Segment Information

9 Months Ended

Sep. 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 September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Revenue:
Energy	$	363,872		$	507,334		$	1,160,339		$	1,467,123
Engineered Systems	579,396			612,301			1,745,683			1,793,796
Fluids	352,018			361,797			1,043,765			1,053,081
Refrigeration & Food Equipment	492,460			528,807			1,312,672			1,462,657
Intra-segment eliminations	(164		)	(664		)	(748		)	(1,876		)
Total consolidated revenue	$	1,787,582		$	2,009,575		$	5,261,711		$	5,774,781
Earnings from continuing operations:
Segment earnings:
Energy	$	48,726		$	122,738		$	141,940		$	356,697
Engineered Systems	102,866			108,800			287,717			293,793
Fluids	74,911			67,559			199,713			188,613
Refrigeration & Food Equipment	76,665			78,012			178,547			207,800
Total segments	303,168			377,109			807,917			1,046,903
Corporate expense / other (1)	25,881			27,815			80,789			87,836
Net interest expense	31,983			31,231			96,008			95,847
Earnings before provision for income taxes and discontinued operations	245,304			318,063			631,120			863,220
Provision for taxes	58,821			92,380			171,813			256,915
Earnings from continuing operations	$	186,483		$	225,683		$	459,307		$	606,305

(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.