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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in the carrying amount of goodwill for the years ended December 31, 2015 and 2014 are as follows:


 

 

 
Engineered
 


Packaging
 
Aerospace
 
Energy
 
Components
 
Total

(dollars in thousands)
Balance, December 31, 2013
$
158,060

 
$
61,080

 
$
75,920

 
$
7,420

 
$
302,480

Goodwill from acquisitions
15,810

 
149,050

 

 

 
164,860

Foreign currency translation and other
(4,520
)
 

 
(2,740
)
 

 
(7,260
)
Balance, December 31, 2014
$
169,350

 
$
210,130

 
$
73,180

 
$
7,420

 
$
460,080

Goodwill from acquisitions

 
(3,500
)
 

 
2,320

 
(1,180
)
Impairment charge

 

 
(70,930
)
 
(3,180
)
 
(74,110
)
Foreign currency translation and other
(3,620
)
 

 
(2,250
)
 

 
(5,870
)
Balance, December 31, 2015
$
165,730

 
$
206,630

 
$

 
$
6,560

 
$
378,920

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, 2015 and 2014 are summarized below. The Company amortizes these assets over periods ranging from one to 30 years.
 
 
As of December 31, 2015
 
As of December 31, 2014
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
 
$
74,890

 
$
(25,960
)
 
$
75,300

 
$
(18,180
)
Customer relationships, 15 - 25 years
 
132,230

 
(38,060
)
 
132,230

 
(31,140
)
Total customer relationships
 
207,120

 
(64,020
)
 
207,530

 
(49,320
)
Technology and other, 1 - 15 years
 
57,860

 
(22,770
)
 
58,040

 
(18,750
)
Technology and other, 17 - 30 years
 
43,300

 
(29,250
)
 
43,300

 
(27,150
)
Total technology and other
 
101,160

 
(52,020
)
 
101,340

 
(45,900
)
Indefinite-lived intangible assets:
 

 

 

 

Trademark/Trade names
 
81,630

 

 
83,770

 

Total other intangible assets
 
$
389,910

 
$
(116,040
)
 
$
392,640

 
$
(95,220
)
Schedule of Finite-Lived Intangible Assets, Amortization Expense
Amortization expense related to intangible assets as included in the accompanying consolidated statement of operations is summarized as follows:
 
 
Year ended December 31,
 
 
2015
 
2014
 
2013
 
 
(dollars in thousands)
Technology and other, included in cost of sales
 
$
6,010

 
$
5,030

 
$
4,460

Customer relationships, included in selling, general and administrative expenses
 
14,960

 
11,030

 
7,830

Total amortization expense
 
$
20,970

 
$
16,060

 
$
12,290

Schedule of Expected Amortization Expense [Table Text Block]
Estimated amortization expense for the next five fiscal years beginning after December 31, 2015 is as follows:
Year ended December 31,
Estimated Amortization Expense
 
(dollars in thousands)
2016
 
$20,340
2017
 
$20,090
2018
 
$19,660
2019
 
$19,240
2020
 
$18,310