GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2015

GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]

8. GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

The changes in the carrying amount of goodwill by reporting unit for the six months ended June 30, 2015 are as follows (in thousands):

	Schuff			ICS		Other		Total
Balance as of December 31, 2014	$	24,612		$	3,378	$	-	$	27,990
Effect of change in foreign currency exchange rates		-			-		-		-
Acquisition of business		(122	)		-		1,781		1,659
Balance as of June 30, 2015	$	24,490		$	3,378	$	1,781	$	29,649

Amortizable Intangible Assets

Intangible assets subject to amortization consisted of the following (in thousands):

	Schuff			GMSL			ANG			Pansend			Other			Corporate		Total
Trade names
Balance as of December 31, 2014	$	4,304		$	997		$	6,037		$	-		$	-		$	-	$	11,338
Effect of change in foreign currency exchange rates		-			13			-			-			-			-		13
Amortization		(149	)		(183	)		(315	)		-			-			-		(647	)
Acquisition of business		-			-			-			-			-			-		-
Reclassification		-			-			-			-			-			-		-
Balance as of June 30, 2015	$	4,155		$	827		$	5,722		$	-		$	-		$	-	$	10,704

Customer relationships
Balance as of December 31, 2014	$	-		$	7,333		$	4,881		$	-		$	-		$	-	$	12,214
Effect of change in foreign currency exchange rates		-			85			-			-			-			-		85
Amortization		-			(252	)		(213	)		-			-			-		(465	)
Acquisition of business		-			-			-			-			-			-		-
Reclassification		-			-			-			-			-			-		-
Balance as of June 30, 2015	$	-		$	7,166		$	4,668		$	-		$	-		$	-	$	11,834

Developed technology
Balance as of December 31, 2014	$	-		$	1,456		$	-		$	-		$	-		$	-	$	1,456
Effect of change in foreign currency exchange rates		-			19			-			-			-			-		19
Amortization		-			(197	)		-			-			(159	)		-		(356	)
Acquisition of business		-			-			-			-			-			-		-
Reclassification		-			-			-			-			4,195			-		4,195
Balance as of June 30, 2015	$	-		$	1,278		$	-		$	-		$	4,036		$	-	$	5,314

Other
Balance as of December 31, 2014	$	-		$	-		$	-		$	114		$	6,000		$	22	$	6,136
Effect of change in foreign currency exchange rates		-			-			-			-			-			-		-
Amortization		-			-			-			(1	)		-			-		(1	)
Acquisition of business/development		-			-			-			-			-			-		-
Reclassification		-			-			-			-			(6,000	)		-		(6,000	)
Balance as of June 30, 2015	$	-		$	-		$	-		$	113		$	-		$	22	$	135

Total amortizable intangible assets
Balance as of December 31, 2014	$	4,304		$	9,786		$	10,918		$	114		$	6,000		$	22	$	31,144
Effect of change in foreign currency exchange rates		-			117			-			-			-			-		117
Amortization		(149	)		(632	)		(528	)		(1	)		(159	)		-		(1,469	)
Acquisition of business		-			-			-			-			-			-		-
Reclassification		-			-			-			-			(1,805	)		-		(1,805	)
Balance as of June 30, 2015	$	4,155		$	9,271		$	10,390		$	113		$	4,036		$	22	$	27,987

- 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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