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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2012
Schedule of Changes in the Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for 2012 and 2011, by business segment, were as follows:

 

     Fluid &
Metering
Technologies
    Health &
Science
Technologies
    Fire &  Safety/
Diversified
Products
    Total  

Goodwill

   $ 551,064      $ 418,776      $ 273,910      $ 1,243,750   

Accumulated impairment losses

     (6,659            (30,090     (36,749
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance at January 1, 2011(1)

     544,405        418,776        243,820        1,207,001   

Acquisition adjustments

            434               434   

Acquisitions (Note 12)

            231,189               231,189   

Foreign currency translation

     (2,765     (1,493     (3,000     (7,258
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2011(1)

     541,640        648,906        240,820        1,431,366   

Acquisition adjustments

            1,424               1,424   

Acquisitions (Note 12)

            50,387               50,387   

Foreign currency translation

     3,406        2,307        3,378        9,091   

Goodwill impairment

     (20,721     (149,820            (170,541
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance at December 31, 2012

   $ 524,325      $ 553,204      $ 244,198      $ 1,321,727   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) Revised to reflect the movement of the Dispensing Equipment segment to the Fire & Safety/Diversified Products segment and the transfer of $20.6 million of goodwill related to the movement of our Trebor business unit from the Health & Science Technologies segment to the Fluid & Metering Technologies segment.
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, 2012 and 2011:

 

    At December 31, 2012           At December 31, 2011  
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net     Weighted
Average
Life
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net  
          (In thousands)                       (In thousands)        

Amortizable intangible assets:

             

Patents

  $ 10,650      $ (4,273   $ 6,377        11      $ 11,506      $ (4,315   $ 7,191   

Trade names

    103,113        (21,603     81,510        16        72,823        (18,205     54,618   

Customer relationships

    230,196        (93,273     136,923        10        221,076        (69,280     151,796   

Non-compete agreements

    3,505        (2,827     678        3        4,801        (4,053     748   

Unpatented technology

    74,758        (24,211     50,547        11        70,741        (15,617     55,124   

Other

    6,841        (3,604     3,237        10        6,793        (3,156     3,637   
 

 

 

   

 

 

   

 

 

     

 

 

   

 

 

   

 

 

 

Total amortizable intangible assets

    429,063        (149,791     279,272          387,740        (114,626     273,114   

Unamortized intangible assets:

             

Banjo trade name

    62,100               62,100          62,100               62,100   

CVI Melles Griot trade name

                           47,008               47,008   
 

 

 

   

 

 

   

 

 

     

 

 

   

 

 

   

 

 

 

Total intangible assets

  $ 491,163      $ (149,791   $ 341,372        $ 496,848      $ (114,626   $ 382,222