Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v2.4.0.8
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2013
Goodwill and Intangible Assets  
Schedule of changes in the carrying amount of the Company's goodwill

 

 

Balance at December 31, 2011

 

$

21,334

 

Prima acquisition

 

9,283

 

Tamarac acquisition

 

35,027

 

Balance at December 31, 2012

 

65,644

 

WMS acquisition

 

8,691

 

Balance at December 31, 2013

 

$

74,335

 
Schedule of components of intangible assets

 

 

 

 

 

 

December 31, 2013

 

December 31, 2012

 

 

 

 

 

Gross

 

 

 

Net

 

Gross

 

 

 

Net

 

 

 

 

 

Carrying

 

Accumulated

 

Carrying

 

Carrying

 

Accumulated

 

Carrying

 

 

 

Useful Life

 

Amount

 

Amortization

 

Amount

 

Amount

 

Amortization

 

Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer lists

 

4 - 12 years

 

$

42,103

 

$

(14,593

)

$

27,510

 

$

28,103

 

$

(8,720

)

$

19,383

 

Proprietary technologies

 

1.5 - 8 years

 

9,580

 

(2,792

)

6,788

 

6,580

 

(657

)

5,923

 

Trade names

 

5 years

 

2,090

 

(690

)

1,400

 

2,090

 

(246

)

1,844

 

Total intangible assets

 

 

 

$

53,773

 

$

(18,075

)

$

35,698

 

$

36,773

 

$

(9,623

)

$

27,150

 
Schedule of amortization expense

 

 

 

 

Year ended December 31,

 

 

 

2013

 

2012

 

2011

 

 

 

 

 

 

 

 

 

Amortization expense

 

$

8,452

 

$

6,165

 

$

935

 
Schedule of Future amortization expense of the intangible assets

 

 

Years ending December 31:

 

 

 

2014

 

$

9,254

 

2015

 

6,354

 

2016

 

5,346

 

2017

 

4,059

 

2018

 

3,370

 

Thereafter

 

7,315

 

 

 

$

35,698