XML 39 R22.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
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)

 

2019

 

$

360

 

 

$

(132

)

 

$

(4

)

 

$

224

 

2018

 

$

387

 

 

$

 

 

$

(27

)

 

$

360

 

2017

 

$

425

 

 

$

285

 

 

$

(323

)

 

$

387

 

 

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)

 

2019

 

$

4,131

 

 

$

2,663

 

 

$

(1,354

)

 

$

5,440

 

2018

 

$

3,881

 

 

$

2,195

 

 

$

(1,945

)

 

$

4,131

 

2017

 

$

3,639

 

 

$

1,295

 

 

$

(1,053

)

 

$

3,881

 

 

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, 2019

 

 

December 31, 2018

 

 

 

Gross carrying

amount

 

 

Accumulated

amortization

 

 

Gross carrying

amount

 

 

Accumulated

amortization

 

 

 

(In thousands)

 

Technologies

 

$

47,608

 

 

$

27,650

 

 

$

47,647

 

 

$

24,785

 

Intellectual property

 

 

10,000

 

 

 

1,333

 

 

 

10,000

 

 

 

833

 

Non-compete agreements

 

 

572

 

 

 

431

 

 

 

2,322

 

 

 

2,076

 

Licenses

 

 

650

 

 

 

509

 

 

 

650

 

 

 

492

 

Customer lists

 

 

8,023

 

 

 

3,234

 

 

 

8,023

 

 

 

2,623

 

Customer relationships

 

 

25,220

 

 

 

14,730

 

 

 

25,220

 

 

 

12,282

 

Trade names

 

 

9,203

 

 

 

5,226

 

 

 

9,595

 

 

 

4,948

 

Total intangibles

 

$

101,276

 

 

$

53,113

 

 

$

103,457

 

 

$

48,039

 

 

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

 

 

Costs incurred

 

 

Balance at end

of year

 

 

 

(In thousands)

 

2019

 

$

4,206

 

 

$

6,616

 

 

$

(5,239

)

 

$

5,583

 

2018

 

$

3,367

 

 

$

3,274

 

 

$

(2,435

)

 

$

4,206

 

2017

 

$

2,779

 

 

$

4,081

 

 

$

(3,493

)

 

$

3,367

 

 

Schedule of Accumulated Other Comprehensive Income (Loss)

Components of accumulated other comprehensive income at December 31, 2019 are as follows:

 

 

 

Pension and

postretirement

benefits

 

 

Foreign currency

 

 

Total

 

 

 

(In thousands)

 

Balance at beginning of period

 

$

360

 

 

$

220

 

 

$

580

 

Other comprehensive loss before reclassifications

 

 

 

 

 

(58

)

 

 

(58

)

Amounts reclassified from accumulated other comprehensive income

   (loss), net of tax of $16

 

 

(97

)

 

 

 

 

 

(97

)

Net current period other comprehensive loss, net

 

 

(97

)

 

 

(58

)

 

 

(155

)

Accumulated other comprehensive income

 

$

263

 

 

$

162

 

 

$

425

 

 

Details of reclassifications out of accumulated other comprehensive income during 2019 are as follows:

 

 

 

Amount

reclassified from

accumulated

other

comprehensive

income (loss)

 

 

 

(In thousands)

 

Amortization of employee benefit plan items:

 

 

 

 

Actuarial gains and losses (1)

 

$

(639

)

Plan settlement (2)

 

 

526

 

Total before tax

 

 

(113

)

Income tax impact

 

 

16

 

Amount reclassified out of accumulated other comprehensive income (loss)

 

$

(97

)

 

(1)

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

(2)

This accumulated other comprehensive income component resulted from an international pension plan settlement.

Components of accumulated other comprehensive (loss) income 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,

   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 (loss) during 2018 are as follows:

 

 

 

Amount

reclassified from

accumulated

other

comprehensive

income

 

 

 

(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.”