Goodwill and Other Intangibles
 12 Months Ended
Dec. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangibles
GOODWILL AND OTHER INTANGIBLES

A reconciliation of the change in the carrying value of goodwill is as follows:
 
December 31,
2012
 
December 31,
2011
Balance at beginning of year
$
36,756

 
$
10,171

BNS sale of SWH to Steel Excel
(24,836
)
 
—

Acquisition of Steel Excel
48,468

 
—

Acquisition of Hickman
3,267

 
—

Other acquisitions
154

 
—

Impairment
(192
)
 
—

Acquisition of SWH
—

 
24,836

Acquisition of Tiger Claw
—

 
1,753

Currency translation adjustment
5

 
(4
)
Balance at end of year
$
63,622

 
$
36,756









A summary of intangible assets other than goodwill is summarized as follows:
 
December 31, 2012
 
December 31, 2011
 
Gross Carrying Amount
 
Accumulated Amortization
 
Gross Carrying Amount
 
Accumulated Amortization
Product and customer relationships
$
106,876

 
$
15,242

 
$
93,110

 
$
8,276

Trademarks
24,630

 
2,145

 
23,260

 
850

Patents and technology
19,025

 
4,063

 
18,702

 
2,421

Other
2,446

 
1,182

 
892

 
912

 
$
152,977

 
$
22,632

 
$
135,964

 
$
12,459



Trademarks with indefinite lives as of December 31, 2012 and 2011 were $8,020 and $13,010. In 2012 the Company changed the classification of $4,990 of indefinite life trademarks to trademarks with a life of 5 years. The change resulted from new information obtained during the purchase price valuation analysis for the Company's acquisition of Steel Excel. As a result, the Company recorded additional amortization in 2012 of approximately $582 pre-tax and $361 after tax in Selling general and administrative expenses and Net income from continuing operations, respectively.

Amortization expense related to intangible assets was $10,234, $7,802 and $4,055 for the twelve months ended December 31, 2012, 2011 and 2010, respectively. The estimated amortization expense for each of the five succeeding years and thereafter is as follows:
 
Products and
 
 
 
 
Customer
 
Patents and
 
 
Relationships
Trademarks
Technology
Other
2013
$
7,530

$
1,732

$
1,636

$
169

2014
6,914

1,637

1,636

163

2015
6,466

1,627

1,636

163

2016
5,972

1,618

1,636

45

2017
6,137

941

1,636

35

Thereafter
58,614

14,931

6,782

689

Total
$
91,633

$
22,486

$
14,962

$
1,264