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INTANGIBLE ASSETS | 3 Months Ended
--- | ---
Mar. 31, 2020
INTANGIBLE ASSETS |
INTANGIBLE ASSETS | 7. INTANGIBLE ASSETS Intangible assets on the Company’s condensed consolidated balance sheets consist of the following (in thousands):
|  |  |  |  |  |  | March 31, 2020 |  | December 31, 2019
|  |  |  |  |  |  | Gross |  | Accumulated |  | Net Book |  | Gross |  | Accumulated |  | Net Book
|  | Life |  | Amount |  | amortization |  | Value |  | Amount |  | amortization |  | Value
Customer lists |  | 8 | - | 17 | years |  | $ | 68,342 |  | $ | (20,258) |  | $ | 48,084 |  | $ | 64,314 |  | $ | (19,311) |  | $ | 45,003
Trade name |  | 10 | - | 19 | years |  |  | 13,607 |  |  | (4,314) |  |  | 9,293 |  |  | 12,222 |  |  | (4,114) |  |  | 8,108
Design and technologies |  | 10 | - | 15 | years |  |  | 14,625 |  |  | (3,727) |  |  | 10,898 |  |  | 12,927 |  |  | (3,554) |  |  | 9,373
Patents |  | 17 | years |  |  | 24 |  |  | (12) |  |  | 12 |  |  | 24 |  |  | (11) |  |  | 13
Total |  |  |  |  |  |  | $ | 96,598 |  | $ | (28,311) |  | $ | 68,287 |  | $ | 89,487 |  | $ | (26,990) |  | $ | 62,497
Intangible assets resulting from the acquisition of Dynamic Controls were approximately $7,800 (Note 2). The intangible assets acquired consist of a customer list, a trade name and technology. Amortization expense for intangible assets was $1,441 and $1,432 for the quarters ended March 31, 2020 and 2019, respectively. Estimated future intangible asset amortization expense as of March 31, 2020 is as follows (in thousands):
|  | Estimated
|  | Amortization Expense
Remainder of 2020 |  | $ | 4,456
2021 |  |  | 5,905
2022 |  |  | 5,948
2023 |  |  | 5,949
2024 |  |  | 5,625
Thereafter |  |  | 40,404
Total estimated amortization expense |  | $ | 68,287

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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- References No definition available. + Details
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