Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2020

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, 2020, by reportable business segment, were as follows:

	FMT		HST		FSDP		IDEX
Goodwill	$	599,646	$	981,592	$	399,138	$	1,980,376
Accumulated goodwill impairment losses	(20,721)		(149,820)		(30,090)		(200,631)
Balance at December 31, 2019	578,925		831,772		369,048		1,779,745
Foreign currency translation	4,726		9,832		5,737		20,295
Acquisitions	61,739		—		—		61,739
Acquisition adjustments	—		1,798		—		1,798
Balance at September 30, 2020	$	645,390	$	843,402	$	374,785	$	1,863,577

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, 2020 and December 31, 2019:

	At September 30, 2020							At December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted Average Life	Gross Carrying Amount		Accumulated Amortization		Net
Amortized intangible assets:
Patents	$	2,865	$	(1,668)	$	1,197	10	$	6,678	$	(5,276)	$	1,402
Trade names	128,393		(69,568)		58,825		16	123,062		(64,938)		58,124
Customer relationships	313,977		(115,815)		198,162		13	275,575		(96,252)		179,323
Unpatented technology	119,233		(51,307)		67,926		13	101,721		(43,561)		58,160
Other	700		(630)		70		10	700		(578)		122
Total amortized intangible assets	565,168		(238,988)		326,180			507,736		(210,605)		297,131
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	$	656,068	$	(238,988)	$	417,080		$	598,636	$	(210,605)	$	388,031