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Note 4 - Intangible Assets
Intangible Assets consist of the following:
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Successor |
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Balance at June 30, 2019 |
Dollars in thousands |
Estimated Useful Life (Years) |
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Gross Carrying Amount |
|
Accumulated Amortization |
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Net Carrying Amount |
Customer relationships |
3 |
|
$ |
16,300 |
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|
$ |
(1,359 |
) |
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$ |
14,941 |
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Trade names |
5 |
|
1,500 |
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|
(75 |
) |
|
1,425 |
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Developed technology |
6 |
|
200 |
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|
(8 |
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|
192 |
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Total amortized intangible assets |
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|
$ |
18,000 |
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$ |
(1,442 |
) |
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$ |
16,558 |
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Amortization expense related to intangible assets is presented below:
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Successor |
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Predecessor |
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Three Months Ended June 30, |
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Three Months Ended March 31, |
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Six Months Ended June 30, |
Dollars in thousands |
2019 |
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2019 |
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2018 |
Intangibles amortization expense |
$ |
1,442 |
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|
$ |
577 |
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|
$ |
1,153 |
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Our remaining intangibles amortization expense for the next five years is presented below:
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Dollars in thousands |
Expected future intangible amortization expense |
2019 |
$ |
2,883 |
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2020 |
$ |
5,767 |
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2021 |
$ |
5,767 |
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2022 |
$ |
1,691 |
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Beyond 2022 |
$ |
450 |
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