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Goodwill and Intangible Assets, Net
3 Months Ended
Mar. 31, 2016
Goodwill and Intangible Assets, Net [Abstract]  
Goodwill And Intangible Assets, Net

Note 6.       Goodwill and Intangible Assets, NET 

 

The increase in goodwill during the three months ended March 31, 2016 resulted from changes in foreign currency exchange rates. The decrease in intangible assets other than goodwill during the three months ended March 31, 2016 resulted primarily from the continued amortization of our intangible assets and an impairment related to our OPTI line of business, partly offset by changes in foreign currency exchange rates. 



During the first quarter of 2016, management reviewed our OPTI Medical product offerings. As  a result of this review, we discontinued our product development activities in the human point-of-care medical diagnostics market during March 2016 and instead will focus our commercial efforts in this market on supporting our latest generation OPTI CCA-TS2 Blood Gas and Electrolyte Analyzer.



We assessed the realizability of the related tangible and intangible assets as  a  result of the aforementioned change in strategy and determined the expected future cash flows were less than the carrying value of the asset group. As a result, we recorded a non-cash intangible asset impairment of $1.1 million within our condensed consolidated statement of operations for the three months ended March 31, 2016.