Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets

NOTE 6 – INTANGIBLE ASSETS:

	2019			2018
Customer relationships	$	5,995		$	6,234
Developed technology		4,157			4,322
Trade name		2,355			2,497
		12,507			13,053
Accumulated amortization		(4,882	)		(3,828	)
Intangible assets, net	$	7,625		$	9,225

The trade name is an indefinite-lived asset and, accordingly, is not subject to amortization. The fluctuation between the years is due to changes in foreign currency exchange rates. The following summarizes changes in intangible assets for the years ended December 31:

	2019			2018
Balance at the beginning of the year	$	9,225		$	11,021
Changes in intangible assets		(292	)		(177	)
Amortization of intangible assets		(1,144	)		(1,221	)
Other, primarily impact from changes in foreign currency    exchange rates		(164	)		(398	)
Balance at the end of the year	$	7,625		$	9,225

Changes in intangible assets for 2019 and 2018 represent the intangible assets of ANR and Vertical Seal, respectively. Identifiable intangible assets are expected to be amortized over a weighted average period of approximately 12 years or $1,137 for 2020, $497 for 2021, $369 for 2022, $369 for 2023, $369 for 2024 and $2,529 thereafter.