Delaware
|
58-1972600
|
------------------------------
|
---------------------------
|
(State
or other jurisdiction of
|
(I.R.S.
Employer
|
incorporation
or organization)
|
Identification
Number)
|
PART I
|
FINANCIAL INFORMATION
|
Page
|
Item 1.
|
Financial
Statements
|
|
Condensed
Consolidated Balance Sheets - September 30,
2010
(unaudited),
December
31, 2009, and June
30, 2009 (Predecessor)
|
3
|
|
Condensed Consolidated Statements
of Operations (unaudited) -
Three months ended September 30,
2010 and 2009, and three
months ended September 30,
2009 (Predecessor)
|
4
|
|
Condensed Consolidated Statements
of Operations (unaudited) -
Nine months ended September 30,
2010 and 2009, five months
ended May 28, 2010 (Predecessor)
and nine months ended September 30,
2009
(Predecessor)
|
5
|
|
Condensed Consolidated Statements
of Cash Flows (unaudited) -
Nine months ended September 30,
2010 and 2009, five months
ended May 28, 2010 (Predecessor)
and nine months ended
September 30, 2009
(Predecessor)
|
6
|
|
Notes to Unaudited Condensed
Consolidated Financial Statements -
September 30,
2010
|
8
|
|
Item 2.
|
Management's Discussion and
Analysis of Financial Condition
and Results of
Operations
|
31
|
Item 3.
|
Quantitative and Qualitative
Disclosures about Market Risk
|
41
|
Item 4.
|
Procedures and
Controls
|
41
|
PART II
|
OTHER INFORMATION
|
|
Item 1.
|
Legal
Proceedings
|
42
|
Item 1A.
|
Risk
Factors
|
42
|
Item 6.
|
Exhibits
|
43
|
SIGNATURE
PAGE
|
44
|
|
EXHIBIT
INDEX
|
45
|
CLARUS
CORPORATION
|
||||||||||||
CONDENSED
CONSOLIDATED BALANCE SHEETS
|
||||||||||||
(IN
THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
|
Predecessor
|
||||||||||||
Company
(Note
1)
|
||||||||||||
September
30, 2010
|
December
31, 2009
|
June
30, 2009
|
||||||||||
(Unaudited)
|
||||||||||||
Assets
|
||||||||||||
Current
Assets
|
||||||||||||
Cash
and cash equivalents
|
$ | 1,592 | $ | 58,363 | $ | 1,271 | ||||||
Marketable
securities
|
- | 24,059 | - | |||||||||
Accounts
receivable, less allowance for doubtful
|
||||||||||||
accounts
of $353, $0, and $474, respectively
|
25,304 | - | 9,727 | |||||||||
Inventories
|
33,338 | - | 25,580 | |||||||||
Prepaid
and other current assets
|
2,649 | 673 | 646 | |||||||||
Income
tax receivable
|
1,339 | |||||||||||
Deferred
income taxes
|
- | - | 1,810 | |||||||||
Total
Current Assets
|
64,222 | 83,095 | 39,034 | |||||||||
Non-Current
Assets
|
||||||||||||
Property
and equipment, net
|
14,164 | 696 | 9,781 | |||||||||
Definite
lived intangible assets, net
|
17,772 | - | 32 | |||||||||
Indefinite
lived intangible assets
|
32,650 | - | 897 | |||||||||
Goodwill
|
34,186 | - | 1,160 | |||||||||
Deferred
income taxes
|
53,246 | - | - | |||||||||
Other
long-term assets
|
702 | - | - | |||||||||
Total
Non-Current Assets
|
152,720 | 696 | 11,870 | |||||||||
TOTAL
ASSETS
|
$ | 216,942 | $ | 83,791 | $ | 50,904 | ||||||
Liabilities
and Stockholders' Equity
|
||||||||||||
Current
Liabilities
|
||||||||||||
Accounts
payable and accrued liabilities
|
$ | 17,363 | $ | 1,713 | $ | 9,884 | ||||||
Deferred
income taxes
|
1,174 | - | - | |||||||||
Current
portion of debt
|
185 | - | 2,992 | |||||||||
Total
Current Liabilities
|
18,722 | 1,713 | 12,876 | |||||||||
Non-Current
Liabilities
|
||||||||||||
Long-term
debt
|
32,741 | - | 13,398 | |||||||||
Other
long-term liabilities
|
1,341 | - | 797 | |||||||||
Deferred
income taxes
|
1,794 | - | 601 | |||||||||
Deferred
rent
|
- | 446 | - | |||||||||
TOTAL
LIABILITIES
|
54,598 | 2,159 | 27,672 | |||||||||
Stockholders'
Equity
|
||||||||||||
Preferred
stock, $.0001 par value; 5,000,000
|
||||||||||||
shares
authorized; none issued
|
- | - | - | |||||||||
Common
stock, $.0001 par value; 100,000,000
|
||||||||||||
shares
authorized; 21,813,484 shares issued
|
||||||||||||
and
21,738,484 outstanding in 2010
|
2 | 2 | - | |||||||||
Common
stock, $0.01 par value; 200,000
|
||||||||||||
shares
issued at June 30, 2009 (including 11,128
|
||||||||||||
shares
held in treasury at June 30, 2009)
|
- | - | 1 | |||||||||
Additional
paid in capital
|
398,790 | 370,994 | 2,722 | |||||||||
(Accumulated
deficit) retained earnings
|
(237,723 | ) | (289,368 | ) | 22,499 | |||||||
Treasury
stock, at cost
|
(3 | ) | (2 | ) | (2,678 | ) | ||||||
Accumulated
other comprehensive income
|
1,278 | 6 | 688 | |||||||||
TOTAL
STOCKHOLDERS' EQUITY
|
162,344 | 81,632 | 23,232 | |||||||||
TOTAL
LIABILITIES AND EQUITY
|
$ | 216,942 | $ | 83,791 | $ | 50,904 | ||||||
SEE
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS.
|
CLARUS
CORPORATION
|
||||||||||||
CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS
|
||||||||||||
(UNAUDITED)
|
||||||||||||
(IN
THOUSANDS, EXCEPT PER SHARE AMOUNTS)
|
THREE
MONTHS ENDED
|
PREDECESSOR
COMPANY (NOTE 1)
|
|||||||||||
THREE
MONTHS
|
||||||||||||
ENDED
|
||||||||||||
September
30, 2010
|
September
30, 2009
|
September
30, 2009
|
||||||||||
Sales
|
||||||||||||
Domestic
sales
|
$ | 14,056 | $ | - | $ | 10,956 | ||||||
International
sales
|
19,890 | - | 14,599 | |||||||||
Total
sales
|
33,946 | - | 25,555 | |||||||||
Cost
of goods sold
|
24,411 | - | 15,597 | |||||||||
Gross
profit
|
9,535 | - | 9,958 | |||||||||
Operating
expenses
|
||||||||||||
Selling,
general and administrative
|
10,764 | 874 | 6,539 | |||||||||
Restructuring
charge
|
772 | - | - | |||||||||
Merger
and integration
|
88 | - | - | |||||||||
Transaction
costs
|
313 | 32 | - | |||||||||
Total
operating expenses
|
11,937 | 906 | 6,539 | |||||||||
Operating
loss
|
(2,402 | ) | (906 | ) | 3,419 | |||||||
Other
(expense) income
|
||||||||||||
Interest
expense
|
(644 | ) | - | (187 | ) | |||||||
Interest
income
|
6 | 56 | - | |||||||||
Other,
net
|
(1,586 | ) | - | 144 | ||||||||
Total
other (expense) income, net
|
(2,224 | ) | 56 | (43 | ) | |||||||
(Loss)
income before income tax
|
(4,626 | ) | (850 | ) | 3,376 | |||||||
(Benefit)
income tax provision
|
(1,332 | ) | - | 615 | ||||||||
Net
(loss) income
|
$ | (3,294 | ) | $ | (850 | ) | $ | 2,761 |
(Loss)
earnings per share attributable
|
||||||||||||
to
stockholders:
|
||||||||||||
Basic
(loss) earnings per share
|
$ | (0.15 | ) | $ | (0.05 | ) | ||||||
Diluted
(loss) earnings per share
|
$ | (0.15 | ) | $ | (0.05 | ) | ||||||
Weighted
average common shares
|
||||||||||||
outstanding
for earnings per share:
|
||||||||||||
Basic
|
21,731 | 16,867 | ||||||||||
Diluted
|
21,731 | 16,867 | ||||||||||
SEE
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS.
|
CLARUS
CORPORATION
|
||||||||||||||||
CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS
|
||||||||||||||||
(UNAUDITED)
|
||||||||||||||||
(IN
THOUSANDS, EXCEPT PER SHARE AMOUNTS)
|
NINE
MONTHS ENDED
|
PREDECESSOR
COMPANY (NOTE 1)
|
|||||||||||||||
FIVE
MONTHS
|
NINE
MONTHS
|
|||||||||||||||
ENDED
|
ENDED
|
|||||||||||||||
September
30, 2010
|
September
30, 2009
|
May
28, 2010
|
September
30, 2009
|
|||||||||||||
Sales
|
||||||||||||||||
Domestic
sales
|
$ | 18,092 | $ | - | $ | 15,751 | $ | 27,294 | ||||||||
International
sales
|
23,598 | - | 19,192 | 34,268 | ||||||||||||
Total
sales
|
41,690 | - | 34,943 | 61,562 | ||||||||||||
Cost
of goods sold
|
30,347 | - | 21,165 | 38,728 | ||||||||||||
Gross
profit
|
11,343 | - | 13,778 | 22,834 | ||||||||||||
Operating
expenses
|
||||||||||||||||
Selling,
general and administrative
|
18,963 | 3,004 | 12,138 | 18,989 | ||||||||||||
Restructuring
charge
|
2,149 | - | - | - | ||||||||||||
Merger
and integration
|
868 | - | - | - | ||||||||||||
Transaction
costs
|
5,075 | 32 | - | - | ||||||||||||
Total
operating expenses
|
27,055 | 3,036 | 12,138 | 18,989 | ||||||||||||
Operating
(loss) income
|
(15,712 | ) | (3,036 | ) | 1,640 | 3,845 | ||||||||||
Other
(expense) income
|
||||||||||||||||
Interest
expense
|
(980 | ) | - | (165 | ) | (813 | ) | |||||||||
Interest
income
|
45 | 664 | 3 | - | ||||||||||||
Other,
net
|
(1,474 | ) | - | 1,803 | 369 | |||||||||||
Total
other (expense) income, net
|
(2,409 | ) | 664 | 1,641 | (444 | ) | ||||||||||
(Loss)
income before income tax
|
(18,121 | ) | (2,372 | ) | 3,281 | 3,401 | ||||||||||
(Benefit)
income tax provision
|
(69,765 | ) | - | 966 | 624 | |||||||||||
Net
income (loss)
|
$ | 51,644 | $ | (2,372 | ) | $ | 2,315 | $ | 2,777 |
(Loss)
earnings per share attributable
|
||||||||||||||||
to
stockholders:
|
||||||||||||||||
Basic
(loss) earnings per share
|
$ | 2.71 | $ | (0.14 | ) | |||||||||||
Diluted
(loss) earnings per share
|
$ | 2.67 | $ | (0.14 | ) | |||||||||||
Weighted
average common shares
|
||||||||||||||||
outstanding
for earnings per share:
|
||||||||||||||||
Basic
|
19,092 | 16,867 | ||||||||||||||
Diluted
|
19,339 | 16,867 | ||||||||||||||
SEE
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS.
|
CLARUS
CORPORATION
|
||||||||||||||||
CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS
|
||||||||||||||||
(UNAUDITED)
|
||||||||||||||||
(IN
THOUSANDS)
|
NINE
MONTHS ENDED
|
PREDECESSOR
COMPANY (NOTE 1)
|
|||||||||||||||
FIVE
MONTHS
|
NINE
MONTHS
|
|||||||||||||||
ENDED
|
ENDED
|
|||||||||||||||
September
30, 2010
|
September
30, 2009
|
May
28, 2010
|
September
30, 2009
|
|||||||||||||
CASH
FLOWS FROM OPERATING ACTIVITIES:
|
||||||||||||||||
Net
income (loss)
|
$ | 51,644 | $ | (2,372 | ) | $ | 2,315 | $ | 2,777 | |||||||
Adjustments
to reconcile net income (loss) to net cash (used in) provided by
operating activities:
|
||||||||||||||||
Depreciation
on property and equipment
|
1,170 | 260 | 865 | 1,684 | ||||||||||||
Amortization
of intangible assets
|
444 | - | 2 | - | ||||||||||||
Accretion
of notes payable
|
336 | - | 17 | 10 | ||||||||||||
Loss
on disposition of assets
|
597 | - | 1 | 2 | ||||||||||||
Amortization
of equity and stock based compensation plans
|
4,423 | 371 | 375 | 44 | ||||||||||||
Amortization
of discount on securities, net
|
- | (452 | ) | - | - | |||||||||||
Tax
benefit related to stock issued as deferred compensation
|
- | - | - | 53 | ||||||||||||
Treasury
stock issued as director compensation
|
- | - | - | 13 | ||||||||||||
Deferred
income taxes
|
(70,354 | ) | - | (166 | ) | 85 | ||||||||||
Changes
in operating assets and liablities, net of acquisitions:
|
||||||||||||||||
(Increase)/decrease
in accounts receivable
|
(9,504 | ) | - | 4,063 | (6,111 | ) | ||||||||||
Increase
in inventory
|
(1,498 | ) | - | (343 | ) | (1,575 | ) | |||||||||
(Increase)/decrease
in interest receivable, prepaid and other current assets
|
71 | (53 | ) | (1,387 | ) | 1,347 | ||||||||||
Increase/(decrease)
in accounts payable and accrued liabilities
|
2,488 | (64 | ) | 1,670 | (73 | ) | ||||||||||
(Decrease)/increase
in deferred rent
|
(446 | ) | 24 | - | - | |||||||||||
NET
CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES
|
(20,629 | ) | (2,286 | ) | 7,412 | (1,744 | ) | |||||||||
CASH
FLOWS FROM INVESTING ACTIVITIES:
|
||||||||||||||||
Purchase
of marketable securities
|
(22,065 | ) | (30,892 | ) | - | - | ||||||||||
Proceeds
from maturity and sales of marketable securities
|
46,124 | 72,698 | - | - | ||||||||||||
Purchase
of businesses, net of cash received
|
(82,560 | ) | - | - | - | |||||||||||
Purchase
of intangible assets
|
- | - | (10 | ) | - | |||||||||||
Proceeds
from disposition of property and equipment
|
- | - | 10 | 12 | ||||||||||||
Purchase
of property and equipment
|
(761 | ) | (6 | ) | (788 | ) | (2,597 | ) | ||||||||
NET
CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES
|
(59,262 | ) | 41,800 | (788 | ) | (2,585 | ) | |||||||||
CLARUS
CORPORATION
|
||||||||||||||||
CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS
|
||||||||||||||||
(UNAUDITED)
|
||||||||||||||||
(IN
THOUSANDS)
|
CASH
FLOWS FROM FINANCING ACTIVITIES:
|
||||||||||||||||
Repayment
of long-term debt, revolving lines of credit and capital
leases
|
(5,064 | ) | - | (6,261 | ) | (128 | ) | |||||||||
Proceeds
from long-term debt, revolving lines of credit and capital
leases
|
24,162 | - | - | 3,977 | ||||||||||||
Purchase
of treasury stock
|
- | - | - | (1,374 | ) | |||||||||||
Proceeds
from sales of treasury stock and exercise of stock options
|
1,005 | - | - | 2,162 | ||||||||||||
Proceeds
from the sale of stock
|
2,903 | - | - | - | ||||||||||||
Dividends
paid
|
- | - | - | (225 | ) | |||||||||||
NET
CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
|
23,006 | - | (6,261 | ) | 4,412 | |||||||||||
Effect
of foreign exchange rates on cash
|
114 | - | (60 | ) | (58 | ) | ||||||||||
CHANGE
IN CASH AND CASH EQUIVALENTS
|
(56,771 | ) | 39,514 | 303 | 25 | |||||||||||
CASH
AND CASH EQUIVALENTS, beginning of period
|
58,363 | 19,342 | 1,317 | 2,126 | ||||||||||||
CASH
AND CASH EQUIVALENTS, end of period
|
$ | 1,592 | $ | 58,856 | $ | 1,620 | $ | 2,151 | ||||||||
SUPPLEMENTAL
DISCLOSURE:
|
||||||||||||||||
Cash
paid for income taxes
|
$ | 1,573 | $ | - | $ | 596 | $ | 936 | ||||||||
Cash
paid for interest
|
$ | 554 | $ | - | $ | 183 | $ | 784 | ||||||||
Note
payable to acquire intangible asset
|
$ | - | $ | - | $ | - | $ | 897 | ||||||||
Stock
issued for acquisition
|
$ | 19,465 | $ | - | $ | - | $ | - | ||||||||
Notes
and deferred compensation issued in acquisition
|
$ | 13,436 | $ | - | $ | - | $ | - | ||||||||
SEE
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS.
|
CLARUS
CORPORATION
|
||||||||||||||||
NOTES
TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS
|
||||||||||||||||
(UNAUDITED)
|
||||||||||||||||
(in
thousands, except share and per share amounts)
|
CLARUS
CORPORATION
|
||||||||||||||||
NOTES
TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS -
CONTINUED
|
||||||||||||||||
(UNAUDITED)
|
||||||||||||||||
(in
thousands, except share and per share amounts)
|
|
·
|
Create
a unique platform to build a large, global and diversified outdoor
equipment and lifestyle company, which seeks to be strengthened from both
organic and acquisition growth;
|
|
·
|
Access
to ample liquidity to fuel brand penetration and
expansion;
|
|
·
|
Utilization
of a significant portion of its deferred tax
asset;
|
|
·
|
Preservation
of an organization and culture with a strong foundation with greater
resources and opportunities;
|
|
·
|
Ability
to better utilize existing supply chain and distribution
channels;
|
|
·
|
Greater
combined global revenue balance;
and
|
|
·
|
Improved
efficiencies by combining certain operational
functions.
|
CLARUS
CORPORATION
|
||||||||||||||||
NOTES
TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS -
CONTINUED
|
||||||||||||||||
(UNAUDITED)
|
||||||||||||||||
(in
thousands, except share and per share amounts)
|
BDE
|
GMP
|
|||||||||||||||
Estimated
Fair Value
|
Number
of Shares
|
Estimated
Fair Value
|
Estimated Fair
Value
|
|||||||||||||
Cash
paid to BDE and GMP
|
$ | 85,675 | - | $ | 185 | $ | 85,860 | |||||||||
Issuance
to GMP of shares of Clarus
|
- | 3,676 | 19,373 | 19,373 | ||||||||||||
Issuance
to GMP of 5% subordinated notes
|
- | - | 13,120 | 13,120 | ||||||||||||
Issuance
of additional shares of Clarus
|
- | 31 | 92 | 92 | ||||||||||||
Payment
of deferred compensation (5% notes)
|
- | - | 316 | 316 | ||||||||||||
Total
estimated purchase consideration
|
$ | 85,675 | 3,707 | $ | 33,086 | $ | 118,761 | |||||||||
Assets
Acquired and Liabilities Assumed
|
||||||||||||||||
Assets
|
||||||||||||||||
Cash
and cash equivalents
|
$ | 1,854 | $ | 1,446 | $ | 3,300 | ||||||||||
Accounts
receivable, net
|
12,393 | 3,053 | 15,445 | |||||||||||||
Inventories
|
26,079 | 4,390 | 30,469 | |||||||||||||
Prepaid
and other current assets
|
2,161 | 148 | 2,309 | |||||||||||||
Property
and equipment
|
13,687 | 693 | 14,380 | |||||||||||||
Amortizable
definite lived intangible assets
|
12,733 | 5,483 | 18,216 | |||||||||||||
Identifiable
indefinite lived intangible assets
|
19,600 | 13,050 | 32,650 | |||||||||||||
Goodwill
|
21,583 | 12,603 | 34,186 | |||||||||||||
Deferred
income taxes
|
920 | 65 | 985 | |||||||||||||
Other
long-term assets
|
345 | 133 | 478 | |||||||||||||
Total
Assets
|
111,355 | 41,064 | 152,419 | |||||||||||||
Liabilities
|
||||||||||||||||
Accounts
payable and accrued liabilities
|
8,077 | 3,058 | 11,135 | |||||||||||||
Current
portion of debt
|
200 | - | 200 | |||||||||||||
Long-term
debt
|
245 | - | 245 | |||||||||||||
Other
long-term liabilities
|
1,030 | - | 1,030 | |||||||||||||
Deferred
income taxes
|
16,128 | 4,920 | 21,048 | |||||||||||||
Total
Liabilities
|
25,680 | 7,978 | 33,658 | |||||||||||||
Net
book value acquired
|
$ | 85,675 | $ | 33,086 | $ | 118,761 |
CLARUS
CORPORATION
|
||||||||||||||||
NOTES
TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS -
CONTINUED
|
||||||||||||||||
(UNAUDITED)
|
||||||||||||||||
(in
thousands, except share and per share amounts)
|
PRO
FORMA
|
||||||||||||
THREE
MONTHS ENDED
|
NINE
MONTHS ENDED
|
|||||||||||
September
30, 2009
|
September
30, 2010
|
September
30, 2009
|
||||||||||
Sales
|
$ | 30,942 | $ | 90,794 | $ | 83,385 | ||||||
Net
(loss)/income
|
$ | 1,594 | $ | 54,532 | $ | 1,627 | ||||||
Net
(loss)/income per share - basic
|
$ | 0.09 | $ | 2.86 | $ | 0.10 | ||||||
Net
(loss)/income per share - diluted
|
$ | 0.09 | $ | 2.82 | $ | 0.10 |
Predecessor
|
||||||||||||
Company
|
||||||||||||
September
30, 2010
|
December
31, 2009
|
June
30, 2009
|
||||||||||
Finished
goods
|
$ | 27,695 | $ | - | $ | 20,404 | ||||||
Work-in-process
|
829 | - | 465 | |||||||||
Raw
materials and supplies
|
4,814 | - | 4,711 | |||||||||
Total
Inventory
|
$ | 33,338 | $ | - | $ | 25,580 |
Predecessor
|
||||||||||||
Company
|
||||||||||||
September
30, 2010
|
December
31, 2009
|
June
30, 2009
|
||||||||||
Land
|
$ | 2,850 | $ | - | $ | 336 | ||||||
Building and
improvements
|
2,687 | 1,894 | 4,279 | |||||||||
Furniture and
fixtures
|
1,581 | 453 | 2,177 | |||||||||
Computer hardware and
software
|
1,964 | 120 | 3,620 | |||||||||
Machinery and
equipment
|
5,520 | 144 | 8,662 | |||||||||
Construction in
progress
|
784 | - | 725 | |||||||||
Total
Property & Equipment
|
$ | 15,386 | $ | 2,611 | $ | 19,799 | ||||||
Less
accumulated depreciation
|
(1,222 | ) | (1,915 | ) | (10,018 | ) | ||||||
Property
and equipment, net
|
$ | 14,164 | $ | 696 | $ | 9,781 |
September
30, 2010
|
||||||||||||||||
Accumulated
|
Weighted
Average
|
|||||||||||||||
Gross
|
Amortization
|
Net
|
Useful
Life
|
|||||||||||||
Intangibles
subject to amortization
|
||||||||||||||||
Customer
relationships
|
$ | 16,376 | $ | (365 | ) | $ | 16,011 | 15.1 |
years
|
|||||||
Core
technologies
|
1,505 | (55 | ) | 1,450 | 9.3 |
years
|
||||||||||
Product
technologies
|
335 | (24 | ) | 311 | 4.6 |
years
|
||||||||||
Intangibles
not subject to amortization
|
||||||||||||||||
Tradenames
and trademarks
|
32,650 | - |