XML 30 R20.htm IDEA: XBRL DOCUMENT v3.4.0.3
GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 26, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of components of amortized intangible assets
The components of amortized intangible assets at March 26, 2016 and December 26, 2015 were as follows:
 
March 26, 2016
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Weighted
Average
Life
Customer Relationships
$
199,902

 
$
104,376

 
13 years
Proprietary Software & Database
3,611

 
2,997

 
8 years
Patents & Proprietary Technology
6,835

 
3,528

 
11 years
Other
3,862

 
3,788

 
3 years
 
$
214,210

 
$
114,689

 
 




(4) GOODWILL AND INTANGIBLE ASSETS (Continued)
 
December 26, 2015
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Weighted
Average
Life
Customer Relationships
$
201,801

 
$
101,614

 
13 years
Proprietary Software & Database
3,571

 
2,966

 
8 years
Patents & Proprietary Technology
6,815

 
3,421

 
11 years
Other
3,752

 
3,671

 
3 years
 
$
215,939

 
$
111,672

 
 
Schedule of amortization expense for intangible assets
Amortization expense for intangible assets for the thirteen weeks ended March 26, 2016 and March 28, 2015, respectively was as follows:
Thirteen Weeks Ended
2016
 
2015
$
3,995

 
$
4,913

Schedule of future estimated amortization expense
Estimated annual amortization expense related to finite‑lived intangible assets is as follows:
 
Estimated
Amortization
Expense
2016
$
15,841

2017
15,754

2018
14,116

2019
13,324

2020
12,283

Schedule of non-amortized intangible assets
The carrying values of trade names at March 26, 2016 and December 26, 2015 were as follows:
 
March 26,
2016
 
December 26,
2015
 
Year Acquired
Webforge
$
9,877

 
$
10,430

 
2010
Valmont SM
9,286

 
8,919

 
2014
Newmark
11,111

 
11,111

 
2004
Ingal EPS/Ingal Civil Products
8,053

 
8,504

 
2010
Donhad
6,075

 
6,415

 
2010
Shakespeare
4,000

 
4,000

 
2014
Industrial Galvanizers
2,521

 
2,662

 
2010
Other
14,093

 
13,889

 
 
 
$
65,016

 
$
65,930

 
 
Schedule of carrying amount of goodwill
The carrying amount of goodwill by segment as of March 26, 2016 and December 26, 2015 was as follows:
 
Engineered
Support
Structures
Segment
 
Energy & Mining Segment
 
Utility
Support
Structures
Segment
 
Coatings
Segment
 
Irrigation
Segment
 
 
Total
Gross goodwill at December 26, 2015
$
101,275

 
$
99,829

 
$
75,404

 
$
75,941

 
$
19,359

 
 
$
371,808

Accumulated impairment losses

 
(18,670
)
 

 
(16,222
)
 

 
 
(34,892
)
Balance at December 26, 2015
$
101,275

 
$
81,159

 
$
75,404

 
$
59,719

 
$
19,359

 
 
$
336,916

Foreign currency translation
(1,502
)
 
(1,462
)
 

 
290

 
27

 
 
(2,647
)
Balance at March 26, 2016
$
99,773

 
$
79,697

 
$
75,404

 
$
60,009


$
19,386

 
 
$
334,269