Segment Information

6 Months Ended

Jun. 30, 2015

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 is as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Revenue:
Energy	$	366,044		$	481,016		$	796,467		$	959,789
Engineered Systems	593,091			613,821			1,166,287			1,181,495
Fluids	351,511			346,275			691,747			691,284
Refrigeration & Food Equipment	448,115			522,357			820,212			933,850
Intra-segment eliminations	(133		)	(833		)	(584		)	(1,212		)
Total consolidated revenue	$	1,758,628		$	1,962,636		$	3,474,129		$	3,765,206
Earnings from continuing operations:
Segment earnings:
Energy	$	40,909		$	114,991		$	93,214		$	233,959
Engineered Systems	96,702			101,766			184,851			184,993
Fluids	70,168			63,112			124,802			121,054
Refrigeration & Food Equipment	65,732			84,926			101,882			129,788
Total segments	273,511			364,795			504,749			669,794
Corporate expense / other (1)	20,382			29,287			54,908			60,021
Net interest expense	31,988			31,961			64,025			64,616
Earnings before provision for income taxes and discontinued operations	221,141			303,547			385,816			545,157
Provision for taxes	65,507			92,966			112,992			164,535
Earnings from continuing operations	$	155,634		$	210,581		$	272,824		$	380,622

(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.