Note 5 - Goodwill and Other Intangibles

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

5.

Goodwill and Other Intangibles

Goodwill consists of the following:

	As of December 31,
	2018			2017
Balance at beginning of year	$	23,844		$	23,426
Additions for acquisitions		6,361			-
Purchase accounting adjustments		-			257
Divestiture adjustment		(135	)
Effects of currency exchange		(202	)		161
Balance at end of year	$	29,868		$	23,844

Other intangibles consist of the following:

	December 31, 2018						December 31, 2017
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Value		Amortization		Value		Value		Amortization		Value
	(in thousands)
Product technology and intellectual property	$	11,728	$	5,726	$	6,002	$	10,267	$	4,908	$	5,359
Trademarks, tradenames and licenses		2,246		1,561		685		1,948		1,468		480
Customer relationships		10,065		3,806		6,259		5,383		3,299		2,084
Other intangible assets		2,145		1,399		746		1,575		1,264		311
Total identifiable intangible assets	$	26,184	$	12,492	$	13,692	$	19,173	$	10,939	$	8,234

These assets are being amortized over useful lives ranging from

2

to

16

years. The weighted-average amortization period for these intangibles as of

December 

31,

2018,

is

9.5

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

	Year ended December 31,
	2018		2017		2016
			(in thousands)
Amortization expense	$	1,760	$	1,790	$	1,605

Estimated amortization expense for each of the next

five

fiscal years, based upon the intangible assets at

December 

31,

2018,

is as follows

	Year ended December 31,
	2019		2020		2021		2022		2023
	(in thousands)
Amortization expense	$	2,088	$	1,839	$	1,624	$	1,420	$	1,347