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GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 29, 2014
GOODWILL AND INTANGIBLE ASSETS  
Components of amortized intangible assets

 

 

 
  March 29, 2014
 
  Gross
Carrying
Amount
  Accumulated
Amortization
  Weighted
Average
Life

Customer Relationships

  $ 223,739   $ 79,746   13 years

Proprietary Software & Database

    3,949     2,942   6 years

Patents & Proprietary Technology

    11,463     7,671   8 years

Non-compete Agreements

    1,624     1,452   6 years
             

 

  $ 240,775   $ 91,811    
             
             


 

 
  December 28, 2013
 
  Gross
Carrying
Amount
  Accumulated
Amortization
  Weighted
Average
Life

Customer Relationships

  $ 177,495   $ 76,024   13 years

Proprietary Software & Database

    3,896     2,896   6 years

Patents & Proprietary Technology

    11,334     7,239   8 years

Non-compete Agreements

    1,620     1,438   6 years
             

 

  $ 194,345   $ 87,597    
             
             

        

Amortization expense for intangible assets

 

2014   2013  
$ 4,103   $ 4,238  

        

Schedule of future estimated amortization expense

 

 

 
  Estimated
Amortization
Expense
 

2014

  $ 18,211  

2015

    17,923  

2016

    17,350  

2017

    17,302  

2018

    15,616  

        

Non-amortized intangible assets

 

 

 
  March 29,
2014
  December 28,
2013
  Year
Acquired
 

Webforge

  $ 17,952   $ 17,787     2010  

Newmark

    11,111     11,111     2004  

Ingal EPS/Ingal Civil Products

    9,475     9,387     2010  

Donhad

    7,148     7,082     2010  

Industrial Galvanizers

    4,156     4,117     2010  

Valmont SM

    12,986         2014  

Other

    14,677     14,685        
                 

 

  $ 77,505   $ 64,169        
                 
                 

        

Carrying amount of goodwill

 

 

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

Balance at December 28, 2013

  $ 175,442   $ 75,404   $ 77,062   $ 2,420   $ 19,304   $ 349,632  

Acquisitions

    4,885                     4,885  

Foreign currency translation

    1,310         (190 )   27     180     1,327  
                           

Balance at March 29, 2014

  $ 181,637   $ 75,404   $ 76,872   $ 2,447   $ 19,484   $ 355,844