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Goodwill and Intangible Assets, Net | 9 Months Ended
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Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | Goodwill and Intangible Assets, Net Goodwill at the dates indicated was as follows:
| At September 30, |  | At December 31,
(in thousands) | 2016 |  | 2015 |  | 2015
North America | $ | 85,988 |  |  | $ | 84,074 |  |  | $ | 85,834 |
Europe | 39,402 |  |  | 37,863 |  |  | 36,720 |
Asia/Pacific | 1,455 |  |  | 1,340 |  |  | 1,396 |
Total | $ | 126,845 |  |  | $ | 123,277 |  |  | $ | 123,950 |
Amortizable and indefinite-lived intangible assets, net, at the dates indicated were as follows:
| At September 30, 2016
| Gross |  |  |  | Net
| Carrying |  | Accumulated |  | Carrying
(in thousands) | Amount |  | Amortization |  | Amount
North America | $ | 27,488 |  |  | $ | (17,347 | ) |  | $ | 10,141 |
Europe | 31,090 |  |  | (16,602 | ) |  | 14,488 |
Total | $ | 58,578 |  |  | $ | (33,949 | ) |  | $ | 24,629 |
| At September 30, 2015
| Gross |  |  |  | Net
(in thousands) | Carrying Amount |  | Accumulated Amortization |  | Carrying Amount
North America | $ | 29,402 |  |  | $ | (17,143 | ) |  | $ | 12,259 |
Europe | 30,070 |  |  | (13,759 | ) |  | 16,311 |
Total | $ | 59,472 |  |  | $ | (30,902 | ) |  | $ | 28,570 |
| At December 31, 2015
| Gross |  |  |  | Net
(in thousands) | Carrying Amount |  | Accumulated Amortization |  | Carrying Amount
North America | $ | 27,475 |  |  | $ | (14,941 | ) |  | $ | 12,534 |
Europe | 29,590 |  |  | (14,449 | ) |  | 15,141 |
Total | $ | 57,065 |  |  | $ | (29,390 | ) |  | $ | 27,675 |
Intangible assets consist of definite-lived and indefinite-lived assets. Definite-lived intangible assets include customer relationships, patents, unpatented technology and non-compete agreements. Amortization expense for definite-lived intangible assets during the three months ended September 30, 2016 and 2015, totaled $1.5 million and $1.5 million, respectively, and during the nine months ended September 30, 2016 and 2015, totaled $4.6 million and $4.6 million, respectively. During the second quarter of 2016, an approximately $1.5 million in-process research and development asset was transferred to definite-lived intangible assets from indefinite-lived intangible assets and is being amortized on a straight-line basis over the asset's useful life. Indefinite-lived intangible asset, consisting of a trade name, totaled $0.6 million at September 30, 2016, and indefinite-lived assets, consisting of an in-process research and development asset and a trade name, totaled $2.2 million at September 30, 2015, and $2.1 million at December 31, 2015. At September 30, 2016, estimated future amortization of definite-lived intangible assets was as follows:
(in thousands) |
Remaining three months of 2016 | $ | 1,589 |
2017 | 4,626 |
2018 | 3,683 |
2019 | 3,654 |
2020 | 3,609 |
2021 | 3,063 |
Thereafter | 3,789 |
| $ | 24,013 |
The changes in the carrying amount of goodwill and intangible assets for the nine months ended September 30, 2016, were as follows:
|  |  | Intangible
(in thousands) | Goodwill |  | Assets
Balance at December 31, 2015 | $ | 123,950 |  |  | $ | 27,675 |
Acquisitions | 1,848 |  |  | 1,212 |
Amortization | — |  |  | (4,558 | )
Foreign exchange | 1,047 |  |  | 300 |
Balance at September 30, 2016 | $ | 126,845 |  |  | $ | 24,629 |

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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