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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
The change in goodwill
The change in goodwill for the nine months ended September 30, 2014 was as follows:
Segment
Balance at January 1, 2014
 
Acquisitions
 
Foreign
Currency
Translation
 
Balance at September 30, 2014
Material Handling
$
50,570

 
$
21,003

 
$
(1,875
)
 
$
69,698

Distribution
505

 

 

 
505

 
$
51,075

 
$
21,003

 
$
(1,875
)
 
$
70,203

Schedule of Finite-Lived Intangible Assets
Intangible assets at September 30, 2014 and December 31, 2013 consisted of the following:
 
 
 
September 30, 2014
 
December 31, 2013
 
Weighted Average Useful Life (years)
 
Gross
 
Accumulated
Amortization
 
Net
 
Gross
 
Accumulated
Amortization
 
Net
Trade Names
5.6
 
$
11,640

 
$
(102
)
 
$
11,538

 
$
2,789

 
$
(78
)
 
$
2,711

Customer Relationships
5.4
 
42,290

 
(6,479
)
 
35,811

 
7,968

 
(4,515
)
 
3,453

Technology
9.3
 
27,746

 
(1,885
)
 
25,861

 
5,502

 
(918
)
 
4,584

Patents
2.4
 
10,900

 
(8,266
)
 
2,634

 
10,900

 
(7,448
)
 
3,452

Non-Compete
1.4
 
150

 
(148
)
 
2

 
150

 
(95
)
 
55

 
 
 
$
92,726

 
$
(16,880
)
 
$
75,846

 
$
27,309

 
$
(13,054
)
 
$
14,255