GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 6 — GOODWILL AND OTHER INTANGIBLE ASSETS

On July 11, 2012, the Company completed its acquisition of GenturaDx. As a result, the Company recorded approximately $8.3 million of goodwill and $40.1 million of other identifiable intangible assets. For impairment testing purposes, the Company has assigned all of the GenturaDx goodwill to the ARP segment. This goodwill is not expected to be deductible for tax purposes.

The changes in the carrying amount of the Company’s goodwill during the period are as follows (in thousands):



	June 30, 2013			December 31, 2012
Balance at beginning of year	$	51,128		$	42,763
Acquisition of GenturaDx	—			8,292
Foreign currency translation adjustments	(299		)	73
Balance at end of period	$	50,829		$	51,128

The current in-process research and development projects are scheduled to be completed in 2014. The estimated aggregate costs to complete these projects are between $8.0 and $12.0 million. The Company’s intangible assets are reflected in the table below (in thousands, except weighted average lives):



	Finite-lived									Indefinite-lived
	Technology, trade secrets and know-how			Customer lists and contracts			Other identifiable intangible assets			IP R&D			Total
2012
Balance at December 31, 2011	$	30,000		$	7,981		$	1,933		$	631		$	40,545
Additions due to acquisition of GenturaDx	—			—			—			40,100			40,100
Write-off of IP R&D projects	—			—			—			(118		)	(118		)
Foreign currency translation adjustments	30			5			8			14			57
Balance at December 31, 2012	30,030			7,986			1,941			40,627			80,584
Less: accumulated amortization:
Accumulated amortization balance at December 31, 2011	(9,999		)	(768		)	(341		)	—			(11,108		)
Amortization expense	(3,187		)	(790		)	(266		)	—			(4,243		)
Foreign currency translation adjustments	(7		)	(2		)	(6		)	—			(15		)
Accumulated amortization balance at December 31, 2012	(13,193		)	(1,560		)	(613		)	—			(15,366		)
Net balance at December 31, 2012	$	16,837		$	6,426		$	1,328		$	40,627		$	65,218
Weighted average life (in years)	10			11			9

2013
Balance at December 31, 2012	$	30,030		$	7,986		$	1,941		$	40,627		$	80,584
Foreign currency translation adjustments	(114		)	(21		)	(32		)	(59		)	(226		)
Balance at June 30, 2013	29,916			7,965			1,909			40,568			80,358
Less: accumulated amortization:
Accumulated amortization balance at December 31, 2012	(13,193		)	(1,560		)	(613		)	—			(15,366		)
Amortization expense	(1,591		)	(395		)	(70		)	—			(2,056		)
Foreign currency translation adjustments	68			16			29			—			113
Accumulated amortization balance at June 30, 2013	(14,716		)	(1,939		)	(654		)	—			(17,309		)
Net balance at June 30, 2013	$	15,200		$	6,026		$	1,255		$	40,568		$	63,049
Weighted average life (in years)	10			11			9

The estimated aggregate amortization expense for the next five fiscal years and thereafter is as follows (in thousands):



2013 (six months)	$	2,040
2014	4,068
2015	3,312
2016	3,107
2017	2,147
Thereafter	7,807
	22,481
IP R&D	40,568
	$	63,049

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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