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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
The following table provides the changes in carrying value of goodwill by segment for the six months ended June 30, 2014:
 
Energy
 
Engineered Systems
 
Fluids
 
Refrigeration & Food Equipment
 
Total
Balance at December 31, 2013
$
727,972

 
$
1,374,036

 
$
721,577

 
$
457,408

 
$
3,280,993

Reallocation due to business realignment

 
8,995

 
(117,419
)
 
108,424

 

Reallocation due to Knowles separation

 
(19,749
)
 

 

 
(19,749
)
Acquisitions
10,755

 
72,407

 

 

 
83,162

Purchase price adjustments
(395
)
 

 
6,452

 

 
6,057

Foreign currency translation and other
2,756

 
(625
)
 
(1,648
)
 
(259
)
 
224

Balance at June 30, 2014
$
741,088

 
$
1,435,064

 
$
608,962

 
$
565,573

 
$
3,350,687

Schedule of Intangible Assets
The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset:
 
June 30, 2014
 
December 31, 2013
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Gross Carrying
Amount
 
Accumulated
Amortization
Amortized intangible assets:
 
 
 
 
 
 
 
Trademarks
$
135,967

 
$
39,955

 
$
126,634

 
$
34,232

Patents
158,653

 
108,157

 
154,236

 
102,804

Customer Intangibles
1,317,420

 
491,242

 
1,288,483

 
433,179

Unpatented Technologies
90,668

 
41,305

 
80,483

 
35,891

Drawings & Manuals
38,706

 
12,095

 
41,800

 
10,462

Distributor Relationships
72,514

 
37,345

 
72,514

 
35,447

Other
48,735

 
22,861

 
33,832

 
21,664

Total
1,862,663

 
752,960

 
1,797,982

 
673,679

Unamortized intangible assets:
 
 
 
 
 
 
 
Trademarks
169,855

 
 
 
169,874

 
 
Total intangible assets, net
$
1,279,558

 
 
 
$
1,294,177