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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and intangible assets

Goodwill and intangible assets consisted of the following:

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization

 

 

 

 

 

 

 

 

 

 

 

 

(in thousands, except years)

 

Period

 

Gross

 

 

Accumulated

 

 

Intangible

 

March 31, 2016:

 

(in years)

 

Amount

 

 

Amortization

 

 

Assets, net

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

8

 

$

226,548

 

 

$

(43,389

)

 

$

183,159

 

Manufacturing know-how and trade secrets

 

12

 

 

21,817

 

 

 

(13,707

)

 

 

8,110

 

Trade name and trademarks

 

9

 

 

25,700

 

 

 

(5,653

)

 

 

20,047

 

Customer relationships

 

9

 

 

84,436

 

 

 

(29,663

)

 

 

54,773

 

Total intangible assets subject to amortization

 

8

 

$

358,501

 

 

$

(92,412

)

 

$

266,089

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

 

 

 

 

 

 

 

 

 

 

$

404,307

 

Total goodwill and intangible assets, net

 

 

 

 

 

 

 

 

 

 

 

$

670,396

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Period

 

Gross

 

 

Accumulated

 

 

Intangible

 

December 31, 2015:

 

(in years)

 

Amount

 

 

Amortization

 

 

Assets, net

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

9

 

$

92,648

 

 

$

(37,382

)

 

$

55,266

 

Manufacturing know-how and trade secrets

 

12

 

 

21,787

 

 

 

(13,296

)

 

 

8,491

 

Trade name and trademarks

 

11

 

 

9,500

 

 

 

(5,068

)

 

 

4,432

 

Customer relationships

 

8

 

 

44,752

 

 

 

(27,865

)

 

 

16,887

 

Total intangible assets subject to amortization

 

10

 

$

168,687

 

 

$

(83,611

)

 

$

85,076

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

 

 

 

 

 

 

 

 

 

 

$

154,281

 

Total goodwill and intangible assets, net

 

 

 

 

 

 

 

 

 

 

 

$

239,357

 

 

Schedule of changes in the carrying value of goodwill

The following table summarizes the changes in the carrying value of the Company’s goodwill:

 

 

 

Three Months Ended March 31,

 

(in thousands)

 

2016

 

 

2015

 

Goodwill at beginning of period

 

$

154,281

 

 

$

154,443

 

Increases recorded in business combinations

 

 

249,973

 

 

 

 

Changes resulting from foreign currency fluctuations

 

 

53

 

 

 

(170

)

Goodwill at end of period

 

$

404,307

 

 

$

154,273

 

 

Future amortization expense related to intangible assets

Total future amortization expense related to intangible assets subject to amortization at March 31, 2016 is set forth in the table below:

 

(in thousands)

 

 

 

 

Remaining 2016

 

$

33,232

 

2017

 

 

41,114

 

2018

 

 

39,228

 

2019

 

 

37,749

 

2020

 

 

37,338

 

2021

 

 

35,477

 

Thereafter through 2027

 

 

41,951

 

Total future amortization expense

 

$

266,089