XML 67 R12.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Goodwill | 12 Months Ended
--- | ---
Dec. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill | Goodwill As a result of an acquisition in 2001, the Company had goodwill of $28.3 million, all of which related to its MRO reporting segment. Goodwill impairment is deemed to exist if the carrying amount of a reporting unit exceeds its estimated fair value and the goodwill impairment charge, if any, is measured as the difference between the carrying amount of the goodwill as compared to its estimated fair value. The Company evaluates goodwill for potential impairment by determining if certain qualitative events have occurred or if circumstances have changed that would more likely than not reduce the fair value of the reporting unit below its carrying value. As a result of this evaluation, the Company identified indicators of impairment during the second quarter of 2012 related to recurring operating losses and reduced market capitalization and, therefore, performed an interim impairment test of goodwill. The Company estimated the fair value of the MRO reporting unit using a discounted cash flow analysis based on its current operating forecast to determine the reporting unit’s fair value. After completing the analysis, the Company concluded that the entire amount of the goodwill was impaired and a non-cash charge of $28.3 million was recorded in the second quarter of 2012. Goodwill activity in 2012 and 2011 was as follows:
| (Dollars in thousands)
| December 31,
| 2012 |  | 2011
Beginning balance | $ | 28,148 |  |  | $ | 28,307 |
Impairment loss | (28,306 | ) |  | — |
Translation adjustment | 158 |  |  | (159 | )
Ending balance | $ | — |  |  | $ | 28,148 |

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 goodwill. + References No definition available. + Details
Name: | us-gaap_GoodwillDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration