XML 27 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill [Table Text Block]
The following table represents the changes in goodwill:
 
December 31,
 
2013
 
2012
Beginning balance
$
398,941

 
$
288,770

Foreign currency translation adjustments and other
(344
)
 
408

Goodwill acquired during the year
308

 
109,763

Ending balance
$
398,905

 
$
398,941

The following table represents the changes in goodwill by segment:
 
Energy &
Chemicals
 
Distribution & Storage
 
BioMedical
 
Total
Balance at January 1, 2012
$
83,215

 
$
158,381

 
$
47,174

 
$
288,770

Foreign currency translation adjustments and other

 
408

 

 
408

Goodwill acquired during the year

 

 
109,763

 
109,763

Balance at December 31, 2012
83,215

 
158,789

 
156,937

 
398,941

Foreign currency translation adjustments and other

 
957

 
(1,301
)
 
(344
)
Goodwill acquired during the year

 
308

 

 
308

Balance at December 31, 2013
$
83,215

 
$
160,054

 
$
155,636

 
$
398,905

Schedule Of Finite Lived And Indefinite Lived Intangible Assets [Table Text Block]
The following table displays the gross carrying amount and accumulated amortization for finite-lived intangible assets and indefinite-lived intangible assets (exclusive of goodwill)(1):
  
Weighted-average
Estimated
Useful Life
 
December 31, 2013
 
December 31, 2012
 
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Gross
Carrying
Amount
 
Accumulated
Amortization
Finite-lived intangible assets:
 
 
 
 
 
 
 
 
 
Unpatented technology
16.0 years
 
$
43,133

 
$
(11,776
)
 
$
45,078

 
$
(11,286
)
Patents
11.0 years
 
7,904

 
(5,397
)
 
9,880

 
(6,664
)
Product names
9.0 years
 
9,244

 
(4,525
)
 
9,068

 
(2,712
)
Customer relations
13.0 years
 
159,143

 
(73,460
)
 
158,005

 
(59,668
)
Total finite-lived intangible assets
13.6 years
 
$
219,424

 
$
(95,158
)
 
$
222,031

 
$
(80,330
)
Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
Trademarks and trade names
 
 
$
47,876

 
 
 
$
47,762

 
 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
The Company estimates amortization expense to be recognized during the next five years as follows:
For the Year Ending December 31,
 
2014
$
17,800

2015
16,200

2016
14,300

2017
13,400

2018
12,700