Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

We perform a goodwill impairment test annually during our fourth quarter and more frequently if an event or circumstance indicates that an impairment may have occurred. Such events or circumstances may include, among other things, significant adverse changes in the general business climate.

In the second quarter of 2016, due to the 2016 Realignment Plan (as defined and discussed in Note 14 below), we performed a quantitative assessment of our goodwill balance. Our impairment test did not indicate any impairment of goodwill as the fair value of our business substantially exceeded its carrying value as of period end.

Our goodwill balance did not change during the six months ended June 30, 2016 or during the year ended December 31, 2015.

Other Intangible Assets, net

The following table presents our intangible assets and their related useful lives (dollars in thousands):



	Useful Life	June 30, 2016			December 31, 2015
Acquired technology	5-7 years	$	20,441		$	20,441
Accumulated amortization		(17,664		)	(16,103		)
		2,777			4,338
Perpetual software licenses	2 years	2,430			2,430
Accumulated amortization		(2,430		)	(2,430		)
		—			—
Covenant not to compete	1-4 years	2,028			2,028
Accumulated amortization		(2,028		)	(1,976		)
		—			52
Other	2-7 years	1,939			1,939
Accumulated amortization		(1,908		)	(1,783		)
		31			156
Total intangible assets, net		$	2,808		$	4,546

Amortization expense related to intangible assets was as follows (in thousands):

Expected future amortization expense as of June 30, 2016 is as follows (in thousands):



Remainder of 2016	$	842
2017	1,587
2018	379
2019	—
2020	—
Thereafter	—
	$	2,808

- 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.

+ References + Details

Three Months Ended
June 30,

Six Months Ended
June 30,