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GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2011

GOODWILL AND INTANGIBLE ASSETS [Abstract]

GOODWILL AND INTANGIBLE ASSETS [Text Block]

9. GOODWILL AND INTANGIBLE ASSETS

Goodwill

Goodwill resulting from the Company's acquisitions consisted of the following at June 30, 2011 and December 31, 2010 (in thousands):

	June 30, 2011			December 31, 2010
Goodwill	$	419,420		$	418,897
Accumulated impairment losses		(171,900	)		(171,900	)
	$	247,520		$	246,997

Changes in the carrying amount of the Company's goodwill during the six months ended June 30, 2011 consisted of the following (in thousands):

		Total
Goodwill balance at December 31, 2010	$	246,997
Blue Order acquisition purchase accounting allocation adjustments		(105	)
Euphonix acquisition purchase accounting allocation adjustments		(176	)
Foreign exchange and other adjustments		804
Goodwill balance at June 30, 2011	$	247,520

There were no interim indicators of goodwill impairment during the three or six months ended June 30, 2011.

Identifiable Intangible Assets

Identifiable intangible assets resulting from the Company's acquisitions consisted of the following at June 30, 2011 and December 31, 2010 (in thousands):

	June 30, 2011						December 31, 2010
	Gross		Accumulated Amortization		Net(a)		Gross		Accumulated Amortization		Net
Completed technologies and patents	$	75,263	$	(69,525)	$	5,738	$	74,820	$	(68,026)	$	6,794
Customer relationships		68,587		(51,009)		17,578		68,330		(47,344)		20,986
Trade names		14,797		(14,220)		577		14,772		(13,737)		1,035
License agreements		560		(560)		-		560		(560)		-
Non-compete agreements (b)		1,502		(770)		732		1,576		(641)		935
	$	160,709	$	(136,084)	$	24,625	$	160,058	$	(130,308)	$	29,750

(a)	The June 30, 2011 net amounts include foreign currency translation changes of approximately $0.5 million from the December 31, 2010 amounts.

(b)	During the six months ended June 30, 2011, the Company wrote-off a fully amortized non-compete agreement with a gross value of approximately $0.2 million.

Amortization expense related to all intangible assets in the aggregate was $2.8 million and $3.4 million for the three-month periods ended June 30, 2011 and 2010, respectively, and $5.7 million and $7.2 million for the six-month periods ended June 30, 2011 and 2010, respectively. The Company expects amortization of these intangible assets to be approximately $6 million for the remainder of 2011, $8 million in 2012, $5 million in 2013, $3 million in 2014, $2 million in 2015 and $1 million in 2016.

- Definition

Discloses 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 or 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. This element may be used as a single block of text to include the entire intangible asset disclosure including data and tables.

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