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SEGMENT INFORMATION (Table)
6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Schedule Of Segment Reporting Information By Segment
 
(In thousands)
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
Net sales
 
 
 
 
 
 
 
Flow Control
$
321,069

 
$
274,653

 
$
631,684

 
$
541,444

Controls
217,965

 
183,678

 
422,932

 
351,823

Surface Technologies
80,226

 
71,067

 
158,133

 
141,156

Less: Intersegment revenues
(1,573
)
 
(3,012
)
 
(2,375
)
 
(6,376
)
Total consolidated
$
617,687

 
$
526,386

 
$
1,210,374

 
$
1,028,047

 
 
 
 
 
 
 
 
Operating income (expense)
 

 
 

 
 

 
 

Flow Control
$
27,704

 
$
18,614

 
$
51,838

 
$
37,141

Controls
27,425

 
23,527

 
39,522

 
36,456

Surface Technologies
14,735

 
5,937

 
26,828

 
15,793

Corporate and eliminations (1)
(12,076
)
 
(7,538
)
 
(22,374
)
 
(13,291
)
Total consolidated
$
57,788

 
$
40,540

 
$
95,814

 
$
76,099


(1) Corporate and eliminations includes pension expense, environmental remediation and administrative expenses, legal, foreign currency transactional gains and losses, and other expenses.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
Operating income by reportable segment and the reconciliation to income from continuing operations before income taxes are as follows:
 
 
(In thousands)
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
Total operating income
$
57,788

 
$
40,540

 
$
95,814

 
$
76,099

Interest expense
(9,332
)
 
(6,526
)
 
(17,991
)
 
(13,008
)
Other income, net
224

 
130

 
698

 
232

Earnings from continuing operations before income taxes
$
48,680

 
$
34,144

 
$
78,521

 
$
63,323

Reconciliation Of Assets From Segment To Consolidated
 
(In thousands)
 
June 30, 2013
 
December 31, 2012
Identifiable assets
 
 
 
Flow Control
$
1,525,234

 
$
1,417,047

Controls
1,342,433

 
1,365,112

Surface Technologies
307,415

 
302,079

Corporate and Other
53,859

 
30,350

Total consolidated
$
3,228,941

 
$
3,114,588