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Goodwill and Other Intangible Assets | 6 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | 7. Goodwill and Other Intangible Assets The changes in the carrying value of goodwill by reportable operating segments were as follows:
| Engineered Products |  | Clean Energy & Fueling |  | Imaging & Identification |  | Pumps & Process Solutions |  | Climate & Sustainability Technologies |  | Total
Balance at January 1, 2023 | $ | 712,542 |  |  | $ | 1,391,418 |  |  | $ | 1,078,259 |  |  | $ | 979,535 |  |  | $ | 507,740 |  |  | $ | 4,669,494 |
Measurement period adjustments | — |  |  | — |  |  | — |  |  | (3,820) |  |  | — |  |  | (3,820) |
Foreign currency translation | 4,442 |  |  | 15,966 |  |  | 9,184 |  |  | 2,913 |  |  | 425 |  |  | 32,930 |
Balance at June 30, 2023 | $ | 716,984 |  |  | $ | 1,407,384 |  |  | $ | 1,087,443 |  |  | $ | 978,628 |  |  | $ | 508,165 |  |  | $ | 4,698,604 |
During the six months ended June 30, 2023, the Company recorded measurement period adjustments that decreased goodwill by $3,820, principally related to working capital adjustments for 2022 acquisitions within the Pumps & Process Solutions segment. The Company’s definite-lived and indefinite-lived intangible assets by major asset class were as follows:
| June 30, 2023 |  | December 31, 2022
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer intangibles | $ | 1,897,641 |  |  | $ | 1,059,509 |  |  | $ | 838,132 |  |  | $ | 1,881,402 |  |  | $ | 996,947 |  |  | $ | 884,455 |
Trademarks | 267,800 |  |  | 142,842 |  |  | 124,958 |  |  | 265,466 |  |  | 132,791 |  |  | 132,675 |
Patents | 214,426 |  |  | 145,885 |  |  | 68,541 |  |  | 219,199 |  |  | 146,337 |  |  | 72,862 |
Unpatented technologies | 263,228 |  |  | 148,466 |  |  | 114,762 |  |  | 257,428 |  |  | 137,750 |  |  | 119,678 |
Distributor relationships | 81,672 |  |  | 60,976 |  |  | 20,696 |  |  | 79,622 |  |  | 57,299 |  |  | 22,323 |
Other | 27,564 |  |  | 17,091 |  |  | 10,473 |  |  | 46,880 |  |  | 41,682 |  |  | 5,198 |
Total | 2,752,331 |  |  | 1,574,769 |  |  | 1,177,562 |  |  | 2,749,997 |  |  | 1,512,806 |  |  | 1,237,191 |
Unamortized intangible assets: |  |  |  |  |  |  |  |  |  |
Trademarks | 96,617 |  |  | — |  |  | 96,617 |  |  | 96,544 |  |  | — |  |  | 96,544 |
Total intangible assets, net | $ | 2,848,948 |  |  | $ | 1,574,769 |  |  | $ | 1,274,179 |  |  | $ | 2,846,541 |  |  | $ | 1,512,806 |  |  | $ | 1,333,735 |
For the three months ended June 30, 2023 and 2022, amortization expense was $38,951 and $38,718, respectively. For the six months ended June 30, 2023 and 2022, amortization expense was $79,317 and $79,909, respectively. Amortization expense is primarily comprised of acquisition-related intangible amortization. During the six months ended June 30, 2023, the Company acquired certain intellectual property assets through an immaterial asset acquisition. These assets were classified as unpatented technologies and included in the Imaging & Identification segment.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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