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INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2019
INTANGIBLE ASSETS  
Schedule of intangible assets

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2019

 

December 31, 2018

 

    

 

 

 

 

    

Gross

    

Accumulated

    

Net Book

    

Gross

    

Accumulated

    

Net Book

 

 

Life

 

Amount

 

amortization

 

Value

 

Amount

 

amortization

 

Value

Customer lists

 

8

-

17

years

 

$

64,400

 

$

(17,339)

 

$

47,061

 

$

64,439

 

$

(15,343)

 

$

49,096

Trade name

 

10

-

12

years

 

 

12,241

 

 

(3,712)

 

 

8,529

 

 

12,249

 

 

(3,305)

 

 

8,944

Design and technologies

 

10

-

12

years

 

 

12,993

 

 

(3,150)

 

 

9,843

 

 

13,023

 

 

(2,723)

 

 

10,300

Patents

 

17

years

 

 

24

 

 

(11)

 

 

13

 

 

24

 

 

(10)

 

 

14

Total

 

 

 

 

 

 

$

89,658

 

$

(24,212)

 

$

65,446

 

$

89,735

 

$

(21,381)

 

$

68,354

 

Schedule of estimated amortization expense for intangible assets

Estimated future intangible asset amortization expense as of June 30, 2019 is as follows (in thousands):

 

 

 

 

 

 

 

Estimated 

 

 

Amortization

 

    

Expense

Remainder of 2019

 

$

2,865

2020

 

 

5,731

2021

 

 

5,478

2022

 

 

5,478

2023

 

 

5,397

2024

 

 

5,095

Thereafter

 

 

35,402

Total estimated amortization expense

 

$

65,446