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GOODWILL AND INTANGIBLE ASSETS (TABLES)
 12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF GOODWILL AND INTANGIBLE ASSETS
The following table shows an analysis of goodwill and intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
 
Intangible
assets with an
indefinite life
 
Intangible
assets with a
finite life
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
Net balance at December 31, 2013
$
46,422

 
$
26,036

 
$
17,070

 
$
89,528

 
 
Amortization
n/a

 
n/a

 
(1,982
)
 
(1,982
)
 
 
Foreign currency translation adjustment
726

 
—

 
688

 
1,414

 
 
Net balance at December 31, 2014
47,148

 
26,036

 
15,776

 
88,960

 
 
Acquisition of Ternian
—

 
—

 
13,330

 
13,330

 
 
Amortization
n/a

 
n/a

 
(2,493
)
 
(2,493
)
 
 
Impairment charges
—

 
—

 
(12,939
)
 
(12,939
)
 
 
Net balance at December 31, 2015
$
47,148

 
$
26,036

 
$
13,674

 
$
86,858

 
 
 
 
 
 
 
 
 
 
 
 
Gross balance at December 31, 2015
$
42,237

 
$
26,036

 
$
29,166

 
$
97,439

 
 
Accumulated amortization
n/a

 
n/a

 
(15,492
)
 
(15,492
)
 
 
Foreign currency translation adjustment
4,911

 
—

 
—

 
4,911

 
 
Net balance at December 31, 2015
$
47,148

 
$
26,036

 
$
13,674

 
$
86,858

 
 
 
 
 
 
 
 
 
 
 

n/a – not applicable