SEGMENT INFORMATION (Table)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information By Segment [Text Block]

Capital expenditures
Commercial/Industrial	$	30,145	$	21,990	$	37,329
Defense	5,870		3,834		5,175
Power	6,653		6,163		16,057
Corporate	4,108		3,525		8,554
Total Consolidated (2)	$	46,776	$	35,512	$	67,115

Depreciation and amortization expense
Commercial/Industrial	$	53,970	$	55,799	$	58,276
Defense	14,488		15,965		19,530
Power	23,032		23,419		23,060
Corporate	4,518		4,292		4,059
Total Consolidated	$	96,008	$	99,475	$	104,925

	December 31,
(In thousands)	2016			2015			2014
Net sales
Commercial/Industrial	$	1,120,326		$	1,189,120		$	1,232,696
Defense	469,796			479,528			492,094
Power	524,967			545,013			527,034
Less: Intersegment Revenues	(6,158		)	(7,978		)	(8,698		)
Total Consolidated	$	2,108,931		$	2,205,683		$	2,243,126

	December 31,
(In thousands)	2016			2015			2014
Earnings before taxes:
Total segment operating income	$	331,313		$	345,407		$	312,685
Corporate and administrative	(23,215		)	(34,790		)	(30,312		)
Interest expense	41,248			36,038			35,794
Other income, net	1,111			615			365
Total consolidated earnings before tax	$	267,961		$	275,194		$	246,944

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

(In thousands)	2016			2015			2014
Operating income (expense)
Commercial/Industrial	$	156,550		$	171,525		$	178,684
Defense	98,291			98,895			82,552
Power	76,472			74,987			51,449
Corporate and Eliminations (1)	(23,215		)	(34,790		)	(30,312		)
Total Consolidated	$	308,098		$	310,617		$	282,373

Reconciliation Of Assets From Segment To Consolidated [Text Block]

Segment assets
Commercial/Industrial	$	1,391,040	$	1,480,052	$	1,543,795
Defense	751,859		800,613		845,193
Power	516,321		629,612		579,736
Corporate	378,561		79,334		266,377
Assets held for sale	—		—		147,347
Total Consolidated	$	3,037,781	$	2,989,611	$	3,382,448

	December 31,
(In thousands)	2016		2015		2014
Assets:
Total assets for reportable segments	$	2,659,220	$	2,910,277	$	2,968,724
Assets held for sale	—		—		147,347
Non-segment cash	357,021		42,164		247,249
Other assets	21,540		37,170		19,128
Total consolidated assets	$	3,037,781	$	2,989,611	$	3,382,448

ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock

	December 31,
(In thousands)	2016		2015		2014
Revenues
United States of America	$	1,472,241	$	1,502,363	$	1,521,034
United Kingdom	114,752		135,673		145,092
Other foreign countries	521,938		567,647		577,000
Consolidated total	$	2,108,931	$	2,205,683	$	2,243,126

ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock

	December 31,
(In thousands)	2016		2015		2014
Long-Lived Assets
United States of America	$	272,826	$	293,612	$	323,937
United Kingdom	39,014		36,061		45,625
Other foreign countries	77,063		83,971		89,357
Consolidated total	$	388,903	$	413,644	$	458,919

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

	December 31,
(In thousands)	2016		2015		2014
Net sales
Flow Control	$	883,735	$	949,657	$	959,907
Motion Control	940,162		947,758		953,667
Surface Technologies	285,034		308,268		329,552
Consolidated total	$	2,108,931	$	2,205,683	$	2,243,126