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GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2019
GOODWILL AND INTANGIBLE ASSETS  
Schedule of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2019

 

December 31, 2018

 

 

 

Weighted-Average

 

 

 

 

Accumulated

 

Net

 

 

 

 

Accumulated

 

Net

 

 

    

Amortization Period

    

Cost

    

Amortization

    

Value

    

 

Cost

    

Amortization

    

Value

 

 

 

(in years)

 

(in thousands)

 

(in thousands)

 

Finite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

14

 

$

60,431

 

$

25,225

 

$

35,206

 

$

60,431

 

$

24,130

 

$

36,301

 

Other

 

 9

 

 

1,032

 

 

718

 

 

314

 

 

1,032

 

 

684

 

 

348

 

 

 

13

 

 

61,463

 

 

25,943

 

 

35,520

 

 

61,463

 

 

24,814

 

 

36,649

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name

 

N/A

 

 

32,300

 

 

N/A

 

 

32,300

 

 

32,300

 

 

N/A

 

 

32,300

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total intangible assets

 

N/A

 

$

93,763

 

$

25,943

 

$

67,820

 

$

93,763

 

$

24,814

 

$

68,949

 

 

Schedule of future amortization for intangible assets and acquired software

 

    

    

 

    

Intangible

    

Acquired

 

 

 

Total

 

Assets

 

Software(1)

 

 

 

(in thousands)

 

Remainder of 2019

 

$

3,804

 

$

3,353

 

$

451

 

2020

 

 

4,471

 

 

4,454

 

 

17

 

2021

 

 

4,418

 

 

4,412

 

 

 6

 

2022

 

 

4,385

 

 

4,385

 

 

 —

 

2023

 

 

4,287

 

 

4,287

 

 

 —

 

Thereafter

 

 

14,629

 

 

14,629

 

 

 —

 

Total amortization

 

$

35,994

 

$

35,520

 

$

474

 


(1)

Acquired software is reported in property, plant and equipment.