XML 70 R40.htm IDEA: XBRL DOCUMENT v2.4.0.8
Goodwill and Other Intangibles (Tables)
 12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Goodwill by Operating Segment
The following table summarizes the changes in goodwill by operating segment for the years ended December 31, 2013 and 2012 (in thousands):
 
Polymer
Solutions
 
Catalysts
 
Fine
Chemistry
 
Total
Balance at December 31, 2011
$
37,163

 
$
211,210

 
$
24,772

 
$
273,145

Foreign currency translation adjustments
452

 
3,361

 
8

 
3,821

Balance at December 31, 2012
37,615

 
214,571

 
24,780

 
276,966

Foreign currency translation adjustments
457

 
6,677

 
103

 
7,237

Balance at December 31, 2013
$
38,072

 
$
221,248

 
$
24,883

 
$
284,203
Other Intangibles
Other intangibles consist of the following at December 31, 2013 and 2012 (in thousands):
 
Customer
Lists and
Relationships
 
Trade
Names(c)
 
Patents
and
Technology
 
Land Use
Rights
 
Manufacturing
Contracts and
Supply/Service
Agreements
 
Other
 
Total
Gross Asset Value
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2011
$
100,078

 
$
45,399

 
$
45,973

 
$
8,098

 
$
13,782

 
$
24,161

 
$
237,491

Acquisitions(a)
—

 
—

 
1,500

 
—

 
—

 
—

 
1,500

Exit of phosphorus flame retardants
business(b)
(16,189
)
 
(19,441
)
 
—

 
(1,915
)
 
(5,470
)
 
(1,122
)
 
(44,137
)
Foreign currency translation adjustments
and other
1,278

 
985

 
403

 
20

 
211

 
373

 
3,270

Balance at December 31, 2012
85,167

 
26,943

 
47,876

 
6,203

 
8,523

 
23,412

 
198,124

Foreign currency translation adjustments
and other
1,259

 
(36
)
 
867

 
173

 
(185
)
 
216

 
2,294

Balance at December 31, 2013
$
86,426

 
$
26,907

 
$
48,743

 
$
6,376

 
$
8,338

 
$
23,628

 
$
200,418

Accumulated Amortization
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2011
$
(30,281
)
 
$
(12,220
)
 
$
(35,212
)
 
$
(1,118
)
 
$
(11,113
)
 
$
(17,266
)
 
$
(107,210
)
Amortization
(4,499
)
 
(1,307
)
 
(3,176
)
 
(183
)
 
(658
)
 
(900
)
 
(10,723
)
Exit of phosphorus flame retardants
business(b)
4,134

 
5,791

 
—

 
236

 
5,470

 
1,122

 
16,753

Foreign currency translation adjustments
and other
(838
)
 
(750
)
 
(390
)
 
(14
)
 
(211
)
 
(277
)
 
(2,480
)
Balance at December 31, 2012
(31,484
)
 
(8,486
)
 
(38,778
)
 
(1,079
)
 
(6,512
)
 
(17,321
)
 
(103,660
)
Amortization
(4,332
)
 
(995
)
 
(797
)
 
(166
)
 
(647
)
 
(1,129
)
 
(8,066
)
Foreign currency translation adjustments
and other
(172
)
 
511

 
(779
)
 
(23
)
 
185

 
(211
)
 
(489
)
Balance at December 31, 2013
$
(35,988
)
 
$
(8,970
)
 
$
(40,354
)
 
$
(1,268
)
 
$
(6,974
)
 
$
(18,661
)
 
$
(112,215
)
Net Book Value at December 31, 2012
$
53,683

 
$
18,457

 
$
9,098

 
$
5,124

 
$
2,011

 
$
6,091

 
$
94,464

Net Book Value at December 31, 2013
$
50,438

 
$
17,937

 
$
8,389

 
$
5,108

 
$
1,364

 
$
4,967

 
$
88,203


(a)
The increase of $1.5 million in Patents and Technology relates to our acquisition of certain patents in 2012 related to catalysts useful in the production of fuel products from renewable feedstocks.
(b)
In 2012 we reduced intangible assets by $44.1 million and related accumulated amortization by $16.8 million in connection with our exit of the phosphorus flame retardants business. See Note 19 “Special Items.”
(c)
Trade names include a gross carrying amount of $10.3 million for an indefinite-lived intangible asset.
Total Estimated Amortization Expense of Other Intangibles for Next Five Fiscal Years
Total estimated amortization expense of other intangibles for the next five fiscal years is as follows (in thousands):
 
Estimated
Amortization
Expense
2014
$
8,310

2015
$
6,554

2016
$
6,078

2017
$
5,909

2018
$
5,711