Segment Information

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Segment Information

15. 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,
	2016			2015			2016			2015
Revenue:
Energy	$	259,008		$	366,044		$	542,238		$	796,467
Engineered Systems	592,432			593,091			1,169,427			1,166,287
Fluids	405,838			351,511			804,900			691,747
Refrigeration & Food Equipment	429,386			448,115			792,638			820,212
Intra-segment eliminations	(319		)	(133		)	(585		)	(584		)
Total consolidated revenue	$	1,686,345		$	1,758,628		$	3,308,618		$	3,474,129
Earnings from continuing operations:
Segment (loss) earnings:
Energy	$	(75	)	$	40,909		$	11,169		$	93,214
Engineered Systems	104,034			96,702			197,782			184,851
Fluids	54,033			70,168			100,080			124,802
Refrigeration & Food Equipment	63,230			65,732			101,391			101,882
Total segments	221,222			273,511			410,422			504,749
Corporate expense / other (1)	24,566			20,382			54,428			54,908
Net interest expense	32,157			31,988			63,871			64,025
Earnings before provision for income taxes and discontinued operations	164,499			221,141			292,123			385,816
Provision for taxes	46,209			65,507			74,477			112,992
Earnings from continuing operations	$	118,290		$	155,634		$	217,646		$	272,824

⁽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.