Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill (Tables)

v3.20.2
Intangible Assets and Goodwill (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2020:

 

    Useful     Gross           Net  
    Lives     Carrying     Accumulated     Carrying  
June 30, 2020   (In Years)     Amount     Amortization     Amount  
                         
Amortized:                                
Customer relationships     9 - 12     $ 19,264     $ (1,920 )   $ 17,344  
Trademark and tradename     3 - 15       7,553       (890 )     6,663  
Patents     7 - 11       2,117       (1,548 )     569  
Technology     7       10,911       (1,903 )     9,008  
Favorable contract interest     4       388       (283 )     105  
Covenant not to compete     5       208       (121 )     87  
              40,441       (6,665 )     33,776  
                                 
Unamortized:                                
Customer list             104       -       104  
Trademark and Tradename             61       -       61  
                                 
              165       -       165  
                                 
Total           $ 40,606     $ (6,665 )   $ 33,941  

 

    Useful     Gross           Net  
    Lives     Carrying     Accumulated     Carrying  
December 31, 2019   (In Years)     Amount     Amortization     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)   $ 2,665  
2021     5,153  
2022     4,479  
2023     4,434  
2024     2,021  
2025     1,894  
Thereafter     13,130  
    $ 33,776