XML 67 R13.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Goodwill and Other Intangible Assets | 3 Months Ended
--- | ---
Mar. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Changes in the carrying amount of goodwill for the three months ended March 31, 2013 are summarized as follows:
| Packaging |  | Energy |  | Aerospace & Defense |  | Engineered Components |  | Cequent Asia Pacific |  | Cequent Americas |  | Total
| (dollars in thousands)
Balance, December 31, 2012 | $ | 158,980 |  |  | $ | 64,210 |  |  | $ | 41,130 |  |  | $ | 3,180 |  |  | $ | — |  |  | $ | 3,440 |  |  | $ | 270,940 |
Goodwill from acquisitions | — |  |  | 6,720 |  |  | 8,420 |  |  | — |  |  | — |  |  | — |  |  | 15,140 |
Foreign currency translation | (1,790 | ) |  | 50 |  |  | — |  |  | — |  |  | — |  |  | 40 |  |  | (1,700 | )
Balance, March 31, 2013 | $ | 157,190 |  |  | $ | 70,980 |  |  | $ | 49,550 |  |  | $ | 3,180 |  |  | $ | — |  |  | $ | 3,480 |  |  | $ | 284,380 |
The gross carrying amounts and accumulated amortization of the Company's other intangibles as of March 31, 2013 and December 31, 2012 are summarized below. The Company amortizes these assets over periods ranging from 1 to 30 years.
|  | As of March 31, 2013 |  | As of December 31, 2012
Intangible Category by Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
|  | (dollars in thousands)
Finite-lived intangible assets: |  |  |  |  |  |  |  |
Customer relationships, 5 – 12 years |  | $ | 93,500 |  |  | $ | (31,910 | ) |  | $ | 85,740 |  |  | $ | (30,080 | )
Customer relationships, 15 – 25 years |  | 154,610 |  |  | (88,020 | ) |  | 154,610 |  |  | (85,960 | )
Total customer relationships |  | 248,110 |  |  | (119,930 | ) |  | 240,350 |  |  | (116,040 | )
Technology and other, 1 – 15 years |  | 37,860 |  |  | (26,950 | ) |  | 37,130 |  |  | (26,320 | )
Technology and other, 17 – 30 years |  | 43,840 |  |  | (23,630 | ) |  | 43,800 |  |  | (23,070 | )
Total technology and other |  | 81,700 |  |  | (50,580 | ) |  | 80,930 |  |  | (49,390 | )
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |
Trademark/Trade names |  | 51,670 |  |  | — |  |  | 50,310 |  |  | — |
Total other intangible assets |  | $ | 381,480 |  |  | $ | (170,510 | ) |  | $ | 371,590 |  |  | $ | (165,430 | )
Amortization expense related to intangible assets as included in the accompanying consolidated statement of income is summarized as follows:
|  | Three months ended March 31,
|  | 2013 |  | 2012
|  | (dollars in thousands)
Technology and other, included in cost of sales |  | $ | 1,210 |  |  | $ | 1,070 |
Customer relationships, included in selling, general and administrative expenses |  | 3,870 |  |  | 3,130 |
Total amortization expense |  | $ | 5,080 |  |  | $ | 4,200 |

X
- 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 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7658586&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 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 42, 43, 44, 45, 46, 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. Reference 5: 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=14024403&loc=d3e13854-109267 Reference 6: 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=14024403&loc=d3e13816-109267 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration