Acquisitions	3 Months Ended
Mar. 31, 2017
Business Combinations [Abstract]
Acquisitions	Acquisitions Effective April 3, 2017, the Company acquired a 35% investment in the Inenco Group for approximately $70 million from Conbear Holdings Pty Limited ("Conbear"). The acquisition was funded with the Company’s cash on hand and the funds were in escrow as of March 31, 2017. The funds are classified as prepaid expenses and other current assets in the condensed consolidated balance sheet and acquisition and other investing activities on the condensed consolidated statement of cash flows. The Inenco Group, which is headquartered in Sydney, Australia, is an industrial distributor of bearings, power transmissions, and seals in Australasia, with annual revenues of approximately $325 million and 161 locations across Australia and New Zealand, as well as an emerging presence in Asia. The Company and Conbear both have an option to acquire or sell, respectively, the remaining 65% of Inenco at a later date contingent upon certain conditions being satisfied. However, there can be no guarantee that such conditions will be met or, if they are met, whether either company would exercise its option.

Acquisitions

3 Months Ended

Mar. 31, 2017

Effective April 3, 2017, the Company acquired a 35% investment in the Inenco Group for approximately $70 million from Conbear Holdings Pty Limited ("Conbear"). The acquisition was funded with the Company’s cash on hand and the funds were in escrow as of March 31, 2017. The funds are classified as prepaid expenses and other current assets in the condensed consolidated balance sheet and acquisition and other investing activities on the condensed consolidated statement of cash flows. The Inenco Group, which is headquartered in Sydney, Australia, is an industrial distributor of bearings, power transmissions, and seals in Australasia, with annual revenues of approximately $325 million and 161 locations across Australia and New Zealand, as well as an emerging presence in Asia.

The Company and Conbear both have an option to acquire or sell, respectively, the remaining 65% of Inenco at a later date contingent upon certain conditions being satisfied. However, there can be no guarantee that such conditions will be met or, if they are met, whether either company would exercise its option.