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Intangible Assets and Goodwill (Tables)
3 Months Ended
Mar. 31, 2020
Intangible Assets and Goodwill  
Schedule of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$'s in 000's

 

 

 

 

 

Useful Lives

 

 

 

March 31, 2020

 

December 31, 2019

Amortizable intangibles

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certification

 

 

 

 

 

7 years

 

 

 

$

350

 

$

350

Customer relationships

 

 

 

 

 

12-20 years

 

 

 

 

89,170

 

 

89,232

Patents and processes

 

 

 

 

 

5-10 years

 

 

 

 

4,828

 

 

4,928

Brand names

 

 

 

 

 

5-15 years

 

 

 

 

14,971

 

 

15,019

Total amortizable intangibles

 

 

 

 

 

 

 

 

 

 

109,319

 

 

109,529

Less accumulated amortization

 

 

 

 

 

 

 

 

 

 

(15,184)

 

 

(13,058)

Total net amortizable intangibles

 

 

 

 

 

 

 

 

 

 

94,135

 

 

96,471

Non-amortizable intangibles

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and other

 

 

 

 

 

 

 

 

 

 

18,016

 

 

18,016

In-process research and development

 

 

 

 

 

 

 

 

 

 

5,470

 

 

5,469

Intangible assets, net of accumulated amortization

 

 

 

 

 

 

 

 

 

$

117,621

 

$

119,956

 

Estimated future amortization expense

 

 

 

 

 

 

 

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

 

 

 

 

 

 

Remainder of 2020

 

 

 

 

$

6,708

2021

 

 

 

 

 

8,941

2022

 

 

 

 

 

9,154

2023

 

 

 

 

 

8,796

2024

 

 

 

 

 

6,788

Thereafter

 

 

 

 

 

53,748

 

Schedule of Goodwill

 

 

 

 

 

 

 

 

 

 

 

 

Reporting Unit

 

 

 

($'s in 000's)

 

Products

 

Services

 

Total

Goodwill as of January 1, 2019

 

 

77,765

 

 

47,264

 

 

125,029

Foreign currency translation

 

 

178

 

 

 —

 

 

178

Acquisitions

 

 

105,838

 

 

 —

 

 

105,838

Goodwill as of December 31, 2019

 

 

183,781

 

 

47,264

 

 

231,045

Foreign currency translation

 

 

(343)

 

 

 —

 

 

(343)

Goodwill as of March 31, 2020

 

$

183,438

 

$

47,264

 

$

230,702