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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2014
Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the three months ended March 31, 2014 were as follows:

 

Balance at December 31, 2013

$

65,280

 

Foreign currency translation

 

(548

)

Balance at March 31, 2014

$

64,732

 

 

Summary of Intangible Assets

A summary of intangible assets at March 31, 2014 and December 31, 2013 follows:

 

 

March 31, 2014

 

 

Weighted Average
Amortization
Period

 

 

Gross Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

Acquired technology

 

7.0 years

 

 

$

19,749

 

 

$

(10,471

)

 

$

9,278

 

Customer relationships

 

12.1 years

 

 

 

26,993

 

 

 

(9,781

)

 

 

17,212

 

Covenant not to compete

 

4.2 years

 

 

 

381

 

 

 

(133

)

 

 

248

 

Acquired trademarks

 

4.5 years

 

 

 

1,104

 

 

 

(310

)

 

 

794

 

Trademarks

 

indefinite

 

 

 

430

 

 

 

 

 

 

430

 

Total

 

 

 

 

$

48,657

 

 

$

(20,695

)

 

$

27,962

 

 

 

December 31, 2013

 

 

Weighted Average
Amortization
Period

 

 

Gross Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

Acquired technology

 

7.0 years

 

 

$

19,889

 

 

$

(10,070

)

 

$

9,819

 

Customer relationships

 

12.1 years

 

 

 

27,117

 

 

 

(9,013

)

 

 

18,104

 

Covenant not to compete

 

4.2 years

 

 

 

382

 

 

 

(112

)

 

 

270

 

Acquired trademarks

 

4.5 years

 

 

 

1,113

 

 

 

(246

)

 

 

867

 

Trademarks

 

 indefinite

 

 

 

430

 

 

 

 

 

 

430

 

Total

 

 

 

 

$

48,931

 

 

$

(19,441

)

 

$

29,490

 

 

Future Amortization Expense Related to Intangible Assets

The Company estimates the following amortization expense related to its intangible assets for the years ended December 31:

 

2014 (remaining nine months)

$

3,802

 

2015

 

4,633

 

2016

 

4,211

 

2017

 

3,756

 

2018

 

3,147

 

Thereafter

 

7,983

 

 

$

27,532