XML 50 R33.htm IDEA: XBRL DOCUMENT v3.7.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by segment

Changes in the carrying amount of goodwill by reportable segment during the years ended December 31, 2016 and 2015 are as follows:

 

    T&D     Critical Power        
    Solutions     Solutions     Total  
    Segment     Segment     Goodwill  
Gross Goodwill:                        
Balance as of January 1, 2015   $ 7,703     $ 2,879     $ 10,582  
Additions due to acquisitions     371             371  
Adjustments           91       91  
Balance as of December 31, 2015   $ 8,074     $ 2,970     $ 11,044  
Accumulated impairment losses:                        
Balance as of January 1, 2015   $ (976 )   $     $ (976 )
No activity                  
Balance as of December 31, 2015   $ (976 )   $     $ (976 )
                         
Net Goodwill   $ 7,098     $ 2,970     $ 10,068  
                         
Gross Goodwill:                        
Balance as of January 1, 2016   $ 8,074     $ 2,970     $ 11,044  
Adjustments     (96 )           (96 )
Balance as of December 31, 2016   $ 7,978     $ 2,970     $ 10,948  
Accumulated impairment losses:                        
Balance as of January 1, 2016   $ (976 )   $     $ (976 )
No activity                  
Balance as of December 31, 2016   $ (976 )   $     $ (976 )
                         
Net Goodwill   $ 7,002     $ 2,970     $ 9,972  
Schedule of changes in intangible asset balances

Changes in intangible asset balances for the years ended December 31, 2016 and 2015 consisted of the following:

 

    T&D     Critical Power     Total  
    Solutions     Solutions     Intangible  
    Segment     Segment     Assets  
Balance as of January 1, 2015   $ 4,644     $ 5,147     $ 9,791  
Additions due to acquisition     2,386             2,386  
Amortization     (515 )     (1,304 )     (1,819 )
Impairment charges     (404 )           (404 )
Foreign currency translation     2             2  
Balance as of December 31, 2015   $ 6,113     $ 3,843     $ 9,956  
Adjustments     62             62  
Amortization     (506 )     (1,240 )     (1,746 )
Impairment charges     (110 )           (110 )
Foreign currency translation     6             6  
Balance as of December 31, 2016   $ 5,565     $ 2,603     $ 8,168
Schedule of components of intangible assets

The components of intangible assets at December 31, 2016 are summarized below:

 

    Weighted Average Amortization Years     Gross Carrying Amount     Accumulated Amortization     Impairment Charges     Foreign Currency Translation     Net Book Value  
Customer relationships     7     $ 7,203     $ (3,564 )   $     $     $ 3,639  
Non-compete agreements     6       720       (392 )           (6 )     322  
Trademarks     (a)       2,139       (251 )           (73 )     1,815  
Distributor territory license     4       474       (237 )                 237  
Internally developed software     7       289       (83 )                 206  
Developed technology     10       493       (99 )                 394  
Technology-related industry accreditations     Indefinite       1,686             (110 )     (21 )     1,555  
Total intangible assets           $ 13,004     $ (4,626 )   $ (110 )   $ (100 )   $ 8,168  

 

(a) Includes $1.8 million of trademarks with an indefinite useful life.

Schedule of future amortization expense

Future scheduled annual straight-line amortization expense over the useful lives of finite life intangible assets is as follows:

 

Years Ending December 31,     Total  
2017     $ 1,655  
2018       1,578  
2019       291  
2020       266  
2021       265  
Thereafter       743  
      $ 4,798