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ACQUIRED TECHNOLOGY
 3 Months Ended
Mar. 31, 2014
Finite-Lived Intangible Assets, Net [Abstract]  
ACQUIRED TECHNOLOGY
6.
ACQUIRED TECHNOLOGY:
Acquired technology consists of acquired license rights for patents and know-how obtained from PD-LD, Inc., Motorola and Fujifilm. These intangible assets consist of the following (in thousands):
 
 
March 31, 2014
 
 
PD-LD, Inc.
 
$
1,481

Motorola
 
15,909

Fujifilm
 
109,462

 
 
126,852

Less: Accumulated amortization
 
(35,591
)
Acquired technology, net
 
$
91,261


Amortization expense for all intangible assets was $2.7 million for both the three months ended March 31, 2014 and 2013. Amortization expense is included in the patent costs and amortization of acquired technology expense line item on the Consolidated Statements of Operations.
Motorola Patent Acquisition
In 2000, the Company entered into a royalty-bearing license agreement with Motorola whereby Motorola granted the Company perpetual license rights to what are now 74 issued U.S. patents relating to Motorola’s OLED technologies, together with foreign counterparts in various countries. These patents expire in the U.S. between 2014 and 2018.
On March 9, 2011, the Company purchased these patents from Motorola, including all existing and future claims and causes of action for any infringement of the patents, pursuant to a Patent Purchase Agreement. The Patent Purchase Agreement effectively terminated the Company’s license agreement with Motorola, including any obligation to make royalty payments to Motorola.
The technology acquired from Motorola had an assigned value of $440,000 as of March 9, 2011, which is being amortized over a period of 7.5 years.
Fujifilm Patent Acquisition
On July 23, 2012, the Company entered into a Patent Sale Agreement (the Agreement) with Fujifilm. Under the Agreement, Fujifilm sold more than 1,200 OLED-related patents and patent applications in exchange for a cash payment of $105.0 million. The Company recorded the $105.0 million plus $4.1 million of costs as acquired technology, which is being amortized over a period of 10 years.