XML 29 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
The change in goodwill
The changes in the carrying amount of goodwill for the years ended December 31, 2013 and 2012 is as follows: 
 
Distribution
 
Engineered
Products
 
Material Handling
 
Lawn and
Garden
 
Total
January 1, 2012
$
214

 
$
707

 
$
34,279

 
$
9,466

 
$
44,666

Acquisitions
—

 
—

 
16,240

 
—

 
16,240

Foreign currency translation
—

 
—

 
2

 
148

 
150

December 31, 2012
214

 
707

 
50,521

 
9,614

 
61,056

Reclassification of prepaid asset from Novel acquisition
—

 
—

 
1,028

 
—

 
1,028

Foreign currency translation
—

 
—

 
(1,199
)
 
(243
)
 
(1,442
)
December 31, 2013
$
214

 
$
707

 
$
50,350

 
$
9,371

 
$
60,642
Intangible assets
Intangible assets at December 31, 2013 and 2012 consisted of the following:
 
 
 
2013
 
2012
 
Weighted Average Useful Life (years)
 
Gross
 
Accumulated
Amortization
 
Net
 
Gross
 
Accumulated
Amortization
 
Net
Trade Names
6.3
 
$
6,783

 
$
(78
)
 
$
6,705

 
$
7,273

 
$
(46
)
 
$
7,227

Customer Relationships
5.0
 
17,159

 
(10,841
)
 
6,318

 
18,702

 
(10,163
)
 
8,539

Technology
8.1
 
5,502

 
(918
)
 
4,584

 
7,837

 
(2,433
)
 
5,404

Patents
3.2
 
10,900

 
(7,448
)
 
3,452

 
10,900

 
(6,359
)
 
4,541

Non-Compete
1.0
 
261

 
(205
)
 
56

 
569

 
(441
)
 
128

 
 
 
$
40,605

 
$
(19,490
)
 
$
21,115

 
$
45,281

 
$
(19,442
)
 
$
25,839