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Cost in Excess of Net Assets of Companies Acquired | 9 Months Ended
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Sep. 27, 2014
Goodwill and Intangible Assets Disclosure [Abstract] |
Cost in Excess of Net Assets of Companies Acquired and Intangible Assets, Net | Cost in Excess of Net Assets of Companies Acquired and Intangible Assets, Net Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. The company tests goodwill and other indefinite-lived intangible assets for impairment annually as of the first day of the fourth quarter, or more frequently if indicators of potential impairment exist. Cost in excess of net assets of companies acquired, allocated to the company's business segments, is as follows:
|  | Global Components |  | Global ECS |  | Total
Balance as of December 31, 2013 (a) |  | $ | 1,000,860 |  |  | $ | 1,038,433 |  |  | $ | 2,039,293 |
Acquisitions |  | 56,510 |  |  | 29,227 |  |  | 85,737 |
Foreign currency translation adjustment |  | (4,877 | ) |  | (43,461 | ) |  | (48,338 | )
Balance as of September 27, 2014 (a) |  | $ | 1,052,493 |  |  | $ | 1,024,199 |  |  | $ | 2,076,692 |
(a) | The total carrying value of cost in excess of net assets of companies acquired for all periods in the table above is reflected net of $1,018,780 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $301,855 was recorded in the global ECS business segment.
Intangible assets, net, are comprised of the following as of September 27, 2014:
|  | Weighted-Average Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Trade names |  | indefinite |  | $ | 179,000 |  |  | $ | — |  |  | $ | 179,000 |
Customer relationships |  | 10 years |  | 400,554 |  |  | (162,517 | ) |  | 238,037 |
Developed technology |  | 5 years |  | 9,366 |  |  | (5,339 | ) |  | 4,027 |
Other intangible assets |  | (b) |  | 2,703 |  |  | (2,057 | ) |  | 646 |
|  |  |  | $ | 591,623 |  |  | $ | (169,913 | ) |  | $ | 421,710 |
Intangible assets, net, are comprised of the following as of December 31, 2013:
|  | Weighted-Average Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Trade names |  | indefinite |  | $ | 179,000 |  |  | $ | — |  |  | $ | 179,000 |
Customer relationships |  | 10 years |  | 374,244 |  |  | (134,817 | ) |  | 239,427 |
Developed technology |  | 5 years |  | 9,625 |  |  | (4,051 | ) |  | 5,574 |
Other intangible assets |  | (b) |  | 4,609 |  |  | (2,541 | ) |  | 2,068 |
|  |  |  | $ | 567,478 |  |  | $ | (141,409 | ) |  | $ | 426,069 |
(b) | Consists of non-competition agreements and sales backlog with useful lives ranging from one to three years.
During the third quarters of 2014 and 2013, the company recorded amortization expense related to identifiable intangible assets of $11,108 ($9,086 net of related taxes or $.09 per share on both a basic and diluted basis) and $8,936 ($7,074 net of related taxes or $.07 per share on both a basic and diluted basis), respectively. During the first nine months of 2014 and 2013, the company recorded amortization expense related to identifiable intangible assets of $32,925 ($26,860 net of related taxes or $.27 per share on both a basic and diluted basis) and $26,762 ($21,219 net of related taxes or $.21 and $.20 per share on a basic and diluted basis, respectively), respectively.

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