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INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2018
INTANGIBLE ASSETS  
Schedule of intangible assets

 

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

 

 

 

 

 

June 30, 2018

 

December 31, 2017

 

 

 

Life

 

Gross 
Amount

 

Accumulated 
amortization

 

Net Book 
Value

 

Gross 
Amount

 

Accumulated 
amortization

 

Net Book 
Value

 

Customer lists

 

8 - 17 years

 

$

42,200

 

$

(13,982

)

$

28,218

 

$

38,659

 

$

(12,721

)

$

25,938

 

Trade name

 

10 - 12 years

 

6,178

 

(3,042

)

3,136

 

6,213

 

(2,798

)

3,415

 

Design and technologies

 

10-12 years

 

5,024

 

(2,565

)

2,459

 

5,147

 

(2,443

)

2,704

 

Patents

 

17 years

 

24

 

(9

)

15

 

24

 

(8

)

16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

$

53,426

 

$

(19,598

)

$

33,828

 

$

50,043

 

$

(17,970

)

$

32,073

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of estimated amortization expense for intangible assets

 

Estimated future intangible asset amortization expense as of June 30, 2018 is as follows (in thousands):

 

 

 

Estimated 
Amortization 
Expense

 

Remainder of 2018

 

$

1,747

 

2019

 

3,493

 

2020

 

3,493

 

2021

 

3,234

 

2022

 

3,234

 

2023

 

3,152

 

Thereafter

 

15,475

 

 

 

 

 

Total estimated amortization expense

 

$

33,828