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Note 4 - Goodwill and Other Intangible Assets
6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]
4.
Goodwill and Other Intangible Assets
 
The amounts for goodwill and changes in the carrying value by segment for the
six
months ended
June 30, 2018
are as follows:
 
(in thousands)
 
Electronics
   
Automotive
   
Industrial
   
Total
 
As of December 30, 2017
  $
278,959
    $
135,829
    $
38,626
    $
453,414
 
Additions
(a)
   
382,317
     
     
     
382,317
 
Currency translation
   
(1,558
)    
(1,748
)    
(198
)
   
(3,504
)
As of June 30, 2018
  $
659,718
    $
134,081
    $
38,428
    $
832,227
 
(a)
The additions resulted from the acquisition of IXYS.
 
 
The components of other intangible assets at
June 30, 2018
are as follows:
 
(in thousands, except weighted average useful life)
 
Weighted
Average
Useful Life
   
Gross
Carrying
Value
   
 
Accumulated Amortization
   
 
Net Book
Value
 
Patents, licenses and software
   
10.6
    $
192,326
    $
67,528
    $
124,798
 
Distribution network
   
12.6
     
44,001
     
33,567
     
10,434
 
Customer relationships, trademarks, and tradenames
   
18.1
     
311,333
     
63,326
     
248,007
 
Order backlog
   
1.0
     
12,420
     
5,607
     
6,813
 
Total
   
 
    $
560,080
    $
170,028
    $
390,052
 
 
 During the
six
months ended
June 30, 2018,
the Company recorded additions to other intangible assets of
$212.7
million, related to the IXYS acquisition, the components of which were as follows:
 
(in thousands, except weighted average useful life)
 
Weighted
Average
Useful Life
   
 
 
Amount
 
Patents, licenses and software
   
8.0
    $
51,500
 
Customer relationships, trademarks, and tradenames
   
17.2
     
148,800
 
Order backlog
   
1.0
     
12,420
 
Total
   
 
    $
212,720
 
 
During the
three
and
six
months ended
June 30, 2018
and
July 1, 2017,
the Company recorded amortization expense of
$13.4
million and
$6.2
million and
$25.4
million and
$12.1
million, respectively for intangible assets with definite lives.
 
Estimated annual amortization expense related to intangible assets with definite lives as of
June 30, 2018
is as follows:
 
 
(in thousands)
 
Amount
 
2018
  $
53,440
 
2019
   
40,511
 
2020
   
40,240
 
2021
   
38,457
 
2022
   
37,456
 
2023 and thereafter
   
206,466
 
Total
  $
416,570