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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2012
Goodwill and Intangible Assets [Abstract]  
Changes in carrying amounts of goodwill

The changes in carrying amounts of goodwill during the nine months ended September 30, 2012 were as follows:

 

                         
    Metals
Segment
    Plastics
Segment
    Total  

Balance as of January 1, 2012

                       

Goodwill

  $ 117,145     $ 12,973     $ 130,118  

Accumulated impairment losses

    (60,217     —         (60,217
   

 

 

   

 

 

   

 

 

 

Balance as of January 1, 2012

    56,928       12,973       69,901  

Currency valuation

    615       —         615  

Balance as of September 30, 2012

                       
   

 

 

   

 

 

   

 

 

 

Goodwill

    117,760       12,973       130,733  

Accumulated impairment losses

    (60,217     —         (60,217
   

 

 

   

 

 

   

 

 

 

Balance as of September 30, 2012

  $ 57,543     $ 12,973     $ 70,516  
   

 

 

   

 

 

   

 

 

 
Summary of the components of intangible assets

The following summarizes the components of intangible assets:

 

                                 
    September 30, 2012     December 31, 2011  
    Gross
Carrying
Amount
    Accumulated
Amortization
    Gross
Carrying
Amount
    Accumulated
Amortization
 

Customer relationships

  $ 119,373     $ 42,764     $ 118,567     $ 34,960  

Non-compete agreements

    3,888       3,152       3,888       2,902  

Trade name

    8,326       993       8,249       410  

Developed technology

    1,400       369       1,400       19  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 132,987     $ 47,278     $ 132,104     $ 38,291  
   

 

 

   

 

 

   

 

 

   

 

 

 
Summary of the estimated annual amortization expense

The following is a summary of the estimated annual amortization expense for 2012 and each of the next 4 years:

 

         

2012

  $  11,777  

2013

    11,777  

2014

    11,743  

2015

    10,977  

2016

    10,977