Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2015

Goodwill and Other Intangible Assets [Abstract]

Schedule of Intangible Assets and Goodwill

Changes in the carrying values of goodwill for the six months ended June 30, 2015, were as follows (in thousands):



	T&D		Critical Power
	Solutions		Solutions		Total
	Segment		Segment		Goodwill
Balance as of December 31, 2014	$	6,029	$	3,577	$	9,606
Additions due to acquisition		1,177		-		1,177
Adjustments		-		(159)		(159)
Balance as of June 30, 2015	$	7,206	$	3,418	$	10,624

Changes in the carrying values of intangible assets for the six months ended June 30, 2015, were as follows (in thousands):



	T&D		Critical Power		Total
	Solutions		Solutions		Intangible
	Segment		Segment		Assets
Balance as of December 31, 2014	$	4,386	$	5,405	$	9,791
Amortization		(186)		(683)		(869)
Foreign currency translation		(56)		-		(56)
Balance as of June 30, 2015	$	4,144	$	4,722	$	8,866

The components of intangible assets as of June 30, 2015 are summarized below (in thousands):



	Weighted average amortization years	Gross carrying amount		Accumulated amortization		Impairment charges		Foreign currency translation		Net book value
Customer relationships	7	$	7,282	$	(1,801)	$	(214)	$	(153)	$	5,114
Non-compete agreements	6		465		(234)		-		(2)		229
Trademarks	(a)		2,113		(82)		-		(59)		1,972
Distributor territory license	4		474		(59)		-		-		415
Internally developed software	7		289		(21)		-		-		268
Technology-related industry accreditations	Indefinite		950		-		(17)		(65)		868
Total intangible assets		$	11,573	$	(2,197)	$	(231)	$	(279)	$	8,866

(a) Includes $1.8 million of trademarks with an indefinite useful life, and $0.3 million of trademarks that will be fully amortized during 2015 as a result of the Company’s decision to cease using them.