Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2023

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 September 30, 2023:

	Industrial		Aerospace		Total Company
December 31, 2022 (A)	$	804,686	$	30,786	$	835,472
Acquisition related	—		$	318,307	$	318,307
Foreign currency translation	(1,438)		(267)		(1,705)
September 30, 2023	$	803,248	$	348,826	$	1,152,074

(A) Industrial amounts are net of accumulated goodwill impairment losses of $68,194.

Schedule of Intangible Assets

Other intangible assets consisted of:

		September 30, 2023				December 31, 2022
	Range of Life -Years	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Amortized intangible assets:
Revenue Sharing Programs (RSPs)	Up to 30	$	299,500	$	(173,404)	$	299,500	$	(164,162)
Component Repair Programs (CRPs)	Up to 30	111,839		(47,664)		111,839		(41,880)
Customer relationships	10-16	587,189		(172,627)		337,189		(156,442)
Patents and technology	4-18	178,433		(98,538)		123,433		(92,875)
Trademarks/trade names	10-30	10,949		(10,875)		10,949		(10,772)
Other	Up to 10	26,334		(8,074)		9,413		(2,966)
		1,214,244		(511,182)		892,323		(469,097)
Unamortized intangible assets:
Trade names		55,670		—		55,670		—
Foreign currency translation		(37,122)		—		(36,404)		—
Other intangible assets		$	1,232,792	$	(511,182)	$	911,589	$	(469,097)