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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets  
Schedule of intangible assets

 

Intangible assets consist of the following (in thousands):

 

 

 

Useful Life

 

June 30,

 

December 31,

 

 

 

in Years

 

2016

 

2015

 

Trade name

 

15 - 20

 

  $

1,225

 

  $

1,186

 

Patents and know-how

 

5 - 12

 

4,195

 

4,002

 

Customer relationships

 

4 - 8

 

757

 

724

 

 

 

 

 

 

 

 

 

 

 

 

 

6,177

 

5,912

 

Less accumulated amortization

 

 

 

(4,444)

 

(4,011)

 

 

 

 

 

 

 

 

 

 

 

 

 

  $

1,733

 

  $

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

 

$

228 

 

2017

 

$

446 

 

2018

 

$

163 

 

2019

 

$

163 

 

2020

 

$

163 

 

2021

 

$

163