Quarterly report pursuant to Section 13 or 15(d)

Intangible assets, royalties and goodwill (Tables)

v3.20.1
Intangible assets, royalties and goodwill (Tables)
3 Months Ended
Mar. 31, 2020
Intangible assets, royalties and goodwill [Abstract]  
Intangible Assets
The Company’s intangible assets are as follows:

Dollars in thousands

          March 31, 2020              
 
 
Weighted-Average Remaining Useful Lives (in years)
   
Gross
Carrying
Amount
   
Accumulated Amortization
   
Net Carrying
Amount
 
Customer relationships
   
7
   
$
7,500
   
$
(306
)
 
$
7,194
 
Trade name
   
15
     
7,190
     
(125
)
   
7,065
 
Total intangible assets
         
$
14,690
   
$
(431
)
 
$
14,259
 

       
December 31, 2019
             
 
 
Weighted-Average Remaining Useful Lives (in years)
 
Gross
Carrying
Amount
 
Accumulated Amortization
 
Net Carrying
Amount
 
Customer relationships
   
7
   
$
7,500
   
$
(35
)
 
$
7,465
 
Trade name
   
15
     
7,190
     
(14
)
   
7,176
 
Total intangible assets
         
$
14,690
   
$
(49
)
 
$
14,641
 
Estimated Future Amortization of Intangible Assets
The estimated future amortization of intangible assets over the weighted average remaining useful life of 10 years is as follows:

Dollars in thousands
Years ended December 31,
     
Remainder of 2020
 
$
1,169
 
2021
   
1,551
 
2022
   
1,551
 
2023
   
1,551
 
2024
   
1,551
 
Thereafter
   
6,886
 
   
$
14,259