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Goodwill And Other Intangible Assets | 9 Months Ended
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Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill And Other Intangible Assets | Goodwill and Other Intangible Assets We are required to review goodwill and indefinite-lived intangible assets annually for impairment. Goodwill impairment is tested at the reporting unit level (for example, graphite electrodes, needle coke, etc.) on an annual basis and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. We received notice in March 2015 that the market prices for needle coke were decreasing by an additional 18%, effective for the second quarter of 2015. This decline further compressed our margins for needle coke products versus our annual plan. We determined that this change, which was driven by overcapacity in the market, indicated that the needle coke industry is facing a deeper and longer trough than previously expected. We considered the additional price change as a triggering event and tested our needle coke goodwill for impairment as of March 31, 2015. This test resulted in an impairment charge for the remaining needle coke goodwill of $35.4 million. As a result of our acquisition by Brookfield, our goodwill and intangibles were revalued as of August 15, 2015. See Note 2 "Preferred Share Issuance and Merger" for description of the Merger and the results of purchase price accounting. The following tables represents the changes in the carrying value of goodwill and intangibles during the predecessor entity period of January 1, 2015 through August 14, 2015 and the successor entity period of August 15, 2015 through September 30, 2016:
Goodwill
Predecessor | (Dollars in Thousands)
Balance as of December 31, 2014 | $ | 420,129 |
Impairment | (35,381 | )
Currency translation effect | (616 | )
Balance as of August 14, 2015 | $ | 384,132 |
Successor |
Balance as of August 15, 2015 | $ | 170,418 |
Adjustments | 1,641 |
Balance as of December 31, 2015 | $ | 172,059 |
Adjustments (See Note 2) | 1,058 |
Goodwill transferred to discontinued operations | (2,000 | )
Balance as of September 30, 2016 | $ | 171,117 |
Intangible Assets
| As of December 31, 2015 |  | As of September 30, 2016
| Gross Carrying Amount |  | Accumulated Amortization & Impairment |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization & Impairment |  | Net Carrying Amount
| (Dollars in Thousands)
Trade name | $ | 22,000 |  |  | $ | (896 | ) |  | $ | 21,104 |  |  | $ | 22,500 |  |  | $ | (2,659 | ) |  | $ | 19,841 |
Technological know-how | 54,100 |  |  | (2,934 | ) |  | 51,166 |  |  | 55,300 |  |  | (8,621 | ) |  | 46,679 |
Customer –related intangible | 61,500 |  |  | (1,602 | ) |  | 59,898 |  |  | 64,500 |  |  | (5,059 | ) |  | 59,441 |
Total finite-lived intangible assets | $ | 137,600 |  |  | $ | (5,432 | ) |  | $ | 132,168 |  |  | $ | 142,300 |  |  | $ | (16,339 | ) |  | $ | 125,961 |
Amortization expense of acquired intangible assets was $2.1 million in the period July 1 through August 14, 2015, $10.6 million in the period January 1 through August 14, 2015 and $2.7 million in the period August 15 through September 30, 2015. Amortization expense of acquired intangible assets was $3.5 million and $10.7 million in the three months and nine months ended September 30, 2016, respectively. Estimated amortization expense will approximate $3.6 million in the remainder of 2016, $13.6 million in 2017, $12.9 million in 2018, $12.2 million in 2019 and $11.4 million in 2020.

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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