Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2014

Goodwill and Other Intangible Assets

NOTE 6 — Goodwill and Other Intangible Assets

Other intangible assets consist of the following:

	As of December 31, 2014
($ in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Amount

Amortized intangible assets:
Customer lists/relationships	$	51,804	$	(24,415	)	$	27,389
Patents		10,319		(10,319	)		—
Other intangibles		12,270		(3,757	)		8,513

Other intangible assets, net	$	74,393	$	(38,491	)	$	35,902

Amortization expense for the year ended December 31, 2014			$	4,190

Amortization expense remaining for other intangible assets is as follows:

($ in thousands)	Amortization expense

2015	$	3,949
2016		3,647
2017		3,569
2018		3,484
2019		3,475
Thereafter		17,778

Total amortization expense	$	35,902

	As of December 31, 2013
($ in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Amount

Amortized intangible assets:
Customer lists/relationships	$	51,804	$	(21,490	)	$	30,314
Patents		10,319		(10,319	)		—
Other intangibles		12,270		(2,492	)		9,778

Other intangible assets, net	$	74,393	$	(34,301	)	$	40,092

Amortization expense for the year ended December 31, 2013			$	5,002

Amortization expense for the year ended December 31, 2012			$	2,118

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

($ in thousands)	Total

Goodwill as of December 31, 2012	$	32,547
2013 reduction — sale of EMS business		(500	)

Goodwill as of December 31, 2013		32,047
Impairment charge		—

Goodwill as of December 31, 2014	$	32,047

- 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