Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2013

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, 2013, by reportable business segment, were as follows:

(In thousands)	Fluid & Metering Technologies		Health & Science Technologies			Fire &  Safety/ Diversified Products		Total
Balance at December 31, 2012	$	524,325	$	553,204		$	244,198	$	1,321,727
Foreign currency translation	1,973		(465		)	2,947		4,455
Acquisitions	—		17,994			—		17,994
Balance at September 30, 2013	$	526,298	$	570,733		$	247,145	$	1,344,176

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, 2013 and December 31, 2012:

	At September 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	$	10,611	$	(4,920	)	$	5,691	11	$	10,650	$	(4,273	)	$	6,377
Trade names	104,248		(26,583		)	77,665		16	103,113		(21,603		)	81,510
Customer relationships	241,836		(113,784		)	128,052		10	230,196		(93,273		)	136,923
Non-compete agreements	3,750		(3,195		)	555		3	3,505		(2,827		)	678
Unpatented technology	75,420		(30,840		)	44,580		11	74,758		(24,211		)	50,547
Other	6,881		(4,124		)	2,757		10	6,841		(3,604		)	3,237
Total amortized intangible assets	442,746		(183,446		)	259,300			429,063		(149,791		)	279,272
Unamortized intangible assets:
Banjo trade name	62,100		—			62,100			62,100		—			62,100
Total intangible assets	$	504,846	$	(183,446	)	$	321,400		$	491,163	$	(149,791	)	$	341,372