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Goodwill and Other Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2011
GOODWILL AND OTHER INTANGIBLE ASSETS, NET [Abstract]  
Schedule of Goodwill
The following table sets forth the change in the carrying amount of goodwill for each reportable segment and for the Company:

 
 
2011
 
2010
 
 
Industrial
Distribution
 
Aerospace
 
Total
 
Industrial
Distribution
 
Aerospace
 
Total
In thousands
 
 
 
 
 
 
 
 
 
 
 
 
Gross balance at beginning of period
 
$
39,868

 
$
89,131

 
$
128,999

 
$
15,423

 
$
80,577

 
$
96,000

Accumulated impairment
 

 
(14,181
)
 
(14,181
)
 

 
(7,810
)
 
(7,810
)
Net balance at beginning of period
 
39,868

 
74,950

 
114,818

 
15,423

 
72,767

 
88,190

Additions
 
19,334

 
19,552

 
38,886

 
24,416

 
10,448

 
34,864

Impairments
 

 

 

 

 
(6,371
)
 
(6,371
)
Foreign currency translation
 
(90
)
 
(347
)
 
(437
)
 
29

 
(1,894
)
 
(1,865
)
Ending balance at end of period
 
$
59,112

 
$
94,155

 
$
153,267

 
$
39,868

 
$
74,950

 
$
114,818

Schedule of Acquired Finite-Lived Intangible Assets by Major Class
Other intangible assets consisted of:

 
 
 
 
At December 31,
 
At December 31,
 
 
 
 
2011
 
2010
 
 
Amortization
Period
 
Gross
Amount
 
Accumulated
Amortization
 
Gross
Amount
 
Accumulated
Amortization
In thousands
 
 
 
 
 
 
 
 
 
 
Customer lists / relationships
 
8-21 years
 
$
79,517

 
$
(9,017
)
 
$
50,798

 
$
(5,135
)
Trademarks / trade names
 
3-7 years
 
1,824

 
(703
)
 
1,396

 
(403
)
Non-compete agreements and other
 
1-9 years
 
4,280

 
(2,254
)
 
3,902

 
(1,345
)
Patents
 
17 years
 
636

 
(467
)
 
657

 
(442
)
Total
 
 
 
$
86,257

 
$
(12,441
)
 
$
56,753

 
$
(7,325
)