4. Intangible Assets, Goodwill and Other

12 Months Ended

Dec. 31, 2015

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):



	2015									2014
	Life Science			Clinical Diagnostics			Total			Life Science			Clinical Diagnostics			Total
Balances as of January 1:
Goodwill	$	207.7		$	320.9		$	528.6		$	209.0		$	337.0		$	546.0
Accumulated impairment losses and write-offs	(27.2		)	(1.0		)	(28.2		)	(27.2		)	(1.0		)	(28.2		)
Goodwill, net	180.5			319.9			500.4			181.8			336.0			517.8
Acquisitions	—			—			—			—			13.5			13.5
Currency fluctuations	(0.5		)	(4.0		)	(4.5		)	(1.3		)	(29.6		)	(30.9		)
Balances as of December 31:
Goodwill	207.2			316.9			524.1			207.7			320.9			528.6
Accumulated impairment losses and write-offs	(27.2		)	(1.0		)	(28.2		)	(27.2		)	(1.0		)	(28.2		)
Goodwill, net	$	180.0		$	315.9		$	495.9		$	180.5		$	319.9		$	500.4

In conjunction with the acquisition of 100% of the outstanding stock of GnuBIO, Inc. in our Clinical Diagnostics segment in April 2014, we recorded $13.5 million of goodwill and $46.4 million of in-process research and development, an indefinite-lived intangible asset.

Information regarding our identifiable purchased intangible assets with definite and indefinite lives is as follows (in millions):



	December 31, 2015
	Average Remaining Life (years)	Purchase Price		Accumulated Amortization			Net Carrying Amount
Customer relationships/lists	2-10	$	84.7	$	(46.8	)	$	37.9
Know how	1-10	184.0		(121.6		)	62.4
Developed product technology	4-12	101.3		(48.9		)	52.4
Licenses	3-10	39.2		(28.5		)	10.7
Tradenames	5-9	3.5		(2.4		)	1.1
Covenants not to compete	3-7	4.8		(1.7		)	3.1
Total definite-lived intangible assets		417.5		(249.9		)	167.6
In-process research and development		46.4		—			46.4
Total purchased intangible assets		$	463.9	$	(249.9	)	$	214.0



	December 31, 2014
	Average Remaining Life (years)	Purchase Price		Accumulated Amortization			Net Carrying Amount
Customer relationships/lists	3-10	$	89.4	$	(43.0	)	$	46.4
Know how	1-11	184.7		(102.5		)	82.2
Developed product technology	5-12	103.9		(42.8		)	61.1
Licenses	1-11	39.4		(26.5		)	12.9
Tradenames	1-10	3.6		(2.1		)	1.5
Covenants not to compete	3-8	4.9		(1.2		)	3.7
Total definite-lived intangible assets		425.9		(218.1		)	207.8
In-process research and development		46.4		—			46.4
Total purchased intangible assets		$	472.3	$	(218.1	)	$	254.2

No material impairment losses related to purchased intangible assets were recorded in 2015. In 2014, we impaired licenses of a discontinued product line in the amount of $6.4 million. The impairment charge included $5.8 million in Cost of goods sold and $0.6 million in Research and development expense in the accompanying Consolidated Statements of Income.

Amortization expense related to purchased intangible assets for the years ended December 31, 2015, 2014 and 2013 was $36.5 million, $47.8 million and $45.0 million, respectively. Estimated future amortization expense (based on existing purchased intangible assets, not including IPR&D) for the years ending December 31, 2016, 2017, 2018, 2019, 2020 and thereafter is $33.3 million, $25.0 million, $22.1 million, $19.3 million, $17.3 million, and $53.9 million, respectively.

- 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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