Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2017

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, 2017 and year ended December 31, 2016 were as follows:


	Nine Months Ended September 30, 2017									Twelve Months Ended December 31, 2016
	Gross Carrying Amount			Accumulated Impairment (Loss)			Net			Gross Carrying Amount			Accumulated Impairment (Loss)			Net
Beginning balance at January 1	$	727,999		$	(139,414	)	$	588,585		$	339,117		$	(139,414	)	$	199,703
Acquired goodwill⁽¹⁾		—			—			—			396,027			—			396,027
Sale of business⁽²⁾		(3,115	)		—			(3,115	)		—			—			—
Impairment loss⁽³⁾		—			(4,862	)		(4,862	)		—			—			—
Foreign currency translation		8,491			—			8,491			(7,145	)		—			(7,145	)

Ending balance at September 30, 2017 and December 31, 2016	$	733,375		$	(144,276	)	$	589,099		$	727,999		$	(139,414	)	$	588,585

⁽¹⁾	During 2016, the Company recorded $396,027 of goodwill related to the Newport Merger.

⁽²⁾	In 2017, the Company sold its Data Analytics business and, as a result, charged the related goodwill of $3,115 to the gain on sale of business.

⁽³⁾	In 2017, the Company recorded an impairment loss of $4,862 related to the write-off of goodwill during the nine months ended September 30, 2017, related to the discontinuation of a product line and consolidation of two manufacturing plants.

Intangible Assets

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


As of September 30, 2017:	Gross		Impairment Charges⁽¹⁾			Accumulated Amortization			Foreign Currency Translation			Net
Completed technology	$	176,586	$	(105	)	$	(114,095	)	$	49		$	62,435
Customer relationships		285,044		(1,406	)		(43,397	)		832			241,073
Patents, trademarks, trade names and other		111,723		—			(38,855	)		(42	)		72,826

	$	573,353	$	(1,511	)	$	(196,347	)	$	839		$	376,334

⁽¹⁾	In 2017, the Company recorded impairment charges of $1,511 related to the write-off of intangible assets during the nine months ended September 30, 2017, related to the discontinuation of a product line and consolidation of two manufacturing plants.


As of December 31, 2016:	Gross		Impairment Charges		Accumulated Amortization			Foreign Currency Translation			Net
Completed technology⁽¹⁾	$	176,586	$	—	$	(97,707	)	$	(1,068	)	$	77,811
Customer relationships⁽¹⁾		285,044		—		(29,709	)		(3,404	)		251,931
Patents, trademarks, trade names and other⁽¹⁾		111,723		—		(33,397	)		(64	)		78,262

	$	573,353	$	—	$	(160,813	)	$	(4,536	)	$	408,004

⁽¹⁾

During 2016, the Company recorded $404,506 of separately identified intangible assets related to the Newport Merger, of which $75,386 was completed technology, $247,793 was customer relationships and $81,327 was patents, trademarks, trade names, in-process research and development and other. During 2016, the Company also recorded $4,302 of unfavorable lease commitments, which is recorded in other liabilities in the balance sheet.

Estimated Net Amortization Expense

Aggregate net amortization expense related to acquired intangible assets and unfavorable lease commitments for future years is as follows:


Year	Amount
2017 (remaining)	$	10,767
2018		43,273
2019		40,160
2020		28,115
2021		20,302
2022		17,621
Thereafter		157,010