Goodwill and Other Intangible Assets

9 Months Ended

Sep. 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 nine months ended September 30, 2012:



	Communication Technologies			Energy		Engineered Systems		Printing & Identification		Total
Balance at January 1, 2012	$	1,204,582		$	622,335	$	935,420	$	1,024,780	$	3,787,117
Acquisitions	—			108,856		151,590		—		260,446
Purchase price adjustments	(6,998		)	—		—		—		(6,998		)
Foreign currency translation	201			3,830		799		1,898		6,728
Balance at September 30, 2012	$	1,197,785		$	735,021	$	1,087,809	$	1,026,678	$	4,047,293

During the nine months ended September 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:



	September 30, 2012				December 31, 2011
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortized Intangible Assets:
Trademarks	$	91,018	$	25,065	$	66,428	$	20,518
Patents	156,718		107,150		145,864		99,990
Customer Intangibles	1,354,926		465,694		1,171,608		380,196
Unpatented Technologies	145,950		108,729		142,405		98,193
Drawings & Manuals	33,694		7,209		8,165		5,153
Distributor Relationships	73,163		31,349		73,162		28,500
Other	46,509		22,360		28,677		20,251
Total	1,901,978		767,556		1,636,309		652,801
Unamortized Intangible Assets:
Trademarks	210,172				223,576
Total Intangible Assets	$	2,112,150	$	767,556	$	1,859,885	$	652,801

Amortization expense totaled $40,266 and $37,772 for the three months ended September 30, 2012 and 2011, respectively. For the nine months ended September 30, 2012 and 2011, amortization expense was $115,608 and $92,497, respectively.

- 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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