XML 88 R15.htm IDEA: XBRL DOCUMENT v3.20.1
Goodwill and other identifiable intangible assets
 3 Months Ended
Mar. 29, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and other identifiable intangible assets Goodwill and other identifiable intangible assets
Changes in goodwill during the First Quarter, ended March 29, 2020, were as follows:
 
In millions
Gas Cylinders
 
Elektron
 
Total
 
 
At January 1, 2020
$
27.0

 
$
41.8

 
$
68.8

 
 
Exchange difference
(1.6
)
 
(1.0
)
 
(2.6
)
 
 
Balance at March 29, 2020
$
25.4

 
$
40.8

 
$
66.2

 


Identifiable intangible assets consisted of the following:
 
 
March 29, 2020
 
December 31, 2019
 
 
In millions
Gross
 
Accumulated amortization
 
Net
 
Gross
 
Accumulated amortization
 
Net
 
 
Customer relationships
$
13.4

 
$
(4.8
)
 
$
8.6

 
$
13.4

 
$
(4.6
)
 
$
8.8

 
 
Technology and trading related
7.6

 
(3.2
)
 
4.4

 
8.1

 
(3.3
)
 
4.8

 
 
 
$
21.0

 
$
(8.0
)
 
$
13.0

 
$
21.5

 
$
(7.9
)
 
$
13.6

 


Identifiable intangible asset amortization expense was $0.2 million and $0.3 million for the First Quarter of 2020 and 2019 respectively.
Intangible asset amortization expense during the remainder of 2020 and over the next five years is expected to be approximately $0.5 million in 2020, $0.7 million in 2021, $0.7 million in 2022, $0.7 million in 2023, $0.7 million in 2024 and $0.7 million in 2025.