DOVER Corp | 2013 | FY | 3

7. Goodwill and Other Intangible Assets

The changes in the carrying value of goodwill by segment for the years ended December 31, 2013 and 2012 are as follows:
 
Energy
 
Engineered Systems
 
Printing & Identification
 
Communication Technologies
 
Total
Goodwill
$
622,335

 
$
1,005,980

 
$
744,638

 
$
1,204,582

 
$
3,577,535

Accumulated impairment loss
—

 
(70,560
)
 
—

 
—

 
(70,560
)
Balance at January 1, 2012
622,335

 
935,420

 
744,638

 
1,204,582

 
3,506,975

Acquisitions
135,906

 
466,192

 
—

 
—

 
602,098

Purchase price adjustments
—

 
—

 
—

 
(6,998
)
 
(6,998
)
Foreign currency translation
2,396

 
1,769

 
1,699

 
6,711

 
12,575

Balance at December 31, 2012
760,637

 
1,403,381

 
746,337

 
1,204,295

 
4,114,650

Acquisitions
41,751

 
95,038

 
5,099

 
—

 
141,888

Purchase price adjustments
(2,278
)
 
(25,860
)
 
—

 
—

 
(28,138
)
Foreign currency translation
(5,566
)
 
4,694

 
(209
)
 
15,590

 
14,509

Balance at December 31, 2013
$
794,544

 
$
1,477,253

 
$
751,227

 
$
1,219,885

 
$
4,242,909

 
During the year ended December 31, 2013, the Company recorded adjustments totaling $28,138 to goodwill relating primarily to finalization of the purchase price allocation to assets acquired and liabilities assumed for the 2012 acquisitions of Maag Pump Systems, Anthony International, and UPCO, Inc. The Company did not record adjustments relating to these acquisitions for the year ended December 31, 2012, as amounts were not significant.

The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset:
 
December 31, 2013
 
December 31, 2012
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Gross Carrying
Amount
 
Accumulated
Amortization
Amortized intangible assets:
 
 
 
 
 
 
 
Trademarks
$
134,898

 
$
35,736

 
$
124,129

 
$
25,364

Patents
201,779

 
120,354

 
180,427

 
105,369

Customer Intangibles
1,717,912

 
614,410

 
1,585,041

 
474,309

Unpatented Technologies
146,240

 
100,465

 
146,025

 
85,373

Drawings & Manuals
43,022

 
11,684

 
34,120

 
8,035

Distributor Relationships
72,514

 
35,447

 
72,514

 
31,650

Other
34,174

 
21,830

 
32,221

 
20,815

Total
$
2,350,539

 
$
939,926

 
$
2,174,477

 
$
750,915

Unamortized intangible assets:
 

 
 

 
 

 
 

Trademarks
201,874

 
 

 
201,858

 
 

Total intangible assets, net
$
1,612,487

 


 
$
1,625,420

 




Total amortization expense for the years ended December 31, 2013, 2012, and 2011 was $186,258, $155,770, and $122,453, respectively. Amortization expense for the next five years, based on current intangible balances, is estimated to be as follows:

2014
$
185,100

2015
183,306

2016
181,159

2017
173,721

2018
160,152

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