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INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2021
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

6.    INTANGIBLE ASSETS

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

June 30, 2021

December 31, 2020

    

    

Gross

    

Accumulated

    

Net Book

    

Gross

    

Accumulated

    

Net Book

Life

Amount

Amortization

Value

Amount

Amortization

Value

Customer lists

 

8 - 17 years

$

69,489

$

(25,611)

$

43,878

$

69,833

$

(23,636)

$

46,197

Trade name

 

10 - 19 years

 

13,951

 

(5,497)

 

8,454

 

14,055

 

(5,061)

 

8,994

Design and technologies

 

10 - 15 years

 

15,295

 

(5,225)

 

10,070

 

15,531

 

(4,874)

 

10,657

Patents

17 years

 

24

 

(14)

 

10

 

24

 

(13)

 

11

Total

$

98,759

$

(36,347)

$

62,412

$

99,443

$

(33,584)

$

65,859

Amortization expense for intangible assets was $1,511 and $1,483 for the three months ended June 30, 2021 and 2020, respectively. For the six months ended June 30, 2021 and 2020, amortization expense was $3,023 and $2,924, respectively.

Estimated future intangible asset amortization expense as of June 30, 2021 is as follows (in thousands):

Estimated

    

Amortization Expense

Remainder of 2021

$

3,011

2022

 

6,073

2023

 

6,087

2024

5,759

2025

 

5,741

2026

5,729

Thereafter

 

30,012

Total estimated amortization expense

$

62,412