4. Intangible Assets, Goodwill and Other

9 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure

4.GOODWILL AND OTHER PURCHASED INTANGIBLE ASSETS

Changes to goodwill by segment were as follows (in millions):



	Life Science			Clinical Diagnostics			Total
Balances as of January 1, 2012:
Goodwill	$	176.8		$	319.3		$	496.1
Accumulated impairment losses	(27.2		)	—			(27.2		)
Goodwill, net	149.6			319.3			468.9

Acquisitions	17.4			4.1			21.5
Final purchase accounting fair value adjustments	(0.6		)	—			(0.6		)
Currency fluctuations	—			(0.4		)	(0.4		)

Balances as of September 30, 2012
Goodwill	193.6			323.0			516.6
Accumulated impairment losses	(27.2		)	—			(27.2		)
Goodwill, net	$	166.4		$	323.0		$	489.4

In conjunction with the purchase of certain assets from Propel Labs, Inc. in August 2012 (see Note 2), we recorded $17.4 million of goodwill and $32.1 million of definite-lived intangible assets: $27.3 million of developed product technology, $4.7 million of covenants not to compete and $0.1 million of other intangible assets.

In conjunction with the acquisition of 100% of the outstanding shares of DiaMed Benelux (see Note 2), we recorded $3.0 million of goodwill and $4.9 million of definite-lived intangible assets: $3.8 million of customer relationships/lists and $1.1 million of tradenames.

In conjunction with the acquisition of certain assets from a raw material supplier in January 2012 (see Note 2), we recorded $1.1 million of goodwill and $5.1 million of definite-lived intangible assets considered developed product technology.

Other than goodwill, we have no significant intangible assets with indefinite lives. Information regarding our identifiable purchased intangible assets with definite lives is as follows (in millions):



	September 30, 2012
	Average Remaining Life (years)	Purchase Price		Accumulated Amortization			Net Carrying Amount
Customer relationships/lists	1-12	$	100.9	$	(35.6	)	$	65.3
Know how	1-14	186.8		(60.6		)	126.2
Developed product technology	1-10	73.8		(22.7		)	51.1
Licenses	1-8	35.6		(18.0		)	17.6
Tradenames	1-10	30.6		(26.7		)	3.9
Covenants not to compete	1-10	8.2		(3.5		)	4.7
Other	1	0.1		—			0.1
		$	436.0	$	(167.1	)	$	268.9



	December 31, 2011
	Average Remaining Life (years)	Purchase Price		Accumulated Amortization			Net Carrying Amount
Customer relationships/lists	1-12	$	98.7	$	(30.9	)	$	67.8
Know how	1-14	187.0		(45.7		)	141.3
Developed product technology	1-11	47.6		(24.6		)	23.0
Licenses	1-9	35.6		(15.7		)	19.9
Tradenames	1-10	29.5		(22.1		)	7.4
Covenants not to compete	1-7	5.8		(5.7		)	0.1
Patents	—	1.0		(1.0		)	—
Other	—	0.1		(0.1		)	—
		$	405.3	$	(145.8	)	$	259.5

Amortization expense related to purchased intangible assets is as follows (in millions):



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011

Amortization expense	$	10.7	$	9.6	$	32.2	$	27.7

- 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.

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