Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net (Tables)

v3.8.0.1
Intangible Assets, Net (Tables)
3 Months Ended
Mar. 31, 2018
Intangible Assets Net Excluding Goodwill [Abstract]  
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