Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2015

Goodwill and Other Intangible Assets [Abstract]

Goodwill Acquired

Furthermore, the purchase price paid by Radiancy, Inc., a private company, includes, among other things, other benefits such as the intrinsic value of being a Nasdaq-listed issuer post-merger and now having access to capital markets and stockholder liquidity.

Balance at January 1, 2015	$	24,048
Translation differences		(644	)
Balance at March 31, 2015	$	23,404

Other Definite-lived Intangible Assets

Set forth below is a detailed listing of other definite-lived intangible assets:

	March 31, 2015									December 31, 2014
	(unaudited)
	Trademarks			Customer Relationships			Total			Trademarks			Customer Relationships			Total
Gross Amount beginning of period	$	5,692		$	6,289		$	11,981		$	5,772		$	6,417		$	12,189
Translation differences		(57	)		(94	)		(151	)		(80	)		(128	)		(208	)
Gross Amount end of period		5,635			6,195			11,830			5,692			6,289			11,981
Accumulated amortization		(1,855	)		(2,039	)		(3,894	)		(1,731	)		(1,913	)		(3,644	)
Net Book Value	$	3,780		$	4,156		$	7,936		$	3,961		$	4,376		$	8,337

Estimated Amortization Expense for Amortizable Intangible Assets

Estimated amortization expense for the above amortizable intangible assets for the future periods is as follows:

Last nine months of 2015	$	900
2016		1,200
2017		1,200
2018		1,200
2019		1,200
Thereafter		2,236
Total	$	7,936