Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

v2.4.0.8
INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2013
Summary of Acquired Intangible Assets

The following table summarizes acquired intangible assets as follows:

 

     December 31, 2013      December 31, 2012  
(In thousands)    Weighted
Average Life
     Gross Carrying
Amount
     Accumulated
Amortization
     Gross Carrying
Amount
     Accumulated
Amortization
 

Patents

     11 Years       $ 2,146       $ 891       $ 1,271       $ 784   

Trade Names

     10 Years         7,453         552         2,453         162   

Completed and Unpatented Technology

     10 Years         15,377         2,620         6,377         1,749   

Backlog and Customer Relationships

     14 Years         88,998         7,210         13,085         3,968   
     

 

 

    

 

 

    

 

 

    

 

 

 

Total Intangible Assets

     13 Years       $ 113,974       $ 11,273       $ 23,186       $ 6,663   
     

 

 

    

 

 

    

 

 

    

 

 

Summary of Amortization Expense for Intangible Assets for Each of Next Five Years

Based upon acquired intangible assets at December 31, 2013, amortization expense for each of the next five years is estimated to be:

 

(In thousands)       

2014

   $ 10,129   

2015

     8,249   

2016

     8,073   

2017

     8,064   

2018

     7,974   

Peco, Inc [Member]
 
Summary of Acquired Intangible Assets

The amounts allocated to the purchased intangible assets consist of the following:

 

(In thousands)

   Weighted
Average Life
   Acquisition
Fair Value
 

Trademark

   10 Years    $ 4,200   

Technology

   10 Years      3,300   

Customer Relationships/Backlog

   1.5-16 Years      61,500   
     

 

 

 
      $ 69,000