Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2012

Goodwill and Other Intangible Assets [Abstract]

Goodwill and Other Intangible Assets

Note 3 – Goodwill and Other Intangible Assets

The Company reviews goodwill and other intangible assets with indefinite lives for impairment on an annual basis, or more frequently if events or circumstances change that would impact the value of these assets. The Company did not recognize any impairment losses of its goodwill during the quarters ended March 31, 2012 and April 2, 2011. None of the Company’s goodwill is deductible for income tax purposes.

The changes in the carrying amount of goodwill are as follows (in thousands):

	Goodwill
Balance at December 31, 2011	$	478,912
Foreign currency translation		3,591
Balance at March 31, 2012	$	482,503

The Company’s other intangible assets consist of the following (in thousands):

	March 31, 2012								December 31, 2011
	Average Amortization Period (In Years)		Cost		Accumulated Amortization		Net Carrying Value		Average Amortization Period (In Years)		Cost		Accumulated Amortization		Net Carrying Value
Amortized customer bases		13	$	331,538	$	38,215	$	293,323		13	$	330,080	$	31,498	$	298,582
Amortized non-compete agreements		3		10		3		7		3		10		2		8
Total amortized intangible assets				331,548		38,218		293,330				330,090		31,500		298,590
Non-amortized trade names				325,881		—		325,881				323,510		—		323,510
Total intangible assets			$	657,429	$	38,218	$	619,211			$	653,600	$	31,500	$	622,100

The Company’s non-amortized intangible assets consist of the Alside ^®, Revere ^®, Gentek^®, Preservation ^® and Alpine trade names and are tested for impairment at least annually at the beginning of the fourth quarter and on a more frequent basis if there are indications of potential impairment. The Company did not recognize any impairment losses of its other intangible assets during the quarters ended March 31, 2012 and April 2, 2011.

Finite lived intangible assets are amortized on a straight-line basis over their estimated useful lives. Amortization expense related to other intangible assets was approximately $6.6 million for each of the quarters ended March 31, 2012 and April 2, 2011.