Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.19.3
Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Acquired Intangible Assets

The following is a summary of the Company’s acquired intangible assets (dollars in thousands):

 

 

Weighted

Average

Amortization

Period (years)

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Intangibles, Net

 

September 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

10

 

 

$

4,830

 

 

$

1,599

 

 

$

3,231

 

Developed technologies

 

 

9

 

 

 

1,080

 

 

 

374

 

 

 

706

 

Tradename

 

 

3

 

 

 

120

 

 

 

96

 

 

 

24

 

Total intangible assets, net

 

 

 

 

 

$

6,030

 

 

$

2,069

 

 

$

3,961

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

10

 

 

$

4,830

 

 

$

1,237

 

 

$

3,593

 

Developed technologies

 

 

9

 

 

 

1,080

 

 

 

274

 

 

 

806

 

Tradename

 

 

3

 

 

 

120

 

 

 

67

 

 

 

53

 

Total intangible assets, net

 

 

 

 

 

$

6,030

 

 

$

1,578

 

 

$

4,452

 

Schedule of Estimated Annual Amortization of Intangible Assets

The estimated annual amortization of intangible assets for the next five years and thereafter is shown

in the following table (in thousands):

 

 

Estimated Future Amortization

 

2019 (remaining three months)

 

$

164

 

2020

 

 

628

 

2021

 

 

598

 

2022

 

 

563

 

2023

 

 

563

 

Thereafter

 

 

1,445

 

Total

 

$

3,961