XML 46 R32.htm IDEA: XBRL DOCUMENT v3.8.0.1
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in the carrying amount of goodwill for the years ended December 31, 2017 and 2016 are as follows (dollars in thousands):


 

 

 
Engineered
 


Packaging
 
Aerospace
 
Energy
 
Components
 
Total
Balance, December 31, 2015
$
165,730

 
$
206,630

 
$

 
$
6,560

 
$
378,920

Impairment charge

 
(60,200
)
 

 

 
(60,200
)
Foreign currency translation and other
(3,640
)
 

 

 

 
(3,640
)
Balance, December 31, 2016
$
162,090

 
$
146,430

 
$

 
$
6,560

 
$
315,080

Foreign currency translation and other
4,310

 

 

 

 
4,310

Balance, December 31, 2017
$
166,400

 
$
146,430

 
$

 
$
6,560

 
$
319,390

Schedule of Intangible Assets (excluding Goodwill) by Major Class
The Company amortizes its other intangible assets over periods ranging from one to 30 years. The gross carrying amounts and accumulated amortization of the Company's other intangibles as of December 31, 2017 and 2016 are summarized below (dollars in thousands):
 
 
As of December 31, 2017
 
As of December 31, 2016
Intangible Category by Useful Life
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Gross Carrying
Amount
 
Accumulated
Amortization
Finite-lived intangible assets:
 
 
 
 
 
 
 
 
Customer relationships, 5 - 12 years
 
$
73,910

 
$
(41,000
)
 
$
73,570

 
$
(33,200
)
Customer relationships, 15 - 25 years
 
132,230

 
(51,880
)
 
132,230

 
(44,970
)
Total customer relationships
 
206,140

 
(92,880
)
 
205,800

 
(78,170
)
Technology and other, 1 - 15 years
 
57,340

 
(29,120
)
 
57,470

 
(26,040
)
Technology and other, 17 - 30 years
 
43,300

 
(33,490
)
 
43,300

 
(31,370
)
Total technology and other
 
100,640

 
(62,610
)
 
100,770

 
(57,410
)
Indefinite-lived intangible assets:
 

 

 

 

Trademark/Trade names
 
42,930

 

 
42,930

 

Total other intangible assets
 
$
349,710

 
$
(155,490
)
 
$
349,500

 
$
(135,580
)
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 (dollars in thousands):
 
 
Year ended December 31,
 
 
2017
 
2016
 
2015
Technology and other, included in cost of sales
 
$
5,340

 
$
5,680

 
$
6,010

Customer relationships, included in selling, general and administrative expenses
 
14,580

 
14,790

 
14,960

Total amortization expense
 
$
19,920

 
$
20,470

 
$
20,970

Schedule of Expected Amortization Expense [Table Text Block]
Estimated amortization expense for the next five fiscal years beginning after December 31, 2017 is as follows (dollars in thousands):
Year ended December 31,
Estimated Amortization Expense
2018
 
$19,450
2019
 
$19,080
2020
 
$18,140
2021
 
$15,360
2022
 
$11,810