Note 6 - Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

(6) Goodwill and Intangible Assets

Goodwill and intangible assets consisted of the following at December 31, 2020:

	Gross		Accumulated Impairment			Net
	(In thousands)
Goodwill	$	57,969	$	(714	)	$	57,255

	Useful Life			Gross		Accumulated Amortization		Net
	(In years)					(In thousands)
Non-amortizing intangible assets:
Indefinite trade name					1,191				1,191
Amortizing intangible assets:
Customer related	5	-	15		9,344		9,256		88
Technology		7			1,360		1,229		131
Trade names	5	-	10		1,572		1,572		--
Total amortizing intangible assets					12,276		12,057		219
Total intangible assets other than goodwill				$	13,467	$	12,057	$	1,410

Goodwill and intangible assets consisted of the following at December 31, 2019:

	Gross		Accumulated Impairment		Net
	(In thousands)
Goodwill	$	57,935	$	-	$	57,935

	Useful Life			Gross		Accumulated Amortization		Net
	(In years)					(In thousands)
Non-amortizing intangible assets:
Indefinite trade name					1,191				1,191
Amortizing intangible assets:
Customer related	5	-	15		9,338		9,154		184
Technology		7			1,360		1,007		353
Trade names	5	-	10		1,572		1,572		--
Total amortizing intangible assets					12,270		11,733		537
Total intangible assets other than goodwill				$	13,461	$	11,733	$	1,728

The following represents a summary of changes in the carrying amount of goodwill for the years ended December 31, 2020 and 2019 (in thousands):

Balance as of December 31, 2018	$	57,831
Foreign currency translation		104
Balance as of December 31, 2019	$	57,935
Impairment		(714	)
Foreign currency translation		34
Balance as of December 31, 2020	$	57,255

As discussed in Note 1, we recorded an impairment of $714,000 to the Canada reporting unit’s goodwill in December 2020.

Aggregate amortization expense for customer related intangibles, trade names, and technology for the years ended December 31, 2020, 2019 and 2018 was $318,000, $374,000, and $662,000, respectively. Estimated future amortization expense for 2021, 2022 and 2023 is $180,000, $40,000, and -0-, respectively.