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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Intangible Assets

Intangible assets consisted of the following:

 

 

As of December 31, 2019

 

 

As of December 31, 2018

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Value

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Value

 

Intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

6,352

 

 

$

1,455

 

 

$

4,897

 

 

$

4,022

 

 

$

1,005

 

 

$

3,017

 

Trade names

 

3,242

 

 

 

563

 

 

 

2,679

 

 

 

2,362

 

 

 

393

 

 

 

1,969

 

Formulas and batching processes

 

1,039

 

 

 

204

 

 

 

835

 

 

 

669

 

 

 

140

 

 

 

529

 

Internal-use software

 

286

 

 

 

-

 

 

 

286

 

 

 

-

 

 

 

-

 

 

 

-

 

Non-compete agreement

 

41

 

 

 

19

 

 

 

22

 

 

 

26

 

 

 

13

 

 

 

13

 

 

 

10,960

 

 

 

2,241

 

 

 

8,719

 

 

 

7,079

 

 

 

1,551

 

 

 

5,528

 

Goodwill

 

 

 

 

 

 

 

 

 

3,230

 

 

 

 

 

 

 

 

 

 

 

1,521

 

Total intangible assets

 

 

 

 

 

 

 

 

$

11,949

 

 

 

 

 

 

 

 

 

 

$

7,049

 

Schedule of Estimated Amortization Expense

Estimated amortization expense for 2020 and subsequent years is as follows:

 

2020

$

895

 

2021

 

893

 

2022

 

891

 

2023

 

891

 

2024

 

890

 

Thereafter

 

3,973

 

Total

$

8,433