| Intangible Assets other than Goodwill |
NOTE 8: INTANGIBLE ASSETS OTHER THAN GOODWILL Net Book Value of Intangible Assets other than Goodwill as at December 31, 2021
| |
Acquisition Cost |
|
Accumulated Amortization |
|
Net Book Value December 31, 2021 |
| Trade name |
$ |
90,000 |
|
$ |
(45,985) |
|
$ |
44,015 |
| Port terminal operating rights |
|
53,152 |
|
|
(14,833) |
|
|
38,319 |
| Customer relationships |
|
35,490 |
|
|
(24,843) |
|
|
10,647 |
| Total Intangible assets |
$ |
178,642 |
|
$ |
(85,661) |
|
$ |
92,981 | Net Book Value of Intangible Assets other than Goodwill as at December 31, 2020
| |
Acquisition Cost |
|
Accumulated Amortization |
|
Net Book Value December 31, 2020 |
| Trade name |
$ |
90,000 |
|
$ |
(43,175) |
|
$ |
46,825 |
| Port terminal operating rights |
|
53,152 |
|
|
(13,835) |
|
|
39,317 |
| Customer relationships |
|
35,490 |
|
|
(23,069) |
|
|
12,421 |
| Total Intangible assets |
$ |
178,642 |
|
$ |
(80,079) |
|
$ |
98,563 | Amortization expense and write offs for the years ended December 31, 2021, 2020 and 2019 were as follows:
| |
Amortization Expense and Write Offs Year Ended December 31, 2021 |
|
Amortization Expense and Write Offs Year Ended December 31, 2020 |
|
Amortization Expense and Write Offs Year Ended December 31, 2019 |
| Trade name |
$ |
2,810 |
|
$ |
2,818 |
|
$ |
2,811 |
| Port terminal operating rights |
|
998 |
|
|
998 |
|
|
999 |
| Customer relationships |
|
1,774 |
|
|
1,775 |
|
|
1,774 |
| Total |
$ |
5,582 |
|
$ |
5,591 |
|
$ |
5,584 | The remaining aggregate amortization of acquired intangibles as of December 31, 2021 was as follows:
| Description |
|
Within one year |
|
Year Two |
|
Year Three |
|
Year Four |
|
Year Five |
|
Thereafter |
|
Total |
| Trade name |
|
$ |
2,811 |
|
$ |
2,811 |
|
$ |
2,811 |
|
$ |
2,818 |
|
$ |
2,811 |
|
$ |
29,953 |
|
$ |
44,015 |
| Port terminal operating rights |
|
|
995 |
|
|
995 |
|
|
995 |
|
|
995 |
|
|
995 |
|
|
33,344 |
|
|
38,319 |
| Customer relationships |
|
|
1,775 |
|
|
1,775 |
|
|
1,775 |
|
|
1,775 |
|
|
1,775 |
|
|
1,772 |
|
|
10,647 |
| Total amortization |
|
$ |
5,581 |
|
$ |
5,581 |
|
$ |
5,581 |
|
$ |
5,588 |
|
$ |
5,581 |
|
$ |
65,069 |
|
$ |
92,981 |
|