Goodwill and Intangible Assets

Goodwill and Intangible Assets

The following table presents the change in goodwill for the periods presented (in thousands):



Balance as of December 31, 2016	$	57,910
Effect of currency translation	218
Balance as of April 1, 2017	$	58,128

The following table presents the detail of intangible assets for the periods presented (dollars in thousands):



	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Weighted-Average Remaining Life (Years)

April 1, 2017
Indefinite lived intangibles	$	242	$	—		$	242	N/A
Trademarks and trade names	4,401		(4,224		)	177		2.3
Proprietary software	5,123		(4,679		)	444		1.1
Non-compete agreements	128		(124		)	4		0.3
Leasehold interests	170		(118		)	52		2.1
Customer relationships	8,763		(8,199		)	564		5.9
Total	$	18,827	$	(17,344	)	$	1,483

December 31, 2016
Indefinite lived intangibles	$	242	$	—		$	242	N/A
Trademarks and trade names	4,394		(4,200		)	194		2.5
Proprietary software	5,102		(4,485		)	617		1.3
Non-compete agreements	127		(120		)	7		0.6
Leasehold interests	170		(111		)	59		2.3
Customer relationships	8,754		(8,165		)	589		6.1
Total	$	18,789	$	(17,081	)	$	1,708

Amortization expense was $0.2 million and $0.7 million for the three months ended April 1, 2017 and March 26, 2016, respectively. Of these amounts, $0.1 million and $0.5 million was classified as a component of depreciation and amortization, and $0.1 million and $0.2 million was classified as a component of cost of revenue in the condensed consolidated statements of operations for the three months ended April 1, 2017 and March 26, 2016, respectively.

As of April 1, 2017, the estimated future amortization expense related to intangible assets for future fiscal years was as follows (in thousands):



2017 remaining	457
2018	340
2019	143
2020	96
2021	96
Thereafter	109
Total	$	1,241

- 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 + Details