CompUSA 2014 Annual Report Download - page 59

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3.
GOODWILL AND INTANGIBLES
Goodwill :
The following table provides information related to the carrying value of goodwill (in millions):
Indefinite-lived intangible assets:
The following table summarizes information related to indefinite-lived intangible assets (in millions):
During 2013, the Company wrote off the remaining carrying value of the indefinite-
lived intangible assets of CompUSA of approximately
$2.9 million. These write offs and impairment charges were recorded in the Consolidated Statements of Operations as special charges within
the Technology Products segment.
Definite-lived intangible assets:
The following table summarizes information related to definite-lived intangible assets (in millions):
During 2014, the Company incurred impairment charges related to the remaining retail store leases of approximately $0.5 million and
recorded intangible assets of $1.0 million related to the SCC acquisition (see Note 2). In 2013 the Company incurred accelerated
amortization of approximately $0.9 million related to the termination of one of the retail store leases.
The aggregate amortization expense for these intangibles was approximately $1.4 million in 2014. The estimated amortization for future
years ending December 31 is as follows (in millions):
4. PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment, net consist of the following (in millions):
Table of Contents
December
31,
December
31,
2014
2013
Balance January 1
$
2.4
$
2.4
Adjustments to purchase price allocation
1.2
-
Deferred tax adjustment
0.3
-
Balance December 31
$
3.9
$
2.4
December
31, December
31,
2014 2013
Balance January 1
$
2.3
$
5.4
Adjustments to purchase price allocation
0.2
-
Intangible write offs
-
(2.9
)
Sale proceeds
-
(0.2
)
Balance December 31
$
2.5
$
2.3
December 31,
December 31,
2014
2013
Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Retail store leases
$
3.4
3.4
$
3.4
$
2.5
Client lists
3.6
2.6
2.6
2.2
Technology
1.0
1.0
1.0
0.9
Total
$
8.0
7.0
$
7.0
$
5.6
2015
$
0.2
2016
0.2
2017
0.2
2018 and after
0.4
Total
1.0
December 31,
2014
2013