XML 52 R31.htm IDEA: XBRL DOCUMENT v3.4.0.3
Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill

The changes in the carrying amount of goodwill and accumulated impairment (loss) during the three months ended March 31, 2016 and year ended December 31, 2015 were as follows:

 

     2016      2015  
     Gross
Carrying
Amount
     Accumulated
Impairment
(Loss)
    Net      Gross
Carrying
Amount
    Accumulated
Impairment
(Loss)
    Net  

Beginning balance at January 1

   $ 339,117       $ (139,414   $ 199,703       $ 331,795      $ (139,414   $ 192,381   

Acquired goodwill(1)

     —           —             8,017        —          8,017   

Foreign currency translation

     296         —          296         (695     —          (695
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

Ending balance at March 31, 2016 and December 31, 2015

   $ 339,413       $ (139,414   $ 199,999       $ 339,117      $ (139,414   $ 199,703   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

 

 

(1) During 2015, the Company recorded $7,042 of goodwill related to the acquisition of Precisive. During the second quarter of 2015, the Company recorded a purchase accounting adjustment of $975 primarily related to an inventory valuation adjustment related to the acquisition of Granville-Phillips.
Intangible Assets

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

 

As of March 31, 2016:

   Gross      Accumulated
Amortization
     Foreign
Currency
Translation
     Net  

Completed technology

   $ 101,200       $ (82,939    $ (142    $ 18,119   

Customer relationships

     37,251         (17,251      105         20,105   

Patents, trademarks, trade names and other(1)

     30,396         (26,056      11         4,351   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 168,847       $ (126,246    $ (26    $ 42,575   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

As of December 31, 2015

   Gross      Accumulated
Amortization
     Foreign
Currency
Translation
     Net  

Completed technology (1)

   $ 101,200       $ (82,330    $ (272    $ 18,598   

Customer relationships (1)

     37,251         (16,345      10         20,916   

Patents, trademarks, trade names and other (1)

     30,396         (25,888      5         4,513   
  

 

 

    

 

 

    

 

 

    

 

 

 
   $ 168,847       $ (124,563    $ (257    $ 44,027   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

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

Estimated amortization expense for each of the remaining fiscal years is as follows:

 

Year

   Amount  

2016 (remaining)

   $ 4,990   

2017

     6,601   

2018

     6,586   

2019

     6,543   

2020

     6,489   

2021

     4,709   

Thereafter

     6,657