Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2013

Changes in Carrying Amount of Goodwill, by Reporting Segment

Changes in the carrying amount of goodwill, by reporting segment, for the twelve months ended December 31, 2013 and 2012 are as follows:

	Americas Segment			EMEA Segment		Asia Segment			Total
	(Dollars in thousands)
Balance as of December 31, 2012
Goodwill	$	1,077,829		$	353,282	$	139,469		$	1,570,580
Accumulated impairment losses		(332,128	)		—		—			(332,128	)
		745,701			353,282		139,469			1,238,452
Goodwill related to acquisitions		99,125			19,922		4,237			123,284
Translation adjustment		(833	)		2,217		(8,917	)		(7,533	)
Balance as of December 31, 2013
Goodwill		1,176,121			375,421		134,789			1,686,331
Accumulated impairment losses		(332,128	)		—		—			(332,128	)
	$	843,993		$	375,421	$	134,789		$	1,354,203

	Americas Segment			EMEA Segment			Asia Segment			OEM Segment			Total
	(Dollars in thousands)

Goodwill balance as of December 31, 2011	$	1,005,021		$	283,362		$	121,983		$	28,176		$	1,438,542
Goodwill impairment charges		(332,128	)		—			—			—			(332,128	)
Goodwill related to acquisitions		78,875			69,723			15,384			—			163,982
Goodwill related to dispositions		—			—			—			(28,176	)		(28,176	)
Purchase accounting adjustments⁽¹⁾		(8,878	)		—			(2,126	)		—			(11,004	)
Translation adjustment		2,132			876			4,228			—			7,236
Transfer of goodwill		679			(679	)		—			—			—
Balance as of December 31, 2012
Goodwill		1,077,829			353,282			139,469			—			1,570,580
Accumulated impairment losses		(332,128	)		—			—			—			(332,128	)
	$	745,701		$	353,282		$	139,469		$	—		$	1,238,452

Purchase accounting adjustments related to the finalization of the purchase price allocation of uncertain tax positions and deferred taxes for the LMA acquisition. The purchase accounting adjustments were completed in 2013, however, in accordance with ASC Topic 805, “Business Combinations,” the Company retrospectively adjusted the December 31, 2012 balance sheet, as well as the Condensed Consolidating Balance Sheet included in Note 17, for these adjustments as the acquisition occurred in 2012.

Components of Intangible Assets

Intangible assets at December 31, 2013 and 2012 consisted of the following:

	Gross Carrying Amount				Accumulated Amortization
	2013		2012		2013			2012
	(Dollars in thousands)
Customer lists	$	628,020	$	580,151	$	(168,223	)	$	(141,520	)
In-process research and development		68,786		53,157		—			—
Intellectual property		435,869		276,458		(118,086	)		(95,967	)
Distribution rights		16,797		16,567		(14,592	)		(13,880	)
Trade names		407,879		384,131		(1,148	)		(305	)
Noncompete agreements		337		—		(42	)		—
	$	1,557,688	$	1,310,464	$	(302,091	)	$	(251,672	)

Estimated Annual Amortization Expense

Amortization expense related to intangible assets was $50.6 million, $44.3 million, and $42.6 million for 2013, 2012 and 2011, respectively. Estimated annual amortization expense for each of the five succeeding years is as follows:

	(Dollars in thousands)
2014	$	59,100
2015		53,300
2016		52,900
2017		52,400
2018		51,900