XML 43 R14.htm IDEA: XBRL DOCUMENT
v3.19.3

Goodwill and Other Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 7 – Goodwill and Other Intangible Assets Goodwill The changes in the carrying amount of goodwill from December 31, 2018 to September 30, 2019 by operating segment, were as follows:
(Dollars in thousands) | Advanced Connectivity Solutions |  | Elastomeric Material Solutions |  | Power Electronics Solutions |  | Other |  | Total
December 31, 2018 | $ | 51,693 |  |  | $ | 142,589 |  |  | $ | 68,379 |  |  | $ | 2,224 |  |  | $ | 264,885 |
Foreign currency translation adjustment | — |  |  | (1,073 | ) |  | (3,260 | ) |  | — |  |  | (4,333 | )
September 30, 2019 | $ | 51,693 |  |  | $ | 141,516 |  |  | $ | 65,119 |  |  | $ | 2,224 |  |  | $ | 260,552 |
Other Intangible Assets The gross carrying amount, accumulated amortization and net carrying amount of other intangible assets as of September 30, 2019 and December 31, 2018 by classification type, were as follows:
| September 30, 2019 |  | December 31, 2018
(Dollars in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships | $ | 148,800 |  |  | $ | 36,413 |  |  | $ | 112,387 |  |  | $ | 149,753 |  |  | $ | 30,078 |  |  | $ | 119,675 |
Technology | 80,163 |  |  | 42,736 |  |  | 37,427 |  |  | 81,535 |  |  | 38,624 |  |  | 42,911 |
Trademarks and trade names | 11,970 |  |  | 4,053 |  |  | 7,917 |  |  | 12,019 |  |  | 3,213 |  |  | 8,806 |
Covenants not to compete | 1,340 |  |  | 441 |  |  | 899 |  |  | 1,340 |  |  | 249 |  |  | 1,091 |
Total definite-lived other intangible assets | 242,273 |  |  | 83,643 |  |  | 158,630 |  |  | 244,647 |  |  | 72,164 |  |  | 172,483 |
Indefinite-lived other intangible asset | 4,309 |  |  | — |  |  | 4,309 |  |  | 4,525 |  |  | — |  |  | 4,525 |
Total other intangible assets | $ | 246,582 |  |  | $ | 83,643 |  |  | $ | 162,939 |  |  | $ | 249,172 |  |  | $ | 72,164 |  |  | $ | 177,008 |
In the table above, gross carrying amounts and accumulated amortization may differ from prior periods due to foreign exchange rate fluctuations. Amortization expense for the three and nine months ended September 30, 2019 was approximately $4.4 million and $13.3 million, respectively. Amortization expense for the three and nine months ended September 30, 2018 was approximately $4.4 million and $12.1 million, respectively. The estimated future amortization expense is $4.4 million for the remainder of 2019 and $14.5 million, $13.8 million, $13.3 million and $12.7 million for 2020, 2021, 2022 and 2023, respectively. The weighted average amortization period as of September 30, 2019, by definite-lived other intangible asset class, is presented in the table below:
Definite-Lived Other Intangible Asset Class |  | Weighted Average Remaining Amortization Period
Customer relationships |  | 7.4 years
Technology |  | 4.2 years
Trademarks and trade names |  | 4.9 years
Covenants not to compete |  | 1.7 years
Total definite-lived other intangible assets |  | 6.4 years

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 and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration