Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill (Tables)

v3.10.0.1
Intangible Assets and Goodwill (Tables)
 6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of finite-lived intangible assets
The Company had the following definite lived intangible assets recorded (in thousands):
 
 
June 30,
 
December 31,
 
 
2018
 
2017
Customer relationships
 
$
36,725

 
$
35,795

Trade names
 
9,443

 
8,793

Less: accumulated amortization - customer relationships
 
(30,521
)
 
(26,172
)
Less: accumulated amortization - trade names
 
(2,717
)
 
(2,277
)
Intangible assets, net
 
$
12,930

 
$
16,139

Schedule of finite-lived intangible assets, future amortization expense
Aggregated expected amortization expense for the future periods is expected to be as follows (in thousands):
 
 
Amount
Remainder of 2018
 
$
3,969

2019
 
1,293

2020
 
1,293

2021
 
1,288

2022
 
1,266

Thereafter
 
3,821

 
 
$
12,930

Schedule of goodwill
Changes in the goodwill for the year ended December 31, 2017 and the six months ended June 30, 2018 are set forth below (in thousands):
Balance, January 1, 2017
 
$
88,727

Additions - 2017 Stingray Acquisition (Note 4)
 
10,193

Additions - Higher Power Acquisition (Note 4)
 
643

Additions - 5 Star Acquisition (Note 4)
 
248

Balance, December 31, 2017
 
99,811

Additions - WTL Acquisition (Note 4)
 
1,567

Additions - RTS Acquisition (Note 4)
 
133

Balance, June 30, 2018
 
$
101,511