XML 86 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Intangible Assets
 12 Months Ended
Dec. 31, 2011
Intangible Assets [Abstract]  
Intangible Assets

NOTE 7:  Intangible Assets

Amortized intangible assets consisted of the following (in thousands):

 

 

                         
    Gross
Carrying
Value		     Accumulated
Amortization		     Net
Carrying
Value		  

Distribution networks

   $ 38,060     $ 21,908     $ 16,152  

Customer contracts and relationships

     14,722       12,648       2,074  

Completed technologies

     670       215       455  

Other

     750       521       229  
   

 

 

    

 

 

    

 

 

  

Balance as of December 31, 2011

   $     54,202     $     35,292     $     18,910  
   

 

 

    

 

 

    

 

 

  

 

                         
       
    Gross
Carrying
Value		     Accumulated
Amortization		     Net
Carrying
Value		  

Distribution networks

   $ 38,060     $ 18,621     $ 19,439  

Customer contracts and relationships

     14,937       12,087       2,850  

Completed technologies

     4,350       3,800       550  

Other

     750       459       291  
   

 

 

    

 

 

    

 

 

  

Balance as of December 31, 2010

   $     58,097     $     34,967     $     23,130  
   

 

 

    

 

 

    

 

 

  

The cost and related amortization of certain fully-amortized completed technology totaling $3,680,000 was removed from these accounts in 2011.

 

Aggregate amortization expense was $4,227,000 in 2011, $5,124,000 in 2010, and $5,879,000 in 2009. Amortization expense included an impairment charge of $1,000,000 in 2009. No impairment charges were recorded in 2011 or 2010. Estimated amortization expense for each of the five succeeding fiscal years and thereafter is as follows (in thousands):

 

 

         

Year Ending December 31,

  

Amount

  

2012

   $ 4,141  

2013

     3,796  

2014

     3,650  

2015

     3,616  

2016

     2,677  

Thereafter

     1,030  
   

 

 

  
    $     18,910  
   

 

 

  

In March 2003, the Company acquired the wafer identification business of Siemens Dematic AG, a subsidiary of Siemens AG and leading supplier of wafer identification systems to semiconductor manufacturers in Europe. A portion of the purchase price was allocated to an intangible asset for relationships with a group of customers (Siemens Customer Relationships) reported under the MVSD segment. In the first quarter of 2009, the Company’s wafer identification business decreased dramatically from the levels experienced in 2008 and it became apparent that a recovery was unlikely to happen before the end of the year. The Company determined that this significant decrease in business was a “triggering event” that required the Company to perform an impairment test of the Siemens Customer Relationships. The Company estimated the fair value of the Siemens Customer Relationships using the income approach on a discounted cash flow basis. The fair value test indicated the Siemens Customer Relationships had a fair value of $300,000 as of April 5, 2009, compared to a carrying value of $1,300,000, resulting in an impairment charge of $1,000,000 recorded in the first quarter of 2009, which is included in “Selling, general, and administrative expenses” on the Consolidated Statements of Operations in 2009. This asset has been fully amortized as of December 31, 2011.