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GOODWILL AND INTANGIBLE ASSETS:
12 Months Ended
Dec. 31, 2013
GOODWILL AND INTANGIBLE ASSETS:  
GOODWILL AND INTANGIBLE ASSETS:

NOTE 6— GOODWILL AND INTANGIBLE ASSETS:

 

The following table represents changes in the carrying amount of goodwill (in thousands):

 

Balance as of December 31, 2012

 

$

132,885

 

Goodwill from IPtronics acquisition

 

25,630

 

Goodwill from Kotura acquisition

 

40,681

 

Adjustments

 

 

Balance as of December 31, 2013

 

$

199,196

 

 

The carrying amounts of intangible assets as of December 31, 2013 were as follows:

 

 

 

Gross
Carrying
Value

 

Accumulated
Amortization

 

Net
Carrying
Value

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

Licensed technology

 

$

2,344

 

$

(366

)

$

1,978

 

Developed technology

 

56,064

 

(24,654

)

31,410

 

Customer relationships

 

13,376

 

(6,279

)

7,097

 

Customer contract

 

1,529

 

(1,529

)

 

Backlog

 

726

 

(726

)

 

Total amortizable intangible assets

 

$

74,039

 

$

(33,554

)

$

40,485

 

IPR&D

 

13,764

 

 

13,764

 

Total intangible assets

 

$

87,803

 

$

(33,554

)

$

54,249

 

 

The carrying amounts of intangible assets as of December 31, 2012 were as follows:

 

 

 

Gross
Carrying
Value

 

Accumulated
Amortization

 

Net
Carrying
Value

 

 

 

(in thousands)

 

Licensed technology

 

$

946

 

$

(946

)

$

 

Developed technology

 

23,132

 

(14,695

)

8,437

 

Customer relationships

 

10,956

 

(3,328

)

7,628

 

Customer contract

 

1,529

 

(1,460

)

69

 

Total intangible assets

 

$

36,563

 

$

(20,429

)

$

16,134

 

 

Amortization expense of intangible assets totaled approximately $14.0 million, $9.3 million and $9.4 million for the years ended December 31, 2013, 2012 and 2011, respectively.

 

The estimated future amortization expense from amortizable intangible assets is as follows (in thousands):

 

2014

 

$

12,869

 

2015

 

10,761

 

2016

 

9,945

 

2017

 

9,882

 

2018 and thereafter

 

10,792

 

 

 

$

54,249