Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Intangible Assets and Goodwill

The changes in intangible assets and goodwill from December 31, 2015 to June 30, 2016, were as follows:

(in thousands)	December 31, 2015	Assets acquired April 8, 2016	Amortization		Currency Translation	June 30, 2016
Amortized intangible assets:
AEC trade names	$25	$-	$(2	)	$-	$23
AEC technology	129	-	(12	)	-	117
Customer relationships	-	40,740	(495	)	-	40,245
Customer contracts	-	16,900	(650	)	-	16,250
Other intangibles	-	1,720	(30	)	-	1,690
Total amortized intangible assets	$154	$59,360	($1,189	)	$-	$58,325
Unamortized intangible assets:
MC Goodwill	$66,373	$-	$-		$866	$67,239
AEC Goodwill	-	31,327	-		-	31,327
Total unamortized intangible assets:	$66,373	$31,327	$-		$866	$98,566

Schedule of Estimated Amortization Expense

Based on the preliminary valuation, estimated amortization expense of intangibles for the years ending December 31, 2016 through 2020, is as follows:

	Annual amortization
Year	(in thousands)
2016	$3,850
2017	5,100
2018	5,100
2019	5,100
2020	5,100