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Note 6 - Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2018
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | Note 6 – Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill for the years ended December 31, 2018 and 2017 were as follows:
(in thousands) |  | Dec. 31, 2016 |  |  | Goodwill acquired during 2017 |  |  | Dec. 31, 2017 |  |  | Goodwill acquired during 2018 |  |  | Dec. 31, 2018 |
United States |  | $ | 24,047 |  |  | $ | 99,588 |  |  | $ | 123,635 |  |  | $ | 248 |  |  | $ | 123,883 |
Europe |  |  | 4,239 |  |  |  | - |  |  |  | 4,239 |  |  |  | - |  |  |  | 4,239 |
Japan |  |  | 630 |  |  |  | - |  |  |  | 630 |  |  |  | - |  |  |  | 630 |
Total goodwill |  | $ | 28,916 |  |  | $ | 99,588 |  |  | $ | 128,504 |  |  | $ | 248 |  |  | $ | 128,752 |
As described in Note 5 – Business Combinations, the Company acquired RAPID in November 2017. The fair value of the consideration paid exceeded the fair value of the assets acquired and liabilities assumed, which resulted in goodwill in the United States of $99.6 million for the year ended December 31, 2017 and a related working capital adjustment of $0.2 million for the year ended December 31, 2018. Intangible assets other than goodwill for the years ended December 31, 2018 and 2017 were as follows:
|  | Year Ended December 31, 2018 |  |  | Year Ended December 31, 2017 |  |  |  |  |  | Weighted Average Useful Life |
(in thousands) |  | Gross |  |  | Accumulated Amortization |  |  | Net |  |  | Gross |  |  | Accumulated Amortization |  |  | Net |  |  | Useful Life (in years) |  |  | Remaining (in years) |
Intangible Assets with finite lives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marketing assets |  | $ | 930 |  |  | $ | (434 | ) |  | $ | 496 |  |  | $ | 930 |  |  | $ | (341 | ) |  | $ | 589 |  |  | 10.0 |  |  | 5.3 |
Non-compete agreement |  |  | 270 |  |  |  | (206 | ) |  |  | 64 |  |  |  | 270 |  |  |  | (190 | ) |  |  | 80 |  |  | 2.0 - 5.0 |  |  | 4.0 |
Trade secrets |  |  | 250 |  |  |  | (233 | ) |  |  | 17 |  |  |  | 250 |  |  |  | (183 | ) |  |  | 67 |  |  | 5.0 |  |  | 0.3 |
Trade names |  |  | 1,080 |  |  |  | (540 | ) |  |  | 540 |  |  |  | 1,080 |  |  |  | - |  |  |  | 1,080 |  |  | 2.0 |  |  | 1.0 |
Software technology |  |  | 12,229 |  |  |  | (997 | ) |  |  | 11,232 |  |  |  | 8,229 |  |  |  | - |  |  |  | 8,229 |  |  | 10.0 |  |  | 9.0 |
Customer relationships |  |  | 10,070 |  |  |  | (2,569 | ) |  |  | 7,501 |  |  |  | 10,070 |  |  |  | (1,031 | ) |  |  | 9,039 |  |  | 6.0 - 9.0 |  |  | 4.8 |
Total intangible assets |  | $ | 24,829 |  |  | $ | (4,979 | ) |  | $ | 19,850 |  |  | $ | 20,829 |  |  | $ | (1,745 | ) |  | $ | 19,084 |  |  |  |  |  |  |
Amortization expense for intangible assets for the years ended December 31, 2018, 2017 and 2016 was $3.2 million, $0.5 million and $0.7 million, respectively. The Company acquired a software company in December 2017, which was accounted for as an asset acquisition and resulted in an $8.2 million software technology intangible asset for the year ended December 31, 2017. The acquisition did not meet the definition of a business under ASC 805. The asset acquisition included an additional $5.0 million in contingent consideration to be recognized and paid upon completion of certain milestones over a 24 -month period. The completion of each milestone will result in additional value to the software technology intangible asset. We recognized $4.0 million of the contingent consideration for the year ended December 31, 2018. We did not recognize any of the contingent consideration for the year ended December 31, 2017 as the contingency was not resolved. Estimated aggregated amortization expense based on the current carrying value of the amortizable intangible assets is as follows:
(in thousands) |  | Estimated Amortization Expense |
2019 |  | $ | 3,451 |
2020 |  |  | 2,895 |
2021 |  |  | 2,895 |
2022 |  |  | 2,895 |
2023 |  |  | 2,691 |
Thereafter |  |  | 5,023 |
Total estimated amortization expense |  | $ | 19,850 |

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