Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v2.4.0.8
Intangible Assets
6 Months Ended
Jun. 30, 2014
Intangible Assets  
Intangible Assets

 

6.Intangible Assets

 

Intangible assets consist of the following:

                                                                                                                                                                              

 

 

 

 

June 30, 2014

 

December 31, 2013

 

 

 

 

 

Gross

 

 

 

Net

 

Gross

 

 

 

Net

 

 

 

 

 

Carrying

 

Accumulated

 

Carrying

 

Carrying

 

Accumulated

 

Carrying

 

 

 

Useful Life

 

Amount

 

Amortization

 

Amount

 

Amount

 

Amortization

 

Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer lists

 

4 - 12 years

 

$

42,403

 

$

(17,665

)

$

24,738

 

$

42,103

 

$

(14,593

)

$

27,510

 

Proprietary technologies

 

1.5 - 8 years

 

9,978

 

(4,482

)

5,496

 

9,580

 

(2,792

)

6,788

 

Trade names

 

5 years

 

2,090

 

(926

)

1,164

 

2,090

 

(690

)

1,400

 

Total intangible assets

 

 

 

$

54,471

 

$

(23,073

)

$

31,398

 

$

53,773

 

$

(18,075

)

$

35,698

 

 

Amortization expense was as follows:

                                                                                                                                                                              

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

Amortization expense

 

$

2,554 

 

$

1,568 

 

$

4,998 

 

$

3,152