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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] |
Schedule of Changes in Carrying Amount of Goodwill | The changes in the carrying amount of goodwill for the years ended December 31, 2020 and 2019 are as follows:
| FPD |  | FCD |  | Total
| (Amounts in thousands)
Balance as of December 31, 2018 | $ | 790,139 |  |  | $ | 407,501 |  |  | $ | 1,197,640 |
Currency translation and other | (3,509) |  |  | (1,121) |  |  | (4,630) |
Balance as of December 31, 2019 | $ | 786,630 |  |  | $ | 406,380 |  |  | $ | 1,193,010 |
Currency translation and other | 18,425 |  |  | 13,451 |  |  | 31,876 |
Balance as of December 31, 2020 | $ | 805,055 |  |  | $ | 419,831 |  |  | $ | 1,224,886 |
Schedule of Changes in Intangible Assets | The following table provides information about our intangible assets for the years ended December 31, 2020 and 2019:
|  |  | December 31, 2020 |  | December 31, 2019
| Useful Life (Years) |  | Ending Gross Amount |  | Accumulated Amortization |  | Ending Gross Amount |  | Accumulated Amortization
| (Amounts in thousands, except years)
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |
Engineering drawings(1) | 10-22 |  | $ | 90,638 |  |  | $ | (83,620) |  |  | $ | 89,490 |  |  | $ | (78,854) |
Existing customer relationships(2) | 5-10 |  | 85,214 |  |  | (62,796) |  |  | 81,844 |  |  | (53,468) |
Patents | 9-16 |  | 27,015 |  |  | (27,015) |  |  | 26,132 |  |  | (26,132) |
Other | 4-40 |  | 93,923 |  |  | (43,633) |  |  | 92,920 |  |  | (40,149) |
|  |  | $ | 296,790 |  |  | $ | (217,064) |  |  | $ | 290,386 |  |  | $ | (198,603) |
Indefinite-lived intangible assets(3) |  |  | $ | 90,355 |  |  | $ | (1,585) |  |  | $ | 90,607 |  |  | $ | (1,585) |
____________________________________ (1)Engineering drawings represent the estimated fair value associated with specific acquired product and component schematics. (2)Existing customer relationships acquired prior to 2011 had a useful life of five years. (3)Accumulated amortization for indefinite-lived intangible assets relates to amounts recorded prior to the implementation date of guidance issued in ASC 350.
Schedule of Actual and Estimated Future Amortization of Finite-Lived Intangible Assets | The following schedule outlines actual amortization expense recognized during 2020 and an estimate of future amortization based upon the finite-lived intangible assets owned at December 31, 2020:
| Amortization Expense
| (Amounts in thousands)
Actual for year ended December 31, 2020 | $ | 13,645 |
Estimated for year ended December 31, 2021 | 14,313 |
Estimated for year ended December 31, 2022 | 12,298 |
Estimated for year ended December 31, 2023 | 9,283 |
Estimated for year ended December 31, 2024 | 4,286 |
Estimated for year ended December 31, 2025 | 2,338 |
Thereafter | 37,208 |

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