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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2012
Changes in Goodwill and Other Identifiable Intangible Assets

The changes in the carrying amount of goodwill during the years ended December 31, 2012, 2011, and 2010 by reportable segment, as well as other identifiable intangible assets, are summarized as follows (in thousands):

 

     Goodwill               
     Automotive     Industrial     Office
Products
     Electrical/
Electronic
Materials
     Other
Intangible
Assets, Net
    Total  

Balance as of January 1, 2011

   $ 44,271      $ 86,810      $ 10,554       $ 8,647       $ 59,266      $ 209,548   

Additions

            12,379                15,703         50,128        78,210   

Amortization

                                   (6,774     (6,774

Foreign currency translation

     (566     (178                     (465     (1,209
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Balance as of December 31, 2011

     43,705        99,011        10,554         24,350         102,155        279,775   

Additions

     114,206                       5,355         110,014        229,575   

Amortization

                                   (12,991     (12,991

Foreign currency translation

     638        221                        621        1,480   
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Balance as of December 31, 2012

   $ 158,549      $ 99,232      $ 10,554       $ 29,705       $ 199,799      $ 497,839   
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 
Gross Carrying Amounts and Accumulated Amortization Relating to Other Intangible Assets

The gross carrying amounts and accumulated amortization relating to other intangible assets at December 31, 2012 and 2011 is as follows (in thousands):

 

     2012      2011  
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net      Gross
Carrying
Amount
     Accumulated
Amortization
    Net  

Customer relationships

   $ 209,328       $ (38,030   $ 171,298       $ 100,921       $ (26,098   $ 74,823   

Trademarks

     29,337         (1,944     27,393         26,996         (1,197     25,799   

Non-competition agreements

     4,483         (3,375     1,108         5,416         (3,883     1,533   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 
   $ 243,148       $ (43,349   $ 199,799       $ 133,333       $ (31,178   $ 102,155   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 
Estimated Other Intangible Assets Amortization Expense

Estimated other intangible assets amortization expense for the succeeding five years is as follows (in thousands):

 

2013

   $ 15,500   

2014

     15,300   

2015

     15,100   

2016

     14,600   

2017

     14,200   
  

 

 

 
   $ 74,700