XML 43 R12.htm IDEA: XBRL DOCUMENT v3.20.1
Supplementary Balance Sheet Information
12 Months Ended
Dec. 31, 2019
Supplementary Balance Sheet Disclosures [Abstract]  
Supplementary Balance Sheet Information
Supplementary Balance Sheet Information
The following tables show the Company’s consolidated balance sheet details as of December 31, 2019 and 2018 (in thousands):
 
 
December 31,
2019
 
December 31,
2018
Inventories:
 
 
 
 
Raw materials
 
$
4,309

 
$
2,419

Work-in-process
 
2,710

 
2,307

Finished goods
 
461

 
1,056

Total inventories
 
7,480

 
5,782

Less reserve for excess and obsolete inventories
 
(383
)
 
(380
)
Total inventories, net
 
$
7,097

 
$
5,402

 
 
December 31,
2019
 
December 31,
2018
Property and equipment, net:
 
 
 
 
Land
 
$
995

 
$
550

Buildings and Leasehold improvements
 
5,451

 
1,989

Machinery and equipment
 
53,199

 
52,409

Computer hardware and software
 
4,218

 
4,490

Total property and equipment
 
63,863

 
59,438

Accumulated depreciation
 
(41,725
)
 
(37,793
)
Total property and equipment, net
 
$
22,138

 
$
21,645

Depreciation expense for the years ended December 31, 2019 and 2018 was $6.3 million and $7.3 million, respectively. In April 2019, Digirad purchased three manufacturing facilities, including land, in Maine that manufacture modular buildings (two of which were purchased from KBS Builders, Inc., a wholly-owned subsidiary of ATRM (“KBS”)) for $5.2 million and leased those three properties to KBS. KBS subleased the manufacturing building located in Waterford, Maine to North Country Steel Inc., a Maine corporation with an initial 5 year term rental agreement, commenced on September 6, 2019. The rental agreement is structured with a monthly payment arrangement and is accounted for as operating lease. Refer to lease income discussed in Note 4. Revenue.
 
 
December 31, 2019
 
 
Weighted-Average Useful Life (years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Intangible Assets, Net
Intangible assets with finite useful lives:
 
 
 
 
 
 
 
 
Customer relationships
 
10.0
 
$
21,953

 
$
(5,746
)
 
$
16,207

Trademarks
 
13.6
 
8,594

 
(2,206
)
 
6,388

Patents
 
15.0
 
141

 
(138
)
 
3

Covenants not to compete
 
5.0
 
181

 
(174
)
 
7

Backlog
 
1.0
 
430

 
(132
)
 
298

Total intangible assets, net
 
 
 
$
31,299

 
$
(8,396
)
 
$
22,903

 
 
 
 
 
 
 
 
 
 
 
December 31, 2018
 
 
Weighted-Average Useful Life (years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Intangible Assets, Net
Intangible assets with finite useful lives:
 
 
 
 
 
 
 
 
Customer relationships
 
9.8
 
$
8,453

 
$
(4,751
)
 
$
3,702

Trademarks
 
6.0
 
3,055

 
(1,577
)
 
1,478

Patents
 
15.0
 
141

 
(136
)
 
5

Covenants not to compete
 
5.0
 
181

 
(138
)
 
43

Total intangible assets, net
 
 
 
$
11,830

 
$
(6,602
)
 
$
5,228

Amortization expense for intangible assets, net for the years ended December 31, 2019 and 2018 was $1.8 million, and $1.4 million respectively. Estimated amortization expense for intangible assets for 2020 is $3.1 million, for 2021 is $2.8 million, for 2022 is $2.2 million, for 2023 is $2.2 million, for 2024 is $2.2 million, and thereafter is $10.4 million.
 
 
December 31,
2019
 
December 31,
2018
Other current liabilities:
 
 
 
 
Professional fees
 
$
634

 
$
358

Sales and property taxes payable
 
1,183

 
324

Radiopharmaceuticals and consumable medical supplies
 
79

 
—

Current portion of finance lease obligation
 
934

 
786

Facilities and related costs
 
144

 
259

Outside services and consulting
 
213

 
135

Other accrued liabilities
 
1,451

 
403

Total other current liabilities
 
$
4,638

 
$
2,265