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Goodwill, Net (Tables)
 12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the years ended December 31, 2016, 2015 and 2014 are as follows:

 

     Precision
Bearing
Components
Group		      Autocam
Precision
Components
Group		      Precision
Engineered
Products
Group		      Total  

Balance as of December 31, 2014

    $ 9,949      $ 73,992      $ —        $ 83,941  

Currency impacts

      (838 )       —          —          (838 ) 

Goodwill acquired in acquisition

      —          —          366,795        366,795  
  

 

 

     

 

 

     

 

 

     

 

 

  

Balance as of December 31, 2015

    $ 9,111      $ 73,992      $ 366,795      $ 449,898  

Currency impacts

      (202 )       (601 )       (2,051 )       (2,854 ) 

Adjustments to goodwill

      —          —          (1,805 )       (1,805 ) 

Other adjustments (a)

      —          (2,674 )       7,746        5,072  
  

 

 

     

 

 

     

 

 

     

 

 

  

Balance as of December 31, 2016

    $ 8,909      $ 70,717      $ 370,685      $ 450,311  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(a) During the year ended December 31, 2016, the Company identified certain prior period errors primarily relating to the initial recognition of goodwill and deferred taxes in purchase accounting (see Note 13) and the subsequent foreign currency translation of goodwill. The Company has determined that such errors were not material to the previously issued financial statements and therefore has corrected for such errors in 2016 as reflected above.