Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

The following table provides the changes in carrying value of goodwill by reportable segment for the nine months ended September 30, 2015 (in millions):



	Mobile Consumer Electronics			Specialty Components		Total
Balance at December 31, 2014	$	729.1		$	185.6	$	914.7
Acquisition	47.7			—		47.7
Foreign currency translation	(28.5		)	0.2		(28.3		)
Balance at September 30, 2015	$	748.3		$	185.8	$	934.1

The gross carrying value and accumulated amortization for each major class of intangible asset are as follows (in millions):



	September 30, 2015				December 31, 2014
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortized intangible assets:
Trademarks	$	7.1	$	2.1	$	7.5	$	1.9
Patents	50.4		16.5		50.0		12.3
Customer Relationships	389.0		230.4		404.6		210.3
Unpatented Technologies	92.5		67.3		65.5		64.8
Other ⁽¹⁾	4.6		3.5		1.6		1.6
Total	543.6		319.8		529.2		290.9
Unamortized intangible assets:
Trademarks	32.0				32.0
Total intangible assets, net	$	255.8			$	270.3

⁽¹⁾ During the nine months ended September 30, 2015, the Company recorded an impairment charge on licenses totaling $0.4 million.

As discussed in Note 2. Acquisition, Knowles acquired developed technologies of $25.9 million during the three months ended September 30, 2015, as a result of the Company's acquisition of Audience. It is included in "Unpatented Technologies" in the table above. This developed technologies intangible asset has been determined provisionally and is subject to revision as additional information about the fair value becomes available. The Company is in the process of finalizing valuations of these developed technologies, and this provisional measurement is subject to change.

Amortization expense totaled $11.1 million and $10.6 million for the three months ended September 30, 2015 and 2014, respectively. For the nine months ended September 30, 2015 and 2014, amortization expense was $31.0 million and $32.2 million, respectively.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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