Goodwill & Other Intangible Assets

12 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

(3)

Goodwill & Other Intangible Assets

Goodwill

Changes in the carrying amount of goodwill by reportable business segment for the years ended December 31, 2013 and 2012 were as follows (in thousands):

			Professional		Sandy		Performance
	Learning		& Technical		Training &		Readiness
	Solutions		Services		Marketing		Solutions		Energy		Total
Net book value at
January 1, 2012
Goodwill	$	39,109	$	45,520	$	6,161	$	9,795	$	8,170	$	108,755
Accumulated impairment losses		(2,079)		(7,830)		(5,508)		—		—		(15,417)
Total		37,030		37,690		653		9,795		8,170		93,338
2012 Activity:
Acquisitions		8,226		—		—		—		340		8,566
Foreign currency translation		913		—		—		—		12		925
Other		(8)		—		—		—		—		(8)
Net book value at
December 31, 2012
Goodwill		48,240		45,520		6,161		9,795		8,522		118,238
Accumulated impairment losses		(2,079)		(7,830)		(5,508)		—		—		(15,417)
Total		46,161		37,690		653		9,795		8,522		102,821
2013 Activity:
Acquisitions		13,606		—		—		—		—		13,606
Purchase adjustments		(196)		—		—		—		117		(79)
Foreign currency translation		620		—		—		—		23		643
Other		(4)		—		—		—		—		(4)
Net book value at
December 31, 2013
Goodwill		62,266		45,520		6,161		9,795		8,662		132,404
Accumulated impairment losses		(2,079)		(7,830)		(5,508)		—		—		(15,417)
Total	$	60,187	$	37,690	$	653	$	9,795	$	8,662	$	116,987

Intangible Assets Subject to Amortization

Intangible assets with finite lives are subject to amortization over their estimated useful lives. The primary assets included in this category and their respective balances were as follows (in thousands):

December 31, 2013
	Gross Carrying		Accumulated		Net Carrying
	Amount		Amortization		Amount
Customer relationships	$	26,470	$	(13,070)	$	13,400
Tradenames		191		(119)		72
Intellectual property and other		2,364		(707)		1,657
	$	29,025	$	(13,896)	$	15,129

December 31, 2012
Customer relationships	$	22,193	$	(9,064)	$	13,129
Tradenames		982		(700)		282
Intellectual property and other		3,686		(1,225)		2,461
	$	26,861	$	(10,989)	$	15,872

Amortization expense for intangible assets was $5,354,000, $4,598,000 and $3,418,000 for the years ended December 31, 2013, 2012 and 2011, respectively. Estimated amortization expense for intangible assets included in our consolidated balance sheet as of December 31, 2013 is as follows (in thousands):

Fiscal year ending:
2014	$	5,404
2015		3,995
2016		2,984
2017		1,882
2018		832
Thereafter		32
Total	$	15,129

As of December 31, 2013, our intangible assets with definite lives had a weighted average remaining useful life of 3.5 years. We have no amortizable intangible assets with indefinite useful lives.

- 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