| Summary of Intangible Assets |
The following is a summary of intangible assets as of March 31, 2018 and December 31, 2017:
|
|
|
Customer
Relationships
|
|
|
Other
Intangible
Assets
|
|
|
Total
|
|
|
Cost
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, January 1, 2018
|
|
$
|
22,560
|
|
|
$
|
2,467
|
|
|
$
|
25,027
|
|
|
Balance, March 31, 2018
|
|
|
22,560
|
|
|
|
2,467
|
|
|
|
25,027
|
|
|
Useful lives
|
|
|
10-20 years
|
|
|
|
3-5 years
|
|
|
|
|
|
|
Accumulated amortization
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, January 1, 2018
|
|
|
(11,367
|
)
|
|
|
(2,082
|
)
|
|
|
(13,449
|
)
|
|
Amortization expense
|
|
|
(380
|
)
|
|
|
(45
|
)
|
|
|
(425
|
)
|
|
Balance, March 31, 2018
|
|
|
(11,747
|
)
|
|
|
(2,127
|
)
|
|
|
(13,874
|
)
|
|
Net book value
|
|
$
|
10,813
|
|
|
$
|
340
|
|
|
$
|
11,153
|
|
|
Cost
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, January 1, 2017
|
|
$
|
22,560
|
|
|
$
|
2,467
|
|
|
$
|
25,027
|
|
|
Balance, December 31, 2017
|
|
|
22,560
|
|
|
|
2,467
|
|
|
|
25,027
|
|
|
Useful lives
|
|
|
10-20 years
|
|
|
|
3-5 years
|
|
|
|
|
|
|
Accumulated amortization
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, January 1, 2017
|
|
|
(9,721
|
)
|
|
|
(1,902
|
)
|
|
|
(11,623
|
)
|
|
Amortization expense
|
|
|
(1,646
|
)
|
|
|
(180
|
)
|
|
|
(1,826
|
)
|
|
Balance, December 31, 2017
|
|
|
(11,367
|
)
|
|
|
(2,082
|
)
|
|
|
(13,449
|
)
|
|
Net Book Value
|
|
$
|
11,193
|
|
|
$
|
385
|
|
|
$
|
11,578
|
|
|
| Schedule of Future Amortization Related to Intangible Assets |
Amortization related to the Company’s finite life intangible assets is scheduled to be expensed over the next five years and thereafter as follows:
|
2018 (remainder of)
|
|
$
|
1,260
|
|
|
2019
|
|
|
1,390
|
|
|
2020
|
|
|
1,299
|
|
|
2021
|
|
|
1,196
|
|
|
2022
|
|
|
1,142
|
|
|
Thereafter
|
|
|
4,866
|
|
|
Total
|
|
$
|
11,153
|
|
|