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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill | The changes in the carrying value of goodwill by reportable operating segments were as follows:
| Engineered Products |  | Fueling Solutions |  | Imaging & Identification |  | Pumps & Process Solutions |  | Refrigeration & Food Equipment |  | Total
Goodwill | $ | 689,784 |  |  | $ | 770,619 |  |  | $ | 944,468 |  |  | $ | 796,952 |  |  | $ | 546,066 |  |  | $ | 3,747,889 |
Accumulated impairment loss | (10,591) |  |  | — |  |  | — |  |  | (59,970) |  |  | — |  |  | (70,561) |
Balance at January 1, 2019 | 679,193 |  |  | 770,619 |  |  | 944,468 |  |  | 736,982 |  |  | 546,066 |  |  | 3,677,328 |
Acquisitions | — |  |  | 97,898 |  |  | — |  |  | 21,614 |  |  | — |  |  | 119,512 |
Reallocation due to reporting unit changes | (40,394) |  |  | — |  |  | 40,394 |  |  | — |  |  | — |  |  | — |
Disposition of business | — |  |  | — |  |  | — |  |  | (4,739) |  |  | — |  |  | (4,739) |
Foreign currency translation | (2,228) |  |  | 4,864 |  |  | (7,793) |  |  | (3,230) |  |  | (367) |  |  | (8,754) |
Balance at December 31, 2019 | 636,571 |  |  | 873,381 |  |  | 977,069 |  |  | 750,627 |  |  | 545,699 |  |  | 3,783,347 |
Acquisitions | 33,183 |  |  | 47,339 |  |  | 103,723 |  |  | 21,560 |  |  | — |  |  | 205,805 |
Disposition of business | — |  |  | — |  |  | — |  |  | — |  |  | (2,597) |  |  | (2,597) |
Foreign currency translation | 13,231 |  |  | 20,253 |  |  | 36,797 |  |  | 14,093 |  |  | 1,613 |  |  | 85,987 |
Balance at December 31, 2020 | $ | 682,985 |  |  | $ | 940,973 |  |  | $ | 1,117,589 |  |  | $ | 786,280 |  |  | $ | 544,715 |  |  | $ | 4,072,542 |
Schedule of Intangible Assets | The Company's definite-lived and indefinite-lived intangible assets by major asset class were as follows:
| December 31, 2020 |  | December 31, 2019
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer intangibles | $ | 1,559,771 |  |  | $ | 834,798 |  |  | $ | 724,973 |  |  | $ | 1,410,636 |  |  | $ | 714,566 |  |  | $ | 696,070 |
Trademarks | 233,205 |  |  | 103,907 |  |  | 129,298 |  |  | 218,064 |  |  | 85,791 |  |  | 132,273 |
Patents | 163,299 |  |  | 141,182 |  |  | 22,117 |  |  | 159,376 |  |  | 133,677 |  |  | 25,699 |
Unpatented technologies | 180,947 |  |  | 113,404 |  |  | 67,543 |  |  | 154,505 |  |  | 99,276 |  |  | 55,229 |
Distributor relationships | 87,028 |  |  | 51,611 |  |  | 35,417 |  |  | 82,779 |  |  | 44,202 |  |  | 38,577 |
Drawings & manuals | 29,198 |  |  | 26,193 |  |  | 3,005 |  |  | 27,500 |  |  | 22,403 |  |  | 5,097 |
Other | 23,901 |  |  | 19,324 |  |  | 4,577 |  |  | 22,355 |  |  | 16,939 |  |  | 5,416 |
Total | 2,277,349 |  |  | 1,290,419 |  |  | 986,930 |  |  | 2,075,215 |  |  | 1,116,854 |  |  | 958,361 |
Unamortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Trademarks | 96,842 |  |  | — |  |  | 96,842 |  |  | 96,653 |  |  | — |  |  | 96,653 |
Total intangible assets, net | $ | 2,374,191 |  |  | $ | 1,290,419 |  |  | $ | 1,083,772 |  |  | $ | 2,171,868 |  |  | $ | 1,116,854 |  |  | $ | 1,055,014 |
Future Amortization Expense | Estimated future amortization expense related to intangible assets held at December 31, 2020 is as follows:
| Estimated Amortization
2021 | $ | 139,794 |
2022 | 125,272 |
2023 | 115,224 |
2024 | 110,524 |
2025 | 105,761 |

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