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Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Goodwill assigned to the Company’s Water Transmission and Tubular Products Groups is as follows (in thousands):

		Water Transmission				Tubular Products				Total
Goodwill balance, December 31, 2012		$	—			$	20,478			$	20,478
Additions			5,282				—				5,282
Goodwill balance, December 31, 2013			5,282				20,478				25,760
Adjustment for the sale of OCTG business			—				(4,412	)			(4,412	)
Fourth quarter impairment			—				(16,066	)			(16,066	)
Goodwill balance, December 31, 2014		$	5,282			$	—			$	5,282

Summary of Intangible Assets

Intangible assets consist of the following as of December 31, 2014 (in thousands):

		Gross Carrying Amount				Accumulated Amortization				Intangible Assets, Net				Remaining Weighted-Average Amortization Period (in years)
Customer relationships		$	1,378			$	(138	)		$	1,240				9.0
Patents			1,162				(232	)			930				4.0
Trade names and trademarks			1,132				(75	)			1,057				14.0
Other (1)			295				(77	)			218				2.9
Total		$	3,967			$	(522	)		$	3,445				8.8

(1) Other intangibles consist of favorable lease contracts and non-compete agreements

Summary of Estimated Amortization Expense

The estimated amortization expense for the next five fiscal years is as follows (in thousands):

2015			523
2016			523
2017			495
2018			459
2019			213
Thereafter			1,232
		$	3,445

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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

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-Name Accounting Standards Codification

-Topic 350

-SubTopic 20

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