Goodwill and Other Intangibles

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangibles:

The following table summarizes the changes in goodwill by reportable segment for the six months ended June 30, 2016 (in thousands):



	Lithium and Advanced Materials			Bromine Specialties		Refining Solutions		All Other		Total
Balance at December 31, 2015^(a)(b)	$	1,267,505		$	20,319	$	172,728	$	—	$	1,460,552
Acquisition of Rockwood^(c)	(1,706		)	—		—		—		(1,706		)
Reclass from assets held for sale^(d)	—			—		—		6,586		6,586
Foreign currency translation adjustments	4,984			—		2,137		—		7,121
Balance at June 30, 2016^(b)	$	1,270,783		$	20,319	$	174,865	$	6,586	$	1,472,553


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


(b)	As of June 30, 2016 and December 31, 2015, $1.4 billion and $1.5 billion, respectively, of Goodwill was classified as Assets held for sale in the condensed consolidated balance sheets. See Note 3, “Divestitures,” for additional information.


(c)	Represents final purchase price adjustments for the Rockwood acquisition recorded in the six-month period ended June 30, 2016. Excludes $3.2 million of final purchase price adjustments for businesses reported as discontinued operations.


(d)	Represents Goodwill of the fine chemistry services business, which was reported in Assets held for sale on the condensed consolidated balance sheets as of December 31, 2015. See Note 3, “Divestitures,” for additional information.

The following table summarizes the changes in other intangibles and related accumulated amortization for the six months ended June 30, 2016 (in thousands):



	Customer Lists and Relationships			Trade Names and Trademarks ^(a)			Patents and Technology			Other			Total
Gross Asset Value
Balance at December 31, 2015	$	398,725		$	16,923		$	40,144		$	17,779		$	473,571
Reclass from assets held for sale^(b)	—			—			—			1,454			1,454
Foreign currency translation adjustments and other	7,064			44			(388		)	(23		)	6,697
Balance at June 30, 2016	$	405,789		$	16,967		$	39,756		$	19,210		$	481,722
Accumulated Amortization
Balance at December 31, 2015	$	(32,656	)	$	(8,086	)	$	(32,008	)	$	(16,953	)	$	(89,703	)
Amortization	(8,898		)	—			(292		)	(223		)	(9,413		)
Reclass from assets held for sale^(b)	—			—			—			(1,322		)	(1,322		)
Foreign currency translation adjustments and other	(276		)	(13		)	(32		)	21			(300		)
Balance at June 30, 2016	$	(41,830	)	$	(8,099	)	$	(32,332	)	$	(18,477	)	$	(100,738	)
Net Book Value at December 31, 2015^(c)	$	366,069		$	8,837		$	8,136		$	826		$	383,868
Net Book Value at June 30, 2016^(c)	$	363,959		$	8,868		$	7,424		$	733		$	380,984


(a)	Included in Trade Names and Trademarks are indefinite-lived intangible assets with a gross carrying amount of $8.7 million at June 30, 2016 and December 31, 2015.


(b)	Represents Other intangibles and related amortization of the fine chemistry services business, which was reported in Assets held for sale on the condensed consolidated balance sheets as of December 31, 2015. See Note 3 “Divestitures,” for additional information.


(c)	As of June 30, 2016 and December 31, 2015, $1.3 billion and $1.4 billion, respectively, of Other intangibles, net of amortization were classified as Assets held for sale in the condensed consolidated balance sheets. See Note 3 “Divestitures,” for additional information.

- 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.

+ References + Details