Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in goodwill during the years ended December 31, 2017 and 2016 were as follows:



(In thousands)	2017		2016
Net balance at January 1	$	333,276	$	340,338
Additions (Note 13)	74,453		10,485
Disposal	—		(338		)
Currency translation	14,456		(17,209		)
Net balance at December 31	$	422,185	$	333,276

At December 31, 2017, goodwill of $273.2 million and $149.0 million related to the Americas and International reporting segments, respectively.

During the 2016 first quarter, we sold 100% of the stock associated with our South African personal protective equipment distribution business and our Zambian operations, as disclosed in Note 20. This transaction resulted in a $0.2 million disposal of goodwill.

Changes in intangible assets, net of accumulated amortization, during the years ended December 31, 2017 and 2016 were as follows:



(In thousands)	2017			2016
Net balance at January 1	$	77,015		$	90,068
Additions (Note 13)	110,680			4,420
Amortization expense	(9,434		)	(7,885		)
Currency translation	4,827			(9,588		)
Net balance at December 31	$	183,088		$	77,015



(In millions)		December 31, 2017							December 31, 2016
Intangible Assets:	Weighted Average Useful Life (years)	Gross Carrying Amount		Accumulated Amortization and Reserves			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization and Reserves			Net Carrying Amount
Customer relationships	14	$	49.6	$	(7.6	)	$	42.0	$	45.5	$	(3.6	)	$	41.9
Distribution agreements	20	66.3		(10.9		)	55.4		25.2		(8.0		)	17.2
Technology related assets	8	28.7		(13.0		)	15.7		18.0		(10.3		)	7.7
Patents, trademarks and copyrights	13	19.2		(9.7		)	9.5		17.0		(7.1		)	9.9
License agreements	5	5.3		(5.3		)	—		5.3		(5.3		)	—
Other	2	2.9		(2.5		)	0.4		2.6		(2.3		)	0.3
Total	15	$	172.0	$	(49.0	)	$	123.0	$	113.6	$	(36.6	)	$	77.0

During 2017, we acquired a trade name with an indefinite life totaling $60.0 million. This intangible asset is tested for impairment on October 1st of each year, or more frequently if indicators of impairment exist.

Intangible asset amortization expense over the next five years is expected to be approximately $10.6 million in 2018, $10.6 million in 2019, $10.5 million in 2020, $10.4 million in 2021, and $9.1 million in 2022.

- 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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