XML 40 R13.htm IDEA: XBRL DOCUMENT

Intangible Assets

9 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Note 6. 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.

	September 30, 2019
	Gross		Acc. Amort.			Net
Trade Names	$	980	$	(506	)	$	474
Notice of Acceptances (NOAs), product designs and other intellectual property		10,778		(6,046	)		4,732
Non-compete Agreement		165		(85	)		80
Customer Relationships		4,140		(2,291	)		1,849
Total	$	16,063	$	(8,928	)	$	7,135

	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 5.4 years.

During the nine months ended September 30, 2019 and 2018, the amortization expense amounted to $2,088 and $2,732, respectively, and was included within the general and administration expenses in our Condensed Consolidated Statement of Operations. Similarly, amortization expense for the three months ended September 30, 2019 and 2018 amounted to $603 and $956, respectively.

The estimated aggregate amortization expense for each of the five succeeding years as of September 30, 2019 is as follows:

Year ending	(in thousands)
2019	$	575
2020		2,163
2021		2,131
2022		1,257
2023		823
Thereafter		186
	$	7,135