Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill and accumulated impairment (loss) during the three months ended March 31, 2015 and year ended December 31, 2014 were as follows:


	2015									2014
	Gross Carrying Amount			Accumulated Impairment (Loss)			Net			Gross Carrying Amount			Accumulated Impairment (Loss)			Net
Beginning balance at January 1	$	331,795		$	(139,414	)	$	192,381		$	290,323		$	(139,414	)	$	150,909
Acquired goodwill (1)		7,085			—			7,085			41,993			—			41,993
Foreign currency translation		(136	)		—			(136	)		(521	)		—			(521	)

Ending balance at March 31, 2015 and December 31, 2014	$	338,744		$	(139,414	)	$	199,330		$	331,795		$	(139,414	)	$	192,381

(1)

During the first quarter of 2015, the Company recorded $7,085 of goodwill related to the Precisive acquisition. During the second quarter of 2014, the Company recorded $41,612 of goodwill related to the May 30, 2014 acquisition of the Granville-Phillips division of Brooks Automation, Inc. During the first quarter of 2014, the Company recorded a purchase accounting adjustment of $381 related to the March 12, 2013 purchase of Alter S.r.l.

Intangible Assets

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


As of March 31, 2015:	Gross		Accumulated Amortization			Foreign Currency Translation			Net
Completed technology ⁽¹⁾	$	101,200	$	(80,477	)	$	(78	)	$	20,645
Customer relationships ⁽¹⁾		37,251		(13,610	)		228			23,869
Patents, trademarks, trade names and other ⁽¹⁾		30,396		(25,383	)		26			5,039

	$	168,847	$	(119,470	)	$	176		$	49,553

(1)	During the three months ended March 31, 2015, the Company recorded $5,110 of separately identified intangible assets of which $820 was completed technology, $1,430 was customer relationships and $2,860 was trademarks, trade names and other, related to the Precisive acquisition.


As of December 31, 2014:	Gross		Accumulated Amortization			Foreign Currency Translation		Net
Completed technology ⁽²⁾	$	100,380	$	(79,875	)	$	135	$	20,640
Customer relationships ⁽²⁾		35,821		(12,634	)		280		23,467
Patents, trademarks, trade names and other ⁽²⁾		27,536		(25,290	)		36		2,282

	$	163,737	$	(117,799	)	$	451	$	46,389

(2)

During 2014, the Company recorded $38,850 of separately identified intangible assets related to the May 30, 2014 acquisition of the Granville-Phillips division of Brooks Automation, Inc., of which $15,700 was completed technology, $21,250 was customer relationships and $1,900 was trademarks and trade names.

Estimated Amortization Expense

Aggregate amortization expense related to acquired intangibles for the three months ended March 31, 2015 and 2014 was $1,671 and $410, respectively. Estimated amortization expense for each of the remaining fiscal years is as follows:


Year	Amount
2015 (remaining)	$	5,106
2016		6,701
2017		6,628
2018		6,613
2019		6,582
2020		6,514
Thereafter		11,409