Note 4 - Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Text Block]

(4)	Goodwill and Intangible Assets

The change in the carrying amount of goodwill for the nine months ended September 30, 2016, is as follows:

Balance as of December 31, 2015	$	32,063
Translation effect		624
Balance as of September 30, 2016	$	32,687

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

				As of September 30, 2016
	Amortization Period (years)			Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount

Internal-use software	3	-	7	$	5,566	$	(657	)	$	4,909
Technology-based intangibles		20			3,393		(1,103	)		2,290
Customer-related intangibles	10	-	15		658		(293	)		365
				$	9,617	$	(2,053	)	$	7,564

				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

The change in the gross carrying amount is due to additions and the impact of foreign currency translation. During the nine months ended September 30, 2016, $1,419 has been capitalized and classified as internal-use software, related to the implementation of a new enterprise resource planning system.

Amortization expense was $227 and $614 for the three and nine months ended September 30, 2016, respectively. Amortization expense was $245 and $580 for the three and nine months ended September 30, 2015, respectively.

Amortization expense related to intangible assets is expected to be approximately $845 for 2016, $1,062 for 2017 through 2019, and $1,043 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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