INTERTAPE POLYMER GROUP INC | CIK:0000880224 | 3

  • Filed: 3/29/2018
  • Entity registrant name: INTERTAPE POLYMER GROUP INC (CIK: 0000880224)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/880224/000088022418000016/0000880224-18-000016-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/880224/000088022418000016/itp-20171231.xml
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  • ifrs-full:DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory

    The following tables outline the changes in intangible assets during the period:
     
    Distribution
    rights
     
    Customer
    contracts
     
    License
    agreements
     
    Customer
    lists
     
    Software (1)
     
    Patents/
    Trademark/Trade names
    (2)
     
    Non-compete
    agreements
     
    Total
     
    $
     
    $
     
    $
     
    $
     
    $
     
    $
     
    $
     
    $
    Gross carrying amount
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Balance as of December 31, 2015
    2,607

     
    1,001

     
    302

     
    10,249

     
    1,700

     
    2,215

     
    198

     
    18,272

    Additions – separately acquired

     

     

     

     
    83

     

     

     
    83

    Additions through business acquisitions

     

     

     
    16,213

     

     

     
    7,822

     
    24,035

    Net foreign exchange differences
    90

     
    36

     

     
    (256
    )
     

     
    1

     
    (124
    )
     
    (253
    )
    Balance as of December 31, 2016
    2,697

     
    1,037

     
    302

     
    26,206

     
    1,783

     
    2,216

     
    7,896

     
    42,137

    Accumulated amortization and impairments
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Balance as of December 31, 2015
    2,561

     
    998

     
    204

     
    1,107

     
    765

     
    19

     
    50

     
    5,704

    Amortization
    29

     
    4

     
    6

     
    1,189

     
    251

     
    120

     
    291

     
    1,890

    Impairments

     

     

     

     

     
    379

     

     
    379

    Net foreign exchange differences
    88

     
    35

     

     

     

     
    (9
    )
     

     
    114

    Balance as of December 31, 2016
    2,678

     
    1,037

     
    210

     
    2,296

     
    1,016

     
    509

     
    341

     
    8,087

    Net carrying amount as of December 31, 2016
    19

     

     
    92

     
    23,910

     
    767

     
    1,707

     
    7,555

     
    34,050

     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Distribution
    rights
     
    Customer
    contracts
     
    License
    agreements
     
    Customer
    lists
     
    Software (1)
     
    Patents/
    Trademark/Trade names
    (2)
     
    Non-compete
    agreements
     
    Total
     
    $
     
    $
     
    $
     
    $
     
    $
     
    $
     
    $
     
    $
    Gross carrying amount
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Balance as of December 31, 2016
    2,697

     
    1,037

     
    302

     
    26,206

     
    1,783

     
    2,216

     
    7,896

     
    42,137

    Additions – separately acquired

     

     

     

     
    3,108

     
    452

     

     
    3,560

    Additions through business acquisitions

     

     

     
    5,284

     

     
    6,088

     
    328

     
    11,700

    Net foreign exchange differences
    182

     
    70

     

     
    1,151

     

     
    179

     
    496

     
    2,078

    Balance as of December 31, 2017
    2,879

     
    1,107

     
    302

     
    32,641

     
    4,891

     
    8,935

     
    8,720

     
    59,475

    Accumulated amortization and impairments
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Balance as of December 31, 2016
    2,678

     
    1,037

     
    210

     
    2,296

     
    1,016

     
    509

     
    341

     
    8,087

    Amortization
    20

     

     
    7

     
    2,504

     
    283

     
    (4
    )
     
    919

     
    3,729

    Net foreign exchange differences
    181

     
    70

     

     
    77

     

     

     
    13

     
    341

    Balance as of December 31, 2017
    2,879

     
    1,107

     
    217

     
    4,877

     
    1,299

     
    505

     
    1,273

     
    12,157

    Net carrying amount as of December 31, 2017

     

     
    85

     
    27,764

     
    3,592

     
    8,430

     
    7,447

     
    47,318


    (1) 
    Includes $0.9 million of acquired software licenses during the year ended December 31, 2017 (nil during the year ended December 31, 2016).
    (2) 
    Includes a trademark and trade names not subject to amortization totalling $8.0 million and $1.7 million as of December 31, 2017 and 2016, respectively.