Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill and accumulated impairment (loss) during the nine months ended September 30, 2014 and twelve months ended December 31, 2013 were as follows:


	2014							2013
	Gross Carrying Amount		Accumulated Impairment (Loss)			Net		Gross Carrying Amount		Accumulated Impairment (Loss)			Net
Beginning balance at January 1	$	290,323	$	(139,414	)	$	150,909	$	290,147	$	(139,414	)	$	150,733
Acquired goodwill⁽¹⁾		41,993		—			41,993		—		—			—
Foreign currency translation		223		—			223		176		—			176

Ending balance at September 30, 2014 and December 31, 2013	$	332,539	$	(139,414	)	$	193,125	$	290,323	$	(139,414	)	$	150,909

(1)	During the second quarter of 2014, the Company recorded $41,612 of goodwill related to the May 30, 2014 GP acquisition. During the first quarter of 2014, the Company recorded a purchase accounting adjustment for $381 related to the March 12, 2013 purchase of Alter S.r.l.

Goodwill Associated with Reportable Segments

Goodwill associated with each of our reportable segments is as follows:


	September 30, 2014		December 31, 2013
Reportable segment:
Advanced Manufacturing Capital Equipment	$	184,234	$	142,065
Analytical Solutions Group		8,668		8,668
Europe Region Sales & Service		—		—
Asia Region Sales & Service		—		—
Foreign currency translation		223		176

Total goodwill	$	193,125	$	150,909

Intangible Assets

Components of the Company’s intangible assets are comprised of the following:


As of September 30, 2014:	Gross		Accumulated Amortization			Foreign Currency Translation		Net
Completed technology (1)	$	100,380	$	(79,263	)	$	490	$	21,607
Customer relationships (1)		35,821		(11,612	)		588		24,797
Patents, trademarks, trade names and other (1)		27,536		(25,193	)		65		2,408

	$	163,737	$	(116,068	)	$	1,143	$	48,812

(1)	During the nine months ended September 30, 2014, the Company recorded $38,850 of separately identified intangible assets of which $15,700 was completed technology, $21,250 was customer relationships and $1,900 was trademarks and trade names, relating to the May 30, 2014 GP acquisition.


As of December 31, 2013:	Gross		Accumulated Amortization			Foreign Currency Translation		Net
Completed technology	$	84,680	$	(78,072	)	$	519	$	7,127
Customer relationships		14,571		(9,831	)		454		5,194
Patents, trademarks, trade names and other		25,636		(24,951	)		84		769

	$	124,887	$	(112,854	)	$	1,057	$	13,090

Estimated Amortization Expense

Aggregate amortization expense related to acquired intangibles for the three and nine months ended September 30, 2014 were $1,760 and $3,214, respectively. Aggregate amortization expense related to acquired intangibles for the three and nine months ended September 30, 2013 were $361 and $1,537, respectively. Estimated amortization expense for each of the remaining fiscal years is as follows:


Year	Amount
2014 (remaining)	$	1,777
2015		6,555
2016		6,306
2017		6,268
2018		6,260
2019		6,214
Thereafter		15,432