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Other Intangibles, Net
3 Months Ended
Mar. 31, 2015
Other Intangibles, Net  
Other Intangibles, Net

 

 

Note 5—Other Intangibles, Net

 

Other intangibles are summarized as follows (in thousands, except weighted average amortization period):

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

Amortization

 

 

 

 

 

 

 

 

 

Period

 

 

 

Accumulated

 

 

 

 

 

(Years)

 

Gross

 

Amortization

 

Net

 

 

 

 

 

 

 

 

 

 

 

Purchased technologies

 

5.1

 

$

49,358

 

$

(43,588

)

$

5,770

 

Product development costs

 

3.0

 

22,913

 

(19,834

)

3,079

 

 

 

 

 

 

 

 

 

 

 

Developed technology sub-total

 

 

 

72,271

 

(63,422

)

8,849

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

6.4

 

40,565

 

(33,115

)

7,450

 

Other intangibles

 

4.1

 

4,604

 

(4,167

)

437

 

 

 

 

 

 

 

 

 

 

 

Other intangibles sub-total

 

 

 

45,169

 

(37,282

)

7,887

 

 

 

 

 

 

 

 

 

 

 

Balance at March 31, 2015

 

 

 

$

117,440

 

$

(100,704

)

$

16,736

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

Amortization

 

 

 

 

 

 

 

 

 

Period

 

 

 

Accumulated

 

 

 

 

 

(Years)

 

Gross

 

Amortization

 

Net

 

 

 

 

 

 

 

 

 

 

 

Purchased technologies

 

5.1

 

$

50,152

 

$

(43,195

)

$

6,957

 

Product development costs

 

3.0

 

22,423

 

(19,314

)

3,109

 

 

 

 

 

 

 

 

 

 

 

Developed technology sub-total

 

 

 

72,575

 

(62,509

)

10,066

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

6.4

 

40,783

 

(32,577

)

8,206

 

Other intangibles

 

4.1

 

4,629

 

(4,098

)

531

 

 

 

 

 

 

 

 

 

 

 

Other intangibles sub-total

 

 

 

45,412

 

(36,675

)

8,737

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2014

 

 

 

$

117,987

 

$

(99,184

)

$

18,803

 

 

The changes in the carrying value of other intangibles during the three months ended March 31, 2015 are summarized as follows (in thousands):

 

 

 

 

 

Accumulated

 

 

 

 

 

Gross

 

Amortization

 

Net

 

 

 

 

 

 

 

 

 

Balance at December 31, 2014

 

$

117,987

 

$

(99,184

)

$

18,803

 

Additions

 

490

 

 

490

 

Amortization

 

 

(2,368

)

(2,368

)

Translation adjustments

 

(1,037

)

848

 

(189

)

 

 

 

 

 

 

 

 

Balance at March 31, 2015

 

$

117,440

 

$

(100,704

)

$

16,736

 

 

Based on the carrying amount of other intangibles as of March 31, 2015, the estimated future amortization is as follows (in thousands):

 

 

 

Nine

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Months Ending

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31

 

Years Ending December 31

 

 

 

 

 

 

 

2015

 

2016

 

2017

 

2018

 

2019

 

Thereafter

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

4,372 

 

$

3,810 

 

$

627 

 

$

40 

 

$

 

$

 

$

8,849 

 

Other intangibles

 

2,395 

 

2,699 

 

1,865 

 

923 

 

 

 

7,887 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

6,767 

 

$

6,509 

 

$

2,492 

 

$

963 

 

$

 

$

 

$

16,736