Quarterly report pursuant to Section 13 or 15(d)

Goodwill (Tables)

v2.4.0.8
Goodwill (Tables)
9 Months Ended
Sep. 30, 2014
Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the nine months ended September 30, 2014 is presented below. The balance at December 31, 2013 has been retroactively increased by approximately $430,000 as a result of the working capital adjustment related to Tristate and the provision for unfavorable purchase commitments related to Relume, as described in Note 2.

 

(in thousands)

   Lighting Fixtures
and Lamps
    Lighting
Signage and
Media
    Total  

January 1, 2014

   $ 21,498      $ —        $ 21,498   

Acquisition of Value Lighting

     17,837        —          17,837   

Transfer of Relume’s Media business

     (1,463     1,463        —     
  

 

 

   

 

 

   

 

 

 

Balance, September 30, 2014

   $ 37,872      $ 1,463      $ 39,335   
  

 

 

   

 

 

   

 

 

 

Accumulated Balances:

      

Goodwill

   $ 39,861      $ 1,870      $ 41,731   

Accumulated impairment losses

     (1,989     (407     (2,396
  

 

 

   

 

 

   

 

 

 

Balance, September 30, 2014

   $ 37,872      $ 1,463      $ 39,335