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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Goodwill

Changes in goodwill from January 1, 2017 through March 31, 2017 were as follows:

 

 

 

Couplings,

Clutches &

Brakes

 

 

Electromagnetic Clutches &

Brakes

 

 

Gearing

 

 

Total

 

Net goodwill balance January 1, 2017

 

$

104,465

 

 

$

37,161

 

 

$

47,215

 

 

$

188,841

 

Measurement period adjustment related to acquisition of Stromag (See Note 6)

 

$

1,865

 

 

$

340

 

 

$

-

 

 

 

2,205

 

Impact of changes in foreign currency and other

 

 

1,596

 

 

 

114

 

 

 

105

 

 

 

1,815

 

Net goodwill balance March 31, 2017

 

$

107,926

 

 

$

37,615

 

 

$

47,320

 

 

$

192,861

 

 

Other Intangible Assets

Other intangible assets as of March 31, 2017 and December 31, 2016 consisted of the following:

 

 

 

March 31, 2017

 

 

December 31, 2016

 

 

 

Cost

 

 

Accumulated

Amortization

 

 

Net

 

 

Cost

 

 

Accumulated

Amortization

 

 

Net

 

Other intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames and trademarks

 

$

50,910

 

 

$

 

 

$

50,910

 

 

$

50,416

 

 

$

 

 

$

50,416

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

165,243

 

 

 

63,378

 

 

$

101,865

 

 

 

164,406

 

 

 

60,761

 

 

 

103,645

 

Product technology and patents

 

 

6,450

 

 

 

5,852

 

 

$

598

 

 

 

6,090

 

 

 

5,468

 

 

 

622

 

Total intangible assets

 

$

222,603

 

 

$

69,230

 

 

$

153,373

 

 

$

220,912

 

 

$

66,229

 

 

$

154,683