XML 50 R39.htm IDEA: XBRL DOCUMENT v3.10.0.1
Goodwill and Acquired Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2018
Changes in Carrying Amount of Goodwill by Segment

The changes in the carrying amount of goodwill by reportable segments for the nine months ended September 30, 2018, were as follows:

 

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

Balance at December 31, 2017

          

Goodwill

   $ 361,819     $ 233,519     $ 158,699     $ 260,540     $ 1,014,577  

Accumulated impairment losses

     (353,843     —         (148,183     (260,540     (762,566
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
     7,976       233,519       10,516       —         252,011  

MiR acquisition

     —         134,737       —         —         134,737  

Energid acquisition

     —         14,394       —         —         14,394  

Foreign currency translation adjustment

     —         (8,144     —         —         (8,144
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance at September 30, 2018

          

Goodwill

     361,819       374,506       158,699       260,540       1,155,564  

Accumulated impairment losses

     (353,843     —         (148,183     (260,540     (762,566
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
   $ 7,976     $ 374,506     $ 10,516     $ —       $ 392,998  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
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)  

2018 (remainder)

     10,731  

2019

     39,610  

2020

     24,928  

2021

     14,343  

2022

     13,450  

Thereafter

     36,901  
Wireless Test  
Schedule of Amortizable Intangible Assets

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

 

     September 30, 2018  
     Gross
Carrying
Amount (1)(2)
     Accumulated
Amortization (2)
     Foreign
Currency
Translation
Adjustment
    Net
Carrying
Amount
 
     (in thousands)  

Developed technology

   $ 336,306      $ (244,833    $ (1,117   $ 90,356  

Customer relationships

     105,622        (89,848      (83     15,691  

Tradenames and trademarks

     64,420        (30,408      (96     33,916  

Non-compete agreement

     320        (320      —         —    

Backlog

     30        (30      —         —    
  

 

 

    

 

 

    

 

 

   

 

 

 

Total intangible assets

   $ 506,698      $ (365,439    $ (1,296   $ 139,963  
  

 

 

    

 

 

    

 

 

   

 

 

 

 

     December 31, 2017  
     Gross
Carrying
Amount
     Accumulated
Amortization
     Foreign
Currency
Translation
Adjustment
     Net
Carrying
Amount
 
     (in thousands)  

Developed technology

   $ 270,877      $ (226,190    $ 1,618      $ 46,305  

Customer relationships

     92,741        (83,585      171        9,327  

Tradenames and trademarks

     50,100        (27,120      416        23,396  

Non-compete agreement

     320        (260      —          60  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total intangible assets

   $ 414,038      $ (337,155    $ 2,205      $ 79,088  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1)

Includes intangible assets acquired in 2018, $80.7 million from the MiR acquisition and $12.3 million from the Energid acquisition.

(2)

In 2018, $0.3 million of amortizable intangible assets became fully amortized and have been eliminated from the gross carrying amount and accumulated amortization.