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Business Combinations, Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2015
Business Acquisition [Line Items]  
Composition of Goodwill and Intangible Assets

 

 

 

 

 

 

 

June 30,

 

December 31,

 

 

2015

 

2014

 

 

(In thousands)

Goodwill

 

$          101,840

 

$            68,829

Intangible assets with indefinite lives

 

 

 

 

— Trademarks

 

14,312 

 

10,276 

Amortizable intangible assets

 

 

 

 

— Licenses and others

 

10,033 

 

5,111 

— Non-compete / solicitation  agreement

 

1,679 

 

1,829 

— Customer lists

 

14,631 

 

11,294 

Total intangible assets

 

$            40,655

 

$            28,510

Accumulated amortization

 

(6,390)

 

(5,339)

Total intangible assets, net

 

$            34,265

 

$            23,171

 

Table Showing Changes in Carrying Amount of Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Period ended June 30, 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 

- Business acquisition

 

14,066 

 

 —

 

 —

 

22,978 

 

 —

 

 —

 

 —

 

37,044 

- Effect of exchange rates changes

 

(819)

 

(614)

 

(924)

 

(1,268)

 

 —

 

(324)

 

(84)

 

(4,033)

Balance, end of the period

 

$           23,804 

 

$           11,245 

 

$                18,177 

 

$                 37,429 

 

$             5,729 

 

$              4,197 

 

$             1,259 

 

$         101,840 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$               2,099

For year ended 12/31/2016

 

4,169 

For year ended 12/31/2017

 

3,902 

For year ended 12/31/2018

 

2,956 

Thereafter

 

6,827 

 

 

$             19,953

 

Metros Cubicos, S.A. de C.V. [Member]  
Business Acquisition [Line Items]  
Purchase Price Allocation for Acquisition

 

 

 

 

 

 

 

 

 

 

Metros Cúbicos

S.A. de C.V.

In thousands of U.S. dollars

Cash and cash equivalents

 

$

593 

Other net tangible assets / (liabilities)

 

 

241 

Trademarks

 

 

4,568 

Customer Lists

 

 

3,924 

Non-solicitation and Non-compete agreements

 

 

229 

Deferred tax assets and liabilities

 

 

(2,616)

Goodwill

 

 

22,978 

Purchase Price

 

$

29,917 

 

KPL Soluções Ltda. [Member]  
Business Acquisition [Line Items]  
Purchase Price Allocation for Acquisition

 

 

 

 

 

 

 

 

 

 

KPL Soluções Ltda.

In thousands of U.S. dollars

Cash and cash equivalents

 

$

159 

Other net tangible assets / (liabilities)

 

 

27 

Customer lists

 

 

3,137 

Software

 

 

4,791 

Non-solicitation and Non-compete agreements

 

 

505 

Goodwill

 

 

14,066 

Purchase Price

 

$

22,685