ACQUISITION

12 Months Ended

Dec. 31, 2014

ACQUISITION [Abstract]

ACQUISITION

2.ACQUISITION

On June 12, 2014, the Company acquired SCC Services B.V. (renamed "Misco Solutions B.V." in 2015), a supplier of business-to-business IT products and services with operations in the Netherlands.  The purchase price (after giving effect to the conversion of Euros to U.S. dollars) was approximately $7.3 million in cash (5.4 million Euro), $0.6 million (0.4 million Euro) of which was placed into an escrow account for one year to secure the sellers' indemnification obligations under the purchase agreement. The Company completed a preliminary allocation of the purchase price as of the acquisition date and recorded assets of approximately $1.5 million for Goodwill, $1.0 million for Client Lists and $0.2 million for Trademarks.  These assets were recorded in the Company's Technology Products business segment.  The Company expects to amortize 62% of its Client Lists over a 10 year period and 38% of its Client Lists over a 4 year period. All other assets have indefinite lives.  A final purchase price allocation will be completed in 2015.  The operating results of SCC Services are included in the accompanying consolidated statements of operations from the date of acquisition. SCC Services is included in the European operations of the Company's Technology Products reportable segment.  The Company has determined that this was not a material acquisition. The gross carrying amount and accumulated amortization for amortizable assets related to this acquisition at December 31, 2014 was as follows (in millions):

	December 31,
	2014
	Gross Carrying Amount		Accumulated Amortization
Client lists	$	1.0	$	0.1
Total	$	1.0		0.1