Goodwill and Other Purchased Intangible Assets

3 Months Ended

Mar. 28, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Purchased Intangible Assets

4.	Goodwill and Other Purchased Intangible Assets

Changes in the carrying value of goodwill by reportable segment during the year ended December 27, 2014 and the three-month period ended March 28, 2015 were as follows (in thousands):


	Semiconductor			Microwave			Total
	Equipment			Communications			Goodwill
Balance, December 28, 2013	$	67,983		$	3,330		$	71,313
Impact of currency exchange		(4,851	)		(275	)		(5,126	)
Impairment of goodwill		—			(3,055	)		(3,055	)

Balance, December 27, 2014		63,132			—			63,132
Impact of currency exchange		(2,806	)		—			(2,806	)

Balance, March 28, 2015	$	60,326		$	—		$	60,326

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


	March 28, 2015						December 27, 2014
	Gross Carrying		Accumulated		Remaining		Gross Carrying		Accumulated
	Amount		Amortization		Useful Life		Amount		Amortization
Rasco technology	$	26,697	$	21,090		1.8 years	$	29,845	$	22,616
Ismeca technology		27,751		7,950		5.8 years		27,014		6,879

	$	54,448	$	29,040			$	56,859	$	29,495

Amortization expense related to intangible assets in the first quarter of fiscal 2015 and 2014 was approximately $1.8 million and $2.1 million, respectively. The amounts included in the table above for the period ended March 28, 2015 exclude approximately $1.9 million and $3.7 million, related to the trade names of Rasco and Ismeca, respectively, and for the period ended December 27, 2014 exclude approximately $2.1 million and $3.6 million for Rasco and Ismeca respectively for trade name which have indefinite life 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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