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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table sets forth the change in the carrying amount of goodwill for each reportable segment and for the Company as of and for the period ended March 31, 2020:
 
Industrial
 
Aerospace
 
Total Company
January 1, 2020
$
902,236

 
$
30,786

 
$
933,022

Foreign currency translation
(12,820
)
 

 
(12,820
)
March 31, 2020
$
889,416

 
$
30,786

 
$
920,202


Schedule of Intangible Assets
Other intangible assets consisted of:
 
 
 
March 31, 2020
 
December 31, 2019
 
Range of
Life -Years
 
Gross Amount
 
Accumulated Amortization
 
Gross Amount
 
Accumulated Amortization
Amortized intangible assets:
 
 
 
 
 
 
 
 
 
Revenue Sharing Programs (RSPs)
Up to 30
 
$
299,500

 
$
(138,889
)
 
$
299,500

 
$
(135,466
)
Component Repair Programs (CRPs)
Up to 30
 
111,839

 
(28,585
)
 
111,839

 
(27,270
)
Customer relationships
10-16
 
338,366

 
(103,779
)
 
338,366

 
(98,953
)
Patents and technology
4-11
 
123,433

 
(70,419
)
 
123,433

 
(68,188
)
Trademarks/trade names
10-30
 
10,949

 
(10,216
)
 
10,949

 
(10,145
)
Other
Up to 15
 
10,746

 
(4,191
)
 
10,746

 
(4,014
)
 
 
 
894,833

 
(356,079
)
 
894,833

 
(344,036
)
Unamortized intangible assets:
 
 
 
 
 
 
 
 
 
Trade names
 
 
55,670

 

 
55,670

 

Foreign currency translation
 
 
(30,732
)
 

 
(25,351
)
 

Other intangible assets
 
 
$
919,771

 
$
(356,079
)
 
$
925,152

 
$
(344,036
)