Intangibles

6 Months Ended

Jun. 30, 2021

Goodwill and Intangibles [Abstract]

Intangibles

(8) Intangibles

Intangible assets consist of the following (in thousands):

		Successor						Predecessor
		June 30, 2021						December 31, 2020
	Estimated	Gross		Accumulated		Net		Gross		Accumulated		Net
	Useful Lives	Amount		Amortization		Balance		Amount		Amortization		Balance
Trade Names	10		4,166		(174)		3,992		4,744		(4,263)		481
Customer Relationships	17		-		-		-		14,592		(10,077)		4,515
Patents	10		2,120		(88)		2,032		-		-		-
Non-Compete Agreements	3		-		-		-		3,478		(3,478)		-
Total		$	6,286	$	(262)	$	6,024	$	22,814	$	(17,818)	$	4,996

At June 30, 2021, trade name intangible assets totaling $0.7 million were included in Assets Held for Sale. Amortization expense for both the Successor Quarter and Prior Predecessor Quarter was $0.2 million. For the Successor Period, Current Predecessor Period and Prior Predecessor Period amortization expense was $0.3 million, $0.1 million and $0.5 million, respectively. Based on the carrying values of intangible assets June 30, 2021, amortization expense for the next five years (2021 through 2025) is estimated to be $0.3 million for the remainder of 2021 and $0.7 million for the years 2022 through 2025.

See Note 3 – “Fresh Start Accounting” for additional information.