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Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2012

Goodwill and Other Intangible Assets [Abstract]

5. Goodwill and Other Intangible Assets

The following table provides the changes in carrying value of goodwill by segment for the three months ended March 31, 2012:

	Communication Technologies			Energy		Engineered Systems			Printing & Identification		Total
Goodwill	$	1,204,582		$	622,335	$	1,005,981		$	1,024,780	$	3,857,678
Accumulated impairment loss		-			-		(70,561	)		-		(70,561	)
Balance at January 1, 2012		1,204,582			622,335		935,420			1,024,780		3,787,117
Acquisitions		-			-		164,650			-		164,650
Purchase price adjustments		(6,998	)		-		-			-		(6,998	)
Foreign currency translation		6,532			2,005		4,159			2,307		15,003
Balance at March 31, 2012	$	1,204,116		$	624,340	$	1,104,229		$	1,027,087	$	3,959,772

During the three months ended March 31, 2012, the Company recorded adjustments totaling $6,998 to goodwill relating primarily to the finalization of purchase price for the 2011 Sound Solutions acquisition. In April 2012, the Company received $45,000 as final settlement from NXP for the Sound Solutions post-acquisition contingencies.

The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset:

	March 31, 2012				December 31, 2011
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortized Intangible Assets:
Trademarks	$	77,892	$	21,714	$	66,428	$	20,518
Patents		147,767		102,577		145,864		99,990
Customer Intangibles		1,283,172		406,589		1,171,608		380,196
Unpatented Technologies		154,324		102,145		142,405		98,193
Drawings & Manuals		8,226		5,391		8,165		5,153
Distributor Relationships		73,174		29,462		73,162		28,500
Other		32,662		21,061		28,677		20,251
Total		1,777,217		688,939		1,636,309		652,801
Unamortized Intangible Assets:
Trademarks		219,003				223,576
Total Intangible Assets	$	1,996,220	$	688,939	$	1,859,885	$	652,801

Amortization expense totaled $35,404 and $27,496 for the three months ended March 31, 2012 and 2011, 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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