XML 24 R14.htm IDEA: XBRL DOCUMENT v3.8.0.1
Intangible Assets
9 Months Ended
Sep. 30, 2017
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets

8. INTANGIBLE ASSETS:


Intangible assets consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2017

 

December 31, 2016

(In thousands)

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net

Patents

 

$

2,673

 

 

$

(2,433

)

 

$

240

 

 

$

2,567

 

 

$

(2,351

)

 

$

216

 

Software

 

206

 

 

(104

)

 

102

 

 

206

 

 

(82

)

 

124

 

Marketing assets and customer relationships

 

101

 

 

(42

)

 

59

 

 

101

 

 

(33

)

 

68

 

Non-compete agreements

 

101

 

 

(89

)

 

12

 

 

101

 

 

(71

)

 

30

 

 

 

$

3,081

 

 

$

(2,668

)

 

$

413

 

 

$

2,975

 

 

$

(2,537

)

 

$

438

 

 

Amortization expense in the three and nine months ended September 30, 2017 and 2016 is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

(In thousands)

 

2017

 

2016

 

2017

 

2016

Patents

 

 $

31

 

 

$

27

 

 

$

82

 

 

$

79

 

Software

 

 

6

 

 

 

7

 

 

22

 

 

22

 

Marketing assets and customer relationships

 

 

3

 

 

 

3

 

 

9

 

 

9

 

Non-compete agreements

 

 

5

 

 

 

6

 

 

18

 

 

19

 

 

 

$

45

 

 

$

43

 

 

$

131

 

 

$

129

 


Amortization of patents has been classified as research and development expense in our statements of operations. Estimated aggregate amortization expense based on current intangibles for the next five years is expected to be as follows: $46,000 for the remainder of 2017; $142,000 in 2018; $109,000 in 2019; $76,000 in 2020; $20,000 in 2021; and $20,000 in 2022.


Intangible and other long lived assets are reviewed for impairment when events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. An impairment loss would be recognized when future undiscounted cash flows expected to result from use of the asset and its eventual disposition are less than the carrying amount.