Segment Information

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment Information

15. Segment Information

For management reporting and performance evaluation purposes, the Company categorizes its operating companies into four distinct reportable segments. Segment financial information and a reconciliation of segment results to consolidated results is as follows:

	Three Months Ended March 31,
	2016			2015
Revenue:
Energy	$	283,230		$	430,423
Engineered Systems	576,995			573,196
Fluids	399,062			340,236
Refrigeration & Food Equipment	363,252			372,097
Intra-segment eliminations	(266		)	(451		)
Total consolidated revenue	$	1,622,273		$	1,715,501
Earnings from continuing operations:
Segment earnings:
Energy	$	11,244		$	52,305
Engineered Systems	93,748			88,149
Fluids	46,047			54,634
Refrigeration & Food Equipment	38,161			36,150
Total segments	189,200			231,238
Corporate expense / other (1)	29,862			34,526
Net interest expense	31,714			32,037
Earnings before provision for income taxes and discontinued operations	127,624			164,675
Provision for taxes	28,268			47,485
Earnings from continuing operations	$	99,356		$	117,190

⁽¹⁾   Certain expenses are maintained at the corporate level and not allocated to the segments. These expenses include executive and functional compensation costs, non-service pension costs, non-operating insurance expenses, and various administrative expenses relating to the corporate headquarters.