Note 5 - Goodwill and Other Intangibles

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

5.

Goodwill and Other Intangibles

Goodwill consists of the following as of

September 30, 2019:

	(in thousands)
Balance at December 31, 2018	$	29,868
Additions for acquisitions		2,314
Effects of currency exchange		(80	)
Balance at September 30, 2019	$	32,102

    Other intangible assets consist of the following:

	September 30, 2019						December 31, 2018
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Value		Amortization		Value		Value		Amortization		Value
	(in thousands)
Product technology and intellectual property	$	12,286	$	6,518	$	5,768	$	11,728	$	5,726	$	6,002
Trademarks, tradenames and licenses		2,349		1,661		688		2,246		1,561		685
Customer relationships		13,928		4,398		9,530		10,065		3,806		6,259
Other intangible assets		2,342		1,563		779		2,145		1,399		746
Total identifiable intangible assets	$	30,905	$	14,140	$	16,765	$	26,184	$	12,492	$	13,692

These intangible assets are being amortized over their useful lives ranging from

2

to

16

years. The weighted-average amortization period for these intangibles as of

September 30, 2019

is

11.0

years. Amortization expense is included in general and administrative expense and was as follows for the periods indicated.

	Three months ended September 30,				Nine months ended September 30,
	2019		2018		2019		2018
	(in thousands)				(in thousands)
Amortization expense	$	600	$	380	$	1,711	$	1,213

We estimate that amortization expense for the remainder of

2019

and for each of the

five

succeeding fiscal years will be as follows: 

	Year ended December 31,
	2019		2020		2021		2022		2023		2024
	(in thousands)
Amortization expense	$	573	$	2,233	$	2,000	$	1,796	$	1,722	$	1,541