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Note 5 - Goodwill and Other Intangible Assets
3 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]
Note
5
– Goodwill and Other Intangible Assets
 
The changes in the carrying amount of goodwill during the
three
months ended
March 31, 2018
were as follows: 
 
       
(in thousands)
 
Three Months Ended
March 31, 2018
 
Balance as of the beginning of the period
  $
128,504
 
Additions to goodwill during the period
   
248
 
Balance as of the end of the period
  $
128,752
 
         
 
The Company adjusted goodwill by 
$0.2
million during the
three
months ended
March 31, 2018
as a result of the final working capital adjustment for the acquisition of RAPID in
November 2017.
 
Intangible Assets other than goodwill at
March 31, 2018
and
December 31, 2017
were as follows:
 

 
                         
   
March 31, 2018
   
December 31, 2017
   
Useful
   
Weighted Average Useful Life
 
(in thousands)
 
Gross
   
Accumulated Amortization
   
Net
   
Gross
   
Accumulated Amortization
   
Net
 
 
  Life (in
years)
 
 
  Remaining
(in years)
 
Intangible Assets with finite lives:
                                                                 
Marketing assets
  $
930
    $
(364
)   $
566
    $
930
    $
(341
)   $
589
   
 
10.0
 
     
6.0
 
Non-compete agreement
   
270
     
(194
)    
76
     
270
     
(190
)    
80
   
 2.0
-
5.0
     
4.8
 
Trade secrets
   
250
     
(196
)    
54
     
250
     
(183
)    
67
   
 
5.0
 
     
1.0
 
Trade names
   
1,080
     
(135
)    
945
     
1,080
     
-
     
1,080
   
 
2.0
 
     
1.8
 
Internally developed software
   
680
     
(680
)    
-
     
680
     
(680
)    
-
   
 
3.0
 
     
0.0
 
Software technology
   
9,229
     
(206
)    
9,023
     
8,229
     
-
     
8,229
   
 
10.0
 
     
9.8
 
Customer relationships
   
10,070
     
(1,415
)    
8,655
     
10,070
     
(1,031
)    
9,039
   
 6.0
-
9.0
     
5.6
 
Total intangible assets
  $
22,509
    $
(3,190
)   $
19,319
    $
21,509
    $
(2,425
)   $
19,084
   
 
 
 
     
 
 
                                                                   
 

 
Amortization expense for intangible assets was
$0.8
million and
$0.2
million for the
three
months ended
March 31, 2018
and
2017,
respectively.
 
Estimated aggregated amortization expense based on the current carrying value of the amortizable intangible assets is as follows:
 

 
       
(in thousands)
 
Estimated
Amortization
Expense
 
Remaining 2018
  $
2,379
 
2019
   
3,128
 
2020
   
2,571
 
2021
   
2,571
 
2022
   
2,571
 
Thereafter
   
6,099
 
Total estimated amortization expense
  $
19,319