Permit and Other Intangible Assets
|12 Months Ended|
Dec. 31, 2017
|Goodwill and Intangible Assets Disclosure [Abstract]|
|Permit and Other Intangible Assets||
PERMIT AND OTHER INTANGIBLE ASSETS
The following table summarizes changes in the carrying amount of permits. No permit exists at our Services and Medical Segments.
(1) Amortization for the one definite-lived permit capitalized in 2009. This permit is being amortized over a ten year period in accordance with its estimated useful life. Net carrying value of this permit was approximately $62,000 and $117,000 as of December 31, 2017 and 2016, respectively.
The following table summarizes information relating to the Company’s definite-lived intangible assets:
The intangible assets are amortized on a straight-line basis over their useful lives with the exception of customer relationships which are being amortized using an accelerated method.
The following table summarizes the expected amortization over the next five years for our definite-lived intangible assets:
Amortization expense recorded for definite-lived intangible assets was approximately $374,000 and $448,000, for the years ended December 31, 2017 and 2016, respectively.
The entire disclosure for all or part of the information related to intangible assets.
Reference 1: http://www.xbrl.org/2003/role/presentationRef