XML 39 R27.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]  
Schedule of 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:
 
 
 
 
 
 
 
Acquisition (1)
—

 
2,629

 
—

 
2,629

Foreign currency translation
(1,066
)
 
(393
)
 
—

 
(1,459
)
Balance, June 30, 2018:
 
 
 
 
 
 
 
Goodwill, gross
245,420

 
76,605

 
80,246

 
402,271

Accumulated impairment losses
(61,459
)
 
(45,400
)
 
(33,527
)
 
(140,386
)
Goodwill, net
$
183,961

 
$
31,205

 
$
46,719

 
$
261,885

__________________________
(1) 
During the second quarter of 2018 , the Company recorded goodwill of $2.6 million related to the acquisition of Hebna (see Note 1).
Schedule of identified intangible assets
Intangible assets consisted of the following (in thousands):
 
June 30, 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
10.2
 
$
4,478

 
$
(3,707
)
 
$
771

 
$
4,497

 
$
(3,623
)
 
$
874

Leases
2.5
 
796

 
(578
)
 
218

 
796

 
(534
)
 
262

Trademarks
9.9
 
15,505

 
(6,819
)
 
8,686

 
15,464

 
(6,184
)
 
9,280

Non-competes (1)
4.8
 
2,294

 
(1,097
)
 
1,197

 
1,197

 
(1,048
)
 
149

Customer relationships (1)
9.4
 
161,534

 
(62,279
)
 
99,255

 
160,423

 
(56,907
)
 
103,516

Patents and acquired technology
6.0
 
38,741

 
(21,250
)
 
17,491

 
39,285

 
(21,021
)
 
18,264

 
 
 
$
223,348

 
$
(95,730
)
 
$
127,618

 
$
221,662

 
$
(89,317
)
 
$
132,345


__________________________
(1) 
During the second quarter of 2018, the Company recorded non-competes of $1.1 million and customer relationships of $1.3 million related to the acquisition of Hebna (see Note 1).
Schedule of estimated amortization expense
Estimated amortization expense by year is as follows (in thousands):
2018
 
$
13,823

2019
 
13,640

2020
 
13,590

2021
 
13,402

2022
 
13,298