XML 35 R17.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Goodwill | 12 Months Ended
--- | ---
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill | Goodwill The Company has two reporting units, Energy Chemistry Technologies and Consumer and Industrial Chemistry Technologies, which have existing goodwill balances at December 31, 2017. Goodwill is tested for impairment annually in the fourth quarter, or more frequently if circumstances indicate a potential impairment. During the fourth quarter of 2017, the Company adopted ASU 2017-04, which eliminates Step 2 from the goodwill impairment test. If the carrying amount exceeds the reporting unit’s fair value, the Company will now recognize an impairment charge for the excess amount. During annual goodwill impairment testing for the year ended December 31, 2017, the Company first assessed the qualitative factors and was unable to conclude that it was not more likely than not that fair value of the Energy Chemistry Technologies and Consumer and Industrial Chemistry Technologies reporting units exceeded the carrying amount of the respective reporting units. Therefore, the Company performed the quantitative impairment test for both reporting units. The result of this testing indicated that the fair value of the Energy Chemistry Technologies and Consumer and Industrial Chemistry Technologies reporting units exceeded the carrying amount, including goodwill, of the respective reporting units. During annual goodwill impairment testing for the year ended December 31, 2016, the Company first assessed qualitative factors to determine whether it was necessary to perform the two-step goodwill impairment test that the Company has historically used. The Company concluded that it was not more likely than not that goodwill was impaired as of the fourth quarter of 2016, and therefore, further testing was not required. During annual goodwill impairment testing for the year ended December 31, 2015, the Company assessed the qualitative factors and concluded it was not more likely than not that there was an impairment of goodwill for the Consumer and Industrial Chemistry Technologies reporting unit. However, the Company was not able to conclude that it was not more likely than not that fair value of the Energy Chemistry Technologies reporting unit exceeded its carrying amount. Therefore, the Company performed the Step 1 impairment test for this reporting unit. The result of the Step 1 test indicated that the fair value of the Energy Chemistry Technologies reporting unit exceeded its carrying amount. Therefore, no further testing was required for this reporting unit. No impairments of goodwill were recognized during the years ended December 31, 2017, 2016, and 2015. Changes in the carrying amount of goodwill for each reporting unit are as follows (in thousands):
| Energy Chemistry Technologies |  | Consumer and Industrial Chemistry Technologies |  | Total
Balance at December 31, 2015: |  |  |  |  |
Goodwill | $ | 36,318 |  |  | $ | 19,480 |  |  | $ | 55,798 |
Accumulated impairment losses | — |  |  | — |  |  | — |
Goodwill balance, net | 36,318 |  |  | 19,480 |  |  | 55,798 |
Activity during the year 2016: |  |  |  |  |
Goodwill impairment recognized | — |  |  | — |  |  | — |
Acquisition goodwill recognized | 862 |  |  | — |  |  | 862 |
Balance at December 31, 2016: |  |  |  |  |
Goodwill | 37,180 |  |  | 19,480 |  |  | 56,660 |
Accumulated impairment losses | — |  |  | — |  |  | — |
Goodwill balance, net | 37,180 |  |  | 19,480 |  |  | 56,660 |
Activity during the year 2017: |  |  |  |  |
Goodwill impairment recognized | — |  |  | — |  |  | — |
Acquisition goodwill recognized | — |  |  | — |  |  | — |
Balance at December 31, 2017: |  |  |  |  |
Goodwill | 37,180 |  |  | 19,480 |  |  | 56,660 |
Accumulated impairment losses | — |  |  | — |  |  | — |
Goodwill balance, net | $ | 37,180 |  |  | $ | 19,480 |  |  | $ | 56,660 |

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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2144439 + Details
Name: | us-gaap_GoodwillDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration