Goodwill, Intangible Assets and Long Term Assets

3 Months Ended

Mar. 27, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill, Intangible Assets and Long Term Assets

6.	*GOODWILL, INTANGIBLE ASSETS AND LONG TERM ASSETS*

a. Goodwill

The following table summarizes the goodwill activity by segment for the three-month periods ended March 27, 2016 and March 29, 2015:


	Battery & Energy	Communi- cations
	Products	Systems	Total

Balance – December 31, 2014	$4,914	$11,493	$16,407
Effect of foreign currency translation	9	-	9

Balance – March 29, 2015	4,923	11,493	16,416
Effect of foreign currency translation	-133	-	-133

Balance - December 31, 2015	4,790	11,493	16,283
Acquisition of Accutronics	4,407	-	4,407
Effect of foreign currency translation	-106	-	-106

Balance – March 27, 2016	$9,091	$11,493	$20,584

b. Intangible Assets

The composition of intangible assets was:


	at March 27, 2016
		Accumulated
	Cost	Amortization	Net

Trademarks	$3,413	$ 0	$3,413
Patents and technology	5,595	(4,278)	1,317
Customer relationships	7,136	(3,810)	3,326
Distributor relationships	377	(360)	17
Trade Name	412	(10)	402

Total intangible assets	$16,933	$(8,458)	$8,475


	at December 31, 2015
		Accumulated
	Cost	Amortization	Net

Trademarks	$ 3,411	$0	$3,411
Patents and technology	4,482	(4,217)	265
Customer relationships	3,971	(3,716)	255
Distributor relationships	370	(355)	15

Total intangible assets	$12,234	$(8,288)	$3,946

Amortization expense for intangible assets was $137 and $60 for the three-month periods ended March 27, 2016 and March 29, 2015, respectively. Amortization included in research and development expenses was $51 and $32 for the three-month periods ended March 27, 2016 and March 29, 2015, respectively. Amortization included in selling, general and administrative expenses was $86 and $28 for the three-month periods ended March 27, 2016 and March 29, 2015, respectively.

The change in the cost value of total intangible assets from December 31, 2015 to March 27, 2016 is a result of the acquisition of Accutronics and the effect of foreign currency translations.

- 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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