Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

The Company recorded goodwill of $7.0 million as of September 30, 2017, and $0.6 million as of December 31, 2016.

Intangible assets subject to amortization are amortized on a straight-line basis. Intangible assets are summarized in the table below:



		September 30, 2017						December 31, 2016
(in thousands)	Estimated Useful Life	Gross Carrying Amount		Accumulated Amortization		Intangible Assets, net		Gross Carrying Amount		Accumulated Amortization		Intangible Assets, net
AHS acquisition
Portal	4 years	$	4,151	$	2,548	$	1,603	$	4,151	$	1,770	$	2,381
Customer relationships	8 years	2,097		644		1,453		2,097		447		1,650
Provant Merger
Technology	6 years	4,200		273		3,927		—		—		—
Customer relationships	8 years	3,400		166		3,234		—		—		—
Trade name/trademark	9 years	200		104		96		—		—		—
Non-compete agreements	1 year	10		3		7		—		—		—
Total		$	14,058	$	3,738	$	10,320	$	6,248	$	2,217	$	4,031

Amortization expense for the three month periods ended September 30, 2017 and 2016 was $0.7 million and $0.3 million, respectively. Amortization expense for the nine month periods ended September 30, 2017 and 2016 was $1.5 million and $1.0 million, respectively.

Based on the Company's recent financial performance and negative shareholders' equity, management determined a review of impairment of the Company's long-lived intangible assets was necessary as of September 30, 2017. The Company performed an assessment of the recoverability of the long-lived intangible assets and determined they were recoverable, and thus no impairment charge for long-lived intangible assets was required at September 30, 2017. Note that due to the Merger with Provant, the Company will be transitioning customers from the AHS portal to the Provant portal. The transition plan is to have all customers migrated by early 2019, and thus, the impairment analysis was adjusted to reflect this transition. The Company will continue to evaluate the impact of the transition on the long-lived intangible assets.

- 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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