x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2011 |
o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from to |
Delaware | 34-1712937 | |
(State or Other Jurisdiction of Incorporation or Organization) | (IRS Employer Identification No.) |
One Infinity Corporate Centre Drive, | ||
Suite 300, Garfield Heights, Ohio | 44125-5370 | |
(Address of Principal Executive Offices) | (Zip Code) |
Title of Each Class | Name of Each Exchange on Which Registered | |
Common Stock, par value $0.01 | The NASDAQ Stock Market LLC |
Large accelerated filer | x | Accelerated filer | o | |||
Non-accelerated filer | o (Do not check if a smaller reporting company) | Smaller reporting company | o |
Item 15. | Exhibits and Financial Statement Schedules. |
CHART INDUSTRIES, INC. | ||
By: | /S/ Matthew J. Klaben | |
Matthew J. Klaben Vice President, General Counsel and Secretary |
Exhibit No. | Description | |
2.1 | Agreement and Plan of Merger, dated as of August 2, 2005 by and among Chart Industries, Inc., certain of its stockholders, First Reserve Fund X, L.P. and CI Acquisition, Inc. (incorporated by reference to Exhibit 2.1 to the Registrant's Registration Statement on Form S-1 (File No. 333-133254)). | |
3.1 | Amended and Restated Certificate of Incorporation (incorporated by reference to Exhibit 3.1 to Amendment No. 5 to the Registrant's Registration Statement on Form S-1 (File No. 333-133254)). | |
3.2 | Amended and Restated By-Laws, as amended (incorporated by reference to Exhibit 3.1 to the Registrant's current report on Form 8-K, filed with the SEC on December 19, 2008 (File No. 001-11442)). | |
4.1 | Form of Certificate (incorporated by reference to Exhibit 4.1 to Amendment No. 4 to the Registrant's Registration Statement on Form S-1 (File No. 333-133254)). | |
4.2 | Indenture, dated August 3, 2011 by and between Chart Industries, Inc. and Wells Fargo Bank, National Association (incorporated by reference to Exhibit 4.1 to the Registrant's Current Report on Form 8-K filed with the SEC on August 5, 2011 (File No. 001-11442)). | |
4.3 | Supplemental Indenture, dated August 3, 2011 by and between Chart Industries, Inc, and Wells Fargo Bank, National Association (incorporated by reference to Exhibit 4.2 to the Registrant's Current Report on Form 8-K filed with the SEC on August 5, 2011(File No. 001-11442)). | |
4.4 | Form of 2.00% Convertible Senior Subordinated Notes due 2018 (incorporated by reference to Exhibit 4.3 to the Registrant's Current Report on Form 8-K filed with the SEC on August 5, 2011 (File No. 001-11442)). | |
10.1 | Form of Amended and Restated Management Stockholders Agreement (incorporated by reference to Exhibit 10.10 to Amendment No. 3 to the Registrant's Registration Statement on Form S-1 (File No. 333-133254)). | |
10.2 | Amended and Restated Chart Industries, Inc. 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.3 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2008 (File No. 001-11442)).* | |
10.2.1 | Form of Nonqualified Stock Option Agreement (2005 and 2006 grants) under the Amended and Restated Chart Industries, Inc. 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.17 to the Registrant's Registration Statement on Form S-1 (File No. 333-133254)).* | |
10.2.2 | Form of Restricted Stock Unit Agreement (for non-employee directors) under the Amended and Restated Chart Industries, Inc. 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.22 to Amendment No. 4 to the Registrant's Registration Statement on Form S-1 (File No. 333-133254)).* | |
10.2.3 | Form of 2008 Performance Unit Agreement under the Amended and Restated Chart Industries, Inc. 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.4.4 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2007 (File No. 001-11442)).* | |
10.2.4 | Form of 2009 Performance Unit Agreement under the Amended and Restated Chart Industries, Inc. 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.3.5 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2008 (File No. 001-11442)).* | |
10.2.5 | Form of Nonqualified Stock Option Agreement (2007 and 2008 grants) under the Amended and Restated Chart Industries, Inc. 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.2 to the Registrant's current report on Form 8-K, filed with the SEC on August 7, 2007 (File No. 001-11442)).* | |
10.2.6 | Form of Nonqualified Stock Option Agreement (2009 grants) under the Amended and Restated Chart Industries, Inc. 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.3.7 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2008 (File No. 001-11442)).* | |
10.2.7 | Forms of Stock Award Agreement and Deferral Election Form (for non-employee directors) (2008 grants) under the Amended and Restated Chart Industries, Inc. 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.4.6 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2007 (File No. 001-11442)).* | |
10.2.8 | Forms of Stock Award Agreement and Deferral Election Form (for non-employee directors) (2009 grants) under the Amended and Restated Chart Industries, Inc. 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 to the Registrant's Quarterly Report on Form 10-Q for the quarter ended September 30, 2008 (File No. 001-11442)).* | |
10.3 | Chart Industries, Inc. 2009 Omnibus Equity Plan (incorporated by reference to Appendix A to the Registrant's definitive proxy statement filed with the Securities and Exchange Commission on April 7, 2009 (File No. 001-11442)).* | |
10.3.1 | Form of Nonqualified Stock Option Agreement (2010 grants) under the Chart Industries, Inc. 2009 Omnibus Equity Plan (incorporated by reference to Exhibit 10.4.1 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2009 (File No. 001-11442)).* | |
10.3.2 | Form of Restricted Stock Agreement (2010 grants) under the Chart Industries, Inc. 2009 Omnibus Equity Plan (incorporated by reference to Exhibit 10.4.2 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2009 (File No. 001-11442)).* | |
10.3.3 | Forms of Stock Award Agreement and Deferral Election Form (for eligible directors) under the Chart Industries, Inc. 2009 Omnibus Equity Plan (incorporated by reference to Exhibit 10.4.3 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2009 (File No. 001-11442)).* | |
10.3.4 | Form of Nonqualified Stock Option Agreement (2011 grants) under the Chart Industries, Inc. 2009 Omnibus Equity Plan (incorporated by reference to Exhibit 10.3.4 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2010 (File No. 001-11442)).* | |
10.3.5 | Form of Restricted Stock Agreement (2011 grants) under the Chart Industries, Inc. 2009 Omnibus Equity Plan (incorporated by reference to Exhibit 10.3.5 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2010 (File No. 001-11442)).* | |
10.3.6 | Form of Performance Unit Agreement (2011 grants) under the Chart Industries, Inc. 2009 Omnibus Equity Plan (incorporated by reference to Exhibit 10.3.6 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2010 (File No. 001-11442)).* | |
10.3.7 | Form of Leveraged Restricted Share Unit Agreement (incorporated by reference to Exhibit 10.5 to the Registrant's Current Report on Form 8-K filed with the SEC on January 5, 2012 (File No. 001-11442)).* | |
10.3.8 | Form of Nonqualified Stock Option Agreement (2012 grants) under the Chart Industries, Inc. 2009 Omnibus Equity Plan.* (x) | |
10.3.9 | Form of Performance Unit Agreement (2012 grants) under the Chart Industries, Inc. 2009 Omnibus Equity Plan.* (x) | |
10.4 | Amended and Restated Chart Industries, Inc. Voluntary Deferred Income Plan (incorporated by reference to Exhibit 10.1 to the Registrant's current report on Form 8-K, filed with the SEC on June 28, 2010 (File No. 001-11442)).* | |
10.5 | Incentive Compensation Plan (incorporated by reference to Exhibit 10.19 to Amendment No. 3 to the Registrant's Registration Statement on Form S-1 (File No. 333-133254)).* | |
10.5.1 | Amendment No. 1 to Chart Executive Incentive Compensation Plan (incorporated by reference to Exhibit 10.6.1 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2008 (File No. 001-11442)).* | |
10.6 | Chart Industries, Inc. 2009 Incentive Compensation Plan (incorporated by reference to Appendix B to the Registrant's definitive proxy statement filed with the Securities and Exchange Commission on April 7, 2009 (File No. 001-11442)).* | |
10.7 | Credit Agreement, dated May 18, 2010, among Chart Industries, Inc., Chart Industries Luxembourg S.à r.l., the lenders from time to time party thereto, JPMorgan Chase Bank, N.A. as Administrative Agent, RBS Citizens, National Association, U.S. Bank National Association and Wells Fargo Bank, National Association as Co-Syndication Agents and Bank of America, N.A. as Documentation Agent (incorporated by reference to Exhibit 10.1 to the Registrant's amended Current Report on Form 8-K, filed with the SEC on August 20, 2010 (File No. 001-11442)). | |
10.8 | Guarantee and Collateral Agreement, dated May 18, 2010, among Chart Industries, Inc., certain subsidiaries of Chart Industries, Inc., and JPMorgan Chase Bank, N.A., as administrative agent (incorporated by reference to Exhibit 10.2 to the Registrant's Current Report on Form 8-K, filed with the SEC on May 19, 2010 (File No. 001-11442)). | |
10.9 | Employment Agreement, dated February 26, 2008, by and between Registrant and Samuel F. Thomas (incorporated by reference to Exhibit 10.1 to the Registrant's Quarterly Report on Form 10-Q for the quarter ended March 31, 2008 (File No. 001-11442)).* | |
10.9.1 | Amendment No. 1, effective January 1, 2009, to the Employment Agreement dated February 26, 2008 by and between Registrant and Samuel F. Thomas (incorporated by reference to Exhibit 10.9.1 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2008 (File No. 001-11442)).* | |
10.9.2 | Amendment No. 2, effective January 1, 2010, to the Employment Agreement dated February 26, 2008 by and between Registrant and Samuel F. Thomas (incorporated by reference to Exhibit 10.1 to the Registrant's Quarterly Report on Form 10-Q for the quarter ended March 31, 2010 (File No. 001-11442)).* | |
10.9.3 | Amendment No. 3, dated January 1, 2012, to the Employment Agreement dated February 26, 2008 by and between Chart Industries, Inc. and Samuel F. Thomas (incorporated by reference to Exhibit 10.1 to the Registrant's Current Report on Form 8-K filed with the SEC on January 5, 2012 (File No. 001-11442)).* | |
10.10 | Employment Agreement, dated February 26, 2008, by and between Registrant and Michael F. Biehl (incorporated by reference to Exhibit 10.2 to the Registrant's Quarterly Report on Form 10-Q for the quarter ended March 31, 2008 (File No. 001-11442)).* | |
10.10.1 | Amendment No. 1, effective January 1, 2009, to the Employment Agreement dated February 26, 2008 by and between Registrant and Michael F. Biehl (incorporated by reference to Exhibit 10.10.1 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2008 (File No. 001-11442)).* | |
10.10.2 | Amendment No. 2, dated January 1, 2012, to the Employment Agreement dated February 26, 2008 by and between Chart Industries, Inc. and Michael F. Biehl (incorporated by reference to Exhibit 10.2 to the Registrant's Current Report on Form 8-K filed with the SEC on January 5, 2012 (File No. 001-11442)).* | |
10.11 | Employment Agreement, dated February 26, 2008, by and between Registrant and Matthew J. Klaben (incorporated by reference to Exhibit 10.3 to the Registrant's Quarterly Report on Form 10-Q for the quarter ended March 31, 2008 (File No. 001-11442)).* | |
10.11.1 | Amendment No. 1, effective January 1, 2009, to the Employment Agreement dated February 26, 2008 by and between Registrant and Matthew J. Klaben (incorporated by reference to Exhibit 10.11.1 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2008 (File No. 001-11442)).* | |
10.11.2 | Amendment No. 2, dated January 1, 2012, to the Employment Agreement dated February 26, 2008 by and between Chart Industries, Inc. and Matthew J. Klaben (incorporated by reference to Exhibit 10.3 to the Registrant's Current Report on Form 8-K filed with the SEC on January 5, 2012 (File No. 001-11442)).* | |
10.12 | Transition Agreement, dated August 24, 2010, by and between Registrant and James H. Hoppel, Jr. (incorporated by reference to Exhibit 10.1 to the Registrant's Current Report on Form 8-K, filed with the SEC on August 27, 2010 (File No. 001-11442)).* | |
10.13 | Employment Agreement, dated February 26, 2008, by and between Registrant and Kenneth J. Webster (incorporated by reference to Exhibit 10.5 to the Registrant's Quarterly Report on Form 10-Q for the quarter ended March 31, 2008 (File No. 001-11442)).* | |
10.13.1 | Amendment No. 1, effective January 1, 2009, to the Employment Agreement dated February 26, 2008 by and between Registrant and Kenneth J. Webster (incorporated by reference to Exhibit 10.13.1 to the Registrant's Annual Report on Form 10-K for the year ended December 31, 2008 (File No. 001-11442)).* | |
10.13.2 | Amendment No. 2, effective January 1, 2010, to the Employment Agreement dated February 26, 2008 by and between Registrant and Kenneth J. Webster (incorporated by reference to Exhibit 10.4 to the Registrant's Quarterly Report on Form 10-Q for the quarter ended June 30, 2010 (File No. 001-11442)).* | |
10.13.3 | Amendment No. 3, dated January 1, 2012, to the Employment Agreement dated February 26, 2008 by and between Chart Industries, Inc. and Kenneth J. Webster. (incorporated by reference to Exhibit 10.4 to the Registrant's Current Report on Form 8-K filed with the SEC on January 5, 2012 (File No. 001-11442)).* | |
10.14 | Form of Indemnification Agreement (incorporated by reference to Exhibit 10.20 to the Registrant's Registration Statement on Form S-1 (File No. 333-133254)). | |
10.15 | IAM Agreement 2010-2013, effective February 6, 2010, by and between Chart Energy & Chemicals, Inc. and Local Lodge 2191 of District Lodge 66 of the International Association of Machinists and Aerospace Workers, AFL-CIO (incorporated by reference to Exhibit 10.5 to the Registrant's Quarterly Report on Form 10-Q for the quarter ended March 31, 2010 (File No. 001-11442)). | |
10.16 | Base Call Option Transaction Confirmation, dated as of July 28, 2011, by and between Chart Industries, Inc. and JPMorgan Chase Bank, National Association, London Branch (incorporated by reference to Exhibit 10.1 to the Registrant's Current Report on Form 8-K filed with the SEC on August 3, 2011(File No. 001-11442)). | |
10.16.1 | Base Call Option Transaction Confirmation, dated as of July 28, 2011, by and between Chart Industries, Inc. and Morgan Stanley & Co. International plc (incorporated by reference to Exhibit 10.2 to the Registrant's Current Report on Form 8-K filed with the SEC on August 3, 2011(File No. 001-11442)). | |
10.16.2 | Base Warrants Transaction Confirmation, dated as of July 28, 2011, by and between Chart Industries, Inc. and JPMorgan Chase Bank, National Association, London Branch (incorporated by reference to Exhibit 10.3 to the Registrant's Current Report on Form 8-K filed with the SEC on August 3, 2011 (File No. 001-11442)). | |
10.16.3 | Base Warrants Transaction Confirmation, dated as of July 28, 2011, by and between Chart Industries, Inc. and Morgan Stanley & Co. International plc (incorporated by reference to Exhibit 10.4 to the Registrant's Current Report on Form 8-K filed with the SEC on August 3, 2011(File No. 001-11442)). | |
10.16.4 | Base Capped Call Option Transaction Confirmation, dated as of July 28, 2011, by and between Chart Industries, Inc. and JPMorgan Chase Bank, National Association, London Branch (incorporated by reference to Exhibit 10.5 to the Registrant's Current Report on Form 8-K filed with the SEC on August 3, 2011(File No. 001-11442)). | |
10.16.5 | Base Capped Call Option Transaction Confirmation, dated as of July 28, 2011, by and between Chart Industries, Inc. and Morgan Stanley & Co. International plc (incorporated by reference to Exhibit 10.6 to the Registrant's Current Report on Form 8-K filed with the SEC on August 3, 2011(File No. 001-11442)). | |
21.1 | List of Subsidiaries. (x) | |
23.1 | Consent of Independent Registered Public Accounting Firm. (x) | |
31.1 | Rule 13a-14(a) Certification of the Company's Chief Financial Officer. (x) | |
31.2 | Rule 13a-14(a) Certification of the Company's Chief Executive Officer. (x) | |
32.1 | Section 1350 Certification of the Company's Chief Financial Officer. (xx) | |
32.2 | Section 1350 Certification of the Company's Chief Executive Officer. (xx) | |
101** | The following financial statements from the Company's Form 10-K for the period ended December 31, 2011, formatted in XBRL: (i) Condensed Consolidated Statements of Income, (ii) Condensed Consolidated Balance Sheets, (iii) Condensed Consolidated Statements of Cash Flow, (iv) the Notes to Condensed Consolidated Financial Statements. In accordance with Rule 406T of Regulation S-T, the XBRL related information in Exhibit 101 to this Form 10-K shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section, and shall not be part of any registration statement or other document filed under the Securities Act of 1933 or Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in such filing. |
(x) | Previously filed as an exhibit to the Company's Annual Report on Form 10-K for the year ended December 31, 2011, filed with the Securities and Exchange Commission on February 29, 2012. |
(xx) | Previously furnished as an exhibit to the Company's Annual Report on Form 10-K for the year ended December 31, 2011, filed with the Securities and Exchange Commission on February 29, 2012. |
* | Management contract or compensatory plan or arrangement. |
** | Furnished herewith. |
Debt And Credit Arrangements (Details)
Share data in Thousands, except Per Share data, unless otherwise specified |
12 Months Ended | 12 Months Ended | 12 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2011
USD ($)
Y
|
Dec. 31, 2010
USD ($)
|
Dec. 31, 2009
USD ($)
|
Dec. 31, 2011
Convertible Notes Payable [Member]
Convertible Notes, Due 2018 [Member]
USD ($)
|
Aug. 03, 2011
Convertible Notes Payable [Member]
Convertible Notes, Due 2018 [Member]
USD ($)
|
Dec. 31, 2010
Convertible Notes Payable [Member]
Convertible Notes, Due 2018 [Member]
USD ($)
|
Dec. 31, 2011
Subordinated Debt [Member]
Subordinated Notes, Due 2015 [Member]
USD ($)
|
Dec. 31, 2010
Subordinated Debt [Member]
Subordinated Notes, Due 2015 [Member]
USD ($)
|
Dec. 31, 2011
Line of Credit [Member]
Senior Credit Facility [Member]
|
May 18, 2010
Line of Credit [Member]
Senior Credit Facility [Member]
USD ($)
|
Dec. 31, 2011
Line of Credit [Member]
Revolver [Member]
|
Dec. 31, 2011
Line of Credit [Member]
Revolver [Member]
Minimum [Member]
|
Dec. 31, 2011
Line of Credit [Member]
Revolver [Member]
Maximum [Member]
|
Dec. 31, 2011
Line of Credit [Member]
Prior Senior Credit Facility [Member]
USD ($)
|
Dec. 31, 2011
Line of Credit [Member]
Foreign Facilities [Member]
USD ($)
|
Dec. 31, 2010
Line of Credit [Member]
Foreign Facilities [Member]
USD ($)
|
Dec. 31, 2011
Term Loan [Member]
Senior Term Loan, Due 2015 [Member]
USD ($)
|
Dec. 31, 2010
Term Loan [Member]
Senior Term Loan, Due 2015 [Member]
USD ($)
|
Dec. 31, 2011
Revolving Line of Credit [Member]
Revolver [Member]
USD ($)
|
Dec. 31, 2011
Revolving Line of Credit [Member]
Revolver [Member]
Minimum [Member]
|
Dec. 31, 2011
Revolving Line of Credit [Member]
Revolver [Member]
Maximum [Member]
|
Dec. 31, 2011
Senior Credit Facility [Member]
Senior Term Loan, Due 2015 [Member]
USD ($)
|
Dec. 31, 2011
Additional Paid-in Capital [Member]
Convertible Notes Payable [Member]
Convertible Notes, Due 2018 [Member]
USD ($)
|
Dec. 31, 2011
Carrying Amount, Deferred Financing Fees [Member]
Convertible Notes Payable [Member]
Convertible Notes, Due 2018 [Member]
USD ($)
|
Dec. 31, 2011
Chart Ferox [Member]
Facility 2 [Member]
|
Dec. 31, 2011
Flow Instruments And Engineering Gmbh [Member]
EUR (€)
lines_of_credit
|
Dec. 31, 2011
Bonding/Guarantee Facility [Member]
Chart Cryogenic Engineering Systems Co., Ltd. [Member]
Foreign Facilities [Member]
CNY
|
Dec. 31, 2011
Revolving Line of Credit [Member]
Chart Cryogenic Engineering Systems Co., Ltd. [Member]
Foreign Facilities [Member]
CNY
|
Dec. 31, 2011
Overdraft Facility [Member]
Chart Cryogenic Engineering Systems Co., Ltd. [Member]
Foreign Facilities [Member]
CNY
|
Dec. 31, 2011
Line of Credit [Member]
Chart Cryogenic Engineering Systems Co., Ltd. [Member]
Foreign Facilities [Member]
USD ($)
|
Dec. 31, 2011
Line of Credit [Member]
Chart Ferox [Member]
CZK
creditfacilities
|
Dec. 31, 2011
Line of Credit [Member]
Chart Ferox [Member]
Facility 1 [Member]
USD ($)
|
|
Debt Instrument [Line Items] | ||||||||||||||||||||||||||||||||
Gross amount of long-term debt | $ 174,474,000 | $ 0 | $ 0 | $ 163,175,000 | $ 55,250,000 | $ 61,750,000 | ||||||||||||||||||||||||||
Short-term debt | 4,758,000 | 0 | 4,758,000 | 0 | 4,758,000 | |||||||||||||||||||||||||||
Components of the Company's borrowings | ||||||||||||||||||||||||||||||||
Total debt | 234,482,000 | 224,925,000 | ||||||||||||||||||||||||||||||
Less: current maturities | (11,258,000) | (6,500,000) | ||||||||||||||||||||||||||||||
Long-term debt | 223,224,000 | 218,425,000 | ||||||||||||||||||||||||||||||
Aggregate principal amount of debt | 250,000,000 | 250,000,000 | ||||||||||||||||||||||||||||||
Proceeds from issuance of debt | 242,700,000 | |||||||||||||||||||||||||||||||
Stated interest rate | 2.00% | |||||||||||||||||||||||||||||||
Minimum percentage of conversion price of Convertible Notes on each trading day | 130.00% | |||||||||||||||||||||||||||||||
Convertible Notes principal amount denominator for trading price | 1,000,000 | |||||||||||||||||||||||||||||||
Unamortized discount | (75,526,000) | (75,526,000) | ||||||||||||||||||||||||||||||
Maximum allowable percentage of the product of the last reported sale price of Common Stock and coversion rate for Convertible Notes Payable | 97.00% | |||||||||||||||||||||||||||||||
Number of common shares convertible | 14.4865 | |||||||||||||||||||||||||||||||
Conversion price per share | $ 69.03 | |||||||||||||||||||||||||||||||
Percent of the principal amount of the Convertible Notes plus accrued interest to be purchased by the Company subject to Company undergoing a fundamental change | 100.00% | |||||||||||||||||||||||||||||||
Minimum holding percentage of convertible notes payable required to declare Convertible Notes to be due and payable in events of default | 25.00% | |||||||||||||||||||||||||||||||
Percent of Convertible Notes declarable as due and payable in certain events of default | 100.00% | |||||||||||||||||||||||||||||||
Number of shares of convertible debt hedged and capped call | 3,622 | |||||||||||||||||||||||||||||||
Convertible Notes payment call options and capped call transactions | 66,486,000 | 0 | 0 | (66,486,000) | ||||||||||||||||||||||||||||
Initial cap price of the call transactions and the strike price of warrant transactions | $ 84.96 | |||||||||||||||||||||||||||||||
Proceeds from issuance of warrants | 48,848,000 | 0 | 0 | 48,848,000 | ||||||||||||||||||||||||||||
Net cost of Convertible Note Hedge and all capped transactions | 17,638,000 | |||||||||||||||||||||||||||||||
Liability component of Convertible Notes before present value calculation | 170,885,000 | |||||||||||||||||||||||||||||||
Carrying value of equity component | 79,115,000 | 79,115,000 | ||||||||||||||||||||||||||||||
Percentage used as debt rate for present value of cash flows | 7.90% | |||||||||||||||||||||||||||||||
Interest expense for the Convertible Notes | 5,672,000 | |||||||||||||||||||||||||||||||
Debt instrument interest expense excluding non-cash accretion expense | 2,083,000 | |||||||||||||||||||||||||||||||
Interest accretion of convertible notes discount | 3,589,000 | 0 | 0 | 3,589,000 | ||||||||||||||||||||||||||||
Carrying amount of deferred financing fees | (7,277,000) | (2,303,000) | (4,974,000) | |||||||||||||||||||||||||||||
Principal amount of liability component | 250,000,000 | |||||||||||||||||||||||||||||||
Carrying value of liability component | 174,474,000 | |||||||||||||||||||||||||||||||
Number of years to maturity | 5 | |||||||||||||||||||||||||||||||
Maximum borrowing capicity of line of credit facility | 200,000,000 | 65,000,000 | 135,000,000 | 320,000 | 30,000,000 | 60,000,000 | 10,000,000 | 175,000,000 | ||||||||||||||||||||||||
Number of Credit Facilities Maintained | 2 | |||||||||||||||||||||||||||||||
Deferred financing fees written off due to refinancing | 2,969,000 | 1,706,000 | ||||||||||||||||||||||||||||||
Sub-limit for issuance of swingline loans | 25,000,000 | |||||||||||||||||||||||||||||||
Sub-limit for letters of credit | 50,000,000 | |||||||||||||||||||||||||||||||
Maximum amount for foreign currency denominated letters of credit and borrowings | 40,000,000 | |||||||||||||||||||||||||||||||
Maximum amount of permitable subsidiary borrowings | 40,000,000 | |||||||||||||||||||||||||||||||
Periodic payment of debt instrument | 1,625,000 | |||||||||||||||||||||||||||||||
Percentage in excess of federal funds rate related to election of ABR borrowing | 0.50% | |||||||||||||||||||||||||||||||
Percentage in excess of LIBOR rate related to election of ABR borrowing | 1.00% | |||||||||||||||||||||||||||||||
Commitment fee percentage | 0.30% | 0.50% | ||||||||||||||||||||||||||||||
Applicable Margin for Eurocurrency Revolving Facility Borrowings | 2.00% | 3.50% | ||||||||||||||||||||||||||||||
Fronting fee percentage charged for issuance of letters of credit | 0.125% | |||||||||||||||||||||||||||||||
Maximum percentage of capital stock guaranteed by company's material Non-U.S. subsidiaries for obligations under the Senior Credit Facility | 65.00% | |||||||||||||||||||||||||||||||
Amount of extinguished debt | 163,175,000 | |||||||||||||||||||||||||||||||
Subordinated notes redemption price percentage of principal | 103.042% | |||||||||||||||||||||||||||||||
Remption price of Subordinated Notes principal amount plus accrued and unpaid interest | 175,600,000 | |||||||||||||||||||||||||||||||
Call premium in conjunction with redemption of Subordinated Notes | 4,964,000 | |||||||||||||||||||||||||||||||
Amount of letters of credit outstanding | 35,875,000 | |||||||||||||||||||||||||||||||
Amount of line of credit facility outstanding | 0 | |||||||||||||||||||||||||||||||
Number of lines of credit maintained by Flow | 2 | |||||||||||||||||||||||||||||||
Letter of credit and guarantee fees percentage of face amount for maturities up to one year | 0.70% | |||||||||||||||||||||||||||||||
Letter of credit and guarantee fees percentage of face amount for maturities between one and three years | 0.80% | |||||||||||||||||||||||||||||||
Letter of credit and guarantee fees percentage of face amount for maturities between three and five years | 1.20% | |||||||||||||||||||||||||||||||
Letter of credit and guarantee fees percentage of face amount for all maturities | 0.70% | |||||||||||||||||||||||||||||||
Bank guarantees supported by credit facilities | 2,248,000 | |||||||||||||||||||||||||||||||
Maturities of Long-term Debt [Abstract] | ||||||||||||||||||||||||||||||||
2012 | 11,258,000 | |||||||||||||||||||||||||||||||
2013 | 6,500,000 | |||||||||||||||||||||||||||||||
2014 | 6,500,000 | |||||||||||||||||||||||||||||||
2015 | 35,750,000 | |||||||||||||||||||||||||||||||
2016 | 0 | |||||||||||||||||||||||||||||||
Thereafter | 250,000,000 | |||||||||||||||||||||||||||||||
Total | 310,008,000 | |||||||||||||||||||||||||||||||
Interest paid | 16,608,000 | 16,774,000 | 16,820,000 | |||||||||||||||||||||||||||||
Fair value of debt instrument | $ 45,426,000 | |||||||||||||||||||||||||||||||
Weighted average interest rate of debt | 2.73% | |||||||||||||||||||||||||||||||
Effective interest rate of debt | 7.90% | 9.125% | ||||||||||||||||||||||||||||||
Minimum trading days required during thirty consecutive trading days where last reported sales price is at least 130 percent of conversion price | 20 days | |||||||||||||||||||||||||||||||
Maximum days after any five trading day period in which trading price was less than 97 percent of last reported sale price of Common Stock times conversion rate | 5 days | |||||||||||||||||||||||||||||||
Revolving line of credit time to maturity | 12 months |
Reporting Segments (Details) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | ||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2011
segments
|
Sep. 30, 2011
|
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2010
|
Sep. 30, 2010
|
Jun. 30, 2010
|
Mar. 31, 2010
|
Dec. 31, 2011
segments
|
Dec. 31, 2010
|
Dec. 31, 2009
|
||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||||||||
Number of reportable segments | 3 | 3 | ||||||||||||||||||||||
Sales from external customers | $ 794,585 | $ 555,455 | $ 597,458 | |||||||||||||||||||||
Sales from external customers | 794,585 | 555,455 | 597,458 | |||||||||||||||||||||
Depreciation and amortization expense | 27,915 | 23,577 | 21,412 | |||||||||||||||||||||
Operating income (loss) | 25,155 | 29,043 | 21,489 | 14,307 | 18,099 | 13,239 | 8,563 | 7,603 | 89,994 | 47,504 | 94,334 | |||||||||||||
Total assets | 1,174,475 | 954,839 | [1],[2] | 1,174,475 | 954,839 | [1],[2] | 926,503 | [1],[3] | ||||||||||||||||
Capital expenditures | 22,380 | 16,939 | 13,190 | |||||||||||||||||||||
Goodwill | 288,770 | 275,252 | 288,770 | 275,252 | ||||||||||||||||||||
Reconciliation of the reportable segments' operating income to consolidated income before taxes and minority interest | ||||||||||||||||||||||||
Interest expense, net | 23,371 | 16,196 | 15,817 | |||||||||||||||||||||
Amortization of deferred financing costs | 4,383 | 3,063 | 1,616 | |||||||||||||||||||||
Gain on acquisition of business | (1,124) | 0 | (1,124) | (6,954) | ||||||||||||||||||||
Foreign currency loss (gain) | (734) | 871 | (687) | |||||||||||||||||||||
Income before income taxes and minority interest | 62,974 | 28,498 | 84,542 | |||||||||||||||||||||
Sales | 794,585 | 555,455 | 597,458 | |||||||||||||||||||||
Long-lived assets | 576,846 | 548,743 | 576,846 | 548,743 | ||||||||||||||||||||
Energy & Chemicals [Member]
|
||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||||||||
Sales from external customers | 205,033 | 137,801 | 255,074 | |||||||||||||||||||||
Depreciation and amortization expense | 7,417 | 7,338 | 7,335 | |||||||||||||||||||||
Operating income (loss) | 27,489 | 6,121 | 61,852 | |||||||||||||||||||||
Total assets | 203,067 | [1],[4] | 188,407 | [1],[2] | 203,067 | [1],[4] | 188,407 | [1],[2] | 205,482 | [1],[3] | ||||||||||||||
Capital expenditures | 5,228 | 973 | 2,707 | |||||||||||||||||||||
Goodwill | 83,215 | 83,215 | 83,215 | 83,215 | 83,215 | |||||||||||||||||||
Distribution & Storage [Member]
|
||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||||||||
Sales from external customers | 390,332 | 269,293 | 252,197 | |||||||||||||||||||||
Depreciation and amortization expense | 11,767 | 10,474 | 10,104 | |||||||||||||||||||||
Operating income (loss) | 61,415 | 41,934 | 39,888 | |||||||||||||||||||||
Total assets | 556,688 | [1],[4] | 513,215 | [1],[2] | 556,688 | [1],[4] | 513,215 | [1],[2] | 486,620 | [1],[3] | ||||||||||||||
Capital expenditures | 7,808 | 8,563 | 7,168 | |||||||||||||||||||||
Goodwill | 158,381 | 148,010 | 158,381 | 148,010 | 144,290 | |||||||||||||||||||
BioMedical [Member]
|
||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||||||||
Sales from external customers | 199,220 | 148,361 | 90,187 | |||||||||||||||||||||
Depreciation and amortization expense | 7,588 | 5,197 | 3,591 | |||||||||||||||||||||
Operating income (loss) | 35,911 | 30,698 | 15,912 | |||||||||||||||||||||
Total assets | 226,729 | [1],[4] | 227,138 | [1],[2] | 226,729 | [1],[4] | 227,138 | [1],[2] | 135,977 | [1],[3] | ||||||||||||||
Capital expenditures | 6,692 | 4,594 | 2,022 | |||||||||||||||||||||
Goodwill | 47,174 | 44,027 | 47,174 | 44,027 | 37,027 | |||||||||||||||||||
Corporate [Member]
|
||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||||||||
Sales from external customers | 0 | 0 | 0 | |||||||||||||||||||||
Depreciation and amortization expense | 1,143 | 568 | 382 | |||||||||||||||||||||
Operating income (loss) | (34,821) | (31,249) | (23,318) | |||||||||||||||||||||
Total assets | 187,729 | [1],[4] | 26,079 | [1],[2] | 187,729 | [1],[4] | 26,079 | [1],[2] | 98,424 | [1],[3] | ||||||||||||||
Capital expenditures | 2,652 | 2,809 | 1,293 | |||||||||||||||||||||
Medical respiratory products [Member] | BioMedical [Member]
|
||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||||||||
Sales from external customers | 138,411 | 95,666 | 41,793 | |||||||||||||||||||||
Biological storage systems [Member] | BioMedical [Member]
|
||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||||||||
Sales from external customers | 60,809 | 52,695 | 43,966 | |||||||||||||||||||||
BioMedical Segment - Other [Member] | BioMedical [Member]
|
||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||||||||
Sales from external customers | 0 | 0 | 4,428 | |||||||||||||||||||||
Cryogenic bulk storage systems [Member] | Distribution & Storage [Member]
|
||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||||||||
Sales from external customers | 183,932 | 117,907 | 135,523 | |||||||||||||||||||||
Cryogenic packaged gas systems and beverage liquid CO2 systems [Member] | Distribution & Storage [Member]
|
||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||||||||
Sales from external customers | 147,526 | 103,129 | 80,278 | |||||||||||||||||||||
Cryogenic systems and components [Member] | Distribution & Storage [Member]
|
||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||||||||
Sales from external customers | 33,038 | 20,221 | 10,987 | |||||||||||||||||||||
Cryogenic services [Member] | Distribution & Storage [Member]
|
||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||||||||
Sales from external customers | 25,836 | 28,036 | 25,409 | |||||||||||||||||||||
Heat exchangers [Member] | Energy & Chemicals [Member]
|
||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||||||||
Sales from external customers | 158,975 | 113,313 | 172,374 | |||||||||||||||||||||
Cold boxes and LNG VIP [Member] | Energy & Chemicals [Member]
|
||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||||||||
Sales from external customers | 46,058 | 24,488 | 82,700 | |||||||||||||||||||||
United States [Member]
|
||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||||||||
Sales from external customers | 503,011 | 391,691 | 441,583 | |||||||||||||||||||||
Reconciliation of the reportable segments' operating income to consolidated income before taxes and minority interest | ||||||||||||||||||||||||
Sales | 503,011 | 391,691 | 441,583 | |||||||||||||||||||||
Long-lived assets | 326,439 | 391,428 | 326,439 | 391,428 | ||||||||||||||||||||
Czech Republic [Member]
|
||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||||||||
Sales from external customers | 87,285 | 72,486 | 79,865 | |||||||||||||||||||||
Reconciliation of the reportable segments' operating income to consolidated income before taxes and minority interest | ||||||||||||||||||||||||
Sales | 87,285 | 72,486 | 79,865 | |||||||||||||||||||||
Long-lived assets | 78,921 | 86,680 | 78,921 | 86,680 | ||||||||||||||||||||
China [Member]
|
||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||||||||
Sales from external customers | 71,752 | 45,203 | 28,641 | |||||||||||||||||||||
Reconciliation of the reportable segments' operating income to consolidated income before taxes and minority interest | ||||||||||||||||||||||||
Sales | 71,752 | 45,203 | 28,641 | |||||||||||||||||||||
Long-lived assets | 73,469 | 69,243 | 73,469 | 69,243 | ||||||||||||||||||||
Germany [Member]
|
||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||||||||
Sales from external customers | 122,001 | 0 | 0 | |||||||||||||||||||||
Reconciliation of the reportable segments' operating income to consolidated income before taxes and minority interest | ||||||||||||||||||||||||
Sales | 122,001 | 0 | 0 | |||||||||||||||||||||
Long-lived assets | 95,932 | 0 | 95,932 | 0 | ||||||||||||||||||||
Other Non-U.S. Countries [Member]
|
||||||||||||||||||||||||
Segment Reporting Information [Line Items] | ||||||||||||||||||||||||
Sales from external customers | 10,536 | 46,075 | 47,369 | |||||||||||||||||||||
Reconciliation of the reportable segments' operating income to consolidated income before taxes and minority interest | ||||||||||||||||||||||||
Sales | 10,536 | 46,075 | 47,369 | |||||||||||||||||||||
Long-lived assets | $ 2,085 | $ 1,392 | $ 2,085 | $ 1,392 | ||||||||||||||||||||
|
Lease Commitments (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2009
|
|
Leases [Abstract] | |||
Rental expense under operating leases | $ 8,817 | $ 8,481 | $ 7,221 |
Future minimum lease payments for non-cancelable operating leases | |||
2012 | 6,841 | ||
2013 | 6,256 | ||
2014 | 4,835 | ||
2015 | 3,619 | ||
2016 | 2,537 | ||
Thereafter | 10,933 | ||
Future minimum lease payments | $ 35,021 |
Restructuring Activities (Tables)
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2011
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Restructuring and Related Costs | The following tables summarize the Company’s restructuring activities for the years ended December 31, 2011, 2010 and 2009:
|
Schedule II - Valuation and Qualifying Accounts (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2009
|
||||||||||
Allowance for doubtful accounts [Member]
|
||||||||||||
Movement in Valuation Allowances and Reserves | ||||||||||||
Balance at beginning of period | $ 3,008 | $ 1,727 | $ 2,312 | |||||||||
Additions - Charged to costs and expenses | 4,205 | 3,326 | 2,386 | |||||||||
Additions - Charged to other accounts | 52 | [1] | 489 | [1] | 0 | |||||||
Deductions | (4,919) | [2] | (2,552) | [2] | (3,007) | [2] | ||||||
Translations | 14 | 18 | 36 | |||||||||
Balance at end of period | 2,360 | 3,008 | 1,727 | |||||||||
Allowance for obsolete and excess inventory [Member]
|
||||||||||||
Movement in Valuation Allowances and Reserves | ||||||||||||
Balance at beginning of period | 3,181 | 4,184 | 1,912 | |||||||||
Additions - Charged to costs and expenses | 3,331 | 1,800 | 4,450 | |||||||||
Additions - Charged to other accounts | 0 | 201 | [1] | 910 | [1] | |||||||
Deductions | (3,398) | [3] | (2,965) | [3] | (3,148) | [3] | ||||||
Translations | 77 | (39) | 60 | |||||||||
Balance at end of period | $ 3,191 | $ 3,181 | $ 4,184 | |||||||||
|
Nature of Operations and Summary of Significant Accounting Policies Narrative (Details)
In Thousands, unless otherwise specified |
12 Months Ended | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2011
USD ($)
customers
|
Dec. 31, 2010
USD ($)
|
Dec. 31, 2009
USD ($)
|
Dec. 31, 2011
Czech koruna against Euro [Member]
CZK
|
Dec. 31, 2011
Euro against U.S. dollar [Member]
EUR (€)
|
Dec. 31, 2011
Czech koruna against U.S. Dollar [Member]
CZK
|
Dec. 31, 2011
Japanese Yen against U.S. dollar [Member]
JPY (¥)
|
Dec. 31, 2010
Japanese Yen against U.S. dollar [Member]
JPY (¥)
|
Dec. 31, 2011
Euros against the Czech koruna [Member]
EUR (€)
|
Dec. 31, 2010
Euros against the Czech koruna [Member]
EUR (€)
|
Dec. 31, 2011
Norwegian kroner against euro [Member]
NOK
|
Dec. 31, 2011
British pounds against the U.S. dollar [Member]
GBP (£)
|
Dec. 31, 2010
U.S. dollars against the euro [Member]
USD ($)
|
Dec. 31, 2010
Austrailian dollars against the U.S. dollar [Member]
AUD
|
Dec. 31, 2010
British pounds against the euro [Member]
GBP (£)
|
Dec. 31, 2010
Foreign Exchange Forward [Member]
USD ($)
|
|
Minimum ownership percentage of investments in affiliates required to be accounted for under the equity method | 20.00% | |||||||||||||||
Maximum ownership percentage of investments in affiliates required to be accounted for under the equity method | 50.00% | |||||||||||||||
Minimum maturity duration of short-term, highly liquid variable-rate intruments | 3 months | |||||||||||||||
Maximum maturity duration of short-term, highly liquid variable-rate intruments | 6 months | |||||||||||||||
Foreign currency translation adjustments | $ 12,635 | $ 14,938 | ||||||||||||||
Pension liability adjustments, net of taxes | (9,642) | (5,127) | ||||||||||||||
Warranty expense | 7,420 | 5,893 | 3,316 | |||||||||||||
Percentage of sales from foreign countries | 58.00% | 57.00% | 59.00% | |||||||||||||
Number of top customers used for evaluation of credit risk of consolidated sales | 10 | |||||||||||||||
Maximum percentage of consolidated sales attributable to one customer | 10.00% | 10.00% | 10.00% | |||||||||||||
Percentage of sales from top ten customers | 36.00% | 38.00% | 47.00% | |||||||||||||
Allowance for doubtful accounts | 2,360 | 3,008 | ||||||||||||||
Inventory, Net [Abstract] | ||||||||||||||||
Raw materials and supplies | 64,832 | 35,565 | ||||||||||||||
Work in process | 36,045 | 23,643 | ||||||||||||||
Finished goods | 48,945 | 45,227 | ||||||||||||||
Inventories, net | 149,822 | 104,435 | ||||||||||||||
Gain (loss) on foreign currency hedges | 1,233 | (630) | 1,492 | |||||||||||||
Forward currency contract amounts | 17,500 | 11,500 | 4,700 | 130,000 | 386,853 | 3,340 | 16,900 | 3,000 | 250 | 5,000 | 500 | 75 | ||||
Fair value of derivative assets | 489 | |||||||||||||||
Fair value of derivative liability | 107 | 807 | ||||||||||||||
Movement in Standard Product Warranty Accrual [Roll Forward] | ||||||||||||||||
Balance at beginning of period | 12,101 | 8,764 | 8,636 | |||||||||||||
Warranty usage | (8,085) | (3,827) | (4,335) | |||||||||||||
Acquired warranty reserves | 1,745 | 1,271 | 1,147 | |||||||||||||
Balance at end of period | 13,181 | 12,101 | 8,764 | |||||||||||||
Pension liability adjustment taxes | (2,633) | (470) | ||||||||||||||
Accumluated other comprehensive income | $ 2,993 | $ 9,811 |
Contingencies (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |
---|---|---|
Dec. 31, 2011
|
Dec. 31, 2010
|
|
Commitments and Contingencies Disclosure [Abstract] | ||
Accrual for Environmental Loss Contingencies | $ 4,645 | $ 6,355 |
Expected Number of Years of Environmental Remediation Expeditures | 16 years |
Balance Sheet Components
|
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2011
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Supplemental Balance Sheet Disclosures [Text Block] | Balance Sheet Components The following table summarizes the components of other current assets, other assets, net, other current liabilities and other long-term liabilities on the Company’s consolidated balance sheet as of December 31, 2011 and 2010:
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