XML 25 R15.htm IDEA: XBRL DOCUMENT v3.19.1
OTHER INTANGIBLE ASSETS, NET
3 Months Ended
Mar. 31, 2019
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
OTHER INTANGIBLE ASSETS, NET
7.           OTHER INTANGIBLE ASSETS, NET
The following tables present the cumulative composition of the Corporation’s intangible assets:
 
 
March 31, 2019
 
December 31, 2018
(In thousands)
 
Gross
 
Accumulated Amortization
 
Net
 
Gross
 
Accumulated Amortization
 
Net
Technology
 
$
245,236

 
$
(127,077
)
 
$
118,159

 
$
238,212

 
$
(123,156
)
 
$
115,056

Customer related intangibles
 
378,446

 
(199,130
)
 
179,316

 
358,832

 
(193,455
)
 
165,377

Programs (1)
 
144,000

 
(7,200
)
 
136,800

 
144,000

 
(5,400
)
 
138,600

Other intangible assets
 
41,217

 
(30,751
)
 
10,466

 
40,340

 
(29,806
)
 
10,534

Total
 
$
808,899

 
$
(364,158
)
 
$
444,741

 
$
781,384

 
$
(351,817
)
 
$
429,567


(1) Programs include values assigned to major programs of acquired businesses and represent the aggregate value associated with the customer relationships, contracts, technology, and trademarks underlying the associated program.
During the three months ended March 31, 2019, the Corporation acquired intangible assets of $26.0 million. The Corporation acquired Customer-related intangibles of $18.4 million, Technology of $6.8 million, and Other intangible assets of $0.8 million, which have a weighted average amortization period of 15.0 years, 14.0 years, and 8.0 years, respectively.

Total intangible amortization expense for the three months ended March 31, 2019 was $11.2 million as compared to $9.6 million in the comparable prior year period. The estimated amortization expense for the five years ending December 31, 2019 through 2023 is $45.3 million, $43.4 million, $41.5 million, $39.0 million, and $35.3 million, respectively.