Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

The changes in the carrying amount of goodwill, included in other non-current assets in our consolidated balance sheets, for the year ended December 31, 2016 and 2015 were as follows:



	2016		2015
Beginning Balance	$	13,737	$	6,680
Goodwill Acquired	16,377		7,057
Ending Balance	$	30,114	$	13,737

In 2016 and 2015, goodwill increased due to the acquisitions of Cape Electrical Supply LLC ("Cape Electric") and Advantage Industrial Automation, Inc. ("Advantage"), respectively. See Note 15, "Acquisitions", for further information on the acquisitions.

As of December 31, 2016, we have completed our annual impairment test and concluded that there is no impairment of our goodwill.

Other Intangible Assets

Other intangible assets, included in other non-current assets in our consolidated balance sheets, consist of the following:



	As of December 31, 2016
	Weighted Average Life	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	8.5 to 10.8 years	$	17,163	$	(1,538	)	$	15,625
Trade name	15 to 20 years	14,263		(543		)	13,720
Non-compete agreements	3 to 5 years	281		(84		)	197
Other intangible assets	10 years	162		(4		)	158
Total		$	31,869	$	(2,169	)	$	29,700



	As of December 31, 2015
	Weighted Average Life	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	10.8 years	$	5,970	$	(393	)	$	5,577
Trade name	15 years	2,103		(99		)	2,004
Non-compete agreements	5 years	210		(30		)	180
Total		$	8,283	$	(522	)	$	7,761

In 2016 and 2015, other intangible assets were acquired in the acquisitions of Cape Electric and Advantage, respectively. See Note 15, "Acquisitions", for further information on the acquisitions.

Amortization expense for other intangible assets was $1,647 and $522 in 2016 and 2015, respectively.

Estimated future amortization expense related to our intangible assets for the years ending December 31 are as follows:



2017	$	2,556
2018	2,556
2019	2,544
2020	2,503
2021	2,490
After 2021	17,051
	$	29,700

We did not incur impairment losses related to our other intangible assets during the year ended December 31, 2016.

- 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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