Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31, 2021:

	Industrial		Aerospace		Total Company
December 31, 2020	$	980,794	$	30,786	$	1,011,580
Foreign currency translation	(39,729)		—		(39,729)
March 31, 2021	$	941,065	$	30,786	$	971,851

Schedule of Intangible Assets

Other intangible assets consisted of:

		March 31, 2021				December 31, 2020
	Range of Life -Years	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Amortized intangible assets:
Revenue Sharing Programs (RSPs)	Up to 30	$	299,500	$	(144,937)	$	299,500	$	(143,209)
Component Repair Programs (CRPs)	Up to 30	111,839		(31,918)		111,839		(30,869)
Customer relationships	10-16	338,366		(123,806)		338,366		(118,752)
Patents and technology	4-11	123,433		(79,623)		123,433		(77,311)
Trademarks/trade names	10-30	10,949		(10,431)		10,949		(10,377)
Other	Up to 15	10,746		(4,733)		10,746		(4,580)
		894,833		(395,448)		894,833		(385,098)
Unamortized intangible assets:
Trade names		55,670		—		55,670		—
Foreign currency translation		(13,907)		—		(1,273)		—
Other intangible assets		$	936,596	$	(395,448)	$	949,230	$	(385,098)