General form of registration statement for all companies including face-amount certificate companies

Intangible assets, royalties, and goodwill (FY) (Tables)

v3.21.1
Intangible assets, royalties, and goodwill (FY) (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]    
Schedule of intangible assets
The Company’s intangible assets (in thousands) and related useful lives (in years) are as follows:

               
March 31, 2021
   
December 31, 2020
 
   
Estimated Useful Life
   
Gross
Carrying
Amount
   
Accumulated
Amortization
   
Net Carrying
Amount
   
Accumulated
Amortization
   
Net Carrying
Amount
 
Customer relationships
   
7
   
$
7,190
   
$
(1,317
)
 
$
5,873
   
$
(1,059
)
 
$
6,131
 
Trade name
   
15
     
7,500
     
(641
)
   
6,859
     
(516
)
   
6,984
 
Total intangible assets
         
$
14,690
   
$
(1,958
)
 
$
12,732
   
$
(1,575
)
 
$
13,115
 
The Company’s intangible assets (in thousands) and related useful lives (in years) are as follows:

               
December 31, 2020
   
December 31, 2019
 
   
Estimated Useful Life
   
Gross
Carrying
Amount (1)
   
Accumulated
Amortization
   
Net Carrying
Amount
   
Accumulated
Amortization
   
Net Carrying
Amount (1)
 
Customer relationships
   
7
   
$
7,190
   
$
(1,059
)
 
$
6,131
   
$
(35
)
 
$
7,155
 
Trade name
   
15
     
7,500
     
(516
)
   
6,984
     
(14
)
   
7,486
 
Total intangible assets
         
$
14,690
   
$
(1,575
)
 
$
13,115
   
$
(49
)
 
$
14,641
 

(1) The gross intangible asset values and the net carrying amount as of December 31, 2019 have been updated to correct an immaterial disclosure reporting error in our 2019 Annual Report on Form 10-K.
Schedule of future amortization of intangible assets
The estimated future amortization of intangible assets over the remaining weighted average useful life of 10.0 years is as follows (in thousands):

Remainder of 2021
 
$
1,145
 
2022
   
1,527
 
2023
   
1,527
 
2024
   
1,527
 
2025
   
1,527
 
Thereafter
   
45,479
 
   
$
12,732
 
The estimated future amortization of intangible assets over the remaining weighted average useful life of 10.2 years is as follows (in thousands):

2021
 
$
1,526
 
2022
   
1,526
 
2023
   
1,526
 
2024
   
1,526
 
2025
   
1,526
 
Thereafter
   
5,485
 
 
 
$
13,115