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Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in the Carrying Amount of Goodwill
The changes in the carrying amount of goodwill for 2014 and 2013, by business segment, were as follows:
 
 
Fluid &
Metering
Technologies
 
Health &
Science
Technologies
 
Fire &  Safety/
Diversified
Products
 
Total
 
(In thousands)
Goodwill
$
545,046

 
$
703,024

 
$
274,288

 
$
1,522,358

Accumulated goodwill impairment losses
(20,721
)
 
(149,820
)
 
(30,090
)
 
(200,631
)
Balance at January 1, 2013
524,325

 
553,204

 
244,198

 
1,321,727

Acquisitions (Note 2)
—

 
17,994

 
—

 
17,994

Foreign currency translation
3,719

 
477

 
5,539

 
9,735

Balance at December 31, 2013
528,044

 
571,675

 
249,737

 
1,349,456

Acquisitions (Note 2)
7,711

 
—

 
—

 
7,711

Foreign currency translation
(11,606
)
 
(8,210
)
 
(16,074
)
 
(35,890
)
Balance at December 31, 2014
$
524,149

 
$
563,465

 
$
233,663

 
$
1,321,277

 
Schedule of Gross Carrying Value and Accumulated Amortization For Each Major Class of Intangible Asset
The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset at December 31, 2014 and 2013:
 
 
At December 31, 2014
 
 
 
At December 31, 2013
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
Weighted
Average
Life
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
 
 
(In thousands)
 
 
 
 
 
 
 
(In thousands)
 
 
Amortizable intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Patents
$
10,016

 
$
(5,313
)
 
$
4,703

 
11
 
$
10,673

 
$
(5,179
)
 
$
5,494

Trade names
104,118

 
(32,881
)
 
71,237

 
16
 
104,582

 
(28,310
)
 
76,272

Customer relationships
222,486

 
(126,193
)
 
96,293

 
11
 
242,674

 
(121,092
)
 
121,582

Non-compete agreements
840

 
(636
)
 
204

 
3
 
3,769

 
(3,272
)
 
497

Unpatented technology
69,760

 
(35,165
)
 
34,595

 
11
 
75,528

 
(32,905
)
 
42,623

Other
7,034

 
(5,002
)
 
2,032

 
10
 
6,958

 
(4,299
)
 
2,659

Total amortizable intangible assets
414,254

 
(205,190
)
 
209,064

 
 
 
444,184

 
(195,057
)
 
249,127

Unamortized intangible assets
 
 
 
 
 
 
 
 
 
 
 
 
 
Banjo trade name
62,100

 
—

 
62,100

 
 
 
62,100

 
—

 
62,100

Total intangible assets
$
476,354

 
$
(205,190
)
 
$
271,164

 
 
 
$
506,284

 
$
(195,057
)
 
$
311,227