Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.19.2
Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets
Intangible Assets consist of the following:
 
 
 
Successor
 
 
 
Balance at June 30, 2019
Dollars in thousands
Estimated Useful Life (Years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Customer relationships
3
 
$
16,300

 
$
(1,359
)
 
$
14,941

Trade names
5
 
1,500

 
(75
)
 
1,425

Developed technology
6
 
200

 
(8
)
 
192

Total amortized intangible assets
 
 
$
18,000

 
$
(1,442
)
 
$
16,558


Amortization expense related to intangible assets is presented below:
 
Successor
 
 
Predecessor
 
Three Months Ended June 30,
 
 
Three Months Ended March 31,
 
Six Months Ended June 30,
Dollars in thousands
2019
 
 
2019
 
2018
Intangibles amortization expense
$
1,442

 
 
$
577

 
$
1,153


Schedule of Intangible Assets, Future Amortization Expense
Our remaining intangibles amortization expense for the next five years is presented below:
Dollars in thousands
Expected future intangible amortization expense
2019
$
2,883

2020
$
5,767

2021
$
5,767

2022
$
1,691

Beyond 2022
$
450