Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

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, 2022:

	Industrial		Aerospace		Total Company
December 31, 2021	$	924,584	$	30,786	$	955,370
Foreign currency translation	(9,963)		—		(9,963)
March 31, 2022	$	914,621	$	30,786	$	945,407

Other Intangible Assets:

Other intangible assets consisted of:

		March 31, 2022				December 31, 2021
	Range of Life -Years	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Amortized intangible assets:
Revenue Sharing Programs (RSPs)	Up to 30	$	299,500	$	(154,413)	$	299,500	$	(151,961)
Component Repair Programs (CRPs)	Up to 30	111,839		(36,927)		111,839		(35,632)
Customer relationships	10-16	337,189		(142,630)		337,189		(137,856)
Patents and technology	4-11	123,433		(87,831)		123,433		(86,002)
Trademarks/trade names	10-30	10,949		(10,634)		10,949		(10,587)
Other	Up to 10	7,777		(2,253)		7,450		(2,072)
		890,687		(434,688)		890,360		(424,110)
Unamortized intangible assets:
Trade names		55,670		—		55,670		—
Foreign currency translation		(24,834)		—		(21,674)		—
Other intangible assets		$	921,523	$	(434,688)	$	924,356	$	(424,110)

Estimated amortization of intangible assets for future periods is as follows: 2022 (remainder) - $34,000; 2023 - $46,000; 2024 - $44,000; 2025 - $43,000; 2026 - $43,000 and 2027 - $42,000.