GOODWILL AND INTANGIBLE ASSETS
The following table presents goodwill, allocated by reportable segment.
|
| | | | | | | |
| 2013 | | 2012 |
Life Sciences | $ | 180,896 |
| | $ | 178,359 |
|
Industrial | 161,596 |
| | 160,582 |
|
| $ | 342,492 |
| | $ | 338,941 |
|
Intangible assets consist of the following:
|
| | | | | | | | | | | |
| 2013 |
| Gross |
| | Accumulated Amortization |
| | Net |
|
Patents and unpatented technology | $ | 123,707 |
| | $ | 69,992 |
| | $ | 53,715 |
|
Customer-related intangibles | 97,016 |
| | 22,425 |
| | 74,591 |
|
Trademarks | 13,291 |
| | 6,166 |
| | 7,125 |
|
Other | 4,425 |
| | 2,613 |
| | 1,812 |
|
| $ | 238,439 |
| | $ | 101,196 |
| | $ | 137,243 |
|
|
| | | | | | | | | | | |
| 2012 |
| Gross |
| | Accumulated Amortization |
| | Net |
|
Patents and unpatented technology | $ | 125,938 |
| | $ | 65,262 |
| | $ | 60,676 |
|
Customer-related intangibles | 93,901 |
| | 13,323 |
| | 80,578 |
|
Trademarks | 13,104 |
| | 5,269 |
| | 7,835 |
|
Other | 5,179 |
| | 3,124 |
| | 2,055 |
|
| $ | 238,122 |
| | $ | 86,978 |
| | $ | 151,144 |
|
Goodwill and intangible assets were primarily impacted by changes in the foreign exchange rates used to translate goodwill and intangible assets of foreign subsidiaries. Intangible assets were additionally impacted by the acquisitions of distributors in fiscal year 2013.
Amortization expense from continuing operations for intangible assets for fiscal years 2013, 2012 and 2011 was $19,856, $20,535 and $13,436, respectively. Amortization expense is estimated to be approximately $17,696 in fiscal year 2014, $15,989 in fiscal year 2015, $14,760 in fiscal year 2016, $14,681 in fiscal year 2017 and $14,558 in fiscal year 2018.
