Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

5. Goodwill and Other Intangible Assets

The following table provides the changes in carrying value of goodwill by segment for the six months ended June 30, 2012:



	Communication Technologies			Energy			Engineered Systems			Printing & Identification			Total
Goodwill	$	1,204,582		$	622,335		$	1,005,981		$	1,024,780		$	3,857,678
Accumulated impairment loss	—			—			(70,561		)	—			(70,561		)
Balance at January 1, 2012	1,204,582			622,335			935,420			1,024,780			3,787,117
Acquisitions	—			108,856			154,549			—			263,405
Purchase price adjustments	(6,998		)	—			—			—			(6,998		)
Foreign currency translation	(12,010		)	(228		)	(6,988		)	(3,165		)	(22,391		)
Balance at June 30, 2012	$	1,185,574		$	730,963		$	1,082,981		$	1,021,615		$	4,021,133

During the six months ended June 30, 2012, the Company recorded adjustments totaling $6,998 to goodwill relating primarily to finalization of the purchase price allocation to assets acquired and liabilities assumed for the 2011 Sound Solutions acquisition.

The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset:



	June 30, 2012				December 31, 2011
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortized Intangible Assets:
Trademarks	$	90,352	$	23,166	$	66,428	$	20,518
Patents	155,163		104,169		145,864		99,990
Customer Intangibles	1,342,060		433,611		1,171,608		380,196
Unpatented Technologies	144,509		104,267		142,405		98,193
Drawings & Manuals	32,802		6,286		8,165		5,153
Distributor Relationships	73,142		30,380		73,162		28,500
Other	46,649		21,678		28,677		20,251
Total	1,884,677		723,557		1,636,309		652,801
Unamortized Intangible Assets:
Trademarks	209,690				223,576
Total Intangible Assets	$	2,094,367	$	723,557	$	1,859,885	$	652,801

Amortization expense totaled $39,938 and $27,229 for the three months ended June 30, 2012 and 2011, respectively. For the six months ended June 30, 2012 and 2011, amortization expense was $75,342 and $54,725.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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