| Schedule of carrying amount of goodwill |
The changes in the carrying value of goodwill for the six month period ended December 31, 2013 are as follows (in thousands):
|
|
|
Security |
|
Healthcare |
|
Optoelectronics and Manufacturing |
|
Consolidated |
|
|
Balance as of June 30, 2013 |
|
$ |
28,546 |
|
$ |
35,827 |
|
$ |
19,370 |
|
$ |
83,743 |
|
|
Goodwill acquired or adjusted during the period |
|
784 |
|
1,018 |
|
5,481 |
|
7,283 |
|
|
Foreign currency translation adjustment |
|
214 |
|
271 |
|
535 |
|
1,020 |
|
|
Balance as of December 31, 2013 |
|
$ |
29,544 |
|
$ |
37,116 |
|
$ |
25,386 |
|
$ |
92,046 |
| |
| Schedule of intangible assets |
Intangible assets consisted of the following (in thousands):
|
|
|
|
|
June 30, 2013 |
|
December 31, 2013 |
|
|
|
|
Weighted
Average
Lives |
|
Gross
Carrying
Value |
|
Accumulated
Amortization |
|
Intangibles
Net |
|
Gross
Carrying
Value |
|
Accumulated
Amortization |
|
Intangibles
Net |
|
|
Amortizable assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Software development costs |
|
7 years |
|
$ |
17,350 |
|
$ |
5,396 |
|
$ |
11,954 |
|
$ |
19,106 |
|
$ |
6,293 |
|
$ |
12,813 |
|
|
Patents |
|
13 years |
|
5,400 |
|
635 |
|
4,765 |
|
6,060 |
|
699 |
|
5,361 |
|
|
Core technology |
|
10 years |
|
2,058 |
|
1,728 |
|
330 |
|
2,218 |
|
1,973 |
|
245 |
|
|
Developed technology |
|
10 years |
|
20,002 |
|
14,620 |
|
5,382 |
|
15,611 |
|
11,003 |
|
4,608 |
|
|
Customer relationships/ backlog |
|
8 years |
|
9,178 |
|
5,624 |
|
3,554 |
|
11,355 |
|
6,354 |
|
5,001 |
|
|
Total amortizable assets |
|
|
|
53,988 |
|
28,003 |
|
25,985 |
|
54,350 |
|
26,322 |
|
28,028 |
|
|
Non-amortizable assets - Trademarks |
|
|
|
10,618 |
|
— |
|
10,618 |
|
11,985 |
|
— |
|
11,985 |
|
|
Total intangible assets |
|
|
|
$ |
64,606 |
|
$ |
28,003 |
|
$ |
36,603 |
|
$ |
66,335 |
|
$ |
26,322 |
|
$ |
40,013 |
| |
| Schedule of estimated future amortization expense |
At December 31, 2013, the estimated future amortization expense was as follows (in thousands):
|
Fiscal Years |
|
|
|
|
2014 (remaining 6 months) |
|
$ |
1,914 |
|
|
2015 |
|
3,097 |
|
|
2016 |
|
3,222 |
|
|
2017 |
|
3,134 |
|
|
2018 |
|
3,025 |
|
|
2019 |
|
2,924 |
|
|
2020 and thereafter, including assets that have not yet begun to be amortized |
|
10,712 |
|
|
Total |
|
$ |
28,028 |
| |