Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

v3.7.0.1
Intangible Assets, Net
6 Months Ended
Jun. 30, 2017
Intangible Assets, Net  
Intangible Assets, Net

7.Intangible Assets, Net

 

Intangible assets, net consist of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2017

 

December 31, 2016

 

    

 

 

 

    

    

Gross

    

    

 

    

Net

    

Gross

    

    

 

    

Net

 

 

Estimated

 

Carrying

 

Accumulated

 

Carrying

 

Carrying

 

Accumulated

 

Carrying

 

 

Useful Life

 

Amount

 

Amortization

 

Amount

 

Amount

 

Amortization

 

Amount

Customer lists

 

4

-

15

years

 

$

259,350

 

$

(66,820)

 

$

192,530

 

$

259,490

 

$

(54,861)

 

$

204,629

Proprietary technologies

 

2

-

8

years

 

 

57,328

 

 

(25,419)

 

 

31,909

 

 

57,770

 

 

(20,214)

 

 

37,556

Trade names

 

2

-

7

years

 

 

24,889

 

 

(7,905)

 

 

16,984

 

 

25,007

 

 

(6,178)

 

 

18,829

Backlog

 

 

 

4

years

 

 

11,000

 

 

(8,521)

 

 

2,479

 

 

11,000

 

 

(6,456)

 

 

4,544

Total intangible assets

 

 

 

 

 

 

$

352,567

 

$

(108,665)

 

$

243,902

 

$

353,267

 

$

(87,709)

 

$

265,558

 

Amortization expense was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30,

 

June 30,

 

    

2017

    

2016

 

2017

    

2016

Amortization expense

 

$

10,371

 

$

12,195

 

$

20,956

 

$

24,121

 

Future amortization expense of the intangible assets as of June 30, 2017, is expected to be as follows:

 

 

 

 

 

 

 

Years ending December 31:

 

 

Remainder of 2017

$

20,645

2018

 

35,691

2019

 

32,092

2020

 

28,368

2021

 

20,678

Thereafter

 

106,428

 

$

243,902