XML 35 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
The following table summarizes the net carrying amount of goodwill by segment at December 31, 2013 and 2012, respectively:
 
 
 
 
 
Engineering
 
 
 
 
 
Aerostructures
 
Services
 
Total
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Balance at December 31,
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Goodwill
$
141,663

 
$
135,431

 
$
50,741

 
$
49,536

 
$
192,404

 
$
184,967

Accumulated impairment loss
(79,181
)
 
(5,653
)
 

 

 
(79,181
)
 
(5,653
)
Net Goodwill
$
62,482

 
$
129,778

 
$
50,741

 
$
49,536

 
$
113,223

 
$
179,314

Finite and infinite lived intangible assets
The carrying values were as follows:
 
December 31,
 
2013
 
2012
Trademarks
$
778

 
$
5,000

Customer intangible assets
68,991

 
68,991

Other
1,481

 
1,481

Accumulated amortization
(15,785
)
 
(11,138
)
Intangible assets, net
$
55,465

 
$
64,334

Estimated annual amortization expense
Estimated annual amortization expense for these intangibles is as follows:
 
Year ending December 31,
 
2014
$
4,524

2015
4,359

2016
4,134

2017
3,915

2018
3,563

Thereafter
34,970

 
$
55,465