Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill (Tables)

v3.20.2
Intangible Assets and Goodwill (Tables)
9 Months Ended
Sep. 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 September 30, 2020:

 

    Useful   Gross           Net  
    Lives   Carrying     Accumulated     Carrying  
September 30, 2020   (In Years)   Amount     Amortization     Amount  
                       
Amortized:                            
Customer relationships   9 - 12   $ 19,264     $ (2,326 )   $ 16,938  
Trademark and tradename   3 - 15     7,553       (1,091 )     6,462  
Patents   7 - 11     2,117       (1,605 )     512  
Technology   7     10,911       (2,537 )     8,374  
Favorable contract interest   4     388       (307 )     81  
Covenant not to compete   5     208       (132 )     76  
          40,441       (7,998 )     32,443  
                             
Unamortized:                            
Customer list         104       -       104  
Trademark and Tradename         61       -       61  
                             
          165       -       165  
                             
Total       $ 40,606     $ (7,998 )   $ 32,608  

 

    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)   $ 1,332  
2021     5,153  
2022     4,479  
2023     4,434  
2024     2,021  
2025     1,894  
Thereafter     13,130  
    $ 32,443