Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.19.1
Goodwill and Other Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill and Intangible Assets

Goodwill and intangible assets, net consisted of the following (in thousands):

 

     March 31, 2019      December 31, 2018  
     Gross
Carrying
Amount		      Accumulated
Amortization		     Net Book
Value		      Gross
Carrying
Amount		      Accumulated
Amortization		     Net Book
Value		  

Goodwill and intangible assets:

                

Goodwill (1)

    $ 11,459      $ —       $ 11,459      $ 11,459      $ —       $ 11,459  

Intangible assets (1)

      4,240        (566 )      3,674        4,240        (314 )      3,926  
  

 

 

     

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  
   $ 15,699      $ (566 )    $ 15,133      $ 15,699      $ (314 )    $ 15,385  
  

 

 

     

 

 

    

 

 

     

 

 

     

 

 

    

 

 

  

 

(1)

Represents additions from acquisitions.
Summary of Net Change in Carrying Value of Intangible Assets

The net change in the carrying value of intangible assets consisted of the following (in thousands):

 

     Three Months Ended
March 31,		  
     2019      2018  

Beginning balance

    $ 3,926      $ —    

Additions from acquisitions

      —          —    

Amortization

      (252 )       —    
  

 

 

     

 

 

  

Ending balance

    $ 3,674      $ —    
  

 

 

     

 

 

  
Schedule of Estimated Amortization Expense for Intangible Assets

Estimated amortization expense for intangible assets for the next five years and thereafter consisted of the following (in thousands):

 

     March 31,
2019		  

Remainder of 2019

    $ 618  

2020

      817  

2021

      734  

2022

      633  

2023

      535  

Thereafter

      337  
  

 

 

  
   $ 3,674