GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2014

NOTE 7. GOODWILL AND INTANGIBLE ASSETS

Goodwill and intangible assets as of March 31, 2014, were the result of our acquisitions of U.S. Ecology Michigan,Inc. on May 31, 2012 and Stablex Canada Inc. (“Stablex”) on October 31, 2010. Prior to the acquisition of Stablex, the Company had no goodwill and intangible assets. All goodwill has been assigned to the Operating Disposal Facilities reporting segment. Changes in goodwill for the three months ended March 31, 2014 consisted of the following:

$s in thousands	Goodwill
Balance at December 31, 2013	$	21,693
Foreign currency translation	(752		)
Balance at March 31, 2014	$	20,941

Intangible assets consisted of the following:

$s in thousands	March 31, 2014			December 31, 2013
Amortizing intangible assets:
Developed software	$	317		$	329
Database	90			94
Customer relationships	4,863			5,005
Technology - Formulae and processes	8,235			8,551
Permits, licenses and lease	25,294			26,264
Non-compete agreements	20			20
Total amortizing intangible assets	38,819			40,263
Accumulated amortization	(4,536		)	(4,341		)

Nonamortizing intangible assets:
Permits and licenses	750			750
Tradename	154			160
Total intangible assets, net	$	35,187		$	36,832

Amortization expense for the three months ended March 31, 2014 and 2013 was $352,000 and $367,000, respectively.

- 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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