Note 5 - Goodwill and Other Intangibles

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

5.

Goodwill and Other Intangibles

Goodwill consists of the following:

	As of December 31,
	2019			2018
Balance at beginning of year	$	29,868		$	23,844
Additions for acquisitions		10,092			6,361
Divestiture adjustment		-			(135	)
Effects of currency exchange		(9	)		(202	)
Balance at end of year	$	39,951		$	29,868

Other intangibles consist of the following:

	December 31, 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	$	13,502	$	5,722	$	7,780	$	11,728	$	5,726	$	6,002
Trademarks, tradenames and licenses		1,807		702		1,105		2,246		1,561		685
Customer relationships		18,215		3,364		14,851		10,065		3,806		6,259
Other intangible assets		1,725		568		1,157		2,145		1,399		746
Total identifiable intangible assets	$	35,249	$	10,356	$	24,893	$	26,184	$	12,492	$	13,692

These assets are being amortized over useful lives ranging from

2

to

16

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

December 

31,

2019,

is

10.1

years. Amortization expense is included in general and administrative expense and is as follows:

	Year ended December 31,
	2019		2018		2017
			(in thousands)
Amortization expense	$	2,437	$	1,760	$	1,790

During the year ended

December 31, 2019

we wrote off fully amortized intangible assets with a gross values of

$4.5

million. Estimated amortization expense for each of the next

five

fiscal years, based upon the intangible assets at

December 

31,

2019,

is as follows:

	Year ended December 31,
	2020		2021		2022		2023		2024
	(in thousands)
Amortization expense	$	3,224	$	2,956	$	2,751	$	2,677	$	2,477