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Impairment of Long-lived Assets | 12 Months Ended
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Dec. 31, 2015
Impairment of Long-lived Assets. |
Impairment of Long-lived Assets | Note 1 8. Impairment of Long-Lived Assets In 2015, we recorded a $53.3 million impairment charge of long-lived assets primarily related to certain of our energy-related businesses as a result of the impact to our businesses from continued low crude oil prices and the resulting decline in the demand for the products we sell to the energy (oil and gas) market. This included a charge of $17.7 million for property, plant, and equipment directly related to the closure of certain of our energy-related businesses where we anticipate losses on the disposition of certain assets and an impairment charge of $35.6 million related to our intangible assets, net due to the loss of customers and lowered expectations of future profitability. The measurement of these assets at fair value was determined using a combination of discounted cash flow techniques for intangible assets and the market approach for property, plant, and equipment. We recognized an impairment loss of $14.9 million related to one of our trade name intangible assets in 2013. No impairment of long-lived assets was recognized in 2014.

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- Definition The entire disclosure for the details of the charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value. Disclosure may also include a description of the impaired asset and facts and circumstances leading to the impairment, amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired asset is reported. + References No definition available. + Details
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