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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2012
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets |
6. | Goodwill and Intangible Assets
The changes in the carrying value of Goodwill for the nine months ended September 30, 2012 were as follows:
| Goodwill |  | Accumulated Impairment Losses |  | Total |
Balance as of December 31, 2011 | $ | 66,523 |  |  | $ | (46,220 | ) |  | $ | 20,303 |  |
Foreign currency fluctuations | 1,641 |  |  | (2,165 | ) |  | (524 | ) |
Balance as of September 30, 2012 | $ | 68,164 |  |  | $ | (48,385 | ) |  | $ | 19,779 |  |
The balances of acquired Intangible Assets, excluding Goodwill, as of September 30, 2012 and December 31, 2011 were as follows:
| Customer Lists and Service Contracts |  | Trade Name |  | Technology |  | Total |
Balance as of September 30, 2012 |  |  |  |  |  |  |  |
Original cost | $ | 23,642 |  |  | $ | 4,559 |  |  | $ | 7,115 |  |  | $ | 35,316 |  |
Accumulated amortization | (9,309 | ) |  | (1,450 | ) |  | (2,645 | ) |  | (13,404 | ) |
Carrying value | $ | 14,333 |  |  | $ | 3,109 |  |  | $ | 4,470 |  |  | $ | 21,912 |  |
Weighted-average original life (in years) | 15 |  |  | 14 |  |  | 13 |  |  |  |  |
Balance as of December 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |
Original cost | $ | 25,987 |  |  | $ | 4,583 |  |  | $ | 7,136 |  |  | $ | 37,706 |  |
Accumulated amortization | (10,387 | ) |  | (1,209 | ) |  | (2,352 | ) |  | (13,948 | ) |
Carrying value | $ | 15,600 |  |  | $ | 3,374 |  |  | $ | 4,784 |  |  | $ | 23,758 |  |
Weighted-average original life (in years) | 14 |  |  | 14 |  |  | 13 |  |  |  |  |
The additions to Goodwill and Intangible Assets during 2011 were based on the purchase price allocation of Water Star as described in Note 4. The Water Star intangible asset consisted of technology with an estimated life of 15 years. We recorded an impairment loss on a customer list and technology intangible assets during the second quarter of 2011, totaling $1,805 due to our strategic decision to discontinue our two Hofmans outdoor city cleaning products. The impairment was included within Selling and Administrative Expense in the Condensed Consolidated Statements of Earnings. Amortization expense on Intangible Assets for the three and nine months ended September 30, 2012 was $663 and $2,095, respectively. Amortization expense on Intangible Assets for the three and nine months ended September 30, 2011 was $829 and $2,533, respectively. Estimated aggregate amortization expense based on the current carrying value of amortizable Intangible Assets for each of the five succeeding years and thereafter is as follows:
Remaining 2012 | $ | 575 |  |
2013 | 2,299 |  |
2014 | 2,240 |  |
2015 | 2,228 |  |
2016 | 2,188 |  |
Thereafter | 12,382 |  |
Total | $ | 21,912 |  |

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- 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 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13816-109267 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=6905858&loc=d3e16265-109275 Reference 3: 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 4: 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=6905858&loc=d3e16373-109275 Reference 5: 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=6905858&loc=d3e16323-109275 Reference 6: 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 + Details
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