XML 25 R9.htm IDEA: XBRL DOCUMENT
v3.19.1

Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure [Text Block] |
| 3. | Goodwill and Intangible Assets
The changes in the carrying amount of goodwill as of December 31, 2018 and 2017 were as follows (in thousands):
Balance as of January 1, 2017 |  | $ | 2,734 |
Foreign currency translation adjustment |  |  | 98 |
Balance as of December 31, 2017 |  |  | 2,832 |
Foreign currency translation adjustment |  |  | (107 | )
Goodwill impairment |  |  | (675 | )
Balance as of December 31, 2018 |  | $ | 2,050 |
The Company recorded a full goodwill impairment of $675,000 for its DDS segment as of June 30, 2018. The Company periodically analyzes whether any indicators of impairment have occurred. As part of these periodic analyses, the Company compares its estimated fair value, as determined based on its stock price, to its net book value. The continued decline in the Company’s stock price was viewed by the Company as a triggering event under ASU 2017-04 which required an assessment for possible goodwill impairment as of June 30, 2018. Under the provisions of ASU 2017-04, which the Company opted to early adopt, goodwill impairment is recognized based on Step 1 of the current guidance, which calculates the carrying value in excess of the reporting unit’s fair value. The Company performed this assessment as of June 30, 2018 and determined that the fair value of the Agility segment exceeded its carrying value, but the fair value of the DDS segment was below its carrying value. As a result, the Company recorded a full goodwill impairment of $675,000 for the DDS segment reporting unit as of June 30, 2018. The Company performed its annual goodwill assessment for the Agility segment as of September 30, 2018 and reached the conclusion that there is no goodwill impairment because the Agility segment’s fair value exceeded its carrying value. The fair value measurement of goodwill was classified within Level 3 of the fair value hierarchy because the income approach was used, which utilizes significant inputs that are unobservable in the market. The Company believes it made reasonable estimates and assumptions to calculate the fair value of the reporting unit as of the impairment test measurement date.
December 31, 2018 |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | - |  |  | $ | - |  |  | $ | 2,050 |
December 31, 2017 |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | - |  |  | $ | - |  |  | $ | 2,832 |
Information regarding our acquisition-related intangible assets is as follows (in thousands):
|  | Developed technology |  |  | Customer relationships |  |  | Trademarks and tradenames |  |  | Patents |  |  | Media Contact Database |  |  | Total |
Gross carrying amounts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2017 |  | $ | 3,019 |  |  | $ | 2,112 |  |  | $ | 865 |  |  | $ | 43 |  |  | $ | 3,510 |  |  | $ | 9,549 |
Foreign currency translation |  |  | 185 |  |  |  | 152 |  |  |  | 19 |  |  |  | 3 |  |  |  | 137 |  |  |  | 496 |
Balance as of December 31, 2017 |  |  | 3,204 |  |  |  | 2,264 |  |  |  | 884 |  |  |  | 46 |  |  |  | 3,647 |  |  |  | 10,045 |
Foreign currency translation |  |  | (205 | ) |  |  | (183 | ) |  |  | (29 | ) |  |  | (4 | ) |  |  | (101 | ) |  |  | (522 | )
Balance as of December 31, 2018 |  | $ | 2,999 |  |  | $ | 2,081 |  |  | $ | 855 |  |  | $ | 42 |  |  | $ | 3,546 |  |  | $ | 9,523 |
|  | Developed technology |  |  | Customer relationships |  |  | Trademarks and tradenames |  |  | Patents |  |  | Media Contact Database |  |  | Total |
Accumulated amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2017 |  | $ | 545 |  |  | $ | 425 |  |  | $ | 203 |  |  | $ | 10 |  |  | $ | 175 |  |  | $ | 1,358 |
Amortization expense |  |  | 312 |  |  |  | 182 |  |  |  | 121 |  |  |  | 4 |  |  |  | 361 |  |  |  | 980 |
Foreign currency translation |  |  | 45 |  |  |  | 38 |  |  |  | 6 |  |  |  | 1 |  |  |  | 11 |  |  |  | 101 |
Balance as of December 31, 2017 |  |  | 902 |  |  |  | 645 |  |  |  | 330 |  |  |  | 15 |  |  |  | 547 |  |  |  | 2,439 |
Amortization expense |  |  | 317 |  |  |  | 185 |  |  |  | 122 |  |  |  | 5 |  |  |  | 367 |  |  |  | 996 |
Foreign currency translation |  |  | (82 | ) |  |  | (64 | ) |  |  | (12 | ) |  |  | (1 | ) |  |  | (28 | ) |  |  | (187 | )
Balance as of December 31, 2018 |  | $ | 1,137 |  |  | $ | 766 |  |  | $ | 440 |  |  | $ | 19 |  |  | $ | 886 |  |  | $ | 3,248 |
Amortization expense relating to acquisition-related intangible assets was approximately $1.0 million for both years ended December 31, 2018 and 2017. Estimated annual amortization expense for intangible assets subsequent to December 31, 2018 is as follows (in thousands):
Year |  | Amortization |
2019 |  | $ | 951 |
2020 |  |  | 886 |
2021 |  |  | 886 |
2022 |  |  | 886 |
2023 |  |  | 886 |
Thereafter |  |  | 1,780 |
|  | $ | 6,275 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration