Quarterly report pursuant to Section 13 or 15(d)

Goodwill And Other Intangible Assets

v3.4.0.3
Goodwill And Other Intangible Assets
3 Months Ended
Mar. 31, 2016
Goodwill And Other Intangible Assets [Abstract]  
Goodwill And Other Intangible Assets



NOTE 5.  OTHER INTANGIBLE ASSETS



Indefinite Lived Intangible Assets



The Company owns certain tradenames and trademarks which provide Black Diamond Equipment, Ltd. (“Black Diamond Equipment” or “BDEL”) and PIEPS Holding GmbH and its subsidiaries (collectively, “PIEPS”) with the exclusive and perpetual rights to manufacture and sell their respective products.  There was an increase in tradenames and trademarks during the three months ended March 31, 2016, due to the impact of foreign currency exchange rates.  The following table summarizes the changes in indefinite lived intangible assets:









 

 

 

Balance at December 31, 2015

 

$

22,644 



 

 

 

Impact of foreign currency exchange rates

 

 

126 



 

 

 

Balance at March 31, 2016

 

$

22,770 



 

 

 

Other Intangible Assets, net



Intangible assets such as certain customer relationships, core technologies and product technologies are amortizable over their estimated useful lives.  There was an increase in gross other intangible assets subject to amortization during the three months ended March 31, 2016 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, 2015

 

$

17,130 



 

 

 

Impact of foreign currency exchange rates

 

 

181 



 

 

 

Gross balance at March 31, 2016

 

$

17,311 



 

 

 

Other intangible assets, net of amortization as of March 31, 2016 and December 31, 2015, were as follows:







 

 

 

 

 

 



 

March 31, 2016

 

December 31, 2015



 

 

 

 

 

 

Customer lists and relationships

 

$

14,126 

 

$

14,026 

Product technologies

 

 

2,238 

 

 

2,157 

Core technologies

 

 

947 

 

 

947 



 

 

17,311 

 

 

17,130 

Less accumulated amortization

 

 

(6,525)

 

 

(6,196)



 

$

10,786 

 

$

10,934