XML 42 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Goodwill

Changes in goodwill from January 1, 2018 through June 30, 2018 were as follows:

 

 

 

Couplings,

Clutches &

Brakes

 

 

Electromagnetic Clutches &

Brakes

 

 

Gearing

 

 

Total

 

Net goodwill balance January 1, 2018

 

$

119,963

 

 

$

37,905

 

 

$

48,172

 

 

$

206,040

 

Acquisition of Aluminum Die Casting

 

 

958

 

 

 

-

 

 

 

-

 

 

 

958

 

Impact of changes in foreign currency

 

 

(3,296

)

 

 

(120

)

 

 

(290

)

 

 

(3,706

)

Net goodwill balance June 30, 2018

 

$

117,625

 

 

$

37,785

 

 

$

47,882

 

 

$

203,292

 

 

Other Intangible Assets

Other intangible assets as of June 30, 2018 and December 31, 2017 consisted of the following:

 

 

 

June 30, 2018

 

 

December 31, 2017

 

 

 

Cost

 

 

Accumulated

Amortization

 

 

Net

 

 

Cost

 

 

Accumulated

Amortization

 

 

Net

 

Other intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames and trademarks

 

$

53,923

 

 

$

 

 

$

53,923

 

 

$

54,883

 

 

$

 

 

$

54,883

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

173,887

 

 

 

76,840

 

 

 

97,047

 

 

 

177,207

 

 

 

72,970

 

 

 

104,237

 

Product technology and patents

 

 

6,015

 

 

 

5,346

 

 

 

669

 

 

 

5,853

 

 

 

5,360

 

 

 

493

 

Total intangible assets

 

$

233,825

 

 

$

82,186

 

 

$

151,639

 

 

$

237,943

 

 

$

78,330

 

 

$

159,613