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Note 4 - Goodwill and Other Intangible Assets

9 Months Ended

Sep. 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 nine months ended September 30, 2020.

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

	*September 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	$	(597	)	$	333	$	930	$	(527	)	$	403	10.0	3.5
Non-compete agreement		270		(234	)		36		270		(222	)		48	2.0 - 5.0	2.3
Software technology		13,229		(3,302	)		9,927		13,229		(2,275	)		10,954	10.0	7.3
Customer relationships		10,070		(5,259	)		4,811		10,070		(4,106	)		5,964	6.0 - 9.0	3.1
Total intangible assets	$	24,499	$	(9,392	)	$	15,107	$	24,499	$	(7,130	)	$	17,369

Amortization expense for intangible assets was $0.8 million and $0.9 million for the three months ended September 30, 2020 and 2019, respectively, and $2.3 million and $2.6 million for the nine months ended September, 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	$	754
2021		3,016
2022		3,016
2023		2,813
2024		1,400
Thereafter		4,108
Total estimated amortization expense	$	15,107