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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 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 nine months ended September 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
(6,914
)
 
(6,517
)
 
(9,178
)
 
(22,609
)
Acquisitions
67,970

 
43,760

 

 
111,730

Disposition of business (1)

 
(10,213
)
 

 
(10,213
)
Balance at September 30, 2015
$
585,205

 
$
590,495

 
$
224,485

 
$
1,400,185

 
 
 
 
 
 
 
 
(1) Amount reflects goodwill allocated to Ismatec upon its disposition, based on the fair value of this business relative to the remaining entities within the Scientific Fluidics reporting unit.
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 September 30, 2015 and December 31, 2014:
 
 
At September 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
$
10,117

 
$
(5,941
)
 
$
4,176

 
11
 
$
10,016

 
$
(5,313
)
 
$
4,703

Trade names
111,537

 
(37,168
)
 
74,369

 
16
 
104,118

 
(32,881
)
 
71,237

Customer relationships
258,883

 
(138,145
)
 
120,738

 
11
 
222,486

 
(126,193
)
 
96,293

Non-compete agreements
813

 
(775
)
 
38

 
3
 
840

 
(636
)
 
204

Unpatented technology
78,613

 
(40,249
)
 
38,364

 
10
 
69,760

 
(35,165
)
 
34,595

Other
6,557

 
(5,420
)
 
1,137

 
10
 
7,034

 
(5,002
)
 
2,032

Total amortized intangible assets
466,520

 
(227,698
)
 
238,822

 
 
 
414,254

 
(205,190
)
 
209,064

Unamortized intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Banjo trade name
62,100

 

 
62,100

 
 
 
62,100

 

 
62,100

Total intangible assets
$
528,620

 
$
(227,698
)
 
$
300,922

 
 
 
$
476,354

 
$
(205,190
)
 
$
271,164