Schedule of Changes in Intangible Assets and Goodwill |
The
changes in intangible assets and goodwill from December 31, 2014 to December 31, 2016, were as follows:
| |
Amortization life | |
Balance at | |
| |
| |
Currency | |
Balance at |
(in thousands, except for years) | |
in years | |
December 31, 2015 | |
Acquisition | |
Amortization | |
Translation | |
December 31, 2016 |
Amortized intangible assets: | |
| | |
| | |
| | |
| | |
| | |
| |
AEC trade names | |
15 | | |
$25 | | |
$- | | |
($5 | ) | |
$- | | |
$20 | |
AEC technology | |
15 | | |
129 | | |
- | | |
(25 | ) | |
- | | |
104 | |
AEC customer contracts | |
6 | | |
- | | |
20,420 | | |
(2,561 | ) | |
- | | |
17,859 | |
AEC customer relationships | |
15 | | |
- | | |
49,490 | | |
(2,481 | ) | |
- | | |
47,009 | |
AEC other intangibles | |
5 | | |
- | | |
1,720 | | |
(258 | ) | |
- | | |
1,462 | |
Total amortized intangible assets | |
| | |
$154 | | |
$71,630 | | |
($5,330 | ) | |
$- | | |
$66,454 | |
| |
| | |
| | |
| | |
| | |
| | |
| |
Unamortized intangible assets: | |
| | |
| | |
| | |
| | |
| | |
| |
MC Goodwill | |
| | |
$66,373 | | |
$- | | |
$- | | |
($1,728 | ) | |
$64,645 | |
AEC Goodwill | |
| | |
- | | |
95,730 | | |
- | | |
- | | |
95,730 | |
Total amortized intangible assets | |
| | |
$66,373 | | |
$95,730 | | |
$- | | |
($1,728 | ) | |
$160,375 | |
| |
Balance at | |
| |
Currency | |
Balance at |
(in thousands) | |
December 31, 2014 | |
Amortization | |
Translation | |
December 31, 2015 |
Amortized intangible assets: | |
| | |
| | |
| | |
| |
AEC trade names | |
$29 | | |
($4 | ) | |
$- | | |
$25 | |
AEC customer contracts | |
202 | | |
(202 | ) | |
- | | |
- | |
AEC technology | |
154 | | |
(25 | ) | |
- | | |
129 | |
Total amortized intangible assets | |
$385 | | |
($231 | ) | |
$- | | |
$154 | |
| |
| | |
| | |
| | |
| |
Unamortized intangible assets: | |
| | |
| | |
| | |
| |
Goodwill | |
$71,680 | | |
$- | | |
($5,307 | ) | |
$66,373 | |
|
Schedule of Estimated Amortization Expense |
Estimated
amortization expense of intangibles for the years ending December 31, 2017 through 2021, is as follows:
|
|
Annual
amortization |
Year |
|
(in
thousands) |
2017 |
|
$7,076 |
2018 |
|
7,076 |
2019 |
|
7,076 |
2020 |
|
7,076 |
2021 |
|
6,796 |
|