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GOODWILL AND INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Sep. 29, 2012
GOODWILL AND INTANGIBLE ASSETS |
Components of amortized intangible assets |
|  | September 29, 2012
--- | --- | ---
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Weighted Average Life
Customer Relationships |  | $ | 159,060 |  | $ | 59,951 |  | 13 years
Proprietary Software & Database |  |  | 3,077 |  |  | 2,773 |  | 6 years
Patents & Proprietary Technology |  |  | 9,796 |  |  | 5,142 |  | 8 years
Non-compete Agreements |  |  | 1,800 |  |  | 1,496 |  | 6 years
|  | $ | 173,733 |  | $ | 69,362 |  |
|  | December 31, 2011
--- | --- | ---
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Weighted Average Life
Customer Relationships |  | $ | 155,629 |  | $ | 50,107 |  | 13 years
Proprietary Software & Database |  |  | 3,116 |  |  | 2,711 |  | 6 years
Patents & Proprietary Technology |  |  | 9,489 |  |  | 3,863 |  | 8 years
Non-compete Agreements |  |  | 1,812 |  |  | 1,307 |  | 6 years
|  | $ | 170,046 |  | $ | 57,988 |  |
Amortization expense for intangible assets |
|  | Thirteen Weeks Ended September 29, 2012 |  | Thirteen Weeks Ended September 24, 2011 |  | Thirty-nine Weeks Ended September 29, 2012 |  | Thirty-nine Weeks Ended September 24, 2011 |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
|  | $ | 3,582 |  | $ | 3,659 |  | $ | 10,751 |  | $ | 10,855 |  |
Schedule of future estimated amortization expense |
|  | Estimated Amortization Expense |
--- | --- | --- | ---
2012 |  | $ | 14,324 |
2013 |  |  | 13,462 |
2014 |  |  | 13,045 |
2015 |  |  | 12,129 |
2016 |  |  | 11,554 |
Non-amortized intangible assets |
|  | September 29, 2012 |  | December 31, 2011 |  | Year Acquired |
--- | --- | --- | --- | --- | --- | --- | ---
Webforge |  | $ | 17,501 |  | $ | 16,659 |  |  | 2010 |
Newmark |  |  | 11,111 |  |  | 11,111 |  |  | 2004 |
Ingal EPS/Ingal Civil Products |  |  | 9,237 |  |  | 8,792 |  |  | 2010 |
Donhad |  |  | 6,968 |  |  | 6,633 |  |  | 2010 |
PiRod |  |  | 1,750 |  |  | 1,750 |  |  | 2001 |
Industrial Galvanizers |  |  | 4,051 |  |  | 3,856 |  |  | 2010 |
Other |  |  | 7,290 |  |  | 7,224 |  |  |  |
|  | $ | 57,908 |  | $ | 56,025 |  |  |  |
Carrying amount of goodwill |
|  | Engineered Infrastructure Products Segment |  | Utility Support Structures Segment |  | Coatings Segment |  | Irrigation Segment |  | Other |  | Total |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Balance at December 31, 2011 |  | $ | 151,558 |  | $ | 77,141 |  | $ | 64,820 |  | $ | 2,576 |  | $ | 18,567 |  | $ | 314,662 |
Foreign currency translation |  |  | 4,236 |  |  | — |  |  | (215 | ) |  | (54 | ) |  | 428 |  |  | 4,395 |
Balance at September 29, 2012 |  | $ | 155,794 |  | $ | 77,141 |  | $ | 64,605 |  | $ | 2,522 |  | $ | 18,995 |  | $ | 319,057 |

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- Definition Tabular disclosure of amortizable intangibles assets, in total and by major class, including the gross carrying amount and accumulated amortization. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -Subparagraph a -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. 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=6905858&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 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6905858&loc=d3e16323-109275 + Details
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- Definition Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill. + References Reference 1: 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=6905597&loc=d3e13854-109267 Reference 2: 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=6905597&loc=d3e13816-109267 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -Subparagraph c -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. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -Subparagraph e -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. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 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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- Definition Tabular disclosure of the carrying value of intangible assets not subject to amortization, excluding goodwill, in total and by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of the company. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -Subparagraph b -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. Reference 2: 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=6905858&loc=d3e16323-109275 + Details
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