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Goodwill and Other Intangibles
9 Months Ended
Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangibles

5. Goodwill and Other Intangibles

Goodwill consists of the following:

 

     (in thousands)  

Balance at beginning of year

   $ 17,281   

Additions for acquisitions

     742   

Effects of currency exchange

     (306
  

 

 

 

Balance at September 30, 2015

   $ 17,717   
  

 

 

 

Other intangibles consist of the following:

 

     September 30, 2015      December 31, 2014  
     Gross
Carrying
Value
     Accumulated
Amortization
     Net
Carrying
Value
     Gross
Carrying
Value
     Accumulated
Amortization
     Net
Carrying
Value
 
     (in thousands)  

Product technology

   $ 7,083       $ 3,052       $ 4,031       $ 7,134       $ 2,777       $ 4,357   

Trademarks and licenses

     1,556         1,190         366         1,557         1,074         483   

Customer relationships

     3,791         2,054         1,737         3,694         1,781         1,913   

Other intangible assets

     1,295         773         522         1,084         680         404   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total identifiable intangible assets

   $ 13,725       $ 7,069       $ 6,656       $ 13,469       $ 6,312       $ 7,157   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

These intangible assets are being amortized over their useful lives ranging from 1 to 13 years. The weighted-average amortization period for these intangibles as of September 30, 2015 is 7.3 years. Amortization expense is included in general and administrative expense and is as follows:

 

     Three months
ended
September 30,
     Nine months ended
September 30,
 
     2015      2014      2015      2014  
     (in thousands)  

Amortization expense

   $ 387       $ 359       $ 1,135       $ 1,098   
  

 

 

    

 

 

    

 

 

    

 

 

 

Estimated amortization expense for the remainder of 2015 and each of the five succeeding fiscal years is as follows:

 

     2015      2016      2017      2018      2019      2020  
     (in thousands)  

Amortization expense

   $ 365       $ 1,456       $ 1,199       $ 1,012       $ 827       $ 578