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Cost in Excess of Net Assets of Companies Acquired | 6 Months Ended
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Jul. 02, 2016
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, 2015 (a) |  | $ | 1,230,832 |  |  | $ | 1,138,000 |  |  | $ | 2,368,832 |
Acquisitions and related adjustments |  | 2,224 |  |  | 39,613 |  |  | 41,837 |
Foreign currency translation adjustment |  | 2,359 |  |  | 5,930 |  |  | 8,289 |
Balance as of July 2, 2016 (a) |  | $ | 1,235,415 |  |  | $ | 1,183,543 |  |  | $ | 2,418,958 |
(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 July 2, 2016:
|  | Weighted-Average Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Trade names |  | indefinite |  | $ | 101,000 |  |  | $ | — |  |  | $ | 101,000 |
Customer relationships |  | 10 years |  | 494,506 |  |  | (238,118 | ) |  | 256,388 |
Developed technology |  | 5 years |  | 14,199 |  |  | (10,203 | ) |  | 3,996 |
Other intangible assets |  | (b) |  | 7,903 |  |  | (3,684 | ) |  | 4,219 |
|  |  |  | $ | 617,608 |  |  | $ | (252,005 | ) |  | $ | 365,603 |
(b) | Consists of non-competition agreements, sales backlog, and an amortizable trade name with useful lives ranging from two to five years.
Intangible assets, net, are comprised of the following as of December 31, 2015:
|  | Weighted-Average Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Trade names |  | indefinite |  | $ | 101,000 |  |  | $ | — |  |  | $ | 101,000 |
Customer relationships |  | 10 years |  | 498,319 |  |  | (215,263 | ) |  | 283,056 |
Developed technology |  | 5 years |  | 13,154 |  |  | (7,894 | ) |  | 5,260 |
Other intangible assets |  | (c) |  | 917 |  |  | (907 | ) |  | 10 |
|  |  |  | $ | 613,390 |  |  | $ | (224,064 | ) |  | $ | 389,326 |
(c) | Consists of non-competition agreements with useful lives ranging from two to three years.
During the second quarters of 2016 and 2015, the company recorded amortization expense related to identifiable intangible assets of $14,446 and $13,917, respectively. During the first six months of 2016 and 2015, the company recorded amortization expense related to identifiable intangible assets of $27,359 and $25,024, respectively.

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