XML 36 R24.htm IDEA: XBRL DOCUMENT v3.19.2
Intangible Assets and Goodwill (Tables)
6 Months Ended
Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

The Company’s identifiable intangible assets are associated with its acquisitions of HGP in 2012 and NLEX in 2014, as shown in the table below (in thousands), and are amortized using the straight-line method over their remaining estimated useful lives of three to seven years.  The Company’s tradename acquired as part of the acquisition of NLEX in 2014 has an indefinite life and therefore is not amortized.

 

 

 

Carrying Value

 

 

 

 

 

 

Carrying Value

 

 

 

December 31,

 

 

 

 

 

 

June 30,

 

Amortized Intangible Assets

 

2018

 

 

Amortization

 

 

2019

 

Customer Network (HGP)

 

$

114

 

 

$

(13

)

 

$

101

 

Trade Name (HGP)

 

 

746

 

 

 

(51

)

 

 

695

 

Customer Relationships (NLEX)

 

 

330

 

 

 

(54

)

 

 

276

 

Total

 

 

1,190

 

 

 

(118

)

 

 

1,072

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unamortized Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

Trade Name (NLEX)

 

 

2,437

 

 

 

 

 

 

2,437

 

Total

 

$

3,627

 

 

$

(118

)

 

$

3,509

 

Schedule of Estimated Amortization Expense, Intangible Assets

The estimated amortization expense as of June 30, 2019 during the next five fiscal years and thereafter is shown below (in thousands):

 

Year

 

Amount

 

2019 (remainder of year from July 1, 2019 to December 31, 2019)

 

$

118

 

2020

 

 

236

 

2021

 

 

236

 

2022

 

 

128

 

2023

 

 

125

 

Thereafter

 

 

229

 

Total

 

$

1,072

 

Schedule of Goodwill

The Company’s goodwill is related to its asset liquidation business and is comprised of goodwill from three acquisitions, as shown in the table below (in thousands). There were no additions to goodwill and no impairment losses to the carrying amount of goodwill during the six months ended June 30, 2019 and 2018.

 

Acquisition

 

June 30, 2019

 

 

December 31, 2018

 

Equity Partners

 

$

573

 

 

$

573

 

HGP

 

 

2,040

 

 

 

2,040

 

NLEX

 

 

3,545

 

 

 

3,545

 

Total goodwill

 

$

6,158

 

 

$

6,158