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Goodwill and Intangible Assets (Notes) | 9 Months Ended
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Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure [Text Block] | Goodwill and Intangible Assets During the 2015 annual assessment of goodwill, management determined that it was more likely than not that the fair value was less than the carrying amount of certain reporting units and, therefore, the two-step goodwill impairment test was necessary. Additionally, management quantitatively evaluated indefinite-lived intangible assets as part of the impairment testing. Furthermore, management identified indicators of impairment on certain finite-lived intangible assets which were evaluated for impairment. As a result of these evaluations, the Company recorded goodwill impairment charges of $195,846, indefinite-lived intangible asset impairment charges of $11,826, finite-lived intangible asset impairment charges of $38,083 and long-lived asset impairment charges of $7,657 in the fourth quarter of 2015 as management concluded that certain assets within each reporting unit were impaired. During the third quarter of 2016, as a result of the long-lived asset impairment assessment, the Company recorded long-lived asset impairment charges on its D&S reporting unit of $542 related to finite-lived intangible assets and $675 related to tangible property, plant and equipment. See the Long-lived Asset Impairments section of Note 1, Basis of Preparation, to the accompanying financial statements for more information related to the asset impairments. Goodwill The following table represents the changes in goodwill by segment:
| Energy & Chemicals |  | Distribution & Storage |  | BioMedical |  | Total
Balance at December 31, 2015 | $ | 27,873 |  |  | $ | 165,940 |  |  | $ | 24,577 |  |  | $ | 218,390 |
Foreign currency translation adjustments and other | — |  |  | 701 |  |  | — |  |  | 701 |
Balance at September 30, 2016 | $ | 27,873 |  |  | $ | 166,641 |  |  | $ | 24,577 |  |  | $ | 219,091 |
Accumulated goodwill impairment loss | $ | 64,603 |  |  | $ | — |  |  | $ | 131,243 |  |  | $ | 195,846 |
Intangible Assets The following table displays the gross carrying amount and accumulated amortization for finite-lived intangible assets and indefinite-lived intangible assets (exclusive of goodwill)(1)(2):
| September 30, 2016 |  | December 31, 2015
| Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Finite-lived intangible assets: |  |  |  |  |  |  |
Unpatented technology | $ | 8,333 |  |  | $ | (3,054 | ) |  | $ | 8,530 |  |  | $ | (2,660 | )
Patents | 1,262 |  |  | (658 | ) |  | 7,770 |  |  | (6,753 | )
Trademarks and trade names | 5,002 |  |  | (2,167 | ) |  | 10,052 |  |  | (6,886 | )
Customer relationships | 119,658 |  |  | (79,474 | ) |  | 138,223 |  |  | (90,180 | )
Land use rights | 13,141 |  |  | (827 | ) |  | 13,484 |  |  | (567 | )
Total finite-lived intangible assets | $ | 147,396 |  |  | $ | (86,180 | ) |  | $ | 178,059 |  |  | $ | (107,046 | )
Indefinite-lived intangible assets: |  |  |  |  |  |  |
Trademarks and trade names | $ | 35,697 |  |  |  |  | $ | 35,701 |  |  |
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(1) | Amounts include the impact of foreign currency translation. Fully amortized amounts are written off.
(2) | The Company amortizes certain identifiable intangible assets primarily on a straight-line basis over their estimated useful lives, which range from one to 50 years.
Expense for intangible assets subject to amortization was $2,912 and $4,572 for the three months ended September 30, 2016 and 2015, respectively. Expense for intangible assets subject to amortization was $9,156 and $13,099 for the nine months ended September 30, 2016 and 2015, respectively. After consideration for the impairment losses recorded in the third quarter of 2016, the Company estimates amortization expense to be recognized this year and during each of the five succeeding years as follows:
For the Year Ending December 31, |
2016 | $ | 11,800 |
2017 | 10,400 |
2018 | 9,800 |
2019 | 9,800 |
2020 | 8,200 |
2021 | 2,200 |
Government Grants The Company received $1,055 in government grants during the first nine months of 2016. During 2015, the Company received $8,650 in government grants. The government grants are related to property, plant and equipment and land use rights related to the expansion in China. The grants are recorded in other current liabilities and other long-term liabilities in the condensed consolidated balance sheets and recognized into income over the useful life of the associated assets (10 to 50 years). At September 30, 2016, $463 and $8,554 was recorded in other current liabilities and other long-term liabilities, respectively, related to the government grants. At December 31, 2015, $368 and $8,133 was recorded in other current liabilities and other long-term liabilities, respectively, related to the government grants.

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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 3 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: 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=66006027&loc=d3e16265-109275 Reference 3: 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=66006027&loc=d3e16323-109275 Reference 4: 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=35741047&loc=d3e13816-109267 Reference 5: 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=35741047&loc=d3e13854-109267 + Details
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