Goodwill And Other Intangible Assets

3 Months Ended

Mar. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]


4.	GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill – The following table provides the changes to the carrying value of goodwill for the three month period ended March 31, 2014:




(in thousands)	Knee		Hip		Biologics and Spine		Extremities		Other		Total
Balance as of December 31, 2013	$	3,830	$	670	$	7,553	$	459	$	1,002	$	13,514
Foreign currency translation effects	—		—		—		—		—		—
Balance as of March 31, 2014	$	3,830	$	670	$	7,553	$	459	$	1,002	$	13,514

We test goodwill for impairment annually as of the 1^st of October. Our impairment analysis as of October 1, 2013 indicated no impairment of goodwill.

Other Intangible Assets – The following table summarizes the carrying values of our other intangible assets at March 31, 2014 and December 31, 2013:




(in thousands)	Carrying Value		Accumulated Amortization		Net Carrying Value		Weighted Avg Amortization Period
Balance at March 31, 2014
Product licenses and designs	$	15,506	$	6,372	$	9,134	10.1
Patents and trademarks	4,777		2,849		1,928		14.0
Customer relationships	3,168		2,613		555		6.9

Balance at December 31, 2013
Product licenses and designs	$	15,522	$	6,065	$	9,457	10.1
Patents and trademarks	4,777		2,772		2,005		13.9
Customer relationships	3,168		2,499		669		6.9

- 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.

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