Quarterly report pursuant to Section 13 or 15(d)

Goodwill And Other Intangible Assets

v3.10.0.1
Goodwill And Other Intangible Assets
6 Months Ended
Jun. 30, 2018
Goodwill And Other Intangible Assets [Abstract]  
Goodwill And Other Intangible Assets



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