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Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in the Carrying Amount of Goodwill
The changes in the carrying amount of goodwill for 2013 and 2012, by business segment, were as follows:
 
 
Fluid &
Metering
Technologies
 
Health &
Science
Technologies
 
Fire &  Safety/
Diversified
Products
 
Total
 
(In thousands)
Goodwill
$
541,640

 
$
648,906

 
$
270,910

 
$
1,461,456

Accumulated impairment losses
—

 
—

 
(30,090
)
 
(30,090
)
Balance at January 1, 2012
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

Acquisitions (Note 12)
—

 
17,994

 
—

 
17,994

Foreign currency translation
3,719

 
477

 
5,539

 
9,735

Balance at December 31, 2013
$
528,044

 
$
571,675

 
$
249,737

 
$
1,349,456

 
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, 2013 and 2012:
 
 
At December 31, 2013
 
 
 
At December 31, 2012
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
Weighted
Average
Life
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
 
 
(In thousands)
 
 
 
 
 
 
 
(In thousands)
 
 
Amortizable intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Patents
$
10,673

 
$
(5,179
)
 
$
5,494

 
11
 
$
10,650

 
$
(4,273
)
 
$
6,377

Trade names
104,582

 
(28,310
)
 
76,272

 
16
 
103,113

 
(21,603
)
 
81,510

Customer relationships
242,674

 
(121,092
)
 
121,582

 
10
 
230,196

 
(93,273
)
 
136,923

Non-compete agreements
3,769

 
(3,272
)
 
497

 
3
 
3,505

 
(2,827
)
 
678

Unpatented technology
75,528

 
(32,905
)
 
42,623

 
11
 
74,758

 
(24,211
)
 
50,547

Other
6,958

 
(4,299
)
 
2,659

 
10
 
6,841

 
(3,604
)
 
3,237

Total amortizable intangible assets
444,184

 
(195,057
)
 
249,127

 
 
 
429,063

 
(149,791
)
 
279,272

Unamortized intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Banjo trade name
62,100

 
—

 
62,100

 
 
 
62,100

 
—

 
62,100

Total intangible assets
$
506,284

 
$
(195,057
)
 
$
311,227

 
 
 
$
491,163

 
$
(149,791
)
 
$
341,372