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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in the carrying amount of goodwill for the years ended December 31, 2013 and 2012 are as follows:


 

 
Aerospace
 
Engineered
 
Cequent
 
Cequent
 


Packaging
 
Energy
 
& Defense
 
Components
 
APEA
 
Americas
 
Total

(dollars in thousands)
Balance, December 31, 2011
$
122,330

 
$
48,720

 
$
41,130

 
$
3,180

 
$

 
$

 
$
215,360

Goodwill from acquisitions
35,420

 
15,500

 

 

 

 
3,470

 
54,390

Foreign currency translation and other
1,230

 
(10
)
 

 

 

 
(30
)
 
1,190

Balance, December 31, 2012
$
158,980

 
$
64,210

 
$
41,130

 
$
3,180

 
$

 
$
3,440

 
$
270,940

Goodwill from acquisitions

 
14,440

 
19,950

 
4,240

 

 
4,410

 
43,040

Goodwill associated with sold businesses
(2,060
)
 

 

 

 

 

 
(2,060
)
Foreign currency translation and other
1,140

 
(2,730
)
 

 

 

 
(670
)
 
(2,260
)
Balance, December 31, 2013
$
158,060

 
$
75,920

 
$
61,080

 
$
7,420

 
$

 
$
7,180

 
$
309,660

Schedule of Intangible Assets (excluding Goodwill) by Major Class
The gross carrying amounts and accumulated amortization of the Company's other intangibles as of December 31, 2013 and 2012 are summarized below. The Company amortizes these assets over periods ranging from one to 30 years.
 
 
As of December 31, 2013
 
As of December 31, 2012
Intangible Category by Useful Life
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
 
(dollars in thousands)
Finite-lived intangible assets:
 
 
 
 
 
 
 
 
Customer relationships, 5 - 12 years
 
$
105,090

 
$
(36,260
)
 
$
85,740

 
$
(30,080
)
Customer relationships, 15 - 25 years
 
154,610

 
(94,200
)
 
154,610

 
(85,960
)
Total customer relationships
 
259,700

 
(130,460
)
 
240,350

 
(116,040
)
Technology and other, 1 - 15 years
 
38,980

 
(28,940
)
 
37,130

 
(26,320
)
Technology and other, 17 - 30 years
 
43,990

 
(25,310
)
 
43,800

 
(23,070
)
Total technology and other
 
82,970

 
(54,250
)
 
80,930

 
(49,390
)
Indefinite-lived intangible assets:
 

 

 

 

Trademark/Trade names
 
61,570

 

 
50,310

 

Total other intangible assets
 
$
404,240

 
$
(184,710
)
 
$
371,590

 
$
(165,430
)
Schedule of Finite-Lived Intangible Assets, Amortization Expense
Amortization expense related to intangible assets as included in the accompanying consolidated statement of income is summarized as follows:
 
 
Year ended December 31,
 
 
2013
 
2012
 
2011
 
 
(dollars in thousands)
Technology and other, included in cost of sales
 
$
4,870

 
$
4,940

 
$
3,490

Customer relationships, included in selling, general and administrative expenses
 
14,900

 
14,880

 
11,020

Total amortization expense
 
$
19,770

 
$
19,820

 
$
14,510

Schedule of Expected Amortization Expense [Table Text Block]
Estimated amortization expense for the next five fiscal years beginning after December 31, 2013 is as follows:
Year ended December 31,
Estimated Amortization Expense
 
(dollars in thousands)
2014
 
$21,990
2015
 
$21,230
2016
 
$20,430
2017
 
$20,070
2018
 
$16,590