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Goodwill And Other Intangible Assets | 12 Months Ended
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Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill And Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS The components of goodwill and other intangibles at December 31, 2016 and 2015, and related amortization periods for continuing operations are as follows:
(In Thousands) |  | 2016 |  | 2015 |  | Amortization Periods
Goodwill | $ | 117,822 |  |  | $ | 117,839 |  |  | Not amortized
Other identifiable intangibles (a): |  |  |  |  |
Customer relationships (cost basis of $26,021 in 2016 and $23,766 in 2015) | 14,844 |  |  | 15,620 |  |  | 10-12 years
Proprietary technology (cost basis of $17,366 in 2016 and $16,738 in 2015) | 7,582 |  |  | 9,037 |  |  | Not more than 15 years
Trade names | 11,175 |  |  | 10,576 |  |  | Indefinite life
Total carrying value of other intangibles | 33,601 |  |  | 35,233 |  |  |
Total carrying value of goodwill and other intangibles | $ | 151,423 |  |  | $ | 153,072 |  |  |
(a) Other identifiable intangibles also includes non-compete agreements, which have been fully amortized. These identifiable intangible assets, which have a cost basis of $4.2 million, were previously amortized over 2 years. A reconciliation of the beginning and ending balance of goodwill for each of the two years in the period ended December 31, 2016 is as follows:
(In Thousands) |  | PE Films |  | Flexible Packaging Films |  | Aluminum Extrusions (1) |  | Total
Net carrying value of goodwill at January 1, 2015 | $ | 104,160 |  |  | $ | 51,831 |  |  | $ | 13,696 |  |  | $ | 169,687 |
Goodwill impairment charge | — |  |  | (44,465 | ) |  | — |  |  | (44,465 | )
Increase (decrease) due to foreign currency translation | (17 | ) |  | (7,366 | ) |  | — |  |  | (7,383 | )
Net carrying value of goodwill at December 31, 2015 | 104,143 |  |  | — |  |  | 13,696 |  |  | 117,839 |
Increase (decrease) due to foreign currency translation | (17 | ) |  | — |  |  | — |  |  | (17 | )
Net carrying value of goodwill at December 31, 2016 | $ | 104,126 |  |  | $ | — |  |  | $ | 13,696 |  |  | $ | 117,822 |
(1) Goodwill balance is net of accumulated impairment losses of $30.6 million. The Company recorded a goodwill impairment charge of $44.5 million ($44.5 million after taxes) for goodwill associated with Flexible Packaging Films in 2015. This impairment charge represented the entire amount of goodwill associated with the Flexible Packaging Films segment. The operations of Flexible Packaging Films were adversely impacted by competitive pressures that were primarily related to unfavorable economic conditions in its primary market of Brazil and excess global capacity in the industry. The Company’s assessment of future prospects and timing of a recovery under these conditions indicated that its enterprise value was less than $120 million (Flexible Packaging Films’ net assets excluding goodwill), the minimum value needed to have avoided a full write-off of its goodwill. Amortization expense for continuing operations over the next five years is expected to be as follows:
Year | Amount (In Thousands)
2017 | $ | 4,007 |
2018 | 3,873 |
2019 | 3,473 |
2020 | 3,473 |
2021 | 3,360 |

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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=66006027&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=66006027&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=66006027&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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