cash, net of cash acquired, to acquire Global Tubes in May 2015. Global Tubes is a manufacturer of high precision, small diameter metal tubing. Global Tubes is part of AMETEK’s Electromechanical Group.

The following table represents the preliminary allocation of the aggregate purchase price for the net assets of the above acquisition based on their estimated fair values at acquisition (in millions):

Property, plant and equipment	$	51.8
Goodwill		85.7
Other intangible assets		79.9
Deferred income taxes		(26.4	)
Net working capital and other*		7.8
Total purchase price	$	198.8

* Includes $19.4 million in accounts receivable, whose fair value, contractual cash flows and expected cash flows are approximately equal.

The amount allocated to goodwill is reflective of the benefits the Company expects to realize from the acquisition as follows: Global Tubes’ metallurgical capabilities, processing capabilities and alloy ranges are complementary and expand the Company’s product offerings in highly engineered applications serving the aerospace, energy, power generation and medical markets. The Company does not expect any of the goodwill recorded in connection with the Global Tubes acquisition to be tax deductible in future years.

At June 30, 2015, purchase price allocated to other intangible assets of $79.9 million consists of $20.6 million of indefinite-lived intangible trademarks and trade names, which are not subject to amortization. The remaining $59.3 million of other intangible assets consists of $41.5 million of customer relationships, which are being amortized over a period of 20 years and $17.8 million of purchased technology, which is being amortized over a period of 20 years. Amortization expense for each of the next five years for the Global Tubes acquisition is expected to approximate $3.0 million per year.

The Company recognized $8.4 million in environmental liabilities related to the estimated costs to remediate known environmental issues at Global Tubes. The $8.4 million is included in net working capital and other in the table above.

The Company is in the process of finalizing the measurement of certain tangible and intangible assets and liabilities for its Global Tubes acquisition, as well as accounting for income taxes associated with its 2014 acquisition of Amptek, Inc.

The Global Tubes acquisition had an immaterial impact on reported net sales, net income and diluted earnings per share for the three and six months ended June 30, 2015. Had the Global Tubes acquisition been made at the beginning of 2015 or 2014, unaudited pro forma net sales, net income and diluted earnings per share for the three and six months ended June 30, 2015 and 2014, respectively, would not have been materially different than the amounts reported. Pro forma results are not necessarily indicative of the results that would have occurred if the acquisition had been completed at the beginning of 2015 or 2014.

Acquisition Subsequent to June 30, 2015

In July 2015, the Company acquired the Surface Inspection Systems Division (“SISD”) of Cognex Corporation. SISD develops and manufactures software-enabled vision systems used to inspect surfaces of continuously processed materials for flaws and defects. SISD was acquired for approximately $160 million and has estimated annual sales of approximately $60 million. SISD’s proprietary real-time image processing technology broadens the Company’s capabilities in the non-destructive process inspection market and will join AMETEK’s Electronic Instruments Group.

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Goodwill

6 Months Ended

Jun. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

9. Goodwill

The changes in the carrying amounts of goodwill by segment were as follows:

	Electronic Instruments Group			Electro- mechanical Group			Total
	(In millions)
Balance at December 31, 2014	$	1,646.7		$	967.3		$	2,614.0
Goodwill acquired		—			85.7			85.7
Purchase price allocation adjustments and other		(4.4	)		—			(4.4	)
Foreign currency translation adjustments		(10.7	)		(16.0	)		(26.7	)
Balance at June 30, 2015	$	1,631.6		$	1,037.0		$	2,668.6

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Debt

6 Months Ended

Jun. 30, 2015

Debt Disclosure [Abstract]

Debt

11. Debt

In June 2015, the Company obtained the second funding of $50 million in aggregate principal amount of 3.91% senior notes due June 2025 under the third quarter of 2014 private placement agreement. The first funding occurred in September 2014 for $500 million, consisting of $300 million in aggregate principal amount of 3.73% senior notes due September 2024, $100 million in aggregate principal amount of 3.83% senior notes due September 2026 and $100 million in aggregate principal amount of 3.98% senior notes due September 2029. The third funding date will be in August 2015 for $150 million, consisting of $100 million in aggregate principal amount of 3.96% senior notes due August 2025 and $50 million in aggregate principal amount of 4.45% senior notes due August 2035. The senior notes will carry a weighted average interest rate of 3.88%. The senior notes are subject to certain customary covenants, including financial covenants that, among other things, require the Company to maintain certain debt to EBITDA (earnings before interest, income taxes, depreciation and amortization) and interest coverage ratios. The proceeds from the second funding of the senior notes were used to pay down domestic borrowings under the Company’s revolving credit facility.

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Product Warranties (Tables)

6 Months Ended

Jun. 30, 2015

Guarantees [Abstract]

Changes in Accrued Product Warranty Obligation

Changes in the accrued product warranty obligation were as follows:

	Six Months Ended June 30,
	2015			2014
	(In thousands)
Balance at the beginning of the period	$	29,764		$	28,036
Accruals for warranties issued during the period		3,823			3,865
Settlements made during the period		(5,297	)		(5,880	)
Warranty accruals related to acquired businesses and other during the period		(479	)		3,617
Balance at the end of the period	$	27,811		$	29,638

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Share-Based Compensation - Summary of Stock Option Activity and Related Information (Detail) - Jun. 30, 2015 - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	Total
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Beginning balance, Outstanding, Shares	6,362
Granted, Shares	1,326
Exercised, Shares	(1,545)
Forfeited, Shares	(75)
Expired, Shares	(2)
Ending balance, Outstanding, Shares	6,066
Ending balance, Exercisable, Shares	3,247
Beginning balance, Outstanding, Weighted Average Exercise Price	$ 31.47
Granted, Weighted Average Exercise Price	52.30
Exercised, Weighted Average Exercise Price	19.72
Forfeited, Weighted Average Exercise Price	45.15
Expired, Weighted Average Exercise Price	53.13
Ending balance, Outstanding, Weighted Average Exercise Price	38.84
Ending balance, Exercisable, Weighted Average Exercise Price	$ 30.25
Ending balance, Outstanding, Weighted Average Remaining Contractual Life (Years)	4 years 6 months
Ending balance, Exercisable, Weighted Average Remaining Contractual Life (Years)	3 years 2 months 12 days
Ending balance, Outstanding, Aggregate Intrinsic Value	$ 91.2
Ending balance, Exercisable, Aggregate Intrinsic Value	$ 76.7

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First Quarter of 2015 Restructuring Charges

6 Months Ended

Jun. 30, 2015

Restructuring and Related Activities [Abstract]

First Quarter of 2015 Restructuring Charges

16. First Quarter of 2015 Restructuring Charges

During the first quarter of 2015, the Company recorded pre-tax restructuring charges totaling $15.9 million, which had the effect of reducing net income by $10.8 million ($0.04 per diluted share). The restructuring charges were reported in segment operating income as follows: $9.3 million in EIG, $6.5 million in EMG and $0.1 million in corporate administrative expenses. The restructuring costs primarily resulted from a planned reduction in workforce in response to the effects of a continued strong U.S. dollar and a weak global economy on certain of our businesses. The restructuring costs will be broadly implemented across the Company’s various businesses throughout the remainder of 2015. At June 30, 2015, the Company had $11.0 million reported as Accrued liabilities in the Company’s consolidated balance sheet related to this restructuring.

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Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2015

Equity [Abstract]

Components of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) consisted of the following:

	Three Months Ended June 30, 2015									Three Months Ended June 30, 2014
	Foreign Currency Items and Other			Defined Benefit Pension Plans			Total			Foreign Currency Items and Other			Defined Benefit Pension Plans			Total
	(In thousands)
Balance at the beginning of the period	$	(221,132	)	$	(140,564	)	$	(361,696	)	$	(2,128	)	$	(63,398	)	$	(65,526	)
Other comprehensive income (loss) before reclassifications:
Translation adjustments		27,714			—			27,714			10,140			—			10,140
Change in long-term intercompany notes		14,648			—			14,648			(5,493	)		—			(5,493	)
Net investment hedges		8,304			—			8,304			3,305			—			3,305
Gross amounts reclassified from accumulated other comprehensive income (loss)		—			2,160			2,160			—			1,031			1,031
Income tax benefit (expense)		(2,907	)		(742	)		(3,649	)		(1,156	)		(361	)		(1,517	)
Other comprehensive (loss) income, net of tax		47,759			1,418			49,177			6,796			670			7,466
Balance at the end of the period	$	(173,373	)	$	(139,146	)	$	(312,519	)	$	4,668		$	(62,728	)	$	(58,060	)

	Six Months Ended June 30, 2015									Six Months Ended June 30, 2014
	Foreign Currency Items and Other			Defined Benefit Pension Plans			Total			Foreign Currency Items and Other			Defined Benefit Pension Plans			Total
	(In thousands)
Balance at the beginning of the period	$	(124,912	)	$	(141,982	)	$	(266,894	)	$	(1,171	)	$	(64,068	)	$	(65,239	)
Other comprehensive income (loss) before reclassifications:
Translation adjustments		(6,656	)		—			(6,656	)		4,359			—			4,359
Change in long-term intercompany notes		(40,045	)		—			(40,045	)		(1,136	)		—			(1,136	)
Net investment hedges		(2,707	)		—			(2,707	)		4,024			—			4,024
Gross amounts reclassified from accumulated other comprehensive income (loss)		—			4,320			4,320			—			2,062			2,062
Income tax benefit (expense)		947			(1,484	)		(537	)		(1,408	)		(722	)		(2,130	)
Other comprehensive (loss) income, net of tax		(48,461	)		2,836			(45,625	)		5,839			1,340			7,179
Balance at the end of the period	$	(173,373	)	$	(139,146	)	$	(312,519	)	$	4,668		$	(62,728	)	$	(58,060	)

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Share-Based Compensation - Weighted Average Assumptions Used for Estimating Fair Values of Stock Options Granted (Detail) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected volatility	22.30%	23.90%
Expected term (years)	5 years	5 years
Risk-free interest rate	1.58%	1.63%
Expected dividend yield	0.69%	0.45%
Black-Scholes-Merton fair value per stock option granted	$ 10.89	$ 12.21

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Inventories - Inventories (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Finished goods and parts	$ 86,760	$ 80,307
Work in process	115,412	94,298
Raw materials and purchased parts	339,747	321,291
Total inventories	$ 541,919	$ 495,896

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Condensed Consolidated Statement of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating activities:
Net income	$ 297,620	$ 290,649
Adjustments to reconcile net income to total operating activities:
Depreciation and amortization	72,317	66,179
Deferred income taxes	3,153	(1,030)
Share-based compensation expense	12,079	10,308
Net change in assets and liabilities, net of acquisitions	(48,533)	(46,821)
Pension contribution	(51,560)	(1,878)
Other	312	(1,368)
Total operating activities	285,388	316,039
Investing activities:
Additions to property, plant and equipment	(25,987)	(29,288)
Purchases of businesses, net of cash acquired	(198,806)	(458,683)
Proceeds from sale of facility	421
Other	(426)	2,246
Total investing activities	(224,798)	(485,725)
Financing activities:
Net change in short-term borrowings	(96,890)	181,142
Additional long-term borrowings	50,000
Reduction in long-term borrowings	(450)	(221)
Repurchases of common stock	(57,227)	(1,736)
Cash dividends paid	(43,343)	(36,686)
Excess tax benefits from share-based payments	18,716	5,299
Proceeds from employee stock plans	30,989	10,333
Total financing activities	(98,205)	158,131
Effect of exchange rate changes on cash and cash equivalents	(13,412)	(877)
Decrease in cash and cash equivalents	(51,027)	(12,432)
Cash and cash equivalents:
As of January 1	377,615	295,203
As of June 30	$ 326,588	$ 282,771

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Fair Value Measurements

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurements

5. Fair Value Measurements

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date.

The Company utilizes a valuation hierarchy for disclosure of the inputs to the valuations used to measure fair value. This hierarchy prioritizes the inputs into three broad levels as follows. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument. Level 3 inputs are unobservable inputs based on the Company’s own assumptions used to measure assets and liabilities at fair value. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement.

The following table provides the Company’s assets that are measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014, consistent with the fair value hierarchy:

	June 30, 2015		December 31, 2014
	Fair Value		Fair Value
	(In thousands)
Fixed-income investments	$	9,127	$	9,219

The fair value of fixed-income investments, which are valued as level 1 investments, was based on quoted market prices. The fixed-income investments are shown as a component of long-term assets on the consolidated balance sheet.

For the six months ended June 30, 2015, gains and losses on the investments noted above were not significant. No transfers between level 1 and level 2 investments occurred during the six months ended June 30, 2015.

Financial Instruments

Cash, cash equivalents and fixed-income investments are recorded at fair value at June 30, 2015 and December 31, 2014 in the accompanying consolidated balance sheet.

The following table provides the estimated fair values of the Company’s financial instrument liabilities, for which fair value is measured for disclosure purposes only, compared to the recorded amounts at June 30, 2015 and December 31, 2014:

	June 30, 2015						December 31, 2014
	Recorded Amount			Fair Value			Recorded Amount			Fair Value
	(In thousands)
Short-term borrowings	$	—		$	—		$	(88,100	)	$	(88,100	)
Long-term debt (including current portion)		(1,665,809	)		(1,766,623	)		(1,625,926	)		(1,768,439	)

The fair value of short-term borrowings approximates the carrying value. Short-term borrowings are valued as level 2 investments as they are corroborated by observable market data. The Company’s long-term debt is all privately held with no public market for this debt, therefore, the fair value of long-term debt was computed based on comparable current market data for similar debt instruments and is considered to be a level 3 liability.

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Contingencies - Additional Information (Detail) $ in Millions		6 Months Ended
	Jun. 30, 2015 USD ($)	Jun. 30, 2015 USD ($) site	Dec. 31, 2014 USD ($)
Site Contingency [Line Items]
Number of non-owned sites Company is named Potentially Responsible Party | site		14
Number of non-owned sites the Company is identified as a de minimis party | site		13
Number of non-owned sites Company has reached tentative settlement agreement | site		9
Number of non-owned sites Company is still working to establish settlement amount | site		4
Total environmental reserves	$ 33.2	$ 33.2	$ 26.6
Increase (decrease) in environmental reserves		9.2
Total expenses related to environmental matters		2.6
HCC Industries [Member]
Site Contingency [Line Items]
Reserves related to an owned site acquired	11.8	11.8	$ 11.7
Receivables related to HCC for probable recoveries from third-party funds	10.0	10.0
Amount for which the Company is indemnified by HCC's former owners	$ 19.0
Global Tubes [Member]
Site Contingency [Line Items]
Increase (decrease) in environmental reserves		$ 8.4

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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value of Assets Measured on Recurring Basis

The following table provides the Company’s assets that are measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014, consistent with the fair value hierarchy:

	June 30, 2015		December 31, 2014
	Fair Value		Fair Value
	(In thousands)
Fixed-income investments	$	9,127	$	9,219

Fair Value Disclosures of Financial Instrument Liabilities

The following table provides the estimated fair values of the Company’s financial instrument liabilities, for which fair value is measured for disclosure purposes only, compared to the recorded amounts at June 30, 2015 and December 31, 2014:

	June 30, 2015						December 31, 2014
	Recorded Amount			Fair Value			Recorded Amount			Fair Value
	(In thousands)
Short-term borrowings	$	—		$	—		$	(88,100	)	$	(88,100	)
Long-term debt (including current portion)		(1,665,809	)		(1,766,623	)		(1,625,926	)		(1,768,439	)

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Fair Value Measurements - Additional Information (Detail)	Jun. 30, 2015 USD ($)
Fair Value Disclosures [Abstract]
Transfers between level 1 and level 2 investments	$ 0

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Contingencies

6 Months Ended

Jun. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

Contingencies

15. Contingencies

Asbestos Litigation

The Company (including its subsidiaries) has been named as a defendant, along with many other companies, in a number of asbestos-related lawsuits. Many of these lawsuits either relate to businesses which were acquired by the Company and do not involve products which were manufactured or sold by the Company or relate to previously owned businesses of the Company which are under new ownership. In connection with many of these lawsuits, the sellers or new owners of such businesses, as the case may be, have agreed to indemnify the Company against these claims (the “Indemnified Claims”). The Indemnified Claims have been tendered to, and are being defended by, such sellers and new owners. These sellers and new owners have met their obligations, in all respects, and the Company does not have any reason to believe such parties would fail to fulfill their obligations in the future; however, one of these companies filed for bankruptcy liquidation in 2007. To date, no judgments have been rendered against the Company as a result of any asbestos-related lawsuit. The Company believes it has strong defenses to the claims being asserted and intends to continue to vigorously defend itself in these matters.

Environmental Matters

Certain historic processes in the manufacture of products have resulted in environmentally hazardous waste by-products as defined by federal and state laws and regulations. At June 30, 2015, the Company is named a Potentially Responsible Party (“PRP”) at 14 non-AMETEK-owned former waste disposal or treatment sites (the “non-owned” sites). The Company is identified as a “de minimis” party in 13 of these sites based on the low volume of waste attributed to the Company relative to the amounts attributed to other named PRPs. In nine of these sites, the Company has reached a tentative agreement on the cost of the de minimis settlement to satisfy its obligation and is awaiting executed agreements. The tentatively agreed-to settlement amounts are fully reserved. In the other four sites, the Company is continuing to investigate the accuracy of the alleged volume attributed to the Company as estimated by the parties primarily responsible for remedial activity at the sites to establish an appropriate settlement amount. At the remaining site where the Company is a non-de minimis PRP, the Company is participating in the investigation and/or related required remediation as part of a PRP Group and reserves have been established sufficient to satisfy the Company’s expected obligations. The Company historically has resolved these issues within established reserve levels and reasonably expects this result will continue. In addition to these non-owned sites, the Company has an ongoing practice of providing reserves for probable remediation activities at certain of its current or previously owned manufacturing locations (the “owned” sites). For claims and proceedings against the Company with respect to other environmental matters, reserves are established once the Company has determined that a loss is probable and estimable. This estimate is refined as the Company moves through the various stages of investigation, risk assessment, feasibility study and corrective action processes. In certain instances, the Company has developed a range of estimates for such costs and has recorded a liability based on the low end of the range. It is reasonably possible that the actual cost of remediation of the individual sites could vary from the current estimates and the amounts accrued in the consolidated financial statements; however, the amounts of such variances are not expected to result in a material change to the consolidated financial statements. In estimating the Company’s liability for remediation, the Company also considers the likely proportionate share of the anticipated remediation expense and the ability of the other PRPs to fulfill their obligations.

Total environmental reserves at June 30, 2015 and December 31, 2014 were $33.2 million and $26.6 million, respectively, for both non-owned and owned sites. For the six months ended June 30, 2015, the Company recorded $9.2 million in reserves, of which $8.4 million was related to a 2015 business acquisition. These reserves relate to the estimated costs to remediate known environmental issues associated with the acquired business. Additionally, the Company spent $2.6 million on environmental matters for the six months ended June 30, 2015. The Company’s reserves for environmental liabilities at June 30, 2015 and December 31, 2014 include reserves of $11.8 million and $11.7 million, respectively, for an owned site acquired in connection with the 2005 acquisition of HCC Industries (“HCC”). The Company is the designated performing party for the performance of remedial activities for one of several operating units making up a Superfund site in the San Gabriel Valley of California. The Company has obtained indemnifications and other financial assurances from the former owners of HCC related to the costs of the required remedial activities. At June 30, 2015, the Company had $10.0 million in receivables related to HCC for probable recoveries from third-party escrow funds and other committed third-party funds to support the required remediation. Also, the Company is indemnified by HCC’s former owners for approximately $19.0 million of additional costs.

The Company has agreements with other former owners of certain of its acquired businesses, as well as new owners of previously owned businesses. Under certain of the agreements, the former or new owners retained, or assumed and agreed to indemnify the Company against, certain environmental and other liabilities under certain circumstances. The Company and some of these other parties also carry insurance coverage for some environmental matters. To date, these parties have met their obligations in all material respects.

The Company believes it has established reserves which are sufficient to perform all known responsibilities under existing claims and consent orders. The Company has no reason to believe that other third parties would fail to perform their obligations in the future. In the opinion of management, based upon presently available information and past experience related to such matters, an adequate provision for probable costs has been made and the ultimate cost resulting from these actions is not expected to materially affect the consolidated results of operations, financial position or cash flows of the Company.