XML 41 R27.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Operations and Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Summary of financial instruments | The balance of the Company’s primary financial instruments was as follows:
(in thousands) | At December 31,
| 2015 | 2014
United States Treasury securities and money market funds | $ | 76,047 |  | $ | 99,024 |
Schedule of estimated useful lives over which depreciation of software, machinery and equipment is provided for using accelerated methods | Depreciation of software, machinery and equipment is provided using accelerated methods over the following estimated useful lives:
Software | 3 to 5 years
Machinery and equipment | 3 to 10 years
Reconciliation of basic earnings per share ("EPS") to diluted EPS | The following shows a reconciliation of basic earnings per share (“EPS”) to diluted EPS:
| Year Ended December 31,
(in thousands, except per-share amounts) | 2015 |  | 2014 |  | 2013
Net income available to common stockholders | $ | 67,888 |  |  | $ | 63,531 |  |  | $ | 50,971 |
Basic weighted average shares outstanding | 48,952 |  |  | 48,977 |  |  | 48,521 |
Dilutive effect of potential common stock equivalents — stock options | 229 |  |  | 217 |  |  | 152 |
Diluted weighted average shares outstanding | 49,181 |  |  | 49,194 |  |  | 48,673 |
Net earnings per share: |  |  |  |  |  |  |  |
Basic | $ | 1.39 |  |  | $ | 1.30 |  |  | $ | 1.05 |
Diluted | $ | 1.38 |  |  | $ | 1.29 |  |  | $ | 1.05 |
Potentially dilutive securities excluded from earnings per diluted share because their |  |  |  |  |
effect is anti-dilutive | — |  |  | — |  |  | — |
Schedule of components of accumulated other comprehensive income | The following shows the components of accumulated other comprehensive income or loss as of December 31, 2015 and 2014, respectively:
| Foreign Currency Translation |  | Pension Benefit |  | Total
(in thousands) |  |
Balance, January 1, 2013 | $ | 12,342 |  |  | $ | (243 | ) |  | $ | 12,099 |
Other comprehensive income before reclassification net of tax benefit (expense) of $29 and ($3), respectively | 3,147 |  |  | 46 |  |  | 3,193 |
Amounts reclassified from accumulative other comprehensive income, net of $0 tax | 2,794 |  |  | — |  |  | 2,794 |
Balance, December 31, 2013 | 18,283 |  |  | (197 | ) |  | 18,086 |
Other comprehensive loss net of tax benefit (expense) of ($63) and $67, respectively | (24,896 | ) |  | (370 | ) |  | (25,266 | )
Balance, December 31, 2014 | (6,613 | ) |  | (567 | ) |  | (7,180 | )
Other comprehensive loss net of tax benefit (expense) of ($57) and $82, respectively | (20,708 | ) |  | (457 | ) |  | (21,165 | )
Amounts reclassified from accumulative other comprehensive income, net of $0 tax | $ | (231 | ) |  |  |  | $ | (231 | )
Balance, December 31, 2015 | $ | (27,552 | ) |  | $ | (1,024 | ) |  | $ | (28,576 | )
Schedule of Company's stock-based compensation activity | The following table shows the Company’s stock-based compensation activity for the years ended December 31, 2015, 2014, and 2013, respectively:
| Years Ended December 31,
(in thousands) | 2015 |  | 2014 |  | 2013
Stock-based compensation expense recognized in operating expenses | $ | 11,212 |  |  | $ | 12,299 |  |  | $ | 12,053 |
Tax benefit of stock-based compensation expense in provision for income taxes | 3,987 |  |  | 4,384 |  |  | 4,225 |
Stock-based compensation expense, net of tax | $ | 7,225 |  |  | $ | 7,915 |  |  | $ | 7,828 |
Fair value of shares vested | $ | 10,997 |  |  | $ | 12,354 |  |  | $ | 12,090 |
Proceeds to the Company from the exercise of stock-based compensation | $ | 9,720 |  |  | $ | 4,582 |  |  | $ | 15,057 |
Tax benefit from exercise of stock-based compensation, including shortfall tax benefits | $ | (318 | ) |  | $ | (268 | ) |  | $ | (2,645 | )
| At December 31,
(in thousands) | 2015 |  | 2014 |  | 2013
Stock-based compensation cost capitalized in inventory | $ | 368 |  |  | $ | 559 |  |  | $ | 463 |
Schedule of changes in the carrying amount of goodwill, by segment | The changes in the carrying amount of goodwill, by segment, as of December 31, 2014 and 2015, were as follows, respectively:
(in thousands) | North America |  | Europe |  | Asia Pacific |  | Total
Balance as of January 1, 2014: |  |  |  |  |  |  |  |  |  |  |
Goodwill | $ | 95,488 |  |  | $ | 55,574 |  |  | $ | 1,706 |  |  | $ | 152,768 |
Accumulated impairment losses | (10,666 | ) |  | (12,884 | ) |  | — |  |  | (23,550 | )
| 84,822 |  |  | 42,690 |  |  | 1,706 |  |  | 129,218 |
Foreign exchange | (296 | ) |  | (4,293 | ) |  | (139 | ) |  | (4,728 | )
Impairment | — |  |  | (530 | ) |  | — |  |  | (530 | )
Reclassifications (1) | — |  |  | (79 | ) |  | — |  |  | (79 | )
Balance as of December 31, 2014: |  |  |  |  |  |  |  |  |  | 0 |
Goodwill | 95,192 |  |  | 51,202 |  |  | 1,567 |  |  | 147,961 |
Accumulated impairment losses | (10,666 | ) |  | (13,414 | ) |  | — |  |  | (24,080 | )
| 84,526 |  |  | 37,788 |  |  | 1,567 |  |  | 123,881 |
Goodwill acquired | 1,860 |  |  | 210 |  |  | — |  |  | 2,070 |
Foreign exchange | (552 | ) |  | (1,278 | ) |  | (171 | ) |  | (2,001 | )
Balance as of December 31, 2015: |  |  |  |  |  |  |  |  |  | 0 |
Goodwill | 96,500 |  |  | 50,135 |  |  | 1,396 |  |  | 148,031 |
Accumulated impairment losses | (10,666 | ) |  | (13,415 | ) |  | — |  |  | (24,081 | )
| $ | 85,834 |  |  | $ | 36,720 |  |  | $ | 1,396 |  |  | $ | 123,950 |
(1) See footnotes following table entitled Indefinite-Lived Intangibles, below.
Schedule of changes in the carrying amounts of finite-lived intangible assets subject to amortization | The changes in the carrying amounts of patents, unpatented technologies, customer relationships and non-compete agreements and other intangible assets subject to amortization as of December 31, 2014, and 2015 were as follows, respectively:
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Patents |  |
Balance at January 1, 2014 | $ | 6,689 |  |  | $ | (5,988 | ) |  | $ | 701 |
Amortization | — |  |  | (506 | ) |  | (506 | )
Foreign exchange | (14 | ) |  | — |  |  | (14 | )
Removal of fully amortized assets | (4,917 | ) |  | 4,917 |  |  | — |
Balance, at December 31, 2014 | 1,758 |  |  | (1,577 | ) |  | 181 |
Acquisition | 1,062 |  |  | — |  |  | 1,062 |
Amortization |  |  |  | (102 | ) |  | (102 | )
Foreign exchange | (7 | ) |  | — |  |  | (7 | )
Removal of fully amortized assets | (1,300 | ) |  | 1,300 |  |  | — |
Balance at December 31, 2015 | $ | 1,513 |  |  | $ | (379 | ) |  | $ | 1,134 |
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Unpatented Technology |  |
Balance at January 1, 2014 | $ | 18,977 |  |  | $ | (5,257 | ) |  | $ | 13,720 |
Amortization | — |  |  | (2,408 | ) |  | (2,408 | )
Reclassifications (2) | 5,299 |  |  | — |  |  | 5,299 |
Foreign exchange | (1,479 | ) |  | — |  |  | (1,479 | )
Balance, at December 31, 2014 | 22,797 |  |  | (7,665 | ) |  | 15,132 |
Amortization | — |  |  | (2,061 | ) |  | (2,061 | )
Foreign exchange | (123 | ) |  | $ | — |  |  | (123 | )
Removal of fully amortized assets | (1,070 | ) |  | 1,070 |  |  | — |
Balance at December 31, 2015 | $ | 21,604 |  |  | $ | (8,656 | ) |  | $ | 12,948 |
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Non-Compete Agreements, Trademarks and Other |  |
Balance at January 1, 2014 | $ | 13,555 |  |  | (3,554 | ) |  | 10,001 |
Acquisition | 100 |  |  | — |  |  | 100 |
Amortization | — |  |  | (2,020 | ) |  | (2,020 | )
Foreign exchange | (62 | ) |  | — |  |  | (62 | )
Reclassifications (1)(2) | (2,554 | ) |  | — |  |  | (2,554 | )
Removal of fully amortized assets | (200 | ) |  | 200 |  |  | — |
Balance, at December 31, 2014 | 10,839 |  |  | (5,374 | ) |  | 5,465 |
Acquisition | 25 |  |  | — |  |  | 25 |
Amortization | — |  |  | (2,039 | ) |  | (2,039 | )
Foreign exchange | (76 | ) |  | — |  |  | (76 | )
Removal of fully amortized asset | (210 | ) |  | 210 |  |  | — |
Balance at December 31, 2015 | $ | 10,578 |  |  | $ | (7,203 | ) |  | $ | 3,375 |
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer Relationships |  |
Balance at January 1, 2014 | $ | 22,849 |  |  | (11,164 | ) |  | 11,685 |
Amortization | — |  |  | (2,225 | ) |  | (2,225 | )
Reclassifications (1) | 658 |  |  | — |  |  | 658 |
Foreign exchange | (443 | ) |  | — |  |  | (443 | )
Removal of fully amortized assets | (1,718 | ) |  | 1,718 |  |  | — |
Balance, at December 31, 2014 | 21,346 |  |  | (11,671 | ) |  | 9,675 |
Acquisition | 474 |  |  | — |  |  | 474 |
Amortization | — |  |  | (1,881 | ) |  | (1,881 | )
Foreign exchange | (178 | ) |  | — |  |  | (178 | )
Removal of fully amortized assets | (400 | ) |  | 400 |  |  | — |
Balance at December 31, 2015 | $ | 21,242 |  |  | $ | (13,152 | ) |  | $ | 8,090 |
(1)(2) See footnotes following table entitled Indefinite-Lived Intangibles, below.
Schedule of estimated future amortization of intangible assets | At December 31, 2015, estimated future amortization of intangible assets was as follows: (in thousands)
2016 | $ | 6,054 |
2017 | 4,166 |
2018 | 3,130 |
2019 | 3,101 |
2020 | 3,072 |
Thereafter | 6,024 |
| $ | 25,547 |
Schedule of changes in the carrying amounts of indefinite-lived trade name and IPR&D assets not subject to amortization | The changes in the carrying amounts of indefinite-lived trade name and IPR&D assets not subject to amortization as of December 31, 2014 and 2015, respectively, were as follows:
(in thousands) |  |  |  |  | Net Carrying
Indefinite-Lived Intangibles | Trade Name |  | IPR&D |  | Amount
Balance, at January 1, 2014 | $ | 616 |  |  | $ | 5,050 |  |  | $ | 5,666 |
Reclassifications (2) | — |  |  | (3,349 | ) |  | (3,349 | )
Foreign exchange | — |  |  | (183 | ) |  | (183 | )
Balance, at December 31, 2014 | 616 |  |  | 1,518 |  |  | 2,134 |
Foreign exchange | — |  |  | (6 | ) |  | (6 | )
Balance at December 31, 2015 | $ | 616 |  |  | $ | 1,512 |  |  | $ | 2,128 |
(1) Reclassifications in 2014 of $0.6 million to customer relationships related to finalizing accounting for the Bierbach acquisitions, with a corresponding $0.5 million decrease in non-compete agreements, trademarks and other; and $0.1 million decrease in goodwill.
(2) | Reclassification in 2014 of $3.3 million to unpatented technology for substantially completed IPR&D, with a corresponding reduction in indefinite-lived IPR&D and of $2.0 million to unpatented technology related to TJ® ShearBrace (“ShearBrace”), with a corresponding decrease in non-compete agreements, trademarks and other.
Schedule of amortizable and indefinite-lived assets, net, by segment | Amortizable and indefinite-lived assets, net, by segment, as of December 31, 2014 and 2015, respectively, were as follows:
| December 31, 2014
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
(in thousands) |  |
Total Intangible Assets |  |
North America | $ | 29,455 |  |  | $ | (14,719 | ) |  | $ | 14,736 |
Europe | 29,419 |  |  | (11,568 | ) |  | 17,851 |
Total | $ | 58,874 |  |  | $ | (26,287 | ) |  | $ | 32,587 |
| At December 31, 2015
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
(in thousands) |  |
Total Intangible Assets |  |
North America | $ | 27,475 |  |  | $ | (14,941 | ) |  | $ | 12,534 |
Europe | 29,590 |  |  | (14,449 | ) |  | 15,141 |
Total | $ | 57,065 |  |  | $ | (29,390 | ) |  | $ | 27,675 |
Schedule of Restructuring Reserve by Type of Cost | The following table provides a rollforward of the liability balance for these costs, as well as other non-employee costs associated with the sales office closing, as of December 31, 2015:
(in thousands) | Operating Leases Obligation | Employee Severance Obligation |  | Other Associated Costs |  | Total
Balance at January 1, 2015 | $ | — |  | $ | — |  |  | $ | — |  |  | $ | — |
Charges | 751 |  | 2,422 |  |  | 481 |  |  | 2,903 |
Cash payments | (751 | ) | (2,121 | ) |  | (129 | ) |  | (2,250 | )
Balance at December 31, 2015 | $ | — |  | $ | 301 |  |  | $ | 352 |  |  | $ | 653 |

X
- Definition Tabular disclosure of the estimated useful lives of property, plant and equipment. + References No definition available. + Details
Name: | ssd_PropertyPlantAndEquipmentUsefulLifeTableTextBlock
Namespace Prefix: | ssd_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite-lived intangible assets by segment. + References No definition available. + Details
Name: | ssd_ScheduleOfFiniteLivedIntangibleAssetsBySegmentTextBlock
Namespace Prefix: | ssd_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring and/or nonrecurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: 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 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=35741047&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -Subparagraph (b),(d) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 + Details
Name: | us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived 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 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration