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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of carrying amount of goodwill by reportable segment

Changes in the carrying amount of goodwill by reportable segment during the years ended December 31, 2018 and 2017 are as follows:

		T&D				Critical Power
		Solutions				Solutions				Total
		Segment				Segment				Goodwill
Gross Goodwill:
Balance as of January 1, 2017		$	7,978			$	2,970			$	10,948
No activity			—				—				—
Balance as of December 31, 2017		$	7,978			$	2,970			$	10,948
Accumulated impairment losses:
Balance as of January 1, 2017		$	(976	)		$	—			$	(976	)
Impairment charges			(1,445	)			—				(1,445	)
Balance as of December 31, 2017		$	(2,421	)		$	—			$	(2,421	)
Net Goodwill		$	5,557			$	2,970			$	8,527
Gross Goodwill:
Balance as of January 1, 2018		$	7,978			$	2,970			$	10,948
No activity			—				—				—
Balance as of December 31, 2018		$	7,978			$	2,970			$	10,948
Accumulated impairment losses:
Balance as of January 1, 2018		$	(2,421	)		$	—			$	(2,421	)
No activity			—				—				—
Balance as of December 31, 2018		$	(2,421	)		$	—			$	(2,421	)
Net Goodwill		$	5,557			$	2,970			$	8,527

Schedule of changes in intangible asset balances

Changes in intangible asset balances for the years ended December 31, 2018 and 2017 consisted of the following:

		T&D				Critical Power				Total
		Solutions				Solutions				Intangible
		Segment				Segment				Assets
Balance as of January 1, 2017		$	5,565			$	2,603			$	8,168
Amortization			(415	)			(1,358	)			(1,773	)
Foreign currency translation			4				—				4
Balance as of December 31, 2017		$	5,154			$	1,245			$	6,399
Amortization			(339	)			(1,121	)			(1,460	)
Impairment charges			(1,350	)			—				(1,350	)
Foreign currency translation			(5	)			—				(5	)
Balance as of December 31, 2018		$	3,460			$	124			$	3,584

Schedule of components of intangible assets

The components of intangible assets at December 31, 2018 are summarized below:

		Weighted Average Amortization Years				Gross Carrying Amount				Accumulated Amortization				Impairment Charges				Foreign Currency Translation				Net Book Value
Customer relationships		7 (a)				$	7,202			$	(6,175	)		$	(377	)		$	—			$	650
Non-compete agreements		4 (a)					705				(587	)			(103	)			—				15
Trademarks		Indefinite					1,816				—				—				—				1,816
Internally developed software		7					289				(165	)			—				—				124
Developed technology		10					492				(197	)			—				—				295
Technology-related industry accreditations		Indefinite (a)					1,576				—				(870	)			(22	)			684
Total intangible assets						$	12,080			$	(7,124	)		$	(1,350	)		$	(22	)		$	3,58 4

(a) During 2018, the Company recorded impairment charges to customer relationships, non-compete agreements and technology-related industry accreditations intangible assets of the switchgear business upon determining that the carrying value of these assets was not recoverable.

The components of intangible assets at December 31, 2017 are summarized below:

	Weighted Average Amortization Years		Gross Carrying Amount			Accumulated Amortization			Foreign Currency Translation			Net Book Value
Customer relationships	7		$	7,202		$	(4,907)		$	-		$	2,295
Non-compete agreements	6			705			(485)			-			220
Trademarks	Indefinite			1,816			-			-			1,816
Distributor territory license	(a)			474			(474)			-			-
Internally developed software	7			289			(124)			-			165
Developed technology	10			492			(148)			-			344
Technology-related industry accreditations	Indefinite			1,576			-			(17)			1,559
Total intangible assets			$	12,554		$	(6,138)		$	(17)		$	6,399

(a) During 2017, the Company accelerated and fully amortized distributor territory license intangible asset upon the termination of its distribution agreement with a supplier.

Schedule of future amortization expense

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

Years Ending December 31,			Total
2019			$	215
2020				200
2021				200
2022				124
2023				106
Thereafter				239
			$	1,084

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
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-SubTopic 30
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