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Note 7 - Goodwill and Other Intangible Assets
3 Months Ended
Mar. 31, 2013
Goodwill and Intangible Assets Disclosure [Text Block]
7. Goodwill and Other Intangible Assets

Goodwill

The carrying value of goodwill was $5.2 million at December 31, 2011, all of which was allocated to the Company’s single reportable segment. Of this balance, $4.7 million reflected the balance of Solar Power, Inc. carried by its parent company, LDK, as required under the accounting guidelines for a transfer of an entity under common control (refer to Note 5— Acquisition of Solar Green Technology ). During the three months ended September 30, 2012, due primarily to the reduction in the Company’s market capitalization, the Company’s market value was significantly below its book value, thus triggering an impairment analysis. As a result of this analysis, the Company recorded a goodwill impairment charge of $5.2 million. As a result, the balance of goodwill as of March 31, 2013 and December 31, 2012 was zero.

Other Intangible Assets

Resulting from the June 2012 acquisition of SGT, reflected in the Condensed Consolidated Balance Sheets of the Company are certain intangible assets, namely patent and customer relationships, and related amortization expense from March 31, 2011 forward. During the three months ended December 31, 2012, the Company determined that the carrying value of certain intangible assets related to customer relationships were no longer recoverable based on a discrete evaluation of the nature of the intangible assets, incorporating the effect of the Company’s decision during the three months ended December 31, 2012 to no longer maintain the customer relationships. As a result, the Company recorded an impairment charge of $0.1 million on its Consolidated Statement of Operations for the year ended December 31, 2012. The balance of intangible assets as of March 31, 2013 and December 31, 2012 was $1.6 million and $1.7 million, respectively.

Other intangible assets consisted of the following (in thousands):

   
Estimated Useful Life (in months)
   
Gross
   
Impairment
Charge
   
Accumulated
Amortization
   
Net
 
As of March 31, 2013
                             
Patent
  57     $ 2,700     $ -     $ (1,140 )   $ 1,560  
Customer relationships
  33       400       (148 )     (252 )     -  
          $ 3,100     $ (148 )   $ (1,392 )   $ 1,560  
                                       
As of December 31, 2012
                                     
Patent
  57     $ 2,700     $ -     $ (997 )   $ 1,703  
Customer relationships
  33       400       (148 )     (252 )     -  
          $ 3,100     $ (148 )   $ (1,249 )   $ 1,703  

As of March 31, 203, the future amortization expense related to other intangible assets is as follows (in thousands):

   
Amount
 
Year
     
2013
  $ 427  
2014
    570  
2015
    563  
2016
    -  
    $ 1,560