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INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2017
INTANGIBLE ASSETS  
Schedule of intangible assets

 

Intangible assets on the Company’s consolidated balance sheets consist of the following (in thousands):

 

 

 

 

 

December 31, 2017

 

December 31, 2016

 

 

 

Life

 

Gross
Amount

 

Accumulated
amortization

 

Net Book
Value

 

Gross
Amount

 

Accumulated
amortization

 

Net Book
Value

 

Customer lists

 

8 - 17 years

 

$

38,659

 

$

(12,721

)

$

25,938

 

$

37,868

 

$

(10,087

)

$

27,781

 

Trade name

 

10 - 12 years

 

6,213

 

(2,798

)

3,415

 

6,038

 

(2,281

)

3,757

 

Design and technologies

 

10 - 12 years

 

5,147

 

(2,443

)

2,704

 

4,537

 

(1,840

)

2,697

 

Patents

 

17 years

 

24

 

(8

)

16

 

24

 

(7

)

17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

$

50,043

 

$

(17,970

)

$

32,073

 

$

48,467

 

$

(14,215

)

$

34,252

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of estimated amortization expense for intangible assets

 

Year ending December 31,

 

Total

 

2018

 

$

3,268

 

2019

 

3,268

 

2020

 

3,268

 

2021

 

3,002

 

Thereafter

 

19,267

 

 

 

 

 

 

 

$

32,073