Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The following table shows the changes in our goodwill balances from December 31, 2012 to March 31, 2013:



	($000)
Balance as of December 31, 2012	$	320,845
Net change, currency translation	(5,061		)
Balance as of March 31, 2013	$	315,784

We did not record any significant impairment losses in the first three months of 2013 or 2012. We perform our annual impairment reviews in the fourth quarter.

Intangible Assets

The following table summarizes our intangible assets:



	As of March 31, 2013								As of December 31, 2012
($000)	Gross		Accumulated Amortization			Net		Weighted Average Useful Life (years)	Gross		Accumulated Amortization			Net		Weighted Average Useful Life (years)
Intellectual property	$	30,572	$	(22,132	)	$	8,440	9	$	30,621	$	(21,527	)	$	9,094	9
Customer-related assets	130,833		(65,110		)	65,723		12	132,798		(63,005		)	69,793		12
Supplier relationships	240		(99		)	141		20	240		(96		)	144		20
Technology-based assets	80,644		(45,341		)	35,303		9	81,333		(43,809		)	37,524		9
Non-competition agreement	1,768		(1,658		)	110		4	1,765		(1,588		)	177		4
Total intangible assets	$	244,057	$	(134,340	)	$	109,717	10	$	246,757	$	(130,025	)	$	116,732	10

The following table summarizes our amortization expense related to intangible assets:



	Three months ended March 31
($000)	2013		2012
Amortization expense	$	5,625	$	6,055

We amortize intangible assets using the straight-line method over their expected economic useful lives.

We expect intangible amortization expense for 2013 and subsequent years as follows:



	($000)
2013	$	20,977
2014	19,759
2015	18,951
2016	14,360
2017	9,828
2018	7,875

Our estimates of future amortization expense for intangible assets may be affected by acquisitions, divestitures, changes in the estimated average useful life, and currency translations.

- 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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