Quarterly report pursuant to Section 13 or 15(d)

Goodwill And Other Intangible Assets

v2.4.1.9
Goodwill And Other Intangible Assets
3 Months Ended
Mar. 31, 2015
Goodwill And Other Intangible Assets [Abstract]  
Goodwill And Other Intangible Assets

 

NOTE 5.  GOODWILL AND OTHER INTANGIBLE ASSETS

 

Goodwill

 

There was a decrease in goodwill during the three months ended March  31, 2015, from $41,983 to $40,419, due to the impact of foreign currency exchange rates.  The following table summarizes the changes in goodwill:

 

 

 

 

 

 

Balance at December 31, 2014

 

$

41,983 

 

 

 

 

Impact of foreign currency exchange rates

 

 

(1,564)

 

 

 

 

Balance at March 31, 2015

 

$

40,419 

 

Indefinite Lived Intangible Assets

 

The Company owns certain tradenames and trademarks which provide Black Diamond Equipment, Ltd. (“Black Diamond Equipment” or “BDEL”), POC Sweden AB and its subsidiaries (collectively, “POC”) and PIEPS Holding GmbH and its subsidiaries (collectively, “PIEPS”) with the exclusive and perpetual rights to manufacture and sell their respective products.  There was a decrease in tradenames and trademarks during the three months ended March  31, 2015, due to the impact of foreign currency exchange rates.  The following table summarizes the changes in indefinite lived intangible assets:

 

 

 

 

 

Balance at December 31, 2014

 

$

35,600 

 

 

 

 

Impact of foreign currency exchange rates

 

 

(1,528)

 

 

 

 

Balance at March 31, 2015

 

$

34,072 

 

 

 

 

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 a decrease in gross other intangible assets subject to amortization during the three months ended March 31, 2015 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, 2014

 

$

33,437 

 

 

 

 

Impact of foreign currency exchange rates

 

 

(1,985)

 

 

 

 

Gross balance at March 31, 2015

 

$

31,452 

 

 

 

 

Other intangible assets, net of amortization as of March  31, 2015 and December 31, 2014, were as follows:

 

 

 

 

 

 

 

 

 

 

 

March 31, 2015

 

December 31, 2014

 

 

 

 

 

 

 

Customer lists and relationships

 

$

21,991 

 

$

23,096 

Product technologies

 

 

6,822 

 

 

7,530 

Trade name

 

 

1,692 

 

 

1,864 

Core technologies

 

 

947 

 

 

947 

 

 

 

31,452 

 

 

33,437 

Less accumulated amortization

 

 

(8,725)

 

 

(8,525)

 

 

$

22,727 

 

$

24,912