SEGMENT INFORMATION (Table)

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information By Segment [Text Block]

Depreciation and amortization expense
Commercial/Industrial	$	55,799	$	58,276	$	56,841
Defense	15,965		19,530		19,235
Power	23,419		23,060		21,484
Corporate	4,292		4,059		4,655
Total Consolidated	$	99,475	$	104,925	$	102,215

Capital expenditures
Commercial/Industrial	$	21,990	$	37,329	$	48,696
Defense	3,834		5,175		3,443
Power	6,163		16,057		12,144
Corporate	3,525		8,554		7,959
Total Consolidated (2)	$	35,512	$	67,115	$	72,242

	December 31,
(In thousands)	2015			2014			2013
Net sales
Commercial/Industrial	$	1,189,120		$	1,232,696		$	1,079,826
Defense	479,528			492,094			481,850
Power	545,013			527,034			563,405
Less: Intersegment Revenues	(7,978		)	(8,698		)	(7,000		)
Total Consolidated	$	2,205,683		$	2,243,126		$	2,118,081

	December 31,
(In thousands)	2015			2014			2013
Earnings before taxes:
Total segment operating income	$	345,407		$	312,685		$	279,067
Corporate and administrative	(34,790		)	(30,312		)	(41,944		)
Interest expense	(36,038		)	(35,794		)	(37,053		)
Other income, net	615			365			980
Total consolidated earnings before tax	$	275,194		$	246,944		$	201,050

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

(In thousands)	2015			2014			2013
Operating income (expense)
Commercial/Industrial	$	171,525		$	178,684		$	131,305
Defense	98,895			82,552			74,360
Power	74,987			51,449			73,402
Corporate and Eliminations (1)	(34,790		)	(30,312		)	(41,944		)
Total Consolidated	$	310,617		$	282,373		$	237,123

Reconciliation Of Assets From Segment To Consolidated [Text Block]

	December 31,
(In thousands)	2015		2014		2013
Assets:
Total assets for reportable segments	$	2,951,783	$	2,968,724	$	2,979,023
Assets held for sale	—		147,346		421,560
Non-segment cash	42,164		247,249		13,308
Other assets	35,431		36,192		44,383
Total consolidated assets	$	3,029,378	$	3,399,511	$	3,458,274

Segment assets
Commercial/Industrial	$	1,500,931	$	1,543,795	$	1,509,011
Defense	808,197		845,193		888,689
Power	642,655		579,736		581,323
Corporate	77,595		283,441		57,691
Assets held for sale	—		147,346		421,560
Total Consolidated	$	3,029,378	$	3,399,511	$	3,458,274

ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock

	December 31,
(In thousands)	2015		2014		2013
Revenues
United States of America	$	1,502,363	$	1,521,034	$	1,444,019
United Kingdom	135,673		145,092		134,815
Other foreign countries	567,647		577,000		539,247
Consolidated total	$	2,205,683	$	2,243,126	$	2,118,081

ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock

	December 31,
(In thousands)	2015		2014		2013
Long-Lived Assets
United States of America	$	293,612	$	323,937	$	365,691
United Kingdom	36,061		45,625		43,434
Other foreign countries	83,971		89,357		106,593
Consolidated total	$	413,644	$	458,919	$	515,718

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

	December 31,
(In thousands)	2015		2014		2013
Net sales
Flow Control	$	949,657	$	959,907	$	940,910
Motion Control	947,758		953,667		873,519
Surface Technologies	308,268		329,552		303,652
Consolidated total	$	2,205,683	$	2,243,126	$	2,118,081