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