Goodwill and Intangible Assets (Tables)
|
12 Months Ended |
Dec. 31, 2014
|
Changes in Carrying Amount of Goodwill by Reporting Units |
The changes in
the carrying amount of goodwill by reportable segments for the
years ended December 31, 2014 and 2013 are as
follows:
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Semiconductor
Test |
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System
Test |
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|
Wireless
Test |
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Total |
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|
(in
thousands) |
|
Balance at
December 31, 2012:
|
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|
|
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|
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|
|
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|
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|
Goodwill
|
|
$ |
260,540 |
|
|
$ |
148,183 |
|
|
$ |
349,272 |
|
|
$ |
757,995 |
|
Accumulated impairment
losses
|
|
|
(260,540 |
) |
|
|
(148,183 |
) |
|
|
— |
|
|
|
(408,723 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
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|
|
— |
|
|
|
349,272 |
|
|
|
349,272 |
|
ZTEC acquisition
|
|
|
— |
|
|
|
— |
|
|
|
12,520 |
|
|
|
12,520 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Balance at
December 31, 2013:
|
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|
|
|
|
|
|
|
|
|
|
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|
Goodwill
|
|
|
260,540 |
|
|
|
148,183 |
|
|
|
361,792 |
|
|
|
770,515 |
|
Accumulated impairment
losses
|
|
|
(260,540 |
) |
|
|
(148,183 |
) |
|
|
— |
|
|
|
(408,723 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
|
|
— |
|
|
|
361,792 |
|
|
|
361,792 |
|
ZTEC adjustment
|
|
|
— |
|
|
|
— |
|
|
|
27 |
|
|
|
27 |
|
AIT acquisition
|
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|
— |
|
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|
10,516 |
|
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|
— |
|
|
|
10,516 |
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|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
Balance at
December 31, 2014:
|
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|
|
|
|
|
|
|
|
|
|
|
|
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|
Goodwill
|
|
|
260,540 |
|
|
|
158,699 |
|
|
|
361,819 |
|
|
|
781,058 |
|
Accumulated impairment
losses
|
|
|
(260,540 |
) |
|
|
(148,183 |
) |
|
|
(98,897 |
) |
|
|
(507,620 |
) |
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|
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|
$ |
— |
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|
$ |
10,516 |
|
|
$ |
262,922 |
|
|
$ |
273,438 |
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|
Schedule of Amortizable Intangible Assets |
Amortizable
intangible assets consist of the following and are included in
intangible assets, net on the balance sheets:
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|
December 31,
2014 |
|
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|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net
Carrying
Amount |
|
|
Weighted
Average
Useful Life |
|
|
|
(in
thousands) |
|
Developed
technology
|
|
$ |
345,513 |
|
|
$ |
224,059 |
|
|
$ |
121,454 |
|
|
|
6.2 years |
|
Customer
relationships
|
|
|
146,635 |
|
|
|
93,998 |
|
|
|
52,637 |
|
|
|
7.7 years |
|
Tradenames and
trademarks
|
|
|
30,414 |
|
|
|
14,205 |
|
|
|
16,209 |
|
|
|
9.0 years |
|
Non-competes
|
|
|
320 |
|
|
|
20 |
|
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|
300 |
|
|
|
4.0 years |
|
Customer backlog
|
|
|
170 |
|
|
|
170 |
|
|
|
— |
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|
0.0 years |
|
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|
|
|
|
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|
|
|
|
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|
Total intangible
assets
|
|
$ |
523,052 |
|
|
$ |
332,452 |
|
|
$ |
190,600 |
|
|
|
6.8 years |
|
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|
December 31,
2013 |
|
|
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net
Carrying
Amount |
|
|
Weighted
Average
Useful Life |
|
|
|
(in
thousands) |
|
Developed
technology
|
|
$ |
342,933 |
|
|
$ |
174,563 |
|
|
$ |
168,370 |
|
|
|
6.2 years |
|
Customer
relationships
|
|
|
141,497 |
|
|
|
76,963 |
|
|
|
64,534 |
|
|
|
8.0 years |
|
Tradenames and
trademarks
|
|
|
30,034 |
|
|
|
10,647 |
|
|
|
19,387 |
|
|
|
9.1 years |
|
Customer backlog
|
|
|
1,000 |
|
|
|
1,000 |
|
|
|
— |
|
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|
0.4 years |
|
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|
Total intangible
assets
|
|
$ |
515,464 |
|
|
$ |
263,173 |
|
|
$ |
252,291 |
|
|
|
6.9 years |
|
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|
Schedule of Estimated Intangible Asset Amortization Expense |
Estimated
intangible assets amortization expense for each of the five
succeeding fiscal years is as follows:
|
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|
|
|
Year
|
|
Amortization Expense |
|
|
|
(in thousands) |
|
2015
|
|
$ |
55,231 |
|
2016
|
|
|
55,231 |
|
2017
|
|
|
49,046 |
|
2018
|
|
|
24,405 |
|
2019
|
|
|
4,889 |
|
|