Goodwill and Other Intangibles

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangibles:

The following table summarizes the changes in goodwill by reportable segment for the three months ended March 31, 2016 (in thousands):



	Lithium and Advanced Materials			Bromine Specialties		Refining Solutions		Chemetall Surface Treatment		Total
Balance at December 31, 2015^(a)	$	1,267,505		$	20,319	$	172,728	$	1,433,259	$	2,893,811
Acquisition of Rockwood^(b)	(1,706		)	—		—		3,198		1,492
Other acquisitions^(c)	—			—		—		1,668		1,668
Foreign currency translation adjustments	13,301			—		3,732		17,289		34,322
Balance at March 31, 2016	$	1,279,100		$	20,319	$	176,460	$	1,455,414	$	2,931,293


(a)	The December 31, 2015 balances have been recast to reflect a change in segments. See Note 12, "Segment Information," for further details.


(b)	Represents final purchase price adjustments for the Rockwood acquisition recorded in the three-month period ended March 31, 2016.


(c)	Represents final purchase price adjustments for the Chemetall Shanghai acquisition recorded in the three-month period ended March 31, 2016.

The following table summarizes the changes in other intangibles and related accumulated amortization for the three months ended March 31, 2016 (in thousands):



	Customer Lists and Relationships			Trade Names and Trademarks ^(a)			Patents and Technology			Other ^(b)			Total
Gross Asset Value
Balance at December 31, 2015	$	1,284,057		$	355,207		$	200,101		$	42,353		$	1,881,718
Acquisition of Rockwood^(c)	15,915			(24,130		)	—			260			(7,955		)
Other acquisitions^(d)	(2,306		)	—			—			—			(2,306		)
Foreign currency translation adjustments and other	15,425			7,763			3,314			563			27,065
Balance at March 31, 2016	$	1,313,091		$	338,840		$	203,415		$	43,176		$	1,898,522
Accumulated Amortization
Balance at December 31, 2015	$	(71,958	)	$	(19,759	)	$	(39,777	)	$	(17,177	)	$	(148,671	)
Amortization	(12,789		)	(1,637		)	(2,162		)	(195		)	(16,783		)
Foreign currency translation adjustments and other	(970		)	(304		)	(469		)	(93		)	(1,836		)
Balance at March 31, 2016	$	(85,717	)	$	(21,700	)	$	(42,408	)	$	(17,465	)	$	(167,290	)
Net Book Value at December 31, 2015	$	1,212,099		$	335,448		$	160,324		$	25,176		$	1,733,047
Net Book Value at March 31, 2016	$	1,227,374		$	317,140		$	161,007		$	25,711		$	1,731,232


(a)	Included in Trade Names and Trademarks are indefinite-lived intangible assets with a gross carrying amount of $113.2 million and $113.1 million at March 31, 2016 and December 31, 2015, respectively.


(b)	Included in Other is an indefinite-lived intangible asset with a gross carrying amount of $22.1 million and $21.9 million at March 31, 2016 and December 31, 2015, respectively.


(c)	Represents final purchase price adjustments for the Rockwood acquisition recorded in the three-month period ended March 31, 2016.


(d)	Represents final purchase price adjustments for the Chemetall Shanghai acquisition recorded in the three-month period ended March 31, 2016.

- 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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