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Acquisitions and Divestitures (Tables)
6 Months Ended
Jun. 30, 2016
Business Combinations and Dispositions [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The allocation of the acquisition costs to the assets acquired and liabilities assumed, based on their estimated fair values, is as follows:
 
 
Total
Current assets, net of cash acquired
 
$
44,887

Property, plant and equipment
 
12,452

Goodwill
 
123,855

Intangible assets
 
90,400

Total assets acquired
 
271,594

Current liabilities
 
(6,757
)
Deferred income taxes
 
(36,836
)
Other noncurrent liabilities
 
(6,445
)
Net assets acquired
 
$
221,556

Schedule of Finite-Lived Intangible Assets
The acquired intangible assets and weighted average amortization periods are as follows:
 
Total
 
Weighted Average Life
Trade names
$
4,200

 
15
Customer relationships
44,800

 
14
Unpatented technology
12,600

 
9
Amortized intangible assets
61,600

 
 
Indefinite lived - Akron Brass trade name
28,800

 
 
Total acquired intangible assets
$
90,400