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Intangible Assets
12 Months Ended
Dec. 31, 2015
Intangible Assets [Abstract]  
Intangible Assets

Note 6 Intangible Assets

 

Intangible assets other than goodwill at December 31, 2015 and December 31, 2014 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

2014

 

 

 

 

(in thousands)

Gross

 

Accumulated Amortization

 

Net

 

Gross

 

Accumulated Amortization

 

Net

 

Useful Life (in years)

 

Weighted Average Useful Life Remaining (in years)

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Licenses

$

 —

 

$

 —

 

$

 —

 

$

5,875 

 

$

(5,875)

 

$

 —

 

N/A

 

N/A

Patent costs

 

16,251 

 

 

(4,895)

 

 

11,356 

 

 

20,733 

 

 

(7,369)

 

 

13,364 

 

1-19

 

8

Acquired technology

 

52,809 

 

 

(16,405)

 

 

36,404 

 

 

57,383 

 

 

(18,241)

 

 

39,142 

 

2-15

 

4

Internally developed software

 

4,730 

 

 

(2,919)

 

 

1,811 

 

 

9,073 

 

 

(5,517)

 

 

3,556 

 

3

 

3

Customer relationships

 

101,933 

 

 

(36,158)

 

 

65,775 

 

 

157,139 

 

 

(36,975)

 

 

120,164 

 

2-15

 

7

Non-compete agreements

 

12,163 

 

 

(8,558)

 

 

3,605 

 

 

35,469 

 

 

(11,784)

 

 

23,685 

 

2-5

 

3

Trade names

 

28,108 

 

 

(12,498)

 

 

15,610 

 

 

21,800 

 

 

(4,455)

 

 

17,345 

 

1-9

 

6

Other

 

46,435 

 

 

(23,530)

 

 

22,905 

 

 

39,100 

 

 

(6,905)

 

 

32,195 

 

1-7

 

5

Intangible assets with indefinite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks

 

 —

 

 

 —

 

 

 —

 

 

2,110 

 

 

 

 

2,110 

 

N/A

 

N/A

Total intangible assets

$

262,429 

 

$

(104,963)

 

$

157,466 

 

$

348,682 

 

$

(97,121)

 

$

251,561 

 

1-19

 

5

 

Amortization expense related to costs incurred to internally develop and extend patents in the United States and various other countries was $303,  $281 and $250 for the years ended December 31, 2015, 2014 and 2013, respectively.

 

Amortization expense related to all other intangible assets was $60,763,  $39,203 and $20,447 for the years ended December 31, 2015, 2014 and 2013, respectively. Amortization of these intangible assets is calculated on a straight-line basis over periods ranging from one year to nineteen years.

 

Annual amortization expense for intangible assets is expected to be $35,113 in 2016, $32,087 in 2017, $26,920 in 2018, $21,606 in 2019 and $16,912 in 2020.

During the fourth quarter of 2015, the Company recorded impairment charges of $93,520, reflecting $92,248 of impairment charges related to the Company’s Americas reporting unit and $1,272 of impairment charges related to the Company’s EMEA reporting unit.  Further, impairment charges reflected approximately $63,852 of charges to customer relationships, $19,164 of charges to acquired technology, $5,952 of charges to trade names, $3,416 of charges to non-compete agreements, $791 of charges to other intangibles and $345 of charges to internally developed software.

 

The impairment charges were measured as the difference between the carrying amount of the assets and their fair value. The fair value of the assets was determined under the income approach based on a discounted cash flow model using updated future revenue and operating income projections. In addition to impairment charges, gross intangible assets were negatively impacted by foreign currency translation. See Note 2 to the Consolidated Financial Statements.