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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Goodwill

Changes in goodwill from January 1, 2017 through June 30, 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)

 

$

712

 

 

$

361

 

 

$

-

 

 

 

1,073

 

Impact of changes in foreign currency and other

 

 

8,213

 

 

 

286

 

 

 

573

 

 

 

9,072

 

Net goodwill balance June 30, 2017

 

$

113,390

 

 

$

37,808

 

 

$

47,788

 

 

$

198,986

 

 

Other Intangible Assets

Other intangible assets as of June 30, 2017 and December 31, 2016 consisted of the following:

 

 

 

June 30, 2017

 

 

December 31, 2016

 

 

 

Cost

 

 

Accumulated

Amortization

 

 

Net

 

 

Cost

 

 

Accumulated

Amortization

 

 

Net

 

Other intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames and trademarks

 

$

53,158

 

 

$

 

 

$

53,158

 

 

$

50,416

 

 

$

 

 

$

50,416

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

172,013

 

 

 

67,012

 

 

$

105,001

 

 

 

164,406

 

 

 

60,761

 

 

 

103,645

 

Product technology and patents

 

 

6,158

 

 

 

5,551

 

 

$

607

 

 

 

6,090

 

 

 

5,468

 

 

 

622

 

Total intangible assets

 

$

231,329

 

 

$

72,563

 

 

$

158,766

 

 

$

220,912

 

 

$

66,229

 

 

$

154,683