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Goodwill and Intangible Assets (Tables)
3 Months Ended
Sep. 30, 2016
Goodwill and Intangible Assets  
Schedule of carrying amount of goodwill

 

The changes in the carrying value of goodwill for the three month period ended September 30, 2016 are as follows (in thousands):

 

 

 

 

 

 

Optoelectronics

 

 

 

 

 

 

 

 

 

and

 

 

 

 

 

Security

 

Healthcare

 

Manufacturing

 

 

 

 

 

Division

 

Division

 

Division

 

Consolidated

 

Balance as of June 30, 2016

 

$

32,922

 

$

42,574

 

$

47,323

 

$

122,819

 

Goodwill acquired or adjusted during the period

 

120,004

 

 

 

120,004

 

Foreign currency translation adjustment

 

112

 

10

 

(355

)

(233

)

 

 

 

 

 

 

 

 

 

 

Balance as of September 30, 2016

 

$

153,038

 

$

42,584

 

$

46,968

 

$

242,590

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of intangible assets

 

Intangible assets consisted of the following (in thousands):

 

 

 

 

June 30, 2016

 

September 30, 2016

 

 

 

Weighted

 

Gross

 

 

 

 

 

Gross

 

 

 

 

 

 

 

Average

 

Carrying

 

Accumulated

 

Intangibles

 

Carrying

 

Accumulated

 

Intangibles

 

 

 

Lives

 

Value

 

Amortization

 

Net

 

Value

 

Amortization

 

Net

 

Amortizable assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software development costs

 

9 years

 

$

22,091 

 

$

4,120 

 

$

17,971 

 

$

26,935 

 

$

5,627 

 

$

21,308 

 

Patents

 

20 years

 

8,111 

 

1,760 

 

6,351 

 

7,916 

 

1,362 

 

6,554 

 

Developed technology

 

10 years

 

12,901 

 

3,969 

 

8,932 

 

39,526 

 

3,398 

 

36,128 

 

Customer relationships/backlog

 

7 years

 

14,223 

 

4,862 

 

9,361 

 

40,226 

 

4,317 

 

35,909 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total amortizable assets

 

 

 

57,326 

 

14,711 

 

42,615 

 

114,603 

 

14,704 

 

99,899 

 

Non-amortizable assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

 

13,668 

 

 

13,668 

 

26,250 

 

 

26,250 

 

IPR&D

 

 

 

 

 

 

3,200 

 

 

3,200 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total intangible assets

 

 

 

$

70,994 

 

$

14,711 

 

$

56,283 

 

$

144,053 

 

$

14,704 

 

$

129,349 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of estimated future amortization expense

 

At September 30, 2016, the estimated future amortization expense was as follows (in thousands):

 

2017 (remaining 9 months)

 

$

10,627 

 

2018

 

14,917 

 

2019

 

14,759 

 

2020

 

13,048 

 

2021

 

10,810 

 

2022

 

8,366 

 

2023 and thereafter, including assets that have not yet begun to be amortized

 

27,372 

 

 

 

 

 

Total

 

$

99,899