Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.8.0.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The change in the carrying amount of goodwill for the year ended December 31, 2017 is as follows:
Dollars in thousands
Goodwill
Balance at December 31, 2016
$
6,708

Additions
—

Balance at December 31, 2017
$
6,708

Schedule of Intangible Assets
Intangible Assets consist of the following:
 
 
Balance at December 31, 2017
Dollars in thousands
Estimated Useful Life (Years)
Gross Carrying Amount
 
Write-off Due to Sale (1)
 
Accumulated Amortization
 
Net Carrying Amount
Amortized intangible assets:
 
 
 
 
 
 
 
 
Developed Technology
6
$
11,630

 
$
—

 
$
(5,330
)
 
$
6,300

Customer Relationships
3
5,400

 
(264
)
 
(5,136
)
 
—

Trade Names
5
4,940

 
(332
)
 
(3,780
)
 
828

Total Amortized intangible assets
 
$
21,970

 
$
(596
)
 
$
(14,246
)
 
$
7,128

(1) During the 2015 fourth quarter, we sold our controlling interest in a joint venture in Egypt resulting in the write-off of $0.6 million of intangible assets related to customer relationships and trade name.
Schedule of Intangibles Amortization Expense for the Next Five Years
Our remaining intangibles amortization expense for the next five years is presented below:
Dollars in thousands
Expected future intangible amortization expense
2018
$
2,306

2019
$
2,306

2020
$
2,030

2021
$
486

Beyond 2021
$
—