| Summary of Intangible Assets |
The following is a summary of intangible assets as of March 31, 2019 and December 31, 2018:
|
|
|
Customer
Relationships
|
|
|
Other
Intangible
Assets
|
|
|
Total
|
|
|
Cost
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, January 1, 2019
|
|
$
|
22,560
|
|
|
$
|
2,467
|
|
|
$
|
25,027
|
|
|
Balance, March 31, 2019
|
|
|
22,560
|
|
|
|
2,467
|
|
|
|
25,027
|
|
|
Useful lives
|
|
|
10-20 years
|
|
|
|
3-5 years
|
|
|
|
|
|
|
Accumulated amortization
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, January 1, 2019
|
|
|
(12,887
|
)
|
|
|
(2,247
|
)
|
|
|
(15,134
|
)
|
|
Amortization expense
|
|
|
(308
|
)
|
|
|
(40
|
)
|
|
|
(348
|
)
|
|
Balance, March 31, 2019
|
|
|
(13,195
|
)
|
|
|
(2,287
|
)
|
|
|
(15,482
|
)
|
|
Net book value
|
|
$
|
9,365
|
|
|
$
|
180
|
|
|
$
|
9,545
|
|
|
Cost
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, January 1, 2018
|
|
$
|
22,560
|
|
|
$
|
2,467
|
|
|
$
|
25,027
|
|
|
Balance, December 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
|
|
|
(1,520
|
)
|
|
|
(165
|
)
|
|
|
(1,685
|
)
|
|
Balance, December 31, 2018
|
|
|
(12,887
|
)
|
|
|
(2,247
|
)
|
|
|
(15,134
|
)
|
|
Net Book Value
|
|
$
|
9,673
|
|
|
$
|
220
|
|
|
$
|
9,893
|
|
|
| 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:
|
2019 (remainder of)
|
|
$
|
1,042
|
|
|
2020
|
|
|
1,299
|
|
|
2021
|
|
|
1,196
|
|
|
2022
|
|
|
1,142
|
|
|
2023
|
|
|
983
|
|
|
Thereafter
|
|
|
3,883
|
|
|
Total
|
|
$
|
9,545
|
|
|