Cost in Excess of Net Assets of Companies Acquired and Intangible Assets, Net

Goodwill represents the excess of the cost of an acquisition over the fair value of the net assets acquired. The company tests goodwill and other indefinite-lived intangible assets for impairment annually as of the first day of the fourth quarter, or more frequently if indicators of potential impairment exist.

Cost in excess of net assets of companies acquired, allocated to the company's business segments, is as follows:



	Global Components			Global ECS			Total
Balance as of December 31, 2014 (a)	$	1,051,783		$	1,017,426		$	2,069,209
Acquisitions	90,864			14			90,878
Foreign currency translation adjustment	(4,556		)	(53,339		)	(57,895		)
Balance as of March 28, 2015 (a)	$	1,138,091		$	964,101		$	2,102,192


(a)	The total carrying value of cost in excess of net assets of companies acquired for all periods in the table above is reflected net of $1,018,780 of accumulated impairment charges, of which $716,925 was recorded in the global components business segment and $301,855 was recorded in the global ECS business segment.

Intangible assets, net, are comprised of the following as of March 28, 2015:



	Weighted-Average Life	Gross Carrying Amount		Accumulated Amortization			Net
Trade names	indefinite	$	101,000	$	—		$	101,000
Customer relationships	10 years	411,160		(178,098		)	233,062
Developed technology	5 years	13,223		(5,970		)	7,253
Other intangible assets	(b)	1,143		(871		)	272
		$	526,526	$	(184,939	)	$	341,587

Intangible assets, net, are comprised of the following as of December 31, 2014:



	Weighted-Average Life	Gross Carrying Amount		Accumulated Amortization			Net
Trade names	indefinite	$	101,000	$	—		$	101,000
Customer relationships	10 years	402,036		(171,071		)	230,965
Developed technology	5 years	8,806		(5,444		)	3,362
Other intangible assets	(b)	1,719		(1,335		)	384
		$	513,561	$	(177,850	)	$	335,711


(b)	Consists of non-competition agreements with useful lives ranging from two to three years.

During the first quarters of 2015 and 2014, the company recorded amortization expense related to identifiable intangible assets of $11,107 ($9,029 net of related taxes or $.09 per share on both a basic and diluted basis) and $10,947 ($8,907 net of related taxes or $.09 per share on both a basic and diluted basis), respectively.