UFP Technologies (UFPT)

Goodwill

Goodwill is tested for impairment annually, and will be tested for impairment between annual tests if an event occurs or circumstances change that would indicate that the carrying amount may be impaired. Impairment testing for goodwill is done at a reporting unit level. Reporting units are one level below the business segment level, but can be combined when reporting units within the same segment have similar economic characteristics.  At December 31, 2008 the Company redefined its reporting units to include its Component Products segment, Packaging segment (excluding its Molded Fiber operation), and its Molded Fiber operation as separate reporting units for goodwill impairment testing.  An impairment loss generally would be recognized when the carrying amount of the reporting unit’s net assets exceeds the estimated fair value of the reporting unit. The Company completed its annual goodwill impairment test as of December 31, 2008, and determined that no goodwill was impaired.

Goodwill

Goodwill is tested for
impairment annually, and will be tested for impairment between annual tests if
an event occurs or circumstances change that would indicate that the carrying
amount may be impaired. Impairment testing for goodwill is done at a reporting
unit level. Reporting units are one level below the business segment level, but
can be combined when reporting units within the same segment have similar
economic characteristics.  At December 31,
2008 the Company redefined its reporting units to include its Component
Products segment, Packaging segment (excluding its Molded Fiber operation), and
its Molded Fiber operation as separate reporting units for goodwill impairment
testing.  An impairment loss generally
would be recognized when the carrying amount of the reporting unit’s net assets
exceeds the estimated fair value of the reporting unit. The Company completed
its annual goodwill impairment test as of December 31, 2008, and
determined that no goodwill was impaired.

(h)       Goodwill

Goodwill is tested for impairment annually, and will be tested for impairment between annual tests if an event occurs or circumstances change that would indicate that the carrying amount may be impaired. Impairment testing for goodwill is done at a reporting unit level. Reporting units are one level below the business segment level, but can be combined when reporting units within the same segment have similar economic characteristics.  At December 31, 2008 the Company redefined its reporting units to include its Component Products segment, Packaging segment (excluding its Molded Fiber operation), and its Molded Fiber operation as separate reporting units for goodwill impairment testing.  An impairment loss generally would be recognized when the carrying amount of the reporting unit’s net assets exceeds the estimated fair value of the reporting unit. The Company completed its annual goodwill impairment test as of December 31, 2008, and determined that no goodwill was impaired.

(h)       Goodwill

Goodwill is tested for impairment annually, and will be tested for
impairment between annual tests if an event occurs or circumstances change that
would indicate that the carrying amount may be impaired. Impairment testing for
goodwill is done at a reporting unit level. Reporting units are one level below
the business segment level, but can be combined when reporting units within the
same segment have similar economic characteristics.  At December 31, 2008 the Company
redefined its reporting units to include its Component Products segment,
Packaging segment (excluding its Molded Fiber operation), and its Molded Fiber
operation as separate reporting units for goodwill impairment testing.  An
impairment loss generally would be recognized when the carrying amount of the
reporting unit’s net assets exceeds the estimated fair value of the reporting
unit. The Company completed its annual goodwill impairment test as of December 31,
2008, and determined that no goodwill was impaired.

Goodwill

Amortization of Goodwill and certain indefinite lived intangible assets ceased with the adoption of SFAS No. 142, effective January 1, 2002.

Goodwill

Amortization of Goodwill and certain indefinite lived intangible assets ceased with the adoption of SFAS No. 142, effective January 1, 2002.

Goodwill

Amortization of Goodwill and certain indefinite lived intangible assets ceased with the adoption of SFAS No. 142, effective January 1, 2002.