Segment Information

3 Months Ended

Mar. 31, 2012

Segment Information [Abstract]

Segment Information

13. Segment Information

For management reporting and performance evaluation purposes, the Company categorizes its operating companies into four distinct reportable segments.  In the fourth quarter of 2011, the Company reorganized into four new business segments that are aligned with the key end-markets they serve: Communication Technologies, Energy, Engineered Systems and Printing & Identification.

Therefore, consistent with the requirements of segment reporting, the Company has revised its operating segments to align with the revised operating and management reporting structure.  All information for the prior period has been conformed to the current period presentation.

Segment financial information and a reconciliation of segment results to consolidated results follows:

	Three Months Ended March 31,
	2012			2011
REVENUE
Communication Technologies	$	357,575		$	269,582
Energy		531,570			425,424
Engineered Systems		822,124			723,267
Printing & Identification		352,332			394,627
Intra-segment eliminations		(237	)		(822	)
Total consolidated revenue	$	2,063,364		$	1,812,078
EARNINGS FROM CONTINUING OPERATIONS
Segment earnings:
Communication Technologies	$	46,556		$	47,325
Energy		132,115			93,051
Engineered Systems		122,092			98,235
Printing & Identification		32,605			54,637
Total segments		333,368			293,248
Corporate expense / other (1)		36,546			36,112
Net interest expense		30,027			28,318
Earnings from continuing operations before
provision for income taxes and discontinued operations		266,795			228,818
Provision for taxes		69,968			54,027
Earnings from continuing operations - total consolidated	$	196,827		$	174,791

(1)   Certain expenses are maintained at the corporate level and not allocated to the segments. These expenses include executive and functional compensation costs, non-service pension costs, non-operating insurance expenses, and various administrative expenses relating to the corporate headquarters.