Annual report pursuant to section 13 and 15(d)

Intangible Assets (Tables)

Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2013

At December 31, 2013, the Company had the following intangible assets subject to amortization:


(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Patents	$	268	$	(130	)	$	138
Trademarks		6,034		(615	)		5,419
Customer relationships		10,643		(1,248	)		9,395
Customer contracts		1,877		(1,613	)		264
Technology		2,020		(67	)		1,953
Favorable lease		218		(3	)		215
Non-compete agreements		480		(10	)		470
Product certification and licensing costs		61		(46	)		15

	$	21,601	$	(3,732	)	$	17,869

At December 31, 2012, the Company had the following intangible assets subject to amortization:


(in thousands)
(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Patents	$	268	$	(107	)	$	161
Trademarks		4,314		(250	)		4,064
Customer relationships		8,283		(487	)		7,796
Product certification and licensing costs		61		(29	)		32

	$	12,926	$	(873	)	$	12,053

Estimated Annual Amortization Expense

As of December 31, 2013, amortization expense on intangible assets for the next five years is estimated as follows:


(in thousands)	2014		2015		2016		2017		2018
Patents	$	23	$	23	$	23	$	23	$	23
Trademarks		441		441		441		441		441
Customer relationships		975		975		975		975		908
Customer contracts		56		56		56		56		40
Technology		202		202		202		202		202
Favorable Lease		22		22		22		22		22
Non-compete agreement		80		80		80		80		80
Product certification and licensing costs		11		4		—		—		—

Total	$	1,810	$	1,803	$	1,799	$	1,799	$	1,716

LED Replacement Lamps and Fixtures

Components of Intangible Assets

For the year ended December 31, 2012, the Company recognized the following impairment charges for intangible assets in the Company’s LED replacement lamps and fixtures division and its corporate business unit:


(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount Prior to Impairment		Impairment Recognized			Net Carrying Amount at December 31, 2012
Patents	$	1,073	$	(139	)	$	934	$	(934	)	$	—
Trademarks		29		(3	)		26		(26	)		—
Product certification and licensing costs		125		(70	)		55		(55	)		—

	$	1,227	$	(212	)	$	1,015	$	(1,015	)	$	—