GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
|
3 Months Ended |
Mar. 31, 2019 |
Goodwill and Intangible Assets Disclosure [Abstract] |
|
Summary of Finite-Lived Intangible Assets by Major Class |
The following tables summarize the gross carrying amounts and accumulated amortization of intangible assets by major class:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2019 |
|
|
Gross |
|
Accumulated
Amortization
|
|
Net |
Intangible assets subject to amortization (Definite-lived) |
|
(thousands of dollars) |
Customer relationships |
|
$ |
16,852 |
|
|
$ |
(5,055 |
) |
|
$ |
11,797 |
|
Non-compete agreements |
|
94 |
|
|
(85 |
) |
|
9 |
|
Licenses and permits |
|
1,471 |
|
|
(522 |
) |
|
949 |
|
Developed technology |
|
6,131 |
|
|
(2,759 |
) |
|
3,372 |
|
|
|
24,548 |
|
|
(8,421 |
) |
|
16,127 |
|
Intangible assets not subject to amortization (Indefinite-lived) |
|
|
|
|
|
|
Emissions Allowance |
|
197 |
|
|
— |
|
|
197 |
|
Trade name |
|
2,158 |
|
|
— |
|
|
2,158 |
|
Total |
|
$ |
26,903 |
|
|
$ |
(8,421 |
) |
|
$ |
18,482 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2018 |
|
|
Gross |
|
Accumulated
Amortization
|
|
Net |
Intangible assets subject to amortization (Definite-lived) |
|
(thousands of dollars) |
Customer relationships |
|
$ |
16,852 |
|
|
$ |
(4,775 |
) |
|
$ |
12,077 |
|
Non-compete agreements |
|
94 |
|
|
(80 |
) |
|
14 |
|
Licenses and permits |
|
1,471 |
|
|
(495 |
) |
|
976 |
|
Developed technology |
|
6,131 |
|
|
(2,606 |
) |
|
3,525 |
|
|
|
24,548 |
|
|
(7,956 |
) |
|
16,592 |
|
Intangible assets not subject to amortization (Indefinite-lived) |
|
|
|
|
|
|
Emissions Allowance |
|
197 |
|
|
— |
|
|
197 |
|
Trade name |
|
2,158 |
|
|
— |
|
|
2,158 |
|
Total |
|
$ |
26,903 |
|
|
$ |
(7,956 |
) |
|
$ |
18,947 |
|
|
Summary of Indefinite-Lived Intangible Assets by Major Class |
The following tables summarize the gross carrying amounts and accumulated amortization of intangible assets by major class:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2019 |
|
|
Gross |
|
Accumulated
Amortization
|
|
Net |
Intangible assets subject to amortization (Definite-lived) |
|
(thousands of dollars) |
Customer relationships |
|
$ |
16,852 |
|
|
$ |
(5,055 |
) |
|
$ |
11,797 |
|
Non-compete agreements |
|
94 |
|
|
(85 |
) |
|
9 |
|
Licenses and permits |
|
1,471 |
|
|
(522 |
) |
|
949 |
|
Developed technology |
|
6,131 |
|
|
(2,759 |
) |
|
3,372 |
|
|
|
24,548 |
|
|
(8,421 |
) |
|
16,127 |
|
Intangible assets not subject to amortization (Indefinite-lived) |
|
|
|
|
|
|
Emissions Allowance |
|
197 |
|
|
— |
|
|
197 |
|
Trade name |
|
2,158 |
|
|
— |
|
|
2,158 |
|
Total |
|
$ |
26,903 |
|
|
$ |
(8,421 |
) |
|
$ |
18,482 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2018 |
|
|
Gross |
|
Accumulated
Amortization
|
|
Net |
Intangible assets subject to amortization (Definite-lived) |
|
(thousands of dollars) |
Customer relationships |
|
$ |
16,852 |
|
|
$ |
(4,775 |
) |
|
$ |
12,077 |
|
Non-compete agreements |
|
94 |
|
|
(80 |
) |
|
14 |
|
Licenses and permits |
|
1,471 |
|
|
(495 |
) |
|
976 |
|
Developed technology |
|
6,131 |
|
|
(2,606 |
) |
|
3,525 |
|
|
|
24,548 |
|
|
(7,956 |
) |
|
16,592 |
|
Intangible assets not subject to amortization (Indefinite-lived) |
|
|
|
|
|
|
Emissions Allowance |
|
197 |
|
|
— |
|
|
197 |
|
Trade name |
|
2,158 |
|
|
— |
|
|
2,158 |
|
Total |
|
$ |
26,903 |
|
|
$ |
(7,956 |
) |
|
$ |
18,947 |
|
|
Estimated Amortization Expenses for Succeeding Five Fiscal Years |
Based on identified intangible assets that are subject to amortization as of March 31, 2019, we expect future amortization expenses for each period to be as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
Remainder of 2019 |
|
|
2020 |
|
|
2021 |
|
|
2022 |
|
|
2023 |
|
|
2024 |
|
|
Thereafter |
|
|
|
(thousands of dollars) |
Customer relationships |
|
$ |
11,797 |
|
|
$ |
843 |
|
|
$ |
1,123 |
|
|
$ |
1,123 |
|
|
1,123 |
|
|
1,123 |
|
|
1,123 |
|
|
$ |
5,339 |
|
Non-compete agreements |
|
9 |
|
|
9 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Licenses and permits |
|
949 |
|
|
79 |
|
|
106 |
|
|
101 |
|
|
86 |
|
|
86 |
|
|
86 |
|
|
405 |
|
Developed technology |
|
3,372 |
|
|
460 |
|
|
613 |
|
|
613 |
|
|
613 |
|
|
613 |
|
|
460 |
|
|
— |
|
Total future amortization expense |
|
$ |
16,127 |
|
|
$ |
1,391 |
|
|
$ |
1,842 |
|
|
$ |
1,837 |
|
|
$ |
1,822 |
|
|
$ |
1,822 |
|
|
$ |
1,669 |
|
|
$ |
5,744 |
|
|