Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2015

Goodwill and Other Intangible Assets [Abstract]

Carrying amount of goodwill on a reportable segment basis

The following represents the carrying amount of goodwill, on a reportable segment basis:

(In thousands)	Wheels		Brillion Iron Works		Total
Balance as of December 31, 2014	$	96,283	$	4,414	$	100,697
Balance as of September 30, 2015	$	96,283	$	4,414	$	100,697

Carrying amount of other intangible assets by reportable segment

The changes in the carrying amount of other intangible assets for the period December 31, 2014 to September 30, 2015, by reportable segment, are as follows:

(In thousands)	Wheels		Brillion Iron Works		Gunite		Total
Balance as of December 31, 2014	$	115,465	$	2,498	$	—	$	117,963
Additions		—		—		1,903		1,903
Amortization		(5,992)		(126)		(56)		(6,174)
Balance as of September 30, 2015	$	109,473	$	2,372	$	1,847	$	113,692

On July 2, 2015, the Company entered into, and consummated the acquisition contemplated by, an Asset Purchase Agreement (the "Agreement"), pursuant to which the Company's subsidiary, Gunite Corporation ("Buyer"), acquired certain technologies and patents of Century-3 Plus, L.L.C. ("Seller"), a designer and manufacturer of brake components for the military and commercial vehicles for $2.0 million cash paid at closing and $8.0 million in contingent consideration.  The contingent consideration maximum of $8.0 million can be earned based on the achievement of certain technological and commercial milestones, as defined in the Agreement.  The transaction has been recorded as $0.1 million in property, plant, and equipment, and $1.9 million as intangible assets, primarily technology. This purchase is consistent with the Company's strategy of enhancing and expanding its core wheel-end product line.

The changes in the carrying amount of other intangible assets for the period December 31, 2013 to September 30, 2014, by reportable segment, are as follows:

(In thousands)	Wheels		Brillion Iron Works		Total
Balance as of December 31, 2013	$	122,764	$	2,666	$	125,430
Additions		671		—		671
Amortization		(5,971)		(126)		(6,097)
Balance as of September 30, 2014	$	117,464	$	2,540	$	120,004

Summary of goodwill and other intangible assets

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

			As of September 30, 2015						As of December 31, 2014
(In thousands)	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:
Trade names		—	$	25,200	$	—	$	25,200	$	25,200	$	—	$	25,200
Technology		10.6		41,072		25,483		15,589		39,169		23,158		16,011
Customer relationships		16.8		127,304		54,401		72,903		127,304		50,552		76,752
Other intangible assets			$	193,576	$	79,884	$	113,692	$	191,673	$	73,710	$	117,963