XML 103 R11.htm IDEA: XBRL DOCUMENT v3.20.1
Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets.  
Goodwill and Intangible Assets

Note 4.—Goodwill and Intangible assets

In the first quarter of 2015, the Company acquired CCM and recorded $104.6 million of goodwill and intangible assets of $33.1 million.  The Company reviewed its goodwill and intangible assets for impairment at least annually as of December 31 or more frequently if facts and circumstances indicated that it is more likely than not that the fair value of a reporting unit that has goodwill was less than its carrying value.  In the second and third quarters of 2018, the Company performed impairment tests and determined that the goodwill and intangible assets were impaired.  As a result, an impairment charge of $74.7 million related to goodwill and $13.5 million related to intangible assets was recorded during the quarter ended June 30, 2018, and an additional $29.9 million and $4.9 million, respectively, was recorded during the quarter ended September 30, 2018.  At December 31, 2019 and 2018, the Company had no goodwill or intangible assets remaining related to the CCM acquisition.

 

The following table presents the changes in the carrying amount of goodwill for the period indicated:

 

 

 

 

 

Balance at December 31, 2017

 

$

104,587

 

Impairment charges

 

 

(104,587)

 

Balance at December 31, 2018

 

$

 —

 

 

The following table presents the net carrying amount of the intangible assets acquired as part of the CCM acquisition as of December 31, 2018:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Gross

    

Accumulated

    

Aggregate

    

Net

As of December 31, 2018:

 

Carrying Amount

 

Amortization

 

Impairment Charges

 

Carrying Amount

Intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

Trademark

 

$

17,251

 

$

(3,801)

 

$

(13,450)

 

$

 —

Customer relationships

 

 

10,170

 

 

(5,273)

 

 

(4,897)

 

 

 —

Non-compete agreement

 

 

5,701

 

 

(5,701)

 

 

 —

 

 

 —

Total intangible assets acquired

 

$

33,122

 

$

(14,775)

 

$

(18,347)

 

$

 —