Segment Information

6 Months Ended

Jun. 30, 2012

Segment Reporting [Abstract]

Segment Information

14. 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 June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
REVENUE:
Communication Technologies	$	361,689		$	288,843		$	719,264		$	558,425
Energy	538,786			454,327			1,070,356			879,751
Engineered Systems	886,123			823,180			1,708,247			1,546,447
Printing & Identification	370,173			429,497			722,505			824,124
Intra-segment eliminations	(263		)	(877		)	(500		)	(1,699		)
Total consolidated revenue	$	2,156,508		$	1,994,970		$	4,219,872		$	3,807,048
EARNINGS FROM CONTINUING OPERATIONS:
Segment earnings:
Communication Technologies	$	50,322		$	54,527		$	96,878		$	101,852
Energy	133,936			110,447			266,051			203,498
Engineered Systems	133,808			128,570			255,900			226,805
Printing & Identification	41,674			67,967			74,279			122,604
Total segments	359,740			361,511			693,108			654,759
Corporate expense / other (1)	36,335			35,391			72,881			71,503
Net interest expense	29,717			28,157			59,744			56,475
Earnings from continuing operations before provision for income taxes and discontinued operations	293,688			297,963			560,483			526,781
Provision for taxes	80,786			58,765			150,754			112,792
Earnings from continuing operations	$	212,902		$	239,198		$	409,729		$	413,989

(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.