Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2014

Goodwill And Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill and accumulated impairment (loss) during the six months ended June 30, 2014 and twelve months ended December 31, 2013 were as follows:


	2014							2013
	Gross Carrying Amount		Accumulated Impairment (Loss)			Net		Gross Carrying Amount		Accumulated Impairment (Loss)			Net
Beginning balance at January 1	$	290,323	$	(139,414	)	$	150,909	$	290,147	$	(139,414	)	$	150,733
Acquired goodwill⁽¹⁾		41,793		—			41,793		—		—			—
Foreign currency translation		348		—			348		176		—			176

Ending balance at June 30, 2014 and December 31, 2013	$	332,464	$	(139,414	)	$	193,050	$	290,323	$	(139,414	)	$	150,909

(1)	During the second quarter of 2014, the Company recorded $41,412 of goodwill related to the May 30, 2014 GP acquisition. During the first quarter of 2014, the Company recorded a purchase accounting adjustment for $381 related to the March 12, 2013 purchase of Alter S.r.l.

Goodwill Associated with Reportable Segments

Goodwill associated with each of our reportable segments is as follows:


	June 30, 2014		December 31, 2013
Reportable segment:
Advanced Manufacturing Capital Equipment	$	184,382	$	142,241
Analytical Solutions Group		8,668		8,668
Europe Region Sales & Service		—		—
Asia Region Sales & Service		—		—

Total goodwill	$	193,050	$	150,909

Intangible Assets

Components of the Company’s intangible assets are comprised of the following:


As of June 30, 2014:	Gross		Accumulated Amortization			Foreign Currency Translation		Net
Completed technology⁽¹⁾	$	100,380	$	(78,640	)	$	662	$	22,402
Customer relationships⁽¹⁾		35,821		(10,581	)		631		25,871
Patents, trademarks, trade names and other⁽¹⁾		27,736		(25,087	)		90		2,739

	$	163,937	$	(114,308	)	$	1,383	$	51,012

(1)	During the second quarter of 2014, the Company recorded $39,050 of separately identified intangible assets of which $15,700 was completed technology, $21,250 was customer relationships and $2,100 was trademarks and trade names, relating to the May 30, 2014 GP acquisition.


As of December 31, 2013:	Gross		Accumulated Amortization			Foreign Currency Translation		Net
Completed technology	$	84,680	$	(78,072	)	$	519	$	7,127
Customer relationships		14,571		(9,831	)		454		5,194
Patents, trademarks, trade names and other		25,636		(24,951	)		84		769

	$	124,887	$	(112,854	)	$	1,057	$	13,090

Estimated Amortization Expense

Aggregate amortization expense related to acquired intangibles for the three and six months ended June 30, 2014 were $1,044 and $1,454, respectively. Aggregate amortization expense related to acquired intangibles for the three and six months ended June 30, 2013 were $742 and $1,176, respectively. Estimated amortization expense for each of the remaining fiscal years is as follows:


Year	Amount
2014 (remaining)	$	3,590
2015		6,615
2016		6,346
2017		6,314
2018		6,305
Thereafter		21,842