Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Changes in the carrying amount of goodwill for the years ended December 31, 2012 and December 30, 2011 are as follows:



	U.S. Residential Products		U.S. Commercial Products		European Roll Coated Aluminum			European Engineered Products			Consolidated
Balance at December 31, 2010	$	71,987	$	9,067	$	106,560		$	12,385		$	199,999
Foreign currency translation	—		—		(3,268		)	(45		)	(3,313		)
Balance at December 30, 2011	71,987		9,067		103,292			12,340			196,686
Acquisition of Cleveland Tubing, Inc	256		—		—			—			256
Foreign currency translation	—		—		1,873			560			2,433
Balance at December 31, 2012	$	72,243	$	9,067	$	105,165		$	12,900		$	199,375

Accumulated impairment losses as of December 31, 2012 were $151.2 million for U.S. Residential Products, $58.7 million for U.S. Commercial Products, $57.8 million for European Roll Coated Aluminum Products and $10.0 million for European Engineered Products. Accumulated impairment losses as of December 30, 2011 were $151.1 million for U.S. Residential Products, $58.7 million for U.S. Commercial Products, $56.8 million for European Roll Coated Aluminum and $9.6 million for European Engineered Products. Changes in accumulated impairment losses resulted from foreign currency translation adjustments related to goodwill in the Company's foreign reporting units.

Intangible Assets

Intangible assets consisted of the following:



	As of December 31, 2012							As of December 30, 2011
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Intangible assets subject to amortization:
Customer relationships	$	212,532	$	(157,943	)	$	54,589	$	210,873	$	(141,237	)	$	69,636
Patents	5,800		(4,425		)	1,375		5,800		(3,835		)	1,965
Non-compete agreements	2,266		(2,266		)	—		2,266		(2,183		)	83
	220,598		(164,634		)	55,964		218,939		(147,255		)	71,684
Intangible assets not subject to amortization:
Trade names	6,100		—			6,100		6,100		—			6,100
Total intangible assets	$	226,698	$	(164,634	)	$	62,064	$	225,039	$	(147,255	)	$	77,784

The aggregate amortization expense for intangible assets for 2012, 2011, and 2010 was $16.1 million, $18.1 million, and $19.8 million, respectively. The average useful lives of the Company's customer relationships and patents are 12 years and 10 years, respectively. Based on the carrying value of identified intangible assets recorded at December 31, 2012, and assuming no subsequent impairment of the underlying assets, the aggregate annual amortization expense for the next 5 years is expected to be as follows:



Year	Amortization of Intangible Assets
2013	$	14,734
2014	13,423
2015	11,867
2016	10,571
2017	4,268

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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