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Other Intangible Assets

6 Months Ended

Jun. 26, 2015

Other Intangible Assets

Other Intangible Assets Text Block

8.       Information related to other intangible assets follows (dollars in thousands):

			Estimated								Foreign
			Life					Accumulated			Currency			Book
			(years)		Cost			Amortization			Translation			Value
June 26, 2015
Customer relationships			3 - 14		$	197,823		$	(29,364)		$	(4,368)		$	164,091
Patents, proprietary technology
	and product documentation		3 - 11			20,499			(8,134)			(318)			12,047
Trademarks, trade names
	and other		5			495			(91)			(42)			362
						218,817			(37,589)			(4,728)			176,500
Not Subject to Amortization:
	Brand names					69,165			-			(1,431)			67,734
Total					$	287,982		$	(37,589)		$	(6,159)		$	244,234
December 26, 2014
Customer relationships			3 - 14		$	143,144		$	(21,948)		$	(7,334)		$	113,862
Patents, proprietary technology
	and product documentation		3 - 11			18,268			(7,126)			(655)			10,487
Trademarks, trade names
	and other		5			175			(44)			-			131
						161,587			(29,118)			(7,989)			124,480
Not Subject to Amortization:
	Brand names					55,265			-			(3,467)			51,798
Total					$	216,852		$	(29,118)		$	(11,456)		$	176,278

Amortization of intangibles for the quarter was $4.4 million in 2015 and $2.7 million in 2014 and for the year-to-date was $8.5 million in 2015 and $5.8 million in 2014. Estimated annual amortization expense is as follows: $17.4 million in 2015, $17.6 million in 2016, $17.3 million in 2017, $17.0 million in 2018, $16.9 million in 2019 and $98.8 million thereafter.

Changes in the carrying amount of goodwill in 2015 were as follows (in thousands):

	Industrial			Process			Contractor			Total
Beginning balance	$	188,273		$	91,569		$	12,732		$	292,574
Additions from business acquisitions		5,037			101,730			-			106,767
Foreign currency translation		2,846			1,342			-			4,188
Ending balance	$	196,156		$	194,641		$	12,732		$	403,529

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- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 350



-SubTopic 30



-Section 50



-Paragraph 1



-URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275



Reference 2: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 350



-SubTopic 30



-Section 50



-Paragraph 2



-URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275



Reference 3: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 350



-SubTopic 30



-Section 50



-Paragraph 3



-URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275

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- References

No definition available.

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