Goodwill and Intangible Assets (Tables)
|
12 Months Ended |
Dec. 31, 2016 |
|---|
| Goodwill And Intangible Assets Disclosure [Abstract] |
|
| Summary of changes in goodwill |
A summary of changes in goodwill at December 31, 2016 and January 2, 2016 is as follows:
|
|
|
Hydraulics
|
|
|
Electronics
|
|
|
Total
|
|
|
Balance at December 27, 2014
|
|
$
|
2,439
|
|
|
$
|
2,702
|
|
|
$
|
5,141
|
|
|
Currency translation
|
|
|
(153
|
)
|
|
|
—
|
|
|
|
(153
|
)
|
|
Balance as January 2, 2016
|
|
$
|
2,286
|
|
|
$
|
2,702
|
|
|
$
|
4,988
|
|
|
Acquisitions
|
|
|
—
|
|
|
|
98,667
|
|
|
|
98,667
|
|
|
Currency translation
|
|
|
(72
|
)
|
|
|
—
|
|
|
|
(72
|
)
|
|
Balance as December 31, 2016
|
|
$
|
2,214
|
|
|
$
|
101,369
|
|
|
$
|
103,583
|
|
|
| Schedule of intangible assets |
At December 31, 2016, and January 2, 2016, intangible assets consisted of the following:
|
|
|
|
|
December 31, 2016
|
|
|
January 2, 2016
|
|
|
|
|
Useful life (years)
|
|
Gross carrying
amount
|
|
|
Accumulated amortization
|
|
|
Net carrying
amount
|
|
|
Gross carrying
amount
|
|
|
Accumulated amortization
|
|
|
Net carrying
amount
|
|
|
Definite-lived intangibles:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade Name and Brands
|
|
1 - 20
|
|
$
|
30,774
|
|
|
$
|
(541
|
)
|
|
$
|
30,233
|
|
|
$
|
774
|
|
|
$
|
(340
|
)
|
|
$
|
434
|
|
|
Non-compete Agreements
|
|
2 - 5
|
|
|
950
|
|
|
|
(16
|
)
|
|
|
934
|
|
|
|
11
|
|
|
|
(11
|
)
|
|
|
—
|
|
|
Technology
|
|
7 - 10
|
|
|
18,435
|
|
|
|
(620
|
)
|
|
|
17,815
|
|
|
|
935
|
|
|
|
(304
|
)
|
|
|
631
|
|
|
Supply Agreement
|
|
10
|
|
|
21,000
|
|
|
|
(175
|
)
|
|
|
20,825
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Sales Order Backlog
|
|
1
|
|
|
620
|
|
|
|
(347
|
)
|
|
|
273
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Customer Relationships
|
|
15 - 20
|
|
|
39,751
|
|
|
|
(614
|
)
|
|
|
39,137
|
|
|
|
1,751
|
|
|
|
(363
|
)
|
|
|
1,388
|
|
|
Licensing Agreement
|
|
15
|
|
|
3,727
|
|
|
|
(379
|
)
|
|
|
3,348
|
|
|
|
2,500
|
|
|
|
(140
|
)
|
|
|
2,360
|
|
|
|
|
|
|
$
|
115,257
|
|
|
$
|
(2,692
|
)
|
|
$
|
112,565
|
|
|
$
|
5,971
|
|
|
$
|
(1,158
|
)
|
|
$
|
4,813
|
|
|
| Schedule of estimated amortization expense |
Total amortization expense for the years ended 2016, 2015 and 2014 was approximately $1,545, $385 and $276, respectively. Total estimated amortization expense for the years 2017 through 2021 is presented below.
|
Year:
|
|
|
|
|
|
2017
|
|
$
|
8,421
|
|
|
2018
|
|
|
8,148
|
|
|
2019
|
|
|
8,148
|
|
|
2020
|
|
|
8,148
|
|
|
2021
|
|
|
8,116
|
|
|
Total
|
|
$
|
40,981
|
|
|