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GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of detail and activity of goodwill by segment
Detail and activity of goodwill by segment is presented below (in thousands):
 
MMS
 
ATA
 
Total
Balance at December 31, 2013(1)
$
4,848

 
$
5,154

 
$
10,002

Acquisition of Forkardt India
—

 
1,626

 
1,626

Currency translation adjustments
—

 
(4
)
 
(4
)
Balance at June 30, 2014
$
4,848

 
$
6,776

 
$
11,624

____________________
(1) 
In accordance with business combination guidance, changes to the purchase price allocation are adjusted retrospectively to the consolidated financial results. The values above include measurement period adjustments recorded in the six months ended June 30, 2014 to primarily revise the fair value of other current assets, accrued expenses and AOCI. The December 31, 2013 balances included in the consolidated balance sheets have been revised to include the effect of the measurement period adjustments.
Summary of the major components of intangible assets other than goodwill
The major components of intangible assets other than goodwill are as follows (in thousands):
 
June 30,
2014
 
December 31,
2013
Gross amortizable intangible assets:
 

 
 

Land rights
$
2,797

 
$
2,865

Patents
3,052

 
3,030

Technical know-how, customer lists, and other
22,661

 
21,375

Total gross amortizable intangible assets
28,510

 
27,270

 
 
 
 
Accumulated amortization:
 

 
 

Land rights
(200
)
 
(177
)
Patents
(2,918
)
 
(2,884
)
Technical know-how, customer lists, and other
(6,058
)
 
(5,220
)
Total accumulated amortization
(9,176
)
 
(8,281
)
Amortizable intangible assets, net
19,334

 
18,989

 
 
 
 
Indefinite lived intangible assets:
 

 
 

Assets associated with Bridgeport acquisition(1)
7,371

 
7,354

Usach trade name(2)
1,550

 
1,550

Forkardt trade name(3) 
4,170

 
4,170

 
13,091


13,074

Intangible assets other than goodwill, net
$
32,425

 
$
32,063

____________________
(1) 
Represents the aggregate value of the trade name, trademarks and copyrights associated with the former worldwide operations of Bridgeport. The Bridgeport brand name is used on all of the machining center lines. After consideration of legal, regulatory, contractual, competitive, economic and other factors, the asset has been determined to have an indefinite useful life.
 
(2) 
Represents the value of the trade name associated with Usach, which the Company acquired in 2012. The Usach trade name is used on all of the grinding machines and grinding systems manufactured by Usach. After consideration of legal, regulatory, contractual, competitive, economic and other factors, the asset has been determined to have an indefinite useful life.
 
(3)  
Represents the value of the trade name associated with Forkardt, which the Company acquired in 2013. The Forkardt trade name is used on all of the products manufactured by Forkardt. After consideration of legal, regulatory, contractual, competitive, economic and other factors, the asset has been determined to have an indefinite useful life.