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Intangible Assets (Tables)
6 Months Ended
Jul. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets
Components of other intangible assets were as follows (dollars in thousands):
Finite LifeIndefinite Life
Customer
Relationships
Patents and
Proprietary
Technology
Trademarks,
Trade Names
and Other
Trade
Names
Total
As of July 1, 2022
Cost
$202,903 $26,974 $1,700 $62,633 $294,210 
Accumulated amortization
(116,312)(17,176)(581)— (134,069)
Foreign currency translation(10,815)(930)— (3,195)(14,940)
Book value
$75,776 $8,868 $1,119 $59,438 $145,201 
Weighted average life in years
1395N/A
As of December 31, 2021
Cost
$194,505 $26,074 $900 $62,633 $284,112 
Accumulated amortization
(108,657)(15,734)(452)— (124,843)
Foreign currency translation(7,710)(707)— (1,112)(9,529)
Book value
$78,138 $9,633 $448 $61,521 $149,740 
Weighted average life in years
13105N/A
Future Amortization Expense Estimated annual amortization expense based on the current carrying amount of other intangible assets is as follows (in thousands):
2022 (Remainder)2023202420252026Thereafter
Estimated Amortization Expense$9,253 $17,309 $16,076 $15,511 $8,915 $18,699 
Goodwill Rollforward
Changes in the carrying amount of goodwill for each reportable segment were as follows (in thousands): 
Industrial    Process    Contractor    Total    
Balance, December 31, 2021$185,733 $141,304 $29,218 $356,255 
Additions, adjustments from business acquisitions— 16,994 — 16,994 
Foreign currency translation(5,977)(1,781)— (7,758)
Balance, July 1, 2022$179,756 $156,517 $29,218 $365,491