Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

5.	Goodwill and Intangible Assets


(dollars in thousands)	June 30, 2013						December 31, 2012
Goodwill / Tradename	Goodwill			Tradename			Goodwill		Tradename
Beginning balance	$	19,548		$	3,526		$	14,661	$	3,218
Acquisitions		8,242			2,865			4,806		300
Foreign currency adjustments		(212	)		(43	)		81		8

	$	27,578		$	6,348		$	19,548	$	3,526


	June 30, 2013				December 31, 2012
Intangible assets – finite life	Cost		Accum. Amort.		Cost		Accum. Amort.
Patents	$	1,414	$	1,322	$	1,414	$	1,281
Employment agreements		730		81		170		0
Technology		5,319		169		230		0
Customer lists		8,845		752		2,343		1,593

	$	16,308	$	2,324	$	4,157	$	2,874

Amortization expense of finite life intangible assets for the three months ended June 30, 2013 and 2012 was $591 and $76, respectively, and for the six months ended June 30, 2012 and 2011 was $750 and $172, respectively. Amortization over the next five years for finite life intangibles will be $700 for the remainder of 2013, $1,750 in 2014, $1,630 in 2015, $1,405 in 2016, and $1,263 in 2017.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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