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INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2020
INTANGIBLE ASSETS  
Schedule of intangible assets

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2020

 

December 31, 2019

 

    

 

 

 

 

    

Gross

    

Accumulated

    

Net Book

    

Gross

    

Accumulated

    

Net Book

 

 

Life

 

Amount

 

amortization

 

Value

 

Amount

 

amortization

 

Value

Customer lists

 

8

-

17

years

 

$

68,342

 

$

(20,258)

 

$

48,084

 

$

64,314

 

$

(19,311)

 

$

45,003

Trade name

 

10

-

19

years

 

 

13,607

 

 

(4,314)

 

 

9,293

 

 

12,222

 

 

(4,114)

 

 

8,108

Design and technologies

 

10

-

15

years

 

 

14,625

 

 

(3,727)

 

 

10,898

 

 

12,927

 

 

(3,554)

 

 

9,373

Patents

 

17

years

 

 

24

 

 

(12)

 

 

12

 

 

24

 

 

(11)

 

 

13

Total

 

 

 

 

 

 

$

96,598

 

$

(28,311)

 

$

68,287

 

$

89,487

 

$

(26,990)

 

$

62,497

 

Schedule of estimated amortization expense for intangible assets

Estimated future intangible asset amortization expense as of March 31, 2020 is as follows (in thousands):

 

 

 

 

 

 

 

Estimated 

 

 

Amortization Expense

Remainder of 2020

 

$

4,456

2021

 

 

5,905

2022

 

 

5,948

2023

 

 

5,949

2024

 

 

5,625

Thereafter

 

 

40,404

Total estimated amortization expense

 

$

68,287