XML 25 R15.htm IDEA: XBRL DOCUMENT
v3.19.2

GOODWILL AND INTANGIBLE ASSETS, NET | 6 Months Ended
--- | ---
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL | GOODWILL AND INTANGIBLE ASSETS, NET An analysis of changes in the Company’s goodwill by business segment is as follows (in millions):
| AWP |  | MP |  | Total
Balance at December 31, 2018, gross | $ | 139.2 |  |  | $ | 187.8 |  |  | $ | 327.0 |
Accumulated impairment | (38.6 | ) |  | (23.2 | ) |  | (61.8 | )
Balance at December 31, 2018, net | 100.6 |  |  | 164.6 |  |  | 265.2 |
Foreign exchange effect and other | (0.2 | ) |  | (0.6 | ) |  | (0.8 | )
Balance at June 30, 2019, gross | 139.0 |  |  | 187.2 |  |  | 326.2 |
Accumulated impairment | (38.6 | ) |  | (23.2 | ) |  | (61.8 | )
Balance at June 30, 2019, net | $ | 100.4 |  |  | $ | 164.0 |  |  | $ | 264.4 |
Intangible assets, net were comprised of the following (in millions):
|  |  | June 30, 2019 |  | December 31, 2018
| Weighted Average Life (in years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Definite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Technology | 7 |  | $ | 9.5 |  |  | $ | (8.9 | ) |  | $ | 0.6 |  |  | $ | 9.7 |  |  | $ | (9.1 | ) |  | $ | 0.6 |
Customer Relationships | 22 |  | 25.6 |  |  | (22.3 | ) |  | 3.3 |  |  | 25.6 |  |  | (21.7 | ) |  | 3.9 |
Land Use Rights | 81 |  | 4.4 |  |  | (0.6 | ) |  | 3.8 |  |  | 4.4 |  |  | (0.6 | ) |  | 3.8 |
Other | 8 |  | 25.0 |  |  | (22.1 | ) |  | 2.9 |  |  | 24.9 |  |  | (21.8 | ) |  | 3.1 |
Total definite-lived intangible assets |  |  | $ | 64.5 |  |  | $ | (53.9 | ) |  | $ | 10.6 |  |  | $ | 64.6 |  |  | $ | (53.2 | ) |  | $ | 11.4 |
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) | 2019 |  | 2018 |  | 2019 |  | 2018
Aggregate Amortization Expense | $ | 0.5 |  |  | $ | 0.5 |  |  | $ | 0.9 |  |  | $ | 0.9 |
Estimated aggregate intangible asset amortization expense (in millions) for each of the next five years below is:
2019 | $ | 1.8 |
2020 | $ | 1.7 |
2021 | $ | 1.6 |
2022 | $ | 1.4 |
2023 | $ | 0.9 |

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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2144439 + Details
Name: | us-gaap_GoodwillDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration