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Intangible Assets
3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 5. Intangible Assets

 

Intangible assets include Miami-Dade County Notices of Acceptances (NOA’s), which are certificates issued for approved products and required to market hurricane- resistant glass in Florida. Also, it includes the intangibles acquired from the acquisition of GM&P.

 

    March 31, 2019  
    Gross     Acc. Amort.     Net  
Trade Names   $ 980     $ (408 )   $ 572  
Notice of Acceptances (NOAs), product designs and other intellectual property     10,985       (5,577 )     5,408  
Non-compete Agreement     165       (69 )     96  
Contract Backlog     3,090       (3,090 )        
Customer Relationships     4,140       (1,848 )     2,292  
Total   $ 19,360     $ (10,992 )   $ 8,368  

 

    December 31, 2018  
    Gross     Acc. Amort.     Net  
Trade Names   $ 980     $ (359 )   $ 621  
Notice of Acceptances (NOAs), product designs and other intellectual property     10,881       (5,373 )     5,508  
Non-compete Agreement     165       (60 )     105  
Contract Backlog     3,090       (2,832 )     258  
Customer Relationships     4,140       (1,626 )     2,514  
Total   $ 19,256     $ (10,250 )   $ 9,006  

 

The weighted average amortization period is 4.9 years.

 

During the three months ended March 31, 2019 and 2018, the amortization expense amounted to $1,211and $885, respectively, and was included within the general and administration expenses in our Condensed Consolidated Statement of Operations.

 

The estimated aggregate amortization expense for each of the five succeeding years as of March 31, 2019 is as follows:

 

Year ending   (in thousands)  
2019   $ 1,775  
2020     2,202  
2021     2,172  
2022     1,291  
2023     720  
Thereafter     208  
    $ 8,368