XML 24 R13.htm IDEA: XBRL DOCUMENT v3.10.0.1
Intangible Assets
 9 Months Ended
Sep. 30, 2018
Intangible Assets [Abstract]  
Intangible Assets

(6)  Intangible Assets



The Company amortizes intangible assets on a straight line-basis over their estimated useful lives as follows:





 

Trademarks and tradenames

                 2-3 years

Customer relationships

5-8 years



The Company’s intangible assets as of September 30, 2018 and December 31, 2017 were as follows (in thousands):







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

Gross Carrying Amount

 

Accumulated Amortization

 

Net Carrying Amount

September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and tradenames

 

 

 

 

$

 1,786 

 

$

 (1,739)

 

$

 47 

Customer relationships

 

 

 

 

 

 9,344 

 

 

 (3,207)

 

 

 6,137 



 

 

 

 

$

 11,130 

 

$

 (4,946)

 

$

 6,184 

December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and tradenames

 

 

 

 

$

 1,786 

 

$

 (1,411)

 

$

 375 

Customer relationships

 

 

 

 

 

 9,344 

 

 

 (1,996)

 

 

 7,348 



 

 

 

 

$

 11,130 

 

$

 (3,407)

 

$

 7,723 



Amortization expense was $0.5 million and $0.4 million for the three months ended September 30, 2018 and 2017, respectively, and $1.5 million for both the nine months ended September 30, 2018 and 2017, and was included in administrative expenses in the consolidated statements of income.



As of September 30, 2018, estimated future amortization expenses are as follows (in thousands):







 

 

 

 

 

 

 

 

 

 

 

 

2019

 

 

 

 

 

 

 

 

 

 

$

 1,654 

2020

 

 

 

 

 

 

 

 

 

 

 

 1,609 

2021

 

 

 

 

 

 

 

 

 

 

 

 1,609 

2022

 

 

 

 

 

 

 

 

 

 

 

 666 

2023

 

 

 

 

 

 

 

 

 

 

 

 475 

2024 and thereafter

 

 

 

 

 

 

 

 

 

 

 

 171 



 

 

 

 

 

 

 

 

 

 

$

 6,184