Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

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

	Engineered Products		Fueling Solutions		Imaging & Identification		Pumps & Process Solutions		Refrigeration & Food Equipment		Total
Goodwill	$	695,041	$	794,635	$	960,939	$	769,619	$	536,699	$	3,756,933
Accumulated impairment loss	(10,591)		—		—		(59,970)		—		(70,561)
Balance at January 1, 2018	684,450		794,635		960,939		709,649		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	(8,803)		(24,016)		(16,799)		(8,970)		(1,041)		(59,629)
Balance at December 31, 2018	679,193		770,619		944,468		736,982		546,066		3,677,328
Acquisitions	—		97,898		—		21,614		—		119,512
Reallocation due to reporting unit changes	(40,394)		—		40,394		—		—		—
Disposition of business	—		—		—		(4,739)		—		(4,739)
Foreign currency translation	(2,228)		4,864		(7,793)		(3,230)		(367)		(8,754)
Balance at December 31, 2019	$	636,571	$	873,381	$	977,069	$	750,627	$	545,699	$	3,783,347

Schedule of Intangible Assets

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

	December 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	$	1,410,636	$	714,566	$	696,070	$	1,395,742	$	645,305	$	750,437
Trademarks	218,064		85,791		132,273		214,774		72,305		142,469
Patents	159,376		133,677		25,699		144,302		128,254		16,048
Unpatented technologies	154,505		99,276		55,229		155,380		85,560		69,820
Distributor relationships	82,779		44,202		38,577		82,970		37,943		45,027
Drawings & manuals	27,500		22,403		5,097		31,849		23,273		8,576
Other	22,355		16,939		5,416		21,046		15,835		5,211
Total	2,075,215		1,116,854		958,361		2,046,063		1,008,475		1,037,588
Unamortized intangible assets:
Trademarks	96,653		—		96,653		96,668		—		96,668
Total intangible assets, net	$	2,171,868	$	1,116,854	$	1,055,014	$	2,142,731	$	1,008,475	$	1,134,256

Future Amortization Expense

Estimated future amortization expense related to intangible assets held at December 31, 2019 is as follows:

	Estimated Amortization
2020	$	127,990
2021	122,079
2022	108,670
2023	98,960
2024	94,528