Goodwill and Intangibles Assets (Tables)
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9 Months Ended |
Sep. 30, 2016 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Goodwill [Table Text Block] |
The changes in the carrying amount of goodwill were as follows:
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Carrying Value |
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(in thousands) |
Balance as of January 1, 2016 |
$ |
49,779 |
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Acquisition of wireless infrastructure access business |
6,935 |
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Acquisition of wireless infrastructure backhaul business |
19,080 |
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Balance as of September 30, 2016 |
$ |
75,794 |
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| Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block] |
The following table sets forth the Company’s finite-lived intangible assets resulting from business acquisitions and technology licenses purchased, which continue to be amortized:
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September 30, 2016 |
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December 31, 2015 |
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Weighted
Average
Useful Life
(in Years)
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Gross Carrying Amount |
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Accumulated Amortization |
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Net Carrying Amount |
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Gross Carrying Amount |
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Accumulated Amortization |
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Net Carrying Amount |
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(in thousands) |
Licensed technology |
3 |
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$ |
3,311 |
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$ |
(2,917 |
) |
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$ |
394 |
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$ |
2,921 |
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$ |
(2,725 |
) |
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$ |
196 |
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Developed technology |
7 |
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74,700 |
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(10,882 |
) |
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63,818 |
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47,000 |
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(4,652 |
) |
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42,348 |
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Trademarks and trade names |
7 |
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1,700 |
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(344 |
) |
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1,356 |
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1,700 |
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(162 |
) |
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1,538 |
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Customer relationships |
3.7 |
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20,000 |
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(3,036 |
) |
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16,964 |
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4,700 |
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(627 |
) |
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4,073 |
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Covenants non-compete |
3 |
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900 |
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(81 |
) |
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819 |
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— |
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— |
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— |
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Backlog |
0.5 |
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26,600 |
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(25,566 |
) |
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1,034 |
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24,200 |
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(24,200 |
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— |
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$ |
127,211 |
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$ |
(42,826 |
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$ |
84,385 |
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$ |
80,521 |
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$ |
(32,366 |
) |
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$ |
48,155 |
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| Schedule of Finite-Lived Intangible Assets [Table Text Block] |
The following table sets forth the activity during the nine months ended September 30, 2016 related to finite-lived intangible assets resulting from the acquisition of the wireless infrastructure access business, wireless infrastructure backhaul business, other additions and amortization of acquired finite-lived intangible assets:
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Carrying Amount |
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(in thousands) |
Balance as of December 31, 2015 |
$ |
48,155 |
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Acquisition of wireless infrastructure access business |
12,300 |
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Acquisition of wireless infrastructure backhaul business |
34,000 |
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Other additions |
390 |
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Amortization |
(10,460 |
) |
Balance as of September 30, 2016 |
$ |
84,385 |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] |
The following table presents future amortization of the Company’s finite-lived intangible assets at September 30, 2016:
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Amortization |
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(in thousands) |
2016 (three months) |
$ |
5,623 |
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2017 |
18,360 |
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2018 |
18,343 |
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2019 |
12,042 |
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2020 |
11,228 |
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2021 |
10,850 |
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Thereafter |
7,939 |
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Total |
$ |
84,385 |
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| Schedule of Indefinite-Lived Intangible Assets [Table Text Block] |
The following table sets forth the activity of the Company’s indefinite-lived intangible assets, which consists of in-process research and development technology:
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Gross Carrying Amount |
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(in thousands) |
Balance as of December 31, 2015 |
$ |
3,200 |
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Acquisition of wireless infrastructure access business |
1,300 |
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Acquisition of wireless infrastructure backhaul business |
22,300 |
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IPR&D impairment losses (1)
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(1,300 |
) |
Balance as of September 30, 2016 |
$ |
25,500 |
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