Spansion Inc. - 10-Q filing on 2013-08-05

Note 8. Intangible Assets and Goodwill

6 Months Ended

Jun. 30, 2013

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Intangible Assets Disclosure [Text Block]

8. Intangible Assets and Goodwill

Intangible Assets

The following table presents the balance of intangible assets as of the dates indicated below:

	June 30, 2013							December 30, 2012
	(in thousands)
	Gross Amount		Accumulated Amortization			Net Amount		Gross Amount		Accumulated Amortization			Net Amount
Developed Technology	$	111,376	$	(43,583	)	$	67,793	$	111,376	$	(35,386	)	$	75,990
Customer relationships		92,265		(29,992	)		62,273		93,264		(25,191	)		68,073
Trade Names		8,374		(3,912	)		4,462		8,374		(3,284	)		5,090
Total	$	212,015	$	(77,487	)	$	134,528	$	213,014	$	(63,861	)	$	149,153

The actual amortization expense and estimated future amortization expense for intangible assets are summarized below:

	Three Months Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
	(in thousands)

Amortization expense	$	6,813	$	7,317	$	13,626	$	13,979

	Estimated Future Amortization
	(in thousands)
Fiscal 2013 (remaining 6 months)	$	12,976
Fiscal 2014		27,251
Fiscal 2015		27,251
Fiscal 2016		27,419
Fiscal 2017		16,270
Fiscal 2018 and beyond		23,361
Total	$	134,528

Goodwill

The following table presents the balance of goodwill as of the dates indicated below:

	June 30, 2013		December 30, 2012
	(in thousands)

Goodwill	$	166,558	$	166,931

The changes in the carrying amount of goodwill and gross balance of intangibles assets since December 30, 2012 resulted primarily from foreign currency translation adjustments.