Note 6
Acquired Intangible Assets

The Company accounts for intangible assets in accordance with FASB ASC 350 - Goodwill and Other Intangible Assets (“ASC 350”), which requires that intangibles with indefinite useful lives be tested annually for impairment and those with finite useful lives be amortized over their useful lives.

Details of the Company’s intangible assets are as follows:

	December 31, 2018					December 31, 2017
	Gross Carrying		Accumulated			Gross Carrying		Accumulated
(In thousands)	Amount		Amortization			Amount		Amortization
Assets eligible for amortization:
Customer lists	$	4,288	$	(3,071	)	$	4,288	$	(2,702	)
Patent		72		(16	)		72		(12	)
Non-compete agreements		332		(326	)		332		(291	)
Software		234		(234	)		234		(234	)
Other		500		(225	)		500		(191	)
Unamortized intangible assets:
Goodwill ⁽¹⁾		12,796		(227	)		12,796		(227	)
Total intangible assets	$	18,222	$	(4,099	)	$	18,222	$	(3,657	)

⁽¹⁾

Amortization through December 31, 2001 prior to adoption of FASB ASC 350.

The customer lists are amortized over seven and ten years; the patents over 18 years, the non-compete agreements over two and five years, software over three years and other intangible assets over 15 years. Amortization of intangible assets amounted to $442,000, $427,000 and $408,000 for the years ended December 31, 2018, 2017 and 2016, respectively. Estimated future amortization of intangibles is $412,000 in 2019, $406,000 in both 2020 and 2021 and $88,000 in both 2022 and 2023.