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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
The following table provides the changes in carrying value of goodwill by segment for the nine months ended September 30, 2014:
 
Energy
 
Engineered Systems
 
Fluids
 
Refrigeration & Food Equipment
 
Total
Balance at December 31, 2013
$
727,972

 
$
1,374,036

 
$
721,577

 
$
457,408

 
$
3,280,993

Reallocation due to realignment and separation

 
(10,754
)
 
(117,419
)
 
108,424

 
(19,749
)
Acquisitions
101,697

 
77,670

 
25,267

 
1,022

 
205,656

Purchase price adjustments
2,474

 

 
8,877

 

 
11,351

Foreign currency translation and other
(3,343
)
 
(11,680
)
 
(14,502
)
 
(2,409
)
 
(31,934
)
Balance at September 30, 2014
$
828,800

 
$
1,429,272

 
$
623,800

 
$
564,445

 
$
3,446,317

Schedule of Intangible Assets
The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset:
 
September 30, 2014
 
December 31, 2013
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Gross Carrying
Amount
 
Accumulated
Amortization
Amortized intangible assets:
 
 
 
 
 
 
 
Trademarks
$
138,540

 
$
41,920

 
$
126,634

 
$
34,232

Patents
155,319

 
107,888

 
154,236

 
102,804

Customer Intangibles
1,410,036

 
515,009

 
1,288,483

 
433,179

Unpatented Technologies
93,672

 
43,708

 
80,483

 
35,891

Drawings & Manuals
37,848

 
12,575

 
41,800

 
10,462

Distributor Relationships
72,514

 
38,295

 
72,514

 
35,447

Other
32,085

 
23,070

 
33,832

 
21,664

Total
1,940,014

 
782,465

 
1,797,982

 
673,679

Unamortized intangible assets:
 
 
 
 
 
 
 
Trademarks
169,683

 
 
 
169,874

 
 
Total intangible assets, net
$
1,327,232

 
 
 
$
1,294,177