Detail of Selected Balance Sheet Accounts

12 Months Ended

Dec. 31, 2018

Detail Of Selected Balance Sheet Accounts

Detail of Selected Balance Sheet Accounts

2. Detail of Selected Balance Sheet Accounts

Property and Equipment

Property and equipment are stated at cost and consist of:

	At December 31,
	2018		2017
	(In thousands)
Land	$	2,476	$	2,476
Buildings		8,501		8,207
Machinery and equipment		14,867		14,165
		25,844		24,848
Less accumulated depreciation		14,388		13,493
Total	$	11,456	$	11,355

Intangible assets

Intangible assets consist of:	At December 31,
	2018		2017
	(In thousands)
Tradenames	$	5,936	$	5,996
Customer relationships		18,620		18,620
		24,556		24,616
Less accumulated amortization:
Tradenames		—		—
Customer relationships		13,377		12,601
		13,377		12,601
Total	$	11,179	$	12,015

Intangible assets include customer relationships which are being amortized over 6 to 9 year useful lives. Tradenames have an indefinite life and are not amortized; however, they are tested annually for impairment. As of December 31, 2018, accumulated amortization on the acquired intangible assets was $13.4 million, and amortization expense was $0.8 million in the year ended December 31, 2018, $1.4 million in the year ended December 31, 2017 and $1.7 million in the year ended December 31, 2016. Future amortization expense to be recognized on the acquired intangible assets is expected to be as follows:

	Annual  Amortization  Expense
	(In thousands)
2019	$	777
2020		777
2021		777
2022		777
2023		777
2024		777
2025		583

Goodwill

	At December 31,
	2018		2017
	(In thousands)
Balance at beginning of year	$	22,353	$	22,770
Less purchase price adjustment		—		417
Balance at end of year(1)	$	22,353	$	22,353

(1) The balance is net of $12.6 million of accumulated impairment losses.

Accrued and Other Current Liabilities 

Accrued and other current liabilities consist of:	At December 31,
	2018		2017
	(In thousands)
Customer rebates	$	6,163	$	5,648
Payroll, commissions, and bonuses		3,047		3,056
Accrued inventory purchases		5,140		4,796
Property taxes		1,041		943
Freight		689		318
Refund liability		435		—
Professional fees		415		448
Accrued interest		259		206
Other		2,043		1,408
Total	$	19,232	$	16,823