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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table sets forth the change in the carrying amount of goodwill for each reportable segment and for the Company as of and for the period ended September 30, 2012:
 
Aerospace
 
Industrial
 
Distribution
 
Total Company
January 1, 2012
$
30,786

 
$
192,544

 
$
142,774

 
$
366,104

Goodwill acquired

 
203,988

 

 
203,988

Foreign currency translation

 
7,034

 
377

 
7,411

September 30, 2012
$
30,786

 
$
403,566

 
$
143,151

 
$
577,503

Schedule of Finite-Lived Intangible Assets by Major Class
Other intangible assets consisted of:
 
 
 
September 30, 2012
 
December 31, 2011
 
Range of
Life -Years
 
Gross Amount
 
Accumulated Amortization
 
Gross Amount
 
Accumulated Amortization
Amortized intangible assets:
 
 
 
 
 
 
 
 
 
Revenue sharing programs (RSPs)
Up to 30
 
$
293,700

 
$
(52,072
)
 
$
293,700

 
$
(46,367
)
Customer lists/relationships
10-15
 
102,806

 
(19,635
)
 
23,506

 
(17,292
)
Patents and technology
7-14
 
41,972

 
(6,283
)
 
6,572

 
(5,211
)
Trademarks/trade names
5-30
 
12,750

 
(7,317
)
 
12,050

 
(6,618
)
Other
Up to 15
 
12,692

 
(5,866
)
 
11,492

 
(4,454
)
 
 
 
463,920

 
(91,173
)
 
347,320

 
(79,942
)
Unamortized intangible asset:
 
 
 
 
 
 
 
 
 
Trade name
 
 
10,000

 

 

 

 
 
 
 
 
 
 
 
 
 
Foreign currency translation
 
 
6,798

 

 
4,714

 

Other intangible assets
 
 
$
480,718

 
$
(91,173
)
 
$
352,034

 
$
(79,942
)