GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

A reconciliation of the change in the carrying value of goodwill by reportable segment is as follows:



	June 30, 2014
	Diversified			Energy		Corporate		Total
Balance at beginning of year	$	32,841		$	62,234	$	81	$	95,156
Acquisitions	—			—		—		—
Currency translation adjustment	(4		)	—		—		(4		)
Other adjustments	76			—		—		76
Balance at end of period	$	32,913		$	62,234	$	81	$	95,228

Goodwill in the Energy segment at December 31, 2013, has been revised to reflect measurement period

adjustments identified during the six months ended June 30, 2014, related to Steel Excel's acquisition of the assets of Black Hawk Inc. as if they had been recognized at the acquisition date (see Note 2 – "Acquisitions" for additional information).



	December 31, 2013
	Diversified			Energy			Corporate		Total
Balance at beginning of year	$	15,112		$	48,429		$	81	$	63,622
Acquisitions	18,169			17,382			—		35,551
Impairment (a)	—			(3,577		)	—		(3,577		)
Currency translation adjustment	14			—			—		14
Other adjustments (b)	(454		)	—			—		(454		)
Balance at end of year	$	32,841		$	62,234		$	81	$	95,156

(a) Represents an impairment related to one of Steel Excel's sports businesses.

(b) Represents final purchase price allocation adjustments, including a final working capital adjustment, associated with the HNH acquisition of Hickman.

A summary of intangible assets other than goodwill is summarized as follows:



	June 30, 2014						December 31, 2013
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Product and customer relationships	$	129,589	$	28,184	$	101,405	$	128,754	$	22,816	$	105,938
Trademarks	29,693		5,032		24,661		29,675		3,978		25,697
Patents and technology	19,465		6,409		13,056		19,338		5,635		13,703
Other	2,629		1,731		898		2,636		1,547		1,089
	$	181,376	$	41,356	$	140,020	$	180,403	$	33,976	$	146,427

Trademarks with indefinite lives as of June 30, 2014 and December 31, 2013 were $8,020. Amortization expense related to intangible assets was $3,652 and $3,022 for the three months ended June 30, 2014 and 2013, respectively, and $7,414 and $5,800 for the six months ended June 30, 2014 and 2013, respectively. Amortization expense is expected to be $7,305, $14,217, $13,641, $12,528, $11,664 and $72,645 for the remainder of 2014, 2015, 2016, 2017, 2018 and thereafter, respectively.

Certain intangible asset amounts at December 31, 2013, have been revised to reflect measurement period adjustments identified during the six months ended June 30, 2014, related to Steel Excel's acquisition of the assets of Black Hawk Inc. as if they had been recognized at the acquisition date (see Note 2 – "Acquisitions" for additional information).

- 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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