Annual report pursuant to Section 13 and 15(d)

Intangible assets, royalties and goodwill (Tables)

v3.20.1
Intangible assets, royalties and goodwill (Tables)
12 Months Ended
Dec. 31, 2019
Intangible assets, royalties and goodwill [Abstract]  
Intangible Assets
The Company’s intangible assets as of December 31, 2019 are as follows:

Dollars in thousands
         
December 31, 2018
   
December 31, 2019
 
   
Weighted-
Average
Remaining
Useful
Lives (in
years)
   
Gross Carrying
Amount
   
Additions
   
Adjustments
   
Gross
Carrying
Amount
   
Accumulated
Amortization
   
Net Carrying
Amount
 
License
   
-
   
$
-
   
$
986
   
$
(986
)
 
$
-
   
$
-
   
$
-
 
Customer relationships
   
7
     
-
     
7,500
     
-
     
7,500
     
(35
)
   
7,465
 
Trade name
   
15
     
-
     
7,190
     
-
     
7,190
     
(14
)
   
7,176
 
Total intangible assets
         
$
-
   
$
15,676
   
$
(986
)
 
$
14,690
   
$
(49
)
 
$
14,641
 
Estimated Future Amortization of Intangible Assets
The estimated future amortization of intangible assets over the remaining weighted average useful life of 10 years is as follows:
 
Dollars in thousands
Years ended December 31,
     
2020
 
$
1,551
 
2021
   
1,551
 
2022
   
1,551
 
2023
   
1,551
 
2024
   
1,551
 
Thereafter
   
6,886
 
   
$
14,641