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RESTRUCTURING ACTIVITIES (Table)
6 Months Ended
Jun. 30, 2012
Restructuring Activities [Abstract]  
Schedule of Restructuring and Related Costs [Table Text Block]
   (In thousands) 
  Three Months Ended 
  June 30,2012 
  Flow Control Motion Control Metal Treatment Consolidated 
Cost of sales $ 1,105 $ 398 $ 394 $ 1,897 
Selling expenses   312   -   -   312 
General and administrative   842   86   4,847   5,775 
Total $ 2,259 $ 484 $ 5,241 $ 7,984 

   (In thousands) 
  Six Months Ended 
  June 30,2012 
  Flow Control Motion Control Metal Treatment Consolidated 
Cost of sales $ 1,285 $ 2,136 $ 394 $ 3,815 
Selling expenses   312   -   -   312 
General and administrative   1,137   922   4,847   6,906 
Total $ 2,734 $ 3,058 $ 5,241 $ 11,033 

   (In thousands) 
  Severance and Benefits Abandonment of facility costs Total 
December 31, 2011 $ - $ - $ - 
Provisions    5,776   410   6,186 
Payments   3,451   31   3,482 
June 30, 2012 $ 2,325 $ 379 $ 2,704