Goodwill and Purchased Intangible Assets

12 Months Ended

Dec. 31, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Purchased Intangible Assets

Note 4 — Goodwill and Purchased Intangible Assets

Changes in the carrying amount of gross goodwill and other purchased intangibles for the years ended December 31, 2017 and 2016, by segment, are as follows


(In millions)	Composite Materials			Engineered Products		Total
Balance as of December 31, 2015	$	42.8		$	16.1	$	58.9
Amortization expense		(0.3	)		—		(0.3	)
Additions		18.1			—		18.1
Currency translation adjustments and other		(4.5	)		—		(4.5	)
Balance as of December 31, 2016	$	56.1		$	16.1	$	72.2
Amortization expense		(1.0	)		—		(1.0	)
Additions		41.2			28.9		70.1
Currency translation adjustments and other		7.4			—		7.4
Balance as of December 31, 2017	$	103.7		$	45.0	$	148.7

We performed our annual impairment review of goodwill as of November 30, 2017 and determined that it was more likely than not that the fair values of our reporting units are above their carrying values. The goodwill and intangible asset balances as of December 31, 2017 include $5.1 million of indefinite-lived intangible assets, $33.5 million of a definite-lived intangible asset and $110.1 million of goodwill. The increase in goodwill is due to the Structil and OPM acquisitions discussed in the acquisitions note. Of the $110.1 million of goodwill, $76.9 million is allocated to the Composite Materials segment and $33.2 million to the Engineered Products segment.

Amortization related to the definite lived intangible assets for the next five years and thereafter is as follows: $2.7 million for 2018 through 2022, and $20.2 million thereafter.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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