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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in the Carrying Amount of Goodwill | The changes in the carrying amount of goodwill for 2014 and 2013, by business segment, were as follows:
| Fluid & Metering Technologies |  | Health & Science Technologies |  | Fire & Safety/ Diversified Products |  | Total
| (In thousands)
Goodwill | $ | 545,046 |  |  | $ | 703,024 |  |  | $ | 274,288 |  |  | $ | 1,522,358 |
Accumulated goodwill impairment losses | (20,721 | ) |  | (149,820 | ) |  | (30,090 | ) |  | (200,631 | )
Balance at January 1, 2013 | 524,325 |  |  | 553,204 |  |  | 244,198 |  |  | 1,321,727 |
Acquisitions (Note 2) | — |  |  | 17,994 |  |  | — |  |  | 17,994 |
Foreign currency translation | 3,719 |  |  | 477 |  |  | 5,539 |  |  | 9,735 |
Balance at December 31, 2013 | 528,044 |  |  | 571,675 |  |  | 249,737 |  |  | 1,349,456 |
Acquisitions (Note 2) | 7,711 |  |  | — |  |  | — |  |  | 7,711 |
Foreign currency translation | (11,606 | ) |  | (8,210 | ) |  | (16,074 | ) |  | (35,890 | )
Balance at December 31, 2014 | $ | 524,149 |  |  | $ | 563,465 |  |  | $ | 233,663 |  |  | $ | 1,321,277 |
Schedule of Gross Carrying Value and Accumulated Amortization For Each Major Class of Intangible Asset | The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset at December 31, 2014 and 2013:
| At December 31, 2014 |  |  |  | At December 31, 2013
| Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Weighted Average Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
|  |  | (In thousands) |  |  |  |  |  |  |  | (In thousands) |  |
Amortizable intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |
Patents | $ | 10,016 |  |  | $ | (5,313 | ) |  | $ | 4,703 |  |  | 11 |  | $ | 10,673 |  |  | $ | (5,179 | ) |  | $ | 5,494 |
Trade names | 104,118 |  |  | (32,881 | ) |  | 71,237 |  |  | 16 |  | 104,582 |  |  | (28,310 | ) |  | 76,272 |
Customer relationships | 222,486 |  |  | (126,193 | ) |  | 96,293 |  |  | 11 |  | 242,674 |  |  | (121,092 | ) |  | 121,582 |
Non-compete agreements | 840 |  |  | (636 | ) |  | 204 |  |  | 3 |  | 3,769 |  |  | (3,272 | ) |  | 497 |
Unpatented technology | 69,760 |  |  | (35,165 | ) |  | 34,595 |  |  | 11 |  | 75,528 |  |  | (32,905 | ) |  | 42,623 |
Other | 7,034 |  |  | (5,002 | ) |  | 2,032 |  |  | 10 |  | 6,958 |  |  | (4,299 | ) |  | 2,659 |
Total amortizable intangible assets | 414,254 |  |  | (205,190 | ) |  | 209,064 |  |  |  |  | 444,184 |  |  | (195,057 | ) |  | 249,127 |
Unamortized intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |
Banjo trade name | 62,100 |  |  | — |  |  | 62,100 |  |  |  |  | 62,100 |  |  | — |  |  | 62,100 |
Total intangible assets | $ | 476,354 |  |  | $ | (205,190 | ) |  | $ | 271,164 |  |  |  |  | $ | 506,284 |  |  | $ | (195,057 | ) |  | $ | 311,227 |

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