Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2011

Goodwill and Other Intangible Assets [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Other Intangible Assets

Changes in the carrying amount of goodwill for the nine months ended September 30, 2011 are summarized as follows:




	Packaging			Energy			Aerospace & Defense		Engineered Components		Cequent Asia Pacific		Cequent North America		Total
	(dollars in thousands)
Balance, December 31, 2010	$	113,320		$	48,260		$	41,130	$	3,180	$	—	$	—	$	205,890
Goodwill due to acquisitions	9,790			660			—		—		—		—		10,450
Foreign currency translation	(70		)	(350		)	—		—		—		—		(420		)
Balance, September 30, 2011	$	123,040		$	48,570		$	41,130	$	3,180	$	—	$	—	$	215,920

The gross carrying amounts and accumulated amortization of the Company's other intangibles as of September 30, 2011 and December 31, 2010 are summarized below. The Company amortizes these assets over periods ranging from 1 to 30 years.



	As of September 30, 2011					As of December 31, 2010
Intangible Category by Useful Life	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
	(dollars in thousands)
Customer relationships:
5 – 12 years	$	37,280	$	(22,590	)	$	32,220	$	(20,650	)
15 – 25 years	154,610		(75,670		)	154,610		(69,480		)
Total customer relationships	191,890		(98,260		)	186,830		(90,130		)
Technology and other:
1 – 15 years	28,970		(23,350		)	26,480		(22,460		)
17 – 30 years	43,530		(20,300		)	42,460		(18,690		)
Total technology and other	72,500		(43,650		)	68,940		(41,150		)
Trademark/Trade names (indefinite life)	36,390		—			35,420		—
	$	300,780	$	(141,910	)	$	291,190	$	(131,280	)

Amortization expense related to technology and other intangibles was approximately $1.0 million and $0.9 million for the three months ended September 30, 2011 and 2010, respectively, and $2.6 million and $2.8 million for the nine months ended September 30, 2011 and 2010, respectively. These amounts are included in cost of sales in the accompanying consolidated statement of operations. Amortization expense related to customer intangibles was approximately $2.8 million and $2.6 million for the three months ended September 30, 2011 and 2010, respectively, and $8.2 million and $7.8 million for the nine months ended September 30, 2011 and 2010, respectively. These amounts are included in selling, general and administrative expenses in the accompanying consolidated statement of operations.

- 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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