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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2013
Schedule of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the six months ended June 30, 2013, by reportable business segment, were as follows:

 

     Fluid &
Metering
Technologies
    Health &
Science
Technologies
    Fire &  Safety/
Diversified
Products
    Total  
     (In thousands)  

Balance at December 31, 2012

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

Foreign currency translation

     (1,816     (5,722     (2,386     (9,924

Acquisitions and acquisition adjustments

            17,994               17,994   
  

 

 

   

 

 

   

 

 

   

 

 

 

Balance at June 30, 2013

   $ 522,509      $ 565,476      $ 241,812      $ 1,329,797   
  

 

 

   

 

 

   

 

 

   

 

 

 
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 June 30, 2013 and December 31, 2012:

 

    At June 30, 2013           At December 31, 2012  
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net     Weighted
Average
Life
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net  
    (In thousands)           (In thousands)  

Amortized intangible assets:

             

Patents

  $ 10,538      $ (4,560   $ 5,978        11        $10,650      $ (4,273   $ 6,377   

Trade names

    103,106        (24,675     78,431        16        103,113        (21,603     81,510   

Customer relationships

    238,562        (105,660     132,902        10        230,196        (93,273     136,923   

Non-compete agreements

    3,706        (3,114     592        3        3,505        (2,827     678   

Unpatented technology

    74,351        (28,208     46,143        11        74,758        (24,211     50,547   

Other

    6,832        (3,948     2,884        10        6,841        (3,604     3,237   
 

 

 

   

 

 

   

 

 

     

 

 

   

 

 

   

 

 

 

Total amortized intangible assets

    437,095        (170,165     266,930          429,063        (149,791     279,272   

Unamortized intangible assets:

             

Banjo trade name

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

 

 

   

 

 

   

 

 

     

 

 

   

 

 

   

 

 

 

Total intangible assets

  $ 499,195      $ (170,165   $ 329,030        $ 491,163      $ (149,791   $ 341,372