XML 100 R14.htm IDEA: XBRL DOCUMENT v2.4.1.9
Intangible Assets
12 Months Ended
Dec. 31, 2014
Intangible Assets
GOODWILL AND INTANGIBLE ASSETS

Goodwill activity for each of the Company's two reportable segments, Critical Materials Handling (CMH) and Electronic Materials (EM), was as follows:
(In thousands)
CMH
 
EM
 
Total
December 31, 2012
$
2,209

 
$

 
$
2,209

Addition due to acquisition
10,090

 

 
10,090

Other, including foreign currency translation
(25
)
 

 
(25
)
December 31, 2013
12,274

 

 
12,274

Addition due to acquisition
35,329

 
296,795

 
332,124

Other, including foreign currency translation
(120
)
 
(3,535
)
 
(3,655
)
December 31, 2014
$
47,483

 
$
293,260

 
$
340,743



As of December 31, 2014, goodwill amounted to approximately $340.7 million, an increase of $328.5 million from the balance at December 31, 2013. The increase in goodwill relates to the acquisition of ATMI completed in April 2014 as described in note 2 and is provisional subject to the Company's final valuation of assets acquired and liabilities assumed. The increase was partially offset by the foreign currency translation adjustments.
Identifiable intangible assets at December 31, 2014 and 2013 consist of the following:
2014
(In thousands)
Gross  carrying
Amount
 
Accumulated
amortization
 
Net  carrying
value
 
Weighted
average life in
years
Patents
$
1,347

 
$
779

 
$
568

 
9.8
Developed technology
199,402

 
78,785

 
120,617

 
6.6
Trademarks and trade names
17,152

 
8,883

 
8,269

 
9.8
Customer relationships
220,420

 
54,452

 
165,968

 
10.3
Other
16,768

 
3,636

 
13,132

 
6.6
 
$
455,089

 
$
146,535

 
$
308,554

 
8.5
2013
(In thousands)
Gross  carrying
amount
 
Accumulated
amortization
 
Net  carrying
value
 
Weighted
average life in
years
Patents
$
1,369

 
$
649

 
$
720

 
9.8
Developed technology
78,686

 
62,257

 
16,429

 
7.4
Trademarks and trade names
13,092

 
7,306

 
5,786

 
12.0
Customer relationships
57,617

 
39,146

 
18,471

 
11.0
Other
2,213

 
110

 
2,103

 
13.3
 
$
152,977

 
$
109,468

 
$
43,509

 
9.3

The table below sets forth the amortization expense for the years ended December 31, 2014, 2013, and 2012:
(In thousands)
2014
 
2013
 
2012
Amortization expense
$
37,067

 
$
9,347

 
$
9,594


The amortization expense for each of the five succeeding years and thereafter relating to intangible assets currently recorded in the Company's consolidated balance sheets is estimated to be the following at December 31, 2014:
 
 
Fiscal year ending December 31
(In thousands)
2015
$
47,835

2016
45,401

2017
43,977

2018
42,725

2019
40,472

Thereafter
88,144

 
$
308,554