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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill / Tradename

(Table only in thousands)

 

Energy

Segment

 

 

Environmental

Segment

 

 

Fluid Handling

and Filtration

Segment

 

 

Totals

 

Balance of goodwill at December 31, 2015

 

$

72,075

 

 

$

55,031

 

 

$

93,057

 

 

$

220,163

 

2016 acquisition related adjustments

 

 

4,205

 

 

 

 

 

 

 

 

 

4,205

 

Impairment charge

 

 

 

 

 

(6,828

)

 

 

(46,934

)

 

 

(53,762

)

Foreign currency translation

 

 

(453

)

 

 

 

 

 

 

 

 

(453

)

Balance of goodwill at December 31, 2016

 

 

75,827

 

 

 

48,203

 

 

 

46,123

 

 

 

170,153

 

Impairment charge

 

 

(4,443

)

 

 

 

 

 

 

 

 

(4,443

)

Foreign currency translation

 

 

1,241

 

 

 

 

 

 

 

 

 

1,241

 

Balance of goodwill at December 31, 2017

 

$

72,625

 

 

$

48,203

 

 

$

46,123

 

 

$

166,951

 

 

 

 

Tradenames

 

(Table only in thousands)

 

2017

 

 

2016

 

Beginning balance

 

$

22,042

 

 

$

26,337

 

Impairment charge

 

 

(2,725

)

 

 

(4,161

)

Foreign currency adjustments

 

 

374

 

 

 

(134

)

Total indefinite lived intangible assets

 

$

19,691

 

 

$

22,042

 

 

Summary of Finite Lived Intangible Assets

The Company’s finite lived intangible assets as of December 31, 2017 and 2016 consisted of the following:

 

 

 

2017

 

 

2016

 

(Table only in thousands)

Intangible assets – finite life

 

Cost

 

 

Accum.

Amort.

 

 

Cost

 

 

Accum.

Amort.

 

Technology

 

$

15,867

 

 

$

8,609

 

 

$

15,867

 

 

$

6,360

 

Customer lists

 

 

77,497

 

 

 

35,024

 

 

 

77,497

 

 

 

26,041

 

Noncompetition agreements

 

 

1,118

 

 

 

698

 

 

 

1,118

 

 

 

478

 

Tradename

 

 

1,390

 

 

 

440

 

 

 

1,390

 

 

 

301

 

Foreign currency adjustments

 

 

(1,214

)

 

 

(69

)

 

 

(2,964

)

 

 

(1,000

)

Total finite life intangible assets

 

$

94,658

 

 

$

44,702

 

 

$

92,908

 

 

$

32,180