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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets
Our intangible assets as of December 31 were comprised of the following:
 
December 31, 2019
 
Weighted-
Average
Amortization
Period
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Definite-lived intangible assets:
 
 
 
 
 
 
 
Trademarks/Tradenames
23 years
 
$
11,553

 
$
(4,276
)
 
$
7,277

Customer relationships
15 years
 
15,025

 
(6,574
)
 
8,451

Technical know-how
5 years
 
9,790

 
(571
)
 
9,219

Covenant not to compete
5 years
 
330

 
(19
)
 
311

 
 
 
$
36,698

 
$
(11,440
)
 
$
25,258

 
December 31, 2018
 
Weighted-
Average
Amortization
Period
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Definite-lived intangible assets:
 
 
 
 
 
 
 
Trademarks/Tradenames
23 years
 
$
8,346

 
$
(3,888
)
 
$
4,458

Customer relationships
15 years
 
14,022

 
(5,680
)
 
8,342

 
 
 
$
22,368

 
$
(9,568
)
 
$
12,800

Changes in Carrying Amounts of Goodwill
The changes in the carrying amounts of goodwill for the years ended December 31 are as follows:
 
2019
 
2018
Balance - Beginning of the year
$
7,576


$
8,045

FSE Acquisition
20,365



Currency translation adjustment
(125
)

(469
)
Balance - End of the year
$
27,816


$
7,576