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Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2015
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 June 30, 2015:
 
Industrial
 
Aerospace
 
Total Company
January 1, 2015
$
564,163

 
$
30,786

 
$
594,949

Foreign currency translation
(11,501
)
 
—

 
(11,501
)
June 30, 2015
$
552,662

 
$
30,786

 
$
583,448
Schedule of Finite-Lived Intangible Assets by Major Class
Other intangible assets consisted of:
 
 
 
June 30, 2015
 
December 31, 2014
 
Range of
Life -Years
 
Gross Amount
 
Accumulated Amortization
 
Gross Amount
 
Accumulated Amortization
Amortized intangible assets:
 
 
 
 
 
 
 
 
 
Revenue sharing programs (RSPs)
Up to 30
 
$
293,700

 
$
(78,820
)
 
$
293,700

 
$
(72,958
)
Component repair programs (CRPs)
Up to 30
 
106,639

 
(4,003
)
 
106,639

 
(1,941
)
Customer lists/relationships
10-16
 
183,406

 
(36,116
)
 
183,406

 
(30,731
)
Patents and technology
7-14
 
62,972

 
(25,834
)
 
62,972

 
(22,356
)
Trademarks/trade names
10-30
 
11,950

 
(9,008
)
 
11,950

 
(8,552
)
Other
Up to 15
 
19,292

 
(16,997
)
 
19,292

 
(14,806
)
 
 
 
677,959

 
(170,778
)
 
677,959

 
(151,344
)
Unamortized intangible asset:
 
 
 
 
 
 
 
 
 
Trade names
 
 
36,900

 
—

 
36,900

 
—

Foreign currency translation
 
 
(20,183
)
 
—

 
(8,821
)
 
—

Other intangible assets
 
 
$
694,676

 
$
(170,778
)
 
$
706,038

 
$
(151,344
)