Goodwill and Intangibles (Notes)

9 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Text Block]

. GOODWILL AND INTANGIBLES

Goodwill activity for the nine months ended September 30, 2018 consisted of the following:



Balance at December 31, 2017	$	2,403,000
Additions	20,554,000
Impairment	—
Balance at September 30, 2018	$	22,957,000

Intangible assets at September 30, 2018 were comprised of the following:



Definite-lived Intangible Assets	Amortization Period (Years)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Trade Name	25	$	250,000	$	(35,000	)	$	215,000
Trademarks	25	1,610,000		(46,000		)	1,564,000
Non-competition Agreement	5	1,910,000		(270,000		)	1,640,000
Developed Technology	7	4,420,000		(447,000		)	3,973,000
Customer Relationships	10-12	9,980,000		(706,000		)	9,274,000
		$	18,170,000	$	(1,504,000	)	$	16,666,000

The aggregate intangible asset amortization expense was $482,000 and $13,000 for the three months ended September 30, 2018 and 2017, respectively. The aggregate intangible asset amortization expense was $1,366,000 and $38,000 for the nine months ended September 30, 2018 and 2017, respectively. Amounts included above related to the January 16, 2018 acquisition of Horizon Plastics are preliminary and subject to change as the Company finalizes working capital settlements and valuation studies.

- 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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