XML 24 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in carrying amounts of goodwill
The changes in carrying amounts of goodwill during the years ended December 31, 2012 and 2011 were as follows:
 
2012
 
2011
 
Metals
Segment
 
Plastics
Segment
 
Total
 
Metals
Segment
 
Plastics
Segment
 
Total
Balance as of January 1
 
 
 
 
 
 
 
 
 
 
 
Goodwill
$
117,145

 
$
12,973

 
$
130,118

 
$
97,354

 
$
12,973

 
$
110,327

Accumulated impairment losses
(60,217
)
 

 
(60,217
)
 
(60,217
)
 

 
(60,217
)
 
56,928

 
12,973

 
69,901

 
37,137

 
12,973

 
50,110

Acquisition of Tube Supply

 

 

 
19,637

 

 
19,637

Currency valuation
399

 

 
399

 
154

 

 
154

Balance as of December 31
 
 
 
 
 
 
 
 
 
 
 
Goodwill
117,544

 
12,973

 
130,517

 
117,145

 
12,973

 
130,118

Accumulated impairment losses
(60,217
)
 

 
(60,217
)
 
(60,217
)
 

 
(60,217
)
 
$
57,327

 
$
12,973

 
$
70,300

 
$
56,928

 
$
12,973

 
$
69,901

Summary of the components of intangible assets
The following summarizes the components of intangible assets at December 31, 2012 and 2011 :
 
2012
 
2011
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Gross Carrying
Amount
 
Accumulated
Amortization
Customer relationships
$
119,118

 
$
45,317

 
$
118,567

 
$
34,960

Non-compete agreements
3,888

 
3,235

 
3,888

 
2,902

Trade names
8,297

 
1,188

 
8,249

 
410

Developed technology
1,400

 
486

 
1,400

 
19

Total
$
132,703

 
$
50,226

 
$
132,104

 
$
38,291

Summary of the estimated annual amortization expense
The following is a summary of the estimated annual amortization expense for each of the next 5 years:
2013
$
11,775

2014
11,742

2015
10,975

2016
10,975

2017
8,951