XML 42 R29.htm IDEA: XBRL DOCUMENT v3.20.2
Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2020:
 
Industrial
 
Aerospace
 
Total Company
December 31, 2019
$
902,236

 
$
30,786

 
$
933,022

Foreign currency translation
979

 
—

 
979

June 30, 2020
$
903,215

 
$
30,786

 
$
934,001
Schedule of Intangible Assets
Other intangible assets consisted of:
 
 
 
June 30, 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

 
$
(140,492
)
 
$
299,500

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

 
(29,531
)
 
111,839

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

 
(108,603
)
 
338,366

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

 
(72,659
)
 
123,433

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

 
(10,269
)
 
10,949

 
(10,145
)
Other
Up to 15
 
10,746

 
(4,310
)
 
10,746

 
(4,014
)
 
 
 
894,833

 
(365,864
)
 
894,833

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

 
—

 
55,670

 
—

Foreign currency translation
 
 
(26,359
)
 
—

 
(25,351
)
 
—

Other intangible assets
 
 
$
924,144

 
$
(365,864
)
 
$
925,152

 
$
(344,036
)