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ACQUISITIONS (Tables)
12 Months Ended
Dec. 31, 2016
Business Combinations [Abstract]  
Schedule of acquisitions

A summary of the acquisitions is as follows:

 

Business Acquired   Closing   Net Assets Acquired
(in 000s)
  Segment   Primary Form of Consideration
Harmonics Holdings Inc.   01/16/15           1,043   T&D Solutions   Seller note/debt forgiveness 
Pacific Power Systems Integration, Inc.   08/01/15           2,013   T&D Solutions   Cash 
              3,056      
Schedule of consideration paid for acquisitions and allocation of the amount to the net tangible and identifiable intangible assets

The following table summarizes the consideration paid for the Harmonics and Pacific acquisitions and presents the allocation of the amount to the net tangible and identifiable intangible assets based on their estimated fair values as of January 16, 2015 and August 1, 2015, respectively:

 

    Harmonics Acquisition     Pacific Acquisition  
Purchase Price                
Cash consideration   $ 93     $ 2,013  
Forgiveness of trade payables and indebtedness due to purchaser     609        
Deferred payments due to seller     341        
    $ 1,043     $ 2,013  
                 
Initial Purchase Price Allocation                
Current assets   $ 21     $ 18  
Property, plant and equipment     4       182  
Identifiable intangible assets     995       1,562  
Goodwill     23       251  
Net assets acquired   1,043     2,013  

 

Schedule of major classes of intangible assets arising from the acquisitions

The following table summarizes the major classes of intangible assets arising from the acquisition of Harmonics and Pacific, their respective amortization periods, and the amount of amortization expense recognized during the year ended December 31, 2016:

 

    Weighted Average
Amortization Years
    Harmonics Acquisition  
Acquired Intangible Assets                
Customer relationships     10     $ 319  
Non-compete agreements     5       75  
Developed technology     10       492  
Trademark     Indefinite       26  
   Technology-related industry accreditations     Indefinite       83  
            $ 995  
                 
Amortization expense recorded during the year ended December 31, 2016           $ 93  

  

    Weighted Average
Amortization Years
    Pacific Acquisition  
Acquired Intangible Assets (a)                
Customer relationships     13     $ 512  
Non-compete agreements     7       180  
   Technology-related industry accreditations     Indefinite       870  
            $ 1,562  
                 
Amortization expense recorded during the year ended December 31, 2016           $ 62  

 

(a) In connection with completing its purchase price allocation certain assets were identified and reclassed in 2016.