Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Intangible Assets and Goodwill

We are continuing to amortize certain patents, trade names, customer relationships, customer contracts and technology assets that have finite lives. The gross carrying value, accumulated amortization and net values of intangible assets and goodwill as of March 31, 2020 and December 31, 2019, were as follows:

As of March 31, 2020 (in thousands)	Weighted average amortization life in years	Gross carrying amount	Accumulated amortization	Net carrying amount
Amortized intangible assets:
AEC Trademarks and trade names	6-15	$208	$(139)	$69
AEC Technology	10-15	6,142	(537)	5,605
AEC Intellectual property	15	1,250	(28)	1,222
AEC Customer contracts	6	17,471	(11,655)	5,816
AEC Customer relationships	8-15	51,556	(13,010)	38,546
AEC Other intangibles	5	322	(257)	65
Total amortized intangible assets		$76,949	$(25,626)	$51,323
Unamortized intangible assets:
MC Goodwill		$66,679	$-	$66,679
AEC Goodwill		112,687	-	112,687
Total unamortized intangible assets:		$179,366	$-	$179,366

As of December 31, 2019 (in thousands)	Weighted average amortization life in years	Gross carrying amount	Accumulated amortization	Net carrying amount
Amortized intangible assets:
AEC Trademarks and trade names	6-15	$208	$(135)	$73
AEC Technology	10-15	6,191	(387)	5,804
AEC Intellectual property	15	1,250	(7)	1,243
AEC Customer contracts	6	17,471	(10,927)	6,544
AEC Customer relationships	8-15	51,255	(12,108)	39,147
AEC Other intangibles	5	322	(241)	81
Total amortized intangible assets		$76,697	$(23,805)	$52,892
Unamortized intangible assets:
MC Goodwill		$67,672	$-	$67,672
AEC Goodwill		113,262	-	113,262
Total unamortized intangible assets:		$180,934	$-	$180,934

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The changes in intangible assets, net and goodwill from December 31, 2019 to March 31, 2020, were as follows:

(in thousands)	December 31, 2019	Other Changes	Amortization	Currency Translation	March 31, 2020
Amortized intangible assets:
AEC Trademarks and trade names	$73	$-	$(4)	$-	$69
AEC Technology	5,804	-	(150)	(49)	5,605
AEC Intellectual property	1,243	-	(21)	-	1,222
AEC Customer contracts	6,544	-	(728)	-	5,816
AEC Customer relationships	39,147	329	(871)	(59)	38,546
AEC Other intangibles	81	-	(16)	-	65
Total amortized intangible assets	$52,892	$329	$(1,790)	$(108)	$51,323
Unamortized intangible assets:
MC Goodwill	$67,672	$-	$-	$(993)	$66,679
AEC Goodwill	113,262	(227)	-	(348)	112,687
Total unamortized intangible assets:	$180,934	$(227)	$-	$(1,341)	$179,366

Schedule of Estimated Amortization Expense

Estimated amortization expense of intangibles for the years ending December 31, 2020 through 2024, is as follows:

Year	Annual amortization (in thousands)
2020	$7,200
2021	7,100
2022	4,900
2023	4,200
2024	4,200