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ACQUISITIONS (Tables)
 9 Months Ended
Sep. 30, 2016
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition

A summary of the acquisitions is as follows:

  

Business Acquired   Closing     Net Assets
Acquired
(in 000s)		     Segment     Primary Form of Consideration
Harmonics Holdings Inc.   01/16/15       1,043     T&D Solutions     Seller note/debt forgiveness
Pacific Power Systems Integration, Inc.   08/01/15       2,013     T&D Solutions     Cash
          $ 3,056              
Schedule of consideration paid for acquisitions and allocation of the amount to the net tangible and identifiable intangible assets

The following table summarizes the consideration paid for the Harmonics and Pacific acquisitions and presents the allocation of the amount to the net tangible and identifiable intangible assets based on their estimated fair values as of January 16, 2015 and August 1, 2015, respectively (in thousands):

  

    Harmonics
Acquisition		     Pacific Acquisition  
Purchase Price                
Cash consideration   $ 93     $ 2,013  
Forgiveness of trade payables and indebtedness due to purchaser     609       —  
Deferred payments due to seller     341       —  
    $ 1,043     $ 2,013  
                 
Purchase Price Allocation                
Current assets   $ 21     $ 18  
Property, plant and equipment     4       182  
Identifiable intangible assets     995       1,562  
Goodwill     23       251  
Net assets acquired     1,043       2,013  
Schedule of major classes of intangible assets arising from the acquisitions

The following table summarizes the major classes of intangible assets arising from the acquisition of Harmonics and Pacific, their respective amortization periods, and the amount of amortization expense recognized during the nine months ended September 30, 2016 (in thousands):

 

    Weighted Average
Amortization Years		     Harmonics
Acquisition		  
Acquired Intangible Assets              
Customer relationships   10     $ 319  
Non-compete agreements   5       75  
Developed technology   10       492  
Trademark   Indefinite       26  
Technology-related industry accreditations   Indefinite       83  
          $ 995  
               
Amortization expense recorded during the nine months ended September 30, 2016 $ 70  

 

 

 

 Weighted Average
Amortization Years

     Pacific
Acquisition		  
Acquired Intangible Assets              
Customer relationships   13     $ 512  
Non-compete agreements   7       180  
Technology-related industry accreditations   Indefinite       870  
          $ 1,562  
               
Amortization expense recorded during the nine months ended September 30, 2016 $ 48