Note 5 - Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

Note 5 – Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill for the years ended December 31, 2020 and 2019 were as follows:

(in thousands)	Dec. 31, 2018		Goodwill acquired during 2019		Dec. 31, 2019		Goodwill acquired during 2020		Dec. 31, 2020
United States	$	123,883	$	-	$	123,883	$	-	$	123,883
Europe		4,239		-		4,239		-		4,239
Japan		630		-		630		-		630
Total goodwill	$	128,752	$	-	$	128,752	$	-	$	128,752

Intangible assets other than goodwill for the years ended December 31, 2020 and 2019 were as follows: 

	Year Ended December 31, 2020							Year Ended December 31, 2019								Weighted Average Useful Life
(in thousands)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net		Useful Life (in years)	Remaining (in years)
Intangible Assets with finite lives:
Marketing assets	$930		$(620		)	$310		$930		$(527		)	$403		10.0	3.3
Non-compete agreement	270		(238		)	32		270		(222		)	48		2.0 - 5.0	2.3
Software technology	13,229		(3,645		)	9,584		13,229		(2,275		)	10,954		10.0	7.3
Customer relationships	10,070		(5,646		)	4,424		10,070		(4,106		)	5,964		6.0 - 9.0	2.8
Total intangible assets	$	24,499	$	(10,149	)	$	14,350	$	25,829	$	(8,460	)	$	17,369

Amortization expense for intangible assets for the years ended December 31, 2020, 2019 and 2018 was $3.0 million, $3.5 million and $3.2 million, respectively.

Estimated aggregated amortization expense based on the current carrying value of the amortizable intangible assets is as follows:

(in thousands)	Estimated Amortization Expense
2021	$	3,016
2022		3,016
2023		2,813
2024		1,400
2025		1,369
Thereafter		2,736
Total estimated amortization expense	$	14,350