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Goodwill And Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by Segment
 
The following table shows goodwill by segment as of December 31, 2019 and 2018 (in thousands):
 
Energy
 
Aerospace & Defense
 
Industrial
 
Consolidated
Total
Goodwill as of December 31, 2018
$
96,272

 
$
57,418

 
$
296,915

 
$
450,605

Business divestiture

 

 
(85,474
)
 
(85,474
)
Reclassification of Instrumentation & Sampling to assets held for sale
(91,492
)
 

 

 
(91,492
)
Currency translation adjustments
(4,780
)
 
(33
)
 
3,067

 
(1,746
)
Goodwill as of December 31, 2019
$

 
$
57,385

 
$
214,508

 
$
271,893



 
Energy
 
Aerospace & Defense
 
Industrial
 
Consolidated
Total
Goodwill as of December 31, 2017
$
145,458

 
$
62,548

 
$
289,156

 
$
497,162

Held for sale
(40,372
)
 

 

 
(40,372
)
Measurement Period adjustments related to acquisitions
(4,742
)
 
(5,046
)
 
17,984

 
8,196

Business divestiture

 

 
(3,394
)
 
(3,394
)
Currency translation adjustments
(4,072
)
 
(84
)
 
(6,831
)
 
(10,987
)
Goodwill as of December 31, 2018
$
96,272

 
$
57,418

 
$
296,915

 
$
450,605


Gross Intangible Assets and Related Accumulated Amortization

The tables below present gross intangible assets and the related accumulated amortization (in thousands):
 
December 31, 2019
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying Value
Patents
$
5,368

 
$
(5,368
)
 
$

Customer relationships
300,284

 
(83,411
)
 
216,873

Order backlog
22,789

 
(20,517
)
 
2,272

Acquired technology
134,731

 
(43,890
)
 
90,841

Other
341

 
(341
)
 

Total Amortized Assets
$
463,513


$
(153,527
)

$
309,986

 
 
 
 
 
 
Non-amortized intangibles (primarily trademarks and trade names)
$
75,556

 
$

 
$
75,556

 
 
 
 
 
 
Net Carrying Value of Intangible assets


 


 
$
385,542

 
 
 
 
 
 
 
December 31, 2018
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying Value
Patents
$
5,399

 
$
(5,399
)
 
$

Customer relationships
305,866

 
(56,133
)
 
249,733

Order backlog
23,354

 
(18,746
)
 
4,608

Acquired technology
133,247

 
(23,883
)
 
109,364

Other
4,599

 
(4,195
)
 
404

Total Amortized Assets
$
472,465

 
$
(108,356
)
 
$
364,109

 
 
 
 
 
 
Non-amortized intangibles (primarily trademarks and trade names)
$
76,172

 
$

 
$
76,172

 
 
 
 
 
 
Net Carrying Value of Intangible assets
 
 
 
 
$
440,281


Estimated Future Amortization Expense
The table below presents estimated future amortization expense for intangible assets recorded as of December 31, 2019 (in thousands):
 
2020
 
2021
 
2022
 
2023
 
2024
 
After 2025
Estimated amortization expense
$
43,251

 
$
41,314

 
$
36,310

 
$
31,839

 
$
27,982

 
$
129,290