Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

v3.7.0.1
Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
Estimated Useful Lives of Property and Equipment

Property and equipment, net is stated at cost (or fair value, if acquired as part of a business combination) less accumulated depreciation, and is depreciated over its estimated useful life using the straight-line method as follows:

 

Machinery and equipment    3-7 years
Furniture and fixtures    5-7 years
Computers and software    3-7 years
Motor vehicles    5 years
Leasehold improvement    Lesser of lease term or estimated useful life
Estimated Useful Life of Intangible Assets

Intangible assets, net is stated at cost or fair value, if acquired as part of a business combination, less accumulated amortization, and is amortized over its estimated useful life using the straight-line method as follows:

 

Patents and trade names    12-17 years
Customer relationships    10-15 years
Customer contracts and backlogs    1-3 years
Technology    10 years
Favorable leases    10 years
Non-compete agreements    6 years
Product certification and licensing costs    3 years