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Goodwill and Other Intangibles | 12 Months Ended
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Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles | Goodwill and Other Intangibles: Goodwill and other intangibles consist principally of goodwill, customer lists, trade names, patents and other intangibles. The following table summarizes the changes in goodwill by operating segment for the years ended December 31, 2013 and 2012 (in thousands):
| Polymer Solutions |  | Catalysts |  | Fine Chemistry |  | Total
Balance at December 31, 2011 | $ | 37,163 |  |  | $ | 211,210 |  |  | $ | 24,772 |  |  | $ | 273,145 |
Foreign currency translation adjustments | 452 |  |  | 3,361 |  |  | 8 |  |  | 3,821 |
Balance at December 31, 2012 | 37,615 |  |  | 214,571 |  |  | 24,780 |  |  | 276,966 |
Foreign currency translation adjustments | 457 |  |  | 6,677 |  |  | 103 |  |  | 7,237 |
Balance at December 31, 2013 | $ | 38,072 |  |  | $ | 221,248 |  |  | $ | 24,883 |  |  | $ | 284,203 |
Other intangibles consist of the following at December 31, 2013 and 2012 (in thousands):
| Customer Lists and Relationships |  | Trade Names(c) |  | Patents and Technology |  | Land Use Rights |  | Manufacturing Contracts and Supply/Service Agreements |  | Other |  | Total
Gross Asset Value |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 31, 2011 | $ | 100,078 |  |  | $ | 45,399 |  |  | $ | 45,973 |  |  | $ | 8,098 |  |  | $ | 13,782 |  |  | $ | 24,161 |  |  | $ | 237,491 |
Acquisitions(a) | — |  |  | — |  |  | 1,500 |  |  | — |  |  | — |  |  | — |  |  | 1,500 |
Exit of phosphorus flame retardants business(b) | (16,189 | ) |  | (19,441 | ) |  | — |  |  | (1,915 | ) |  | (5,470 | ) |  | (1,122 | ) |  | (44,137 | )
Foreign currency translation adjustments and other | 1,278 |  |  | 985 |  |  | 403 |  |  | 20 |  |  | 211 |  |  | 373 |  |  | 3,270 |
Balance at December 31, 2012 | 85,167 |  |  | 26,943 |  |  | 47,876 |  |  | 6,203 |  |  | 8,523 |  |  | 23,412 |  |  | 198,124 |
Foreign currency translation adjustments and other | 1,259 |  |  | (36 | ) |  | 867 |  |  | 173 |  |  | (185 | ) |  | 216 |  |  | 2,294 |
Balance at December 31, 2013 | $ | 86,426 |  |  | $ | 26,907 |  |  | $ | 48,743 |  |  | $ | 6,376 |  |  | $ | 8,338 |  |  | $ | 23,628 |  |  | $ | 200,418 |
Accumulated Amortization |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at December 31, 2011 | $ | (30,281 | ) |  | $ | (12,220 | ) |  | $ | (35,212 | ) |  | $ | (1,118 | ) |  | $ | (11,113 | ) |  | $ | (17,266 | ) |  | $ | (107,210 | )
Amortization | (4,499 | ) |  | (1,307 | ) |  | (3,176 | ) |  | (183 | ) |  | (658 | ) |  | (900 | ) |  | (10,723 | )
Exit of phosphorus flame retardants business(b) | 4,134 |  |  | 5,791 |  |  | — |  |  | 236 |  |  | 5,470 |  |  | 1,122 |  |  | 16,753 |
Foreign currency translation adjustments and other | (838 | ) |  | (750 | ) |  | (390 | ) |  | (14 | ) |  | (211 | ) |  | (277 | ) |  | (2,480 | )
Balance at December 31, 2012 | (31,484 | ) |  | (8,486 | ) |  | (38,778 | ) |  | (1,079 | ) |  | (6,512 | ) |  | (17,321 | ) |  | (103,660 | )
Amortization | (4,332 | ) |  | (995 | ) |  | (797 | ) |  | (166 | ) |  | (647 | ) |  | (1,129 | ) |  | (8,066 | )
Foreign currency translation adjustments and other | (172 | ) |  | 511 |  |  | (779 | ) |  | (23 | ) |  | 185 |  |  | (211 | ) |  | (489 | )
Balance at December 31, 2013 | $ | (35,988 | ) |  | $ | (8,970 | ) |  | $ | (40,354 | ) |  | $ | (1,268 | ) |  | $ | (6,974 | ) |  | $ | (18,661 | ) |  | $ | (112,215 | )
Net Book Value at December 31, 2012 | $ | 53,683 |  |  | $ | 18,457 |  |  | $ | 9,098 |  |  | $ | 5,124 |  |  | $ | 2,011 |  |  | $ | 6,091 |  |  | $ | 94,464 |
Net Book Value at December 31, 2013 | $ | 50,438 |  |  | $ | 17,937 |  |  | $ | 8,389 |  |  | $ | 5,108 |  |  | $ | 1,364 |  |  | $ | 4,967 |  |  | $ | 88,203 |
(a) | The increase of $1.5 million in Patents and Technology relates to our acquisition of certain patents in 2012 related to catalysts useful in the production of fuel products from renewable feedstocks.
(b) | In 2012 we reduced intangible assets by $44.1 million and related accumulated amortization by $16.8 million in connection with our exit of the phosphorus flame retardants business. See Note 19 “Special Items.”
(c) | Trade names include a gross carrying amount of $10.3 million for an indefinite-lived intangible asset.
Useful lives range from 15 – 25 years for customer lists and relationships; 11 – 35 years for trade names; 17 – 20 years for patents and technology; 37 – 40 years for land use rights; 6 – 12 years for manufacturing contracts and supply/service agreements; and 5 – 35 years for other. Amortization of other intangibles amounted to $8.1 million, $10.7 million and $13.1 million for the years ended December 31, 2013, 2012 and 2011, respectively. Total estimated amortization expense of other intangibles for the next five fiscal years is as follows (in thousands):
| Estimated Amortization Expense
2014 | $ | 8,310 |
2015 | $ | 6,554 |
2016 | $ | 6,078 |
2017 | $ | 5,909 |
2018 | $ | 5,711 |

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- 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 Reference 1: 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=7658586&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: 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=7658586&loc=d3e16373-109275 Reference 5: 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=7658586&loc=d3e16265-109275 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 42, 43, 44, 45, 46, 47 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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