Annual report pursuant to Section 13 and 15(d)

Intangible Assets

v3.19.3.a.u2
Intangible Assets
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Note 5 - Intangible Assets
Intangible assets consist of the following:
 
 
 
Successor
 
 
 
Balance at December 31, 2019
Dollars in thousands
Estimated Useful Life (Years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Customer relationships
3
 
$
16,300

 
$
(4,075
)
 
$
12,225

Trade names
5
 
1,500

 
(225
)
 
1,275

Developed technology
6
 
200

 
(25
)
 
175

Total intangible assets
 
 
$
18,000

 
$
(4,325
)
 
$
13,675

Amortization expense related to intangible assets is presented below:
 
Successor
 
 
Predecessor
 
Nine Months Ended December 31,
 
 
Three Months Ended March 31,
 
Year Ended December 31,
Dollars in thousands
2019
 
 
2019
 
2018
Amortization expense
$
4,325

 
 
$
577

 
$
2,306


Our remaining intangibles amortization expense for the next five years is presented below:
Dollars in thousands
Expected future intangible amortization expense
2020
$
5,766

2021
$
5,766

2022
$
1,693

2023
$
333

Beyond 2023
$
117