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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill
The changes in the carrying amount of goodwill for the six months ended June 30, 2015, by reportable business segment, were as follows:
 
 
Fluid &
Metering
Technologies
 
Health &
Science
Technologies
 
Fire & Safety/
Diversified
Products
 
Total
Balance at December 31, 2014
$
524,149

 
$
563,465

 
$
233,663

 
$
1,321,277

Foreign currency translation
(8,247
)
 
103

 
(9,954
)
 
(18,098
)
Acquisitions
59,562

 
34,919

 

 
94,481

Balance at June 30, 2015
$
575,464

 
$
598,487

 
$
223,709

 
$
1,397,660

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 June 30, 2015 and December 31, 2014:
 
 
At June 30, 2015
 
 
 
At December 31, 2014
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
Weighted
Average
Life
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Amortized intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Patents
$
10,168

 
$
(5,768
)
 
$
4,400

 
11
 
$
10,016

 
$
(5,313
)
 
$
4,703

Trade names
107,506

 
(35,754
)
 
71,752

 
16
 
104,118

 
(32,881
)
 
71,237

Customer relationships
265,256

 
(132,125
)
 
133,131

 
11
 
222,486

 
(126,193
)
 
96,293

Non-compete agreements
836

 
(762
)
 
74

 
3
 
840

 
(636
)
 
204

Unpatented technology
79,243

 
(38,682
)
 
40,561

 
10
 
69,760

 
(35,165
)
 
34,595

Other
7,036

 
(5,360
)
 
1,676

 
10
 
7,034

 
(5,002
)
 
2,032

Total amortized intangible assets
470,045

 
(218,451
)
 
251,594

 
 
 
414,254

 
(205,190
)
 
209,064

Unamortized intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Banjo trade name
62,100

 

 
62,100

 
 
 
62,100

 

 
62,100

Total intangible assets
$
532,145

 
$
(218,451
)
 
$
313,694

 
 
 
$
476,354

 
$
(205,190
)
 
$
271,164