Intangible Assets, Net

12 Months Ended

Dec. 31, 2012

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 as of December 31, 2012 and the fair value of this intangible asset exceeded its book value. We elected to use Step 1 testing even though a qualitative approach was available to us.

During the year ended December 31, 2010, we fully amortized our contract intangible within the Metal Bearing Components Segment and there are no finite lived intangible assets remaining at December 31, 2012. This intangible asset was subject to amortization over approximately five years starting in 2006 and amortization expense was approximately $550 a year. For the year ended December 31, 2010 the amortization expense totaled $562.