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Identifiable Intangible Assets from Acquisition

3 Months Ended

Mar. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Identifiable Intangible Assets from Acquisitions

(12) Identifiable Intangible Assets from Acquisitions

Identifiable intangible assets from acquisitions consisted of the following (in thousands):

	As of December 31, 2018
	Gross Carrying Amount		Accumulated Amortization		Net
Customer relationships	$	12,368	$	295	$	12,073
Technologies		5,879		258		5,621
Non-compete agreements		2,559		184		2,375
Tradenames		672		44		628
Total identifiable intangible assets from acquisitions	$	21,478	$	781	$	20,697

	As of March 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net
Customer relationships	$	12,368	$	913	$	11,455
Technologies		5,879		748		5,131
Non-compete agreements		2,559		560		1,999
Tradenames		672		128		544
Total identifiable intangible assets from acquisitions	$	21,478	$	2,349	$	19,129

Amortizable intangible assets are amortized on a straight-line basis over their useful lives. Customer relationships, acquired technologies, tradenames, and non-compete agreements have a weighted average useful life from date of purchase of 5 years, 3 years, 2 years, 1 - 2 years, respectively. Aggregate amortization expense incurred by the Company for the three months ended March 31, 2019 was approximately $1.6 million. Based upon the current amount of acquired identifiable intangible assets subject to amortization, the estimated remaining amortization expense as of March 31, 2019 for the next five years is as follows: $4.6 million in 2019, $5.7 million in 2020, $4.2 million in 2021, $2.5 million in 2022, and $2.1 million in 2023.