Intangible Assets |
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Dec. 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible Assets |
Intangible assets consisted of the following:
As a result of changes to our business, we evaluated the recoverability of the carrying value of long-lived assets. The result of such evaluation indicated that net intangible assets of $10.5 million (gross assets of $18.9 million and related accumulated amortization of $8.4 million) were impaired, and we recognized an impairment charge of such amount for the year ended December 31, 2017 in the Consolidated Statements of Operations. Such impairment relates primarily to the consolidation of certain operations and the discontinuation of underperforming product lines. Amortization expense related to intangible assets, which was recorded in “Amortization and depreciation” in the Consolidated Statements of Operations, was $5.5 million, $5.2 million and $4.0 million for the years ended December 31, 2017, 2016 and 2015, respectively. Estimated future amortization expense related to intangible assets is $3.4 million for 2018, $2.8 million for 2019, $2.6 million for 2020, $2.5 million for 2021, $2.5 million for 2022, and $14.6 million thereafter. |