Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

We evaluate finite-lived intangible assets for impairment if indicators of impairment exist. No indicators were identified for the years ended December 31, 2016, or December 31, 2015.

Other intangible assets consist of the following:



	As of December 31, 2016
	Gross Carrying Amount		Accumulated Amortization			Net Amount		Weighted Average Remaining Amortization Period (in years)
Other intangible assets:
Customer lists / relationships	$	63,386	$	(30,318	)	$	33,068	11.6
Patents	10,319		(10,319		)	—		—
Technology and other intangibles	36,715		(7,613		)	29,102		11.0
In process research and development	2,200		—			2,200		—
Other intangible assets, net	$	112,620	$	(48,250	)	$	64,370	11.4
Amortization expense for the year ended December 31, 2016			$	5,815

Amortization expense remaining for other intangible assets is as follows:



	Amortization expense
2017	$	6,064
2018	5,956
2019	5,947
2020	5,947
2021	5,868
Thereafter	34,588
Total future amortization expense	$	64,370



	As of December 31, 2015
	Gross Carrying Amount		Accumulated Amortization			Net Amount
Other intangible assets:
Customer lists / relationships	$	51,804	$	(27,101	)	$	24,703
Patents	10,319		(10,319		)	—
Technology and other intangibles	12,871		(5,016		)	7,855
In process research and development	2,200		—			2,200
Other intangible assets, net	$	77,194	$	(42,436	)	$	34,758
Amortization expense for the year ended December 31, 2015			$	4,035
Amortization expense for the year ended December 31, 2014			$	4,190

In 2016, a Step 1 goodwill test was performed by management with the assistance of a third-party valuation firm. As of December 31, 2016, it was concluded that the estimated implied fair value of goodwill exceeded the carrying value and accordingly, no goodwill impairment was required.

Changes in the net carrying value amount of goodwill were as follows:



	Total
Goodwill as of December 31, 2014	$	32,047
Increase from acquisitions	1,818
Goodwill as of December 31, 2015	33,865
Increase from acquisition	27,879
Goodwill as of December 31, 2016	$	61,744

- 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.

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