MOLX » Topics » 13. Other Intangible Assets

This excerpt taken from the MOLX 10-K filed Sep 12, 2005.

13. Other Intangible Assets

Intellectual property assets primarily represent rights acquired under technology licenses and are amortized over the periods of benefit, not to exceed 10 years, generally on a straight-line basis.

All of the Company’s intangible assets other than goodwill are included in “Other Assets” and are subject to amortization as follows:
License Fees
   
Patents
   
Total
At June 30, 2005:
Gross carrying value
$
11,232
   
$
2,340
   
$
13,572
Accumulated amortization
(6,542
)
   
(704
)
   
(7,246
)
Net carrying value
$
4,690
   
$
1,636
   
$
6,326
 
At June 30, 2004:
Gross carrying value
$
11,584
   
$
2,512
   
$
14,096
Accumulated amortization
(6,544
)
   
(340
)
   
(6,884
)
Net carrying value
$
5,040
   
$
2,172
   
$
7,212
-50-

Total amortization expense for intangible assets was $3,062, $3,284 and $4,013 in 2005, 2004 and 2003, respectively. Estimated future amortization expense for intangible assets is $2,151, $1,620, $1,086, $799 and $245 in 2006, 2007, 2008, 2009 and 2010, respectively.

"13. Other Intangible Assets" elsewhere:

Kemet (KEM)
Maxwell Technologies (MXWL)
Temple-Inland (TIN)
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