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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]  
The change in goodwill

The change in the carrying amount of goodwill for the years ended December 31, 2015 and 2014 is as follows:

 

 

 

Distribution

 

 

Material

Handling

 

 

Total

 

January 1, 2014

 

$

505

 

 

$

50,570

 

 

$

51,075

 

Acquisitions

 

 

 

 

 

19,812

 

 

 

19,812

 

Foreign currency translation

 

 

 

 

 

(4,248

)

 

 

(4,248

)

December 31, 2014

 

 

505

 

 

 

66,134

 

 

 

66,639

 

Measurement period adjustments

 

 

 

 

 

(300

)

 

 

(300

)

Foreign currency translation

 

 

 

 

 

(2,304

)

 

 

(2,304

)

December 31, 2015

 

$

505

 

 

$

63,530

 

 

$

64,035

 

 

Intangible assets

Intangible assets at December 31, 2015 and 2014 consisted of the following:

 

 

 

 

 

 

2015

 

 

2014

 

 

 

Weighted

Average Remaining Useful

Life (years)

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

 

Gross

 

 

Accumulated

Amortization

 

 

Net

 

Trade Names - Indefinite Lived

 

 

 

 

 

$

10,859

 

 

$

 

 

$

10,859

 

 

$

11,256

 

 

$

 

 

$

11,256

 

Trade Names

 

 

4.3

 

 

 

280

 

 

 

(142

)

 

 

138

 

 

 

280

 

 

 

(110

)

 

 

170

 

Customer Relationships

 

 

4.1

 

 

 

40,427

 

 

 

(16,165

)

 

 

24,262

 

 

 

41,332

 

 

 

(7,964

)

 

 

33,368

 

Technology

 

 

8.0

 

 

 

27,177

 

 

 

(5,166

)

 

 

22,011

 

 

 

27,642

 

 

 

(2,552

)

 

 

25,090

 

Patents

 

 

1.2

 

 

 

11,724

 

 

 

(10,464

)

 

 

1,260

 

 

 

10,888

 

 

 

(8,538

)

 

 

2,350

 

Non-Compete

 

 

0.0

 

 

 

 

 

 

 

 

 

 

 

 

150

 

 

 

(149

)

 

 

1

 

 

 

 

 

 

 

$

90,467

 

 

$

(31,937

)

 

$

58,530

 

 

$

91,548

 

 

$

(19,313

)

 

$

72,235