Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

6. GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in the carrying values of goodwill for the three months ended March 31, 2016, were as follows (in thousands):

	T&D Solutions Segment		Critical Power Solutions Segment		Total Goodwill
Balance as of January 1, 2016	$	7,099	$	2,969	$	10,068
No activity		—		—		—
Balance as of March 31, 2016	$	7,099	$	2,969	$	10,068

Changes in the carrying values of intangible assets for the three months ended March 31, 2016, were as follows (in thousands): 

	T&D Solutions Segment			Critical Power Solutions Segment			Total Intangible Assets
Balance as of January 1, 2016	$	6,113		$	3,843		$	9,956
Amortization		(128	)		(326	)		(454	)
Foreign currency translation		8			—			8
Balance as of March 31, 2016	$	5,993		$	3,517		$	9,510

The components of intangible assets as of March 31, 2016 are summarized below (in thousands): 

	Weighted Average Amortization Years		Gross Carrying Amount		Accumulated Amortization			Foreign Currency Translation		Net Book Value
Customer relationships		7	$	7,089	$	(2,567	)	$	—	$	4,522
Non-compete agreements		5		635		(308	)		—		327
Trademarks		(a)		2,060		(200	)		13		1,873
Distributor territory license		4		474		(148	)		—		326
Internally developed software		7		289		(52	)		—		237
Developed technology		10		492		(64	)		—		428
Technology-related industry accreditations		Indefinite		1,795		—			2		1,797
Total intangible assets			$	12,834	$	(3,339	)	$	15	$	9,510

(a) Includes $1.8 million of trademarks with an indefinite useful life, and $0.3 million of trademarks that will be fully amortized by December 31, 2016 as a result of the Company’s decision to cease using them.