Changes in Carrying Value of Goodwill |
The changes in
the carrying value of goodwill for the three months ended
November 30, 2012 are as follows (in thousands):
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Industrial |
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Energy |
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Electrical |
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Engineered
Solutions |
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Total |
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Balance as of
August 31, 2012
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$ |
81,404 |
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$ |
259,521 |
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$ |
213,870 |
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$ |
311,617 |
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$ |
866,412 |
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Purchase accounting
adjustments
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— |
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— |
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— |
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87 |
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87 |
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Impact of changes in
foreign currency rates
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1,044 |
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2,020 |
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777 |
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1,358 |
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5,199 |
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Balance as of
November 30, 2012
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$ |
82,448 |
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$ |
261,541 |
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$ |
214,647 |
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$ |
313,062 |
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$ |
871,698 |
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Gross Carrying Amount and Accumulated Amortization of Other Intangible Assets |
The gross
carrying value and accumulated amortization of the Company’s
other intangible assets are as follows (in thousands):
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Weighted |
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November 30,
2012 |
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August 31,
2012 |
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Average |
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Gross |
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Net |
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Gross |
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Net |
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Amortization |
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Carrying |
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Accumulated |
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Book |
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Carrying |
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Accumulated |
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Book |
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Period (Years) |
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Value |
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Amortization |
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Value |
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Value |
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Amortization |
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Value |
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Amortizable intangible
assets:
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Customer
relationships
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15 |
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$ |
349,873 |
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$ |
100,296 |
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$ |
249,577 |
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$ |
347,739 |
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$ |
93,768 |
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$ |
253,971 |
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Patents
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13 |
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53,042 |
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35,865 |
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17,177 |
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52,851 |
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34,842 |
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18,009 |
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Trademarks and
tradenames
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19 |
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43,690 |
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9,357 |
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34,333 |
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43,820 |
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8,670 |
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35,150 |
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Non-compete agreements and
other
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4 |
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7,734 |
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6,590 |
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|
1,144 |
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7,677 |
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6,316 |
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|
1,361 |
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Indefinite lived intangible
assets:
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Tradenames
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N/A |
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|
137,957 |
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— |
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137,957 |
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137,393 |
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— |
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137,393 |
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$ |
592,296 |
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$ |
152,108 |
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$ |
440,188 |
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$ |
589,480 |
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$ |
143,596 |
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$ |
445,884 |
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