XML 29 R16.htm IDEA: XBRL DOCUMENT v3.6.0.2
Intangible Assets
 12 Months Ended
Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

NOTE 8. INTANGIBLE ASSETS

Intangible assets consist of the following:

 

(dollar amounts in thousands)

 

Estimated

useful life

 

 

December 31,

 

 

 

(In years)

 

 

2016

 

 

2015

 

Trade name

 

Indefinite

 

 

$

5,700

 

 

$

5,700

 

Customer relationships

 

 

11

 

 

 

9,611

 

 

 

9,611

 

 

 

 

 

 

 

 

15,311

 

 

 

15,311

 

Less accumulated amortization

 

 

 

 

 

 

(6,716

)

 

 

(5,846

)

 

 

 

 

 

 

$

8,595

 

 

$

9,465

 

 

Intangible assets with finite useful lives are amortized over their respective useful lives.  Amortization expense for the years ended December 31, 2016, 2015 and 2014 were $0.9 million, $0.9 million and $0.8 million, respectively.  Based on the carrying values at December 31, 2016 and assuming no subsequent impairment of the underlying assets, the annual amortization is expected to be $0.9 million in 2017 through 2019 and $0.2 million in 2020.