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Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Annual Amortization Expense

The components of intangible assets at December 31, 2015 are summarized below (in thousands):

		Weighted
		Average		Gross									Foreign
		Amortization		Carrying			Accumulated			Impairment			Currency			Net Book
		Years		Amount			Amortization			Charges			Translation			Value
Customer relationships		7		$	7,472		$	(2,350)		$	(261)		$	-		$	4,861
Non-compete agreements		5			635			(286)			-			3			352
Trademarks		(a)			2,060			(161)			-			7			1,906
Distributor territory license		4			474			(41)			-			-			355
Internally developed software		7			289			(53)			-			-			248
Developed technology		10			492			(53)			-			-			439
Technology-related industry accreditations		Indefinite			1,937			-			(143)			1			1,795
Total intangible assets				$	13,359		$	(3,010)		$	(404)		$	11		$	9,956

(a) Includes $1.8 million of trademarks with an indefinite useful life, and $0.3 million of trademarks that will be fully amortized by December 31, 2016 as a result of the Company’s decision to gradually cease using them. 

Future scheduled annual straight-line amortization expense over the useful lives of finite life intangible assets is as follows (in thousands):

Years Ending December 31,		Total
2016		$	1,753
2017			1,661
2018			1,585
2019			297
2020			272
Thereafter			778
		$	6,346

Finite-Lived Intangible Assets [Member]

Schedule of Intangible Assets and Goodwill

Changes in intangible asset balances for the years ended December 31, 2015 and 2014 consisted of the following (in thousands):

		T&D			Critical Power			Total
		Solutions			Solutions			Intangible
		Segment			Segment			Assets
Balance as of January 1, 2014		$	4,966		$	319		$	5,285
Additions due to acquisition			-			5,147			5,147
Amortization			(256)			(62)			(318)
Impairment charges			(231)			-			(231)
Foreign currency translation			(92)			-			(92)
Balance as of December 31, 2014		$	4,386		$	5,405		$	9,791
Additions due to acquisition			2,386			-			2,386
Amortization			(454)			(1,365)			(1,819)
Impairment charges			(404)			-			(404)
Foreign currency translation			2			-			2
Balance as of December 31, 2015		$	5,916		$	4,040		$	9,956

Goodwill [Member] | Operating Segments [Member]

Schedule of Intangible Assets and Goodwill

Changes in the carrying amount of goodwill by reportable segment during the years ended December 31, 2015 and 2014 are as follows:

		T&D			Critical Power			Total
		Segment			Segment			Goodwill
Balance as of January 1, 2014		$	7,300		$	698		$	7,998
Additions due to acquisition			-			2,879			2,879
Impairment charges			(1,171)			-			(1,171)
Foreign currency translation			(100)			-			(100)
Balance as of December 31, 2014		$	6,029		$	3,577		$	9,606
Additions due to acquisition			371			-			371
Adjustments			-			91			91
Foreign currency translation			-			-			-
Balance as of December 31, 2015		$	6,400		$	3,668		$	10,068

X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 3
-Subparagraph (b),(d)
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+ References

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-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
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