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DOCUMENT AND ENTITY INFORMATION	9 Months Ended
DOCUMENT AND ENTITY INFORMATION	Sep. 26, 2014 shares
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	123,686,331
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 26, 2014
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2014

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

3 Months Ended

9 Months Ended

Sep. 26, 2014

Sep. 27, 2013

Sep. 26, 2014

Sep. 27, 2013

Income Statement [Abstract]

Net sales

$ 1,164,453

$ 1,014,570

$ 3,418,120

$ 3,035,831

Cost of sales

791,258

694,276

2,331,122

2,086,990

Gross profit

373,195

320,294

1,086,998

948,841

Selling, general and administrative expense

245,441

208,759

756,052

644,636

Restructuring and other related charges

^[1]

8,948

8,737

28,734

17,428

Operating income

118,806

102,798

302,212

286,777

Interest expense

^[1]

14,935

17,536

40,881

58,879

Income before income taxes

^[1]

103,871

85,262

261,331

227,898

Provision for (benefit from) income taxes

22,568

19,787

(73,153)

62,948

Net income

81,303

65,475

334,484

164,950

Less: income attributable to noncontrolling interest, net of taxes

7,914

10,000

22,520

23,448

Net income attributable to Colfax Corporation

73,389

55,475

311,964

141,502

Dividends on preferred stock

5,086

2,348

15,254

Preferred stock conversion inducement payment

19,565

Net income available to Colfax Corporation common shareholders

$ 73,389

$ 50,389

$ 290,051

$ 126,248

Net income per share - basic

$ 0.59

$ 0.49

$ 2.41

$ 1.25

Net income per share - diluted

$ 0.59

$ 0.48

$ 2.38

$ 1.23

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

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Statement of Comprehensive Income [Abstract]
Net income	$ 81,303	$ 65,475	$ 334,484	$ 164,950
Other comprehensive (loss) income:
Foreign currency translation, net of tax of $0, $(179), $0 and $(803)	(203,135)	120,961	(162,253)	(52,992)
Unrealized gain (loss) on hedging activities, net of tax of $3,226, $808, $3,351 and $165	16,315	(8,001)	19,439	(4,576)
Changes in deferred tax related to pension and other postretirement benefit cost	0	0	1,934	0
Amounts reclassified from Accumulated other comprehensive loss:
Net pension and other postretirement benefit cost, net of tax of $2,153, $183, $2,458 and $537	(289)	2,583	3,345	7,740
Other comprehensive (loss) income	(187,109)	115,543	(137,535)	(49,828)
Comprehensive (loss) income	(105,806)	181,018	196,949	115,122
Less: comprehensive income attributable to noncontrolling interest	1,844	6,645	15,354	7,595
Comprehensive (loss) income attributable to Colfax Corporation	$ (107,650)	$ 174,373	$ 181,595	$ 107,527

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

3 Months Ended

9 Months Ended

Sep. 26, 2014

Sep. 27, 2013

Sep. 26, 2014

Sep. 27, 2013

Statement of Comprehensive Income [Abstract]

Foreign currency translation, tax

$ 0

$ (179)

$ 0

$ (803)

Unrealized gain (loss) on hedging activities, tax

3,226

808

3,351

165

Net pension and other postretirement benefit cost, tax

^[1]

$ 2,153

$ 183

$ 2,458

$ 537

[1]	Included in the computation of net periodic benefit (income) cost. See Note 11, “Net Periodic Benefit Cost - Defined Benefit Plans” for additional details.

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 26, 2014	Dec. 31, 2013
ASSETS
Cash and cash equivalents	$ 286,620	$ 311,301
Trade receivables, less allowance for doubtful accounts of $28,221 and $31,282	1,099,494	1,029,718
Inventories, net	522,361	445,153
Other current assets	309,597	351,124
Total current assets	2,218,072	2,137,296
Property, plant and equipment, net	772,115	756,507
Goodwill	2,947,286	2,391,270
Intangible assets, net	1,106,884	832,553
Other assets	484,958	471,423
Total assets	7,529,315	6,589,049
LIABILITIES AND EQUITY
Current portion of long-term debt	73,695	29,449
Accounts payable	778,846	862,125
Accrued liabilities	516,244	489,221
Total current liabilities	1,368,785	1,380,795
Long-term debt, less current portion	1,608,165	1,457,642
Other liabilities	1,015,270	1,009,489
Total liabilities	3,992,220	3,847,926
Equity:
Preferred stock, $0.001 par value; 20,000,000 shares authorized; none and 13,877,552 issued and outstanding	0	14
Common stock, $0.001 par value; 400,000,000 shares authorized; 123,686,331 and 101,921,613 issued and outstanding	124	102
Additional paid-in capital	3,194,896	2,541,005
Retained earnings	309,427	19,376
Accumulated other comprehensive loss	(177,911)	(46,600)
Total Colfax Corporation equity	3,326,536	2,513,897
Noncontrolling interest	210,559	227,226
Total equity	3,537,095	2,741,123
Total liabilities and equity	$ 7,529,315	$ 6,589,049

CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] - USD ($) $ in Thousands	Sep. 26, 2014	Dec. 31, 2013
Trade receivables, allowance for doubtful accounts	$ 28,221	$ 31,282
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	0	13,877,552
Preferred Stock, Shares Outstanding	0	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	123,686,331	101,921,613
Common Stock, Shares, Outstanding	123,686,331	101,921,613

CONDENSED CONSOLIDATED STATEMENT OF EQUITY - 9 months ended Sep. 26, 2014 - USD ($) $ in Thousands	Total	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Noncontrolling Interest [Member]
Balance at Dec. 31, 2013	$ 2,741,123	$ 102	$ 14	$ 2,541,005	$ 19,376	$ (46,600)	$ 227,226
Shares, Outstanding at Dec. 31, 2013		101,921,613	13,877,552
Net Income Attributable to Parent	311,964				311,964
Net Income Attributable to Noncontrolling Interest	22,520						22,520
Net Income	334,484
Distributions to noncontrolling owners	(6,639)						(6,639)
Acquisition of shares held by noncontrolling interest	(10,338)			15,986		(942)	(25,382)
Preferred stock dividend	(2,348)				(2,348)
Common Shares, Converted from Preferred, Value		$ 12		2
Common Shares, Converted from Preferred		12,173,291
Preferred Shares, Converted into Common, Value			$ (14)
Preferred Shares, Converted into Common			(13,877,552)
Preferred stock conversion inducement payment	(19,565)				(19,565)
Other comprehensive loss, net of tax of $3.9 million	(137,535)					(130,369)	(7,166)
Common stock issuance, net of costs of $22.1 million	$ 610,363	$ 9		610,354
Common stock issuance, shares	9,200,000	9,200,000
Common stock-based award activity	$ 15,700			15,700
Common stock-based award activity (in shares)		208,427
Contribution to defined benefit pension plan	$ 11,850	$ 1		11,849
Contribution to defined benefit pension plan (in shares)	183,000	183,000
Shares, Outstanding at Sep. 26, 2014		123,686,331	0
Balance at Sep. 26, 2014	$ 3,537,095	$ 124	$ 0	$ 3,194,896	$ 309,427	$ (177,911)	$ 210,559

CONDENSED CONSOLIDATED STATEMENT OF EQUITY Statement of Stockholders' Equity [Parenthetical] $ in Millions	9 Months Ended
	Sep. 26, 2014 USD ($)
Statement of Stockholders' Equity [Parenthetical] [Abstract]
Equity issuance costs	$ 22.1
Other comprehensive loss, tax	$ 3.9

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013
Statement of Cash Flows [Abstract]
Net income	$ 334,484	$ 164,950
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and impairment charges	129,448	86,624
Stock-based compensation expense	13,081	9,788
Non-cash interest expense	6,990	15,024
Deferred income tax (benefit) provision	(151,788)	4,780
Changes in operating assets and liabilities, net of acquisitions:
Trade receivables, net	(38,666)	(114,731)
Inventories, net	5,200	22,492
Accounts payable	(82,874)	46,841
Changes in other operating assets and liabilities	(14,353)	(48,923)
Net cash provided by operating activities	201,522	186,845
Cash flows from investing activities:
Purchases of fixed assets, net	(59,050)	(50,915)
Acquisition, net of cash acquired	(948,800)	(13,722)
Net cash used in investing activities	(1,007,850)	(64,637)
Cash flows from financing activities:
Borrowings under term credit facility	150,000	50,861
Payments under term credit facility	0	(274,695)
Proceeds from borrowings on revolving credit facilities	1,093,151	182,688
Repayments of borrowings on revolving credit facilities	(1,023,565)	(192,393)
Proceeds from issuance of common stock, net	612,982	323,289
Preferred stock conversion inducement payment	(19,565)	0
Payments of dividend on preferred stock	(3,853)	(15,310)
Other	(22,250)	(30,066)
Net cash provided by financing activities	786,900	44,374
Effect of foreign exchange rates on Cash and cash equivalents	(5,253)	(9,776)
(Decrease) increase in Cash and cash equivalents	(24,681)	156,806
Cash and cash equivalents, beginning of period	311,301	482,449
Cash and cash equivalents, end of period	$ 286,620	$ 639,255

General (Text Block)	9 Months Ended
General (Text Block)	Sep. 26, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	General 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. The Condensed Consolidated Financial Statements included in this quarterly report have been prepared by the Company in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements. The Condensed Consolidated Balance Sheet as of December 31, 2013 is derived from the Company’s audited financial statements. During the nine months ended September 26, 2014, adjustments were made retrospectively to provisional amounts recorded as of December 31, 2013, primarily due to the Company’s valuation of specific items related to acquisitions that occurred in the three months ended December 31, 2013. See Note 3, “Acquisitions” for additional information regarding these adjustments. Certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been omitted in accordance with the SEC’s rules and regulations for interim financial statements. The Condensed Consolidated Financial Statements included herein should be read in conjunction with the audited financial statements and related footnotes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 (the “2013 Form 10-K”), filed with the SEC on February 12, 2014. The Condensed Consolidated Financial Statements reflect, in the opinion of management, all adjustments, which consist solely of normal recurring adjustments, necessary to present fairly the Company’s financial position and results of operations as of and for the periods indicated. Significant intercompany transactions and accounts are eliminated in consolidation. The Company makes certain estimates and assumptions in preparing its Condensed 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 Condensed Consolidated Financial Statements and the reported amounts of revenues and expenses for the periods presented. Actual results may differ from those estimates. In February 2014, the Venezuelan government introduced an additional auction-based foreign exchange system (“SICAD II”) which began operating on March 24, 2014. As there are multiple legal mechanisms in Venezuela to exchange currency, the Company has determined the SICAD II to be the most appropriate rate with which to remeasure the Company’s Venezuelan operations. The adoption of the SICAD II resulted in an 87% devaluation relative to the U.S. dollar from the previously used official rate of 6.3 bolivar fuerte to the U.S. dollar. As of and for the three and nine months ended September 26, 2014 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 $0.6 million in the Condensed Consolidated Balance Sheet as of September 26, 2014. The change in exchange rates resulted in a foreign currency transaction loss of $6.3 million recognized in Selling, general and administrative expense in the Condensed Consolidated Statement of Operations for the nine months ended September 26, 2014. The results of operations for the three and nine months ended September 26, 2014 are not necessarily indicative of the results of operations that may be achieved for the full year. Quarterly results are affected by seasonal variations in the Company’s business. As our gas- and fluid-handling customers seek to fully utilize capital spending budgets before the end of the year, historically our shipments have peaked during the fourth quarter. Also, all of our European operations typically experience a slowdown during the July and August holiday season. General economic conditions may, however, impact future seasonal variations.

- Definition

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

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+ Details

Recently Issued Accounting Pronouncements (Text Block)	9 Months Ended
Recently Issued Accounting Pronouncements (Text Block)	Sep. 26, 2014
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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. The adoption of ASU No. 2013-11 during the nine months ended September 26, 2014 did not have a material impact on the Company’s Condensed Consolidated Balance Sheet. As of September 26, 2014, $32.4 million of unrecognized tax benefit was presented as a reduction to the Company’s deferred tax asset, which is included in Other assets in the Condensed Consolidated Balance Sheet. As ASU No. 2013-11 was not adopted retrospectively, $9.2 million of unrecognized tax benefits are included in Other liabilities in the Condensed Consolidated Balance Sheet as of December 31, 2013. In April 2014, the FASB issued ASU No. 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360)—Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity” (“ASU No. 2014-08”). ASU No. 2014-08 changes the requirements for reporting discontinued operations. Under ASU No. 2014-08, only disposals representing a strategic shift in operations and have a major effect on the entity’s operations and financial results should be presented as discontinued operations. Additionally, ASU No. 2014-08 requires expanded disclosures about discontinued operations. ASU No. 2014-08 is effective prospectively for fiscal years beginning after December 15, 2014, with early adoption permitted for disposals that have not been reported in financial statements previously issued. The Company will apply the provisions of ASU No. 2014-08 to future reporting of discontinued operations. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU No. 2014-09”). ASU No. 2014-09 clarifies the principles for recognizing revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance affects entities that enter into contracts with customers to transfer goods or services, and supersedes prior GAAP guidance, namely Accounting Standards Codification Topic 605—Revenue Recognition. ASU No. 2014-09 is effective for fiscal years beginning after December 15, 2016, and is to be applied retrospectively, or on a modified retrospective basis. Early adoption is not permitted. The Company is currently evaluating the impact of adopting ASU No. 2014-09 on its Consolidated Financial Statements.

Acquisitions (Text Block)

9 Months Ended

Sep. 26, 2014

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

Acquisitions

Victor Technologies Holdings, Inc.

On April 14, 2014, Colfax completed the acquisition of the common stock of Victor Technologies Holdings, Inc. (“Victor”) for total net cash consideration of $948.8 million, including the assumption of debt, subject to certain adjustments (the “Victor Acquisition”). Victor is a global manufacturer of cutting, gas control and specialty welding solutions. The acquisition will complement the geographic footprint of our fabrication technology segment, as well as expand our product portfolio into new segments and applications.

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of the Victor Acquisition. 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, studies and analyses 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. During the measurement period, the Company has made aggregate retrospective adjustments of $9.7 million during the three months ended September 27, 2014, to provisional amounts that were recognized at the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date. The aggregate adjustments decreased the Goodwill balance and primarily relate to the Company’s valuation of intangible assets. Substantially all of the Goodwill recognized is not expected to be deductible for income tax purposes.



	April 14, 2014
	(In thousands)
Trade receivables	$	76,778
Inventories	112,277
Property, plant and equipment	59,281
Goodwill	610,167
Intangible assets	389,700
Accounts payable	(34,271		)
Other assets and liabilities, net	(265,132		)
Consideration, net of cash acquired	$	948,800

The following table summarizes Intangible assets acquired, excluding Goodwill, as of April 14, 2014:



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

Customer relationships	$	291,800	12.83
Acquired technology	18,600		10.00
Other intangible assets	26,000		9.28
Total amortizable intangible assets	$	336,400	12.40
Trade names – indefinite life	$	53,300	n/a

During the period from April 14, 2014 through September 26, 2014, the Company’s Consolidated Statement of Operations included $229.0 million and $25.1 million of Net sales and Net income, respectively, associated with the Victor Acquisition. In connection with the Victor Acquisition, the Company incurred advisory, legal, valuation and other professional service fees of $2.7 million included in Selling, general and administrative expense in the Condensed Consolidated Statement of Operations and $2.7 million of termination payments to Victor executives included in Restructuring and other related charges in the Condensed Consolidated Statement of Operations for the nine months ended September 26, 2014.

Other

During the nine months ended September 26, 2014, the Company completed the $9.5 million acquisition of the remaining ownership of ESAB-SVEL (“Svel”) and the $0.8 million acquisition of the remaining ownership of Howden Thomassen Middle East FCZO (“Howden Middle East”), both of which were less than wholly owned subsidiaries in which the Company increased its controlling interest. As a result of these transactions, the Company increased its ownership of Svel, which is included in the fabrication technology segment, from 51% to 100%, and increased its ownership of Howden Middle East, which is included in the gas- and fluid-handling segment, from 90% to 100%.

During the three months ended December 31, 2013, the Company completed four acquisitions: the global infrastructure and industry division of Fläkt Woods Group, Sistemas Centrales de Lubrication S.A. de C.V., ČKD Kompresory a.s., and certain business units of The New York Blower Company, including TLT-Babcock Inc. and Alphair Ventilating Systems Inc. These four acquisitions were accounted for using the acquisition method of accounting for which the Company is continuing to evaluate the fair value of the assets acquired and liabilities assumed during the measurement period, as certain valuations, studies and analyses are yet to be finalized. During the nine months ended September 26, 2014, the Company retrospectively adjusted provisional amounts with respect to these four acquisitions 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 nine months ended September 26, 2014 of $6.7 million increased the Goodwill balance.

- 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).

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-Topic 805
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1524-128463

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e7000-128479

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4922-128472

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4934-128472

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4926-128472

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1383-128463

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e6996-128479

+ Details

Goodwill and Intangible Assets (Text Block)

9 Months Ended

Sep. 26, 2014

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 nine months ended September 26, 2014 :



	Gas and Fluid Handling			Fabrication Technology			Total
				(In thousands)
Balance, December 31, 2013	$	1,513,772		$	877,498		$	2,391,270
Goodwill attributable to Victor Acquisition	—			610,167			610,167
Impact of foreign currency translation and other	(43,130		)	(11,021		)	(54,151		)
Balance, September 26, 2014	$	1,470,642		$	1,476,644		$	2,947,286

The following table summarizes the Intangible assets, excluding Goodwill:



	September 26, 2014					December 31, 2013
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
	(In thousands)
Trade names – indefinite life	$	430,219	$	—		$	412,341	$	—
Acquired customer relationships	615,627		(75,583		)	353,337		(51,675		)
Acquired technology	118,504		(26,265		)	114,647		(22,757		)
Acquired backlog	68,272		(66,558		)	73,476		(65,919		)
Other intangible assets	53,272		(10,604		)	26,061		(6,958		)
	$	1,285,894	$	(179,010	)	$	979,862	$	(147,309	)

See Note 3, “Acquisitions” for additional information regarding the activity in Goodwill and intangible assets associated with the Victor Acquisition.

During the nine months ended September 26, 2014, an analysis was performed to evaluate certain long-lived and indefinite-lived intangible assets related to a specific operation within the gas- and fluid-handling segment due to the decision to substantially reduce its operations. The analysis determined the long-lived and indefinite-lived intangible assets, primarily consisting of trade names, acquired customer relationships, and acquired technology, were no longer recoverable based upon relief from royalty measurements and projected undiscounted net cash flows. The analysis resulted in a $12.1 million impairment loss, included in Selling, general and administrative expense in the accompanying Condensed Consolidated Statement of Operations for the nine months ended September 26, 2014.

As of September 26, 2014, total amortization expense for amortizable intangible assets is expected to be $58.5 million, $66.9 million, $63.6 million, $59.7 million, $56.6 million and $53.4 million for the years ending December 31, 2014, 2015, 2016, 2017, 2018 and 2019, 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

Net Income Per Share (Text Block)

9 Months Ended

Sep. 26, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Net Income Per Share

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



	Three Months Ended				Nine Months Ended
	September 26, 2014		September 27, 2013		September 26, 2014		September 27, 2013
	(In thousands, except share data)
Computation of Net income per share - basic:
Net income available to Colfax Corporation common shareholders	$	73,389	$	50,389	$	290,051	$	126,248
Less: net income attributable to participating securities⁽¹⁾	—		—		—		(3,740		)
	$	73,389	$	50,389	$	290,051	$	122,508
Weighted-average shares of Common stock outstanding - basic	123,841,699		101,977,511		120,163,945		98,185,166
Net income per share - basic	$	0.59	$	0.49	$	2.41	$	1.25
Computation of Net income per share - diluted:
Net income available to Colfax Corporation common shareholders	$	73,389	$	50,389	$	290,051	$	126,248
Less: net income attributable to participating securities⁽¹⁾	—		—		—		(3,740		)
Add: dividends on preferred stock⁽¹⁾	—		5,086		—		—
	$	73,389	$	55,475	$	290,051	$	122,508
Weighted-average shares of Common stock outstanding - basic	123,841,699		101,977,511		120,163,945		98,185,166
Net effect of potentially dilutive securities - stock options and restricted stock units	1,538,867		1,233,867		1,605,381		1,096,504
Net effect of potentially dilutive securities - convertible preferred stock⁽¹⁾	—		12,173,291		—		—
Weighted-average shares of Common stock outstanding - diluted	125,380,566		115,384,669		121,769,326		99,281,670
Net income per share - diluted	$	0.59	$	0.48	$	2.38	$	1.23

⁽¹⁾Net income per share - diluted for periods prior to April 23, 2013 was calculated consistently with the two-class method in accordance with GAAP as the outstanding shares of Series A Perpetual Convertible Preferred Stock were considered participating securities. Subsequent to April 23, 2013 and prior to February 12, 2014, Net income per share - diluted was calculated consistently with the if-converted method in accordance with GAAP until the outstanding shares of Series A Perpetual Convertible Preferred Stock were converted to Common stock. However, for the nine months ended September 27, 2013, the calculation under this method was anti-dilutive. In addition, weighted-average shares outstanding - diluted for the nine months ended September 26, 2014 excludes the weighted average effect of 1.9 million Common stock equivalents for the period from January 1, 2014 through February 12, 2014, as their inclusion would be anti-dilutive. See Note 7, “Equity” for further discussion of the Series A Perpetual Convertible Preferred Stock conversion.

The weighted-average computation of the dilutive effect of potentially issuable shares of Common stock under the treasury stock method for the three months ended September 26, 2014 and September 27, 2013 excludes approximately 1.0 million and 0.6 million of outstanding stock-based compensation awards, respectively, as their inclusion 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 both the nine months ended September 26, 2014 and September 27, 2013 excludes approximately 0.7 million of outstanding stock-based compensation awards as their inclusion would be anti-dilutive.

Equity (Text Block)

9 Months Ended

Sep. 26, 2014

Equity [Abstract]

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

Equity

Common Stock

On January 15, 2014, the Company contributed 183,000 shares of newly issued Colfax Common stock to its U.S. defined benefit pension plan.

On February 20, 2014, the Company sold 9,200,000 shares of newly issued Colfax Common stock to underwriters for public resale pursuant to a shelf registration statement for an aggregate purchase price of $632.5 million. In conjunction with this issuance, the Company recognized $22.1 million in equity issuance costs, which were recorded as a reduction to Additional paid-in capital during the nine months ended September 26, 2014.

Preferred Stock

The Company entered into a Conversion Agreement with BDT CF Acquisition Vehicle, LLC (the “BDT Investor”), pursuant to which the BDT Investor exercised its option to convert 13,877,552 shares of Series A Perpetual Convertible Preferred Stock into 12,173,291 shares of the Company’s Common stock plus cash in lieu of a .22807018 share interest, which conversion occurred on February 12, 2014. As consideration for the BDT Investor’s agreement to exercise its optional conversion right, the Company paid approximately $23.4 million to the BDT Investor, of which $19.6 million represents the Preferred stock conversion inducement payment in the Condensed Consolidated Statement of Operations for the nine months ended September 26, 2014.

Accumulated Other Comprehensive Loss

The following tables present the changes in the balances of each component of Accumulated other comprehensive loss including reclassifications out of Accumulated other comprehensive loss for the nine months ended September 26, 2014 and September 27, 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) Gain On Hedging Activities			Total
	(In thousands)

Balance at January 1, 2014	$	(159,795	)	$	127,604		$	(14,409	)	$	(46,600	)
Acquisition of shares held by noncontrolling interest	—			(942		)	—			(942		)
Other comprehensive income (loss) before reclassifications:
Foreign currency translation adjustment	—			(156,168		)	—			(156,168		)
Gain on long-term intra-entity foreign currency transactions	—			1,083			—			1,083
Gain on net investment hedges	—			—			25,013			25,013
Unrealized loss on cash flow hedges	—			—			(5,576		)	(5,576		)
Other	1,934			—			—			1,934
Other comprehensive income (loss) before reclassifications	1,934			(155,085		)	19,437			(133,714		)
Amounts reclassified from Accumulated other comprehensive loss	3,345			—			—			3,345
Net current period Other comprehensive income (loss)	5,279			(155,085		)	19,437			(130,369		)
Balance at September 26, 2014	$	(154,516	)	$	(28,423	)	$	5,028		$	(177,911	)



	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)

Balance at January 1, 2013	$	(247,332	)	$	104,718		$	(3,980	)	$	(146,594	)
Acquisition of shares held by noncontrolling interest	—			(381		)	—			(381		)
Other comprehensive loss before reclassifications:
Foreign currency translation adjustment	—			(42,706		)	—			(42,706		)
Gain on long-term intra-entity foreign currency transactions	—			5,546			—			5,546
Loss on net investment hedges	—			—			(6,299		)	(6,299		)
Unrealized gain on cash flow hedges	—			—			1,744			1,744
Other comprehensive loss before reclassifications	—			(37,160		)	(4,555		)	(41,715		)
Amounts reclassified from Accumulated other comprehensive loss	7,740			—			—			7,740
Net current period Other comprehensive income (loss)	7,740			(37,160		)	(4,555		)	(33,975		)
Balance at September 27, 2013	$	(239,592	)	$	67,177		$	(8,535	)	$	(180,950	)

The effect on Net income of amounts reclassified out of each component of Accumulated other comprehensive loss for the three and nine months ended September 26, 2014 and September 27, 2013 is as follows:



	Three Months Ended September 26, 2014								Nine Months Ended September 26, 2014
	Amounts Reclassified From Accumulated Other Comprehensive Loss		Tax Benefit			Total			Amounts Reclassified From Accumulated Other Comprehensive Loss		Tax Benefit			Total
	(In thousands)

Pension and other post-retirement benefit cost:
Amortization of net loss⁽¹⁾	$	1,801	$	(2,153	)	$	(352	)	$	5,616	$	(2,458	)	$	3,158
Amortization of prior service cost⁽¹⁾	63		—			63			187		—			187
	$	1,864	$	(2,153	)	$	(289	)	$	5,803	$	(2,458	)	$	3,345



	Three Months Ended September 27, 2013							Nine Months Ended September 27, 2013
	Amounts Reclassified From Accumulated Other Comprehensive Loss		Tax Benefit			Total		Amounts Reclassified From Accumulated Other Comprehensive Loss		Tax Benefit			Total
	(In thousands)

Pension and other post-retirement benefit cost:
Amortization of net loss⁽¹⁾	$	2,704	$	(183	)	$	2,521	$	8,091	$	(537	)	$	7,554
Amortization of prior service cost⁽¹⁾	62		—			62		186		—			186
	$	2,766	$	(183	)	$	2,583	$	8,277	$	(537	)	$	7,740

⁽¹⁾Included in the computation of net periodic benefit (income) cost. See Note 11, “Net Periodic Benefit Cost - Defined Benefit Plans” for additional details.

During the nine months ended September 26, 2014 and September 27, 2013, Noncontrolling interest decreased by $7.2 million and $15.9 million, respectively, as a result of Other comprehensive loss, primarily due to foreign currency translation adjustment.

Income Taxes (Text Block)	9 Months Ended
Income Taxes (Text Block)	Sep. 26, 2014
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes During the three months ended September 26, 2014, Income before income taxes was $103.9 million and the Provision for income taxes was $22.6 million. The effective tax rate of 21.7% for the three months ended September 26, 2014 differs from the U.S. federal statutory rate primarily due to international tax rates, which are lower than the U.S. tax rate, and a decrease in the valuation allowance against U.S. pre-tax income during the period. Income before income taxes was $261.3 million and the Benefit from income taxes was $73.2 million for the nine months ended September 26, 2014. The Benefit from income taxes for the nine months ended September 26, 2014 was impacted by the reassessment of the realizability of certain deferred tax assets as a result of the effect of the Victor Acquisition on expected future income. This reassessment resulted in a decrease in the Company’s valuation allowance against U.S. deferred tax assets. The reduction in the valuation allowance created a non-cash income tax benefit for the nine months ended September 26, 2014 of approximately $120 million. Additionally, a tax benefit of $22.7 million was included in Benefit from income taxes in the Condensed Consolidated Statements of Operations for the nine months ended September 26, 2014 associated with the resolution of a liability for unrecognized tax benefits. These items are the principal reasons for a tax benefit rather than a tax provision, which would result from the application of the U.S. federal statutory rate to the reported Income before income taxes for the nine months ended September 26, 2014. During the three months ended September 27, 2013, Income before income taxes was $85.3 million and the Provision for income taxes was $19.8 million. The effective tax rate of 23.2% for the three months ended September 27, 2013 differs from the U.S. federal statutory rate primarily due to international tax rates, which are lower than the U.S. tax rate, and a discrete credit to income tax expense of $5.1 million from a reduction to deferred tax balances in certain territories associated with the enactment of lower corporate tax rates, which were offset in part by losses in certain jurisdictions where a tax benefit was not expected to be recognized in 2013. During the nine months ended September 27, 2013, Income before income taxes was $227.9 million and the Provision for income taxes was $62.9 million. The effective tax rate of 27.6% for the nine months ended September 27, 2013 differs from the U.S. federal statutory rate primarily due to international tax rates, which are lower than the U.S. tax rate, and a discrete credit to income tax expense of $5.1 million from a reduction to deferred tax balances in certain territories associated with the enactment of lower corporate tax rates and the resolution of a liability for unrecognized tax benefits, which resulted in a gain of $2.3 million, all of which were offset in part by other discrete tax items and losses in certain jurisdictions where a tax benefit was not expected to be recognized in 2013.

Inventories, Net (Text Block)

9 Months Ended

Sep. 26, 2014

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

Inventories, Net

Inventories, net consisted of the following:



	September 26, 2014			December 31, 2013
	(In thousands)
Raw materials	$	182,592		$	145,689
Work in process	93,423			114,206
Finished goods	285,269			222,109
	561,284			482,004
Less: customer progress payments	(5,183		)	(4,078		)
Less: allowance for excess, slow-moving and obsolete inventory	(33,740		)	(32,773		)
Inventories, net	$	522,361		$	445,153

Debt (Text Block)

9 Months Ended

Sep. 26, 2014

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

Debt

Long-term debt consisted of the following:



	September 26, 2014			December 31, 2013
	(In thousands)
Term loans	$	1,242,145		$	1,115,238
Revolving credit facilities and other	439,715			371,853
Total Debt	1,681,860			1,487,091
Less: current portion	(73,695		)	(29,449		)
Long-term debt	$	1,608,165		$	1,457,642

The Company is party to 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, as amended (the “Deutsche Bank Credit Agreement”).

On May 14, 2014, the Company entered into an Incremental Amendment to the Term A-1 facility under the Deutsche Bank Credit Agreement, as amended. Pursuant to the Incremental Amendment, the borrowing capacity of the Term A-1 facility was increased by $150.0 million to an aggregate of $558.7 million, upon the same terms as the existing Term A-1 facility.

The Company had an original issue discount of $13.7 million and deferred financing fees of $10.5 million included in its Condensed Consolidated Balance Sheet as of September 26, 2014, which will be accreted to Interest expense primarily using the effective interest method, over the life of the Deutsche Bank Credit Agreement. As of September 26, 2014, the weighted-average interest rate of borrowings under the amended Deutsche Bank Credit Agreement was 1.94%, excluding accretion of original issue discount, and there was $484.9 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 $773.1 million. Total letters of credit of $382.4 million were outstanding as of September 26, 2014.

As of September 26, 2014, the Company is in compliance with the covenants under the Deutsche Bank Credit Agreement.

Accrued Liabilities (Text Block)

9 Months Ended

Sep. 26, 2014

Accrued Liabilities [Abstract]

Accrued Liabilities Disclosure [Text Block]

Accrued Liabilities

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



	September 26, 2014		December 31, 2013
	(In thousands)
Accrued payroll	$	137,362	$	136,645
Advance payment from customers	45,932		53,280
Accrued taxes and deferred tax liability - current portion	104,372		75,274
Accrued asbestos-related liability	54,707		51,142
Warranty liability - current portion	49,701		54,977
Accrued restructuring liability - current portion	6,816		12,856
Accrued third-party commissions	12,131		13,095
Other	105,223		91,952
Accrued liabilities	$	516,244	$	489,221

Warranty Liability

The activity in the Company’s warranty liability consisted of the following:



	Nine Months Ended
	September 26, 2014			September 27, 2013
	(In thousands)
Warranty liability, beginning of period	$	61,472		$	40,437
Accrued warranty expense	14,814			16,633
Changes in estimates related to pre-existing warranties	(4,612		)	(693		)
Cost of warranty service work performed	(20,111		)	(14,862		)
Acquisitions	4,488			—
Foreign exchange translation effect	(2,741		)	(476		)
Warranty liability, end of period	$	53,310		$	41,039

Accrued Restructuring Liability

The Company’s restructuring programs include a series of restructuring actions to reduce the structural costs of the Company.

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



	Nine Months Ended September 26, 2014
	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⁾	$	3,638	$	5,864	$	(8,213	)	$	(130	)	$	1,159
Facility closure costs⁽²⁾	756		2,889		(3,496		)	(37		)	112
	4,394		8,753		(11,709		)	(167		)	1,271
Non-cash impairment			2,863
			11,616
Fabrication Technology:
Termination benefits⁽¹⁾	7,033		15,698		(17,116		)	(257		)	5,358
Facility closure costs⁽²⁾	1,429		1,420		(2,412		)	(131		)	306
	8,462		17,118		(19,528		)	(388		)	5,664
Corporate and Other:
Facility closure costs⁽²⁾	1,259		—		(252		)	(21		)	986
	1,259		—		(252		)	(21		)	986
	$	14,115	25,871		$	(31,489	)	$	(576	)	$	7,921
Non-cash impairment			2,863
			$	28,734

⁽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 September 26, 2014, $6.8 million and $1.1 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 $20 million during the remainder of 2014 related to these restructuring activities.

Net Periodic Benefit Cost-Defined Benefit Plans (Text Block)

9 Months Ended

Sep. 26, 2014

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

Net Periodic Benefit Cost - Defined Benefit Plans

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



	Three Months Ended						Nine Months Ended
	September 26, 2014			September 27, 2013			September 26, 2014			September 27, 2013
	(In thousands)
Pension Benefits-U.S. Plans:
Service cost	$	—		$	—		$	—		$	—
Interest cost	4,796			4,352			14,118			13,126
Expected return on plan assets	(6,180		)	(6,192		)	(18,114		)	(18,611		)
Amortization	1,298			1,964			3,894			5,891
Net periodic benefit (income) cost	$	(86	)	$	124		$	(102	)	$	406

Pension Benefits-Non U.S. Plans:
Service cost	$	1,127		$	598		$	3,039		$	2,420
Interest cost	12,717			11,089			37,804			33,293
Expected return on plan assets	(10,937		)	(8,295		)	(32,580		)	(24,785		)
Amortization	456			626			1,579			1,857
Net periodic benefit cost	$	3,363		$	4,018		$	9,842		$	12,785

Other Post-Retirement Benefits:
Service cost	$	21		$	32		$	94		$	122
Interest cost	288			229			871			731
Amortization	110			176			330			529
Net periodic benefit cost	$	419		$	437		$	1,295		$	1,382

Financial Instruments and Fair Value Measurements (Text Block)

9 Months Ended

Sep. 26, 2014

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 carrying values of financial instruments, including Trade receivables and Accounts payable, approximate their fair values due to their short-term maturities. The estimated fair value of the Company’s debt of $1.7 billion and $1.5 billion as of September 26, 2014 and December 31, 2013, 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:



	September 26, 2014
	Level One		Level Two		Level Three		Total
	(In thousands)
Assets:
Cash equivalents	$	23,263	$	—	$	—	$	23,263
Foreign currency contracts related to sales - designated as hedges	—		6,611		—		6,611
Foreign currency contracts related to sales - not designated as hedges	—		1,033		—		1,033
Foreign currency contracts related to purchases - designated as hedges	—		1,661		—		1,661
Foreign currency contracts related to purchases - not designated as hedges	—		515		—		515
Deferred compensation plans	—		2,798		—		2,798
	$	23,263	$	12,618	$	—	$	35,881

Liabilities:
Foreign currency contracts related to sales - designated as hedges	$	—	$	4,216	$	—	$	4,216
Foreign currency contracts related to sales - not designated as hedges	—		2,591		—		2,591
Foreign currency contracts related to purchases - designated as hedges	—		969		—		969
Foreign currency contracts related to purchases - not designated as hedges	—		3,125		—		3,125
Deferred compensation plans	—		2,798		—		2,798
Liability for contingent payments	—		—		2,948		2,948
	$	—	$	13,699	$	2,948	$	16,647



	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

There were no transfers in or out of Level One, Two or Three during the nine months ended September 26, 2014.

Foreign Currency Contracts

As of September 26, 2014 and December 31, 2013, the Company had foreign currency contracts with the following notional values:



	September 26, 2014		December 31, 2013
	(In thousands)
Foreign currency contracts sold - not designated as hedges	$	180,181	$	244,755
Foreign currency contracts sold - designated as hedges	190,919		206,220
Foreign currency contracts purchased - not designated as hedges	79,831		273,714
Foreign currency contracts purchased - designated as hedges	62,396		46,728
Total foreign currency derivatives	$	513,327	$	771,417

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



	Three Months Ended						Nine Months Ended
	September 26, 2014			September 27, 2013			September 26, 2014			September 27, 2013
	(In thousands)
Contracts Designated as Hedges:
Foreign Currency Contracts - related to customer sales contracts:
Unrealized (loss) gain	$	(1,054	)	$	3,248		$	(2,212	)	$	2,658
Realized (loss) gain	(3,566		)	3,355			(3,821		)	(116		)
Foreign Currency Contracts - related to supplier purchase contracts:
Unrealized (loss) gain	(1,661		)	908			(1,910		)	(145		)
Realized gain (loss)	2,389			(1,425		)	2,497			76
Unrealized gain (loss) on net investment hedges	20,240			(13,562		)	25,013			(6,299		)
Contracts Not Designated in a Hedge Relationship:
Foreign Currency Contracts - related to customer sales contracts:
Unrealized (loss) gain	(1,539		)	2,765			(1,575		)	1,495
Realized (loss) gain	(1,312		)	1,940			(3,026		)	1,162
Foreign Currency Contracts - related to supplier purchases contracts:
Unrealized gain (loss)	594			63			(1,863		)	513
Realized gain (loss)	77			(1,121		)	1,851			579

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, Inc. (“COT-Puritech”) in December 2011 and Clarus Fluid Intelligence, LLC in July 2013, which are subject to the achievement of certain performance goals.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. During the nine months ended September 26, 2014, the Company made the final cash payment, totaling $3.5 million, to settle the COT-Puritech contingent payment liability.

A summary of activity in the Company’s liability for contingent payments during the nine months ended September 26, 2014 is as follows:



	(In thousands)
Balance at January 1, 2014	$	6,176
Interest accretion	272
Cash payment	(3,500		)
Balance at September 26, 2014	$	2,948

Commitments and Contingencies (Text Block)

9 Months Ended

Sep. 26, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

Commitments and Contingencies

For further description of the Company’s litigation and contingencies, reference is made to Note 15, “Commitments and Contingencies” in the Notes to Consolidated Financial Statements in our 2013 Form 10-K.

Asbestos and Other Product Liability Contingencies

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



	Nine Months Ended
	September 26, 2014		September 27, 2013
	(Number of claims)
Claims unresolved, beginning of period	22,393		23,523
Claims filed⁽²⁾	3,586		3,298
Claims resolved⁽³⁾	(2,916	)	(3,875	)
Claims unresolved, end of period	23,063		22,946

⁽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.

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



	September 26, 2014		December 31, 2013
	(In thousands)
Current asbestos insurance asset⁽¹⁾	$	35,018	$	32,872
Current asbestos insurance receivable⁽¹⁾	33,237		41,943
Long-term asbestos insurance asset⁽²⁾	289,347		299,057
Long-term asbestos insurance receivable⁽²⁾	45,215		21,411
Accrued asbestos liability⁽³⁾	54,707		51,142
Long-term asbestos liability⁽⁴⁾	352,922		358,288

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

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

⁽³⁾Represents current reserves for probable and reasonably estimable asbestos-related liability cost that the Company believes its 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 Condensed

Consolidated Balance Sheets.

⁽⁴⁾Included in Other liabilities in the Condensed Consolidated Balance Sheets.

During the three months ended September 26, 2014, the Company received judicial rulings in two of our subsidiaries’ coverage litigation matters. In the New Jersey case, the Appellate Division affirmed the trial court rulings. In the Delaware case, the Superior Court issued a final judgment concerning the payment obligations of the excess insurers related to a trial that concluded during the year ended December 31, 2012. Appeals have been entered in both of these matters. These rulings did not impact the Company’s Condensed Consolidated Financial Statements.

Due to a higher number of asbestos claims settlements, and a decline in the insurance recovery rate that have occurred for one of the Company’s subsidiaries, the Company recorded a $5.0 million pre-tax charge during the three and nine months ended September 26, 2014. This was partially offset by a reduction of allowances for collectibility of $4.1 million related to insurance receivables of another subsidiary during the three and nine months ended September 26, 2014.

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.

Other Litigation Matters

In March 2014, two alleged stockholders of the Company filed derivative complaints against our directors, the BDT Investor and BDT Capital Partners, LLC in the Court of Chancery of the State of Delaware alleging that the individual defendants engaged in waste and breached their fiduciary duties in connection with the cash payment and conversion pursuant to the Conversion Agreement. The complaints also allege claims against the BDT Investor and BDT Capital Partners, LLC for unjust enrichment and aiding and abetting the individual defendants’ alleged breaches of fiduciary duty. The complaints, which have been consolidated, seek compensatory damages plus interest, and an award of attorneys’ fees and expenses to the plaintiffs. After defendants answered the consolidated complaint, denying all material allegations of wrongdoing, the plaintiffs amended it to dismiss certain of their claims relating to breach of fiduciary duties. Defendants have moved to dismiss the new consolidated complaint. The litigation is in an early stage and is not currently expected to have a material adverse effect on the financial condition, results of operations or cash flow of the Company and the defendants intend to continue to vigorously defend against the claims.

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.

Segment Information (Text Block)

9 Months Ended

Sep. 26, 2014

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

The Company’s segment results were as follows:



	Three Months Ended						Nine Months Ended
	September 26, 2014			September 27, 2013			September 26, 2014			September 27, 2013
	(In thousands)
Net sales:
Gas and fluid handling	$	564,650		$	511,360		$	1,707,539		$	1,453,228
Fabrication technology	599,803			503,210			1,710,581			1,582,603
	$	1,164,453		$	1,014,570		$	3,418,120		$	3,035,831
Segment operating income (loss)⁽¹⁾:
Gas and fluid handling	$	67,261		$	67,413		$	168,949		$	179,341
Fabrication technology	72,152			57,583			203,103			161,478
Corporate and other	(11,659		)	(13,461		)	(41,106		)	(36,614		)
	$	127,754		$	111,535		$	330,946		$	304,205

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



	Three Months Ended				Nine Months Ended
	September 26, 2014		September 27, 2013		September 26, 2014		September 27, 2013
	(In thousands)
Income before income taxes	$	103,871	$	85,262	$	261,331	$	227,898
Interest expense	14,935		17,536		40,881		58,879
Restructuring and other related charges	8,948		8,737		28,734		17,428
Segment operating income	$	127,754	$	111,535	$	330,946	$	304,205

The detail of the Company’s Net sales by product type is as follows:



	Three Months Ended				Nine Months Ended
	September 26, 2014		September 27, 2013		September 26, 2014		September 27, 2013
	(In thousands)
Gas handling	$	402,872	$	349,485	$	1,228,050	$	977,016
Fluid handling	161,778		161,875		479,489		476,212
Welding and cutting	599,803		503,210		1,710,581		1,582,603
Total Net sales	$	1,164,453	$	1,014,570	$	3,418,120	$	3,035,831

The detail of the Company’s Total assets by segment is as follows:



	September 26, 2014		December 31, 2013
	(In thousands)
Total Assets:
Gas and fluid handling	$	3,790,173	$	4,014,002
Fabrication technology	3,730,910		2,526,245
Corporate and other	8,232		48,802
	$	7,529,315	$	6,589,049

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

+ Details

Acquisitions Assets and Liabilities Acquired - Victor (Tables)

9 Months Ended

Sep. 26, 2014

Statement of Financial Position [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]



	April 14, 2014
	(In thousands)
Trade receivables	$	76,778
Inventories	112,277
Property, plant and equipment	59,281
Goodwill	610,167
Intangible assets	389,700
Accounts payable	(34,271		)
Other assets and liabilities, net	(265,132		)
Consideration, net of cash acquired	$	948,800

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

The following table summarizes Intangible assets acquired, excluding Goodwill, as of April 14, 2014:



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

Customer relationships	$	291,800	12.83
Acquired technology	18,600		10.00
Other intangible assets	26,000		9.28
Total amortizable intangible assets	$	336,400	12.40
Trade names – indefinite life	$	53,300	n/a

Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 26, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]

The following table summarizes the activity in Goodwill, by segment, during the nine months ended September 26, 2014 :



	Gas and Fluid Handling			Fabrication Technology			Total
				(In thousands)
Balance, December 31, 2013	$	1,513,772		$	877,498		$	2,391,270
Goodwill attributable to Victor Acquisition	—			610,167			610,167
Impact of foreign currency translation and other	(43,130		)	(11,021		)	(54,151		)
Balance, September 26, 2014	$	1,470,642		$	1,476,644		$	2,947,286

Schedule of Intangible Assets [Table Text Block]

The following table summarizes the Intangible assets, excluding Goodwill:



	September 26, 2014					December 31, 2013
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
	(In thousands)
Trade names – indefinite life	$	430,219	$	—		$	412,341	$	—
Acquired customer relationships	615,627		(75,583		)	353,337		(51,675		)
Acquired technology	118,504		(26,265		)	114,647		(22,757		)
Acquired backlog	68,272		(66,558		)	73,476		(65,919		)
Other intangible assets	53,272		(10,604		)	26,061		(6,958		)
	$	1,285,894	$	(179,010	)	$	979,862	$	(147,309	)

Net Income Per Share (Tables)

9 Months Ended

Sep. 26, 2014

Earnings Per Share [Abstract]

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

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



	Three Months Ended				Nine Months Ended
	September 26, 2014		September 27, 2013		September 26, 2014		September 27, 2013
	(In thousands, except share data)
Computation of Net income per share - basic:
Net income available to Colfax Corporation common shareholders	$	73,389	$	50,389	$	290,051	$	126,248
Less: net income attributable to participating securities⁽¹⁾	—		—		—		(3,740		)
	$	73,389	$	50,389	$	290,051	$	122,508
Weighted-average shares of Common stock outstanding - basic	123,841,699		101,977,511		120,163,945		98,185,166
Net income per share - basic	$	0.59	$	0.49	$	2.41	$	1.25
Computation of Net income per share - diluted:
Net income available to Colfax Corporation common shareholders	$	73,389	$	50,389	$	290,051	$	126,248
Less: net income attributable to participating securities⁽¹⁾	—		—		—		(3,740		)
Add: dividends on preferred stock⁽¹⁾	—		5,086		—		—
	$	73,389	$	55,475	$	290,051	$	122,508
Weighted-average shares of Common stock outstanding - basic	123,841,699		101,977,511		120,163,945		98,185,166
Net effect of potentially dilutive securities - stock options and restricted stock units	1,538,867		1,233,867		1,605,381		1,096,504
Net effect of potentially dilutive securities - convertible preferred stock⁽¹⁾	—		12,173,291		—		—
Weighted-average shares of Common stock outstanding - diluted	125,380,566		115,384,669		121,769,326		99,281,670
Net income per share - diluted	$	0.59	$	0.48	$	2.38	$	1.23

Equity (Tables)

9 Months Ended

Sep. 26, 2014

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Loss [Table Text Block]



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

Balance at January 1, 2014	$	(159,795	)	$	127,604		$	(14,409	)	$	(46,600	)
Acquisition of shares held by noncontrolling interest	—			(942		)	—			(942		)
Other comprehensive income (loss) before reclassifications:
Foreign currency translation adjustment	—			(156,168		)	—			(156,168		)
Gain on long-term intra-entity foreign currency transactions	—			1,083			—			1,083
Gain on net investment hedges	—			—			25,013			25,013
Unrealized loss on cash flow hedges	—			—			(5,576		)	(5,576		)
Other	1,934			—			—			1,934
Other comprehensive income (loss) before reclassifications	1,934			(155,085		)	19,437			(133,714		)
Amounts reclassified from Accumulated other comprehensive loss	3,345			—			—			3,345
Net current period Other comprehensive income (loss)	5,279			(155,085		)	19,437			(130,369		)
Balance at September 26, 2014	$	(154,516	)	$	(28,423	)	$	5,028		$	(177,911	)



	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)

Balance at January 1, 2013	$	(247,332	)	$	104,718		$	(3,980	)	$	(146,594	)
Acquisition of shares held by noncontrolling interest	—			(381		)	—			(381		)
Other comprehensive loss before reclassifications:
Foreign currency translation adjustment	—			(42,706		)	—			(42,706		)
Gain on long-term intra-entity foreign currency transactions	—			5,546			—			5,546
Loss on net investment hedges	—			—			(6,299		)	(6,299		)
Unrealized gain on cash flow hedges	—			—			1,744			1,744
Other comprehensive loss before reclassifications	—			(37,160		)	(4,555		)	(41,715		)
Amounts reclassified from Accumulated other comprehensive loss	7,740			—			—			7,740
Net current period Other comprehensive income (loss)	7,740			(37,160		)	(4,555		)	(33,975		)
Balance at September 27, 2013	$	(239,592	)	$	67,177		$	(8,535	)	$	(180,950	)

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



	Three Months Ended September 26, 2014								Nine Months Ended September 26, 2014
	Amounts Reclassified From Accumulated Other Comprehensive Loss		Tax Benefit			Total			Amounts Reclassified From Accumulated Other Comprehensive Loss		Tax Benefit			Total
	(In thousands)

Pension and other post-retirement benefit cost:
Amortization of net loss⁽¹⁾	$	1,801	$	(2,153	)	$	(352	)	$	5,616	$	(2,458	)	$	3,158
Amortization of prior service cost⁽¹⁾	63		—			63			187		—			187
	$	1,864	$	(2,153	)	$	(289	)	$	5,803	$	(2,458	)	$	3,345



	Three Months Ended September 27, 2013							Nine Months Ended September 27, 2013
	Amounts Reclassified From Accumulated Other Comprehensive Loss		Tax Benefit			Total		Amounts Reclassified From Accumulated Other Comprehensive Loss		Tax Benefit			Total
	(In thousands)

Pension and other post-retirement benefit cost:
Amortization of net loss⁽¹⁾	$	2,704	$	(183	)	$	2,521	$	8,091	$	(537	)	$	7,554
Amortization of prior service cost⁽¹⁾	62		—			62		186		—			186
	$	2,766	$	(183	)	$	2,583	$	8,277	$	(537	)	$	7,740

⁽¹⁾Included in the computation of net periodic benefit (income) cost. See Note 11, “Net Periodic Benefit Cost - Defined Benefit Plans” for additional details.

Inventories, Net (Tables)

9 Months Ended

Sep. 26, 2014

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventories, net consisted of the following:



	September 26, 2014			December 31, 2013
	(In thousands)
Raw materials	$	182,592		$	145,689
Work in process	93,423			114,206
Finished goods	285,269			222,109
	561,284			482,004
Less: customer progress payments	(5,183		)	(4,078		)
Less: allowance for excess, slow-moving and obsolete inventory	(33,740		)	(32,773		)
Inventories, net	$	522,361		$	445,153

Debt (Tables)

9 Months Ended

Sep. 26, 2014

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

Long-term debt consisted of the following:



	September 26, 2014			December 31, 2013
	(In thousands)
Term loans	$	1,242,145		$	1,115,238
Revolving credit facilities and other	439,715			371,853
Total Debt	1,681,860			1,487,091
Less: current portion	(73,695		)	(29,449		)
Long-term debt	$	1,608,165		$	1,457,642

Accrued Liabilities (Tables)

9 Months Ended

Sep. 26, 2014

Schedule of Accrued Liabilities [Table Text Block]

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



	September 26, 2014		December 31, 2013
	(In thousands)
Accrued payroll	$	137,362	$	136,645
Advance payment from customers	45,932		53,280
Accrued taxes and deferred tax liability - current portion	104,372		75,274
Accrued asbestos-related liability	54,707		51,142
Warranty liability - current portion	49,701		54,977
Accrued restructuring liability - current portion	6,816		12,856
Accrued third-party commissions	12,131		13,095
Other	105,223		91,952
Accrued liabilities	$	516,244	$	489,221

Schedule of Product Warranty Liability [Table Text Block]

The activity in the Company’s warranty liability consisted of the following:



	Nine Months Ended
	September 26, 2014			September 27, 2013
	(In thousands)
Warranty liability, beginning of period	$	61,472		$	40,437
Accrued warranty expense	14,814			16,633
Changes in estimates related to pre-existing warranties	(4,612		)	(693		)
Cost of warranty service work performed	(20,111		)	(14,862		)
Acquisitions	4,488			—
Foreign exchange translation effect	(2,741		)	(476		)
Warranty liability, end of period	$	53,310		$	41,039

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

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



	Nine Months Ended September 26, 2014
	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⁾	$	3,638	$	5,864	$	(8,213	)	$	(130	)	$	1,159
Facility closure costs⁽²⁾	756		2,889		(3,496		)	(37		)	112
	4,394		8,753		(11,709		)	(167		)	1,271
Non-cash impairment			2,863
			11,616
Fabrication Technology:
Termination benefits⁽¹⁾	7,033		15,698		(17,116		)	(257		)	5,358
Facility closure costs⁽²⁾	1,429		1,420		(2,412		)	(131		)	306
	8,462		17,118		(19,528		)	(388		)	5,664
Corporate and Other:
Facility closure costs⁽²⁾	1,259		—		(252		)	(21		)	986
	1,259		—		(252		)	(21		)	986
	$	14,115	25,871		$	(31,489	)	$	(576	)	$	7,921
Non-cash impairment			2,863
			$	28,734

⁽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 September 26, 2014, $6.8 million and $1.1 million of the Company’s restructuring liability was included in Accrued liabilities and

Other liabilities, respectively.

Net Periodic Benefit Cost-Defined Benefit Plans (Tables)

9 Months Ended

Sep. 26, 2014

Compensation and Retirement Disclosure [Abstract]

Schedule of Net Benefit Costs [Table Text Block]

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



	Three Months Ended						Nine Months Ended
	September 26, 2014			September 27, 2013			September 26, 2014			September 27, 2013
	(In thousands)
Pension Benefits-U.S. Plans:
Service cost	$	—		$	—		$	—		$	—
Interest cost	4,796			4,352			14,118			13,126
Expected return on plan assets	(6,180		)	(6,192		)	(18,114		)	(18,611		)
Amortization	1,298			1,964			3,894			5,891
Net periodic benefit (income) cost	$	(86	)	$	124		$	(102	)	$	406

Pension Benefits-Non U.S. Plans:
Service cost	$	1,127		$	598		$	3,039		$	2,420
Interest cost	12,717			11,089			37,804			33,293
Expected return on plan assets	(10,937		)	(8,295		)	(32,580		)	(24,785		)
Amortization	456			626			1,579			1,857
Net periodic benefit cost	$	3,363		$	4,018		$	9,842		$	12,785

Other Post-Retirement Benefits:
Service cost	$	21		$	32		$	94		$	122
Interest cost	288			229			871			731
Amortization	110			176			330			529
Net periodic benefit cost	$	419		$	437		$	1,295		$	1,382

Financial Instruments and Fair Value Measurements (Tables)

9 Months Ended

Sep. 26, 2014

Financial Instruments and Fair Value Measurements [Abstract]

Company's assets and liabilities measured at fair value for each fair value hierarchy level [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:



	September 26, 2014
	Level One		Level Two		Level Three		Total
	(In thousands)
Assets:
Cash equivalents	$	23,263	$	—	$	—	$	23,263
Foreign currency contracts related to sales - designated as hedges	—		6,611		—		6,611
Foreign currency contracts related to sales - not designated as hedges	—		1,033		—		1,033
Foreign currency contracts related to purchases - designated as hedges	—		1,661		—		1,661
Foreign currency contracts related to purchases - not designated as hedges	—		515		—		515
Deferred compensation plans	—		2,798		—		2,798
	$	23,263	$	12,618	$	—	$	35,881

Liabilities:
Foreign currency contracts related to sales - designated as hedges	$	—	$	4,216	$	—	$	4,216
Foreign currency contracts related to sales - not designated as hedges	—		2,591		—		2,591
Foreign currency contracts related to purchases - designated as hedges	—		969		—		969
Foreign currency contracts related to purchases - not designated as hedges	—		3,125		—		3,125
Deferred compensation plans	—		2,798		—		2,798
Liability for contingent payments	—		—		2,948		2,948
	$	—	$	13,699	$	2,948	$	16,647



	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

Schedule of Foreign Exchange Contracts, Notional Values

As of September 26, 2014 and December 31, 2013, the Company had foreign currency contracts with the following notional values:



	September 26, 2014		December 31, 2013
	(In thousands)
Foreign currency contracts sold - not designated as hedges	$	180,181	$	244,755
Foreign currency contracts sold - designated as hedges	190,919		206,220
Foreign currency contracts purchased - not designated as hedges	79,831		273,714
Foreign currency contracts purchased - designated as hedges	62,396		46,728
Total foreign currency derivatives	$	513,327	$	771,417

Schedule of Derivative Instruments, Gain (Loss) in Condensed Consolidated Financial Statements [Table Text Block]

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



	Three Months Ended						Nine Months Ended
	September 26, 2014			September 27, 2013			September 26, 2014			September 27, 2013
	(In thousands)
Contracts Designated as Hedges:
Foreign Currency Contracts - related to customer sales contracts:
Unrealized (loss) gain	$	(1,054	)	$	3,248		$	(2,212	)	$	2,658
Realized (loss) gain	(3,566		)	3,355			(3,821		)	(116		)
Foreign Currency Contracts - related to supplier purchase contracts:
Unrealized (loss) gain	(1,661		)	908			(1,910		)	(145		)
Realized gain (loss)	2,389			(1,425		)	2,497			76
Unrealized gain (loss) on net investment hedges	20,240			(13,562		)	25,013			(6,299		)
Contracts Not Designated in a Hedge Relationship:
Foreign Currency Contracts - related to customer sales contracts:
Unrealized (loss) gain	(1,539		)	2,765			(1,575		)	1,495
Realized (loss) gain	(1,312		)	1,940			(3,026		)	1,162
Foreign Currency Contracts - related to supplier purchases contracts:
Unrealized gain (loss)	594			63			(1,863		)	513
Realized gain (loss)	77			(1,121		)	1,851			579

Liability for contingent payment related to acquisitions [Table Text Block]

A summary of activity in the Company’s liability for contingent payments during the nine months ended September 26, 2014 is as follows:



	(In thousands)
Balance at January 1, 2014	$	6,176
Interest accretion	272
Cash payment	(3,500		)
Balance at September 26, 2014	$	2,948

Commitments and Contingencies (Tables)

9 Months Ended

Sep. 26, 2014

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⁾:



	Nine Months Ended
	September 26, 2014		September 27, 2013
	(Number of claims)
Claims unresolved, beginning of period	22,393		23,523
Claims filed⁽²⁾	3,586		3,298
Claims resolved⁽³⁾	(2,916	)	(3,875	)
Claims unresolved, end of period	23,063		22,946

⁽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.

Schedule Of Asbestos Related Litigation [Table Text Block]

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



	September 26, 2014		December 31, 2013
	(In thousands)
Current asbestos insurance asset⁽¹⁾	$	35,018	$	32,872
Current asbestos insurance receivable⁽¹⁾	33,237		41,943
Long-term asbestos insurance asset⁽²⁾	289,347		299,057
Long-term asbestos insurance receivable⁽²⁾	45,215		21,411
Accrued asbestos liability⁽³⁾	54,707		51,142
Long-term asbestos liability⁽⁴⁾	352,922		358,288

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

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

⁽³⁾Represents current reserves for probable and reasonably estimable asbestos-related liability cost that the Company believes its 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 Condensed

Consolidated Balance Sheets.

⁽⁴⁾Included in Other liabilities in the Condensed Consolidated Balance Sheets.

Segment Information (Tables)

9 Months Ended

Sep. 26, 2014

Segment Reporting [Abstract]

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

The Company’s segment results were as follows:



	Three Months Ended						Nine Months Ended
	September 26, 2014			September 27, 2013			September 26, 2014			September 27, 2013
	(In thousands)
Net sales:
Gas and fluid handling	$	564,650		$	511,360		$	1,707,539		$	1,453,228
Fabrication technology	599,803			503,210			1,710,581			1,582,603
	$	1,164,453		$	1,014,570		$	3,418,120		$	3,035,831
Segment operating income (loss)⁽¹⁾:
Gas and fluid handling	$	67,261		$	67,413		$	168,949		$	179,341
Fabrication technology	72,152			57,583			203,103			161,478
Corporate and other	(11,659		)	(13,461		)	(41,106		)	(36,614		)
	$	127,754		$	111,535		$	330,946		$	304,205

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



	Three Months Ended				Nine Months Ended
	September 26, 2014		September 27, 2013		September 26, 2014		September 27, 2013
	(In thousands)
Income before income taxes	$	103,871	$	85,262	$	261,331	$	227,898
Interest expense	14,935		17,536		40,881		58,879
Restructuring and other related charges	8,948		8,737		28,734		17,428
Segment operating income	$	127,754	$	111,535	$	330,946	$	304,205

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

The detail of the Company’s Net sales by product type is as follows:



	Three Months Ended				Nine Months Ended
	September 26, 2014		September 27, 2013		September 26, 2014		September 27, 2013
	(In thousands)
Gas handling	$	402,872	$	349,485	$	1,228,050	$	977,016
Fluid handling	161,778		161,875		479,489		476,212
Welding and cutting	599,803		503,210		1,710,581		1,582,603
Total Net sales	$	1,164,453	$	1,014,570	$	3,418,120	$	3,035,831

Schedule of Total Assets, by Segment [Table Text Block]

The detail of the Company’s Total assets by segment is as follows:



	September 26, 2014		December 31, 2013
	(In thousands)
Total Assets:
Gas and fluid handling	$	3,790,173	$	4,014,002
Fabrication technology	3,730,910		2,526,245
Corporate and other	8,232		48,802
	$	7,529,315	$	6,589,049

General (Details Textual) $ in Millions	9 Months Ended
General (Details Textual) $ in Millions	Sep. 26, 2014 USD ($)
Foreign Currency Devaluation [Abstract]
Foreign Exchange Rate Used to Remeasure Venezuelan Operations	SICAD II
Devaluation of Foreign Currency	87.00%
Official Foreign Currency Exchange Rate Bolivar Fuerte Previously Used	6.3
Net Monetary Assets Of Subsidiary	$ 0.6
Loss Recognized Due to Inflationary Accounting	$ 6.3

Recently Issued Accounting Pronouncements Details Textual (Details) - USD ($) $ in Millions	Sep. 26, 2014	Dec. 31, 2013
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Unrecognized tax benefits presented as a reduction to deferred tax assets	$ 32.4
Unrecognized tax benefits included in Other liabilities		$ 9.2

Acquisitions Assets and Liabilities Acquired - Victor (Details) - USD ($) $ in Thousands	Sep. 26, 2014	Apr. 14, 2014	Dec. 31, 2013
Goodwill	$ 2,947,286		$ 2,391,270
Victor Technologies Holdings, Inc. [Member]
Trade Receivables		$ 76,778
Inventories		112,277
Property, plant and equipment		59,281
Goodwill		610,167
Intangible assets		389,700
Accounts payable		(34,271)
Other assets and liabilities, net		(265,132)
Consideration, net of cash acquired		$ 948,800

Acquisitions Intangible Assets Acquired Excluding Goodwill (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 26, 2014	Apr. 14, 2014
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		$ 336,400
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	12 years 4 months 24 days
Customer Relationships [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		291,800
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	12 years 9 months 30 days
Acquired Technology [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		18,600
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years
Other Intangible Assets [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		26,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years 3 months 11 days
Trade Names [Member]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets		$ 53,300

Acquisitions (Details Textual) - USD ($) $ in Thousands	9 Months Ended
Acquisitions (Details Textual) - USD ($) $ in Thousands	Sep. 26, 2014	Apr. 14, 2014
Business Acquisition [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 28,734
Victor Technologies Holdings, Inc. [Member]
Business Acquisition [Line Items]
Business Acquisition Purchase Price Of Acquired Entity		$ 948,800
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual	229,000
Business Combination, Pro Forma Information, Earnings of Acquiree since Acquisition Date, Actual	25,100
Business Combination, Acquisition Related Costs	2,700
Business Combination, Acquired Entity Retrospective Adjustments	9,700
Victor Technologies Holdings, Inc. [Member] \| Employee Severance [Member]
Business Acquisition [Line Items]
Restructuring, Settlement and Impairment Provisions	2,700
ESAB-SVEL [Member]
Business Acquisition [Line Items]
Business Acquisition Purchase Price Of Acquired Entity	$ 9,500
Ownership Percentage of Subsidiary Before Additional Acquisition	51.00%
Ownership Percentage of Subsidiary After Additional Acquisition	100.00%
Howden Thomassen Middle East FCZO [Member]
Business Acquisition [Line Items]
Business Acquisition Purchase Price Of Acquired Entity	$ 800
Ownership Percentage of Subsidiary Before Additional Acquisition	90.00%
Ownership Percentage of Subsidiary After Additional Acquisition	100.00%
Q4 2013 Acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Acquired Entity Retrospective Adjustments	$ 6,700

Goodwill and Intangible Assets Goodwill by Segment (Details) $ in Thousands	9 Months Ended
	Sep. 26, 2014 USD ($)
Goodwill [Line Items]
Goodwill Balance, December 31, 2013	$ 2,391,270
Goodwill attributable to Victor Acquisition	610,167
Impact of foreign currency translation and other	(54,151)
Goodwill Balance, September 26, 2014	2,947,286
Gas and Fluid Handling [Member]
Goodwill [Line Items]
Goodwill Balance, December 31, 2013	1,513,772
Goodwill attributable to Victor Acquisition	0
Impact of foreign currency translation and other	(43,130)
Goodwill Balance, September 26, 2014	1,470,642
Fabrication Technology [Member]
Goodwill [Line Items]
Goodwill Balance, December 31, 2013	877,498
Goodwill attributable to Victor Acquisition	610,167
Impact of foreign currency translation and other	(11,021)
Goodwill Balance, September 26, 2014	$ 1,476,644

Goodwill and Intangible Assets Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 26, 2014	Dec. 31, 2013
Indefinite-Lived Trade Names	$ 430,219	$ 412,341
Total Finite-Lived and Indefinite-Lived Intangible Assets, Gross (Excluding Goodwill)	1,285,894	979,862
Finite-Lived Intangible Assets, Accumulated Amortization	(179,010)	(147,309)
Acquired Customer Relationships [Member]
Finite-Lived Intangible Assets, Gross	615,627	353,337
Finite-Lived Intangible Assets, Accumulated Amortization	(75,583)	(51,675)
Acquired Technology [Member]
Finite-Lived Intangible Assets, Gross	118,504	114,647
Finite-Lived Intangible Assets, Accumulated Amortization	(26,265)	(22,757)
Acquired Backlog [Member]
Finite-Lived Intangible Assets, Gross	68,272	73,476
Finite-Lived Intangible Assets, Accumulated Amortization	(66,558)	(65,919)
Other Intangible Assets [Member]
Finite-Lived Intangible Assets, Gross	53,272	26,061
Finite-Lived Intangible Assets, Accumulated Amortization	$ (10,604)	$ (6,958)

Goodwill and Intangible Assets (Details Textual) $ in Millions	9 Months Ended
	Sep. 26, 2014 USD ($)
Statement of Financial Position [Abstract]
Impairment of Intangible Assets (Excluding Goodwill)	$ 12.1
Finite-Lived Intangible Assets, Amortization Expense, 2014	58.5
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	66.9
Finite-Lived Intangible Assets, Amortization Expense, Year Two	63.6
Finite-Lived Intangible Assets, Amortization Expense, Year Three	59.7
Finite-Lived Intangible Assets, Amortization Expense, Year Four	56.6
Finite-Lived Intangible Assets, Amortization Expense, Year Five	$ 53.4

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

3 Months Ended

9 Months Ended

Sep. 26, 2014

Sep. 27, 2013

Sep. 26, 2014

Sep. 27, 2013

Earnings Per Share [Abstract]

Net income available to Colfax Corporation common shareholders

$ 73,389

$ 50,389

$ 290,051

$ 126,248

Less: net income attributable to participating securities

^[1]

(3,740)

Net income - basic

$ 73,389

$ 50,389

$ 290,051

$ 122,508

Weighted-average shares of Common stock outstanding - basic

123,841,699

101,977,511

120,163,945

98,185,166

Net income per share - basic

$ 0.59

$ 0.49

$ 2.41

$ 1.25

Less: net income attributable to participating securities

^[1]

$ 0

$ (3,740)

Add: dividends on preferred stock

^[1]

5,086

Net Income - Diluted

$ 73,389

$ 55,475

$ 290,051

$ 122,508

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

1,538,867

1,233,867

1,605,381

1,096,504

Net effect of potentially dilutive securities - convertible preferred stock

^[1]

12,173,291

Weighted-average shares of Common stock outstanding - diluted

125,380,566

115,384,669

121,769,326

99,281,670

Net income per share - diluted

$ 0.59

$ 0.48

$ 2.38

$ 1.23

[1]

Net income per share - diluted for periods prior to April 23, 2013 was calculated consistently with the two-class method in accordance with GAAP as the outstanding shares of Series A Perpetual Convertible Preferred Stock were considered participating securities. Subsequent to April 23, 2013 and prior to February 12, 2014, Net income per share - diluted was calculated consistently with the if-converted method in accordance with GAAP until the outstanding shares of Series A Perpetual Convertible Preferred Stock were converted to Common stock. However, for the nine months ended September 27, 2013, the calculation under this method was anti-dilutive. In addition, weighted-average shares outstanding - diluted for the nine months ended September 26, 2014 excludes the weighted average effect of 1.9 million Common stock equivalents for the period from January 1, 2014 through February 12, 2014, as their inclusion would be anti-dilutive. See Note 7, “Equity” for further discussion of the Series A Perpetual Convertible Preferred Stock conversion.

Net Income Per Share (Details Textual) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Preferred, Amount			1.9
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1.0	0.6	0.7	0.7

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

3 Months Ended

9 Months Ended

Sep. 26, 2014

Sep. 27, 2013

Sep. 26, 2014

Sep. 27, 2013

Income before income taxes

^[1]

$ 103,871

$ 85,262

$ 261,331

$ 227,898

Provision for (benefit from) income taxes

$ 22,568

$ 19,787

(73,153)

62,948

Deferred Other Tax Expense (Benefit)

120,000

Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability

$ 22,700

$ 2,300

Effective Income Tax Rate, Continuing Operations

21.70%

23.20%

27.60%

Discrete tax benefit

$ 5,100

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

- Definition

Amount of other deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. For example, but not limited to, acquisition-date income tax benefits or expenses recognized from changes in the acquirer's valuation allowance for its previously existing deferred tax assets resulting from a business combination and adjustments to beginning-of-year balance of a valuation allowance because of a change in circumstance causing a change in judgment about the realizability of the related deferred tax asset in future periods.

+ References + Details

Equity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Equity (Details) - USD ($) $ in Thousands	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance			$ (46,600)	$ (146,594)
Acquisition of shares held by noncontrolling interest			(942)	(381)
Foreign currency translation adjustment			(156,168)	(42,706)
Gain on long-term intra-entity foreign currency transactions			1,083	5,546
Gain (loss) on net investment hedges			25,013	(6,299)
Unrealized (loss) gain on cash flow hedges			(5,576)	1,744
Other	$ 0	$ 0	1,934	0
Other comprehensive (loss) income before reclassifications			(133,714)	(41,715)
Amounts reclassified from Accumulated other comprehensive loss			3,345	7,740
Net current period other comprehensive (loss) income			(130,369)	(33,975)
Ending balance	(177,911)	(180,950)	(177,911)	(180,950)
Net Unrecognized Pension And Other Post-Retirement Benefit Cost [Member]
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance			(159,795)	(247,332)
Foreign currency translation adjustment			0	0
Gain on long-term intra-entity foreign currency transactions			0	0
Gain (loss) on net investment hedges			0	0
Unrealized (loss) gain on cash flow hedges			0	0
Other			1,934
Other comprehensive (loss) income before reclassifications			1,934	0
Amounts reclassified from Accumulated other comprehensive loss			3,345	7,740
Net current period other comprehensive (loss) income			5,279	7,740
Ending balance	(154,516)	(239,592)	(154,516)	(239,592)
Foreign Currency Translation Adjustment [Member]
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance			127,604	104,718
Acquisition of shares held by noncontrolling interest			(942)	(381)
Foreign currency translation adjustment			(156,168)	(42,706)
Gain on long-term intra-entity foreign currency transactions			1,083	5,546
Gain (loss) on net investment hedges			0	0
Unrealized (loss) gain on cash flow hedges			0	0
Other			0
Other comprehensive (loss) income before reclassifications			(155,085)	(37,160)
Amounts reclassified from Accumulated other comprehensive loss			0	0
Net current period other comprehensive (loss) income			(155,085)	(37,160)
Ending balance	(28,423)	67,177	(28,423)	67,177
Unrealized (Loss) Gain On Hedging Activities [Member]
Changes in Accumulated Other Comprehensive Loss [Line Items]
Beginning Balance			(14,409)	(3,980)
Foreign currency translation adjustment			0	0
Gain on long-term intra-entity foreign currency transactions			0	0
Gain (loss) on net investment hedges			25,013	(6,299)
Unrealized (loss) gain on cash flow hedges			(5,576)	1,744
Other			0
Other comprehensive (loss) income before reclassifications			19,437	(4,555)
Amounts reclassified from Accumulated other comprehensive loss			0	0
Net current period other comprehensive (loss) income			19,437	(4,555)
Ending balance	$ 5,028	$ (8,535)	$ 5,028	$ (8,535)

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

3 Months Ended

9 Months Ended

Sep. 26, 2014

Sep. 27, 2013

Sep. 26, 2014

Sep. 27, 2013

Equity [Abstract]

Amortization of net loss, before tax

^[1]

$ 1,801

$ 2,704

$ 5,616

$ 8,091

Amortization of net loss, tax

^[1]

(2,153)

(183)

(2,458)

(537)

Amortization of net loss, net of tax

^[1]

(352)

2,521

3,158

7,554

Amortization of prior service cost, before tax

^[1]

187

186

Amortization of prior service cost, tax

^[1]

Amortization of prior service cost, net of tax

^[1]

187

186

Total amount reclassified from Accumulated other comprehensive loss, before tax

1,864

2,766

5,803

8,277

Total amount reclassified from Accumulated other comprehensive loss, tax

(2,153)

(183)

(2,458)

(537)

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

$ (289)

$ 2,583

$ 3,345

$ 7,740

[1]	Included in the computation of net periodic benefit (income) cost. See Note 11, “Net Periodic Benefit Cost - Defined Benefit Plans” for additional details.

Equity Textuals (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Equity Textuals (Details) - USD ($) $ in Thousands	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Equity Text [Abstract]
Contribution to defined benefit pension plan (in shares)			183,000
Stock Issued During Period, Shares, New Issues			9,200,000
Stock Issued During Period, Value, New Issues			$ 632,500
Equity Issuance Costs			$ 22,100
Fractional Share, Cash in Lieu, Share Amount			0.22807018
Preferred Stock Conversions, Cash Payment Upon Conversion			$ 23,400
Preferred stock conversion inducement payment	$ 0	$ 0	19,565	$ 0
Other Comprehensive Loss, Net of Tax, Portion Attributable to Noncontrolling Interest			$ (7,200)	$ (15,900)
Preferred Stock [Member]
Conversion of Stock, Shares Converted			13,877,552
Common Stock [Member]
Equity Text [Abstract]
Contribution to defined benefit pension plan (in shares)			183,000
Stock Issued During Period, Shares, New Issues			9,200,000
Stock Issued During Period, Shares, Conversion of Convertible Securities			12,173,291

Inventories, Net (Details) - USD ($) $ in Thousands	Sep. 26, 2014	Dec. 31, 2013
Inventory Disclosure [Abstract]
Raw materials	$ 182,592	$ 145,689
Work in process	93,423	114,206
Finished goods	285,269	222,109
Inventory, Gross	561,284	482,004
Less: customer progress payments	(5,183)	(4,078)
Less: allowance for excess, slow-moving and obsolete inventory	(33,740)	(32,773)
Inventories, net	$ 522,361	$ 445,153

Debt (Details) - USD ($) $ in Thousands	Sep. 26, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Total Debt	$ 1,681,860	$ 1,487,091
Less: current portion	(73,695)	(29,449)
Long-term debt	1,608,165	1,457,642
Term loans [Member]
Debt Instrument [Line Items]
Total Debt	1,242,145	1,115,238
Revolving credit facilities and other [Member]
Debt Instrument [Line Items]
Total Debt	$ 439,715	$ 371,853

Debt (Details Textual) - USD ($) $ in Thousands	Sep. 26, 2014	May 14, 2014	Dec. 31, 2013
Long-term Debt	$ 1,681,860		$ 1,487,091
Debt discount	13,700
Deferred Finance Costs, Net	$ 10,500
Long-term Debt, Weighted Average Interest Rate	1.94%
Line of Credit Facility, Remaining Borrowing Capacity	$ 484,900
DB Letter of Credit Subfacility, Remaining Borrowing Capacity	199,900
Letters of Credit, Maximum Capacity	773,100
Letters of Credit, Amount Outstanding	$ 382,400
Term A-1 Facility [Member]
Increase to Borrowing Capacity Under the Deutsche Bank Credit Agreement		$ 150,000
Long-term Debt		$ 558,700

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

Sep. 26, 2014

Dec. 31, 2013

Accrued Liabilities [Abstract]

Accrued payroll

$ 137,362

$ 136,645

Advance payment from customers

45,932

53,280

Accrued taxes and deferred tax liability - current portion

104,372

75,274

Accrued asbestos-related liability

^[1]

54,707

51,142

Warranty liability - current portion

49,701

54,977

Accrued restructuring liability - current portion

6,816

12,856

Accrued third-party commissions

12,131

13,095

Other

105,223

91,952

Accrued liabilities

$ 516,244

$ 489,221

[1]

Represents current reserves for probable and reasonably estimable asbestos-related liability cost that the Company believes its 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 Condensed Consolidated Balance Sheets.

Warranty Liability Rollforward (Details 1) - USD ($) $ in Thousands	9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty liability, beginning of period	$ 61,472	$ 40,437
Accrued warranty expense	14,814	16,633
Changes in estimates related to pre-existing warranties	(4,612)	(693)
Cost of warranty service work performed	(20,111)	(14,862)
Acquisitions	4,488	0
Foreign exchange translation effect	(2,741)	(476)
Warranty liability, end of period	$ 53,310	$ 41,039

Restructuring Rollforward (Details 2)
$ in Thousands

9 Months Ended

Sep. 26, 2014

USD ($)

Balance at Beginning of Period

$ 14,115

Non-cash impairment

2,863

Restructuring, settlement and impairment before non-cash charges

25,871

Provisions

28,734

Payments

(31,489)

Foreign Currency Translation

(576)

Balance at End of Period

7,921

^[1]

Gas and Fluid Handling [Member]

Balance at Beginning of Period

4,394

Non-cash impairment

2,863

Restructuring, settlement and impairment before non-cash charges

8,753

Provisions

11,616

Payments

(11,709)

Foreign Currency Translation

(167)

Balance at End of Period

1,271

Fabrication Technology [Member]

Balance at Beginning of Period

8,462

Provisions

17,118

Payments

(19,528)

Foreign Currency Translation

(388)

Balance at End of Period

5,664

Corporate and Other [Member]

Balance at Beginning of Period

1,259

Provisions

Payments

(252)

Foreign Currency Translation

(21)

Balance at End of Period

986

Termination benefits [Member] | Gas and Fluid Handling [Member]

Balance at Beginning of Period

3,638

^[2]

Provisions

5,864

^[2]

Payments

(8,213)

^[2]

Foreign Currency Translation

(130)

^[2]

Balance at End of Period

1,159

^[2]

Termination benefits [Member] | Fabrication Technology [Member]

Balance at Beginning of Period

7,033

^[2]

Provisions

15,698

^[2]

Payments

(17,116)

^[2]

Foreign Currency Translation

(257)

^[2]

Balance at End of Period

5,358

^[2]

Facility closure costs [Member] | Gas and Fluid Handling [Member]

Balance at Beginning of Period

756

^[3]

Provisions

2,889

^[3]

Payments

(3,496)

^[3]

Foreign Currency Translation

(37)

^[3]

Balance at End of Period

112

^[3]

Facility closure costs [Member] | Fabrication Technology [Member]

Balance at Beginning of Period

1,429

^[3]

Provisions

1,420

^[3]

Payments

(2,412)

^[3]

Foreign Currency Translation

(131)

^[3]

Balance at End of Period

306

^[3]

Facility closure costs [Member] | Corporate and Other [Member]

Balance at Beginning of Period

1,259

^[3]

Provisions

^[3]

Payments

(252)

^[3]

Foreign Currency Translation

(21)

^[3]

Balance at End of Period

$ 986

^[3]

[1]	As of September 26, 2014, $6.8 million and $1.1 million of the Company’s restructuring liability was included in Accrued liabilities and Other liabilities, respectively.
[2]	Includes severance and other termination benefits, including outplacement services. The Company recognizes the cost of involuntary termination benefits at the communication date or ratably over any remaining expected future service period. Voluntary termination benefits are recognized as a liability and an expense when employees accept the offer and the amount can be reasonably estimated.
[3]	Includes the cost of relocating associates, relocating equipment and lease termination expense in connection with the closure of facilities.

Accrued Liabilities (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 26, 2014	Dec. 31, 2013
Accrued Liabilities [Abstract]
Restructuring Reserve, Current	$ 6,816	$ 12,856
Restructuring Reserve, Noncurrent	1,100
Restructuring and Related Cost, Expected Cost Remaining	$ 20,000

Net Periodic Benefit Cost-Defined Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Pension Benefits-U.S. Plans: [Member]
Service cost	$ 0	$ 0	$ 0	$ 0
Interest cost	4,796	4,352	14,118	13,126
Expected return on plan assets	(6,180)	(6,192)	(18,114)	(18,611)
Amortization	1,298	1,964	3,894	5,891
Net periodic benefit (income) cost	(86)	124	(102)	406
Pension Benefits-Non U.S. Plans: [Member]
Service cost	1,127	598	3,039	2,420
Interest cost	12,717	11,089	37,804	33,293
Expected return on plan assets	(10,937)	(8,295)	(32,580)	(24,785)
Amortization	456	626	1,579	1,857
Net periodic benefit (income) cost	3,363	4,018	9,842	12,785
Other Post-Retirement Benefits: [Member]
Service cost	21	32	94	122
Interest cost	288	229	871	731
Amortization	110	176	330	529
Net periodic benefit (income) cost	$ 419	$ 437	$ 1,295	$ 1,382

Financial Instruments and Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 26, 2014	Dec. 31, 2013
Cash equivalents	$ 23,263	$ 22,032
Deferred compensation plans	2,798	2,414
Deferred compensation plans liability	2,798	2,414
Liability for contingent payment	2,948	6,176
Assets, Fair Value Disclosure	35,881	42,300
Liabilities, Fair Value Disclosure	16,647	14,929
Fair Value, Inputs, Level 1 [Member]
Cash equivalents	23,263	22,032
Assets, Fair Value Disclosure	23,263	22,032
Fair Value, Inputs, Level 2 [Member]
Deferred compensation plans	2,798	2,414
Deferred compensation plans liability	2,798	2,414
Assets, Fair Value Disclosure	12,618	20,268
Liabilities, Fair Value Disclosure	13,699	8,753
Fair Value, Inputs, Level 3 [Member]
Liability for contingent payment	2,948	6,176
Liabilities, Fair Value Disclosure	2,948	6,176
Foreign currency contracts related to customer sales contracts
Foreign currency contracts designated as hedges, Assets	6,611	11,241
Foreign currency contracts not designated as hedges, Assets	1,033	3,642
Foreign currency contracts designated as hedges, Liabilities	4,216	1,126
Foreign currency contracts not designated as hedges, Liability	2,591	3,625
Foreign currency contracts related to customer sales contracts \| Fair Value, Inputs, Level 2 [Member]
Foreign currency contracts designated as hedges, Assets	6,611	11,241
Foreign currency contracts not designated as hedges, Assets	1,033	3,642
Foreign currency contracts designated as hedges, Liabilities	4,216	1,126
Foreign currency contracts not designated as hedges, Liability	2,591	3,625
Foreign currency contracts related to supplier purchase contracts
Foreign currency contracts designated as hedges, Assets	1,661	428
Foreign currency contracts not designated as hedges, Assets	515	2,543
Foreign currency contracts designated as hedges, Liabilities	969	742
Foreign currency contracts not designated as hedges, Liability	3,125	846
Foreign currency contracts related to supplier purchase contracts \| Fair Value, Inputs, Level 2 [Member]
Foreign currency contracts designated as hedges, Assets	1,661	428
Foreign currency contracts not designated as hedges, Assets	515	2,543
Foreign currency contracts designated as hedges, Liabilities	969	742
Foreign currency contracts not designated as hedges, Liability	$ 3,125	$ 846

Foreign Currency Contracts Notional Values (Details) - USD ($) $ in Thousands	Sep. 26, 2014	Dec. 31, 2013
Derivative, Notional Amount	$ 513,327	$ 771,417
Foreign currency contracts related to customer sales contracts \| Not Designated As Hedging Instrument [Member]
Derivative, Notional Amount	180,181	244,755
Foreign currency contracts related to customer sales contracts \| Designated As Hedging Instrument [Member]
Derivative, Notional Amount	190,919	206,220
Foreign currency contracts related to supplier purchase contracts \| Not Designated As Hedging Instrument [Member]
Derivative, Notional Amount	79,831	273,714
Foreign currency contracts related to supplier purchase contracts \| Designated As Hedging Instrument [Member]
Derivative, Notional Amount	$ 62,396	$ 46,728

Gain (Loss) On Derivative Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Gain (Loss) on Derivative Used in Net Investment Hedge, Net of Tax			$ 25,013	$ (6,299)
Designated As Hedging Instrument [Member]
Gain (Loss) on Derivative Used in Net Investment Hedge, Net of Tax	$ 20,240	$ (13,562)		(6,299)
Designated As Hedging Instrument [Member] \| Foreign currency contracts related to customer sales contracts
Unrealized Gain (Loss) on Foreign Currency Contracts	(1,054)	3,248	(2,212)	2,658
Realized Gain (Loss) on Foreign Currency Contracts	(3,566)	3,355	(3,821)	(116)
Designated As Hedging Instrument [Member] \| Foreign currency contracts related to supplier purchase contracts
Unrealized Gain (Loss) on Foreign Currency Contracts	(1,661)	908	(1,910)	(145)
Realized Gain (Loss) on Foreign Currency Contracts	2,389	(1,425)	2,497	76
Not Designated As Hedging Instrument [Member] \| Foreign currency contracts related to customer sales contracts
Unrealized Gain (Loss) on Foreign Currency Contracts	(1,539)	2,765	(1,575)	1,495
Realized Gain (Loss) on Foreign Currency Contracts	(1,312)	1,940	(3,026)	1,162
Not Designated As Hedging Instrument [Member] \| Foreign currency contracts related to supplier purchase contracts
Unrealized Gain (Loss) on Foreign Currency Contracts	594	63	(1,863)	513
Realized Gain (Loss) on Foreign Currency Contracts	$ 77	$ (1,121)	$ 1,851	$ 579

Liability For Contingent Payments (Details) $ in Thousands	9 Months Ended
Liability For Contingent Payments (Details) $ in Thousands	Sep. 26, 2014 USD ($)
Liability for contingent payment, beginning of period	$ 6,176
Interest Accretion	272
Cash payment	(3,500)
Liability for contingent payment, end of period	$ 2,948

Financial Instruments and Fair Value Measurements (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 26, 2014	Dec. 31, 2013
Financial Instruments and Fair Value Measurements [Abstract]
Payments Of Contingent Consideration Liability	$ 3,500
Long-term Debt, Fair Value	$ 1,700,000	$ 1,500,000

Claims Rollforward (Details) - Asbestos_claims

9 Months Ended

Sep. 26, 2014

Sep. 27, 2013

Claims unresolved, beginning of period

^[1]

22,393

23,523

Claims filed(2)

^[1],[2]

3,586

3,298

Claims resolved(3)

^[1],[3]

(2,916)

(3,875)

Claims unresolved, end of period

^[1]

23,063

22,946

[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.

Asbestos Litigation (Details 1) - USD ($)
$ in Thousands

Sep. 26, 2014

Dec. 31, 2013

Current asbestos insurance asset(1)

^[1]

$ 35,018

$ 32,872

Current asbestos insurance receivable(1)

^[1]

33,237

41,943

Long-term asbestos insurance asset(2)

^[2]

289,347

299,057

Long-term asbestos insurance receivable(2)

^[2]

45,215

21,411

Accrued asbestos liability(3)

^[3]

54,707

51,142

Long-term asbestos liability(4)

^[4]

$ 352,922

$ 358,288

[1]	Included in Other current assets in the Condensed Consolidated Balance Sheets.
[2]	Included in Other assets in the Condensed Consolidated Balance Sheets.
[3]	Represents current reserves for probable and reasonably estimable asbestos-related liability cost that the Company believes its 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 Condensed Consolidated Balance Sheets.
[4]	Included in Other liabilities in the Condensed Consolidated Balance Sheets.