Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Schedule of Foreign Currency Transaction Gains and Losses

The following table summarizes foreign currency transaction gains and losses recognized in the income statement:

(in thousands)	2013	2012	2011
Losses/(gains) included in:
Selling, general, and administrative expenses	$341	$1,642	($2,677)
Other expense/(income), net	5,227	5,708	(84)
Total transaction losses/(gains)	$5,568	$7,350	($2,761)

Schedule of Accounts Receivable

As of December 31, 2013 and 2012, Accounts receivable consisted of the following:

(in thousands)	2013		2012
Trade accounts receivable	$154,296		$149,737
Revenue in excess of progress billings	20,525		17,105
Receivables related to the sale of discontinued businesses	-		16,555
Less: allowance for doubtful accounts	(11,274	)	(11,862	)
Total Accounts receivable	$163,547		$171,535

Schedule of Inventories

As of December 31, 2013 and 2012, inventories consisted of the following:

(in thousands)	2013	2012
Raw materials	$25,754	$25,082
Work in process	45,998	44,866
Finished goods	40,987	49,235
Total inventories	$112,739	$119,183