XML 69 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in the carrying amount of goodwill
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
Schedule of intangible assets
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

 
 

 
 
Estimated aggregate amortization expense for the next five years and thereafter
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