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DISCONTINUED OPERATIONS (Table)
 12 Months Ended
Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]
 
 
Net Sales
 
Earnings /(loss) before income taxes
(In thousands)
 
2014
 
2013
 
2012
 
2014
 
2013
 
2012
Commercial/Industrial
 
 
 
 
 
 
 
 
 
 
 
 
Surface Technologies - International
 
$
4,355

 
$
4,600

 
$
4,248

 
$
(6,123
)
 
$
(805
)
 
$
(989
)
Heat Treat
 
—

 
—

 
10,785

 
—

 
—

 
4,929

Defense
 
 
 
 
 
 
 
 
 
 
 
 
Benshaw
 
29,029

 
70,741

 
89,183

 
(3,061
)
 
2,173

 
5,972

3D Radar
 
344

 
5,165

 
7,444

 
(1,117
)
 
215

 
1,492

Energy
 
 
 
 
 
 
 
 
 
 
 
 
Upstream
 
143,182

 
145,609

 
9,335

 
14,267

 
10,898

 
(2,090
)
Vessels
 
5,798

 
5,127

 
17,644

 
(11,115
)
 
(12,611
)
 
(12,729
)
Total included in discontinued operations
 
$
182,708

 
$
231,242

 
$
138,639

 
$
(7,149
)
 
$
(130
)
 
$
(3,415
)
(In thousands)
 
2014
 
2013
 
2012
Net sales
 
$
363,869

 
$
392,690

 
$
285,194

Loss from discontinued operations before income taxes (1)
 
(48,519
)
 
(3,097
)
 
(14,930
)
Income tax benefit/(expense)
 
14,268

 
1,674

 
6,181

Gain/(loss) on sale of businesses (2)
 
(22,360
)
 
—

 
18,512

Earnings from discontinued operations
 
$
(56,611
)
 
$
(1,423
)
 
$
9,763

(In thousands)
 
 
 
 
December 31, 2014

Assets held for sale:
 
 
 
 
 
Receivables, net
 
 
 
 
$
60,187

Inventories, net
 
 
 
 
27,414

Property, plant, and equipment, net
 
 
 
 
22,473

Goodwill
 
 
 
 
42,395

Other intangible assets, net
 
 
 
 
19,151

Other assets
 
 
 
 
5,631

Deferred tax assets, net
 
 
 
 
11,174

Reserve for assets held for sale
 
 
 
 
(41,078
)
Total assets held for sale, current
 
 
 
 
$
147,347

Liabilities held for sale
 
 
 
 
 
Accounts payable
 
 
 
 
$
12,579

Accrued expenses
 
 
 
 
8,320

Other current liabilities
 
 
 
 
13,930

Other liabilities
 
 
 
 
563

Total liabilities held for sale, current
 
 
 
 
$
35,392

 
 
Net Sales
 
Earnings /(loss) before income taxes
(In thousands)
 
2014
 
2013
 
2012
 
2014
 
2013
 
2012
Commercial/Industrial
 
 
 
 
 

 
 
 
 
 
 
Surface Technologies - Domestic
 
$
4,395

 
$
4,672

 
$
1,767

 
$
(2,264
)
 
$
(528
)
 
$
(319
)
Defense
 
 
 
 
 
 
 
 
 
 
 
 
Engineered Packaging
 
19,841

 
19,484

 
17,862

 
1,822

 
858

 
1,165

Aviation Ground Support Equipment
29,331

 
28,022

 
28,585

 
(8,644
)
 
(122
)
 
27

Energy
 
 
 
 
 
 
 
 
 
 
 
 
Downstream
 
127,594

 
109,270

 
98,341

 
(32,284
)
 
(3,175
)
 
(12,388
)
Total included in discontinued operations
 
$
181,161

 
$
161,448

 
$
146,555

 
$
(41,370
)
 
$
(2,967
)
 
$
(11,515
)