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Acquisitions, Goodwill And Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2018
Business Acquisition [Line Items]  
Schedule of Goodwill
Goodwill by reportable segment was as follows:
(In thousands)
OEM Segment
 
Aftermarket Segment
 
Total
Net balance – December 31, 2017
$
109,641

 
$
14,542

 
$
124,183

Acquisitions – 2018
23,921

 
3,226

 
27,147

Other
501

 

 
501

Net balance – June 30, 2018
$
134,063

 
$
17,768

 
$
151,831

Schedule of Other Intangible Assets
Other intangible assets consisted of the following at June 30, 2018:
(In thousands)
Gross
Cost
 
Accumulated
Amortization
 
Net
Balance
 
Estimated Useful
Life in Years
Customer relationships
$
191,533

 
$
49,131

 
$
142,402

 
6
to
16
Patents
59,102

 
40,351

 
18,751

 
3
to
19
Trade names
16,440

 
5,715

 
10,725

 
3
to
15
Non-compete agreements
8,261

 
3,584

 
4,677

 
3
to
6
Other
309

 
125

 
184

 
2
to
12
Purchased research and development
4,687

 

 
4,687

 
Indefinite
Other intangible assets
$
280,332

 
$
98,906

 
$
181,426

 
 
 
 

Other intangible assets consisted of the following at June 30, 2017:
(In thousands)
Gross
Cost
 
Accumulated
Amortization
 
Net
Balance
 
Estimated Useful
Life in Years
Customer relationships
$
138,258

 
$
37,190

 
$
101,068

 
6
to
16
Patents
57,202

 
35,874

 
21,328

 
3
to
19
Trade names
10,337

 
4,068

 
6,269

 
3
to
15
Non-compete agreements
8,354

 
3,046

 
5,308

 
3
to
6
Other
309

 
93

 
216

 
2
to
12
Purchased research and development
4,687

 

 
4,687

 
Indefinite
Other intangible assets
$
219,147

 
$
80,271

 
$
138,876

 
 
 
 

Other intangible assets consisted of the following at December 31, 2017:
(In thousands)
Gross
Cost
 
Accumulated
Amortization
 
Net
Balance
 
Estimated Useful
Life in Years
Customer relationships
$
138,687

 
$
42,276

 
$
96,411

 
6
to
16
Patents
57,576

 
38,764

 
18,812

 
3
to
19
Trade names
10,995

 
5,381

 
5,614

 
3
to
15
Non-compete agreements
8,536

 
4,128

 
4,408

 
3
to
6
Other
309

 
109

 
200

 
2
to
12
Purchased research and development
4,687

 

 
4,687

 
Indefinite
Other intangible assets
$
220,790

 
$
90,658

 
$
130,132

 
 
 
 
STLA  
Business Acquisition [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The acquisition of this business was preliminarily recorded on the acquisition date as follows (in thousands):
Cash consideration, net of cash acquired
$
14,845

 
 
Customer relationships and other identifiable intangible assets
$
7,000

Net tangible assets
2,280

Total fair value of net assets acquired
$
9,280

 
 
Goodwill (not tax deductible)
$
5,565

Hehr  
Business Acquisition [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The acquisition of this business was preliminarily recorded on the acquisition date as follows (in thousands):
Cash consideration
$
50,125

 
 
Customer relationships and other identifiable intangible assets
$
25,500

Net tangible assets
17,355

Total fair value of net assets acquired
$
42,855

 
 
Goodwill (tax deductible)
$
7,270

Taylor Made  
Business Acquisition [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The acquisition of this business was preliminarily recorded on the acquisition date as follows (in thousands):
Cash consideration, net of cash acquired
$
88,445

 
 
Customer relationships
$
25,000

Other identifiable intangible assets
7,000

Net tangible assets
42,133

Total fair value of net assets acquired
$
74,133

 
 
Goodwill (tax deductible)
$
14,312

Metallarte S.r.l.  
Business Acquisition [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The acquisition of this business was recorded on the acquisition date as follows (in thousands):
Cash consideration, net of cash acquired
$
13,501

Contingent consideration
2,366

Total fair value of consideration given
$
15,867

 
 
Customer relationships
$
7,311

Other identifiable intangible assets
1,942

Net other liabilities
(327
)
Total fair value of net assets acquired
$
8,926

 
 
Goodwill (not tax deductible)
$
6,941

Lexington  
Business Acquisition [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The acquisition of this business was recorded on the acquisition date as follows (in thousands):
Cash consideration
$
40,062

 
 
Customer relationships
$
16,900

Other identifiable intangible assets
1,820

Net tangible assets
4,928

Total fair value of net assets acquired
$
23,648

 
 
Goodwill (tax deductible)
$
16,414

SessaKlein S.p.A.  
Business Acquisition [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The acquisition of this business was recorded on the acquisition date as follows (in thousands):
Cash consideration, net of cash acquired
$
6,502

Contingent consideration
3,838

Total fair value of consideration given
$
10,340

 
 
Identifiable intangible assets
$
2,286

Net tangible assets
364

Total fair value of net assets acquired
$
2,650

 
 
Goodwill (not tax deductible)
$
7,690