Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v2.4.1.9
Intangible Assets
3 Months Ended
Mar. 31, 2015
Intangible Assets  
Intangible Assets

 

6.Intangible Assets

 

Intangible assets consist of the following:

 

 

 

 

 

March 31, 2015

 

December 31, 2014

 

 

 

 

 

Gross

 

 

 

Net

 

Gross

 

 

 

Net

 

 

 

 

 

Carrying

 

Accumulated

 

Carrying

 

Carrying

 

Accumulated

 

Carrying

 

 

 

Useful Life

 

Amount

 

Amortization

 

Amount

 

Amount

 

Amortization

 

Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer lists

 

4 - 12 years

 

$

68,603

 

$

(24,015

)

$

44,588

 

$

68,603

 

$

(21,699

)

$

46,904

 

Proprietary technologies

 

1.5 - 8 years

 

18,671

 

(6,458

)

12,213

 

15,678

 

(5,808

)

9,870

 

Trade names

 

5 years

 

3,090

 

(1,377

)

1,713

 

3,090

 

(1,210

)

1,880

 

Total intangible assets

 

 

 

$

90,364

 

$

(31,850

)

$

58,514

 

$

87,371

 

$

(28,717

)

$

58,654

 

 

Amortization expense was as follows:

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2015

 

2014

 

 

 

 

 

 

 

Amortization expense

 

$

3,133 

 

$

2,444