Goodwill and Other Intangible Assets (Tables)
|
12 Months Ended |
Dec. 31, 2017 |
|---|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| Schedule of Goodwill |
The changes in the carrying amount of goodwill for the years ended December 31, 2017 and 2016 is summarized as follows:
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Performance
Materials &
Chemicals |
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Environmental
Catalysts &
Services |
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Total
|
Balance as of January 1, 2016 |
|
$ |
— |
|
|
$ |
311,892 |
|
|
$ |
311,892 |
|
Goodwill recognized |
|
876,844 |
|
|
81,683 |
|
|
958,527 |
|
Foreign exchange impact |
|
(24,338 |
) |
|
(4,652 |
) |
|
(28,990 |
) |
Balance as of December 31, 2016 |
|
$ |
852,506 |
|
|
$ |
388,923 |
|
|
$ |
1,241,429 |
|
Goodwill recognized |
|
37,584 |
|
|
— |
|
|
37,584 |
|
Foreign exchange impact |
|
24,533 |
|
|
2,410 |
|
|
26,943 |
|
Balance as of December 31, 2017 |
|
$ |
914,623 |
|
|
$ |
391,333 |
|
|
$ |
1,305,956 |
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| Schedule of Finite-Lived Intangible Assets |
Gross carrying amounts and accumulated amortization for intangible assets other than goodwill are as follows:
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December 31, 2017 |
|
December 31, 2016 |
|
Gross
Carrying
Amount
|
Accumulated
Amortization |
Foreign
Exchange
Impact
|
Net
Balance |
|
Gross
Carrying
Amount
|
Accumulated
Amortization |
Impairment Charge |
Foreign Exchange Impact |
Net
Balance
|
Technical know-how |
$ |
214,290 |
|
$ |
(21,138 |
) |
$ |
(1,691 |
) |
$ |
191,461 |
|
|
$ |
214,290 |
|
$ |
(10,029 |
) |
$ |
— |
|
$ |
(7,855 |
) |
$ |
196,406 |
|
Customer relationships |
368,000 |
|
(63,860 |
) |
(1,979 |
) |
302,161 |
|
|
368,000 |
|
(31,199 |
) |
— |
|
(11,064 |
) |
325,737 |
|
Contracts |
19,800 |
|
(9,205 |
) |
— |
|
10,595 |
|
|
19,800 |
|
(3,658 |
) |
— |
|
— |
|
16,142 |
|
Trademarks |
35,400 |
|
(3,911 |
) |
(198 |
) |
31,291 |
|
|
35,400 |
|
(1,573 |
) |
— |
|
(567 |
) |
33,260 |
|
Permits |
9,100 |
|
(5,612 |
) |
— |
|
3,488 |
|
|
9,100 |
|
(3,792 |
) |
— |
|
— |
|
5,308 |
|
Total definite-lived intangible assets |
646,590 |
|
(103,726 |
) |
(3,868 |
) |
538,996 |
|
|
646,590 |
|
(50,251 |
) |
— |
|
(19,486 |
) |
576,853 |
|
Indefinite-lived trade names |
159,027 |
|
— |
|
(968 |
) |
158,059 |
|
|
165,900 |
|
— |
|
(6,873 |
) |
(5,105 |
) |
153,922 |
|
Indefinite-lived trademarks |
82,900 |
|
— |
|
(611 |
) |
82,289 |
|
|
82,900 |
|
— |
|
— |
|
(3,902 |
) |
78,998 |
|
In-process research and development |
6,800 |
|
— |
|
— |
|
6,800 |
|
|
6,800 |
|
— |
|
— |
|
— |
|
6,800 |
|
Total intangible assets |
$ |
895,317 |
|
$ |
(103,726 |
) |
$ |
(5,447 |
) |
$ |
786,144 |
|
|
$ |
902,190 |
|
$ |
(50,251 |
) |
$ |
(6,873 |
) |
$ |
(28,493 |
) |
$ |
816,573 |
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| Schedule of Indefinite-Lived Intangible Assets |
Gross carrying amounts and accumulated amortization for intangible assets other than goodwill are as follows:
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December 31, 2017 |
|
December 31, 2016 |
|
Gross
Carrying
Amount
|
Accumulated
Amortization |
Foreign
Exchange
Impact
|
Net
Balance |
|
Gross
Carrying
Amount
|
Accumulated
Amortization |
Impairment Charge |
Foreign Exchange Impact |
Net
Balance
|
Technical know-how |
$ |
214,290 |
|
$ |
(21,138 |
) |
$ |
(1,691 |
) |
$ |
191,461 |
|
|
$ |
214,290 |
|
$ |
(10,029 |
) |
$ |
— |
|
$ |
(7,855 |
) |
$ |
196,406 |
|
Customer relationships |
368,000 |
|
(63,860 |
) |
(1,979 |
) |
302,161 |
|
|
368,000 |
|
(31,199 |
) |
— |
|
(11,064 |
) |
325,737 |
|
Contracts |
19,800 |
|
(9,205 |
) |
— |
|
10,595 |
|
|
19,800 |
|
(3,658 |
) |
— |
|
— |
|
16,142 |
|
Trademarks |
35,400 |
|
(3,911 |
) |
(198 |
) |
31,291 |
|
|
35,400 |
|
(1,573 |
) |
— |
|
(567 |
) |
33,260 |
|
Permits |
9,100 |
|
(5,612 |
) |
— |
|
3,488 |
|
|
9,100 |
|
(3,792 |
) |
— |
|
— |
|
5,308 |
|
Total definite-lived intangible assets |
646,590 |
|
(103,726 |
) |
(3,868 |
) |
538,996 |
|
|
646,590 |
|
(50,251 |
) |
— |
|
(19,486 |
) |
576,853 |
|
Indefinite-lived trade names |
159,027 |
|
— |
|
(968 |
) |
158,059 |
|
|
165,900 |
|
— |
|
(6,873 |
) |
(5,105 |
) |
153,922 |
|
Indefinite-lived trademarks |
82,900 |
|
— |
|
(611 |
) |
82,289 |
|
|
82,900 |
|
— |
|
— |
|
(3,902 |
) |
78,998 |
|
In-process research and development |
6,800 |
|
— |
|
— |
|
6,800 |
|
|
6,800 |
|
— |
|
— |
|
— |
|
6,800 |
|
Total intangible assets |
$ |
895,317 |
|
$ |
(103,726 |
) |
$ |
(5,447 |
) |
$ |
786,144 |
|
|
$ |
902,190 |
|
$ |
(50,251 |
) |
$ |
(6,873 |
) |
$ |
(28,493 |
) |
$ |
816,573 |
|
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
Estimated future aggregate amortization expense of intangible assets is as follows:
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Year
|
|
Amount
|
2018 |
|
$ |
51,883 |
|
2019 |
|
50,914 |
|
2020 |
|
47,363 |
|
2021 |
|
46,421 |
|
2022 |
|
46,354 |
|
Thereafter |
|
296,061 |
|
Total estimated future aggregate amortization expense |
|
$ |
538,996 |
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