Note 5 - Goodwill and Other Intangible Assets

9 Months Ended

Sep. 02, 2017

Goodwill and Intangible Assets Disclosure [Text Block]

Note

: Goodwill

and Other Intangible Assets

The goodwill activity for the

nine

months ended

September 2, 2017

is presented below:

	Americas					Asia		Construction		Engineering
	Adhesives			EIMEA		Pacific		Products		Adhesives		Total
Balance at December 3, 2016	$	59,821		$	98,876	$	17,481	$	21,901	$	168,169	$	366,248
Acquisitions		59,521	1		-		-		-		-		59,521
Currency impact		654			8,930		314		22		8,953		18,873
Balance at September 2, 2017	$	119,996		$	107,806	$	17,795	$	21,923	$	177,122	$	444,642

1	Preliminary goodwill balance as of September 2, 2017.

Balances of amortizable identifiable intangible assets, excluding goodwill and other non-amortizable intangible assets, are as follows:

	September 2, 2017
Amortizable Intangible Assets	Purchased Technology & Patents			Customer Relationships			All Other			Total
Original cost	$	72,563		$	305,863		$	56,467		$	434,893
Accumulated amortization		(31,751	)		(129,732	)		(35,482	)		(196,965	)
Net identifiable intangibles	$	40,812		$	176,131		$	20,985		$	237,928

	December 3, 2016
Amortizable Intangible Assets	Purchased Technology & Patents			Customer Relationships			All Other			Total
Original cost	$	70,504		$	251,329		$	51,116		$	372,949
Accumulated amortization		(21,448	)		(116,411	)		(30,198	)		(168,057	)
Net identifiable intangibles	$	49,056		$	134,918		$	20,918		$	204,892

Amortization expense with respect to amortiza

ble intangible assets was

$7,899

and

$7,023

for the

third

quarter ended

September 2, 2017

and

August 27, 2016,

respectively, and

$23,128

and

$20,509

for the

nine

months ended

September 2, 2017

and

August 27, 2016,

respectively.

Estimated aggregate amortization expense based on the current carrying

value of amortizable intangible assets for the next

five

fiscal years are as follows:

	Remainder of
Fiscal Year	2017		2018		2019		2020		2021		Thereafter
Amortization Expense	$	9,070	$	32,619	$	30,407	$	27,998	$	26,519	$	111,315

Non-amortizable intangible assets as of

September 2, 2017

are

$556

and are related to trademarks and trade names.

- 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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