Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Intangible Assets and Goodwill

The gross carrying value, accumulated amortization and net values of intangible assets and goodwill as of December 31, 2016 to September 30, 2017, were as follows:

As of September 30, 2017 (in thousands)	Weighted average amortization life in years	Gross carrying amount	Accumulated amortization	Net carrying amount
Amortized intangible assets:
AEC trade names	15	$43	$27	$16
AEC technology	15	228	142	86
Customer relationships	15	48,528	4,956	43,572
Customer contracts	6	18,211	5,114	13,097
Other intangibles	5	742	516	226
Total amortized intangible assets		$67,752	$10,755	$56,997
Unamortized intangible assets:
MC Goodwill		$70,280	$-	$70,280
AEC Goodwill		95,730	-	95,730
Total unamortized intangible assets:		$166,010	$-	$166,010

As of December 31, 2016 (in thousands)	Weighted average amortization life in years	Gross carrying amount	Accumulated amortization	Net carrying amount
Amortized intangible assets:
AEC trade names	15	$43	$23	$20
AEC technology	15	228	124	104
Customer relationships	15	49,490	2,481	47,009
Customer contracts	6	20,420	2,561	17,859
Other intangibles	5	1,720	258	1,462
Total amortized intangible assets		$71,901	$5,447	$66,454
Unamortized intangible assets:
MC Goodwill		$64,645	$-	$64,645
AEC Goodwill		95,730	-	95,730
Total unamortized intangible assets:		$160,375	$-	$160,375

The changes in intangible assets and goodwill from December 31, 2016 to September 30, 2017, were as follows:

(in thousands)	December 31, 2016	Amortization		Other Changes		Currency Translation	September 30, 2017
Amortized intangible assets:
AEC trade names	$20	$(4	)	$-		$-	$16
AEC technology	104	(18	)	0		-	86
Customer relationships	47,009	(2,475	)	(962	)	-	43,572
Customer contracts	17,859	(2,553	)	(2,209	)	-	13,097
Other intangibles	1,462	(258	)	(978	)	-	226
Total amortized intangible assets	$66,454	($5,308	)	($4,149	)	$-	$56,997
Unamortized intangible assets:
MC Goodwill	$64,645	$-				$5,635	$70,280
AEC Goodwill	95,730	-				-	95,730
Total unamortized intangible assets:	$160,375	$-		$-		$5,635	$166,010

Schedule of Estimated Amortization Expense

Estimated amortization expense of intangibles for the years ending December 31, 2017 through 2021, is as follows:

	Annual amortization
Year	(in thousands)
2017	$6,865
2018	6,232
2019	6,232
2020	6,232
2021	6,162