Acquisitions (Tables)

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

The following presents the allocation of acquisition cost to the assets acquired and liabilities assumed, based on their estimated fair values:



	Accelerated			Other Acquisitions			Total
Current assets, net of cash acquired	$	133,475		$	74,712		$	208,187
Property, plant and equipment	51,070			6,199			57,269
Goodwill	222,808			209,330			432,138
Intangible assets	131,200			163,727			294,927
Current liabilities assumed	(43,935		)	(36,425		)	(80,360		)
Non-current liabilities assumed, principally deferred taxes	(58,896		)	(51,011		)	(109,907		)
Net assets acquired	$	435,722		$	366,532		$	802,254

The following presents the allocation of acquisition cost to the assets acquired and liabilities assumed, based on their estimated fair values:



Current assets, net of cash acquired	$	98,641
Property, plant and equipment	33,403
Goodwill	141,888
Intangible assets	149,228
Other non-current assets, principally deferred taxes	2,622
Current liabilities assumed	(58,052		)
Non-current liabilities assumed, principally deferred taxes	(44,892		)
Net assets acquired	$	322,838

Schedule Of Acquired Intangible Assets By Major Class Text Block [Table Text Block]

The amounts assigned to goodwill and major intangible asset classifications by applicable segment for the 2014 acquisitions are as follows:



	Energy		Engineered Systems		Fluids		Refrigeration & Food Equipment		Total		Useful life (in years)
Goodwill - Tax deductible	$	10,835	$	—	$	184	$	1,022	$	12,041	na
Goodwill - Non deductible	314,604		80,581		24,912		—		420,097		na
Customer intangibles	198,200		22,843		23,273		600		244,916		12
Trademarks	19,300		6,594		2,125		—		28,019		11
Patents	—		878		—		500		1,378		8
Other intangibles and assets	5,900		10,374		4,340		—		20,614		6
	$	548,839	$	121,270	$	54,834	$	2,122	$	727,065

Pro forma results of operations

The following unaudited pro forma information illustrates the effect on the Company’s revenue and earnings from continuing operations for years ended December 31, 2014 and 2013, assuming that the 2014 acquisitions had taken place at the beginning of 2013. As a result, the supplemental pro forma earnings reflect adjustments to earnings from continuing operations as reported in the Consolidated Statements of Earnings to exclude $11,558 of nonrecurring expense related to the fair value adjustments to acquisition-date inventory (after-tax) and $3,502 of acquisition-related costs (after-tax) from the year ended December 31, 2014. The supplemental pro forma earnings for the comparable 2013 period were adjusted to include these charges as if they were incurred at the beginning of 2012. The 2014 and 2013 supplemental pro forma earnings are also adjusted to reflect the comparable impact of additional depreciation and amortization expense (net of tax) resulting from the fair value measurement of tangible and intangible assets relating to 2014 and 2013 acquisitions.



	Years Ended December 31,
	2014		2013
Revenue from continuing operations:
As reported	$	7,752,728	$	7,155,096
Pro forma	7,987,639		7,602,756
Earnings from continuing operations:
As reported	$	778,140	$	797,527
Pro forma	806,321		794,823
Basic earnings per share from continuing operations:
As reported	$	4.67	$	4.66
Pro forma	4.84		4.64
Diluted earnings per share from continuing operations:
As reported	$	4.61	$	4.60
Pro forma	4.78		4.58