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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
The following table provides the changes in carrying value of goodwill by segment for the three months ended March 31, 2015:
 
Energy
 
Engineered Systems
 
Fluids
 
Refrigeration & Food Equipment
 
Total
Balance at December 31, 2014
$
1,048,735

 
$
1,270,178

 
$
609,663

 
$
562,981

 
$
3,491,557

Acquisitions

 

 

 
1,932

 
1,932

Purchase price adjustments
7,390

 

 

 

 
7,390

Foreign currency translation and other
(5,259
)
 
(14,124
)
 
(14,584
)
 
(2,871
)
 
(36,838
)
Balance at March 31, 2015
$
1,050,866

 
$
1,256,054

 
$
595,079

 
$
562,042

 
$
3,464,041

Schedule of Intangible Assets
The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset:
 
March 31, 2015
 
December 31, 2014
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Gross Carrying
Amount
 
Accumulated
Amortization
Amortized intangible assets:
 
 
 
 
 
 
 
Trademarks
$
136,706

 
$
36,572

 
$
138,650

 
$
34,097

Patents
148,411

 
109,239

 
150,404

 
108,484

Customer Intangibles
1,410,468

 
510,376

 
1,429,906

 
484,449

Unpatented Technologies
90,897

 
48,160

 
92,480

 
45,812

Drawings & Manuals
34,584

 
13,416

 
36,377

 
13,087

Distributor Relationships
64,614

 
35,185

 
64,614

 
34,377

Other
24,293

 
13,559

 
24,214

 
12,737

Total
1,909,973

 
766,507

 
1,936,645

 
733,043

Unamortized intangible assets:
 
 
 
 
 
 
 
Trademarks
165,669

 
 
 
165,918

 
 
Total intangible assets, net
$
1,309,135

 
 
 
$
1,369,520