XML 26 R14.htm IDEA: XBRL DOCUMENT v3.8.0.1
Other Assets
9 Months Ended
Sep. 30, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets
Other Assets
Amortization expense on intangible and other assets included in cost of sales and selling, general and administrative expenses in the consolidated statements of operations for the three and nine months ended September 30, 2017 and 2016 were as follows:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Cost of sales
 
$
10,834

 
$
10,061

 
$
33,121

 
$
24,452

Selling, general and administrative
 
26,792

 
9,114

 
81,323

 
13,888

Total amortization expense
 
$
37,626

 
$
19,175

 
$
114,444

 
$
38,340


Goodwill
The gross carrying amounts of goodwill and the changes in the carrying amount of goodwill for the nine months ended September 30, 2017 were as follows:
 
 
Olefins Segment
 
Vinyls Segment
 
Total
Balance at December 31, 2016
 
$
29,990

 
$
916,563

 
$
946,553

Goodwill acquired during the period
 

 

 

Measurement period adjustment
 

 
54,605

 
54,605

Effects of changes in foreign exchange rates
 

 
10,184

 
10,184

Balance at September 30, 2017
 
$
29,990

 
$
981,352

 
$
1,011,342


The Company performed its annual impairment tests for the Vinyls reporting units in the second quarter of 2017 and did not identify any impairment.