XML 33 R12.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Goodwill And Other Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2017
Goodwill And Other Intangible Assets [Abstract] |
Goodwill And Other Intangible Assets | NOTE 6. GOODWILL AND OTHER INTANGIBLE ASSETS ﻿ Goodwill ﻿ There was a decrease in goodwill related to the Black Diamond segment during the year ended December 31, 2015 due to the impairment of goodwill. During the fourth quarter of the year ended December 31, 2015, there was a decrease in the Company’s market capitalization which was determined to be a triggering event for potential goodwill impairment. Accordingly, the Company performed a goodwill impairment analysis. The Company utilized the market capitalization, plus a reasonable control premium to estimate the fair value. Our total stockholders’ equity exceeded the estimated fair value by $32,754. The failure of step one of the goodwill impairment test triggered a step two impairment test. As a result of step two of the impairment test, the Company determined the implied fair value of goodwill and concluded that the carrying value of goodwill exceeded its implied fair value as of December 31, 2015. Accordingly, an impairment charge of $29,507, which represents a full impairment charge, was recognized in the fourth quarter of 2015. As of December 31, 2016, there was no goodwill recorded. ﻿ There was an increase in goodwill during the year ended December 31, 2017 to $17,745, due to the Company’s acquisition of Sierra on August 21, 2017. Based on the results of the Company’s annual impairment tests completed during the fourth quarter, the Company determined that goodwill was not impaired. The following table summarizes the changes in goodwill: ﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | Black Diamond |  | Sierra |  | Total
﻿ |  |  |  |  |  |  |  |  |
﻿Balance at December 31, 2015 |  | $ | - |  | $ | - |  | $ | -
﻿ |  |  |  |  |  |  |  |  |
﻿Balance at December 31, 2016 |  | $ | - |  | $ | - |  | $ | -
﻿ |  |  |  |  |  |  |  |  |
﻿Increase due to acquisition |  |  | - |  |  | 17,745 |  |  | 17,745
﻿ |  |  |  |  |  |  |  |  |
﻿Balance at December 31, 2017 |  | $ | - |  | $ | 17,745 |  | $ | 17,745
﻿ Indefinite Lived Intangible Assets The Company owns certain tradenames and trademarks which provide Black Diamond Equipment, PIEPS and Sierra with the exclusive and perpetual rights to manufacture and sell their respective products. Tradenames and trademarks are not amortized, but reviewed annually for impairment or upon the existence of a triggering event. There was an increase in tradenames and trademarks during the year ended December 31, 2017 due to the Company’s acquisition of Sierra and the impact of foreign currency exchange rates. Based on the results of the Company’s annual impairment tests, the Company determined that indefinite lived intangible assets were not impaired. The following table summarizes the changes in indefinite lived intangible assets: ﻿ ﻿
﻿ |  |  |
﻿Balance at December 31, 2016 |  | $ | 22,541
﻿ |  |  |
﻿Increase due to acquisition |  |  | 18,900
﻿Impact of foreign currency exchange rates |  |  | 402
﻿ |  |  |
﻿Balance at December 31, 2017 |  | $ | 41,843
﻿ |  |  |
Other Intangible Assets, net ﻿ Intangible assets such as certain customer relationships, core technologies, tradenames and product technologies are amortizable over their estimated useful lives. There was an increase in gross other intangible assets subject to amortization during the year ended December 31, 2017 due to the acquisition of Sierra and the impact of foreign currency exchange rates. The following table summarizes the changes in gross other intangible assets: ﻿ ﻿
﻿ |  |  |
﻿Gross balance at December 31, 2016 |  | $ | 16,980
﻿ |  |  |
﻿Increase due to acquisition |  |  | 15,500
﻿Impact of foreign currency exchange rates |  |  | 582
﻿ |  |  |
﻿Gross balance at December 31, 2017 |  | $ | 33,062
﻿ |  |  |
Intangible assets, net of amortization as of December 31, 2017 and December 31, 2016, were as follows: ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | December 31, 2017
﻿ |  | Gross |  | Accumulated Amortization |  | Net |  | Weighted Average Useful Life
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Intangibles subject to amortization |  |  |  |  |  |  |  |  |  |  |  |
﻿Customer relationships |  | $ | 26,166 |  | $ | (7,841) |  | $ | 18,325 |  |  | 15.1 years
﻿Product technologies |  |  | 4,849 |  |  | (1,203) |  |  | 3,646 |  |  | 12.0 years
﻿Trade name / trademark |  |  | 1,100 |  |  | (62) |  |  | 1,038 |  |  | 10.0 years
﻿Core technologies |  |  | 947 |  |  | (718) |  |  | 229 |  |  | 10.0 years
﻿ |  | $ | 33,062 |  | $ | (9,824) |  | $ | 23,238 |  |  | 14.4 years
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | December 31, 2016
﻿ |  | Gross |  | Accumulated Amortization |  | Net |  | Weighted Average Useful Life
﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿Intangibles subject to amortization |  |  |  |  |  |  |  |  |  |  |  |
﻿Customer relationships |  | $ | 13,942 |  | $ | (5,843) |  | $ | 8,099 |  |  | 15.3 years
﻿Product technologies |  |  | 2,091 |  |  | (745) |  |  | 1,346 |  |  | 14.0 years
﻿Core technologies |  |  | 947 |  |  | (623) |  |  | 324 |  |  | 10.0 years
﻿ |  | $ | 16,980 |  | $ | (7,211) |  | $ | 9,769 |  |  | 14.9 years
﻿ ﻿ ﻿ ﻿ Amortization expense for continuing operations for the years ended December 31, 2017, 2016, and 2015, was $2,376, $1,075, and $1,245, respectively. Future amortization expense for other intangible assets as of December 31, 2017 is as follows: ﻿ ﻿
﻿ |  |  |
﻿2018 |  |  | 3,871
﻿2019 |  |  | 3,538
﻿2020 |  |  | 3,024
﻿2021 |  |  | 2,606
﻿2022 |  |  | 2,296
﻿Thereafter |  |  | 7,903
﻿ |  | $ | 23,238
﻿

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 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration