Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.19.2
Intangible Assets
6 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

4.   Intangible Assets

The carrying amounts of intangible assets subject to amortization are included within other long-term assets. The gross carrying amounts of intangible assets, the related accumulated amortization, the net carrying amounts and the weighted-

average amortization periods of the Company’s intangible assets are listed in the following tables (in thousands, except amortization period):

June 30, 2019

Weighted-

Average

Gross Carrying 

Accumulated

Net Carrying

 Amortization

    

Amount

    

Amortization

    

Amount

    

Period (Years)

Customer relationships

$

120,000

$

(100,962)

$

19,038

 

6.0

License

 

750

 

(294)

 

456

 

10.0

Total intangible assets subject to amortization

$

120,750

$

(101,256)

$

19,494

 

  

December 31, 2018

    

    

    

Weighted-

Average

Gross Carrying

Accumulated

Net Carrying 

Amortization

    

Amount

    

Amortization

    

Amount

    

Period (Years)

Customer relationships

$

120,000

$

(91,756)

$

28,244

 

6.0

Licenses

 

3,368

 

(2,874)

 

494

 

5.6

Total intangible assets subject to amortization

$

123,368

$

(94,630)

$

28,738

 

  

The aggregate amortization expense is as follows (in thousands):

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2019

    

2018

    

2019

    

2018

 

Amortization expense

$

4,622

$

6,553

$

9,244

$

13,057

The following table sets forth the Company’s estimated aggregate amortization expense for each of the five years below (in thousands):

    

Amortization

Year ended December 31, 

Expense

2020

$

9,906

2021

75

2022

75

2023

75

2024

75