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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 September 30, 2019 |
Dollars in thousands |
Estimated Useful Life (Years) |
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Gross Carrying Amount |
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Accumulated Amortization |
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Net Carrying Amount |
Customer relationships |
3 |
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$ |
16,300 |
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$ |
(2,716 |
) |
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$ |
13,584 |
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Trade names |
5 |
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1,500 |
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(150 |
) |
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1,350 |
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Developed technology |
6 |
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200 |
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(17 |
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183 |
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Total amortized intangible assets |
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$ |
18,000 |
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$ |
(2,883 |
) |
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$ |
15,117 |
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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 September 30, |
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Three Months Ended September 30, |
Dollars in thousands |
2019 |
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2018 |
Intangibles amortization expense |
$ |
1,442 |
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$ |
577 |
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Successor |
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Predecessor |
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Six Months Ended September 30, |
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Three Months Ended March 31, |
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Nine Months Ended September 30, |
Dollars in thousands |
2019 |
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2019 |
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2018 |
Intangibles amortization expense |
$ |
2,883 |
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$ |
577 |
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$ |
1,730 |
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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 |
$ |
1,442 |
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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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