Goodwill and Intangibles
|6 Months Ended|
Jun. 30, 2018
|Goodwill and Intangible Assets Disclosure [Abstract]|
|Goodwill and Intangible Assets Disclosure [Text Block]||
Note 6 – Goodwill and Intangibles
Goodwill and intangible assets are comprised of the following:
The definite-lived intangible assets are amortized over the period the Company expects to receive the related economic benefit, which for customer relationships is based upon estimated future net cash inflows. The Company has previously determined that its trade name has an indefinite useful life. The Limbach trade name has been in existence since the Company’s founding in 1901 and therefore is an established brand within the industry.
Total amortization expense for these amortizable intangible assets was $0.7 million for the six months ended June 30, 2018 and $2.0 million for the six months ended June 30, 2017. The Company did not recognize any impairment charges related to definite and indefinite-lived intangible assets during any of the three or six months ended June 30, 2018 and June 30, 2017.
The entire disclosure for goodwill and intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef