Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.10.0.1
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The changes in the carrying amount of goodwill for the years ended December 31, 2018 and 2017 is summarized as follows:
 
 
Environmental
Catalysts &
Services
 
Performance
Materials &
Chemicals
 
Total 
Balance as of December 31, 2016
 
$
388,923

 
$
852,506

 
$
1,241,429

Goodwill recognized
 
—

 
37,584

 
37,584

Foreign exchange impact
 
2,410

 
24,533

 
26,943

Balance as of December 31, 2017
 
$
391,333

 
$
914,623

 
$
1,305,956

Goodwill recognized
 
—

 
649

 
649

Goodwill adjustments(1)
 
—

 
(34,811
)
 
(34,811
)
Foreign exchange impact and other
 
(1,682
)
 
(15,183
)
 
(16,865
)
Balance as of December 31, 2018
 
$
389,651

 
$
865,278

 
$
1,254,929

 
 
 
 
 
 
 

 
(1) 
Represents the measurement period adjustments on the net assets acquired as part of the Acquisition (see Note 8 to these consolidated financial statements for further information regarding the Acquisition).
Schedule of Finite-Lived Intangible Assets
Gross carrying amounts and accumulated amortization for intangible assets other than goodwill are as follows:
 
December 31, 2018
 
December 31, 2017
 
Gross
Carrying
Amount
Accumulated
Amortization
Net
Balance
 
Gross
Carrying
Amount
Accumulated
Amortization
Net
Balance
Technical know-how
$
211,067

$
(32,112
)
$
178,955

 
$
212,599

$
(21,138
)
$
191,461

Customer relationships
361,150

(95,399
)
265,751

 
366,021

(63,860
)
302,161

Contracts
19,800

(13,139
)
6,661

 
19,800

(9,205
)
10,595

Trademarks
36,657

(6,451
)
30,206

 
35,202

(3,911
)
31,291

Permits
9,100

(7,432
)
1,668

 
9,100

(5,612
)
3,488

Total definite-lived intangible assets
637,774

(154,533
)
483,241

 
642,722

(103,726
)
538,996

Indefinite-lived trade names
157,813

—

157,813

 
158,059

—

158,059

Indefinite-lived trademarks
80,582

—

80,582

 
82,289

—

82,289

In-process research and development
6,800

—

6,800

 
6,800

—

6,800

Total intangible assets
$
882,969

$
(154,533
)
$
728,436

 
$
889,870

$
(103,726
)
$
786,144

 
 

 

 

 
 

 

 
Schedule of Indefinite-Lived Intangible Assets
Gross carrying amounts and accumulated amortization for intangible assets other than goodwill are as follows:
 
December 31, 2018
 
December 31, 2017
 
Gross
Carrying
Amount
Accumulated
Amortization
Net
Balance
 
Gross
Carrying
Amount
Accumulated
Amortization
Net
Balance
Technical know-how
$
211,067

$
(32,112
)
$
178,955

 
$
212,599

$
(21,138
)
$
191,461

Customer relationships
361,150

(95,399
)
265,751

 
366,021

(63,860
)
302,161

Contracts
19,800

(13,139
)
6,661

 
19,800

(9,205
)
10,595

Trademarks
36,657

(6,451
)
30,206

 
35,202

(3,911
)
31,291

Permits
9,100

(7,432
)
1,668

 
9,100

(5,612
)
3,488

Total definite-lived intangible assets
637,774

(154,533
)
483,241

 
642,722

(103,726
)
538,996

Indefinite-lived trade names
157,813

—

157,813

 
158,059

—

158,059

Indefinite-lived trademarks
80,582

—

80,582

 
82,289

—

82,289

In-process research and development
6,800

—

6,800

 
6,800

—

6,800

Total intangible assets
$
882,969

$
(154,533
)
$
728,436

 
$
889,870

$
(103,726
)
$
786,144

 
 

 

 

 
 

 

 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Estimated future aggregate amortization expense of intangible assets is as follows:
Year 
 
Amount 
2019
 
$
50,652

2020
 
47,101

2021
 
46,159

2022
 
46,092

2023
 
42,175

Thereafter
 
251,062

Total estimated future aggregate amortization expense
 
$
483,241