Annual report pursuant to Section 13 and 15(d)

Intangible Assets and Goodwill (Tables)

v3.20.1
Intangible Assets and Goodwill (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

As of December 31, 2018 and 2017, goodwill was $45,007, and the activity within those years was as follows:

 

    December 31  
    2018     2017  
             
Beginning balance   $ 45,007     $  
Acquisition           45,007  
Ending balance   $ 45,007     $ 45,007  

Schedule of Intangible Assets

The fair value of identifiable intangible assets consisted of the following at December 31, 2018:

 

    Weighted average
remaining useful
life (months)
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net
Carrying
Amount
 
Definite- Lived Intangibles                                
Trademarks and tradenames     63.7       2,749       665       2,084  
Customer relationships     63.7       22,743       5,497       17,246  
Contracts in progress           10,632       10,632        
Non-compete     39.7       548       186       362  
Total Intangible Assets           $ 36,672     $ 16,980     $ 19,692  

 

The fair value of identifiable intangible assets consisted of the following at December 31, 2017:

 

    Weighted average
remaining useful
life (months)
    Gross
Carrying
Amount
    Accumulated
Amortization
    Net
Carrying
Amount
 
Definite- Lived Intangibles                                
Trademarks and tradenames     75.7       2,749       272       2,477  
Customer relationships     75.7       22,743       2,247       20,496  
Contracts in progress     9.7       10,632       6,379       4,253  
Non-compete     51.7       548       78       470  
Total Intangible Assets           $ 36,672     $ 8,976     $ 27,696  

Schedule of Future Amortization Expenses

Expected future amortization expense consists of the following for each of the following years ended December 31:

 

2019   $ 3,751  
2020     3,751  
2021     3,751  
2022     3,675  
2023     3,642  
Thereafter     1,122  
Total   $ 19,692