Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2012

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Note 11—Goodwill and Other Intangible Assets

As of September 30, 2012, the Company has goodwill totaling $1,876,539, of which $1,758,607 is related to the Interconnect Products and Assemblies segment with the remainder related to the Cable Products segment.  For the nine months ended September 30, 2012, goodwill increased by $130,426, primarily as a result of four acquisitions made during the year, of which $86,043 relates to the Interconnect Products and Assemblies segment with the remainder related to the Cable Products segment.

The Company’s intangible assets are subject to amortization except for goodwill. A summary of the Company’s amortizable intangible assets as of September 30, 2012 and December 31, 2011 is as follows:

	September 30, 2012				December 31, 2011
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Customer relationships	$	147,200	$	49,500	$	134,700	$	38,800
Proprietary technology	45,300		17,700		41,800		15,300
License agreements	6,000		5,100		6,000		4,600
Trade names and other	9,400		8,300		9,400		9,200
Total	$	207,900	$	80,600	$	191,900	$	67,900

Customer relationships, proprietary technology, license agreements and trade names and other amortizable intangible assets have weighted average useful lives of approximately 10 years, 13 years, 8 years and 15 years, respectively, for an aggregate weighted average useful life of approximately 11 years.

Intangible assets are included in other long-term assets in the accompanying Condensed Consolidated Balance Sheets.  The amortization expense for the three months ended September 30, 2012 and 2011 was approximately $4,700 and $3,800, respectively.  The amortization expense for the nine months ended September 30, 2012 and 2011 was approximately $13,900 and $11,100, respectively.  As of September 30, 2012, amortization expense estimated for each of the next five fiscal years is approximately $18,800 in 2012, $16,800 in 2013, $14,800 in 2014, $14,300 in 2015, and $13,500 in 2016.