Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 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 September 30, 2016, were as follows:

(in thousands)	December 31, 2015	Assets acquired April 8, 2016	Amortization		Currency Translation	September 30, 2016
Amortized intangible assets:
AEC trade names	$25	$-	$(4	)	$-	$21
AEC technology	129	-	(19	)	-	110
Customer relationships	-	40,740	(1,354	)	-	39,386
Customer contracts	-	16,900	(62	)	-	16,838
Other intangibles	-	1,720	(1,031	)	-	689
Total amortized intangible assets	$154	$59,360	($2,470	)	$-	$57,044
Unamortized intangible assets:
MC Goodwill	$66,373	$-	$-		$1,317	$67,690
AEC Goodwill	-	67,034	-		-	67,034
Total unamortized intangible assets:	$66,373	$67,034	$-		$1,317	$134,724

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	$3,749
2017	5,119
2018	5,119
2019	5,119
2020	5,119