GLOBAL REACH. LEADlNG TECHNOLOGY. - Zonebourse.com

3. Goodwill and Intangible Assets
Joy Global Inc.
Notes to Consolidated Financial Statements
October 31, 2008
The gross carrying amount and accumulated amortization of our intangible assets other than goodwill as of
October 31, 2008 and October 26, 2007, were as follows:
Weighted
October 31, 2008 October 26, 2007
Average Gross Gross
Amortization Carrying Accumulated Carrying Accumulated
In thousands Period Amount Amortization Amount Amortization
Finite lived other intangible assets:
Engineering drawings 6 years $ 2,900 $ (1,088) $ 2,900 $ (604)
Customer relationships 20 years 105,200 (7,127) 31,000 (2,519)
Backlog 1 year 15,089 (15,007) 5,990 (5,990)
Non-compete agreements 5 years 5,800 (2,435) 5,300 (1,325)
Patents 17 years 21,118 (5,853) 10,559 (4,886)
Unpatented technology 32 years 1,236 (200) 1,147 (140)
Subtotal 16.0 years 151,343 (31,710) 56,896 (15,464)
Indefinite lived other intangible assets:
Trademarks 75,400 - 21,500 -
Total other intangible assets $ 226,743 $ (31,710) $ 78,396 $ (15,464)
Changes in the carrying amount of goodwill in fiscal 2008 are as follows:
Underground Surface
Mining Mining Crushing &
In thousands Machinery Equipment Conveying
Balance as of October 26, 2007 $ 7,018 $ 9,766 $ -
Goodwill acquired during the year - - 111,796
Translation adjustments - (2,443) (1,143)
Balance as of October 31, 2008 $ 7,018 $ 7,323 $ 110,653
Amortization expense for finite-lived intangible assets was $16.2 million, $8.9 million and $3.4 million, for
fiscal 2008, 2007, and 2006, respectively.
Estimated future annual amortization expense is as follows:
In thousands
For the fiscal year ending:
2009 $ 8,417
2010 8,247
2011 7,904
2012 6,934
2013 6,467
F-15