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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2016
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 the Company:
 
Industrial
 
Aerospace
 
Total
Company
January 1, 2015
$
564,163

 
$
30,786

 
$
594,949

Acquisition-related
22,798

 

 
22,798

Foreign currency translation
(29,755
)
 

 
(29,755
)
December 31, 2015
557,206

 
30,786

 
587,992

Acquisition-related
73,688

 


73,688

Foreign currency translation
(28,244
)
 

 
(28,244
)
December 31, 2016
$
602,650

 
$
30,786

 
$
633,436

Schedule of Intangible Assets
Other intangible assets at December 31 consisted of:
 
 
 
 
 
2016
 
2015
 
 
Range of
Life-Years
 
Gross
Amount
 
Accumulated
Amortization
 
Gross
Amount
 
Accumulated
Amortization
Amortized intangible assets:
 
 
 
 
 
 
 
 
 
 
Revenue Sharing Programs
 
Up to 30
 
$
293,700

 
$
(95,701
)
 
$
293,700

 
$
(84,629
)
Component Repair Program
 
Up to 30
 
111,839

 
(10,497
)
 
111,839

 
(6,054
)
Customer lists/relationships
 
10-16
 
215,266

 
(53,198
)
 
194,566

 
(41,786
)
Patents and technology
 
4-14
 
84,052

 
(37,897
)
 
69,352

 
(29,551
)
Trademarks/trade names
 
10-30
 
11,950

 
(9,967
)
 
11,950

 
(9,412
)
Other
 
Up to 15
 
20,551

 
(16,338
)
 
20,551

 
(15,413
)
 
 
 
 
737,358

 
(223,598
)
 
701,958

 
(186,845
)
Unamortized intangible asset:
 
 
 
 
 
 
 
 
 
 
Trade names
 
 
 
42,770

 

 
38,370

 

 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation
 
 
 
(34,272
)
 

 
(25,161
)
 

Other intangible assets
 
 
 
$
745,856

 
$
(223,598
)
 
$
715,167

 
$
(186,845
)