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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2016
Goodwill and Intangible Assets  
Schedule of intangible assets

 

Intangible assets consist of the following (in thousands):

 

 

Useful Life

 

March 31,

 

December 31,

 

 

in Years

 

2016

 

2015

Trade name

 

15 - 20

 

$

1,222

 

$

1,186

Patents and know-how

 

5 - 12

 

4,180

 

4,002

Customer relationships

 

4 - 8

 

765

 

724

 

 

 

 

 

 

 

 

 

 

 

6,167

 

5,912

Less accumulated amortization

 

 

 

(4,296)

 

(4,011)

 

 

 

 

 

 

 

 

 

 

 

$

1,871

 

$

1,901

 

 

 

 

 

 

 

 

 

 

Schedule of estimated amortization expense

 

Estimated amortization expense for each of the next five years is as follows (in thousands):

Years ending December 31:

 

 

 

Remainder of 2016

 

$

341 

 

2017

 

$

446 

 

2018

 

$

163 

 

2019

 

$

163 

 

2020

 

$

163 

 

2021

 

$

163