XML 61 R36.htm IDEA: XBRL DOCUMENT v3.3.0.814
Goodwill and Intangible Assets (Tables)
9 Months Ended
Oct. 04, 2015
Changes in Carrying Amount of Goodwill by Segment

The changes in the carrying amount of goodwill by reportable segments for the nine months ended October 4, 2015, were as follows:

 

     Wireless
Test
    Industrial
Automation
    System
Test
    Semiconductor
Test
    Total  
     (in thousands)  

Balance at December 31, 2014:

          

Goodwill

   $ 361,819      $ —       $ 158,699      $ 260,540      $ 781,058   

Accumulated impairment losses

     (98,897     —         (148,183     (260,540     (507,620
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
     262,922       —         10,516        —          273,438   

Universal Robots acquisition

     —          226,501        —          —          226,501   

Universal Robots adjustment

     —         520       —          —          520   

Foreign currency translation adjustment

     —         (2,113     —          —          (2,113
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at October 4, 2015:

          

Goodwill

     361,819        224,908        158,699        260,540        1,005,966   

Accumulated impairment losses

     (98,897     —          (148,183     (260,540     (507,620
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
   $ 262,922     $ 224,908      $ 10,516      $ —        $ 498,346   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Schedule of Amortizable Intangible Assets

Amortizable intangible assets consist of the following and are included in intangible assets, net on the balance sheet:

 

     October 4, 2015  
     Gross
Carrying
Amount
     Accumulated
Amortization
     Net
Carrying
Amount
     Weighted
Average
Useful Life
 
     (in thousands)  

Developed technology

   $ 381,071       $ 206,256       $ 174,815         6.0 years   

Customer relationships

     110,464         59,395         51,069         7.9 years   

Tradenames and trademarks

     51,588         17,418         34,170         9.5 years   

Non-compete agreement

     320         80         240         4.0 years   

Customer order backlog

     170         170         —           0.3 years   
  

 

 

    

 

 

    

 

 

    

Total intangible assets

   $ 543,613       $ 283,319       $ 260,294         6.7 years   
  

 

 

    

 

 

    

 

 

    

 

     December 31, 2014  
     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-compete agreement

     320         20         300         4.0 years   

Customer order backlog

     170         170         —           0.3 years   
  

 

 

    

 

 

    

 

 

    

Total intangible assets

   $ 523,052       $ 332,452       $ 190,600         6.8 years   
  

 

 

    

 

 

    

 

 

    
Schedule of Estimated Intangible Asset Amortization Expense

Estimated intangible asset amortization expense for each of the five succeeding fiscal years is as follows:

 

Year

   Amortization Expense  
     (in thousands)  

2015 (remainder)

   $ 20,029   

2016

     80,117   

2017

     71,498   

2018

     44,647   

2019

     23,785   

Thereafter

     20,218