SEGMENT INFORMATION (Table)

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information By Segment [Text Block]

	December 31,
(In thousands)	2013			2012			2011
Earnings before taxes:
Total segment operating income	$	276,060		$	192,788		$	210,320
Corporate and administrative	(42,441		)	(31,342		)	(23,466		)
Interest expense	(37,020		)	(26,329		)	(20,834		)
Other income, net	1,354			245			862
Total consolidated earnings before tax	$	197,953		$	135,362		$	166,882

	December 31,
(In thousands)	2013			2012			2011
Net sales
Flow Control	$	1,299,697		$	1,095,349		$	1,060,785
Controls	904,170			735,085			714,309
Surface Technologies	314,497			277,430			247,989
Less: Intersegment Revenues	(7,593		)	(10,148		)	(6,341		)
Total Consolidated	$	2,510,771		$	2,097,716		$	2,016,742

Depreciation and amortization expense
Flow Control	$	53,205	$	42,091	$	37,617
Controls	45,524		31,968		30,724
Surface Technologies	18,338		17,459		18,099
Corporate	4,430		2,378		1,860
Total Consolidated	$	121,497	$	93,896	$	88,300

Capital expenditures
Flow Control	$	30,789	$	27,612	$	34,655
Controls	16,993		25,199		32,839
Surface Technologies	21,243		24,405		14,572
Corporate	3,217		5,738		2,256
Total Consolidated	$	72,242	$	82,954	$	84,322

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

Operating income (expense)
Flow Control	$	116,510		$	78,779		$	103,421
Controls	108,558			86,515			75,423
Surface Technologies	50,992			27,494			31,476
Corporate and Eliminations (1)	(42,441		)	(31,342		)	(23,466		)
Total Consolidated	$	233,619		$	161,446		$	186,854

Reconciliation Of Assets From Segment To Consolidated [Text Block]

Segment assets
Flow Control	$	1,581,357	$	1,417,047	$	1,257,142
Controls	1,517,773		1,365,112		1,016,935
Surface Technologies	309,473		302,079		286,084
Corporate	49,671		30,350		75,386
Total Consolidated	$	3,458,274	$	3,114,588	$	2,635,547

Assets:
Total assets for reportable segments	$	3,408,603	$	3,084,238	$	2,560,161
Non-segment cash	2,862		550		227
Other assets	46,809		29,800		75,159
Total consolidated assets	$	3,458,274	$	3,114,588	$	2,635,547

ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock

	December 31,
(In thousands)	2013		2012		2011
Revenues
United States of America	$	1,773,108	$	1,451,166	$	1,409,353
United Kingdom	143,121		153,093		139,002
Canada	83,965		83,027		81,498
Other foreign countries	510,577		410,430		386,889
Consolidated total	$	2,510,771	$	2,097,716	$	2,016,742

ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock

Long-Lived Assets
United States of America	$	365,691	$	352,615	$	327,989
United Kingdom	43,434		43,341		38,859
Canada	27,975		31,740		31,914
Other foreign countries	78,618		61,897		43,966
Consolidated total	$	515,718	$	489,593	$	442,728