Segment Information

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Information

16. Segment Information

For management reporting and performance evaluation purposes, the Company categorizes its operating companies into four distinct reportable segments. Segment financial information and a reconciliation of segment results to consolidated results follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
REVENUE:
Communication Technologies	$	401,477		$	361,689		$	774,267		$	719,264
Energy	573,471			538,786			1,134,669			1,070,356
Engineered Systems	1,003,895			886,123			1,871,828			1,708,247
Printing & Identification	250,646			251,875			488,523			495,445
Intra-segment eliminations	(726		)	(184		)	(951		)	(409		)
Total consolidated revenue	$	2,228,763		$	2,038,289		$	4,268,336		$	3,992,903
EARNINGS FROM CONTINUING OPERATIONS:
Segment earnings:
Communication Technologies	$	51,789		$	50,322		$	95,997		$	96,878
Energy	132,926			133,936			272,471			266,051
Engineered Systems	165,440			133,808			282,618			255,900
Printing & Identification	35,967			28,918			65,719			55,007
Total segments	386,122			346,984			716,805			673,836
Corporate expense / other (1)	38,341			36,335			72,104			72,881
Net interest expense	30,280			29,715			60,524			59,746
Earnings from continuing operations before provision for income taxes and discontinued operations	317,501			280,934			584,177			541,209
Provision for taxes	23,149			75,778			92,836			149,644
Earnings from continuing operations	$	294,352		$	205,156		$	491,341		$	391,565

(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. The second quarter of 2013 includes one-time transaction costs associated with the Knowles spin off of $3,322.