Segment Information (Tables)

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Revenue and earnings from continuing operations by market segment

	Three Months Ended March 31,
	2017			2016
Revenue:
Energy	$	324,088		$	283,230
Engineered Systems	607,635			576,995
Fluids	525,195			399,062
Refrigeration & Food Equipment	356,834			363,252
Intra-segment eliminations	(380		)	(266		)
Total consolidated revenue	$	1,813,372		$	1,622,273
Earnings:
Segment earnings: (1)
Energy	$	41,691		$	11,244
Engineered Systems	174,398			93,748
Fluids	52,639			46,047
Refrigeration & Food Equipment	33,562			38,161
Total segment earnings	302,290			189,200
Corporate expense / other (2)	36,489			29,862
Interest expense	36,409			33,318
Interest income	(2,580		)	(1,604		)
Earnings before provision for income taxes	231,972			127,624
Provision for income taxes	59,725			28,268
Net earnings	$	172,247		$	99,356

(1) Segment earnings includes non-operating income and expense directly attributable to the segments. Non-operating income and expense includes gain on sale of businesses and other income, net.

(2) 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.