Goodwill and Identified Intangible Assets

3 Months Ended

Mar. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Identified Intangible Assets

GOODWILL AND INTANGIBLE ASSETS

Goodwill

The following table presents a reconciliation of the beginning and ending balances of the Company’s goodwill (in thousands):



	Infrastructure Solutions			Corrosion Protection			Energy Services			Total
Balance, December 31, 2017:
Goodwill, gross	$	246,486		$	74,369		$	80,246		$	401,101
Accumulated impairment losses	(61,459		)	(45,400		)	(33,527		)	(140,386		)
Goodwill, net	185,027			28,969			46,719			260,715
2018 Activity:
Foreign currency translation	572			(269		)	—			303
Balance, March 31, 2018:
Goodwill, gross	247,058			74,100			80,246			401,404
Accumulated impairment losses	(61,459		)	(45,400		)	(33,527		)	(140,386		)
Goodwill, net	$	185,599		$	28,700		$	46,719		$	261,018

Intangible Assets

Intangible assets consisted of the following (in thousands):



	March 31, 2018								December 31, 2017
	Weighted Average Useful Lives (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
License agreements	10.8	$	4,511	$	(3,667	)	$	844	$	4,497	$	(3,623	)	$	874
Leases	2.8	796		(556		)	240		796		(534		)	262
Trademarks	10.2	15,494		(6,508		)	8,986		15,464		(6,184		)	9,280
Non-competes	2.0	1,201		(1,075		)	126		1,197		(1,048		)	149
Customer relationships	9.7	160,543		(59,638		)	100,905		160,423		(56,907		)	103,516
Patents and acquired technology	6.0	39,100		(21,380		)	17,720		39,285		(21,021		)	18,264
		$	221,645	$	(92,824	)	$	128,821	$	221,662	$	(89,317	)	$	132,345

Amortization expense was $3.5 million and $4.3 million for the quarters ended March 31, 2018 and 2017, respectively. Estimated amortization expense by year is as follows (in thousands):



2018	$	13,770
2019	13,572
2020	13,518
2021	13,335
2022	13,335

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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