Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2018 and December 31, 2017, were as follows:

As of September 30, 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	($128)	$12
AEC technology	15	370	(308)	62
Customer relationships	15	48,421	(8,076)	40,345
Customer contracts	6	17,471	(7,287)	10,184
Other intangibles	5	322	(160)	162
Net amortized intangible assets		$66,724	($15,959)	$50,765
Unamortized intangible assets:
MC Goodwill		$69,373	$-	$69,373
AEC Goodwill		95,730	-	95,730
Total unamortized intangible assets:		$165,103	$-	$165,103

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 September 30, 2018, were as follows:

(in thousands)	December 31,2017	Amortization	Currency Translation	September 30,2018
Amortized intangible assets:
AEC trade names	$15	($3)	$-	$12
AEC technology	80	(18)	-	62
Customer relationships	42,767	(2,422)	-	40,345
Customer contracts	12,369	(2,185)	-	10,184
Other intangibles	210	(48)	-	162
Net amortized intangible assets	$55,441	($4,676)	$-	$50,765
Unamortized intangible assets:
MC Goodwill	$71,066	$-	($1,693)	$69,373
AEC Goodwill	95,730	-	-	95,730
Total unamortized intangible assets:	$166,796	$-	($1,693)	$165,103

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