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, 2015 (a)	$	1,230,832		$	1,138,000	$	2,368,832
Acquisitions and related adjustments	(2,341		)	47,613		45,272
Foreign currency translation adjustment	5,651			17,279		22,930
Balance as of April 2, 2016 (a)	$	1,234,142		$	1,202,892	$	2,437,034


(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 April 2, 2016:



	Weighted-Average Life	Gross Carrying Amount		Accumulated Amortization			Net
Trade names	indefinite	$	101,000	$	—		$	101,000
Customer relationships	10 years	501,895		(227,733		)	274,162
Developed technology	5 years	13,625		(8,975		)	4,650
Other intangible assets	(b)	5,623		(1,932		)	3,691
		$	622,143	$	(238,640	)	$	383,503


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

Intangible assets, net, are comprised of the following as of December 31, 2015:



	Weighted-Average Life	Gross Carrying Amount		Accumulated Amortization			Net
Trade names	indefinite	$	101,000	$	—		$	101,000
Customer relationships	10 years	498,319		(215,263		)	283,056
Developed technology	5 years	13,154		(7,894		)	5,260
Other intangible assets	(c)	917		(907		)	10
		$	613,390	$	(224,064	)	$	389,326


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

During the first quarters of 2016 and 2015, the company recorded amortization expense related to identifiable intangible assets of $12,913 ($10,634 net of related taxes or $.12 and $.11 per share on a basic and diluted basis, respectively) and $11,107 ($9,029 net of related taxes or $.09 per share on both a basic and diluted basis), respectively.