Quarterly report pursuant to Section 13 or 15(d)

Intangible assets, royalties and goodwill (Tables)

v3.20.2
Intangible assets, royalties and goodwill (Tables)
6 Months Ended
Jun. 30, 2020
Intangible assets, royalties and goodwill [Abstract]  
Intangible Assets
The Company’s intangible assets are as follows:
 
Dollars in thousands
         
June 30, 2020
             
   
Weighted-Average
Remaining Useful
Lives (in years)
   
Gross
Carrying
Amount
   
Accumulated
Amortization
   
Net Carrying
Amount
 
Customer relationships
 
7
   
$
7,500
   
$
(577
)
 
$
6,923
 
Trade name
 
15
     
7,190
     
(235
)
   
6,955
 
Total intangible assets
       
$
14,690
   
$
(812
)
 
$
13,878
 

     
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 10.5 years is as follows:
 
Dollars in thousands
Years ended December 31,
     
Remainder of 2020
 
$
739
 
2021
   
1,551
 
2022
   
1,551
 
2023
   
1,551
 
2024
   
1,551
 
Thereafter
   
6,935
 
   
$
13,878