Revenue Revenue (Tables)

6 Months Ended

Jun. 30, 2018

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table presents revenue disaggregated by end market and segment:

	Three Months Ended June 30,			Six Months Ended June 30,
	2018			2018
Printing & Identification	$	299,834		$	582,356
Industrials	403,155			792,259
Total Engineered Systems segment	702,989			1,374,615
Fueling & Transport	363,355			682,659
Pumps	173,306			335,615
Process Solutions	157,005			303,490
Total Fluids segment	693,666			1,321,764
Refrigeration	330,232			608,887
Food Equipment	71,534			131,114
Total Refrigeration & Food Equipment segment	401,766			740,001
Intra-segment eliminations	(327		)	(615		)
Total Consolidated Revenue	$	1,798,094		$	3,435,765

Revenue from External Customers by Geographic Areas [Table Text Block]

The following table presents revenue disaggregated by geography based on the location of the Company's customer:

	Three Months Ended June 30,		Six Months Ended June 30,
	2018		2018
United States	$	932,207	$	1,785,209
Europe	402,234		789,412
Asia	219,032		413,635
Other Americas	168,197		301,341
Other	76,424		146,168
Total	$	1,798,094	$	3,435,765

Contract with Customer, Asset and Liability [Table Text Block]

The following table provides information about contract assets and contract liabilities from contracts with customers:

	June 30, 2018		At Adoption
Contract assets	$	13,803	$	11,932
Contract liabilities - current	44,992		48,268
Contract liabilities - non-current	10,305		9,916

Contract assets primarily relate to the Company's right to consideration for work completed but not billed at the reporting date and are recorded in Prepaid and other current assets in the Condensed Consolidated Balance Sheet. Contract assets are transferred to receivables when the right to consideration becomes unconditional. Contract liabilities relate to advance consideration received from customers for which revenue has not been recognized. Current contract liabilities are recorded in Other accrued expenses and non-current contract liabilities are recorded in Other liabilities in the Condensed Consolidated Balance Sheet. Contract liabilities are reduced when the associated revenue from the contract is recognized.

Significant changes in contract assets and liabilities balances during the period are as follows:

	Contract Assets
Opening balance at January 1, 2018	$	11,932
Cumulative catch-up adjustment upon transition	356
Changes in the estimate of the stage of completion	7,211
Transferred to receivables from contract assets recognized during the period	(5,618		)
Other	(78		)
Closing balance at June 30, 2018	$	13,803

	Contract Liabilities
Opening balance at January 1, 2018	$	58,184
Cumulative catch-up adjustment upon transition	—
Revenue recognized that was included in the contract liability balance at the beginning of the period	(39,484		)
Increases due to cash received, excluding amounts recognized as revenue during the period	36,271
Other	326
Closing balance at June 30, 2018	$	55,297