Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2011

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Note 7: Goodwill and Other Intangible Assets

The changes in the carrying amounts of goodwill from December 31, 2010 to September 30, 2011 were as follows:

	Energy & Sonar Security Solutions segment			GridSense segment			USSI segment		Total
Balance as of December 31, 2010	$	568		$	2,709		$	1,402	$	4,679
Translation adjustment		(25	)		(82	)		—		(107	)
Balance as of September 30, 2011	$	543		$	2,627		$	1,402	$	4,572

The changes in the carrying amounts and accumulated amortization of intangible assets from December 31, 2010 to September 30, 2011 were as follows:

	Energy & Sonar Security Solutions segment						GridSense segment						USSI segment
	Naval Technologies						Software & Customer Relationships						Sensor Technologies
	Cost			A.A.*			Cost			A.A.*			Cost		A.A.*			Total
Balance as of December 31, 2010	$	560		$	(207	)	$	2,747		$	(219	)	$	2,565	$	(107	)	$	5,339
Amortization		—			(61	)		—			(244	)		—		(96	)		(401	)
Cumulative translation adjustment		(25	)		7			(46	)		6			—		—			(58	)
Balance as of September 30, 2011	$	535		$	(261	)	$	2,701		$	(457	)	$	2,565	$	(203	)	$	4,880

* Accumulated amortization

All intangible assets are being amortized over their estimated useful lives, whose weighted average lives were estimated to be seven years for Naval Technologies, ten years for GridSense Software and Customer Relationships and twenty years for USSI Sensor Technologies. Amortization expense for the months ended September 30, 2010 and 2011 amounted to $530 and $401, respectively. Amortization expense with respect to intangible assets is estimated to be $522, $491, $460, $379 and $337 for each of the years ending September 30, 2012 through 2016.

- 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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