Note 4 - Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

Note

4

- Goodwill and Other Intangible Assets

On

November 30, 2017,

the Company acquired all of the outstanding equity interests of O-Tex Holdings, Inc., and its operating subsidiaries (“O-Tex”). See Note

8

- Acquisitions for further discussion on the O-Tex acquisition. As of

June 

30,

2018,

all of the goodwill reported on the Company's consolidated balance sheet is related to the O-Tex acquisition, which was allocated to the Company's WC&I reporting unit.

The change in the carrying amounts of other intangible assets as of the

June 30, 2018

is presented as follows (in thousands):

	WC&I
December 31, 2017		147,515
Purchase price adjustment		(1,500	)
June 30, 2018		146,015

Definite-Lived Intangible Assets

The Company reviews definite-lived intangible assets, along with PP&E, for impairment when a triggering event indicates that the asset

may

have a net book value in excess of recoverable value.

The change in the carrying amounts of other intangible assets as of the

June 30, 2018

is presented as follows (in thousands):

	Amortization Period (years)			December 31, 2017			Amortization Expense			June 30, 2018
Customer relationships	8	-	15	$	58,100		$	—		$	58,100
Trade name	10	-	15		68,300			—			68,300
Non-compete	4	-	5		1,600			—			1,600
					128,000			—			128,000
Less: accumulated amortization					(4,163	)		(4,392	)		(8,555	)
Intangible assets, net				$	123,837		$	(4,392	)	$	119,445