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Intangible Assets
 12 Months Ended
Dec. 31, 2014
Intangible Assets [Abstract]  
Intangible Assets

 

NOTE 10.  INTANGIBLE ASSETS

We conduct our annual impairment testing of non-amortizing intangible assets during the fourth quarter.  Our 2014 testing concluded there was an impairment of $10.0 million of a Wood Flooring trademark.  The 2013 and 2012 reviews concluded that no impairment charges were necessary.  See Note 2 to the Consolidated Financial Statements for a discussion of our accounting policy for intangible assets.

 

The following table details amounts related to our intangible assets as of December 31, 2014 and 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

December 31, 2013

 

Estimated Useful Life

 

Gross Carrying Amount

 

Accumulated Amortization

 

Gross Carrying Amount

 

Accumulated Amortization

Amortizing intangible assets

 

 

 

 

 

 

 

 

 

Customer relationships

20 years

 
$
165.4 

 
$
68.4 

 
$
165.5 

 
$
60.2 

Developed technology

15 years

 
84.9 

 
45.1 

 
83.1 

 
39.4 

Other

Various

 
21.3 

 
2.4 

 
21.5 

 
1.9 

Total

 

 
$
271.6 

 
$
115.9 

 
$
270.1 

 
$
101.5 

 

 

 

 

 

 

 

 

 

 

Non-amortizing intangible assets

 

 

 

 

 

 

 

 

 

Trademarks and brand names

Indefinite

 
345.7 

 

 

 
354.3 

 

 

Total intangible assets

 

 
$
617.3 

 

 

 
$
624.4 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

2012

Amortization expense
$
14.5 

 
$
14.4 

 
$
14.1 

 

 

 

 

 

The expected annual amortization expense for the years 2015 through 2019 is approximately $14 million.