XML 34 R13.htm IDEA: XBRL DOCUMENT v3.20.2
Goodwill and Other Intangibles
6 Months Ended
Jun. 27, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangibles
6
 Goodwill and Other Intangibles
The carrying amount of goodwill was $427 million and $356 million at June 27, 2020 and December 31, 2019, respectively. The acquisition of Andrew Alliance increased goodwill by $72 million while the effect of foreign currency translation decreased goodwill by $1 million.
The Company’s intangible assets included in the consolidated balance sheets are detailed as follows (dollars in thousands):
 
 
June 27, 2020
   
December 31, 2019
 
    
Gross
Carrying
Amount
    
Accumulated
Amortization
    
Weighted-
Average
Amortization
Period
    
Gross
Carrying
Amount
    
Accumulated
Amortization
    
Weighted-
Average
Amortization
Period
 
Capitalized software
  $
512,047
    $
356,036
     
5
 years
    $
481,986
    $
333,255
     
5
 years
 
Purchased intangibles
   
207,733
     
156,065
     
11
 years
     
200,523
     
151,722
     
11
 years
 
Trademarks and IPR&D
   
13,601
     
—  
     
—  
     
13,782
     
—  
     
—  
 
Licenses
   
5,483
     
5,195
     
6
 years
     
5,669
     
5,298
     
6
 years
 
Patents and other intangibles
   
84,453
     
57,028
     
8
 years
     
83,035
     
54,517
     
8
 years
 
                                                 
Total
  $
823,317
    $
574,324
     
7
 years
    $
784,995
    $
544,792
     
7
 years
 
                                                 
The gross carrying value of intangible assets and accumulated amortization for intangible assets
in
creased by $4 million and $3 million, respectively, in the six months ended June 27, 2020 due to the effects of foreign currency translation. Amortization expense for intangible assets was $14 million and $12 million for the three months ended June 27, 2020 and June 29, 2019, respectively. Amortization expense for intangible assets was $27 million
and $25 million
for the six months ended June 27, 2020 and June 29, 2019
, respectively.
Amortization expense for intangible assets is estimated to be $51 million per year for each of the next five years.