Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets

v2.4.1.9
Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets  
Goodwill and Intangible Assets

6. Goodwill and Intangible Assets

 

        Changes in the carrying amount of goodwill were as follows:

 

                                                                                                                                                                                    

Balance at December 31, 2012

 

$

65,644 

 

WMS acquisition

 

 

8,691 

 

​  

​  

Balance at December 31, 2013

 

 

74,335 

 

Klein acquisition

 

 

3,031 

 

Placemark acquisition

 

 

27,077 

 

Other

 

 

533 

 

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Balance at December 31, 2014

 

$

104,976 

 

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​  

​  

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        Intangible assets consist of the following:

 

                                                                                                                                                                                    

 

 

 

 

December 31, 2014

 

December 31, 2013

 

 

 

Useful Life

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

Customer lists

 

4 - 12 years

 

$

68,603

 

$

(21,699

)

$

46,904

 

$

42,103

 

$

(14,593

)

$

27,510

 

Proprietary technologies

 

1.5 - 8 years

 

 

15,678

 

 

(5,808

)

 

9,870

 

 

9,580

 

 

(2,792

)

 

6,788

 

Trade names

 

5 years

 

 

3,090

 

 

(1,210

)

 

1,880

 

 

2,090

 

 

(690

)

 

1,400

 

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Total intangible assets

 

 

 

$

87,371

 

$

(28,717

)

$

58,654

 

$

53,773

 

$

(18,075

)

$

35,698

 

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        Amortization expense was as follows:

 

                                                                                                                                                                                    

 

 

Year ended December 31,

 

 

 

2014

 

2013

 

2012

 

Amortization expense

 

$

10,642 

 

$

8,452 

 

$

6,165 

 

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​  

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        Future amortization expense of the intangible assets as of December 31, 2014, is expected to be as follows:

 

                                                                                                                                                                                    

 

Years ending December 31:

 

 

 

 

2015

 

$

12,335 

 

2016

 

 

10,443 

 

2017

 

 

8,618 

 

2018

 

 

7,319 

 

2019

 

 

5,416 

 

Thereafter

 

 

14,523 

 

​  

​  

 

 

$

58,654 

 

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