XML 51 R8.htm IDEA: XBRL DOCUMENT
v3.19.3

Goodwill and Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2019
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | 2. Goodwill and Intangible Assets The changes in the carrying amount of goodwill for the nine months ended September 30, 2019 and 2018 were as follows (in thousands):
Balance as of January 1, 2019 |  | $ | 2,050
Foreign currency translation adjustment |  |  | 12
Balance as of September 30, 2019 |  | $ | 2,062
Balance as of January 1, 2018 |  | $ | 2,832
Foreign currency translation adjustment |  |  | (35)
Goodwill impairment |  |  | (675)
Balance as of September 30, 2018 |  | $ | 2,122
As of September 30, 2018, the Company recorded a full goodwill impairment of $675,000 for its DDS segment. 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, “Intangibles - Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment”, (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, 2019. In performing the assessment, the Company adhered to the provisions of ASU 2017-04 by using a single step approach that determines the carrying value of goodwill and comparing it against the excess of the reporting unit’s fair value. Based on the Company’s assessment, the Company reached the conclusion that there was no goodwill impairment because the fair value of the Agility segment’s goodwill exceeded its carrying value. Therefore, there was no goodwill impairment recorded during the nine months ended September 30, 2019. The fair value measurement of goodwill was classified within Level 3 of the fair value hierarchy because the Company used the income approach, 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. Information regarding the Company’s acquisition-related intangible assets was as follows (in thousands):
|  |  |  |  |  |  |  | Trademarks |  |  |  |  | Media |  |  |
|  | Developed |  | Customer |  | and |  |  |  |  | Contact |  |  |
|  | technology |  | relationships |  | trade names |  | Patents |  | Database |  | Total
Gross carrying amounts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2019 |  | $ | 2,999 |  | $ | 2,081 |  | $ | 855 |  | $ | 42 |  | $ | 3,546 |  | $ | 9,523
Foreign currency translation |  |  | 51 |  |  | 63 |  |  | 4 |  |  | 1 |  |  | (36) |  |  | 83
Balance as of September 30, 2019 |  | $ | 3,050 |  | $ | 2,144 |  | $ | 859 |  | $ | 43 |  | $ | 3,510 |  | $ | 9,606
|  |  |  |  |  |  |  | Trademarks |  |  |  |  | Media |  |  |
|  | Developed |  | Customer |  | and |  |  |  |  | Contact |  |  |
|  | technology |  | relationships |  | trade names |  | Patents |  | Database |  | Total
Gross carrying amounts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2018 |  | $ | 3,204 |  | $ | 2,264 |  | $ | 884 |  | $ | 46 |  | $ | 3,647 |  | $ | 10,045
Foreign currency translation |  |  | (63) |  |  | (53) |  |  | (9) |  |  | (1) |  |  | (42) |  |  | (168)
Balance as of September 30, 2018 |  | $ | 3,141 |  | $ | 2,211 |  | $ | 875 |  | $ | 45 |  | $ | 3,605 |  | $ | 9,877
|  |  |  |  |  |  |  | Trademarks |  |  |  |  | Media |  |  |
|  | Developed |  | Customer |  | and |  |  |  |  | Contact |  |  |
|  | technology |  | relationships |  | trade names |  | Patents |  | Database |  | Total
Accumulated amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2019 |  | $ | 1,137 |  | $ | 766 |  | $ | 440 |  | $ | 19 |  | $ | 886 |  | $ | 3,248
Amortization expense |  |  | 230 |  |  | 133 |  |  | 90 |  |  | 3 |  |  | 269 |  |  | 725
Foreign currency translation |  |  | 24 |  |  | 24 |  |  | 2 |  |  | 1 |  |  | (15) |  |  | 36
Balance as of September 30, 2019 |  | $ | 1,391 |  | $ | 923 |  | $ | 532 |  | $ | 23 |  | $ | 1,140 |  | $ | 4,009
|  |  |  |  |  |  |  | Trademarks |  |  |  |  | Media |  |  |
|  | Developed |  | Customer |  | and |  |  |  |  | Contact |  |  |
|  | technology |  | relationships |  | trade names |  | Patents |  | Database |  | Total
Accumulated amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance as of January 1, 2018 |  | $ | 902 |  | $ | 645 |  | $ | 330 |  | $ | 15 |  | $ | 547 |  | $ | 2,439
Amortization expense |  |  | 238 |  |  | 139 |  |  | 91 |  |  | 3 |  |  | 274 |  |  | 745
Foreign currency translation |  |  | (22) |  |  | (16) |  |  | (3) |  |  | 1 |  |  | (10) |  |  | (50)
Balance as of September 30, 2018 |  | $ | 1,118 |  | $ | 768 |  | $ | 418 |  | $ | 19 |  | $ | 811 |  | $ | 3,134
Amortization expense relating to acquisition-related intangible assets was $0.2 million for each of the three months ended September 30, 2019 and 2018. Amortization expense relating to acquisition-related intangible assets was $0.7 million for each of the nine months ended September 30, 2019 and 2018. As of the date hereof, estimated amortization expense for intangible assets after September 30, 2019 is as follows (in thousands):
Year |  | Amortization
2019 |  | $ | 240
2020 |  |  | 893
2021 |  |  | 893
2022 |  |  | 893
2023 |  |  | 893
Thereafter |  |  | 1,785
|  | $ | 5,597

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