The changes in the carrying value of goodwill by segment for the years ended December 31, 2016 and 2015 are as follows:
|
|
|
Couplings, Clutches & Brakes |
|
|
Electromagnetic Clutches & Brakes |
|
|
Gearing |
|
|
Total |
|
||||
|
Net goodwill balance January 1, 2015 |
|
$ |
28,464 |
|
|
$ |
25,142 |
|
|
$ |
48,481 |
|
|
$ |
102,087 |
|
|
Impact of changes in foreign currency and other |
|
|
(3,174 |
) |
|
|
(481 |
) |
|
|
(1,123 |
) |
|
|
(4,778 |
) |
|
Net goodwill balance December 31, 2015 |
|
|
25,290 |
|
|
|
24,661 |
|
|
|
47,358 |
|
|
|
97,309 |
|
|
Acquisition of Stromag |
|
|
80,340 |
|
|
|
12,785 |
|
|
|
- |
|
|
|
93,125 |
|
|
Impact of changes in foreign currency and other |
|
|
(1,165 |
) |
|
|
(285 |
) |
|
|
(143 |
) |
|
|
(1,593 |
) |
|
Net goodwill balance December 31, 2016 |
|
$ |
104,465 |
|
|
$ |
37,161 |
|
|
$ |
47,215 |
|
|
$ |
188,841 |
|