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Intangible Assets and Goodwill (Tables)
9 Months Ended
Sep. 30, 2019
Intangible Assets and Goodwill  
Schedule of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$'s in 000's

 

 

 

 

 

Useful Lives

 

 

 

September 30, 2019

 

December 31, 2018

Amortizable intangibles

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Distribution agreement

 

 

 

 

 

2 years

 

 

 

$

3,021

 

$

3,021

Certification

 

 

 

 

 

7 years

 

 

 

 

350

 

 

350

Customer relationships

 

 

 

 

 

12-20 years

 

 

 

 

89,159

 

 

82,124

Patents and processes

 

 

 

 

 

10 years

 

 

 

 

4,804

 

 

1,900

Brand names

 

 

 

 

 

10-15 years

 

 

 

 

14,963

 

 

10,470

Total amortizable intangibles

 

 

 

 

 

 

 

 

 

 

112,297

 

 

97,865

Less accumulated amortization

 

 

 

 

 

 

 

 

 

 

(14,131)

 

 

(9,835)

Total net amortizable intangibles

 

 

 

 

 

 

 

 

 

 

98,166

 

 

88,030

Non-amortizable intangibles

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and other

 

 

 

 

 

 

 

 

 

 

18,016

 

 

516

In-process research and development

 

 

 

 

 

 

 

 

 

 

5,539

 

 

 -

Intangible assets, net of accumulated amortization

 

 

 

 

 

 

 

 

 

$

121,721

 

$

88,546

 

Estimated future amortization expense

 

 

 

 

 

 

 

Years ending December 31,  ($'s in 000's)

 

 

 

 

 

 

Remainder of 2019

 

 

 

 

$

1,807

2020

 

 

 

 

 

8,974

2021

 

 

 

 

 

8,962

2022

 

 

 

 

 

9,151

2023

 

 

 

 

 

8,793

Thereafter

 

 

 

 

 

60,479

 

Schedule of Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

Reporting Unit

 

 

 

($'s in 000's)

 

Products

 

Services

 

Total

Goodwill as of January 1, 2018

 

$

5,064

 

$

 —

 

$

5,064

Foreign currency translation

 

 

(285)

 

 

 —

 

 

(285)

Acquisitions

 

 

72,986

 

 

47,264

 

 

120,250

Goodwill as of December 31, 2018

 

 

77,765

 

 

47,264

 

 

125,029

Foreign currency translation

 

 

(134)

 

 

 —

 

 

(134)

Acquisitions

 

 

106,869

 

 

 —

 

 

106,869

Goodwill as of September 30, 2019

 

$

184,500

 

$

47,264

 

$

231,764