XML 48 R37.htm IDEA: XBRL DOCUMENT
v3.21.2

Goodwill and Intangible Assets (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Carrying Amount of Goodwill | The changes in the carrying amount of goodwill for the nine months ended September 30, 2021, by reportable business segment, were as follows:
| FMT |  | HST |  | FSDP |  | IDEX
Goodwill | $ | 670,442 |  |  | $ | 1,012,448 |  |  | $ | 413,315 |  |  | $ | 2,096,205 |
Accumulated goodwill impairment losses | (20,721) |  |  | (149,820) |  |  | (30,090) |  |  | (200,631) |
Balance at December 31, 2020 | 649,721 |  |  | 862,628 |  |  | 383,225 |  |  | 1,895,574 |
Foreign currency translation | (7,132) |  |  | (14,168) |  |  | (7,405) |  |  | (28,705) |
Acquisitions | 59,481 |  |  | 271,268 |  |  | — |  |  | 330,749 |
Disposition of businesses | — |  |  | (129) |  |  | — |  |  | (129) |
Acquisition adjustments | (405) |  |  | — |  |  | — |  |  | (405) |
Balance at September 30, 2021 | $ | 701,665 |  |  | $ | 1,119,599 |  |  | $ | 375,820 |  |  | $ | 2,197,084 |
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 September 30, 2021 and December 31, 2020:
| At September 30, 2021 |  |  |  | At December 31, 2020
| Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Weighted Average Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Patents | $ | 3,152 |  |  | $ | (1,968) |  |  | $ | 1,184 |  |  | 10 |  | $ | 3,030 |  |  | $ | (1,740) |  |  | $ | 1,290 |
Trade names | 148,258 |  |  | (76,161) |  |  | 72,097 |  |  | 15 |  | 130,793 |  |  | (72,685) |  |  | 58,108 |
Customer relationships | 495,680 |  |  | (134,636) |  |  | 361,044 |  |  | 13 |  | 318,350 |  |  | (120,294) |  |  | 198,056 |
Unpatented technology | 145,175 |  |  | (57,034) |  |  | 88,141 |  |  | 13 |  | 122,287 |  |  | (55,131) |  |  | 67,156 |
Other | — |  |  | — |  |  | — |  |  | — |  | 700 |  |  | (647) |  |  | 53 |
Total amortized intangible assets | 792,265 |  |  | (269,799) |  |  | 522,466 |  |  |  |  | 575,160 |  |  | (250,497) |  |  | 324,663 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Banjo trade name | 62,100 |  |  | — |  |  | 62,100 |  |  |  |  | 62,100 |  |  | — |  |  | 62,100 |
Akron Brass trade name | 28,800 |  |  | — |  |  | 28,800 |  |  |  |  | 28,800 |  |  | — |  |  | 28,800 |
Total intangible assets | $ | 883,165 |  |  | $ | (269,799) |  |  | $ | 613,366 |  |  |  |  | $ | 666,060 |  |  | $ | (250,497) |  |  | $ | 415,563 |

X
- Definition Schedule Of Gross Carrying Value And Accumulated Amortization For Each Major Class Of Intangible Asset Table Text Block + References No definition available. + Details
Name: | iex_ScheduleOfGrossCarryingValueAndAccumulatedAmortizationForEachMajorClassOfIntangibleAssetTableTextBlock
Namespace Prefix: | iex_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration