XML 77 R12.htm IDEA: XBRL DOCUMENT

Goodwill And Other Intangible Assets

12 Months Ended

Dec. 31, 2014

Goodwill And Other Intangible Assets [Abstract]

Note 5—Goodwill and Other Intangible Assets

The changes each year in goodwill allocated to the Company's reportable segments were as follows:

(in thousands)		Americas		Asia		Total
Goodwill at December 31, 2011	$	—	$	37,912	$	37,912
Acquisitions		—		—		—
Goodwill at December 31, 2012		—		37,912		37,912
Acquisitions		6,641		138		6,779
Goodwill at December 31, 2013		6,641		38,050		44,691
Purchase accounting adjustments		1,227		52		1,279
Goodwill at December 31, 2014	$	7,868	$	38,102	$	45,970

The purchase accounting adjustments related to the CTS Acquisition were based on management's estimates resulting from review of information obtained after the acquisition date that related to facts and circumstances that existed at the acquisition date. See Note 2.

Other assets consist primarily of acquired identifiable intangible assets and capitalized purchased software costs. Other intangible assets as of December 31, 2014 and 2013 were as follows:

		Gross				Net
		Carrying		Accumulated		Carrying
(in thousands)		Amount		Amortization		Amount
Customer relationships	$	33,188	$	(16,099)	$	17,089
Technology licenses		11,300		(9,434)		1,866
Other		868		(190)		678
Other intangible assets, December 31, 2014	$	45,356	$	(25,723)	$	19,633

		Gross				Net
		Carrying		Accumulated		Carrying
(in thousands)		Amount		Amortization		Amount
Customer relationships	$	33,348	$	(12,900)	$	20,448
Technology licenses		11,300		(8,999)		2,301
Other		868		(166)		702
Other intangible assets, December 31, 2013	$	45,516	$	(22,065)	$	23,451

Customer relationships are being amortized on a straight-line basis over a period of ten years. Technology licenses are being amortized over their estimated useful lives in proportion to the economic benefits consumed. Amortization of other intangible assets for 2014, 2013 and 2012 was $3.8 million, $3.3 million and $2.7 million, respectively.

The estimated future amortization expense of other intangible assets for each of the next five years is as follows (in thousands):

Year ending December 31,		Amount
2015	$	4,018
2016		4,077
2017		2,022
2018		1,574
2019		1,574

During 2014, 2013 and 2012, $1.2 million, $1.9 million and $1.1 million, respectively, of purchased software costs were capitalized. As of December 31, 2014 and 2013, purchased software, net of accumulated amortization totaled $2.7 million and $2.5 million, respectively. The accumulated amortization of purchased software costs at December 31, 2014 and 2013 was $26.6 million and $25.0 million, respectively. Capitalized purchased software costs are amortized straight-line over the estimated useful life of the related software, which ranges from 3 to 7 years.

As of December 31, 2013, the Company had an asset held for sale in other assets with a net book value of $5.4 million. During 2014, the Company completed the sale of its Tianjin subsidiary which included this asset for $5.7 million resulting in a $1.5 million gain.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References+ Details