Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 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	—		119,035		—		119,035

Disposition of business	—		(4,739)		—		(4,739)
Foreign currency translation	748		3,195		21		3,964
Balance at June 30, 2019	$	1,624,408	$	1,625,093	$	546,087	$	3,795,588

During the six months ended June 30, 2019, the Company recorded additions of $119,035 to goodwill as a result of the acquisitions with the Fluids segment discussed in Note 4 — Acquisitions. During the six months ended June 30, 2019, the Company disposed of $4,739 of the Fluids segment goodwill as a result of the sale of a business as discussed in Note 5 — Disposed and Discontinued Operations.

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


	June 30, 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	$	1,418,487	$	671,566	$	746,921	$	1,395,742	$	645,305	$	750,437
Trademarks	218,866		78,415		140,451		214,774		72,305		142,469
Patents	160,402		131,435		28,967		144,302		128,254		16,048
Unpatented technologies	155,484		93,046		62,438		155,380		85,560		69,820
Distributor relationships	83,106		41,144		41,962		82,970		37,943		45,027
Drawings & manuals	27,882		21,511		6,371		31,849		23,273		8,576
Other	21,922		16,373		5,549		21,046		15,835		5,211
Total	2,086,149		1,053,490		1,032,659		2,046,063		1,008,475		1,037,588
Unamortized intangible assets:
Trademarks	96,693		—		96,693		96,668		—		96,668
Total intangible assets, net	$	2,182,842	$	1,053,490	$	1,129,352	$	2,142,731	$	1,008,475	$	1,134,256

Amortization expense was $34,738 and $36,356, respectively, including acquisition-related intangible amortization of $34,219 and $35,945 for the three months ended June 30, 2019 and 2018, respectively. For the six months ended June 30, 2019 and 2018, amortization expense was $70,288 and $72,817, respectively, including acquisition-related intangible amortization of $69,374 and $71,834, respectively.