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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2013
Goodwill and Other Intangible Assets [Abstract]  
Schedule Intangible Assets and Goodwill

Changes in goodwill and intangible asset balances for the years ended December 31, 2013 and 2012 consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

Intangible

 

Goodwill

 

assets

Balance December 31, 2011

$
6,862 

 

$
5,585 

Additions due to acquisitions

 -

 

 -

Amortization

 -

 

(285)

Foreign currency translation

30 

 

29 

Balance December 31, 2012

6,892 

 

5,329 

Additions due to acquisitions

1,194 

 

370 

Amortization

 -

 

(330)

Foreign currency translation

(88)

 

(84)

Balance December 31, 2013

$            7,998

 

$            5,285

 

 

 

 

 

Schedule of Intangible Assets

The components of intangible assets at December 31, 2013 are summarized below (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible

 

Accumulated

 

Foreign currency

 

Net book

 

assets

 

amortization

 

translation

 

value

Customer relationships

$         2,962

 

$           (873)

 

$             (77)

 

$         2,012

Non-compete agreements

465 

 

(138)

 

(1)

 

326 

Trademarks

2,049 

 

-

 

(25)

 

2,024 

Technology-related industry accreditations

950 

 

-

 

(27)

 

923 

Total intangible assets

$         6,426

 

$        (1,011)

 

$           (130)

 

$         5,285

 

 

 

 

 

 

 

 

 

Schedule of Annual Amortization Expense

Future scheduled annual amortization expense for finite life intangible assets is as follows (in thousands):

 

 

 

 

 

 

 

Years Ending December 31,

 

Total

2014

 

$          327

2015

 

325 

2016

 

324 

2017

 

324 

2018

 

247 

Thereafter

 

790 

 

 

$       2,337