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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2016
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract] |
Changes in carrying value of goodwill classified by segment reporting structure | The changes in the carrying value of goodwill classified by our segment reporting structure for the years ended December 31, 2016 and 2015 are as follows:
|  | Total |  |  | North America |  |  | Asia |  |  | Europe |
Balance at January 1, 2015 |  |  |  |  |  |  |  |  |  |  |  |
Goodwill, gross |  |  | 145,310 |  |  |  | 69,380 |  |  |  | 50,052 |  |  |  | 25,878 |
Accumulated impairment charges |  |  | (26,941 | ) |  |  | (14,066 | ) |  |  | (12,875 | ) |  |  | - |
Goodwill, net |  | $ | 118,369 |  |  | $ | 55,314 |  |  | $ | 37,177 |  |  | $ | 25,878 |
Measurement period adjustments |  |  | 4,590 |  |  |  | (6,016 | ) |  |  | 4,351 |  |  |  | 6,255 |
Foreign currency translation |  |  | (1,325 | ) |  |  | - |  |  |  | 129 |  |  |  | (1,454 | )
Balance at December 31, 2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill, gross |  |  | 148,575 |  |  |  | 63,364 |  |  |  | 54,532 |  |  |  | 30,679 |
Accumulated impairment charges |  |  | (26,941 | ) |  |  | (14,066 | ) |  |  | (12,875 | ) |  |  | - |
Goodwill, net |  | $ | 121,634 |  |  | $ | 49,298 |  |  | $ | 41,657 |  |  | $ | 30,679 |
Impairment charge |  |  | (101,650 | ) |  |  | (40,408 | ) |  |  | (41,633 | ) |  |  | (19,609 | )
Foreign currency translation |  |  | (2,033 | ) |  |  | - |  |  |  | (24 | ) |  |  | (2,009 | )
Balance at December 31, 2016: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill, gross |  |  | 146,542 |  |  |  | 63,364 |  |  |  | 54,508 |  |  |  | 28,670 |
Accumulated impairment charges |  |  | (128,591 | ) |  |  | (54,474 | ) |  |  | (54,508 | ) |  |  | (19,609 | )
Goodwill, net |  | $ | 17,951 |  |  | $ | 8,890 |  |  | $ | - |  |  | $ | 9,061 |
Excess of estimated fair values over carrying value including goodwill | The excess of estimated fair values over carrying value, including goodwill for each of our reporting units that had goodwill as of the 2016 annual impairment test were as follows:
Reporting Unit |  | % by Which Estimated Fair Value Exceeds Carrying Value
North America |  | 13%
Europe |  | 30%
Fair Value Inputs, Assets, Quantitative Information [Line Items] |
Components of definite and indefinite-lived intangible assets | The components of definite and indefinite-lived intangible assets are as follows:
|  | December 31, 2016 |  |  | December 31, 2015 |
|  | Gross Carrying |  |  | Accumulated |  |  | Net Carrying |  |  | Gross Carrying |  |  | Accumulated |  |  | Net Carrying |
|  | Amount |  |  | Amortization |  |  | Amount |  |  | Amount |  |  | Amortization |  |  | Amount |
Patents, licenses and technology |  | $ | 38,658 |  |  | $ | 11,276 |  |  | $ | 27,382 |  |  | $ | 39,388 |  |  | $ | 7,932 |  |  | $ | 31,456 |
Customer relationships |  |  | 43,821 |  |  |  | 8,302 |  |  |  | 35,519 |  |  |  | 44,894 |  |  |  | 5,735 |  |  |  | 39,159 |
Non-compete agreements |  |  | 2,667 |  |  |  | 2,376 |  |  |  | 291 |  |  |  | 2,753 |  |  |  | 1,838 |  |  |  | 915 |
Trademarks |  |  | 11,677 |  |  |  | 41 |  |  |  | 11,636 |  |  |  | 16,338 |  |  |  | 41 |  |  |  | 16,297 |
|  | $ | 96,823 |  |  | $ | 21,995 |  |  | $ | 74,828 |  |  | $ | 103,373 |  |  | $ | 15,546 |  |  | $ | 87,827 |
Estimated amortization expense for intangible assets | Estimated amortization expense for intangible assets for the next five years is as follows:
December 31, |  | Amortization Expense |
2017 |  | $ | 6,521 |
2018 |  |  | 6,229 |
2019 |  |  | 6,229 |
2020 |  |  | 6,197 |
2021 |  |  | 6,196 |
Goodwill [Member] |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |
Schedule of underlying assumptions utilized in fair value | The table below shows the range of assumptions utilized across the various reporting units.
|  |  | Goodwill Impairment Analysis
|  |  | Key Assumptions
|  | 2016 - Interim |  | 2015 - Annual
Income Approach - Discounted Cash Flows (a): |  |  |  |
| Revenue 5-year compound annual growth rate (CAGR) |  | (9.0%) - (0.6%) |  | 2.6% - 2.7%
| 2016 EBITDA margins (b) |  | 5.1% - 6.6% |  | 7.2% - 8.4%
| Cost of equity capital |  | 11.6% - 14.7% |  | 12.3% - 16.5%
| Cost of debt capital |  | 3.6% - 8.5% |  | 2.4% - 5.9%
| Weighted average cost of capital |  | 10.0% - 14.0% |  | 11.0% - 15.0%
Market Approach - Multiples of Guideline Companies (a): |  |  |  |
| Net operating revenue multiples used |  | 0.4 - 0.6 |  | 0.4 - 0.5
| Operating EBITDA multiples used (b) |  | 5.9 - 6.3 |  | 5.0 - 5.3
| Invested capital control premium |  | 25% |  | 25%
Weighting of Valuation Methods: |  |  |  |
| Income Approach - Discounted Cash Flows |  | 75% |  | 75%
| Market Approach - Multiples of Guideline Companies |  | 25% |  | 25%
| (a) Ranges noted reflect assumptions and multiples used throughout the North America, Asia and Europe reporting units
| (b) EBITDA represents earnings before interest, taxes, depreciation and amortization. EBITDA margin is calculated by
| dividing EBITDA by net sales. |  |  |  |
Trademarks [Member] |
Fair Value Inputs, Assets, Quantitative Information [Line Items] |
Schedule of underlying assumptions utilized in fair value | The table below shows the range of assumptions utilized across the Company's various trademarks.
|  | Trademark Impairment Analysis
|  | Key Assumptions
| 2016 - Interim |  | 2015 - Annual
Revenue 5-year compound annual growth rate (CAGR) |  | (0.4%) - 2.7% |  | 0.2% - 4.0%
Estimated fair royalty rate |  | 0.25% - 1.5% |  | 0.5% - 2.0%
Discount rate |  | 11.0% - 15.0% |  | 12.0% - 14.0%

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