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INTANGIBLE ASSETS, NET
12 Months Ended
Dec. 31, 2018
INTANGIBLE ASSETS, NET  
INTANGIBLE ASSETS, NET

8. INTANGIBLE ASSETS, NET

The following table summarizes the Company’s intangible assets:

 

 

 

 

 

 

 

 

 

    

Gross

    

 

    

 

 

 

Carrying

 

Accumulated

 

 

At December 31, 2018

 

Amount

 

Amortization

 

Net

 

 

$

 

$

 

$

Technical know-how

 

2,369

 

(1,458)

 

911

Computer software

 

25,882

 

(11,890)

 

13,992

Total intangible assets, net

 

28,251

 

(13,348)

 

14,903

 

 

 

 

 

 

 

 

 

    

Gross

    

 

    

 

 

 

Carrying

 

Accumulated

 

 

At December 31, 2017

 

Amount

 

Amortization

 

Net

 

 

$

 

$

 

$

Technical know-how

 

2,334

 

(1,371)

 

963

Computer software

 

20,883

 

(10,860)

 

10,023

Total intangible assets, net

 

23,217

 

(12,231)

 

10,986

 

Amortization expense for the years ended December 31, 2016, 2017 and 2018 were $6,544,  $4,659 and $4,666, respectively.

Amortization expenses of the above intangible assets are expected to be approximately $4.0 million, $3.5 million, $3.0 million, $2.5 million and $1.9 million for the years ended December 31, 2019, 2020, 2021, 2022, 2023 and thereafter, respectively.