Quarterly report pursuant to Section 13 or 15(d)

Goodwill And Other Intangible Assets

v3.8.0.1
Goodwill And Other Intangible Assets
3 Months Ended
Mar. 31, 2018
Goodwill And Other Intangible Assets [Abstract]  
Goodwill And Other Intangible Assets



NOTE 5.  OTHER INTANGIBLE ASSETS



Goodwill



There was no change in goodwill during the three months ended March 31, 2018.  The following table summarizes goodwill by segment:







 

 

 

 

 

 

 

 

 



 

Black Diamond

 

Sierra

 

Total



 

 

 

 

 

 

 

 

 

Balance at December 31, 2017

 

$

 -

 

$

17,745 

 

$

17,745 



 

 

 

 

 

 

 

 

 

Balance at March 31, 2018

 

$

 -

 

$

17,745 

 

$

17,745 



Indefinite Lived Intangible Assets



The Company owns certain tradenames and trademarks which 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 an increase in tradenames and trademarks during the three months ended March 31, 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

 

 

95 



 

 

 

Balance at March 31, 2018

 

$

41,938 



 

 

 

Other Intangible Assets, net



Intangible assets 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, 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

 

 

137 



 

 

 

Gross balance at March 31, 2018

 

$

33,199 



 

 

 

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







 

 

 

 

 

 



 

March 31, 2018

 

December 31, 2017



 

 

 

 

 

 

Customer lists and relationships

 

$

26,243 

 

$

26,166 

Product technologies

 

 

4,909 

 

 

4,849 

Trade name / trademark

 

 

1,100 

 

 

1,100 

Core technologies

 

 

947 

 

 

947 



 

 

33,199 

 

 

33,062 

Less accumulated amortization

 

 

(10,853)

 

 

(9,824)



 

$

22,346 

 

$

23,238