XML 30 R20.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Goodwill and Intangible Assets | 3 Months Ended
--- | ---
Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill The changes in the carrying amount of goodwill for the period ending March 31, 2017, by segment, were as follows:
(Dollars in thousands) | Advanced Connectivity Solutions |  | Elastomeric Material Solutions |  | Power Electronics Solutions |  | Other |  | Total
December 31, 2016 | $ | 51,693 |  |  | $ | 91,531 |  |  | $ | 62,983 |  |  | $ | 2,224 |  |  | $ | 208,431 |
Foreign currency translation adjustment | — |  |  | 1,143 |  |  | 746 |  |  | — |  |  | 1,889 |
Purchase accounting adjustment | — |  |  | 116 |  |  | — |  |  | — |  |  | 116 |
DSP acquisition | — |  |  | 17,793 |  |  | — |  |  | — |  |  | 17,793 |
March 31, 2017 | $ | 51,693 |  |  | $ | 110,583 |  |  | $ | 63,729 |  |  | $ | 2,224 |  |  | $ | 228,229 |
Intangible Assets
| March 31, 2017 |  | December 31, 2016
(Dollars in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Trademarks and patents | $ | 10,177 |  |  | $ | 1,401 |  |  | $ | 8,776 |  |  | $ | 6,825 |  |  | $ | 1,156 |  |  | $ | 5,669 |
Technology | 71,086 |  |  | 26,217 |  |  | 44,869 |  |  | 68,880 |  |  | 24,365 |  |  | 44,515 |
Covenant not to compete | 1,751 |  |  | 1,009 |  |  | 742 |  |  | 1,419 |  |  | 932 |  |  | 487 |
Customer relationships | 127,102 |  |  | 16,127 |  |  | 110,975 |  |  | 96,148 |  |  | 14,311 |  |  | 81,837 |
Total definite lived intangible assets | 210,116 |  |  | 44,754 |  |  | 165,362 |  |  | 173,272 |  |  | 40,764 |  |  | 132,508 |
Indefinite lived intangible assets | 4,217 |  |  | — |  |  | 4,217 |  |  | 4,168 |  |  | — |  |  | 4,168 |
Total intangible assets | $ | 214,333 |  |  | $ | 44,754 |  |  | $ | 169,579 |  |  | $ | 177,440 |  |  | $ | 40,764 |  |  | $ | 136,676 |
Gross and net carrying amounts and accumulated amortization may differ from prior periods due to foreign exchange rate fluctuations. Amortization expense for the three months ended March 31, 2017 and March 31, 2016 was approximately $3.3 million and $2.6 million, respectively. The estimated future amortization expense is $11.3 million, for the remainder of 2017 and $15.1 million, $14.9 million, $11.7 million and $10.9 million for 2018, 2019, 2020 and 2021, respectively. On November 23, 2016, we acquired DeWAL, and on January 6, 2017, we acquired the principal operating assets of DSP. For further detail on the goodwill and intangible assets recorded on the acquisitions, see Note 5 - Acquisitions. The indefinite-lived trademark intangible assets were acquired as part of the acquisition of Curamik. These assets are assessed for impairment annually or if changes in circumstances indicate that the carrying values may not be recoverable. The definite-lived intangible assets are amortized using a fair value methodology that is based on the projected economic use of the related underlying asset. The weighted average amortization period as of March 31, 2017, by intangible asset class, is presented in the table below:
Intangible Asset Class |  | Weighted Average Amortization Period (Years)
Trademarks and patents |  | 7.0
Technology |  | 5.8
Customer relationships |  | 10.1
Covenant not to compete |  | 3.3
Total definite lived intangible assets |  | 8.8

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 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=66006027&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=66006027&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=66006027&loc=d3e16323-109275 Reference 4: 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=35741047&loc=d3e13816-109267 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=35741047&loc=d3e13854-109267 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration