Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)

v3.19.1
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