Goodwill and Other Intangible Assets, Net

12 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets, Net

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Changes in the carrying amount of goodwill were as follows:



	Metal Containers		Closures		Plastic Containers			Total
	(Dollars in thousands)
Balance at December 31, 2011	$	116,414	$	158,922	$	114,586		$	389,922
Acquisitions	4,305		—		113,307			117,612
Currency translation	1,153		1,675		474			3,302
Balance at December 31, 2012	121,872		160,597		228,367			510,836
Acquisitions	—		131,041		3,735			134,776
Currency translation	2,619		4,225		(1,407		)	5,437
Balance at December 31, 2013	$	124,491	$	295,863	$	230,695		$	651,049

The components of other intangible assets, net at December 31 were as follows:



	2013					2012
	Gross Amount		Accumulated Amortization			Gross Amount		Accumulated Amortization
	(Dollars in thousands)
Definite-lived intangibles:
Customer relationships	$	206,855	$	(21,861	)	$	139,506	$	(13,663	)
Other	15,509		(3,477		)	15,336		(1,402		)
	222,364		(25,338		)	154,842		(15,065		)
Indefinite-lived intangibles:
Trade names	32,140		—			32,140		—
	$	254,504	$	(25,338	)	$	186,982	$	(15,065	)

In connection with our acquisition of Portola as discussed in Note 2, we recognized a customer relationship intangible asset of $62.0 million.

Definite-lived intangible assets are amortized over their estimated useful lives on a straight-line basis. Amortization expense in 2013, 2012 and 2011 was $10.3 million, $6.6 million and $5.5 million, respectively. Amortization expense is expected to be $13.6 million in each year from 2014 through 2018. Customer relationships have a weighted average life of approximately 18 years. Other definite-lived intangibles consist primarily of a trade name and technology know-how and have a weighted average life of approximately 9 years.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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