GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2016
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]  
Changes in carrying value of goodwill classified by segment reporting structure
The changes in the carrying value of goodwill classified by our segment reporting structure for the years ended December 31, 2016 and 2015 are as follows:

  
Total
  
North America
  
Asia
  
Europe
 
             
Balance at January 1, 2015
            
   Goodwill, gross
  
145,310
   
69,380
   
50,052
   
25,878
 
   Accumulated impairment charges
  
(26,941
)
  
(14,066
)
  
(12,875
)
  
-
 
   Goodwill, net
 
$
118,369
  
$
55,314
  
$
37,177
  
$
25,878
 
                 
Measurement period adjustments
  
4,590
   
(6,016
)
  
4,351
   
6,255
 
Foreign currency translation
  
(1,325
)
  
-
   
129
   
(1,454
)
                 
Balance at December 31, 2015:
                
   Goodwill, gross
  
148,575
   
63,364
   
54,532
   
30,679
 
   Accumulated impairment charges
  
(26,941
)
  
(14,066
)
  
(12,875
)
  
-
 
   Goodwill, net
 
$
121,634
  
$
49,298
  
$
41,657
  
$
30,679
 
                 
Impairment charge
  
(101,650
)
  
(40,408
)
  
(41,633
)
  
(19,609
)
Foreign currency translation
  
(2,033
)
  
-
   
(24
)
  
(2,009
)
                 
Balance at December 31, 2016:
                
   Goodwill, gross
  
146,542
   
63,364
   
54,508
   
28,670
 
   Accumulated impairment charges
  
(128,591
)
  
(54,474
)
  
(54,508
)
  
(19,609
)
   Goodwill, net
 
$
17,951
  
$
8,890
  
$
-
  
$
9,061
 
Excess of estimated fair values over carrying value including goodwill
The excess of estimated fair values over carrying value, including goodwill for each of our reporting units that had goodwill as of the 2016 annual impairment test were as follows:
 
Reporting Unit
 
% by Which Estimated Fair Value Exceeds Carrying Value
North America
 
13%
Europe
 
30%
Fair Value Inputs, Assets, Quantitative Information [Line Items]  
Components of definite and indefinite-lived intangible assets
The components of definite and indefinite-lived intangible assets are as follows:


  
December 31, 2016
  
December 31, 2015
 
  
Gross Carrying
  
Accumulated
  
Net Carrying
  
Gross Carrying
  
Accumulated
  
Net Carrying
 
  
Amount
  
Amortization
  
Amount
  
Amount
  
Amortization
  
Amount
 
                   
Patents, licenses and technology
 
$
38,658
  
$
11,276
  
$
27,382
  
$
39,388
  
$
7,932
  
$
31,456
 
Customer relationships
  
43,821
   
8,302
   
35,519
   
44,894
   
5,735
   
39,159
 
Non-compete agreements
  
2,667
   
2,376
   
291
   
2,753
   
1,838
   
915
 
Trademarks
  
11,677
   
41
   
11,636
   
16,338
   
41
   
16,297
 
                         
  
$
96,823
  
$
21,995
  
$
74,828
  
$
103,373
  
$
15,546
  
$
87,827
 
Estimated amortization expense for intangible assets
Estimated amortization expense for intangible assets for the next five years is as follows:
 
December 31,
 
Amortization Expense
 
    
2017
 
$
6,521
 
2018
  
6,229
 
2019
  
6,229
 
2020
  
6,197
 
2021
  
6,196
 
Goodwill [Member]  
Fair Value Inputs, Assets, Quantitative Information [Line Items]  
Schedule of underlying assumptions utilized in fair value
The table below shows the range of assumptions utilized across the various reporting units.

 
 
 
Goodwill Impairment Analysis
 
 
 
Key Assumptions
 
 
2016 - Interim
 
2015 - Annual
 
 
 
 
 
 
Income Approach - Discounted Cash Flows (a):
 
 
 
 
 
Revenue 5-year compound annual growth rate (CAGR)
 
(9.0%) - (0.6%)
 
2.6% - 2.7%
 
2016 EBITDA margins (b)
 
 5.1% - 6.6%
 
 7.2% - 8.4%
 
Cost of equity capital
 
 11.6% - 14.7%
 
 12.3% - 16.5%
 
Cost of debt capital
 
 3.6% - 8.5%
 
 2.4% - 5.9%
 
Weighted average cost of capital
 
10.0% - 14.0%
 
11.0% - 15.0%
 
 
 
 
 
 
Market Approach - Multiples of Guideline Companies (a):
 
 
 
 
 
Net operating revenue multiples used
 
0.4 - 0.6
 
0.4 - 0.5
 
Operating EBITDA multiples used (b)
 
5.9 - 6.3
 
5.0 - 5.3
 
Invested capital control premium
 
25%
 
25%
 
 
 
 
 
 
Weighting of Valuation Methods:
 
 
 
 
 
Income Approach - Discounted Cash Flows
 
75%
 
75%
 
Market Approach - Multiples of Guideline Companies
 
25%
 
25%
 
 
 
 
 
 
 
(a) Ranges noted reflect assumptions and multiples used throughout the North America, Asia and Europe reporting units
 
(b) EBITDA represents earnings before interest, taxes, depreciation and amortization.  EBITDA margin is calculated by
 
      dividing EBITDA by net sales.
 
 
 
 
Trademarks [Member]  
Fair Value Inputs, Assets, Quantitative Information [Line Items]  
Schedule of underlying assumptions utilized in fair value
The table below shows the range of assumptions utilized across the Company's various trademarks.
 
 
 
Trademark Impairment Analysis
 
 
Key Assumptions
 
2016 - Interim
 
2015 - Annual
 
 
 
 
 
Revenue 5-year compound annual growth rate (CAGR)
 
(0.4%) - 2.7%
 
0.2% - 4.0%
Estimated fair royalty rate
 
 0.25% - 1.5%
 
 0.5% - 2.0%
Discount rate
 
 11.0% - 15.0%
 
 12.0% - 14.0%