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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Goodwill and Other Identifiable Intangible Assets

The changes in the carrying amount of goodwill during the years ended December 31, 2015 and 2014 by reportable segment, as well as other identifiable intangible assets, are summarized as follows (in thousands):

 

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

Balance as of January 1, 2014

   $ 622,180      $ 116,136      $ 10,554       $ 41,101       $ 789,971      $ 499,385   

Additions

     20,404        3,577        37,054         31,565         92,600        110,129   

Amortization

                                          (36,867

Foreign currency translation

     (42,745     (751                     (43,496     (25,132
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Balance as of December 31, 2014

     599,839        118,962        47,608         72,666         839,075        547,515   

Additions

     5,030        18,696        8,891         20,335         52,952        38,596   

Amortization

                                          (34,878

Foreign currency translation

     (49,866     (1,579                     (51,445     (30,020
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Balance as of December 31, 2015

   $ 555,003      $ 136,079      $ 56,499       $ 93,001       $ 840,582      $ 521,213   
  

 

 

   

 

 

   

 

 

    

 

 

    

 

 

   

 

 

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, 2015 and 2014 is as follows (in thousands):

 

     2015      2014  
     Gross
Carrying
Amount
     Accumulated
Amortization
    Net      Gross
Carrying
Amount
     Accumulated
Amortization
    Net  

Customer relationships

   $ 494,516       $ (115,636   $ 378,880       $ 477,484       $ (88,923   $ 388,561   

Trademarks

     153,346         (11,922     141,424         166,507         (8,654     157,853   

Non-competition agreements

     5,765         (4,856     909         6,062         (4,961     1,101   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 
   $ 653,627       $ (132,414   $ 521,213       $ 650,053       $ (102,538   $ 547,515   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

Estimated Other Intangible Assets Amortization Expense
Estimated other intangible assets amortization expense for the succeeding five years is as follows (in thousands):

 

2016

   $ 35,000   

2017

     35,000   

2018

     35,000   

2019

     34,000   

2020

     34,000   
  

 

 

 
   $ 173,000