Quarterly report pursuant to Section 13 or 15(d)

Goodwill And Other Intangible Assets

Goodwill And Other Intangible Assets

6 Months Ended

Jun. 30, 2018

Goodwill And Other Intangible Assets [Abstract]

NOTE 5. OTHER INTANGIBLE ASSETS

Goodwill

There was an increase in goodwill during the six months ended June 30, 2018 from $17,745 to $18,090, due to the finalization of the working capital adjustment related to the Sierra purchase. The following table summarizes the changes in goodwill by segment:


	Black Diamond		Sierra		Total

Balance at December 31, 2017	$	-	$	17,745	$	17,745

Increase due to working capital adjustment		-		345		345

Balance at June 30, 2018	$	-	$	18,090	$	18,090

Indefinite Lived Intangible Assets

The Company’s indefinite lived intangible assets consist of certain tradenames and trademarks that provide Black Diamond Equipment, PIEPS and Sierra with the exclusive and perpetual rights to manufacture and sell their respective products. Tradenames and trademarks are not amortized, but reviewed annually for impairment or upon the existence of a triggering event. There was a decrease in tradenames and trademarks during the six months ended June 30, 2018 due to the impact of foreign currency exchange rates. The following table summarizes the changes in indefinite lived intangible assets:


Balance at December 31, 2017	$	41,843

Impact of foreign currency exchange rates		(92)

Balance at June 30, 2018	$	41,751

Other Intangible Assets, net

The Company’s other intangible assets, such as certain customer lists and relationships, product technologies, tradenames, trademarks and core technologies, are amortizable over their estimated useful lives. There was a decrease in gross other intangible assets subject to amortization during the six months ended June 30, 2018 due to the impact of foreign currency exchange rates. The following table summarizes the changes in gross other intangible assets:


Gross balance at December 31, 2017	$	33,062

Impact of foreign currency exchange rates		(133)

Gross balance at June 30, 2018	$	32,929

Other intangible assets, net of amortization as of June 30, 2018 and December 31, 2017, were as follows:


	June 30, 2018		December 31, 2017

Customer lists and relationships	$	26,092	$	26,166
Product technologies		4,790		4,849
Tradename / trademark		1,100		1,100
Core technologies		947		947
		32,929		33,062
Less accumulated amortization		(11,697)		(9,824)
	$	21,232	$	23,238

- 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.

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