XML 25 R11.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 4 - Goodwill and Other Intangible Assets
3 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]
4.
Goodwill and Other Intangible Assets
 
The amounts for goodwill and changes in the carrying value by segment for the
three
months ended
March 31, 2018
are as follows:
 
(in thousands)
 
Electronics
   
Automotive
   
Industrial
   
Total
 
As of December 30, 2017
  $
278,959
    $
135,829
    $
38,626
    $
453,414
 
Additions
(a
)
   
381,599
     
     
     
381,599
 
Currency translation
   
2,455
     
3,195
     
(89
)    
5,561
 
As of March 31, 2018
  $
663,013
    $
139,024
    $
38,537
    $
840,574
 
 
 
(a)
The additions resulted from the acquisition of IXYS.
 
The components of other intangible assets at
March 31, 2018
are as follows:
 
(in thousands, except weighted average useful life)
 
Weighted
Average
Useful Life
   
Gross
Carrying
Value
   
 
Accumulated Amortization
   
 
Net Book
Value
 
Patents, licenses and software
 
 10.6
      $
193,622
    $
64,012
    $
129,610
 
Distribution network
 
 12.6
       
44,473
     
33,434
     
11,039
 
Customer relationships, trademarks, and tradenames
 
 18.1
       
314,452
     
59,591
     
254,861
 
Order backlog
 
 1.0
       
12,400
     
2,504
     
9,896
 
Total
 
 
      $
564,947
    $
159,541
    $
405,406
 
 
During the
three
months ended
March 31, 2018,
the Company recorded additions to other intangible assets of
$211.6
million, related to the IXYS acquisition, the components of which were as follows:
 
(in thousands
, except weighted average useful life
)
 
Weighted
Average
Useful Life
   
 
 
Amount
 
Patents, licenses and software
 
8.0
      $
51,500
 
Customer relationships, trademarks,and tradenames
 
17.2
       
147,700
 
Order backlog
 
1.0
       
12,400
 
Total
 
 
      $
211,600
 
 
During the
three
months ended
March 31, 2018
and
April 1, 2017,
the Company recorded amortization expense of
$12.0
million and
$5.9
million, respectively for intangible assets with definite lives.
 
Estimated annual amortization expense related to intangible assets with definite lives as of
March 31, 2018
is as follows:
 
(in thousands)
 
Amount
 
2018   $
54,938
 
2019    
42,005
 
2020    
41,747
 
2021    
39,928
 
2022    
38,918
 
2023 and thereafter
   
197,914
 
Total
  $
415,450