XML 20 R10.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 5 - Goodwill and Other Intangible Assets
9 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]
 
Note
5
– Goodwill and Other Intangible Assets
 
There were
no
changes in the carrying amount of Goodwill during the
three
months ended
September 30, 2018.
The changes in the carrying amount of goodwill during the
nine
months ended
September 30, 2018
were as follows: 
 

  
(in thousands)
 
Nine Months Ended September 30, 2018
 
Balance as of the beginning of the period
  $
128,504
 
Goodwill acquired during the period
   
248
 
Balance as of the end of the period
  $
128,752
 
 

 
The Company adjusted goodwill by 
$0.2
million during the
nine
months ended
September 30, 2018
as a result of the final working capital adjustment for the acquisition of RAPID in
November 2017.
 
Intangible Assets other than goodwill at
September 30, 2018
and
December 31, 2017
were as follows:
 

 
   
September 30, 2018
   
December 31, 2017
   
Useful
   
Weighted Average
 
(in thousands)
 
Gross
   
Accumulated Amortization
   
Net
   
Gross
   
Accumulated Amortization
   
Net
   
Life
(in years)
   
Useful Life
Remaining (in years)
 
Intangible Assets with finite lives:
                                                           
Marketing assets
  $
930
    $
(411
)   $
519
    $
930
    $
(341
)   $
589
   
10.0
   
5.5
 
Non-compete agreement
   
270
     
(202
)    
68
     
270
     
(190
)    
80
   
2.0 - 5.0
   
4.3
 
Trade secrets
   
250
     
(221
)    
29
     
250
     
(183
)    
67
   
5.0
   
0.5
 
Trade names
   
1,080
     
(405
)    
675
     
1,080
     
-
     
1,080
   
2.0
   
1.3
 
Software technology
   
11,229
     
(694
)    
10,535
     
8,229
     
-
     
8,229
   
10.0
   
9.3
 
Customer relationships
   
10,070
     
(2,183
)    
7,887
     
10,070
     
(1,031
)    
9,039
   
6.0 - 9.0
   
5.1
 
Total intangible assets   $
23,829
    $
(4,116
)   $
19,713
    $
20,829
    $
(1,745
)   $
19,084
   
 
   
 
 
 

 
Amortization expense for intangible assets was
$0.8
million and
$0.1
million for the
three
months ended
September 30, 2018
and
2017,
respectively, and
$2.4
million and
$0.4
million for the
nine
months ended
September 30, 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
  $
843
 
2019
   
3,342
 
2020
   
2,786
 
2021
   
2,786
 
2022
   
2,786
 
Thereafter
   
7,170
 
Total estimated amortization expense
  $
19,713