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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2017
Goodwill [Line Items]  
Goodwill
The changes in the carrying value of goodwill by reportable operating segments were as follows:
 
Engineered Systems
 
Fluids
 
Refrigeration & Food Equipment
 
Energy
 
Total
Balance at December 31, 2016
$
1,567,216

 
$
1,413,508

 
$
536,179

 
$
1,045,774

 
$
4,562,677

Acquisitions
24,649

 

 

 

 
24,649

Purchase price adjustments
6,826

 
(40,985
)
 

 

 
(34,159
)
Disposition of business
(27,793
)
 

 

 

 
(27,793
)
Foreign currency translation
60,241

 
41,191

 
811

 
6,132

 
108,375

Balance at September 30, 2017
$
1,631,139

 
$
1,413,714

 
$
536,990

 
$
1,051,906

 
$
4,633,749

Schedule of Intangible Assets
The Company’s definite-lived and indefinite-lived intangible assets by major asset class were as follows:
 
September 30, 2017
 
December 31, 2016
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying Amount
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying Amount
Amortized intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Customer intangibles
$
2,019,947

 
$
843,825

 
$
1,176,122

 
$
1,942,974

 
$
718,135

 
$
1,224,839

Trademarks
254,217

 
71,640

 
182,577

 
246,619

 
56,455

 
190,164

Patents
161,904

 
129,174

 
32,730

 
157,491

 
119,828

 
37,663

Unpatented technologies
163,034

 
77,561

 
85,473

 
155,752

 
64,648

 
91,104

Distributor relationships
124,215

 
51,918

 
72,297

 
113,463

 
44,914

 
68,549

Drawings & manuals
35,967

 
22,202

 
13,765

 
37,744

 
23,114

 
14,630

Other
34,803

 
22,455

 
12,348

 
31,632

 
21,184

 
10,448

Total
2,794,087

 
1,218,775

 
1,575,312

 
2,685,675

 
1,048,278

 
1,637,397

Unamortized intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Trademarks
165,818

 

 
165,818

 
165,526

 

 
165,526

Total intangible assets, net
$
2,959,905

 
$
1,218,775

 
$
1,741,130

 
$
2,851,201

 
$
1,048,278

 
$
1,802,923