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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

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 

 

Schedule of intangible assets

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 

 

Schedule of components Intangible Assets

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.