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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill

The changes in the carrying amount of goodwill and accumulated impairment (loss) during the six months ended June 30, 2018 and year ended December 31, 2017 were as follows:

 

     Six Months Ended June 30, 2018     Twelve Months Ended December 31, 2017  
     Gross
Carrying
Amount
    Accumulated
Impairment
(Loss)
    Net     Gross
Carrying
Amount
    Accumulated
Impairment
(Loss)
    Net  

Beginning balance at January 1

   $ 735,323     $ (144,276   $ 591,047     $ 727,999     $ (139,414   $ 588,585  

Sale of business(1)

     —         —         —         (3,115     —         (3,115

Impairment loss(2)

     —         —         —         —         (4,862     (4,862

Foreign currency translation

     (2,329     —         (2,329     10,439       —         10,439  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ending balance at June 30, 2018 and December 31, 2017

   $ 732,994     $ (144,276   $ 588,718     $ 735,323     $ (144,276   $ 591,047  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1)

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

(2)

In 2017, the Company recorded an impairment loss of $(4,862) related to the write-off of goodwill 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 June 30, 2018:

   Gross      Impairment
Charges(1)
    Accumulated
Amortization
    Foreign
Currency
Translation
     Net  

Completed technology

   $ 172,431      $ (105   $ (126,383   $ 26      $ 45,969  

Customer relationships

     282,744        (1,406     (54,712     550        227,176  

Patents, trademarks, trade names and other

     110,523        —         (40,985     1        69,539  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 
   $ 565,698      $ (1,511   $ (222,080   $ 577      $ 342,684  
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

 

As of December 31, 2017:

   Gross      Impairment
Charges(1)
    Accumulated
Amortization
    Foreign
Currency
Translation
    Net  

Completed technology

   $ 172,431      $ (105   $ (115,371   $ 333     $ 57,288  

Customer relationships

     282,744        (1,406     (45,518     1,571       237,391  

Patents, trademarks, trade names and other

     110,523        —         (38,730     (74     71,719  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 
   $ 565,698      $ (1,511   $ (199,619   $ 1,830     $ 366,398  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

 

(1)

In 2017, the Company recorded impairment charges of $1,511 related to the write-off of intangible assets as a result of the discontinuation of a product line and consolidation of two manufacturing plants.

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  

2018 (remaining)

   $ 21,475  

2019

     40,182  

2020

     28,152  

2021

     20,272  

2022

     17,645  

2023

     17,280  

Thereafter

     139,195