Intangible Assets

6 Months Ended

Jun. 30, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Note 6. Intangible Assets

The following is a summary of the Company’s acquired intangible assets (dollars in thousands):

	Weighted Average Amortization Period (years)		Gross Carrying Amount		Accumulated Amortization		Intangibles, Net
June 30, 2019
Customer relationships		10	$	4,830	$	1,479	$	3,351
Developed technologies		9		1,080		341		739
Tradename		3		120		86		34
Total intangible assets, net			$	6,030	$	1,906	$	4,124


December 31, 2018
Customer relationships		10	$	4,830	$	1,237	$	3,593
Developed technologies		9		1,080		274		806
Tradename		3		120		67		53
Total intangible assets, net			$	6,030	$	1,578	$	4,452

The estimated annual amortization of intangible assets for the next five years and thereafter is shown in the following table (in thousands):

	Estimated Future Amortization
2019 (remaining six months)	$	(328	)
2020		(628	)
2021		(598	)
2022		(563	)
2023		(563	)
Thereafter		(1,444	)
Total	$	(4,124	)

Actual amortization expense to be reported in future periods could differ from these estimates as a result of acquisitions, divestitures, asset impairments, among other factors. Amortization expense was $164,000 and $169,000 for the three months ended June 30, 2019 and 2018, respectively, and $328,000 and $338,000 for the six months ended June 30, 2019 and 2018, respectively.