Intangibles |
Intangibles
The Company’s intangible assets by major asset class subject to amortization as of: | | | | | | | | | | | | | | | | | | | | | | | June 30, 2017 | Weighted Average Life, | | Original Cost | | Accumulated Amortization | | Impairment | | Currency Translation | | Net Book Value | Intangible assets: | | | | | | | | | | | | Trade name | 8 years | | $ | 2,776 |
| | $ | 1,496 |
| | $ | 310 |
| | $ | 3 |
| | $ | 973 |
| Non-compete agreement | 5 years | | 1,600 |
| | 1,579 |
| | — |
| | — |
| | 21 |
| Technology asset | 5 years | | 1,869 |
| | 643 |
| | — |
| | 7 |
| | 1,233 |
| Customer relationships | 10 years | | 15,568 |
| | 8,701 |
| | 1,979 |
| | 16 |
| | 4,904 |
| Total intangible assets | | | $ | 21,813 |
| | $ | 12,419 |
| | $ | 2,289 |
| | $ | 26 |
| | $ | 7,131 |
| | | | | | | | | | | | | September 30, 2016 | | |
| | | | | | | | | Intangible assets: | | | | | | | | | | | | Trade name | 8 years | | $ | 2,776 |
| | $ | 1,240 |
| | $ | — |
| | $ | 9 |
| | $ | 1,545 |
| Non-compete agreement | 5 years | | 1,600 |
| | 1,547 |
| | — |
| | — |
| | 53 |
| Below market lease | 5 years | | 900 |
| | 900 |
| | — |
| | — |
| | — |
| Technology asset | 5 years | | 1,869 |
| | 389 |
| | — |
| | 37 |
| | 1,517 |
| Customer relationships | 10 years | | 15,568 |
| | 7,571 |
| | — |
| | 26 |
| | 8,023 |
| Total intangible assets | | | $ | 22,713 |
| | $ | 11,647 |
| | $ | — |
| | $ | 72 |
| | $ | 11,138 |
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The amortization expense on identifiable intangible assets for the nine months ended fiscal 2017 and 2016 was $1,744 and $1,961, respectively and $579 and $633 for the three months ended 2017 and 2016, respectively.
Amortization expense associated with the identified intangible assets is expected to be as follows: | | | | | | Amortization Expense | Fiscal year 2017 (July 1 to September 30, 2017) | $ | 416 |
| Fiscal year 2018 | 1,660 |
| Fiscal year 2019 | 1,643 |
| Fiscal year 2020 | 1,503 |
| Fiscal year 2021 | 1,004 |
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See Note 1 for further discussion on asset impairment charges incurred as of June 30, 2017 due to the approval for the decision to close Alliance.
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