XML 34 R22.htm IDEA: XBRL DOCUMENT v3.7.0.1
4. Intangible Assets, Goodwill and Other (Tables)
 6 Months Ended
Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes to goodwill by segment Changes to goodwill by segment were as follows (in millions):
 
Life
Science
 
Clinical
Diagnostics
 
Total
Balances as of January 1, 2017:
 
 
 
 
 
Goodwill
$
207.1

 
$
311.7

 
$
518.8

Accumulated impairment losses
(27.2
)
 
(14.5
)
 
(41.7
)
Goodwill, net
179.9

 
297.2

 
477.1

 
 
 
 
 
 
Acquisitions
36.2

 
—

 
36.2

Currency fluctuations
0.4

 
16.6

 
17.0

 
 
 
 
 
 
Balances as of June 30, 2017:
 
 
 
 
 
Goodwill
243.7

 
328.3

 
572.0

Accumulated impairment losses
(27.2
)
 
(14.5
)
 
(41.7
)
Goodwill, net
$
216.5

 
$
313.8

 
$
530.3



In conjunction with the purchase of all the issued and outstanding stock of RainDance Technologies, Inc. in February 2017 (see Note 2, "Acquisitions), we recorded $36.2 million of goodwill and $35.0 million for licenses.
Schedule of identifiable purchased intangible assets with definite lives Information regarding our identifiable purchased intangible assets with definite lives is as follows (in millions):
 
June 30, 2017
 
Average
Remaining
Life (years)
 
Purchase
Price
 
Accumulated
Amortization
 
Net
Carrying
Amount
Customer relationships/lists
1-8
 
$
90.0

 
$
(59.5
)
 
$
30.5

Know how
1-9
 
190.2

 
(149.2
)
 
41.0

Developed product technology
2-12
 
129.8

 
(63.3
)
 
66.5

Licenses
2-14
 
74.8

 
(33.9
)
 
40.9

Tradenames
4-7
 
3.6

 
(2.7
)
 
0.9

Covenants not to compete
2-9
 
7.9

 
(2.9
)
 
5.0

     Total definite-lived intangible assets
 
 
$
496.3

 
$
(311.5
)
 
$
184.8


 
December 31, 2016
 
Average
Remaining
Life (years)
 
Purchase
Price
 
Accumulated
Amortization
 
Net
Carrying
Amount
Customer relationships/lists
1-8
 
$
84.4

 
$
(52.8
)
 
$
31.6

Know how
1-9
 
182.6

 
(136.9
)
 
45.7

Developed product technology
3-12
 
125.9

 
(56.3
)
 
69.6

Licenses
1-9
 
39.0

 
(30.6
)
 
8.4

Tradenames
4-8
 
3.5

 
(2.5
)
 
1.0

Covenants not to compete
2-9
 
7.8

 
(2.5
)
 
5.3

     Total definite-lived intangible assets
 
 
$
443.2

 
$
(281.6
)
 
$
161.6
Finite-lived Intangible Assets Amortization Expense [Table Text Block] Amortization expense related to purchased intangible assets is as follows (in millions):

 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
Amortization expense
$
8.7

 
$
9.6

 
$
15.6

 
$
19.0