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Goodwill and Other Intangibles (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill and Other Intangibles  
Changes in the carrying amount of goodwill

The following table presents the changes in the carrying amount of goodwill held entirely within the Company’s European Operations segment for the year ended December 31, 2018 (dollars in thousands):

 

 

 

 

 

 

Total

Balance at December 31, 2016

 

$

10,102

Currency translation adjustment

 

 

952

Balance at December 31, 2017

 

$

11,054

Currency translation adjustment

 

 

(646)

Balance at December 31, 2018

 

$

10,408

 

Summary of acquired other intangible assets

Acquired other intangible assets consisted of the following at December 31, 2018 and 2017 (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

December 31, 2017

 

 

 

 

 

Gross Carrying

 

Accumulated

 

Gross Carrying

 

Accumulated

 

Useful Lives

 

 

 

Amount

 

Amortization

 

Amount

 

Amortization

 

(Years)

 

Trade name

    

$

8,521

    

$

 —

    

$

8,529

    

$

 —

    

 —

 

Customer-related intangibles

 

 

9,617

 

 

6,282

 

 

10,217

 

 

6,219

 

17.0

 

Proprietary software

 

 

23,215

 

 

22,545

 

 

23,321

 

 

22,197

 

8.5

 

Trading rights

 

 

339

 

 

 —

 

 

339

 

 

 —

 

 —

 

Other

 

 

50

 

 

 —

 

 

50

 

 

 —

 

 —

 

Total

 

$

41,742

 

$

28,827

 

$

42,456

 

$

28,416

 

 

 

 

Schedule of future amortization expense for acquired other intangibles

The Company’s estimate of future amortization expense for acquired other intangibles that exist at December 31, 2018 is as follows (dollars in thousands):

 

 

 

 

 

 

    

Estimated

 

Year

 

Amortization

 

2019

 

$

844

 

2020

 

 

643

 

2021

 

 

563

 

2022

 

 

563

 

2023

 

 

563

 

Thereafter

 

 

829

 

Total

 

$

4,005

 

 

Schedule of changes in the carrying amount of net intangible assets

The following table represents the changes in the carrying amount of net intangible assets for the years ended December 31, 2018 and 2017 (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

Balance at December 31, 2016

 

$

15,390

 

Amortization

 

 

(1,276)

 

Impairment charge

 

 

(325)

 

Currency translation adjustment

 

 

251

 

Balance at December 31, 2017

    

$

14,040

 

Amortization

 

 

(1,010)

 

Currency translation adjustment

 

 

(115)

 

Balance at December 31, 2018

 

$

12,915