BOOM » Topics » Purchased Intangible Assets

These excerpts taken from the BOOM 10-K filed Mar 14, 2008.

Purchased Intangible Assets

        The Company accounts for purchased intangible assets, which include core technology, customer relationships, order backlog and trademarks / trade names in accordance with SFAS No. 142. Impairment, if any, is calculated based upon management evaluation whereby, estimated undiscounted future cash flows associated with these assets or operations are compared with their carrying value to determine if a write-down to fair value is required. Finite lived intangible assets are amortized over the estimated useful life of the related assets which have a weighted average amortization period of 13 years in total.

        The weighted average amortization period of the intangible assets by asset category are as follows:

Core technology   20 years
Customer relationships   9 years
Trademarks / Trade names   9 years
Order backlog DYNAplat   within 1 year

        The following table presents details of intangible assets as of December 31, 2007:

 
  Gross
  Accumulated
Amortization

  Net
Core technology   $ 24,653   $ (154 ) $ 24,499
Customer relationships     33,263     (461 )   32,802
Trademarks / Trade names     2,685     (50 )   2,635
Oder backlog DYNAplat     2,504     (526 )   1,978
   
 
 
Total intangible assets   $ 63,105   $ (1,191 ) $ 61,914
   
 
 

        Expected future amortization of intangible assets is as follows:

For the years ended December 31—      
  2008   $ 7,309
  2009     5,331
  2010     5,307
  2011     5,141
  2012     5,141
  Thereafter     33,685
   
    $ 61,914
   

Purchased Intangible Assets





        The Company accounts for purchased intangible assets, which include core technology, customer relationships, order backlog and trademarks / trade names in
accordance with SFAS No. 142. Impairment, if any, is calculated based upon management evaluation whereby, estimated undiscounted future cash flows associated with these assets or operations are
compared with their carrying value to determine if a write-down to fair value is required. Finite lived intangible assets are amortized over the estimated useful life of the related assets
which have a weighted average amortization period of 13 years in total.



        The
weighted average amortization period of the intangible assets by asset category are as follows:

























Core technology 20 years
Customer relationships 9 years
Trademarks / Trade names 9 years
Order backlog DYNAplat within 1 year




        The
following table presents details of intangible assets as of December 31, 2007:




























































































 
 Gross
 Accumulated

Amortization

 Net
Core technology $24,653 $(154)$24,499
Customer relationships  33,263  (461) 32,802
Trademarks / Trade names  2,685  (50) 2,635
Oder backlog DYNAplat  2,504  (526) 1,978
  
 
 
Total intangible assets $63,105 $(1,191)$61,914
  
 
 




        Expected
future amortization of intangible assets is as follows:





































































For the years ended December 31—   
 2008 $7,309
 2009  5,331
 2010  5,307
 2011  5,141
 2012  5,141
 Thereafter  33,685
  
  $61,914
  





EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 14, 2008

RELATED TOPICS for BOOM:

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