Strategic Technology Transactions, Goodwill and Other Purchased Intangible Assets

3 Months Ended

Mar. 29, 2014

Goodwill And Intangible Assets Disclosure [Abstract]

Strategic Technology Transactions, Goodwill and Other Purchased Intangible Assets

2.	Strategic Technology Transactions, Goodwill and Other Purchased Intangible Assets

Goodwill

Changes in the carrying value of goodwill by reportable segment during the year ended December 28, 2013 and the three-month period ended March 29, 2014 were as follows (in thousands):


	Semiconductor Equipment		Microwave Communications		Total Goodwill

Balance, December 29, 2012	$	55,520	$	3,236	$	58,756
Additions net of adjustments		10,930		—		10,930
Impact of currency exchange		1,533		94		1,627

Balance, December 28, 2013		67,983		3,330		71,313
Impact of currency exchange		62		—		62

Balance, March 29, 2014	$	68,045	$	3,330	$	71,375

Purchased Intangible Assets

Purchased intangible assets, subject to amortization are as follows (in thousands):


	March 29, 2014				December 28, 2013

	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization

Rasco technology	$	33,693	$	22,405	$	33,689	$	21,319
Ismeca technology		30,070		4,786		29,915		3,809
Duma technology		864		480		864		408

	$	64,627	$	27,671	$	64,468	$	25,536

Amortization expense related to intangible assets in the first quarter of fiscal 2014 and 2013 was approximately $2.1 million and $1.7 million, respectively. The amounts included in the table above for the period ended March 29, 2014 exclude approximately $2.4 million and $4.1 million, related to the trade names of Rasco and Ismeca, respectively, and for the period ended December 28, 2013 exclude approximately $2.4 million and $4.0 million for such trade names, respectively, which have indefinite lives and are not being amortized. Changes in the carrying values of these intangible assets are a result of the impact of fluctuations in currency exchange rates.

- 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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