Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The changes in the carrying value of goodwill by reportable operating segments were as follows:

	Energy			Engineered Systems			Fluids			Refrigeration & Food Equipment			Total
Goodwill	$	1,048,735		$	1,280,769		$	669,633		$	562,981		$	3,562,118
Accumulated impairment loss	—			(10,591		)	(59,970		)	—			(70,561		)
Balance at January 1, 2015	$	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		)	—			(3,749		)	(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
Acquisitions	—			126,140			782,173			—			908,313
Purchase price adjustments	—			363			4,860			768			5,991
Disposition of business	—			(9,615		)	—			(25,252		)	(34,867		)
Foreign currency translation and other	(1,406		)	(23,536		)	(29,270		)	63			(54,149		)
Balance at December 31, 2016	$	1,045,774		$	1,567,216		$	1,413,508		$	536,179		$	4,562,677

Schedule of Intangible Assets

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

	December 31, 2016						December 31, 2015
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Amortized intangible assets:
Customer intangibles	$	1,942,974	$	718,135	$	1,224,839	$	1,567,048	$	595,635	$	971,413
Trademarks	246,619		56,455		190,164		150,926		45,536		105,390
Patents	157,491		119,828		37,663		150,570		112,399		38,171
Unpatented Technologies	155,752		64,648		91,104		137,919		56,495		81,424
Distributor Relationships	113,463		44,914		68,549		64,614		37,610		27,004
Drawings & Manuals	37,744		23,114		14,630		34,232		15,760		18,472
Other	31,632		21,184		10,448		23,923		18,168		5,755
Total amortized intangibles	2,685,675		1,048,278		1,637,397		2,129,232		881,603		1,247,629
Unamortized intangible assets:
Trademarks	165,526		—		165,526		165,594		—		165,594
Total intangible assets	$	2,851,201	$	1,048,278	$	1,802,923	$	2,294,826	$	881,603	$	1,413,223

Future Amortization Expense

Estimated future amortization expense related to intangible assets held at December 31, 2016 is as follows:

	Estimated Amortization
2017	$	188,903
2018	187,235
2019	177,942
2020	170,607
2021	166,350