Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.19.1
Intangible Assets
3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Note 4 - Intangible Assets    
Intangible Assets consist of the following:
 
 
 
Successor
 
 
 
Balance at March 31, 2019
Dollars in thousands
Estimated Useful Life (Years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Customer relationships
3
 
$
16,300

 
$

 
$
16,300

Trade names
5
 
1,500

 

 
1,500

Developed technology
6
 
200

 

 
200

Total amortized intangible assets
 
 
$
18,000

 
$

 
$
18,000


Amortization expense was $0.6 million and $0.6 million for the three months ended March 31, 2019 and 2018, respectively.    
Our remaining intangibles amortization expense for the next five years is presented below:
Dollars in thousands
Expected future intangible amortization expense
2019
$
4,325

2020
$
5,767

2021
$
5,767

2022
$
1,691

Beyond 2022
$
450