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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill

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

 

 

 

Nine Months Ended September 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

 

 

(3,186

)

 

 

 

 

 

(3,186

)

 

 

10,439

 

 

 

 

 

 

10,439

 

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

 

$

732,137

 

 

$

(144,276

)

 

$

587,861

 

 

$

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 September 30, 2018:

 

Gross

 

 

Impairment

Charges(1)

 

 

Accumulated

Amortization

 

 

Foreign

Currency

Translation

 

 

Net

 

Completed technology

 

$

172,431

 

 

$

(105

)

 

$

(131,840

)

 

$

 

 

$

40,486

 

Customer relationships

 

 

282,744

 

 

 

(1,406

)

 

 

(59,260

)

 

 

174

 

 

 

222,252

 

Patents, trademarks, trade names and other

 

 

110,523

 

 

 

 

 

 

(41,970

)

 

 

(3

)

 

 

68,550

 

 

 

$

565,698

 

 

$

(1,511

)

 

$

(233,070

)

 

$

171

 

 

$

331,288

 

 

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)

 

$

10,760

 

2019

 

$

40,144

 

2020

 

$

28,125

 

2021

 

$

20,248

 

2022

 

$

17,619

 

2023

 

$

17,253

 

Thereafter

 

$

138,955