XML 29 R15.htm IDEA: XBRL DOCUMENT v3.19.1
Goodwill and Other Intangible Assets
3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
The following table reflects the changes in carrying amounts of goodwill by segment for the three months ended March 31, 2019:
(In thousands)
 
Harsco Metals  & Minerals Segment
 
Harsco Industrial Segment
 
Harsco Rail
Segment
 
Consolidated
Totals
Balance at December 31, 2018
 
$
391,687

 
$
6,839

 
$
13,026

 
$
411,552

Foreign currency translation
 
897

 

 

 
897

Balance at March 31, 2019
 
$
392,584

 
$
6,839

 
$
13,026

 
$
412,449


The Company tests for goodwill impairment annually, or more frequently if indicators of impairment exist, or if a decision is made to dispose of a business.  The Company performs the annual goodwill impairment test as of October 1 and monitors for triggering events on an ongoing basis.  The Company determined that, as of March 31, 2019, no interim goodwill impairment testing was necessary. 
Intangible assets included in the caption, Intangible assets, net, on the Condensed Consolidated Balance Sheets consist of the following:
 
 
March 31, 2019
 
December 31, 2018
(In thousands)
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Gross Carrying
Amount
 
Accumulated
Amortization
Customer related
 
$
137,242

 
$
101,090

 
$
136,307

 
$
99,383

Patents
 
2,597

 
2,505

 
2,598

 
2,503

Technology related
 
36,572

 
3,599

 
35,831

 
2,681

Trade names
 
9,298

 
2,051

 
9,212

 
1,897

Other
 
5,929

 
3,640

 
5,865

 
3,524

Total
 
$
191,638

 
$
112,885

 
$
189,813

 
$
109,988



Amortization expense for intangible assets was as follows:
 
 
Three Months Ended
 
 
March 31
(In thousands)
 
2019
 
2018
Amortization expense for intangible assets
 
$
2,352

 
$
1,282



The estimated amortization expense for the next five fiscal years based on current intangible assets is as follows:
(In thousands)
 
2019
 
2020
 
2021
 
2022
 
2023
Estimated amortization expense (a)
 
$
9,000

 
$
8,750

 
$
8,500

 
$
8,250

 
$
8,250


(a) These estimated amortization expense amounts do not reflect the potential effect of future foreign currency exchange fluctuations.