| Changes In Intangible Assets |
The Company’s amortizable intangible assets consisted of the following (in thousands):
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March 31, 2017 |
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Customer Relationships |
|
Developed Technology |
|
Trademarks / Trade-Names |
|
Covenants Not to Compete |
|
Total |
Original cost |
$ |
4,774 |
|
|
$ |
7,945 |
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|
$ |
2,179 |
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|
$ |
31 |
|
|
$ |
14,929 |
|
Accumulated amortization |
(1,720 |
) |
|
(4,861 |
) |
|
(694 |
) |
|
(31 |
) |
|
(7,306 |
) |
Net identifiable intangible assets |
$ |
3,054 |
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|
$ |
3,084 |
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|
$ |
1,485 |
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|
$ |
— |
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|
$ |
7,623 |
|
Weighted-average useful lives (years) |
10 |
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|
6 |
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|
15 |
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|
2 |
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|
9 |
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December 31, 2016 |
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Customer Relationships |
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Developed Technology |
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Trademarks / Trade-Names |
|
Covenants Not to Compete |
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Total |
Original cost |
$ |
4,759 |
|
|
$ |
7,917 |
|
|
$ |
2,178 |
|
|
$ |
31 |
|
|
$ |
14,885 |
|
Accumulated amortization |
(1,577 |
) |
|
(4,509 |
) |
|
(658 |
) |
|
(31 |
) |
|
(6,775 |
) |
Net identifiable intangible assets |
$ |
3,182 |
|
|
$ |
3,408 |
|
|
$ |
1,520 |
|
|
$ |
— |
|
|
$ |
8,110 |
|
Weighted-average useful lives (years) |
10 |
|
|
6 |
|
|
15 |
|
|
2 |
|
|
9 |
|
Changes to the carrying amount of net amortizable intangible assets for the three months ended March 31, 2017 consisted of the following (in thousands):
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Three Months Ended
March 31, 2017 |
Balance, beginning of period |
$ |
8,110 |
|
Amortization expense |
(516 |
) |
Currency translation |
29 |
|
Balance, end of period |
$ |
7,623 |
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