Note 6 - Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Text Block]

(

)

Goodwill and Intangible Assets

Goodwill and intangible assets consisted of the following at

December 31,

201

	Useful Life			Gross		Accumulated Amortization		Net
	(In years)					(In thousands)
Goodwill				$	58,021			$	58,021
Non-amortizing intangible assets:
Indefinite trade name					1,191				1,191
Amortizing intangible assets:
Customer related	5	-	15		9,347		8,611		736
Technology		7			1,360		523		837
Trade names	5	-	10		1,572		1,572		--
Total amortizing intangible assets					12,279		10,706		1,573
Total intangible assets other than goodwill				$	13,470	$	10,706	$	2,764

oodwill and intangible assets consisted of the following at

December 31, 2016:

	Useful Life			Gross		Accumulated Amortization		Net
	(In years)					(In thousands)
Goodwill				$	57,861			$	57,861
Non-amortizing intangible assets:
Indefinite trade name					1,191				1,191
Amortizing intangible assets:
Customer related	5	-	15		9,331		8,164		1,167
Technology		7			1,110		344		766
Trade names	5	-	10		1,572		1,572		--
Total amortizing intangible assets					12,013		10,080		1,933
Total intangible assets other than goodwill				$	13,204	$	10,080	$	3,124

The following represents a summary of changes in the Company’s carrying amount of goodwill for the years ended

December 31, 2017,

and

2016

(in thousands):

Balance as of December 31, 201 5	$	57,792
Foreign currency translation		69
Balance as of December 31, 201 6	$	57,861
Foreign currency translation		160
Balance as of December 31, 201 7	$	58,021

Aggregate amortization expense for customer

related intangibles, trade names, technology and non-competes for the years ended

December 31, 2017,

2016

and

2015

was

$610,000,

$654,000,

and

$995,000,

respectively. Estimated amortization expense for the next

five

years is:

2018—

$662,000;

2019—

$374,000;

2020—

$318,000;

2021—

$180,000;

2022—

$39,000.

- 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