Intangible Assets, Net

12 Months Ended

Dec. 31, 2011

Goodwill, net/Intangible assets, net [Abstract]

Intangible Assets, Net

11) Intangible Assets, Net

The Precision Metal Components Segment has an intangible asset not subject to amortization of $900 related to the value of the trade names of Whirlaway. This indefinite lived intangible asset was tested for impairment pursuant to U.S. GAAP as of December 31, 2011 and the fair value of this intangible asset exceeded its book value.

During the year ended December 31, 2010, we fully amortized our contract intangible within the Metal Bearing Components Segment. This intangible asset was subject to amortization over approximately five years starting in 2006 and amortization expense was approximately $550 a year. For the years ended December 31, 2010 and 2009, the amortization expense totaled $562 and $586, respectively, and accumulated amortization totaled $2,733 at December 31, 2010.