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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2013
Goodwill and Intangible Assets  
Schedule of changes in the carrying amount of goodwill

 

 

 

 

Package

 

 

 

Industrial

 

 

 

 

 

Testing

 

Permeation

 

Analyzers & Other

 

Total

 

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2012

 

$

5,940,437

 

$

2,179,071

 

$

609,930

 

$

8,729,438

 

Foreign currency translation

 

(169,857

)

(54,613

)

 

(224,470

)

Balance as of March 31, 2013

 

$

5,770,580

 

$

2,124,458

 

$

609,930

 

$

8,504,968

 

Schedule of other intangible assets

 

 

 

 

As of March 31, 2013

 

 

 

Cost

 

Accumulated
Amortization

 

Net

 

Estimated
Useful Lives

 

Patents

 

$

1,536,006

 

$

(439,474

)

$

1,096,532

 

10 to 17 years

 

Trademarks and trade names

 

4,183,678

 

(656,076

)

3,527,602

 

5 to 20 years

 

Developed technology

 

7,198,420

 

(799,825

)

6,398,595

 

9 years

 

Customer relationships

 

841,820

 

(93,535

)

748,285

 

9 years

 

Other intangibles

 

304,318

 

(91,280

)

213,038

 

7 years

 

 

 

$

14,064,242

 

$

(2,080,190

)

$

11,984,052

 

 

 

 

 

 

As of December 31, 2012

 

 

 

Cost

 

Accumulated
Amortization

 

Net

 

Estimated
Useful Lives

 

Patents

 

$

1,485,164

 

$

(428,409

)

$

1,056,755

 

10 to 17 years

 

Trademarks and trade names

 

4,295,181

 

(608,861

)

3,686,320

 

5 to 20 years

 

Developed technology

 

7,424,680

 

(618,723

)

6,805,957

 

9 years

 

Customer relationships

 

868,280

 

(72,357

)

795,923

 

9 years

 

Other intangibles

 

125,118

 

(88,459

)

36,659

 

3.75 years

 

 

 

$

14,198,423

 

$

(1,816,809

)

$

12,381,614

 

 

 

Schedule of estimated amortization expense related to the intangible assets

 

 

 

 

Estimated
Expense

 

2013

 

$

864,402

 

2014

 

$

1,142,733

 

2015

 

$

1,138,081

 

2016

 

$

1,121,482

 

2017

 

$

1,109,991

 

2018 and thereafter

 

$

5,773,408