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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets consisted of the following:

 

 

As of December 31, 2018

 

 

As of December 31, 2017

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Value

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Value

 

Intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

4,022

 

 

$

1,005

 

 

$

3,017

 

 

$

4,022

 

 

$

603

 

 

$

3,419

 

Trade names

 

2,362

 

 

 

393

 

 

 

1,969

 

 

 

2,362

 

 

 

236

 

 

 

2,126

 

Formulas and batching processes

 

669

 

 

 

140

 

 

 

529

 

 

 

669

 

 

 

84

 

 

 

585

 

Non-compete agreement

 

26

 

 

 

13

 

 

 

13

 

 

 

26

 

 

 

8

 

 

 

18

 

 

 

7,079

 

 

 

1,551

 

 

 

5,528

 

 

 

7,079

 

 

 

931

 

 

 

6,148

 

Goodwill

 

 

 

 

 

 

 

 

 

1,521

 

 

 

 

 

 

 

 

 

 

 

1,521

 

Total intangible assets

 

 

 

 

 

 

 

 

$

7,049

 

 

 

 

 

 

 

 

 

 

$

7,669

 

Schedule of Estimated Amortization Expense

Estimated amortization expense for 2019 and subsequent years is as follows:

 

2019

$

620

 

2020

 

620

 

2021

 

618

 

2022

 

616

 

2023

 

616

 

Thereafter

 

2,438

 

Total

$

5,528