Intangible Assets

6 Months Ended

Jun. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets

Basic had trade names of $3.4 million as of each of June 30, 2017 and December 31, 2016. Trade names have a 15-year life and are tested for impairment annually.

Basic’s intangible assets were as follows (in thousands):

	June 30, 2017		December 31, 2016
Trade names	$	3,410	$	3,410
Other intangible assets	48		48
	$	3,458	$	3,458
Less accumulated amortization	119		—
Intangible assets subject to amortization, net	$	3,339	$	3,458

Amortization expense of intangible assets for the three and six months ended June 30, 2017 and 2016 was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
	(Successor)		(Predecessor)		(Successor)		(Predecessor)
Intangible amortization expense	$	60	$	2,200	$	119	$	4,500