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Intangible Assets
6 Months Ended
Jun. 30, 2012
Intangible Assets [Abstract]  
INTANGIBLE ASSETS
NOTE 6 INTANGIBLE ASSETS

Intangible assets were as follows:

 

                 
(In thousands)   June 30,
2012
    December 31,
2011
 

Intangible assets subject to amortization:

               

Developed technology, net of accumulated amortization of $9,010 and $6,903 as of June 30, 2012 and December 31, 2011, respectively

  $ 51,672     $ 51,159  

Customer relationships, net of accumulated amortization of $22,053 and $16,500 as of June 30, 2012 and December 31, 2011, respectively

    57,117       61,609  

In-process research and development, net of accumulated amortization of $19 and $0 as of June 30, 2012 and December 31, 2011

    9,986       10,057  

Other, net of accumulated amortization of $4,456 and $1,996 as of June 30, 2012 and December 31, 2011, respectively

    3,460       5,507  
   

 

 

   

 

 

 
      122,235       128,332  

Intangible assets not subject to amortization:

               

Trademarks and trade names

    22,840       22,240  
   

 

 

   

 

 

 

Intangible assets, net

  $ 145,075     $ 150,572  
   

 

 

   

 

 

 

Developed technology is amortized on a straight line basis over 10 to 20 years, depending on the life of the product technology. Intangible assets related to customer relationships are primarily amortized over a period of up to 10 years on an accelerated basis. In-process research and development is amortized on a straight line basis over the product’s estimated useful life upon completion of the technology. Other intangible assets include acquired backlog, product trademarks and trade names, non-competition agreements and defensible assets. With the exception of product trademarks and trade names, such assets are amortized on a straight line basis over a period of three months to 10 years, depending on the asset. Trademarks and trade names associated with products are amortized on a straight line basis over the estimated remaining life of the product technology, which ranges from 10 to 20 years. Trademarks and trade names associated with a business have indefinite lives and are not amortized.

Amortization expense related to intangible assets totaled $5.0 million and $10.2 million for the three and six months ended June 30, 2012, respectively, and $0.8 million and $1.5 million for the three and six months ended July 2, 2011, respectively.

Estimated aggregate amortization expense for future fiscal years is as follows:

 

         
(In thousands)   Estimated
Aggregate
Amortization
Expense
 

2012 (remaining)

  $ 9,090  

2013

    15,843  

2014

    15,492  

2015

    13,972  

2016

    11,623  

Thereafter

    46,953  
   

 

 

 
    $ 112,973  
   

 

 

 

 

The Company has excluded $9.3 million of amortization expense related to certain in-process research and development projects from the table above, as it was uncertain as of June 30, 2012 when the technology will be completed and when the amortization will begin.