XML 79 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6
Operations and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2011
Operations and Summary of Significant Accounting Policies  
Schedule of estimated useful lives over which depreciation of software, machinery and equipment is provided for using accelerated methods

Software

 

3 to 5 years

Machinery and equipment

 

3 to 10 years

Reconciliation of basic earnings (loss) per share ("EPS") to diluted EPS

(in thousands, except)

per-share amounts)

 

 

 

Year Ended December 31,

 

 

 

2011

 

2010

 

2009

 

 

 

 

 

 

 

 

 

Earnings from continuing operations, net of tax

 

$

50,900

 

$

44,798

 

$

14,121

 

 

 

 

 

 

 

 

 

Loss from discontinued operations, net of tax

 

 

(16,212

)

(1,904

)

 

 

 

 

 

 

 

 

Net income available to common stockholders

 

$

50,900

 

$

28,586

 

$

12,217

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

48,974

 

49,498

 

49,135

 

 

 

 

 

 

 

 

 

Dilutive effect of potential common stock equivalents — stock options

 

49

 

114

 

121

 

 

 

 

 

 

 

 

 

Diluted weighted average shares outstanding

 

49,023

 

49,612

 

49,256

 

 

 

 

 

 

 

 

 

Net earnings (loss) per share — basic:

 

 

 

 

 

 

 

Continuing operations

 

$

1.04

 

$

0.91

 

$

0.29

 

Discontinued operations

 

 

(0.33

)

(0.04

)

Net income

 

1.04

 

0.58

 

0.25

 

 

 

 

 

 

 

 

 

Net earnings (loss) per share — diluted:

 

 

 

 

 

 

 

Continuing operations

 

$

1.04

 

$

0.90

 

$

0.29

 

Discontinued operations

 

 

(0.33

)

(0.04

)

Net income

 

1.04

 

0.58

 

0.25

 

 

 

 

 

 

 

 

 

Potentially dilutive securities excluded from earnings per diluted share because their effect is anti-dilutive

 

1,363

 

1,018

 

1,037

 

Stock-based compensation activity, including both continuing and discontinued operations of the entity

(in thousands)

 

 

 

Years Ended December 31,

 

 

 

2011

 

2010

 

2009

 

 

 

 

 

 

 

 

 

Stock-based compensation expense recognized in operating expenses

 

$

6,133

 

$

3,338

 

$

1,746

 

 

 

 

 

 

 

 

 

Tax benefit of stock-based compensation expense in provision for income taxes

 

2,261

 

1,212

 

544

 

 

 

 

 

 

 

 

 

Stock-based compensation expense, net of tax

 

$

3,872

 

$

2,126

 

$

1,202

 

 

 

 

 

 

 

 

 

Fair value of shares vested

 

$

6,194

 

$

3,577

 

$

1,690

 

 

 

 

 

 

 

 

 

Proceeds to the Company from the exercise of stock-based compensation

 

$

214

 

$

17,948

 

$

7,627

 

 

 

 

 

 

 

 

 

Tax benefit from exercise of stock-based compensation, including (shortfall) tax benefits

 

$

(1,554

)

$

(2,430

)

$

(445

)

 

(in thousands)

 

 

 

At December 31,

 

 

 

2011

 

2010

 

2009

 

 

 

 

 

 

 

 

 

Stock-based compensation cost capitalized in inventory

 

$

345

 

$

284

 

$

45

 

Schedule of changes in the carrying amount of goodwill, by segment

(in thousands)

 

 

 

 

 

 

 

 

 

Venting

 

 

 

 

 

 

 

 

 

 

 

Products

 

 

 

 

 

North

 

 

 

Asia

 

Discontinued

 

 

 

 

 

America

 

Europe

 

Pacific

 

Operations

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of January 1, 2010:

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

52,241

 

$

36,864

 

$

1,716

 

$

4,435

 

$

95,256

 

Accumulated impairment losses

 

(10,666

)

(2,964

)

 

 

(13,630

)

 

 

41,575

 

33,900

 

1,716

 

4,435

 

81,626

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill acquired

 

 

1,100

 

 

 

1,100

 

Foreign exchange

 

186

 

(2,341

)

225

 

 

(1,930

)

Impairment

 

 

 

(6,292

)

 

(4,435

)

(10,727

)

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2010:

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

52,427

 

35,623

 

1,941

 

4,435

 

94,426

 

Accumulated impairment losses

 

(10,666

)

(9,256

)

 

(4,435

)

(24,357

)

 

 

41,761

 

26,367

 

1,941

 

 

70,069

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill acquired

 

32,230

 

 

 

 

32,230

 

Foreign exchange

 

(90

)

(750

)

7

 

 

(833

)

Impairment

 

 

(1,282

)

 

 

(1,282

)

Reclassifications

 

 

(335

)

 

 

(335

)

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2011:

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

84,567

 

34,538

 

1,948

 

4,435

 

125,488

 

Accumulated impairment losses

 

(10,666

)

(10,538

)

 

(4,435

)

(25,639

)

 

 

$

73,901

 

$

24,000

 

$

1,948

 

$

 

$

99,849

 

Schedule of changes in the carrying amounts of intangible assets subject to amortization, including both continuing and discontinued operations

(in thousands)

 

 

 

Gross

 

 

 

Net

 

 

 

Carrying

 

Accumulated

 

Carrying

 

Patents

 

Amount

 

Amortization

 

Amount

 

 

 

 

 

 

 

 

 

Balance at January 1, 2010

 

$

6,939

 

$

(3,758

)

$

3,181

 

Amortization

 

 

(626

)

(626

)

Foreign exchange

 

(18

)

 

(18

)

Balance at December 31, 2010

 

6,921

 

(4,384

)

2,537

 

Amortization

 

 

(620

)

(620

)

Foreign exchange

 

(3

)

 

(3

)

Removal of fully amortized asset

 

(237

)

237

 

 

Balance at December 31, 2011

 

$

6,681

 

$

(4,767

)

$

1,914

 

 

 

 

Gross

 

 

 

Net

 

 

 

Carrying

 

Accumulated

 

Carrying

 

Unpatented Technology

 

Amount

 

Amortization

 

Amount

 

 

 

 

 

 

 

 

 

Balance at January 1, 2010

 

$

2,962

 

$

(481

)

$

2,481

 

Amortization

 

 

(398

)

(398

)

Foreign exchange

 

(114

)

 

(114

)

Balance at December 31, 2010

 

2,848

 

(879

)

1,969

 

Amortization

 

 

(516

)

(516

)

Foreign exchange

 

(66

)

 

(66

)

Reclassifications

 

1,347

 

 

1,347

 

Balance at December 31, 2011

 

$

4,129

 

$

(1,395

)

$

2,734

 

 

 

 

Gross

 

 

 

Net

 

Non-Compete Agreements,

 

Carrying

 

Accumulated

 

Carrying

 

Tradmarks and Other

 

Amount

 

Amortization

 

Amount

 

 

 

 

 

 

 

 

 

Balance at January 1, 2010

 

$

8,095

 

$

(3,223

)

$

4,872

 

Acquisition

 

1,633

 

 

1,633

 

Amortization

 

 

(1,358

)

(1,358

)

Impairment

 

 

(166

)

(166

)

Foreign exchange

 

(164

)

 

(164

)

Removal of fully amortized asset

 

(436

)

436

 

 

Balance at December 31, 2010

 

9,128

 

(4,311

)

4,817

 

Acquisition

 

9,026

 

 

9,026

 

Amortization

 

 

(1,297

)

(1,297

)

Foreign exchange

 

(19

)

 

(19

)

Reclassifications

 

(1,612

)

 

(1,612

)

Removal of fully amortized asset

 

(247

)

247

 

 

Balance at December 31, 2011

 

$

16,276

 

$

(5,361

)

$

10,915

 

 

 

 

Gross

 

 

 

Net

 

 

 

Carrying

 

Accumulated

 

Carrying

 

Customer Relationships

 

Amount

 

Amortization

 

Amount

 

 

 

 

 

 

 

 

 

Balance at January 1, 2010

 

$

23,282

 

$

(4,964

)

$

18,318

 

Amortization

 

 

(2,190

)

(2,190

)

Impairment

 

 

(1,478

)

(1,478

)

Foreign exchange

 

(507

)

 

(507

)

Removal of fully amortized asset

 

(3,018

)

3,018

 

 

Balance at December 31, 2010

 

19,757

 

(5,614

)

14,143

 

Amortization

 

 

(1,893

)

(1,893

)

Foreign exchange

 

(112

)

 

(112

)

Reclassifications

 

155

 

 

155

 

Removal of fully amortized asset

 

(860

)

860

 

 

Balance at December 31, 2011

 

$

18,940

 

$

(6,647

)

$

12,293

 

Schedule of changes in the carrying amounts of finite-lived intangible assets, net, by segment

 

At December 31, 2010

 

 

 

Gross

 

 

 

Net

 

 

 

Carrying

 

Accumulated

 

Carrying

 

Total Intangible Assets

 

Amount

 

Amortization

 

Amount

 

 

 

 

 

 

 

 

 

North America

 

$

24,022

 

$

(10,792

)

$

13,230

 

Europe

 

14,632

 

(4,396

)

10,236

 

Total

 

$

38,654

 

$

(15,188

)

$

23,466

 

 

 

 

At December 31, 2011

 

 

 

Gross

 

 

 

Net

 

 

 

Carrying

 

Accumulated

 

Carrying

 

Total Intangible Assets

 

Amount

 

Amortization

 

Amount

 

 

 

 

 

 

 

 

 

North America

 

$

32,912

 

$

(13,288

)

$

19,624

 

Europe

 

13,114

 

(4,882

)

8,232

 

Total

 

$

46,026

 

$

(18,170

)

$

27,856

 

 

Estimated future amortization of intangible assets

(in thousands)

 

2012

 

$

5,102

 

2013

 

4,535

 

2014

 

4,322

 

2015

 

3,560

 

2016

 

3,425

 

Thereafter

 

6,912

 

 

 

$

27,856