Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill and accumulated impairment (loss) during the nine months ended September 30, 2016 and year ended December 31, 2015 were as follows:


	Nine Months Ended September 30,									Twelve Months Ended December 31,
	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⁾		396,216			—			396,216			8,017			—			8,017
Foreign currency translation		(1,284	)		—			(1,284	)		(695	)		—			(695	)

Ending balance at September 30, 2016 and December 31, 2015	$	734,049		$	(139,414	)	$	594,635		$	339,117		$	(139,414	)	$	199,703

⁽¹⁾

During 2016, the Company recorded $396,216 of goodwill related to the Newport Merger. During 2015, the Company recorded $7,042 of goodwill related to the acquisition of Precisive. During 2015, the Company recorded a purchase accounting adjustment of $975 primarily related to an inventory valuation adjustment related to an acquisition that occurred in 2014.

Intangible Assets

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


As of September 30, 2016:	Gross		Accumulated Amortization			Foreign Currency Translation			Net
Completed technology⁽¹⁾	$	176,586	$	(89,912	)	$	(290	)	$	86,384
Customer relationships⁽¹⁾		280,344		(25,742	)		(954	)		253,648
Patents, trademarks, trade names and other⁽¹⁾		104,824		(31,899	)		(26	)		72,899
In-process research and development⁽¹⁾		6,899		—			(19	)		6,880

	$	568,653	$	(147,553	)	$	(1,289	)	$	419,811


As of December 31, 2015:	Gross		Accumulated Amortization			Foreign Currency Translation			Net
Completed technology ⁽²⁾	$	101,200	$	(82,330	)	$	(272	)	$	18,598
Customer relationships ⁽²⁾		37,251		(16,345	)		10			20,916
Patents, trademarks, trade names and other ⁽²⁾		30,396		(25,888	)		5			4,513

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

⁽¹⁾

During 2016, the Company recorded $399,806 of separately identified intangible assets related to the Newport Merger, of which $75,386 was completed technology, $243,093 was customer relationships, $74,428 was patents, trademarks, trade names and other, and $6,899 was in-process research and development. The Company also recorded $4,302 of unfavorable lease commitments, which is recorded in other liabilities in the balance sheet.

⁽²⁾	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)	$	12,605
2017		42,335
2018		38,287
2019		38,244
2020		34,270
2021		27,276
Thereafter		170,894