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DOCUMENT AND ENTITY INFORMATION - USD ($) $ in Millions	12 Months Ended
DOCUMENT AND ENTITY INFORMATION - USD ($) $ in Millions	Dec. 31, 2012	Feb. 04, 2013	Jun. 29, 2012
Entity Registrant Name	Colfax CORP
Entity Central Index Key	0001420800
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Trading Symbol	cfx
Entity Common Stock Shares Outstanding		94,079,104
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2012
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2012
Entity Well-Known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 1,550

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Net sales	$ 3,913,856	$ 693,392	$ 541,987
Cost of sales	2,761,731	453,293	350,579
Gross profit	1,152,125	240,099	191,408
Selling, general and administrative expense	895,452	162,761	133,507
Charter acquisition-related expense	43,617	31,052	0
Restructuring and other related charges	60,060	9,680	10,323
Asbestos coverage litigation expense	12,987	10,700	13,206
Operating income	140,009	25,906	34,372
Interest expense	91,570	5,919	6,684
Income before income taxes	48,439	19,987	27,688
Provision for income taxes	90,703	15,432	11,473
Net (loss) income	(42,264)	4,555	16,215
Less: income attributable to noncontrolling interest, net of taxes	22,138	0	0
Net (loss) income attributable to Colfax Corporation	(64,402)	4,555	16,215
Dividends on preferred stock	18,951	0	0
Net (loss) income available to Colfax Corporation common shareholders	$ (83,353)	$ 4,555	$ 16,215
Net (loss) income per share - basic and diluted (in dollars per share)	$ (0.92)	$ 0.10	$ 0.37

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Net (loss) income attributable to Colfax Corporation	$ (64,402)	$ 4,555	$ 16,215
Other comprehensive income (loss):
Foreign currency translation, net of tax of $(304), $(18), and $(1,224)	117,703	(11,465)	(8,260)
Unrealized loss on hedging activities, net of tax of $632, $0, and $0	(4,008)	(161)	(1,201)
Changes in unrecognized pension and other post-retirement benefits cost, net of tax of $(5,835), $(654), and $(1,717)	(91,495)	(34,291)	(18,690)
Amounts reclassified to net (loss) income:
Realized loss on hedging activities, net of tax of $0, $0, and $0	471	1,479	2,447
Pension and other post-retirement benefit cost, net of tax of $256, $114, and $89	8,557	4,160	4,986
Other comprehensive income (loss)	31,228	(40,278)	(20,718)
Less: other comprehensive income attributable to noncontrolling interest, net of tax of $0, $0 and $0	4,385	0	0
Other comprehensive income (loss) attributable to Colfax Corporation	26,843	(40,278)	(20,718)
Comprehensive loss attributable to Colfax Corporation common shareholders	$ (37,559)	$ (35,723)	$ (4,503)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS [Parenthetical] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Foreign currency translation, tax	$ (304)	$ (18)	$ (1,224)
Unrealized (gain) loss on hedging activities, tax	632	0	0
Changes in unrecognized pension and other postretirement benefits cost, tax	(5,835)	(654)	(1,717)
Realized loss on hedging activities, tax	0	0	0
Net pension and other postretirement benefit cost, tax	256	114	89
Other comprehensive income attributable to noncontrolling interest, tax	$ 0	$ 0	$ 0

- Definition

Tax effect of the income statement impact of the reclassification adjustment of accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges realized in net income. Also includes reclassification adjustments of an entity's share of an equity investee's deferred hedging gain (loss) realized in net income.

+ References + Details

- Definition

Tax effect of other comprehensive income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(3)
-URI http://asc.fasb.org/extlink&oid=18733093&loc=SL4573702-111684

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4569643-111683

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=7656940&loc=SL4569616-111683

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 30
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 29
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(3)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 482,449	$ 75,108
Trade receivables, less allowance for doubtful accounts of $16,464 and $2,578	873,382	117,475
Inventories, net	493,649	56,136
Other current assets	281,302	102,489
Total current assets	2,130,782	351,208
Property, plant and equipment, net	688,570	90,939
Goodwill	2,074,230	204,844
Intangible assets, net	779,049	41,029
Other assets	457,096	400,523
Total assets	6,129,727	1,088,543
LIABILITIES AND EQUITY
Current portion of long-term debt	34,799	10,000
Accounts payable	699,626	54,035
Accrued liabilities	441,033	176,007
Total current liabilities	1,175,458	240,042
Long-term debt, less current portion	1,693,512	101,518
Other liabilities	1,104,471	557,708
Total liabilities	3,973,441	899,268
Equity:
Preferred stock, $0.001 par value; 20,000,000 and 10,000,000 shares authorized; 13,877,552 and none issued and outstanding	14	0
Common stock, $0.001 par value; 400,000,000 and 200,000,000 shares authorized; 94,067,418 and 43,697,570 issued and outstanding	94	44
Additional paid-in capital	2,197,694	415,527
Accumulated deficit	(138,856)	(55,503)
Accumulated Other Comprehensive Income (Loss), Net Of Tax	(146,594)	(170,793)
Total Colfax Corporation equity	1,912,352	189,275
Noncontrolling interest	243,934	0
Total equity	2,156,286	189,275
Total liabilities and equity	$ 6,129,727	$ 1,088,543

CONSOLIDATED BALANCE SHEETS [Parenthetical] - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Trade receivables, allowance for doubtful accounts (in dollars)	$ 16,464	$ 2,578
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	10,000,000
Preferred stock, shares issued	13,877,552	0
Preferred stock, shares outstanding	13,877,552	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	400,000,000	200,000,000
Common stock, shares issued	94,067,418	43,697,570
Common stock, shares outstanding	94,067,418	43,697,570

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2009	$ 43	$ 0	$ 402,852	$ (76,273)	$ (109,797)	$ 0	$ 216,825
Balance (in shares) at Dec. 31, 2009	43,413,553	0
Net (loss) income	$ 0	$ 0	0	16,215	0	0	16,215
ESAB India repurchase of additional noncontrolling interest							0
Other comprehensive income (loss)	0	0	0	0	(20,718)	0	(20,718)
Common stock-based award activity	0	0	4,049	0	0	0	4,049
Balance at Dec. 31, 2010	$ 43	$ 0	406,901	(60,058)	(130,515)	0	216,371
Balance (in shares) at Dec. 31, 2010	43,413,553	0
Net (loss) income	$ 0	$ 0	0	4,555	0	0	4,555
ESAB India repurchase of additional noncontrolling interest							0
Other comprehensive income (loss)	0	0	0	0	(40,278)	0	(40,278)
Common stock-based award activity	$ 1	$ 0	8,626	0	0	0	8,627
Common stock-based award activity (in shares)	284,017	0
Balance at Dec. 31, 2011	$ 44	$ 0	415,527	(55,503)	(170,793)	0	189,275
Balance (in shares) at Dec. 31, 2011	43,697,570	0
Net (loss) income	$ 0	$ 0	0	(64,402)	0	22,138	(42,264)
Acquisitions	0	0	0	0	0	259,229	259,229
Sale of stock of entity previously controlled	0	0	0	0	0	(4,414)	(4,414)
Distributions to noncontrolling owners	0	0	0	0	0	(9,721)	(9,721)
ESAB India repurchase of additional noncontrolling interest	0	0	1,035	0	(2,644)	(27,683)	29,292
Preferred stock dividend	0	0	0	(18,951)	0	0	(18,951)
Other comprehensive income (loss)	0	0	0	0	26,843	4,385	31,228
Common stock issuances, net of costs of $20.2 million	$ 50	$ 0	1,432,921	0	0	0	1,432,971
Common stock issuances, net of costs of $20.2 million (in shares)	49,917,786	0
Preferred stock issuance, net of costs of $7.0 million	$ 0	$ 14	332,958	0	0	0	332,972
Preferred stock issuance, net of costs of $7.0 million (in shares)	0	13,877,552
Common stock-based award activity	$ 0	$ 0	15,253	0	0	0	15,253
Common stock-based award activity (in shares)	452,062	0
Balance at Dec. 31, 2012	$ 94	$ 14	$ 2,197,694	$ (138,856)	$ (146,594)	$ 243,934	$ 2,156,286
Balance (in shares) at Dec. 31, 2012	94,067,418	13,877,552

CONSOLIDATED STATEMENTS OF EQUITY [Parenthetical] $ in Thousands	12 Months Ended
	Dec. 31, 2012 USD ($)
Stock issuance costs	$ 14,700
Other comprehensive income, other, net of tax	5,300
Common Stock [Member]
Stock issuance costs	20,200
Preferred Stock [Member]
Stock issuance costs	$ 7,000

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Cash flows from operating activities:
Net (loss) income	$ (42,264)	$ 4,555	$ 16,215
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation, amortization and fixed asset impairment charges	200,400	23,333	16,807
Stock-based compensation expense	9,373	4,908	3,137
Unrealized loss on acquisition-related foreign currency derivatives	0	21,146	0
Deferred income tax expense (benefit)	7,222	(1,722)	(296)
Changes in operating assets and liabilities, net of acquisitions:
Trade receivables, net	(37,338)	(5,972)	(6,060)
Inventories, net	26,694	10,844	11,598
Accounts payable	88,927	(7,298)	12,615
Changes in other operating assets and liabilities	(88,715)	7,359	7,949
Net cash provided by operating activities	164,299	57,153	61,965
Cash flows from investing activities:
Purchase of fixed assets	(83,586)	(14,786)	(12,527)
Acquisitions, net of cash received	(1,859,645)	(56,346)	(27,960)
Proceeds from sale of stock of entity previously controlled	4,730	0	0
Cash contribution to unconsolidated entity	(2,873)	0	0
Proceeds from sale of fixed assets	399	1,162	74
Net cash used in investing activities	(1,940,975)	(69,970)	(40,413)
Cash flows from financing activities:
Borrowings under term credit facility	1,731,523	0	0
Payments under term credit facility	(531,415)	(10,000)	(8,750)
Proceeds from borrowings on revolving credit facilities	13,149	141,203	5,500
Repayments of borrowings on revolving credit facilities	(53,414)	(102,180)	(5,500)
Payments of deferred loan costs	(9,887)	0	0
Proceeds from the issuance of common stock, net	756,762	3,719	912
Proceeds from the issuance of preferred stock, net	332,969	0	0
ESAB India repurchase of additional noncontrolling interest	(29,292)	0	0
Payments of dividends on preferred stock	(17,446)	0	0
Payments on capital leases	0	0	(205)
Net cash provided by (used in) financing activities	2,192,949	32,742	(8,043)
Effect of foreign exchange rates on Cash and cash equivalents	(8,932)	(5,359)	(2,930)
Increase in Cash and cash equivalents	407,341	14,566	10,579
Cash and cash equivalents, beginning of period	75,108	60,542	49,963
Cash and cash equivalents, end of period	482,449	75,108	60,542
Supplemental Disclosure of Cash Flow Information:
Interest payments	79,857	5,209	6,105
Income tax payments, net	$ 70,677	$ 16,731	$ 5,819

Organization and Nature of Operations

12 Months Ended

Dec. 31, 2012

Organization, Consolidation and Presentation Of Financial Statements [Abstract]

Nature of Operations [Text Block]

1. Organization and Nature of Operations

Colfax Corporation (the “Company” or “Colfax”) is a diversified global industrial manufacturing and engineering company that provides gas- and fluid-handling and fabrication technology products and services to customers around the world under the Howden, ESAB and Colfax Fluid Handling brand names. With the closing of the acquisition of Charter International plc (“Charter”) by Colfax (the “Charter Acquisition”) during the year ended December 31, 2012, Colfax has transformed from a fluid-handling business into a multi-platform enterprise with a global footprint. See Note 4, “Acquisitions” for additional information regarding the Charter Acquisition.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2012

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

2. Summary of Significant Accounting Policies

Principles of Consolidation

The Company’s Consolidated Financial Statements include the accounts of the Company and its subsidiaries. Less than wholly owned subsidiaries, including joint ventures, are consolidated when it is determined that the Company has a controlling financial interest, which is generally determined when the Company holds a majority voting interest. When protective rights, substantive rights or other factors exist, further analysis is performed in order to determine whether or not there is a controlling financial interest. The Consolidated Financial Statements reflect the assets, liabilities, revenues and expenses of consolidated subsidiaries and the noncontrolling parties’ ownership share is presented as a noncontrolling interest. All significant intercompany accounts and transactions have been eliminated.

Equity Method Investments

Investments in joint ventures, where the Company has a significant influence but not a controlling interest, are accounted for using the equity method of accounting. Investments accounted for under the equity method are initially recorded at the amount of the Company’s initial investment and adjusted each period for the Company’s share of the investee’s income or loss and dividends paid. All equity investments are reviewed periodically for indications of other than temporary impairment, including, but not limited to, significant and sustained decreases in quoted market prices or a series of historic and projected operating losses by investees. If the decline in fair value is considered to be other than temporary, an impairment loss is recorded and the investment is written down to a new carrying value. Investments in joint ventures acquired in the Charter Acquisition were recognized in the opening balance sheet at fair value. See Note 4, “Acquisitions” for additional information regarding the assets acquired in the Charter Acquisition.

Revenue Recognition

The Company generally recognizes revenues and costs from product sales when all of the following criteria are met: persuasive evidence of an arrangement exists, the price is fixed and determinable, product delivery has occurred or services have been rendered, there are no further obligations to customers, and collectability is reasonably assured. Product delivery occurs when title and risk of loss transfer to the customer. The Company’s shipping terms vary based on the contract. If any significant obligations to the customer with respect to such sale remain to be fulfilled following shipments, typically involving obligations relating to installation and acceptance by the buyer, revenue recognition is deferred until such obligations have been fulfilled. Any customer allowances and discounts are recorded as a reduction in reported revenues at the time of sale because these allowances reflect a reduction in the sales price for the products sold. These allowances and discounts are estimated based on historical experience and known trends. Revenue related to service agreements is recognized as revenue over the term of the agreement. Progress billings are generally shown as a reduction of Inventories, net unless such billings are in excess of accumulated costs, in which case such balances are included in Accrued liabilities in the Consolidated Balance Sheets.

The Company recognizes revenue and cost of sales on gas-handling construction projects using the “percentage of completion method” in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Under this method, contract revenues are recognized over the performance period of the contract in direct proportion to the costs incurred as a percentage of total estimated costs for the entirety of the contract. Any recognized revenues that have not been billed to a customer are recorded as a component of Trade receivables and any billings of customers in excess of recognized revenues are recorded as a component of Accounts payable. As of December 31, 2012, there were $97.1 million of revenues in excess of billings and $178.3 million of billings in excess of revenues on construction contracts in the Consolidated Balance Sheet.

The Company has contracts in various stages of completion. Such contracts require estimates to determine the appropriate cost and revenue recognition. Significant management judgments and estimates, including estimated costs to complete projects, must be made and used in connection with revenue recognized during each period. Current estimates may be revised as additional information becomes available. The revisions are recorded in income in the period in which they are determined using the cumulative catch-up method of accounting. See Note 17, “Segment Information” for sales by major product group.

Customers may also request that the Company store products on their behalf until the product is needed. Under these arrangements, revenue is recognized when title and risk of loss have passed to the customer.

Amounts billed for shipping and handling are recorded as revenue. Shipping and handling expenses are recorded as a component of Cost of sales.

Taxes Collected from Customers and Remitted to Governmental Authorities

The Company collects various taxes and fees as an agent in connection with the sale of products and remits these amounts to the respective taxing authorities. These taxes and fees have been presented on a net basis in the Consolidated Statements of Operations and are recorded as a component of Accrued liabilities in the Consolidated Balance Sheets until remitted to the respective taxing authority.

Research and Development Expense

Research and development costs of $19.4 million, $5.7 million and $6.2 million for the years ended December 31, 2012, 2011 and 2010, respectively, are expensed as incurred and are included in Selling, general and administrative expense in the Consolidated Statement of Operations.

Advertising Costs

Advertising costs of $15.7 million, $1.2 million, and $0.5 million for the years ended December 31, 2012, 2011 and 2010, respectively, are expensed as incurred and are included in Selling, general and administrative expense in the Consolidated Statements of Operations.

Cash and Cash Equivalents

Cash and cash equivalents include all financial instruments purchased with an initial maturity of three months or less.

Trade Receivables

Accounts receivable are presented net of an allowance for doubtful accounts. The Company records an allowance for doubtful accounts based upon estimates of amounts deemed uncollectible and a specific review of significant delinquent accounts factoring in current and expected economic conditions. Estimated losses are based on historical collection experience, and are reviewed periodically by management.

Inventories

Inventories, net include the cost of material, labor and overhead and are stated at the lower of cost or market. Cost is primarily determined using the first-in, first-out method. The Company periodically reviews its quantities of inventories on hand and compares these amounts to the expected usage of each particular product. The Company records as a charge to Cost of sales any amounts required to reduce the carrying value of inventories to net realizable value.

Property, Plant and Equipment

Property, plant and equipment, net are stated at historical cost, which includes the fair values of such assets acquired. Depreciation of Property, plant and equipment is recorded on a straight-line basis over estimated useful lives. Assets recorded under capital leases are amortized over the shorter of their estimated useful lives or the lease terms, which range from three to 15 years. Repair and maintenance expenditures are expensed as incurred unless the repair extends the useful life of the asset.

Impairment of Goodwill and Indefinite-Lived Intangible Assets

Goodwill represents the costs in excess of the fair value of net assets acquired associated with acquisitions by the Company. Indefinite-lived intangible assets consist of trade names.

The Company evaluates the recoverability of Goodwill and indefinite-lived intangible assets annually or more frequently if an event occurs or circumstances change in the interim that would more likely than not reduce the fair value of the asset below its carrying amount.

In the evaluation of Goodwill for impairment, the Company first assesses qualitative factors to determine whether it is more likely than not that the fair value of a reporting entity is less than its carrying value. If the Company determines that it is not likely for a reporting unit’s fair value to be less than its carrying value, a calculation of the fair value is not performed. If the Company determines that it is likely for a reporting unit’s fair value to be less than its carrying value, a calculation of the reporting entity’s fair value is performed and compared to the carrying value of that entity. If the carrying value of a reporting unit exceeds its fair value, the Goodwill attributable to that reporting unit is potentially impaired and step two of the impairment analysis is performed. In step two of the analysis, an impairment loss is recorded equal to the excess of the carrying value of the reporting unit’s Goodwill over its implied fair value should such a circumstance arise.

The Company measures fair value of reporting units based on a present value of future discounted cash flows or a market valuation approach. The discounted cash flows model indicates the fair value of the reporting units based on the present value of the cash flows that the reporting units are expected to generate in the future. Significant estimates in the discounted cash flows model include: the weighted-average cost of capital; long-term rate of growth and profitability of the Company’s business; and working capital effects. The market valuation approach indicates the fair value of the business based on a comparison of the Company against certain market information. Significant estimates in the market approach model include identifying appropriate market multiples and assessing earnings before interest, income taxes, depreciation and amortization in estimating the fair value of the reporting units.

In the evaluation of indefinite-lived intangible assets for impairment, the Company first assesses qualitative factors to determine whether it is more likely than not that the fair value of the indefinite-lived intangible asset is less than its carrying value. If the Company determines that it is not likely for the indefinite-lived intangible asset’s fair value to be less than its carrying value, a calculation of the fair value is not performed. If the Company determines that it is likely that the indefinite-lived intangible asset’s fair value is less than its carrying value, a calculation is performed and compared to the carrying value of the asset. If the carrying amount of the indefinite-lived intangible asset exceeds its fair value, an impairment loss is recognized in an amount equal to that excess. The Company measures the fair value of its indefinite-lived intangible assets using the “relief from royalty” method. Significant estimates in this approach include royalty and discount rates for each trade name evaluated.

The analyses performed as of September 29, 2012, October 1, 2011 and October 2, 2010 indicated no impairment to be present.

Impairment of Long-Lived Assets Other than Goodwill and Indefinite-Lived Intangible Assets

Intangibles primarily represent acquired customer relationships, acquired order backlog, acquired technology and software license agreements. Acquired order backlog is amortized in the same period the corresponding revenue is recognized. A portion of the Company’s acquired customer relationships is being amortized over seven years based on the present value of the future cash flows expected to be generated from the acquired customers. All other intangibles are being amortized on a straight-line basis over their estimated useful lives, generally ranging from three to 20 years.

The Company assesses its long-lived assets other than Goodwill and indefinite-lived intangible assets for impairment whenever facts and circumstances indicate that the carrying amounts may not be fully recoverable. To analyze recoverability, the Company projects undiscounted net future cash flows over the remaining lives of such assets. If these projected cash flows are less than the carrying amounts, an impairment loss would be recognized, resulting in a write-down of the assets with a corresponding charge to earnings. The impairment loss is measured based upon the difference between the carrying amounts and the fair values of the assets. Assets to be disposed of are reported at the lower of the carrying amounts or fair value less cost to sell. Management determines fair value using the discounted cash flow method or other accepted valuation techniques. The Company recorded asset impairment losses related to facility closures totaling $3.2 million during the year ended December 31, 2012 recorded in Restructuring and other related charges in the Consolidated Statement of Operations and $0.1 million during the year ended December 31, 2011 as a component of Selling, general and administrative expense in the Consolidated Statement of Operations. No such impairments were recorded during the year ended December 31, 2010.

Derivatives

The Company is subject to foreign currency risk associated with the translation of the net assets of foreign subsidiaries to United States of America (“U.S.”) dollars on a periodic basis. The Company’s Deutsche Bank Credit Agreement (as defined and further discussed in Note 10, “Debt”) includes a €157.6 million term A-3 facility, which has been designated as a net investment hedge in order to mitigate a portion of this risk.

Derivative instruments are generally recognized on a gross basis in the Consolidated Balance Sheets in either Other current assets, Other assets, Accrued liabilities or Other liabilities depending upon their respective fair values and maturity dates. The Company designates a portion of its foreign exchange contracts as fair value hedges. For all instruments designated as hedges, including net investment hedges, cash flow hedges and fair value hedges, the Company formally documents the relationship between the hedging instrument and the hedged item, as well as the risk management objective and the strategy for using the hedging instrument. The Company assesses whether the relationship between the hedging instrument and the hedged item is highly effective at offsetting changes in the fair value both at inception of the hedging relationship and on an ongoing basis. For cash flow hedges and net investment hedges, unrealized gains and losses are recognized as a component of Accumulated other comprehensive loss in the Consolidated Balance Sheets to the extent that it is effective at offsetting the change in the fair value of the hedged item and realized gains and losses are recognized in the Consolidated Statements of Operations consistent with the underlying hedged instrument. Gains and losses related to fair value hedges are recorded as an offset to the fair value of the underlying asset or liability, primarily Trade receivables and Accounts payable in the Consolidated Balance Sheets.

See Note 14, “Financial Instruments and Fair Value Measurements” for additional information regarding the Company’s derivative instruments.

Self-Insurance

The Company is self-insured for a portion of its product liability, workers’ compensation, general liability, medical coverage and certain other liability exposures. The Company accrues loss reserves up to the retention amounts when such amounts are reasonably estimable and probable. The Company’s reserves, included in Other accrued liabilities in the Consolidated Balance Sheets, related to self-insurance are as follows:

	December 31,
	2012		2011
	(In thousands)
Medical insurance	$	383	$	1,086
Workers’ compensation		260		246
Total self-insurance reserves	$	643	$	1,332

Warranty Costs

Estimated expenses related to product warranties are accrued as the revenue is recognized on products sold to customers and included in Cost of sales in the Consolidated Statements of Operations. Estimates are established using historical information as to the nature, frequency, and average costs of warranty claims.

The activity in the Company’s warranty liability, which is included in Other accrued liabilities in the Company’s Consolidated Financial Statements consisted of the following:

	Year Ended December 31,
	2012			2011			2010
	(In thousands)
Warranty liability, beginning of period	$	2,987		$	2,963		$	2,852
Accrued warranty expense		10,468			2,491			2,079
Changes in estimates related to pre-existing warranties		9			(368	)		(589	)
Cost of warranty service work performed		(23,457	)		(2,479	)		(1,264	)
Acquisitions		51,367			477			—
Foreign exchange translation effect		(937	)		(97	)		(115	)
Warranty liability, end of period	$	40,437		$	2,987		$	2,963

Income Taxes

Income taxes for the Company are accounted for under the asset and liability method. Deferred income tax assets and liabilities are recognized for the future tax consequences attributable to differences between the carrying amounts of existing assets and liabilities in the Consolidated Financial Statements and their respective tax basis. Deferred income tax assets and liabilities are measured using enacted tax rates expected to be applied to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on Deferred income tax assets and liabilities of a change in tax rates is generally recognized in Provision for income taxes in the period that includes the enactment date.

Valuation allowances are recorded if it is more likely than not that some portion of the Deferred income taxes will not be realized. In evaluating the need for a valuation allowance, the Company takes into account various factors, including the expected level of future taxable income and available tax planning strategies. Any changes in judgment about the valuation allowance are recorded through Provision for income taxes and are based on changes in facts and circumstances regarding realizability of deferred tax assets.

The Company must presume that an income tax position taken in a tax return will be examined by the relevant tax authority and determine whether it is more likely than not that the tax position will be sustained upon examination based upon the technical merits of the position. An income tax position that meets the more-likely-than-not recognition threshold is measured to determine the amount of benefit to recognize in the financial statements. The Company establishes a liability for unrecognized income tax benefits for income tax positions for which it is more likely than not that a tax position will not be sustained upon examination by the respective taxing authority to the extent such tax positions reduce the Company’s income tax liability. The Company recognizes interest and penalties related to unrecognized income tax benefits in the Provision for income taxes in the Consolidated Statements of Operations.

Foreign Currency Exchange Gains and Losses

The Company’s financial statements are presented in U.S. dollars. The functional currencies of the Company’s operating subsidiaries are generally the local currencies of the countries in which each subsidiary is located. Assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the balance sheet date. Revenues and expenses are translated at average rates of exchange in effect during the year. The amounts recorded in each year are net of income taxes to the extent the underlying equity balances in the entities are not deemed to be permanently reinvested.

Transactions in foreign currencies are translated at the exchange rate in effect at the date of each transaction. Differences in exchange rates during the period between the date a transaction denominated in a foreign currency is consummated and the date on which it is either settled or translated for inclusion in the Consolidated Balance Sheets are recognized in Selling, general and administrative expense in the Consolidated Statements of Operations for that period. The net foreign currency transaction (loss) gain was $(1.2) million, $0.2 million, and $(0.4) million for the years ended December 31, 2012, 2011 and 2010, respectively.

Debt Issuance Costs and Debt Discount

Costs directly related to the placement of debt are capitalized and amortized to Interest expense primarily using the effective interest method over the term of the related obligation. Deferred issuance costs of $11.4 million and $4.3 million, respectively, were included in Other assets in the Consolidated Balance Sheets as of December 31, 2012 and 2011 net of $2.9 million and $2.5 million, respectively, of accumulated amortization. Further, the carrying value of Long-term debt is reduced by an original issue discount, which is accreted to Interest expense using the effective interest method over the term of the related obligation. See Note 10, “Debt” for additional discussion regarding the Company’s borrowing arrangements.

Use of Estimates

The Company makes certain estimates and assumptions in preparing its Consolidated Financial Statements in accordance with GAAP. These estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses for the period presented. Actual results may differ from those estimates.

Reclassifications

Given the impact of the Charter Acquisition on the Consolidated Financial Statements, certain prior period amounts have been reclassified to conform to current year presentations.

Recently Issued Accounting Pronouncements

12 Months Ended

Dec. 31, 2012

Change In Accounting Estimate [Abstract]

New Accounting Pronouncements and Changes in Accounting Principles [Text Block]

3. Recently Issued Accounting Pronouncements

In July 2012, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) No. 2012-02, “Intangibles—Goodwill and Other” (“ASU No. 2012-02”). ASU No. 2012-02 was intended to reduce the cost and complexity of performing an impairment test for indefinite-lived intangible assets by permitting an entity first to assess qualitative factors to determine whether it is more likely than not that the fair value of an indefinite-lived intangible asset is less than its carrying amount. The Company adopted ASU No. 2012-02 in conjunction with its September 29, 2012 impairment analysis. The adoption of ASU No. 2012-02 did not have an impact on the Company’s Consolidated Financial Statements.

- Definition

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6510796

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 01
-Paragraph b
-Subparagraph 6
-Article 10

+ Details

Acquisitions

12 Months Ended

Dec. 31, 2012

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

4. Acquisitions

Charter International plc

On January 13, 2012, Colfax completed the Charter Acquisition for a total purchase price of approximately $2.6 billion. Under the terms of the Charter Acquisition, Charter shareholders received 730 pence in cash and 0.1241 newly issued shares of Colfax Common stock in exchange for each share of Charter’s ordinary stock. Charter is a global industrial manufacturing company focused on welding, cutting and automation and air and gas handling. The acquisition is expected to:

•

enhance the Company’s business profile by providing a meaningful recurring revenue stream and considerable exposure to emerging markets;

	•	enable Colfax to benefit from strong secular growth drivers, with a balance of short- and long-cycle businesses; and

•

provide an additional growth platform in the fragmented fabrication technology industry.

See Note 10, “Debt” and Note 11, “Equity” for a discussion of the respective financing components of the Charter Acquisition.

In connection with the Charter Acquisition, the Company incurred advisory, legal, valuation and other professional service fees, termination payments to Charter executives and realized losses on acquisition-related foreign exchange derivatives, which comprised Charter Acquisition-related expense in the Consolidated Statements of Operations. See Note 14, “Financial Instruments and Fair Value Measurements” for additional information regarding the Company’s derivative instruments. The Charter Acquisition was accounted for using the acquisition method of accounting and accordingly, the Consolidated Financial Statements include the financial position and results of operations from the date of acquisition.

The following table summarizes the Company’s best estimate of the aggregate fair value of the assets acquired and liabilities assumed at the date of acquisition. These amounts are determined based upon certain valuations and studies that have yet to be finalized, and accordingly, the assets acquired and liabilities assumed, as detailed below, are subject to adjustment once the detailed analyses are completed. Substantially all of the Goodwill recognized is not expected to be deductible for income tax purposes.

	January 13,
	2012
	(In thousands)
Trade receivables	$	683,976
Inventories		449,906
Property, plant and equipment		562,129
Goodwill		1,625,635
Intangible assets		715,643
Accounts payable		(378,114	)
Debt		(399,466	)
Other assets and liabilities, net		(466,457	)
		2,793,252
Less: net assets attributable to noncontrolling interest		(241,201	)
Net consideration	$	2,552,051

The following table summarizes Intangible assets acquired, excluding Goodwill, as of January 13, 2012:

	Intangible		Weighted-Average
	Asset		Amortization
	(In thousands)		Period (Years)

Customer relationships	$	215,310		7.10
Acquired technology		77,485		10.33
Backlog		54,805		1.00
Trademarks		4,415		5.00
Total amortizable intangible assets	$	352,015		6.84
Trade names – indefinite life	$	363,628		n/a

Soldex

On October 31, 2012, the Company completed the acquisition of approximately 91% of the outstanding common and investment shares of Soldex S.A. (“Soldex”) for approximately $186.1 million (the “Soldex Acquisition”). Soldex is organized under the laws of Peru and complements the Company’s existing fabrication technology segment by supplying welding products from its plants in Colombia and Peru. The Soldex Acquisition was accounted for using the acquisition method of accounting and accordingly, the Consolidated Financial Statements include the financial position and results of operations from the date of acquisition.

	October 31,
	2012
	(In thousands)
Trade receivables	$	22,848
Inventories		32,985
Property, plant and equipment		28,921
Goodwill		115,571
Intangible assets		65,325
Accounts payable		(6,682	)
Debt		(36,734	)
Other assets and liabilities, net		(33,654	)
		188,580
Less: net assets attributable to noncontrolling interest		(18,028	)
Net consideration	$	170,552

The following table summarizes Intangible assets acquired, excluding Goodwill, as of October 31, 2012:

	Intangible		Weighted-Average
	Asset		Amortization
	(In thousands)		Period (Years)

Customer relationships	$	51,673		20.00
Acquired technology		3,261		10.00
Total amortizable intangible assets	$	54,934		19.41
Trade names – indefinite life	$	10,391		n/a

Other

The following acquisitions were accounted for using the acquisition method of accounting and, accordingly, the Consolidated Financial Statements include the financial position and results of operations from the respective date of acquisition:

Gas and Fluid Handling

On September 13, 2012, the Company completed the acquisition of the common stock of Co-Vent Group Inc. (“Co-Vent”) for $34.6 million. Co-Vent specializes in the custom design, manufacture, and testing of industrial fans, with its primary operations based in Quebec, Canada. As a result of this acquisition, the Company has expanded its product offerings in the industrial fan market.

On December 6, 2011, the Company completed the acquisition of COT-Puritech, Inc. (“COT-Puritech”), a domestic supplier of oil flushing and remediation services to power generation plants, refinery and petrochemical operators and other industrial manufacturing sites, with primary operations based in Canton, Ohio, for a total purchase price, net of cash acquired, of $39.4 million which includes the fair value of estimated additional contingent cash payments of $4.3 million at the acquisition date. The additional contingent cash payments will be paid over two years subject to the achievement of certain performance goals. See Note 14, “Financial Instruments and Fair Value Measurements” for discussion regarding the Company’s liability for contingent payment associated with the acquisition of COT-Puritech, which is included in the total purchase price. As a result of this acquisition, the Company has expanded its lubrication services offerings in the oil and gas and power generation end markets to include oil flushing and remediation services.

On February 14, 2011, the Company completed the acquisition of Rosscor Holding, B.V. (“Rosscor”) for $22.3 million, net of cash acquired. Rosscor is a supplier of multiphase pumping technology and certain other highly engineered fluid-handling systems, with its primary operations based in Hengelo, The Netherlands. As a result of this acquisition, the Company has expanded its product offerings in the oil and gas end market to include multiphase pump systems that many of its customers already purchase.

On August 19, 2010, the Company completed the acquisition of Baric Group (“Baric”) for $27.0 million, net of cash acquired. Additionally, during the year ended December 31, 2010, a final working capital settlement of $0.2 million was paid pursuant to terms of the Baric purchase agreements. Baric is a supplier of highly engineered fluid-handling systems primarily for lubrication applications, with its primary operations based in Blyth, United Kingdom.

Fabrication Technology

On April 13, 2012, the Company completed a $29.3 million acquisition of shares in ESAB India Limited, a publicly traded, less than wholly owned subsidiary in which the Company acquired a controlling interest in the Charter Acquisition. This resulted in an increase in the Company’s ownership of the subsidiary from 56% to 74%. This acquisition of shares was pursuant to a statutorily mandated tender offer triggered as a result of the Charter Acquisition.

In May 2012, the Company completed an $8.5 million acquisition, including the assumption of debt, of the remaining ownership of CJSC Sibes (“Sibes”), a less than wholly owned subsidiary in which the Company did not have a controlling interest. This resulted in an increase in the Company’s ownership of Sibes from 16% to 100%.

Unaudited Pro Forma Financial Information

The following unaudited proforma financial information presents Colfax’s consolidated financial information assuming the acquisitions of Charter and Soldex had taken place on January 1, 2011. These amounts are presented in accordance with GAAP, consistent with the Company’s accounting policies.

	Year Ended December 31,
	2012		2011
	(Unaudited, in thousands)
Net sales	$	4,096,401	$	4,027,796
Net income (loss) available to Colfax common shareholders⁽¹⁾		88,212		(116,862	)

__________

⁽¹⁾ Proforma net loss available to Colfax common shareholders for the year ended December 31, 2011 reflects the impact of certain expenses included in the Consolidated Statements of Operations for the year ended December 31, 2012, but excluded from the calculation of proforma net income for that period. These expenses include increased acquisition-related amortization expense of $79.9 million, $43.6 million of Charter acquisition-related expense, and a $50.3 million increase in the valuation allowance related to the Company’s deferred tax assets in the U.S., discussed further in Note 6, “Income Taxes.”

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

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+ Details

Net (Loss) Income Per Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

5. Net (Loss) Income Per Share

Net (loss) income per share available to Colfax Corporation common shareholders was computed as follows:

	Year Ended December 31,
	2012			2011		2010
	(In thousands, except share data)
Net (loss) income available to Colfax Corporation common shareholders	$	(83,353	)	$	4,555	$	16,215
Weighted-average shares of Common stock outstanding – basic		91,069,640			43,634,937		43,389,878
Net effect of potentially dilutive securities⁽¹⁾		—			633,173		277,347
Weighted-average shares of Common stock outstanding – diluted		91,069,640			44,268,110		43,667,225

Net (loss) income per share – basic and diluted	$	(0.92	)	$	0.10	$	0.37

__________

⁽¹⁾

Potentially dilutive securities consist of stock options and restricted stock units.

The Company calculates Net (loss) income per share under the two-class method as the shares of the Company’s Series A Preferred Stock are considered participating securities. However, since there was a net loss for the year ended December 31, 2012 and losses are not allocated to the holders of the Series A Preferred Stock, there was no impact of participating securities for the year ended December 31, 2012. The weighted-average computation of the dilutive effect of potentially issuable shares of Common stock under the treasury stock method for the years ended December 31, 2012, 2011 and 2010 excludes approximately 2.8 million, 0.5 million and 1.3 million outstanding stock-based compensation awards, respectively, as their inclusion would be anti-dilutive.

Income Taxes

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

6. Income Taxes

Income before income taxes and Provision for income taxes consisted of the following:

	Year Ended December 31,
	2012			2011			2010
	(In thousands)
(Loss) income before income taxes:
Domestic operations	$	(73,467	)	$	(27,645	)	$	(12,737	)
Foreign operations		121,906			47,632			40,425
	$	48,439		$	19,987		$	27,688

Provision for (benefit from) income taxes:
Current:
Federal	$	—		$	182		$	(30	)
State		362			(94	)		261
Foreign		83,119			17,066			11,538
		83,481			17,154			11,769
Deferred:
Domestic operations		50,340			—			—
Foreign operations		(43,118	)		(1,722	)		(296	)
		7,222			(1,722	)		(296	)
	$	90,703		$	15,432		$	11,473

The Company’s Provision for income taxes differs from the amount that would be computed by applying the U.S. federal statutory rate as follows:

	Year Ended December 31,
	2012			2011			2010
	(In thousands)
Taxes calculated at the U.S. federal statutory rate	$	16,954		$	6,995		$	9,691
State taxes		362			(421	)		(5	)
Effect of international tax rates		(24,070	)		(2,988	)		(2,522	)
Change in enacted international tax rates		(12,305	)		—			—
Changes in valuation allowance and tax reserves		106,802			11,177			3,827
Other		2,960			669			482
Provision for income taxes	$	90,703		$	15,432		$	11,473

Deferred income taxes, net reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the deferred tax assets and liabilities are as follows:

	December 31,
	2012			2011
	(In thousands)
Deferred tax assets:
Post-retirement benefit obligation	$	124,487		$	39,172
Expenses currently not deductible		124,537			50,121
Net operating loss carryover		288,017			51,614
Tax credit carryover		11,706			5,882
Depreciation and amortization		17,010			—
Other		7,228			1,358
Valuation allowance		(372,039	)		(79,855	)
Deferred tax assets, net	$	200,946		$	68,292

Deferred tax liabilities:
Depreciation and amortization	$	(286,173	)	$	(13,437	)
Post-retirement benefit obligation		(4,843	)		—
Inventory		(4,400	)		—
Other		(29,620	)		(14,688	)
Total deferred tax liabilities	$	(325,036	)	$	(28,125	)
Total deferred tax (liabilities) assets, net	$	(124,090	)	$	40,167

The Company evaluates the recoverability of its deferred tax assets on a jurisdictional basis by considering whether deferred tax assets will be realized on a more likely than not basis. To the extent a portion or all of the applicable deferred tax assets do not meet the more likely than not threshold, a valuation allowance is recorded. During the year ending December 31, 2012, the valuation allowance increased from $79.9 million to $372.0 million with $103.8 million recognized in Provision for income taxes, $167.7 million recorded in the opening accounts of the Charter Acquisition and $20.6 million recognized in Other comprehensive income. During the year ended December 31, 2011, the valuation allowance increased by $27.0 million, with $16.7 million and $10.3 million of the increase recognized in Provision for income taxes and Other comprehensive income, respectively, primarily due to U.S. deferred tax assets that the Company believed that it is more likely than not that they would be realized. Consideration was given to U.S. tax planning strategies and future U.S. taxable income as to how much of the relevant deferred tax asset could be realized on a more likely than not basis.

The Company has U.S. net operating loss carryforwards of approximately $293.9 million expiring in years 2021 through 2032, and minimum tax credits of $7.7 million that may be carried forward indefinitely. Tax credit carryforwards include foreign tax credits that have been offset by a valuation allowance. The Company’s ability to use these various carryforwards to offset any taxable income generated in future taxable periods may be limited under Section 382 and other federal tax provisions.

For the years ended December 31, 2012, 2011 and 2010, all undistributed earnings of the Company’s controlled international subsidiaries are considered to be permanently reinvested outside the U.S. and no tax expense in the U.S. has been recognized under the applicable accounting standard, for these reinvested earnings. The amount of unremitted earnings from the Company’s international subsidiaries, subject to local statutory restrictions, as of December 31, 2012 is $251.1 million. The amount of deferred tax liability that would have been recognized had such earnings not been permanently reinvested is not reasonably determinable.

The Company records a liability for unrecognized income tax benefits for the amount of benefit included in its previously filed income tax returns and in its financial results expected to be included in income tax returns to be filed for periods through the date of its Consolidated Financial Statements for income tax positions for which it is more likely than not that a tax position will not be sustained upon examination by the respective taxing authority. A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows (inclusive of associated interest and penalties):

	(In thousands)
Balance, December 31, 2010	$	8,896
Addition for tax positions taken in prior periods		852
Addition for tax positions taken in the current period		191
Reduction for tax positions taken in prior periods		(5,802	)
Other, including the impact of foreign currency translation		(60	)
Balance, December 31, 2011		4,077
Aquisitions		73,249
Addition for tax positions taken in prior periods		1,391
Addition for tax positions taken in the current period		5,241
Reduction for tax positions taken in prior periods		(3,695	)
Other, including the impact of foreign currency translation		4,393
Balance, December 31, 2012	$	84,656

Prior year amounts were reclassified to be consistent with the current year presentation.

The Company is routinely examined by tax authorities around the world. Tax examinations remain in process in multiple countries, including but not limited to Sweden, Indonesia, France, Hungary, Italy, Brazil and various states. The Company files numerous group and separate tax returns in U.S. federal and state jurisdictions, as well as many international jurisdictions. In the U.S., tax years dating back to 2006 remain subject to examination, as well as the 2003 tax year due to tax attributes available to be carried forward to open or future tax years. With some exceptions, other major tax jurisdictions generally are not subject to tax examinations for years beginning before 2005.

The Company’s total unrecognized tax benefits were $84.7 million and $4.1 million as of December 31, 2012 and 2011, respectively, inclusive of $16.5 million and $0.4 million, respectively, of interest and penalties. These amounts were offset by tax benefits of $0.5 million as of both December 31, 2012 and 2011. The net liabilities for uncertain tax positions as of December 31, 2012 and 2011 were $84.2 million and $3.6 million, respectively, and if recognized, would favorably impact the effective tax rate. The Company records interest and penalties on uncertain tax positions as a component of Provision for income taxes, which was $1.3 million, $0.1 million and $0.1 million for the years ended December 31, 2012, 2011 and 2010, respectively.

Due to the difficulty in predicting with reasonable certainty when tax audits will be fully resolved and closed, the range of reasonably possible significant increases or decreases in the liability for unrecognized tax benefits that may occur within the next 12 months is difficult to ascertain. Currently, the Company estimates that it is reasonably possible that the expiration of various statutes of limitations, resolution of tax audits and court decisions may reduce its tax expense in the next 12 months up to $60 million.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

7. Goodwill and Intangible Assets

The following table summarizes the activity in Goodwill, by segment during the years ended December 31, 2012 and 2011:

	Gas and Fluid Handling			Fabrication Technology		Total
				(In thousands)
Balance, January 1, 2011	$	172,338		$	—	$	172,338
Goodwill attributable to Rosscor acquisition		10,212			—		10,212
Goodwill attributable to COT-Puritech acquisition		25,073			—		25,073
Impact of foreign currency translation		(2,779	)		—		(2,779	)
Balance, December 31, 2011		204,844			—		204,844
Goodwill attributable to Charter Acquisition		933,545			692,090		1,625,635
Goodwill attributable to Soldex Acquisition		—			115,571		115,571
Goodwill attributable to other acquisitions		21,376			5,699		27,075
Impact of foreign currency translation		58,228			42,877		101,105
Balance, December 31, 2012	$	1,217,993		$	856,237	$	2,074,230

The following table summarizes the Intangible assets, excluding Goodwill:

	December 31,
	2012					2011
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
	(In thousands)
Trade names – indefinite life	$	401,123	$	—		$	6,803	$	—
Acquired customer relationships		300,253		(24,763	)		29,798		(12,987	)
Acquired technology		107,018		(12,466	)		17,961		(2,791	)
Acquired backlog		63,984		(62,432	)		3,451		(2,033	)
Other intangible assets		12,352		(6,020	)		4,962		(4,135	)
	$	884,730	$	(105,681	)	$	62,975	$	(21,946	)

See Note 4, “Acquisitions” for additional information regarding the activity in Goodwill and Intangible assets, net associated with acquisitions made by the Company during the years presented.

Amortization expense related to amortizable intangible assets was included in the Consolidated Statements of Operations as follows:

	Year Ended December 31,
	2012		2011		2010
	(In thousands)
Selling, general and administrative expense	$	85,106	$	7,821	$	3,501

As of December 31, 2012, total amortization expense for amortizable intangible assets is expected to be $40.3 million, $38.9 million, $37.3 million, $37.3 million and $33.5 million for the years ended December 31, 2013, 2014, 2015, 2016 and 2017, respectively.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

8.	Property, Plant and Equipment, Net

		December 31,
	Depreciable Life	2012			2011
	(In years)	(In thousands)
Land	n/a	$	40,319		$	14,786
Buildings and improvements	5-40		314,216			38,642
Machinery and equipment	3-15		440,975			134,548
Software	3-5		70,092			16,948
			865,602			204,924
Accumulated depreciation			(177,032	)		(113,985	)
Property, plant and equipment, net		$	688,570		$	90,939

Depreciation expense, including the amortization of assets recorded under capital leases, for the years ended December 31, 2012, 2011 and 2010, was $71.7 million, $13.1 million and $12.1 million, respectively. These amounts include depreciation expense related to software for the years ended December 31, 2012, 2011 and 2010 of $10.5 million, $1.7 million and $1.9 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details

Inventories, Net

12 Months Ended

Dec. 31, 2012

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

Inventories, Net

Inventories, net consisted of the following:

	December 31,
	2012			2011
	(In thousands)
Raw materials	$	154,771		$	25,241
Work in process		99,459			26,376
Finished goods		263,211			20,378
		517,441			71,995
Less: customer progress billings		(14,571	)		(9,124	)
Less: allowance for excess, slow-moving and obsolete inventory		(9,221	)		(6,735	)
Inventories, net	$	493,649		$	56,136

Debt

12 Months Ended

Dec. 31, 2012

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

10.

Debt

Long-term debt consisted of the following:

	December 31,
	2012			2011
	(In thousands)
Term loans	$	1,682,177		$	72,500
Revolving credit facilities and other		46,134			39,018
Total Debt		1,728,311			111,518
Less: current portion		(34,799	)		(10,000	)
Long-term debt	$	1,693,512		$	101,518

As of December 31, 2011, the Company was party to a credit agreement (the “Bank of America Credit Agreement”), led and administered by Bank of America, which was a senior secured structure with a revolving credit facility and term credit facility. The term credit facility bore interest at the London Interbank Offered Rate (“LIBOR”) plus a margin ranging from 2.25% to 2.75% determined by the total leverage ratio calculated at the end of each quarter. As of December 31, 2011, the interest rate was 2.55% inclusive of a margin of 2.25%. Additionally, an annual commitment fee on the revolver ranged from 40 basis points to 50 basis points determined by the Company’s total leverage ratio calculated at the end of each quarter. As of December 31, 2011, the commitment fee was 40 basis points and there was $21.0 million outstanding on the letter of credit sub-facility.

During the year ended December 31, 2012, the Company terminated the Bank of America Credit Agreement in conjunction with the financing of the Charter Acquisition. Upon the early termination of the Bank of America Credit Agreement, the Company incurred a total pre-tax charge of $1.5 million, which included the write-off of $1.0 million of deferred financing fees and $0.5 million of losses reclassified from Accumulated other comprehensive loss in the Consolidated Balance Sheet for the related interest rate swap to Interest expense in the Consolidated Statement of Operations.

On January 13, 2012 and January 25, 2012, Colfax incurred debt consisting of: (i) a $200 million term A-1 facility, (ii) a $500 million term A-2 facility, (iii) a €157.6 million term A-3 facility and (iv) a $900 million term B facility pursuant to a credit agreement (the “Deutsche Bank Credit Agreement”) with Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and certain other lender parties named therein. In addition, the Deutsche Bank Credit Agreement has two revolving credit sub-facilities which total $300 million in commitments (the “Revolver”). The Revolver includes a $200 million letter of credit sub-facility and a $50 million swingline loan sub-facility. The term A-1, term A-2, term A-3 and the Revolver variable-rate borrowings are subject to interest payments of LIBOR or the Euro Interbank Offered Rate (“EURIBOR”) plus a margin ranging from 2.50% to 3.25%, determined by our leverage ratio. Borrowings under the term B facility are also variable rate and are subject to interest payments of LIBOR plus a margin of 3.5%. The Revolver is subject to a commitment fee ranging from 37.5 to 50 basis points, determined by the Company’s leverage ratio. Additionally, as of December 31, 2012 the Company had an original issue discount of $55.4 million and deferred financing fees of $8.5 million, which were recognized in connection with the Deutsche Bank Credit Agreement. As of December 31, 2012, the weighted-average interest rate of borrowings under the Deutsche Bank Credit Agreement was 3.93% and there was $291.9 million available under the Revolver, including $191.9 available under the letter of credit sub-facility.

The Company is also party to additional letter of credit facilities with total borrowing capacity of $474.8 million, of which $330.0 million was outstanding as of December 31, 2012.

The contractual maturities of the Company’s debt as of December 31, 2012 are as follows⁽¹⁾:

	(In thousands)
2013	$	34,799
2014		119,307
2015		190,557
2016		423,170
2017		145,167
Thereafter		870,667
Total contractual maturities		1,783,667
Debt discount		(55,356	)
Total debt	$	1,728,311

__________

⁽¹⁾Represents scheduled payments required under the Deutsche Bank Credit Agreement through the respective final maturities of the term A facilities through January 13, 2017 and the term B facility through January 13, 2019, as well as the contractual maturities of other debt outstanding as of December 31, 2012.

In March 2012, the Company used a portion of the proceeds from the sale of Common stock to pay off $35.0 million in borrowings under the term A facilities in advance of the scheduled payments. During the year ended December 31, 2012, the Company repaid an additional $26.3 million in borrowings under the term A facilities in advance of the scheduled payments. See Note 11, “Equity” for additional discussion regarding the Company’s stock issuances.

In connection with the Deutsche Bank Credit Agreement, the Company has pledged substantially all of its domestic subsidiaries’ assets and 65% of the shares of certain first tier international subsidiaries as collateral against borrowings to its U.S. companies. In addition, subsidiaries in certain foreign jurisdictions have guaranteed the Company’s obligations on borrowings of one of its European subsidiaries, as well as pledged substantially all of their assets for such borrowings to this European subsidiary under the Deutsche Bank Credit Agreement. The Deutsche Bank Credit Agreement contains customary covenants limiting the Company’s ability to, among other things, pay dividends, incur debt or liens, redeem or repurchase equity, enter into transactions with affiliates, make investments, merge or consolidate with others or dispose of assets. In addition, the Deutsche Bank Credit Agreement contains financial covenants requiring the Company to maintain a total leverage ratio, as defined therein, of not more than 4.95 to 1.0 and a minimum interest coverage ratio, as defined therein, of 2.0 to 1.0, measured at the end of each quarter, through the year ended December 31, 2012. The minimum interest coverage ratio increases by 25 basis points each year beginning in the year ending December 31, 2013 until it reaches 3.0 to 1.0 for the year ending December 31, 2016. The maximum total leverage ratio decreases to 4.75 to 1.0 for the year ending December 31, 2014 and decreases by 25 basis points for the two subsequent fiscal years until it reaches 4.25 to 1.0 for the year ending December 31, 2016. The Deutsche Bank Credit Agreement contains various events of default, including failure to comply with the financial covenants referenced above, and upon an event of default the lenders may, subject to various customary cure rights, require the immediate payment of all amounts outstanding under the term loans and the Revolver and foreclose on the collateral. The Company is in compliance with all such covenants as of December 31, 2012.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References + Details

Equity

12 Months Ended

Dec. 31, 2012

Equity [Abstract]

Shareholders' Equity and Share-based Payments [Text Block]

11.

Equity

Common and Preferred Stock

During the years ended December 31, 2012, 2011 and 2010, 452,062, 248,017 and 194,999 shares of Common stock, respectively, were issued in connection with stock option exercises and employee share-based payment arrangements that vested during the year.

On January 24, 2012, following approval by the Company’s stockholders, the Company’s Certificate of Incorporation was amended to increase the number of authorized shares from 210,000,000 shares to 420,000,000 shares, comprised of an increase in Common stock from 200,000,000 shares to 400,000,000 shares and an increase in Preferred stock from 10,000,000 shares to 20,000,000 shares.

In connection with the financing of the Charter Acquisition, on January 24, 2012, the Company sold (i) 14,756,945 newly issued shares of Colfax Common stock and (ii) 13,877,552 shares of newly created Series A perpetual convertible preferred stock, referred to as the Series A Preferred Stock, for an aggregate of $680 million (representing $24.50 per share of Series A Preferred Stock and $23.04 per share of Common stock) pursuant to a securities purchase agreement (the “BDT Purchase Agreement”) with BDT CF Acquisition Vehicle, LLC (the “BDT Investor”) as well as BDT Capital Partners Fund I-A, L.P., and Mitchell P. Rales, Chairman of Colfax’s Board of Directors, and his brother, Steven M. Rales (for the limited purpose of tag-along sales rights provided to the BDT Investor in the event of a sale or transfer of shares of Colfax Common stock by either or both of Mitchell P. Rales and Steven M. Rales). Under the terms of the Series A Preferred Stock, holders are entitled to receive cumulative cash dividends, payable quarterly, at a per annum rate of 6% of the liquidation preference (defined as $24.50, subject to customary antidilution adjustments), provided that the dividend rate shall be increased to a per annum rate of 8% if Colfax fails to pay the full amount of any dividend required to be paid on such shares until the date that full payment is made.

The Series A Preferred Stock is convertible, in whole or in part, at the option of the holders at any time after the date the shares were issued into shares of Colfax Common stock at a conversion rate determined by dividing the liquidation preference by a number equal to 114% of the liquidation preference, subject to certain adjustments. The Series A Preferred Stock is also convertible, in whole or in part, at the option of Colfax on or after the third anniversary of the issuance of the shares at the same conversion rate if, among other things: (i) for the preceding thirty trading days, the closing price of Colfax Common stock on the New York Stock Exchange exceeds 133% of the applicable conversion price and (ii) Colfax has declared and paid or set apart for payment all accrued but unpaid dividends on the Series A Preferred Stock.

On January 24, 2012, Colfax sold 2,170,139 to each of Mitchell P. Rales, Chairman of Colfax’s Board of Directors, and his brother Steven M. Rales and 1,085,070 to Markel Corporation, a Virginia corporation (“Markel”) of newly issued Colfax Common stock at $23.04 per share, for a total aggregate of $125 million, pursuant to separate securities purchase agreements with Mitchell P. Rales and Steven M. Rales, each of whom were beneficial owners of 20.9% of Colfax’s Common stock at the time of the sale, and Markel. Thomas S. Gayner, a member of Colfax’s Board of Directors, is President and Chief Investment Officer of Markel.

Consideration paid to Charter shareholders included 0.1241 shares of newly issued Colfax Common stock in exchange for each share of Charter’s ordinary stock, which resulted in the issuance of 20,735,493 shares of Common stock on January 24, 2012.

In conjunction with the issuance of the Common and Preferred stock discussed above, the Company recognized $14.7 million in equity issuance costs which were recorded as a reduction to Additional paid-in capital during the year ended December 31, 2012.

On March 5, 2012, the Company sold 8,000,000 shares of newly issued Colfax Common stock to underwriters for public resale pursuant to a shelf registration statement for an aggregate purchase price of $272 million. Further, on March 9, 2012, the underwriters of the March 5, 2012 equity offering exercised their over-allotment option and the Company sold an additional 1,000,000 shares of newly issued Colfax Common stock to the underwriters for public resale pursuant to a shelf registration statement for an aggregate purchase price of $34 million. In conjunction with these issuances, the Company recognized $12.6 million in equity issuance costs which were recorded as a reduction to Additional paid-in capital during the year ended December 31, 2012.

Dividend Restrictions

The Company is subject to dividend restrictions under the Deutsche Bank Credit Agreement, which limit the total amount of cash dividends the Company may pay and Common stock repurchases the Company may make to $50 million annually, in the aggregate.

Accumulated Other Comprehensive Loss

The components of Accumulated other comprehensive loss, net of tax, are as follows:

	December 31,
	2012			2011
	(In thousands)
Foreign currency translation adjustment	$	104,718		$	(5,537	)
Unrealized loss on hedging activities		(3,980	)		(471	)
Net unrecognized pension and other post-retirement benefit cost		(247,332	)		(164,785	)
Accumulated other comprehensive loss	$	(146,594	)	$	(170,793	)

The activity in Accumulated other comprehensive loss for the year ended December 31, 2012 excludes the $4.4 million of Other comprehensive income attributable to Noncontrolling interest, comprised of $4.8 million of foreign currency translation partially offset by $0.4 million of changes in unrecognized pension and other post-retirement benefits cost.

Share-Based Payments

The Company adopted the Colfax Corporation 2008 Omnibus Incentive Plan on April 21, 2008, as amended and restated on April 2, 2012 (the “2008 Plan”). The 2008 Plan provides the Compensation Committee of the Company’s Board of Directors discretion in creating employee equity incentives. Awards under the 2008 Plan may be made in the form of stock options, stock appreciation rights, restricted stock, restricted stock units, dividend equivalent rights, performance shares, performance units, and other stock-based awards.

The Company measures and recognizes compensation expense related to share-based payments based on the fair value of the instruments issued. Stock-based compensation expense is generally recognized as a component of Selling, general and administrative expense in the Consolidated Statements of Operations, as payroll costs of the employees receiving the awards are recorded in the same line item.

The Company’s Consolidated Statements of Operations reflect the following amounts related to stock-based compensation:

	Year Ended December 31,
	2012		2011		2010
	(In thousands)
Stock-based compensation expense	$	9,373	$	4,908	$	3,137
Deferred tax benefit		305		1,719		1,120

As of December 31, 2012, the Company had $23.5 million of unrecognized compensation expense related to stock-based awards that will be recognized over a weighted-average period of approximately 2.4 years. The intrinsic value of awards exercised or converted was $9.9 million, $3.8 million and $1.2 million during the years ended December 31, 2012, 2011 and 2010, respectively.

Stock Options

Under the 2008 Plan, the Company may grant options to purchase Common stock, with a maximum term of 10 years at a purchase price equal to the market value of the Company’s Common stock on the date of grant. In the case of an incentive stock option granted to a holder of 10% of the Company’s outstanding Common stock, the Company may grant options to purchase Common stock with a maximum term of 5 years, at a purchase price equal to 110% of the market value of the Company’s Common stock on the date of grant.

Stock-based compensation expense for stock option awards is based upon the grant-date fair value using the Black-Scholes option pricing model. The Company recognizes compensation expense for stock option awards on a straight-line basis over the requisite service period of the entire award. The following table shows the weighted-average assumptions used to calculate the fair value of stock option awards using the Black-Scholes option pricing model, as well as the weighted-average fair value of options granted:

	Year Ended December 31,
	2012			2011			2010

Expected period that options will be outstanding (in years)		5.41			4.50			4.50
Interest rate (based on U.S. Treasury yields at the time of grant)		0.99	%		2.10	%		2.38	%
Volatility		42.59	%		52.50	%		52.22	%
Dividend yield		—			—			—
Weighted-average fair value of options granted	$	13.14		$	9.68		$	5.63

Expected volatility is estimated based on the historical volatility of comparable public companies. The Company considers historical data to estimate employee termination within the valuation model. Separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes. Since the Company has limited option exercise history, it has generally elected to estimate the expected life of an award based upon the Securities and Exchange Commission-approved “simplified method” noted under the provisions of Staff Accounting Bulletin No. 107 with the continued use of this method extended under the provisions of Staff Accounting Bulletin No. 110.

Stock option activity is as follows:

	Number of Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (In years)		Aggregate Intrinsic Value⁽¹⁾ (In thousands)
Outstanding at January 1, 2012		1,461,157		$	14.76
Granted		1,265,781			33.37
Exercised		(425,782	)		12.59
Forfeited		(73,494	)		29.27
Expired		(17,546	)		14.96
Outstanding at December 31, 2012		2,210,116		$	25.35		5.63	$	33,142
Vested or expected to vest at December 31, 2012		2,178,251		$	25.28		5.62	$	32,828
Exercisable at December 31, 2012		614,885		$	14.40		4.20	$	15,653

__________

⁽¹⁾

The aggregate intrinsic value is based upon the difference between the Company’s closing stock price at the date of the Consolidated Balance Sheet and the exercise price of the stock option for in-the-money stock options. The intrinsic value of outstanding stock options fluctuates based upon the trading value of the Company’s Common stock.

Restricted Stock Units

Under the 2008 Plan, the Compensation Committee of the Board of Directors may award performance-based restricted stock units (“PRSUs”) whose vesting is contingent upon meeting various performance goals. The vesting of the stock units is determined based on whether the Company achieves the applicable performance criteria established by the Compensation Committee of the Board of Directors. If the performance criteria are satisfied, the units are subject to additional time vesting requirements, by which units will vest fully in two equal installments on the fourth and fifth anniversary of the grant date, provided the individual remains an employee during this period. Under the 2008 Plan, the Compensation Committee of the Board of Directors may award non-performance-based restricted stock units (“RSUs”) to select executives, employees and outside directors. The Compensation Committee determines the terms and conditions of each award, including the restriction period and other criteria applicable to the awards. Directors may also elect to defer their annual board fees into RSUs with immediate vesting. Delivery of the shares underlying these director restricted stock units is deferred until termination of the director’s service on the Company’s Board of Directors.

The fair value of PRSUs and RSUs is equal to the market value of a share of Common stock on the date of grant and the related compensation expense is recognized ratably over the requisite service period and, for PRSUs when it is expected that any of the performance criterion will be achieved. The performance criterion was met for PRSUs granted during the year ended December 31, 2011, including PRSUs granted to the Company’s former Chief Executive Officer (“CEO”) as part of his initial employment agreement in January 2010, which were subject to separate criterion.

The activity in the Company’s PRSUs and RSUs is as follows:

	PRSUs					RSUs
	Number of Units			Weighted- Average Grant Date Fair Value		Number of Units			Weighted- Average Grant Date Fair Value
Nonvested at January 1, 2012		324,447		$	15.99		64,263		$	14.71
Granted		283,804			33.48		38,511			33.30
Vested		(17,942	)		18.11		(44,140	)		15.40
Forfeited		(29,358	)		23.12		(3,758	)		28.94
Nonvested at December 31, 2012		560,951		$	24.40		54,876		$	26.23

The fair value of shares vested during the years ended December 31, 2012, 2011 and 2010 was $1.9 million, $1.1 million and $1.0 million, respectively.

Accrued Liabilities

12 Months Ended

Dec. 31, 2012

Accrued Liabilities [Abstract]

Accrued Liabilities Disclosure [Text Block]

12.

Accrued Liabilities

Accrued liabilities in the Consolidated Balance Sheets consisted of the following:

	December 31,
	2012		2011
	(In thousands)
Accrued payroll	$	99,583	$	21,415
Advance payment from customers		61,431		14,704
Accrued taxes		39,919		4,911
Accrued asbestos-related liability		58,501		76,295
Warranty liability – current portion		35,678		2,987
Accrued restructuring liability – current portion		25,406		4,573
Accrued third-party commissions		12,320		5,884
Accrued Charter Acquisition-related liability		—		29,430
Other		108,195		15,808
Accrued liabilities	$	441,033	$	176,007

Accrued Restructuring Liability

The Company initiated a series of restructuring actions beginning in 2009 in response to then current and expected future economic conditions. The Company also communicated initiatives to improve productivity and reduce structural costs by rationalizing and leveraging its existing assets and back office functions. These initiatives include the consolidation of the Company’s commercial marine end-market operations, reduction in the back office personnel at several distribution centers in Europe, the closure of a small facility that previously produced units sold to certain customers located in the Middle East that the Company ceased supplying to during the year ended December 31, 2010, and the closure of a Portland, Maine production facility and consolidation of the operations with a Warren, Massachusetts facility.

During the year ended December 31, 2010, the Company participated in a German government-sponsored furlough program in which the government paid the wage-related costs for participating associates. Payroll taxes and other employee benefits related to employees’ furlough time are included in restructuring costs.

During the year ended December 31, 2011, the Company relocated its Richmond, Virginia corporate headquarters to Fulton, Maryland and eliminated an executive position in its German operations.

As a result of the Charter Acquisition in 2012, the Company’s restructuring programs expanded to include ongoing initiatives at the Company’s fabrication technology operations and efforts to reduce the structural costs and rationalize the corporate overhead of the combined businesses. Initiatives at the Company’s fabrication technology operations include the transfer of European capacity, a reduction in fixed overhead in Europe and the replacement of an old factory in the U.S. with a modern, lower cost and higher capacity facility.

The Company’s Consolidated Statements of Operations reflect the following amounts related to its restructuring activities:

	Year Ended December 31,
	2012		2011		2010
	(In thousands)
Restructuring and other related charges	$	60,060	$	9,680	$	10,323

A summary of the activity in the Company’s restructuring liability included in Accrued liabilities and Other liabilities in the Consolidated Balance Sheets is as follows:

	Year Ended December 31, 2012
	Balance at Beginning of Year		Acquisitions		Provisions		Payments			Foreign Currency Translation			Balance at End of Year⁽³⁾
	(In thousands)
Restructuring and other related charges:
Gas and Fluid Handling:
Termination benefits⁽¹⁾	$	3,868	$	—	$	7,062	$	(8,014	)	$	144		$	3,060
Facility closure costs⁽²⁾		633		—		1,301		(756	)		(1	)		1,177
Other related charges		72		—		289		(363	)		2			—
		4,573		—		8,652		(9,133	)		145			4,237
Fabrication Technology:
Termination benefits⁽¹⁾		—		6,276		30,292		(22,277	)		346			14,637
Facility closure costs⁽²⁾		—		3,994		10,584		(7,800	)		147			6,925
Other related charges		—		—		1,205		(1,174	)		2			33
		—		10,270		42,081		(31,251	)		495			21,595
Non-cash impairment						3,155
						45,236
Corporate and Other:
Termination benefits⁽¹⁾		—		—		3,020		(3,020	)		—			—
Facility closure costs⁽²⁾		—		—		1,899		(415	)		38			1,522
Other related charges		—		—		1,253		(1,253	)		—			—
		—		—		6,172		(4,688	)		38			1,522
	$	4,573	$	10,270		56,905	$	(45,072	)	$	678		$	27,354
Non-cash impairment						3,155
					$	60,060

__________

⁽¹⁾

Includes severance and other termination benefits, including outplacement services. The Company recognizes the cost of involuntary termination benefits at the communication date or ratably over any remaining expected future service period. Voluntary termination benefits are recognized as a liability and an expense when employees accept the offer and the amount can be reasonably estimated.

⁽²⁾

Includes the cost of relocating associates, relocating equipment and lease termination expense in connection with the closure of facilities, discussed above.

⁽³⁾

As of December 31, 2012, $25.4 million and $1.9 million of the Company’s restructuring liability was included in Accrued liabilities and Other liabilities, respectively.

The Company expects to incur an additional $30.0 million of employee termination benefits, facility closure costs, relocation expense and operating lease exit costs during the year ending December 31, 2013 related to these restructuring activities.

Defined Benefit Plans

12 Months Ended

Dec. 31, 2012

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

13.

Defined Benefit Plans

The Company sponsors various defined benefit plans, defined contribution plans and other post-retirement benefits plans, including health and life insurance, for certain eligible employees or former employees. The Company uses December 31^st as the measurement date for all of its employee benefit plans.

The following table summarizes the total changes in the Company’s Pension and accrued post-retirement benefits and plan assets and includes a statement of the plans’ funded status:

	Pension Benefits						Other Post-Retirement Benefits
	Year Ended December 31,						Year Ended December 31,
	2012			2011			2012			2011
	(In thousands)
Change in benefit obligation:
Projected benefit obligation, beginning of year	$	347,911		$	331,288		$	15,397		$	13,803
Acquisitions		1,148,906			—			22,629			—
Service cost		3,381			1,383			110			—
Interest cost		67,745			16,408			1,507			690
Actuarial (gain) loss		135,715			25,764			(1,449	)		1,507
Settlement⁽¹⁾		—			(2,857	)		—			—
Foreign exchange effect		45,458			(1,921	)		—			—
Benefits paid		(84,333	)		(22,154	)		(2,675	)		(603	)
Other		355			—			—			—
Projected benefit obligation, end of year	$	1,665,138		$	347,911		$	35,519		$	15,397
Accumulated benefit obligation, end of year	$	1,641,252		$	343,767		$	33,405		$	—
Change in plan assets:
Fair value of plan assets, beginning of year	$	221,004		$	231,240		$	—		$	—
Acquisitions		954,919			—			—			—
Actual return on plan assets		100,153			6,864			—			—
Employer contribution⁽²⁾		58,494			8,684			2,675			603
Settlement⁽¹⁾		—			(3,388	)		—			—
Foreign exchange effect		37,359			(242	)		—			—
Benefits paid		(84,333	)		(22,154	)		(2,675	)		(603	)
Other		248			—			—			—
Fair value of plan assets, end of year	$	1,287,844		$	221,004		$	—		$	—
Funded status, end of year	$	(377,294	)	$	(126,907	)	$	(35,519	)	$	(15,397	)

Amounts recognized on the Consolidated Balance Sheet at December 31:

Non-current assets	$	31,826		$	—		$	—		$	—
Current liabilities		(5,639	)		(1,079	)		(3,076	)		(795	)
Non-current liabilities		(403,481	)		(125,828	)		(32,443	)		(14,602	)
Total	$	(377,294	)	$	(126,907	)	$	(35,519	)	$	(15,397	)

__________

⁽¹⁾

Represents the change in benefit obligation and plan assets related to the termination of a frozen pension plan of one of the Company’s non-U.S. subsidiaries.

⁽²⁾

Contributions during the year ended December 31, 2012 included $18.9 million of supplemental contributions to pension plans in the United Kingdom as a result of financing the Charter Acquisition.

The accumulated benefit obligation and fair value of plan assets for the pension plans with accumulated benefit obligations in excess of plan assets were $1.3 billion and $864.6 million, respectively, as of December 31, 2012 and $343.8 million and $221.0 million, respectively, as of December 31, 2011.

The projected benefit obligation and fair value of plan assets for the pension plans with projected benefit obligations in excess of plan assets were $1.3 billion and $868.2 million, respectively, as of December 31, 2012 and $347.9 million and $221.0 million, respectively, as of December 31, 2011.

The following table summarizes the changes in the Company’s foreign Pension benefit obligation, which is determined based upon an employee’s expected date of separation, and plan assets, included in the table above, and includes a statement of the plans’ funded status:

	Foreign Pension Benefits
	Year Ended December 31,
	2012			2011
	(In thousands)
Change in benefit obligation:
Projected benefit obligation, beginning of year	$	97,108		$	95,136
Acquisitions		957,080			—
Service cost		3,381			1,383
Interest cost		49,291			5,132
Actuarial loss		85,167			5,704
Settlement⁽¹⁾		—			(2,857	)
Foreign exchange effect		45,458			(1,921	)
Benefits paid		(56,816	)		(5,469	)
Other		355			—
Projected benefit obligation, end of year	$	1,181,024		$	97,108
Accumulated benefit obligation, end of year	$	1,157,140		$	92,964
Change in plan assets:
Fair value of plan assets, beginning of year	$	32,339		$	34,071
Acquisitions		817,258			—
Actual return on plan assets		58,139			3,039
Employer contribution⁽²⁾		49,640			4,328
Settlement⁽¹⁾		—			(3,388	)
Foreign exchange effect		37,359			(242	)
Benefits paid		(56,816	)		(5,469	)
Other		248			—
Fair value of plan assets, end of year	$	938,167		$	32,339
Funded status, end of year	$	(242,857	)	$	(64,769	)

__________

⁽¹⁾

Represents the change in benefit obligation and plan assets related to the termination of a frozen pension plan of one of the Company’s non-U.S. subsidiaries.

⁽²⁾Contributions during the year ended December 31, 2012 included $18.9 million of supplemental contributions to pension plans in the United Kingdom as a result of financing the Charter Acquisition.

Expected contributions to the Company’s pension and other post-employment benefit plans for the year ended December 31, 2013, related to plans as of December 31, 2012, are $51.8 million.The following benefit payments are expected to be paid during each respective fiscal year:

	Pension Benefits				Other Post-
	All Plans		Foreign Plans		Retirement Benefits
	(In thousands)
2013	$	88,543	$	58,090	$	3,076
2014		89,878		59,343		2,965
2015		89,937		59,450		2,821
2016		90,498		59,941		2,783
2017		93,000		62,654		2,676
Thereafter		469,090		321,728		9,899

The Company’s primary investment objective for its pension plan assets is to provide a source of retirement income for the plans’ participants and beneficiaries. The assets are invested with the goal of preserving principal while providing a reasonable real rate of return over the long term. Diversification of assets is achieved through strategic allocations to various asset classes. Actual allocations to each asset class vary due to periodic investment strategy changes, market value fluctuations, the length of time it takes to fully implement investment allocation positions, and the timing of benefit payments and contributions. The asset allocation is monitored and rebalanced as required, as frequently as on a quarterly basis in some instances. The following are the actual and target allocation percentages for the Company’s pension plan assets:

	Actual Asset Allocation December 31,						Target
	2012			2011			Allocation
U.S. Plans:
Equity securities:
U.S.		36	%		32	%	30% - 45%
International		15	%		16	%	10% - 20%
Fixed income		37	%		33	%	30% - 50%
Hedge funds		11	%		19	%	0% - 20%
Cash and cash equivalents		1	%		—		0% - 5%
Foreign Plans:
Equity securities		37	%		22	%	20% - 45%
Fixed income securities		58	%		54	%	50% - 80%
Cash and cash equivalents		2	%		23	%	0% - 25%
Other		3	%		1	%	0% -5%

A summary of the Company’s pension plan assets for each fair value hierarchy level for the periods presented follows (See Note 14, “Financial Instruments and Fair Value Measurements” for further description of the levels within the fair value hierarchy):

	December 31, 2012
	Level One		Level Two		Level Three		Total
	(In thousands)
U.S. Plans:
Cash and cash equivalents	$	2,645	$	—	$	—	$	2,645
Equity securities:
U.S. large cap		89,293		—		—		89,293
U.S. small/mid cap		—		37,671		—		37,671
International		15,579		37,323		—		52,902
Fixed income mutual funds:
U.S. government and corporate		128,334		—		—		128,334
Multi-strategy hedge funds		—		—		38,832		38,832
Foreign Plans:
Cash and cash equivalents		19,594		—		—		19,594
Equity securities		234,228		108,598		—		342,826
Non-U.S. government and corporate bonds		250,891		298,160		—		549,051
Other⁽¹⁾		2,108		24,588		—		26,696
	$	742,672	$	506,340	$	38,832	$	1,287,844

__________

⁽¹⁾

Represents diversified portfolio funds and reinsurance contracts maintained for certain foreign plans.

	December 31, 2011
	Level One		Level Two		Level Three		Total
	(In thousands)
U.S. Plans:
Equity securities:
U.S. large cap	$	50,572	$	—	$	—	$	50,572
U.S. small/mid cap		10,633		—		—		10,633
International		29,400		—		—		29,400
Fixed income mutual funds:
U.S. government and corporate		40,561		—		—		40,561
High-yield bonds		15,258		—		—		15,258
Emerging markets debt		5,920		—		—		5,920
Multi-strategy hedge funds		—		—		36,321		36,321
Foreign Plans:
Cash and cash equivalents		7,595		—		—		7,595
Equity securities		6,953		—		—		6,953
Non-U.S. government bonds		—		17,576		—		17,576
Other⁽¹⁾		—		215		—		215
	$	166,892	$	17,791	$	36,321	$	221,004

__________

⁽¹⁾

Represents diversified portfolio funds and reinsurance contracts maintained for certain foreign plans.

The Company’s pension assets included in Level Three of the fair value hierarchy consist of multi-strategy hedge funds and the fair value is equal to the aggregate net asset value of units held by the Company’s pension plans. There were no transfers in or out of Level One, Two or Three during the years ended December 31, 2012 or 2011. A summary of changes in the fair value of the Company’s pension assets included in Level Three of the fair value hierarchy is as follows:

	(In thousands)
Balance, January 1, 2010	$	26,769
Net purchases and sales		9,036
Realized loss		(316	)
Unrealized gain		853
Balance, December 31, 2010		36,342
Unrealized loss		(21	)
Balance, December 31, 2011		36,321
Realized loss		152
Unrealized gain		2,359
Balance, December 31, 2012	$	38,832

The following table sets forth the components of net periodic benefit cost and Other comprehensive loss (income) of the non-contributory defined benefit pension plans and the Company’s other post-retirement employee benefit plans:

	Pension Benefits									Other Post-Retirement Benefits
	Year Ended December 31,									Year Ended December 31,
	2012			2011			2010			2012			2011			2010
	(In thousands)
Components of Net Periodic Benefit Cost:
Service cost	$	3,381		$	1,383		$	1,168		$	110		$	—		$	—
Interest cost		67,743			16,408			16,514			1,507			690			553
Amortization		8,091			5,839			4,593			801			852			482
Plan combinations⁽¹⁾		—			—			2,877			—			—			—
Settlement loss		—			1,499			—			—			—			—
Other		28			—			—			—			—			—
Expected return on plan assets		(61,094	)		(18,101	)		(19,331	)		—			—			—
Net periodic benefit cost	$	18,149		$	7,028		$	5,821		$	2,418		$	1,542		$	1,035
Change in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss (Income):
Current year net actuarial loss (gain)	$	98,784		$	37,037		$	16,736		$	(1,449	)	$	1,507		$	3,671
Less amounts included in net periodic benefit cost:
Amortization of net loss		(8,012	)		(5,839	)		(4,593	)		(553	)		(604	)		(234	)
Settlement loss		—			(835	)		—			—			—			—
Amortization of prior service cost		(79	)		—			—			(248	)		(248	)		(248	)
Total recognized in Other comprehensive loss (income)	$	90,693		$	30,363		$	12,143		$	(2,250	)	$	655		$	3,189

__________

⁽¹⁾

Represents the transfer of assets associated with the pension obligation assumed by the Company for a group of former employees.

The following table sets forth the components of net periodic benefit cost and Other comprehensive loss of the foreign non-contributory defined benefit pension plans, included in the table above:

	Foreign Pension Benefits
	Year Ended December 31,
	2012			2011			2010
	(In thousands)
Components of Net Periodic Benefit Cost:
Service cost	$	3,381		$	1,383		$	1,168
Interest cost		49,291			5,132			4,138
Amortization		944			588			385
Plan combinations⁽¹⁾		—			—			2,877
Settlement loss		—			1,499			—
Other		28			—			—
Expected return on plan assets		(36,535	)		(1,400	)		(1,259	)
Net periodic benefit cost	$	17,109		$	7,202		$	7,309
Change in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss:
Current year net actuarial loss	$	65,689		$	4,101		$	5,062
Less amounts included in net periodic benefit cost:
Amortization of net loss		(865	)		(588	)		(385	)
Settlement loss		—			(835	)		—
Amortization of prior service cost		(79	)		—			—
Total recognized in Other comprehensive loss	$	64,745		$	2,678		$	4,677

__________

⁽¹⁾

Represents the transfer of assets associated with the pension obligation assumed by the Company for a group of former employees.

The components of net unrecognized pension and other post-retirement benefit cost included in Accumulated other comprehensive loss in the Consolidated Balance Sheets that have not been recognized as a component of net periodic benefit cost are as follows:

	Pension Benefits				Other Post-Retirement Benefits
	December 31,				December 31,
	2012		2011		2012		2011
	(In thousands)
Net actuarial loss	$	275,211	$	184,532	$	5,676	$	7,677
Prior service cost		—		—		1,303		1,552
Total	$	275,211	$	184,532	$	6,979	$	9,229

The components of net unrecognized pension and other post-retirement benefit cost included in Accumulated other comprehensive loss in the Consolidated Balance Sheets that are expected to be recognized as a component of net periodic benefit cost during the year ended December 31, 2013 are as follows:

	Pension Benefits		Other Post- Retirement Benefits
	(In thousands)
Net actuarial loss	$	10,151	$	465
Prior service cost		—		248
Total	$	10,151	$	713

The key economic assumptions used in the measurement of the Company’s pension and other post-retirement benefit obligations are as follows:

	Pension Benefits						Other Post-Retirement Benefits
	December 31,						December 31,
	2012			2011			2012			2011
Weighted-average discount rate:
All plans		4.0	%		4.2	%		3.4	%		4.2	%
Foreign plans		4.2	%		4.9	%		—			—

Weighted-average rate of increase in compensation levels for active foreign plans		1.5	%		2.6	%		—			—

The key economic assumptions used in the computation of net periodic benefit cost are as follows:

	Pension Benefits									Other Post-Retirement Benefits
	Year Ended December 31,									Year Ended December 31,
	2012			2011			2010			2012			2011			2010
Weighted-average discount rate:
All plans		4.6	%		5.0	%		5.7	%		4.3	%		5.2	%		5.6	%
Foreign plans		4.7	%		5.1	%		5.6	%		—			—			—
Weighted-average expected return on plan assets:
All plans		5.3	%		7.7	%		8.3	%		—			—			—
Foreign plans		4.5	%		4.7	%		5.4	%		—			—			—
Weighted-average rate of increase in compensation levels for active foreign plans		1.3	%		2.6	%		2.2	%		—			—			—

In determining discount rates, the Company utilizes the single discount rate equivalent to discounting the expected future cash flows from each plan using the yields at each duration from a published yield curve as of the measurement date.

For measurement purposes, a weighted-average annual rate of increase in the per capita cost of covered health care benefits of approximately 10.7% was assumed. The rate was assumed to decrease gradually to 4.5% by 2027 for three of the Company’s plans and to 5.0% by 2019 for another plan and remain at those levels thereafter for benefits covered under the plans.

The expected long-term rate of return on plan assets was based on the Company’s investment policy target allocation of the asset portfolio between various asset classes and the expected real returns of each asset class over various periods of time that are consistent with the long-term nature of the underlying obligations of these plans.

Assumed health care cost trend rates have a significant effect on the amounts reported for the health care plan. A one-percentage point change in assumed health care cost trend rates would have the following pre-tax effects:

	1% Increase		1% Decrease
	(in thousands)
Effect on total service and interest cost components for the year ended December 31, 2012	$	165	$	(142	)
Effect on post-retirement benefit obligation at December 31, 2012		3,149		(2,659	)

The Company maintains defined contribution plans covering substantially all of its non-union and certain union domestic employees. The Company’s expense for the years ended December 31, 2012, 2011 and 2010 was $19.3 million, $2.4 million and $2.4 million, respectively.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI http://asc.fasb.org/topic&trid=2235017

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Implementation Guide (Q and A)
-Number FAS88
-Paragraph 63
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 03-2
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph q
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph h
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 8
-Subparagraph m
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5, 6, 7, 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7, 21, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS106-2
-Paragraph 20, 21, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 30
-Paragraph 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Financial Instruments and Fair Value Measurements

12 Months Ended

Dec. 31, 2012

Financial Instruments and Fair Value Measurements [Abstract]

Fair Value Assets and Liabilities Measured On Recurring and Nonrecurring Basis [Text Block]

14.

Financial Instruments and Fair Value Measurements

The carrying values of financial instruments, including Trade receivables and Accounts payable, approximate their fair values due to their short-term maturities. The estimated fair value of the Company’s debt of $1.7 billion and $110.9 million as of December 31, 2012 and 2011, respectively, was based on current interest rates for similar types of borrowings and is in Level Two of the fair value hierarchy. The estimated fair values may not represent actual values of the financial instruments that could be realized as of the date of the Consolidated Balance Sheets or that will be realized in the future.

A summary of the Company’s assets and liabilities that are measured at fair value on a recurring basis for each fair value hierarchy level is as follows:

	December 31, 2012
	Level One		Level Two		Level Three		Total
	(In thousands)
Assets:
Cash equivalents	$	133,878	$	—	$	—	$	133,878
Foreign currency contracts related to sales – designated as hedges		—		6,832		—		6,832
Foreign currency contracts related to sales – not designated as hedges		—		2,249		—		2,249
Foreign currency contracts related to purchases – designated as hedges		—		213		—		213
Foreign currency contracts related to purchases – not designated as hedges		—		1,077		—		1,077
Deferred compensation plans		—		2,542		—		2,542
	$	133,878	$	12,913	$	—	$	146,791

Liabilities:
Foreign currency contracts related to sales – designated as hedges	$	—	$	1,024	$	—	$	1,024
Foreign currency contracts related to sales – not designated as hedges		—		1,693		—		1,693
Foreign currency contracts related to purchases – designated as hedges		—		896		—		896
Foreign currency contracts related to purchases – not designated as hedges		—		1,062		—		1,062
Deferred compensation plans		—		2,542		—		2,542
Liability for contingent payments		—		—		6,517		6,517
	$	—	$	7,217	$	6,517	$	13,734

	December 31, 2011
	Level One		Level Two		Level Three		Total
	(In thousands)
Assets:
Cash equivalents	$	15,540	$	—	$	—	$	15,540
Foreign currency contracts – primarily related to customer sales contracts		—		5		—		5
	$	15,540	$	5	$	—	$	15,545

Liabilities:
Interest rate swap	$	—	$	471	$	—	$	471
Foreign currency contracts – acquisition-related		—		14,986		—		14,986
Foreign currency contracts – primarily related to customer sales contracts		—		371		—		371
Liability for contingent payments		—		—		4,359		4,359
	$	—	$	15,828	$	4,359	$	20,187

There were no transfers in or out of Level One, Two or Three during the years ended December 31, 2012 or 2011.

Cash Equivalents

The Company’s cash equivalents consist of investments in interest-bearing deposit accounts and money market mutual funds which are valued based on quoted market prices. The fair value of these investments approximate cost due to their short-term maturities and the high credit quality of the issuers of the underlying securities.

Derivatives

The Company periodically enters into foreign currency, interest rate swap, and commodity derivative contracts. The Company uses interest rate swaps to manage exposure to interest rate fluctuations. Foreign currency contracts are used to manage exchange rate fluctuations. Commodity futures contracts are used to manage costs of raw materials used in the Company’s production processes.

There were no changes during the periods presented in the Company’s valuation techniques used to measure asset and liability fair values on a recurring basis.

Interest Rate Swap. The Company’s interest rate swap is valued based on forward curves observable in the market. The notional value of the Company’s interest rate swap was $25 million as of December 31, 2011, which exchanged its LIBOR-based variable-rate interest for a fixed rate of 4.1375%. On January 11, 2012, the Company terminated its interest rate swap in conjunction with the repayment of the Bank of America Credit Agreement and reclassified $0.5 million of net losses from Accumulated other comprehensive loss to Interest expense in the Consolidated Statement of Operations.

Foreign Currency Contracts. Foreign currency contracts are measured using broker quotations or observable market transactions in either listed or over-the-counter markets. The Company primarily uses foreign currency contracts to mitigate the risk associated with customer forward sale agreements denominated in currencies other than the applicable local currency, and to match costs and expected revenues where production facilities have a different currency than the selling currency.

The Company had foreign currency contracts with the following notional values:

	December 31,
	2012		2011
	(In thousands)
Foreign currency contracts sold – not designated as hedges	$	301,185	$	—
Foreign currency contracts sold – designated as hedges		238,537		5,116
Foreign currency contracts purchased – not designated as hedges		121,741		—
Foreign currency contracts purchased – designated as hedges		37,065		—
Foreign currency contracts – acquisition related		—		4,249,954
Total foreign currency derivatives	$	698,528	$	4,255,070

The Company recognized the following in its Consolidated Financial Statements related to its derivative instruments:

	Year Ended December 31,
	2012			2011			2010
	(In thousands)
Contracts Designated as Hedges:
Interest Rate Swap:
Unrealized loss	$	—		$	(161	)	$	(1,201	)
Realized loss		(471	)		(1,479	)		(2,447	)
Foreign Currency Contracts – related to customer sales contracts:
Unrealized gain		2,120			—			—
Realized gain		2,297			—			—
Foreign Currency Contracts – related to supplier purchases contracts:
Unrealized loss		(374	)		—			—
Realized loss		(475	)		—			—
Unrealized loss on net investment hedge		(7,783	)		—			—
Contracts Not Designated in a Hedge Relationship:
Foreign Currency Contracts – acquisition-related:
Unrealized loss, net		—			(21,013	)		—
Realized loss, net		(7,177	)		—			—
Foreign Currency Contracts – primarily related to customer sales contracts:
Unrealized gain (loss)		778			(204	)		93
Realized gain (loss)		712			152			(838	)
Foreign Currency Contracts – related to supplier purchases contracts:
Unrealized (loss) gain		(560	)		81			—
Realized gain (loss)		868			(20	)		—

Liability for Contingent Payments

The Company’s liability for contingent payments represents the fair value of estimated additional cash payments related to its acquisition of COT-Puritech in December of 2011, which are subject to the achievement of certain performance goals, and is included in Other liabilities in the Consolidated Balance Sheets. The fair value of the liability for contingent payments represents the present value of probability weighted expected cash flows based upon the Company’s internal model and projections and is included in Level Three of the fair value hierarchy. Accretion is recognized in Interest expense in the Consolidated Statements of Operations and realized or unrealized gains or losses are recognized in Selling, general and administrative expense in the Consolidated Statements of Operations.

A summary of activity in the Company’s liability for contingent payments during the years ended December 31, 2011 and 2012 is as follows:

	(In thousands)
Balance, January 1, 2011	$	—
Additions		4,300
Interest accretion		59
Balance, December 31, 2011		4,359
Interest accretion		712
Unrealized loss		(1,446	)
Balance, December 31, 2012	$	6,517

Concentration of Credit Risk

12 Months Ended

Dec. 31, 2012

Risks and Uncertainties [Abstract]

Concentration Risk Disclosure [Text Block]

15.

Concentration of Credit Risk

The Company is potentially subject to a concentration of risk with respect to its Trade receivables, net. The Company performs credit evaluations of its customers prior to delivery or commencement of services and normally does not require collateral. Letters of credit are occasionally required for international customers when the Company deems necessary. The Company maintains an allowance for potential credit losses and losses have historically been within management’s expectations. The Company does not believe that accounts receivable represent significant concentrations of credit risk because of the diversified portfolio of individual customers and geographical areas.

The Company may be exposed to credit-related losses in the event of non-performance by counterparties to financial instruments. The Company enters into derivative contracts with financial institutions of good standing, and the total credit exposure related to non-performance by those institutions is not material to the operations of the Company. The Company does not enter into derivative contracts for trading purposes.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6327-108592

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13531-108611

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6404-108592

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6442-108592

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 18
-URI http://asc.fasb.org/extlink&oid=6927468&loc=d3e6351-108592

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13537-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 94-6
-Paragraph 21, 22, 24
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Commitments and Contingencies

12 Months Ended

Dec. 31, 2012

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

16.

Commitments and Contingencies

Asbestos and Other Product Liability Contingencies

Certain subsidiaries are each one of many defendants in a large number of lawsuits that claim personal injury as a result of exposure to asbestos from products manufactured with components that are alleged to have contained asbestos. Such components were acquired from third-party suppliers, and were not manufactured by any of the Company’s subsidiaries nor were the subsidiaries producers or direct suppliers of asbestos. The manufactured products that are alleged to have contained asbestos generally were provided to meet the specifications of the subsidiaries’ customers, including the U.S. Navy.

The subsidiaries settle asbestos claims for amounts the Company considers reasonable given the facts and circumstances of each claim. The annual average settlement payment per asbestos claimant has fluctuated during the past several years. The Company expects such fluctuations to continue in the future based upon, among other things, the number and type of claims settled in a particular period and the jurisdictions in which such claims arise. To date, the majority of settled claims have been dismissed for no payment.

Claims activity since December 31 related to asbestos claims is as follows⁽¹⁾:

	Year Ended December 31,
	2012			2011			2010
	(Number of Claims)
Claims unresolved, beginning of period		23,682			24,764			25,295
Acquisitions		1,599			—			—
Claims filed⁽²⁾		4,335			4,927			3,692
Claims resolved⁽³⁾		(6,093	)		(6,009	)		(4,223	)
Claims unresolved, end of period		23,523			23,682			24,764

	(In dollars)
Average cost of resolved claims⁽⁴⁾	$	6,606		$	15,397		$	12,037

__________

⁽¹⁾

Excludes claims filed by one legal firm that have been “administratively dismissed.”

⁽²⁾

Claims filed include all asbestos claims for which notification has been received or a file has been opened.

⁽³⁾

Claims resolved include all asbestos claims that have been settled, dismissed or that are in the process of being settled or dismissed based upon agreements or understandings in place with counsel for the claimants.

⁽⁴⁾

Excludes claims settled in Mississippi for which the majority of claims have historically been resolved for no payment and insurance recoveries.

The Company has projected each subsidiary’s future asbestos-related liability costs with regard to pending and future unasserted claims based upon the Nicholson methodology. The Nicholson methodology is a standard approach used by experts and has been accepted by numerous courts. It is the Company’s policy to record a liability for asbestos-related liability costs for the longest period of time that it can reasonably estimate.

The Company believes that it can reasonably estimate the asbestos-related liability for pending and future claims that will be resolved in the next 15 years and has recorded that liability as its best estimate. While it is reasonably possible that the subsidiaries will incur costs after this period, the Company does not believe the reasonably possible loss or range of reasonably possible loss is estimable at the current time. Accordingly, no accrual has been recorded for any costs which may be paid after the next 15 years. Defense costs associated with asbestos-related liabilities as well as costs incurred related to litigation against the subsidiaries’ insurers are expensed as incurred.

Each subsidiary has separate insurance coverage acquired prior to Company ownership of each independent entity. In its evaluation of the insurance asset, the Company used differing insurance allocation methodologies for each subsidiary based upon the applicable law pertaining to the affected subsidiary.

For one of the subsidiaries, the Delaware Court of Chancery ruled on October 14, 2009 that asbestos-related costs should be allocated among excess insurers using an “all sums” allocation (which allows an insured to collect all sums paid in connection with a claim from any insurer whose policy is triggered, up to the policy’s applicable limits) and that the subsidiary has rights to excess insurance policies purchased by a former owner of the business. Based upon this ruling mandating an “all sums” allocation, as well as the language of the underlying insurance policies and the assertion and belief that defense costs are outside policy limits, the Company’s future expected recovery percentage is 90% of asbestos-related costs following the exhaustion of its primary and umbrella layers of insurance and expects to be responsible for approximately 10% of its future asbestos-related costs.

For this subsidiary, during the year ended December 31, 2010, an insolvent carrier that had written approximately $1.4 million in limits for which the subsidiary had assumed no recovery made a cash settlement offer of approximately $0.7 million. As such, the subsidiary recorded a gain for this amount.

The subsidiary was notified in 2010 by the primary and umbrella carrier who had been fully defending and indemnifying the subsidiary for 20 years that the limits of liability of its primary and umbrella layer policies had been exhausted. Since then, the subsidiary has sought coverage from certain excess layer insurers whose terms and conditions follow form to the umbrella carrier. Certain first-layer excess insurers have defended and/or indemnified the subsidiary, subject to their reservations of rights and their applicable policy limits. A trial concerning the payment obligations of the Company’s excess insurers concluded during fourth quarter of 2012, with a final ruling pending. The subsidiary continues to work with its excess insurers to obtain defense and indemnity payments while the litigation is proceeding. Given the uncertainties of litigation, there is a variety of possible outcomes, including but not limited to the subsidiary being required to fund all or a portion of the subsidiary’s defense and indemnity payments until such time a final ruling orders payment by the insurers. While not impacting the results of operations, the funding requirement could range up to $10 million per quarter until final resolution. In addition, because a statistically significant increase in mesothelioma claims had occurred and was expected to continue to occur in certain regions, this subsidiary recorded a $1.8 million pre-tax charge, which was comprised of an increase in its asbestos-related liabilities of $18.1 million partially offset by an increase in expected insurance recoveries of $16.3 million, during the fourth quarter of the year ended December 31, 2011.

In 2003, the other subsidiary filed a lawsuit against a large number of its insurers and its former parent to resolve a variety of disputes concerning insurance for asbestos-related bodily injury claims asserted against it. Although none of these insurance companies contested coverage, they disputed the timing, reasonableness and allocation of payments.

For this subsidiary it was determined by court ruling in 2007, that the allocation methodology mandated by the New Jersey courts will apply. Further court rulings in December of 2009, clarified the allocation calculation related to amounts currently due from insurers as well as amounts the Company expects to be reimbursed for asbestos-related costs incurred in future periods.

In connection with this litigation, the court engaged a special master to review the appropriate information and recommend an allocation formula in accordance with applicable law and the facts of the case. During 2010, the court-appointed special allocation master made its recommendation. As a result, during the year ended December 31, 2010, the Company reduced the current asbestos receivable by $2.8 million, decreased the long-term asbestos asset by $1.2 million and recorded a net charge to asbestos liability and defense costs of $4.0 million. In May 2011, the court accepted the recommendation with modifications. A final judgment at the trial court level in this litigation was rendered during the year ended December 31, 2011, but appeals have been entered. As a result of this judgment, the Company recorded a provision for $2.1 million during the year ended December 31, 2011, which is reflected in the Consolidated Balance Sheet as an increase of $1.4 million in Other accrued liabilities and a reduction of $0.7 million in Asbestos insurance asset. The Company made a payment of $5.0 million, which was previously accrued for, to return certain overpayments to the insurers. In addition, because of the higher settlement values per mesothelioma claim in 2011 in a specific region, this subsidiary recorded a $0.7 million pre-tax charge, which was comprised of an increase to its asbestos-related liabilities of $4.7 million partially offset by an increase in expected insurance recoveries of $4.0 million, during the fourth quarter of the year ended December 31, 2011. The subsidiary expects to be responsible for approximately 17% of all future asbestos-related costs.

The Company’s Consolidated Balance Sheets included the following amounts for asbestos-related litigation:

	December 31,
	2012		2011
	(In thousands)
Current asbestos insurance asset⁽¹⁾	$	35,566	$	43,452
Current asbestos insurance receivable⁽¹⁾		36,778		33,696
Long-term asbestos insurance asset⁽²⁾		315,363		326,838
Long-term asbestos insurance receivable⁽²⁾		7,063		14,034
Accrued asbestos liability⁽³⁾		58,501		76,295
Long-term asbestos liability⁽⁴⁾		375,493		382,394

__________

⁽¹⁾

Included in Other current assets in the Consolidated Balance Sheets.

⁽²⁾

Included in Other assets in the Consolidated Balance Sheets.

⁽³⁾

Represents current reserves for probable and reasonably estimable asbestos-related liability cost that the Company believes the subsidiaries will pay through the next 15 years, overpayments by certain insurers and unpaid legal costs related to defending themselves against asbestos-related liability claims and legal action against the Company’s insurers, which is included in Accrued liabilities in the Consolidated Balance Sheets.

⁽⁴⁾

Included in Other liabilities in the Consolidated Balance Sheets.

Management’s analyses are based on currently known facts and a number of assumptions. However, projecting future events, such as new claims to be filed each year, the average cost of resolving each claim, coverage issues among layers of insurers, the method in which losses will be allocated to the various insurance policies, interpretation of the effect on coverage of various policy terms and limits and their interrelationships, the continuing solvency of various insurance companies, the amount of remaining insurance available, as well as the numerous uncertainties inherent in asbestos litigation could cause the actual liabilities and insurance recoveries to be higher or lower than those projected or recorded which could materially affect the Company’s financial condition, results of operations or cash flow.

General Litigation

On June 3, 1997, one of the Company’s subsidiaries was served with a complaint in a case brought by Litton Industries, Inc. in the Superior Court of New Jersey which alleges damages in excess of $10.0 million incurred as a result of losses under a government contract bid transferred in connection with the sale of its former Electro-Optical Systems business. In 2004, this case was tried and the jury rendered a verdict of $2.1 million for the plaintiffs. After appeals by both parties, the Supreme Court of New Jersey upheld the plaintiffs’ right to a refund of their attorney’s fees and costs of trial, but remanded the issue to the trial court to reconsider the amount of fees using a proportionality analysis of the relationship between the fee requested and the damages recovered. In June 2012, the subsidiary entered into a settlement agreement for and made a payment of $8.5 million. The settlement did not have a significant impact on the Consolidated Statement of Operations for the year ended December 31, 2012.

The Company is also involved in various other pending legal proceedings arising out of the ordinary course of the Company’s business. None of these legal proceedings are expected to have a material adverse effect on the financial condition, results of operations or cash flow of the Company. With respect to these proceedings and the litigation and claims described in the preceding paragraphs, management of the Company believes that it will either prevail, has adequate insurance coverage or has established appropriate reserves to cover potential liabilities. Any costs that management estimates may be paid related to these proceedings or claims are accrued when the liability is considered probable and the amount can be reasonably estimated. There can be no assurance, however, as to the ultimate outcome of any of these matters, and if all or substantially all of these legal proceedings were to be determined adverse to the Company, there could be a material adverse effect on the financial condition, results of operations or cash flow of the Company.

Guarantees

As of December 31, 2012, the Company has $59.7 million of bank guarantees securing primarily customer prepayments, performance and product warranties. See Note 10, “Debt” for discussion regarding the Company’s letters of credit outstanding as of December 31, 2012.

Minimum Lease Obligations

The Company’s minimum rental obligations under non-cancelable operating leases are as follows:

	December 31, 2012
	(In thousands)
2013	$	30,166
2014		21,324
2015		16,235
2016		10,440
2017		6,639
Thereafter		40,885
Total	$	125,689

The Company’s operating leases extend for varying periods and, in some cases, contain renewal options that would extend the existing terms. During the years ended December 31, 2012, 2011 and 2010, the Company’s net rental expense related to operating leases was $39.5 million, $4.9 million and $4.6 million, respectively.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Segment Information

12 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

17.

Segment Information

Upon the closing of the Charter Acquisition, the Company changed the composition of its reportable segments to reflect the changes in its internal organization resulting from the integration of the acquired businesses. The Company now reports its operations through the following reportable segments:

Gas & Fluid Handling– a global supplier of a broad range of gas- and fluid-handling products, including pumps, fluid-handling systems and controls, specialty valves, heavy-duty centrifugal and axial fans, rotary heat exchangers and gas compressors, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets; and

Fabrication Technology –a global supplier of welding equipment and consumables, cutting equipment and consumables and automated welding and cutting systems.

Certain amounts not allocated to the two reportable segments and intersegment eliminations are reported under the heading “Corporate and other.” The Company’s management evaluates the operating results of each of its reportable segments based upon Net sales and segment operating income (loss), which represents Operating income before Restructuring and other related charges.

The Company’s segment results were as follows:

	Year Ended December 31,
	2012			2011			2010
	(In thousands)
Net Sales:
Gas and fluid handling	$	1,901,132		$	693,392		$	541,987
Fabrication technology		2,012,724			—			—
Total Net sales	$	3,913,856		$	693,392		$	541,987

*Segment operating income (loss)⁽¹⁾:*
Gas and fluid handling	$	141,524		$	86,664		$	65,357
Fabrication technology		140,184			—			—
Corporate and other		(81,639	)		(51,078	)		(20,662	)
Total segment operating income	$	200,069		$	35,586		$	44,695

Depreciation and Amortization:
Gas and fluid handling	$	112,389		$	22,375		$	15,823
Fabrication technology		69,708			—			—
Corporate and other		18,303			958			984
Total depreciation and amortization	$	200,400		$	23,333		$	16,807

Capital Expenditures:
Gas and fluid handling	$	42,343		$	14,420		$	12,118
Fabrication technology		41,146			—			—
Corporate and other		97			366			409
Total capital expenditures	$	83,586		$	14,786		$	12,527

________

⁽¹⁾

The following is a reconciliation of Income before income taxes to segment operating income:

	Year Ended December 31,
	2012		2011		2010
	(In thousands)
Income before income taxes	$	48,439	$	19,987	$	27,688
Interest expense		91,570		5,919		6,684
Restructuring and other related charges		60,060		9,680		10,323
Segment operating income	$	200,069	$	35,586	$	44,695

	Year Ended December 31,
	2012		2011
	(In thousands)
Investment in Equity Method Investees:
Gas and fluid handling	$	11,451	$	7,680
Fabrication technology		44,106		—
	$	55,557	$	7,680
Total Assets:
Gas and fluid handling	$	3,329,948	$	947,773
Fabrication technology		2,565,582		—
Corporate and other		234,197		140,770
	$	6,129,727	$	1,088,543

The detail of the Company’s operations by geography and product type is as follows:

	Year Ended December 31,
	2012		2011		2010
	(In thousands)
Net Sales by Origin:
United States	$	789,259	$	207,459	$	183,803
Foreign locations		3,124,597		485,933		358,184
Total Net sales	$	3,913,856	$	693,392	$	541,987

Net Sales by Major Product:
Gas handling	$	1,242,371	$	—	$	—
Fluid handling		658,761		693,392		541,987
Welding and cutting		2,012,724		—		—
Total Net sales	$	3,913,856	$	693,392	$	541,987

	December 31,
	2012		2011
	(In thousands)
Property, Plant and Equipment, Net:
United States	$	127,719	$	28,699
Foreign locations		560,851		62,240
Property, plant and equipment, net	$	688,570	$	90,939

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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-Topic 280
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Selected Quarterly Data-(unaudited)

12 Months Ended

Dec. 31, 2012

Selected Quarterly Financial Information [Abstract]

Quarterly Financial Information [Text Block]

18.

Selected Quarterly Data–(unaudited)

Provided below is selected unaudited quarterly financial data for the years ended December 31, 2012 and 2011.

	Quarter Ended
	March 30, 2012⁽¹⁾⁽²⁾			June 29, 2012⁽¹⁾⁽²⁾		September 28, 2012		December 31, 2012
	(In thousands, except per share data)
Net sales	$	886,366		$	1,045,653	$	954,440	$	1,027,397
Gross profit		241,706			314,862		287,987		307,570
Net (loss) income		(100,461	)		18,632		14,499		25,066
Net (loss) income attributable to Colfax Corporation common shareholders		(109,332	)		7,293		4,022		14,664
Net (loss) income per share – basic	$	(1.33	)	$	0.07	$	0.04	$	0.14
Net (loss) income per share – diluted	$	(1.33	)	$	0.07	$	0.04	$	0.13

__________

⁽¹⁾

Net (loss) income and Net (loss) income per share for the three months ended March 30, 2012 and June 29 2012, include $42.9 million and $0.8 million of pre-tax Charter acquisition-related expense. See Note 4, “Acquisitions” for additional information regarding the Company’s acquisition of Charter.

⁽²⁾

Gross profit for the three months ended March 30, 2012 and June 29, 2012 reflects the reclassification of $13.7 million and $13.0 million, respectively, of additional Cost of sales, which was included in Selling, general and administrative expense in the Condensed Consolidated Statements of Operations included in the respective quarterly report on Form 10-Q. These amounts were reclassified in order to comply with current period presentation.

	Quarter Ended
	April 1, 2011		July 1, 2011		September 30, 2011⁽¹⁾		December 31, 2011⁽¹⁾
	(In thousands, except per share data)
Net sales	$	158,558	$	186,749	$	170,294	$	177,791
Gross profit		53,254		64,674		60,627		61,544
Net income (loss)		6,555		10,390		3,690		(16,080	)
Net income (loss) per share – basic	$	0.15	$	0.24	$	0.08	$	(0.37	)
Net income (loss) per share – diluted	$	0.15	$	0.23	$	0.08	$	(0.37	)

__________

⁽¹⁾

Net income (loss) and Net income (loss) per share for the three months ended September 30, 2011 and December 31, 2011 include $5.7 million and $25.3 million, respectively, of pre-tax Charter acquisition-related expense. See Note 4, “Acquisitions” for additional information regarding the Company’s acquisition of Charter.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References + Details

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2012

Valuation and Qualifying Accounts [Abstract]

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

COLFAX CORPORATION AND SUBSIDIARIES

SCHEDULE II–VALUATION AND QUALIFYING ACCOUNTS

	Balance at Beginning of Period		Charged to Cost and Expense⁽¹⁾		Charged to Other Accounts⁽²⁾		Write-Offs Write-Downs and Deductions			Acquisitions		Foreign Currency Translation			Balance at End of Period
	(In thousands)
Year Ended December 31, 2012:
Allowance for doubtful accounts	$	2,578	$	13,917	$	—	$	(192	)	$	—	$	161		$	16,464
Allowance for excess slow-moving and obsolete inventory		6,735		3,341		—		(1,001	)		—		146			9,221
Valuation allowance for deferred tax assets		79,855		103,785		20,676		—			167,723		—			372,039
Year Ended December 31, 2011:
Allowance for doubtful accounts	$	2,562	$	112	$	—	$	(70	)	$	—	$	(26	)	$	2,578
Allowance for excess slow-moving and obsolete inventory		7,777		181		—		(1,258	)		—		35			6,735
Valuation allowance for deferred tax assets		52,891		16,621		10,346		—			—		(3	)		79,855
Year Ended December 31, 2010:
Allowance for doubtful accounts	$	2,837	$	218	$	—	$	(405	)	$	—	$	(88	)	$	2,562
Allowance for excess slow-moving and obsolete inventory		8,025		1,942		—		(1,849	)		—		(341	)		7,777
Valuation allowance for deferred tax assets		45,053		4,407		3,666		(180	)		—		(55	)		52,891

__________

⁽¹⁾

Amounts charged to other accounts is net of recoveries for the respective period.

⁽²⁾

Represents amount charged to Accumulated other comprehensive loss.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2012

Accounting Policies [Abstract]

Consolidation, Policy [Policy Text Block]

Principles of Consolidation

Equity Method Investments, Policy [Policy Text Block]

Equity Method Investments

Revenue Recognition, Policy [Policy Text Block]

Revenue Recognition

The Company recognizes revenue and cost of sales on gas-handling construction projects using the “percentage of completion method” in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Under this method, contract revenues are recognized over the performance period of the contract in direct proportion to the costs incurred as a percentage of total estimated costs for the entirety of the contract. Any recognized revenues that have not been billed to a customer are recorded as a component of Trade receivables and any billings of customers in excess of recognized revenues are recorded as a component of Accounts payable. As of December 31, 2012, there were $97.1 million of revenues in excess of billings and $178.3 million of billings in excess of revenues on construction contracts in the Consolidated Balance Sheet.

Amounts billed for shipping and handling are recorded as revenue. Shipping and handling expenses are recorded as a component of Cost of sales.

Taxes Collected From Customers and Remitted To Governmental Authorities [Policy Text Block]

Taxes Collected from Customers and Remitted to Governmental Authorities

Research and Development Expense, Policy [Policy Text Block]

Research and Development Expense

Advertising Costs, Policy [Policy Text Block]

Advertising Costs

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

Cash and cash equivalents include all financial instruments purchased with an initial maturity of three months or less.

Trade and Other Accounts Receivable, Policy [Policy Text Block]

Trade Receivables

Inventory, Policy [Policy Text Block]

Inventories

Property, Plant and Equipment, Policy [Policy Text Block]

Property, Plant and Equipment

Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block]

Impairment of Goodwill and Indefinite-Lived Intangible Assets

Goodwill represents the costs in excess of the fair value of net assets acquired associated with acquisitions by the Company. Indefinite-lived intangible assets consist of trade names.

The analyses performed as of September 29, 2012, October 1, 2011 and October 2, 2010 indicated no impairment to be present.

Impairment Of Long-Lived Assets Other Than Goodwill and Indefinite-Lived Intangible Assets [Policy Text Block]

Impairment of Long-Lived Assets Other than Goodwill and Indefinite-Lived Intangible Assets

Derivatives, Policy [Policy Text Block]

Derivatives

See Note 14, “Financial Instruments and Fair Value Measurements” for additional information regarding the Company’s derivative instruments.

Self-Insurance [Policy Text Block]

Self-Insurance

	December 31,
	2012		2011
	(In thousands)
Medical insurance	$	383	$	1,086
Workers’ compensation		260		246
Total self-insurance reserves	$	643	$	1,332

Warranty Costs [Policy Text Block]

Warranty Costs

The activity in the Company’s warranty liability, which is included in Other accrued liabilities in the Company’s Consolidated Financial Statements consisted of the following:

	Year Ended December 31,
	2012			2011			2010
	(In thousands)
Warranty liability, beginning of period	$	2,987		$	2,963		$	2,852
Accrued warranty expense		10,468			2,491			2,079
Changes in estimates related to pre-existing warranties		9			(368	)		(589	)
Cost of warranty service work performed		(23,457	)		(2,479	)		(1,264	)
Acquisitions		51,367			477			—
Foreign exchange translation effect		(937	)		(97	)		(115	)
Warranty liability, end of period	$	40,437		$	2,987		$	2,963

Income Tax, Policy [Policy Text Block]

Income Taxes

Foreign Currency Transactions and Translations Policy [Policy Text Block]

Foreign Currency Exchange Gains and Losses

Debt, Policy [Policy Text Block]

Debt Issuance Costs and Debt Discount

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

Reclassification, Policy [Policy Text Block]

Reclassifications

Given the impact of the Charter Acquisition on the Consolidated Financial Statements, certain prior period amounts have been reclassified to conform to current year presentations.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Accounting Policies [Abstract]

Schedule Of Self Insurance [Table Text Block]

The Company’s reserves, included in Other accrued liabilities in the Consolidated Balance Sheets, related to self-insurance are as follows:

	December 31,
	2012		2011
	(In thousands)
Medical insurance	$	383	$	1,086
Workers’ compensation		260		246
Total self-insurance reserves	$	643	$	1,332

Schedule of Product Warranty Liability [Table Text Block]

The activity in the Company’s warranty liability, which is included in Other accrued liabilities in the Company’s Consolidated Financial Statements consisted of the following:

	Year Ended December 31,
	2012			2011			2010
	(In thousands)
Warranty liability, beginning of period	$	2,987		$	2,963		$	2,852
Accrued warranty expense		10,468			2,491			2,079
Changes in estimates related to pre-existing warranties		9			(368	)		(589	)
Cost of warranty service work performed		(23,457	)		(2,479	)		(1,264	)
Acquisitions		51,367			477			—
Foreign exchange translation effect		(937	)		(97	)		(115	)
Warranty liability, end of period	$	40,437		$	2,987		$	2,963

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2012

Business Acquisition, Pro Forma Information [Table Text Block]

	Year Ended December 31,
	2012		2011
	(Unaudited, in thousands)
Net sales	$	4,096,401	$	4,027,796
Net income (loss) available to Colfax common shareholders⁽¹⁾		88,212		(116,862	)

__________

Charter International Plc [Member]

Schedule of Purchase Price Allocation [Table Text Block]

	January 13,
	2012
	(In thousands)
Trade receivables	$	683,976
Inventories		449,906
Property, plant and equipment		562,129
Goodwill		1,625,635
Intangible assets		715,643
Accounts payable		(378,114	)
Debt		(399,466	)
Other assets and liabilities, net		(466,457	)
		2,793,252
Less: net assets attributable to noncontrolling interest		(241,201	)
Net consideration	$	2,552,051

Schedule Of Acquired Intangible Assets [Table Text Block]

The following table summarizes Intangible assets acquired, excluding Goodwill, as of January 13, 2012:

	Intangible		Weighted-Average
	Asset		Amortization
	(In thousands)		Period (Years)

Customer relationships	$	215,310		7.10
Acquired technology		77,485		10.33
Backlog		54,805		1.00
Trademarks		4,415		5.00
Total amortizable intangible assets	$	352,015		6.84
Trade names – indefinite life	$	363,628		n/a

Soldex S.A [Member]

Schedule of Purchase Price Allocation [Table Text Block]

	October 31,
	2012
	(In thousands)
Trade receivables	$	22,848
Inventories		32,985
Property, plant and equipment		28,921
Goodwill		115,571
Intangible assets		65,325
Accounts payable		(6,682	)
Debt		(36,734	)
Other assets and liabilities, net		(33,654	)
		188,580
Less: net assets attributable to noncontrolling interest		(18,028	)
Net consideration	$	170,552

Schedule Of Acquired Intangible Assets [Table Text Block]

The following table summarizes Intangible assets acquired, excluding Goodwill, as of October 31, 2012:

	Intangible		Weighted-Average
	Asset		Amortization
	(In thousands)		Period (Years)

Customer relationships	$	51,673		20.00
Acquired technology		3,261		10.00
Total amortizable intangible assets	$	54,934		19.41
Trade names – indefinite life	$	10,391		n/a

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References + Details

Net (Loss) Income Per Share (Tables)

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Net (loss) income per share available to Colfax Corporation common shareholders was computed as follows:

	Year Ended December 31,
	2012			2011		2010
	(In thousands, except share data)
Net (loss) income available to Colfax Corporation common shareholders	$	(83,353	)	$	4,555	$	16,215
Weighted-average shares of Common stock outstanding – basic		91,069,640			43,634,937		43,389,878
Net effect of potentially dilutive securities⁽¹⁾		—			633,173		277,347
Weighted-average shares of Common stock outstanding – diluted		91,069,640			44,268,110		43,667,225

Net (loss) income per share – basic and diluted	$	(0.92	)	$	0.10	$	0.37

__________

⁽¹⁾

Potentially dilutive securities consist of stock options and restricted stock units.

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Income before income taxes and Provision for income taxes consisted of the following:

	Year Ended December 31,
	2012			2011			2010
	(In thousands)
(Loss) income before income taxes:
Domestic operations	$	(73,467	)	$	(27,645	)	$	(12,737	)
Foreign operations		121,906			47,632			40,425
	$	48,439		$	19,987		$	27,688

Provision for (benefit from) income taxes:
Current:
Federal	$	—		$	182		$	(30	)
State		362			(94	)		261
Foreign		83,119			17,066			11,538
		83,481			17,154			11,769
Deferred:
Domestic operations		50,340			—			—
Foreign operations		(43,118	)		(1,722	)		(296	)
		7,222			(1,722	)		(296	)
	$	90,703		$	15,432		$	11,473

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The Company’s Provision for income taxes differs from the amount that would be computed by applying the U.S. federal statutory rate as follows:

	Year Ended December 31,
	2012			2011			2010
	(In thousands)
Taxes calculated at the U.S. federal statutory rate	$	16,954		$	6,995		$	9,691
State taxes		362			(421	)		(5	)
Effect of international tax rates		(24,070	)		(2,988	)		(2,522	)
Change in enacted international tax rates		(12,305	)		—			—
Changes in valuation allowance and tax reserves		106,802			11,177			3,827
Other		2,960			669			482
Provision for income taxes	$	90,703		$	15,432		$	11,473

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	December 31,
	2012			2011
	(In thousands)
Deferred tax assets:
Post-retirement benefit obligation	$	124,487		$	39,172
Expenses currently not deductible		124,537			50,121
Net operating loss carryover		288,017			51,614
Tax credit carryover		11,706			5,882
Depreciation and amortization		17,010			—
Other		7,228			1,358
Valuation allowance		(372,039	)		(79,855	)
Deferred tax assets, net	$	200,946		$	68,292

Deferred tax liabilities:
Depreciation and amortization	$	(286,173	)	$	(13,437	)
Post-retirement benefit obligation		(4,843	)		—
Inventory		(4,400	)		—
Other		(29,620	)		(14,688	)
Total deferred tax liabilities	$	(325,036	)	$	(28,125	)
Total deferred tax (liabilities) assets, net	$	(124,090	)	$	40,167

Schedule Of Unrecognized Tax Benefits, Excluding Amounts Pertaining To Examined Tax Returns Roll Forward [Table Text Block]

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows:

	(In thousands)
Balance, December 31, 2010	$	8,896
Addition for tax positions taken in prior periods		852
Addition for tax positions taken in the current period		191
Reduction for tax positions taken in prior periods		(5,802	)
Other, including the impact of foreign currency translation		(60	)
Balance, December 31, 2011		4,077
Aquisitions		73,249
Addition for tax positions taken in prior periods		1,391
Addition for tax positions taken in the current period		5,241
Reduction for tax positions taken in prior periods		(3,695	)
Other, including the impact of foreign currency translation		4,393
Balance, December 31, 2012	$	84,656

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References + Details

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]

The following table summarizes the activity in Goodwill, by segment during the years ended December 31, 2012 and 2011:

	Gas and Fluid Handling			Fabrication Technology		Total
				(In thousands)
Balance, January 1, 2011	$	172,338		$	—	$	172,338
Goodwill attributable to Rosscor acquisition		10,212			—		10,212
Goodwill attributable to COT-Puritech acquisition		25,073			—		25,073
Impact of foreign currency translation		(2,779	)		—		(2,779	)
Balance, December 31, 2011		204,844			—		204,844
Goodwill attributable to Charter Acquisition		933,545			692,090		1,625,635
Goodwill attributable to Soldex Acquisition		—			115,571		115,571
Goodwill attributable to other acquisitions		21,376			5,699		27,075
Impact of foreign currency translation		58,228			42,877		101,105
Balance, December 31, 2012	$	1,217,993		$	856,237	$	2,074,230

Schedule Of Intangible Assets [Table Text Block]

The following table summarizes the Intangible assets, excluding Goodwill:

	December 31,
	2012					2011
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
	(In thousands)
Trade names – indefinite life	$	401,123	$	—		$	6,803	$	—
Acquired customer relationships		300,253		(24,763	)		29,798		(12,987	)
Acquired technology		107,018		(12,466	)		17,961		(2,791	)
Acquired backlog		63,984		(62,432	)		3,451		(2,033	)
Other intangible assets		12,352		(6,020	)		4,962		(4,135	)
	$	884,730	$	(105,681	)	$	62,975	$	(21,946	)

Schedule Of Finite Lived Intangible Assets Amortization Expense [Table Text Block]

Amortization expense related to amortizable intangible assets was included in the Consolidated Statements of Operations as follows:

	Year Ended December 31,
	2012		2011		2010
	(In thousands)
Selling, general and administrative expense	$	85,106	$	7,821	$	3,501

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References + Details

Property, Plant and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

Property, Plant and Equipment, Net

		December 31,
	Depreciable Life	2012			2011
	(In years)	(In thousands)
Land	n/a	$	40,319		$	14,786
Buildings and improvements	5-40		314,216			38,642
Machinery and equipment	3-15		440,975			134,548
Software	3-5		70,092			16,948
			865,602			204,924
Accumulated depreciation			(177,032	)		(113,985	)
Property, plant and equipment, net		$	688,570		$	90,939

Inventories, Net (Tables)

12 Months Ended

Dec. 31, 2012

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventories, net consisted of the following:

	December 31,
	2012			2011
	(In thousands)
Raw materials	$	154,771		$	25,241
Work in process		99,459			26,376
Finished goods		263,211			20,378
		517,441			71,995
Less: customer progress billings		(14,571	)		(9,124	)
Less: allowance for excess, slow-moving and obsolete inventory		(9,221	)		(6,735	)
Inventories, net	$	493,649		$	56,136

Debt (Tables)

12 Months Ended

Dec. 31, 2012

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

Long-term debt consisted of the following:

	December 31,
	2012			2011
	(In thousands)
Term loans	$	1,682,177		$	72,500
Revolving credit facilities and other		46,134			39,018
Total Debt		1,728,311			111,518
Less: current portion		(34,799	)		(10,000	)
Long-term debt	$	1,693,512		$	101,518

Schedule of Maturities of Long-term Debt [Table Text Block]

The contractual maturities of the Company’s debt as of December 31, 2012 are as follows⁽¹⁾:

	(In thousands)
2013	$	34,799
2014		119,307
2015		190,557
2016		423,170
2017		145,167
Thereafter		870,667
Total contractual maturities		1,783,667
Debt discount		(55,356	)
Total debt	$	1,728,311

Equity (Tables)

12 Months Ended

Dec. 31, 2012

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The components of Accumulated other comprehensive loss, net of tax, are as follows:

	December 31,
	2012			2011
	(In thousands)
Foreign currency translation adjustment	$	104,718		$	(5,537	)
Unrealized loss on hedging activities		(3,980	)		(471	)
Net unrecognized pension and other post-retirement benefit cost		(247,332	)		(164,785	)
Accumulated other comprehensive loss	$	(146,594	)	$	(170,793	)

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]

The Company’s Consolidated Statements of Operations reflect the following amounts related to stock-based compensation:

	Year Ended December 31,
	2012		2011		2010
	(In thousands)
Stock-based compensation expense	$	9,373	$	4,908	$	3,137
Deferred tax benefit		305		1,719		1,120

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The following table shows the weighted-average assumptions used to calculate the fair value of stock option awards using the Black-Scholes option pricing model, as well as the weighted-average fair value of options granted:

	Year Ended December 31,
	2012			2011			2010

Expected period that options will be outstanding (in years)		5.41			4.50			4.50
Interest rate (based on U.S. Treasury yields at the time of grant)		0.99	%		2.10	%		2.38	%
Volatility		42.59	%		52.50	%		52.22	%
Dividend yield		—			—			—
Weighted-average fair value of options granted	$	13.14		$	9.68		$	5.63

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

Stock option activity is as follows:

	Number of Options			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (In years)		Aggregate Intrinsic Value⁽¹⁾ (In thousands)
Outstanding at January 1, 2012		1,461,157		$	14.76
Granted		1,265,781			33.37
Exercised		(425,782	)		12.59
Forfeited		(73,494	)		29.27
Expired		(17,546	)		14.96
Outstanding at December 31, 2012		2,210,116		$	25.35		5.63	$	33,142
Vested or expected to vest at December 31, 2012		2,178,251		$	25.28		5.62	$	32,828
Exercisable at December 31, 2012		614,885		$	14.40		4.20	$	15,653

Schedule of Nonvested Share Activity [Table Text Block]

The activity in the Company’s PRSUs and RSUs is as follows:

	PRSUs					RSUs
	Number of Units			Weighted- Average Grant Date Fair Value		Number of Units			Weighted- Average Grant Date Fair Value
Nonvested at January 1, 2012		324,447		$	15.99		64,263		$	14.71
Granted		283,804			33.48		38,511			33.30
Vested		(17,942	)		18.11		(44,140	)		15.40
Forfeited		(29,358	)		23.12		(3,758	)		28.94
Nonvested at December 31, 2012		560,951		$	24.40		54,876		$	26.23

Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2012

Accrued Liabilities [Abstract]

Schedule of Accrued Liabilities [Table Text Block]

Accrued liabilities in the Consolidated Balance Sheets consisted of the following:

	December 31,
	2012		2011
	(In thousands)
Accrued payroll	$	99,583	$	21,415
Advance payment from customers		61,431		14,704
Accrued taxes		39,919		4,911
Accrued asbestos-related liability		58,501		76,295
Warranty liability – current portion		35,678		2,987
Accrued restructuring liability – current portion		25,406		4,573
Accrued third-party commissions		12,320		5,884
Accrued Charter Acquisition-related liability		—		29,430
Other		108,195		15,808
Accrued liabilities	$	441,033	$	176,007

Schedule of Restructuring and Related Costs [Table Text Block]

The Company’s Consolidated Statements of Operations reflect the following amounts related to its restructuring activities:

	Year Ended December 31,
	2012		2011		2010
	(In thousands)
Restructuring and other related charges	$	60,060	$	9,680	$	10,323

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

A summary of the activity in the Company’s restructuring liability included in Accrued liabilities and Other liabilities in the Consolidated Balance Sheets is as follows:

	Year Ended December 31, 2012
	Balance at Beginning of Year		Acquisitions		Provisions		Payments			Foreign Currency Translation			Balance at End of Year⁽³⁾
	(In thousands)
Restructuring and other related charges:
Gas and Fluid Handling:
Termination benefits⁽¹⁾	$	3,868	$	—	$	7,062	$	(8,014	)	$	144		$	3,060
Facility closure costs⁽²⁾		633		—		1,301		(756	)		(1	)		1,177
Other related charges		72		—		289		(363	)		2			—
		4,573		—		8,652		(9,133	)		145			4,237
Fabrication Technology:
Termination benefits⁽¹⁾		—		6,276		30,292		(22,277	)		346			14,637
Facility closure costs⁽²⁾		—		3,994		10,584		(7,800	)		147			6,925
Other related charges		—		—		1,205		(1,174	)		2			33
		—		10,270		42,081		(31,251	)		495			21,595
Non-cash impairment						3,155
						45,236
Corporate and Other:
Termination benefits⁽¹⁾		—		—		3,020		(3,020	)		—			—
Facility closure costs⁽²⁾		—		—		1,899		(415	)		38			1,522
Other related charges		—		—		1,253		(1,253	)		—			—
		—		—		6,172		(4,688	)		38			1,522
	$	4,573	$	10,270		56,905	$	(45,072	)	$	678		$	27,354
Non-cash impairment						3,155
					$	60,060

__________

⁽¹⁾

⁽²⁾

Includes the cost of relocating associates, relocating equipment and lease termination expense in connection with the closure of facilities, discussed above.

⁽³⁾

As of December 31, 2012, $24.5 million and $1.9 million of the Company’s restructuring liability was included in Accrued liabilities and Other liabilities, respectively.

Defined Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2012

Compensation and Retirement Disclosure [Abstract]

Schedule Of Defined Benefit Plans Disclosures [Table Text Block]

The following table summarizes the total changes in the Company’s Pension and accrued post-retirement benefits and plan assets and includes a statement of the plans’ funded status:

	Pension Benefits						Other Post-Retirement Benefits
	Year Ended December 31,						Year Ended December 31,
	2012			2011			2012			2011
	(In thousands)
Change in benefit obligation:
Projected benefit obligation, beginning of year	$	347,911		$	331,288		$	15,397		$	13,803
Acquisitions		1,148,906			—			22,629			—
Service cost		3,381			1,383			110			—
Interest cost		67,745			16,408			1,507			690
Actuarial (gain) loss		135,715			25,764			(1,449	)		1,507
Settlement⁽¹⁾		—			(2,857	)		—			—
Foreign exchange effect		45,458			(1,921	)		—			—
Benefits paid		(84,333	)		(22,154	)		(2,675	)		(603	)
Other		355			—			—			—
Projected benefit obligation, end of year	$	1,665,138		$	347,911		$	35,519		$	15,397
Accumulated benefit obligation, end of year	$	1,641,252		$	343,767		$	33,405		$	—
Change in plan assets:
Fair value of plan assets, beginning of year	$	221,004		$	231,240		$	—		$	—
Acquisitions		954,919			—			—			—
Actual return on plan assets		100,153			6,864			—			—
Employer contribution⁽²⁾		58,494			8,684			2,675			603
Settlement⁽¹⁾		—			(3,388	)		—			—
Foreign exchange effect		37,359			(242	)		—			—
Benefits paid		(84,333	)		(22,154	)		(2,675	)		(603	)
Other		248			—			—			—
Fair value of plan assets, end of year	$	1,287,844		$	221,004		$	—		$	—
Funded status, end of year	$	(377,294	)	$	(126,907	)	$	(35,519	)	$	(15,397	)

Amounts recognized on the Consolidated Balance Sheet at December 31:

Non-current assets	$	31,826		$	—		$	—		$	—
Current liabilities		(5,639	)		(1,079	)		(3,076	)		(795	)
Non-current liabilities		(403,481	)		(125,828	)		(32,443	)		(14,602	)
Total	$	(377,294	)	$	(126,907	)	$	(35,519	)	$	(15,397	)

__________

⁽¹⁾

Represents the change in benefit obligation and plan assets related to the termination of a frozen pension plan of one of the Company’s non-U.S. subsidiaries.

⁽²⁾

Contributions during the year ended December 31, 2012 included $18.9 million of supplemental contributions to pension plans in the United Kingdom as a result of financing the Charter Acquisition.

The accumulated benefit obligation and fair value of plan assets for the pension plans with accumulated benefit obligations in excess of plan assets were $1.3 billion and $868.2 million, respectively, as of December 31, 2012 and $343.8 million and $221.0 million, respectively, as of December 31, 2011.

The projected benefit obligation and fair value of plan assets for the pension plans with projected benefit obligations in excess of plan assets were $1.3 billion and $864.6 million, respectively, as of December 31, 2012 and $347.9 million and $221.0 million, respectively, as of December 31, 2011.

	Foreign Pension Benefits
	Year Ended December 31,
	2012			2011
	(In thousands)
Change in benefit obligation:
Projected benefit obligation, beginning of year	$	97,108		$	95,136
Acquisitions		957,080			—
Service cost		3,381			1,383
Interest cost		49,291			5,132
Actuarial loss		85,167			5,704
Settlement⁽¹⁾		—			(2,857	)
Foreign exchange effect		45,458			(1,921	)
Benefits paid		(56,816	)		(5,469	)
Other		355			—
Projected benefit obligation, end of year	$	1,181,024		$	97,108
Accumulated benefit obligation, end of year	$	1,157,140		$	92,964
Change in plan assets:
Fair value of plan assets, beginning of year	$	32,339		$	34,071
Acquisitions		817,258			—
Actual return on plan assets		58,139			3,039
Employer contribution⁽²⁾		49,640			4,328
Settlement⁽¹⁾		—			(3,388	)
Foreign exchange effect		37,359			(242	)
Benefits paid		(56,816	)		(5,469	)
Other		248			—
Fair value of plan assets, end of year	$	938,167		$	32,339
Funded status, end of year	$	(242,857	)	$	(64,769	)

__________

⁽¹⁾

Represents the change in benefit obligation and plan assets related to the termination of a frozen pension plan of one of the Company’s non-U.S. subsidiaries.

Schedule Of Expected Benefit Payments [Table Text Block]

	Pension Benefits				Other Post-
	All Plans		Foreign Plans		Retirement Benefits
	(In thousands)
2013	$	88,543	$	58,090	$	3,076
2014		89,878		59,343		2,965
2015		89,937		59,450		2,821
2016		90,498		59,941		2,783
2017		93,000		62,654		2,676
Thereafter		469,090		321,728		9,899

Schedule of Allocation of Plan Assets [Table Text Block]

The following are the actual and target allocation percentages for the Company’s pension plan assets:

	Actual Asset Allocation December 31,						Target
	2012			2011			Allocation
U.S. Plans:
Equity securities:
U.S.		36	%		32	%	30% - 45%
International		15	%		16	%	10% - 20%
Fixed income		37	%		33	%	30% - 50%
Hedge funds		11	%		19	%	0% - 20%
Cash and cash equivalents		1	%		—		0% - 5%
Foreign Plans:
Equity securities		37	%		22	%	20% - 45%
Fixed income securities		58	%		54	%	50% - 80%
Cash and cash equivalents		2	%		23	%	0% - 25%
Other		3	%		1	%	0% -5%

Schedule Of Changes In Fair Value Of Plan Assets [Table Text Block]

	December 31, 2012
	Level One		Level Two		Level Three		Total
	(In thousands)
U.S. Plans:
Cash and cash equivalents	$	2,645	$	—	$	—	$	2,645
Equity securities:
U.S. large cap		89,293		—		—		89,293
U.S. small/mid cap		—		37,671		—		37,671
International		15,579		37,323		—		52,902
Fixed income mutual funds:
U.S. government and corporate		128,334		—		—		128,334
Multi-strategy hedge funds		—		—		38,832		38,832
Foreign Plans:
Cash and cash equivalents		19,594		—		—		19,594
Equity securities		234,228		108,598		—		342,826
Non-U.S. government and corporate bonds		250,891		298,160		—		549,051
Other⁽¹⁾		2,108		24,588		—		26,696
	$	742,672	$	506,340	$	38,832	$	1,287,844

__________

⁽¹⁾

Represents diversified portfolio funds and reinsurance contracts maintained for certain foreign plans.

	December 31, 2011
	Level One		Level Two		Level Three		Total
	(In thousands)
U.S. Plans:
Equity securities:
U.S. large cap	$	50,572	$	—	$	—	$	50,572
U.S. small/mid cap		10,633		—		—		10,633
International		29,400		—		—		29,400
Fixed income mutual funds:
U.S. government and corporate		40,561		—		—		40,561
High-yield bonds		15,258		—		—		15,258
Emerging markets debt		5,920		—		—		5,920
Multi-strategy hedge funds		—		—		36,321		36,321
Foreign Plans:
Cash and cash equivalents		7,595		—		—		7,595
Equity securities		6,953		—		—		6,953
Non-U.S. government bonds		—		17,576		—		17,576
Other⁽¹⁾		—		215		—		215
	$	166,892	$	17,791	$	36,321	$	221,004

__________

⁽¹⁾

Represents diversified portfolio funds and reinsurance contracts maintained for certain foreign plans.

Schedule Of Changes In Fair Value Of Plan Assets Included In Level Three [Table Text Block]

A summary of changes in the fair value of the Company’s pension assets included in Level Three of the fair value hierarchy is as follows:

	(In thousands)
Balance, January 1, 2010	$	26,769
Net purchases and sales		9,036
Realized loss		(316	)
Unrealized gain		853
Balance, December 31, 2010		36,342
Unrealized loss		(21	)
Balance, December 31, 2011		36,321
Realized loss		152
Unrealized gain		2,359
Balance, December 31, 2012	$	38,832

Schedule Of Other Comprehensive Income (Loss), Pension, Foreign Pension and Other Post Retirement Benefit Plans [Table Text Block]

	Pension Benefits									Other Post-Retirement Benefits
	Year Ended December 31,									Year Ended December 31,
	2012			2011			2010			2012			2011			2010
	(In thousands)
Components of Net Periodic Benefit Cost:
Service cost	$	3,381		$	1,383		$	1,168		$	110		$	—		$	—
Interest cost		67,743			16,408			16,514			1,507			690			553
Amortization		8,091			5,839			4,593			801			852			482
Plan combinations⁽¹⁾		—			—			2,877			—			—			—
Settlement loss		—			1,499			—			—			—			—
Other		28			—			—			—			—			—
Expected return on plan assets		(61,094	)		(18,101	)		(19,331	)		—			—			—
Net periodic benefit cost	$	18,149		$	7,028		$	5,821		$	2,418		$	1,542		$	1,035
Change in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss (Income):
Current year net actuarial loss (gain)	$	98,784		$	37,037		$	16,736		$	(1,449	)	$	1,507		$	3,671
Less amounts included in net periodic benefit cost:
Amortization of net loss		(8,012	)		(5,839	)		(4,593	)		(553	)		(604	)		(234	)
Settlement loss		—			(835	)		—			—			—			—
Amortization of prior service cost		(79	)		—			—			(248	)		(248	)		(248	)
Total recognized in Other comprehensive loss (income)	$	90,693		$	30,363		$	12,143		$	(2,250	)	$	655		$	3,189

__________

⁽¹⁾

Represents the transfer of assets associated with the pension obligation assumed by the Company for a group of former employees.

The following table sets forth the components of net periodic benefit cost and Other comprehensive loss of the foreign non-contributory defined benefit pension plans, included in the table above:

	Foreign Pension Benefits
	Year Ended December 31,
	2012			2011			2010
	(In thousands)
Components of Net Periodic Benefit Cost:
Service cost	$	3,381		$	1,383		$	1,168
Interest cost		49,291			5,132			4,138
Amortization		944			588			385
Plan combinations⁽¹⁾		—			—			2,877
Settlement loss		—			1,499			—
Other		28			—			—
Expected return on plan assets		(36,535	)		(1,400	)		(1,259	)
Net periodic benefit cost	$	17,109		$	7,202		$	7,309
Change in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss:
Current year net actuarial loss	$	65,689		$	4,101		$	5,062
Less amounts included in net periodic benefit cost:
Amortization of net loss		(865	)		(588	)		(385	)
Settlement loss		—			(835	)		—
Amortization of prior service cost		(79	)		—			—
Total recognized in Other comprehensive loss	$	64,745		$	2,678		$	4,677

__________

⁽¹⁾

Represents the transfer of assets associated with the pension obligation assumed by the Company for a group of former employees.

Schedule of Net Periodic Benefit Cost Not yet Recognized [Table Text Block]

	Pension Benefits				Other Post-Retirement Benefits
	December 31,				December 31,
	2012		2011		2012		2011
	(In thousands)
Net actuarial loss	$	275,211	$	184,532	$	5,676	$	7,677
Prior service cost		—		—		1,303		1,552
Total	$	275,211	$	184,532	$	6,979	$	9,229

	Pension Benefits		Other Post- Retirement Benefits
	(In thousands)
Net actuarial loss	$	10,151	$	465
Prior service cost		—		248
Total	$	10,151	$	713

Schedule Of Assumptions Used In Measurement Of Company's Benefit Obligations [Table Text Block]

The key economic assumptions used in the measurement of the Company’s pension and other post-retirement benefit obligations are as follows:

	Pension Benefits						Other Post-Retirement Benefits
	December 31,						December 31,
	2012			2011			2012			2011
Weighted-average discount rate:
All plans		4.0	%		4.2	%		3.4	%		4.2	%
Foreign plans		4.2	%		4.9	%		—			—

Weighted-average rate of increase in compensation levels for active foreign plans		1.5	%		2.6	%		—			—

Schedule of Net Periodic Benefit Cost Not yet Recognized [Table Text Block]

The key economic assumptions used in the computation of net periodic benefit cost are as follows:

	Pension Benefits									Other Post-Retirement Benefits
	Year Ended December 31,									Year Ended December 31,
	2012			2011			2010			2012			2011			2010
Weighted-average discount rate:
All plans		4.6	%		5.0	%		5.7	%		4.3	%		5.2	%		5.6	%
Foreign plans		4.7	%		5.1	%		5.6	%		—			—			—
Weighted-average expected return on plan assets:
All plans		5.3	%		7.7	%		8.3	%		—			—			—
Foreign plans		4.5	%		4.7	%		5.4	%		—			—			—
Weighted-average rate of increase in compensation levels for active foreign plans		1.3	%		2.6	%		2.2	%		—			—			—

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]

	1% Increase		1% Decrease
	(in thousands)
Effec Effect on total service and interest cost components for the year ended December 31, 2012	$	165	$	(142	)
Effect on post-retirement benefit obligation at December 31, 2012		3,149		(2,659	)

Financial Instruments and Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2012

Financial Instruments and Fair Value Measurements [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

A summary of the Company’s assets and liabilities that are measured at fair value on a recurring basis for each fair value hierarchy level is as follows:

	December 31, 2012
	Level One		Level Two		Level Three		Total
	(In thousands)
Assets:
Cash equivalents	$	133,878	$	—	$	—	$	133,878
Foreign currency contracts related to sales – designated as hedges		—		6,832		—		6,832
Foreign currency contracts related to sales – not designated as hedges		—		2,249		—		2,249
Foreign currency contracts related to purchases – designated as hedges		—		213		—		213
Foreign currency contracts related to purchases – not designated as hedges		—		1,077		—		1,077
Deferred compensation plans		—		2,542		—		2,542
	$	133,878	$	12,913	$	—	$	146,791

Liabilities:
Foreign currency contracts related to sales – designated as hedges	$	—	$	1,024	$	—	$	1,024
Foreign currency contracts related to sales – not designated as hedges		—		1,693		—		1,693
Foreign currency contracts related to purchases – designated as hedges		—		896		—		896
Foreign currency contracts related to purchases – not designated as hedges		—		1,062		—		1,062
Deferred compensation plans		—		2,542		—		2,542
Liability for contingent payments		—		—		6,517		6,517
	$	—	$	7,217	$	6,517	$	13,734

	December 31, 2011
	Level One		Level Two		Level Three		Total
	(In thousands)
Assets:
Cash equivalents	$	15,540	$	—	$	—	$	15,540
Foreign currency contracts – primarily related to customer sales contracts		—		5		—		5
	$	15,540	$	5	$	—	$	15,545

Liabilities:
Interest rate swap	$	—	$	471	$	—	$	471
Foreign currency contracts – acquisition-related		—		14,986		—		14,986
Foreign currency contracts – primarily related to customer sales contracts		—		371		—		371
Liability for contingent payments		—		—		4,359		4,359
	$	—	$	15,828	$	4,359	$	20,187

Schedule of Foreign Exchange Contracts, Statement of Financial Position [Table Text Block]

The Company had foreign currency contracts with the following notional values:

	December 31,
	2012		2011
	(In thousands)
Foreign currency contracts sold – not designated as hedges	$	301,185	$	—
Foreign currency contracts sold – designated as hedges		238,537		5,116
Foreign currency contracts purchased – not designated as hedges		121,741		—
Foreign currency contracts purchased – designated as hedges		37,065		—
Foreign currency contracts – acquisition related		—		4,249,954
Total foreign currency derivatives	$	698,528	$	4,255,070

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

The Company recognized the following in its Consolidated Financial Statements related to its derivative instruments:

	Year Ended December 31,
	2012			2011			2010
	(In thousands)
Contracts Designated as Hedges:
Interest Rate Swap:
Unrealized loss	$	—		$	(161	)	$	(1,201	)
Realized loss		(471	)		(1,479	)		(2,447	)
Foreign Currency Contracts – related to customer sales contracts:
Unrealized gain		2,120			—			—
Realized gain		2,297			—			—
Foreign Currency Contracts – related to supplier purchases contracts:
Unrealized loss		(374	)		—			—
Realized loss		(475	)		—			—
Unrealized loss on net investment hedge		(7,783	)		—			—
Contracts Not Designated in a Hedge Relationship:
Foreign Currency Contracts – acquisition-related:
Unrealized loss, net		—			(21,013	)		—
Realized loss, net		(7,177	)		—			—
Foreign Currency Contracts – primarily related to customer sales contracts:
Unrealized gain (loss)		778			(204	)		93
Realized gain (loss)		712			152			(838	)
Foreign Currency Contracts – related to supplier purchases contracts:
Unrealized (loss) gain		(560	)		81			—
Realized gain (loss)		868			(20	)		—

Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]

A summary of activity in the Company’s liability for contingent payments during the years ended December 31, 2011 and 2012 is as follows:

	(In thousands)
Balance, January 1, 2011	$	—
Additions		4,300
Interest accretion		59
Balance, December 31, 2011		4,359
Interest accretion		712
Unrealized loss		(1,446	)
Balance, December 31, 2012	$	6,517

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References + Details

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2012

Commitments and Contingencies Disclosure [Abstract]

Schedule Of Loss Contingencies By Claims Quantities [Table Text Block]

Claims activity since December 31 related to asbestos claims is as follows⁽¹⁾:

	Year Ended December 31,
	2012			2011			2010
	(Number of Claims)
Claims unresolved, beginning of period		23,682			24,764			25,295
Acquisitions		1,599			—			—
Claims filed⁽²⁾		4,335			4,927			3,692
Claims resolved⁽³⁾		(6,093	)		(6,009	)		(4,223	)
Claims unresolved, end of period		23,523			23,682			24,764

	(In dollars)
Average cost of resolved claims⁽⁴⁾	$	6,606		$	15,397		$	12,037

__________

⁽¹⁾

Excludes claims filed by one legal firm that have been “administratively dismissed.”

⁽²⁾

Claims filed include all asbestos claims for which notification has been received or a file has been opened.

⁽³⁾

⁽⁴⁾

Excludes claims settled in Mississippi for which the majority of claims have historically been resolved for no payment and insurance recoveries.

Schedule Of Asbestos Related Litigation [Table Text Block]

The Company’s Consolidated Balance Sheets included the following amounts for asbestos-related litigation:

	December 31,
	2012		2011
	(In thousands)
Current asbestos insurance asset⁽¹⁾	$	35,566	$	43,452
Current asbestos insurance receivable⁽¹⁾		36,778		33,696
Long-term asbestos insurance asset⁽²⁾		315,363		326,838
Long-term asbestos insurance receivable⁽²⁾		7,063		14,034
Accrued asbestos liability⁽³⁾		58,501		76,295
Long-term asbestos liability⁽⁴⁾		375,493		382,394

__________

⁽¹⁾

Included in Other current assets in the Consolidated Balance Sheets.

⁽²⁾

Included in Other assets in the Consolidated Balance Sheets.

⁽³⁾

⁽⁴⁾

Included in Other liabilities in the Consolidated Balance Sheets.

Operating Leases of Lessee Disclosure [Table Text Block]

The Company’s minimum rental obligations under non-cancelable operating leases are as follows:

	December 31, 2012
	(In thousands)
2013	$	30,166
2014		21,324
2015		16,235
2016		10,440
2017		6,639
Thereafter		40,885
Total	$	125,689

- Definition

Tabular disclosure of a lessee's leasing arrangements including: (1) the basis on which contingent rental payments are determined, (2) the existence and terms of renewal or purchase options and escalation clauses, (3) restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, (4) rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. Disclosure may also include the specific period used to amortize material leasehold improvements made at the inception of the lease or during the lease term. Additionally, for operating leases having initial or remaining noncancelable lease terms in excess of one year: (a) future minimum rental payments required as of the date of the latest balance sheet presented, in the aggregate and for each of the five succeeding fiscal years, (b) the total of minimum rentals to be received in the future under noncancelable subleases as of the date of the latest balance sheet presented, and (c) for all operating leases, rental expense for each period for which an income statement is presented, with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included.

+ References + Details

Segment Information (Tables)

12 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The Company’s segment results were as follows:

	Year Ended December 31,
	2012			2011			2010
	(In thousands)
Net Sales:
Gas and fluid handling	$	1,901,132		$	693,392		$	541,987
Fabrication technology		2,012,724			—			—
Total Net sales	$	3,913,856		$	693,392		$	541,987

*Segment operating income (loss)⁽¹⁾:*
Gas and fluid handling	$	141,524		$	86,664		$	65,357
Fabrication technology		140,184			—			—
Corporate and other		(81,639	)		(51,078	)		(20,662	)
Total segment operating income	$	200,069		$	35,586		$	44,695

Depreciation and Amortization:
Gas and fluid handling	$	112,389		$	22,375		$	15,823
Fabrication technology		69,708			—			—
Corporate and other		18,303			958			984
Total depreciation and amortization	$	200,400		$	23,333		$	16,807

Capital Expenditures:
Gas and fluid handling	$	42,343		$	14,420		$	12,118
Fabrication technology		41,146			—			—
Corporate and other		97			366			409
Total capital expenditures	$	83,586		$	14,786		$	12,527

________

⁽¹⁾

The following is a reconciliation of Income before income taxes to segment operating income:

	Year Ended December 31,
	2012		2011		2010
	(In thousands)
Income before income taxes	$	48,439	$	19,987	$	27,688
Interest expense		91,570		5,919		6,684
Restructuring and other related charges		60,060		9,680		10,323
Segment operating income	$	200,069	$	35,586	$	44,695

	Year Ended December 31,
	2012		2011
	(In thousands)
Investment in Equity Method Investees:
Gas and fluid handling	$	11,451	$	7,680
Fabrication technology		44,106		—
	$	55,557	$	7,680
Total Assets:
Gas and fluid handling	$	3,329,948	$	947,773
Fabrication technology		2,565,582		—
Corporate and other		234,197		140,770
	$	6,129,727	$	1,088,543

Schedule Of Revenue From External Customers Attributed To Foreign Countries By Geographic Area and Product Type [Table Text Block]

The detail of the Company’s operations by geography and product type is as follows:

	Year Ended December 31,
	2012		2011		2010
	(In thousands)
Net Sales by Origin:
United States	$	789,259	$	207,459	$	183,803
Foreign locations		3,124,597		485,933		358,184
Total Net sales	$	3,913,856	$	693,392	$	541,987

Net Sales by Major Product:
Gas handling	$	1,242,371	$	—	$	—
Fluid handling		658,761		693,392		541,987
Welding and cutting		2,012,724		—		—
Total Net sales	$	3,913,856	$	693,392	$	541,987

	December 31,
	2012		2011
	(In thousands)
Property, Plant and Equipment, Net:
United States	$	127,719	$	28,699
Foreign locations		560,851		62,240
Property, plant and equipment, net	$	688,570	$	90,939

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details

Selected Quarterly Data-(unaudited) (Tables)

12 Months Ended

Dec. 31, 2012

Selected Quarterly Financial Information [Abstract]

Schedule of Quarterly Financial Information [Table Text Block]

Provided below is selected unaudited quarterly financial data for the years ended December 31, 2012 and 2011.

	Quarter Ended
	March 30, 2012⁽¹⁾⁽²⁾			June 29, 2012⁽¹⁾⁽²⁾		September 28, 2012		December 31, 2012
	(In thousands, except per share data)
Net sales	$	886,366		$	1,045,653	$	954,440	$	1,027,397
Gross profit		241,706			314,862		287,987		307,570
Net (loss) income		(100,461	)		18,632		14,499		25,066
Net (loss) income attributable to Colfax Corporation common shareholders		(109,332	)		7,293		4,022		14,664
Net (loss) income per share – basic	$	(1.33	)	$	0.07	$	0.04	$	0.14
Net (loss) income per share – diluted	$	(1.33	)	$	0.07	$	0.04	$	0.13

__________

⁽¹⁾

⁽²⁾

	Quarter Ended
	April 1, 2011		July 1, 2011		September 30, 2011⁽¹⁾		December 31, 2011⁽¹⁾
	(In thousands, except per share data)
Net sales	$	158,558	$	186,749	$	170,294	$	177,791
Gross profit		53,254		64,674		60,627		61,544
Net income (loss)		6,555		10,390		3,690		(16,080	)
Net income (loss) per share – basic	$	0.15	$	0.24	$	0.08	$	(0.37	)
Net income (loss) per share – diluted	$	0.15	$	0.23	$	0.08	$	(0.37	)

__________

⁽¹⁾

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Workers' Compensation Liability, Current	$ 643	$ 1,332
Workers Compensations [Member]
Medical Insurance Reserve Current	260	246
Medical Insurance [Member]
Self Insurance Reserve, Current	$ 383	$ 1,086

Summary of Significant Accounting Policies (Details1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Warranty liability, beginning of period	$ 2,987	$ 2,963	$ 2,852
Accrued warranty expense	10,468	2,491	2,079
Changes in estimates related to pre-existing warranties	9	(368)	(589)
Cost of warranty service work performed	(23,457)	(2,479)	(1,264)
Acquisitions	51,367	477	0
Foreign exchange translation effect	(937)	(97)	(115)
Warranty liability, end of period	$ 40,437	$ 2,987	$ 2,963

Summary of Significant Accounting Policies (Details Textual) € in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Dec. 31, 2010 USD ($)	Dec. 31, 2012 EUR (€)	Jan. 25, 2012 EUR (€)	Jan. 13, 2012 EUR (€)
Costs in Excess of Billings on Uncompleted Contracts or Programs	$ 97.1
Billings in Excess of Cost	178.3
Foreign Currency Transaction Gain (Loss), before Tax	$ (1.2)	$ 0.2	$ (0.4)
Other Intangible Assets [Member] \| Maximum [Member]
Finite-Lived Intangible Asset, Useful Life	20 years
Other Intangible Assets [Member] \| Minimum [Member]
Finite-Lived Intangible Asset, Useful Life	3 years
Customer Relationships [Member]
Finite-Lived Intangible Asset, Useful Life	7 years
Assets Held Under Capital Leases [Member] \| Maximum [Member]
Property, Plant and Equipment, Estimated Useful Lives	15 years
Assets Held Under Capital Leases [Member] \| Minimum [Member]
Property, Plant and Equipment, Estimated Useful Lives	3 years
Other Assets [Member]
Deferred Costs and Other Assets	$ 11.4	4.3
Accumulated Amortization of Other Deferred Costs	2.9	2.5
Deutsche Bank Credit Agreement [Member] \| A Three Facility [Member]
Line of Credit Facility, Amount Outstanding \| €				€ 157,600	€ 157,600	€ 157,600
General and Administrative Expense [Member]
Research and Development Expense	19.4	5.7	6.2
Advertising Expense	15.7	1.2	$ 0.5
Impairment of Intangible Assets, Finite-lived		$ 0.1
Restructuring and Other Related Charges [Member]
Impairment of Intangible Assets, Finite-lived	$ 3.2

Acquisitions (Details) - USD ($) $ in Thousands	Oct. 31, 2012	Jan. 13, 2012
Charter International Plc [Member]
Trade receivables		$ 683,976
Inventories		449,906
Property, plant and equipment		562,129
Goodwill		1,625,635
Intangible assets		715,643
Accounts payable		(378,114)
Debt		(399,466)
Other assets and liabilities, net		(466,457)
Business Acquisition Purchase Price Allocation Assets Acquired Liabilities Assumed Including Portion Attribute To Noncontrolling Interest		2,793,252
Less: net assets attributable to noncontrolling interest		(241,201)
Net consideration		$ 2,552,051
Soldex S.A [Member]
Trade receivables	$ 22,848
Inventories	32,985
Property, plant and equipment	28,921
Goodwill	115,571
Intangible assets	65,325
Accounts payable	(6,682)
Debt	(36,734)
Other assets and liabilities, net	(33,654)
Business Acquisition Purchase Price Allocation Assets Acquired Liabilities Assumed Including Portion Attribute To Noncontrolling Interest	188,580
Less: net assets attributable to noncontrolling interest	(18,028)
Net consideration	$ 170,552

Acquisitions (Details 1) - USD ($) $ in Thousands		1 Months Ended
Acquisitions (Details 1) - USD ($) $ in Thousands	Jan. 13, 2012	Oct. 31, 2012
Charter International Plc [Member] \| Trade Names [Member]
Intangible Asset	$ 363,628
Charter International Plc [Member] \| Customer Relationships [Member]
Amortizable intangible asset	$ 215,310
Weighted-Average Amortization Period (in years)	7 years 1 month 6 days
Charter International Plc [Member] \| Acquired Technology [Member]
Amortizable intangible asset	$ 77,485
Weighted-Average Amortization Period (in years)	10 years 3 months 29 days
Charter International Plc [Member] \| Backlog [Member]
Amortizable intangible asset	$ 54,805
Weighted-Average Amortization Period (in years)	1 year
Charter International Plc [Member] \| Trademarks [Member]
Amortizable intangible asset	$ 4,415
Weighted-Average Amortization Period (in years)	5 years
Charter International Plc [Member] \| Intangible Assets [Member]
Amortizable intangible asset	$ 352,015
Weighted-Average Amortization Period (in years)	6 years 10 months 2 days
Soldex S.A [Member] \| Trade Names [Member]
Intangible Asset	$ 10,391
Soldex S.A [Member] \| Customer Relationships [Member]
Amortizable intangible asset		$ 51,673
Weighted-Average Amortization Period (in years)		20 years
Soldex S.A [Member] \| Acquired Technology [Member]
Amortizable intangible asset		$ 3,261
Weighted-Average Amortization Period (in years)		10 years
Soldex S.A [Member] \| Intangible Assets [Member]
Amortizable intangible asset		$ 54,934
Weighted-Average Amortization Period (in years)		19 years 4 months 28 days

Acquisitions (Details 2) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Net sales

$ 4,096,401

$ 4,027,796

Net income (loss) available to Colfax common shareholders(1)

^[1]

$ 88,212

$ (116,862)

[1]

Proforma net loss available to Colfax common shareholders for the year ended December 31, 2011 reflects the impact of certain expenses included in the Consolidated Statements of Operations for the year ended December 31, 2012, but excluded from the calculation of proforma net income for that period. These expenses include increased acquisition-related amortization expense of $79.9 million, $43.6 million of Charter acquisition-related expense, and a $50.3 million increase in the valuation allowance related to the Company's deferred tax assets in the U.S., discussed further in Note 6, "Income Taxes."

Acquisitions (Details Textual) $ / shares in Units, $ in Thousands				1 Months Ended	3 Months Ended				12 Months Ended
	Apr. 13, 2012 USD ($)	Jan. 13, 2012 $ / shares	Jan. 13, 2012 £ / shares	May 31, 2012 USD ($)	Jun. 29, 2012 USD ($)	Mar. 30, 2012 USD ($)	Dec. 31, 2011 USD ($)	Sep. 30, 2011 USD ($)	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Dec. 31, 2010 USD ($)	Sep. 13, 2012 USD ($)	Dec. 06, 2011 USD ($)	Feb. 14, 2011 USD ($)	Aug. 19, 2010 USD ($)
Business Combination Increased Acquisition Related Amortization Expense									$ 79,900
Business Combination Increased Valuation Allowance									50,300
Charter acquisition-related expense					$ 800	$ 42,900	$ 25,300	$ 5,700	$ 43,617	$ 31,052	$ 0
Charter International Plc [Member]
Business Acquisition Cash Paid To Acquiree Shareholders (in pence) \| £ / shares			£ 730
Business Acquisition Shares Newly Issues To Acquiree Shareholders \| $ / shares		$ 0.1241
Covent [Member]
Equity Method Investment Ownership Value												$ 34,600
Rosscor Holding B V [Member]
Equity Method Investment Ownership Value														$ 22,300
Baric Group [Member]
Equity Method Investment Ownership Value															$ 27,000
Business Acquisition Additional Working Capital Settlement											$ 200
Cot Puritech, Inc [Member]
Equity Method Investment Ownership Value													$ 39,400
Business Acquisition Additional Working Capital Settlement													$ 4,300
Esab India [Member]
Percentages Of Ownership Interest	56.00%
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions	74.00%
Equity Method Investment Ownership Value	$ 29,300
Sibes [Member]
Percentages Of Ownership Interest				16.00%
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions				100.00%
Equity Method Investment Ownership Value				$ 8,500

Net (Loss) Income Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2012

Sep. 28, 2012

Jun. 29, 2012

^[1],[2]

Mar. 30, 2012

^[1],[2]

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Net (loss) income available to Colfax Corporation common shareholders

$ 14,664

$ 4,022

$ 7,293

$ (109,332)

$ (83,353)

$ 4,555

$ 16,215

Weighted-average shares of Common stock outstanding - basic (in shares)

91,069,640

43,634,937

43,389,878

Net effect of potentially dilutive securities(1)

^[3]

633,173

277,347

Weighted-average shares of Common stock outstanding - diluted (in shares)

91,069,640

44,268,110

43,667,225

Net (loss) income per share - basic and diluted (in dollars per share)

$ (0.92)

$ 0.10

$ 0.37

[1]	Gross profit for the three months ended March 30, 2012 and June 29, 2012 reflects the reclassification of $13.7 million and $13.0 million, respectively, of additional Cost of sales, which was included in Selling, general and administrative expense in the Condensed Consolidated Statements of Operations included in the respective quarterly report on Form 10-Q. These amounts were reclassified in order to comply with current period presentation.
[2]	Net (loss) income and Net (loss) income per share for the three months ended March 30, 2012 and June 29 2012, include $42.9 million and $0.8 million of pre-tax Charter acquisition-related expense. See Note 4, "Acquisitions" for additional information regarding the Company's acquisition of Charter.
[3]	Potentially dilutive securities consist of stock options and restricted stock units.

- Definition

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

+ References + Details

- Definition

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1448-109256

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Weighted-Average Number of Common Shares Outstanding
-URI http://asc.fasb.org/extlink&oid=6528421

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Net (Loss) Income Per Share (Details Textual) - shares shares in Millions	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2.8	0.5	1.3

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
(Loss) income before income taxes:
Domestic operations	$ (73,467)	$ (27,645)	$ (12,737)
Foreign operations	121,906	47,632	40,425
Income (loss) before income taxes	48,439	19,987	27,688
Current:
Federal	0	182	(30)
State	362	(94)	261
Foreign	83,119	17,066	11,538
Income Taxes Paid	83,481	17,154	11,769
Deferred:
Domestic operations	50,340	0	0
Foreign operations	(43,118)	(1,722)	(296)
Deferred income tax provision (benefit)	7,222	(1,722)	(296)
Provision for income taxes	$ 90,703	$ 15,432	$ 11,473

Income Taxes (Details 1) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details 1) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Taxes calculated at the U.S. federal statutory rate	$ 16,954	$ 6,995	$ 9,691
State taxes	362	(421)	(5)
Effect of international tax rates	(24,070)	(2,988)	(2,522)
Change in enacted international tax rates	(12,305)	0	0
Changes in valuation allowance and tax reserves	106,802	11,177	3,827
Other	2,960	669	482
Provision for income taxes	$ 90,703	$ 15,432	$ 11,473

Income Taxes (Details 2) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Deferred tax assets:
Post-retirement benefit obligation	$ 124,487	$ 39,172
Expenses currently not deductible	124,537	50,121
Net operating loss carryover	288,017	51,614
Tax credit carryover	11,706	5,882
Depreciation and amortization	17,010	0
Other	7,228	1,358
Valuation allowance	(372,039)	(79,855)
Deferred tax assets, net	200,946	68,292
Deferred tax liabilities:
Depreciation and amortization	(286,173)	(13,437)
Post-retirement benefit obligation	(4,843)	0
Inventory	(4,400)	0
Other	(29,620)	(14,688)
Total deferred tax liabilities	(325,036)	(28,125)
Total deferred tax (liabilities) assets, net	$ (124,090)	$ 40,167

Income Taxes (Details 3) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details 3) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Balance	$ 4,077	$ 8,896
Acquisitions	73,249
Addition for tax positions taken in prior periods	1,391	852
Addition for tax positions taken in the current period	5,241	191
Reduction for tax positions taken in prior periods	(3,695)	(5,802)
Other, including the impact of foreign currency translation	4,393	(60)
Balance	$ 84,656	$ 4,077

Income Taxes (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
Income Taxes (Details Textual) - USD ($)	Sep. 28, 2012	Sep. 30, 2011	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued			$ 16,500,000	$ 400,000
Unrecognized Tax Benefits To Offset Interest And Penalties			500,000	500,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	$ 600,000	$ 100,000	1,300,000	100,000	$ 100,000
Expected Reduction In Tax Expenses			60,000,000
Valuation Allowance, Deferred Tax Asset, Change in Amount				27,000,000
Operating Loss Carryforwards			$ 293,900,000
Operating Loss Carryforwards, Expiration Dates			expiring in years 2021 through 2032
Minimum Tax Credit			$ 7,700,000
Unremitted Earnings			251,100,000
Balance, March 30, 2012			84,656,000	4,077,000	$ 8,896,000
Income Tax Examination, Penalties and Interest Expense			103,800,000	400,000
Liability for Uncertain Tax Positions, Current			84,200,000	3,600,000
Business Acquisition, Revenue Reported by Acquired Entity for Last Annual Period			167,700,000	16,700,000
Amount Recognized in Net Periodic Benefit Cost and Other Comprehensive Income (Loss), before Tax			20,600,000	$ 10,300,000
Minimum [Member]
Valuation Allowance, Deferred Tax Asset, Change in Amount			79,900,000
Maximum [Member]
Valuation Allowance, Deferred Tax Asset, Change in Amount			$ 372,000,000

Goodwill and Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Beginning Balance	$ 204,844	$ 172,338
Impact of foreign currency translation	101,105	(2,779)
Ending Balance	2,074,230	204,844
Charter Acquisition [Member]
Goodwill attributable	1,625,635
Other [Member]
Goodwill attributable	27,075
Soldex Acquisition [Member]
Goodwill attributable	115,571
Rosscor Holding B V [Member]
Goodwill attributable		10,212
Cot Puritech Acquisition [Member]
Goodwill attributable		25,073
Gas and Fluid Handling [Member]
Beginning Balance	204,844	172,338
Impact of foreign currency translation	58,228	(2,779)
Ending Balance	1,217,993	204,844
Gas and Fluid Handling [Member] \| Charter Acquisition [Member]
Goodwill attributable	933,545
Gas and Fluid Handling [Member] \| Other [Member]
Goodwill attributable	21,376
Gas and Fluid Handling [Member] \| Soldex Acquisition [Member]
Goodwill attributable	0
Gas and Fluid Handling [Member] \| Rosscor Holding B V [Member]
Goodwill attributable		10,212
Gas and Fluid Handling [Member] \| Cot Puritech Acquisition [Member]
Goodwill attributable		25,073
Fabrication Technology [Member]
Beginning Balance	0	0
Impact of foreign currency translation	42,877	0
Ending Balance	856,237	0
Fabrication Technology [Member] \| Charter Acquisition [Member]
Goodwill attributable	692,090
Fabrication Technology [Member] \| Other [Member]
Goodwill attributable	5,699
Fabrication Technology [Member] \| Soldex Acquisition [Member]
Goodwill attributable	$ 115,571
Fabrication Technology [Member] \| Rosscor Holding B V [Member]
Goodwill attributable		0
Fabrication Technology [Member] \| Cot Puritech Acquisition [Member]
Goodwill attributable		$ 0

Goodwill and Intangible Assets (Details 1) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Gross Carrying Amount	$ 884,730	$ 62,975
Accumulated Amortization	(105,681)	(21,946)
Trade Names [Member]
Gross Carrying Amount	401,123	6,803
Indefinite Lived Intangible Assets Accumulated Amortization Excluding Goodwill	0	0
Customer Relationships [Member]
Gross Carrying Amount	300,253	29,798
Accumulated Amortization	(24,763)	(12,987)
Acquired Technology [Member]
Gross Carrying Amount	107,018	17,961
Accumulated Amortization	(12,466)	(2,791)
Backlog [Member]
Gross Carrying Amount	63,984	3,451
Accumulated Amortization	(62,432)	(2,033)
Other Intangible Assets [Member]
Gross Carrying Amount	12,352	4,962
Accumulated Amortization	$ (6,020)	$ (4,135)

Goodwill and Intangible Assets (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Selling, General and Administrative Expenses [Member]
Amortization expense	$ 85,106	$ 7,821	$ 3,501

Goodwill and Intangible Assets (Details Textual) $ in Millions	Dec. 31, 2012 USD ($)
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	$ 40.3
Finite-Lived Intangible Assets, Amortization Expense, Year Two	38.9
Finite-Lived Intangible Assets, Amortization Expense, Year Three	37.3
Finite-Lived Intangible Assets, Amortization Expense, Year Four	37.3
Finite-Lived Intangible Assets, Amortization Expense, Year Five	$ 33.5

Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Property, Plant and Equipment, Gross	$ 865,602	$ 204,924
Accumulated depreciation	(177,032)	(113,985)
Property, plant and equipment, net	688,570	90,939
Land [Member]
Property, Plant and Equipment, Gross	40,319	14,786
Building and Improvements [Member]
Property, Plant and Equipment, Gross	314,216	38,642
Machinery and Equipment [Member]
Property, Plant and Equipment, Gross	440,975	134,548
Software [Member]
Property, Plant and Equipment, Gross	$ 70,092	$ 16,948
Minimum [Member] \| Building and Improvements [Member]
Property, Plant and Equipment, Estimated Useful Lives	5 years	5 years
Minimum [Member] \| Machinery and Equipment [Member]
Property, Plant and Equipment, Estimated Useful Lives	3 years	3 years
Minimum [Member] \| Software [Member]
Property, Plant and Equipment, Estimated Useful Lives	3 years	3 years
Maximum [Member] \| Building and Improvements [Member]
Property, Plant and Equipment, Estimated Useful Lives	40 years	40 years
Maximum [Member] \| Machinery and Equipment [Member]
Property, Plant and Equipment, Estimated Useful Lives	15 years	15 years
Maximum [Member] \| Software [Member]
Property, Plant and Equipment, Estimated Useful Lives	5 years	5 years

Property, Plant and Equipment, Net (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Software [Member]
Depreciation expense	$ 10.5	$ 1.7	$ 1.9
Property, Plant and Equipment [Member]
Depreciation expense	$ 71.7	$ 13.1	$ 12.1

Inventories, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Raw materials	$ 154,771	$ 25,241
Work in process	99,459	26,376
Finished goods	263,211	20,378
Inventory, Gross	517,441	71,995
Less: customer progress billings	(14,571)	(9,124)
Less: allowance for excess, slow-moving and obsolete inventory	(9,221)	(6,735)
Inventories, net	$ 493,649	$ 56,136

- Definition

The amount of the valuation account as of the balance sheet date which reduces the carrying amount of inventory to net realizable value; takes into consideration such factors as market value, excessive quantities based on expected sales, technological obsolescence, and shrinkage. May also provide for estimated product returns or price concessions pertaining to product cost.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.BB)
-URI http://asc.fasb.org/extlink&oid=6386940&loc=d3e100047-122729

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SX 210.12-09)
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24092-122690

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 35
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6386567&loc=d3e3927-108312

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Paragraph 14
-Chapter 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Paragraph 8, 9, 14
-Chapter 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Section A
-Paragraph 9
-Chapter 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 09
-Article 12

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 6
-Subparagraph a
-Article 5

+ Details

Debt (Details) - USD ($)
$ in Thousands

Dec. 31, 2012

Dec. 31, 2011

Total Debt

$ 1,728,311

^[1]

$ 111,518

Less: current portion

(34,799)

(10,000)

Long-term debt

1,693,512

101,518

Notes Payable To Banks [Member]

Total Debt

1,682,177

72,500

Revolving Credit Facilities and Other [Member]

Total Debt

$ 46,134

$ 39,018

[1]

Represents scheduled payments required under the Deutsche Bank Credit Agreement through the respective final maturities of the term A facilities through January 13, 2017 and the term B facility through January 13, 2019, as well as the contractual maturities of other debt outstanding as of December 31, 2012.

Debt (Details 1) - USD ($)
$ in Thousands

Dec. 31, 2012

Dec. 31, 2011

2013

^[1]

$ 34,799

2014

^[1]

119,307

2015

^[1]

190,557

2016

^[1]

423,170

2017

^[1]

145,167

Thereafter

^[1]

870,667

Total contractual maturities

^[1]

1,783,667

Debt discount

^[1]

(55,356)

Total debt

$ 1,728,311

^[1]

$ 111,518

[1]

Debt (Details Textual)
€ in Thousands, $ in Thousands

3 Months Ended

12 Months Ended

Mar. 30, 2012

USD ($)

Dec. 31, 2012

USD ($)

Dec. 31, 2011

USD ($)

Dec. 31, 2012

EUR (€)

Jan. 25, 2012

USD ($)

Jan. 25, 2012

EUR (€)

Jan. 13, 2012

USD ($)

Jan. 13, 2012

EUR (€)

Debt discount

^[1]

$ 55,356

Line of Credit Facility, Maximum Borrowing Capacity

474,800

Proceeds from (Repayments of) Debt

$ 35,000

26,300

Line of Credit Facility, Covenant Terms

The term credit facility bore interest at the London Interbank Offered Rate ("LIBOR") plus a margin ranging from 2.25% to 2.75% determined by the total leverage ratio calculated at the end of each quarter. As of December 31, 2011, the interest rate was 2.55% inclusive of a margin of 2.25

Line of Credit Facility, Amount Outstanding

330,000

Pretax Charge On Termination Of Credit Agreement

1,500

Deferred Financing Cost Written Off

1,000

Losses Reclassified

$ 500

Line of Credit Facility, Description

January 13, 2012 and January 25, 2012, Colfax incurred debt consisting of: (i) a $200 million term A-1 facility, (ii) a $500 million term A-2 facility, (iii) a 157.6 million term A-3 facility and (iv) a $900 million term B facility pursuant to a credit agreement (the "Deutsche Bank Credit Agreement") with Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and certain other lender parties named therein. In addition, the Deutsche Bank Credit Agreement has two revolving credit sub-facilities which total $300 million in commitments (the "Revolver"). The Revolver includes a $200 million letter of credit sub-facility and a $50 million swingline loan sub-facility. The term A-1, term A-2, term A-3 and the Revolver variable-rate borrowings are subject to interest payments of LIBOR or the Euro Interbank Offered Rate ("EURIBOR") plus a margin ranging from 2.50% to 3.25%, determined by our leverage ratio. Borrowings under the term B facility are also variable rate and are subject to interest payments of LIBOR plus a margin of 3.5%. The Revolver is subject to a commitment fee ranging from 37.5 to 50 basis points, determined by the Company''s leverage ratio. Additionally, as of December 31, 2012 the Company had an original issue discount of $55.4 million and deferred financing fees of $8.5 million, which were recognized in connection with the Deutsche Bank Credit Agreement. As of December 31, 2012, the weighted-average interest rate of borrowings under the Deutsche Bank Credit Agreement was 3.93% and there was $291.9 million available under the Revolver, including $191.9 available under the letter of credit sub-facility.

Pledged Assets Separately Reported on Statement of Financial Position, Description

In connection with the Deutsche Bank Credit Agreement, the Company has pledged substantially all of its domestic subsidiaries'' assets and 65% of the shares of certain first tier international subsidiaries as collateral against borrowings to its U.S. companies.

Bank Of America Credit Agreement [Member]

Debt Instrument, Description of Variable Rate Basis

("LIBOR") plus a margin ranging from 2.25% to 2.75

Debt Instrument, Interest Rate, Stated Percentage

2.55%

Letters of Credit Outstanding, Amount

$ 21,000

Deutsche Bank Credit Agreement [Member]

Debt discount

$ 55,400

Deferred Finance Costs, Net

$ 8,500

Long-term Debt, Weighted Average Interest Rate

3.93%

Leverage Ratio

4.95 to 1.0

Minimum Interest Coverage Ratio

2.0 to 1.0

Deutsche Bank Credit Agreement [Member] | Twenty Five Basis Point Increased [Member]

Minimum Interest Coverage Ratio

3.0 to 1.0

Deutsche Bank Credit Agreement [Member] | Twenty Five Basis Point Decreased [Member]

Leverage Ratio

4.75 to 1.0

Deutsche Bank Credit Agreement [Member] | Twenty Five Basis Point Decreased In Two Subsequent Year [Member]

Leverage Ratio

4.25 to 1.0

Deutsche Bank Credit Agreement [Member] | Minimum [Member]

Line Of Credit Facility Commitment Fee, Additional Basis Point

37.5

Deutsche Bank Credit Agreement [Member] | Maximum [Member]

Line Of Credit Facility Commitment Fee, Additional Basis Point

Deutsche Bank Credit Agreement [Member] | A One Facility [Member]

Debt Instrument, Description of Variable Rate Basis

LIBOR or the Euro Interbank Offered Rate ("EURIBOR") plus a margin ranging from 2.50% to 3.25%.

Line of Credit Facility, Amount Outstanding

$ 200,000

Deutsche Bank Credit Agreement [Member] | A Two Facility [Member]

Debt Instrument, Description of Variable Rate Basis

LIBOR or the Euro Interbank Offered Rate ("EURIBOR") plus a margin ranging from 2.50% to 3.25%.

Line of Credit Facility, Amount Outstanding

500,000

Deutsche Bank Credit Agreement [Member] | A Three Facility [Member]

Debt Instrument, Description of Variable Rate Basis

LIBOR or the Euro Interbank Offered Rate ("EURIBOR") plus a margin ranging from 2.50% to 3.25%.

Line of Credit Facility, Amount Outstanding | €

€ 157,600

Deutsche Bank Credit Agreement [Member] | Term B Facility [Member]

Debt Instrument, Description of Variable Rate Basis

LIBOR plus a margin of 3.5%.

Line of Credit Facility, Amount Outstanding

$ 900,000

900,000

Deutsche Bank Credit Agreement [Member] | Revolving Credit Facility [Member]

Line of Credit Facility, Amount Outstanding

300,000

Line of Credit Facility, Remaining Borrowing Capacity

$ 291,900

Deutsche Bank Credit Agreement [Member] | Letter Of Credit Sub-Facility [Member]

Line of Credit Facility, Amount Outstanding

200,000

Line of Credit Facility, Remaining Borrowing Capacity

$ 191,900

Deutsche Bank Credit Agreement [Member] | Swingline Loan Sub Facility [Member]

Line of Credit Facility, Amount Outstanding

$ 50,000

[1]

Equity (Details) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Accumulated Other Comprehensive Income (Loss), Net Of Tax	$ (146,594)	$ (170,793)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss), Net Of Tax	104,718	(5,537)
Accumulated Net Gain (Loss) From Designated Or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss), Net Of Tax	(3,980)	(471)
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss), Net Of Tax	(247,332)	(164,785)
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income (Loss), Net Of Tax	$ (146,594)	$ (170,793)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e637-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e681-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669686-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 31
-Article 5

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS115-1/124-1
-Paragraph 15D
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14, 17, 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

Equity (Details 1) - USD ($) $ in Thousands	12 Months Ended
Equity (Details 1) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Stock-based compensation expense	$ 9,373	$ 4,908	$ 3,137
Deferred tax benefits	$ 305	$ 1,719	$ 1,120

Equity (Details 2) - $ / shares	12 Months Ended
Equity (Details 2) - $ / shares	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Expected period that options will be outstanding (in years)	5 years 4 months 27 days	4 years 6 months	4 years 6 months
Interest rate (based on U.S. Treasury yields at the time of grant)	0.99%	2.10%	2.38%
Volatility	42.59%	52.50%	52.22%
Dividend yield	0.00%	0.00%	0.00%
Weighted-average fair value of options granted	$ 13.14	$ 9.68	$ 5.63

Equity (Details 3) - USD ($)
$ / shares in Units, $ in Thousands

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Number of Options, Outstanding

1,461,157

Number of Options, Granted

1,265,781

Number of Options, Exercised

(425,782)

248,017

194,999

Number of Options, Forfeited

(73,494)

Number of Options, Expired

(17,546)

Number of Options, Outstanding

2,210,116

1,461,157

Number of Options, Vested or expected to vest

2,178,251

Number of Options, Exercisable

614,885

Weighted Average Exercise Price, Outstanding

$ 14.76

Weighted Average Exercise Price, Granted

33.37

Weighted Average Exercise Price, Exercised

12.59

Weighted Average Exercise Price, Forfeited

29.27

Weighted Average Exercise Price, Expired

14.96

Weighted Average Exercise Price, Outstanding

25.35

$ 14.76

Weighted Average Exercise Price, Vested or expected to vest

25.28

Weighted Average Exercise Price, Exercisable

$ 14.40

Weighted Average Remaining Contractual Term (In years), Outstanding

5 years 7 months 16 days

Weighted Average Remaining Contractual Term (In years), Vested or expected to vest

5 years 7 months 13 days

Weighted Average Remaining Contractual Term (In years), Exercisable

4 years 2 months 12 days

Aggregate Intrinsic Value, Outstanding

^[1]

$ 33,142

Aggregate Intrinsic Value, Vested or expected to vest

^[1]

32,828

Aggregate Intrinsic Value, Exercisable

^[1]

$ 15,653

[1]

The aggregate intrinsic value is based upon the difference between the Company's closing stock price at the date of the Consolidated Balance Sheet and the exercise price of the stock option for in-the-money stock options. The intrinsic value of outstanding stock options fluctuates based upon the trading value of the Company's Common stock.

Equity (Details 4)	12 Months Ended
Equity (Details 4)	Dec. 31, 2012 $ / shares shares
Performance Based Restricted Stock Units (PRSUs) [Member]
Number of Units, Nonvested \| shares	324,447
Number of Units, Granted \| shares	283,804
Number of Units, Vested \| shares	(17,942)
Number of Units, Forfeited \| shares	(29,358)
Number of Units, Nonvested \| shares	560,951
Weighted Average Grant Date Fair Value, Nonvested \| $ / shares	$ 15.99
Weighted Average Grant Date Fair Value, Granted \| $ / shares	33.48
Weighted Average Grant Date Fair Value, Vested \| $ / shares	18.11
Weighted Average Grant Date Fair Value, Forfeited \| $ / shares	23.12
Weighted Average Grant Date Fair Value, Nonvested \| $ / shares	$ 24.40
Restricted Stock Units (Rsus) [Member]
Number of Units, Nonvested \| shares	64,263
Number of Units, Granted \| shares	38,511
Number of Units, Vested \| shares	(44,140)
Number of Units, Forfeited \| shares	(3,758)
Number of Units, Nonvested \| shares	54,876
Weighted Average Grant Date Fair Value, Nonvested \| $ / shares	$ 14.71
Weighted Average Grant Date Fair Value, Granted \| $ / shares	33.30
Weighted Average Grant Date Fair Value, Vested \| $ / shares	15.40
Weighted Average Grant Date Fair Value, Forfeited \| $ / shares	28.94
Weighted Average Grant Date Fair Value, Nonvested \| $ / shares	$ 26.23

Equity (Details Textual) - USD ($)					12 Months Ended
Equity (Details Textual) - USD ($)	Mar. 09, 2012	Mar. 05, 2012	Jan. 24, 2012	Jan. 13, 2012	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Jan. 23, 2012
Stock Authorized			420,000,000					210,000,000
Common stock, shares authorized			400,000,000		400,000,000	200,000,000		200,000,000
Preferred stock, shares authorized			20,000,000		20,000,000	10,000,000		10,000,000
Preferred stock, issued					13,877,552	0
Stock issuance					$ 1,432,971,000
Stock issuance costs					14,700,000
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Noncontrolling Interest					$ 4,800,000	$ 4,400,000
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition					2 years 4 months 28 days
Number of Options, Exercised					(425,782)	248,017	194,999
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value					$ 9,900,000	$ 3,800,000	$ 1,200,000
Unrecognised Stock Based Compensation Expense					23,500,000
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, before Tax					400,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value					$ 1,900,000	$ 1,100,000	$ 1,000,000
Stock Option Plan 2008 Description					Under the 2008 Plan, the Company may grant options to purchase Common stock, with a maximum term of 10 years at a purchase price equal to the market value of the Company''s Common stock on the date of grant. In the case of an incentive stock option granted to a holder of 10% of the Company''s outstanding Common stock, the Company may grant options to purchase Common stock with a maximum term of 5 years, at a purchase price equal to 110% of the market value of the Company''s Common stock on the date of grant.
Deutsche Bank Credit Agreement [Member]
Dividend Payment Restrictions Schedule, Amounts Paid				$ 50,000,000
Markel Corporation [Member]
Stock issuance (in shares)			1,085,070
Sale of Stock, Price Per Share			$ 23.04
Mitchell P. Rales [Member]
Stock issuance (in shares)			2,170,139
Sale of Stock, Price Per Share			$ 23.04
Percentage Of Share Held By Related Party			20.90%
Steven M. Rales [Member]
Stock issuance (in shares)			2,170,139
Percentage Of Share Held By Related Party			20.90%
Mitchell P. Rales, Steven M. Rales and Markel Corporation [Member]
Stock issuance			$ 125,000,000
Underwriters [Member]
Stock issuance (in shares)	1,000,000	8,000,000
Stock issuance	$ 34,000,000	$ 272,000,000
Stock issuance costs					$ 12,600,000
Charter Acquisition [Member]
Preferred Stock, Dividend Rate, Percentage			6.00%
Business Acquisition Equity Each Shares Issued			0.1241
Stockholders' Equity Note, Stock Split, Conversion Ratio			20,735,493
Charter Acquisition [Member] \| BDT Investor [Member]
Common Stock And Preferred Stock Value Issued			$ 680,000,000
Proceeds Per Share Of Common Stock Issued			$ 23.04
Stock issuance (in shares)			14,756,945
Charter Acquisition [Member] \| Maximum [Member]
Preferred Stock, Dividend Rate, Percentage			8.00%
Charter Acquisition [Member] \| Series Preferred Stock [Member]
Conversion Rate Of Convertible Preferred Stock During The Period					114.00%
Preferred Stock, Liquidation Preference Percentage					133.00%
Charter Acquisition [Member] \| Series Preferred Stock [Member] \| BDT Investor [Member]
Preferred stock, issued			13,877,552
Proceeds Per Share Of Preferred Stock Issued			$ 24.50

Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Accrued payroll	$ 99,583	$ 21,415
Advance payment from customers	61,431	14,704
Accrued taxes	39,919	4,911
Accrued asbestos-related liability	58,501	76,295
Warranty liability - current portion	35,678	2,987
Accrued restructuring liability - current portion	25,406	4,573
Accrued third-party commissions	12,320	5,884
Accrued Charter Acquisition-related liability	0	29,430
Other	108,195	15,808
Accrued liabilities	$ 441,033	$ 176,007

Accrued Liabilities (Detail 1) - USD ($) $ in Thousands	12 Months Ended
Accrued Liabilities (Detail 1) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Restructuring and other related charges	$ 60,060	$ 9,680	$ 10,323

Accrued Liabilities (Details 2) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Balance at Beginning of Period

$ 4,573

Acquisitions

10,270

Provisions

56,905

Payments

(45,072)

Foreign Currency Translation

678

Balance at End of Period

27,354

^[1]

$ 4,573

Noncash Impairment Restructuring Charges

3,155

Restructuring and other related charges

60,060

9,680

$ 10,323

Gas and Fluid Handling [Member]

Balance at Beginning of Period

4,573

Acquisitions

Provisions

8,652

Payments

(9,133)

Foreign Currency Translation

145

Balance at End of Period

4,237

^[1]

4,573

Fabrication Technology [Member]

Balance at Beginning of Period

Acquisitions

10,270

Provisions

42,081

Payments

(31,251)

Foreign Currency Translation

495

Balance at End of Period

21,595

^[1]

Noncash Impairment Restructuring Charges

3,155

Restructuring and other related charges

45,236

Corporate and Other [Member]

Balance at Beginning of Period

Acquisitions

Provisions

6,172

Payments

(4,688)

Foreign Currency Translation

Balance at End of Period

1,522

^[1]

Employee Severance [Member]

Balance at Beginning of Period

^[2]

3,868

Balance at End of Period

^[2]

17,467

3,868

Employee Severance [Member] | Gas and Fluid Handling [Member]

Balance at Beginning of Period

^[2]

3,868

Acquisitions

^[2]

Provisions

^[2]

7,062

Payments

^[2]

(8,014)

Foreign Currency Translation

^[2]

144

Balance at End of Period

^[2]

3,060

^[1]

3,868

Employee Severance [Member] | Fabrication Technology [Member]

Balance at Beginning of Period

^[2]

Acquisitions

^[2]

6,276

Provisions

^[2]

30,292

Payments

^[2]

(22,277)

Foreign Currency Translation

^[2]

346

Balance at End of Period

^[2]

14,637

^[1]

Employee Severance [Member] | Corporate and Other [Member]

Balance at Beginning of Period

^[2]

Acquisitions

^[2]

Provisions

^[2]

3,020

Payments

^[2]

(3,020)

Foreign Currency Translation

^[2]

Balance at End of Period

^[2]

^[1]

Facility Closing [Member]

Balance at Beginning of Period

^[3]

633

Balance at End of Period

^[3]

5,646

633

Facility Closing [Member] | Gas and Fluid Handling [Member]

Balance at Beginning of Period

^[4]

633

Acquisitions

^[4]

Provisions

^[4]

1,301

Payments

^[4]

(756)

Foreign Currency Translation

^[4]

(1)

Balance at End of Period

^[4]

1,177

^[1]

633

Facility Closing [Member] | Fabrication Technology [Member]

Balance at Beginning of Period

^[4]

Acquisitions

^[4]

3,994

Provisions

^[4]

10,584

Payments

^[4]

(7,800)

Foreign Currency Translation

^[4]

147

Balance at End of Period

^[4]

6,925

^[1]

Facility Closing [Member] | Corporate and Other [Member]

Balance at Beginning of Period

^[4]

Acquisitions

^[4]

Provisions

^[4]

1,899

Payments

^[4]

(415)

Foreign Currency Translation

^[4]

Balance at End of Period

^[4]

1,522

^[1]

Other Restructuring [Member]

Balance at Beginning of Period

Balance at End of Period

Other Restructuring [Member] | Gas and Fluid Handling [Member]

Balance at Beginning of Period

Acquisitions

Provisions

289

Payments

(363)

Foreign Currency Translation

Balance at End of Period

^[1]

Other Restructuring [Member] | Fabrication Technology [Member]

Balance at Beginning of Period

Acquisitions

Provisions

1,205

Payments

(1,174)

Foreign Currency Translation

Balance at End of Period

^[1]

Other Restructuring [Member] | Corporate and Other [Member]

Balance at Beginning of Period

Acquisitions

Provisions

1,253

Payments

(1,253)

Foreign Currency Translation

Balance at End of Period

$ 0

^[1]

$ 0

[1]	As of December 31, 2012, $25.4 million and $1.9 million of the Company's restructuring liability was included in Accrued liabilities and Other liabilities, respectively.
[2]	Includes severance and other termination benefits, including outplacement services. The Company recognizes the cost of involuntary termination benefits at the communication date or ratably over any remaining expected future service period. Voluntary termination benefits are recognized as a liability and an expense when employees accept the offer and the amount can be reasonably estimated.
[3]	Includes the cost of relocating and training associates, relocating equipment and lease termination expense in connection with the closure of facilities, discussed above.
[4]	Includes the cost of relocating associates, relocating equipment and lease termination expense in connection with the closure of facilities, discussed above.

Accrued Liabilities (Details Textual) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Employee Termination Benefits

$ 30,000

Restructuring Reserve

27,354

^[1]

$ 4,573

Other Liabilities [Member]

Restructuring Reserve

1,900

Accrued Liabilities [Member]

Restructuring Reserve

$ 25,400

[1]	As of December 31, 2012, $25.4 million and $1.9 million of the Company's restructuring liability was included in Accrued liabilities and Other liabilities, respectively.

Defined Benefit Plans (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Change in plan assets:

Beginning Balance

$ 36,321

$ 36,342

$ 26,769

Actual return on plan assets

152

(316)

Employer contribution(2)

18,900

Ending Balance

38,832

36,321

36,342

All Plan [Member]

Change in benefit obligation:

Projected benefit obligation, beginning of year

347,911

331,288

Acquisitions

1,148,906

Service cost

3,381

1,383

1,168

Interest cost

67,743

16,408

16,514

Actuarial (gain) loss

135,715

25,764

Settlement(1)

^[1]

(2,857)

Foreign exchange effect

45,458

(1,921)

Benefits paid

(84,333)

(22,154)

Other

355

Projected benefit obligation, end of year

1,665,138

347,911

331,288

Accumulated benefit obligation, end of year

1,641,252

343,767

Change in plan assets:

Beginning Balance

221,004

231,240

Acquisitions

954,919

Actual return on plan assets

100,153

6,864

Employer contribution(2)

^[2]

58,494

8,684

Settlement(1)

^[1]

(3,388)

Foreign exchange effect

37,359

(242)

Benefits paid

(84,333)

(22,154)

Other

248

Ending Balance

1,287,844

221,004

231,240

Funded status, end of year

(377,294)

(126,907)

Amounts recognized on the Consolidated Balance Sheet at December 31:

Non-current assets

31,826

Current liabilities

(5,639)

(1,079)

Non-current liabilities

(403,481)

(125,828)

Total

(377,294)

(126,907)

Foreign Pension Plans, Defined Benefit [Member]

Change in benefit obligation:

Projected benefit obligation, beginning of year

97,108

95,136

Acquisitions

957,080

Service cost

3,381

1,383

1,168

Interest cost

49,291

5,132

4,138

Actuarial (gain) loss

85,167

5,704

Settlement(1)

^[1]

(2,857)

Foreign exchange effect

(45,458)

(1,921)

Benefits paid

(56,816)

(5,469)

Other

355

Projected benefit obligation, end of year

1,181,024

97,108

95,136

Accumulated benefit obligation, end of year

1,157,140

92,964

Change in plan assets:

Beginning Balance

32,339

34,071

Acquisitions

817,258

Actual return on plan assets

58,139

3,039

Employer contribution(2)

^[2]

49,640

4,328

Settlement(1)

^[1]

(3,388)

Foreign exchange effect

37,359

(242)

Benefits paid

(56,816)

(5,469)

Other

248

Ending Balance

938,167

32,339

34,071

Funded status, end of year

(242,857)

(64,769)

Other Postretirement Benefit Plans, Defined Benefit [Member]

Change in benefit obligation:

Projected benefit obligation, beginning of year

15,397

13,803

Acquisitions

22,629

Service cost

110

Interest cost

1,507

690

553

Actuarial (gain) loss

(1,449)

1,507

Settlement(1)

^[1]

Foreign exchange effect

Benefits paid

(2,675)

(603)

Other

Projected benefit obligation, end of year

35,519

15,397

13,803

Accumulated benefit obligation, end of year

33,405

Change in plan assets:

Beginning Balance

Acquisitions

Actual return on plan assets

Employer contribution(2)

^[2]

2,675

603

Settlement(1)

^[1]

Foreign exchange effect

Benefits paid

(2,675)

(603)

Other

Ending Balance

$ 0

Funded status, end of year

(35,519)

(15,397)

Amounts recognized on the Consolidated Balance Sheet at December 31:

Non-current assets

Current liabilities

(3,076)

(795)

Non-current liabilities

(32,443)

(14,602)

Total

$ (35,519)

$ (15,397)

[1]	Represents the change in benefit obligation and plan assets related to the termination of a frozen pension plan of one of the Company's non-U.S. subsidiaries.
[2]	Contributions during the year ended December 31, 2012 included $18.9 million of supplemental contributions to pension plans in the United Kingdom as a result of financing the Charter Acquisition.

Defined Benefit Plans (Details 1) $ in Thousands	Dec. 31, 2012 USD ($)
All Plan [Member]
2013	$ 88,543
2014	89,878
2015	89,937
2016	90,498
2017	93,000
Thereafter	469,090
Foreign Plans [Member]
2013	58,090
2014	59,343
2015	59,450
2016	59,941
2017	62,654
Thereafter	321,728
Other Postretirement Benefit Plans, Defined Benefit [Member]
2013	3,076
2014	2,965
2015	2,821
2016	2,783
2017	2,676
Thereafter	$ 9,899

Defined Benefit Plans (Details 2)	12 Months Ended
Defined Benefit Plans (Details 2)	Dec. 31, 2012	Dec. 31, 2011
U S Government Seurities [Member]
Actual Asset Allocation	36.00%	32.00%
Target Allocation, Minimum	30.00%
Target Allocation, Maximum	45.00%
International Securities [Member]
Actual Asset Allocation	15.00%	16.00%
Target Allocation, Minimum	10.00%
Target Allocation, Maximum	20.00%
Fixed Income [Member]
Actual Asset Allocation	37.00%	33.00%
Target Allocation, Minimum	30.00%
Target Allocation, Maximum	50.00%
Hedge Funds [Member]
Actual Asset Allocation	11.00%	19.00%
Target Allocation, Minimum	0.00%
Target Allocation, Maximum	20.00%
Cash and Cash Equivalents Us Plans [Member]
Actual Asset Allocation	1.00%	0.00%
Target Allocation, Minimum	0.00%
Target Allocation, Maximum	5.00%
Equity Securities [Member]
Actual Asset Allocation	37.00%	22.00%
Target Allocation, Minimum	20.00%
Target Allocation, Maximum	45.00%
Fixed Income Securities [Member]
Actual Asset Allocation	58.00%	54.00%
Target Allocation, Minimum	50.00%
Target Allocation, Maximum	80.00%
Cash and Cash Equivalents Foreign Plans [Member]
Actual Asset Allocation	2.00%	23.00%
Target Allocation, Minimum	0.00%
Target Allocation, Maximum	25.00%
Other Securities [Member]
Actual Asset Allocation	3.00%	1.00%
Target Allocation, Minimum	0.00%
Target Allocation, Maximum	5.00%

Defined Benefit Plans (Details 3) - USD ($)
$ in Thousands

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

Defined Benefit Plan, Fair Value of Plan Assets

$ 38,832

$ 36,321

$ 36,342

$ 26,769

Us Large Cap [Member]

Defined Benefit Plan, Fair Value of Plan Assets

89,293

50,572

Us Small Mid Cap [Member]

Defined Benefit Plan, Fair Value of Plan Assets

37,671

10,633

International [Member]

Defined Benefit Plan, Fair Value of Plan Assets

52,902

29,400

Us Government and Corporate [Member]

Defined Benefit Plan, Fair Value of Plan Assets

128,334

40,561

High Yield Bonds [Member]

Defined Benefit Plan, Fair Value of Plan Assets

15,258

Emerging Markets Debt [Member]

Defined Benefit Plan, Fair Value of Plan Assets

5,920

Multi Strategy Hedge Funds [Member]

Defined Benefit Plan, Fair Value of Plan Assets

38,832

36,321

Cash and Cash Equivalents Foreign Plans [Member]

Defined Benefit Plan, Fair Value of Plan Assets

19,594

7,595

Equity Securities [Member]

Defined Benefit Plan, Fair Value of Plan Assets

342,826

6,953

Non Us Government Bonds [Member]

Defined Benefit Plan, Fair Value of Plan Assets

549,051

17,576

Other Investments [Member]

Defined Benefit Plan, Fair Value of Plan Assets

^[1]

26,696

215

Cash and Cash Equalents Us Plan [Member]

Defined Benefit Plan, Fair Value of Plan Assets

2,645

Fair Value, Inputs, Level 1 [Member]

Defined Benefit Plan, Fair Value of Plan Assets

742,672

166,892

Fair Value, Inputs, Level 1 [Member] | Us Large Cap [Member]

Defined Benefit Plan, Fair Value of Plan Assets

89,293

50,572

Fair Value, Inputs, Level 1 [Member] | Us Small Mid Cap [Member]

Defined Benefit Plan, Fair Value of Plan Assets

10,633

Fair Value, Inputs, Level 1 [Member] | International [Member]

Defined Benefit Plan, Fair Value of Plan Assets

15,579

29,400

Fair Value, Inputs, Level 1 [Member] | Us Government and Corporate [Member]

Defined Benefit Plan, Fair Value of Plan Assets

128,334

40,561

Fair Value, Inputs, Level 1 [Member] | High Yield Bonds [Member]

Defined Benefit Plan, Fair Value of Plan Assets

15,258

Fair Value, Inputs, Level 1 [Member] | Emerging Markets Debt [Member]

Defined Benefit Plan, Fair Value of Plan Assets

5,920

Fair Value, Inputs, Level 1 [Member] | Multi Strategy Hedge Funds [Member]

Defined Benefit Plan, Fair Value of Plan Assets

Fair Value, Inputs, Level 1 [Member] | Cash and Cash Equivalents Foreign Plans [Member]

Defined Benefit Plan, Fair Value of Plan Assets

19,594

7,595

Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member]

Defined Benefit Plan, Fair Value of Plan Assets

234,228

6,953

Fair Value, Inputs, Level 1 [Member] | Non Us Government Bonds [Member]

Defined Benefit Plan, Fair Value of Plan Assets

250,891

Fair Value, Inputs, Level 1 [Member] | Other Investments [Member]

Defined Benefit Plan, Fair Value of Plan Assets

^[1]

2,108

Fair Value, Inputs, Level 1 [Member] | Cash and Cash Equalents Us Plan [Member]

Defined Benefit Plan, Fair Value of Plan Assets

2,645

Fair Value, Inputs, Level 2 [Member]

Defined Benefit Plan, Fair Value of Plan Assets

506,340

17,791

Fair Value, Inputs, Level 2 [Member] | Us Large Cap [Member]

Defined Benefit Plan, Fair Value of Plan Assets

Fair Value, Inputs, Level 2 [Member] | Us Small Mid Cap [Member]

Defined Benefit Plan, Fair Value of Plan Assets

37,671

Fair Value, Inputs, Level 2 [Member] | International [Member]

Defined Benefit Plan, Fair Value of Plan Assets

37,323

Fair Value, Inputs, Level 2 [Member] | Us Government and Corporate [Member]

Defined Benefit Plan, Fair Value of Plan Assets

Fair Value, Inputs, Level 2 [Member] | High Yield Bonds [Member]

Defined Benefit Plan, Fair Value of Plan Assets

Fair Value, Inputs, Level 2 [Member] | Emerging Markets Debt [Member]

Defined Benefit Plan, Fair Value of Plan Assets

Fair Value, Inputs, Level 2 [Member] | Multi Strategy Hedge Funds [Member]

Defined Benefit Plan, Fair Value of Plan Assets

Fair Value, Inputs, Level 2 [Member] | Cash and Cash Equivalents Foreign Plans [Member]

Defined Benefit Plan, Fair Value of Plan Assets

Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member]

Defined Benefit Plan, Fair Value of Plan Assets

108,598

Fair Value, Inputs, Level 2 [Member] | Non Us Government Bonds [Member]

Defined Benefit Plan, Fair Value of Plan Assets

298,160

17,576

Fair Value, Inputs, Level 2 [Member] | Other Investments [Member]

Defined Benefit Plan, Fair Value of Plan Assets

^[1]

24,588

215

Fair Value, Inputs, Level 2 [Member] | Cash and Cash Equalents Us Plan [Member]

Defined Benefit Plan, Fair Value of Plan Assets

Fair Value, Inputs, Level 3 [Member]

Defined Benefit Plan, Fair Value of Plan Assets

38,832

36,321

Fair Value, Inputs, Level 3 [Member] | Us Large Cap [Member]

Defined Benefit Plan, Fair Value of Plan Assets

Fair Value, Inputs, Level 3 [Member] | Us Small Mid Cap [Member]

Defined Benefit Plan, Fair Value of Plan Assets

Fair Value, Inputs, Level 3 [Member] | International [Member]

Defined Benefit Plan, Fair Value of Plan Assets

Fair Value, Inputs, Level 3 [Member] | Us Government and Corporate [Member]

Defined Benefit Plan, Fair Value of Plan Assets

Fair Value, Inputs, Level 3 [Member] | High Yield Bonds [Member]

Defined Benefit Plan, Fair Value of Plan Assets

Fair Value, Inputs, Level 3 [Member] | Emerging Markets Debt [Member]

Defined Benefit Plan, Fair Value of Plan Assets

Fair Value, Inputs, Level 3 [Member] | Multi Strategy Hedge Funds [Member]

Defined Benefit Plan, Fair Value of Plan Assets

38,832

36,321

Fair Value, Inputs, Level 3 [Member] | Equity Securities [Member]

Defined Benefit Plan, Fair Value of Plan Assets

Fair Value, Inputs, Level 3 [Member] | Non Us Government Bonds [Member]

Defined Benefit Plan, Fair Value of Plan Assets

Fair Value, Inputs, Level 3 [Member] | Other Investments [Member]

Defined Benefit Plan, Fair Value of Plan Assets

^[1]

Fair Value, Inputs, Level 3 [Member] | Cash and Cash Equalents Us Plan [Member]

Defined Benefit Plan, Fair Value of Plan Assets

$ 0

[1]	Represents diversified portfolio funds and reinsurance contracts maintained for certain foreign plans.

Defined Benefit Plans (Details 4) - USD ($) $ in Thousands	12 Months Ended
Defined Benefit Plans (Details 4) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Beginning Balance	$ 36,321	$ 36,342	$ 26,769
Net purchases and sales			9,036
Realized loss	152		(316)
Unrealized gain	2,359	(21)	853
Ending Balance	$ 38,832	$ 36,321	$ 36,342

- Definition

The difference between fair value of plan assets at the end of the period and the fair value at the beginning of the period, adjusted for contributions and payments of benefits during the period, and after adjusting for taxes and other expenses, as applicable.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Actual Return on Plan Assets (Component of Net Periodic Postretirement Benefit Cost)
-URI http://asc.fasb.org/extlink&oid=6504192

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Actual Return on Plan Assets (Component of Net Periodic Pension Cost)
-URI http://asc.fasb.org/extlink&oid=6504226

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph d(iv)(b)(i)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

Assets, usually stocks, bonds, and other investments, that have been segregated and restricted (usually in a trust) to provide benefits, at their fair value as of the measurement date. Plan assets include amounts contributed by the employer (and by employees for a contributory plan) and amounts earned from investing the contributions, less benefits paid. If a plan has liabilities other than for benefits, those non-benefit obligations may be considered as reductions of plan assets.

+ References + Details

Defined Benefit Plans (Details 5) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Pension Plans, Defined Benefit [Member]

Components of Net Periodic Benefit Cost:

Service cost

$ 3,381

$ 1,383

$ 1,168

Interest cost

67,743

16,408

16,514

Amortization

8,091

5,839

4,593

Plan combinations(1)

^[1]

2,877

Settlement loss

1,499

Other

Expected return on plan assets

(61,094)

(18,101)

(19,331)

Net periodic benefit cost

18,149

7,028

5,821

Change in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss (Income):

Current year net actuarial loss (gain)

98,784

37,037

16,736

Less amounts included in net periodic benefit cost:

Amortization of net loss

(8,012)

(5,839)

(4,593)

Settlement loss

(835)

Amortization of prior service cost

(79)

Total recognized in Other comprehensive loss (income)

90,693

30,363

12,143

Other Postretirement Benefit Plans, Defined Benefit [Member]

Components of Net Periodic Benefit Cost:

Service cost

110

Interest cost

1,507

690

553

Amortization

801

852

482

Plan combinations(1)

^[1]

Settlement loss

Other

Expected return on plan assets

Net periodic benefit cost

2,418

1,542

1,035

Change in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss (Income):

Current year net actuarial loss (gain)

(1,449)

1,507

3,671

Less amounts included in net periodic benefit cost:

Amortization of net loss

(553)

(604)

(234)

Settlement loss

Amortization of prior service cost

(248)

Total recognized in Other comprehensive loss (income)

(2,250)

655

3,189

Foreign Pension Plans, Defined Benefit [Member]

Components of Net Periodic Benefit Cost:

Service cost

3,381

1,383

1,168

Interest cost

49,291

5,132

4,138

Amortization

944

588

385

Plan combinations(1)

^[1]

2,877

Settlement loss

1,499

Other

Expected return on plan assets

(36,535)

(1,400)

(1,259)

Net periodic benefit cost

17,109

7,202

7,309

Change in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Loss (Income):

Current year net actuarial loss (gain)

65,689

4,101

5,062

Less amounts included in net periodic benefit cost:

Amortization of net loss

(865)

(588)

(385)

Settlement loss

(835)

Amortization of prior service cost

(79)

Total recognized in Other comprehensive loss (income)

$ (64,745)

$ 2,678

$ 4,677

[1]	Represents the transfer of assets associated with the pension obligation assumed by the Company for a group of former employees.

Defined Benefit Plans (Details 6) - USD ($) $ in Thousands	12 Months Ended
Defined Benefit Plans (Details 6) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Pension Plans, Defined Benefit [Member]
Net actuarial loss		$ 275,211	$ 184,532
Prior service cost		0	0
Total		275,211	184,532
Pension Plans, Defined Benefit [Member] \| Scenario, Forecast [Member]
Net actuarial loss	$ 10,151
Prior service cost	0
Total	10,151
Other Postretirement Benefit Plans, Defined Benefit [Member]
Net actuarial loss		5,676	7,677
Prior service cost		1,303	1,552
Total		$ 6,979	$ 9,229
Other Postretirement Benefit Plans, Defined Benefit [Member] \| Scenario, Forecast [Member]
Net actuarial loss	465
Prior service cost	248
Total	$ 713

Defined Benefit Plans (Details 7)	12 Months Ended
Defined Benefit Plans (Details 7)	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
All Plans [Member] \| Pension Plans, Defined Benefit [Member]
Weighted-average discount rate	4.00%	4.20%
All Plans [Member] \| Other Postretirement Benefit Plans, Defined Benefit [Member]
Weighted-average discount rate	3.40%	4.20%
Foreign Plans [Member] \| Pension Plans, Defined Benefit [Member]
Weighted-average discount rate	4.20%	4.90%
Foreign Plans [Member] \| Other Postretirement Benefit Plans, Defined Benefit [Member]
Weighted-average discount rate	0.00%	0.00%
Active Foreign Plans [Member] \| Pension Plans, Defined Benefit [Member]
Weighted-average rate of increase in compensation levels for active foreign plans	1.50%	2.60%	2.20%
Active Foreign Plans [Member] \| Other Postretirement Benefit Plans, Defined Benefit [Member]
Weighted-average rate of increase in compensation levels for active foreign plans	0.00%	0.00%	0.00%

Defined Benefit Plans (Details 8)	12 Months Ended
Defined Benefit Plans (Details 8)	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
All Plans [Member] \| Pension Plans, Defined Benefit [Member]
Weighted-average discount rate:	4.60%	5.00%	5.70%
Weighted-average expected return on plan assets:	5.30%	7.70%	8.30%
All Plans [Member] \| Other Postretirement Benefit Plans, Defined Benefit [Member]
Weighted-average discount rate:	4.30%	5.20%	5.60%
Weighted-average expected return on plan assets:	0.00%	0.00%	0.00%
Foreign Plans [Member] \| Pension Plans, Defined Benefit [Member]
Weighted-average discount rate:	4.70%	5.10%	5.60%
Weighted-average expected return on plan assets:	4.50%	4.70%	5.40%
Foreign Plans [Member] \| Other Postretirement Benefit Plans, Defined Benefit [Member]
Weighted-average discount rate:	0.00%	0.00%	0.00%
Weighted-average expected return on plan assets:	0.00%	0.00%	0.00%
Active Foreign Plans [Member] \| Pension Plans, Defined Benefit [Member]
Weighted-average rate of increase in compensation levels for active foreign plans	1.50%	2.60%	2.20%
Active Foreign Plans [Member] \| Other Postretirement Benefit Plans, Defined Benefit [Member]
Weighted-average rate of increase in compensation levels for active foreign plans	0.00%	0.00%	0.00%

Defined Benefit Plans (Details 9) $ in Thousands	12 Months Ended
Defined Benefit Plans (Details 9) $ in Thousands	Dec. 31, 2012 USD ($)
Increase of 1%, Effect on total service and interest cost components for the year ended December 31, 2012	$ 165
Increase of 1%, Effect on post-retirement benefit obligation at December 31, 2012	3,149
Decrease of 1%, Effect on total service and interest cost components for the year ended December 31, 2012	(142)
Decrease of 1%, Effect on post-retirement benefit obligation at December 31, 2012	$ (2,659)

Defined Benefit Plans (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Employer contribution(2)	$ 18,900
Defined Benefit Plan, Fair Value of Plan Assets	38,832	$ 36,321	$ 36,342	$ 26,769
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Accumulated Benefit Obligation	1,300,000	343,800
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Fair Value of Plan Assets	864,600	221,000
Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Fair Value Of Plan Asset	1,300,000	347,900
Expected Pension And Other Postretirement Benefit Contributions In 2013	$ 51,800
Pension and Other Postretirement Benefit Contributions		3,000
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate	10.70%
Defined Benefit Plan, Description of Direction and Pattern of Change for Assumed Health Care Cost Trend Rate	The rate was assumed to decrease gradually to 4.5% by 2027 for three of the Company''s plans and to 5.0% by 2019 for another plan and remain at those levels thereafter for benefits covered under the plans.
Pension and Other Postretirement Benefit Expense	$ 19,300	2,400	$ 2,400
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Projected Benefit Obligation	$ 868,200	$ 221,000

Financial Instruments and Fair Value Measurements (Details 1) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Total foreign currency derivatives	$ 698,528	$ 4,255,070
Not Designated As Hedging Instrument [Member]
Foreign currency contracts sold	301,185	0
Foreign currency contracts purchased	121,741	0
Designated As Hedging Instrument [Member]
Foreign currency contracts sold	238,537	5,116
Foreign currency contracts purchased	37,065	0
Acquisition Related [Member]
Total foreign currency derivatives	$ 0	$ 4,249,954

Financial Instruments and Fair Value Measurements (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Designated As Hedging Instrument [Member]
Unrealized gain (loss)	$ (7,783)	$ 0	$ 0
Designated As Hedging Instrument [Member] \| Interest Rate Swap [Member]
Unrealized gain (loss)	0	(161)	(1,201)
Realized gain (loss)	(471)	(1,479)	(2,447)
Designated As Hedging Instrument [Member] \| Supplier Purchase Contracts [Member]
Unrealized gain (loss)	(374)	0	0
Realized gain (loss)	(475)	0	0
Designated As Hedging Instrument [Member] \| Customer Sales Contracts [Member]
Unrealized gain (loss)	2,120	0	0
Realized gain (loss)	2,297	0	0
Not Designated As Hedging Instrument [Member] \| Supplier Purchase Contracts [Member]
Unrealized gain (loss)	(560)	81	0
Realized gain (loss)	868	(20)	0
Not Designated As Hedging Instrument [Member] \| Acquisition Related [Member]
Unrealized gain (loss)	0	(21,013)	0
Realized gain (loss)	(7,177)	0	0
Not Designated As Hedging Instrument [Member] \| Customer Sales Contracts [Member]
Unrealized gain (loss)	778	(204)	93
Realized gain (loss)	$ 712	$ 152	$ (838)

- Definition

The aggregate unrealized foreign currency transaction gain (loss) (pretax) included in determining net income for the reporting period. Represents the aggregate of gains (losses) on transactions that are unsettled as of the balance sheet date, which is therefore an adjustment to reconcile income (loss) from continuing operations to net cash provided by or used in continuing operations. Excludes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting entity's financial statements. For certain entities, primarily banks, that are dealers in foreign exchange, foreign currency transaction gains (losses) may be disclosed as dealer gains (losses).

+ References + Details

Financial Instruments and Fair Value Measurements (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Balance	$ 4,359	$ 0
Additions		4,300
Interest accretion	712	59
Unrealized gain (loss)	(1,446)
Balance	$ 6,517	$ 4,359

Financial Instruments and Fair Value Measurements (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2012
Long-term Debt, Fair Value	$ 110,900	$ 1,700,000
Interest Rate Swap [Member]
Derivative, Notional Amount	$ 25,000
Derivative, Fixed Interest Rate	4.1375%
Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion	$ 500

Commitments and Contingencies (Details) - Asbestos Issue [Member]

12 Months Ended

Dec. 31, 2012

USD ($)

Dec. 31, 2011

USD ($)

Dec. 31, 2010

USD ($)

Claims unresolved, beginning of period

^[1]

23,682

24,764

25,295

Acquisitions

^[1]

$ 1,599

$ 0

Claims filed(2)

^[1],[2]

4,335

4,927

3,692

Claims resolved(3)

^[1],[3]

(6,093)

(6,009)

(4,223)

Claims unresolved, end of period

^[1]

23,523

23,682

24,764

Average cost of resolved claims(4)

^[1],[4]

$ 6,606

$ 15,397

$ 12,037

[1]	Excludes claims filed by one legal firm that have been "administratively dismissed."
[2]	Claims filed include all asbestos claims for which notification has been received or a file has been opened.
[3]	Claims resolved include all asbestos claims that have been settled, dismissed or that are in the process of being settled or dismissed based upon agreements or understandings in place with counsel for the claimants.
[4]	Excludes claims settled in Mississippi for which the majority of claims have historically been resolved for no payment and insurance recoveries.

Commitments and Contingencies (Details 1) - USD ($)
$ in Thousands

Dec. 31, 2012

Dec. 31, 2011

Current asbestos insurance asset(1)

^[1]

$ 35,566

$ 43,452

Current asbestos insurance receivable(1)

^[1]

36,778

33,696

Long-term asbestos insurance asset(2)

^[2]

315,363

326,838

Long-term asbestos insurance receivable(2)

^[2]

7,063

14,034

Accrued asbestos liability(3)

^[3]

58,501

76,295

Long-term asbestos liability(4)

^[4]

$ 375,493

$ 382,394

[1]	Included in Other current assets in the Consolidated Balance Sheets.
[2]	Included in Other assets in the Consolidated Balance Sheets.
[3]	Represents current reserves for probable and reasonably estimable asbestos-related liability cost that the Company believes the subsidiaries will pay through the next 15 years, overpayments by certain insurers and unpaid legal costs related to defending themselves against asbestos-related liability claims and legal action against the Company's insurers, which is included in Accrued liabilities in the Consolidated Balance Sheets.
[4]	Included in Other liabilities in the Consolidated Balance Sheets.

Commitments and Contingencies (Details 2) $ in Thousands	Dec. 31, 2012 USD ($)
2013	$ 30,166
2014	21,324
2015	16,235
2016	10,440
2017	6,639
Thereafter	40,885
Total	$ 125,689

Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 1997
Future Claims Period		15 years
Future Expected Recovery Percentage		90.00%
Future Expected Cost Percentage		10.00%
Insolvent Carrier				$ 1,400
Cash Settlement Amount				$ 700
Indemnification Period				20 years
Funding Requirement Amount			$ 10,000
Pretax Charge	$ 1,800
Liability For Asbestos and Environmental Claims, Gross, Incurred Loss	18,100
Increase in Expected Insurance Recovery	16,300
Asbestos Receivable Current Reduction				$ 2,800
Asbestos Receivable Non Current Reduction				1,200
Asbestos Liability and Defense Costs Net Charge				4,000
Provision For Asbestos liability			2,100
Increase In Other Accrued Liability			1,400
Reduction In Asbestos Insurance Asset	700		700
Payments To Insurer	$ 5,000		$ 5,000
Asbestos Related Costs Percentage	17.00%		17.00%
Loss Contingency, Damages Sought, Value					$ 10,000
Bank Guarantees		$ 59,700
Loss Contingency, Damages Paid, Value		8,500
Operating Leases, Rent Expense, Net		$ 39,500	$ 4,900	$ 4,600
Subsidiary Of Common Parent [Member]
Pretax Charge	$ 700
Liability For Asbestos and Environmental Claims, Gross, Incurred Loss	4,700
Increase in Expected Insurance Recovery	$ 4,000

Segment Information (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2012

Sep. 28, 2012

Jun. 29, 2012

^[1],[2]

Mar. 30, 2012

^[1],[2]

Dec. 31, 2011

Sep. 30, 2011

^[3]

Jul. 01, 2011

Apr. 01, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Net sales

$ 1,027,397

$ 954,440

$ 1,045,653

$ 886,366

$ 177,791

^[3]

$ 170,294

$ 186,749

$ 158,558

$ 3,913,856

$ 693,392

$ 541,987

Segment operating income (loss)

^[4]

200,069

35,586

44,695

Depreciation and Amortization

200,400

23,333

16,807

Capital Expenditures

83,586

14,786

12,527

Income before income taxes

48,439

19,987

27,688

Interest expense

91,570

5,919

6,684

Restructuring and other related charges

60,060

9,680

10,323

Investment in Equity Method Investees

55,557

7,680

55,557

7,680

Total assets

6,129,727

1,088,543

6,129,727

1,088,543

Gas and Fluid Handling [Member]

Net sales

1,901,132

693,392

541,987

Segment operating income (loss)

^[4]

141,524

86,664

65,357

Depreciation and Amortization

112,389

22,375

15,823

Capital Expenditures

42,343

14,420

12,118

Investment in Equity Method Investees

11,451

7,680

11,451

7,680

Total assets

3,329,948

947,773

3,329,948

947,773

Fabrication Technology [Member]

Net sales

2,012,724

Segment operating income (loss)

^[4]

140,184

Depreciation and Amortization

69,708

Capital Expenditures

41,146

Restructuring and other related charges

45,236

Investment in Equity Method Investees

44,106

Total assets

2,565,582

Corporate and Other [Member]

Segment operating income (loss)

^[4]

(81,639)

(51,078)

(20,662)

Depreciation and Amortization

18,303

958

984

Capital Expenditures

366

$ 409

Total assets

$ 234,197

$ 140,770

$ 234,197

$ 140,770

[1]	Gross profit for the three months ended March 30, 2012 and June 29, 2012 reflects the reclassification of $13.7 million and $13.0 million, respectively, of additional Cost of sales, which was included in Selling, general and administrative expense in the Condensed Consolidated Statements of Operations included in the respective quarterly report on Form 10-Q. These amounts were reclassified in order to comply with current period presentation.
[2]	Net (loss) income and Net (loss) income per share for the three months ended March 30, 2012 and June 29 2012, include $42.9 million and $0.8 million of pre-tax Charter acquisition-related expense. See Note 4, "Acquisitions" for additional information regarding the Company's acquisition of Charter.
[3]	Net income (loss) and Net income (loss) per share for the three months ended September 30, 2011 and December 31, 2011 include $5.7 million and $25.3 million, respectively, of pre-tax Charter acquisition-related expense. See Note 4, "Acquisitions" for additional information regarding the Company's acquisition of Charter.
[4]	The following is a reconciliation of Income before income taxes to segment operating income:

Segment Information (Details 1) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2012

Sep. 28, 2012

Jun. 29, 2012

^[1],[2]

Mar. 30, 2012

^[1],[2]

Dec. 31, 2011

Sep. 30, 2011

^[3]

Jul. 01, 2011

Apr. 01, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Net sales

$ 1,027,397

$ 954,440

$ 1,045,653

$ 886,366

$ 177,791

^[3]

$ 170,294

$ 186,749

$ 158,558

$ 3,913,856

$ 693,392

$ 541,987

Property, plant and equipment, net

688,570

90,939

688,570

90,939

United States [Member]

Net sales

789,259

207,459

183,803

Property, plant and equipment, net

127,719

28,699

127,719

28,699

Foreign [Member]

Net sales

3,124,597

485,933

358,184

Property, plant and equipment, net

$ 560,851

$ 62,240

560,851

62,240

Gas Handling [Member]

Net sales

1,242,371

Fluid Handling [Member]

Net sales

658,761

693,392

541,987

Welding and Cutting [Member]

Net sales

$ 2,012,724

$ 0

[1]	Gross profit for the three months ended March 30, 2012 and June 29, 2012 reflects the reclassification of $13.7 million and $13.0 million, respectively, of additional Cost of sales, which was included in Selling, general and administrative expense in the Condensed Consolidated Statements of Operations included in the respective quarterly report on Form 10-Q. These amounts were reclassified in order to comply with current period presentation.
[2]	Net (loss) income and Net (loss) income per share for the three months ended March 30, 2012 and June 29 2012, include $42.9 million and $0.8 million of pre-tax Charter acquisition-related expense. See Note 4, "Acquisitions" for additional information regarding the Company's acquisition of Charter.
[3]	Net income (loss) and Net income (loss) per share for the three months ended September 30, 2011 and December 31, 2011 include $5.7 million and $25.3 million, respectively, of pre-tax Charter acquisition-related expense. See Note 4, "Acquisitions" for additional information regarding the Company's acquisition of Charter.

Selected Quarterly Data-(unaudited) (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2012

Sep. 28, 2012

Jun. 29, 2012

^[1],[2]

Mar. 30, 2012

^[1],[2]

Dec. 31, 2011

^[3]

Sep. 30, 2011

^[3]

Jul. 01, 2011

Apr. 01, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Net sales

$ 1,027,397

$ 954,440

$ 1,045,653

$ 886,366

$ 177,791

$ 170,294

$ 186,749

$ 158,558

$ 3,913,856

$ 693,392

$ 541,987

Gross profit

307,570

287,987

314,862

241,706

61,544

60,627

64,674

53,254

1,152,125

240,099

191,408

Net income (loss)

25,066

14,499

18,632

(100,461)

$ (16,080)

$ 3,690

$ 10,390

$ 6,555

(64,402)

4,555

16,215

Net (loss) income attributable to Colfax Corporation common shareholders

$ 14,664

$ 4,022

$ 7,293

$ (109,332)

$ (83,353)

$ 4,555

$ 16,215

Net income (loss) per share - basic (in dollars per share)

$ 0.14

$ 0.04

$ 0.07

$ (1.33)

$ (0.37)

$ 0.08

$ 0.24

$ 0.15

$ (0.92)

$ 0.10

$ 0.37

Net income (loss) per share - diluted (in dollars per share)

$ 0.13

$ 0.04

$ 0.07

$ (1.33)

$ (0.37)

$ 0.08

$ 0.23

$ 0.15

$ (0.92)

$ 0.10

$ 0.37

[1]	Gross profit for the three months ended March 30, 2012 and June 29, 2012 reflects the reclassification of $13.7 million and $13.0 million, respectively, of additional Cost of sales, which was included in Selling, general and administrative expense in the Condensed Consolidated Statements of Operations included in the respective quarterly report on Form 10-Q. These amounts were reclassified in order to comply with current period presentation.
[2]	Net (loss) income and Net (loss) income per share for the three months ended March 30, 2012 and June 29 2012, include $42.9 million and $0.8 million of pre-tax Charter acquisition-related expense. See Note 4, "Acquisitions" for additional information regarding the Company's acquisition of Charter.
[3]	Net income (loss) and Net income (loss) per share for the three months ended September 30, 2011 and December 31, 2011 include $5.7 million and $25.3 million, respectively, of pre-tax Charter acquisition-related expense. See Note 4, "Acquisitions" for additional information regarding the Company's acquisition of Charter.

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.21)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04.23)
-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 18
-Article 7

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 36, 37, 38
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 20
-Article 5

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 21
-Article 9

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e565-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 10, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A7
-Appendix A

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 87-21
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 19
-Article 5

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28, 29, 30
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

+ Details

Selected Quarterly Data-(unaudited) (Details Textual) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Jun. 29, 2012	Mar. 30, 2012	Dec. 31, 2011	Sep. 30, 2011	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Charter acquisition-related expense	$ 800	$ 42,900	$ 25,300	$ 5,700	$ 43,617	$ 31,052	$ 0
Cost Of Sales [Member]
Reclassification To Comply With Current Period Presentation	$ 13,000	$ 13,700

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Allowance for Doubtful Accounts [Member]

Balance at Beginning of Period

$ 2,578

$ 2,562

$ 2,837

Charged to Cost and Expense

^[1]

13,917

112

218

Charged to Other Accounts

^[2]

Write-Offs Write-Downs and Deductions

(192)

(70)

(405)

Acquisitions

Foreign Currency Translation

161

(26)

(88)

Balance at End of Period

16,464

2,578

2,562

Allowance For Excess Slow Moving And Obsolete Inventory [Member]

Balance at Beginning of Period

6,735

7,777

8,025

Charged to Cost and Expense

^[1]

3,341

181

1,942

Charged to Other Accounts

^[2]

Write-Offs Write-Downs and Deductions

(1,001)

(1,258)

(1,849)

Acquisitions

Foreign Currency Translation

146

(341)

Balance at End of Period

9,221

6,735

7,777

Valuation Allowance of Deferred Tax Assets [Member]

Balance at Beginning of Period

79,855

52,891

45,053

Charged to Cost and Expense

^[1]

103,785

16,621

4,407

Charged to Other Accounts

^[2]

20,676

10,346

3,666

Write-Offs Write-Downs and Deductions

(180)

Acquisitions

167,723

Foreign Currency Translation

(3)

(55)

Balance at End of Period

$ 372,039

$ 79,855

$ 52,891

[1]	Amounts charged to other accounts is net of recoveries for the respective period.
[2]	Represents amount charged to Accumulated other comprehensive loss.

Financial Instruments and Fair Value Measurements (Details) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Assets, Fair Value Disclosure, Recurring	$ 146,791	$ 15,545
Liabilities, Fair Value Disclosure, Recurring	13,734	20,187
Cash and Cash Equivalent [Member]
Assets, Fair Value Disclosure, Recurring	133,878	15,540
Foreign Currency Contracts Related To Sales - Designated As Hedges [Member]
Assets, Fair Value Disclosure, Recurring	6,832
Liabilities, Fair Value Disclosure, Recurring	1,024
Foreign Currency Contracts Related To Sales - Not Designated As Hedges [Member]
Assets, Fair Value Disclosure, Recurring	2,249
Liabilities, Fair Value Disclosure, Recurring	1,693
Foreign Currency Contracts Related To Purchases - Designated As Hedges [Member]
Assets, Fair Value Disclosure, Recurring	213
Liabilities, Fair Value Disclosure, Recurring	896
Foreign Currency Contracts Related To Purchases - Not Designated As Hedges [Member]
Assets, Fair Value Disclosure, Recurring	1,077
Liabilities, Fair Value Disclosure, Recurring	1,062
Deferred Compensation Plans [Member]
Assets, Fair Value Disclosure, Recurring	2,542
Liabilities, Fair Value Disclosure, Recurring	2,542
Liability For Contingent Payments [Member]
Liabilities, Fair Value Disclosure, Recurring	6,517	4,359
Foreign Currency Contracts - Primarily Related To Customer Sales Contracts [Member]
Assets, Fair Value Disclosure, Recurring		5
Liabilities, Fair Value Disclosure, Recurring		371
Interest Rate Swap [Member]
Liabilities, Fair Value Disclosure, Recurring		471
Foreign Currency Contracts Acquisition Related [Member]
Liabilities, Fair Value Disclosure, Recurring		14,986
Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value Disclosure, Recurring	133,878	15,540
Liabilities, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 1 [Member] \| Cash and Cash Equivalent [Member]
Assets, Fair Value Disclosure, Recurring	133,878
Fair Value, Inputs, Level 1 [Member] \| Foreign Currency Contracts Related To Sales - Designated As Hedges [Member]
Assets, Fair Value Disclosure, Recurring	0
Liabilities, Fair Value Disclosure, Recurring	0
Fair Value, Inputs, Level 1 [Member] \| Foreign Currency Contracts Related To Sales - Not Designated As Hedges [Member]
Assets, Fair Value Disclosure, Recurring	0
Liabilities, Fair Value Disclosure, Recurring	0
Fair Value, Inputs, Level 1 [Member] \| Foreign Currency Contracts Related To Purchases - Designated As Hedges [Member]
Assets, Fair Value Disclosure, Recurring	0
Liabilities, Fair Value Disclosure, Recurring	0
Fair Value, Inputs, Level 1 [Member] \| Foreign Currency Contracts Related To Purchases - Not Designated As Hedges [Member]
Assets, Fair Value Disclosure, Recurring	0
Liabilities, Fair Value Disclosure, Recurring	0
Fair Value, Inputs, Level 1 [Member] \| Deferred Compensation Plans [Member]
Assets, Fair Value Disclosure, Recurring	0
Liabilities, Fair Value Disclosure, Recurring	0
Fair Value, Inputs, Level 1 [Member] \| Liability For Contingent Payments [Member]
Liabilities, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 1 [Member] \| Foreign Currency Contracts - Primarily Related To Customer Sales Contracts [Member]
Assets, Fair Value Disclosure, Recurring		0
Liabilities, Fair Value Disclosure, Recurring		0
Fair Value, Inputs, Level 1 [Member] \| Interest Rate Swap [Member]
Liabilities, Fair Value Disclosure, Recurring		0
Fair Value, Inputs, Level 1 [Member] \| Foreign Currency Contracts Acquisition Related [Member]
Liabilities, Fair Value Disclosure, Recurring		0
Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure, Recurring	12,913	5
Liabilities, Fair Value Disclosure, Recurring	7,217	15,828
Fair Value, Inputs, Level 2 [Member] \| Cash and Cash Equivalent [Member]
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 2 [Member] \| Foreign Currency Contracts Related To Sales - Designated As Hedges [Member]
Assets, Fair Value Disclosure, Recurring	6,832
Liabilities, Fair Value Disclosure, Recurring	1,024
Fair Value, Inputs, Level 2 [Member] \| Foreign Currency Contracts Related To Sales - Not Designated As Hedges [Member]
Assets, Fair Value Disclosure, Recurring	2,249
Liabilities, Fair Value Disclosure, Recurring	1,693
Fair Value, Inputs, Level 2 [Member] \| Foreign Currency Contracts Related To Purchases - Designated As Hedges [Member]
Assets, Fair Value Disclosure, Recurring	213
Liabilities, Fair Value Disclosure, Recurring	896
Fair Value, Inputs, Level 2 [Member] \| Foreign Currency Contracts Related To Purchases - Not Designated As Hedges [Member]
Assets, Fair Value Disclosure, Recurring	1,077
Liabilities, Fair Value Disclosure, Recurring	1,062
Fair Value, Inputs, Level 2 [Member] \| Deferred Compensation Plans [Member]
Assets, Fair Value Disclosure, Recurring	2,542
Liabilities, Fair Value Disclosure, Recurring	2,542
Fair Value, Inputs, Level 2 [Member] \| Liability For Contingent Payments [Member]
Liabilities, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 2 [Member] \| Foreign Currency Contracts - Primarily Related To Customer Sales Contracts [Member]
Assets, Fair Value Disclosure, Recurring		5
Liabilities, Fair Value Disclosure, Recurring		371
Fair Value, Inputs, Level 2 [Member] \| Interest Rate Swap [Member]
Liabilities, Fair Value Disclosure, Recurring		471
Fair Value, Inputs, Level 2 [Member] \| Foreign Currency Contracts Acquisition Related [Member]
Liabilities, Fair Value Disclosure, Recurring		14,986
Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value Disclosure, Recurring	0	0
Liabilities, Fair Value Disclosure, Recurring	6,517	4,359
Fair Value, Inputs, Level 3 [Member] \| Cash and Cash Equivalent [Member]
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 3 [Member] \| Foreign Currency Contracts Related To Sales - Designated As Hedges [Member]
Assets, Fair Value Disclosure, Recurring	0
Liabilities, Fair Value Disclosure, Recurring	0
Fair Value, Inputs, Level 3 [Member] \| Foreign Currency Contracts Related To Sales - Not Designated As Hedges [Member]
Assets, Fair Value Disclosure, Recurring	0
Liabilities, Fair Value Disclosure, Recurring	0
Fair Value, Inputs, Level 3 [Member] \| Foreign Currency Contracts Related To Purchases - Designated As Hedges [Member]
Assets, Fair Value Disclosure, Recurring	0
Liabilities, Fair Value Disclosure, Recurring	0
Fair Value, Inputs, Level 3 [Member] \| Foreign Currency Contracts Related To Purchases - Not Designated As Hedges [Member]
Assets, Fair Value Disclosure, Recurring	0
Liabilities, Fair Value Disclosure, Recurring	0
Fair Value, Inputs, Level 3 [Member] \| Deferred Compensation Plans [Member]
Assets, Fair Value Disclosure, Recurring	0
Liabilities, Fair Value Disclosure, Recurring	0
Fair Value, Inputs, Level 3 [Member] \| Liability For Contingent Payments [Member]
Liabilities, Fair Value Disclosure, Recurring	$ 6,517	4,359
Fair Value, Inputs, Level 3 [Member] \| Foreign Currency Contracts - Primarily Related To Customer Sales Contracts [Member]
Assets, Fair Value Disclosure, Recurring		0
Liabilities, Fair Value Disclosure, Recurring		0
Fair Value, Inputs, Level 3 [Member] \| Interest Rate Swap [Member]
Liabilities, Fair Value Disclosure, Recurring		0
Fair Value, Inputs, Level 3 [Member] \| Foreign Currency Contracts Acquisition Related [Member]
Liabilities, Fair Value Disclosure, Recurring		$ 0