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GOODWILL AND INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 28, 2014
GOODWILL AND INTANGIBLE ASSETS  
Components of amortized intangible assets

 

 

 
  June 28, 2014
 
  Gross
Carrying
Amount
  Accumulated
Amortization
  Weighted
Average
Life

Customer Relationships

  $ 194,824   $ 84,034   13 years

Proprietary Software & Database

    3,977     2,985   5 years

Patents & Proprietary Technology

    11,397     8,148   8 years

Other

    4,731     2,153   3 years
             

 

  $ 214,929   $ 97,320    
             
             


 

 
  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

Other

    1,620     1,438   6 years
             

 

  $ 194,345   $ 87,597    
             
             

        

Amortization expense for intangible assets

 

Thirteen Weeks
Ended
  Twenty-six Weeks
Ended
 
2014   2013   2014   2013  
$ 4,634   $ 3,458   $ 8,737   $ 7,696  

        

Schedule of future estimated amortization expense

 

 

 
  Estimated
Amortization
Expense
 

2014

  $ 18,243  

2015

    17,436  

2016

    15,470  

2017

    15,421  

2018

    13,738  

        

Non-amortized intangible assets

 

 

 
  June 28,
2014
  December 28,
2013
  Year
Acquired
 

Webforge

  $ 18,389   $ 17,787     2010  

Valmont SM

    12,059         2014  

Newmark

    11,111     11,111     2004  

Ingal EPS/Ingal Civil Products

    9,705     9,387     2010  

Donhad

    7,322     7,082     2010  

Industrial Galvanizers

    4,257     4,117     2010  

Other

    14,907     14,685        
                 

 

  $ 77,750   $ 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

    11,846                     11,846  

Foreign currency translation

    5,548         679     46     654     6,927  
                           

Balance at June 28, 2014

  $ 192,836   $ 75,404   $ 77,741   $ 2,466   $ 19,958   $ 368,405