Other Intangible Assets

6 Months Ended

Jun. 29, 2012

Other Intangible Assets

Other Intangible Assets Text Block

8.       Information related to other intangible assets follows (dollars in thousands):

		Estimated					Foreign
		Life	Original		Accumulated		Currency		Book
		(years)	Cost		Amortization		Translation		Value
June 29, 2012
Customer relationships		2 - 14	$	144,425	$	(35,609)	$	(5,331)	$	103,485
Patents, proprietary technology
	and product documentation	3 - 11		24,268		(11,751)		(85)		12,432
Trademarks, trade names
	and other	2 - 3		3,860		(3,723)		-		137
				172,553		(51,083)		(5,416)		116,054
Not Subject to Amortization:
	Brand names			40,580		-		-		40,580
Total			$	213,133	$	(51,083)	$	(5,416)	$	156,634
December 30, 2011
Customer relationships		2 - 8	$	40,925	$	(30,788)	$	(181)	$	9,956
Patents, proprietary technology
	and product documentation	3 - 10		14,668		(10,570)		(87)		4,011
Trademarks, trade names
	and other	2 - 3		6,140		(5,169)		-		971
				61,733		(46,527)		(268)		14,938
Not Subject to Amortization:
	Brand names			3,180		-		-		3,180
Total			$	64,913	$	(46,527)	$	(268)	$	18,118

Amortization of intangibles was $4.3 million in the second quarter of 2012 and $6.8 million year-to-date. Estimated annual amortization expense is as follows: $14.9 million in 2012, $12.2 million in 2013, $8.8 million in 2014, $8.4 million in 2015 and $8.1 million in 2016 and $70.5 million thereafter.

Changes in the carrying amount of goodwill in 2012 were as follows (in thousands):

Beginning balance	$	93,400
Additions from business acquisitions		78,080
Foreign currency translation		(4,164)
Ending balance	$	167,316

See Note 12 for information on the business acquisition that added goodwill and other identifiable intangible assets to the Industrial segment in 2012. The estimated fair values of the assets acquired and liabilities assumed in the acquisition are based on the preliminary results of an independent appraisal, and could be subject to change upon finalization.