Annual report pursuant to section 13 and 15(d)

Goodwill (Tables)

v2.4.0.8
Goodwill (Tables)
12 Months Ended
Dec. 31, 2013
Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the years ended December 31, 2013 and 2012 are presented below. As more fully described in Note 2, the goodwill balance at December 31, 2012 has been retroactively adjusted in accordance with the relevant accounting standard for business combinations.

 

(in thousands)

   LED Replacement
Lamps and
Fixtures
    LED Signage
and Lighting
Strips
    Total  

Balance, January 1, 2012

   $ 1,989      $ —        $ 1,989   

Seesmart acquisition

     10,166        —          10,166   

Impairment loss

     (1,989     —          (1,989
  

 

 

   

 

 

   

 

 

 

Balance, December 31, 2012

     10,166        —          10,166   

Acquisition

     10,903        —          10,903   
  

 

 

   

 

 

   

 

 

 

Balance, December 31, 2013

   $ 21,069      $ —        $ 21,069   
  

 

 

   

 

 

   

 

 

 

Accumulated Balances:

      

Goodwill

   $ 23,058      $ 407      $ 23,465   

Accumulated impairment losses

     (1,989     (407     (2,396
  

 

 

   

 

 

   

 

 

 

Balance, December 31, 2013

   $ 21,069      $ —        $ 21,069