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Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

6. GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in the carrying values of goodwill for the six months ended June 30, 2016, were as follows (in thousands):

		T&D				Critical Power
		Solutions				Solutions				Total
		Segment				Segment				Goodwill
Gross Goodwill:
Balance as of January 1, 2016		$	7,733			$	3,311			$	11,044
Foreign currency translation			70				—				70
Balance as of June 30, 2016		$	7,803			$	3,311			$	11, 114
Accumulated impairment losses:
Balance as of January 1, 2016		$	(976	)		$	—			$	(976	)
Foreign currency translation			(70	)			—				(70	)
Balance as of June 30, 2016		$	(1,046	)		$	—			$	(1,046	)
Net Goodwill		$	6,757			$	3,311			$	10,068

Changes in the carrying values of intangible assets for the six months ended June 30, 2016, were as follows (in thousands):

		T&D Solutions Segment				Critical Power Solutions Segment				Total Intangible Assets
Balance as of January 1, 2016		$	6,113			$	3,843			$	9,956
Amortization			(257	)			(620	)			(877	)
Foreign currency translation			9				—				9
Balance as of June 30, 2016		$	5,865			$	3,223			$	9,088

The components of intangible assets as of June 30, 2016 are summarized below (in thousands):

		Weighted Average Amortization Years				Gross Carrying Amount				Accumulated Amortization				Foreign Currency Translation				Net Book Value
Customer relationships			7			$	7,089			$	(2,908	)		$	—			$	4,181
Non-compete agreements			5				636				(329	)			—				307
Trademarks			(a)				2,061				(209	)			12				1,864
Distributor territory license			4				474				(178	)			—				296
Internally developed software			7				289				(62	)			—				227
Developed technology			10				492				(76	)			—				416
Technology-related industry accreditations			Indefinite				1,794				—				3				1,797
Total intangible assets						$	12,835			$	(3,762	)		$	15			$	9,088

(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 cease using them.

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- References

No definition available.

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- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267

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