ACQUISITIONS (Table)

12 Months Ended

Dec. 31, 2012

Acquisitions [Abstract]

ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock

(in thousands)
		2012		2011		2010
Accounts receivable	$	54,474	$	19,078	$	3,956
Inventory		52,215		23,813		3,052
Property, plant, and equipment		40,630		22,526		225
Other current assets		6,029		1,182		93
Intangible assets		183,481		53,717		14,792
Current and non-current liabilities		(45,288)		(13,510)		(3,671)
Pension and postretirement benefits		(8,144)		-		-
Deferred income taxes		(52,010)		-		(4,542)
Debt assumed		(13,819)		-		-
Holdback		-		(1,051)		-
Due to seller		(4,081)		(4,303)		-
Net tangible and intangible assets		213,487		101,452		13,905
(Gain on Bargain Purchase)		(910)		-		-
Purchase price		460,439		180,277		40,139
Goodwill	$	247,862	$	78,825	$	26,234

(In thousands)		AP Services			Cimarron		Other Flow		Total
Accounts receivable	$	3,364		$	21,706	$	-	$	25,070
Inventory		2,389			18,987		236		21,612
Property, plant, and equipment		3,488			8,222		-		11,710
Other current assets		204			618		-		822
Intangible assets		8,000			55,000		4,681		67,681
Current and non-current liabilities		(748)			(21,434)		-		(22,182)
Deferred income taxes		(3,424)			(17,851)		-		(21,275)
Due to seller		(297)			(366)		(664)		(1,327)
Net tangible and intangible assets		12,976			64,882		4,253		82,111
(Gain on bargain purchase)		-			-		(910)		(910)
Purchase price		30,886			132,665		6,625		170,176
Goodwill	$	17,910		$	67,783	$	3,282	$	88,975
Goodwill tax deductible		Yes	(1)		No		Yes

(In thousands)		Anatec		Douglas		Total
Accounts receivable	$	4,685	$	945	$	5,630
Inventory		-		10,914		10,914
Property, plant, and equipment		1,581		619		2,200
Other current assets		185		309		494
Intangible assets		14,936		6,697		21,633
Current liabilities		(818)		(5,038)		(5,856)
Net tangible and intangible assets		20,569		14,446		35,015
Purchase price		35,201		20,094		55,295
Goodwill	$	14,632	$	5,648	$	20,280
Goodwill tax deductible		Yes		Yes

(In thousands)	PG Drives		Williams Controls		Exlar		Total
Accounts receivable	$	7,596	$	10,383	$	5,852	$	23,831
Inventory		10,541		10,434		8,039		29,014
Property, plant, and equipment		1,589		16,137		4,177		21,903
Other current assets		220		4,552		435		5,207
Intangible assets		25,200		44,000		37,200		106,400
Current and non-current liabilities		(4,739)		(11,958)		(5,971)		(22,668)
Pension and postretirement benefits		-		(8,144)		-		(8,144)
Deferred income taxes		-		(15,736)		(14,999)		(30,735)
Debt assumed		-		(13,819)		-		(13,819)
Net tangible and intangible assets		40,407		35,849		34,733		110,989
Purchase price		63,219		110,433		84,311		257,963
Goodwill	$	22,812	$	74,584	$	49,578	$	146,974
Goodwill tax deductible		Yes		No		No

(In thousands)	South Bend		ACRA		PSI		Total
Accounts receivable	$	1,635	$	8,901	$	862	$	11,398
Inventory		2,990		6,539		1,856		11,385
Property, plant, and equipment		727		1,600		2,100		4,427
Other current assets		32		456		67		555
Intangible assets		3,500		17,054		4,700		25,254
Current and non-current liabilities		(648)		(6,048)		(190)		(6,886)
Deferred income taxes		-		(2,303)		-		(2,303)
Net tangible and intangible assets		8,236		26,199		9,395		43,830
Purchase price		11,175		61,053		13,503		85,731
Goodwill	$	2,939	$	34,854	$	4,108	$	41,901
Goodwill tax deductible		Yes		No		Yes

(In thousands)	SES		Hybricon		Total
Accounts receivable	$	1,683	$	2,273	$	3,956
Inventory		977		2,075		3,052
Property, plant, and equipment		74		151		225
Other current assets		25		68		93
Intangible assets		8,115		6,677		14,792
Current and non-current liabilities		(2,251)		(1,420)		(3,671)
Deferred income taxes		(2,255)		(2,287)		(4,542)
Net tangible and intangible assets		6,368		7,537		13,905
Purchase price		21,163		18,976		40,139
Goodwill	$	14,795	$	11,439	$	26,234
Goodwill tax deductible		No		No

(In thousands)	Gartner
Accounts receivable	$	5,573
Inventory		1,589
Property, plant, and equipment		7,017
Intangible assets		9,400
Current and non-current liabilities		(438)
Due to seller		(2,754)
Net tangible and intangible assets		20,387
Purchase price		32,300
Goodwill	$	11,913
Goodwill tax deductible		Yes

(In thousands)	BASF		IMR		Total
Accounts receivable	$	-	$	2,050	$	2,050
Inventory		1,514		-		1,514
Property, plant, and equipment		12,774		3,125		15,899
Other current assets		-		133		133
Intangible assets		3,000		3,830		6,830
Current liabilities		(263)		(505)		(768)
Other liabilities		-		(1,051)		(1,051)
Due to seller		-		(2,000)		(2,000)
Net tangible and intangible assets		17,025		5,582		22,607
Purchase price		20,501		18,750		39,251
Goodwill	$	3,476	$	13,168	$	16,644
Goodwill tax deductible		Yes		Yes

BusinessAcquisitionProFormaInformationTextBlock

(In thousands, except per share data)		2012		2011
Net sales	$	2,408,117	$	2,317,776
Net earnings from continuing operations		103,107		112,478
Diluted earnings per share from continuing operations		2.17		2.39