| Goodwill And Other Intangible Assets |
NOTE 5. GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill
The following table summarizes the changes in goodwill by segment:
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Black Diamond
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Sierra
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Total
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Balance at December 31, 2017
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$
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-
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$
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17,745
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$
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17,745
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Increase due to working capital adjustment
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-
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345
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345
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Balance at December 31, 2018
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$
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-
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$
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18,090
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$
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18,090
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Balance at December 31, 2019
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$
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-
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$
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18,090
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$
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18,090
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Indefinite Lived Intangible Assets
The following table summarizes the changes in indefinite lived intangible assets:
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Balance at December 31, 2018
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$
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41,694
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Impact of foreign currency exchange rates
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(64)
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Balance at December 31, 2019
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$
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41,630
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Other Intangible Assets, net
The following table summarizes the changes in gross other intangible assets:
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Gross balance at December 31, 2018
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$
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33,010
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Impact of foreign currency exchange rates
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(93)
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Gross balance at December 31, 2019
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$
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32,917
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Other intangible assets, net of amortization as of December 31, 2019 and 2018, were as follows:
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December 31, 2019
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Gross
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Accumulated Amortization
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Net
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Weighted Average Useful Life
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Intangibles subject to amortization
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Customer relationships
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$
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25,995
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$
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(13,392)
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$
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12,603
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15.2 years
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Product technologies
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4,712
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(2,416)
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2,296
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11.9 years
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Tradename / trademark
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1,263
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(386)
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877
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9.4 years
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Core technologies
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947
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(907)
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40
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10.0 years
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$
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32,917
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$
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(17,101)
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$
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15,816
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14.3 years
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December 31, 2018
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Gross
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Accumulated Amortization
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Net
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Weighted Average Useful Life
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Intangibles subject to amortization
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Customer relationships
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$
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26,047
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$
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(10,710)
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$
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15,337
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15.2 years
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Product technologies
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4,753
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(1,853)
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2,900
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11.9 years
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Tradename / trademark
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1,263
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(218)
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1,045
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9.4 years
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Core technologies
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947
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(813)
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134
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10.0 years
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$
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33,010
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$
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(13,594)
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$
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19,416
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14.3 years
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Amortization expense for the years ended December 31, 2019, 2018, and 2017, was $3,552, $3,873, and $2,376, respectively. Future amortization expense for other intangible assets as of December 31, 2019 is as follows:
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Years Ending December 31,
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Amortization Expense
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2020
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$
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3,039
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2021
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2,621
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2022
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2,311
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2023
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2,041
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2024
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1,802
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Thereafter
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4,002
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$
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15,816
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