Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2014

Goodwill and Other Intangible Assets [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

6. Goodwill and Other Intangible Assets

The Company’s goodwill and other intangible assets have been recorded at fair value as of the acquisition date. The change in the carrying value of goodwill is as follows:



	Amount
	(in thousands)
Balance at December 31, 2012	$	17,949
PlanSwift acquisition	5,988
Latista acquisition	28,911
Balance at December 31, 2013 and 2014	$	52,848

The carrying amount and accumulated amortization of identifiable intangible assets consisted of the following:



	As of December 31,
	2014						2013
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(in thousands)
Development product technologies	$	9,190	$	5,741	$	3,449	$	9,190	$	2,824	$	6,366
Customer relationships	9,610		2,217		7,393		9,610		1,159		8,451
Trademarks	2,060		1,197		863		2,060		658		1,402
Covenants not to compete	1,670		1,243		427		1,670		781		889
Total	$	22,530	$	10,398	$	12,132	$	22,530	$	5,422	$	17,108

Amortization expense related to identifiable intangible assets was $4,977, $972, $2,911 and $1,798, respectively, for the year ended December 31, 2014, the three months ended December 31, 2013, and the years ended September 30, 2013 and 2012.

The estimated amortization expense for the five succeeding years and thereafter at December 31, 2014 is as follows:



	Amount
	(in thousands)
2015	$	4,172
2016	2,685
2017	1,059
2018	879
2019	863
Thereafter	2,474
Total	$	12,132

- 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.

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