XML 43 R28.htm IDEA: XBRL DOCUMENT v3.2.0.727
Goodwill and Other Intangibles (Tables)
6 Months Ended
Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Goodwill
The following table summarizes the changes in goodwill for the six months ended June 30, 2015 (in thousands):
Balance at December 31, 2014
$
243,262

Acquisition of Rockwood
2,643,371

Other acquisitions(a)
13,272

Foreign currency translation adjustments
(130,286
)
Balance at June 30, 2015
$
2,769,619


(a)
Primarily relates to the acquisition of the remaining interest in Shanghai Chemetall. See Note 2, “Acquisitions.”
Other Intangibles
The following table summarizes the changes in other intangibles and related accumulated amortization for the six months ended June 30, 2015 (in thousands):
 
Customer Lists and Relationships
 
Trade Names and Trademarks
 
Patents and Technology
 
Other
 
Total
Gross Asset Value
 
 
 
 
 
 
 
 
 
Balance at December 31, 2014
$
48,479

 
$
17,555

 
$
40,398

 
$
23,441

 
$
129,873

Acquisition of Rockwood
1,317,759

 
363,120

 
227,840

 
27,450

 
1,936,169

Other acquisitions(a)
76,940

 

 
1,433

 
73

 
78,446

Foreign currency translation adjustments and other
(48,511
)
 
(20,051
)
 
(12,698
)
 
(761
)
 
(82,021
)
Balance at June 30, 2015
$
1,394,667

 
$
360,624

 
$
256,973

 
$
50,203

 
$
2,062,467

Accumulated Amortization
 
 
 
 
 
 
 
 
 
Balance at December 31, 2014
(22,931
)
 
(7,912
)
 
(32,831
)
 
(22,074
)
 
(85,748
)
Amortization
(27,308
)
 
(6,106
)
 
(6,726
)
 
(214
)
 
(40,354
)
Foreign currency translation adjustments and other
874

 
217

 
1,319

 
406

 
2,816

Balance at June 30, 2015
$
(49,365
)
 
$
(13,801
)
 
$
(38,238
)
 
$
(21,882
)
 
$
(123,286
)
Net Book Value at December 31, 2014
$
25,548

 
$
9,643

 
$
7,567

 
$
1,367

 
$
44,125

Net Book Value at June 30, 2015
$
1,345,302

 
$
346,823

 
$
218,735

 
$
28,321

 
$
1,939,181


(a)
Primarily relates to the acquisition of the remaining interest in Shanghai Chemetall. See Note 2, “Acquisitions.”
Total Estimated Amortization Expense of Other Intangibles for Next Five Fiscal Years
Total estimated amortization expense of other intangibles acquired in the Rockwood acquisition for the next five years is as follows (in thousands):
 
Estimated Amortization Expense
Remainder of 2015
$
41,148

2016
$
82,296

2017
$
82,296

2018
$
82,296

2019
$
82,296