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Goodwill (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Carrying value and the activity
Goodwill was allocated to identified reporting units using a relative fair value approach. The following table presents changes in the carrying value of goodwill and the activity by reportable segment for the three months ended March 31, 2020 (in thousands):
 
 
Industrial Technologies
 
Defense Technologies
 
Consolidated
Balance, December 31, 2019
 
$
635,899

 
$
728,697

 
$
1,364,596

Goodwill from acquisitions
 

 
(12,617
)
 
(12,617
)
Currency translation adjustments
 
(7,244
)
 
(15,907
)
 
(23,151
)
Balance, March 31, 2020
 
$
628,655

 
$
700,173

 
$
1,328,828