|
Goodwill and Intangible Assets (Tables)
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12 Months Ended |
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Dec. 31, 2014
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| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| Changes in Carrying Amount of Goodwill, by Segment |
The following table shows changes in the carrying amount of
goodwill, by segment, from December 31, 2012 to
December 31, 2013 and from December 31, 2013 to
December 31, 2014, respectively:
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Emulsion Polymers |
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Plastics |
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Total |
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| |
|
Latex |
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|
Synthetic
Rubber |
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|
Styrenics |
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|
Engineered
Polymers |
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Balance at December 31, 2012
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|
$ |
14,280 |
|
|
$ |
9,780 |
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|
$ |
8,691 |
|
|
$ |
3,352 |
|
|
$ |
36,103 |
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Divestiture (Note 3)
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|
— |
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|
|
— |
|
|
|
(383 |
) |
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|
— |
|
|
|
(383 |
) |
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Foreign currency impact
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|
|
621 |
|
|
|
425 |
|
|
|
361 |
|
|
|
146 |
|
|
|
1,553 |
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|
|
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Balance at December 31, 2013
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|
$ |
14,901 |
|
|
$ |
10,205 |
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|
$ |
8,669 |
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|
$ |
3,498 |
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|
$ |
37,273 |
|
|
Purchase accounting adjustment (Note 16)*
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|
664 |
|
|
|
455 |
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|
404 |
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|
|
156 |
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|
|
1,679 |
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Foreign currency impact
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|
|
(1,750 |
) |
|
|
(1,199 |
) |
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|
(1,018 |
) |
|
|
(411 |
) |
|
|
(4,378 |
) |
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Balance at December 31, 2014
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|
$ |
13,815 |
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|
$ |
9,461 |
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|
$ |
8,055 |
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$ |
3,243 |
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$ |
34,574 |
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| * |
The purchase price adjustment for the
year ended December 31, 2014 relates to the Company’s
other postretirement benefit obligations provided to its employees
in Brazil. Refer to Note 16 to the consolidated financial
statements for a detailed discussion of this adjustment. |
|
| Schedule of Other Intangible Assets |
The following table provides information regarding the
Company’s other intangible assets as of December 31,
2014 and 2013, respectively:
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December 31, 2014 |
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December 31, 2013 |
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| |
|
Estimated
Useful Life
(Years) |
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|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net |
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|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net |
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|
Developed technology
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|
|
15 |
|
|
$ |
188,854 |
|
|
$ |
(56,782 |
) |
|
$ |
132,072 |
|
|
$ |
210,546 |
|
|
$ |
(49,713 |
) |
|
$ |
160,833 |
|
|
Manufacturing Capacity Rights
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|
|
6 |
|
|
|
23,095 |
|
|
|
(2,809 |
) |
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|
20,286 |
|
|
|
— |
|
|
|
— |
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|
|
— |
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Software
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|
5 |
|
|
|
13,177 |
|
|
|
(6,441 |
) |
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|
6,736 |
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|
11,034 |
|
|
|
(4,099 |
) |
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|
6,935 |
|
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Software in development
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N/A |
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|
6,000 |
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|
|
— |
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|
6,000 |
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|
3,746 |
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|
|
— |
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|
3,746 |
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Other
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N/A |
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|
264 |
|
|
|
— |
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|
264 |
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|
|
— |
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|
— |
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— |
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Total
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|
$ |
231,390 |
|
|
$ |
(66,032 |
) |
|
$ |
165,358 |
|
|
$ |
225,326 |
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|
$ |
(53,812 |
) |
|
$ |
171,514 |
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| Estimated Amortization Expense for Next Five Years |
The following table details the Company’s estimated
amortization expense for the next five years, excluding any
amortization expense related to software currently in
development:
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| Estimated
Amortization Expense for the Next Five Years |
|
| 2015 |
|
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2016 |
|
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2017 |
|
|
2018 |
|
|
2019 |
|
| |
$19,353 |
|
|
$ |
18,788 |
|
|
$ |
17,952 |
|
|
$ |
17,252 |
|
|
$ |
17,000 |
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