Note 4 - Goodwill and Other Intangible Assets

3 Months Ended

Mar. 02, 2019

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

Note

4:

Goodwill

and Other Intangible Assets

The goodwill activity for the

three

months ended

March 2, 2019

is presented below:

	Americas				Asia			Construction		Engineering
	Adhesives		EIMEA		Pacific			Adhesives		Adhesives		Total
Balance at December 1, 2018	$	339,800	$	155,552	$	21,428		$	310,720	$	477,671	$	1,305,171
Currency impact		422		2,002		(149	)		149		7,020		9,444
Balance at March 2, 2019	$	340,222	$	157,554	$	21,279		$	310,869	$	484,691	$	1,314,615

As discussed in Note

15,

as of the beginning of the

three

months ended

March 2, 2019,

we realigned certain customers across operating segments. We allocated goodwill within our reporting units to reflect this realignment using the relative fair value approach.

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

	March 2, 2019
Amortizable Intangible Assets	Purchased Technology and Patents			Customer Relationships			Trade Names			All Other			Total
Original cost	$	118,429		$	958,867		$	66,575		$	27,563		$	1,171,434
Accumulated amortization		(43,521	)		(192,035	)		(22,965	)		(21,080	)		(279,601	)
Net identifiable intangibles	$	74,908		$	766,832		$	43,610		$	6,483		$	891,833

	December 1, 2018
Amortizable Intangible Assets	Purchased Technology and Patents			Customer Relationships			Trade Names			All Other			Total
Original cost	$	118,930		$	953,929		$	65,975		$	33,550		$	1,172,384
Accumulated amortization		(41,503	)		(175,318	)		(21,573	)		(26,332	)		(264,726	)
Net identifiable intangibles	$	77,427		$	778,611		$	44,402		$	7,218		$	907,658

Amortization expense with respect to amortizable intangible assets was

$19,212

and

$19,243

for the

three

months ended

March 2, 2019

and

March 3, 2018,

respectively.

Estimated aggregate amortization expense based on the current carrying value of amortizable intangible assets for the next

five

fiscal years is as follows:

	Remainder
Fiscal Year	2019		2020		2021		2022		2023		Thereafter
Amortization Expense	$	57,682	$	72,099	$	70,552	$	69,278	$	66,667	$	555,555

Non-amortizable intangible assets as of

March 2, 2019

and

December 1, 2018

are

$558

and

$493,

respectively and are related to trademarks and trade names.