v3.3.1.900

Goodwill & Intangibles (Tables) | 12 Months Ended
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Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill [Table Text Block] | The following table summarizes the activity in Goodwill, by segment during the years ended December 31, 2015 and 2014:
| Gas and Fluid Handling |  | Fabrication Technology |  | Total
| (In thousands)
Balance, January 1, 2014 | $ | 1,532,201 |  |  | $ | 877,498 |  |  | $ | 2,409,699 |
Goodwill attributable to acquisitions(1) | — |  |  | 612,866 |  |  | 612,866 |
Impact of foreign currency translation and other | (103,843 | ) |  | (45,699 | ) |  | (149,542 | )
Balance, December 31, 2014 | 1,428,358 |  |  | 1,444,665 |  |  | 2,873,023 |
Goodwill attributable to acquisitions | 85,216 |  |  | — |  |  | 85,216 |
Impact of foreign currency translation and other | (87,308 | ) |  | (53,244 | ) |  | (140,552 | )
Balance, December 31, 2015 | $ | 1,426,266 |  |  | $ | 1,391,421 |  |  | $ | 2,817,687 |
(1) During the year ended December 31, 2015, the Company retrospectively adjusted provisional amounts with respect to an acquisition completed during the three months ended June 27, 2014 to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date. See Note 4, “Acquisitions” for further discussion regarding these adjustments.
Schedule Of Intangible Assets [Table Text Block] | The following table summarizes the Intangible assets, excluding Goodwill:
| December 31,
| 2015 |  | 2014
| Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
| (In thousands)
Trade names – indefinite life | $ | 395,319 |  |  | $ | — |  |  | $ | 410,600 |  |  | $ | — |
Acquired customer relationships | 573,589 |  |  | (117,573 | ) |  | 593,799 |  |  | (85,171 | )
Acquired technology | 149,578 |  |  | (37,012 | ) |  | 113,697 |  |  | (27,681 | )
Acquired backlog | 2,575 |  |  | (2,220 | ) |  | — |  |  | — |
Other intangible assets | 48,413 |  |  | (16,957 | ) |  | 50,287 |  |  | (11,948 | )
| $ | 1,169,474 |  |  | $ | (173,762 | ) |  | $ | 1,168,383 |  |  | $ | (124,800 | )
Schedule Of Finite Lived Intangible Assets Amortization Expense [Table Text Block] | Amortization expense related to intangible assets was included in the Consolidated Statements of Income as follows:
| Year Ended December 31,
| 2015 |  | 2014 |  | 2013
| (In thousands)
Selling, general and administrative expense | $ | 60,629 |  |  | $ | 67,052 |  |  | $ | 41,012 |

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