Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2014

Goodwill and Other Intangible Assets [Abstract]

Note 3 – Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill by segment for the years ended December 31, 2014 and 2013 were as follows:

	Optoelectronic Components		Resistors & Inductors			Capacitors			Total

Balance at January 1, 2013	$	-	$	34,866		$	-		$	34,866
MCB Industrie acquisition		-		7,985			-			7,985
Exchange rate effects		-		281			-			281
Balance at December 31, 2013	$	-	$	43,132		$	-		$	43,132
Holy Stone Polytech acquisition		-		-			6,328			6,328
Capella acquisition		96,849		-			-			96,849
Exchange rate effects		-		(986	)		(964	)		(1,950	)
Balance at December 31, 2014	$	96,849	$	42,146		$	5,364		$	144,359

Other intangible assets are as follows:

	December 31,
	2014			2013

Intangible Assets Subject to Amortization
(Definite-lived):
Patents and acquired technology	$	108,190		$	92,842
Capitalized software		53,369			55,893
Customer relationships		153,853			99,558
Tradenames		39,612			35,845
Non-competition agreements		2,283			1,948
		357,307			286,086
Accumulated amortization:
Patents and acquired technology		(71,700	)		(66,337	)
Capitalized software		(45,979	)		(50,006	)
Customer relationships		(50,630	)		(40,727	)
Tradenames		(21,384	)		(18,560	)
Non-competition agreements		(1,360	)		(864	)
		(191,053	)		(176,494	)
Net Intangible Assets Subject to Amortization		166,254			109,592

Intangible Assets Not Subject to Amortization
(Indefinite-lived):
Tradenames		20,359			20,359
	$	186,613		$	129,951

Note 3 – Goodwill and Other Intangible Assets (continued)

Amortization expense (excluding capitalized software) was $18,651, $15,068, and $14,754, for the years ended December 31, 2014, 2013, and 2012, respectively.

Estimated annual amortization expense of intangible assets on the balance sheet at December 31, 2014 for each of the next five years is as follows:

2015	$	27,235
2016		25,593
2017		21,757
2018		18,377
2019		14,396

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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