XML 43 R22.htm IDEA: XBRL DOCUMENT v2.4.1.9
Business Combinations, Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2015
Business Acquisition [Line Items]  
Purchase Price Allocation for Acquisition

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Chile

Mexico

Total

Cash and cash equivalents

 

$

547 

$

474 

$

1,021 

Other net tangible assets / (liabilities)

 

 

2,306 

 

(2,727)

 

(421)

Trademarks

 

 

5,422 

 

2,155 

 

7,577 

Customer Lists

 

 

10,104 

 

322 

 

10,426 

Software

 

 

447 

 

 —

 

447 

Non solicitation agreement

 

 

587 

 

 —

 

587 

Deferred tax assets and liabilities

 

 

(2,644)

 

214 

 

(2,430)

Goodwill

 

 

14,709 

 

6,074 

 

20,783 

Purchase Price

 

$

31,478 

$

6,512 

$

37,990 

 

Composition of Goodwill and Intangible Assets

 

 

 

 

 

 

 

March 31,

 

December 31,

 

 

2015

 

2014

 

 

(In thousands)

Goodwill

 

$            65,577

 

$            68,829

Intangible assets with indefinite lives

 

 

 

 

— Trademarks

 

9,986 

 

10,276 

Amortizable intangible assets

 

 

 

 

— Licenses and others

 

5,862 

 

5,111 

— Non-compete / solicitation  agreement

 

1,662 

 

1,829 

— Customer list

 

10,826 

 

11,294 

Total intangible assets

 

$            28,336

 

$            28,510

Accumulated amortization

 

(5,535)

 

(5,339)

Total intangible assets, net

 

$            22,801

 

$            23,171

 

Table Showing Changes in Carrying Amount of Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Period ended March 31, 2015

 

 

(In thousands)

 

 

Brazil

 

Argentina

 

Chile

 

Mexico

 

Venezuela

 

Colombia

 

Other
Countries

 

Total

Balance, beginning of the period

 

$           10,557 

 

$           11,859 

 

$                19,101 

 

$                 15,719 

 

$             5,729 

 

$             4,521 

 

$             1,343 

 

$           68,829 

- Effect of exchange rates changes

 

(1,381)

 

(376)

 

(579)

 

(552)

 

 —

 

(314)

 

(50)

 

(3,252)

Balance, end of the period

 

$             9,176 

 

$           11,483 

 

$                18,522 

 

$                 15,167 

 

$             5,729 

 

$             4,207 

 

$             1,293 

 

$           65,577 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2014

 

 

(In thousands)

 

 

Brazil

 

Argentina

 

Chile

 

Mexico

 

Venezuela

 

Colombia

 

Other
Countries

 

Total

Balance, beginning of year

 

$           10,366 

 

$           14,676 

 

$                  6,520 

 

$                 11,376 

 

$             5,252 

 

$             5,506 

 

$             1,405 

 

$           55,101 

- Bussiness Acquisition

 

1,538 

 

775 

 

14,710 

 

6,293 

 

477 

 

82 

 

48 

 

23,923 

- Effect of exchange rates changes

 

(1,347)

 

(3,592)

 

(2,129)

 

(1,950)

 

 —

 

(1,067)

 

(110)

 

(10,195)

Balance, end of the year

 

$           10,557 

 

$           11,859 

 

$                19,101 

 

$                 15,719 

 

$             5,729 

 

$             4,521 

 

$             1,343 

 

$           68,829 

 

Expected Intangible Asset Amortization Expense

 

 

 

For year ended 12/31/2015

 

$               1,795

For year ended 12/31/2016

 

2,359 

For year ended 12/31/2017

 

2,091 

For year ended 12/31/2018

 

1,336 

Thereafter

 

5,234 

 

 

$             12,815

 

Business Vision S.A. [Member]  
Business Acquisition [Line Items]  
Purchase Price Allocation for Acquisition

 

 

 

 

Cash and cash equivalents

 

$

81 

Other net tangible assets

 

 

857 

Total net tangible assets acquired

 

 

938 

Customer Lists

 

 

563 

Non solicitation agreement

 

 

428 

Deferred tax assets and liabilities

 

 

(300)

Goodwill

 

 

3,139 

Purchase Price

 

$

4,768