XML 62 R35.htm IDEA: XBRL DOCUMENT v2.4.0.8
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
The changes in the carrying value of goodwill by segment for the years ended December 31, 2013 and 2012 are as follows:
 
Energy
 
Engineered Systems
 
Printing & Identification
 
Communication Technologies
 
Total
Goodwill
$
622,335

 
$
1,005,980

 
$
744,638

 
$
1,204,582

 
$
3,577,535

Accumulated impairment loss

 
(70,560
)
 

 

 
(70,560
)
Balance at January 1, 2012
622,335

 
935,420

 
744,638

 
1,204,582

 
3,506,975

Acquisitions
135,906

 
466,192

 

 

 
602,098

Purchase price adjustments

 

 

 
(6,998
)
 
(6,998
)
Foreign currency translation
2,396

 
1,769

 
1,699

 
6,711

 
12,575

Balance at December 31, 2012
760,637

 
1,403,381

 
746,337

 
1,204,295

 
4,114,650

Acquisitions
41,751

 
95,038

 
5,099

 

 
141,888

Purchase price adjustments
(2,278
)
 
(25,860
)
 

 

 
(28,138
)
Foreign currency translation
(5,566
)
 
4,694

 
(209
)
 
15,590

 
14,509

Balance at December 31, 2013
$
794,544

 
$
1,477,253

 
$
751,227

 
$
1,219,885

 
$
4,242,909

 
Schedule of Intangible Assets
The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset:
 
December 31, 2013
 
December 31, 2012
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Gross Carrying
Amount
 
Accumulated
Amortization
Amortized intangible assets:
 
 
 
 
 
 
 
Trademarks
$
134,898

 
$
35,736

 
$
124,129

 
$
25,364

Patents
201,779

 
120,354

 
180,427

 
105,369

Customer Intangibles
1,717,912

 
614,410

 
1,585,041

 
474,309

Unpatented Technologies
146,240

 
100,465

 
146,025

 
85,373

Drawings & Manuals
43,022

 
11,684

 
34,120

 
8,035

Distributor Relationships
72,514

 
35,447

 
72,514

 
31,650

Other
34,174

 
21,830

 
32,221

 
20,815

Total
$
2,350,539

 
$
939,926

 
$
2,174,477

 
$
750,915

Unamortized intangible assets:
 

 
 

 
 

 
 

Trademarks
201,874

 
 

 
201,858

 
 

Total intangible assets, net
$
1,612,487

 


 
$
1,625,420

 


Future Amortization Expense
Amortization expense for the next five years, based on current intangible balances, is estimated to be as follows:

2014
$
185,100

2015
183,306

2016
181,159

2017
173,721

2018
160,152