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DOCUMENT AND ENTITY INFORMATION - USD ($) $ in Millions	12 Months Ended
DOCUMENT AND ENTITY INFORMATION - USD ($) $ in Millions	Dec. 31, 2013	Feb. 03, 2014	Jun. 28, 2013
Document and Entity Information [Abstract]
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		102,132,719
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2013
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2013
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 3,890

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Income Statement [Abstract]

Net sales

^[1]

$ 4,207,209

$ 3,913,856

$ 693,392

Cost of sales

2,900,987

2,761,731

453,293

Gross profit

1,306,222

1,152,125

240,099

Selling, general and administrative expense

860,994

895,452

162,761

Charter acquisition-related expense

43,617

31,052

Restructuring and other related charges

^[2]

35,502

60,060

9,680

Asbestos coverage litigation expense

3,334

12,987

10,700

Operating income

406,392

140,009

25,906

Interest expense

^[2]

103,597

91,570

5,919

Income before income taxes

^[2]

302,795

48,439

19,987

Provision for income taxes

93,652

90,703

15,432

Net income (loss)

209,143

(42,264)

4,555

Less: income attributable to noncontrolling interest, net of taxes

30,515

22,138

Net income (loss) attributable to Colfax Corporation

178,628

(64,402)

4,555

Dividends on preferred stock

20,396

18,951

Net income (loss) available to Colfax Corporation common shareholders

$ 158,232

$ (83,353)

$ 4,555

Net income (loss) per share- basic

$ 1.56

$ (0.92)

$ 0.10

Net income (loss) per share- diluted

$ 1.54

$ (0.92)

$ 0.10

[1]	The Company attributes revenues from external customers to individual countries based upon the country in which the sale was originated.
[2]	The following is a reconciliation of Income before income taxes to segment operating income:

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Statement of Other Comprehensive Income [Abstract]
Net income (loss)	$ 209,143	$ (42,264)	$ 4,555
Other comprehensive income (loss):
Foreign currency translation, net of tax of $(3,634), $(304) and $(18)	6,202	117,703	(11,465)
Unrealized loss on hedging activities, net of tax of $404, $632 and $0	(10,404)	(4,008)	(161)
Changes in unrecognized pension and other post-retirement benefits cost, net of tax of $575, $(5,835) and $(654)	77,071	(91,495)	(34,291)
Amounts reclassified from Accumulated other comprehensive loss:
Realized gain on hedging activities, net of tax of $0, $0 and $0	0	471	1,479
Net pension and other postretirement benefit cost, net of tax of $715, $256 and $114	10,022	8,557	4,160
Other comprehensive income (loss)	82,891	31,228	(40,278)
Comprehensive income (loss)	292,034	(11,036)	(35,723)
Less: comprehensive income attributable to noncontrolling interest	13,039	26,523	0
Comprehensive income (loss) attributable to Colfax Corporation	$ 278,995	$ (37,559)	$ (35,723)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) [Parenthetical] - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Statement of Other Comprehensive Income [Abstract]

Foreign currency translation, tax

$ (3,634)

$ (304)

$ (18)

Unrealized loss on hedging activities, tax

404

632

Changes in unrecognized pension and other post-retirement benefits cost, tax

575

(5,835)

(654)

Realized gain on hedging activities, tax

Net pension and other postretirement benefit cost, tax

$ 715

^[1]

$ 256

$ 114

[1]	Included in the computation of net periodic benefit cost. See Note 13, “Defined Benefit Plans” for additional details.

- 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

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands

Dec. 31, 2013

Dec. 31, 2012

ASSETS

Cash and cash equivalents

$ 311,301

$ 482,449

Trade receivables, less allowance for doubtful accounts of $31,282 and $16,464

1,030,892

873,382

Inventories, net

445,752

493,649

Other current assets

350,401

282,266

Total current assets

2,138,346

2,131,746

Property, plant and equipment, net

^[1]

757,140

688,570

Goodwill

2,384,522

2,098,836

Intangible assets, net

832,553

779,049

Other assets

470,292

450,086

Total assets

6,582,853

6,148,287

LIABILITIES AND EQUITY

Current portion of long-term debt

29,449

34,799

Accounts payable

860,380

699,626

Accrued liabilities

485,261

447,220

Total current liabilities

1,375,090

1,181,645

Long-term debt, less current portion

1,457,642

1,693,512

Other liabilities

1,009,006

1,116,844

Total liabilities

3,841,738

3,992,001

Equity:

Preferred stock, $0.001 par value; 20,000,000 shares authorized; 13,877,552 issued and outstanding

Common stock, $0.001 par value; 400,000,000 shares authorized; 101,921,613 and 94,067,418 issued and outstanding

102

Additional paid-in capital

2,541,005

2,197,694

Retained earnings (accumulated deficit)

19,376

(138,856)

Accumulated other comprehensive loss

(46,608)

(146,594)

Total Colfax Corporation equity

2,513,889

1,912,352

Noncontrolling interest

227,226

243,934

Total equity

2,741,115

2,156,286

Total liabilities and equity

$ 6,582,853

$ 6,148,287

[1]	As the Company does not allocate all long-lived assets, specifically intangible assets, to each individual country, evaluation of long-lived assets in total is impracticable.

CONSOLIDATED BALANCE SHEETS [Parenthetical] - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Trade receivables, allowance for doubtful accounts (in dollars)	$ 31,282	$ 16,464
Preferred Stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	20,000,000	20,000,000
Preferred Stock, Shares Issued	13,877,552	13,877,552
Preferred Stock, Shares Outstanding	13,877,552	13,877,552
Common Stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common Stock, Shares Authorized	400,000,000	400,000,000
Common Stock, Shares, Issued	101,921,613	94,067,418
Common Stock, Shares, Outstanding	101,921,613	94,067,418

CONSOLIDATED STATEMENT OF EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	(Accumulated Deficit) Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Noncontrolling Interest [Member]
Balance at Dec. 31, 2010	$ 216,371	$ 43	$ 0	$ 406,901	$ (60,058)	$ (130,515)	$ 0
Shares, Outstanding at Dec. 31, 2010		43,413,553	0
Net Income Attributable to Parent	4,555				4,555
Net Income Attributable to Noncontrolling Interest	0
Net income (loss)	4,555
Other comprehensive income (loss)	(40,278)	$ 0	$ 0	0	0	(40,278)	0
Common stock-based award activity	$ 8,627	$ 1	$ 0	8,626	0	0	0
Common stock-based award activity (in shares)	248,017	284,017	0
Shares, Outstanding at Dec. 31, 2011		43,697,570	0
Balance at Dec. 31, 2011	$ 189,275	$ 44	$ 0	415,527	(55,503)	(170,793)	0
Net Income Attributable to Parent	(64,402)				(64,402)
Net Income Attributable to Noncontrolling Interest	22,138
Net income (loss)	(42,264)
Acquisitions	259,229						259,229
Sale of stock of entity previously controlled	(4,414)						(4,414)
Distributions to noncontrolling owners	(9,721)	0	0	0	0	0	(9,721)
Acquisition of shares held by noncontrolling interest	(29,292)	0	0	1,035	0	(2,644)	(27,683)
Preferred stock dividend	(18,951)	0	0	0	(18,951)	0	0
Other comprehensive income (loss)	31,228	0	0	0	0	26,843	4,385
Common stock issuances, net of costs	1,432,971	50	0	1,432,921	0	0	0
Preferred stock issuances, net of costs	332,972	0	14	332,958	0	0	0
Common stock-based award activity	$ 15,253	$ 0	$ 0	15,253	0	0	0
Stock issuances, shares		49,917,786	13,877,552
Common stock-based award activity (in shares)	452,062	452,062	0
Shares, Outstanding at Dec. 31, 2012		94,067,418	13,877,552
Balance at Dec. 31, 2012	$ 2,156,286	$ 94	$ 14	2,197,694	(138,856)	(146,594)	243,934
Net Income Attributable to Parent	178,628				178,628
Net Income Attributable to Noncontrolling Interest	30,515
Net income (loss)	209,143
Distributions to noncontrolling owners	(14,260)	0	0	0	0	0	(14,260)
Acquisition of shares held by noncontrolling interest	(14,913)	0	0	955	0	(381)	(15,487)
Preferred stock dividend	(20,396)	0	0	0	(20,396)	0	0
Other comprehensive income (loss)	82,891	0	0	0	0	100,367	(17,476)
Common stock issuances, net of costs	319,898	8	0	319,890	0	0	0
Common stock-based award activity	$ 17,589	$ 0	$ 0	17,589	0	0	0
Stock issuances, shares	7,500,000	7,500,000	0
Common stock-based award activity (in shares)	265,995	265,995	0
Contribution to defined benefit pension plan	$ 4,877	$ 0	$ 0	4,877	0	0	0
Contribution to defined benefit pension plan (in shares)		88,200	0
Shares, Outstanding at Dec. 31, 2013		101,921,613	13,877,552
Balance at Dec. 31, 2013	$ 2,741,115	$ 102	$ 14	$ 2,541,005	$ 19,376	$ (46,608)	$ 227,226

CONSOLIDATED STATEMENT OF EQUITY Statement of Stockholders' Equity [Parenthetical] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Other comprehensive income, tax	$ 1.9	$ 5.3	$ 0.0
Equity Issuance Costs	12.0
Common Stock [Member]
Equity Issuance Costs	12.0	20.2	0.0
Preferred Stock [Member]
Equity Issuance Costs	$ 0.0	$ 7.0	$ 0.0

- Definition

Tax effect of other comprehensive income (loss) attributable to both parent entity and noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-Paragraph 36
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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.

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
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-Name Statement of Financial Accounting Standard (FAS)
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-Paragraph 24
-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 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.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-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 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Statement of Cash Flows [Abstract]
Net income (loss)	$ 209,143	$ (42,264)	$ 4,555
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation, amortization and fixed asset impairment charges	119,258	183,403	22,598
Stock-based compensation expense	13,334	9,373	4,908
Non-cash interest expense	44,377	16,997	735
Gain on revaluation of Sicelub investment	(13,784)	0	0
Unrealized loss on acquisition-related foreign currency derivative	0	0	21,146
Deferred income tax provision (benefit)	9,946	7,222	(1,722)
Changes in operating assets and liabilities, net of acquisitions:
Trade receivables, net	(98,912)	(37,338)	(5,972)
Inventories, net	79,987	26,694	10,844
Accounts payable	128,889	88,927	(7,298)
Changes in other operating assets and liabilities	(130,069)	(78,994)	7,359
Net cash provided by operating activities	362,169	174,020	57,153
Cash flows from investing activities:
Purchases of Fixed Assets, net	(71,482)	(83,187)	(13,624)
Acquisitions, net of cash received	(372,476)	(1,859,645)	(56,346)
Loans to non-trade creditors	(31,012)	0	0
Other, net	0	1,857	0
Net cash used in investing activities	(474,970)	(1,940,975)	(69,970)
Cash flows from financing activities:
Borrowings under term credit facility	50,861	1,731,523	0
Payments under term credit facility	(679,755)	(531,415)	(10,000)
Proceeds from borrowings on revolving credit facilities	648,000	13,149	141,203
Repayments of borrowings on revolving credit facilities	(328,133)	(53,414)	(102,180)
Proceeds from issuance of common stock, net	324,153	756,762	3,719
Proceeds from issuance of preferred stock, net	0	332,969	0
Acquisition of shares held by noncontrolling interest	(14,913)	(29,292)	0
Payments of dividend on preferred stock	(20,396)	(17,446)	0
Other	(24,870)	(19,608)	0
Net cash provided by financing activities	(45,053)	2,183,228	32,742
Effect of foreign exchange rates on Cash and cash equivalents	(13,294)	(8,932)	(5,359)
(Decrease) Increase in Cash and cash equivalents	(171,148)	407,341	14,566
Cash and cash equivalents, beginning of period	482,449	75,108	60,542
Cash and cash equivalents, end of period	311,301	482,449	75,108
Interest Paid	58,970	79,857	5,209
Income Taxes Paid, Net	$ 93,856	$ 70,677	$ 16,731

General	12 Months Ended
General	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	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. During the three months ended March 29, 2013, adjustments were made retrospectively to provisional amounts recorded as of December 31, 2012, due to the finalization of the valuation of specific tax items related to the acquisition of Charter International plc (“Charter”) by Colfax (the “Charter Acquisition”). See Note 4, “Acquisitions” for additional information regarding these adjustments.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Summary of Significant Accounting Policies Accounting Policies

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

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 a business combination are recognized in the opening balance sheet at fair value.

Revenue Recognition

The Company generally recognizes revenues and costs from product sales when title passes to the buyer and all of the following criteria are met: persuasive evidence of an arrangement exists, the price is fixed or 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, 2013, there were $231.3 million of revenues in excess of billings and $214.8 million of billings in excess of revenues on construction contracts in the Consolidated Balance Sheet. 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 16, “Segment Information” for sales by major product group.

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 $27.4 million, $19.4 million and $5.7 million for the years ended December 31, 2013, 2012 and 2011, respectively, are expensed as incurred and are included in Selling, general and administrative expense in the Consolidated Statements of Operations.

Advertising Costs

Advertising costs of $17.0 million, $15.7 million, and $1.2 million for the years ended December 31, 2013, 2012 and 2011, 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 (determined under various methods, but predominantly first-in, first-out) or market. For gas-handling construction projects, cost is primarily determined based upon actual cost. 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 more likely than not 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 more likely than not 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 more likely than not 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 analysis performed as of September 28, 2013, indicated no impairment to be present, except for $0.2 million of impairment loss related to an indefinite-lived intangible asset included in the gas- and fluid-handling segment for the year ended December 31, 2013. This impairment results from a decline in anticipated revenue related to this asset. The impairment loss is included in Selling, general and administrative expense in the Consolidated Statement of Operations and was calculated as the difference between the fair value of the asset under the relief from royalty method and its carrying value as of the date of the impairment test. The fair value of that intangible asset of $2.8 million as of December 31, 2013 is included in Level Three of the fair value hierarchy and is not material to the Consolidated Financial Statements.

The impairment analyses performed as of September 29, 2012 and October 1, 2011 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 two 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 $1.9 million and $3.2 million during the years ended December 31, 2013 and 2012, respectively, as a component of Restructuring and other related charges in the Consolidated Statements 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.

Derivatives

The Company is subject to foreign currency risk associated with the translation of the net assets of foreign subsidiaries to United States (“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 €149.7 million term A-3 facility, €100.0 million term A-4 facility and €72.0 million outstanding on the multicurrency revolving credit subfacility, which have been designated as net investment hedges 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.

The Company does not enter into derivative contracts for trading purposes.

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 for losses up to the retention amounts when such amounts are reasonably estimable and probable. The Company’s accruals, included in Accrued liabilities in the Consolidated Balance Sheets, related to self-insurance are as follows:



	December 31,
	2013		2012
	(In thousands)
Medical insurance	$	2,846	$	383
Workers’ compensation	1,616		1,868
Total self-insurance accruals	$	4,462	$	2,251

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 Accrued liabilities and Other liabilities in the Company’s Consolidated Financial Statements, consisted of the following:



	Year Ended December 31,
	2013			2012
	(In thousands)
Warranty liability, beginning of period	$	40,437		$	2,987
Accrued warranty expense	25,013			10,468
Changes in estimates related to pre-existing warranties	(638		)	9
Cost of warranty service work performed	(21,082		)	(23,457		)
Acquisitions	18,569			51,367
Foreign exchange translation effect	(827		)	(937		)
Warranty liability, end of period	$	61,472		$	40,437

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 tax assets 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 or Interest expense in the Consolidated Statements of Operations for that period.

During the three months ended March 29, 2013, Venezuela devalued its currency to an official rate of 6.3 bolivar fuerte (“bolivar”) to the U.S. dollar, representing an approximate 32% devaluation of its currency relative to the U.S. dollar. The Company currently considers the bolivar a highly inflationary currency under GAAP. Therefore, financial statements of the Company’s Venezuelan operations are remeasured into their parents’ reporting currency. Exchange gains and losses from the re-measurement of monetary assets and liabilities are reflected in current earnings. Future impacts to earnings of applying highly inflationary accounting for Venezuela on the Company’s Consolidated Financial Statements will be dependent upon movements in the applicable exchange rates between the bolivar and the parents’ reporting currency and the amount of monetary assets and liabilities included in the Company’s Venezuelan operations’ balance sheets. As of and for the year ended December 31, 2013, the Company’s Venezuelan operations represented less than 1% of the Company’s Total assets and Net sales. The bolivar-denominated monetary net asset position, primarily related to Cash and cash equivalents, was $5.5 million in the Consolidated Balance Sheet as of December 31, 2013. The devaluation of the bolivar and the change to the Colombian peso as the functional currency resulted in a foreign currency transaction loss of $2.9 million recognized in Selling, general and administrative expense for the three months ended March 29, 2013.

During the year ended December 31, 2013, the Company recognized net foreign currency transaction losses of $4.1 million and $5.2 million in Interest expense and Selling, general and administrative expense in the Consolidated Statement of Operations, respectively, including the $2.9 million loss related to the devaluation of the bolivar discussed above. The net foreign currency transaction (loss) gain recognized in Selling, general and administrative expense in the Consolidated Statements of Operations was $(1.2) million and $0.2 million for the years ended December 31, 2012 and 2011, 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 $18.2 million and $21.1 million, respectively, were included in Other assets in the Consolidated Balance Sheets as of December 31, 2013 and 2012 net of $4.7 million and $4.8 million, respectively, of accumulated amortization. During the years ended December 31, 2013 and 2012, the Company deferred $7.1 million and $9.9 million, respectively, of debt issuance costs. There were no debt issuance costs deferred during the year ended December 31, 2011. 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

Certain prior period amounts have been reclassified to conform to current year presentations.

Recently Issued Accounting Pronouncements	12 Months Ended
Recently Issued Accounting Pronouncements	Dec. 31, 2013
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements In March 2013, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2013-05, “Foreign Currency Matters (Topic 830)” (“ASU No. 2013-05”). ASU No. 2013-05 is intended to clarify the parent’s accounting for the cumulative translation adjustment upon the sale or transfer of a group of assets within a consolidated foreign entity. When a parent ceases to have a controlling financial interest in a subsidiary or group of assets within a foreign entity, the parent is required to release any related cumulative translation adjustment into Net income. ASU No. 2013-05 further clarifies that the cumulative translation adjustment should be released into Net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. ASU No. 2013-05 also clarifies application of this guidance to step acquisitions. ASU No. 2013-05 is effective prospectively for fiscal years beginning after December 15, 2013, with early adoption permitted. The Company will apply the provisions of ASU No. 2013-05 to future sales or transfers of assets of a consolidated foreign entity. In July 2013, the FASB issued ASU No. 2013-11, “Income Taxes (Topic 740)” (“ASU No. 2013-11”). ASU No. 2013-11 is intended to clarify the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except in certain circumstances. To the extent a carryforward is not available at the reporting date or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability. ASU No. 2013-11 is effective prospectively to all unrecognized tax benefits that exist at the effective date for fiscal years beginning after December 15, 2013, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU No. 2013-11 on the Company’s Consolidated Balance Sheet.

Acquisitions

12 Months Ended

Dec. 31, 2013

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

Acquisitions

Charter International plc

On January 13, 2012, Colfax completed the acquisition of Charter for a total purchase price of approximately $2.6 billion, comprised of $1.9 billion of cash consideration and $0.7 billion fair value of Colfax Common stock on the date of acquisition. Charter is a global industrial manufacturing company focused on welding, cutting and automation and air and gas handling. The acquisition has:


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


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


•	provided an additional growth platform in the fragmented fabrication technology industry.

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 measurement period was completed during the three months ended March 29, 2013. During the measurement period, the Company retrospectively adjusted provisional amounts with respect to the Charter Acquisition that were recognized at the acquisition date to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date. The aggregate adjustments for the three months ended March 29, 2013 of $23.5 million increased the Goodwill balance and relate to the Company’s valuation of specific tax items.

Other

The following acquisitions were accounted for using the acquisition method of accounting, except as otherwise noted, 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 November 29, 2013, the Company completed the acquisition of the global infrastructure and industry division of Fläkt Woods Group (“GII”) for approximately $246.0 million, including the assumption of debt, subject to certain adjustments. GII has operations around the world and will expand the Company’s product offerings in the heavy duty industrial and cooling fan market.

On November 25, 2013, the Company converted the common shares of Sistemas Centrales de Lubrication S.A. de C.V. (“Sicelub”), previously a less than wholly owned subsidiary in which the Company did not have a controlling interest, that were held by the majority owner into shares of mandatorily redeemable non-voting preferred stock of Sicelub valued at $31.7 million, which resulted in an increase in the Company’s ownership from 44% to 100%. On the date of the acquisition, the Company held a $7.4 million equity investment representing the Company’s 44% investment in Sicelub and recognized a $13.8 million gain as a reduction in Selling, general and administrative expense in the Consolidated Statement of Operations to remeasure the investment to fair value at the acquisition date based upon the total enterprise value, adjusting for a control premium. Changes in fair value of the mandatorily redeemable preferred stock are determined, in part, by the achievement of certain performance goals. The change in the fair value of the mandatorily redeemable preferred stock for each period will be reflected in Interest expense.

On November 1, 2013, the Company completed the acquisition of ČKD Kompresory a.s. (“ČKDK”) for approximately $69.4 million, including the assumption of debt. ČKDK is a leading supplier of multi-stage centrifugal compressors to the oil & gas, petrochemical, power and steel industries, based in Prague, Czech Republic.

On September 30, 2013, the Company completed the acquisition of certain business units of The New York Blower Company, including TLT-Babcock Inc. (“TLT-Babcock”) and Alphair Ventilating Systems Inc. (“Alphair”) for an approximate aggregate purchase price of $55.7 million. TLT-Babcock and Alphair are suppliers of heavy duty and industrial fans in Akron, Ohio and Winnepeg, Ontario, respectively.

On July 9, 2013, the Company completed the acquisition of the common stock of Clarus Fluid Intelligence, LLC (“Clarus”) for $13.2 million, which includes the fair value of an estimated additional contingent cash payment of $2.5 million at the acquisition date. The additional contingent payment, if any, will be paid during the year ending December 31, 2016 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 payments. Clarus is a domestic supplier of flushing services for marine applications primarily to U.S. government agencies, with primary operations based in Bellingham, Washington.

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.

Fabrication Technology

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 $187.2 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. On August 5, 2013, the Company completed a $14.9 million tender offer for additional common and investment shares of Soldex. This resulted in an increase in the Company’s ownership of the subsidiary from approximately 91% to 99% and was accounted for as an equity transaction, as the Company increased its controlling interest.

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 and was accounted for as an equity transaction, as the Company increased its controlling interest.

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%.

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of the acquisition for all acquisitions consummated during the years ended December 31, 2013, 2012 and 2011. For the acquisitions consummated during the year ended December 31, 2013, the amounts represent the Company’s best estimate of the aggregate fair value of the assets acquired and liabilities assumed. These amounts are 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. Approximately $27.9 million of the Goodwill recognized for acquisitions consummated during the year ended December 31, 2013 is expected to be deductible for income tax purposes.



	2013			2012			2011
	(In thousands)
Trade receivables	$	80,258		$	714,486		$	12,970
Inventories	53,551			487,835			11,668
Property, plant and equipment	94,258			595,961			3,069
Goodwill	258,901			1,793,394			35,285
Intangible assets	104,272			794,333			20,796
Accounts payable	(68,308		)	(391,131		)	(9,852		)
Debt	(10,942		)	(437,564		)	—
Other assets and liabilities, net	(87,188		)	(746,719		)	(12,236		)
	424,802			2,810,595			61,700
Less: net assets attributable to noncontrolling interest	—			(259,329		)	—
Consideration, net of cash acquired	$	424,802		$	2,551,266		$	61,700

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for the individually significant acquisitions consummated, and all of the others collectively, during the year ended December 31, 2012:



	Charter			Soldex			Other			Total 2012
	(In thousands)
Trade receivables	$	683,976		$	22,848		$	7,662		$	714,486
Inventories	449,906			32,985			4,944			487,835
Property, plant and equipment	562,129			28,921			4,911			595,961
Goodwill	1,649,159			116,696			27,539			1,793,394
Intangible assets	715,643			65,325			13,365			794,333
Accounts payable	(378,114		)	(6,682		)	(6,335		)	(391,131		)
Debt	(399,466		)	(36,734		)	(1,364		)	(437,564		)
Other assets and liabilities, net	(706,052		)	(33,654		)	(7,013		)	(746,719		)
	2,577,181			189,705			43,709			2,810,595
Less: net assets attributable to noncontrolling interest	(241,201		)	(18,128		)	—			(259,329		)
Consideration, net of cash acquired	$	2,335,980		$	171,577		$	43,709		$	2,551,266

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. Excluding Charter Acquisition-related expenses, the Company incurred advisory, legal, valuation and other professional service fees of $4.3 million, $3.1 million and $0.1 million, during the years ended December 31, 2013, 2012 and 2011, respectively, in connection with completed acquisitions which are included in Selling, general and administrative expense in the Consolidated Statements of Operations.

During the year ended December 31, 2013, the Company’s Consolidated Statement of Operations included $59.9 million of Net sales associated with the acquisitions consummated in the current year. Net income available to Colfax common shareholders associated with acquisitions consummated in the current year was not material. During the year ended December 31, 2012, the Company’s Consolidated Statement of Operations included $3.2 billion and $21.6 million of Net sales associated with the acquisitions of Charter and Soldex, respectively. The Net loss attributable to Colfax Corporation common shareholders for Soldex included in the Consolidated Statements of Operations for the year ended December 31, 2012 was $1.7 million. Due to the refinancing of the Company's borrowing arrangements, the restructuring of the Corporate function of both entities into a single corporate office and numerous other shared resources given the scale of the Charter Acquisition, quantification of the earnings included in the consolidated income statement for the year ended December 31, 2012 related to Charter is impracticable.

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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1497-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1490-128463

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-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Name Accounting Standards Codification
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-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1383-128463

Reference 16: http://www.xbrl.org/2003/role/presentationRef
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-Number 88-16
-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 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph F4
-Subparagraph e
-Appendix F

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141
-Paragraph 51, 52
-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 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 67-73
-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 Income (Loss) Per Share

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Net Income (Loss) Per Share

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



	Year Ended December 31,
	2013			2012			2011
	(In thousands, except share data)
Computation of Net income (loss) per share - basic:
Net income (loss) available to Colfax Corporation common shareholders	$	158,232		$	(83,353	)	$	4,555
Less: net income attributable to participating securities⁽¹⁾	(3,740		)	—			—
	$	154,492		$	(83,353	)	$	4,555
Weighted-average shares of Common stock outstanding - basic	99,198,570			91,069,640			43,634,937
Net income (loss) per share - basic	$	1.56		$	(0.92	)	$	0.10
Computation of Net income (loss) per share - diluted:
Net income (loss) available to Colfax Corporation common shareholders	$	158,232		$	(83,353	)	$	4,555
Less: net income attributable to participating securities⁽¹⁾⁽²⁾	(3,740		)	—			—
	$	154,492		$	(83,353	)	$	4,555
Weighted-average shares of Common stock outstanding - basic	99,198,570			91,069,640			43,634,937
Net effect of potentially dilutive securities - stock options and restricted stock units	1,167,885			—			633,173
Weighted-average shares of Common stock outstanding - diluted	100,366,455			91,069,640			44,268,110
Net income (loss) per share - diluted	$	1.54		$	(0.92	)	$	0.10

⁽¹⁾Net income (loss) per share was calculated consistent with the two-class method in accordance with GAAP from January 13, 2012 through April 23, 2013, as further discussed below.

⁽²⁾For periods subsequent to April 23, 2013, Net income per share - dilutive was calculated in accordance with the if-converted method, as further discussed below. However, for the year ended December 31, 2013, the calculation under this method was anti-dilutive.

On April 23, 2013, the Company and BDT CF Acquisition Vehicle, LLC (the “BDT Investor”) amended the Certificate of Designations of Series A Perpetual Convertible Preferred Stock of Colfax Corporation to eliminate the right of the Series A Convertible Preferred Stock to share proportionately in any dividends or distributions made in respect of the Company’s Common stock. The BDT Investor is the sole holder of all issued and outstanding shares of the Company’s Series A Convertible Preferred Stock. For periods prior to April 23, 2013, Net income available to Colfax Corporation common shareholders was allocated to participating securities, while any losses for those periods were not allocated to the participating securities. Effective April 23, 2013, the Company’s Series A Convertible Preferred Stock is no longer considered a participating security. For periods subsequent to April 23, 2013, the Company’s Net income per share - dilutive is computed using the “if-converted” method. Under the “if-converted” method, Net income per share - dilutive is calculated under the assumption that the shares of Series A Convertible Preferred Stock have been converted into shares of Common stock as of the beginning of the respective period. For the year ended December 31, 2013, the weighted-average computation of the dilutive effect of potentially issuable shares of Common stock excludes 12.2 million shares assuming that the shares of Series A Convertible Preferred Stock have been converted, as inclusion of such shares would be anti-dilutive.

The weighted-average computation of the dilutive effect of potentially issuable shares of Common stock under the treasury stock method for the year ended December 31, 2013, 2012 and 2011 excludes approximately 0.6 million, 2.8 million and 0.5 million outstanding stock-based compensation awards, respectively, as their inclusion would be anti-dilutive.

Income Taxes

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

Income Taxes

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



	Year Ended December 31,
	2013			2012			2011
	(In thousands)
(Loss) income before income taxes:
Domestic operations	$	(7,899	)	$	(73,467	)	$	(27,645	)
Foreign operations	310,694			121,906			47,632
	$	302,795		$	48,439		$	19,987
(Benefit from) provision for income taxes:
Current:
Federal	$	(464	)	$	—		$	182
State	871			362			(94		)
Foreign	83,299			83,119			17,066
	83,706			83,481			17,154
Deferred:
Domestic operations	11,603			50,340			—
Foreign operations	(1,657		)	(43,118		)	(1,722		)
	9,946			7,222			(1,722		)
	$	93,652		$	90,703		$	15,432

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,
	2013			2012			2011
	(In thousands)
Taxes calculated at the U.S. federal statutory rate	$	105,978		$	16,954		$	6,995
State taxes	871			362			(421		)
Effect of international tax rates	(42,972		)	(24,070		)	(2,988		)
Change in enacted international tax rates	(5,217		)	(12,305		)	—
Changes in valuation allowance and tax reserves	30,554			106,802			11,177
Other	4,438			2,960			669
Provision for income taxes	$	93,652		$	90,703		$	15,432

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. During the three months ended March 29, 2013, adjustments were made retrospectively to provisional amounts recorded as of December 31, 2012, due to the finalization of the valuation of specific tax items related to the Charter Acquisition. The significant components of deferred tax assets and liabilities, in addition to the reconciliation of the beginning and ending amount of gross unrecognized tax benefits below, include the impact of these retrospective adjustments. Significant components of the deferred tax assets and liabilities are as follows:



	December 31,
	2013			2012
	(In thousands)
Deferred tax assets:
Post-retirement benefit obligation	$	87,305		$	126,106
Expenses currently not deductible	152,539			133,078
Net operating loss carryover	264,893			256,076
Tax credit carryover	15,518			15,378
Depreciation and amortization	4,323			17,010
Other	7,202			3,556
Valuation allowance	(358,386		)	(357,638		)
Deferred tax assets, net	$	173,394		$	193,566
Deferred tax liabilities:
Depreciation and amortization	$	(263,996	)	$	(286,173	)
Post-retirement benefit obligation	(17,844		)	(4,843		)
Inventory	(12,558		)	(12,227		)
Other	(59,205		)	(43,456		)
Total deferred tax liabilities	$	(353,603	)	$	(346,699	)
Total deferred tax liabilities, net	$	(180,209	)	$	(153,133	)

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 ended December 31, 2013, the valuation allowance increased from $357.6 million to $358.4 million with $30.6 million of an increase recognized in Provision for income taxes and an increase of $2.4 million attributable to acquisitions made during the year, which were offset by a decrease of $27.2 million recognized in Other comprehensive income, a net $3.4 million decrease related to international tax rate changes and reclassifications and a $1.6 million decrease related to changes in foreign currency rates. During the year ended December 31, 2012, the valuation allowance increased from $79.9 million to $357.6 million with $103.8 million recognized in Provision for income taxes, $153.3 million recorded in the opening accounts of the Charter Acquisition and $20.6 million recognized in Other comprehensive income. 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 $275.6 million expiring in years 2021 through 2032, and alternative 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, 2013, 2012 and 2011, 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, 2013 is $480.2 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, 2011	$	4,077
Acquisitions	74,316
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	85,723
Acquisitions	—
Addition for tax positions taken in prior periods	6,988
Addition for tax positions taken in the current period	7,730
Reduction for tax positions taken in prior periods	(31,156		)
Other, including the impact of foreign currency translation	(373		)
Balance, December 31, 2013	$	68,912

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, Germany, Finland, Mexico, 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 $68.9 million and $85.7 million as of December 31, 2013 and 2012, respectively, inclusive of $13.2 million and $16.5 million, respectively, of interest and penalties. These amounts were offset by tax benefits of $0.1 million and $0.5 million as of December 31, 2013 and 2012, respectively. The net liabilities for uncertain tax positions as of December 31, 2013 and 2012 were $68.8 million and $85.2 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 $4.0 million, $1.3 million and $0.1 million for the years ended December 31, 2013, 2012 and 2011, 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 $2.3 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 & Intangibles

12 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Intangible Assets

The following table summarizes the activity in Goodwill, by segment during the years ended December 31, 2013 and 2012:



	Gas and Fluid Handling		Fabrication Technology		Total
	(In thousands)
Balance, January 1, 2012	$	204,844	$	—	$	204,844
Goodwill attributable to Charter Acquisition	941,178		707,981		1,649,159
Goodwill attributable to Soldex Acquisition	—		116,696		116,696
Goodwill attributable to other acquisitions	21,840		5,699		27,539
Impact of foreign currency translation and other	57,632		42,966		100,598
Balance, December 31, 2012	1,225,494		873,342		2,098,836
Goodwill attributable to acquisitions	258,901		—		258,901
Impact of foreign currency translation and other	22,629		4,156		26,785
Balance, December 31, 2013	$	1,507,024	$	877,498	$	2,384,522

The following table summarizes the Intangible assets, excluding Goodwill:



	December 31,
	2013					2012
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
	(In thousands)
Trade names – indefinite life	$	412,341	$	—		$	401,123	$	—
Acquired customer relationships	353,337		(51,675		)	300,253		(24,763		)
Acquired technology	114,647		(22,757		)	107,018		(12,466		)
Acquired backlog	73,476		(65,919		)	63,984		(62,432		)
Other intangible assets	26,061		(6,958		)	12,352		(6,020		)
	$	979,862	$	(147,309	)	$	884,730	$	(105,681	)

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



	Year Ended December 31,
	2013		2012		2011
	(In thousands)
Selling, general and administrative expense	$	41,172	$	85,106	$	7,821

As of December 31, 2013, total amortization expense for amortizable intangible assets is expected to be $50.9 million, $49.3 million, $44.5 million, $41.1 million and $38.7 million for the years ending December 31, 2014, 2015, 2016, 2017 and 2018, 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, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Property, Plant and Equipment, Net



		December 31,
	Depreciable Life	2013			2012
	(In years)	(In thousands)
Land	n/a	$	48,353		$	40,319
Buildings and improvements	5-40	372,197			314,216
Machinery and equipment	3-15	504,184			440,975
Software	3-5	88,463			70,092
		1,013,197			865,602
Accumulated depreciation		(256,057		)	(177,032		)
Property, plant and equipment, net		$	757,140		$	688,570

Depreciation expense, including the amortization of assets recorded under capital leases, for the years ended December 31, 2013, 2012 and 2011, was $78.1 million, $71.7 million and $13.1 million, respectively. These amounts include depreciation expense related to software for the years ended December 31, 2013, 2012 and 2011 of $11.8 million, $10.5 million and $1.7 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, 2013

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

Inventories, Net

Inventories, net consisted of the following:



	December 31,
	2013			2012
	(In thousands)
Raw materials	$	145,689		$	154,771
Work in process	112,722			99,459
Finished goods	224,192			263,211
	482,603			517,441
Less: customer progress payments	(4,078		)	(14,571		)
Less: allowance for excess, slow-moving and obsolete inventory	(32,773		)	(9,221		)
Inventories, net	$	445,752		$	493,649

Debt

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

Debt

Long-term debt consisted of the following:



	December 31,
	2013			2012
	(In thousands)
Term loans	$	1,115,238		$	1,682,177
Revolving credit facilities and other	371,853			46,134
Total Debt	1,487,091			1,728,311
Less: current portion	(29,449		)	(34,799		)
Long-term debt	$	1,457,642		$	1,693,512

The Company entered into a credit agreement by and among the Company, Colfax UK Holdings Ltd, the other subsidiaries of the Company party thereto, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent (the “Deutsche Bank Credit Agreement”) on September 12, 2011. In connection with the closing of the Charter Acquisition, the Deutsche Bank Credit Agreement was amended on January 13, 2012 and the Company terminated its existing credit agreement as well as Charter’s outstanding indebtedness.

On February 22, 2013, the Company entered into the Second Amendment to the Deutsche Bank Credit Agreement to, among other things, (i) reallocate the borrowing capacities of the tranches of loans, (ii) provide for an interest rate margin on the term A-1 facility, the term A-2 facility and the revolving credit subfacilities ranging from 0.75% to 1.50% per annum for base rate loans and 1.75% to 2.50% per annum for Eurocurrency rate loans, in each case, determined by the Company’s leverage ratio, (iii) provide for an interest rate margin on the term A-3 facility and the term A-4 facility ranging from 1.50% to 2.25% per annum for base rate loans and 2.50% to 3.25% per annum for Eurocurrency rate loans, in each case, determined by the Company’s leverage ratio and (iv) provide for an interest rate margin on the term B facility of 1.50% per annum for base rate loans and 2.50% per annum for Eurocurrency rate loans.

On November 7, 2013, the Company entered into the Third Amendment to the Deutsche Bank Credit Agreement (the “Third Amendment”). Pursuant to the Third Amendment, the Company further amended its credit agreement to, among other things, (i) reallocate borrowing capacities of the tranches of loans as follows: a $408.7 million term A-1 facility, a $380 million term A-2 facility, a €149.7 million term A-3 facility, a €100 million term A-4 facility and two revolving credit subfacilities which total $898 million in commitments, (ii) provide for an interest rate margin on the term A-1 facility, the term A-2 facility and the revolving credit subfacilities ranging from 0.50% and 1.25% per annum for base rate loans and 1.50% to 2.25% per annum for Eurocurrency rate loans, in each case determined by the Company’s leverage ratio, (iii) provide for an interest margin on the term A-3 facility and the term A-4 facility ranging from 0.75% to 1.50% per annum for base rate loans and 1.75% and 2.50% per annum for Eurocurrency loans, in each case, determined by the Company’s leverage ratio and (iv) reset the maturity date for the term A facilities and the two revolving credit subfacilities as well as the amortization schedule for the term A facilities to a five year term commencing on November 7, 2013. In connection with the Third Amendment, the prior term B facility under the credit agreement was repaid in its entirety.

In conjunction with the amendments to the Deutsche Bank Credit Agreement, the Company recorded a charge to Interest expense in the Consolidated Statement of Operations for the year ended December 31, 2013 of $29.4 million to write-off certain deferred financing fees and original issue discount and expensed approximately $1.2 million of costs incurred in connection with the refinancing. The Company had an original issue discount of $17.7 million and deferred financing fees of $13.5 million included in its Consolidated Balance Sheet as of December 31, 2013, which will be accreted to Interest expense primarily using the effective interest method, over the life of the Deutsche Bank Credit Agreement. As of December 31, 2013, the weighted-average interest rate of borrowings under the amended Deutsche Bank Credit Agreement was 1.99%, excluding accretion of original issue discount, and there was $560.6 million available on the revolving credit subfacilities, including $199.9 million available on a letter of credit subfacility.

The Company is also party to additional letter of credit facilities with total capacity of $688.7 million. Total letters of credit of $398.2 million were outstanding as of December 31, 2013.

The contractual maturities of the Company’s debt as of December 31, 2013 are as follows⁽¹⁾:



	(In thousands)
2014	$	29,449
2015	90,551
2016	189,638
2017	344,119
2018	851,006
Total contractual maturities	1,504,763
Debt discount	(17,672		)
Total debt	$	1,487,091

________

⁽¹⁾ Represents scheduled payments required under the Deutsche Bank Credit Agreement through November 7, 2018, as well as the contractual maturities of other debt outstanding as of December 31, 2013.

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 2.25 to 1.0, measured at the end of each quarter, through the year ended December 31, 2013. The minimum interest coverage ratio increases by 25 basis points each year until it reaches 3.0 to 1.0 for the year ending December 31, 2016 and each year thereafter. 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 each year until it reaches 4.25 to 1.0 for the year ending December 31, 2016 and each year thereafter. 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 revolving credit subfacilities and foreclose on the collateral. The Company is in compliance with all such covenants as of December 31, 2013.

- 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, 2013

Equity [Abstract]

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

Equity

Common and Preferred Stock

During the years ended December 31, 2013, 2012 and 2011, 265,995, 452,062 and 248,017 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.

On May 13, 2013, the Company sold 7,500,000 shares of newly issued Colfax Common stock to underwriters for public resale pursuant to a shelf registration statement for an aggregate purchase price of $331.9 million. In conjunction with this issuance, the Company recognized $12.0 million in equity issuance costs which were recorded as a reduction to Additional paid-in capital during the year ended December 31, 2013.

On September 12, 2013, the Company contributed 88,200 shares of newly issued Colfax Common stock to its U.S. defined benefit pension plan.

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 following table presents the changes in the balances of each component of Accumulated other comprehensive loss including current period reclassifications out of Accumulated other comprehensive loss for the year ended December 31, 2013. All amounts are net of tax and noncontrolling interest.



	Accumulated Other Comprehensive Loss Components
	Net Unrecognized Pension And Other Post-Retirement Benefit Cost			Foreign Currency Translation Adjustment			Unrealized Loss On Hedging Activities			Total
	(In thousands)

Beginning balance	$	(247,332	)	$	104,718		$	(3,980	)	$	(146,594	)
Acquisition of shares held by noncontrolling interest	—			(381		)	—			(381		)
Other comprehensive income (loss) before reclassifications:
Net actuarial gain	77,515			—			—			77,515
Foreign currency translation adjustment	—			21,083			—			21,083
Gain on long-term intra-entity foreign currency transactions	—			2,176			—			2,176
Loss on net investment hedges	—			—			(14,261		)	(14,261		)
Unrealized gain on cash flow hedges	—			—			3,832			3,832
Other comprehensive income (loss) before reclassifications	77,515			23,259			(10,429		)	90,345
Amounts reclassified from Accumulated other comprehensive loss	10,022			—			—			10,022
Net current period Other comprehensive income (loss)	87,537			23,259			(10,429		)	100,367
Ending balance	$	(159,795	)	$	127,596		$	(14,409	)	$	(46,608	)

The effect on Net income of amounts reclassified out of each component of Accumulated other comprehensive loss for the year ended December 31, 2013 is as follows:



	Year Ended December 31, 2013
	Amounts Reclassified From Accumulated Other Comprehensive Loss		Tax Benefit			Total
	(In thousands)

Pension and other post-retirement benefit cost:
Amortization of net loss⁽¹⁾	$	10,489	$	(715	)	$	9,774
Amortization of prior service cost⁽¹⁾	248		—			248
	$	10,737	$	(715	)	$	10,022

⁽¹⁾Included in the computation of net periodic benefit cost. See Note 13, “Defined Benefit Plans” for additional details.

During the year ended December 31, 2013, Noncontrolling interest decreased by $17.5 million as a result of Other comprehensive loss, primarily due to currency translation adjustment.

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,
	2013		2012		2011
	(In thousands)
Stock-based compensation expense	$	13,334	$	9,373	$	4,908
Deferred tax benefit	434		305		1,719

As of December 31, 2013, the Company had $25.5 million of unrecognized compensation expense related to stock-based awards that will be recognized over a weighted-average period of approximately 1.9 years. The intrinsic value of awards exercised or converted was $9.2 million, $9.9 million and $3.8 million during the years ended December 31, 2013, 2012 and 2011, 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,
	2013			2012			2011
Expected period that options will be outstanding (in years)	4.90			5.41			4.50
Interest rate (based on U.S. Treasury yields at the time of grant)	1.06		%	0.99		%	2.10		%
Volatility	43.22		%	42.59		%	52.50		%
Dividend yield	—			—			—
Weighted-average fair value of options granted	$	18.07		$	13.14		$	9.68

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, 2013	2,210,116		$	25.35
Granted	551,480		46.99
Exercised	(244,519	)	15.11
Forfeited	(81,446	)	34.66
Expired	(3,841	)	21.15
Outstanding at December 31, 2013	2,431,790		$	30.98	4.94	$	79,528
Vested or expected to vest at December 31, 2013	2,378,775		$	30.77	4.92	$	78,305
Exercisable at December 31, 2013	797,724		$	18.92	3.63	$	35,717

__________


⁽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”), the vesting of which 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 a separate criterion. The performance criterion was met for PRSUs granted during the year ended December 31, 2012, including PRSUs granted to the Company’s CEO as part of his initial employment agreement in April 2012, which were subject to a separate criterion. The performance criterion was met for the PRSUs granted during the year ended December 31, 2013, except for PRSUs granted to one employee that were subject to a 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, 2013	560,951		$	24.40	54,876		$	26.23
Granted	81,549		45.20		105,778		46.78
Vested	(15,507	)	18.13		(35,761	)	25.85
Forfeited	(50,251	)	20.35		(3,104	)	41.06
Nonvested at December 31, 2013	576,742		$	27.86	121,789		$	43.81

The fair value of shares vested during the years ended December 31, 2013, 2012 and 2011 was $2.5 million, $1.9 million and $1.1 million, respectively.

Accrued Liabilities

12 Months Ended

Dec. 31, 2013

Accrued Liabilities [Abstract]

Accrued Liabilities Disclosure [Text Block]

Accrued Liabilities

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



	December 31, 2013		December 31, 2012
	(In thousands)
Accrued payroll	$	136,645	$	99,583
Advance payment from customers	53,280		61,431
Accrued taxes and deferred tax liability - current portion	71,314		34,165
Accrued asbestos-related liability	51,142		58,501
Warranty liability - current portion	54,977		35,678
Accrued restructuring liability - current portion	12,856		25,406
Accrued third-party commissions	13,095		12,320
Other	91,952		120,136
Accrued liabilities	$	485,261	$	447,220

Accrued Restructuring Liability

The Company’s restructuring programs include a series of restructuring actions at its fluid-handling operations that began in 2009 and ongoing initiatives as a result of acquisitions, as well as efforts to reduce the structural costs and rationalize the corporate overhead of the combined businesses.

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, 2013
	Balance at Beginning of Period		Provisions		Payments			Foreign Currency Translation			Balance at End of Period⁽³⁾
	(In thousands)
Restructuring and other related charges:
Gas and Fluid Handling:
Termination benefits⁽¹⁾	$	3,060	$	9,413	$	(8,680	)	$	(155	)	$	3,638
Facility closure costs⁽²⁾	1,177		683		(1,137		)	33			756
Other related charges	—		333		(520		)	187			—
	4,237		10,429		(10,337		)	65			4,394
Fabrication Technology:
Termination benefits⁽¹⁾	14,637		22,775		(30,056		)	(323		)	7,033
Facility closure costs⁽²⁾	6,925		280		(5,736		)	(40		)	1,429
Other related charges	33		124		(432		)	275			—
	21,595		23,179		(36,224		)	(88		)	8,462
Non-cash impairment			1,894
			25,073
Corporate and Other:
Facility closure costs⁽²⁾	1,522		—		(718		)	455			1,259
	1,522		—		(718		)	455			1,259
	$	27,354	33,608		$	(47,279	)	$	432		$	14,115
Non-cash impairment			1,894
			$	35,502

⁽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.

⁽³⁾As of December 31, 2013, $12.9 million and $1.2 million of the Company’s restructuring liability was included in Accrued liabilities and

Other liabilities, respectively.



	Year Ended December 31, 2012
	Balance at Beginning of Period		Acquisitions		Provisions		Payments			Foreign Currency Translation			Balance at End of Period⁽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.

⁽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 Restructuring and other related charges of approximately $50 million during the year ending December 31, 2014 related to these restructuring activities.

Defined Benefit Plans

12 Months Ended

Dec. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

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,
	2013			2012			2013			2012
	(In thousands)
Change in benefit obligation:
Projected benefit obligation, beginning of year	$	1,665,138		$	347,911		$	35,519		$	15,397
Acquisitions	6,356			1,148,906			—			22,629
Service cost	3,985			3,381			179			110
Interest cost	63,132			67,745			1,090			1,507
Actuarial (gain) loss	(28,831		)	135,715			(6,072		)	(1,449		)
Foreign exchange effect	17,919			45,458			—			—
Benefits paid	(83,060		)	(84,333		)	(2,018		)	(2,675		)
Settlements	(4,189		)	—			—			—
Other	(32		)	355			125			—
Projected benefit obligation, end of year	$	1,640,418		$	1,665,138		$	28,823		$	35,519
Accumulated benefit obligation, end of year	$	1,617,651		$	1,641,252		$	28,823		$	33,405
Change in plan assets:
Fair value of plan assets, beginning of year	$	1,287,844		$	221,004		$	—		$	—
Acquisitions	2,787			954,919			—			—
Actual return on plan assets	100,300			100,153			—			—
Employer contribution⁽¹⁾	49,772			58,494			2,018			2,675
Foreign exchange effect	13,076			37,359			—			—
Benefits paid	(83,060		)	(84,333		)	(2,018		)	(2,675		)
Settlements	(3,565		)	—			—			—
Other	161			248			—			—
Fair value of plan assets, end of year	$	1,367,315		$	1,287,844		$	—		$	—
Funded status, end of year	$	(273,103	)	$	(377,294	)	$	(28,823	)	$	(35,519	)
Amounts recognized on the Consolidated Balance Sheet at December 31:
Non-current assets	$	38,177		$	31,826		$	—		$	—
Current liabilities	(6,048		)	(5,639		)	(2,747		)	(3,076		)
Non-current liabilities	(305,232		)	(403,481		)	(26,076		)	(32,443		)
Total	$	(273,103	)	$	(377,294	)	$	(28,823	)	$	(35,519	)

__________


⁽¹⁾	Contributions during the year ended December 31, 2013 includes the contribution of 88,200 shares of Colfax Common stock with a value on the contribution date of approximately $4.9 million. 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 $1.2 billion and $935.2 million, respectively, as of December 31, 2013 and $1.3 billion and $864.6 million, respectively, as of December 31, 2012.

The projected benefit obligation and fair value of plan assets for the pension plans with projected benefit obligations in excess of plan assets were $1.2 billion and $936.8 million, respectively, as of December 31, 2013 and $1.3 billion and $868.2 million, respectively, as of December 31, 2012.

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,
	2013			2012
	(In thousands)
Change in benefit obligation:
Projected benefit obligation, beginning of year	$	1,181,024		$	97,108
Acquisitions	3,952			957,080
Service cost	3,985			3,381
Interest cost	46,775			49,291
Actuarial loss	11,093			85,167
Foreign exchange effect	17,919			45,458
Benefits paid	(54,978		)	(56,816		)
Settlements	(4,189		)	—
Other	(27		)	355
Projected benefit obligation, end of year	$	1,205,554		$	1,181,024
Accumulated benefit obligation, end of year	$	1,182,786		$	1,157,140
Change in plan assets:
Fair value of plan assets, beginning of year	$	938,167		$	32,339
Acquisitions	651			817,258
Actual return on plan assets	62,914			58,139
Employer contribution⁽¹⁾	42,769			49,640
Foreign exchange effect	13,076			37,359
Benefits paid	(54,978		)	(56,816		)
Settlements	(3,565		)	—
Other	163			248
Fair value of plan assets, end of year	$	999,197		$	938,167
Funded status, end of year	$	(206,357	)	$	(242,857	)

__________


⁽¹⁾	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 ending December 31, 2014, related to plans as of December 31, 2013, are $71.7 million. The following benefit payments are expected to be paid during each respective fiscal year:



	Pension Benefits				Other Post-Retirement Benefits
	All Plans		Foreign Plans		Other Post-Retirement Benefits
	(In thousands)
2014	$	91,567	$	60,457	$	2,747
2015	88,857		57,878		2,558
2016	89,680		58,861		2,507
2017	92,667		62,068		2,415
2018	92,292		62,029		2,276
Thereafter	473,061		326,741		8,278

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
	2013		2012		Allocation
U.S. Plans:
Equity securities:
U.S.	41	%	36	%	30% - 45%
International	16	%	15	%	10% - 20%
Fixed income	39	%	37	%	30% - 50%
Hedge funds	3	%	11	%	0% - 20%
Cash and cash equivalents	1	%	1	%	0% - 5%
Foreign Plans:
Equity securities	30	%	37	%	10% - 50%
Fixed income securities	65	%	58	%	50% - 90%
Cash and cash equivalents	2	%	2	%	0% - 25%
Other	3	%	3	%	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, 2013
	Level One		Level Two		Level Three		Total
	(In thousands)
U.S. Plans:
Cash and cash equivalents	$	2,854	$	—	$	—	$	2,854
Equity securities:
U.S. large cap	101,702		—		—		101,702
U.S. small/mid cap	6,714		43,199		—		49,913
International	16,458		41,646		—		58,104
Fixed income mutual funds:
U.S. government and corporate	143,903		—		—		143,903
Multi-strategy hedge funds	—		—		11,642		11,642
Foreign Plans:
Cash and cash equivalents	22,421		—		—		22,421
Equity securities	266,021		38,485		—		304,506
Non-U.S. government and corporate bonds	277,565		372,191		—		649,756
Other⁽¹⁾	2,107		20,407		—		22,514
	$	839,745	$	515,928	$	11,642	$	1,367,315

__________


⁽¹⁾	Represents diversified portfolio funds and reinsurance contracts maintained for certain foreign plans.



	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.

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, 2013 or 2012. 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, 2011	$	36,342
Unrealized loss	(21		)
Balance, December 31, 2011	36,321
Realized gain	152
Unrealized gain	2,359
Balance, December 31, 2012	38,832
Sale proceeds	(28,440		)
Realized gain	338
Unrealized gain	912
Balance, December 31, 2013	$	11,642

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



	Pension Benefits									Other Post-Retirement Benefits
	Year Ended December 31,									Year Ended December 31,
	2013			2012			2011			2013			2012			2011
	(In thousands)
Components of Net Periodic Benefit Cost:
Service cost	$	3,985		$	3,381		$	1,383		$	179		$	110		$	—
Interest cost	63,132			67,745			16,408			1,090			1,507			690
Amortization	9,672			8,091			5,839			609			801			852
Settlement (gain) loss	(592		)	—			1,499			—			—			—
Other	(154		)	26			—			125			—			—
Expected return on plan assets	(58,511		)	(61,094		)	(18,101		)	—			—			—
Net periodic benefit cost	$	17,532		$	18,149		$	7,028		$	2,003		$	2,418		$	1,542
Change in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss):
Current year net actuarial (gain) loss	$	(69,463	)	$	98,784		$	37,037		$	(6,072	)	$	(1,449	)	$	1,507
Less amounts included in net periodic benefit cost:
Amortization of net loss	(9,672		)	(8,012		)	(5,839		)	(361		)	(553		)	(604		)
Settlement loss	(32		)	—			(835		)	—			—			—
Amortization of prior service cost	—			(79		)	—			(248		)	(248		)	(248		)
Total recognized in Other comprehensive income (loss)	$	(79,167	)	$	90,693		$	30,363		$	(6,681	)	$	(2,250	)	$	655

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



	Foreign Pension Benefits
	Year Ended December 31,
	2013			2012			2011
	(In thousands)
Components of Net Periodic Benefit Cost:
Service cost	$	3,985		$	3,381		$	1,383
Interest cost	46,775			49,291			5,132
Amortization	2,305			944			588
Settlement (gain) loss	(592		)	—			1,499
Other	(154		)	28			—
Expected return on plan assets	(34,541		)	(36,535		)	(1,400		)
Net periodic benefit cost	$	17,778		$	17,109		$	7,202
Change in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss):
Current year net actuarial (gain) loss	$	(16,121	)	$	65,689		$	4,101
Less amounts included in net periodic benefit cost:
Amortization of net loss	(2,305		)	(865		)	(588		)
Settlement loss	(32		)	—			(835		)
Amortization of prior service cost	—			(79		)	—
Total recognized in Other comprehensive income (loss)	$	(18,458	)	$	64,745		$	2,678

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,
	2013		2012		2013			2012
	(In thousands)
Net actuarial loss (gain)	$	196,044	$	275,211	$	(757	)	$	5,676
Prior service cost	—		—		1,055			1,303
Total	$	196,044	$	275,211	$	298		$	6,979

The components of net unrecognized pension and other post-retirement benefit cost included in Accumulated other comprehensive loss in the Consolidated Balance Sheet that are expected to be recognized as a component of net periodic benefit cost during the year ending December 31, 2014 are as follows:



	Pension Benefits		Other Post- Retirement Benefits
	(In thousands)
Net actuarial loss (gain)	$	6,859	$	(9	)
Prior service cost	—		248
Total	$	6,859	$	239

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,
	2013		2012		2013		2012
Weighted-average discount rate:
All plans	4.4	%	4.0	%	4.4	%	3.4	%
Foreign plans	4.4	%	4.2	%	—		—
Weighted-average rate of increase in compensation levels for active foreign plans	1.6	%	1.5	%	—		—

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,
	2013		2012		2011		2013		2012		2011
Weighted-average discount rate:
All plans	4.0	%	4.6	%	5.0	%	3.5	%	4.3	%	5.2	%
Foreign plans	4.2	%	4.7	%	5.1	%	—		—		—
Weighted-average expected return on plan assets:
All plans	5.1	%	5.3	%	7.7	%	—		—		—
Foreign plans	4.3	%	4.5	%	4.7	%	—		—		—
Weighted-average rate of increase in compensation levels for active foreign plans	1.5	%	1.3	%	2.6	%	—		—		—

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 11.5% was assumed. The rate was assumed to decrease gradually to 4.5% by 2027 for four of the Company’s plans and to 5.25% by 2021 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, 2013	$	151	$	(118	)
Effect on post-retirement benefit obligation at December 31, 2013	2,670		(2,167		)

The Company maintains defined contribution plans covering certain union and non-union employees. The Company’s expense for the years ended December 31, 2013, 2012 and 2011 was $21.5 million, $19.3 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.

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-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
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-Name Statement of Financial Accounting Standard (FAS)
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-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.

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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph q
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Number 132R
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-Subparagraph m
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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5, 6, 7, 8
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
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+ Details

Financial Instruments and Fair Value Measurements

12 Months Ended

Dec. 31, 2013

Financial Instruments and Fair Value Measurements [Abstract]

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

Financial Instruments and Fair Value Measurements

The company utilizes fair value measurement guidance prescribed by accounting standards to value its financial instruments. The guidance establishes a fair value hierarchy based on the inputs used to measure fair value. This hierarchy prioritizes the inputs into three broad levels as follows:

Level One: Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets.

Level Two: Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in inactive markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

Level Three: Inputs to the valuation methodology are unobservable and significant to the fair value measurement.

A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.

The carrying values of financial instruments, including Trade receivables, other receivables and Accounts payable, approximate their fair values due to their short-term maturities. The estimated fair value of the Company’s debt of $1.5 billion and $1.7 billion as of December 31, 2013 and 2012, 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 balance sheet date or that will be realized in the future.

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



	December 31, 2013
	Level One		Level Two		Level Three		Total
	(In thousands)
Assets:
Cash equivalents	$	22,032	$	—	$	—	$	22,032
Foreign currency contracts related to sales - designated as hedges	—		11,241		—		11,241
Foreign currency contracts related to sales - not designated as hedges	—		3,642		—		3,642
Foreign currency contracts related to purchases - designated as hedges	—		428		—		428
Foreign currency contracts related to purchases - not designated as hedges	—		2,543		—		2,543
Deferred compensation plans	—		2,414		—		2,414
	$	22,032	$	20,268	$	—	$	42,300

Liabilities:
Foreign currency contracts related to sales - designated as hedges	$	—	$	1,126	$	—	$	1,126
Foreign currency contracts related to sales - not designated as hedges	—		3,625		—		3,625
Foreign currency contracts related to purchases - designated as hedges	—		742		—		742
Foreign currency contracts related to purchases - not designated as hedges	—		846		—		846
Deferred compensation plans	—		2,414		—		2,414
Liability for contingent payments	—		—		6,176		6,176
	$	—	$	8,753	$	6,176	$	14,929



	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

There were no transfers in or out of Level One, Two or Three during the year ended December 31, 2013.

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 was valued based on forward curves observable in the market. 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.

As of December 31, 2013 and 2012, the Company had foreign currency contracts with the following notional values:



	December 31,
	2013		2012
	(In thousands)
Foreign currency contracts sold - not designated as hedges	$	244,755	$	301,185
Foreign currency contracts sold - designated as hedges	206,220		238,537
Foreign currency contracts purchased - not designated as hedges	273,714		121,741
Foreign currency contracts purchased - designated as hedges	46,728		37,065
Total foreign currency derivatives	$	771,417	$	698,528

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



	Year Ended December 31,
	2013			2012			2011
	(In thousands)
Contracts Designated as Hedges:
Interest Rate Swap:
Unrealized loss	$	—		$	—		$	(161	)
Realized loss	—			(471		)	(1,479		)
Foreign Currency Contracts - related to customer sales contracts:
Unrealized gain	3,801			2,120			—
Realized gain	654			2,297			—
Foreign Currency Contracts - related to supplier purchase contracts:
Unrealized gain (loss)	397			(374		)	—
Realized loss	(298		)	(475		)	—
Unrealized loss on net investment hedges	(14,261		)	(7,783		)	—
Contracts Not Designated in a Hedge Relationship:
Foreign Currency Contracts - acquisition-related:
Unrealized loss	—			—			(21,013		)
Realized loss	—			(7,177		)	—
Foreign Currency Contracts - related to customer sales contracts:
Unrealized (loss) gain	(762		)	778			(204		)
Realized gain	1,112			712			152
Foreign Currency Contracts - related to supplier purchases contracts:
Unrealized gain (loss)	1,687			(560		)	81
Realized gain (loss)	1,359			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 acquisitions of COT-Puritech in December of 2011 and Clarus in July 2013, which are subject to the achievement of certain performance goals, and are 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 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
Additions for Clarus acquisition	2,494
Interest accretion	665
Cash payment	(3,500		)
Balance, December 31, 2013	$	6,176

Commitments and Contingencies

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

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,
	2013			2012			2011
	(Number of claims)
Claims unresolved, beginning of period	23,523			25,269			26,442
Claims filed⁽²⁾	6,299			4,347			5,317
Claims resolved⁽³⁾	(7,429		)	(6,093		)	(6,490		)
Claims unresolved, end of period	22,393			23,523			25,269
	(In dollars)
Average cost of resolved claims⁽⁴⁾	$	5,979		$	6,585		$	13,119

⁽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 more recent rulings by the Delaware Superior Court concerning the subsidiary’s coverage rights, the Company currently estimates that the subsidiary’s future expected recovery percentage is 90% of asbestos-related costs with the subsidiary expected to be responsible for approximately 10% of its future asbestos-related costs. Certain coverage issues still remain to be decided, and one or more parties to the coverage action ultimately may appeal the Delaware Chancery Court’s and Superior Court’s rulings. Depending on the outcome of the remaining issues, as well as any appeal, the expected insurance recovery percentage could change.

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, but certain legal rulings and entry of a final judgment are still 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. Due to a statistically significant increase in mesothelioma and lung cancer claims and higher settlement values per claim that have occurred and are expected to continue to occur in certain jurisdictions, partially offset by lower claims and lower settlement values per claim in other jurisdictions, the Company recorded a $0.6 million pre-tax charge during year ended December 31, 2013, which was included in Selling, general and administrative expense in the Consolidated Statements of Operations. The pre-tax charge was comprised of an increase in asbestos-related liabilities of $10.8 million partially offset by an increase in expected insurance recoveries of $10.2 million.

In 2003, another 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. 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. 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 18% of all future asbestos-related costs.

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



	December 31, 2013		December 31, 2012
	(In thousands)
Current asbestos insurance asset⁽¹⁾	$	32,872	$	35,566
Current asbestos insurance receivable⁽¹⁾	41,943		36,778
Long-term asbestos insurance asset⁽²⁾	299,057		315,363
Long-term asbestos insurance receivable⁽²⁾	21,411		7,063
Accrued asbestos liability⁽³⁾	51,142		58,501
Long-term asbestos liability⁽⁴⁾	358,288		375,493

⁽¹⁾Included in Other current assets in the Consolidated Balance Sheets.

⁽²⁾Included in Other assets in the Consolidated Balance Sheets.

⁽³⁾Represents current accruals 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

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 accruals 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.

Minimum Lease Obligations

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



	December 31, 2013
	(In thousands)
2014	$	36,465
2015	23,508
2016	16,642
2017	12,742
2018	11,829
Thereafter	55,945
Total	$	157,131

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, 2013, 2012 and 2011, the Company’s net rental expense related to operating leases was $35.4 million, $39.5 million and $4.9 million, respectively.

Off-Balance Sheet Arrangements

As of December 31, 2013, the Company had $433.4 million of unconditional purchase obligations with suppliers, primarily all of which is expected to be paid by December 31, 2014.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 20
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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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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+ Details

Segment Information

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Segment Information

The Company conducts its operations through three operating segments: gas handling, fluid handling and fabrication technology. The gas-handling and fluid-handling operating segments are aggregated into a single reportable segment. A description of the Company’s reportable segments is as follows:

▪

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, which represents Operating income before Restructuring and other related charges.

The Company’s segment results were as follows:



	Year Ended December 31,
	2013			2012			2011
	(In thousands)
Net sales:
Gas and fluid handling	$	2,104,048		$	1,901,132		$	693,392
Fabrication technology	2,103,161			2,012,724			—
Total Net sales	$	4,207,209		$	3,913,856		$	693,392

Segment operating income (loss)⁽¹⁾:
Gas and fluid handling	$	270,708		$	141,524		$	86,664
Fabrication technology	219,634			140,184			—
Corporate and other	(48,448		)	(81,639		)	(51,078		)
Total segment operating income	$	441,894		$	200,069		$	35,586

Depreciation and Amortization:
Gas and fluid handling	$	62,792		$	112,389		$	22,375
Fabrication technology	55,339			69,708			—
Corporate and other	1,127			1,306			223
Total depreciation and amortization	$	119,258		$	183,403		$	22,598

Capital Expenditures:
Gas and fluid handling	$	37,995		$	42,343		$	14,420
Fabrication technology	33,437			41,146			—
Corporate and other	50			97			366
Total capital expenditures	$	71,482		$	83,586		$	14,786

^_________

⁽¹⁾The following is a reconciliation of Income before income taxes to segment operating income:



	Year Ended December 31,
	2013		2012		2011

Income before income taxes	$	302,795	$	48,439	$	19,987
Interest expense	103,597		91,570		5,919
Restructuring and other related charges	35,502		60,060		9,680
Segment operating income	$	441,894	$	200,069	$	35,586



	Year Ended December 31,
	2013		2012
	(In thousands)
Investments in Equity Method Investees:
Gas and fluid handling	$	7,097	$	11,451
Fabrication technology	43,698		44,106
	$	50,795	$	55,557

Total Assets:
Gas and fluid handling	$	4,007,806	$	3,333,817
Fabrication technology	2,526,245		2,580,273
Corporate and other	48,802		234,197
Total Assets	$	6,582,853	$	6,148,287

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



	Year Ended December 31,
	2013		2012		2011
	(In thousands)
Net Sales by Major Product:
Gas handling	$	1,440,731	$	1,242,371	$	—
Fluid handling	663,317		658,761		693,392
Welding and cutting	2,103,161		2,012,724		—
Total Net sales	$	4,207,209	$	3,913,856	$	693,392



Net Sales by Origin⁽¹⁾:
United States	$	836,636	$	789,259	$	207,459
Foreign locations	3,370,573		3,124,597		485,933
Total Net sales	$	4,207,209	$	3,913,856	$	693,392

^_________

⁽¹⁾The Company attributes revenues from external customers to individual countries based upon the country in which the sale was originated.



	Year Ended December 31,
	2013		2012
	(In thousands)
Property, Plant and Equipment, Net⁽¹⁾:
United States	$	145,972	$	127,719
China	82,771		74,855
Czech Republic	92,796		53,201
Other Foreign Locations	435,601		432,795
Property, plant and equipment, net	$	757,140	$	688,570

^_________

⁽¹⁾As the Company does not allocate all long-lived assets, specifically intangible assets, to each individual country, evaluation of long-lived

assets in total is impracticable.

- 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

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+ Details

Selected Quarterly data - (Unaudited)

12 Months Ended

Dec. 31, 2013

Selected Quarterly Financial Information [Abstract]

Quarterly Financial Information [Text Block]

Selected Quarterly Data—(unaudited)

Provided below is selected unaudited quarterly financial data for the years ended December 31, 2013 and 2012.



	Quarter Ended
	March 29, 2013		June 28, 2013		September 27, 2013		December 31, 2013⁽²⁾
	(In thousands, except per share data)
Net sales	$	947,143	$	1,074,118	$	1,014,570	$	1,171,378
Gross profit	290,725		337,822		320,294		357,381
Net income	32,275		67,200		65,475		44,193
Net income attributable to Colfax Corporation common shareholders	22,553		53,306		50,389		31,984
Net income per share – basic	$	0.21	$	0.53	$	0.49	$	0.31
Net income per share – diluted	$	0.21	$	0.52	$	0.48	$	0.31



	Quarter Ended
	March 30, 2012⁽¹⁾			June 29, 2012⁽¹⁾		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⁾

Net income and Net income per share for the three months ended December 31, 2013 includes a $13.8 million gain to remeasure the Company’s equity investment in Sicelub to fair value upon increasing the Company’s ownership to 100%, which was included in Selling, general and administrative expense. See Note 4, “Acquisitions” for additional information regarding the Company’s acquisition of Sicelub. Additionally, during the three months ended December 31, 2013, the Company incurred $26.8 million to write-off certain deferred financing fees and original issue discount associated with the Third Amendment to the Deutsche Bank Credit Agreement. See Note 10, “Debt” for additional information regarding the Third Amendment to the Deutsche Bank Credit Agreement.

- 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 Schedule II - Valuation and Qualifying Accounts (Notes)

12 Months Ended

Dec. 31, 2013

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]



	Balance at Beginning of Period		Charged to Cost and Expense ⁽¹⁾		Charged to Other Accounts ⁽²⁾			Write-Offs Write-Downs and Deductions			Acquisitions and Other⁽³⁾		Foreign Currency Translation			Balance at End of Period
	(In thousands)
Year Ended December 31, 2013:
Allowance for doubtful accounts	$	16,464	$	12,707	$	—		$	—		$	2,753	$	(642	)	$	31,282
Allowance for excess slow-moving and obsolete inventory	9,221		21,629		—			(2,026		)	4,207		(258		)	32,773
Valuation allowance for deferred tax assets	357,638		30,554		(27,233		)	(3,373		)	2,401		(1,601		)	358,386
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			—			153,322		—			357,638
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

^____________

⁽¹⁾Amounts charged to expense are net of recoveries for the respective period.

⁽²⁾Represents amount charge to Accumulated other comprehensive loss.

⁽³⁾ Includes reclassifications related to the Charter Acquisition. The valuation allowance for deferred tax assets during the year ended December 31, 2012 reflects the impact of retrospective adjustments recorded during the year ended December 31, 2013. See Note 4, "Acquisitions" for further discussion.

Summary of Significant Accounting Policies Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2013

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

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 [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 Receivables, Policy [Policy Text Block]

Trade Receivables

Inventories, Policy [Policy Text Block]

Inventories

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

Property, Plant and Equipment

Impairment of Goodwill and Indefinite-Lived 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 impairment analyses performed as of September 29, 2012 and October 1, 2011 indicated no impairment to be present.

Impairment of Long-Lived Assets Other than Goodwill and Indefinite-Lived Intangible Assets, Policy [Policy Text Block]

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

Derivatives, Policy [Policy Text Block]

Derivatives

The Company does not enter into derivative contracts for trading purposes.

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

Self Insurance, Policy [Policy Text Block]

Self-Insurance



	December 31,
	2013		2012
	(In thousands)
Medical insurance	$	2,846	$	383
Workers’ compensation	1,616		1,868
Total self-insurance accruals	$	4,462	$	2,251

Warranty Costs, Policy [Policy Text Block]

Warranty Costs

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



	Year Ended December 31,
	2013			2012
	(In thousands)
Warranty liability, beginning of period	$	40,437		$	2,987
Accrued warranty expense	25,013			10,468
Changes in estimates related to pre-existing warranties	(638		)	9
Cost of warranty service work performed	(21,082		)	(23,457		)
Acquisitions	18,569			51,367
Foreign exchange translation effect	(827		)	(937		)
Warranty liability, end of period	$	61,472		$	40,437

Income Taxes, Policy [Policy Text Block]

Income Taxes

Foreign Currency Exchange Gains and Losses, Policy [Policy Text Block]

Foreign Currency Exchange Gains and Losses

Debt Issuance Costs and Debt Discount, Policy [Policy Text Block]

Debt Issuance Costs and Debt Discount

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

Reclassifications, Policy [Policy Text Block]

Reclassifications

Certain prior period amounts have been reclassified to conform to current year presentations.

Summary of Significant Accounting Policies Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Schedule Of Self-Insurance [Table Text Block]



	December 31,
	2013		2012
	(In thousands)
Medical insurance	$	2,846	$	383
Workers’ compensation	1,616		1,868
Total self-insurance accruals	$	4,462	$	2,251

Schedule of Product Warranty Liability [Table Text Block]

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



	Year Ended December 31,
	2013			2012
	(In thousands)
Warranty liability, beginning of period	$	40,437		$	2,987
Accrued warranty expense	25,013			10,468
Changes in estimates related to pre-existing warranties	(638		)	9
Cost of warranty service work performed	(21,082		)	(23,457		)
Acquisitions	18,569			51,367
Foreign exchange translation effect	(827		)	(937		)
Warranty liability, end of period	$	61,472		$	40,437

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Acquisitions [Abstract]

Schedule of Purchase Price Allocation [Table Text Block]



	2013			2012			2011
	(In thousands)
Trade receivables	$	80,258		$	714,486		$	12,970
Inventories	53,551			487,835			11,668
Property, plant and equipment	94,258			595,961			3,069
Goodwill	258,901			1,793,394			35,285
Intangible assets	104,272			794,333			20,796
Accounts payable	(68,308		)	(391,131		)	(9,852		)
Debt	(10,942		)	(437,564		)	—
Other assets and liabilities, net	(87,188		)	(746,719		)	(12,236		)
	424,802			2,810,595			61,700
Less: net assets attributable to noncontrolling interest	—			(259,329		)	—
Consideration, net of cash acquired	$	424,802		$	2,551,266		$	61,700

Schedule of Purchase Price Allocation by Significant Acquisition [Table Text Block]



	Charter			Soldex			Other			Total 2012
	(In thousands)
Trade receivables	$	683,976		$	22,848		$	7,662		$	714,486
Inventories	449,906			32,985			4,944			487,835
Property, plant and equipment	562,129			28,921			4,911			595,961
Goodwill	1,649,159			116,696			27,539			1,793,394
Intangible assets	715,643			65,325			13,365			794,333
Accounts payable	(378,114		)	(6,682		)	(6,335		)	(391,131		)
Debt	(399,466		)	(36,734		)	(1,364		)	(437,564		)
Other assets and liabilities, net	(706,052		)	(33,654		)	(7,013		)	(746,719		)
	2,577,181			189,705			43,709			2,810,595
Less: net assets attributable to noncontrolling interest	(241,201		)	(18,128		)	—			(259,329		)
Consideration, net of cash acquired	$	2,335,980		$	171,577		$	43,709		$	2,551,266

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		)

__________

- 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 Income (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2013

Earnings Per Share [Abstract]

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

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



	Year Ended December 31,
	2013			2012			2011
	(In thousands, except share data)
Computation of Net income (loss) per share - basic:
Net income (loss) available to Colfax Corporation common shareholders	$	158,232		$	(83,353	)	$	4,555
Less: net income attributable to participating securities⁽¹⁾	(3,740		)	—			—
	$	154,492		$	(83,353	)	$	4,555
Weighted-average shares of Common stock outstanding - basic	99,198,570			91,069,640			43,634,937
Net income (loss) per share - basic	$	1.56		$	(0.92	)	$	0.10
Computation of Net income (loss) per share - diluted:
Net income (loss) available to Colfax Corporation common shareholders	$	158,232		$	(83,353	)	$	4,555
Less: net income attributable to participating securities⁽¹⁾⁽²⁾	(3,740		)	—			—
	$	154,492		$	(83,353	)	$	4,555
Weighted-average shares of Common stock outstanding - basic	99,198,570			91,069,640			43,634,937
Net effect of potentially dilutive securities - stock options and restricted stock units	1,167,885			—			633,173
Weighted-average shares of Common stock outstanding - diluted	100,366,455			91,069,640			44,268,110
Net income (loss) per share - diluted	$	1.54		$	(0.92	)	$	0.10

⁽¹⁾Net income (loss) per share was calculated consistent with the two-class method in accordance with GAAP from January 13, 2012 through April 23, 2013, as further discussed below.

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Taxes [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,
	2013			2012			2011
	(In thousands)
(Loss) income before income taxes:
Domestic operations	$	(7,899	)	$	(73,467	)	$	(27,645	)
Foreign operations	310,694			121,906			47,632
	$	302,795		$	48,439		$	19,987
(Benefit from) provision for income taxes:
Current:
Federal	$	(464	)	$	—		$	182
State	871			362			(94		)
Foreign	83,299			83,119			17,066
	83,706			83,481			17,154
Deferred:
Domestic operations	11,603			50,340			—
Foreign operations	(1,657		)	(43,118		)	(1,722		)
	9,946			7,222			(1,722		)
	$	93,652		$	90,703		$	15,432

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,
	2013			2012			2011
	(In thousands)
Taxes calculated at the U.S. federal statutory rate	$	105,978		$	16,954		$	6,995
State taxes	871			362			(421		)
Effect of international tax rates	(42,972		)	(24,070		)	(2,988		)
Change in enacted international tax rates	(5,217		)	(12,305		)	—
Changes in valuation allowance and tax reserves	30,554			106,802			11,177
Other	4,438			2,960			669
Provision for income taxes	$	93,652		$	90,703		$	15,432

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

Significant components of the deferred tax assets and liabilities are as follows:



	December 31,
	2013			2012
	(In thousands)
Deferred tax assets:
Post-retirement benefit obligation	$	87,305		$	126,106
Expenses currently not deductible	152,539			133,078
Net operating loss carryover	264,893			256,076
Tax credit carryover	15,518			15,378
Depreciation and amortization	4,323			17,010
Other	7,202			3,556
Valuation allowance	(358,386		)	(357,638		)
Deferred tax assets, net	$	173,394		$	193,566
Deferred tax liabilities:
Depreciation and amortization	$	(263,996	)	$	(286,173	)
Post-retirement benefit obligation	(17,844		)	(4,843		)
Inventory	(12,558		)	(12,227		)
Other	(59,205		)	(43,456		)
Total deferred tax liabilities	$	(353,603	)	$	(346,699	)
Total deferred tax liabilities, net	$	(180,209	)	$	(153,133	)

Summary of Income Tax Contingencies [Table Text Block]

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, 2011	$	4,077
Acquisitions	74,316
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	85,723
Acquisitions	—
Addition for tax positions taken in prior periods	6,988
Addition for tax positions taken in the current period	7,730
Reduction for tax positions taken in prior periods	(31,156		)
Other, including the impact of foreign currency translation	(373		)
Balance, December 31, 2013	$	68,912

- 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 & Intangibles (Tables)

12 Months Ended

Dec. 31, 2013

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, 2013 and 2012:



	Gas and Fluid Handling		Fabrication Technology		Total
	(In thousands)
Balance, January 1, 2012	$	204,844	$	—	$	204,844
Goodwill attributable to Charter Acquisition	941,178		707,981		1,649,159
Goodwill attributable to Soldex Acquisition	—		116,696		116,696
Goodwill attributable to other acquisitions	21,840		5,699		27,539
Impact of foreign currency translation and other	57,632		42,966		100,598
Balance, December 31, 2012	1,225,494		873,342		2,098,836
Goodwill attributable to acquisitions	258,901		—		258,901
Impact of foreign currency translation and other	22,629		4,156		26,785
Balance, December 31, 2013	$	1,507,024	$	877,498	$	2,384,522

Schedule Of Intangible Assets [Table Text Block]

The following table summarizes the Intangible assets, excluding Goodwill:



	December 31,
	2013					2012
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
	(In thousands)
Trade names – indefinite life	$	412,341	$	—		$	401,123	$	—
Acquired customer relationships	353,337		(51,675		)	300,253		(24,763		)
Acquired technology	114,647		(22,757		)	107,018		(12,466		)
Acquired backlog	73,476		(65,919		)	63,984		(62,432		)
Other intangible assets	26,061		(6,958		)	12,352		(6,020		)
	$	979,862	$	(147,309	)	$	884,730	$	(105,681	)

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,
	2013		2012		2011
	(In thousands)
Selling, general and administrative expense	$	41,172	$	85,106	$	7,821

- 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, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]



		December 31,
	Depreciable Life	2013			2012
	(In years)	(In thousands)
Land	n/a	$	48,353		$	40,319
Buildings and improvements	5-40	372,197			314,216
Machinery and equipment	3-15	504,184			440,975
Software	3-5	88,463			70,092
		1,013,197			865,602
Accumulated depreciation		(256,057		)	(177,032		)
Property, plant and equipment, net		$	757,140		$	688,570

Inventories, Net (Tables)

12 Months Ended

Dec. 31, 2013

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventories, net consisted of the following:



	December 31,
	2013			2012
	(In thousands)
Raw materials	$	145,689		$	154,771
Work in process	112,722			99,459
Finished goods	224,192			263,211
	482,603			517,441
Less: customer progress payments	(4,078		)	(14,571		)
Less: allowance for excess, slow-moving and obsolete inventory	(32,773		)	(9,221		)
Inventories, net	$	445,752		$	493,649

Debt (Tables)

12 Months Ended

Dec. 31, 2013

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

Long-term debt consisted of the following:



	December 31,
	2013			2012
	(In thousands)
Term loans	$	1,115,238		$	1,682,177
Revolving credit facilities and other	371,853			46,134
Total Debt	1,487,091			1,728,311
Less: current portion	(29,449		)	(34,799		)
Long-term debt	$	1,457,642		$	1,693,512

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

The contractual maturities of the Company’s debt as of December 31, 2013 are as follows⁽¹⁾:



	(In thousands)
2014	$	29,449
2015	90,551
2016	189,638
2017	344,119
2018	851,006
Total contractual maturities	1,504,763
Debt discount	(17,672		)
Total debt	$	1,487,091

________

Equity (Tables)

12 Months Ended

Dec. 31, 2013

Equity [Abstract]

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



	Accumulated Other Comprehensive Loss Components
	Net Unrecognized Pension And Other Post-Retirement Benefit Cost			Foreign Currency Translation Adjustment			Unrealized Loss On Hedging Activities			Total
	(In thousands)

Beginning balance	$	(247,332	)	$	104,718		$	(3,980	)	$	(146,594	)
Acquisition of shares held by noncontrolling interest	—			(381		)	—			(381		)
Other comprehensive income (loss) before reclassifications:
Net actuarial gain	77,515			—			—			77,515
Foreign currency translation adjustment	—			21,083			—			21,083
Gain on long-term intra-entity foreign currency transactions	—			2,176			—			2,176
Loss on net investment hedges	—			—			(14,261		)	(14,261		)
Unrealized gain on cash flow hedges	—			—			3,832			3,832
Other comprehensive income (loss) before reclassifications	77,515			23,259			(10,429		)	90,345
Amounts reclassified from Accumulated other comprehensive loss	10,022			—			—			10,022
Net current period Other comprehensive income (loss)	87,537			23,259			(10,429		)	100,367
Ending balance	$	(159,795	)	$	127,596		$	(14,409	)	$	(46,608	)

Amounts reclassified from Accumulated other comprehensive loss [Table Text Block]

The effect on Net income of amounts reclassified out of each component of Accumulated other comprehensive loss for the year ended December 31, 2013 is as follows:



	Year Ended December 31, 2013
	Amounts Reclassified From Accumulated Other Comprehensive Loss		Tax Benefit			Total
	(In thousands)

Pension and other post-retirement benefit cost:
Amortization of net loss⁽¹⁾	$	10,489	$	(715	)	$	9,774
Amortization of prior service cost⁽¹⁾	248		—			248
	$	10,737	$	(715	)	$	10,022

⁽¹⁾Included in the computation of net periodic benefit cost. See Note 13, “Defined Benefit Plans” for additional details.

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,
	2013		2012		2011
	(In thousands)
Stock-based compensation expense	$	13,334	$	9,373	$	4,908
Deferred tax benefit	434		305		1,719

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



	Year Ended December 31,
	2013			2012			2011
Expected period that options will be outstanding (in years)	4.90			5.41			4.50
Interest rate (based on U.S. Treasury yields at the time of grant)	1.06		%	0.99		%	2.10		%
Volatility	43.22		%	42.59		%	52.50		%
Dividend yield	—			—			—
Weighted-average fair value of options granted	$	18.07		$	13.14		$	9.68

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, 2013	2,210,116		$	25.35
Granted	551,480		46.99
Exercised	(244,519	)	15.11
Forfeited	(81,446	)	34.66
Expired	(3,841	)	21.15
Outstanding at December 31, 2013	2,431,790		$	30.98	4.94	$	79,528
Vested or expected to vest at December 31, 2013	2,378,775		$	30.77	4.92	$	78,305
Exercisable at December 31, 2013	797,724		$	18.92	3.63	$	35,717

__________


⁽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.

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, 2013	560,951		$	24.40	54,876		$	26.23
Granted	81,549		45.20		105,778		46.78
Vested	(15,507	)	18.13		(35,761	)	25.85
Forfeited	(50,251	)	20.35		(3,104	)	41.06
Nonvested at December 31, 2013	576,742		$	27.86	121,789		$	43.81

Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Accrued Liabilities [Table Text Block]

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



	December 31, 2013		December 31, 2012
	(In thousands)
Accrued payroll	$	136,645	$	99,583
Advance payment from customers	53,280		61,431
Accrued taxes and deferred tax liability - current portion	71,314		34,165
Accrued asbestos-related liability	51,142		58,501
Warranty liability - current portion	54,977		35,678
Accrued restructuring liability - current portion	12,856		25,406
Accrued third-party commissions	13,095		12,320
Other	91,952		120,136
Accrued liabilities	$	485,261	$	447,220

ScheduleOfRestructuringReserveByTypeOfCostTextBlock

Accrued Restructuring Liability

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, 2013
	Balance at Beginning of Period		Provisions		Payments			Foreign Currency Translation			Balance at End of Period⁽³⁾
	(In thousands)
Restructuring and other related charges:
Gas and Fluid Handling:
Termination benefits⁽¹⁾	$	3,060	$	9,413	$	(8,680	)	$	(155	)	$	3,638
Facility closure costs⁽²⁾	1,177		683		(1,137		)	33			756
Other related charges	—		333		(520		)	187			—
	4,237		10,429		(10,337		)	65			4,394
Fabrication Technology:
Termination benefits⁽¹⁾	14,637		22,775		(30,056		)	(323		)	7,033
Facility closure costs⁽²⁾	6,925		280		(5,736		)	(40		)	1,429
Other related charges	33		124		(432		)	275			—
	21,595		23,179		(36,224		)	(88		)	8,462
Non-cash impairment			1,894
			25,073
Corporate and Other:
Facility closure costs⁽²⁾	1,522		—		(718		)	455			1,259
	1,522		—		(718		)	455			1,259
	$	27,354	33,608		$	(47,279	)	$	432		$	14,115
Non-cash impairment			1,894
			$	35,502

⁽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.

⁽³⁾As of December 31, 2013, $12.9 million and $1.2 million of the Company’s restructuring liability was included in Accrued liabilities and

Other liabilities, respectively.

Schedule of Restructuring Reserve by Type of Cost 2012



	Year Ended December 31, 2012
	Balance at Beginning of Period		Acquisitions		Provisions		Payments			Foreign Currency Translation			Balance at End of Period⁽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.

⁽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.

Defined Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2013

Compensation and Retirement Disclosure [Abstract]

Schedule of Changes in Projected Benefit Obligations [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,
	2013			2012			2013			2012
	(In thousands)
Change in benefit obligation:
Projected benefit obligation, beginning of year	$	1,665,138		$	347,911		$	35,519		$	15,397
Acquisitions	6,356			1,148,906			—			22,629
Service cost	3,985			3,381			179			110
Interest cost	63,132			67,745			1,090			1,507
Actuarial (gain) loss	(28,831		)	135,715			(6,072		)	(1,449		)
Foreign exchange effect	17,919			45,458			—			—
Benefits paid	(83,060		)	(84,333		)	(2,018		)	(2,675		)
Settlements	(4,189		)	—			—			—
Other	(32		)	355			125			—
Projected benefit obligation, end of year	$	1,640,418		$	1,665,138		$	28,823		$	35,519
Accumulated benefit obligation, end of year	$	1,617,651		$	1,641,252		$	28,823		$	33,405
Change in plan assets:
Fair value of plan assets, beginning of year	$	1,287,844		$	221,004		$	—		$	—
Acquisitions	2,787			954,919			—			—
Actual return on plan assets	100,300			100,153			—			—
Employer contribution⁽¹⁾	49,772			58,494			2,018			2,675
Foreign exchange effect	13,076			37,359			—			—
Benefits paid	(83,060		)	(84,333		)	(2,018		)	(2,675		)
Settlements	(3,565		)	—			—			—
Other	161			248			—			—
Fair value of plan assets, end of year	$	1,367,315		$	1,287,844		$	—		$	—
Funded status, end of year	$	(273,103	)	$	(377,294	)	$	(28,823	)	$	(35,519	)
Amounts recognized on the Consolidated Balance Sheet at December 31:
Non-current assets	$	38,177		$	31,826		$	—		$	—
Current liabilities	(6,048		)	(5,639		)	(2,747		)	(3,076		)
Non-current liabilities	(305,232		)	(403,481		)	(26,076		)	(32,443		)
Total	$	(273,103	)	$	(377,294	)	$	(28,823	)	$	(35,519	)

__________


⁽¹⁾	Contributions during the year ended December 31, 2013 includes the contribution of 88,200 shares of Colfax Common stock with a value on the contribution date of approximately $4.9 million. 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.



	Foreign Pension Benefits
	Year Ended December 31,
	2013			2012
	(In thousands)
Change in benefit obligation:
Projected benefit obligation, beginning of year	$	1,181,024		$	97,108
Acquisitions	3,952			957,080
Service cost	3,985			3,381
Interest cost	46,775			49,291
Actuarial loss	11,093			85,167
Foreign exchange effect	17,919			45,458
Benefits paid	(54,978		)	(56,816		)
Settlements	(4,189		)	—
Other	(27		)	355
Projected benefit obligation, end of year	$	1,205,554		$	1,181,024
Accumulated benefit obligation, end of year	$	1,182,786		$	1,157,140
Change in plan assets:
Fair value of plan assets, beginning of year	$	938,167		$	32,339
Acquisitions	651			817,258
Actual return on plan assets	62,914			58,139
Employer contribution⁽¹⁾	42,769			49,640
Foreign exchange effect	13,076			37,359
Benefits paid	(54,978		)	(56,816		)
Settlements	(3,565		)	—
Other	163			248
Fair value of plan assets, end of year	$	999,197		$	938,167
Funded status, end of year	$	(206,357	)	$	(242,857	)

__________


⁽¹⁾	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.

Schedule of Expected Benefit Payments [Table Text Block]



	Pension Benefits				Other Post-Retirement Benefits
	All Plans		Foreign Plans		Other Post-Retirement Benefits
	(In thousands)
2014	$	91,567	$	60,457	$	2,747
2015	88,857		57,878		2,558
2016	89,680		58,861		2,507
2017	92,667		62,068		2,415
2018	92,292		62,029		2,276
Thereafter	473,061		326,741		8,278

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
	2013		2012		Allocation
U.S. Plans:
Equity securities:
U.S.	41	%	36	%	30% - 45%
International	16	%	15	%	10% - 20%
Fixed income	39	%	37	%	30% - 50%
Hedge funds	3	%	11	%	0% - 20%
Cash and cash equivalents	1	%	1	%	0% - 5%
Foreign Plans:
Equity securities	30	%	37	%	10% - 50%
Fixed income securities	65	%	58	%	50% - 90%
Cash and cash equivalents	2	%	2	%	0% - 25%
Other	3	%	3	%	0% - 5%



	December 31, 2013
	Level One		Level Two		Level Three		Total
	(In thousands)
U.S. Plans:
Cash and cash equivalents	$	2,854	$	—	$	—	$	2,854
Equity securities:
U.S. large cap	101,702		—		—		101,702
U.S. small/mid cap	6,714		43,199		—		49,913
International	16,458		41,646		—		58,104
Fixed income mutual funds:
U.S. government and corporate	143,903		—		—		143,903
Multi-strategy hedge funds	—		—		11,642		11,642
Foreign Plans:
Cash and cash equivalents	22,421		—		—		22,421
Equity securities	266,021		38,485		—		304,506
Non-U.S. government and corporate bonds	277,565		372,191		—		649,756
Other⁽¹⁾	2,107		20,407		—		22,514
	$	839,745	$	515,928	$	11,642	$	1,367,315

__________


⁽¹⁾	Represents diversified portfolio funds and reinsurance contracts maintained for certain foreign plans.



	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.

Schedule of Level Three Defined Benefit Plan Assets Roll Forward [Table Text Block]



	(In thousands)
Balance, January 1, 2011	$	36,342
Unrealized loss	(21		)
Balance, December 31, 2011	36,321
Realized gain	152
Unrealized gain	2,359
Balance, December 31, 2012	38,832
Sale proceeds	(28,440		)
Realized gain	338
Unrealized gain	912
Balance, December 31, 2013	$	11,642

Schedule of Net Benefit Costs [Table Text Block]



	Pension Benefits									Other Post-Retirement Benefits
	Year Ended December 31,									Year Ended December 31,
	2013			2012			2011			2013			2012			2011
	(In thousands)
Components of Net Periodic Benefit Cost:
Service cost	$	3,985		$	3,381		$	1,383		$	179		$	110		$	—
Interest cost	63,132			67,745			16,408			1,090			1,507			690
Amortization	9,672			8,091			5,839			609			801			852
Settlement (gain) loss	(592		)	—			1,499			—			—			—
Other	(154		)	26			—			125			—			—
Expected return on plan assets	(58,511		)	(61,094		)	(18,101		)	—			—			—
Net periodic benefit cost	$	17,532		$	18,149		$	7,028		$	2,003		$	2,418		$	1,542
Change in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss):
Current year net actuarial (gain) loss	$	(69,463	)	$	98,784		$	37,037		$	(6,072	)	$	(1,449	)	$	1,507
Less amounts included in net periodic benefit cost:
Amortization of net loss	(9,672		)	(8,012		)	(5,839		)	(361		)	(553		)	(604		)
Settlement loss	(32		)	—			(835		)	—			—			—
Amortization of prior service cost	—			(79		)	—			(248		)	(248		)	(248		)
Total recognized in Other comprehensive income (loss)	$	(79,167	)	$	90,693		$	30,363		$	(6,681	)	$	(2,250	)	$	655

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



	Foreign Pension Benefits
	Year Ended December 31,
	2013			2012			2011
	(In thousands)
Components of Net Periodic Benefit Cost:
Service cost	$	3,985		$	3,381		$	1,383
Interest cost	46,775			49,291			5,132
Amortization	2,305			944			588
Settlement (gain) loss	(592		)	—			1,499
Other	(154		)	28			—
Expected return on plan assets	(34,541		)	(36,535		)	(1,400		)
Net periodic benefit cost	$	17,778		$	17,109		$	7,202
Change in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income (Loss):
Current year net actuarial (gain) loss	$	(16,121	)	$	65,689		$	4,101
Less amounts included in net periodic benefit cost:
Amortization of net loss	(2,305		)	(865		)	(588		)
Settlement loss	(32		)	—			(835		)
Amortization of prior service cost	—			(79		)	—
Total recognized in Other comprehensive income (loss)	$	(18,458	)	$	64,745		$	2,678

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



	Pension Benefits				Other Post-Retirement Benefits
	December 31,				December 31,
	2013		2012		2013			2012
	(In thousands)
Net actuarial loss (gain)	$	196,044	$	275,211	$	(757	)	$	5,676
Prior service cost	—		—		1,055			1,303
Total	$	196,044	$	275,211	$	298		$	6,979



	Pension Benefits		Other Post- Retirement Benefits
	(In thousands)
Net actuarial loss (gain)	$	6,859	$	(9	)
Prior service cost	—		248
Total	$	6,859	$	239

Schedule of Assumptions Used [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,
	2013		2012		2013		2012
Weighted-average discount rate:
All plans	4.4	%	4.0	%	4.4	%	3.4	%
Foreign plans	4.4	%	4.2	%	—		—
Weighted-average rate of increase in compensation levels for active foreign plans	1.6	%	1.5	%	—		—

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,
	2013		2012		2011		2013		2012		2011
Weighted-average discount rate:
All plans	4.0	%	4.6	%	5.0	%	3.5	%	4.3	%	5.2	%
Foreign plans	4.2	%	4.7	%	5.1	%	—		—		—
Weighted-average expected return on plan assets:
All plans	5.1	%	5.3	%	7.7	%	—		—		—
Foreign plans	4.3	%	4.5	%	4.7	%	—		—		—
Weighted-average rate of increase in compensation levels for active foreign plans	1.5	%	1.3	%	2.6	%	—		—		—

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



	1% Increase		1% Decrease
	(in thousands)
Effect on total service and interest cost components for the year ended December 31, 2013	$	151	$	(118	)
Effect on post-retirement benefit obligation at December 31, 2013	2,670		(2,167		)

Financial Instruments and Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2013

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 for each fair value hierarchy level for the periods presented is as follows:



	December 31, 2013
	Level One		Level Two		Level Three		Total
	(In thousands)
Assets:
Cash equivalents	$	22,032	$	—	$	—	$	22,032
Foreign currency contracts related to sales - designated as hedges	—		11,241		—		11,241
Foreign currency contracts related to sales - not designated as hedges	—		3,642		—		3,642
Foreign currency contracts related to purchases - designated as hedges	—		428		—		428
Foreign currency contracts related to purchases - not designated as hedges	—		2,543		—		2,543
Deferred compensation plans	—		2,414		—		2,414
	$	22,032	$	20,268	$	—	$	42,300

Liabilities:
Foreign currency contracts related to sales - designated as hedges	$	—	$	1,126	$	—	$	1,126
Foreign currency contracts related to sales - not designated as hedges	—		3,625		—		3,625
Foreign currency contracts related to purchases - designated as hedges	—		742		—		742
Foreign currency contracts related to purchases - not designated as hedges	—		846		—		846
Deferred compensation plans	—		2,414		—		2,414
Liability for contingent payments	—		—		6,176		6,176
	$	—	$	8,753	$	6,176	$	14,929



	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

Schedule of Foreign Exchange Contracts, Notional Values

As of December 31, 2013 and 2012, the Company had foreign currency contracts with the following notional values:



	December 31,
	2013		2012
	(In thousands)
Foreign currency contracts sold - not designated as hedges	$	244,755	$	301,185
Foreign currency contracts sold - designated as hedges	206,220		238,537
Foreign currency contracts purchased - not designated as hedges	273,714		121,741
Foreign currency contracts purchased - designated as hedges	46,728		37,065
Total foreign currency derivatives	$	771,417	$	698,528

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,
	2013			2012			2011
	(In thousands)
Contracts Designated as Hedges:
Interest Rate Swap:
Unrealized loss	$	—		$	—		$	(161	)
Realized loss	—			(471		)	(1,479		)
Foreign Currency Contracts - related to customer sales contracts:
Unrealized gain	3,801			2,120			—
Realized gain	654			2,297			—
Foreign Currency Contracts - related to supplier purchase contracts:
Unrealized gain (loss)	397			(374		)	—
Realized loss	(298		)	(475		)	—
Unrealized loss on net investment hedges	(14,261		)	(7,783		)	—
Contracts Not Designated in a Hedge Relationship:
Foreign Currency Contracts - acquisition-related:
Unrealized loss	—			—			(21,013		)
Realized loss	—			(7,177		)	—
Foreign Currency Contracts - related to customer sales contracts:
Unrealized (loss) gain	(762		)	778			(204		)
Realized gain	1,112			712			152
Foreign Currency Contracts - related to supplier purchases contracts:
Unrealized gain (loss)	1,687			(560		)	81
Realized gain (loss)	1,359			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 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
Additions for Clarus acquisition	2,494
Interest accretion	665
Cash payment	(3,500		)
Balance, December 31, 2013	$	6,176

- 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, 2013

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,
	2013			2012			2011
	(Number of claims)
Claims unresolved, beginning of period	23,523			25,269			26,442
Claims filed⁽²⁾	6,299			4,347			5,317
Claims resolved⁽³⁾	(7,429		)	(6,093		)	(6,490		)
Claims unresolved, end of period	22,393			23,523			25,269
	(In dollars)
Average cost of resolved claims⁽⁴⁾	$	5,979		$	6,585		$	13,119

⁽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.

Schedule Of Asbestos Related Litigation [Table Text Block]

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



	December 31, 2013		December 31, 2012
	(In thousands)
Current asbestos insurance asset⁽¹⁾	$	32,872	$	35,566
Current asbestos insurance receivable⁽¹⁾	41,943		36,778
Long-term asbestos insurance asset⁽²⁾	299,057		315,363
Long-term asbestos insurance receivable⁽²⁾	21,411		7,063
Accrued asbestos liability⁽³⁾	51,142		58,501
Long-term asbestos liability⁽⁴⁾	358,288		375,493

⁽¹⁾Included in Other current assets in the Consolidated Balance Sheets.

⁽²⁾Included in Other assets in the Consolidated Balance Sheets.

⁽³⁾Represents current accruals 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.

Operating Leases of Lessee Disclosure [Table Text Block]

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



	December 31, 2013
	(In thousands)
2014	$	36,465
2015	23,508
2016	16,642
2017	12,742
2018	11,829
Thereafter	55,945
Total	$	157,131

- 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, 2013

Segment Reporting Information [Line Items]

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

The Company’s segment results were as follows:



	Year Ended December 31,
	2013			2012			2011
	(In thousands)
Net sales:
Gas and fluid handling	$	2,104,048		$	1,901,132		$	693,392
Fabrication technology	2,103,161			2,012,724			—
Total Net sales	$	4,207,209		$	3,913,856		$	693,392

Segment operating income (loss)⁽¹⁾:
Gas and fluid handling	$	270,708		$	141,524		$	86,664
Fabrication technology	219,634			140,184			—
Corporate and other	(48,448		)	(81,639		)	(51,078		)
Total segment operating income	$	441,894		$	200,069		$	35,586

Depreciation and Amortization:
Gas and fluid handling	$	62,792		$	112,389		$	22,375
Fabrication technology	55,339			69,708			—
Corporate and other	1,127			1,306			223
Total depreciation and amortization	$	119,258		$	183,403		$	22,598

Capital Expenditures:
Gas and fluid handling	$	37,995		$	42,343		$	14,420
Fabrication technology	33,437			41,146			—
Corporate and other	50			97			366
Total capital expenditures	$	71,482		$	83,586		$	14,786

^_________

⁽¹⁾The following is a reconciliation of Income before income taxes to segment operating income:



	Year Ended December 31,
	2013		2012		2011

Income before income taxes	$	302,795	$	48,439	$	19,987
Interest expense	103,597		91,570		5,919
Restructuring and other related charges	35,502		60,060		9,680
Segment operating income	$	441,894	$	200,069	$	35,586



	Year Ended December 31,
	2013		2012
	(In thousands)
Investments in Equity Method Investees:
Gas and fluid handling	$	7,097	$	11,451
Fabrication technology	43,698		44,106
	$	50,795	$	55,557

Total Assets:
Gas and fluid handling	$	4,007,806	$	3,333,817
Fabrication technology	2,526,245		2,580,273
Corporate and other	48,802		234,197
Total Assets	$	6,582,853	$	6,148,287

Revenue from External Customers by Products and Services [Table Text Block]



	Year Ended December 31,
	2013		2012		2011
	(In thousands)
Net Sales by Major Product:
Gas handling	$	1,440,731	$	1,242,371	$	—
Fluid handling	663,317		658,761		693,392
Welding and cutting	2,103,161		2,012,724		—
Total Net sales	$	4,207,209	$	3,913,856	$	693,392

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]



Net Sales by Origin⁽¹⁾:
United States	$	836,636	$	789,259	$	207,459
Foreign locations	3,370,573		3,124,597		485,933
Total Net sales	$	4,207,209	$	3,913,856	$	693,392

^_________

⁽¹⁾The Company attributes revenues from external customers to individual countries based upon the country in which the sale was originated.



	Year Ended December 31,
	2013		2012
	(In thousands)
Property, Plant and Equipment, Net⁽¹⁾:
United States	$	145,972	$	127,719
China	82,771		74,855
Czech Republic	92,796		53,201
Other Foreign Locations	435,601		432,795
Property, plant and equipment, net	$	757,140	$	688,570

^_________

⁽¹⁾As the Company does not allocate all long-lived assets, specifically intangible assets, to each individual country, evaluation of long-lived

assets in total is impracticable.

- 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, 2013

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, 2013 and 2012.



	Quarter Ended
	March 29, 2013		June 28, 2013		September 27, 2013		December 31, 2013⁽²⁾
	(In thousands, except per share data)
Net sales	$	947,143	$	1,074,118	$	1,014,570	$	1,171,378
Gross profit	290,725		337,822		320,294		357,381
Net income	32,275		67,200		65,475		44,193
Net income attributable to Colfax Corporation common shareholders	22,553		53,306		50,389		31,984
Net income per share – basic	$	0.21	$	0.53	$	0.49	$	0.31
Net income per share – diluted	$	0.21	$	0.52	$	0.48	$	0.31



	Quarter Ended
	March 30, 2012⁽¹⁾			June 29, 2012⁽¹⁾		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⁾

Summary of Significant Accounting Policies Self-Insurance (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Accounting Policies [Abstract]
Medical insurance - self-insurance accrual	$ 2,846	$ 383
Workers' compensation - self-insurance accrual	1,616	1,868
Total self-insurance accruals	$ 4,462	$ 2,251

Summary of Significant Accounting Policies Warranty Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Warranty Costs [Abstract]
Product Warranty Accrual, Beginning Balance	$ 40,437	$ 2,987
Accrued warranty expense	25,013	10,468
Changes in estimates related to pre-existing warranties	(638)	9
Cost of warranty service work performed	(21,082)	(23,457)
Acquisitions	18,569	51,367
Foreign exchange translation effect	(827)	(937)
Product Warranty Accrual, Ending Balance	$ 61,472	$ 40,437

Summary of Significant Accounting Policies Accounting Policies (Details Textual) € in Millions	3 Months Ended	12 Months Ended
	Mar. 29, 2013 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Dec. 31, 2013 EUR (€)	Dec. 31, 2013 USD ($)
Revenues in excess of billings on construction contracts			$ 97,100,000			$ 231,300,000
Billings in excess of revenues on construction contracts			178,300,000			214,800,000
Finite-Lived Intangible Assets, Estimated Useful Lives		two to 20 years
Non-cash impairment provisions		$ 1,894,000	3,155,000
Foreign Currency Exchange Rate Bolivar Fuerte	$ 6.3
Devaluation Percentage Of Bolivar Fuerte	32.00%
Net Monetary Assets Of Subsidiary						5,500,000
Deferred issuance costs, gross			21,100,000			18,200,000
Deferred issuance costs, accumulated amortization			4,800,000			4,700,000
Payments of debt issuance costs		7,100,000	9,900,000
A Three Facility [Member]
Notional Amount of Nonderivative Instruments Designated as Net Investment Hedges \| €					€ 149.7
A Four Facility [Member]
Notional Amount of Nonderivative Instruments Designated as Net Investment Hedges \| €					100.0
Revolving Credit Facility [Member]
Notional Amount of Nonderivative Instruments Designated as Net Investment Hedges \| €					€ 72.0
Interest expense [Member]
Foreign currency transaction (loss) gain		(4,100,000)
Selling, general and administrative expense [Member]
Research and development costs		27,400,000	19,400,000	$ 5,700,000
Advertising costs		17,000,000	15,700,000	1,200,000
Impairment of Intangible Assets, Finite-lived				100,000
Loss Recognized in Income Due to Inflationary Accounting	$ 2,900,000
Foreign currency transaction (loss) gain		(5,200,000)	(1,200,000)	$ 200,000
Restructuring and other related charges [Member]
Non-cash impairment provisions		1,900,000	$ 3,200,000
Gas and Fluid Handling [Member]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)		$ 200,000
Fair Value of Indefinite-Lived Trade Names Impaired During the Year						$ 2,800,000
Assets Held under Capital Leases [Member]
Property, Plant and Equipment, Estimated Useful Lives		three to 15 years

Acquisitions Purchase Price Allocation (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Business Combinations [Abstract]
Business Acquisition, Purchase Price Allocation, Current Assets, Receivables	$ 80,258	$ 714,486	$ 12,970
Business Acquisition, Purchase Price Allocation, Current Assets, Inventory	53,551	487,835	11,668
Business Acquisition, Purchase Price Allocation, Property, Plant and Equipment	94,258	595,961	3,069
Business Acquisition, Purchase Price Allocation, Goodwill Amount	258,901	1,793,394	35,285
Business Acquisition, Purchase Price Allocation, Intangible Assets Other than Goodwill	104,272	794,333	20,796
Business Acquisition, Purchase Price Allocation, Current Liabilities, Accounts Payable	(68,308)	(391,131)	(9,852)
Business Acquisition, Purchase Price Allocation, Noncurrent Liabilities, Long-term Debt	(10,942)	(437,564)	0
Business Acquisition Purchase Price Allocation Other Assets and Liabilities, Net	(87,188)	(746,719)	(12,236)
Business Acquisition Purchase Price Allocation Assets Acquired Liabilities Assumed Including Portion Attribute To Noncontrolling Interest	424,802	2,810,595	61,700
Business Acquisition, Purchase Price Allocation, Noncontrolling Interest	0	(259,329)	0
Business Acquisition, Purchase Price Allocation, Assets Acquired (Liabilities Assumed), Net	$ 424,802	$ 2,551,266	$ 61,700

Acquisitions 2012 Purchase Price Allocation by Significant Acquisition (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Business Acquisitions [Line Items]
Business Acquisition, Purchase Price Allocation, Current Assets, Receivables	$ 80,258	$ 714,486	$ 12,970
Business Acquisition, Purchase Price Allocation, Current Assets, Inventory	53,551	487,835	11,668
Business Acquisition, Purchase Price Allocation, Property, Plant and Equipment	94,258	595,961	3,069
Business Acquisition, Purchase Price Allocation, Goodwill Amount	258,901	1,793,394	35,285
Business Acquisition, Purchase Price Allocation, Intangible Assets Other than Goodwill	104,272	794,333	20,796
Business Acquisition, Purchase Price Allocation, Current Liabilities, Accounts Payable	(68,308)	(391,131)	(9,852)
Business Acquisition, Purchase Price Allocation, Noncurrent Liabilities, Long-term Debt	(10,942)	(437,564)	0
Business Acquisition Purchase Price Allocation Other Assets and Liabilities, Net	(87,188)	(746,719)	(12,236)
Business Acquisition Purchase Price Allocation Assets Acquired Liabilities Assumed Including Portion Attribute To Noncontrolling Interest	424,802	2,810,595	61,700
Business Acquisition, Purchase Price Allocation, Noncontrolling Interest	0	(259,329)	0
Business Acquisition, Purchase Price Allocation, Assets Acquired (Liabilities Assumed), Net	$ 424,802	2,551,266	$ 61,700
Charter International Plc [Member]
Business Acquisitions [Line Items]
Business Acquisition, Purchase Price Allocation, Current Assets, Receivables		683,976
Business Acquisition, Purchase Price Allocation, Current Assets, Inventory		449,906
Business Acquisition, Purchase Price Allocation, Property, Plant and Equipment		562,129
Business Acquisition, Purchase Price Allocation, Goodwill Amount		1,649,159
Business Acquisition, Purchase Price Allocation, Intangible Assets Other than Goodwill		715,643
Business Acquisition, Purchase Price Allocation, Current Liabilities, Accounts Payable		(378,114)
Business Acquisition, Purchase Price Allocation, Noncurrent Liabilities, Long-term Debt		(399,466)
Business Acquisition Purchase Price Allocation Other Assets and Liabilities, Net		(706,052)
Business Acquisition Purchase Price Allocation Assets Acquired Liabilities Assumed Including Portion Attribute To Noncontrolling Interest		2,577,181
Business Acquisition, Purchase Price Allocation, Noncontrolling Interest		(241,201)
Business Acquisition, Purchase Price Allocation, Assets Acquired (Liabilities Assumed), Net		2,335,980
Soldex S.A. [Member]
Business Acquisitions [Line Items]
Business Acquisition, Purchase Price Allocation, Current Assets, Receivables		22,848
Business Acquisition, Purchase Price Allocation, Current Assets, Inventory		32,985
Business Acquisition, Purchase Price Allocation, Property, Plant and Equipment		28,921
Business Acquisition, Purchase Price Allocation, Goodwill Amount		116,696
Business Acquisition, Purchase Price Allocation, Intangible Assets Other than Goodwill		65,325
Business Acquisition, Purchase Price Allocation, Current Liabilities, Accounts Payable		(6,682)
Business Acquisition, Purchase Price Allocation, Noncurrent Liabilities, Long-term Debt		(36,734)
Business Acquisition Purchase Price Allocation Other Assets and Liabilities, Net		(33,654)
Business Acquisition Purchase Price Allocation Assets Acquired Liabilities Assumed Including Portion Attribute To Noncontrolling Interest		189,705
Business Acquisition, Purchase Price Allocation, Noncontrolling Interest		(18,128)
Business Acquisition, Purchase Price Allocation, Assets Acquired (Liabilities Assumed), Net		171,577
Other acquisitions [Member]
Business Acquisitions [Line Items]
Business Acquisition, Purchase Price Allocation, Current Assets, Receivables		7,662
Business Acquisition, Purchase Price Allocation, Current Assets, Inventory		4,944
Business Acquisition, Purchase Price Allocation, Property, Plant and Equipment		4,911
Business Acquisition, Purchase Price Allocation, Goodwill Amount		27,539
Business Acquisition, Purchase Price Allocation, Intangible Assets Other than Goodwill		13,365
Business Acquisition, Purchase Price Allocation, Current Liabilities, Accounts Payable		(6,335)
Business Acquisition, Purchase Price Allocation, Noncurrent Liabilities, Long-term Debt		(1,364)
Business Acquisition Purchase Price Allocation Other Assets and Liabilities, Net		(7,013)
Business Acquisition Purchase Price Allocation Assets Acquired Liabilities Assumed Including Portion Attribute To Noncontrolling Interest		43,709
Business Acquisition, Purchase Price Allocation, Noncontrolling Interest		0
Business Acquisition, Purchase Price Allocation, Assets Acquired (Liabilities Assumed), Net		$ 43,709

Acquisitions Pro Forma Information (Details 2) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Business Combinations [Abstract]

Business Acquisition, Pro Forma Revenue

$ 4,096,401

$ 4,027,796

Business Acquisition, Pro Forma Net Income (Loss)

^[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) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
Acquisitions (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2013	Mar. 29, 2013	Jun. 29, 2012	Mar. 29, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Nov. 29, 2013	Nov. 28, 2013	Nov. 01, 2013	Sep. 30, 2013	Aug. 05, 2013	Jul. 09, 2013	Oct. 31, 2012	Sep. 13, 2012	May 31, 2012	Apr. 13, 2012	Jan. 13, 2012	Dec. 06, 2011	Feb. 14, 2011
Business Acquisitions [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain					$ 13,784	$ 0	$ 0
Business Acquisition, Purchase Price Allocation, Goodwill, Expected Tax Deductible Amount	$ 27,900				27,900
Business Combination, Acquisition Related Costs Excluding Charter					4,300	3,100	100
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual					59,900
Charter acquisition-related expense					0	43,617	$ 31,052
Business Combination Increased Acquisition Related Amortization Expense						79,900
Business Combination Increased Valuation Allowance						50,300
Charter International Plc [Member]
Business Acquisitions [Line Items]
Business Acquisition, Cost of Acquired Entity, Purchase Price																		$ 2,600,000
Business Acquisition, Cost of Acquired Entity, Cash Paid																		1,900,000
Business Acquisition, Cost of Acquired Entity, Other Noncash Consideration																		$ 700,000
Business Acquisition Acquired Entity Retrospective Adjustments		$ 23,500
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual						3,200,000
Charter acquisition-related expense			$ 800	$ 42,900
Flakt Woods GII [Member]
Business Acquisitions [Line Items]
Business Acquisition, Cost of Acquired Entity, Purchase Price								$ 246,000
Sicelub [Member]
Business Acquisitions [Line Items]
Mandatorily Redeemable Preferred Stock of Subsidiary									$ 31,700
Ownership Interest of Subsidiary Before Additional Acquisition									$ 7,400
Ownership Percentage of Subsidiary by Parent Before Additional Acquisition									44.00%
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain	$ 13,800				$ 13,800
Percentage of Ownership Interest in Subsidiary by Parent									100.00%
ČKD Kompresory [Member]
Business Acquisitions [Line Items]
Business Acquisition, Cost of Acquired Entity, Purchase Price										$ 69,400
TLT-Babcock and Alphair [Member]
Business Acquisitions [Line Items]
Business Acquisition, Cost of Acquired Entity, Purchase Price											$ 55,700
Clarus Fluid Intelligence [Member]
Business Acquisitions [Line Items]
Business Acquisition, Cost of Acquired Entity, Purchase Price													$ 13,200
Business Acquisition, Contingent Consideration, at Fair Value													$ 2,500
Covent [Member]
Business Acquisitions [Line Items]
Business Acquisition, Cost of Acquired Entity, Purchase Price															$ 34,600
Cot Puritech, Inc [Member]
Business Acquisitions [Line Items]
Business Acquisition, Cost of Acquired Entity, Purchase Price																			$ 39,400
Business Acquisition, Contingent Consideration, at Fair Value																			$ 4,300
Rosscor Holding B V [Member]
Business Acquisitions [Line Items]
Business Acquisition, Cost of Acquired Entity, Purchase Price																				$ 22,300
Soldex S.A. [Member]
Business Acquisitions [Line Items]
Business Acquisition, Cost of Acquired Entity, Purchase Price												$ 14,900		$ 187,200
Ownership Percentage of Subsidiary by Parent Before Additional Acquisition												91.00%
Percentage of Ownership Interest in Subsidiary by Parent												99.00%		91.00%
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual						21,600
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual						$ 1,700
Esab India [Member]
Business Acquisitions [Line Items]
Business Acquisition, Cost of Acquired Entity, Purchase Price																	$ 29,300
Ownership Percentage of Subsidiary by Parent Before Additional Acquisition																	56.00%
Percentage of Ownership Interest in Subsidiary by Parent																	74.00%
Sibes [Member]
Business Acquisitions [Line Items]
Business Acquisition, Cost of Acquired Entity, Purchase Price																$ 8,500
Ownership Percentage of Subsidiary by Parent Before Additional Acquisition																16.00%
Percentage of Ownership Interest in Subsidiary by Parent																100.00%

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

3 Months Ended

12 Months Ended

Dec. 31, 2013

^[1]

Sep. 27, 2013

Jun. 28, 2013

Mar. 29, 2013

Dec. 31, 2012

Sep. 28, 2012

Jun. 29, 2012

^[2]

Mar. 29, 2012

^[2]

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Earnings Per Share [Abstract]

Net income (loss) available to Colfax Corporation common shareholders

$ 31,984

$ 50,389

$ 53,306

$ 22,553

$ 14,664

$ 4,022

$ 7,293

$ (109,332)

$ 158,232

$ (83,353)

$ 4,555

Less: net income attributable to participating securities

^[3]

(3,740)

Net income (loss) - basic

$ 154,492

$ (83,353)

$ 4,555

Weighted-average shares of Common stock outstanding-basic

99,198,570

91,069,640

43,634,937

Net income (loss) per share- basic

$ 0.31

$ 0.49

$ 0.53

$ 0.21

$ 0.14

$ 0.04

$ 0.07

$ (1.33)

$ 1.56

$ (0.92)

$ 0.10

Less: net income attributable to participating securities

^[3],[4]

$ (3,740)

$ 0

Net income (loss) - diluted

$ 154,492

$ (83,353)

$ 4,555

Net effect of potentially dilutive securities - stock options and restricted stock units

1,167,885

633,173

Weighted-average shares of Common stock outstanding-diluted

100,366,455

91,069,640

44,268,110

Net income (loss) per share- diluted

$ 0.31

$ 0.48

$ 0.52

$ 0.21

$ 0.13

$ 0.04

$ 0.07

$ (1.33)

$ 1.54

$ (0.92)

$ 0.10

[1]	Net income and Net income per share for the three months ended December 31, 2013 includes a $13.8 million gain to remeasure the Company’s equity investment in Sicelub to fair value upon increasing the Company’s ownership to 100%, which was included in Selling, general and administrative expense. See Note 4, “Acquisitions” for additional information regarding the Company’s acquisition of Sicelub. Additionally, during the three months ended December 31, 2013, the Company incurred $26.8 million to write-off certain deferred financing fees and original issue discount associated with the Third Amendment to the Deutsche Bank Credit Agreement. See Note 10, “Debt” for additional information regarding the Third Amendment to the Deutsche Bank Credit Agreement.
[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) per share was calculated consistent with the two-class method in accordance with GAAP from January 13, 2012 through April 23, 2013, as further discussed below.
[4]	For periods subsequent to April 23, 2013, Net income per share - dilutive was calculated in accordance with the if-converted method, as further discussed below. However, for the year ended December 31, 2013, the calculation under this method was anti-dilutive.

Net Income (Loss) Per Share (Details Textual) - shares shares in Millions	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Preferred, Amount	12.2
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0.6	2.8	0.5

- 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 Domestic and Foreign (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Current Income Tax Expense (Benefit) [Abstract]

Federal

$ (464)

$ 0

$ 182

State

871

362

(94)

Foreign

83,299

83,119

17,066

Income Taxes Paid

83,706

83,481

17,154

Deferred Income Tax Expense (Benefit) [Abstract]

Domestic Operations

11,603

50,340

Foreign Operations

(1,657)

(43,118)

(1,722)

Deferred income tax provision (benefit)

9,946

7,222

(1,722)

Provision for income taxes

93,652

90,703

15,432

Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest [Abstract]

Domestic Operations

(7,899)

(73,467)

(27,645)

Foreign Operations

310,694

121,906

47,632

Income before income taxes

^[1]

$ 302,795

$ 48,439

$ 19,987

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

Income Taxes Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income Tax Reconciliation At Federal Statutory Rate [Abstract]
Taxes Calculated at the U.S. federal statutory rate	$ 105,978	$ 16,954	$ 6,995
State taxes	871	362	(421)
Effect of international tax rates	(42,972)	(24,070)	(2,988)
Change in enacted international tax rates	(5,217)	(12,305)	0
Chages in valuation allowance and tax reserves	30,554	106,802	11,177
Other	4,438	2,960	669
Provision for income taxes	$ 93,652	$ 90,703	$ 15,432

Income Taxes Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Schedule of Deferred Tax Assets and Liabilities [Abstract]
Post-retirement benefit obligation	$ 87,305	$ 126,106
Expenses currently not deductible	152,539	133,078
Net operating loss carryover	264,893	256,076
Tax credit carryover	15,518	15,378
Depreciation and Amortization	4,323	17,010
Other	7,202	3,556
Valuation Allowance	(358,386)	(357,638)	$ (79,900)
Deferred Tax Assets, Net	173,394	193,566
Depreciation and Amortization	(263,996)	(286,173)
Post-retirement benefit obligation	(17,844)	(4,843)
Inventory	(12,558)	(12,227)
Other	(59,205)	(43,456)
Total deferred tax liabilities	(353,603)	(346,699)
Total deferred tax (liabilities) assets, net	$ (180,209)	$ (153,133)

Income Taxes Gross Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Schedule of unrecognized tax beneits [Abstract]
Beginning Balance	$ 85,723	$ 4,077
Acquisitions	0	74,316
Addition for tax position taken in prior periods	6,988	1,391
Addition for tax positions taken in current period	7,730	5,241
Reduction for tax positions taken in prior periods	(31,156)	(3,695)
Other, including the impact of foreign currency translation	(373)	4,393
Ending Balance	$ 68,912	$ 85,723

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

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Deferred Tax Assets, Valuation Allowance

$ 358,386

$ 357,638

$ 79,900

Income Tax Examination, Penalties and Interest Expense

103,800

Valuation Allowance, Deferred Tax Asset, Change in Amount

20,600

Operating Loss Carryforwards

275,600

Minimum Tax Credit

7,700

Unremitted Earnings

480,200

Unrecognized Tax Benefits

68,912

85,723

4,077

Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued

13,200

16,500

Unrecognized Tax Benefits To Offset Interest and Penalties

100

500

Liability for Uncertain Tax Positions, Current

68,800

85,200

Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense

4,000

1,300

100

Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit

2,300

Valuation Allowance of Deferred Tax Assets [Member]

Income Tax Examination, Penalties and Interest Expense

30,600

Valuation Allowances and Reserves, Reserves of Businesses Acquired

^[1]

2,401

153,322

Valuation Allowance, Deferred Tax Asset, Change in Amount

(27,233)

Valuation Allowance, Deferred Tax Asset, Change due to International tax rates

(3,373)

Valuation Allowances And Reserves Foreign Currency Translation

$ (1,601)

$ 0

$ (3)

[1]

Includes reclassifications related to the Charter Acquisition. The valuation allowance for deferred tax assets during the year ended December 31, 2012 reflects the impact of retrospective adjustments recorded during the year ended December 31, 2013. See Note 4, "Acquisitions" for further discussion.

Goodwill & Intangibles Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Goodwill [Line Items]
Balance beginning of period	$ 2,098,836	$ 204,844
Goodwill, Translation Adjustments	26,785	100,598
Balance end of period	2,384,522	2,098,836
Gas and Fluid Handling [Member]
Goodwill [Line Items]
Balance beginning of period	1,225,494	204,844
Goodwill, Translation Adjustments	22,629	57,632
Balance end of period	1,507,024	1,225,494
Fabrication Technology [Member]
Goodwill [Line Items]
Balance beginning of period	873,342	0
Goodwill, Translation Adjustments	4,156	42,966
Balance end of period	877,498	873,342
Charter International Plc [Member]
Goodwill [Line Items]
Goodwill, Acquired During Period		1,649,159
Charter International Plc [Member] \| Gas and Fluid Handling [Member]
Goodwill [Line Items]
Goodwill, Acquired During Period		941,178
Charter International Plc [Member] \| Fabrication Technology [Member]
Goodwill [Line Items]
Goodwill, Acquired During Period		707,981
Soldex S.A. [Member]
Goodwill [Line Items]
Goodwill, Acquired During Period		116,696
Soldex S.A. [Member] \| Gas and Fluid Handling [Member]
Goodwill [Line Items]
Goodwill, Acquired During Period		0
Soldex S.A. [Member] \| Fabrication Technology [Member]
Goodwill [Line Items]
Goodwill, Acquired During Period		116,696
Other acquisitions [Member]
Goodwill [Line Items]
Goodwill, Acquired During Period	258,901	27,539
Other acquisitions [Member] \| Gas and Fluid Handling [Member]
Goodwill [Line Items]
Goodwill, Acquired During Period	258,901	21,840
Other acquisitions [Member] \| Fabrication Technology [Member]
Goodwill [Line Items]
Goodwill, Acquired During Period	$ 0	$ 5,699

- Definition

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13770-109266

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-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 142
-Paragraph 43
-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 141R
-Paragraph 72
-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 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-Clause 1
-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 141R
-Paragraph 68
-Subparagraph l
-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 141R
-Paragraph 34
-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 & Intangibles Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Intangible Assets Schedule [Line Items]
Intangible Assets, Gross	$ 979,862	$ 884,730
Finite-Lived Intangible Assets, Accumulated Amortization	(147,309)	(105,681)
Customer Relationships [Member]
Intangible Assets Schedule [Line Items]
Finite-Lived Intangible Assets, Gross	353,337	300,253
Finite-Lived Intangible Assets, Accumulated Amortization	(51,675)	(24,763)
Acquired Technology [Member]
Intangible Assets Schedule [Line Items]
Finite-Lived Intangible Assets, Gross	114,647	107,018
Finite-Lived Intangible Assets, Accumulated Amortization	(22,757)	(12,466)
Backlog [Member]
Intangible Assets Schedule [Line Items]
Finite-Lived Intangible Assets, Gross	73,476	63,984
Finite-Lived Intangible Assets, Accumulated Amortization	(65,919)	(62,432)
Other Intangible Assets [Member]
Intangible Assets Schedule [Line Items]
Finite-Lived Intangible Assets, Gross	26,061	12,352
Finite-Lived Intangible Assets, Accumulated Amortization	(6,958)	(6,020)
Trade Names [Member]
Intangible Assets Schedule [Line Items]
Indefinite-Lived Trade Names	412,341	401,123
Indefinite Lived Intangible Assets Accumulated Amortization Excluding Goodwill	$ 0	$ 0

Goodwill & Intangibles Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Selling, general and administrative expense [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 41,172	$ 85,106	$ 7,821

Goodwill & Intangibles (Details Textual) $ in Millions	Dec. 31, 2013 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	$ 50.9
Finite-Lived Intangible Assets, Amortization Expense, Year Two	49.3
Finite-Lived Intangible Assets, Amortization Expense, Year Three	44.5
Finite-Lived Intangible Assets, Amortization Expense, Year Four	41.1
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	$ 38.7

Property, Plant and Equipment, Net (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment, Gross

$ 1,013,197

$ 865,602

Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment

(256,057)

(177,032)

Property, plant and equipment, net

^[1]

757,140

688,570

Land [Member]

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment, Gross

48,353

40,319

Building and Building Improvements [Member]

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment, Gross

$ 372,197

314,216

Building and Building Improvements [Member] | Minimum [Member]

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment, Useful Life

5 years

Building and Building Improvements [Member] | Maximum [Member]

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment, Useful Life

40 years

Machinery and Equipment [Member]

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment, Gross

$ 504,184

440,975

Machinery and Equipment [Member] | Minimum [Member]

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment, Useful Life

3 years

Machinery and Equipment [Member] | Maximum [Member]

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment, Useful Life

15 years

Software [Member]

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment, Gross

$ 88,463

$ 70,092

Software [Member] | Minimum [Member]

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment, Useful Life

3 years

Software [Member] | Maximum [Member]

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment, Useful Life

5 years

[1]	As the Company does not allocate all long-lived assets, specifically intangible assets, to each individual country, evaluation of long-lived assets in total is impracticable.

Property, Plant and Equipment, Net (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Property, Plant and Equipment [Member]
Property, Plant and Equipment [Line Items]
Depreciation	$ 78.1	$ 71.7	$ 13.1
Software [Member]
Property, Plant and Equipment [Line Items]
Depreciation	$ 11.8	$ 10.5	$ 1.7

Inventories, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Inventory Disclosure [Abstract]
Raw materials	$ 145,689	$ 154,771
Work in process	112,722	99,459
Finished goods	224,192	263,211
Inventory, Gross	482,603	517,441
Less: customer progress billings	(4,078)	(14,571)
Less: allowance for excess, slow-moving and obsolete inventory	(32,773)	(9,221)
Inventories, net	$ 445,752	$ 493,649

- 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, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Total Debt	$ 1,487,091	$ 1,728,311
Less: current portion	(29,449)	(34,799)
Long-term debt	1,457,642	1,693,512
Term loans [Member]
Debt Instrument [Line Items]
Total Debt	1,115,238	1,682,177
Revolving credit facilities and other [Member]
Debt Instrument [Line Items]
Total Debt	$ 371,853	$ 46,134

Debt Schedule of Debt Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Debt Disclosure [Abstract]
2014	$ 29,449
2015	90,551
2016	189,638
2017	344,119
2018	851,006
Total contractual maturities	1,504,763
Debt discount	(17,672)
Total debt	$ 1,487,091	$ 1,728,311

Debt (Details Textual) $ in Thousands, € in Millions	3 Months Ended	12 Months Ended
Debt (Details Textual) $ in Thousands, € in Millions	Dec. 31, 2013 USD ($)	Dec. 31, 2013 USD ($)	Nov. 07, 2013 EUR (€)	Nov. 07, 2013 USD ($)	Feb. 22, 2013
Write off of Deferred Debt Issuance Cost	$ 26,800	$ 29,400
Expenses Incurred During Refinance Of Debt		1,200
Debt discount	17,672	17,672
Deferred Finance Costs, Net	$ 13,500	$ 13,500
Long-term Debt, Weighted Average Interest Rate	1.99%	1.99%
Line of Credit Facility, Remaining Borrowing Capacity	$ 560,600	$ 560,600
DB Letter of Credit Subfacility, Remaining Borrowing Capacity	199,900	199,900
Letters of Credit, Maximum Capacity	688,700	688,700
Letters of Credit, Amount Outstanding	$ 398,200	$ 398,200
Deutsche Bank Credit Agreement Pledged Collateral, 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. 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.
Debt Instrument, Covenant Description		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 2.25 to 1.0, measured at the end of each quarter, through the year ended December 31, 2013. The minimum interest coverage ratio increases by 25 basis points each year until it reaches 3.0 to 1.0 for the year ending December 31, 2016 and each year thereafter. 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 each year until it reaches 4.25 to 1.0 for the year ending December 31, 2016 and each year thereafter.
Debt Instrument, Covenant Compliance		The Company is in compliance with all such covenants as of December 31, 2013.
A One Facility [Member]
DB Credit Facility Term Loans				$ 408,700
Base Rate Loan Interest Rate Margin Percentage, Minimum			0.50%	0.50%	0.75%
Base Rate Loan Interest Rate Margin Percentage, Maximum			1.25%	1.25%	1.50%
Eurocurrency Rate Loan Interest Rate Margin Percentage, Minimum			1.50%	1.50%	1.75%
Eurocurrency Rate Interest Rate Loan Margin Percentage, Maximum			2.25%	2.25%	2.50%
A Two Facility [Member]
DB Credit Facility Term Loans				$ 380,000
Base Rate Loan Interest Rate Margin Percentage, Minimum			0.50%	0.50%	0.75%
Base Rate Loan Interest Rate Margin Percentage, Maximum			1.25%	1.25%	1.50%
Eurocurrency Rate Loan Interest Rate Margin Percentage, Minimum			1.50%	1.50%	1.75%
Eurocurrency Rate Interest Rate Loan Margin Percentage, Maximum			2.25%	2.25%	2.50%
A Three Facility [Member]
DB Credit Facility Term Loans \| €			€ 149.7
Base Rate Loan Interest Rate Margin Percentage, Minimum			0.75%	0.75%	1.50%
Base Rate Loan Interest Rate Margin Percentage, Maximum			1.50%	1.50%	2.25%
Eurocurrency Rate Loan Interest Rate Margin Percentage, Minimum			1.75%	1.75%	2.50%
Eurocurrency Rate Interest Rate Loan Margin Percentage, Maximum			2.50%	2.50%	3.25%
A Four Facility [Member]
DB Credit Facility Term Loans \| €			€ 100.0
Base Rate Loan Interest Rate Margin Percentage, Minimum			0.75%	0.75%	1.50%
Base Rate Loan Interest Rate Margin Percentage, Maximum			1.50%	1.50%	2.25%
Eurocurrency Rate Loan Interest Rate Margin Percentage, Minimum			1.75%	1.75%	2.50%
Eurocurrency Rate Interest Rate Loan Margin Percentage, Maximum			2.50%	2.50%	3.25%
B Facility [Member]
Base Rate Loan Interest Rate Margin Percentage, Minimum					1.50%
Base Rate Loan Interest Rate Margin Percentage, Maximum					1.50%
Eurocurrency Rate Loan Interest Rate Margin Percentage, Minimum					2.50%
Eurocurrency Rate Interest Rate Loan Margin Percentage, Maximum					2.50%
Two Revolving Credit Facility [Member]
Base Rate Loan Interest Rate Margin Percentage, Minimum			0.50%	0.50%	0.75%
Base Rate Loan Interest Rate Margin Percentage, Maximum			1.25%	1.25%	1.50%
Eurocurrency Rate Loan Interest Rate Margin Percentage, Minimum			1.50%	1.50%	1.75%
Eurocurrency Rate Interest Rate Loan Margin Percentage, Maximum			2.25%	2.25%	2.50%
Line of Credit Facility, Maximum Borrowing Capacity				$ 898,000

Equity (Details) $ in Thousands	12 Months Ended
Equity (Details) $ in Thousands	Dec. 31, 2013 USD ($)
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance	$ (146,594)
Acquisition of shares held by noncontrolling interest	(381)
Net actuarial gain	77,515
Foreign currency translation adjustment	21,083
Gain on long-term intra-entity foreign currency transactions	2,176
Loss on net investment hedges	(14,261)
Unrealized gain on cash flow hedges	3,832
Other comprehensive income (loss) before reclassifications	90,345
Amounts reclassified from Accumulated other comprehensive loss	10,022
Net current period Other comprehensive income (loss)	100,367
Ending balance	(46,608)
Net Unrecognized Pension And Other Post-Retirement Benefit Cost [Member]
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance	(247,332)
Acquisition of shares held by noncontrolling interest	0
Net actuarial gain	77,515
Foreign currency translation adjustment	0
Gain on long-term intra-entity foreign currency transactions	0
Loss on net investment hedges	0
Unrealized gain on cash flow hedges	0
Other comprehensive income (loss) before reclassifications	77,515
Amounts reclassified from Accumulated other comprehensive loss	10,022
Net current period Other comprehensive income (loss)	87,537
Ending balance	(159,795)
Foreign Currency Translation Adjustment [Member]
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance	104,718
Acquisition of shares held by noncontrolling interest	(381)
Net actuarial gain	0
Foreign currency translation adjustment	21,083
Gain on long-term intra-entity foreign currency transactions	2,176
Loss on net investment hedges	0
Unrealized gain on cash flow hedges	0
Other comprehensive income (loss) before reclassifications	23,259
Amounts reclassified from Accumulated other comprehensive loss	0
Net current period Other comprehensive income (loss)	23,259
Ending balance	127,596
Unrealized Loss On Hedging Activities [Member]
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance	(3,980)
Acquisition of shares held by noncontrolling interest	0
Net actuarial gain	0
Foreign currency translation adjustment	0
Gain on long-term intra-entity foreign currency transactions	0
Loss on net investment hedges	(14,261)
Unrealized gain on cash flow hedges	3,832
Other comprehensive income (loss) before reclassifications	(10,429)
Amounts reclassified from Accumulated other comprehensive loss	0
Net current period Other comprehensive income (loss)	(10,429)
Ending balance	$ (14,409)

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

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Pension and other post-retirement benefit cost [Abstract]

Amortization of net loss, before tax

^[1]

$ 10,489

Amortization of net loss, tax

(715)

^[1]

$ (256)

$ (114)

Amortization of net loss, net of tax

^[1]

9,774

Amortization of prior service cost, before tax

^[1]

248

Amortization of prior service cost, tax

^[1]

Amortization of prior service cost, net of tax

^[1]

248

Total amount reclassified from Accumulated other comprehensive loss, before tax

10,737

Total amount reclassified from Accumulated other comprehensive loss, tax

(715)

Total amount reclassified from Accumulated other comprehensive loss, net of tax

$ 10,022

[1]	Included in the computation of net periodic benefit cost. See Note 13, “Defined Benefit Plans” for additional details.

Equity Stock-based compensation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Stock Based Compensation [Abstract]
Stock-based compensation expense	$ 13,334	$ 9,373	$ 4,908
Deferred tax benefit	$ 434	$ 305	$ 1,719

Equity Option Valuation Assumptions (Details) - $ / shares	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Valuation Assumptions [Abstract]
Expected period that options will be outstanding (in years)	4 years 10 months 25 days	5 years 4 months 28 days	4 years 6 months
Interest rate (based on U.S. Treasury yields at the time of grant)	1.06%	0.99%	2.10%
Volatility	43.22%	42.59%	52.50%
Dividend yield	0.00%	0.00%	0.00%
Weighted-average fair value of options granted	$ 18.07	$ 13.14	$ 9.68

Equity Option Award Activity (Details)
$ / shares in Units, $ in Thousands

12 Months Ended

Dec. 31, 2013

USD ($)

$ / shares

Option Activity [Abstract]

Number of options, Outstanding at January 1, 2013 | shares

2,210,116

Number of options, Granted | shares

551,480

Number of options, Exercised | shares

(244,519)

Number of options, Forfeited | shares

(81,446)

Number of options, Expired | shares

(3,841)

Number of options, Outstanding at December 31, 2013 | shares

2,431,790

Number of options, Vested or expected to vest at December 31, 2013 | shares

2,378,775

Number of options, Exercisable at December 31, 2013 | shares

797,724

Weighted-average exercise price, Outstanding at January 1, 2013 | $ / shares

$ 25.35

Weighted-average exercise price, Granted | $ / shares

46.99

Weighted-average exercise price, Exercised | $ / shares

15.11

Weighted-average exercise price, Forfeited | $ / shares

34.66

Weighted-average exercise price, Expired | $ / shares

21.15

Weighted-average exercise price, Outstanding at December 31, 2013 | $ / shares

30.98

Weighted-average exercise price, Vested or expected to vest at December 31, 2013 | $ / shares

30.77

Weighted-average exercise price, Exercisable at December 31, 2013 | $ / shares

$ 18.92

Weighted-Average Remaining Contractual Term, Outstanding at December 31, 2013

4 years 11 months 7 days

Weighted-Average Remaining Contractual Term, Vested or expected to vest at December 31, 2013

4 years 11 months 3 days

Weighted-Average Remaining Contractual Term, Exercisable at December 31, 2013

3 years 7 months 17 days

Aggregate intrinsic value, Outstanding at December 31, 2013 | $

$ 79,528

^[1]

Aggregate intrinsic value, Vested or expected to vest at December 31, 2013 | $

78,305

^[1]

Aggregate intrinsic value, Exercisable at December 31, 2013 | $

$ 35,717

^[1]

[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 PRSU and RSU Activity (Details)	12 Months Ended
Equity PRSU and RSU Activity (Details)	Dec. 31, 2013 $ / shares shares
Performance Based Restricted Stock Units (PRSUs) [Member]
Award Activity Rollforward [Line Items]
Number of units, Nonvested at January 1, 2013 \| shares	560,951
Number of units, Granted \| shares	81,549
Number of units, Vested \| shares	(15,507)
Number of units, Forefeited \| shares	(50,251)
Number of units, Nonvested at December 31, 2013 \| shares	576,742
Weighted-average grant date fair value, Nonvested at January 1, 2013 \| $ / shares	$ 24.40
Weighted-average grant date fair value, Granted \| $ / shares	45.20
Weighted-average grant date fair value, Vested \| $ / shares	18.13
Weighted-average grant date fair value, Forfeited \| $ / shares	20.35
Weighted-average grant date fair value, Nonvested at December 31, 2013 \| $ / shares	$ 27.86
Restricted Stock Units (RSUs) [Member]
Award Activity Rollforward [Line Items]
Number of units, Nonvested at January 1, 2013 \| shares	54,876
Number of units, Granted \| shares	105,778
Number of units, Vested \| shares	(35,761)
Number of units, Forefeited \| shares	(3,104)
Number of units, Nonvested at December 31, 2013 \| shares	121,789
Weighted-average grant date fair value, Nonvested at January 1, 2013 \| $ / shares	$ 26.23
Weighted-average grant date fair value, Granted \| $ / shares	46.78
Weighted-average grant date fair value, Vested \| $ / shares	25.85
Weighted-average grant date fair value, Forfeited \| $ / shares	41.06
Weighted-average grant date fair value, Nonvested at December 31, 2013 \| $ / shares	$ 43.81

Equity Textuals (Details) $ / shares in Units, $ in Millions			12 Months Ended
	Mar. 09, 2012 USD ($) shares	Jan. 24, 2012 USD ($) $ / shares shares	Dec. 31, 2013 USD ($) shares	Dec. 31, 2012 USD ($) shares	Dec. 31, 2011 USD ($) shares	Mar. 05, 2012 USD ($) shares
Equity Text [Abstract]
Common stock-based award activity (in shares)			265,995	452,062	248,017
Stock Authorized		420,000,000			210,000,000
Common Stock, Shares Authorized		400,000,000	400,000,000	400,000,000	200,000,000
Preferred Stock, Shares Authorized		20,000,000	20,000,000	20,000,000	10,000,000
Common Stock, Shares, Issued	1,000,000		101,921,613	94,067,418		8,000,000
Preferred Stock, Shares Issued			13,877,552	13,877,552
Stock, Value, Issued \| $	$ 34.0					$ 272.0
Proceeds Per Share Of Common Stock Issued \| $ / shares		$ 23.04
Conversion Rate Of Convertible Preferred Stock		114.00%
Colfax Common stock conversion necessary on third anniversary for Colfax option Preferred stock conversion		133.00%
Charter Acquisition, Colfax to Charter share issue rate		0.1241
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares		20,735,493
Stock Issued During Period, Shares, New Issues			7,500,000
Stock Issued During Period, Value, New Issues \| $			$ 331.9
Stock issuance costs \| $	$ 12.6	$ 14.7	12.0
Maximum Amount Allowable To Pay Dividend \| $			50.0
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest \| $			(17.5)
Unrecognized stock-based compensation expense \| $			$ 25.5
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition			1 year 11 months
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value \| $			$ 9.2	$ 9.9	$ 3.8
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Total Fair Value \| $			$ 2.5	$ 1.9	$ 1.1
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.
Mitchell P. Rales [Member]
Common Stock, Shares, Issued		2,170,139
Percentage Of Share Held By Related Party		20.90%
Steven M. Rales [Member]
Common Stock, Shares, Issued		2,170,139
Percentage Of Share Held By Related Party		20.90%
Markel Corporation [Member]
Common Stock, Shares, Issued		1,085,070
Mitchell P Rales Steven M Rales and Markel Corporation [Member]
Stock, Value, Issued \| $		$ 125.0
BDT Investor [Member]
Common Stock, Shares, Issued		14,756,945
Preferred Stock, Shares Issued		13,877,552
Stock, Value, Issued \| $		$ 680.0
Proceeds Per Share Of Preferred Stock Issued \| $ / shares		$ 24.50
Proceeds Per Share Of Common Stock Issued \| $ / shares		$ 23.04
Preferred Stock, Dividend Rate, Percentage		6.00%
Preferred Stock, Liquidation Preference Per Share \| $ / shares		$ 24.50
Preferred Stock, Dividend Rate, Late Payment, Percentage		8.00%
Common Stock [Member]
Equity Text [Abstract]
Common stock-based award activity (in shares)			265,995	452,062	284,017
Contribution to defined benefit pension plan (in shares)			88,200
Stock Issued During Period, Shares, New Issues			7,500,000	49,917,786
Stock issuance costs \| $			$ 12.0	$ 20.2	$ 0.0

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

Dec. 31, 2013

Dec. 31, 2012

Accrued Liabilities [Abstract]

Accrued payroll

$ 136,645

$ 99,583

Advance payment from customers

53,280

61,431

Accrued taxes

71,314

34,165

Accrued Asbestos Liability

^[1]

51,142

58,501

Warranty liability - current portion

54,977

35,678

Accrued restructuring liability - current portion

12,856

25,406

Accrued third-party commissions

13,095

12,320

Other

91,952

120,136

Accrued liabilities

$ 485,261

$ 447,220

[1]

Represents current accruals 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.

Accrued Liabilities (Details 1) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Balance at Beginning of Period

$ 27,354

^[1]

$ 4,573

Non-cash impairment provisions

1,894

3,155

Restructuring Charges Acquisitions

10,270

Restructuring provisions before non-cash charges

33,608

56,905

Provisions

35,502

60,060

Payments

(47,279)

(45,072)

Foreign Currency Translation

432

678

Balance at End of Period

14,115

^[2]

27,354

^[1]

Gas and Fluid Handling [Member]

Balance at Beginning of Period

4,237

4,573

Restructuring Charges Acquisitions

Provisions

10,429

8,652

Payments

(10,337)

(9,133)

Foreign Currency Translation

145

Balance at End of Period

4,394

4,237

Fabrication Technology [Member]

Balance at Beginning of Period

21,595

Non-cash impairment provisions

1,894

3,155

Restructuring Charges Acquisitions

10,270

Restructuring provisions before non-cash charges

23,179

42,081

Provisions

25,073

45,236

Payments

(36,224)

(31,251)

Foreign Currency Translation

(88)

495

Balance at End of Period

8,462

21,595

Corporate and Other [Member]

Balance at Beginning of Period

1,522

Restructuring Charges Acquisitions

Provisions

6,172

Payments

(718)

(4,688)

Foreign Currency Translation

455

Balance at End of Period

1,259

1,522

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

Balance at Beginning of Period

^[3]

3,060

^[4]

3,868

Restructuring Charges Acquisitions

^[3]

Provisions

9,413

^[4]

7,062

^[3]

Payments

(8,680)

^[4]

(8,014)

^[3]

Foreign Currency Translation

(155)

^[4]

144

^[3]

Balance at End of Period

^[4]

3,638

3,060

^[3]

Employee Severance [Member] | Fabrication Technology [Member]

Balance at Beginning of Period

^[3]

14,637

^[4]

Restructuring Charges Acquisitions

^[3]

6,276

Provisions

22,775

^[4]

30,292

^[3]

Payments

(30,056)

^[4]

(22,277)

^[3]

Foreign Currency Translation

(323)

^[4]

346

^[3]

Balance at End of Period

^[4]

7,033

14,637

^[3]

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

Balance at Beginning of Period

^[3]

Restructuring Charges Acquisitions

^[3]

Provisions

^[3]

3,020

Payments

^[3]

(3,020)

Foreign Currency Translation

^[3]

Balance at End of Period

^[3]

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

Balance at Beginning of Period

^[6]

1,177

^[5]

633

Restructuring Charges Acquisitions

^[6]

Provisions

683

^[5]

1,301

^[6]

Payments

(1,137)

^[5]

(756)

^[6]

Foreign Currency Translation

^[5]

(1)

^[6]

Balance at End of Period

^[5]

756

1,177

^[6]

Facility Closing [Member] | Fabrication Technology [Member]

Balance at Beginning of Period

^[6]

6,925

^[5]

Restructuring Charges Acquisitions

^[6]

3,994

Provisions

280

^[5]

10,584

^[6]

Payments

(5,736)

^[5]

(7,800)

^[6]

Foreign Currency Translation

(40)

^[5]

147

^[6]

Balance at End of Period

^[5]

1,429

6,925

^[6]

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

Balance at Beginning of Period

^[6]

1,522

^[5]

Restructuring Charges Acquisitions

^[6]

Provisions

^[5]

1,899

^[6]

Payments

(718)

^[5]

(415)

^[6]

Foreign Currency Translation

455

^[5]

^[6]

Balance at End of Period

^[5]

1,259

1,522

^[6]

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

Balance at Beginning of Period

Restructuring Charges Acquisitions

Provisions

333

289

Payments

(520)

(363)

Foreign Currency Translation

187

Balance at End of Period

Other Restructuring [Member] | Fabrication Technology [Member]

Balance at Beginning of Period

Restructuring Charges Acquisitions

Provisions

124

1,205

Payments

(432)

(1,174)

Foreign Currency Translation

275

Balance at End of Period

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

Balance at Beginning of Period

$ 0

Restructuring Charges Acquisitions

Provisions

1,253

Payments

(1,253)

Foreign Currency Translation

Balance at End of Period

$ 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]	As of December 31, 2013, $12.9 million and $1.2 million of the Company’s restructuring liability was included in Accrued liabilities and Other liabilities, respectively.
[3]	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.
[4]	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.
[5]	Includes the cost of relocating associates, relocating equipment and lease termination expense in connection with the closure of facilities.
[6]	Includes the cost of relocating associates, relocating equipment and lease termination expense in connection with the closure of facilities.

Accrued Liabilities (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Accrued Liabilities [Abstract]
Restructuring and Related Cost, Expected Cost	$ 50,000
Accrued restructuring liability - current portion	12,856	$ 25,406
Accrued restructuring liability - noncurrent portion	$ 1,200	$ 1,900

- Definition

Carrying amount as of the balance sheet date of known and estimated obligations associated with exit from or disposal of business activities or restructurings pursuant to a duly authorized plan, which are expected to be paid in the next twelve months or in the normal operating cycle if longer. Costs of such activities include those for one-time termination benefits, termination of an operating lease or other contract, consolidating or closing facilities, relocating employees, and costs associated with an ongoing benefit arrangement, but excludes costs associated with the retirement of a long-lived asset.

+ References + Details

- Definition

Carrying amount as of the balance sheet date of known and estimated costs associated with exit from or disposal of business activities or restructurings pursuant to a duly authorized plan, which are expected to be paid after one year or beyond the next operating cycle, if longer. Costs of such activities include those for one-time termination benefits, termination of an operating lease or other contract, consolidating or closing facilities, and relocating employees, and costs associated with an ongoing benefit arrangement, but excludes costs associated with the retirement of a long-lived asset.

+ References + Details

Defined Benefit Plans Obligation and Asset Rollforward (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Fair value of plan assets, beginning of year

$ 1,287,844

Fair value of plan assets, end of year

1,367,315

$ 1,287,844

Pension Benefits [Member]

Projected benefit obligation, beginning of year

1,665,138

347,911

Acquisitions

6,356

1,148,906

Service cost

3,985

3,381

$ 1,383

Interest cost

63,132

67,745

16,408

Actuarial (gain) loss

(28,831)

135,715

Foreign exchange effect

17,919

45,458

Benefits paid

(83,060)

(84,333)

Settlements

(4,189)

Other

(32)

355

Projected benefit obligation, end of year

1,640,418

1,665,138

347,911

Accumulated benefit obligation, end of year

1,617,651

1,641,252

Fair value of plan assets, beginning of year

1,287,844

221,004

Acquisitions

2,787

954,919

Actual return on plan assets

100,300

100,153

Employer contribution

^[1]

49,772

58,494

Foreign exchange effect

13,076

37,359

Settlements

(3,565)

Other

161

248

Fair value of plan assets, end of year

1,367,315

1,287,844

221,004

Funded status, end of year

(273,103)

(377,294)

Non-current assets

38,177

31,826

Current liabilities

(6,048)

(5,639)

Non-current liabilities

(305,232)

(403,481)

Total

(273,103)

(377,294)

Defined Benefit Plans Plan Asset Allocation (Details)	12 Months Ended
Defined Benefit Plans Plan Asset Allocation (Details)	Dec. 31, 2013	Dec. 31, 2012
U.S. Equity Securities [Member] \| U.S. Plans [Member]
Defined Benefit Plan, Actual Plan Asset Allocations	41.00%	36.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum	30.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum	45.00%
International Securities [Member] \| U.S. Plans [Member]
Defined Benefit Plan, Actual Plan Asset Allocations	16.00%	15.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum	10.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum	20.00%
Equity Securities [Member] \| Foreign Pension Plans [Member]
Defined Benefit Plan, Actual Plan Asset Allocations	30.00%	37.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum	10.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum	50.00%
Fixed Income Securities [Member] \| U.S. Plans [Member]
Defined Benefit Plan, Actual Plan Asset Allocations	39.00%	37.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum	30.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum	50.00%
Fixed Income Securities [Member] \| Foreign Pension Plans [Member]
Defined Benefit Plan, Actual Plan Asset Allocations	65.00%	58.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum	50.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum	90.00%
Hedge Funds [Member] \| U.S. Plans [Member]
Defined Benefit Plan, Actual Plan Asset Allocations	3.00%	11.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum	0.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum	20.00%
Cash and Cash Equivalents [Member] \| U.S. Plans [Member]
Defined Benefit Plan, Actual Plan Asset Allocations	1.00%	1.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum	0.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum	5.00%
Cash and Cash Equivalents [Member] \| Foreign Pension Plans [Member]
Defined Benefit Plan, Actual Plan Asset Allocations	2.00%	2.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum	0.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum	25.00%
Other Securities [Member] \| Foreign Pension Plans [Member]
Defined Benefit Plan, Actual Plan Asset Allocations	3.00%	3.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Minimum	0.00%
Defined Benefit Plan, Target Plan Asset Allocations Range Maximum	5.00%

Defined Benefit Plans Health Care Assumption Effect (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2013 USD ($)
Health Care Increase Decrease [Abstract]
Effect on total service and interest cost components for the year ended December 31, 2013, 1% increase	$ 151
Effect on total service and interest cost components for the year ended December 31, 2013, 1% decrease	(118)
Effect on post-retirement benefit obligation at December 31, 2013, 1% increase	2,670
Effect on post-retirement benefit obligation at December 31, 2013, 1% decrease	$ (2,167)

Defined Benefit Plans Details Textual (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Contribution to defined benefit pension plan	$ 4,877
Supplemental Contribution Defined Benefit Plan		$ 18,900
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Accumulated Benefit Obligation	1,200,000	1,300,000
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Fair Value of Plan Assets	935,200	864,600
Defined Benefit Plan, Plans with Benefit Obligations in Excess of Plan Assets, Aggregate Benefit Obligation	1,200,000	1,300,000
Defined Benefit Plan, Plans with Benefit Obligations in Excess of Plan Assets, Aggregate Fair Value of Plan Assets	936,800	868,200
Defined Benefit Plan, Estimated Future Employer Contributions in Next Fiscal Year	$ 71,700
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate	11.50%
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 four of the Company’s plans and to 5.25% by 2021 for another plan and remain at those levels thereafter for benefits covered under the plans.
Defined Contribution Plan, Cost Recognized	$ 21,500	$ 19,300	$ 2,400
Common Stock [Member]
Contribution to defined benefit pension plan (in shares)	88,200
Contribution to defined benefit pension plan	$ 0

Gain (Loss) on Derivative Instruments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Unrealized loss on acquisition-related foreign currency derivative	$ 0	$ 0	$ (21,146)
Designated As Hedging Instrument [Member] \| Interest Rate Swap [Member]
Realized loss on Interest Rate Swap	0	(471)	(1,479)
Unrealized Gain (Loss) on Derivatives	0	0	(161)
Designated As Hedging Instrument [Member] \| Foreign currency contracts related to sales
Unrealized Gain (Loss) on Derivatives	3,801	2,120	0
Realized Gain (Loss) on Derivatives	654	2,297	0
Designated As Hedging Instrument [Member] \| Foreign currency contracts related to purchases
Unrealized Gain (Loss) on Derivatives	397	(374)	0
Realized Gain (Loss) on Derivatives	(298)	(475)	0
Designated As Hedging Instrument [Member] \| Net Investment Hedging [Member]
Unrealized Gain (Loss) on Derivatives	(14,261)	(7,783)	0
Not Designated As Hedging Instrument [Member] \| Foreign currency contracts related to sales
Unrealized Gain (Loss) on Derivatives	(762)	778	(204)
Realized Gain (Loss) on Derivatives	1,112	712	152
Not Designated As Hedging Instrument [Member] \| Foreign currency contracts related to purchases
Unrealized Gain (Loss) on Derivatives	1,687	(560)	81
Realized Gain (Loss) on Derivatives	1,359	868	(20)
Not Designated As Hedging Instrument [Member] \| Acquisition Related [Member]
Realized Gain (Loss) on Derivatives	0	(7,177)	0
Unrealized loss on acquisition-related foreign currency derivative	$ 0	$ 0	$ (21,013)

Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Future Claims Period		15 years
Operating Leases, Rent Expense, Net		$ 35.4	$ 39.5	$ 4.9
Purchase Obligation		$ 433.4
Subsidiary 1 [Member]
Future Expected Recovery Percentage		90.00%
Future Expected Asbestos Cost Percentage		10.00%
Indemnification Period					20 years
Funding Requirement Amount		$ 10.0
Pretax Charge	$ 1.8	0.6
Liability for Asbestos and Environmental Claims, Gross, Incurred Loss	18.1	10.8
Insurance Recovery Increase	16.3	$ 10.2
Subsidiary 2 [Member]
Pretax Charge	0.7
Liability for Asbestos and Environmental Claims, Gross, Incurred Loss	4.7
Insurance Recovery Increase	$ 4.0
Asbestos Related Costs Percentage		18.00%

Defined Benefit Plans Defined Benefit Expected Benefit Payments (Details) $ in Thousands	Dec. 31, 2013 USD ($)
Pension Benefits [Member]
2014	$ 91,567
2015	88,857
2016	89,680
2017	92,667
2018	92,292
Thereafter	473,061
Foreign Pension Plans [Member]
2014	60,457
2015	57,878
2016	58,861
2017	62,068
2018	62,029
Thereafter	326,741
Other Post-Retirement Benefits [Member]
2014	2,747
2015	2,558
2016	2,507
2017	2,415
2018	2,276
Thereafter	$ 8,278

Defined Benefit Plans Defined Benefit Plans, Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Pension Benefits [Member]
Net actuarial loss (gain)		$ 196,044	$ 275,211
Prior service cost		0	0
Total		196,044	275,211
Net Actuarial Loss Estimated To Be Recognized As A Component of Net Periodic Benefit Cost in the Next Fiscal Year	$ 6,859
Prior Service Cost Estimated To Be Recognized As A Component of Net Periodic Benefit Cost in the Next Fiscal Year	0
Pension and Other Postretirement Benefit Plans, Amounts that Will be Amortized from Accumulated Other Comprehensive Income (Loss) in Next Fiscal Year	6,859
Other Post-Retirement Benefits [Member]
Net actuarial loss (gain)		(757)	5,676
Prior service cost		1,055	1,303
Total		$ 298	$ 6,979
Net Actuarial Loss Estimated To Be Recognized As A Component of Net Periodic Benefit Cost in the Next Fiscal Year	(9)
Prior Service Cost Estimated To Be Recognized As A Component of Net Periodic Benefit Cost in the Next Fiscal Year	248
Pension and Other Postretirement Benefit Plans, Amounts that Will be Amortized from Accumulated Other Comprehensive Income (Loss) in Next Fiscal Year	$ 239

Fair Value Hierarchy (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Cash equivalents	$ 22,032	$ 133,878
Deferred Compensation Plan Assets	2,414	2,542
Business Acquisition, Contingent Consideration, Potential Cash Payment	6,176	6,517	$ 4,359	$ 0
Deferred Compensation Liability, Current and Noncurrent	2,414	2,542
Assets, Fair Value Disclosure	42,300	146,791
Liabilities, Fair Value Disclosure	14,929	13,734
Fair Value, Inputs, Level 1 [Member]
Cash equivalents	22,032	133,878
Assets, Fair Value Disclosure	22,032	133,878
Fair Value, Inputs, Level 2 [Member]
Deferred Compensation Plan Assets	2,414	2,542
Deferred Compensation Liability, Current and Noncurrent	2,414	2,542
Assets, Fair Value Disclosure	20,268	12,913
Liabilities, Fair Value Disclosure	8,753	7,217
Fair Value, Inputs, Level 3 [Member]
Business Acquisition, Contingent Consideration, Potential Cash Payment	6,176	6,517
Liabilities, Fair Value Disclosure	6,176	6,517
Foreign currency contracts related to sales
Derivative Instruments in Hedges, Assets, at Fair Value	11,241	6,832
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Asset at Fair Value	3,642	2,249
Derivative Instruments in Hedges, Liabilities, at Fair Value	1,126	1,024
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value	3,625	1,693
Foreign currency contracts related to sales \| Fair Value, Inputs, Level 2 [Member]
Derivative Instruments in Hedges, Assets, at Fair Value	11,241	6,832
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Asset at Fair Value	3,642	2,249
Derivative Instruments in Hedges, Liabilities, at Fair Value	1,126	1,024
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value	3,625	1,693
Foreign currency contracts related to purchases
Derivative Instruments in Hedges, Assets, at Fair Value	428	213
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Asset at Fair Value	2,543	1,077
Derivative Instruments in Hedges, Liabilities, at Fair Value	742	896
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value	846	1,062
Foreign currency contracts related to purchases \| Fair Value, Inputs, Level 2 [Member]
Derivative Instruments in Hedges, Assets, at Fair Value	428	213
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Asset at Fair Value	2,543	1,077
Derivative Instruments in Hedges, Liabilities, at Fair Value	742	896
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value	$ 846	$ 1,062

Notional Values (Details) - USD ($) $ in Thousands	Dec. 31, 2013	Dec. 31, 2012
Total foreign currency derivatives	$ 771,417	$ 698,528
Not Designated As Hedging Instrument [Member]
Foreign currency contracts sold	244,755	301,185
Foreign currency contracts purchased	273,714	121,741
Designated As Hedging Instrument [Member]
Foreign currency contracts sold	206,220	238,537
Foreign currency contracts purchased	$ 46,728	$ 37,065

Financial Instruments and Fair Value Measurements (Details Textual) - USD ($) $ in Billions	Dec. 31, 2013	Dec. 31, 2012
Financial Instruments and Fair Value Measurements [Abstract]
Long-term Debt, Fair Value	$ 1.5	$ 1.7

Commitments and Contingencies Operating Lease (Details 2) $ in Thousands	Dec. 31, 2013 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2014	$ 36,465
2015	23,508
2016	16,642
2017	12,742
2018	11,829
Thereafter	55,945
Total	$ 157,131

Label	Element	Value
Other Postretirement Benefit Plans, Defined Benefit [Member] \| All Plans [Member]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate	3.40%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate	4.40%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets	0.00%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets	0.00%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets	0.00%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate	4.30%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate	5.20%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate	3.50%
Other Postretirement Benefit Plans, Defined Benefit [Member] \| Foreign Plans [Member]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate	0.00%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate	0.00%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease	0.00%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease	0.00%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets	0.00%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets	0.00%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets	0.00%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease	0.00%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease	0.00%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease	0.00%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate	0.00%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate	0.00%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate	0.00%
Pension Plans, Defined Benefit [Member] \| All Plans [Member]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate	4.40%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate	4.00%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets	7.70%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets	5.30%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets	5.10%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate	4.00%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate	5.00%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate	4.60%
Pension Plans, Defined Benefit [Member] \| Foreign Plans [Member]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate	4.20%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate	4.40%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease	1.60%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease	1.50%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets	4.30%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets	4.70%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets	4.50%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease	1.50%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease	1.30%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease	2.60%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate	5.10%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate	4.70%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	us-gaap_DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate	4.20%