XML 21 R11.htm IDEA: XBRL DOCUMENT

Note 4 - Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Text Block]

Note 4 – Goodwill and Other Intangible Assets

There were no changes in the carrying amount of Goodwill during the three and six months ended June 30, 2020.

Intangible assets other than goodwill at June 30, 2020 and December 31, 2019 were as follows:

	*June 30, 2020*							*December 31, 2019*							*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	$	(574	)	$	356	$	930	$	(527	)	$	403	10.0	3.8
Non-compete agreement		270		(230	)		40		270		(222	)		48	2.0 - 5.0	2.5
Software technology		13,229		(2,960	)		10,269		13,229		(2,275	)		10,954	10.0	7.5
Customer relationships		10,070		(4,874	)		5,196		10,070		(4,106	)		5,964	6.0 - 9.0	3.3
Total intangible assets	$	24,499	$	(8,638	)	$	15,861	$	24,499	$	(7,130	)	$	17,369

Amortization expense for intangible assets was $0.8 million and $0.9 million for the three months ended June 30, 2020 and 2019, respectively, and $1.5 million and $1.7 million for the six months ended June 30, 2020 and 2019, 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 2020	$	1,508
2021		3,016
2022		3,016
2023		2,813
2024		1,400
Thereafter		4,108
Total estimated amortization expense	$	15,861