Note 4 - Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2017

Goodwill and Intangible Assets Disclosure [Text Block]

Note

– Goodwill and Other Intangible Assets

There were

changes in the carrying amount of Goodwill during the

three

and

six

months ended

June 30, 2017.

Intangible Assets

other than Goodwill at

June 30, 2017

and

December 31, 2016

were as follows:

	June 30, 2017							December 31, 2016							Useful		Weighted Average Useful Life
(in thousands)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net		Life (in years)		Remaining (in years)
Intangible Assets with finite lives:
Marketing assets	$	930	$	(295	)	$	635	$	930	$	(248	)	$	682		10.0		6.8
Non-compete agreement		190		(190	)		-		190		(190	)		-		2.0		-
Trade secrets		250		(158	)		92		250		(133	)		117		5.0		1.8
Internally developed software		680		(680	)		-		680		(604	)		76		3.0		-
Customer relationships		2,530		(890	)		1,640		2,530		(750	)		1,780		9.0		5.8
Total intangible assets	$	4,580	$	(2,213	)	$	2,367	$	4,580	$	(1,925	)	$	2,655

Amortization expense for intangible assets

was

$0.1

million and

$0.2

million for the

three

months ended

June 30, 2017

and

2016,

respectively, and

$0.3

million and

$0.4

million for the

six

months ended

June 30, 2017

and

2016,

respectively.

Estimated aggregated amortization expense based on the current carrying value of the amortizable intangible assets is as follows:

(in thousands)	Estimated Amortization Expense
Remaining 2017	$	212
2018		424
2019		391
2020		374
2021		374
Thereafter		592
Total estimated amortization expense	$	2,367

- 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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