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GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 28, 2015
GOODWILL AND INTANGIBLE ASSETS  
Components of amortized intangible assets

 

 

March 28, 2015

 

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Weighted
Average
Life

 

Customer Relationships

 

$

201,990 

 

$

90,546 

 

 

13 years

 

Proprietary Software & Database

 

 

3,680 

 

 

2,954 

 

 

8 years

 

Patents & Proprietary Technology

 

 

12,109 

 

 

8,712 

 

 

8 years

 

Other

 

 

3,997 

 

 

3,216 

 

 

3 years

 

​  

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$

221,776 

 

$

105,428 

 

 

 

 

​  

​  

​  

​  

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December 27, 2014

 

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Weighted
Average
Life

 

Customer Relationships

 

$

207,509 

 

$

88,538 

 

 

13 years

 

Proprietary Software & Database

 

 

3,769 

 

 

2,977 

 

 

8 years

 

Patents & Proprietary Technology

 

 

12,394 

 

 

8,537 

 

 

8 years

 

Other

 

 

4,355 

 

 

2,998 

 

 

3 years

 

​  

​  

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$

228,027 

 

$

103,050 

 

 

 

 

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​  

​  

​  

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Amortization expense for intangible assets

Thirteen Weeks
Ended

 

2015

 

2014

 

$4,913

 

$

4,103 

 

 

Schedule of future estimated amortization expense

 

 

Estimated
Amortization
Expense

 

2015

 

$

17,039 

 

2016

 

 

16,607 

 

2017

 

 

15,871 

 

2018

 

 

14,227 

 

2019

 

 

13,423 

 

 

Non-amortized intangible assets

 

 

March 28,
2015

 

December 27,
2014

 

Year
Acquired

 

Webforge

 

$

16,052 

 

$

16,801 

 

 

2010 

 

Valmont SM

 

 

9,043 

 

 

10,818 

 

 

2014 

 

Newmark

 

 

11,111 

 

 

11,111 

 

 

2004 

 

Ingal EPS/Ingal Civil Products

 

 

8,472 

 

 

8,867 

 

 

2010 

 

Donhad

 

 

6,391 

 

 

6,689 

 

 

2010 

 

Shakespeare

 

 

4,000 

 

 

4,000 

 

 

2014 

 

Industrial Galvanizers

 

 

3,716 

 

 

3,889 

 

 

2010 

 

Other

 

 

14,257 

 

 

14,852 

 

 

 

 

​  

​  

​  

​  

 

 

$

73,042 

 

$

77,027 

 

 

 

 

​  

​  

​  

​  

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​  

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​  

​  

 

Carrying amount of goodwill

 

 

Engineered
Infrastructure
Products
Segment

 

Utility
Support
Structures
Segment

 

Coatings
Segment

 

Irrigation
Segment

 

Other

 

Total

 

Balance at December 27, 2014

 

$

197,074

 

$

75,404

 

$

74,862

 

$

19,536

 

$

18,235

 

$

385,111

 

Foreign currency translation

 

 

(8,654

)

 

 

 

(1,667

)

 

(89

)

 

(813

)

 

(11,223

)

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Balance at March 28, 2015

 

$

188,420

 

$

75,404

 

$

73,195

 

$

19,447

 

$

17,422

 

$

373,888

 

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