Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill (Tables)

v3.20.1
Intangible Assets and Goodwill (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

The following table summarizes identifiable intangible assets of the Company as of December 31, 2019 and March 31, 2020:

 

March 31, 2020 (Unaudited)  

Useful

Lives

(In Years)

   

Gross

Carrying

Amount

   

Accumulated

Amortization

   

Net

Carrying

Amount

 
                         
Amortized:                                
Customer relationships     9 - 12     $ 19,264     $ (1,514 )   $ 17,750  
Trademark and tradename     3 - 15       7,553       (689 )     6,864  
Patents     7 - 11       2,117       (1,492 )     625  
Technology     7       10,911       (1,269 )     9,642  
Favorable contract interest     4       388       (259 )     129  
Covenant not to compete     5       208       (111 )     97  
              40,441       (5,334 )     35,107  
                                 
Unamortized:                                
Customer list             104       -       104  
Trademark and Tradename             61       -       61  
                                 
              165       -       165  
                                 
Total           $ 40,606     $ (5,334 )   $ 35,272  

  

December 31, 2019  

Useful

Lives

(In Years)

   

Gross

Carrying

Amount

   

Accumulated

Amortization

   

Net

Carrying

Amount

 
                         
Amortized:                                
Customer relationships     9 - 12     $ 19,299     $ (1,108 )   $ 18,191  
Trademark and tradename     3 - 15       7,553       (488 )     7,065  
Patents     7 - 11       2,117       (1,436 )     681  
Technology     7       10,911       (634 )     10,277  
Favorable contract interest     4       388       (234 )     154  
Covenant not to compete     5       208       (102 )     106  
              40,476       (4,002 )     36,474  
                                 
Unamortized:                                
Customer list             104       -       104  
Trademark and Tradename             61       -       61  
                                 
              165       -       165  
                                 
Total           $ 40,641     $ (4,002 )   $ 36,639  

Schedule of Finite-lived Intangible Assets, Future Amortization Expense

Estimated future amortization expense for each of the five succeeding fiscal years for these intangible assets is as follows:

 

Year ending December 31:          
2020 (remaining)     $ 3,997  
2021       5,153  
2022       4,479  
2023       4,434  
2024       2,021  
2025       1,894  
Thereafter       13,129  
      $ 35,107