Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

9. Goodwill and Other Intangible Assets

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


	Engineered Systems		Fluids		Refrigeration & Food Equipment		Total
Balance at December 31, 2018	$	1,623,660	$	1,507,602	$	546,066	$	3,677,328
Acquisitions	—		97,817		—		97,817

Held for sale	—		(4,739)		—		(4,739)
Foreign currency translation	(1,460)		8,386		(55)		6,871
Balance at March 31, 2019	$	1,622,200	$	1,609,066	$	546,011	$	3,777,277

During the three months ended March 31, 2019, the Company recorded additions of $97,817 to goodwill as a result of the acquisition discussed in Note 4 — Acquisitions. As noted in Note 5 — Held for Sale, Disposed and Discontinued Operations, the Company classified Finder's assets and liabilities as held for sale as of March 31, 2019. As a result, the Fluids segment goodwill balance was reduced by $4,739.

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


	March 31, 2019										December 31, 2018
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	1,404,109	$	648,177	$	755,932	$	1,395,742	$	645,305	$	750,437
Trademarks	217,996		74,597		143,399		214,774		72,305		142,469
Patents	160,240		129,692		30,548		144,302		128,254		16,048
Unpatented technologies	155,481		89,379		66,102		155,380		85,560		69,820
Distributor relationships	83,804		39,750		44,054		82,970		37,943		45,027
Drawings & manuals	27,707		20,784		6,923		31,849		23,273		8,576
Other	21,434		15,927		5,507		21,046		15,835		5,211
Total	2,070,771		1,018,306		1,052,465		2,046,063		1,008,475		1,037,588
Unamortized intangible assets:
Trademarks	96,671		—		96,671		96,668		—		96,668
Total intangible assets, net	$	2,167,442	$	1,018,306	$	1,149,136	$	2,142,731	$	1,008,475	$	1,134,256

For the three months ended March 31, 2019 and 2018, amortization expense was $35,550 and $36,461, respectively, including acquisition-related intangible amortization of $35,155 and $35,889, respectively.