Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Identifiable Intangible Assets (Tables)

v3.10.0.1
Goodwill and Other Identifiable Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill for the years ended December 31, 2018 and 2017 were as follows:

 

(amounts in thousands)

 

 

 

 

Balance as of December 31, 2016

 

$

 

Acquisition

 

 

2,154

 

Translation adjustment

 

 

209

 

Balance as of December 31, 2017

 

$

2,363

 

Translation adjustment

 

 

(106

)

Balance as of December 31, 2018

 

$

2,257

 

 

Summary of Intangible Assets

The following tables represent the changes in net carrying values of the intangibles as of the respective dates:

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

estimated

 

Gross

 

 

 

 

 

 

 

 

 

(amounts in thousands)

 

useful lives

 

carrying

 

 

Accumulated

 

 

 

 

 

December 31, 2018

 

(in years)

 

amount

 

 

amortization

 

 

Net amount

 

Licenses

 

10

 

$

185

 

 

$

155

 

 

$

30

 

Patents and websites

 

5

 

 

4,164

 

 

 

1,640

 

 

 

2,524

 

Customer relationships

 

4

 

 

1,373

 

 

 

572

 

 

 

801

 

Non-compete agreement

 

2.3

 

 

229

 

 

 

154

 

 

 

75

 

Commercials

 

2-3

 

 

633

 

 

 

308

 

 

 

325

 

Total

 

 

 

$

6,584

 

 

$

2,829

 

 

$

3,755

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

estimated

 

Gross

 

 

 

 

 

 

 

 

 

(amounts in thousands)

 

useful lives

 

carrying

 

 

Accumulated

 

 

 

 

 

December 31, 2017

 

(in years)

 

amount

 

 

amortization

 

 

Net amount

 

Licenses

 

10

 

$

185

 

 

$

137

 

 

$

48

 

Patents and websites

 

5

 

 

4,173

 

 

 

959

 

 

 

3,214

 

Customer relationships

 

4

 

 

1,437

 

 

 

240

 

 

 

1,197

 

Non-compete agreement

 

3

 

 

240

 

 

 

52

 

 

 

188

 

Commercials

 

2-3

 

 

303

 

 

 

233

 

 

 

70

 

Total

 

 

 

$

6,338

 

 

$

1,621

 

 

$

4,717

 

Schedule of Annual Estimated Amortization Expense

 

Annual estimated amortization expense for each of the succeeding fiscal years is as follows:

 

 

 

 

 

 

(amounts in thousands)

 

Intangible

 

Years ending December 31,

 

amortization

 

2019

 

$

1,234

 

2020

 

 

1,132

 

2021

 

 

844

 

2022

 

 

545

 

2023

 

 

 

Thereafter

 

 

 

Total

 

$

3,755