XML 28 R13.htm IDEA: XBRL DOCUMENT v3.10.0.1
Intangible Assets
12 Months Ended
Dec. 31, 2018
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, 2018

 

Intangible Assets

Useful life

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Currency Exchange

 

 

Net

 

Amortized intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Patents

5-15 years

 

$

11,823

 

 

$

(9,848

)

 

$

(307

)

 

$

1,668

 

Developed product technology

2-10 years

 

 

159,129

 

 

 

(66,112

)

 

 

(6,221

)

 

 

86,796

 

Customer relationships

12 years

 

 

62,093

 

 

 

(24,737

)

 

 

(1,689

)

 

 

35,667

 

Software license and other

3-4 years

 

 

5,822

 

 

 

(5,713

)

 

 

(64

)

 

 

45

 

Total amortized intangible assets

 

 

 

238,867

 

 

 

(106,410

)

 

 

(8,281

)

 

 

124,176

 

Intangible assets with indefinite lives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In process research and development

Indefinite

 

 

4,580

 

 

 

-

 

 

 

-

 

 

 

4,580

 

Trademarks and trade names

Indefinite

 

 

10,303

 

 

 

-

 

 

 

(1,124

)

 

 

9,179

 

Total Intangible assets with indefinite lives

 

 

 

14,883

 

 

 

-

 

 

 

(1,124

)

 

 

13,759

 

Total intangible assets

 

 

$

253,750

 

 

$

(106,410

)

 

$

(9,405

)

 

$

137,935

 

 

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

 

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

 

Software license and other

3-4 years

 

 

5,822

 

 

 

(5,661

)

 

 

(138

)

 

 

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

 

Amortization expense related to intangible assets subject to amortization was $18.4 million, $18.8 million and $20.5 million for the years ended December 31, 2018, 2017 and 2016, respectively.   In process research and development is transferred to amortized intangible assets at the time the product becomes viable.

The schedule below sets future amortization expense of our currently owned intangible assets:

 

2019

 

$

17,907

 

2020

 

 

15,902

 

2021

 

 

15,205

 

2022

 

 

14,389

 

2023

 

 

14,124

 

2024 and thereafter

 

 

46,649

 

Total

 

$

124,176