Other Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Other Intangible Assets

Other Intangible Assets

Intangible assets acquired are amortized on a straight-line basis. Amortization of intangible assets acquired totaled $0.9 million and, $2.0 million for the years ended December 31, 2020 and 2019, respectively.

Amortization of deferred financing costs totaled $1.4 million for the year ended December 31, 2019. In March 2019, the Company repaid the outstanding balance of its credit facility. See Note 13, “Debt.”

During the year ended December 31, 2020, the Company recorded impairment charges of $32.4 million for other intangible assets, impairing all finite-lived intangible assets, including those acquired in the May 2020 acquisition of JP3. See Note 11, “Impairment of Fixed, Long-lived and Intangible Assets.” During the year ended December 31, 2019, no impairments were recognized related to other intangible assets.

At December 31, 2019, the net carrying value of other intangible assets was $20.3 million, as follows (in thousands):

	Cost		Accumulated Amortization
Finite-lived intangible assets:
Patents and technology	$	17,493	$	(6,715)
Customer relationships	15,367		(6,013)
Trademarks and brand names	1,351		(1,160)
Total finite-lived intangible assets	$	34,211	$	(13,888)