NVLS » Topics » Intangible Assets

This excerpt taken from the NVLS 10-Q filed May 6, 2009.

Intangible Assets

The following tables provide details of our acquired intangible assets:

 

    March 28, 2009   December 31, 2008
    Weighted
Average
Amortization
Period
        Gross         Accumulated
Amortization
            Net           Weighted
Average
Amortization
Period
        Gross         Accumulated
Amortization
            Net        
    (Years)       (In thousands)         (Years)       (In thousands)      

Patents and other intangible assets

  11   $ 18,651   $ (3,466 )   $ 15,185   12   $ 16,656   $ (3,110 )   $ 13,546

Developed technology

  6     30,443     (26,883 )     3,560   6     30,829     (26,619 )     4,210

Trademark

  10     7,287     (3,285 )     4,002   10     7,532     (3,214 )     4,318
                                           

Total intangible assets

  9   $ 56,381   $ (33,634 )   $ 22,747   9   $ 55,017   $ (32,943 )   $ 22,074
                                           

During the three months ended March 28, 2009, we purchased certain technology patents related to our Semiconductor Group with a fair value of $2.0 million and a weighted average amortization period of 6 years. Our estimated amortization expense for currently recognized identifiable intangible assets is approximately $3.5 million for the three remaining quarters of 2009, and $3.6 million, $2.6 million, $2.6 million, $2.6 million and $2.3 million for the years ending December 31, 2010, 2011, 2012, 2013 and 2014, respectively. As of March 28, 2009, we had no identifiable intangible assets with indefinite lives.

This excerpt taken from the NVLS 10-K filed Feb 27, 2009.

Intangible Assets

Our acquired intangible assets are as follows:

 

December 31, 2008

   Weighted
Average
Amortization
Period
   Gross    Accumulated
Amortization
    Net
     (Years)         (In thousands)      

Patents and other intangibles

   12    $ 16,656    $ (3,110 )   $ 13,546

Developed technology

   6      30,829      (26,619 )     4,210

Trademark

   10      7,532      (3,214 )     4,318
                        

Total

   9    $ 55,017    $ (32,943 )   $ 22,074
                        

 

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NOVELLUS SYSTEMS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

 

December 31, 2007

   Weighted
Average
Amortization
Period
   Gross    Accumulated
Amortization
    Net
     (Years)         (In thousands)      

Patents and other intangibles

   12    $ 16,661    $ (1,679 )   $ 14,982

Developed technology

   6      30,270      (22,169 )     8,101

Trademark

   10      7,473      (2,616 )     4,857
                        

Total

   8    $ 54,404    $ (26,464 )   $ 27,940
                        

The amortization expense for the identifiable intangible assets was approximately $7.0 million, $7.1 million and $6.3 million for the years ended December 31, 2008, 2007 and 2006, respectively. Our estimated amortization expense for the identifiable intangible assets for each of the next five fiscal years will be approximately $4.4 million for 2009, $3.3 million for 2010, $2.3 million for 2011, $2.3 million for 2012 and $2.3 million for 2013. In 2008 we acquired developed technology and a trademark intangibles with a fair value of $1.1 million and $0.4 million, respectively, and weighted average amortization periods of 6 and 10 years, respectively, related to our acquisition of Micron Machine Tools, Inc. As of December 31, 2008, we had no identifiable intangible assets with indefinite lives.

This excerpt taken from the NVLS 10-Q filed Nov 5, 2008.

Intangible Assets

The following tables provide details of our acquired intangible assets:

 

     September 27, 2008    December 31, 2007
     Weighted
Average

Amortization
Period
   Gross    Accumulated
Amortization
    Net    Weighted
Average

Amortization
Period
   Gross    Accumulated
Amortization
    Net
     (Years)    (In thousands)    (Years)    (In thousands)

Patents and other intangible assets

   12    $ 16,661    $ (2,755 )   $ 13,906    12    $ 16,661    $ (1,679 )   $ 14,982

Developed technology

   6      30,229      (25,952 )     4,277    6      30,270      (22,169 )     8,101

Trademark

   10      7,447      (3,165 )     4,282    10      7,473      (2,616 )     4,857
                                                 

Total intangible assets

   8    $ 54,337    $ (31,872 )   $ 22,465    8    $ 54,404    $ (26,464 )   $ 27,940
                                                 

Our estimated amortization expense for currently recognized identifiable intangible assets is approximately $1.6 million in the fourth quarter of 2008, and $4.3 million, $3.2 million, $2.1 million, $2.1 million and $2.1 million for the years ending December 31, 2009, 2010, 2011, 2012 and 2013, respectively. As of September 27, 2008, we had no identifiable intangible assets with indefinite lives.

This excerpt taken from the NVLS 10-Q filed Aug 7, 2008.

Intangible Assets

The following tables provide details of our acquired intangible assets:

 

June 28, 2008

   Weighted
Average
Amortization
Period
   Gross    Accumulated
Amortization
    Net
     (Years)         (In thousands)      

Patents and other intangibles

   12    $ 16,670    $ (2,401 )   $ 14,269

Developed technology

   6      30,958      (25,169 )     5,789

Trademark

   10      7,910      (3,164 )     4,746
                        

Total intangible assets

   8    $ 55,538    $ (30,734 )   $ 24,804
                        

December 31, 2007

   Weighted
Average
Amortization
Period
   Gross    Accumulated
Amortization
    Net
     (Years)         (In thousands)      

Patents and other intangibles

   12    $ 16,661    $ (1,679 )   $ 14,982

Developed technology

   6      30,270      (22,169 )     8,101

Trademark

   10      7,473      (2,616 )     4,857
                        

Total intangible assets

   8    $ 54,404    $ (26,464 )   $ 27,940
                        

Our estimated amortization expense for currently recognized identifiable intangible assets is approximately $3.5 million in the next two quarters of 2008, and $4.5 million, $3.3 million, $2.2 million, $2.2 million and $2.2 million for the years ending December 31, 2009, 2010, 2011, 2012 and 2013, respectively. As of June 28, 2008, we had no identifiable intangible assets with indefinite lives.

This excerpt taken from the NVLS 10-Q filed May 7, 2008.

Intangible Assets

The following tables provide details of our acquired intangible assets:

 

March 29, 2008

   Weighted
Average
Amortization
Period
   Gross    Accumulated
Amortization
    Net
     (Years)         (In thousands)      

Patents and other intangibles

   12    $ 16,672    $ (2,043 )   $ 14,629

Developed technology

   6      31,160      (23,996 )     7,164

Trademark

   10      8,039      (3,014 )     5,025
                        

Total

   8    $ 55,871    $ (29,053 )   $ 26,818
                        

 

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December 31, 2007

   Weighted
Average
Amortization
Period
   Gross    Accumulated
Amortization
    Net
     (Years)         (In thousands)      

Patents and other intangibles

   12    $ 16,661    $ (1,679 )   $ 14,982

Developed technology

   6      30,270      (22,169 )     8,101

Trademark

   10      7,473      (2,616 )     4,857
                        

Total

   8    $ 54,404    $ (26,464 )   $ 27,940
                        

Our estimated amortization expense for currently recognized identifiable intangible assets is approximately $4.6 million, $3.3 million, $2.2 million, $2.2 million and $2.2 million for the years ending December 31, 2009, 2010, 2011, 2012 and 2013, respectively. As of March 29, 2008, we had no identifiable intangible assets with indefinite lives.

This excerpt taken from the NVLS 10-K filed Mar 16, 2006.
Intangible Assets
 
Our acquired intangible assets are as follows (in thousands):
 
                         
          Accumulated
       
December 31, 2005
  Gross     Amortization     Net  
 
Patents
  $ 4,201     $ (1,225 )   $ 2,976  
Developed technology
    28,042       (11,422 )     16,620  
Trademark
    6,065       (903 )     5,162  
Other intangible assets
    161       (99 )     62  
                         
Total
  $ 38,469     $ (13,649 )   $ 24,820  
                         
 


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NOVELLUS SYSTEMS, INC.
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

                         
          Accumulated
       
December 31, 2004
  Gross     Amortization     Net  
 
Patents
  $ 4,197     $ (525 )   $ 3,672  
Developed technology
    28,095       (6,928 )     21,167  
Trademark
    6,809       (340 )     6,469  
Other intangible assets
    138       (81 )     57  
                         
Total
  $ 39,239     $ (7,874 )   $ 31,365  
                         
 
The amortization expense for the identifiable intangible assets was approximately $6.0 million, $7.9 million and $3.6 million for the years ended December 31, 2005, 2004 and 2003, respectively. Our estimated amortization expense for the identifiable intangible assets for each of the next five fiscal years will be approximately $5.9 million for 2006, $6.0 million for 2007, $5.8 million for 2008, $3.1 million for 2009 and $1.7 million for 2010. As of December 31, 2005, we have no identifiable intangible assets with indefinite lives.
 
Note 7.   Business Combination
 
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