Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS, NET (Tables)

v3.20.2
INTANGIBLE ASSETS, NET (Tables)
 9 Months Ended
Sep. 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:
  September 30, 2020
Gross Accumulated Amortization Net
(thousands of dollars)
Customer relationships $ 16,852  $ (6,741) $ 10,111 
Non-compete agreements 94  (94) — 
Licenses and permits 1,471  (680) 791 
Developed technology 6,131  (3,679) 2,452 
Total $ 24,548  $ (11,194) $ 13,354 
  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 September 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 $ 10,111  $ 281  $ 1,123  $ 1,123  1,123  1,123  1,123  $ 4,215 
Licenses and permits 791  26  101  86  86  86  86  320 
Developed technology 2,452  153  613  613  613  460  —  — 
Total future amortization expense $ 13,354  $ 460  $ 1,837  $ 1,822  $ 1,822  $ 1,669  $ 1,209  $ 4,535