Goodwill and Intangible Assets, Net

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill was as follows:



	At September 30,				At December 31,
(in thousands)	2014		2013		2013
North America	$	84,647	$	87,104	$	84,822
Europe	38,918		41,388		42,690
Asia/Pacific	1,663		1,778		1,706
Total	$	125,228	$	130,270	$	129,218

Amortizable and indefinite-lived intangible assets, net, were as follows:



	At September 30, 2014
	Gross					Net
	Carrying		Accumulated			Carrying
(in thousands)	Amount		Amortization			Amount
North America	$	34,490	$	(18,941	)	$	15,549
Europe	31,766		(12,533		)	19,233
Total	$	66,256	$	(31,474	)	$	34,782



	At September 30, 2013
	Gross					Net
(in thousands)	Carrying Amount		Accumulated Amortization			Carrying Amount
North America	$	34,591	$	(15,032	)	$	19,559
Europe	32,255		(9,273		)	22,982
Total	$	66,846	$	(24,305	)	$	42,541



	At December 31, 2013
	Gross					Net
(in thousands)	Carrying Amount		Accumulated Amortization			Carrying Amount
North America	$	34,520	$	(15,909	)	$	18,611
Europe	33,217		(10,055		)	23,162
Total	$	67,737	$	(25,964	)	$	41,773

Intangible assets consist of definite-lived and indefinite-lived assets. Definite-lived intangible assets include customer relationships, patents, unpatented technology and non-compete agreements. Amortization expense for definite-lived intangible assets during the three months ended September 30, 2014 and 2013, totaled $1.8 million and $1.2 million, respectively, and during the nine months ended September 30, 2014 and 2013, totaled $5.5 million and $5.2 million, respectively.

Indefinite-lived intangible assets include in-process research and development assets and a trade name totaling $2.2 million, $5.6 million and $5.7 million at September 30, 2014, September 30, 2013 and December 31, 2013, respectively. During the second quarter of 2014, approximately $3.3 million of in-process research and development cost was transferred to definite-lived intangible assets and is being amortized on a straight-line basis over its useful life.

At September 30, 2014, estimated future amortization of definite-lived intangible assets was as follows:



(in thousands)
Remaining three months of 2014	$	1,638
2015	6,152
2016	5,918
2017	4,142
2018	3,166
2019	3,138
Thereafter	8,444
	$	32,598

The changes in the carrying amount of goodwill and intangible assets for the nine months ended September 30, 2014, were as follows:



				Intangible
(in thousands)	Goodwill			Assets
Balance at December 31, 2013	$	129,218		$	41,773
Reclassifications	(149		)	85
Impairment*	(492		)	—
Amortization	—			(5,511		)
Foreign exchange	(3,349		)	(1,565		)
Balance at September 30, 2014	$	125,228		$	34,782


*	See Note 1 "Basis of Presentation — Goodwill Impairment Testing"

- 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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