Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

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

	Engineered Systems		Fluids		Refrigeration & Food Equipment		Total
Goodwill	$	1,636,291	$	1,563,938	$	536,179	$	3,736,408
Accumulated impairment loss	(10,591)		(59,970)		—		(70,561)
Balance at January 1, 2017	$	1,625,700	$	1,503,968	$	536,179	$	3,665,847
Acquisitions	30,180		—		—		30,180
Purchase price adjustments	6,826		(35,939)		—		(29,113)
Disposition of business	(79,113)		—		(296)		(79,409)
Foreign currency translation	61,796		36,255		816		98,867
Balance at December 31, 2017	1,645,389		1,504,284		536,699		3,686,372
Reallocation due to Apergy separation	3,546		—		—		3,546
Acquisitions	—		36,303		10,408		46,711
Purchase price adjustments	328		—		—		328
Foreign currency translation	(25,603)		(32,985)		(1041)		(59,629)
Balance at December 31, 2018	$	1,623,660	$	1,507,602	$	546,066	$	3,677,328

Schedule of Intangible Assets

The Company's definite-lived and indefinite-lived intangible assets by major asset class were as follows:

	December 31, 2018						December 31, 2017
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	1,395,742	$	645,305	$	750,437	$	1,405,361	$	559,447	$	845,914
Trademarks	214,774		72,305		142,469		217,621		58,523		159,098
Patents	144,302		128,254		16,048		145,577		123,135		22,442
Unpatented technologies	155,380		85,560		69,820		152,913		71,284		81,629
Distributor relationships	82,970		37,943		45,027		85,794		32,092		53,702
Drawings & manuals	31,849		23,273		8,576		32,739		20,767		11,972
Other	21,046		15,835		5,211		23,095		12,028		11,067
Total	2,046,063		1,008,475		1,037,588		2,063,100		877,276		1,185,824
Unamortized intangible assets:
Trademarks	96,668		—		96,668		96,800		—		96,800
Total intangible assets, net	$	2,142,731	$	1,008,475	$	1,134,256	$	2,159,900	$	877,276	$	1,282,624

Future Amortization Expense

Estimated future amortization expense related to intangible assets held at December 31, 2018 is as follows:

	Estimated Amortization
2019	$	131,936
2020	123,425
2021	117,381
2022	103,917
2023	93,854