Goodwill (Tables)

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Carrying value of goodwill by reporting segment and the activity

In August 2017, the Company announced a realignment of its business operations into three reportable operating segments effective as of January 1, 2018. Because of this realignment, the Company reassigned its reported goodwill as of January 1, 2018 to its new reportable segments based on the relative fair value of the respective reporting units at that time. Goodwill was reallocated as follows (in thousands):

	January 1,
	2018
Industrial	$	389,575
Government and Defense	291,229
Commercial	229,007
	$	909,811

After the reassignment of goodwill, the Company performed an impairment test of the new reporting units as of January 1, 2018. As a result of this analysis, no impairment was identified. The reassignment and impairment test were completed during the three months ended June 30, 2018. See Note 18, "Operating Segments and Related Information" of the Notes to the Consolidated Financial Statements for additional information on the three new reportable operating segments.

The carrying value of goodwill and the activity for the two year period ending December 31, 2018 are as follows (in thousands):

Balance, December 31, 2016	$	801,406
Goodwill from acquisitions	96,431
Classification as asset held for sale	(13,090		)
Currency translation adjustments	25,064
Balance, December 31, 2017	909,811
Goodwill from acquisitions	9,228
Currency translation adjustments	(14,468		)
Balance, December 31, 2018	$	904,571