XML 25 R13.htm IDEA: XBRL DOCUMENT
v3.19.1

Goodwill and Intangible Assets | 3 Months Ended
--- | ---
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill The following table represents the changes in goodwill by segment:
| Energy & Chemicals |  | D&S West |  | D&S East |  | Consolidated
Balance at December 31, 2018 | $ | 295.8 |  |  | $ | 151.3 |  |  | $ | 73.6 |  |  | $ | 520.7 |
Foreign currency translation adjustments | (0.6 | ) |  | — |  |  | (1.7 | ) |  | (2.3 | )
Purchase price adjustment (1) | 7.7 |  |  | 0.8 |  |  | 10.2 |  |  | 18.7 |
Balance at March 31, 2019 | $ | 302.9 |  |  | $ | 152.1 |  |  | $ | 82.1 |  |  | $ | 537.1 |
Accumulated goodwill impairment loss at March 31, 2019 and December 31, 2018 | $ | 64.6 |  |  | $ | 82.5 |  |  | $ | — |  |  | $ | 147.1 |
_______________
(1) | For the three months ended March 31, 2019, we made an adjustment to the preliminary purchase price allocation of $17.9 ($7.7 in E&C and $10.2 in D&S East) for the VRV acquisition and $0.8 for the Skaff acquisition. For further information see Note 9, “Business Combinations”.
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):
|  |  | March 31, 2019 |  | December 31, 2018
| Weighted-average Estimated Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |
Customer relationships | 14 years |  | $ | 252.3 |  |  | $ | (96.1 | ) |  | $ | 254.0 |  |  | $ | (92.0 | )
Unpatented technology | 12 years |  | 38.9 |  |  | (5.5 | ) |  | 39.4 |  |  | (5.1 | )
Land use rights | 50 years |  | 12.4 |  |  | (1.3 | ) |  | 12.2 |  |  | (1.3 | )
Trademarks and trade names | 14 years |  | 12.9 |  |  | (1.0 | ) |  | 13.5 |  |  | (1.1 | )
Patents and other | 7 years |  | 12.8 |  |  | (1.1 | ) |  | 14.0 |  |  | (1.5 | )
Total finite-lived intangible assets | 14 years |  | $ | 329.3 |  |  | $ | (105.0 | ) |  | $ | 333.1 |  |  | $ | (101.0 | )
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  | 98.2 |  |  | — |  |  | 98.3 |  |  | — |
Total intangible assets |  |  | $ | 427.5 |  |  | $ | (105.0 | ) |  | $ | 431.4 |  |  | $ | (101.0 | )
_______________
(1) | Amounts include the impact of foreign currency translation. Fully amortized amounts are written off.
Amortization expense for intangible assets subject to amortization was $7.2 and $5.5 for the three months ended March 31, 2019 and 2018, respectively. We estimate amortization expense to be recognized during the next five years as follows:
For the Year Ending December 31, |
2019 | $ | 21.0 |
2020 | 26.8 |
2021 | 20.2 |
2022 | 19.3 |
2023 | 19.2 |
See Note 9, “Business Combinations” for further information related to intangible assets acquired during 2018. Government Grants We received certain government grants related to land use rights for capacity expansion in China (“China Government Grants”). China Government Grants are generally recorded in other current liabilities and other long-term liabilities in our unaudited condensed consolidated balance sheets and generally recognized into income over the useful life of the associated assets (10 to 50 years). China Government Grants are presented in our unaudited condensed consolidated balance sheets as follows:
| March 31, 2019 |  | December 31, 2018
Current | $ | 0.5 |  |  | $ | 0.5 |
Long-term | 7.9 |  |  | 7.7 |
Total China Government Grants | $ | 8.4 |  |  | $ | 8.2 |
We also received government grants from certain local jurisdictions within the United States, which are recorded in other assets in the unaudited condensed consolidated balance sheets and were not significant for the periods presented.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration