Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net (Tables)

v3.21.1
Intangible Assets, Net (Tables)
3 Months Ended
Mar. 31, 2021
Intangible Assets Net Excluding Goodwill [Abstract]  
Summary of Intangible Assets

The following is a summary of intangible assets as of March 31, 2021 and December 31, 2020:

 

 

 

Customer
Relationships

 

 

Other
Intangible
Assets

 

 

Total

 

Cost

  

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2021

  

$

44,060

  

 

$

2,461

  

 

$

46,521

  

Balance, March 31, 2021

  

 

44,060

 

 

 

2,461

 

 

 

46,521

  

Useful lives

  

 

10-20 years

 

 

 

3-5 years

 

 

 

 

 

Accumulated amortization

  

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2021

  

 

(17,507

)

 

 

(2,461

)

 

 

(19,968

)

Amortization expense

  

 

(657

)

 

 

 

 

 

(657

)

Balance, March 31, 2021

  

 

(18,164

)

 

 

(2,461

)

 

 

(20,625

)

Net book value

  

$

25,896

 

 

$

 

 

$

25,896

  

Cost

  

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2020

  

$

44,060

  

 

$

2,467

  

 

$

46,527

  

Disposal

 

 

 

 

 

(6

)

 

 

(6

)

Balance, December 31, 2020

  

 

44,060

  

 

 

2,461

  

 

 

46,521

  

Useful lives

  

 

10-20 years

  

 

 

3-5 years

  

 

 

 

 

Accumulated amortization

  

 

 

 

 

 

 

 

 

 

 

 

Balance, January 1, 2020

  

 

(14,833

)

 

 

(2,408

)

 

 

(17,241

)

Amortization expense

  

 

(2,674

)

 

 

(59

)

 

 

(2,733

)

Disposal

 

 

 

 

 

6

 

 

 

6

 

Balance, December 31, 2020

 

 

(17,507

)

 

 

(2,461

)

 

 

(19,968

)

Net Book Value

  

$

26,553

 

 

$

 

 

$

26,553

 

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:

 

2021 (remainder of)

  

$

1,972

  

2022

  

 

2,575

  

2023

  

 

2,416

  

2024

  

 

2,289

  

2025

  

 

2,193

 

Thereafter

  

 

14,451

 

Total

  

$

25,896