Note 5. Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Goodwill and Other Intangible Assets

The components of intangible assets are as follows (in 000’s):

	December 31, 2017
		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer lists	$	1,770	$	(1,770	)	$	—
Customer relationships		3,424		(1,099	)		2,325
Proprietary software		782		(717	)		65
Trademarks – definite-lived		173		(113	)		60
Trademarks – indefinite-lived		408		—			408
Total intangible assets	$	6,557	$	(3,699	)	$	2,858

	December 31, 2016
		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer lists	$	1,770	$	(1,770	)	$	—
Customer relationships		1,747		(811	)		936
Proprietary software		782		(680	)		102
Trademarks – definite-lived		173		(63	)		110
Trademarks – indefinite-lived		232		—			232
Total intangible assets	$	4,704	$	(3,324	)	$	1,380

The Company performed its annual assessment for impairment of goodwill and intangible assets and determined there was no impairment as of and for the year ended December 31, 2017.

The amortization of intangible assets is a charge to operating expenses and totaled $375,000 and $811,000 in the years ended 2017 and 2016, respectively.

The future amortization of the identifiable intangible assets is as follows (in 000’s):

Years Ending December 31:
	2018	$	490
	2019		454
	2020		346
	2021		196
	2022		168
	Thereafter		796
	Total	$	2,450

Our goodwill balance of $4,070,000 at December 31, 2017, was related to our acquisition of Basset Press in July 2007, the acquisition of PIR in 2013, the acquisition of ACCESSWIRE in 2014 and the acquisition of Interwest in 2017. We conducted our annual impairment analyses as of October 1, of 2017 and 2016 and determined that no goodwill was impaired.