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Intangible and Other Assets
12 Months Ended
Dec. 31, 2018
Intangible And Other Assets [Abstract]  
Intangible and Other Assets

3.

Intangible and Other Assets

Following is a summary of intangible assets as of December 31:

 

 

 

 

 

2018

 

 

2017

 

 

 

Weighted

Average

Life

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Gross

Amount

 

 

Accumulated

Amortization

 

Intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Patents and licenses, software and hardware designs

 

6 years

 

$

5,177

 

 

$

3,430

 

 

$

5,320

 

 

$

3,540

 

Developed technology

 

10 years

 

 

2,782

 

 

 

2,573

 

 

 

2,782

 

 

 

2,295

 

Customer relationships and non-compete

 

9 years

 

 

2,838

 

 

 

2,838

 

 

 

2,838

 

 

 

2,621

 

 

 

 

 

$

10,797

 

 

$

8,841

 

 

$

10,940

 

 

$

8,456

 

 

Amortization expense for 2018 and 2017 was $889 and $921, respectively.  Estimated amortization expense for each of the ensuing years through December 31, 2023 is $602, $341, $324, $40 and $0, respectively.

Following is a summary of other assets as of December 31:

 

 

 

2018

 

 

2017

 

Other assets:

 

 

 

 

 

 

 

 

Inventories - bauxite raw materials

 

$

4,160

 

 

$

3,527

 

Other

 

 

1,034

 

 

 

5,434

 

 

 

$

5,194

 

 

$

8,961

 

 

Bauxite raw materials are used in the production of heavyweight ceramic products.  As of December 31, 2018 and 2017, the Company has classified as long-term assets those bauxite raw materials inventories that are not expected to be consumed in production during the upcoming twelve month period.  For additional information, refer to Note 5 – Other Operating (Income) Expense.  Other assets as of December 31, 2017 includes a $4,000 receivable relating to additional money owed us relating to the sale of our Russian proppant business.  This receivable was settled for $3,650 during 2018 and we recognized an additional loss on the sale of $350.  For additional information, refer to Note 18 – Sale of Russian Proppant Business.