Intangible Assets

12 Months Ended

Dec. 31, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

Note 10: Intangible Assets

The carrying values of intangible assets were as follows:


	December 31, 2013							December 31, 2012
	Gross					Net		Gross					Net
	Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
	Amount		Amortization			Amount		Amount		Amortization			Amount
	(In thousands)							(In thousands)
Goodwill	$	773,048	$	—		$	773,048	$	778,708	$	—		$	778,708

Definite-lived intangible assets subject to amortization:
Customer relationships	$	198,522	$	(35,981	)	$	162,541	$	195,021	$	(25,632	)	$	169,389
Developed technology		174,106		(68,233	)		105,873		170,747		(32,713	)		138,034
Trademarks		7,151		(1,033	)		6,118		401		(176	)		225
Backlog		8,434		(8,421	)		13		9,252		(5,997	)		3,255
In-process research and development		6,549		(1,124	)		5,425		—		—			—

Total intangible assets subject to amortization		394,762		(114,792	)		279,970		375,421		(64,518	)		310,903
Indefinite-lived intangible assets not subject to amortization
Trademarks		92,010		—			92,010		103,347		—			103,347
In-process research and development		4,996		—			4,996		14,023		—			14,023

Total intangible assets not subject to amortization		97,006		—			97,006		117,370		—			117,370

Intangible assets	$	491,768	$	(114,792	)	$	376,976	$	492,791	$	(64,518	)	$	428,273

Segment Allocation of Goodwill and Trademarks

The changes in the carrying amount of goodwill assigned to reporting units in our reportable segments are as follows:


	Prior Segments									Current Segments
							Asia								Industrial			Industrial
	Americas			EMEA			Pacific			Broadcast			Enterprise		Connectivity			IT		Consolidated
	(In thousands)
Balance at December 31, 2011	$	249,319		$	69,470		$	17,802		$	—		$	—	$	—		$	—	$	336,591
Acquisitions and purchase accounting adjustments		439,696			—			—			—			—		—			—		439,696
Translation impact		1,563			858			—			—			—		—			—		2,421

Balance at December 31, 2012	$	690,578		$	70,328		$	17,802		$	—		$	—	$	—		$	—	$	778,708

Reassignment of goodwill		(690,578	)		(70,328	)		(17,802	)		473,029			50,136		188,201			67,342		—
Acquisitions and purchase accounting adjustments		—			—			—			4,986			—		—			—		4,986
Translation impact		—			—			—			(11,640	)		—		(226	)		1,220		(10,646	)

Balance at December 31, 2013	$	—		$	—		$	—		$	466,375		$	50,136	$	187,975		$	68,562	$	773,048

In 2013, as a result of our change in segments, we reassigned the carrying amount of goodwill to our new reporting units in our new segments based on relative fair value. There was no goodwill impairment at the time of our change in segments.

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


							Industrial			Industrial		All
	Broadcast			Enterprise			Connectivity			IT		Other			Consolidated
Balance at December 31, 2011	$	12,187		$	1,284		$	12,545		$	9,396	$	5,223		$	40,635
Impairment		—			—			—			—		(5,239	)		(5,239	)
Acquisitions and purchase accounting adjustments		67,554			—			—			—		—			67,554
Translation impact		569			15			(266	)		63		16			397

Balance at December 31, 2012	$	80,310		$	1,299		$	12,279		$	9,459	$	—		$	103,347

Reclassify to definite-lived		(5,424	)		(1,353	)		—			—		—			(6,777	)
Acquisitions and purchase accounting adjustments		(4,918	)		—			—			—		—			(4,918	)
Translation impact		159			54			(86	)		231		—			358

Balance at December 31, 2013	$	70,127		$	—		$	12,193		$	9,690	$	—		$	92,010

Impairment

The annual measurement date for our goodwill and trademarks impairment test is our fiscal November month-end. For our 2013 goodwill impairment test, we performed a quantitative assessment for each of our reporting units and determined the estimated fair values of our reporting units by calculating the present values of their estimated future cash flows. We determined that the fair values of our reporting units were substantially in excess of the carrying values; therefore, we did not recognize any goodwill impairment in 2013. We also did not recognize any goodwill impairment in 2012 or 2011 based on the results of our annual goodwill impairment testing.

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. We did not recognize any trademark impairment charges in 2013 or 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 All Other segment which we disposed of during 2012. The total asset impairment and loss on sale of the consumer electronics assets in 2012 was $29.8 million. See Note 9.

Amortization Expense

We recognized amortization expense in income from continuing operations of $50.8 million, $22.8 million, and $13.1 million in 2013, 2012, and 2011, respectively. We expect to recognize annual amortization expense of $47.3 million in 2014, $46.4 million in 2015, $39.2 million in 2016, $27.4 million in 2017, and $12.0 million in 2018.

- 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.

+ References+ Details