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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in the carrying amount of goodwill for the years ended December 31, 2014 and 2013 are as follows:


 

 

 
Engineered
 
Cequent
 
Cequent
 


Packaging
 
Energy
 
Aerospace
 
Components
 
APEA
 
Americas
 
Total

(dollars in thousands)
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

Goodwill from acquisitions
15,810

 

 
149,050

 

 

 

 
164,860

Foreign currency translation and other
(4,520
)
 
(2,740
)
 

 

 

 
(600
)
 
(7,860
)
Balance, December 31, 2014
$
169,350

 
$
73,180

 
$
210,130

 
$
7,420

 
$

 
$
6,580

 
$
466,660

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, 2014 and 2013 are summarized below. The Company amortizes these assets over periods ranging from one to 30 years.
 
 
As of December 31, 2014
 
As of December 31, 2013
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
 
$
109,460

 
$
(44,370
)
 
$
105,090

 
$
(36,260
)
Customer relationships, 15 - 25 years
 
237,610

 
(103,390
)
 
154,610

 
(94,200
)
Total customer relationships
 
347,070

 
(147,760
)
 
259,700

 
(130,460
)
Technology and other, 1 - 15 years
 
71,830

 
(32,250
)
 
38,980

 
(28,940
)
Technology and other, 17 - 30 years
 
44,120

 
(27,560
)
 
43,990

 
(25,310
)
Total technology and other
 
115,950

 
(59,810
)
 
82,970

 
(54,250
)
Indefinite-lived intangible assets:
 

 

 

 

Trademark/Trade names
 
108,480

 

 
61,570

 

Total other intangible assets
 
$
571,500

 
$
(207,570
)
 
$
404,240

 
$
(184,710
)
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,
 
 
2014
 
2013
 
2012
 
 
(dollars in thousands)
Technology and other, included in cost of sales
 
$
5,310

 
$
4,870

 
$
4,940

Customer relationships, included in selling, general and administrative expenses
 
18,400

 
14,900

 
14,880

Total amortization expense
 
$
23,710

 
$
19,770

 
$
19,820

Schedule of Expected Amortization Expense [Table Text Block]
Estimated amortization expense for the next five fiscal years beginning after December 31, 2014 is as follows:
Year ended December 31,
Estimated Amortization Expense
 
(dollars in thousands)
2015
 
$28,760
2016
 
$27,970
2017
 
$27,600
2018
 
$24,020
2019
 
$23,100