Acquisitions and Divestitures (Tables)

9 Months Ended

Sep. 30, 2016

Business Combinations and Dispositions [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The preliminary allocation of the acquisition costs to the assets acquired and liabilities assumed, based on their estimated fair values, are as follows:

	Akron Brass			AWG Fittings			SFC Koenig			Total
Current assets, net of cash acquired	$	44,126		$	18,317		$	35,568		$	98,011
Property, plant and equipment	12,195			6,847			6,566			25,608
Goodwill	125,090			22,733			132,381			280,204
Intangible assets	90,400			10,279			114,737			215,416
Deferred income taxes	—			2,524			—			2,524
Total assets acquired	271,811			60,700			289,252			621,763
Current liabilities	(7,081		)	(4,762		)	(12,858		)	(24,701		)
Deferred income taxes	(36,886		)	—			(29,809		)	(66,695		)
Other noncurrent liabilities	(6,445		)	(8,444		)	(5,477		)	(20,366		)
Net assets acquired	$	221,399		$	47,494		$	241,108		$	510,001

Schedule of Finite-Lived Intangible Assets Acquired

The acquired intangible assets and weighted average amortization periods are as follows:

	Total		Weighted Average Life
Trade names	$	14,423	15
Customer relationships	130,598		13
Unpatented technology	41,595		13
Amortized intangible assets	186,616
Indefinite lived - Akron Brass trade name	28,800
Total acquired intangible assets	$	215,416