XML 34 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Schedule of Changes in Allowance for Doubtful Accounts
Changes in the Company's allowance for doubtful accounts are as follows:
 
Balance at
beginning
of year
 
Provision
and reserve
adjustments
 
Write-offs
less
recoveries
 
Balance
at end
of year
 
(In thousands)
2017
$
425

 
$
285

 
$
(323
)
 
$
387

2016
$
477

 
$
2

 
$
(54
)
 
$
425

2015
$
811

 
$
(152
)
 
$
(182
)
 
$
477

Schedule of Changes to Obsolete Inventories Reserve
Changes to the Company's obsolete inventories reserve are as follows:
 
Balance at
beginning
of year
 
Net additions
charged to
earnings
 
Disposals
 
Balance
at end
of year
 
(In thousands)
2017
$
3,639

 
$
1,295

 
$
(1,053
)
 
$
3,881

2016
$
3,836

 
$
1,017

 
$
(1,214
)
 
$
3,639

2015
$
3,314

 
$
2,530

 
$
(2,008
)
 
$
3,836


Schedule of Carrying Value and Accumulated Amortization of Intangible Assets
The carrying value and accumulated amortization by major class of intangible assets are as follows:
 
December 31, 2017
 
December 31, 2016
 
Gross carrying
amount
 
Accumulated
amortization
 
Gross carrying
amount
 
Accumulated
amortization
 
(In thousands)
Technologies
$
47,647

 
$
21,882

 
$
47,657

 
$
18,970

Intellectual property
10,000

 
333

 

 

Non-compete agreements
2,322

 
1,923

 
2,112

 
1,670

Licenses
650

 
475

 
650

 
458

Customer lists
8,023

 
2,011

 
4,923

 
1,698

Customer relationships
21,620

 
9,649

 
20,790

 
7,416

Trade names
9,595

 
4,258

 
9,475

 
3,523

Total intangibles
$
99,857

 
$
40,531

 
$
85,607

 
$
33,735

Schedule of Changes in Warranty and After-Sale Costs Reserve
Changes in the Company's warranty and after-sale costs reserve are as follows:
 
Balance at
beginning
of year
 
Net additions
charged to
earnings
 
Adjustments to pre-existing warranties
 
Costs
incurred 
 
Balance
at end
of year
 
(In thousands)
2017
$
2,779

 
$
4,520

 
$
(439
)
 
$
(3,493
)
 
$
3,367

2016
$
3,133

 
$
3,559

 
$
(554
)
 
$
(3,359
)
 
$
2,779

2015
$
1,739

 
$
1,559

 
$
1,278

 
$
(1,443
)
 
$
3,133

Schedule of Accumulated Other Comprehensive Loss
Components of accumulated other comprehensive loss at December 31, 2017 are as follows:
 
Pension and postretirement benefits
 
Foreign currency
 
Total
 
 
 
(In thousands)
 
 
Balance at beginning of period
$
(10,495
)
 
$
(1,140
)
 
$
(11,635
)
Other comprehensive income before reclassifications

 
1,844

 
1,844

Amounts reclassified from accumulated other comprehensive loss, net of tax of $0.3 million
(1,102
)
 

 
(1,102
)
Net current period other comprehensive (loss) income, net
(1,102
)
 
1,844

 
742

Accumulated other comprehensive (loss) income
$
(11,597
)
 
$
704

 
$
(10,893
)

Details of reclassifications out of accumulated other comprehensive loss during 2017 are as follows:
 
Amount reclassified from accumulated other comprehensive loss
 
(In thousands)
Amortization of employee benefit plan items:
 
Prior service cost (1)
$
(25
)
Settlement expense (1)
641

Actuarial loss (1)
(2,010
)
Total before tax
(1,394
)
Income tax impact
292

Amount reclassified out of accumulated other comprehensive loss
$
(1,102
)

(1)
These accumulated other comprehensive loss components are included in the computation of benefit plan costs in Note 7 “Employee Benefit Plans.”
    
Components of accumulated other comprehensive loss at December 31, 2016 are as follows:
 
Pension and postretirement benefits
 
Foreign currency
 
Total
 
(In thousands)
Balance at beginning of period
$
(11,968
)
 
$
(812
)
 
$
(12,780
)
Other comprehensive income before reclassifications

 
(328
)
 
(328
)
Amounts reclassified from accumulated other comprehensive loss, net of tax of $(1.0) million
1,473

 

 
1,473

Net current period other comprehensive income (loss), net
1,473

 
(328
)
 
1,145

Accumulated other comprehensive loss
$
(10,495
)
 
$
(1,140
)
 
$
(11,635
)

Details of reclassifications out of accumulated other comprehensive loss during 2016 are as follows:
 
Amount reclassified from accumulated other comprehensive loss
 
(In thousands)
Amortization of employee benefit plan items:
 
Prior service cost (1)
$
(25
)
Settlement expense (1)
1,510

Actuarial loss (1)
1,007

Total before tax
2,492

Income tax impact
(1,019
)
Amount reclassified out of accumulated other comprehensive loss
$
1,473


(1)
These accumulated other comprehensive loss components are included in the computation of benefit plan costs in Note 7 “Employee Benefit Plans.”