Note 6 - Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Text Block]

(

) Goodwill and Intangible Assets

The changes in the carrying amount of goodwill for the years ended December 31, 2015 and 2014 are as follows:

Balance as of December 31, 2013	$	38,670
Acquisition of business		9,715
Translation effect		(4,473	)
Balance as of December 31, 2014	$	43,912
Impairment charge (see Note 7)		(8,542	)
Translation effect		(3,307	)
Balance as of December 31, 2015	$	32,063

Acquired intangible assets, which are amortized, consist of the following:

				As of December 31, 2015
	Amortization Period (years)			Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount

Internal-use software	3	-	7	$	4,147	$	(204	)	$	3,943
Technology-based intangibles	20				3,310		(952	)		2,358
Customer-related intangibles	10	-	15		642		(252	)		390
				$	8,099	$	(1,408	)	$	6,691

				As of December 31, 2014
	Amortization Period (years)			Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount

Technology-based intangibles	10	-	20	$	8,228	$	(1,141	)	$	7,087
Internal-use software	7				1,332		-			1,332
Customer-related intangibles	10	-	15		716		(233	)		483
				$	10,276	$	(1,374	)	$	8,902

The change in the gross carrying amount in 2015 is mainly due to the implementation of a new enterprise resource planning (“ERP”) system, an impairment charge related to Zenara of $3,625 classified as technology-based intangibles, and the impact of foreign currency translation.

Beginning in 2014, the Company began implementing a new ERP system, as such, $2,639 and $1,332 has been capitalized and classified as internal-use software during the years ended December 31, 2015 and 2014, respectively.

Amortization expense amounted to $865, $530, and $255 for the years ended December 31, 2015, 2014 and 2013, respectively.

Amortization expense related to current intangible assets is expected to be approximately $806 for 2016, $845 for 2017 and 2018, $795 for 2019, and $783 for 2020.

- 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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