v3.3.1.900
Goodwill & Intangibles (Tables)
 12 Months Ended
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