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Goodwill and Other Intangibles (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

Goodwill consists of the following:

 

     As of December 31,  
     2017      2016  

Balance at beginning of year

   $ 23,426      $ 17,789  

Additions for acquisitions

     —          5,660  

Purchase accounting adjustments

     257        —    

Effects of currency exchange

     161        (23
  

 

 

    

 

 

 

Balance at end of year

   $ 23,844      $ 23,426  
Components of Identifiable Intangible Assets

Other intangibles consist of the following:

 

    December 31, 2017     December 31, 2016  
    Gross           Net     Gross           Net  
    Carrying     Accumulated     Carrying     Carrying     Accumulated     Carrying  
    Value     Amortization     Value     Value     Amortization     Value  
    (in thousands)  

Product technology and intellectual property

  $ 10,267     $ 4,908     $ 5,359     $ 10,173     $ 4,017     $ 6,156  

Trademarks, tradenames and licenses

    1,948       1,468       480       1,939       1,359       580  

Customer relationships

    5,383       3,299       2,084       5,216       2,588       2,628  

Other intangible assets

    1,575       1,264       311       1,558       1,025       533  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total identifiable intangible assets

  $ 19,173     $ 10,939     $ 8,234     $ 18,886     $ 8,989     $ 9,897  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Amortization Expense Included in General and Administrative Expense

Amortization expense is included in general and administrative expense and is as follows:

 

     Year ended December 31,  
     2017      2016      2015  
     (in thousands)  

Amortization expense

   $ 1,790      $ 1,605      $ 1,513  
  

 

 

    

 

 

    

 

 

 
Estimated Amortization Expense for Each of Five Succeeding Fiscal Years

Estimated amortization expense for each of the five succeeding fiscal years, based upon the intangible assets at December 31, 2017, is as follows:

 

     Year ended December 31,  
     2018      2019      2020      2021      2022  
     (in thousands)  

Amortization expense

   $ 1,593      $ 1,394      $ 1,132      $ 929      $ 713