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Intangibles
12 Months Ended
Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangibles

(8) Intangibles

Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. No impairment charges were recorded for the years ended December 31, 2017, 2016 and 2015.

Amortization of capitalized patent costs associated with the application and award of patents in the U.S. and various other countries are capitalized and amortized on a straight-line basis over the term of the patents as determined at the award date, which varies depending on the pendency period of the application, generally approximating seventeen years.

Amortization of intangible assets acquired is calculated using the straight-line method over the estimated useful lives of the assets.

 

 

 

Estimated Life

 

December 31,

 

 

December 31,

 

 

 

(years)

 

2017

 

 

2016

 

Capitalized patent costs

 

17-20

 

$

7,978

 

 

$

7,281

 

Intangible assets acquired:

 

 

 

 

 

 

 

 

 

 

Purchased patents and intellectual property

 

3-10

 

 

250

 

 

 

250

 

Existing technology

 

5

 

 

1,560

 

 

 

1,560

 

Customer relationships

 

7

 

 

290

 

 

 

290

 

Backlog

 

2

 

 

760

 

 

 

760

 

Tradenames

 

3

 

 

290

 

 

 

290

 

Non-solicitation agreements

 

1

 

 

120

 

 

 

120

 

Gross intangible assets

 

 

 

 

11,248

 

 

 

10,551

 

Accumulated amortization

 

 

 

 

(4,867

)

 

 

(4,129

)

Intangibles, net

 

 

 

$

6,381

 

 

$

6,422

 

 

Amortization expense on intangible assets was as follows:   

 

 

 

Year Ended

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Amortization expense

 

$

741

 

 

$

693

 

 

$

722

 

 

For intangible assets recorded at December 31, 2017, the estimated future aggregate amortization expense for the years ending December 31, 2018 through 2022 is approximately as follows:

 

 

 

Amortization

 

Year ending December 31:

 

Expense

 

2018

 

$

450

 

2019

 

 

436

 

2020

 

 

378

 

2021

 

 

314

 

2022

 

 

300