Intangible Assets and Goodwill

12 Months Ended

Dec. 31, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

Note 7 – Intangible Assets and Goodwill

Intangible assets

The details of identifiable intangible assets as of December 31, 2017 and 2016 are shown below (in thousands except for lives):

Amortized Intangible Assets	Original Life (years)	Remaining Life (years)	Carrying Value December 31 2016		Amortization			Carrying Value December 31, 2017
Customer Network (HGP)	12	6.2	$	158	$	(22	)	$	136
Trade Name (HGP)	14	8.2		953		(103	)		850
Customer Relationships (NLEX)	7.6	4.1		550		(110	)		440
Website (NLEX)	5	1.4		24		(10	)		14
Total				1,685		(245	)		1,440

Unamortized Intangible Assets
Trade Name (NLEX)	N/A	N/A		2,437		—			2,437
Total			$	4,122	$	(245	)	$	3,877


Amortized Intangible Assets	Original Life (years)	Remaining Life (years)	Carrying Value December 31 2015		Amortization			Carrying Value December 31 2016
Customer Network (HGP)	12	7.2	$	178	$	(20	)	$	158
Trade Name (HGP)	14	9.2		1,059		(106	)		953
Customer Relationships (NLEX)	7.6	5.1		660		(110	)		550
Non-Compete Agreement (NLEX)	2	0		15		(15	)		—
Website (NLEX)	5	2.4		33		(9	)		24
Total				1,945		(260	)		1,685

Unamortized Intangible Assets
Trade Name (NLEX)	N/A	N/A		2,437		—			2,437
Total			$	4,382	$	(260	)	$	4,122

Amortization expense during each of 2017 and 2016 was $0.2 million and $0.3 million, respectively. No significant residual value is estimated for these intangible assets.

The Company performed its annual impairment test for the year ended December 31, 2017, in the fourth quarter, and determined that no impairment charges were necessary.

The estimated amortization expense during the next five fiscal years and thereafter is shown below (in thousands):

Year	Amount
2018	$	245
2019		240
2020		236
2021		236
2022		127
Thereafter		356
Total	$	1,440

Goodwill

As part of its acquisitions, the Company recognized goodwill of $0.6 million related to Equity Partners in 2011, $4.7 million related to HGP in 2012, and $3.5 million related to NLEX in 2014.

Goodwill consisted of the following at December 31, 2017 and 2016 (in thousands):

Acquisition	December 31, 2017		December 31, 2016
Equity Partners	$	573	$	573
HGP		2,040		2,040
NLEX		3,545		3,545
Total goodwill	$	6,158	$	6,158

The Company performed its annual impairment test for the year ended December 31, 2017, in the fourth quarter, and determined that no impairment charges were necessary.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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