Goodwill and Intangible Assets (Notes)

3 Months Ended

Mar. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Intangible Assets

Goodwill

The following table represents the changes in goodwill by segment:



	Energy & Chemicals		Distribution & Storage		BioMedical		Total
Balance at December 31, 2016	$	27,873	$	165,520	$	24,577	$	217,970
Foreign currency translation adjustments and other	—		262		—		262
Goodwill acquired during the year	10,120		—		—		10,120
Balance at March 31, 2017	$	37,993	$	165,782	$	24,577	$	228,352

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⁾:



	March 31, 2017					December 31, 2016
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Finite-lived intangible assets:
Unpatented technology	$	8,222	$	(3,309	)	$	8,186	$	(3,132	)
Patents and other	1,882		(743		)	1,235		(695		)
Trademarks and trade names	5,280		(2,369		)	4,918		(2,198		)
Customer relationships	126,845		(84,215		)	119,320		(81,614		)
Land use rights	12,719		(929		)	12,650		(860		)
Total finite-lived intangible assets	$	154,948	$	(91,565	)	$	146,309	$	(88,499	)
Indefinite-lived intangible assets:
Trademarks and trade names	$	35,648	—			$	35,633	—
Total intangible assets	$	190,596	$	(91,565	)	$	181,942	$	(88,499	)

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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 $2,986 and $3,128 for the three months ended March 31, 2017 and 2016, respectively. The Company estimates future amortization expense for its finite-lived intangible assets as follows:



For the Year Ending December 31,
2017	$	11,700
2018	10,600
2019	10,600
2020	9,000
2021	2,900

Government Grants

The Company received $145 in government grants during the first three months of 2017. 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).

Government grants at March 31, 2017 and December 31, 2016 are as follows:



	March 31, 2017		December 31, 2016
Current	$	463	$	446
Long-term	8,240		8,153
Total government grants	$	8,703	$	8,599

- 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.

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