Detail of Selected Balance Sheet Accounts

12 Months Ended

Dec. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Detail of Selected Balance Sheet Accounts

3. Detail of Selected Balance Sheet Accounts

Property and Equipment

Property and equipment are stated at cost and consist of:

	At December 31,
	2016		2015
	(In thousands)
Land	$	2,476	$	2,476
Buildings		8,105		7,706
Machinery and equipment		12,934		11,885
		23,515		22,067
Less accumulated depreciation		12,254		11,168
Total	$	11,261	$	10,899

Intangible assets

Intangible assets consist of:

	At December 31,
	2016		2015
	(In thousands)
Tradenames	$	5,996	$	3,846
Customer relationships		18,620		11,630
		24,616		15,476
Less accumulated amortization:
Tradenames		—		—
Customer relationships		11,238		9,492
		11,238		9,492
Total	$	13,378	$	5,984

Intangible assets include customer relationships which are being amortized over 6 to 9 year useful lives. The weighted average amortization period for intangible assets is 8.8 years. Tradenames are not amortized; however, they are tested annually for impairment. As of December 31, 2016, accumulated amortization on the acquired intangible assets, was $11.2 million and amortization expense was $1.7 million in the year ended December 31, 2016, $1.8 million in the year ended December 31, 2015 and $1.7 million in the year ended December 31, 2014. Future amortization expense to be recognized on the acquired intangible assets is expected to be as follows:

	Annual Amortization Expense
	(In thousands)
2017	$	1,362
2018		777
2019		777
2020		777
2021		777
2022		777
2023		777
2024		777
2025		583

Goodwill

	At December 31,
	2016		2015
	(In thousands)
Goodwill	$	25,082	$	25,082
Current year acquisitions		10,266		—
		35,348		25,082
Less accumulated impairment losses		12,578		10,216
Net balance	$	22,770	$	14,866

Accrued and Other Current Liabilities

Accrued and other current liabilities consist of:	At December 31,
	2016		2015
	(In thousands)
Customer advances	$	—	$	169
Customer rebates		3,343		3,166
Payroll, commissions, and bonuses		1,783		1,148
Accrued inventory purchases		4,268		1,800
Other		3,854		3,285
Total	$	13,248	$	9,568