| 2. | Goodwill and Other Intangible Assets |
The changes in the carrying amount of goodwill during the years ended December 31, 2013, 2012, and 2011 by reportable segment, as well as other identifiable intangible assets, are summarized as follows (in thousands):
| Goodwill | Other Intangible Assets, Net |
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| Automotive | Industrial | Office Products |
Electrical/ Electronic Materials |
Total | ||||||||||||||||||||
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Balance as of January 1, 2012 |
$ | 43,705 | $ | 99,011 | $ | 10,554 | $ | 24,350 | $ | 177,620 | $ | 102,155 | ||||||||||||
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Additions |
114,206 | — | — | 5,355 | 119,561 | 110,014 | ||||||||||||||||||
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Amortization |
— | — | — | — | — | (12,991 | ) | |||||||||||||||||
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Foreign currency translation |
638 | 221 | — | — | 859 | 621 | ||||||||||||||||||
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Balance as of December 31, 2012 |
158,549 | 99,232 | 10,554 | 29,705 | 298,040 | 199,799 | ||||||||||||||||||
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Additions |
541,836 | 17,420 | — | 11,396 | 570,652 | 379,834 | ||||||||||||||||||
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Amortization |
— | — | — | — | — | (28,987 | ) | |||||||||||||||||
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Foreign currency translation |
(78,205 | ) | (516 | ) | — | — | (78,721 | ) | (51,261 | ) | ||||||||||||||
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Balance as of December 31, 2013 |
$ | 622,180 | $ | 116,136 | $ | 10,554 | $ | 41,101 | $ | 789,971 | $ | 499,385 | ||||||||||||
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The gross carrying amounts and accumulated amortization relating to other intangible assets at December 31, 2013 and 2012 is as follows (in thousands):
| 2013 | 2012 | |||||||||||||||||||||||
| Gross Carrying Amount |
Accumulated Amortization |
Net | Gross Carrying Amount |
Accumulated Amortization |
Net | |||||||||||||||||||
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Customer relationships |
$ | 412,634 | $ | (59,686 | ) | $ | 352,948 | $ | 209,328 | $ | (38,030 | ) | $ | 171,298 | ||||||||||
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Trademarks |
149,949 | (5,018 | ) | 144,931 | 29,337 | (1,944 | ) | 27,393 | ||||||||||||||||
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Non-competition agreements |
7,306 | (5,800 | ) | 1,506 | 4,483 | (3,375 | ) | 1,108 | ||||||||||||||||
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| $ | 569,889 | $ | (70,504 | ) | $ | 499,385 | $ | 243,148 | $ | (43,349 | ) | $ | 199,799 | |||||||||||
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Amortization expense for other intangible assets totaled $28,987,000, $12,991,000, and $6,774,000 for the years ended December 31, 2013, 2012, and 2011, respectively. Estimated other intangible assets amortization expense for the succeeding five years is as follows (in thousands):
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2014 |
$ | 31,000 | ||
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2015 |
30,000 | |||
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2016 |
30,000 | |||
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2017 |
30,000 | |||
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2018 |
29,000 | |||
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| $ | 150,000 | |||
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