XML 19 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Intangible Assets
6 Months Ended
Apr. 30, 2012
Intangible Assets [Abstract]  
Intangible Assets

Note 3. Intangible Assets

Goodwill

 

(In thousands)

   CooperVision     CooperSurgical     Total  

Balance as of October 31, 2010

   $ 1,044,272      $ 217,704      $ 1,261,976   

Net additions during the year ended October 31, 2011

     952        12,272        13,224   

Translation

     1,363        4        1,367   
  

 

 

   

 

 

   

 

 

 

Balance as of October 31, 2011

     1,046,587        229,980        1,276,567   

Net additions during the six-month period ended April 30, 2012

     260        (120     140   

Translation

     (1,216     (47     (1,263
  

 

 

   

 

 

   

 

 

 

Balance as of April 30, 2012

   $ 1,045,631      $ 229,813      $ 1,275,444   
  

 

 

   

 

 

   

 

 

 

 

We performed our annual impairment test in our fiscal third quarter of 2011, and our analysis indicated that we had no impairment of goodwill. As described in our Annual Report on Form 10-K for the fiscal year ended October 31, 2011, we will continue to monitor conditions and changes which could indicate that our recorded goodwill may be impaired.

Other Intangible Assets

 

     As of April 30, 2012      As of October 31, 2011  

(In thousands)

   Gross Carrying
Amount
     Accumulated
Amortization
& Translation
     Gross Carrying
Amount
     Accumulated
Amortization
& Translation
 

Trademarks

   $ 3,204       $ 1,517       $ 3,204       $ 1,431   

Technology

     110,283         67,142         109,896         62,525   

Shelf space and market share

     110,296         53,479         110,296         47,861   

License and distribution right and other

     23,782         7,350         23,782         7,020   
  

 

 

    

 

 

    

 

 

    

 

 

 
     247,565       $ 129,488         247,178       $ 118,837   
     

 

 

       

 

 

 

Less accumulated amortization and translation

     129,488            118,837      
  

 

 

       

 

 

    

Other intangible assets, net

   $ 118,077          $ 128,341      
  

 

 

       

 

 

    

We estimate that amortization expense for our existing other intangible assets will average $20.6 million per year in the three-year period ending October 31, 2014, and average $11.7 million in the two succeeding years ending October 31, 2016.