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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in the Carrying Amount of Goodwill
The changes in the carrying amount of goodwill for 2018 and 2017, by reportable business segment, were as follows:
 
Fluid &
Metering
Technologies
 
Health &
Science
Technologies
 
Fire & Safety/
Diversified
Products
 
Total
 
(In thousands)
Goodwill
$
594,158

 
$
849,119

 
$
389,946

 
$
1,833,223

Accumulated goodwill impairment losses
(20,721
)
 
(149,820
)
 
(30,090
)
 
(200,631
)
Balance at January 1, 2017
573,437

 
699,299

 
359,856

 
1,632,592

Foreign currency translation
15,748

 
19,225

 
18,206

 
53,179

Acquisitions

 
23,929

 

 
23,929

Disposition of businesses
(3,121
)
 

 

 
(3,121
)
Acquisition adjustments

 
(2,421
)
 

 
(2,421
)
Balance at December 31, 2017
586,064

 
740,032

 
378,062

 
1,704,158

Foreign currency translation
(5,023
)
 
(8,391
)
 
(6,505
)
 
(19,919
)
Acquisitions

 
12,399

 

 
12,399

Disposition of businesses

 

 

 

Acquisition adjustments

 
1,317

 

 
1,317

Balance at December 31, 2018
$
581,041

 
$
745,357

 
$
371,557

 
$
1,697,955

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, 2018 and 2017:
 
At December 31, 2018
 
 
 
At December 31, 2017
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
Weighted
Average
Life
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
 
 
(In thousands)
 
 
 
 
 
 
 
(In thousands)
 
 
Amortized intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Patents
$
6,468

 
$
(4,693
)
 
$
1,775

 
12
 
$
9,633

 
$
(7,143
)
 
$
2,490

Trade names
115,899

 
(57,227
)
 
58,672

 
16
 
117,206

 
(50,604
)
 
66,602

Customer relationships
256,202

 
(85,652
)
 
170,550

 
14
 
317,316

 
(124,566
)
 
192,750

Unpatented technology
96,922

 
(35,685
)
 
61,237

 
12
 
91,166

 
(29,428
)
 
61,738

Other
700

 
(507
)
 
193

 
10
 
839

 
(573
)
 
266

Total amortized intangible assets
476,191

 
(183,764
)
 
292,427

 
 
 
536,160

 
(212,314
)
 
323,846

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Banjo trade name
62,100

 

 
62,100

 
 
 
62,100

 

 
62,100

Akron Brass trade name
28,800

 

 
28,800

 
 
 
28,800

 

 
28,800

Total intangible assets
$
567,091

 
$
(183,764
)
 
$
383,327

 
 
 
$
627,060

 
$
(212,314
)
 
$
414,746