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Goodwill
12 Months Ended
Dec. 31, 2015
Goodwill [Abstract]  
Goodwill

6. GOODWILL

 

The Company performed its annual goodwill impairment test as of November 30th for each of the years ended December 31, 2015, 2014 and 2013.  The Company completed an analysis to assess the fair value of its reporting unit to determine whether goodwill was impaired and the extent of such impairment, if any for the years ended December 31, 2015, 2014 and 2013.  Based upon this analysis, the Company has concluded that no impairment of goodwill or intangible assets occurred during the years ended December 31, 2015 and 2014. However, due to the restructuring plan that took effect in June of 2013, goodwill of $515 was determined to be impaired during the year ended December 31, 2013 and was included in the loss from discontinued operations in the consolidated statement of operations.

The changes in the carrying amount of goodwill for the years presented are as follows:

 

 

 

 

Carrying amount at December 31, 2012

$

9,709 

Changes to the carrying amount

 

 -

Impairment of goodwill of discontinued operations (Note 2)

 

(515)

Carrying amount at December 31, 2013

 

9,194 

Changes to the carrying amount

 

 -

Carrying amount at December 31, 2014

 

9,194 

Acquistion of assets of PC Werth (Note 4)

 

357 

Carrying amount at December 31, 2015

$

9,551