XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.19.2

Goodwill and Other Intangibles | 6 Months Ended
--- | ---
Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles | NOTE H – GOODWILL AND OTHER INTANGIBLES The Company’s finite and indefinite-lived intangible assets consist of the following:
|  | June 30, 2019 |  |  | December 31, 2018 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |
Finite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Patents |  | $ | 4,806 |  |  | $ | (4,806 | ) |  | $ | 4,806 |  |  | $ | (4,788 | )
Land use rights |  |  | 1,134 |  |  |  | (203 | ) |  |  | 1,134 |  |  |  | (203 | )
Trademarks |  |  | 1,712 |  |  |  | (1,297 | ) |  |  | 1,707 |  |  |  | (1,247 | )
Technology |  |  | 5,387 |  |  |  | (1,439 | ) |  |  | 2,994 |  |  |  | (1,334 | )
Customer relationships |  |  | 14,340 |  |  |  | (6,775 | ) |  |  | 11,804 |  |  |  | (6,415 | )
|  | $ | 27,379 |  |  | $ | (14,520 | ) |  | $ | 22,445 |  |  | $ | (13,987 | )
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 28,726 |  |  |  |  |  |  | $ | 15,621 |  |  |  |  |
The aggregate amortization expense for other intangibles with finite lives for the three and six months ended June 30, 2019 was $.3 million and $.6 million, respectively. The aggregate amortization expense for other intangibles with finite lives for the three and six months ended June 30, 2018 was $.3 million and $.5 million, respectively. Amortization expense is estimated to be $1.1 million for the remaining period of 2019, $1.2 million for 2020 and 2021, and $1.1 million for and 2022 and 2023. The weighted-average remaining amortization period is approximately 15.3 years. The weighted-average remaining amortization period by intangible asset class is as follows: patents, 6.5 years; land use rights, 56.5 years; trademarks, 8.1 years; technology, 13.6 years; and customer relationships, 12.0 years. The Company’s measurement date for its annual impairment test for goodwill is October 1st of each year. The Company performs its annual impairment test for goodwill utilizing a discounted cash flow methodology, market comparables, and an overall market capitalization reasonableness test in computing fair value by reporting unit. The Company then compares the fair value of the reporting unit with its carrying value to assess if goodwill has been impaired. Based on the assumptions as to growth, discount rates and the weighting used for each respective valuation methodology, results of the valuations could be significantly different. However, the Company believes that the methodologies and weightings used are reasonable and result in appropriate fair values of the reporting units. The Company’s valuation method uses Level 3 inputs under the fair value hierarchy. The Company’s only intangible asset with an indefinite life is goodwill. The changes in the carrying amount of goodwill, by segment, for the six months ended June 30, 2019 are as follows:
|  | USA |  |  | The Americas |  |  | EMEA |  |  | Asia-Pacific |  |  | Total |
Balance at January 1, 2019 |  | $ | 3,078 |  |  | $ | 3,997 |  |  | $ | 1,355 |  |  | $ | 7,191 |  |  | $ | 15,621 |
Currency translation |  |  | 0 |  |  |  | 135 |  |  |  | (151 | ) |  |  | (71 | ) |  |  | (87 | )
Additions |  |  |  |  |  |  |  |  |  |  | 13,192 |  |  |  |  |  |  |  | 13,192 |
Balance at June 30, 2019 |  | $ | 3,078 |  |  | $ | 4,132 |  |  | $ | 14,396 |  |  | $ | 7,120 |  |  | $ | 28,726 |
Refer to Note S, “Business Combinations” for further information regarding additions.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration