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Goodwill and Other Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2014
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, 2014:
 
Industrial
 
Aerospace
 
Total Company
January 1, 2014
$
618,911

 
$
30,786

 
$
649,697

Foreign currency translation
(36,399
)
 
—

 
(36,399
)
September 30, 2014
$
582,512

 
$
30,786

 
$
613,298
Schedule of Finite-Lived Intangible Assets by Major Class
Other intangible assets consisted of:
 
 
 
September 30, 2014
 
December 31, 2013
 
Range of
Life -Years
 
Gross Amount
 
Accumulated Amortization
 
Gross Amount
 
Accumulated Amortization
Amortized intangible assets:
 
 
 
 
 
 
 
 
 
Revenue sharing programs (RSPs)
Up to 30
 
$
293,700

 
$
(70,974
)
 
$
293,700

 
$
(64,220
)
Component repair programs (CRPs)
Up to 18
 
106,639

 
(1,210
)
 
26,639

 
—

Customer lists/relationships
10-18
 
183,406

 
(27,417
)
 
183,406

 
(18,293
)
Patents and technology
7-14
 
62,972

 
(20,222
)
 
62,972

 
(14,210
)
Trademarks/trade names
5-30
 
11,950

 
(8,342
)
 
11,950

 
(7,628
)
Other
Up to 15
 
19,292

 
(14,785
)
 
19,292

 
(9,868
)
 
 
 
677,959

 
(142,950
)
 
597,959

 
(114,219
)
Unamortized intangible asset:
 
 
 
 
 
 
 
 
 
Trade names
 
 
36,900

 


 
36,900

 


Foreign currency translation
 
 
(1,541
)
 
—

 
13,653

 
—

Other intangible assets
 
 
$
713,318

 
$
(142,950
)
 
$
648,512

 
$
(114,219
)