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
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):

 

    March 31, 2019  
    Gross Carrying
Amount
    Accumulated
Amortization
    Net Carrying
Amount
    Weighted-
Average
Amortization
Period (Years)
 
Customer relationships   $ 120,000     $ (96,359 )   $ 23,641       6.0  
License     750       (275 )     475       10.0  
Total intangible assets subject to amortization   $ 120,750     $ (96,634 )   $ 24,116        

 

    December 31, 2018  
    Gross Carrying
Amount
    Accumulated
Amortization
    Net Carrying
Amount
    Weighted-
Average
Amortization
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
March 31,
 
    2019     2018  
Amortization expense   $ 4,622     $ 6,504  

 

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

 

Year ended December 31,   Amortization
Expense
 
2020   $ 9,906  
2021     75  
2022     75  
2023     75  
2024     75