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Note 4 - Intangible Assets and Goodwill
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]
4.
 
Intangible Assets and Goodwill
 
Intangible assets consisted of the following (
in thousands, except for weighted average amortization period
):
 
 
 
 
Gross Carrying Amount
 
 
 
Accumulated
Amortization
 
 
 
Net Carrying Amount
 
 
 
Weighted Average Amortization Period in Years
 
March 31, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
 
$
68,290
 
 
$
(17,588
)
 
$
50,702
 
 
 
12.7
 
Intellectual property
 
 
21,700
 
 
 
(7,638
)
 
 
14,062
 
 
 
3.9
 
Trade names
 
 
136
 
 
 
(117
)
 
 
19
 
 
 
0.4
 
Restrictive covenants
 
 
133
 
 
 
(115
)
 
 
18
 
 
 
0.4
 
Total
 
$
90,259
 
 
$
(25,458
)
 
$
64,801
 
 
 
 
 
 
 
 
 
Gross Carrying Amount
 
 
 
Accumulated
Amortization
 
 
Net Carrying Amount
 
 
 
Weighted Average Amortization Period in Years
 
December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
 
$
156,790
 
 
$
(104,740
)
 
$
52,050
 
 
 
12.8
 
Intellectual property
 
 
21,700
 
 
 
(6,670
)
 
 
15,030
 
 
 
4.1
 
Trade names
 
 
16,246
 
 
 
(16,215
)
 
 
31
 
 
 
0.7
 
Restrictive covenants
 
 
263
 
 
 
(234
)
 
 
29
 
 
 
0.7
 
Total
 
$
194,999
 
 
$
(127,859
)
 
$
67,140
 
 
 
 
 
 
Amortization expense of intangible assets is expected to approximate the following
(in thousands):
 
Year ending December 31,
 
Amortization
2019 (excluding the three months ended March 31, 2019)
 
$
6,856
 
2020
 
 
7,664
 
2021
 
 
7,197
 
2022
 
 
7,197
 
2023
 
 
4,822
 
Thereafter
 
 
31,065
 
Total
 
$
64,801
 
 
For the
three
months ended
March 31, 2019
and
2018,
amortization expense related to intangible assets was
$2.3
million and
$6.1
million, respectively.
 
There was
no
change in the carrying amount of goodwill for the
three
months ended
March 31, 2019.