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GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2012
GOODWILL AND INTANGIBLE ASSETS  
Components of amortized intangible assets

 

 

 
  March 31, 2012    
 
  Gross
Carrying
Amount
  Accumulated
Amortization
  Weighted
Average
Life

Customer Relationships

  $ 158,255   $ 53,668   13 years

Proprietary Software & Database

    3,130     2,739   6 years

Patents & Proprietary Technology

    9,707     4,323   8 years

Non-compete Agreements

    1,826     1,377   6 years
             

 

  $ 172,918   $ 62,107    
             


 

 
  December 31, 2011    
 
  Gross
Carrying
Amount
  Accumulated
Amortization
  Weighted
Average
Life

Customer Relationships

  $ 155,629   $ 50,107   13 years

Proprietary Software & Database

    3,116     2,711   6 years

Patents & Proprietary Technology

    9,489     3,863   8 years

Non-compete Agreements

    1,812     1,307   6 years
             

 

  $ 170,046   $ 57,988    
             
Schedule of future estimated amortization expense

 

 

 
  Estimated
Amortization
Expense
 

2012

  $ 14,243  

2013

    13,383  

2014

    12,957  

2015

    12,060  

2016

    11,479  
Non-amortized intangible assets

 

 

 
  March 31,
2012
  December 31,
2011
  Year
Acquired
 

Webforge

  $ 17,266   $ 16,659     2010  

Newmark

    11,111     11,111     2004  

Ingal EPS/Ingal Civil Products

    9,113     8,792     2010  

Donhad

    6,875     6,633     2010  

PiRod

    1,750     1,750     2001  

Industrial Galvanizers

    3,997     3,856     2010  

Other

    7,336     7,224        
                 

 

  $ 57,448   $ 56,025        
                 
Carrying amount of goodwill

 

 

 
  Engineered
Infrastructure
Products
Segment
  Utility
Support
Structures
Segment
  Coatings
Segment
  Irrigation
Segment
  Other   Total  

Balance December 31, 2011

  $ 151,558   $ 77,141   $ 64,820   $ 2,576   $ 18,567   $ 314,662  

Foreign currency translation

    5,204         51     23     677     5,955  
                           

Balance March 31, 2012

  $ 156,762   $ 77,141   $ 64,871   $ 2,599   $ 19,244   $ 320,617