XML 40 R29.htm IDEA: XBRL DOCUMENT v3.8.0.1
INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2018
INTANGIBLE ASSETS  
Schedule of intangible assets

 

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

 

 

 

 

 

March 31, 2018

 

December 31, 2017

 

 

 

Life

 

Gross
Amount

 

Accumulated
amortization

 

Net Book
Value

 

Gross
Amount

 

Accumulated
amortization

 

Net Book
Value

 

Customer lists

 

8 - 17 years

 

$

42,548

 

$

(13,452

)

$

29,096

 

$

38,659

 

$

(12,721

)

$

25,938

 

Trade name

 

10 - 12 years

 

6,255

 

(2,932

)

3,323

 

6,213

 

(2,798

)

3,415

 

Design and technologies

 

10-12 years

 

5,293

 

(2,604

)

2,689

 

5,147

 

(2,443

)

2,704

 

Patents

 

17 years

 

24

 

(9

)

15

 

24

 

(8

)

16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

$

54,120

 

$

(18,997

)

$

35,123

 

$

50,043

 

$

(17,970

)

$

32,073

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of estimated amortization expense for intangible assets

 

Estimated future intangible asset amortization expense as of March 31, 2018 is as follows (in thousands):

 

 

 

Estimated
Amortization
Expense

 

Remainder of 2018

 

$

2,655

 

2019

 

3,540

 

2020

 

3,540

 

2021

 

3,266

 

2022

 

3,266

 

2023

 

3,184

 

Thereafter

 

15,672

 

 

 

 

 

Total estimated amortization expense

 

$

35,123