Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS, NET (Tables)

v3.20.2
INTANGIBLE ASSETS, NET (Tables)
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets by Major Class
The following tables summarize the gross carrying amounts and accumulated amortization of intangible assets by major class:
 
 
June 30, 2020
 
 
Gross
 
Accumulated Amortization
 
Net
 
 
(thousands of dollars)
Customer relationships
 
$
16,852

 
$
(6,460
)
 
$
10,392

Non-compete agreements
 
94

 
(94
)
 

Licenses and permits
 
1,471

 
(654
)
 
817

Developed technology
 
6,131

 
(3,526
)
 
2,605

Total
 
$
24,548

 
$
(10,734
)
 
$
13,814

 
 
December 31, 2019
 
 
Gross
 
Accumulated Amortization
 
Net
 
 
(thousands of dollars)
Customer relationships
 
$
16,852

 
$
(5,898
)
 
$
10,954

Non-compete agreements
 
94

 
(94
)
 

Licenses and permits
 
1,471

 
(601
)
 
870

Developed technology
 
6,131

 
(3,219
)
 
2,912

Total
 
$
24,548

 
$
(9,812
)
 
$
14,736


Estimated Amortization Expenses for Succeeding Five Fiscal Years
Based on identified intangible assets that are subject to amortization as of June 30, 2020, we expect future amortization expenses for each period to be as follows:
 
 
Total

 
Remainder of 2020

 
2021

 
2022

 
2023

 
2024

 
2025

 
Thereafter

 
 
(thousands of dollars)
Customer relationships
 
$
10,392

 
$
562

 
$
1,123

 
$
1,123

 
1,123

 
1,123

 
1,123

 
$
4,215

Licenses and permits
 
817

 
53

 
101

 
86

 
86

 
86

 
86

 
319

Developed technology
 
2,605

 
306

 
613

 
613

 
613

 
460

 

 

Total future amortization expense
 
$
13,814

 
$
921

 
$
1,837

 
$
1,822

 
$
1,822

 
$
1,669

 
$
1,209

 
$
4,534