SPX FLOW, Inc. - 10-Q filing on 2016-11-02

LITIGATION, CONTINGENT LIABILITIES AND OTHER MATTERS	9 Months Ended
LITIGATION, CONTINGENT LIABILITIES AND OTHER MATTERS	Oct. 01, 2016
Commitments and Contingencies Disclosure [Abstract]
LITIGATION, CONTINGENT LIABILITIES AND OTHER MATTERS	LITIGATION, CONTINGENT LIABILITIES AND OTHER MATTERS We are subject to litigation matters that arise in the normal course of business. We believe these matters are either without merit or of a kind that should not have a material effect, individually or in the aggregate, on our financial position, results of operations or cash flows. We are subject to domestic and international environmental protection laws and regulations with respect to our business operations and are operating in compliance with, or taking action aimed at ensuring compliance with, these laws and regulations. We believe our compliance obligations with environmental protection laws and regulations should not have a material effect, individually or in the aggregate, on our financial position, results of operations or cash flows. Mezzanine Equity Independent noncontrolling shareholders in certain foreign subsidiaries of the Company have put options under their respective joint venture operating agreements that allow these minority shareholders to sell their common stock to the controlling shareholders (wholly owned subsidiaries of SPX Flow, Inc.) upon the satisfaction of certain conditions, including the passage of time. The respective carrying values presented in Mezzanine Equity of our condensed consolidated balance sheet as of October 1, 2016 are stated at the the current exercise value of the put options, irrespective of whether the options are currently exercisable. To the extent the noncontrolling interests' put option price is correlated with the estimated fair value of the subsidiary, we have used the market method to estimate such fair values. This represents a level 3 fair value measurement. None of the noncontrolling interest put options are exercisable at this time. If and when such options are exercised, we expect to settle the option value in cash.