Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Intangible Assets

The changes in the carrying amount of goodwill for the six months ended June 30, 2015 were as follows (in thousands):

Balance as of January 1, 2015	$	1,635
Foreign currency translation adjustment		(62)
Balance as of June 30, 2015	$	1,573

Information regarding the Company’s acquisition-related intangible assets is as follows (in thousands):

					Trademarks
	Developed		Customer		and
	technology		relationships		tradenames		Patents		Total
Gross carrying amounts:
Balance as of December 31, 2014		2,369		2,439		596		50		5,454
Foreign currency translation		(151)		(157)		(13)		(4)		(325)
Balance as of June 30, 2015	$	2,218	$	2,282	$	583	$	46	$	5,129

					Trademarks
	Developed		Customer		and
	technology		relationships		tradenames		Patents		Total
Accumulated amortization:
Balance as of December 31, 2014		98		84		11		-		193
Amortization expense		113		97		46		4		260
Foreign currency translation		(8)		(7)		(1)		-		(16)
Balance as of June 30, 2015	$	203	$	174	$	56	$	4	$	437

Amortization expense relating to acquisition-related intangible assets for the three months ended June 30, 2015 was $0.2 million. There was no amortization expense during the three months ended June 30, 2014 as the acquisition was consummated on July 28, 2014.

Amortization expense relating to acquisition-related intangible assets for the six months ended June 30, 2015 was $0.3 million. There was no amortization expense during the six months ended June 30, 2014 as the acquisition was consummated on July 28, 2014.

Estimated annual amortization expense for intangible assets subsequent to June 30, 2015 is as follows (in thousands):

Year	Amortization
2015	$	507
2016	$	507
2017	$	507
2018	$	507
2019	$	475
Thereafter	$	2,189
	$	4,692

- 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