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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]  
Composition of Goodwill and Changes

Composition of goodwill and changes therein the years ended December 31, 2015 and 2014 are as follows:

 

 

 

December 31

 

 

 

2015

 

 

2014

 

 

 

$ in thousands

 

Balance at the beginning of year

 

 

179,445

 

 

 

12,444

 

Acquired during the year (see Note 3)

 

 

—  

 

 

 

167,001

 

Disposed during the year following the Thermal

   Products Business based on relative fair value

 

 

(9,593

)

 

 

 

 

Purchase price adjustment

 

 

325

 

 

 

 

 

Balance at the end of the year

 

 

170,177

 

 

 

179,445

 

 

Summary of Other Intangible Assets

Other intangible assets are composed as follows:

 

 

 

December 31

 

 

 

2015

 

 

2014

 

 

 

$ in thousands

 

Cost:

 

 

 

 

 

 

 

 

Intellectual property

 

 

126,190

 

 

 

120,780

 

Customer relations

 

 

96,824

 

 

 

100,831

 

Trade name

 

 

5,618

 

 

 

5,960

 

In-process research and development

 

 

—  

 

 

 

6,920

 

Backlog

 

 

10,029

 

 

 

10,398

 

 

 

 

238,661

 

 

 

244,889

 

Less:

 

 

 

 

 

 

 

 

Accumulated amortization

 

 

129,026

 

 

 

99,807

 

 

 

 

109,635

 

 

 

145,082

 

 

Estimated Amortization Expense

Estimated amortization expense for the years stated below is as follows:

 

 

 

$ in thousands:

 

Year ending December 31:

 

 

 

 

2016

 

 

26,993

 

2017

 

 

25,405

 

2018

 

 

25,093

 

2019

 

 

18,226

 

2020

 

 

9,880

 

2021 and thereafter

 

 

4,038

 

 

 

 

109,635