2.2.0.7 false Commitments and Contingencies 0206 - Disclosure - Commitments and Contingencies true false false false 1 USD false false USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 Pure Standard http://www.xbrl.org/2003/instance pure xbrli 0 USDEPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 $ 2 Commitments and Contingencies [Abstract] 0 life_CommitmentsAndContingenciesAbstract life false na duration Commitments and Contingencies. false false false false false true false false false false false false 1 false false false false 0 0 false false false xbrli:stringItemType string Commitments and Contingencies. false 3 Commitments and Contingencies 1 us-gaap_CommitmentsAndContingenciesDisclosureTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false verboselabel false 1 false false false false 0 0   <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>6. Commitments and Contingencies</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt"><b><i>Letters of Credit</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The Company had outstanding letters of credit totaling $38.2 million at June 30, 2010, of which $11.7 million was to support liabilities associated with the Company’s self-insured worker’s compensation programs, $4.4 million was to support its building lease requirements, $18.7 million was to support performance bond agreements, and $3.4 million was to support duty on imported products. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Executive Employment Agreements</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The Company has employment contracts with key executives that provide for the continuation of compensation if terminated for reasons other than cause, as defined in those agreements. At June 30, 2010, future employment contract commitments for such key executives were approximately $35.2 million for the remainder of fiscal year 2010. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Contingent Acquisition Obligations</i></b> </div> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">     As a result of completed acquisitions, the Company may have payment obligations based on certain technological milestones, patent milestones and the achievement of future gross sales of the acquired companies. Some of the purchase agreements the Company has entered into do not limit the payments to a maximum amount, or restrict the payments deadline. For acquisitions which occurred prior to January 1, 2009 and are accounted for under SFAS 141, <i>Business Combinations</i>, the Company will account for any such contingent payments as an addition to the purchase price of the acquired company. <font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif"> For acquisitions which occurred subsequent to January 1, 2009 and are accounted for under <i>ASC Topic 805, Business Combinations</i>, these obligations will be accounted for at fair value at the time of acquisition with subsequent revisions reflected in the Statement of Operations. </font> <font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif"> The Company also completed several acquisitions in prior years which did not meet the definition of a business under the respective guidance. When the contingent considerations are earned for the acquisitions accounted for as asset purchases, such contingent payments will be expensed in accordance with the <i>ASC Topic 450, Contingencies</i>. During the six months ended June 30, 2010, $1.7 million of the contingent payments were earned and expensed. </font> </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Environmental Liabilities</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     As a result of the previous mergers and acquisitions, the Company assumed environmental exposures. At June 30, 2010, aggregate undiscounted environmental reserves were $8.3 million, including current reserves of $4.4 million. Some of the assumed environmental reserves are covered under insurance policies. At June 30, 2010, the Company had receivables of approximately $1.1 million, of which $1.0 million was included in other current assets, for expected reimbursements from these insurance policies. </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     Based upon currently available information, the Company believes that it has adequately provided for these environmental exposures and that the outcome of these matters will not have a material adverse effect on its Consolidated Statement of Operations. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Litigation</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The Company is subject to potential liabilities under government regulations and various claims and legal actions that are pending or may be asserted. These matters have arisen in the ordinary course and conduct of the Company’s business, as well as through acquisitions, and some are expected to be covered, at least partly, by insurance. Claim estimates that are probable and can be reasonably estimated are reflected as liabilities of the Company. The ultimate resolution of these matters is subject to many uncertainties. It is reasonably possible that some of the matters that are pending or may be asserted could be decided unfavorably to the Company. Although the amount of liability at June 30, 2010 with respect to these matters cannot be ascertained, the Company believes that any resulting liability should not materially affect its Consolidated Financial Statements. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Indemnifications</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     In the normal course of business, we enter into agreements under which we indemnify third parties for intellectual property infringement claims or claims arising from breaches of representations or warranties. In addition, from time to time, we provide indemnity protection to third parties for claims relating to past performance arising from undisclosed liabilities, product liabilities, environmental obligations, representations and warranties, and other claims. In these agreements, the scope and amount of remedy, or the period in which claims can be made, may be limited. It is not possible to determine the maximum potential amount of future payments, if any, due under these indemnities due to the conditional nature of the obligations and the unique facts and circumstances involved in each agreement. Payments made related to these indemnifications have not been and are not expected to be material to the Consolidated Financial Statements. </div> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b><i>Guarantees</i></b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The Company is a guarantor of a pension plan benefit which was assumed in conjunction with AB merger, thus such obligation is accounted for under <i>the ASC Topic 460, Guarantees</i>. As part of the divestiture of the Analytical Instruments business in fiscal 1999 by AB, the purchaser of the Analytical Instruments business is paying for the pension benefits for employees of a former German subsidiary. However, the Company was required to guarantee a payment of these pension benefits should the purchaser fail to do so, as these payment obligations were not transferable to the buyer under German law. The guaranteed payment obligation is approximated $50.1 million at June 30, 2010, which is not expected to have a material adverse effect on the Consolidated Financial Statements. </div> </div> </div>  <!-- Begin Block Tagged Note false false false us-types:textBlockItemType textblock Includes disclosure of commitments and contingencies. This element may be used as a single block of text to encapsulate the entire disclosure including data and tables. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Interpretation (FIN) -Number 14 -Paragraph 3 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 5 -Paragraph 9, 10, 11, 12 false 1 2 false UnKnown UnKnown UnKnown false true