XML 28 R14.htm IDEA: XBRL DOCUMENT
v3.20.4

Note 7 - Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2020
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] |
7. | GOODWILL AND INTANGIBLE ASSETS:
Goodwill The changes in the carrying amount of goodwill for the year ended December 31, 2020 were as follows (in thousands):
Goodwill, December 31, 2019 |  | $ | - |
Acquisition of Geneva (Note 3) |  |  | 22,985 |
Goodwill, December 31, 2020 |  | $ | 22,985 |
The Company performed its annual goodwill impairment test as of December 31, 2020, utilizing a qualitative analysis, and did not identify any potential impairment. Intangible Assets Intangible assets consist of the following (in thousands):
|  | Gross Carrying |  |  | Accumulated |  |  | Intangible |
|  | Amount |  |  | Amortization |  |  | Assets, Net |
As of December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 9,409 |  |  | $ | (1,634 | ) |  | $ | 7,775 |
Trade names and trademarks |  |  | 3,225 |  |  |  | (720 | ) |  |  | 2,505 |
Other |  |  | 329 |  |  |  | (91 | ) |  |  | 238 |
Total |  | $ | 12,963 |  |  | $ | (2,445 | ) |  | $ | 10,518 |
As of December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 1,378 |  |  | $ | (827 | ) |  | $ | 551 |
Trade names and trademarks |  |  | 1,132 |  |  |  | (452 | ) |  |  | 680 |
Total |  | $ | 2,510 |  |  | $ | (1,279 | ) |  | $ | 1,231 |
During the year ended December 31, 2020, intangible assets increased primarily due to the acquisition of Geneva. See Note 3, “Business Combinations” for additional information related to this transaction. The estimated amortization expense for each of the next five years and thereafter is as follows (in thousands):
Year ending December 31, |  |  |  |
2021 |  | $ | 1,262 |
2022 |  |  | 1,262 |
2023 |  |  | 1,171 |
2024 |  |  | 1,015 |
2025 |  |  | 1,015 |
Thereafter |  |  | 4,793 |
Total amortization expense |  | $ | 10,518 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration