Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

The changes in the carrying value of goodwill by segment for the years ended December 31, 2015 and 2014 are as follows:



	Energy			Engineered Systems				Fluids			Refrigeration & Food Equipment				Total
Goodwill	$	727,972		$	1,221,210			$	664,128		$	565,831			$	3,179,141
Accumulated impairment loss	—			(10,591		)		(59,970		)	—				(70,561		)
Balance at January 1, 2014	727,972			1,210,619				604,158			565,831				3,108,580
Acquisitions	325,438			80,581				25,097			1,022				432,138
Purchase price adjustments	(395		)	—				11,350			—				10,955
Foreign currency translation	(4,280		)	(21,022		)		(30,942		)	(3,872		)		(60,116		)
Balance at December 31, 2014	1,048,735			1,270,178				609,663			562,981				3,491,557
Acquisitions	—			238,618				73,251			3,832				315,701
Purchase price adjustments	8,604			—				—			—				8,604
Disposition of business	—			(19,128		)	⁽¹⁾	—			(3,749		)	⁽²⁾	(22,877		)
Foreign currency translation and other	(10,159		)	(15,804		)		(27,169		)	(2,464		)		(55,596		)
Balance at December 31, 2015	$	1,047,180		$	1,473,864			$	655,745		$	560,600			$	3,737,389


(1)	Amount reflects additional goodwill allocated to Sargent Aerospace upon its disposition, based on the fair value of the business relative to the remaining entities in its reporting unit.


(2)	Amount reflects goodwill disposed of in connection with the divestiture of a product line within the Refrigeration and Food Equipment segment.

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



	December 31, 2015				December 31, 2014
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortized intangible assets:
Trademarks	$	150,926	$	45,536	$	138,650	$	34,097
Patents	150,570		112,399		150,404		108,484
Customer Intangibles	1,567,048		595,635		1,429,906		484,449
Unpatented Technologies	137,919		56,495		92,480		45,812
Drawings & Manuals	34,232		15,760		36,377		13,087
Distributor Relationships	64,614		37,610		64,614		34,377
Other	23,923		18,168		24,214		12,737
Total	$	2,129,232	$	881,603	$	1,936,645	$	733,043
Unamortized intangible assets:
Trademarks	165,594				165,918
Total intangible assets, net	$	1,413,223			$	1,369,520

Amortization expense for the next five years, based on current intangible balances, is estimated to be as follows: