Intangible Assets

12 Months Ended

Dec. 31, 2012

Note 10: Intangible Assets

The carrying values of intangible assets were as follows:


	December 31, 2012							December 31, 2011
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(In thousands)							(In thousands)

Goodwill	$	778,708	$	—		$	778,708	$	336,591	$	—		$	336,591


Definite-lived intangible assets subject to amortization:
Customer relationships	$	195,021	$	(25,632	)	$	169,389	$	111,124	$	(22,543	)	$	88,581
Developed technology		170,747		(32,713	)		138,034		36,124		(26,172	)		9,952
Trademarks		391		(176	)		215		391		(44	)		347
Backlog		9,252		(5,997	)		3,255		3,286		(3,286	)		—

Total intangible assets subject to amortization		375,411		(64,518	)		310,893		150,925		(52,045	)		98,880
Indefinite-lived intangible assets not subject to amortization
Trademarks		103,357		—			103,357		40,635		—			40,635
In-process research and development		14,023		—			14,023		—		—			—

Total intangible assets not subject to amortization		117,380		—			117,380		40,635		—			40,635

Intangible assets	$	492,791	$	(64,518	)	$	428,273	$	191,560	$	(52,045	)	$	139,515

Segment Allocation of Goodwill and Trademarks

The changes in the carrying amount of goodwill are as follows:


	Americas			EMEA			Asia Pacific		Corporate		Consolidated
	(In thousands)

Balance at December 31, 2010	$	126,838		$	64,462		$	—	$	119,815	$	311,115

Acquisitions and purchase accounting adjustments		22,555			5,336			—		—		27,891
Translation impact		(2,087	)		(328	)		—		—		(2,415	)

Balance at December 31, 2011		147,306			69,470			—		119,815		336,591

Acquisitions and purchase accounting adjustments		439,696			—			—		—		439,696
Translation impact		1,563			858			—		—		2,421

Balance at December 31, 2012	$	588,565		$	70,328		$	—	$	119,815	$	778,708

We believe that corporate goodwill benefits the entire Company because it represents acquirer-specific synergies unique to a previous acquisition.

The changes in the carrying amount of indefinite-lived trademarks are as follows:


	Americas			EMEA			Asia Pacific			Consolidated
	(In thousands)

Balance at December 31, 2010	$	15,063		$	15,524		$	5,219		$	35,806

Acquisitions		5,591			—			—			5,591
Translation impact		(688	)		(78	)		4			(762	)

Balance at December 31, 2011		19,966			15,446			5,223			40,635

Acquisitions		67,554			—			—			67,554
Impairment		—			—			(5,239	)		(5,239	)
Translation impact		207			184			16			407

Balance at December 31, 2012	$	87,727		$	15,630		$	—		$	103,357

Impairment

The annual measurement date for our goodwill and trademarks impairment test is our fiscal November month-end. For our 2012 goodwill impairment test, we performed a qualitative assessment for all but three of our reporting units with goodwill. For those reporting units, we determined that it was more likely than not that the fair value of the reporting unit was in excess of the carrying value of the reporting unit. For three of our reporting units, we performed a quantitative assessment to evaluate goodwill for impairment. Using a quantitative assessment, we determined the estimated fair values of our reporting units by calculating the present values of their estimated future cash flows. We did not recognize any goodwill impairment charges in 2012, 2011, or 2010.

Similar to the quantitative goodwill impairment test, we determined the estimated fair values of our trademarks by calculating the present values of the estimated cash flows attributable to the respective trademarks. In 2010, the carrying amounts of certain trademarks exceeded their respective fair values resulting in trademark impairment charges of $0.6 million within the Americas segment. We did not recognize any trademark impairment charges in 2011. In 2012, we recognized a $5.2 million and $6.8 million impairment loss on trademarks and customer relationships, respectively, related to our Chinese cable operations within the Asia Pacific segment which we disposed of during the year. The total asset impairment and loss on sale of the consumer electronics assets in 2012 was $29.7 million.

Amortization Expense

We recognized amortization expense in income from continuing operations of $22.8 million, $13.1 million, and $10.6 million in 2012, 2011, and 2010, respectively. We expect to recognize annual amortization expense of $55.1 million in 2013, $45.7 million in 2014, $44.6 million in 2015, $36.7 million in 2016, and $24.1 million in 2017.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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