Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2018

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, 2017 and March 31, 2018, were as follows:

As of March 31, 2018 (in thousands)	Weighted average amortization life in years	Gross carrying amount	Accumulated amortization		Net carrying amount
Amortized intangible assets:
AEC trade names	15	$140	($126	)	$14
AEC technology	15	370	(296	)	74
Customer relationships	15	48,421	(6,462	)	41,959
Customer contracts	6	17,471	(5,830	)	11,641
Other intangibles	5	322	(129	)	193
Net amortized intangible assets		$66,724	($12,843	)	$53,881
Unamortized intangible assets:
MC Goodwill		$72,581	$-		$72,581
AEC Goodwill		95,730	-		95,730
Total unamortized intangible assets:		$168,311	$-		$168,311

As of December 31, 2017 (in thousands)	Weighted average amortization life in years	Gross carrying amount	Accumulated amortization		Net carrying amount
Amortized intangible assets:
AEC trade names	15	$140	($125	)	$15
AEC technology	15	370	(290	)	80
Customer relationships	15	48,421	(5,654	)	42,767
Customer contracts	6	17,471	(5,102	)	12,369
Other intangibles	5	322	(112	)	210
Net amortized intangible assets		$66,724	($11,283	)	$55,441
Unamortized intangible assets:
MC Goodwill		$71,066	$-		$71,066
AEC Goodwill		95,730	-		95,730
Total unamortized intangible assets:		$166,796	$-		$166,796

The changes in intangible assets, net and goodwill from December 31, 2017 to March 31, 2018, were as follows:

(in thousands)	December 31, 2017	Amortization		Currency Translation	March 31, 2018
Amortized intangible assets:
AEC trade names	$15	$(1	)	$-	$14
AEC technology	80	(6	)	-	74
Customer relationships	42,767	(808	)	-	41,959
Customer contracts	12,369	(728	)	-	11,641
Other intangibles	210	(17	)	-	193
Net amortized intangible assets	$55,441	($1,560	)	$-	$53,881
Unamortized intangible assets:
MC Goodwill	$71,066	$-		$1,515	$72,581
AEC Goodwill	95,730	-		-	95,730
Total unamortized intangible assets:	$166,796	$-		$1,515	$168,311

Schedule of Estimated Amortization Expense

Estimated amortization expense of intangibles for the years ending December 31, 2018 through 2022, is as follows:

	Annual amortization
Year	(in thousands)
2018	$6,234
2019	6,234
2020	6,234
2021	6,163
2022	3,949