Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2013

Goodwill and Other Intangible Assets [Abstract]

Note 3 - Goodwill and Other Intangible Assets

The following represents the carrying amount of goodwill, on a reportable segment basis, as of December 31, 2012 and March 31, 2013:

	Wheels		Brillion Iron Works			Total
Balance as of December 31, 2012	$	96,283		$	4,414		$	100,697
Balance as of March 31, 2013	$	96,283		$	4,414		$	100,697

The changes in the carrying amount of other intangible assets for the period December 31, 2011 to March 31, 2012, by reportable segment, are as follows:

	Wheels			Gunite			Brillion Iron Works			Corporate			Total
Balance as of December 31, 2011	$	138,575		$	38,968		$	2,997		$	809		$	181,349
Amortization		(1,977	)		(551	)		(40	)		(128	)		(2,696	)
Balance as of March 31, 2012	$	136,598		$	38,417		$	2,957		$	681		$	178,653

The changes in the carrying amount of other intangible assets for the period December 31, 2011 to March 31, 2012, by reportable segment, are as follows:

	Wheels			Brillion Iron Works			Corporate			Total
Balance as of December 31, 2012	$	130,668		$	2,833		$	679		$	134,180
Amortization		(1,975	)		(41	)		(257	)		(2,273	)
Balance as of March 31, 2013	$	128,693		$	2,273		$	422		$	131,907

The summary of goodwill and other intangible assets is as follows:

			As of March 31, 2013						As of December 31, 2012
	Weighted Average Useful Lives		Gross Amount		Accumulated Amortization		Carrying Amount		Gross Amount		Accumulated Amortization		Carrying Amount
Goodwill		—	$	100,697	$		$	100,697	$	100,697	$		$	100,697
Other intangible assets:
Non-compete agreements		2.0	$	1,552	$	1,130	$	422	$	1,552	$	873	$	679
Trade names		—		25,200		-		25,200		25,200		-		25,200
Technology		10.0		38,849		18,284		20,565		38,849		17,547		21,302
Customer relationships		19.9		129,093		43,373		85,720		129,093		42,094		86,999
Other intangible assets:			$	194,694	$	62,787	$	131,907	$	194,694	$	60,514	$	134,180

We estimate that our amortization expense for our other intangible assets for 2013 through 2017 will be approximately $8.7 million for 2013, $8.1 million for 2014 through 2017.

- 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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