Goodwill and Intangible Assets

12 Months Ended

Apr. 29, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Note 5. Goodwill and Intangible Assets

Goodwill

The changes in the carrying amount of goodwill related to each reportable segment for the fiscal year ended April 29, 2017 were as follows:



	Live Events			Commercial			Transportation			International			Total
Balance as of April 30, 2016:	$	2,304		$	3,350		$	75		$	2,387		$	8,116
Acquisition, net of cash acquired	—			55			—			—			55
Foreign currency translation	(30		)	(206		)	(30		)	(93		)	(359		)
Balance as of April 29, 2017:	$	2,274		$	3,199		$	45		$	2,294		$	7,812

We perform an analysis of goodwill on an annual basis, and it is tested for impairment more frequently if events or changes in circumstances indicate that an asset might be impaired. We complete this annual analysis during our third quarter of each fiscal year, based on the goodwill amount as of the first business day of our third fiscal quarter. The result of our analysis indicated no goodwill impairment existed for fiscal years 2017, 2016, and 2015.

Intangible Assets

The following table summarizes intangible assets, net, as of April 29, 2017 and April 30, 2016:



	April 29, 2017
	Weighted Average Life (in years)	Gross Carrying Amount		Accumulated Amortization		Impairment		Net Carrying Amount
Registered trademarks	20.0	$	1,604	$	429	$	604	$	571
Software	3.0	2,814		1,055		—		1,759
Customer relationships	9.7	3,209		608		226		2,375
Other	1.0	95		95		—		—
Total amortized intangible assets	9.3	$	7,722	$	2,187	$	830	$	4,705

	April 30, 2016
	Weighted Average Life (in years)	Gross Carrying Amount		Accumulated Amortization		Impairment		Net Carrying Amount
Registered trademarks	18.3	$	1,676	$	194	$	—	$	1,482
Software	3.0	3,046		46		—		3,000
Customer relationships	9.7	3,449		300		—		3,149
Other	1.0	103		13		—		90
Total amortized intangible assets	8.8	$	8,274	$	553	$	—	$	7,721

During fiscal 2017, we chose to transition out of the non-digital market in our International business unit. We identified certain technology and customer lists with carrying values deemed to not be recoverable. Based on this evaluation, we recognized an impairment loss of $830 for non-digital related technology and customer list intangible assets. This was included in cost of goods sold and selling expense in the consolidated statement of operations. The impairment loss was calculated based on expected future cash flows using level 3 inputs. The level 3 inputs included weighted average estimated future cash flows from non-digital product sales and estimated selling value of non-digital intellectual property.

In the fiscal years 2017, 2016, and 2015, amortization expense including impairment related to intangible assets was $2,546, $295, and $204, respectively. Amortization expenses are included primarily in product development and selling expense in the consolidated statement of operations.

As of April 29, 2017, amortization expenses for future periods were estimated to be as follows:



Fiscal years ending	Amount
2018	$	1,250
2019	1,132
2020	312
2021	308
2022	285
Thereafter	1,418
Total expected amortization expense	$	4,705

- 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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