Annual report pursuant to Section 13 and 15(d)

Goodwill And Other Intangible Assets

v3.20.1
Goodwill And Other Intangible Assets
12 Months Ended
Dec. 31, 2019
Goodwill And Other Intangible Assets [Abstract]  
Goodwill And Other Intangible Assets

NOTE 5.  GOODWILL AND OTHER INTANGIBLE ASSETS



Goodwill



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 December 31, 2018

 

$

 -

 

$

18,090 

 

$

18,090 



 

 

 

 

 

 

 

 

 

Balance at December 31, 2019

 

$

 -

 

$

18,090 

 

$

18,090 



Indefinite Lived Intangible Assets 

 

The following table summarizes the changes in indefinite lived intangible assets:







 

 

 

Balance at December 31, 2018

 

$

41,694 



 

 

 

Impact of foreign currency exchange rates

 

 

(64)



 

 

 

Balance at December 31, 2019

 

$

41,630 



 

 

 

















Other Intangible Assets, net



The following table summarizes the changes in gross other intangible assets:







 

 

 

Gross balance at December 31, 2018

 

$

33,010 



 

 

 

Impact of foreign currency exchange rates

 

 

(93)



 

 

 

Gross balance at December 31, 2019

 

$

32,917 



 

 

 

Other intangible assets, net of amortization as of December 31, 2019 and 2018, were as follows: 









 

 

 

 

 

 

 

 

 

 

 

 



 

December 31, 2019



 

Gross

 

Accumulated Amortization

 

Net

 

Weighted Average Useful Life



 

 

 

 

 

 

 

 

 

 

 

 

Intangibles subject to amortization

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

25,995 

 

$

(13,392)

 

$

12,603 

 

 

15.2 years

Product technologies

 

 

4,712 

 

 

(2,416)

 

 

2,296 

 

 

11.9 years

Tradename / trademark

 

 

1,263 

 

 

(386)

 

 

877 

 

 

9.4 years

Core technologies

 

 

947 

 

 

(907)

 

 

40 

 

 

10.0 years



 

$

32,917 

 

$

(17,101)

 

$

15,816 

 

 

14.3 years



 

 

 

 

 

 

 

 

 

 

 

 



 

December 31, 2018



 

Gross

 

Accumulated Amortization

 

Net

 

Weighted Average Useful Life



 

 

 

 

 

 

 

 

 

 

 

 

Intangibles subject to amortization

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

26,047 

 

$

(10,710)

 

$

15,337 

 

 

15.2 years

Product technologies

 

 

4,753 

 

 

(1,853)

 

 

2,900 

 

 

11.9 years

Tradename / trademark

 

 

1,263 

 

 

(218)

 

 

1,045 

 

 

9.4 years

Core technologies

 

 

947 

 

 

(813)

 

 

134 

 

 

10.0 years



 

$

33,010 

 

$

(13,594)

 

$

19,416 

 

 

14.3 years



Amortization expense for the years ended December 31, 2019, 2018, and 2017, was $3,552, $3,873, and $2,376, respectively.  Future amortization expense for other intangible assets as of December 31, 2019 is as follows:  









 

 

 

Years Ending December 31,

 

Amortization Expense

2020

 

$

3,039 

2021

 

 

2,621 

2022

 

 

2,311 

2023

 

 

2,041 

2024

 

 

1,802 

Thereafter

 

 

4,002 



 

$

15,816