Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The changes in the carrying value of goodwill by reportable operating segments were as follows:

	Engineered Systems			Fluids			Refrigeration & Food Equipment			Energy			Total
Goodwill	$	1,484,455		$	715,715		$	560,600		$	1,047,180		$	3,807,950
Accumulated impairment loss	(10,591		)	(59,970		)	—			—			(70,561		)
Balance at January 1, 2016	$	1,473,864		$	655,745		$	560,600		$	1,047,180		$	3,737,389
Acquisitions	126,140			782,173			—			—			908,313
Purchase price adjustments	363			4,860			768			—			5,991
Disposition of business	(9,615		)	—			(25,252		)	—			(34,867		)
Foreign currency translation	(23,536		)	(29,270		)	63			(1,406		)	(54,149		)
Balance at December 31, 2016	1,567,216			1,413,508			536,179			1,045,774			4,562,677
Acquisitions	30,180			—			—			5,053			35,233
Purchase price adjustments	6,826			(35,939		)	—			—			(29,113		)
Disposition of business	(79,113		)	—			(296		)	—			(79,409		)
Foreign currency translation	60,288			36,890			816			4,530			102,524
Balance at December 31, 2017	$	1,585,397		$	1,414,459		$	536,699		$	1,055,357		$	4,591,912

Schedule of Intangible Assets

The Company's definite-lived and indefinite-lived intangible assets by major asset class were as follows and reflect the divestiture

of Warn and acquired intangibles in 2017:

	December 31, 2017						December 31, 2016
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Customer intangibles	$	1,977,776	$	836,102	$	1,141,674	$	1,942,974	$	718,135	$	1,224,839
Trademarks	253,934		76,344		177,590		246,619		56,455		190,164
Patents	160,237		130,771		29,466		157,491		119,828		37,663
Unpatented technologies	162,613		80,984		81,629		155,752		64,648		91,104
Distributor relationships	85,794		32,092		53,702		113,463		44,914		68,549
Drawings & manuals	35,806		22,876		12,930		37,744		23,114		14,630
Other	34,106		21,570		12,536		31,632		21,184		10,448
Total	2,710,266		1,200,739		1,509,527		2,685,675		1,048,278		1,637,397
Unamortized intangible assets:
Trademarks	100,400		—		100,400		165,526		—		165,526
Total intangible assets, net	$	2,810,666	$	1,200,739	$	1,609,927	$	2,851,201	$	1,048,278	$	1,802,923

Future Amortization Expense

Estimated future amortization expense related to intangible assets held at December 31, 2017 is as follows:

	Estimated Amortization
2018	$	193,566
2019	186,346
2020	175,119
2021	167,253
2022	152,105