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Intangible Assets
12 Months Ended
Dec. 31, 2017
Intangible Assets Net Excluding Goodwill [Abstract]  
Intangible Assets

Note 5 – Intangible Assets

Intangible assets subject to amortization at December 31 were as follows:

 

December 31, 2017

 

Intangible Assets

Useful life

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Currency Exchange

 

 

Net

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Patents

5-15 years

 

$

11,823

 

 

$

(9,154

)

 

$

(242

)

 

$

2,427

 

Software license

3 years

 

 

1,212

 

 

 

(1,149

)

 

 

(63

)

 

 

-

 

Developed product technology

2-10 years

 

 

154,795

 

 

 

(53,925

)

 

 

(6,219

)

 

 

94,651

 

Customer relationships

12 years

 

 

62,093

 

 

 

(19,319

)

 

 

(1,650

)

 

 

41,124

 

Other

4 years

 

 

4,610

 

 

 

(4,512

)

 

 

(75

)

 

 

23

 

Total amortized intangible assets

 

 

 

234,533

 

 

 

(88,059

)

 

 

(8,249

)

 

 

138,225

 

Intangible assets with indefinite lives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In process research and development

Indefinite

 

 

8,914

 

 

 

-

 

 

 

-

 

 

 

8,914

 

Trademarks and trade names

Indefinite

 

 

10,303

 

 

 

-

 

 

 

(997

)

 

 

9,306

 

Total Intangible assets with indefinite lives

 

 

 

19,217

 

 

 

-

 

 

 

(997

)

 

 

18,220

 

Total intangible assets

 

 

$

253,750

 

 

$

(88,059

)

 

$

(9,246

)

 

$

156,445

 

 

December 31, 2016

 

Intangible Assets

Useful life

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Currency Exchange

 

 

Net

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Patents

5-15 years

 

$

11,823

 

 

$

(8,431

)

 

$

(255

)

 

$

3,137

 

Software license

3 years

 

 

1,212

 

 

 

(1,149

)

 

 

(63

)

 

 

-

 

Developed product technology

2-10 years

 

 

153,009

 

 

 

(41,416

)

 

 

(6,299

)

 

 

105,294

 

Customer relationships

12 years

 

 

62,093

 

 

 

(13,915

)

 

 

(1,750

)

 

 

46,428

 

Other

4 years

 

 

4,610

 

 

 

(4,336

)

 

 

(75

)

 

 

199

 

Total amortized intangible assets

 

 

 

232,747

 

 

 

(69,247

)

 

 

(8,442

)

 

 

155,058

 

Intangible assets with indefinite lives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In process research and development

Indefinite

 

 

10,700

 

 

 

-

 

 

 

-

 

 

 

10,700

 

Trademarks and trade names

Indefinite

 

 

10,303

 

 

 

-

 

 

 

(1,185

)

 

 

9,118

 

Total Intangible assets with indefinite lives

 

 

 

21,003

 

 

 

-

 

 

 

(1,185

)

 

 

19,818

 

Total intangible assets

 

 

$

253,750

 

 

$

(69,247

)

 

$

(9,627

)

 

$

174,876

 

Amortization expense related to intangible assets subject to amortization was $18.8 million, $20.5 million and $8.6 million for the years ended December 31, 2017, 2016 and 2015, respectively.

Amortization of intangible assets is as follows:

 

2018

 

$

18,003

 

2019

 

 

17,498

 

2020

 

 

15,472

 

2021

 

 

14,775

 

2022

 

 

13,956

 

2023 and thereafter

 

 

58,521

 

Total

 

$

138,225