XML 36 R15.htm IDEA: XBRL DOCUMENT v3.3.1.900
Other Intangible Assets
12 Months Ended
Dec. 31, 2015
Other Intangible Assets [Abstract]  
Intangible Assets Disclosure [Text Block]
GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in goodwill and other intangible assets for the year ended December 31, 2015 and 2014 are provided in the following table:
Dollar amounts in millions
2015
 
2014
 
Timber and timberlands
Goodwill
Total
 
Timber and timberlands
Goodwill
Total
Beginning balance December 31,
$
64.9

$
9.7

$
74.6

 
$
68.1

$
9.7

$
77.8

Amortization
(2.9
)

$
(2.9
)
 
(3.2
)

$
(3.2
)
Impairments
(11.6
)

(11.6
)
 



Total goodwill and other intangibles
$
50.4

$
9.7

$
60.1

 
$
64.9

$
9.7

$
74.6


        

Included in the balance of timber and timberlands are values allocated to Canadian forest licenses in the purchase price allocations for Forex, Peace Valley OSB and the assets of Evans Forest Products. The initial value of these licenses was $91.3 million and are amortized over the estimated useful life of twenty to twenty-five years. See note 17 for discussion of the write-off of one of the Quebec timber licenses in 2015.

Amortization of the above intangible assets over the next five years is as follows:
Dollar amounts in millions
 
Year ended December 31,
 
2016
$
3.2

2017
3.2

2018
3.2

2019
3.2

2020
3.2