ACQUISITIONS Acquisition of SeaBear On October 27, 2015 , the Company acquired all of the outstanding common stock of SeaBear GmbH (SeaBear) and related assets in a purchase transaction with SeaBears sole shareholder (the Seller). SeaBear, founded and based in Graz, Austria, specializes in the development of underwater instrumentation through unique application of existing, new and emerging technologies. The Company believed that sales of SeaBears innovative diving technology could be expanded through the Companys global marketing and distribution networks. The SeaBear acquisition is included in the Companys Diving segment. Goodwill of $ 2,219 , which represents the excess of the purchase price over the net tangible and intangible assets acquired, is not deductible for tax purposes. During the quarter ended July 1, 2016, the Company re-evaluated its projections for its Diving reporting unit as a result of deteriorating business conditions. As a result, the Company performed an impairment test on the goodwill of the Diving reporting unit, including the goodwill acquired in the SeaBear acquisition, and determined an impairment charge of $ 6,197 was required thereby reducing the carrying value of goodwill reported in the Diving segment (including the portion attributable to the SeaBear acquisition) to $ 0 . Acquisition of Northport On April 4, 2016 , the Company acquired substantially all of the assets of Northport Systems, Inc. (Northport) in a purchase transaction with Northport and its owners (collectively, the Seller). Northport, based in Toronto, Canada, specializes in the development and application of unique digital cartography technologies and web, e-commerce and data solutions for fishing and marine markets. The acquisition cost for the Northport assets was funded with existing cash and credit facilities. Approximately $ 500 of the purchase price was paid into a segregated escrow account which was set aside to fund potential indemnity claims that may be made by the Company against the Seller in