GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2012

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

7. GOODWILL AND OTHER INTANGIBLE ASSETS

        In February 2011, we acquired Exterior Portfolio, which is part of our building products segment. The purchase price was allocated to the assets acquired and liabilities assumed based upon the estimated fair value at the date of the acquisition, including the following allocations to goodwill and other intangible assets: $25.5 million to customer relationships, $5.5 million to technology, $4.5 million to trade names, and the remaining $7.5 million was attributed to goodwill. The allocation of the purchase price was finalized in the three months ended March 31, 2012.

        Goodwill.    The following table provides the detail of goodwill at December 31, 2011 and the changes made to goodwill by reportable segment during the three months ended March 31, 2012.

(In thousands)	Chlorovinyls			Building Products			Total
Gross goodwill at December 31, 2011	$	242,855		$	158,446		$	401,301
Accumulated impairment losses at December 31, 2011		(55,487	)		(132,206	)		(187,693	)
Net goodwill at December 31, 2011	$	187,368		$	26,240		$	213,608
Gross goodwill at December 31, 2011	$	242,855		$	158,446		$	401,301
Adjustment to preliminary allocation of purchase price for acquisition		—			1,084			1,084
Foreign currency translation adjustment		2,253			—			2,253
Gross goodwill at March 31, 2012		245,108			159,530			404,638
Accumulated impairment losses at March 31, 2012		(55,487	)		(132,206	)		(187,693	)
Net goodwill at March 31, 2012	$	189,621		$	27,324		$	216,945

        Indefinite-lived intangible assets.    At March 31, 2012 and December 31, 2011, our indefinite-lived assets consisted only of trade names. The following table provides the indefinite-lived intangible assets by reporting segment as of March 31, 2012 and December 31, 2011 and the changes to indefinite-lived intangible assets during the three months ended March 31, 2012.

(In thousands)	Chlorovinyls		Building Products		Total
Balance at December 31, 2011	$	364	$	8,701	$	9,065
Foreign currency translation adjustment		8		42		50
Balance at March 31, 2012	$	372	$	8,743	$	9,115

        Finite-lived intangible assets.    At March 31, 2012 and December 31, 2011, we also had customer relationship and technology intangible assets that relate to our building products segment, which are our only finite-lived assets. The following table provides the detail of finite-lived assets at March 31, 2012 and December 31, 2011.

(In thousands)	Building Products
Gross carrying amounts at March 31, 2012:
Customer relationships	$	36,922
Technology		17,367
Total		54,289
Accumulated amortization at March 31, 2012:
Customer relationships		(7,319	)
Technology		(8,473	)
Total		(15,792	)
Foreign currency translation adjustment and other at March 31, 2012:
Customer relationships		(1,684	)
Technology		—
Total		(1,684	)
Net carrying amounts at March 31, 2012:
Customer relationships		27,919
Technology		8,894
Total	$	36,813

(In thousands)	Building Products
Gross carrying amounts at December 31, 2011:
Customer relationships	$	36,922
Technology		17,367
Total		54,289
Accumulated amortization at December 31, 2011:
Customer relationships		(6,860	)
Technology		(8,095	)
Total		(14,955	)
Foreign currency translation adjustment and other at December 31, 2011:
Customer relationships		(1,684	)
Technology		—
Total		(1,684	)
Net carrying amounts at December 31, 2011:
Customer relationships		28,378
Technology		9,272
Total	$	37,650

        The weighted average estimated useful life for the customer relationships is approximately 16 years. Technology has a weighted average estimated useful life of approximately 7 years. Amortization expense for the finite-lived intangible assets was $0.8 million and $0.5 million for the three months ended March 31, 2012 and 2011, respectively. Total finite-lived intangible assets estimated annual amortization expense for the next five fiscal years is approximately $3.3 million per year.