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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2014
Goodwill and Other Intangible Assets [Abstract]  
Schedule of Goodwill [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rail Products

 

Construction Products

 

Tubular Products

 

Total

Balance at December 31, 2012

$

38,026 

$

3,211 

$

 -

$

41,237 

Acquisitions

 

 -

 

 -

 

16,544 

 

16,544 

Balance at December 31, 2013

 

38,026 

 

3,211 

 

16,544 

 

57,781 

Acquisitions

 

971 

 

1,936 

 

22,302 

 

25,209 

Foreign currency translation impact

 

(41)

 

 -

 

 -

 

(41)

Balance at December 31, 2014

$

38,956 

$

5,147 

$

38,846 

$

82,949 

 

Schedule of Intangible Assets [Table Text Block]

 

 

 

 

 

 

 

2014

 

2013

Rail Products

$

44,781 

$

44,455 

Construction Products

 

3,178 

 

1,830 

Tubular Products

 

47,812 

 

14,682 

 

$

95,771 

$

60,967 

 

Schedule of Finite-Lived Intangible Assets [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

Weighted Average

 

Gross

 

 

 

Net

 

Amortization Period

 

Carrying

 

Accumulated

 

Carrying

 

In Years

 

Value

 

Amortization

 

Amount

 

 

Non-compete agreements

 5

$

4,143 

$

(705)

$

3,438 

Patents

10

 

564 

 

(189)

 

375 

Customer relationships

19

 

44,450 

 

(4,679)

 

39,771 

Supplier relationships

 5

 

350 

 

(268)

 

82 

Trademarks and trade names

14

 

10,765 

 

(1,855)

 

8,910 

Technology

14

 

35,499 

 

(5,941)

 

29,558 

 

 

$

95,771 

$

(13,637)

$

82,134 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

Weighted Average

 

Gross

 

 

 

Net

 

Amortization Period

 

Carrying

 

Accumulated

 

Carrying

 

In Years

 

Value

 

Amortization

 

Amount

 

 

Non-compete agreements

 5

$

2,860 

$

(117)

$

2,743 

Patents

10

 

639 

 

(201)

 

438 

Customer relationships

23

 

19,960 

 

(3,575)

 

16,385 

Supplier relationships

 5

 

350 

 

(213)

 

137 

Trademarks and trade names

16

 

7,003 

 

(1,334)

 

5,669 

Technology

15

 

30,155 

 

(3,681)

 

26,474 

 

 

$

60,967 

$

(9,121)

$

51,846 

 

Schedule of Expected Amortization Expense [Table Text Block]

 

 

 

 

 

 

 

 

Amortization Expense

2015

$

7,176 

2016

 

7,012 

2017

 

6,981 

2018

 

6,876 

2019

 

6,152 

2020 and thereafter

 

47,937 

 

$

82,134