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Intangible Assets
12 Months Ended
Dec. 31, 2019
Intangible Assets Net Excluding Goodwill [Abstract]  
Intangible Assets

Note 11 – Intangible Assets

As of December 31, 2019 and 2018, our intangible assets were comprised of the following:

 

 

 

2019

 

 

2018

 

(In thousands)

 

Gross Value

 

 

Accumulated

Amortization

 

 

Net Value

 

 

Gross Value

 

 

Accumulated

Amortization

 

 

Net Value

 

Customer relationships

 

$

22,356

 

 

$

(7,233

)

 

$

15,123

 

 

$

22,455

 

 

$

(5,380

)

 

$

17,075

 

Developed technology

 

 

10,170

 

 

 

(3,379

)

 

 

6,791

 

 

 

12,801

 

 

 

(4,867

)

 

 

7,934

 

Licensed technology

 

 

5,900

 

 

 

(1,174

)

 

 

4,726

 

 

 

5,900

 

 

 

(520

)

 

 

5,380

 

Supplier relationships

 

 

2,800

 

 

 

(2,508

)

 

 

292

 

 

 

2,800

 

 

 

(1,108

)

 

 

1,692

 

Intellectual property

 

 

 

 

 

 

 

 

 

 

 

930

 

 

 

(930

)

 

 

 

Licensing agreements

 

 

560

 

 

 

(79

)

 

 

481

 

 

 

560

 

 

 

(5

)

 

 

555

 

Patents

 

 

500

 

 

 

(226

)

 

 

274

 

 

 

500

 

 

 

(157

)

 

 

343

 

Trade names

 

 

310

 

 

 

(176

)

 

 

134

 

 

 

310

 

 

 

(106

)

 

 

204

 

Non-compete

 

 

 

 

 

 

 

 

 

 

 

200

 

 

 

(200

)

 

 

 

Total

 

$

42,596

 

 

$

(14,775

)

 

$

27,821

 

 

$

46,456

 

 

$

(13,273

)

 

$

33,183

 

 

Amortization expense was $5.3 million, $2.3 million and $2.9 million for the years ended December 31, 2019, 2018 and 2017, respectively.

As of December 31, 2019, the estimated future amortization expense of intangible assets is as follows:

 

(In thousands)

 

Amount

 

2020

 

$

4,444

 

2021

 

 

4,095

 

2022

 

 

3,471

 

2023

 

 

3,320

 

2024

 

 

3,226

 

Thereafter

 

 

9,265

 

Total

 

$

27,821