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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2019
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, 2019 and 2018 are as follows:

 

   Critical
Power
Segment
   Total
Goodwill
 
Gross Goodwill:        
Balance as of January 1, 2018  $2,969   $2,969 
No activity        
Balance as of December 31, 2018  $2,969   $2,969 
Accumulated impairment losses:          
Balance as of January 1, 2018  $   $ 
Impairment charges        
Balance as of December 31, 2018  $   $ 
           
Net Goodwill  $2,969   $2,969 
           
Gross Goodwill:          
Balance as of January 1, 2019  $2,969   $2,969 
No activity        
Balance as of December 31, 2019  $2,969   $2,969 
Accumulated impairment losses:          
Balance as of January 1, 2019  $   $ 
Impairment charges   (2,969)   (2,969)
Balance as of December 31, 2019  $(2,969)  $(2,969)
           
Net Goodwill  $   $ 

 

Schedule of changes in intangible asset balances

Changes in intangible asset balances for the years ended December 31, 2019 and 2018 consisted of the following:

 

 

Critical Power

 

 

Total

 

 

 

Solutions

 

 

Intangible

 

 

 

Segment

 

 

Assets

 

Balance as of January 1, 2018

 

$

1,245

 

 

$

1,245

 

Amortization

 

 

(1,121

)

 

 

(1,121

)

Foreign currency translation

 

 

 

 

 

 

Balance as of December 31, 2018

 

$

124

 

 

$

124

 

Amortization

 

 

(41

)

 

 

(41

)

Impairment charges

 

 

(83

)

 

 

(83

)

Foreign currency translation

 

 

 

 

 

 

Balance as of December 31, 2019

 

$

 

 

$

 

 

Schedule of components of intangible assets

The components of intangible assets at December 31, 2019 are summarized below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Amortization Years

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Impairment Charges

 

 

Foreign Currency Translation

 

 

Net Book Value

 

Internally developed software

 

7

 

 

 

289

 

 

 

(206

)

 

 

(83

)

 

 

 

 

 

 

Total intangible assets

 

 

 

 

 

$

289

 

 

$

(206

)

 

$

(83

)

 

$

 

 

$

 

 

(a)

During 2019, the Company recorded impairment charges to internally developed software intangible asset of the Critical Power business upon determining that the carrying value of these assets was not recoverable.

 

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 (b)

 

 

$

7,202

 

 

$

(6,175

)

 

$

(377

)

 

$

 

 

$

650

 

Non-compete agreements

 

 

4 (b)

 

 

 

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 (b)

 

 

 

1,576

 

 

 

 

 

 

(870

)

 

 

(22

)

 

 

684

 

Total intangible assets

 

 

 

 

 

$

12,080

 

 

$

(7,124

)

 

$

(1,350

)

 

$

(22

)

 

$

3,584

 

 

(b)

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.