Annual report pursuant to Section 13 and 15(d)

Intangible Assets

v3.7.0.1
Intangible Assets
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
INTANGIBLE ASSETS
We conduct our annual impairment testing of non-amortizing intangible assets during the fourth quarter. The 2016 and 2015 impairment reviews concluded that no impairment charges were necessary. In 2014, we recognized an impairment charge of $10.0 million on our Bruce trademark.

The following table details amounts related to our intangible assets:
 
 
 
December 31, 2016
 
December 31, 2015
 
Estimated Useful Life
 
Gross Carrying Amount
 
Accumulated Amortization
 
Gross Carrying Amount
 
Accumulated Amortization
Amortizing intangible assets
 
 
 
 
 
 
 
 
Land use rights
Various
 
$
5.1

 
$
0.7

 
$
5.4

 
$
0.6

Developed technology
15 years
 
5.6

 
1.4

 
4.9

 
1.1

Other
Various
 
0.2

 
0.2

 
0.2

 
0.2

Subtotal
 
 
10.9

 
$
2.3

 
10.5

 
$
1.9

Non-amortizing intangible assets
 
 
 
 
 
 
 
 
Trademarks and brand names
Indefinite
 
34.0

 
 
 
34.0

 
 
Total
 
 
$
44.9

 
 
 
$
44.5

 
 

 
 
Year Ended December 31,
 
 
2016
 
2015
 
2014
Amortization expense
 
$
0.4

 
$
0.5

 
$
0.5


The expected annual amortization expense for years 2017 through 2021 is $0.4 million.