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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
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)

 

2018

 

$

387

 

 

$

 

 

$

(27

)

 

$

360

 

2017

 

$

425

 

 

$

285

 

 

$

(323

)

 

$

387

 

2016

 

$

477

 

 

$

2

 

 

$

(54

)

 

$

425

 

 

Schedule of Changes to Obsolete and Excess Inventories Reserve Changes to the Company's obsolete and excess inventories reserve are as follows:

 

 

 

Balance at

beginning

of year

 

 

Net additions

charged to

earnings

 

 

Disposals

 

 

Balance

at end

of year

 

 

 

(In thousands)

 

2018

 

$

3,881

 

 

$

2,195

 

 

$

(1,945

)

 

$

4,131

 

2017

 

$

3,639

 

 

$

1,295

 

 

$

(1,053

)

 

$

3,881

 

2016

 

$

3,836

 

 

$

1,017

 

 

$

(1,214

)

 

$

3,639

 

 

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, 2018

 

 

December 31, 2017

 

 

 

Gross carrying

amount

 

 

Accumulated

amortization

 

 

Gross carrying

amount

 

 

Accumulated

amortization

 

 

 

(In thousands)

 

Technologies

 

$

47,647

 

 

$

24,785

 

 

$

47,647

 

 

$

21,882

 

Intellectual property

 

 

10,000

 

 

 

833

 

 

 

10,000

 

 

 

333

 

Non-compete agreements

 

 

2,322

 

 

 

2,076

 

 

 

2,322

 

 

 

1,923

 

Licenses

 

 

650

 

 

 

492

 

 

 

650

 

 

 

475

 

Customer lists

 

 

8,023

 

 

 

2,623

 

 

 

8,023

 

 

 

2,011

 

Customer relationships

 

 

25,220

 

 

 

12,282

 

 

 

21,620

 

 

 

9,649

 

Trade names

 

 

9,595

 

 

 

4,948

 

 

 

9,595

 

 

 

4,258

 

Total intangibles

 

$

103,457

 

 

$

48,039

 

 

$

99,857

 

 

$

40,531

 

 

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)

 

2018

 

$

3,367

 

 

$

3,269

 

 

$

5

 

 

$

(2,435

)

 

$

4,206

 

2017

 

$

2,779

 

 

$

4,520

 

 

$

(439

)

 

$

(3,493

)

 

$

3,367

 

2016

 

$

3,133

 

 

$

3,559

 

 

$

(554

)

 

$

(3,359

)

 

$

2,779

 

 

Schedule of Accumulated Other Comprehensive Income (Loss)

Components of accumulated other comprehensive income (loss) at December 31, 2018 are as follows:

 

 

 

Pension and

postretirement

benefits

 

 

Foreign currency

 

 

Total

 

 

 

(In thousands)

 

Balance at beginning of period

 

$

(11,597

)

 

$

704

 

 

$

(10,893

)

Other comprehensive income (loss) before reclassifications

 

 

 

 

 

(484

)

 

 

(484

)

Amounts reclassified from accumulated other comprehensive income

   (loss), net of tax of $(5.1 million)

 

 

13,657

 

 

 

 

 

 

13,657

 

Net current period other comprehensive income (loss), net

 

 

13,657

 

 

 

(484

)

 

 

13,173

 

Cumulative impact of adopting ASU 2018-02

 

 

(1,700

)

 

 

 

 

 

(1,700

)

Accumulated other comprehensive income

 

$

360

 

 

$

220

 

 

$

580

 

 

Details of reclassifications out of accumulated other comprehensive income during 2018 are as follows:

 

 

 

Amount

reclassified from

accumulated other

comprehensive

loss

 

 

 

(In thousands)

 

Amortization of employee benefit plan items:

 

 

 

 

Prior service cost (1)

 

$

(13

)

Settlement expense (1)

 

 

19,900

 

Actuarial loss (1)

 

 

(1,103

)

Total before tax

 

 

18,784

 

Income tax impact

 

 

(5,127

)

Amount reclassified out of accumulated other comprehensive income

 

$

13,657

 

 

(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) income 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.”